The technical and socio-cultural dimensions of project management are two sides of the same coin. Explain
Indeed, the technical and socio-cultural dimensions of project management are two sides of the same coin. This is so because the project management is in charge of administering and managing the human and material resources of a specific project.
Thus, it must organize not only the resources but also the members of the company who are in charge of exploiting those resources and maximizing results.
Therefore, just as a technical face is required to organize resources, a socio-cultural and human approach is required that allows a better functioning of the human resources of the company.
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Your uncle has just purchased a wheat farm and wants your advice on how he should price his product. Explain to your uncle the characteristics of the market structure under which his farm falls and how this will help him to determine the price and quantity of the wheat he will produce.
Answer:
the wheat firm is perfectly competitive
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
he is a price taker and the price of his wheat which would be equal to equilibrium price would be determined by market forces
if he sells at the market price, he would sell all his wheat
Explanation:
If the uncle sells above equilibrium price, he would not sell any wheat
he cannot sell below equilibrium price because he would make losses
On January 1, 2024, an investor paid $261,000 for bonds with a face amount of $315,000. The contract rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2025 (assume annual interest payments and amortization)
Answer:
$26,100
Explanation:
Calculation to determine how much interest income is recognized by the investor in 2025
Using this formula
Interest income = Amount paid* market rate of interest
Let plug in the formula
Interest income= $261,000*10%
Interest income= $26,100
Therefore the interest income that is recognized by the investor in 2025 will be $26,100
Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch: Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank. How much of the deposit cost will be assigned to the University branch
Answer:
Dallas National Bank
The deposit cost assigned to the University branch is:
= $1,800.
Explanation:
a) Data and Calculations:
Activities Traceable Costs Physical flow
of Driver Units Rate
Open new accounts $50,000 1,000 accounts $50
Process deposits 36,000 400,000 deposits $0.09
Process withdrawals 15,000 200,000 withdrawals $0.075
Process loan applications 27,000 900 applications $30
Memorial University
New accounts 200 400
Deposits 40,000 20,000
Withdrawals 15,000 18,000
Loan applications 100 160
Deposits cost assigned to the University:
= $1,800 (20,000 * $0.09)
BE12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the entry to record Nichols's investment in the partner- ship, assuming the equipment has a fair value of $4,000.
Answer:
Dr Cash $10,000
Dr Equipment (at FairValue) $4,000
Cr Nichols’s Capital Account $14,000
Explanation:
Preparation of the entry to record Nichols's investment in the partner- ship
Dr Cash $10,000
Dr Equipment (at FairValue) $4,000
Cr Nichols’s Capital Account $14,000
($10,000+$4,000)
(To record Nichols's investment in the partner- ship)
All other things being equal, consumers tend to prefer dollar savings over percentage savings. larger retail outlets over smaller outlets. external reference prices over internal reference prices. percentage savings over dollar savings. smaller retail outlets over larger outlets.
Answer: larger retail outlets over smaller outlets.
Explanation:
A retail outlet can be refered to as a store or a shop whereby buyers can visit in order to make purchases.
It should be noted that consumers will prefer the larger retail outlets over the smaller outlets. A reason attributed to this is that there are varieties of products that can be chosen by the consumers. Also, the consumers can enjoy discount when they buy in large quantities.
Analyze various impediments to the coordination of strategic implementation that might exist for global businesses, and the positive role knowledge management and systems can play in this regard.
Answer:
Lack of systems thinking ; the knowledge of the complexity of the business and the existing relationships will help improve the coordination of strategic implementation.
Environmental constraints ; Location of business should be top priority by applying established explicit knowledge for the location of businesses
Lack of qualified personnel : . management should ensure to employ the best qualified business managers to curb this challenge and this can be achieved by applying explicit knowledge
Explanation:
Some of the impediments are ;
Lack of systems thinking ; Inability to see the business as a whole and the various relationship between every department in a complex business environment. the knowledge of the complexity of the business and the existing relationships will help improve the coordination of strategic implementation.
Environmental constraints ; the location and surroundings of a global business exerts a lot of influence on the successful coordination; of strategic implementation. Location of business should be top priority by applying established explicit knowledge for the location of businesses
Lack of qualified personnel : unqualified business managers will not appropriately coordinate strategic implementation. management should ensure to employ the best qualified business managers to curb this challenge and this can be achieved by applying explicit knowledge
In a competitive market with a linear upward-sloping supply curve and a linear downward-sloping demand curve, the government imposes a $10 tax per unit bought and sold. The tax causes the equilibrium quantity to fall from 89 units to 77 units. The deadweight :_______
Answer:
$105
Explanation:
Missing word "The deadweight loss of this tax is...?"
Change in price = $10
Original quantity = 89 units
New quantity = 77 unit
Change in quantity= 89 units-77 units = 12 units
Dead-weight loss = 1/2 * Change in price * Change in quantity
Dead-weight loss = 1/2 * $10 * $21
Dead-weight loss = $105
Therefore, the dead-weight loss of this tax is $105.
Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $7,000 the first year, $9,000 the second year, $12,000 the third year, -$8,000 the fourth year, $19,000 the fifth year, $25,000 the sixth year, $28,000 the seventh year, and -$6,000 the eighth year. The project would cost the firm $47,300. If the firm's cost of capital is 18%, what is the modified internal rate of return
Answer:
The modified internal rate of return is 15.67%.
Explanation:
Note: See the attached excel file for the calculation of the total present value of the after-tax cash flows.
From the attached excel file, we have:
Total present value of the after-tax cash flows = $40,332.66
The modified internal rate of return (MIRR) can be calculated using the following formula:
MIRR = (PV / Outlay)^(1/n) * (1 + r) - 1……………….. (2)
Where;
PV = Total present value of the after-tax cash flows = $40,332.66
Outlay = Absolute value of cost of the project = $47,300
r = cost of capital = 18%, or 0.18
n = number of years = 8
Substitute the values into equation (1) to have:
MIRR = ($40,332.66 / 47,300)^(1/8) * (1 + 0.18) - 1 = 0.1567, or 15.67%
Therefore, the modified internal rate of return is 15.67%.
Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. The beta of Confusion Corp's stock is 1.25. If Confusion's intrinsic value is $21.00 today, what must be its growth rate
Answer:
6.98
Explanation:
Suppose an investment offers to triple your money in 24 months (don't believe it). What rate of return per quarter are you being offered
Answer:
30.77%
Explanation:
Assume investment = $1
Assume mount after 24 months = $5
Number of quarters in 24 months = 24/4 = 6
Future value = P*(1+r)^n; Where P is payment, r is interest rate per period, n is number of periods
5000 = 1*(1+i)^6
1*(1+i) = 5^(1/6)
1+i = 1.30766048601
i = 1.30766048601 - 1
i = 0.30766048601
i = 30.77%
So, the rate of return per quarter being offered is 30.77%
The impact of taxes on different groups in society varies. Some taxes create a larger burden for poorer people while others create a larger burden for wealthier people. Arrange the tax classifications according to the level of burden placed on poorer people.
Answer:
Progressive places the least burden on poor people
Proportional places the second highest burden
regressive places the most burden
Explanation:
Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
A proportionate tax taxes everyone the same regardless of the amount earned.
A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax. A progressive tax ensures vertical equity.
An investment offers $5,700 per year, with the first payment occurring one year from now. The required return is 5 percent. a. What would the value be today if the payments occurred for 10 years
Answer:
The correct answer is "$44,013.89".
Explanation:
Given:
Investment per year,
= $5,700
Required return,
= 5%
As we know,
⇒ [tex]Present \ value=Investment \ per \ year\times Annuity \ factor[/tex]
Or,
⇒ [tex]Annuity \ factor=\frac{1-[\frac{1}{(1+k)}]^n }{k}[/tex]
then,
The present value of 10 annual payment will be:
= [tex]5700\times \frac{1-[\frac{1}{(1+.05)}]^{10} }{.05}[/tex]
= [tex]44013.89[/tex] ($)
Founders' shares are a type of classified stock where the shares are owned by the firm's founders, and they generally have more votes per share than the other classes of common stock. True False
Answer:
TRUE
Explanation:
This is True because Founders are usually the first to get shares of a company, hence they will have more votes per share than the other classes of common stock.
Founder's shares are a type of classified stock.
Bad Company, Inc., has a major outlay of $2.05 million that is needed to renovate the company's manufacturing facility. Because the company's management is conservative, it won't undertake the renovation until it has the cash necessary to fund the renovation. The company plans to deposit $155,000 each quarter into an account that will earn 2.05 percent per quarter. How many years will it be until the company has the money saved for the renovation
Answer:
Bad Company
The number of years that it will take for the company to have the money saved for the renovation is:
= 3.2 years (12.793/4).
Explanation:
a) Data and Calculations:
The outlay required for the renovation of the manufacturing facility = $2.05 million
Quarterly deposit into an account = $155,000
The interest earned per quarter on the deposit = 2.05% per quarter
From an online financial calculator, it will take 3.2 years:
I/Y (Interest per year) 2.25
PV (Present Value) 2050000
PMT (Periodic Payment) = $ 155000
FV (Future Value) 0
Results
N = 12.793
Sum of all periodic payments = $1,982,883.80
Total Interest = $67,116.20
There are three sequential operations (Station 1, Satiation 2, and Station 3) in a process. Incoming applications go to station 1 first, then to Station 2, finally to station 3, and then leave the process. There are 1 resources in Station 1, 2 resources in Station 2, and 3 resources in Station 3. The capacity of EACH SINGLE RESOURCE in these stations is 3, 5, and 5 applications per day. The last 3 numbers are the capacity of a single resource (a resource unit) in each of the three stations (resource pools), respectively. This process wors 24 hours a day. Compute the theoretical flow time.
Answer:
1 hour 19 mins
Explanation:
The computation of the theoretical flow time is shown below;
The sequence of operation represent as a Station 1 -> Station 2 -> Station 3
Now
The capacity of each station is
= number of resources × capacity of each resource
Particulars Station 1 Station 2 Station 3
resources 1 2 3
the capacity of
each resource 3 5 5
the capacity of
each station 3 20 15
Now The theoretical flow time for each station is
Station 1 = 60 ÷ (3 ÷ 1) = 20 mins
Station 2 = 60 ÷ (5 ÷ 2) = 24 mins
Station 3 = 60 ÷ (5 ÷ 3) = 35.92 mins
So,
Total theoretical flow time is
= 20 + 24 + 35.92
= 79.92 mins
= 1 hour 19 mins
The theoretical flow time is the minimum amount of time required to process a unit in a manufacturing business. This helps to reduce the time and cost.
The theoretical flow time is 1 hour 19 minutes.
Computation:
The formula used to determine the capacity of each station is:
[tex]\text{Capacity of each station}&=\text{Number of resources}\times\text{Capacity of each Resource}[/tex]
It is computed in the table attached below.
The computation of theoretical flow time for each station is determined by the following formula:
[tex]\text{Theoretical flow time}&=\dfrac{\text{Total Minutes}}{\frac{\text{capacity of each resource}}{\text{Number of resources}}}[/tex]
For station 1 :
[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{3}{1}}\\&=20\;\text{minutes}\end{aligned}[/tex]
For station 2:
[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{5}{2}}\\&=24\;\text{minutes}\end{aligned}[/tex]
For station 3:
[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{5}{3}}\\&=35.92\;\text{minutes}\end{aligned}[/tex]
Therefore, the total theoretical flow time is:
[tex]\begin{aligned}\text{Total Theoretical Flow time}&=20\;\text{minutes}+24\;\text{minutes}+35.92\;\text{minutes}\\&=1\;\text{hour}\;19\;\text{minutes}\end{aligned}[/tex]
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Your company just sold a product with the following payment plan: $40,000 today, $35,000 next year, and $30,000 the following year. If your firm places the payments into an account earning 6% per year, how much money will be in the account after collecting the last payment?
Answer:
the money that will be in the account after collecting the last payment is $112,044
Explanation:
The computation of the money that will be in the account after collecting the last payment is shown below:
Amount is
= $40,000 × (1.06)^2 + $35,000 × (1.06) + $30,000
= $112,044
Hence, the money that will be in the account after collecting the last payment is $112,044
What does project failure mean? What are some examples?
Answer:
that's mean A project is considered a failure when it has not delivered what was required, in line with expectations
Explanation:
Therefore, in order to succeed, a project must deliver to cost, to quality, and on time; and it must deliver the benefits presented in the business case.
Charleston Inc. acquired 75% of Savannah Manufacturing on January 4, 2020. During 2020, Charleston sold Savannah $460,000 of goods, which had cost $380,000. Savannah still owned 20% of the goods at the end of the year. In 2021, Charleston sold goods with a cost of $520,000 to Savannah for $700,000, and Savannah still owned 15% of the goods at year-end. What amount of intra-entity gross profit should be deferred in 2021
Answer:
Amount of profit to be deferred = $27,000Explanation:
The intra-entity gross profit that needs to be deferred can be calculated as follows:
In 2021:
The amount of price on goods sold = $700,000
The actual cost price = $520,000
Less: $180,000
Amount of profit to be deferred = Profit × percentage of goods at the year-end (2021)
Amount of profit to be deferred = $180,000 × 15%
Amount of profit to be deferred = $27,000Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $228,000 and would yield the following annual cash flows.
C1 C2 C3
Year 1 $12,000 $96,000 $180,000
Year 2 108,000 96,000 60,000
Year 3 168,000 96,000 48,000
Totals $288,000 $288,000 $288,000
Assume that the company requires a 12% return from its investments. Using net present value, determine which projects, if any, should be acquired.
Required:
Compute the internal rate of return for project C2.
Answer:
c3 should be acquired
8.52%
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
NPV and IRR can be calculated with a financial calculator
C1
Cash flow in year 0 = $-228,000
Cash flow in year 1 = $12,000
Cash flow in year 2 = $96,000
Cash flow in year 3 = $180,000
I = 12%
NPV = -12,634.66
C2
Cash flow in year 0 = $-228,000
Cash flow in year 1 = 108,000
Cash flow in year 2 = $96,000
Cash flow in year 3 = 60,000
I = 12%
NPV = -12,334
IRR = 8.52%
C3
Cash flow in year 0 = $-228,000
Cash flow in year 1 = 168,000
Cash flow in year 2 = $96,000
Cash flow in year 3 = 48,000
I = 12%
NPV = 32,696.06
It is only c3 that has a positive NPV. Thus, it is the only profitable project. Only C3 should be accepted
To determine the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
To determine the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
c2 = 12,334
c3 = 32,696.06
NaviCal Inc., a personal navigation system company, has contracted its manufacturing to a firm in Malaysia for five years. NaviCal had high financial growth, and it wants to purchase the manufacturing facility. This market entry method is called ________.
Answer:
Direct foreign investment
Explanation:
Foreign direct investment (FDI) is done in the case when the company controls the ownership in the other country of the business entity
Here the foreign company would be directly linked with the day to day operations that done in the other country this means that here not only the contribution of money matters but also the knowledge, skills, capabilities, techonology is also matter
Therefore the above represent the answer
Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after each use d. those that may be stored and repaired e. none of the above
Answer:
d. those that may be stored and repaired
Explanation:
Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out
For example: mobile phone, table, chair, toys, etc
Therefore as per the given situation, the option d is correct
And, the remaining options are to be considered
stock a has an expected return of 20 and stock b has an expected return of 5. what is the expected return on a portfolio this comprised of 67^ of stock a and 33% stoc k b
Answer:
15.05%
Explanation:
Calculation to determine the expected return on a portfolio
Using this formula
Expected return = (Return on stock A * Percentage invested in stock A) + ( Return on Stock B * Percentage invested in Stock B)
Let plug in the formula
Expected return= (20% * 67%) + (5% * 33%)
Expected return= 13.4% + 1.65%
Expected return= 15.05%
Therefore the expected return on a portfolio is 15.05%
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payable
Answer:
a. Investing Activities
b. Investing Activities
c. Operating Activities
d. Operating Activities
e. Operating Activities
f. Financing Activities
Explanation:
Operating Activities includes activities in daily operation of the business as in buying and selling with customers and suppliers.
Investing Activities includes the purchase and sell of assets and investments.
Financing Activities includes the raising of capital and debt and repayments to holders.
In the month of June, a department had 19900 units in beginning work in process that were 75% complete. During June, 90200 units were transferred into production from another department. At the end of June there were 11000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were
Answer:
103,500 units
Explanation:
Equivalent units calculation - conversion costs
Completed and transferred units (99,100 x 100 %) = 99,100 units
Ending Work in Process units (11000 x 40%) = 4,400 units
Total Equivalent units = 103,500 units
therefore,
The equivalent units of production for conversion costs for June were 103,500 units
What is the difference between economics and geography? -,-
Answer:
Economics is a Bhadda subject aur geo Ki to pucho he mat ok bye
The marginal product of labor for Acme, Inc. is 15. The average product of labor is 25, and the price of labor is $10. Assuming that Acme, Inc. is a competitor in its output and input markets, the marginal revenue product of labor:
Answer:
cannot be determined
Explanation:
The computation of the marginal revenue product of labor is given below;
we know that
Marginal revenue product = MR × MP
Here
MP= 15
But MR is not given.
So without MR, the marginal revenue product cant be determined
Therefore it is cannot be determined
Hence, the same is relevant
_____ is a system of marketing by which organizations communicate directly with target customers to generate a response and/or a transaction.
Answer:
Direct marketing
Explanation:
In direct marketing system, companies communicate directly to customers via email, social media, phones and sms. Here, the aim of the company is to generate direct response on a particular transaction from targeted customers.
Direct marketing has been around for a while and has been used to create or know the areas requiring improvement by companies. Hence if a company or an organization aims at getting direct response on a product from targeted customer, direct marketing is often used.
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smartphone to document accidents (take pictures, write a report, etc.). If they both purchase the same model smartphone, such as an Apple iPhone, which statement is most accurate?
a. Both the adjuster and the student we potential customers because in their own way, they both benefit from the product.
b. The student is the prospective customer since there are more students buying smartphones for personal use than there are insurance adjusters buying smartphones for business use.
c. Neither the adjuster nor the student is a prospective customer since the company will pay for the adjuster's smartphone and the student's parents will pay for hers.
d. Only a person who has bought a smartphone previously is a prospective customer, only previous owners of smartphones benefit from buying new ones.
e. The adjuster is a prospective customer because the smartphone will be used for work, the student is only a secondary user since the purpose of the smartphone is just for entertainment
Answer:
Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).
Explanation:
Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.
Which of the following statements is more likely if cash and marketable securities increase by $5,000 during a period in which cash provided by operations increases by $1,000 and cash used by investments decreases by $500?
A) Cash provided by financing increases by S6,500.
B) Cash used by financing decreases by $1,000.
C) Debt increases by more than cash dividends paid.
D) Debt is reduced by more than cash dividends paid.
Answer:
C) Debt increases by more than cash dividends paid
Explanation:
Based on the information given the statements that is more likely based on the below calculation will be : DEBT INCREASES BY MORE THAN CASH DIVIDENDS PAID reason been that the NET INCREASE IN THE CASH from financing activities was the amount of $4,500
Net Increase In The Cash from financing activities = $5000 - $1000 + $500
Net Increase In The Cash from financing activities= $4500