Best practices that companies can adopt from other companies or other business units/departments are sharing processes, sharing knowledge, and sharing services.
However, they should not adopt shared exp in their business process. A shared expense is an expense that is shared between two or more individuals or organizations. This is done to reduce the overall cost of a particular item or service. For example, if two companies are sharing an office space, they may decide to split the rent and utilities evenly, rather than each company paying the full amount.
This can help both companies save money on their expenses. However, shared expenses can also lead to conflicts and disagreements, especially if the two parties have different ideas about how the expense should be split. In general, it is best for companies to avoid shared expenses unless it is absolutely necessary. Instead, they should focus on sharing processes, knowledge, and services, which can help them to streamline their operations, improve their products and services, and reduce costs in the long run.
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Write a 700- to 1,050-word academic paper in MS Word which you explain operation management's role in business today.
Include the following:
· Define operations management.
· Discuss the key factors that have contributed to the evolution of operations management.
· Explain how operations management's role is applied to achieving an organization's strategy.
NOTE: Word count does not include cover page, subject header, page numbers, in-text citations, direct quotes, charts, bibliography, and references. Write in third person unless indicated to write in first person.
Format your paper consistent with APA guidelines.
Utilize and properly cite at least two academic peer-reviewed references in the paper. Make sure to have in-text citations match the reference list.
Submit the assignment (attached as MS Word document).
Grading Rubric: 70% Content; 15% Style; and Readability 15% Mechanics (Make sure to review the grading rubric for this assignment)
IMPORTANT: Make sure to review your assignment submission for content similarity on Safe Assign before submission. Assignment is preferred to have no more than 10% content similarity.
Operations management is vital in modern business as it enables organizations to effectively manage resources, adapt to changing environments, and achieve strategic goals.
Operations management plays a crucial role in business today by overseeing the design, control, and improvement of processes used to produce and deliver goods and services. It involves managing resources, such as materials, labor, and technology, to ensure efficiency and effectiveness in the production and delivery of products.
- Defining operations management: Operations management involves planning, organizing, and controlling the various activities within an organization to achieve desired outcomes. It encompasses strategic decision-making, process design, resource allocation, quality management, and supply chain management.
- Factors contributing to the evolution of operations management: Several factors have shaped the evolution of operations management. These include globalization, advances in technology, changing customer expectations, increased competition, and the need for sustainability. Globalization has expanded markets and supply chains, requiring operations managers to adapt to new cultural, legal, and logistical challenges. Technological advancements have revolutionized processes, enabling automation, data analytics, and real-time monitoring. Changing customer expectations have driven a shift towards customization and faster delivery. Increased competition necessitates continuous improvement and cost reduction efforts. Lastly, sustainability considerations have led to the integration of environmentally friendly practices in operations.
- Applying operations management to achieve organizational strategy: Operations management is crucial in aligning the operational activities with the organization's overall strategy. It involves translating strategic goals into operational objectives and designing processes to achieve them. For example, if an organization's strategy is to provide exceptional customer service, operations management would focus on developing efficient service delivery processes, training employees, and implementing quality control measures. By continuously improving operations, operations management contributes to achieving strategic objectives, such as cost leadership, differentiation, or innovation.
In conclusion, operations management is vital in modern business as it enables organizations to effectively manage resources, adapt to changing environments, and achieve strategic goals. By understanding the principles and concepts of operations management, organizations can enhance their competitiveness and deliver value to customers.
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Conrad Playground Supply underwent a restructuring in 2013. The company conducted a thorough internal audit, during which the following facts were discovered. The audit occurred during 2013 before any adjusting entries or closing entries are prepared.
a.
Additional computers were acquired at the beginning of 2011 and added to the company
The discovery of the additional computers during the audit provides insights into the company's assets and helps in evaluating its financial position.
During the internal audit conducted by Conrad Playground Supply in 2013, it was discovered that additional computers were acquired at the beginning of 2011 and added to the company's assets.
This means that in 2011, the company purchased more computers and included them as part of their computer inventory or fixed assets. These computers are likely to be used in the company's operations and contribute to its overall productivity.
Adding these computers to the company's assets has financial implications. The value of the computers would be recorded as an increase in the company's assets on the balance sheet. This reflects the additional value and resources the company has acquired.
It is important to note that this information was discovered during the internal audit in 2013, before any adjusting entries or closing entries were prepared. Adjusting entries are made at the end of an accounting period to ensure that financial statements accurately represent the company's financial position. Closing entries, on the other hand, are made at the end of an accounting period to transfer temporary accounts' balances to the permanent accounts.
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Country C spends resources building long-term projects like roads and subways. This type of investment is called a(n) good. capital consumer inferior financial opportunity For each of the following statements, determine if it is positive or normative. College A is a great college. College A has the lowest tuition rate is the country. It will snow tomorrow. The government should increase the interest rate. The government has increased spending on education by 15%. Every college student should take economics classes.
Country C spends resources building long-term projects like roads and subways. This type of investment is called a capital good.
What is a capital good?A capital good is defined as a physical good such as a machine or a factory that is utilized to create consumer products or services.
Capital goods are typically thought of as one of the three main factors of production, along with land and labor.
A positive statement is one that can be tested and verified while a normative statement is one that expresses an opinion.
Here is how the given statements can be categorized as positive or normative:
Positive statement: College A has the lowest tuition rate in the country. It will snow tomorrow. The government has increased spending on education by 15%.
Normative statement: College A is a great college. The government should increase the interest rate. Every college student should take economics classes.
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a loan estimate allows you to easily compare mortgage offers from different lenders. T/F
True. A loan estimate is a standardized document that lenders are required to provide to borrowers within three days of receiving a loan application.
The loan estimate includes information about the loan amount, interest rate, fees, and other costs associated with the loan. This information can be used to compare mortgage offers from different lenders and to determine which offer is the best fit for your needs.
It is important to note that a loan estimate is just an estimate. The actual terms of the loan may change before closing. However, the loan estimate is a good starting point for comparing mortgage offers and making sure that you are getting the best deal.
Here are some tips for comparing mortgage offers:
Get loan estimates from at least three lenders.
Compare the interest rate, APR, fees, and other costs.
Make sure that you understand the terms of the loan.
Ask questions if you have any concerns.
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A brief overview of your professional orientation ( accounting) and What are the ethics in the accounting workplace?
As an accountant, my professional orientation is focused on providing financial information that is reliable, accurate, and useful to clients and stakeholders. This involves a range of tasks such as record-keeping, financial analysis, and reporting, all of which require a high degree of attention to detail, technical expertise, and ethical conduct.
In the accounting workplace, ethics are an essential component of professional practice, and are governed by a set of ethical principles and standards. These standards include integrity, objectivity, confidentiality, and professional competence, all of which are designed to ensure that accountants act in the best interests of their clients and the public.In order to maintain high ethical standards in the accounting workplace, accountants must be committed to ongoing professional development, ethical decision-making, and transparency in their work.
This requires a strong understanding of the ethical principles and standards that govern the profession, as well as a willingness to engage in self-reflection and critique in order to identify and address ethical challenges and dilemmas.In addition to these individual responsibilities, the accounting workplace also has a responsibility to create and maintain an ethical culture that promotes honesty, transparency, and accountability at all levels of the organization.
In conclusion, ethics are an essential component of the accounting profession, and are critical to ensuring the reliability, accuracy, and usefulness of financial information.
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Americo's EPS Sensitivity to Exchange Rates (B). Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has 652,000 shares outstanding. The basic operating characteristics of the various business units is as follows: (Click on theicon to import the table into a spreadsheet.) Braziliarn Subsidiary (RS) R$6,280 25% R$1.7345/S German Subsidiary Chinese Subsidiary U.S. Parent (USS) $4,540 35% Business Performance (000s) Earnings before taxes (EBT) Corporate income tax rate Average exchange rate for the period 4,470 40% 0.7079S Y2.490 30% 17.7636/ Americo must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? b. Assume a major political crisis wracks Brazil, first affecting the value of the Brazilian reais and, subsequently, inducing an economic recession within the country. What would be the impact on Americo's consolidated EPS if the Brazilian reais were to fall in value to R$3.052/S, earnings before taxes in Brazil fell as a result of the recession to R$5,730,000? a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Business Performance (000s) Earnings before taxes (local currency) Less corporate income taxes Company $ Earnings before taxes (local currency) $ Less corporate income taxes Net profits of individual subsidiary Avg exchange rate for the period (fc/S) Net profits of individual subsidiary $
U.S. Parent (USS) $4,540 35% Business Performance (000s) Earnings before taxes (EBT) Corporate income tax rate Average exchange rate for the period $6,105,739.99$9.36EPS falls to $9.36.
After deducting taxes in each country, Americo's consolidated earnings and consolidated earnings per share in US dollars are:
Consolidated earnings = $ 4,540,000 * (1 - 0.35) / 0.7079S + R$6,280,000 * (1 - 0.25) / 1.7345S + €4,470,000 * (1 - 0.40) / 0.8413S + Y2,490,000 * (1 - 0.30) / 17.7636/
= $ 2,719,008.76
Consolidated earnings per share = $2,719,008.76 / 652,000 shares
= $4.16
The impact on Americo's consolidated EPS if the Brazilian reais were to fall in value to R$3.052/S, earnings before taxes in Brazil fell as a result of the recession to R$5,730,000 would be:
Brazilian Subsidiary (RS) R$5,730 25% R$
3.052/S-0.0403 (-1.56%)
German Subsidiary €4,470 40% €1.0994/
$+0.0061 (0.56%)
Chinese Subsidiary Y2,490 30% Y6.3666/$-0.0259 (-0.41%)
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let h be the set of all points in the xy-plane having at least one nonzero coordinate:
Consider h to be the set of all points in the xy-plane that have at least one non-zero coordinate. As such, we can consider that h will have three subsets, based on which coordinate is non-zero. That is: h = h1 ∪ h2 ∪ h3 where h1 = {(x, y) ∈ R2 : x ≠ 0, y = 0},h2 = {(x, y) ∈ R2 : x = 0, y ≠ 0}, and h3 = {(x, y) ∈ R2 : x ≠ 0, y ≠ 0}.
If we consider the first subset, h1, it is the x-axis minus the origin. As such, h1 is a line and can be considered to be a subspace of R2. Similarly, the second subset, h2, is the y-axis minus the origin and is also a subspace of R2.The third subset, h3, has points that do not lie on either axis. For any point (x, y) in h3, we can find a vector in h3 by subtracting (0, 0) from (x, y), that is, by taking the point as a vector. Thus, h3 can be thought of as the union of all the vectors that do not lie on either axis.
Since a subspace of R2 is a non-empty set that is closed under addition and scalar multiplication, h1 and h2 are subspaces of R2. However, h3 is not a subspace of R2, as it is not closed under scalar multiplication. For example, if we take the vector (1, 1) from h3, then 2(1, 1) = (2, 2), which is not in h3. Thus, h is a union of two subspaces and a non-subspace, and it is not a subspace itself.
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An
organizations inventory level should be dictated primarily by:
a. Transportation lead times
b. Minimizing days of supply
c. Maximizing inventory turnover
d. Organizational Strategy
The primary factor dictating an organization's inventory level is its organizational strategy (d). Organizational strategy encompasses the overall goals and objectives of the organization, as well as its competitive positioning in the market.
The inventory level should align with the strategic goals of the organization, such as ensuring customer satisfaction, minimizing costs, or optimizing production efficiency. Transportation lead times (a) can be a consideration in managing inventory, as longer lead times may necessitate maintaining higher levels of inventory to meet customer demand. However, transportation lead times alone should not be the sole determinant of inventory levels. Minimizing days of supply (b) is important in avoiding excess inventory and reducing carrying costs. However, it is not the primary driver of inventory levels, as maintaining a certain level of inventory is often necessary to meet customer demand and ensure operational continuity.
Maximizing inventory turnover (c) is important for efficient inventory management, as it indicates how quickly inventory is sold and replaced. However, again, it is not the primary factor dictating inventory levels. In summary, while transportation lead times, days of supply, and inventory turnover are all relevant considerations, an organization's inventory level should primarily be dictated by its organizational strategy.
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The aggregate demand curve for an economy is:
Group of answer choices
U-shaped.
downward sloping.
upward sloping.
an inverted U-shape.
The aggregate demand curve for an economy is generally downward sloping. Option B is the correct answer.
There are a few key reasons for this downward slope of the aggregate demand curve:
Wealth Effect: When the price level decreases, the real value of wealth held by households increases. As a result, households feel more financially secure and confident, leading to higher consumption spending. Interest Rate Effect: When the price level decreases, the interest rates in the economy tend to decrease as well. Lower interest rates incentivize borrowing and investment, leading to increased business investment and consumer spending. International Trade Effect: A decrease in the price level makes domestically produced goods and services relatively cheaper compared to foreign goods. This leads to an increase in exports and a decrease in imports, stimulating demand for domestic goods and services.For such more question on economy:
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three companies sell their apple juice in different-sized bottles. jade is calculating the unit prices of each bottle and will consider the one with the lowest unit cost to be the best buy. which action will cause jade to identify the best buy?
Jade should compare the unit prices of each company's apple juice bottles and choose the one with the lowest unit cost.
To identify the best buy, Jade needs to calculate the unit price of each company's apple juice bottles.
The unit price is determined by dividing the price of the bottle by its volume. Jade should compare the unit prices of all three companies and select the one with the lowest unit cost. This means that Jade should consider the bottle that provides the most apple juice for the least amount of money. By performing this comparison, Jade can accurately identify the best buy among the different-sized bottles of apple juice sold by the three companies.
three companies sell their apple juice in different-sized bottles. jade is calculating the unit prices of each bottle and will consider the one with the lowest unit cost to be the best buy.
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300 people camp on the sidewalk in 10 degree weather for Phish reunion concert tickets," In the economic way of thinking the people camping out are ______
In the economic way of thinking, the people camping out in the given scenario can be seen as demonstrating high demand or exhibiting a strong preference for Phish reunion concert tickets.
The people camping out in the given scenario demonstrate high demand for Phish reunion concert tickets due to their willingness to endure unfavorable conditions, such as camping on the sidewalk in 10-degree weather, in order to secure the tickets. This behavior indicates a strong preference for attending the concert, as individuals are willing to sacrifice their comfort and endure hardships to obtain the tickets. Their actions reflect the economic principle of revealed preferences, where individuals' choices and behaviors reveal their underlying preferences and values. In this case, the willingness to camp out in adverse conditions suggests a high level of demand and a strong desire to attend the concert.
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A firm has credit sales of $178,000 yearly with credit terms 35 days that is also the average collection period and no discount for early payment. Now it considers new trade terms of 2/13 net 35 days. The firm finances short-term assets at the bank at a cost of 10. 5 percent annually. A. What is the receivables turnover?. Number Round your answer to integer value b. What would be the incremental decrease in account receivables if the new trade terms are accepted by all customers? $ Number Round your answer to two decimals c. What is the opportunity cost of funds? s Number Round your answer to two decimals
The receivables turnover for the firm is approximately 10 times per year. If the new trade terms are accepted, there would be a decrease of $1,257.14 in account receivables. The opportunity cost of funds is approximately $3,238.10.
The receivables turnover is calculated by dividing the credit sales by the average accounts receivable. In this case, the credit sales are $178,000 and the average collection period is given as 35 days, which means the receivables turnover is approximately 10 times per year (365 days divided by 35 days).
To calculate the incremental decrease in account receivables if the new trade terms are accepted, we need to consider the cash discount of 2% offered for early payment. The credit period remains the same at 35 days. By multiplying the credit sales by the cash discount rate of 2%, we find that the incremental decrease in account receivables would be $1,257.14.
The opportunity cost of funds is the cost incurred by the firm for financing its short-term assets at the bank. Given that the cost is 10.5% annually, we can calculate the opportunity cost by multiplying the incremental decrease in account receivables ($1,257.14) by the annual financing cost rate (10.5%). Therefore, the opportunity cost of funds is approximately $3,238.10. This represents the potential loss in interest earnings if the firm chooses to accept the new trade terms and receives early payments, resulting in reduced account receivables.
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For an economy with a marginal propensity to consume of \( 0.8 \), and a tax rate of \( 0.2 \), what is the multiplier closest to? Select one: a. 2 b. 3 C. 5 d. 4
Option (b), Multiplier is a term in economics which refers to the ratio of the change in the equilibrium level of output to a change in any autonomous variable that is, investment, government spending, exports or consumption expenditure.
The marginal propensity to consume (MPC) is the proportion of the increase in disposable income that people choose to spend. It's a ratio of how much people increase their spending when they receive an additional unit of income. MPC is calculated as the change in consumption divided by the change in income.
Let's calculate the multiplier for an economy with a marginal propensity to consume of \( 0.8 \), and a tax rate of \( 0.2 \). The formula to calculate the multiplier is given as:
Multiplier = 1 / (1 - MPC(1 - t))
Where t is the tax rate and MPC is the marginal propensity to consume.
Substituting the given values in the above formula, we get;
Multiplier = 1 / (1 - MPC(1 - t))
Multiplier = 1 / (1 - 0.8(1 - 0.2)) = 1 / (1 - 0.8(0.8)) = 1 / 0.36 = 2.78 ≈ 3
Therefore, the closest value of the multiplier is 3.
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A company shows the following profile:
current year credit sales is $300,000
credit sales returns and allowances is $20,000
sales discount on credit sales is $10,000
accounts receivable is $60,000
allowance for doubtful accounts is $10,000
The prior year accounts receivable is $70,000 and allowance for doubtful accounts is $20,000.
What is the current year accounts receivable turnover ratio?
To calculate the accounts receivable turnover ratio, we need to use the formula:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
First, we need to calculate the net credit sales for the current year:
Net Credit Sales = Credit Sales - Sales Returns and Allowances - Sales Discounts
Net Credit Sales = $300,000 - $20,000 - $10,000
Net Credit Sales = $270,000
Next, we need to calculate the average accounts receivable:
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Average Accounts Receivable = ($70,000 + $60,000) / 2
Average Accounts Receivable = $65,000
Now we can calculate the accounts receivable turnover ratio:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
Accounts Receivable Turnover Ratio = $270,000 / $65,000
Accounts Receivable Turnover Ratio = 4.15
Therefore, the current year accounts receivable turnover ratio is approximately 4.15.
Exercise 10-5 Return on Investment (ROI) [LO10-1]
Provide the missing data in the following table for a
distributor of martial arts products: (Round "Turnover" and
"ROI" answers to 1 decimal place.)
Given the information provided, we need to fill in missing data in the Martial Arts Products Distributor table. The table includes information on Sales, Operating Assets, and ROI (Return on Investment).
Calculation for Year 1:
Net sales for Year 1: $800,000
Operating assets for Year 1: $200,000
Turnover Calculation:
Turnover = Net sales / Average operating assets = $800,000 / $200,000 = 4
Net Profit Calculation:
Net Profit = 6% × $200,000 = $12,000
ROI Calculation:
ROI = (Net Profit / Total Investment) × 100
Total investment = Average operating assets = $200,000
ROI = ($12,000 / $200,000) × 100 = 6%
Year 1 table entry:
Missing Data
Sales: $800,000
Operating Assets: $200,000
ROI: 6%
Calculation for Year 2:
Net sales for Year 2: $1,000,000
Operating assets for Year 2: $300,000
Turnover Calculation:
Turnover = Net sales / Average operating assets = $1,000,000 / $300,000 = 3.33 (approx.)
Net Profit Calculation:
Net Profit = 8% × $300,000 = $24,000
ROI Calculation:
ROI = (Net Profit / Total Investment) × 100
Total investment = Average operating assets = $300,000
ROI = ($24,000 / $300,000) × 100 = 8%
Year 2 table entry:
Missing Data
Sales: $1,000,000
Operating Assets: $300,000
ROI: 8%
Calculation for Year 3:
Net sales for Year 3: $1,400,000
Operating assets Calculation:
Operating assets = Turnover × Average operating assets = 3.33 × $300,000 = $999,000 (approx.)
Net Profit Calculation:
Net Profit = 20% × $999,000 = $199,800
ROI Calculation:
ROI = (Net Profit / Total Investment) × 100
Total investment = Average operating assets = $999,000
ROI = ($199,800 / $999,000) × 100 = 20%
Year 3 table entry:
Missing Data
Sales: $1,400,000
Operating Assets: $999,000
ROI: 20%
In conclusion, the filled table is as follows:
Sales | Operating Assets | ROI
Year 1 | $800,000 | $200,000 | 6%
Year 2 | $1,000,000 | $300,000 | 8%
Year 3 | $1,400,000 | $999,000 | 20%
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biscuit Manufacturing Company can make 100 units of a necessary component part with the following costs: direct materials $1370000
direct labour 28000
variable overhead 54000
fixed overhead 38000
If biscuit Manufacturing Company can purchase the component externally for $205000 and only $8000 of the fixed costs can be avoided, what is the correct make-or-buy decision? a. Buy and save $22000 b. Buy and save $2000 c. Make and save $22000 d. Make and save $2000
To make the correct make-or-buy decision, we need to compare the costs of making the component internally with the costs of buying it externally. The correct make-or-buy decision is (option d) Buy and save $1,247,000.
Given data:
Costs to make the component:
- Direct materials: $1,370,000
- Direct labor: $28,000
- Variable overhead: $54,000
- Fixed overhead (avoidable): $8,000
Cost to buy the component externally: $205,000
Fixed overhead (avoidable when buying): $8,000
Let's calculate the total costs for each option:
1. Make the component internally:
Total costs = Direct materials + Direct labor + Variable overhead + Fixed overhead
Total costs = $1,370,000 + $28,000 + $54,000 + $8,000
Total costs = $1,460,000
2. Buy the component externally:
Total costs = Cost to buy externally + Fixed overhead (avoidable when buying)
Total costs = $205,000 + $8,000
Total costs = $213,000
Now, let's compare the costs and savings:
Savings = Total costs (Make) - Total costs (Buy)
Savings = $1,460,000 - $213,000
Savings = $1,247,000
Since the savings are positive, it is more cost-effective to buy the component externally. The correct decision is to buy and save $1,247,000.
Therefore, the correct make-or-buy decision is (option d) Buy and save $1,247,000.
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Suppose the costs of duplicating processes A, B, and C are $80,000, $90,000, and $60,000. Which of the following is the least expensive approach to achieve a system reliability of at least 0.88?
Duplicate process B only.
Duplicate processes A and B.
Duplicate processes A and C.
Duplicate processes B and C.
We need to calculate the reliability associated with each approach and compare it to the target reliability level. The least expensive approach while achieving a system reliability of at least 0.88 is to duplicate process B only.
The formula to calculate the system reliability is as follows:
Reliability = 1 - (1 - Reliability of A) x (1 - Reliability of B) x (1 - Reliability of C)
Approach 1: Duplicate process B only.
Reliability of B = 0.93
Reliability = 1 - (1 - 0.93) x (1) x (1) = 0.93
Approach 2: Duplicate processes A and B.
Reliability of A = Reliability of B = 0.93
Reliability = 1 - (1 - 0.93) x (1 - 0.93) x (1) = 0.9949
Approach 3: Duplicate processes A and C.
Reliability of A = 0.93
Reliability of C = 0.85
Reliability = 1 - (1 - 0.93) x (1) x (1 - 0.85) = 0.9655
Approach 4: Duplicate processes B and C.
Reliability of B = 0.93
Reliability of C = 0.85
Reliability = 1 - (1) x (1 - 0.93) x (1 - 0.85) = 0.9525
Therefore, the least expensive approach while achieving a system reliability of at least 0.88 is to duplicate process B only.
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By definition, the Balance of Payments is:
Group of answer choices
the equilibrium result when two countries achieve purchasing power parity.
a summary of changes in exchange rates between two countries in a particular year.
a summary of all economic transactions between a country and all other countries, usually within a year.
All of the above are true answers to this question.
The Balance of Payments is a summary of all economic transactions between a country and all other countries, usually within a year. These economic transactions involve both visible and invisible items and represent an attempt to evaluate the relative strength and liquidity of a country in relation to other nations.
The balance of payments is essential in understanding the international financial position of a country.A Balance of Payment (BOP) is an accounting record of all monetary transactions between one country and all other countries over a specific period, often a year. The BOP includes all transactions in goods, services, and assets between individuals, firms, and government agencies in one country with those in other countries. It is divided into two parts: the current account and the capital account.
The current account represents the balance of trade (exports minus imports) and earnings from foreign investments. The capital account includes the purchase and sale of assets such as land, stocks, and bonds, as well as financial investments such as loans and bank deposits.
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write a research reflective paper about: THE EVOLUTION OF MORROCAN BANKING FACTS AND PERSPECTIVES You can use this a tip for your research (750 WORDS Mr.Moussaoui is member of the Board of Bank AlMaghrib since 2006.He was previously General Director and member of the Board of"Credit du Maroc".He taught in several Master programs among which the International Master"Bangue et Marches Financiers",a dual degree between "Universite Hasan ll"and"Universite Cantabria" in Spain.Mr.Moussaoui holds a Diplome des Etudes Superieures de Banque I.T.B.>from CNAM,Paris.
The Evolution of Moroccan Banking: Facts and Perspectives is a research reflective paper that explores the changes and advancements in the Moroccan banking industry over time.
This topic provides insights into the growth, development, and challenges faced by Moroccan banks.
In order to conduct comprehensive research on this subject, it is essential to consider various aspects such as historical background, key players, regulatory framework, and emerging trends.
One important figure in the Moroccan banking industry is Mr. Moussaoui, who has been a member of the Board of Bank AlMaghrib since 2006. Prior to this role, he served as the General Director and board member of "Credit du Maroc". Mr. Moussaoui's experience and expertise in the field make him a valuable source of information for understanding the evolution of Moroccan banking.
To begin the research, it would be beneficial to explore the historical context of Moroccan banking.
This includes understanding the establishment of the first banks in Morocco, their functions, and the role they played in the country's economic development.
Additionally, it would be important to consider any major milestones or events that have shaped the banking sector in Morocco.
Another key aspect to consider is the regulatory framework governing Moroccan banks.
This includes understanding the role of Bank AlMaghrib, which serves as the central bank of Morocco and is responsible for overseeing and regulating the banking industry.
Researching the policies and regulations implemented by Bank AlMaghrib would provide insights into the factors that have influenced the evolution of Moroccan banking.
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according to newman and newman (1985), which of the following components is not essential in successful adjustment to the workplace? group of answer choices development of interpersonal relationships with peers the use of technical skills application of knowledge obtained at the collegiate and/or graduate level development of authority relations
According to Newman and Newman (1985), the development of authority relations is not essential in successful adjustment to the workplace.
In Newman and Newman's research (1985), they identified various components that contribute to successful adjustment in the workplace. Among these components, the development of authority relations was not considered essential.
The other three components mentioned in the options are generally recognized as important factors for successful adjustment to the workplace:
1. Development of interpersonal relationships with peers: Building positive relationships with colleagues fosters a supportive and cooperative work environment, promoting effective communication and collaboration.
2. Use of technical skills: Having the necessary technical skills related to the job or profession is crucial for performing tasks competently and efficiently.
3. Application of knowledge obtained at the collegiate and/or graduate level: Applying the knowledge and skills acquired through education and training to real-world work situations is essential for productivity and success in the workplace.
While authority relations may play a role in certain work environments or hierarchical structures, Newman and Newman (1985) did not consider it an essential component for successful workplace adjustment.Newman and Newman (1985) conducted research on successful adjustment to the workplace and identified several key components. While I don't have access to the specific study, I can provide you with additional information on the components mentioned in the question and their significance in workplace adjustment:
1. Development of interpersonal relationships with peers: Building positive relationships with colleagues is important for various reasons. It contributes to a sense of belonging, enhances communication and teamwork, facilitates knowledge sharing, and fosters a supportive work environment. Interpersonal relationships can promote job satisfaction, reduce stress, and increase productivity.
2. Use of technical skills: Technical skills refer to the specific knowledge and abilities required to perform job tasks effectively. They can include technical expertise, proficiency with tools or software, and industry-specific knowledge. Utilizing technical skills is vital for successfully executing job responsibilities and meeting performance expectations.
3. Application of knowledge obtained at the collegiate and/or graduate level: The application of knowledge acquired through formal education is essential for workplace success. The ability to apply theoretical concepts to practical situations enables individuals to solve problems, make informed decisions, and contribute value to their organizations . Applying knowledge also helps bridge the gap between academic learning and real-world work scenarios.
Regarding the fourth component mentioned in the question, "development of authority relations," it is unclear why Newman and Newman (1985) did not consider it essential in successful workplace adjustment without further context. However, it is possible that they focused more on other factors such as collaboration, teamwork, and self-motivation rather than hierarchical authority relationships.
Keep in mind that the context and specific findings of the Newman and Newman (1985) study would provide a more comprehensive understanding of their research and the significance of each component in workplace adjustment.
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According to the textbook, policies such as rent control and trade barriers persist in spite of the fact that economists are virtually united in their opposition to such policies. This is probably bec
This is probably because economic policies are influenced by a wide range of factors beyond the opinions of economists. While economists may generally agree on the negative consequences of rent control and trade barriers, the implementation and persistence of these policies can be influenced by various political, social, and historical factors.
Here are a few reasons why such policies may persist despite opposition from economists:
1. Political considerations: Economic policies are often shaped by political objectives and the preferences of policymakers. Politicians may support rent control or trade barriers to appeal to certain voter groups or protect domestic industries, even if economists argue against them. Economic policies can become entangled with political interests and agendas, leading to their persistence.
2. Public perception and short-term benefits: Rent control and trade barriers may appear beneficial to certain groups in the short term. Rent control, for example, can provide immediate relief for tenants by keeping rents low. Similarly, trade barriers can be seen as protecting domestic jobs or industries from foreign competition. The perceived benefits to specific stakeholders can outweigh the long-term economic consequences, leading to the persistence of these policies.
3. Lack of understanding or misinformation: Economic concepts can be complex, and the general public may not fully understand the long-term implications of certain policies. Misinformation or incomplete information about the consequences of rent control or trade barriers can influence public opinion and policymakers' decisions, leading to the persistence of such policies.
4. Special interest groups: Certain interest groups, such as landlords' associations or domestic industries seeking protection, may actively lobby for the continuation of policies like rent control or trade barriers. These groups often have significant influence on policymakers and can sway their decisions, even if economists argue against the policies.
5. Path dependence and inertia: Once a policy is in place, it can be difficult to change or remove it due to path dependence and inertia. Rent control, for example, can create vested interests and dependencies that make it politically challenging to eliminate. Similarly, trade barriers may be deeply entrenched in regulatory frameworks and international agreements, making their removal a complex process.
It's important to note that while economists may generally oppose these policies based on their assessment of their long-term economic effects, there can still be differing opinions among economists on specific aspects or details of these policies. Additionally, not all economists are entirely opposed to rent control or trade barriers, as there can be valid arguments for limited and targeted interventions in certain situations.
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When a nation imports a good or service in which it does not have a comparative advantage, the price that consumers from that nation will pay_____ and employment in that nation _____
Group of answer choices
decreases; increases.
increases; increases.
increases; decreases.
decreases; decreases.
When a nation imports a good or service in which it does not have a comparative advantage, the price that consumers from that nation will pay increases, and employment in that nation decreases.
When a nation imports a good or service in which it does not have a comparative advantage, the price that consumers from that nation will pay increases and employment in that nation decreases.
A comparative advantage occurs when a country can produce a good or service at a lower opportunity cost than another country. In the scenario where a nation imports a good or service in which it does not have a comparative advantage, it means that other countries can produce that good or service more efficiently and at a lower cost.
When the nation imports this good or service, consumers in that nation will pay a higher price because the country has to import it from another nation where it can be produced more efficiently. This is because the domestic producers in the importing nation cannot compete with the lower prices offered by the exporting nations.
Furthermore, as the nation relies more on imports, the demand for domestic production of that good or service decreases. This leads to a decrease in employment in that nation's industry, as domestic producers may have to cut back on production or even shut down due to the competition from more efficient foreign producers.
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When a nation imports a good or service in which it does not have a comparative advantage, the price that consumers from that nation will pay increases and employment in that nation decreases.
1. Price Increase: When a nation imports a good or service in which it does not have a comparative advantage, it means that other countries can produce that good or service more efficiently and at a lower cost. As a result, the nation importing the good or service will have to pay a higher price to purchase it from other countries. This is because the domestic producers are less efficient and cannot produce the good or service as cheaply as foreign producers.
2. Employment Decrease: When a nation imports a good or service in which it does not have a comparative advantage, it means that the domestic producers are less competitive in that industry. As a result, they may struggle to sell their products domestically because consumers can purchase the imported goods at a lower price. T
Overall, when a nation imports a good or service in which it does not have a comparative advantage, consumers will pay higher prices for those imported goods, and there may be a decrease in employment in the domestic industry producing similar goods.
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PT xyz estimates that credit sales for August, September, October, and November will be $360,000, $500,000, $560,000, and $320,000, respectively. The collections are normally made in the following conditions:
In the month of sale 25%
In the first month after the sale 60%
In the second month after the sale 10%
Instructions : determine the collection from customer in october and november
show all computation
The collection from customers in October is $476,000 and the collection from customers in November is $304,000.
Given that PT xyz estimates that credit sales for August, September, October, and November will be $360,000, $500,000, $560,000, and $320,000, respectively.
The collections are normally made in the following conditions:
In the month of sale 25%In the first month after the sale 60%In the second month after the sale 10%:
Determine the collection from customers in October and November
Collection from customers in October
Credit Sales in October $560,000
A collection made in October = 25% of $560,000
Collection made in November = 60% of $560,000= $140,000 + $336,000
Collection from customers in October = $476,000
Collection from customers in November
Credit Sales in November = $320,000
Collection made in November = 25% of $320,000
A collection made in December = 60% of $320,000
Collection made in January = 10% of $320,000= $80,000 + $192,000 + $32,000
Collection from customers in November = $304,000
Therefore, the collection from customers in October is $476,000 and the collection from customers in November is $304,000.
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IPSAS 35 'Consolidated financial statements' provides for benefit conditions that assist entities to determine control. Which of the below is true in regards to a benefit under IPSAS 35?
Please select the right answer.
Benefits are required to be financial.
A benefit can include exposure to increases or decreases in the value of an investment in another entity.
Benefits can not be non-financial.
The ability to benefit from the specialized knowledge of another entity is not a benefit under IPSAS 35.
IPSAS 35 'Consolidated financial statements' provides for benefit conditions that assist entities to determine control. A benefit under IPSAS 35 can include exposure to increases or decreases in the value of an investment in another entity.
IPSAS 35 stands for the International Public Sector Accounting Standards 35. It is an accounting standard used in the public sector to provide guidance on the preparation and presentation of consolidated financial statements.IPSAS 35 has provided for several benefit conditions that help the entities determine control. Control is the power to influence the financial and operating policies of an entity so that it can benefit from its activities.
The IPSAS 35 is a comprehensive guide that helps the entities to identify the benefits of control. These benefits can be financial or non-financial. A benefit under IPSAS 35 can include exposure to increases or decreases in the value of an investment in another entity. Non-financial benefits include the ability to benefit from the specialized knowledge of another entity.
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Ben has a quasilinear utility function (1, 2 ) = 610.5 + 2 and a budget constraint = p11 + p22.
1. What is Ben’s optimal 1 and 2? What can we say about the two quantities? Explain.
2. If p1 = p2, how much income does Ben need for his optimal choice? Explain.
3. Using your answer in (b) and a diagram, explain the concept of revealed preference.
4. Suppose that Ben’s budget constraint is now non-linear. Using a diagram and your own example, explain one reason that his budget constraint is non-linear and whether Ben is worse off.
1. Ben's optimal consumption of good 1 and 2 occurs when the marginal utility per dollar spent on each good is equal. 2. If p1 = p2, Ben will split his income evenly between the two goods, because his utility function indicates that he gains twice as much utility from good 2 as good 1. 3. Revealed preference says that if Ben chooses bundle A over B when both are affordable, he prefers A. 4. If Ben's budget constraint is nonlinear, it could be due to price discounts or taxes.
The concept of revealed preference suggests that his optimal choice reveals his preference over the goods.
A more detailed analysis: Given Ben's utility function, he has a stronger preference for good 2, as it is multiplied by 2. If p1 equals p2, his optimal choice would likely be skewed towards good 2, depending on his income level. Revealed preference theory posits that Ben's consumption choices reveal his preferences for the goods. If Ben's budget constraint is non-linear, it could be due to factors like quantity discounts or taxation. It could make Ben better or worse off, depending on how it aligns with his preferences.
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Your company purchased seven months’ worth of office supplies on January 1 for $35,000. Terms: 2/10 n 30.
In this scenario, if your company pays the $35,000 bill within 10 days, they can take a 2% discount. Otherwise, the full amount is due within 30 days.
The terms "2/10 n 30" indicate the payment terms for the office supplies purchase.
Let me break it down for you:
1. The first number, "2," represents the discount percentage offered for early payment.
In this case, it means that if the company pays within 10 days, they will receive a 2% discount on the total cost of the supplies.
2. The second number, "10," represents the number of days within which the company must make the payment to be eligible for the discount.
3. The letter "n" stands for "net," which means the total amount is due without any discount.
4. The last number, "30," represents the number of days within which the company must make the full payment (without discount) if they don't take advantage of the early payment discount.
So, in this scenario, if your company pays the $35,000 bill within 10 days, they can take a 2% discount. Otherwise, the full amount is due within 30 days.
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sue+now+has+$410.+how+much+would+she+have+after+8+years+if+she+leaves+it+invested+at+8.5%+with+annual+compounding?
After 8 years of leaving her investment invested at 8.5% with annual compounding, Sue would have approximately $689.23.
To calculate the future value of Sue's investment after 8 years with an annual interest rate of 8.5% and annual compounding, we can use the formula for compound interest:
Future Value = Present Value * (1 + interest rate)^number of periods
In this case, the present value (initial investment) is $410, the interest rate is 8.5% (or 0.085 as a decimal), and the number of periods is 8 years.
Future Value = $410 * (1 + 0.085)^8
Calculating this equation gives us:
Future Value = $410 * (1.085)^8
Future Value ≈ $689.23
Therefore, after 8 years of leaving her investment invested at 8.5% with annual compounding, Sue would have approximately $689.23.
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What is one of the core propositions underpinning an institution-based view of global business?
One of the core propositions underpinning an institution-based view of global business is that formal and informal institutions shape the behavior of firms and individuals in international business.
This perspective emphasizes the importance of understanding how legal systems, regulations, norms, and cultural values influence business practices across different countries and regions.
1. Institutions play a significant role in shaping the behavior of firms and individuals in global business. These institutions include formal rules and regulations, such as laws and government policies, as well as informal norms, values, and customs.
2. Formal institutions provide a legal framework and establish rules and regulations that govern business activities. For example, different countries may have varying laws regarding intellectual property rights, labor regulations, or environmental standards.
3. Informal institutions, on the other hand, are unwritten rules and norms that guide behavior in society. These can include cultural values, social expectations, and ethical norms that influence business practices. For instance, in some cultures, the concept of face-saving or preserving harmonious relationships may significantly impact business negotiations and decision-making.
4. Understanding these formal and informal institutions is crucial for firms operating in the global business environment. It allows them to navigate the complexities and adapt their strategies accordingly to comply with legal requirements and cultural expectations.
5. By recognizing the influence of institutions, businesses can better assess the risks and opportunities associated with international operations and develop strategies that align with the institutional context of different markets.
In conclusion, the institution-based view of global business highlights the significance of formal and informal institutions in shaping business behavior across different countries. By understanding and adapting to these institutions, firms can navigate the challenges and leverage the opportunities presented by the global business environment.
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Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $1.00 in ingredients per pizza, $0.20 in electricity per pizza, $3,500 in restaurant rent per month, and $550 in insurance per month. Assume the pizza parlor produces 10,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $. (Enter your response as an integer.)
To calculate the variable cost of production per month for the pizza parlor, we need to add up the costs that vary based on the number of pizzas produced. In this case, the variable costs are the labor cost, ingredient cost, and electricity cost per pizza.
Given that the labor cost per pizza is $4.00, the ingredient cost per pizza is $1.00, and the electricity cost per pizza is $0.20, we can calculate the total variable cost per pizza by adding these three costs together:
$4.00 + $1.00 + $0.20 = $5.20
Now, we need to multiply the variable cost per pizza by the number of pizzas produced per month (10,000 pizzas) to get the total variable cost of production per month:
$5.20 * 10,000 = $52,000
Therefore, the variable cost of production per month for the pizza parlor is $52,000.
The variable cost of production per month for the pizza parlor is $52,000.
To calculate the variable cost of production per month, we need to identify the costs that vary based on the number of pizzas produced. In this case, the variable costs are the labor cost, ingredient cost, and electricity cost per pizza. The labor cost per pizza is $4.00, the ingredient cost per pizza is $1.00, and the electricity cost per pizza is $0.20.
By adding these three costs together, we get the variable cost per pizza, which is $5.20. To determine the total variable cost of production per month, we need to multiply the variable cost per pizza by the number of pizzas produced per month, which is 10,000 pizzas. Therefore, the variable cost of production per month for the pizza parlor is $52,000.
The variable cost of production per month for the pizza parlor is $52,000, which includes the costs that vary with the number of pizzas produced, such as labor, ingredients, and electricity.
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The variable cost of production refers to the costs that change in relation to the quantity of pizzas produced. The variable cost of production per month is $52,000.
In this case, the variable costs include labor, ingredients, and electricity.
To calculate the variable cost of production per month, we need to sum up the costs per pizza and multiply it by the number of pizzas produced.
The labor cost per pizza is $4.00, the ingredient cost per pizza is $1.00, and the electricity cost per pizza is $0.20.
Adding up these costs, we have:
Variable cost per pizza = labor cost per pizza + ingredient cost per pizza + electricity cost per pizza
Variable cost per pizza [tex]= $4.00 + $1.00 + $0.20[/tex]
Variable cost per pizza [tex]= $5.20[/tex]
Now, we multiply the variable cost per pizza by the number of pizzas produced per month:
Variable cost of production per month = variable cost per pizza x number of pizzas produced per month
Variable cost of production per month [tex]= $5.20 x 10,000[/tex]
Variable cost of production per month [tex]= $52,000[/tex]
Therefore, the variable cost of production per month is $52,000.
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a rock iis thrown with speed 12.0 m/s and launch angle 30.0 part d which diagram represents an accurate sketch of the rock's trajectory?
In order to answer the question, we first need to know how to calculate the trajectory of a projectile. The trajectory of a projectile is a parabolic path.
The first diagram is incorrect because it shows the projectile travelling in a straight line rather than a curved path.2. The second diagram is also incorrect because it shows the projectile travelling in a straight line. The third diagram is the correct answer because it shows the parabolic path of the projectile.
Which is what we would expect to see for a projectile that has been launched at an angle.4. The fourth diagram is incorrect because it shows the projectile travelling in a straight line rather than a curved path. In conclusion, diagram 3 represents an accurate sketch of the rock's trajectory.
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