McDonald (Agricultural Engineers) Ltd recently built a machine for a farmer at a cost of 22,000. The farmer, however, was recently declared bankrupt and so is unable to take delivery of the machine. Another farmer has offered to buy the machine if certain adaptations are made. These adaptations will require fourcomponents, which are held in inventories. The components cost 800 each and are frequently used by the business. The current replacement price per component is 850 and their realisable value is 420 per component. To fit the components, skilled labour, which costs 18 per hour must be used. The job will take 16 hours and it will mean taking two workers off another job. This job could be done by semi-skilled workers, who are paid 12 per hour but have no work available until next week. The business has received an offer from an agricultural supplier to buy the machine in its current condition for 10,000. What is the minimum price at which the business should sell the machine after the adaptations have been made? (Enter an integer.)
Answers
The minimum price at which the business should sell the machine after the adaptations have been made is 15,776.
we need to consider the cost of the adaptations and the opportunity cost of selling the machine to the agricultural supplier.
The cost of the adaptations will involve the cost of the four components and the cost of the skilled labor required to fit them.
The cost of the four components will be 4 x 800 = 3,200.
The cost of the skilled labor will be 16 x 2 x 18 = 576.
The opportunity cost of selling the machine to the agricultural supplier is the difference between the minimum price at which the business should sell the machine and the offer from the supplier.
Therefore, the minimum price at which the business should sell the machine after the adaptations have been made is:
Minimum price = Cost of adaptations + Opportunity cost
Minimum price = 3,200 + 576 + (22,000 - 10,000)
Minimum price = 3,776 + 12,000
Minimum price = 15,776
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Related Questions
Internal recruitment may be practiced in companies today. TRUE OR FALSE
Answers
When calculating unemployment rate, how do you factor in a part-time employee,
such as someone working 20 hours a week but wants to work 40.
A.They count as 0.5% or half employed
B.They count as fully employed
C.They are not counted as part of D.the labor force
They are counted as unemployed
Answers
They are counted as 0.5%, or the half employed, for determining the unemployment rate. The unemployment rate is the percentage of jobless people in the labour force.
The labour force is made up of people who are either employed or unemployed. The Centre for Monitoring Indian Economy said that India's unemployment rate rose from a four-year low of 6.43% in September to 7.77% in October. A person is said to be unemployed if they are actively looking for work and are thought to be the employable. This group includes those who are in the workforce but do not have acceptable occupations.
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A middle school took all of its 6th grade students on a field trip to see a ballet at a theater that has 2500 seats. The students filled 2275 of the seats in the theater. What percentage of the seats in the theater were filled by the 6th graders on the trip?
Answers
Answer:
91 % of the seats in the theater were filled by the 6th graders on the trip.
Explanation:
Total number of seats = 2500
Number of seats occupied = 2275
Percentage of seats filled = 2275/2500 * 100
= 91%
91 % of the seats in the theater were filled by the 6th graders on the trip.
The percentage is taken out by dividing the number of seats occupied with the total number of seats available and multiplying it with 100.
When economists speak of a shortage, they mean a situation in which A. the market price is below the equilibrium price. B. the quantity demanded exceeds quantity supplied. C. some consumers are unable to make a purchase at the current price.
D. all of the above. E. A and B only.
Answers
When economists speak of a shortage, they are referring to a situation in which: the quantity demanded exceeds the quantity supplied. The correct option is B.
This means that at the current market price, there is a higher demand for a good or service than the available supply. In such a situation, the market price is typically below the equilibrium price, causing consumers to demand more than producers are willing to supply.
This leads to some consumers being unable to make a purchase at the current price. Therefore, the correct answer is D. all of the above, as it includes the market price being below the equilibrium price (A), the quantity demanded exceeding quantity supplied (B), and some consumers being unable to make a purchase at the current price (C). The correct option is B.
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Complete question:
When economists speak of a shortage, they mean a situation in which
A. the market price is below the equilibrium price.
B. the quantity demanded exceeds quantity supplied.
C. some consumers are unable to make a purchase at the current price.
D. all of the above.
E. A and B only.
a pension fund manager is considering three mutual funds. the first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a t-bill money market fund that yields a sure rate of 5.5%. the probability distributions of the risky funds are: expected return standard deviation stock fund (s) 17% 32% bond fund (b) 11% 23% the correlation between the fund returns is 0.30. rev: 11 15 2021 qc cs-285530
Answers
To determine the optimal portfolio, the pension fund manager needs additional information such as the risk tolerance and desired asset allocation.
The pension fund manager is considering three mutual funds: a stock fund, a long-term government and corporate bond fund, and a T-bill money market fund.
The stock fund has an expected return of 17% and a standard deviation of 32%.
The bond fund has an expected return of 11% and a standard deviation of 23%. The T-bill money market fund has a sure rate of 5.5%.
To analyze the risk and return of the portfolio, we need to consider the correlation between the fund returns.
In this case, the correlation is 0.30.
To calculate the expected return of the portfolio, we can use the weighted average of the expected returns of the individual funds.
Let's assume the weights for the stock fund, bond fund, and T-bill money market fund are w1, w2, and w3, respectively.
Expected return of the portfolio = w1 * expected return of stock fund + w2 * expected return of bond fund + w3 * sure rate of T-bill money market fund.
To calculate the standard deviation of the portfolio, we need to consider the weights and the correlation between the fund returns.
The formula for the standard deviation of a portfolio is:
Standard deviation of the portfolio = sqrt[(w1^2 * (standard deviation of stock fund)^2) + (w2^2 * (standard deviation of bond fund)^2) + (w3^2 * 0.055^2) + 2 * w1 * w2 * standard deviation of stock fund * standard deviation of bond fund * correlation].
By using these formulas and plugging in the given values, the pension fund manager can evaluate the risk and return of the portfolio and make an informed investment decision.
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When considering investments in different funds, the pension fund manager should analyze their respective expected return, standard deviation, and correlation. These components give insights into potential gains (expected return), associated risk (standard deviation), and the likelihood of the funds moving in the same direction (correlation). The manager should balance potential returns against these risks to make an informed decision.
Explanation:A pension fund manager considering three mutual funds - a stock fund, a long-term government and corporate bond fund, and a T-bill money market fund should study their respective expected return, standard deviation, and correlation.
The expected rate of return reflects the gains or yields an investor can anticipate from a particular investment. For instance, the stock fund in question has a higher expected return of 17% compared to the bond fund's 11%, indicating potential for greater earnings but also potentially greater risk.
The standard deviation represents the volatility or risk associated with the funds. The higher the value, the greater the risk, therefore the stock fund is deemed riskier with a standard deviation of 32% against the bond fund's 23%.
Lastly, the correlation between the fund returns, pegged at 0.3 in this case, measures how these two risky funds might move in relation to each other. A positive correlation suggests that the funds are likely to move in the same direction.
In conclusion, the pension fund manager must weigh the potential returns against the associated risks and correlations to make an informed investment decision.
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What is MOST likely TRUE about intellectual property?
A.
It can be a tangible asset.
B.
It is impossible to steal.
C.
It can be invisible.
D.
It does not affect a company’s profits.
Answers
Answer:
The answer is most likely...
A. It can be a Tangible asset
Explanation:
Sorry I was late :l
In the circular flow model, households provide
to firms. This is represented by the letter A.
Answers
Households would provide factors of production to firms.
The circular flow demonstrates the movement of money in the economy.The two-sector model of circular flow comprises households and firms.Money first flows from producers to households in return for production services in the form of wages. Finally, return to producers back in the form of payment for the purchase or expenditure made by households.What do you mean by circular flow of money?The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money.What are the two types of circular flow?There are two types of circular flow:
Real flow: The term real flow means the flow of factor services from households to firms. Similarly, the flow of goods and services from firms to households. Money flow: The money flow refers to the flow of factor payments from firms to households for factor services.Learn more about the circular flow of money here:
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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If the assets of a medical practice add up to $20,000, and its liabilities add up to $5,000, what is the net worth of the medical practice?
Answers
The net worth of the medical practice is given as
net worth =$15,000
This is further explained below.
what is the net worth of the medical practice?Generally, the net worth
net worth= $20,000 - $5,000
net worth =$15,000
In conclusion, A bona fide, integrated business entity is what is meant by the term "medical practice." This could be an entity in which multiple physicians work together as partners, shareholders, owners, members, or employees, or it could be an entity in which only one physician works there and practices medicine.
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Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2018. You know that average prices have risen steadily since 1961. You earn.
Answers
your grandfather's earnings in 1961 were adjusted for inflation to the purchasing power of 2018, it would be approximately $56,000.To compare your earnings with your grandfather's, we need to adjust his salary for inflation. We can use the Consumer Price Index (CPI) as a measure of inflation. The CPI tracks the average change in prices of a basket of goods and services over time.
In 1961, the CPI was significantly lower than it is in 2018. Let's say the CPI in 1961 was 30, and in 2018, it was 240. To adjust your grandfather's earnings for inflation, we can use the following formula:
Adjusted earnings = (Grandfather's earnings) * (CPI in the current year) / (CPI in the base year)
Using this formula, we can calculate the adjusted earnings for your grandfather in 2018:
Adjusted earnings = $7,000 * 240 / 30 = $56,000
This means that if your grandfather's earnings in 1961 were adjusted for inflation to the purchasing power of 2018, it would be approximately $56,000.
Comparing this to your earnings of $35,000, it is evident that you earn less than what your grandfather would have earned in his first job when adjusting for inflation. However, it's important to consider other factors such as the cost of living, economic conditions, and job market differences between 1961 and 2018.
In conclusion, while you earn less in absolute terms compared to your grandfather, when adjusted for inflation, your grandfather's earning power in 1961 would be higher than yours in 2018. However, it's crucial to consider various factors and the context surrounding earning power in different time periods.
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Which of the following is NOT a deception method of customers
A)Warning label
B)Pigeon Drop
C)Ponzi Scheme
D)Bait and Switch
Answers
So i feel the answer to this is obvious because a warning label is not meant to trick a consumer so the answer would be a since the rest are trying to bait costumers into something. hope this helps and makes sense to you.
You can choose any one of the following prizes. If your discount rate is 10% (annual compounding), which is the most valuable prize, i.e. has the greatest present value? a. A lump sum payment of $25,000 at the end of 10 years. b. A perpetual stream of annual payments of $1,000 starting in one year. c. A perpetual stream of annual payments starting at $500 in one year and increasing at 5% per year thereafter. d. A lump sum payment of $10,000 today. e. Five annual payments of $2,800 - the first payment occurs one year from today.
Answers
To determine the most valuable prize with a discount rate of 10%, we need to calculate the present value of each option and compare them.
a. A lump sum payment of $25,000 at the end of 10 years:
The present value of this lump sum payment can be calculated using the formula:
PV = Future Value / (1 + Discount Rate)^N
PV = $25,000 / (1 + 0.10)¹⁰ = $9,416.14
b. A perpetual stream of annual payments of $1,000 starting in one year:
Since this is a perpetual stream of payments, we can use the formula for the present value of a perpetuity:
PV = Annual Payment / Discount Rate
PV = $1,000 / 0.10 = $10,000
c. A perpetual stream of annual payments starting at $500 in one year and increasing at 5% per year thereafter:
Similar to option b, this is also a perpetual stream of payments, so we can use the perpetuity formula:
PV = Annual Payment / Discount Rate
PV = $500 / 0.10 = $5,000
d. A lump sum payment of $10,000 today:
Since this is already a present value amount, no further calculation is needed. The present value is $10,000.
e. Five annual payments of $2,800 - the first payment occurs one year from today:
To calculate the present value of an annuity, we can use the annuity present value formula:
PV = Annual Payment × (1 - (1 + Discount Rate)^(-N)) / Discount Rate
PV = $2,800 × (1 - (1 + 0.10)⁽⁻⁵⁾) / 0.10 = $9,859.96
Comparing the present values, we can see that the most valuable prize is option b, which is the perpetual stream of annual payments of $1,000 starting in one year. It has a present value of $10,000, making it the highest among the given options.
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where can i get my check engine light checked for free
Answers
Deanna is 62 years old. She plans to retire in 3 years. She has $300,000 in a savings account that yields 2.25% interest compounded daily.she has calculated that her final working years salary will be $94,000. She has been told by her financial advisor that she should have 65% of her final year annual income available for use each year when she retires
Answers
Deanna should have approximately $196,769.72 available each year during her retirement.
How to determine Deanna final year annual incomeCalculating the target retirement income:
Deanna's target retirement income is 65% of her final working year's salary. Therefore,
Target retirement income = 65% * $94,000 = $61,100
To Determine the number of years in retirement:
Deanna plans to retire in 3 years.
We Calculate the future value of her savings account at the time of retirement:
The savings account has an interest rate of 2.25% compounded daily. We'll use the compound interest formula to calculate the future value:
Future Value = Present Value * (1 + (Interest Rate / Number of Compounding Periods))^(Number of Compounding Periods * Number of Years)
Future Value = $300,000 * (1 + (0.0225 / 365))^(365 * 3)
Future Value = $300,000 * (1 + 0.0000616445)^1095
Future Value = $300,000 * 1.071924
Future Value ≈ $321,577.11
Calculating the annual retirement income:
Annual retirement income = Future Value * (Target retirement income / 100)
Annual retirement income = $321,577.11 * (61,100 / 100)
Annual retirement income ≈ $196,769.72
Therefore, according to the given information, Deanna should have approximately $196,769.72 available each year during her retirement.
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You've been meaning to fix those rotted boards on your porch for years. Finally, last week the deck gave way. The replacement will cost you $3,000. Will you be able to recover the cost of replacement (less your deductible) from your homeowner's insurance?
Answers
We will not be able to recover the cost of replacement (less deductible) from the homeowner's insurance policy.
What is homeowner's insurance?This is an insurance that provide cover on the insured's home's structure and belongings in the event of a destructive event such as a fire, storm, hurricane, lighting, flood etc
A natural destruction resulting from a wear and tear is not covered under the homeowner's insurance.
Therefore, you will not be able to recover the cost of replacement from the homeowner's insurance policy.
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1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answers
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
Give an example of a bank balance sheet with a leverage ratio of 20. If the value of the bank's assets rises by 2 percent, what happens to the value of the owners' equity in this bank? How large a decline in the value of bank assets would it take to reduce this bank's capital to zero?
Answers
This implies that the value of bank assets would need to decline to zero for the bank's capital to reach zero.
Here's an example of a simplified bank balance sheet with a leverage ratio of 20:
Assets:
- Cash and Reserves: $100 million
- Loans: $1.9 billion
Total Assets: $2 billion
Liabilities:
- Deposits: $1.8 billion
- Other Liabilities: $100 million
Total Liabilities: $1.9 billion
Owners' Equity: Total Assets - Total Liabilities = $2 billion - $1.9 billion = $100 million
Now, let's analyze the impact of a 2 percent increase in the value of the bank's assets. If the value of the bank's assets rises by 2 percent, the new value of the assets would be:
New Assets = $2 billion + 2% of $2 billion = $2 billion + $40 million = $2.04 billion
However, the owners' equity remains the same because the increase in asset value does not directly impact the equity. Therefore, the value of the owners' equity would still be $100 million.
Next, let's consider how large a decline in the value of bank assets would reduce the bank's capital to zero. Since the leverage ratio is 20, it means that the bank's capital is 5 percent of its total assets (leverage ratio = 1/capital ratio).
So, if we assume that the bank's capital is reduced to zero, the capital ratio would be 0 percent. This implies that the total assets would be 20 times larger than the capital:
Total Assets = 20 * Capital
Therefore, to calculate the decline in asset value required for the capital to reach zero, we can rearrange the equation:
Capital = Total Assets / 20
0 = Total Assets / 20
Total Assets = 0
This implies that the value of bank assets would need to decline to zero for the bank's capital to reach zero.
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Type in a sentence using the word Financial planning wrong
Answers
If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?
$900
O a
$952
b.
$985
Oc.
$1000
d
None of these
e
Answers
Answer:
Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above
Explanation:
A=P(1+r)t
A=952(1+0.05)1
A=952(1.05)1
A=952(1.05)
A=952x1.05
A=999.60 which can be rounded to 1000
Formulate but do not solve the problem.
Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 7% and 9% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $1680, how much did she invest in each bond? (Let x and y denote the amount, in dollars, invested at 7% and 9%, respectively.)
Answers
Kelly invested $8,000 at a 7% interest rate and $12,000 at a 9% interest rate.
Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 7% and 9% interest per year, respectively.
To find the amount Kelly invested in each bond, we can set up a system of equations based on the given information. Let x represent the amount invested at 7% and y represent the amount invested at 9%. We know that the total investment is $20,000, so we have the equation x + y = 20,000.
We also know that the interest Kelly receives in a year is $1680. The interest from the 7% bond can be calculated as 0.07x, and the interest from the 9% bond can be calculated as 0.09y. So we have the equation 0.07x + 0.09y = 1680.
Solving the system of equations, we find that x = $8,000 and y = $12,000. Therefore, Kelly invested $8,000 at a 7% interest rate and $12,000 at a 9% interest rate.
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If an organization temporarily borrows its specialists from different functional areas to accomplish a common project, it is implementing what type of organization
Answers
Answer:
matrix organization
Explanation:
what is the comprehensive evaluation of all work activities, materials flows, and paperwork to determine the worth and appeal that they add for customers?
Answers
comprehensive evaluation of all work processes, material flows, and documentation to determine the value and appeal they add to consumers
Analysis of value added is the answer.
What does "material flow" mean?
Transporting raw materials, prefabricated items, parts, components, integrated things, and finished goods as a flow of entities is referred to as material flow. The word primarily refers to supply chain management advanced modeling.
Many distinct specialized simulation tools have been created for complicated systems because industrial material flow can quickly become highly complex. standard tools
Businesses must take every step feasible to make the most of their resources in light of the numerous changes that the manufacturing industry has undergone.
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The _____ rule bars any form of recovery from an employer for torts committed by one employee against another.
apparent
fellow-servant
zone of risk
Answers
The fellow-servant rule bars any shape of recovery from a company for torts dedicated to using one worker against every other.
According to this rule, if an employee is injured due to the negligence or wrongful act of a co-worker, they can't keep their enterprise chargeable for the damages. The reason behind the guy-servant rule is that employees expect the risks inherent in their profession, which include the ones posed by way of their fellow employees.
It is based totally on the principle that an agency cannot be held chargeable for the actions of one worker against every other, as long as the organization has supplied fairly safe running surroundings. However, it's vital to observe that the fellow-servant rule has been changed or abolished in many jurisdictions, as it is seen as an old and unfair doctrine that fails to adequately shield injured personnel.
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You earn a salary of $52,000 per year and get paid biweekly. Calculate
how much GROSS PAY you will earn for one paycheck.
Answers
Answer:
$2,166.60
Explanation:
Divide the salary by 12 months that are in a year, then divide my 2 because bi-weekly is every 2 weeks.
Assume that the following market model adequately describes the return-generating behaviour of risky assets:
Rit = α1 + βiRMt + εit
Here,
Rit = The return on the ith asset at time t.
RMt = The return on a portfolio containing all risky assets in some proportion at time t.
RMt and εit are statistically independent.
Short selling (i.e., negative positions) is allowed in the market. You are given the following information:
Asset β1 E(R1) Var(ε1)
A 0.7 8.41 % 0.0100
B 1.2 12.06 0.0144
C 1.5 13.95 0.0225
The variance of the market is 0.0121, and there are no transaction costs.
Answers
From the Sharpe ratio analysis, we can conclude that asset A generates the highest risk-adjusted returns, followed by asset B and asset C.
The market model that is described above is referred to as the Capital Asset Pricing Model (CAPM).
This model is essential in the understanding of how risky assets generate returns. The CAPM states that the expected return on an asset is proportional to the risk-free rate of interest and the systematic risk of the asset.
This systematic risk is measured using beta (β) which is the measure of the volatility of an asset's returns concerning the returns of the market.
Using the CAPM, we can compute the expected return of each of the assets in the market model.
For asset A, the expected return (E(Ri)) will be E(R1) = α1 + β1 E(RMt)
The expected return for asset B will be E(R2) = α2 + β2 E(RMt)
The expected return for asset C will be E(R3) = α3 + β3 E(RMt)
To compute the expected returns, we first need to compute the expected return of the market.
Given that the variance of the market is 0.0121, the standard deviation of the market will be σm
= √(0.0121)
= 0.110
The expected return of the market will be:
E(Rm) = r + βm (E(Rm) - r) where r = the risk-free rate, βm = the beta of the market and E(Rm) is the expected return of the market.
To compute E(Rm), we will set the expected return of asset B as the proxy for E(Rm) since the returns of B are higher than those of A and C. Let r = 2%, then the beta of the market will be:
βm = β2(σm / σ2)
= (1.2 * 0.11) / 0.0144
= 9.3
Using this, we can compute E(Rm) as:
E(Rm) = 0.02 + 9.3(E(Rm) - 0.02)
Solving for E(Rm), we get E(Rm) = 12.29%
Using this, we can compute the expected returns of assets A, B, and C as follows:
E(R1) = 8.41% + 0.7(12.29% - 8.41%)
= 9.86%E(R2)
= 12.06% + 1.2(12.29% - 12.06%)
= 12.12%E(R3)
= 13.95% + 1.5(12.29% - 13.95%)
= 11.29%
To analyze the relationship between risk and return, we can also compute the Sharpe ratio, which measures the risk premium per unit of risk.
The Sharpe ratio of an asset is given by:
S(Ri) = (E(Ri) - r) / σi
For asset A, the Sharpe ratio is:
S(R1) = (9.86% - 2%) / √(0.0100)
= 74.67For asset B, the Sharpe ratio is:
S(R2) = (12.12% - 2%) / √(0.0144)
= 57.81
For asset C, the Sharpe ratio is:
S(R3) = (11.29% - 2%) / √(0.0225)
= 37.37
However, given that short selling is allowed, investors can use a combination of assets to optimize their portfolios and generate higher returns for a given level of risk.
With no transaction costs, the market will always be in equilibrium, with investors holding portfolios that maximize their risk-adjusted returns.
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How does hard work help our economy?
Answers
Answer:How important is hard work for avoiding poverty?The phrase, “Pull yourself up by your own bootstraps” is one that is embedded in the American lexicon. As we have discussed in earlier modules, this is often the predominant mind set when it comes to explaining poverty. There is a widespread belief that with hard work and effort, anyone can avoid falling into poverty. In your group, ask yourselves, to what extent do you feel that hard work is sufficient for achieving economic success?The Role of Motivation and Hard WorkIn our research, we have given considerable thought to the role that motivation and hard work plays in getting ahead. In the course of writing Chasing the American Dream, we talked with dozens of people from many walks of life around this topic. Our overall conclusion is that hard work is a necessary but not a sufficient condition for getting ahead. In other words, hard work and effort are generally important ingredients for reaching one’s goals in life, but they do not guarantee success in and of themselves.We can think about this relationship in the following way. It is difficult to imagine individuals doing well in life without a decent amount of effort and work. Even for those born into wealth, hard work and motivation are generally required for reaching one’s goals. And for those starting with much less, hard work and initiative would appear to be essential.On the other hand, we have talked with many people who have worked very hard throughout their adult lives, but have struggled to achieve economic success. During the course of a year, we interviewed women and men who have worked extremely hard but nevertheless found themselves in poverty or close to poverty.A Hard Working ExampleWe asked one such woman who was interviewed for our Chasing the American Dream book about how the general notion of the American Dream stacked up against the economic realities that she had seen.I think for most people it’s sort of a Horatio Alger’s thing of going from rags to riches. That anybody through their own hard work can pull themselves up in this country. But I think a whole lot of people have worked really hard and not been able to pull themselves up.My dad worked really, really hard. And the only reason he had $10,000 in the bank when he died is because his brother died and left him some. And then his house sold for a little over $20,000. And this is from a guy who worked his tail off his whole life long. He had paid employment until after age 80 despite his physical disabilities. So, hard work doesn’t necessarily get you ahead. I know that.We then asked her, “How does this experience affect your sense of fairness?”Well it makes me mad that things are not fair and that we don’t value hard work. And, in fact, one of the surest indicators for how hard you’ll have to work is your income. The people with lower incomes will have to work harder from a standpoint of backbreaking physical labor.You know, I make a lot more money than Elaine Nelson from my church. But she mops floors down at St. Peters Hospital and changes sheets and makes sure that the operating room is sanitary so that people can go home without a staph infection. Her work is really essential, but she’s only making like $9 or $10 an hour to do that kind of work. And I take her to places to get help with her utilities and take her to the food pantry at my church now and then ‘cause she doesn’t have a car. And she’s faced an eviction so many times since I’ve known her.And to me, that’s just so unfair that a person that does really important work that cares for our community… You know, having a safe, clean hospital is a very important thing. Why don’t we reward that adequately? It makes me really mad.Hard Work May Not Be EnoughWhat this woman and many like her discussed in our interviews relates to the fact that there are simply not enough decent-paying jobs to support all Americans. In an earlier module (Module 6) we relied on the analogy of musical chairs to illustrate the mismatch between the number of individuals in need of a decent paying job versus the limited number and availability of such jobs. The result is that for some Americans, no matter how hard they work, they still may not be able to get ahead economically.Do you agree that hard work is a necessary but not a sufficient condition for getting ahead? Can you point to examples of people you know that would confirm this? Are there cases where hard work may not be important in getting ahead? How is this accomplished? Overall, how important is motivation and determination in avoiding poverty? These are some of tque
an all-equity business has 105 million shares outstanding selling for $20 a share. management believes that interest rates are unreasonably low and decides to execute a leveraged recapitalization (a recap). it will raise $1 billion in debt and repurchase 50 million shares.
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After the leveraged recapitalization, the all-equity business will have 55 million shares outstanding. The management raised $1 billion in debt and used it to repurchase 50 million shares at $20 per share.
In a leveraged recapitalization, a company increases its debt level to fund a share repurchase. In this case, the management raised $1 billion in debt and used it to repurchase 50 million shares. This reduces the number of shares outstanding from 105 million to 55 million. The share price remains at $20 per share since the recapitalization did not directly impact the stock price. The management's decision was driven by their belief that interest rates were unreasonably low, and by taking on debt, they aimed to optimize the capital structure and potentially increase shareholder value.
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Which of the following is a style trend?
A. An increase in the population of young parents in a neighborhood
B. The popularity of a new type of jeans
C. An increased concern for protecting the environment
D. The popularity of cell phones that can access the Internet
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B
Explanation:
Germany did not allow Walmart to sell some items below cost, an example of how a foreign government can constrain _________, which here made it impossible for Walmart to compete with local discount stores.
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Answer: pricing strategy
Explanation:
Pricing strategy refers to method that companies or organizations use in order for them to price their products.
Germany not allowing Walmart to sell some items below cost simply shows an example of how a foreign government can constrain pricing strategy. The reasoning behind this by Germany is to help it's local industries and help prevent it from foreign competition which may end up limiting their growth.
1. Point out which changes are occurring in the business that affect HRM. 2. What are some considerations the company and HR should be aware of when making changes related to this case study? 3. What would the initial steps be to start planning for these changes? 4. What would your role be in implementing these changes?
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Answer:
Following are the solution to the given point.
Explanation:
In question 1:
Modifications such as:
Its five workers' benefit in the following 3, months will affect the human system comprises, that is well established and deeply connected with others and historically understanding its company. Other vision becomes unparalleled for business performance. Enable employees of one, 2 years per week to the telephone. Efficiency issues if work is allowed at home. End the actual department to launch the digital division. Rather than recruiting the staff on even a contractual basis as filled workers.In question 2:
facets:
Progressively but not in a moment, we should be aware of implementing changes, since it indirectly encourages employees and can be tormenting. Fewer would be motivated and far less productive. They should be informed of the realistic viability of changes and assess the optimistic feasibility of the proposed changes. They need to take into consideration their employee's collective opinions or take decisions about change into account.In question 3:
Diagnosing your company's existing environment is the very first step following your choice to change your company and to make changes with employees who are starting to alter gradually. To understand the workers' current motivation is an effective way to begin a progressive change process.
In question 4:
My function would be to offer the concept a sense of the impact of such changes on the organization's ecosystem as well as the convenience of the changes to be identified. Provide team members with assignments and identify the change cabin crew to be introduced in a system. Encouragement for change and overall smart agricultural control among workers.