q20) the case of former self-driving engineer, anthony levandowski, shows that plays a significant role in determining the competitive advantage of firm, especially in high-tech industry. a. customer relationship b. human capital c. cash flow d. marketing capabilities
Answers
The case of former self-driving engineer, Anthony Lewandowsky, shows that customer relationship plays a significant role in determining the competitive advantage of firm, especially in high-tech industry.
What is customer relationship?Customer relations are the strategies a business use to interact with its clients and enhance the client experience.
This includes proactively developing long-term solutions that are focused on client success as well as responding to immediate barriers.
Making a great product is one of the most challenging challenges a business can face and one of the largest markers of success.
But how effectively a business handles its clients will ultimately determine how successful it is.
Consumers today can think beyond the item you're trying to sell them since they are more influential in the industry than ever before.
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Related Questions
what type of marketing strategy best exemplifies a straightforward mapping of a product to a customer’s willingness to pay?
Answers
Vertical differentiation strategy is the marketing strategy that best exemplifies the straightforward mapping of the product.
Marketing strategy refers to plans executed by a firms' marketing department which ensure that various plan for reaching prospective consumers and turning them into customers of the products are achieved.
Basically, the differentiation strategy in marketing entails development of product which is unique, different and distinct from its competitors product.
But in this question context, the type of marketing is Vertical differentiation strategy.
The Vertical differentiation strategy involves a firm finding a quality and price mix which will differentiate the brand from its competitors,
Therefore, the type of strategy that best exemplifies a straightforward mapping of a product to a customer’s willingness to pay is the Vertical differentiation strategy.
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Which statement is true about certificates of deposit?
true
OA. They are drafts issued by a bank.
OB. They are a bank's promise to pay a sum of money.
OC. They reach maturity in a few days.
OD. They are generally cashed early without penalties.
Answers
Certificates of deposit:They are a bank's promise to pay a sum of money.Option B
What are certificates of deposit?Generally, A certificate of deposit (CD) is a financial product offered by banks and credit unions that provides a fixed rate of return on funds deposited for a fixed period of time.
CDs are considered to be a low-risk investment because they are insured by the Federal Deposit Insurance Corporation (FDIC) for banks or the National Credit Union Administration (NCUA) for credit unions, up to $250,000 per depositor.
CDs typically have higher interest rates than savings accounts or money market accounts, but they also have stricter withdrawal terms.
Investors can't access their funds until the CD reaches maturity, and they may incur a penalty if they withdraw the funds before the CD matures.
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Jackson and ashley turner (both 45 years old) are married and want to contribute to a roth ira for ashley. in 2011, their agi is $177,500. jackson and ashley each earned half of the income.
a. how much can ashley contribute to her roth ira if they file a joint return
contribution to roth ira $
Answers
Ashley Turner would do a maximum contribution to IRA that will be -600.
It is given that the maximum contribution to ROTH IRA is 6000 for the people that are under the age of 50 years
We have,
\(209,000 - \frac{198000}{10000} \times 6000\)
= 6600
Then the contribution to the IRA is:
6000 - 6600 = -600
You can save money tax-advantageously for retirement by opening an individual retirement account (IRA). An individual can save for retirement with tax-free growth or on a tax-deferred basis by opening an IRA at a financial institution. Even when you are unable to make contributions, your account might still grow. You acquire interest, which is added to your account balance, and you subsequently acquire interest on the interest, and so on. Because of the wonders of compound interest, the growth that your account creates can rise annually.
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in business, what is the management framework within which decisions are made and accountability is determined?
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In business, management frameworks are used to facilitate decision making and accountability.
The framework typically includes a system of processes and procedures, organizational structures, and guidelines that define how tasks are to be completed and who is responsible for each task.
Management framework serves as a guide for staff to adhere to in order to achieve desired outcomes, and it also helps to ensure that decisions are made in line with the company’s overall objectives.
The framework also allows for accountability by helping to identify where individual or team performance is lacking and what actions need to be taken to improve it.
By providing a clear framework for decision making and accountability, businesses can create an environment of trust and efficiency that leads to long-term success.
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How does the merit system work?
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In a merit system, employees are hired, promoted, rewarded, and retained on the basis of individual ability and fitness for employment without regard to race, color, sex, religion, age, or national origin.
The advantage system determines the health of the candidate through the potential to skip a written competitive examination, given via a fee of examiners. The solutions submitted by using candidates should be unsigned so that you can obviate the possibility of favoritism on the part of the examiners.
As an example, merit system precepts No. nine affords that personnel "have to be included towards reprisal for the lawful disclosure" of waste, fraud, and abuse, even as the listing of prohibited personnel practices also prohibits reprisal for such disclosures.
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A note disclosed that the allowance for uncollectible accounts had a balance of $33.2 million and $28.8 million at the end of 2020 and 2019, respectively. Bad debt expense for 2020 was $25.9 million. Required: Determine the amount of cash collected from customers during 2020. Note: All sales are on credit. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).
Answers
The amount of cash collected from customers during 2020 is $0 million.
To determine the amount of cash collected from customers during 2020, we need to consider the changes in the allowance for uncollectible accounts.
The formula to calculate the cash collected from customers is:
Cash collected from customers = Sales - Bad debt expense +/- Change in the allowance for uncollectible accounts
Given:
Allowance for uncollectible accounts at the end of 2020 = $33.2 million
Allowance for uncollectible accounts at the end of 2019 = $28.8 million
Bad debt expense for 2020 = $25.9 million
To find the sales, we can use the following formula:
Sales = Cash collected from customers + Bad debt expense + Change in the allowance for uncollectible accounts
Let's calculate the change in the allowance for uncollectible accounts:
Change in the allowance for uncollectible accounts = Allowance for uncollectible accounts at the end of 2020 - Allowance for uncollectible accounts at the end of 2019
Change in the allowance for uncollectible accounts = $33.2 million - $28.8 million = $4.4 million
Now, we can calculate the sales:
Sales = Cash collected from customers + Bad debt expense + Change in the allowance for uncollectible accounts
Plugging in the values we know:
Sales = Cash collected from customers + $25.9 million + $4.4 million
We are given that all sales are on credit, which means the cash collected from customers is equal to the total sales. Therefore:
Sales = Cash collected from customers
Plugging this into the equation:
Cash collected from customers = Cash collected from customers + $25.9 million + $4.4 million
Simplifying the equation:
Cash collected from customers = Cash collected from customers + $30.3 million
To solve for Cash collected from customers, we can rearrange the equation:
Cash collected from customers - Cash collected from customers = $30.3 million
0 = $30.3 million
This indicates that the amount of cash collected from customers during 2020 is $0 million.
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Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answers
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability
Answers
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,180,000. During 2018, costs of $2,060,000 were incurred with estimated costs of $4,060,000 yet to be incurred. Billings of $2,560,000 were sent, and cash collected was $2,310,000. In 2019, costs incurred were $2,560,000 with remaining costs estimated to be $3,690,000. 2019 billings were $2,810,000 and $2,535,000 cash was collected. The project was completed in 2020 after additional costs of $3,860,000 were incurred. The company's fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion.
Answers
Answer:
revenue recognized
2018 = $2,753,3882019 = $1,794,6922020 = $3,631,920gross profit
2018 = $693,3882019 = -$765,3082020 = -$228,080Explanation:
Percentage of 2018 2019 2020
completion method
Cost incurred in $0 $2,060,000 $4,620,000
previous year
+ Cost incurred $2,060,000 $2,560,000 $3,860,000
during the year
Total cost incurred $2,060,000 $4,620,000 $8,480,000
+ Estimated cost to $4,060,000 $3,690,000 $0
be incurred
Total estimated cost $6,120,000 $8,310,000 $8,480,000
to be incurred
Percentage of 33.66% 55.60% 100%
completion
Total revenue $8,180,000 $8,180,000 $8,180,000
Total revenue $2,753,388 $4,548,080 $8,180,000
recognized (% of completion x total revenue)
- Revenue recognized ($0) ($2,753,388) ($4,548,080)
in previous year
= revenue recognized $2,753,388 $1,794,692 $3,631,920
in current year
gain/loss 2018 2019 2020
Revenue $2,753,388 $1,794,692 $3,631,920
- Cost incurred ($2,060,000) ($2,560,000) ($3,860,000 )
Gross profit $693,388 -$765,308 -$228,080
What do you think the future trend of women's involvement in
marketing and executive level careers will be?
Answers
Future trend of women's involvement in marketing and executive level careers:
1. Increasing representation of women in leadership positions.
2. on diversity and inclusion.
3. Advancement in closing the gender pay gap.
4. Continued efforts to break gender stereotypes and biases.
5. Greater support for work-life balance and flexible work arrangements.
The future trend of women's involvement in marketing and executive level careers is expected to witness positive developments. Firstly, there will likely be an increasing representation of women in leadership positions. Organizations are recognizing the value of diverse perspectives and the benefits of gender-balanced leadership teams.
Furthermore, there will be a growing emphasis on diversity and inclusion, with companies actively working to create inclusive environments that support the advancement of women. This includes implementing policies and initiatives to ensure equal opportunities for career growth and development.
Efforts to close the gender pay gap are also expected to continue. As awareness grows, organizations are striving to address pay disparities and ensure equitable compensation for women in marketing and executive roles.
Breaking gender stereotypes and biases will remain an important focus. Society's perception of women's capabilities in leadership positions is changing, and organizations are challenging traditional norms to promote gender equality and recognize individual merit.
Additionally, there will be greater support for work-life balance and flexible work arrangements. Recognizing the importance of work-life integration, companies are adopting policies and practices that enable women to succeed in their careers while maintaining personal well-being and family responsibilities.
Overall, the future trend indicates a positive shift towards increased opportunities, recognition, and support for women's involvement in marketing and executive level careers, fostering a more diverse and inclusive professional landscape.
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Is money the root of all evil?
Answers
Answer:
No
Explanation:
the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.
hope it helps
:DD
Marianne was a computer programmer making almost $170,000 a year at a rate of $80 an hour for Big Tech. Ginger, her boss, demanded that she work 100 hours of overtime over the next month until a large project was complete. Marianne believes she is entitled to 100 hours of overtime pay. Under the Fair Labor Standards Act, how much overtime pay is she entitled to
Answers
Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
What is the overtime rate under the Fair Labor Standards Act?Under the Fair Labor Standards Act, the overtime rate is a time and a half.
Data and Calculations:Annual salary = $170,000
Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)
Overtime hours = 100 hours
Overtime pay = $12,000 (100 x $80 x 1.5)
Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
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Why can communicating with someone with a different background than yours present challenges?
Answers
The shift from D to D1 is called
Answers
From the graph shown, the shift from D to D1 is called a decrease in demand. Option A
What is a shift in demand graph?The shift from D to D1 in a demand graph is called a shift in the demand curve.
This means that there has been a change in the quantity demanded at every price point.
The shift can occur for several reasons, such as a change in consumer preferences, changes in income or wealth, changes in the availability of substitute or complementary goods, changes in the number of consumers, or changes in expectations about the future.
If the shift is to the right, it indicates an increase in demand, while a shift to the left indicates a decrease in demand.
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Drag the tiles to the correct boxes to complete the pairs.
Match the different resources to the scenarios where they are used.
natural resources
human resources
man-made resources
entrepreneurship
A power plant uses an Industrialdesign power generator to generate large-scale
electricity for the neighborhood.
A power plant uses coal to heat water and then converts it into steam, which
then turns the turbines.
>
A power plant is set up by a group of industrialists as they come together to
solve the power crisis in their nelghborhood.
A power plant employs local workers who work in shifts to keep the plant
running for most of the day.
Answers
Answer:
1. Man-made
2. natural resources
3. entrepreneurship
4. Human resources
Explanation:
Natural resources are those which are present in the environment and are limited in number.
The man-made resources are those where a power generator is used to initiate the electricity on large scale.The natural resources are those where the water is heated from coal and then converting it to steam for running the turbines.The entrepreneurship is represented when the industrialists come together to solve the power crisis of their own neighborhood.The human resources are those where the workers are working in shifts to keep their plants in running condition.Therefore, the given resources are matched with the scenarios in which they are used.
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What is the difference between features and benefits?
Answers
Answer:
The difference between features and benefits: A feature is a part of your product or service, while a benefit is the positive impact it has on your customer
Answer:
Explanation:
A feature is a part of your product or service, while a benefit is the positive impact it has on your customer.
Miguel’s employer pays $1,825 in health insurance and $93 in life insurance per year. he also gets $2,860 in paid time off per year. his monthly gross pay is $3,890. what are migual’s total job benefits per year?
Answers
Miguel’s total job benefits per year are $51,458.
Given information:
health insurance = $1,825 per year
life insurance = $93 per year
paid time off = $2,860 per year
monthly gross pay = $3,890
Calculating the total job benefits per year:
Total job benefits per year = health insurance(per year) + life insurance(per year) + paid time off(per year) + gross pay(per year)
Now, substituting the given values in the above equation we get:
Total job benefits per year = $1,825 + $93 + $2,860 + monthly gross pay × 12 months
Again, substituting the given values in the above equation we get:
Total job benefits per year = $4,778 + $3,890 × 12
= $4,778 + $46,680
= $51,458
Hence, the correct answer is $51,458.
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What is the relationship between data life cycle and data analysis process how are the two processes similar?
Answers
Data analysis is concerned with the use of tools to transform information and data life cycle is concerned with making informed decisions.
To find relevant information, aid inference, and in decision making, data analytics is the process of analyzing, cleaning, manipulating, and modeling data. Data analytics is used in several areas of business, science, and the social sciences and has many facets and methodologies. It includes many different techniques and has many different names.
Data mining is a specific type of data analysis that focuses on knowledge discovery and statistical modeling for predictive rather than purely descriptive purposes. Business intelligence refers to data analysis that is mainly based on aggregation and is mainly concerned with business information.
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The first paragraph of a business letter is the ____.
A. Introduction
B. Addresses
C. Conclusion
D. Supporting details
Answers
Answer:
A. Introduction is the first paragraph
Explanation:
You start with an introduction when writing a business letter
Describe ways that employee ethics can affect a company
Answers
Answer:
they can affect the company in different ways
Explanation:
so they can affect either negativly and positivly so it could go both ways
Answer: Employees make better decisions in less time with business ethics as a guiding principle; this increases productivity and overall employee morale. When employees complete work in a way that is based on honesty and integrity, the whole organization benefits.
Explanation:
1. Alma holds 80% of NBB Ltd unquoted companies. she gives 20% holding to her daughter. Shares holding on this date were valued at: Required: What is the value for IHT and capital gain tax (CGI) purposes? IHT: 100,000, CGT: 100,000 IHT 150,000 , CGT: 300,000 IHT: 150,00 , CGT: 100,000
Answers
Alma holds 80% of NBB Ltd unquoted companies. she gives 20% holding to her daughter. Shares holding on this date were valued at: Required: IHT: 150,00 , CGT: 100,000 is the value for IHT and capital gain tax (CGI) purposes
IHT and CGI tax purposes should be calculated based both on the value of the shares and the amount of shares owned. In this case, Alma holds 80% of the NBB Ltd unquoted company, and her daughter holds 20%. Assuming the value of the total shares is 100,000, this means that the value of Alma's holding is 80,000 and her daughter's holding is 20,000. The total value for IHT purposes is therefore 100,000 and the total value for CGT purposes is also 100,000. T
his is because for both taxes, the value being taxation is the total value of transfer of shares. If the value of shares increases to 150,000 then this would need to be reflected in the total IHT value, which would now become 150,000, while CGT purposes would need to be calculated on the difference between the original and final value, giving a total value of 300,000.
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Which of the following items would be included in GDP?
Welfare payments.
None of the choices would be included in GDP.
Purchase of new military aircraft by the government.
The value of domestic services provided by homemakers in the home.
Answers
None of the options would count toward GDP. Here option B is the correct answer.
The Gross Domestic Product (GDP) measures the monetary value of all final goods and services produced within a country's borders in a given period, typically a year. To determine whether an item should be included in GDP, it is important to consider whether it contributes to the production of goods and services and whether it is a final good or service.
Welfare payments, which are transfer payments made by the government to individuals, do not contribute to the production of goods and services and therefore would not be included in GDP. These payments are considered transfers since they do not represent the purchase of goods or services.
On the other hand, the purchase of new military aircraft by the government would be included in GDP since it represents a final good that contributes to the production of national defense. This purchase contributes to the economy's overall production and is therefore considered a part of GDP.
The value of domestic services provided by homemakers in the home, such as cooking, cleaning, and childcare, is not included in GDP. These services are not considered market transactions since there is no exchange of money and therefore are not included in GDP calculations.
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Complete question:
Which of the following items would be included in GDP?
A - Welfare payments.
B - None of the choices would be included in GDP.
C - Purchase of new military aircraft by the government.
D - The value of domestic services provided by homemakers in the home.
Based on concepts discussed in this course explain the
relationship between training, performance management and
discipline.
Answers
Training, performance management, and discipline are interconnected aspects of managing employee performance and behavior in an organization.
Training: Training refers to the process of developing employees' skills, knowledge, and competencies to perform their job effectively. It aims to improve their performance by providing them with the necessary tools and resources. Training programs can include orientation for new employees, skill-based training, leadership development, and continuous learning opportunities. Effective training enhances employee capabilities, which can positively impact their performance.
Performance Management: Performance management involves the ongoing process of setting goals, providing feedback, evaluating performance, and taking corrective actions to improve performance. It is a systematic approach to aligning individual and team performance with organizational objectives. Performance management includes regular performance evaluations, performance appraisals, and performance improvement plans. By providing feedback, identifying areas for improvement, and recognizing achievements, performance management aims to enhance employee performance and productivity.
Discipline: Discipline is the process of addressing employee misconduct or performance issues that fall below acceptable standards. It involves enforcing rules, policies, and procedures to maintain order and ensure adherence to organizational norms. Discipline can take various forms, such as verbal or written warnings, performance improvement plans, or even termination in severe cases. The purpose of discipline is to correct behavior, reinforce expectations, and maintain a positive work environment.
The relationship between these concepts can be explained as follows:
Training and Performance Management: Training plays a vital role in performance management by equipping employees with the necessary skills and knowledge to perform their job effectively. Effective training can improve employee performance and contribute to achieving organizational goals. Performance management, on the other hand, involves providing feedback and support to employees to enhance their performance. By assessing performance, identifying areas for improvement, and offering training opportunities, performance management complements training efforts and helps employees reach their full potential.
Performance Management and Discipline: Performance management and discipline are closely related in managing employee behavior and performance. Performance management involves evaluating performance and providing feedback. If performance issues arise, performance management may include corrective actions such as performance improvement plans. If an employee fails to improve or engage in misconduct despite performance management efforts, discipline may be necessary. Discipline provides consequences for unacceptable behavior or poor performance, with the goal of correcting behavior and maintaining standards within the organization.
Training, performance management, and discipline are interconnected aspects of managing employee performance. Training enhances skills and knowledge, performance management aligns performance with organizational goals, and discipline addresses misconduct or persistent performance issues. Together, these processes contribute to creating a productive and accountable workforce.
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Do you have any sales or negotiating experience? Tell me about one sale, or negotiation you completed at your previous position.
Answers
Yes. At my previous position, I was responsible for negotiating contracts with suppliers. One particular negotiation that stands out was when I was able to secure a 10% discount on a large order of supplies by demonstrating our loyalty as a long-term customer and highlighting our consistent business.
The importance of Sales and negotiating skillsSales and negotiating skills are essential in many roles and can make a significant impact on an organization's success.
If you have experience in this area, it's essential to highlight it during job interviews. When discussing a previous sale or negotiation, it's important to provide specific details such as the client's needs and goals, the strategies you employed, and the outcome.
Demonstrating your ability to close a deal, build relationships, and handle objections effectively can give potential employers confidence in your ability to succeed in a sales or negotiation role.
It's also helpful to discuss any challenges you faced and how you overcame them, as this can show your resilience and problem-solving skills.
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assume there is a multiplier effect, some crowding out, and no accelerator effect. an increase in government expenditures changes aggregate demand more, a. the larger the mpc and the stronger the influence of income on money demand. b. the smaller the mpc and the weaker the influence of income on money demand. c. the smaller the mpc and the stronger the influence of income on money demand.
Answers
The larger the MPC and the stronger the influence of income on money demand. The accelerator effect occurs when an increase in GDP causes capital investment spending to rise proportionately faster.
In other words, when an economy is income growing extremely fast, businesses frequently experience a rise in capital spending. An increase in the rate of growth of consumer demand results in an increase in enterprises' anticipated capital investments, which is known as a positive accelerator impact. For instance, increasing streaming service demand can prompt companies like Netflix and Disney+ to invest more in server infrastructure. According to the accelerator effect.
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a) You are asked to choose between two IT projects using the Net Present Value Model. Project A takes 5 years, it costs 5 Million dollar (whole cost should be paid before the project starts), it creates 10 Million dollar value 2 years after completion. Project B takes 3 years, it costs 1 Million dollar in the beginning and 3 Million dollar at conclusion, it creates 8 Million dollar value 3 years after completion. Assume interest rate at 5%. Write all the calculations. Which project would you choose? Provide justifications.
Answers
Project B would be the preferred choice because it has a higher NPV.
To decide which project to pursue using the Net Present Value (NPV) model, we must compute and compare the NPV of each project. The following is the NPV formula:
\(NPV = \frac{Cash Flow}{(1 + Interest Rate)^n} - Initial Investment\)
Where:
Cash Flow ⇒ the expected cash inflow for a specific year.
Interest Rate ⇒ the discount rate used to calculate the present value.
n ⇒ the number of years in the future the cash flow is expected.
Let's calculate the NPV for each project:
For Project A:
Year 0: Initial Investment = -5 million dollars (outflow)
Year 2: Cash Flow = 10 million dollars (inflow)
Year 5: Cash Flow = 0 (no cash flow)
Using an interest rate of 5%:
\(NPV_A =\frac{-5}{(1 + 0.05)^0} + \frac{10 }{(1 + 0.05)^2} + \frac{0}{(1 + 0.05)^5}\)
\(NPV_A\) = = -5 + 8.540 + 0 = 3.540 million dollars
For Project B:
Year 0: Initial Investment = -1 million dollars (outflow)
Year 3: Cash Flow = 8 million dollars (inflow)
Using an interest rate of 5%:
\(NPV_B = \frac{-1}{(1 + 0.05)^0}+\frac{8 }{(1 + 0.05)^3}\)
\(NPV_B\) = -1 + 7.512 = 6.512 million dollars
Comparing the NPV values, we see that \(NPV_B\) (6.512 million dollars) is greater than\(NPV_A\) (3.540 million dollars). Therefore, based on the Net Present Value model, Project B would be the preferred choice.
Justification:
The project with the greater positive NPV, according to the NPV model, should be chosen since it denotes a higher projected return on investment. In this instance, Project B has a greater NPV than Project A, which indicates that it is anticipated to provide more value in relation to its expenses. Therefore, selecting Project B would probably lead to a better financial outcome.
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Popularity increases a product’s
A. price
B. utility
C. life cycle
D. trial period
Answers
Answer:
life cycle
Explanation:
When a product has been popularized with adverts, people will know d product and will wanna try it out.Once this happens,the product will still be in existence prolonging the life cycle
What are the total expenses for Forks Gym for the month of March?
$500
$3500
$2000
$1000
Answers
Answer:
7,000 is the answer
Explanation:
which of the markets is the best example of monopolistic competition? the market for sugar snap peas the market for cola the fast food industry your town's utilities distributor(s) of electricity and water
Answers
The fast-food industry is the best example of monopolistic competition
What is a monopolistic competition?Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods. None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing. The way the market is set up results in a type of unfair competition.
Monopolistic competition has the following characteristics:
The existence of numerous businesses each business creates things that are comparable but different.
Companies do not accept prices.
Free admission and exit from the sector
Businesses compete on the basis of the goods' quality, cost, and marketing strategy
Hence, Companies engaged in monopolistic competition generate economic profits in the short term, but not over the long term.
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4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
Answers
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
Learn more about win-win outcomes here: brainly.com/question/32382869
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