Managers who establish effective goals can enhance the performance of their employees and of their company. The manager in the scenario presented next realizes that goals are essential to improving performance. Goal setting helps motivate employees by clarifying their roles at work and establishing performance objectives. Effective goal setting is more than just asking employees to do their best or to try harder. It requires attention to key goal characteristics that increase intensity and persistence, and ultimately improve performance. The goal of this exercise is to demonstrate your understanding of goal setting by matching each employee’s goal with his or her goal characteristic. Match each employee’s goal with his or her goal characteristic.
1. Achievable Goals
2. Measurable Goals
3. Relevant Goals
4. Time-Frame Goals
5. Specific Goals
6. Reviewed Goals
Match each of the options above to the items below.
Carlos’ goal is to reduce average loan processing by fifteen percent within the next 6 months.
Michelle is a salesperson. Her goal is to increase the number of sales calls made to potential customers.
Sam has been reviewing customer accounts at a rate of two per day. His goal is to double that rate. That is possible, but he’ll have to work hard and be creative to reach this goal.
Chen has been given a project, and his manager clearly communicated the quantity and quality expectations to him.
Elizabeth has just been given a project which needs to be completed within 6 weeks.
Kelly is most excited about adopting goals because it means she’ll finally have a clear measure of how well she is doing.

Answers

Answer 1

Answer:

Carlos’ goal is to reduce average loan processing by fifteen percent within the next 6 months. - REVIEWED GOALS

Reviewed goals are those that can be juxtaposed against previous performance to see if a better performance was put in. Carlos will review his performance at the end of 6 months.

Michelle is a salesperson. Her goal is to increase the number of sales calls made to potential customers. - RELEVANT GOALS

Relevant goals are those that relate to the job they are made for. Michelle is a salesperson so her having a goal of increasing calls to potentials is relevant to her job.

Sam has been reviewing customer accounts at a rate of two per day. His goal is to double that rate. That is possible, but he’ll have to work hard and be creative to reach this goal. - ACHIEVABLE GOALS.

Acheivable goals are just that, acheivable. Sam's goal to double his reviewing rate is said to be possible so it is achievable.

Chen has been given a project, and his manager clearly communicated the quantity and quality expectations to him. SPECIFIC GOALS.

Specific goals have set targets that should be met and in giving Chen clearly communicated quantity and quality expectations, Chen's manager has given him specific goals.

Elizabeth has just been given a project which needs to be completed within 6 weeks. TIME-FRAME GOALS.

Time-frame goals as implied are goals that have to be completed within a certain time period. Elizabeth has to complete this project in 6 weeks so this is a time-frame goal.

Kelly is most excited about adopting goals because it means she’ll finally have a clear measure of how well she is doing. MEASURABLE GOALS.

Measurable goals relate with the name and can be measured or enable one to measure something else. Kelly will be able to measure how she is doing with these goals of hers so they are measurable goals.

Related Questions

Presented below is the trial balance of Sage Corporation at December 31, 2020.

Debit Credit
Cash $201,720
Sales $8,101,160
Debt Investments (trading) (at cost, $145,000) 154,160
Cost of Goods Sold 4,800,000
Debt Investments (long-term) 303,720
Equity Investments (long-term) 281,720
Notes Payable (short-term) 91,160
Accounts Payable 456,160
Selling Expenses 2,001,160
Investment Revenue 67,870
Land 261,160
Buildings 1,044,720
Dividends Payable 140,720
Accrued Liabilities 97,160
Accounts Receivable 436,160
Accumulated Depreciation-Buildings 152,000
Allowance for Doubtful Accounts 26,160
Administrative Expenses 904,870
Interest Expense 215,870
Inventory 601,720
Gain 84,870
Notes Payable (long-term) 904,720
Equipment 601,160
Bonds Payable 1,004,720
Accumulated Depreciation-Equipment 60,000
Franchises 160,000
Common Stock ($5 par) 1,001,160
Treasury Stock 192,160
Patents 195,000
Retained Earnings 82,720
Paid-in Capital in Excess of Par 84,720
Totals $12,355,300 $12,355,300

Required:
Prepare a balance sheet at December 31, 2020, for Sage Corporation.

Answers

Answer:

Balance sheet at December 31, 2020, for Sage Corporation.

Current Assets

Cash $201,720

Debt Investments (trading) $154,160

Equity Investments (long-term) $281,720

Accounts Receivable $436,160

Allowance for Doubtful Accounts ($26,160)

Inventory $601,720

Total Current Assets $1,649,320

Non-Current Assets

Land $261,160

Buildings $1,044,720

Franchises $160,000

Patents $195,000

Accumulated Depreciation-Buildings ($152,000)

Accumulated Depreciation-Equipment ($60,000)

Total Non-Current Assets $1,448,880

Current Liabilities

Notes Payable (short-term) $91,160

Dividends Payable $140,720

Accrued Liabilities $97,160

Total Current Liabilities $329,040

Non-Current Liabilities

Accounts Payable $456,160

Notes Payable (long-term) $904,720

Bonds Payable $1,004,720

Total Non-Current Liabilities $2,365,600

Stockholder's Equity

Common Stock ($5 par) $1,001,160

Treasury Stock $192,160

Retained Earnings $82,720

Paid-in Capital in Excess of Par $84,720

Total Stockholder's Equity $1,360,760

Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relating to the acquisition of the equipment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
A. The equipment was purchased on account for $25,000. Credit terms were 2/10, n/30. Payment was made within the discount period and the company records the purchases of equipment net of discounts.
B. Connors gave the seller a noninterest-bearing note. The note required payment of $27,000 one year from date of purchase. The fair value of the equipment is not determinable. An interest rate of 10% properly reflects the time value of money in this situation.
C. Connors traded in old equipment that had a book value of $6,000 (original cost of $14,000 and accumulated depreciation of $8,000) and paid cash of $22,000. The old equipment had a fair value of $2,500 on the date of the exchange. The exchange has commercial substance.
D. Connors issued 1,000 shares of its nopar common stock in exchange for the equipment. The market value of the common stock was not determinable. The equipment could have been purchased for $24,000 in cash.
Required:
For each of the above situations, prepare the journal entry required to record the acquisition of the equipment.

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

Journal Entries

Debit Credit

A. The equipment was purchased on account for $25,000.

Equipment $25,000

Accounts Payable $25,000

B. Connors gave the seller a noninterest-bearing note. The note required payment of (27,000 x 1/(1+10%)

Equipment $24,545

Discount on Notes Payable $2,455

Note Payable $27,000

C. Connors traded in old equipment that had a book value of $6,000

Equipment New $24,500

Accumulated Depreciation $8,000

Loss on Equipment $3,500

Cash $22,000

Equipment Old $14,000

D.Connors issued 1,000 shares of its no-par common stock in exchange for the equipment

Equipment $24,000

Common Stock $24,000

Journal entry 25,000/(1-.02) = 24,500

Debit: Equipment - new 24,500

Credit: Accounts Payable 24,500

B. 27,000/(1+.10)=24,545 then 27,000-24,545 = 2,455

Debit: Equipment - new 24,545

Debit: Discount on Notes Payable 2,455

Credit: Notes Payable 27,000

Debit: Equipment - new 24,500 (22,000+2,500)

Debit: Accumulated Depreciation 8,000

Debit: Loss on Exchange of assets 3,500 (6,000-2,500)

Credit: Cash 22,000

Credit: Equipment - old 14,000

Debit: Equipment 24,000

Credit: Common Stock 24,000

Please complete the spreadsheet template:
Trans no. Transaction
1. Pamela Wong, the owner, opened a checking account for the business by depositing $48,000 of her personal funds.
2. Paid the monthly rent of $1,500.
3. Bought office furniture on account for $1,000.
4. Pamela Wong invested $3,000 of office equipment in the business.
5. Paid cash for a new computer for the business, $5,000.
6. Paid for an advertisement in the local newspaper, $200.
7. Completed graphic desktop publishing services for a client and sent a bill for $800.
8. Paid $700 on account for the office furniture bought earlier.
9. Received $500 on account from a client.
10. Pamela Wong withdrew $1,000 for personal use.
11. Received $400 cash for desktop publishing services completed for a client.

Answers

Answer:

I used an excel spreadsheet sine there is not enough room here.

Explanation:

Excel templates make it simpler to create a spreadsheet with a polished appearance by including all of the following, with the exception of Data.

What is Excel Sheet ?

To eliminate the necessity for the user to generate those designs from scratch, templates are made to specify the fundamental structure of each document that is repeated.

A template typically includes formatting and pre-defined formulas. However, it won't include any data as the template's goal is to have a consistent structure but allow for variable values so that it can respond appropriately to the data.

Formatting and pre-made formulas are frequently included in templates. Although the template aims to have a consistent structure and allow for variable values so that it can react appropriately to the data, it won't contain any data.

Any template will therefore include design but not data. We are able to make a new one, modify an existing template, or utilize the default template.

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on an annal basis, the first set of expenses is ____% of the second set of expenses. MAria spends 17 dollars on lottery tickets every week and spends

Answers

Completion Question:

On an annualbasis, the first set of expenses is _______% of the second set of expenses. Maria spends $17 on lottery tickets every week and spends $133 per month on food. On an annual basis, the money spent on lottery tickets is % of the money spent to buy food. (Round to the nearest percent asneeded.)

Answer:

Maria's Spending

On an annualbasis, the first set of expenses is ____55.39___% of the second set of expenses. Maria spends $17 on lottery tickets every week and spends $133 per month on food. On an annual basis, the money spent on lottery tickets is 55.39 % of the money spent to buy food.

Explanation:

Maria spends $17 on lottery tickets every week

Therefore, every 4-week month, she spends $68 ($17 * 4) on lottery tickets

Normally, a year = 52 weeks.

Annually, Maria spends $884 ($17 * 52) on lottery tickets

Also

Maria spends $133 per month on food.

Normally, a year = 12 months.

Annually, she spends $1,596 ($133 x 12) on food

Ratio of Lottery tickets to Food annually:

= $884 : $1,596

= $884/$1,596

= 55.39%

0.5539 : 1

b) What is done here is to convert to each cost to its annual equivalent. The cost of Lottery tickets was converted from per week basis to per annum. The cost of food was converted from per month basis to per annum. These conversions make the two variables comparable, since they have been reduced to similar standards of measurement.

The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The real income-per-person figures are denominated in U.S. dollars with a base year of 2005. The following exercises will help you to understand the different growth experiences of these economies.

Economy Real Income per Person in 1960 Real Income per Person in 2010 Annual Growth Rate
(Dollars) (Dollars) (Percent)
Canada 12,946 35,810 2.06
United Kingdom 11,884 32,034 2.00
Korea 1,610 28,702 5.93
Hong Kong 4,518 44,070 4.66
Guatemala 1,985 3,859 1.34

Indicate which economy satisfies each of the following statements.

Statement Canada Guatemala Hong Kong Korea Niger United Kingdom
This economy had the highest level of real income per person in the year 2010.
This economy experienced the fastest rate of growth in real income per person from 1960 to 2010.

Consider the following list of four economies. Which economy began with a level of real income per person in 1960 that was well below that of the United Kingdom and grew fast enough to catch up with and surpass the United Kingdom's real income per person by 2010?

a. Canada
b. Guatemala
c. Hong Kong
d. Korea

Answers

Korea I think so the answer is d

The economy began with a level of real income per person in 1960 that was well below that of the United Kingdom and grew fast enough to catch up with and surpass the United Kingdom's real income per person by 2010 is Korea. Thus the correct option is D.

What is the Economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

In the given report one can observe that the real income per person in the year 1960 in the United Kingdom was 11,884 with the Real Income per Person in 2010 being 32,034.

Based on the information from the table, it is concluded that Korea is the economy that grew fast enough to catch up with and surpass the United Kingdom's real income per person by 2010.

As of 1960, Korea has Real Income per Person was 1,610 which grew to 28,702 in 2010 showing quick development.

Therefore, option D is appropriate.

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Firms may not include all income taxes for a period on the line for income tax expense in the income statement. Other places that income tax expenses may occur include all of the following except: Select one: a. Extraordinary Items b. Other Comprehensive Income c. Common Stock d. Discontinued Operations

Answers

Answer:

Option C

Explanation:

Firms may not include all income taxes for a period on the line for income tax expense in the income statement. Other places that income tax expenses may occur include all of the following except Common Stock. Common stock is a form of corporate equity ownership, a type of security. Common stock is reported in the stockholder's equity section of a company's balance sheet.

Gnomes R Us just paid a dividend of $1.90 per share. The company has a dividend payout ratio of 25 percent. If the PE ratio is 16.9 times, what is the stock price

Answers

Answer:

Stock price=$128.44

Explanation:

Calculation for stock price

First step is to calculate for dividend payout ratio using this formula

Dividend payout ratio=Dividend payout/Earnings

Let plug in the formula

Earnings=($1.90/0.25)

Earnings=$7.6

Now let calculate for PE ratio using this formula

PE ratio=Stock price/EPS

Let plug in the formula

Stock price=$7.6*16.9times

Stock price=$128.44

Therefore Stock price will be $128.44

Ten years ago, Ginny inherited $50,000 from her grandmother. She decided to invest all of this money in GE stock. Suppose she decides to sell the stock today so she can purchase her first home. The sale price of the stock is $64,500. Calculate the size of Ginny's taxable capital gain.

Answers

Answer:

$14,500

Explanation:

The size of Ginny's taxable capital gain = $64,500 - $50,000 = $14,500

Note: Capital gains tax is a tax on the profit realized on the sale of a non-inventory asset.

If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place. a. How large is the desired fiscal stimulus

Answers

Answer:

a. The desired fiscal stimulus is $35.0 billion.

b. The income tax cut is $36.8 billion.

c. The amount of government spending that would achieve the target is $35.0 billion.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place.

a. How large is the desired fiscal stimulus?

b. How large an income tax cut is needed?

c. Alternatively, how much government spending would achieve the target?

The explantion of the answers is now provided as follows:

From the question, we have:

Aggregate demand (AD) shortfall = $700 billion

Marginal Propensity to Consume (MPC) = 0.95

a. How large is the desired fiscal stimulus?

To calculate the the desired fiscal stimulus, we need to first calculate the multiplier as follows:

Multipliers = 1 (1 - MPC) ................... (1)

Substituting the value into equation (1), we have:

Multipliers = 1 (1 - 0.95) = 1 / 0.05 = 20

The formula for calculating the fiscal stimulus is as follows:

Fiscal stimulus = AD shortfall / Multiplier ..................... (2)

Substituting the values into equation (2), we have:

Fiscal stimulus = $700 billion / 20 = $35.0 billion.

Therefore, the desired fiscal stimulus is $35.0 billion.

b. How large an income tax cut is needed?

This can be calculated using the following formula:

Income tax cut = Fiscal stimulus / MPC .............. (3)

Substituting the values into equation (3), we have:

Income tax cut = $35 billion / 0.95 = $36.8421052631579 billion

Rounding to one decimal place, we have

Income tax cut = $36.8 billion

Therefore, the income tax cut is $36.8 billion.

c. Alternatively, how much government spending would achieve the target?

The amount of increase in government spending that would achieve the target is the same thing as the desired fiscal stimulus already obtained in part a above.

Therefore, the amount of government spending that would achieve the target is $35.0 billion.

g after examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of percent compounded or from a bank at an APR of percent compounded . Which alternative is more attractive? a. If you borrow $ from a finance company at an APR of percent compounded for year, how much do you need to payoff the loan?

Answers

question text WITH missing information:

After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of 12 percent compounded monthly or from a bank at an APR of 13 percent compounded annually. Which alternative is more attractive?

If you borrow $100 from a finance company at an APR of 9% percent compounded for year, how much do you need to payoff the loan?

Answer:

The finance company option is better as we are taking the loan we want the lower rate possible.

We need $109 to payoff the loan of $100 at 9% annualy after a whole year.

Explanation:

We solve for the effective rate of 12% compounded monthly

[tex](1+\frac{0.12}{12} )^{12}[/tex] = 1.12682503 = 0.126825 = 12.6825%

As this rate is lower than 13% this option is better

If we take 100 dollars after a year we have to pay:

$100 x (1 + r) = 100 x (1 + 0.09) = 100 x 1.09 = $109

Apr. 2 Purchased $6,900 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
3 Paid $390 cash for shipping charges on the April 2 purchase.
4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $500.
17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.
18 Purchased $13,100 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.
21 After negotiations, received from Frist a $400 allowance toward the $13,100 owed on the April 18 purchase.
28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

Required:
Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.

Answers

Answer:

Apr. 2

Merchandise $6,900 (debit)

Accounts Payable : Lyon Company $6,900 (credit)

Purchased Merchandise from Lyon Company on credit

April 3.

Accounts Payable : Lyon Company $390 (debit)

Cash $390 (credit)

Payment of Freight Charges Include in Invoice (FOB)

April 4.

Accounts Payable : Lyon Company $500 (debit)

Merchandise $500 (credit)

Returned Merchandise to Lyon Company

April 17.

Accounts Payable : Lyon Company $6,010 (debit)

Discount Received $120 (credit)

Cash $5,890 (credit)

Payment of amount due to Lyon Company and discount received

April 18.

Merchandise $13,100 (debit)

Accounts Payable: Frist Corp $13,100 (credit)

Purchased Merchandise on credit from Frist Corp

April 2.

Accounts Payable: Frist Corp $400 (debit)

Purchase allowance $400 (credit)

Received and allowance from Frist Corp

April 28.

Accounts Payable: Frist Corp $12,700 (debit)

Discount Received $127 (credit)

Cash $12,573 (credit)

Payment of amount due to Frist Corp and discount received

Explanation:

See the journals and their narrations prepared above.

An Investment Adviser Representative (IAR) manages the assets of the ABC Corporation Profit Sharing Plan. The trustee of the plan contacts the IAR, explaining to the IAR that he wants a check drawn from the plan account to buy a building that ABC Corporation will occupy. The IAR should:

Answers

Answer:

refuse to issue the check because it is a breach of the IAR's fiduciary obligation

Explanation:

This check should not be issued because if it is issued it would be a breach of the investment advisor representative fiduciary obligation. His main responsibility is to offer advices that relates to investment because he is a financial planner. He has to act in the best interest of his client with loyalty and also in good faith.

An example of economies of scope is: Group of answer choices Google utilizing its information processing capabilities to provide data analysis services to other firms. The 200,000 unit production threshold for GM to make a profit on a car model. Decreasing per unit costs given increased unit production. Increasing per unit costs given increased unit production. None of the available answers.

Answers

Answer:

Google utilizing its information processing capabilities to provide data analysis services to other firms.

Explanation:

Many people confuse economies of scope with economies of scale. Economies of scope result when producing 2 or more different goods or services together is cheaper than producing them separately. While economies of scale refers to decreasing unit costs as the total output increases.

In the example above, Google already processes information for itself, and it is using that information to sell services to other companies. By producing both services together, the production costs lower.

Sunland Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $1,440 per month. One of the barbers serves as the manager and receives an extra $520 per month. In addition to the base rate, each barber also receives a commission of $9.15 per haircut. Other costs are as follows.

Advertising $240 per month
Rent $1,100 per month
Barber supplies $0.35 per haircut
Utilities $185 per month plus $0.10 per haircut
Magazines $35 per month Sunland currently charges $16 per haircut.

Vin currently charges $10 per haircut.
Required:

a. Determine the variable costs per haircut and the total monthly fixed costs.
b. Compute the break-even point in units and dollars.
c. Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis.
d. Determine net income, assuming 1,600 haircuts are given in a month.

Answers

Answer:

a. Variable costs = $9.60 and Fixed Costs = $7,840

b. 1,225 haircuts and $19,600

c. See attachment

d. $2,400

Explanation:

Variable Costs per haircut Calculations

Barber supplies $0.35

Utilities $0.10

Commission $9.15

Total Variable Costs per haircut $9.60

Total Monthly Fixed Costs Calculation

Base Salary (1,440 × 4 + 520) $6,280

Advertising $240

Rent $1,100

Utilities $185

Magazines $35

Total Monthly Fixed Costs $7,840

Contribution per unit = Selling price per unit - Variable Cost per unit

= $16.00 - $9.60

= $6.40

Contribution Margin Ratio = Contribution ÷ Selling Price

= $6.40 ÷ $16.00

= 0.40

Break-even point (units) = Fixed Cost ÷ Contribution per unit

= $7,840 ÷ $6.40

= 1,225 haircuts

Break-even point (dollars) = Fixed Cost ÷ Contribution Margin Ratio

= $7,840 ÷ 0.40

= $19,600

Net income, assuming 1,600 haircuts are given in a month [calculation]

Contribution (1,600 × $6.40) $10,240

Less Fixed Costs ($7,840)

Net Income/(loss) $2,400

Managers must be able to determine whether their workers are doing an effective and efficient job, with a minimum of errors and disruptions. They do so by using a performance appraisal, an evaluation that measures employee performance against established standards in order to make decisions about promotions, compensation, training, or termination. Managing effectively means getting results through top performance. That's what performance appraisals at all levels of the organization are for—including at the top, where managers benefit from review by their subordinates. In the 360-degree review, management gathers opinions from all around the employee, including those under, above, and on the same level, to get an accurate, comprehensive idea of the worker's abilities.

a. True
b. False

Answers

Answer:

a. True

Explanation:

This system of performance review is a 360-degree review or feedback process where a given employee receives inputs on her performance (or other criteria such as behaviors, competencies and results achieved) from different employees with varying working relationships and at different levels. The idea is to ensure that the employee's performance is not partial or biased. Using this system, the employee who may be a manager will have her performance reviewed by employees below, above, and on the same level with her.

There are two machines for sale that you are considering purchasing for your sawmill to produce hardwood flooring. You want to find the one that has a higher process capability index, or Cpk. The goal is to produce flooring that is between 46 and 50 millimeters thick. The first machine is more accurate on average, producing to a mean of 48 millimeters...but unfortunately it has more variation with a standard deviation of 7 millimeters. The second machine is not as accurate, with a mean of 47mm, but does deliver a more consistent output, with standard deviation of 3mm.
[ Select] What is the Cpk of machine 1?
[Select] What is the Cpk of machine 2?
[ Select] If your goal is to be capable', what would you do?
[ Select] If (somehow) you could combine the best of both machines (the centering or average of machine 1 coupled with the constancy or standard deviation of machine 2, what would the Cpk be?

Answers

Answer:

Machine 1 = 0.092

Machine 2 = 0.111

Combined = 0.222

Explanation:

Given the following :

Lower specification limit (LSL) = 46 mm

Upper specification limit (USL) = 50 mm

MACHINE 1:

Mean 1 (m1) = 48

Standard deviation 1 (σ1) = 0.7

MACHINE 2:

Mean 2 (m2) = 47

Standard deviation 2 (σ2) = 0.3

Cpk formula:

Min(USLcpk, LSLcpk)

USLcpk = (USL - m) / 3σ

LSLcpk = (m - LSL) / 3σ

FOR MACHINE 1:

USLcpk = (50 - 48) / 3(7) = 0.0952

LSLcpk = (48 - 46) / 3(7) = 0.0952

Cpk = Min(0.952, 0.952) = 0.952

FOR MACHINE 2:

USLcpk = (50 - 47) / 3(3) = 0.333

LSLcpk = (47 - 46) / 3(3) = 0.111

Min(USLcpk, LSLcpk)

Cpk = Min(0.333, 0.111) = 0.111

When combined :

Mean = 48

σ = 3

USLcpk = (50 - 48) / 3(3) = 0.222

LSLcpk = (48 - 46) / 3(3) = 0.222

Min(USLcpk, LSLcpk)

Cpk = Min(0.222, 0.222) = 0.222

Read the following sentences, and identify the error.

a. Paolo recruited job applicants for the company that showed promise.

The error in this sentence is a:_________ .

b. We will be visiting our accounts in California, Oregon, and visiting our accounts in Washington.

The error in this sentence is a:________ .

Before you decide whether to use passive or active voice, you should consider the purpose of your message and the nature of the situation. Read the scenario, and then fill in the blanks.

You work for a printing company, and you realize that your colleague sent incorrect price quotes to a client. You begin to write an e-mail to the client to apologize for the mistake. You want to remedy the situation without criticizing your colleague. The sentence excerpted from the e-mail uses ______________ voice. Given the purpose of your message, this voice ___________ appropriate.

Answers

Answer:

a. Paolo recruited job applicants for the company that showed promise.

The error in this sentence is a: AMBIGUITY.

Who showed promise? The company or the job applicants? This sentence is not specific and you really cannot tell whether the job applicants or the company showed promise.

b. We will be visiting our accounts in California, Oregon, and visiting our accounts in Washington.

The error in this sentence is a: LACK OF PARALLELISM.

In order to show parallelism you should include the dates of the visits, since you cannot visit all 3 states in the same day and do your work properly.

You work for a printing company, and you realize that your colleague sent incorrect price quotes to a client. You begin to write an e-mail to the client to apologize for the mistake. You want to remedy the situation without criticizing your colleague.

The sentence is missing, so I looked for a similar question:

"Bill made an error when he was processing your invoice."

The sentence excerpted from the e-mail uses ACTIVE voice. Given the purpose of your message, this voice IS NOT appropriate.

The whole purpose of this message is to solve a problem without criticizing Bill, but by using active voice, you are directly criticizing him.

The given statements pertain to aggregate supply and aggregate demand. Label each statement as being either true or false.
Statement 1: An increase in the cost of energy affects both aggregate supply and aggregate demand.
A. True
B. False
Statement 2: One of the factors that increase aggregate demand is the consumption of more imports.
A. True
B. False
Statement 3: If the value of people's stock portfolios increases or if peoples houses appreciate in value, then this very easily could lead to an increase in aggregated demand.
A. True
B. False

Answers

Answer:

Statement 1: An increase in the cost of energy affects both aggregate supply and aggregate demand.

A. True

An increase in energy costs reduces both aggregate supply and demand.

Statement 2: One of the factors that increase aggregate demand is the consumption of more imports.

B. False

If net exports decrease (exports - imports), then the aggregate demand curve will shift to the left, which means it will decrease.

Statement 3: If the value of people's stock portfolios increases or if peoples houses appreciate in value, then this very easily could lead to an increase in aggregated demand.

A. True

This would lead to an increase in the net worth of households, which generally leads to higher spending.

Part of implementing Quality Windows Limited new enterprise resource planning (ERP) software is ensuring all workstations and servers run secure applications. Since the ERP software is new, Quality Windows Limited needs a new policy to set security requirements for the software. This policy will guide administrators in developing procedures to ensure all client and server software is as secure as possible. The goal is to minimize exposure to threats to any part of the new ERP software or resources related to it.

Describe the goals that define a secure application. Specifically, you will write two policies to ensure Web browsers and Web servers are secure. All procedures and guidelines will be designed to fulfill the policies you create.

Answer the following questions for Web browser and Web server software:

a. What functions should this software application provide?
b. What functions should this software application prohibit?
c. What controls are necessary to ensure this applications software operates as intended?
d. What steps are necessary to validate that the software operates as intended?

Answers

Answer:

A)i) web browser software :

ii) web server software :

B) i) Web browser software: Auto-download updates and Tracking functionality

ii) web server software : unauthorized access and unsecure connection from web browse

C) i) Legal and regulatory controls

ii) Access controls

D) i) Validation process -

ii) Define Requirements-

iii) Develop:

iv)Testing: Test what has been developed

v) Review/Management :

Explanation:

A ) Functions that the software application should provide

i) web browser software : This functions requires the software to make requests from the relevant web pages and sending them to the web server software application and serve it up to customers

ii) web server software : This function means that the software should be able to store, process and deliver web pages to web browser applications’.

B) Functions that this software application should prohibit

i) Web browser software: Auto-download updates and Tracking functionality

ii) web server software : unauthorized access and unsecure connection from web browser

C) Controls that are necessary to ensure application software operates as intended

i) Legal and regulatory controls such as privacy laws, and copyright policies will help the software operate smoothly

ii) Access controls such as user authentication when a user is trying to login is very vital for the security of the user

D Steps necessary to validate that the software operates as intended

i) Validation process - The validation process is the first step which is intended to implement plans that identifies who has access to the software, what is been done on the software, and where the software is going to be accessed from.

ii) Define Requirements- defining the functions of the software and what the system can't do as well

iii) Develop: after Defining the requirements the next step is to develop the software in line with the defined requirements

iv)Testing: Test what has been developed

v) Review/Management : After successful testing of the product/software a review of the whole process before commercializing it is required as well

Pham can work as many or as few hours as she wants at the college bookstore for $12 per hour. But due to her hectic schedule, she has just 15 hours per week that she can spend working at either the bookstore or other potential jobs. One potential job, at a café, will pay her $15 per hour for up to 6 hours per week. She has another job offer at a garage that will pay her $13 an hour for up to 5 hours per week. And she has a potential job at a daycare center that will pay her $11.50 per hour for as many hours as she can work.

If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?

Answers

Answer:

4 hours

Explanation:

For Pham to maximize her income, she must consider the jobs with the highest per-hour earnings first. She has 15 hours to work. Her priorities should be as below.

Work at the cafe for 6 hours for $15 per hourWork at the garage for 5 hours for $13 per hourWork at the books store for 4 hours for $12 per hour

A total of 15 hours. Pham can work at the book store for 4 hours per week to maximize her income.

Pham will have to work 4 hour per week at the bookstore to maximize her pay.

Given data

Total number of hours available per week = 15 hours

Cafe will pay her $15 per hour up to 6 hoursGarage offers $13 per hour up to 5 hoursDycare Centre offers $11.50 per hours for as long as she can work

Out of the potential job, only the cafe and garage centre pay is more than the pay of bookstore

Hence, in order to maximize the amount of money, Pham have to devote 6 hours at the cafe, 5 hours at the garage centre and remaining 4 hours at bookstore,

In this way, the amount of money she will receives will be at maximum.

Working at Cafe she will make $15 * 6 = $90 Working at Garage centre she will make $13 * 5 = $65Working at Bookstore she will make $12*4 = $48

Total amount she will earn = $90 + $65 + $48

Total amount she will earn = $203

Therefore, Pham will have to work 4 hour per week at the bookstore to maximize her pay.

Answers

Answer:

a) expected revenue = 20,000 tons x $600 = $12,000,000 per year

initial investment = $3,000,000 + $300,000 = $3,300,000

contribution margin per unit = $600 - $450 = $150

total contribution margin = $150 x 20,000 = $3,000,000

annual fixed costs = $850,000

depreciation expense per year = $750,000

tax rate = 38%

required return rate = 18%

after tax salvage value = $280,000 x (1 - 38%) = $173,600

NCF₀ = -$3,300,000

NCF₁ = [($3,000,000 - $850,000 - $750,000) x 0.62] + $750,000 = $1,618,000

NCF₂ = $1,618,000

NCF₃ = $1,618,000

NCF₄ = $1,618,000 + $300,000 + $173,600 = $2,091,600

NPV = $1,296,797.61

IRR = 36.36%

b) our best case scenario:

expected revenue = 20,000 tons x $660 = $13,200,000 per year

initial investment = $2,550,000 + $285,000 = $2,835,000

contribution margin per unit = $660 - $450 = $210

total contribution margin = $210 x 20,000 = $4,200,000

annual fixed costs = $850,000

depreciation expense per year = $637,500

tax rate = 38%

required return rate = 18%

after tax salvage value = $322,000 x (1 - 38%) = $199,640

NCF₀ = -$2,835,000

NCF₁ = [($4,200,000 - $850,000 - $637,500) x 0.62] + $637,500 = $2,319,250

NCF₂ = $2,319,250

NCF₃ = $2,319,250

NCF₄ = $2,319,250 + $285,000 + $199,640 = $2,803,890

NPV = $3,655,445.13

IRR = 74.34%

our worst case scenario:

expected revenue = 20,000 tons x $540 = $10,800,000 per year

initial investment = $3,450,000 + $315,000 = $3,765,000

contribution margin per unit = $540 - $450 = $90

total contribution margin = $90 x 20,000 = $1,800,000

annual fixed costs = $850,000

depreciation expense per year = $862,500

tax rate = 38%

required return rate = 18%

after tax salvage value = $238,000 x (1 - 38%) = $147,560

NCF₀ = -$3,765,000

NCF₁ = [($1,800,000 - $850,000 - $862,500) x 0.62] + $862,500 = $916,750

NCF₂ = $916,750

NCF₃ = $916,750

NCF₄ = $916,750 + $315,000 + $147,560 = $1,379,310

NPV = -$1,060,302.54

IRR = 3.56%

Help me please thank you

Answers

Answer:

You have to be intelligent, risk taking and you haver to care about your people.

Explanation:

At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

WIP beginning (60% for conversion) 17,500 units
Units started 114,500 units
Units completed and transferred out 111,700 units
WIP ending (30% for conversion) 20,300 units
Beginning WIP direct materials $22,300
Beginning WIP conversion costs $19,700
Costs of materials added $370,000
Costs of conversion added $280,000

What is the total cost of units completed and transferred out?

Answers

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300 × 30%

= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

= 19,700 + 280,000

= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

. Suppose you bought 100 shares of stock at an initial price of $37 per share. The stock paid a dividend of $0.28 per share during the following year, and the share price at the end of the year was $41. (1) What is your total dollar return on this investment

Answers

Answer: $428

Explanation:

From the question, we are informed that one bought 100 shares of stock at an initial price of $37 per share and that the stock paid a dividend of $0.28 per share during the following year, and the share price at the end of the year was $41.

The total dollar return on this investment will be calculated as:

= 100(41 - 37 + 0.28)

= $428

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $722. Selected data for the company’s operations last year follow:

Units in beginning inventory 0
Units produced 23,000
Units sold 20,000
Units in ending inventory 3,000

Variable costs per unit:
Direct materials $180
Direct labor $340
Variable manufacturing overhead $51
Variable selling and administrative $18

Fixed costs:
Fixed manufacturing overhead $940,000
Fixed selling and administrative $820,000

Required:
a. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.
b. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Answers

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Absorption costing:

Unitary fixed overhead= 940,000/23,000= $40.87

Unitary production cost= 180 + 340 + 51 +40.87

Unitary production cost= $610.87

Variable costing:

Unitary production cost= 180 + 340 + 51

Unitary production cost=$571

The absorption costing method includes all costs related to production and variable costs includes all variable production costs.

What are absorption costs?

Absorption costs, also known as absorption costs, are a management calculation method that combines both highly flexible and adjusted cost to produce a particular product.

Knowing the full cost of production per unit enables manufacturers to price their products.

Calculation of Production costs assuming that the method of Absorption costing:

[tex]\rm\,Unitary \;Fixed \;Overhead= \dfrac{\$940,000}{23,000}\\\\Unitary \;Fixed \;Overhead== \$40.87 \;per \;unit\\\\Unitary \;Production \;Cost= (180 + 340 + 51 +40.87)\\\\Unitary \; Production \;Cost= \$610.87[/tex]

b) Calculation of production costs by variable costing method:

[tex]\rm\,Unitary \; Production \;Cost= (\$180 +\$340 + \$51)\\\\Unitary \;Production \;Cost=\$571[/tex]

Hence, The unit product cost for one gamelan by applying absorption costing is $610.87 and by variable costing is $571.

Learn more about Absorption costing:

https://brainly.com/question/15878088

Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates:

Activity Cost Pool Activity Rates

Labor-related $5.00 per direct labor-hour
Machine-related $10.00 per machine-hour
Machine setups $30.00 per setup
Production orders $200.00 per order
Shipments $140.00 per shipment
General factory $10.00 per direct labor-hour

Cost and activity data have been supplied for the following products:

J78 B52
Direct materials cost per unit $5.50 $20.00
Direct labor cost per unit $4.25 $7.00
Number of units produced per year 2,000 200

Total Expected Activity
J78 B52
Direct labor-hours 1,500 50
Machine-hours 2,600 30
Machine setups 6 1
Production orders 8 1
Shipments 8 1

Required:
Compute the unit product cost of each product listed above.

Answers

Answer:

J78= $35.45

B52= $34.2

Explanation:

First, we need to allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

J78:

Labor-related= 5*1,500= 7,500

Machine-related= 10*2,600= 26,000

Machine setups= 30*6= 180

Production orders= 200*8= 1,600

Shipments= 140*8= 1,120

General factory= 10*1,500= 15,000

Total allocated overhead= $51,400

Unitary allocated overhead= 51,400/2,000= $25.7

B52:

Labor-related= 5*50= 250

Machine-related= 10*30= 300

Machine setups= 30*1= 30

Production orders= 200*1= 200

Shipments= 140*1= 140

General factory= 10*50= 500

Total allocated overhead= $1,420

Unitary allocated overhead= 1,420/200= $7.1

Finally, the unitary cost:

J78= 5.5 + 4.2 + 25.7= $35.45

B52= 20 + 7 + 7.2= $34.2

Banana Computer Company sells Banana Computers both in the domestic and foreign markets. Because of the differences in the power supplies, a Banana computer purchased in one market cannot be used in the other market. This means that the company can use third degree price discrimination in order to maximize profits. Let’s suppose that it costs $1,000 to produce each computer (this is marginal and average cost). Let’s suppose further that the domestic and foreign demand curves are given as follows (the subscript "F" denotes "foreign" while the subscript "D" is used to denote "domestic"):

PD=13,000 -20QD
PF= 17,000-40QF

Required:
a. What prices maximize profits for this firm? How many computers do they sell in each market? How much profit does the company earn?
b. Now, suppose that somebody figured out a wiring trick that allows a Banana computer built for either market to be costlessly converted so that it works in the other market. This destroys the company's ability to practice third degree price discrimination and forces them to charge the same price in both markets. What price maximizes the company's profits now? How many computers will they sell in each location? How much profit does the company earn?

Answers

Answer:

with price discrimination

Domestic Price 7,000 Quantity 300

Profit (7,000 - 1,000) * 300 = 1,800,000

Foreing Price 9,000 Quantity 200

Profit (9,000 - 1,000) * 200 = 1,600,000

Total 1,600,000 + 1,800,000 = 3,400,000

no price discrimination:

Price 7,667 Quantity 500

Profit (7,667 - 1,000) x 500 = 3,333,500

Explanation:

Sales Revenue (Domestic)

[tex]R = P \times Q_d = (13,000 - 20Q_d) \times Q_d = -20Q_d^2 + 13,000Q_d\\R' = \frac{dR_{(q)}}{dq} = 13,000 - 40Q_d[/tex]

We now equalice against Marginal Cost:

13,000 - 40Qd = 1,000

Qd = 12,000/40 = 300

Price: 13,000 - 20(300) = 7,000

We do the same process with Foreing demand:

(17,000 - 40Qf) x Qf = -40Qf^2 + 17,000Qf

R' = -80Qf + 17,000

-80Qf + 17,000 = 1,000

Qf = 16,000/80 = 200

Pf = 17,000 - 40(200) = 9,000

If the company cannot do price discrimination then:

We solve for the inverse of both market:

PD=13,000 -20QD

QD = 650 - PD/20

we take the price restrictions:

PD < 13,000

PF= 17,000-40QF

QF = (17,000 - PF)/40 = 425

QF = 425 - PF/40

PF < 17,000

Now, we aggregate the demands:

(650 -P/20 ) + (425 -P/40) =

Q= 1,075 - 0.075P

Make the inverse

P = (1,075 - Q ) / 0.075 = 14.333,33 -13.33Q

And solve for the Quantiy and Price that maximize profit

R = (14.333,33 -13.33Q) x Q = -13.33Q^2 + 14,333.33Q

R' = R(q)/dq = -26.66Q + 14,333.33

-26.66Q + 14,333.33 = 1,000

Q = 500

P = 14,333.33 - 13.33(500) = 7,667

At year-end, Marshall Enterprise's Factory Overhead account has a credit balance of $5,000, which is not a material amount. What entry should Marshall make at year-end

Answers

Answer:

Factory overheads $5,000 - Debit

Cost of goods sold $5,000 - Credit

Explanation:

Credit balance of overheads means over-applied overheads. Hence, when it is not material amount, it will be closed in Cost of goods sold account.

Date Accounts title and explanation Debit Credit

Factory Overheads $5,000

Cost of goods sold $5,000

(For closing the overheads credit balance)

f Europe has a real GDP growth rate of 5%, and the United States has a real GDP growth rate of 6%, while money growth in Europe is 7%, and money growth in the United States is 5%, what would the monetary exchange rate model predict for exchange rates in the long run

Answers

Answer:

the dollar will appreciate by 3% against the euro

Explanation:

long run change in the exchange rate = (growth rate money supply Europe - growth rate money supply US) - (growth rate real GDP Europe - growth rate real GDP US) = (7% - 5%) - (5% - 6%) = 2% - (-1%) = 2% + 1% = 3%

This is a very simplistic approach to the monetary exchange rate model, but since we are given only this information, it's all that we can use.

The stockholders’ equity accounts of Castle Corporation on January 1, 2020, were as follows.
Preferred Stock (8%, $50 par, 10,000 shares authorized) $400,000
Common Stock ($1 stated value, 2,000,000 shares authorized) 1,000,000
Paid-in Capital in Excess of Par—Preferred Stock 100,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,450,000
Retained Earnings 1,816,000
Treasury Stock (10,000 common shares) 50,000
During 2020, the corporation had the following transactions and events pertaining to its stockholders’ equity.
Feb. 1 Issued 25,000 shares of common stock for $120,000.
Apr. 14 Sold 6,000 shares of treasury stock—common for $33,000.
Sept. 3 Issued 5,000 shares of common stock for a patent valued at $35,000.
Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6,000.
Dec. 31 Determined that net income for the year was $452,000.
Instructions:
A) Journalize the transactions and the closing entry for net income.
B) Enter the beginning balances in the accounts, and post the journal entries to the stockholders’ equity accounts. (Use J5 for the posting reference.)
C) Prepare a stockholders’ equity section at December 31, 2017.

Answers

Answer:

Castle Corporation

A) Journal Entries:

Feb. 1:

Debit Cash Account $120,000

Credit Common Stock $25,000

Credit Paid-in Capital in Excess of Stated Value—Common Stock $95,000

To record the issue of 25,000 common stock shares for $120,000

Apr. 14:

Debit Cash Account $33,000

Credit Treasury Stock $33,000

To record the reissue of 6,000 shares of treasury stock- common for $33,000.

Sept. 3:

Debit Patent $35,000

Credit Common Stock $5,000

Credit Paid-in Capital in Excess of Stated Value—Common Stock $30,000

To record the issue of common stock shares for a patent valued at $35,000

Nov. 10:

Debit Treasury Stock $6,000

Credit Cash $6,000

To record the purchase of treasury stock for $6,000

Dec. 31:

Debit Net Income (Income Statement) $452,000

Credit Retained Earnings $452,000

To close the net income on the income statement to the Statement of retained earnings.

B) Stockholders' Equity Accounts:

Preferred Stock (8%, $50 par, 10,000 shares authorized)