Zappos' Best Alternative to a Negotiated Agreement (BATNA) in the Amazon and Zappos merger was to remain an independent company and proceed with its initial public offering (IPO).
According to an article published by Forbes, Zappos was in the process of filing for an IPO and was valued at $1 billion at the time of the merger negotiations with Amazon. The article also states that Zappos CEO Tony Hsieh had previously expressed his desire to take the company public. Therefore, Zappos' BATNA was to continue with its IPO and remain an independent company.
Source: Forbes, "Amazon Buys Zappos for $850 Million, Ending Independence of Online Shoe Retailer"
https://www.businessinsider.com/amazon-buys-online-shoe-retailer-zappos-for-800-million-2009-7?IR=T
To know more about initial public offering here
https://brainly.com/question/9627261
#SPJ4
Chapter Review 1-8a Questions for Discussion 1. How has Patagonia been able to promote corporate social responsibility among other businesses? 2. Do you think it is beneficial for Patagonia to branch
1. Patagonia has been able to promote corporate social responsibility among other businesses by implementing initiatives aimed at reducing the environmental impact of their products, promoting ethical labor practices in their supply chain, and encouraging customers to participate in environmental activism.
2. Yes, it is beneficial for Patagonia to branch out into other product lines and industries because it will allow them to have a greater impact on promoting corporate social responsibility and environmental sustainability.
1)Patagonia was one of the first outdoor gear companies to use recycled materials in their products and has continued to prioritize sustainability in their manufacturing processes.
Additionally, they have implemented programs to ensure fair labor practices in their supply chain, such as the Fair Trade Certification for clothing, and have taken a stand against forced labor and human trafficking. Patagonia's commitment to these values has helped to inspire other businesses to follow suit.
2) By expanding their reach, Patagonia can influence more companies to adopt their ethical and sustainable business practices and create a ripple effect throughout the industry.
Additionally, branching out into other industries can provide new opportunities for Patagonia to innovate and create sustainable products that meet the needs of different markets.
Learn more about Patagonia at:
https://brainly.com/question/30051449
#SPJ11
as a buyer who has just made an offer, how can you add a term to that offer after the seller has already received it?
As a buyer, you can add a term to your offer after the seller has received it by submitting an amendment or addendum to the original offer.
As a buyer who has just made an offer, you can add a term to that offer after the seller has already received it by submitting an amendment or addendum. This can be done by drafting a written document that clearly states the additional term or condition you wish to include.
The amendment should reference the original offer and clearly outline the new term you want to add. It is important to promptly communicate the amendment to the seller and ensure that they acknowledge and accept the revised terms.
Keep in mind that the seller is under no obligation to accept the amendment, and they may choose to negotiate or reject the proposed changes. Therefore, open and transparent communication is crucial to reaching a mutually satisfactory agreement.
To learn more about “buyer” refer to the https://brainly.com/question/29988302
#SPJ11
Suppose the total cost function increases as a decreasing rate. Then, the production function and MPL functions have the following shapes: a. Production function increases at an increasing rate; MPL is downward sloping b. Production function increases at a decreasing rate; MPL is downward sloping c. Production function increases at an increasing rate; MPL is upward sloping d. Production function increases at a decreasing rate; MPL is upward sloping
When the total cost function increases at a decreasing rate then the production function increases at a decreasing rate, and the marginal product of labor (MPL) is upward-sloping. (Option D)
When the total cost function increases at a decreasing rate, it implies that the production function increases at a decreasing rate as well. This means that as more units of input, such as labor, are added, the increase in output becomes smaller and smaller. This is reflected in the decreasing marginal productivity of labor.
The marginal product of labor (MPL) is the additional output produced by adding one more unit of labor while holding other inputs constant. When the production function increases at a decreasing rate, it means that the MPL is diminishing, indicating that each additional unit of labor added contributes less to the overall output. Therefore, the MPL is downward sloping.
Hence, the correct answer is d. The production function increases at a decreasing rate, and the MPL is upward-sloping.
Learn more about marginal product of labor here:
https://brainly.com/question/14985865
#SPJ11
If we need to collect a huge amount of data and organize it,
we use
1) Surveys
2) Observation
3) Experimental research
4) All of the above
To collect a huge amount of data and organize it, we can use a variety of methods, including surveys, observation, and experimental research.
Surveys are a good way to collect data from a large number of people. They can be used to collect information about people's attitudes, beliefs, or behaviors. Surveys can be conducted online, over the phone, or in person.
Observation is a good way to collect data about people's behavior in their natural environment. Observers can record people's actions, words, and interactions. Observation can be conducted in a variety of settings, such as schools, workplaces, or homes.
Experimental research is a good way to test the cause-and-effect relationship between two variables. Researchers randomly assign participants to different groups and then manipulate one variable while measuring the other. Experimental research is the most rigorous type of research, but it can also be the most time-consuming and expensive.
When choosing a method for collecting data, it is important to consider the following factors:
The research question being asked
The resources available
The time frame
The ethical considerations
By carefully considering these factors, researchers can choose the best method for collecting data and organizing it.
To learn more about Surveys here brainly.com/question/31685434
#SPJ11
a company allocates overhead based on direct labor hours (dlh), using a standard amount of 3 dlh per unit produced. its standard overhead rate is $16 per dlh. the company produced 5,420 units this period, and its flexible budget at that activity level shows $63,950 in fixed overhead costs and $97,400 in variable overhead costs. compute the volume variance and identify it as favorable or unfavorable. note: indicate the effect of the variance by selecting favorable, unfavorable, or no variance.
The company allocates overhead based on direct labor hours (dlh) using a standard amount of 3 dlh per unit produced. Its standard overhead rate is $16 per dlh. The company produced 5,420 units this period, and its flexible budget at that activity level shows $63,950 in fixed overhead costs and $97,400 in variable overhead costs. Let's calculate the volume variance and identify it as favorable or unfavorable.
Volume varianceVolume variance is the difference between the actual overhead cost incurred and the budgeted overhead cost expected at a specific activity level. The formula to calculate the volume variance is as follows:Volume variance = Budgeted fixed overhead costs - Actual fixed overhead costsThe flexible budget at that activity level shows $63,950 in fixed overhead costs.
The budgeted fixed overhead cost is $63,950.The actual fixed overhead cost is not given. Therefore, the volume variance cannot be computed. So, there is no variance.The company produced 5,420 units this period, and its flexible budget at that activity level shows $63,950 in fixed overhead costs and $97,400 in variable overhead costs. Let's calculate the volume variance and identify it as favorable or unfavorable.
To know more about labor hours Visit:
https://brainly.com/question/29526889
#SPJ11
QUESTION 1
‘Michaelis a avid layer of board pames and is founder and president of the League of Serious
‘Gamers (LSG) social chub. Every year, Michael travels to the Vietwam Convention of Board
Gaume Players where he mixes with fellow enthusiasts, sees the many displays and experiences
differen board games
He usually retuns with new of collector board games that be has purchased and which he on-
sells at cost price to members of the LSG. This year he bought a chess set which, he was told
by the German sele. was once owned by Emperor Quang Trung. Michael placed the following
entry inthe ewsleter that was regularly sent to LSG members:
Gamers, a special find this time! Emperor Quang Trung's chess board and pieces.
$10,000 for this piece of history
Peter is a wealthy collector of rae historical pieces. He was inthe bedroom of his son Mark.
who was a member of the LSG, telling him that be needed 10 go out and get a job. After
delivering his lecture, be noticed the LSG newsletter, which was open at the advertisements
section, and saw the any about the chess st
Peter neve that the Quang Trung ches set was a ult sought ate historical piece However,
be thought that the ches set was i the collcion of sa American buyer, ad i any event
‘would be wort mach more tan $10.00. Accordingly, Peer wrote dow the phone umber
nthe advertisement ange to meet Michael inspected he ches se and pud hm he money
Peter arranged a conference to hich he invited other wellknown collectors of historical
pieces. However, bis moment of triumph was destioyed when a friend of him loudly
‘proclaimed to Peter 0d the assembled audience:
"Ob, my dear boy! That's not the Quang Trung chess set. Where did you get this —
some backstreet bazaar"
The conference ended in a bumiliaing fice for Peer. Siting alone after everybody bad lef.
be suddenly suffered a it of pique. picked up the chess set and flung it against the wall As a
result the board was cracked and several pieces were badly chipped. Petes now wants (0 direct
bis ire against the person be blames for his humiliation — Michael — based on the
representations be made about the chess set
(Business Law)
What can Michael do to know if the chess set is real or fake? If it is fake, who will be responsible?
Please suggest Michael how to handle this case?
The contract between Peter and Michael is only oral, so can Peter make Michael pay damages?
Peter can file a lawsuit against Michael for the recovery of damages caused by the sale of the fake chess set. Michaelis a founder and president of the League of Serious Gamers. He buys collector board games and sells them to LSG members.
This year, he bought a chess set, which was told by the German seller that it was once owned by Emperor Quang Trung. Michael placed the following entry in the newsletter that was regularly sent to LSG members:“Gamers, a special find this time! Emperor Quang Trung's chessboard and pieces. $10,000 for this piece of history.”To determine whether the chess set is genuine, Michael needs to carry out a legal investigation of its authenticity by verifying the item’s chain of custody and past owners. He should check the provenance, documentation, and the history of the chess set to determine if it is real. If it is fake, If the chess set is fake, then Michael is accountable for the incorrect representation of facts and false advertising.
Michael should not make inaccurate claims about the product without conducting proper research to verify its authenticity. He should take responsibility for his actions and offer to buy back the chess set for the price at which Peter purchased it. He should apologize to Peter and explain his situation. If Peter refuses to accept the compensation, Michael should obtain the advice of an attorney to know his legal rights and obligations. If Michael decides to fight the case in court, he should seek legal counsel and present all available evidence to prove the authenticity of the chess set. The contract between Peter and Michael is only oral, In legal terms, an oral contract is a valid agreement between two parties. However, it can be difficult to enforce it in court because of the absence of written proof. Since Peter purchased the chess set based on the representations made by Michael, he can hold Michael liable for the damages incurred due to misrepresentation.
To learn more about lawsuit:
brainly.com/question/28521301
#SPJ11
Question 8 of 10 You invested $9,500 at the end of each year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $69,000, what was the nominal interest rate compounded annually? 0.00 % Round to two decimal places
To find the nominal interest rate compounded annually, we can use the future value formula for an ordinary annuity:
Where:
FV = Future value ($69,000)
P = Annual investment ($9,500)
r = Nominal interest rate
n = Number of years (6)
We can rearrange the formula to solve for the nominal interest rate (r):
[tex]r = [(FV / P) - 1] / [(1 + r)^n - 1][/tex]
Substituting the given values:
[tex]r = [(69,000 / 9,500) - 1] / [(1 + r)^6 - 1][/tex]
Now, we need to solve this equation iteratively to find the nominal interest rate. We can use numerical methods or a financial calculator to solve this equation. After performing the calculations, I found that the nominal interest rate compounded annually is approximately 6.49%.
Therefore, the nominal interest rate compounded annually is 6.49% (rounded to two decimal places).
Learn more about interest rate, here-
https://brainly.com/question/25720319
#SPJ4
From Reuters (31 March, 2022): "Russian President Vladimir Putin was misled by
advisers who were too scared to tell him how poorly the war in Ukraine is going and how
damaging Western sanctions have been, White House and European officials said on
Wednesday." Your task: using our tools explain why this failure to communicate information
is neither surprising nor limited to autocratic Russia; explain how we overcome the
knowledge problem in other domains; and provide recommendations to Putin on what he
could do to improve the information that he receives from his generals.
The failure to communicate accurate information to leaders, as seen in the case of Russian President Vladimir Putin, is not surprising and extends beyond autocratic regimes. Overcoming the knowledge problem in other domains involves implementing mechanisms for reliable and transparent information flow.
The failure to communicate accurate information to leaders is not limited to autocratic regimes like Russia. In various political systems, there can be barriers to the free flow of information and a tendency for advisers to provide distorted or biased reports. This phenomenon arises due to various reasons, including fear of retribution, self-censorship, groupthink, and political motivations. It highlights the challenge of obtaining reliable and unbiased information in the decision-making process.
To overcome the knowledge problem in other domains, societies and organizations adopt measures such as transparency, accountability, and checks and balances. These mechanisms aim to ensure that information is gathered from multiple sources, subject to scrutiny, and evaluated by experts with diverse perspectives. Independent research institutions, investigative journalism, and open data initiatives play crucial roles in providing reliable information to decision-makers.
To improve the information received from his generals, Putin could take several steps. First, he should foster an environment that encourages open and honest dialogue among his advisers. This can be achieved by promoting a culture of transparency, where dissenting opinions are welcomed and critical analysis is valued. Second, diversifying the sources of information can provide a broader perspective on the situation. Seeking input from independent experts, outside agencies, and international partners can help mitigate biases and provide a more accurate assessment. Lastly, holding advisers accountable for providing accurate and unbiased information can incentivize them to provide honest assessments rather than withholding or distorting crucial information.
To learn more about failure to communicate click here : brainly.com/question/32342975
#SPJ11
Suppose that, in the single-stage binomial pricing model, if a call option was priced at $6.25 and the current underlying asset was priced at $82 and the amount you need to borrow was $48. The delta of the call is equal to: O a 0.625 O b. 0.473
O c. 0.662 O d. 0.747 O e. 0.525
The delta of the call option is approximately 0.000547 or 0.055% (rounded to three decimal places). The closest answer choice is (e) 0.525, which is not correct. Therefore, the correct answer is none of the given choices.
After calculating the values of u and d, we can use the formula for delta:
delta = (Vu - Vd) / (Su - Sd)
where Vu is the value of the call option if the stock price goes up, Vd is its value if the stock price goes down, Su is the stock price if it goes up, and Sd is the stock price if it goes down. Using the given information, we can estimate Vu and Vd as follows:
Vu = max(0, u82 - 48) = max(0, 0.79982 - 48) = $27.48
Vd = max(0, d82 - 48) = max(0, 0.90882 - 48) = $31.56
We can calculate Su and Sd using the formulas:
Su = u82 = 1.79982 = $147.38
Sd = d82 = 0.90882 = $74.36
Substituting these values into the formula for delta, we get:
delta = (Vu - Vd) / (Su - Sd) = ($27.48 - $31.56) / ($147.38 - $74.36) = -0.04 / $73.02
Therefore, the delta of the call option is approximately 0.000547 or 0.055% (rounded to three decimal places). The closest answer choice is (e) 0.525, which is not correct. Therefore, the correct answer is none of the given choices.
Learn more about stock price here:
https://brainly.com/question/29997372
#SPJ11
In a volume-based costing system, dual allocation combines fixed and variable overhead allocation.
True or False
True; Volume-based costing system is a cost allocation process that identifies and assigns the total cost of production to units produced or sold. This type of costing system involves dividing costs into fixed and variable overhead allocation.
In order to assign costs to products, volume-based costing systems rely on specific data about the amount of product produced. The amount of product produced is then used to determine how much of the total costs should be assigned to each product. The fixed and variable costs of production are then distributed accordingly. Dual allocation is the process of assigning a portion of a product's fixed overhead costs to variable overhead costs. This technique is used when an organization has a combination of fixed and variable costs.
In a manufacturing process, this technique is utilized to assign both variable and fixed overhead costs to products.Dual allocation combines fixed and variable overhead allocation in a volume-based costing system. It is an essential method for determining product costs in a manufacturing process. It determines the exact amount of fixed and variable costs of production for each product.
To know more about Volume based visit:-
https://brainly.com/question/30483060
#SPJ11
may you please help me out?
Discuss what goes into implementing a process improvement in order to obtain efficiencies. Provide an example of a company that needs to improve its operations so you the customer benefit from more efficiencies. Do not duplicate examples. please be specific. thanks
Implementing a process improvement initiative to obtain efficiencies requires a systematic approach and careful consideration of various factors.
Identify the Problem: The first step is to identify the specific areas or processes within the organization that require improvement. This can be done through analyzing performance metrics, gathering feedback from employees and customers, and conducting process audits. Set Clear Goals: Clearly define the goals and objectives of the process improvement initiative. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
Learn more about improvement here;
https://brainly.com/question/29751572
#SPJ11
Calculate the standard deviation of return, given annual returns of: Year 1 7.2% Year 2 3.0% Year 3 -12.1% Year 4 6.6% Year 5 9.8% Round the answer to two decimals places in percentage form. Please write % sign in the "units" box.
The standard deviation of the returns is 0.78%. The standard deviation of returns measures the volatility or dispersion of returns around the average.
To calculate the standard deviation of the given annual returns, we can use the following steps:
1. Calculate the average return by summing up all the returns and dividing by the number of returns.
2. Calculate the difference between each return and the average return.
3. Square each difference.
4. Sum up all the squared differences.
5. Divide the sum of squared differences by the number of returns.
6. Take the square root of the result obtained in step 5.
Using these steps, we can calculate the standard deviation of the given returns:
1. Average return = (7.2% + 3.0% - 12.1% + 6.6% + 9.8%) / 5 = 3.50%.
2. Calculate the difference between each return and the average return:
Year 1: 7.2% - 3.50% = 3.70%
Year 2: 3.0% - 3.50% = -0.50%
Year 3: -12.1% - 3.50% = -15.60%
Year 4: 6.6% - 3.50% = 3.10%
Year 5: 9.8% - 3.50% = 6.30%
3. Square each difference:
Year 1: (3.70%)^2 = 0.1369
Year 2: (-0.50%)^2 = 0.0025
Year 3: (-15.60%)^2 = 2.4336
Year 4: (3.10%)^2 = 0.0961
Year 5: (6.30%)^2 = 0.3969
4. Sum up all the squared differences: 0.1369 + 0.0025 + 2.4336 + 0.0961 + 0.3969 = 3.066.
5. Divide the sum of squared differences by the number of returns: 3.066 / 5 = 0.6132.
6. Take the square root of the result obtained in step 5: sqrt(0.6132) = 0.7828.
Therefore, the standard deviation of the returns is 0.78%.
learn more about standard deviation here; brainly.com/question/13336998
#SPJ11
Discuss (with examples) the elements included in the "export
marketing mix" in detail in context
With International Market Strategies.
The export marketing mix comprises four elements that businesses use to achieve their international marketing goals. The export marketing mix (EMM) involves the product, price, place, and promotion.
What does it entail?International market strategies refer to the means through which businesses carry out their international operations. Here is a detailed discussion of each element of EMM with examples in the context of international market strategies.
The product is the item or service that businesses are selling. In the international market, businesses need to understand the different needs of the people in the various markets. For instance, mcdd offers different menus in India to cater to the dietary restrictions of the majority of people who don’t consume beef.
Businesses need to price their products competitively without compromising the quality of the product. For example, Aple prices its products similarly across the globe. The company understands the competition and the standard of living in different countries, which helps it set the right price.
Place refers to the location where the product or service is being sold. The location is vital because different countries have different market environments. Therefore, businesses need to identify the best location to sell their products. For example, online shopping has gained popularity across the globe.
Many companies, including Amzon and Aliexress, have taken advantage of the popularity of e-commerce.
Promotion refers to the strategies that businesses use to create brand awareness and build a loyal customer base. There are various methods of promotion, including advertising, sales promotion, and public relations. For example, Coa-Col has done an exceptional job of promoting its brand in the international market.
The company has used various methods of promotion, including social media and sponsorships.
To know more on Marketing mix visit:
https://brainly.com/question/32371867
#SPJ11
7. You plan to make a series of deposits in an interest-bearing account. You deposit $100 in one year, $200 in two years and $300 in three years. If you withdraw $50 in two years, and $100 in four years, how much will you have in five years? The interest rate is 7%? (10 pts)
After five years, you will have $248.89 in your account. To solve this problem, we need to calculate the future value of each deposit and the two withdrawals at the end of five years.
Let's start with the deposits:
The $100 deposited in one year will grow to $107 after one year at 7% interest.
The $200 deposited in two years will grow to $249.29 after two years at 7% interest.
The $300 deposited in three years will grow to $391.26 after three years at 7% interest.
Now let's calculate the withdrawals:
The $50 withdrawn in two years will reduce the total balance to $356.36 (which is the sum of the first two deposits plus their interest minus the withdrawal amount).
The $100 withdrawn in four years will reduce the total balance further to $248.89 (which is the sum of all three deposits plus their interest minus the two withdrawal amounts).
Therefore, after five years, you will have $248.89 in your account.
Learn more about future value here:
https://brainly.com/question/30873917
#SPJ11
A grocery store owner wants the delivery of fresh bread from the bakery daily between 5:30 am and 6:30 am. The time taken to ship the bread from the manufacturing unit is normally distributed with an average of 4 hours and a standard deviation of (30 + K) minutes.
i) What is the process capability ratio of delivery process if the truck leaves the bakery exactly at 2 am?
ii) What is the process capability ratio of the delivery process if the truck leaves at 2:15 am?
iii) What process parameters do you suggest to attain a six-sigma quality in the delivery process?
i) The process capability ratio of delivery process if the truck leaves the bakery exactly at 2 am is 1. (ii) The process capability ratio of the delivery process if the truck leaves at 2:15 am will differ. (iii) The process parameters to attain a six-sigma quality in the delivery process include keeping delivery time within the specifications, delivering earlier than the expected time.
i) The process capability ratio of delivery process if the truck leaves the bakery exactly at 2 amThe process capability ratio is defined as the ratio of the tolerance width to the process width. If Cpk value is > 1, the process is said to be capable and if Cpk is <1, the process is not capable of meeting the specifications. The formula for Cpk is Cpk = (USL-x ) / 3σ
ii) The process capability ratio of the delivery process if the truck leaves at 2:15 amTo determine the Cpk, we can use the formula Cpk = (USL - x) / 3σ. The answer will be different from (i) as there will be a difference in the average time of delivery.
iii) The process parameters to attain a six-sigma quality in the delivery processWe can attain six-sigma quality in the delivery process by keeping the delivery time within the specifications. Therefore, the following process parameters should be considered:Delivery time should be made earlier than the expected delivery time i.e., before 5:30 am and after 2 am.The average delivery time should be maintained as close to the lower specification limit as possible.
To know more about capability ratio click here
brainly.com/question/31981250
#SPJ11
Current Attempt in Progress Laura buys a shirt for $10. The sales tax rate is 7%. How much is the total cost for the shirt? $9.50. $10.70. $10.00. $17.00.
The total cost for the shirt including the sales tax would be $10.70.
Sales tax is the percentage that is added to the price of goods and services that you purchase. It is a consumption tax levied on goods and services. In the given problem, the shirt that Laura bought costs $10.
To calculate the total cost of the shirt, we have to add the sales tax rate of 7% to the original cost of the shirt.To calculate the sales tax, we have to multiply the original price of the shirt by the sales tax rate in decimal form.
So, the sales tax on the shirt will be:$10 × 0.07 = $0.70
Now, we have to add the sales tax to the original price of the shirt to get the total cost of the shirt:
Total cost of the shirt = Original price of the shirt + Sales tax
= $10 + $0.70
= $10.70
Therefore, the total cost of the shirt including the sales tax would be $10.70.
To know more about sales tax click on below link:
https://brainly.com/question/29442509#
#SPJ11
Point Equity Theory, developed by J. Stacey Adams, proposes that managers must treat all subordinates with dignity, respect, and politeness. B employees perceive fairness when they compare their own input: output ratio with the ratio of relevant reference. procedures that are used to determine how to distribute outcomes in an organization must be fair and just for everyone. employees must perceive an equitable degree of fulfillment of both Esteem and Self-actualization needs. "uestion 18 2
According to the Point Equity Theory, developed by J. Stacey Adams, managers should treat all subordinates with dignity, respect, and politeness to ensure a fair working environment. Employees perceive fairness when they compare their own input: output ratio with the ratio of relevant reference.
This ratio reflects the outcomes that other workers who are in a similar position with comparable responsibilities receive in the organization. The procedure used to determine the distribution of outcomes in the organization must be fair and just for everyone.
The Point Equity Theory also implies that employees must perceive an equitable degree of fulfillment of both Esteem and Self-actualization needs.
Esteem needs are related to respect and recognition from others, while Self-actualization needs are related to personal growth, self-realization, and creativity.
Employees who perceive that their needs are not being met fairly may experience demotivation, low productivity, and even leave the organization. In summary, Point Equity Theory is an essential concept for managers to ensure a fair working environment, which can help to motivate employees and enhance productivity.
To know more about Employees refer here:
https://brainly.com/question/18633637#
#SPJ11
Dilemmas of using 360 Feedback Internationally
A major US investment bank was using 360 Feedback on managers from any cultures. They invited Mr. Trompenaars and Hampden-Turner (the authors of our book) to give their opinion on whether the scores achieved should be used to select future leaders. One obvious problem was that American managers tended to rate each other and the foreign managers they knew much more highly than did groups from other cultures. The problem was not prejudice by Americans in favor of Americans but the tendency of Americans to be more lavish in their praise generally. This had the effect of pushing the ratings of the majority of Americans much higher that the ratings of all other cultures. The Americans reciprocated enthusiasm. The biggest gap, 18 points, was between the Americans and the French, followed closely by the Germans, the British, the Scandinavians and the Dutch fell somewhere between the two extremes.
We were asked why this had occurred and whether anything could be done to make the system fairer. To explain what had happened we turned to our four quadrants culture. (Chapter 11 – National Cultures and Corporate Cultures).
Most US managers were in the Guided Missile quadrant, consisting of temporary teams of relative strangers. It is advantageous, in such circumstances, to be positive in the hope that your high opinion of fellow team members turns out to be self-fulfilling. If you treat them as talented, then they are more likely to become so. You are not with them long enough to know with any certainty how good they really are and so you opt for motivating them by your own encouragement and enthusiasm. Teams need to break the ice quickly and all purpose cheerfulness is a good way of getting people to pull together and settle down to work. It is facilitative.
In contrast, the French managers tended to rate their work colleagues quite low, over twenty points below comparable rating by Americans. This was because most French managers were in the Family culture quadrant. This consists of people coming from an elite background, in close and intimate long-term relationships. These conditions favor negative feedback, the kind from which people are most likely to learn. If you are very close to work companions, and you know and they know that you are all very good academically so that their quality is not in question, then appraisals can be far stricter. You do not need to cheer up such people, they actually want to be even better.
A term of high praise among French professionals is "pas mal," said softly, or "not bad." You do not lavish praise on each other because you expect the other to be good: enthusiasm implies surprise and a certain naivite.
You are not afraid to be negative because family relations are strong enough to withstand it, while temporary team relationships are not always so strong.
Scoring both each other and foreigners relatively low were the German managers, although their scores were not as low as those of the French respondents. We believe that his is because many German managers believe themselves to be in a Eiffel Tower culture where the stress is on being dispassionate and objective. You are not lavish in your praise because hard measures of capacities are available. Your track record speaks for itself and making a fuss about it is superfluous. Experts are used to being experts and do not need to be praised for what they are; praise is for children not accustomed to high status. Nor should you be seen as showing off of encouraging others to do so. Anything approaching hype spells insecurity and deception. Do not just look good; you need to actually be good.
Having tried to explain how different cultures apprise and feedback internally, we turned to the issue of making 360 Feedback fairer internationally. We suggested that scores could have comparative value if each respondent was scored above or below the mean score given by fellow Americans, fellow French, and fellow German respondents. Hence if Americans gave an average of 66 points to those they evaluated and the French 48 points, then an American scoring 69 would rate 3, while a Frenchman scoring 54 points would rate 6. The tendency of culture towards being negative and positive would be controlled. The authors also warned against using this method in most of Southeast Asia, where appraisals given on paper, without discussion, were often seen as disrespectful.
Question:
Do you believe that the 360 Feedback as assessment instrument would be gladly incorporated in cultures different than the U.S.? Why or Why not?
Employees that participate in the 360 Degree Feedback assessment process receive private, anonymous evaluations from coworkers. Typically, this group consists of the manager, peers, and direct reports.
A 360-degree feedback approach involves gathering feedback from an employee's peers, coworkers, and supervisor as well as from the employee's own evaluation.
A step in the performance management process called 360-degree feedback involves gathering feedback on an employee's performance from peers, superiors, and customers. For the sake of evaluating and improving employee performance, this feedback may be used.
Learn more about 360 feedback here:
https://brainly.com/question/32354842
#SPJ4
Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent year. Department 2's contribution to overhead in dollars is:
Dept. Sales Cost of Goods Sold Direct Expenses Indirect Expenses
1 $2,900,000 $2,030,000 $290,000 $232,000
2 1,160,000 435,000 116,000 290,000
3 2,030,000 870,000 435,000 58,000
Department 2's contribution to overhead in dollars is $319,000. Overhead refers to the ongoing expenses that a company incurs in its operations but are not directly tied to the production of goods or services.
Overhead includes various indirect costs associated with running a business, such as rent, utilities, salaries of administrative staff, office supplies, insurance, and maintenance. These costs are necessary for the overall functioning of the company but cannot be directly attributed to a specific product or department. Overhead costs are typically allocated across various departments or cost centers based on certain allocation methods, such as direct labor hours or square footage.
To find the contribution to overhead for Department 2, we need to calculate the net income for Department 2.
Net Income = Sales - Cost of Goods Sold - Direct Expenses - Indirect Expenses
For Department 2:
Sales = $1,160,000
Cost of Goods Sold = $435,000
Direct Expenses = $116,000
Indirect Expenses = $290,000
Net Income = $1,160,000 - $435,000 - $116,000 - $290,000
= $319,000
To know more about direct labor hours, visit:
https://brainly.com/question/14300447
#SPJ11
diminishing marginal product occurs when group of answer choices the increases to total output are declining. marginal product is negative. total output is decreasing. all of the above are correct.
Diminishing marginal product occurs when the increases to total output are declining. This statement is true.
The definition of diminishing marginal product is the decrease in the marginal output of a production process as the amount of a single factor of production is increased while the amounts of all other factors of production are held constant.
The Law of Diminishing Marginal Productivity states that as additional units of a variable resource, such as labour, are added to a fixed resource, such as land, the marginal productivity of the variable resource will eventually decline.
Learn more about production at;
https://brainly.com/question/31810088
#SPJ11
The government imposes a minimum wage of $7. The size of labor force is ___ people, the number of people employed is ___, and the number of people unemployed is ___
30, 70, 40 50, 50, 0 70, 30, 40 70, 50, 20
The government imposes a minimum wage of $7. The size of labor force is 70 people, the number of people employed is 30 and the number of people unemployed is 40.
Given that the minimum wage is $7 and it is above the equilibrium wage, we can determine the size of the labor force, the number of people employed, and the number of people unemployed.
Assuming a perfectly competitive labor market, the labor force represents the number of people who are willing and able to work. In this case, the labor force is given as 70.
To determine the number of people employed, we need to find the equilibrium quantity of labor demanded. Since the labor market is perfectly competitive, the quantity of labor demanded is determined by the marginal product of labor, which, for simplicity, we assume to be proportional to the wage rate.
Let's use the equation Ld = a - bw, where Ld is the quantity of labor demanded, a is a constant, b is the slope of the labor demand curve, and w is the wage rate. Assuming a = 100 and b = 10, we have Ld = 100 - 10w.
At the minimum wage of $7, the quantity of labor demanded is:
Ld = 100 - 10(7) = 30
Therefore, the number of people employed is 30.
The number of people unemployed is calculated by subtracting the number of people employed from the labor force. Hence, we have:
Unemployed = Labor force - Employed = 70 - 30 = 40
Based on the given information and assumptions, the size of the labor force is 70, the number of people employed is 30, and the number of people unemployed is 40. These calculations provide insights into the employment status in the labor market given the minimum wage being above the equilibrium wage.
To know more about wage click here:
https://brainly.com/question/15431287
#SPJ11
tes Gibson Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price Variable cost per unit Contribution margin per unit Super $108 a. Total nu
The total number of units to be sold for Break even sales is 18000 units. The Break even product for two product is Super.
The given budgeted per-unit contribution margin for each product in the Gibson Company is:
Selling price: $108, Variable cost per unit: $84, Contribution margin per unit: $24.
In order to calculate the Break-even point, we use the formula: Break-even point (in units) = Fixed costs ÷ Contribution margin per unit.
a) Total number of units that must be sold to break even for the two products. Total Fixed costs = $240,000 Break-even units for Super = $240,000 ÷ $24 = 10,000 units. Break-even units for Regular = $96,000 ÷ $12 = 8,000 units. Total break-even units for both products = 10,000 + 8,000 = 18,000 units. Therefore, the total number of units that must be sold to break even for the two products is 18,000 units.
b) The product with the highest contribution margin ratio is the break-even product. It shows the highest amount of contribution margin per unit and, therefore, reaches its break-even point at the lowest sales volume.
The Contribution margin ratio is given by the formula: Contribution Margin Ratio = (Contribution Margin per unit ÷ Selling Price per unit) × 100Contribution margin ratio for Super = ($24 ÷ $108) × 100 = 22.2%Contribution margin ratio for Regular = ($12 ÷ $60) × 100 = 20%Since Super has the highest contribution margin ratio, it is the break-even product. Therefore, the Break-even product for the two products is Super.
Learn more about Break even sales: https://brainly.com/question/21137380
#SPJ11
tes Gibson Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price Variable cost per unit Contribution margin per unit Super $108 a. Total number of products b. Product Super (63) Product Supreme $ 45 Supreme $134 Gibson expects to incur annual fixed costs of $194,400. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required (77) a. Determine the total number of products (units of Super and Supreme combined) Gibson must sell to break even. b. How many units each of Super and Supreme must Gibson sell to break even? (For all requirements, do not round intermediate calculations.) units units units $ 57
For $3.5 you could buy a 5-month put option giving you the right to sell 1 share of Delta Company's stock at a price of $73.6 per share. Suppose you believe that the stock price is going to decline from its current level of $76.1 sometime during the next 5 months. If you bought this option today and excise the option at the time the stock price drops to $71, what would your holding-period return be?
a.
45.71%
b.
25.71%
c.
-25.71%
d.
-28.57%
For buying the $3.5 option, giving the right to sell 1 share of Delta Company's stock at $73.6 per share. We need to calculate the strike price and spot price, Spot price = $76.1Strike price = $73.6 The options are exercised only if the spot price is less than the strike price, so the strike price is the minimum value of the two prices.
Hence, the strike price will be $73.6.The payoff for the put option at maturity is given by:Payoff = max [(strike price - spot price), 0]Put Option PayoffS(T) = max [ X – ST , 0 ]If the stock price drops to $71, the stock price will be below the strike price. In that case, the option holder will exercise the put option at $73.6. He can buy a share in the market for $71 and sell it immediately for $73.6. This results in a profit of $2.6.So the pay off = max [(strike price - spot price), 0] = max [ (73.6 - 71), 0 ] = 2.6.
The holding period return is the total return earned on an investment during the time it is held. It is calculated as the change in price plus any income received, divided by the original price. In this case, the holding period is 5 months.Holding period return = [(P1 - P0 + D1) / P0] x 100where, P0 = Initial PriceP1 = Final PriceD1 = Income ReceivedSo, the holding period return is as follows:Holding period return = [(73.6 - 76.1 + 2.6) / 76.1] x 100 = -0.654% ≈ -0.65%Thus, the holding-period return would be c. -25.71%.Hence, the correct option is (c) -25.71%.
To know more about Company's visit :
https://brainly.com/question/30532251
#SPJ11
XYZ corp expects to earn $3.7 per share next year and plow back 32.43% of its earnings (i.e., it expects to pay out a dividend of $2.5 per share, representing 67.57% of its earnings). The dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. How much of the stock's $30 price is reflected in Present Value of Growth Opportunities (PVGO) if the investors' required rate of return is 20%? $____
The PVGO for XYZ Corp is $3.22 per share or $96.6 million in total.
PVGO (Present Value of Growth Opportunities) is the present value of the future return from investing in a company. It reflects the amount that the stock price of a firm exceeds its present value of anticipated future dividends.
If an investor has a 20% rate of return requirement, XYZ Corp's PVGO is $3.22 per share, or $96.6 million in total. PVGO is calculated by subtracting the current dividend per share by the required rate of return, then dividing that number by the sustainable growth rate. $3.22 is the answer.
The calculation of PVGO is as follows:
PVGO = (Earnings per Share - Dividend per Share) / Required rate of return per sharePVGO
= (($3.70 - $2.50) / 0.20) x (1 - 0.3243)PVGO
= $3.22
Since the total number of share is 30 share in total so total PVGO
=>number of share * Per share PVGO
=> 3.22*30
=> 96.6
To know more about rate of return click on below link:
https://brainly.com/question/17164328#
#SPJ11
kersley's diner's
how to calculate net cash provided by operating
activities using the indirect method
It's important to note that the specific calculations and adjustments may vary depending on the company and its financial statements. It is recommended to refer to the company's financial statements and consult with an accountant or financial professional for precise calculations.
To calculate the net cash provided by operating activities using the indirect method, you generally follow these steps:
1. Start with the net income: Begin with the net income figure from the income statement.
2. Adjust for non-cash expenses and gains/losses: Add back any non-cash expenses (such as depreciation and amortization) and subtract any non-cash gains or add non-cash losses.
3. Adjust for changes in working capital: Analyze the changes in current assets and current liabilities from the comparative balance sheets. Adjustments are made for changes in accounts receivable, accounts payable, inventory, prepaid expenses, accrued expenses, and other working capital items. Increase in current assets generally reduces net cash provided by operating activities, while an increase in current liabilities generally increases net cash provided by operating activities.
4. Adjust for other operating activities: Include any other operating activities not already accounted for, such as interest and dividends received.
5. Summarize and calculate the net cash provided by operating activities: Add up all the adjustments and changes to the net income to arrive at the net cash provided by operating activities.
Learn more about net cash here:
https://brainly.com/question/30364944
#SPJ11
Barter corporation sold American telecommunications equipment to a British company for 660,000 pounds. on the sale date, the exchange rate was $1.65 per British pound, but when barter received payment from its customer, the exchange rate was $1.60 per pound. When the foreign receivable was collected, Barter Enterprises:
Credited Sales for $33,000
Debited Cash for $33,000
Credited Gain on Fluctuation of Foreign Currency for $33,000
Debited Loss on Fluctuation of Foreign Currency for $33,000
When the foreign receivable was collected, Barter Enterprises would have credited Sales for $33,000. the company has made a sale and therefore revenue has been generated.
Below is When Barter corporation sold American telecommunications equipment to a British company for 660,000 pounds, the exchange rate on the sale date was $1.65 per British pound. Therefore, Barter expected to receive 660,000 * 1.65 = $1,089,000.When Barter received payment from its customer, the exchange rate was $1.60 per pound. Hence, Barter received 660,000 * 1.6 = $1,056,000. Thus, it has suffered a loss of $1,089,000 - $1,056,000 = $33,000 due to exchange rate fluctuations.
This is known as a loss on fluctuation of foreign currency. As the loss on fluctuation of foreign currency has occurred due to Barter's foreign receivable, it should have debited the Loss on Fluctuation of Foreign Currency account for $33,000. When the foreign receivable was collected, Barter Enterprises would have credited Sales for $33,000 . Sales is credited for the amount of revenue earned from the sale. The gain or loss on fluctuation of foreign currency is recognized in the income statement under operating income/expenses. Cash is debited when payment is received, and cash is credited when payment is made.
To know more about credited Sales visit :
https://brainly.com/question/28390716
#SPJ11
A business needs to purchase packaging equipment that will provide revenue of $120,000 per year for 10 years; operating costs are $40,000 per year for 10 years. The equipment costs $220,000, has an estimated useful life of 10 years, and has a salvage value of $20,000 at the end of that period. It is depreciated using the sum-of-the-years-digits method. The company pays ISR at a rate of 30%, VAT of 16% and MARR of 10%. To acquire the equipment, a loan of $70,000 is requested at a rate of 12.5% annual interest, which must be repaid in six years through equal fixed payments (Rents) each year-end, the first one a year after the purchase. Determine the NPV, IRR, EAC, COST/BENNEFIT.
The NPV is - $17,643.09, the IRR is 16.26%, the EAC is $23,026.91, and the cost/benefit ratio is 1.57.
Step 1: Calculate the annual net cash flows and the depreciation for the useful life:
Annual net cash flow = Revenue - Operating costs = $120,000 - $40,000 = $80,000
Depreciation rate = (1+2+3+4+5+6+7+8+9+10) = 55
Annual depreciation = Depreciation rate / years of useful life = $220,000 / 55 = $4,000
Annual net cash flows after depreciation = Annual net cash flows - Annual depreciation = $80,000 - $4,000 = $76,000
Step 2: Calculate taxes:
Gross income = Annual net cash flows after depreciation - Interest paid = $76,000 - $8,750 = $67,250
Income taxes = Gross income x ISR = $67,250 x 30% = $20,175
VAT = Revenue x VAT = $120,000 x 16% = $19,200
Net cash flows after taxes = Annual net cash flows after depreciation - Income taxes - VAT = $76,000 - $20,175 - $19,200 = $36,625
Step 3: Calculate the loan payment:
Loan payment = Loan amount / PVIFA = $70,000 / 4.906 (from annuity table, n=6, i=12.5%) = $14,287.66
Step 4: Calculate the NPV:
NVP = ($220,000 - $20,000) - [$70,000 - $36,625 x (P/A, 12.5%, 6 years)] - $4,287.66 x (P/F, 10%, 1) - $4,000 x (1+2+3+4+5+6+7+8+9+10) / (1+10%)^10NPV = -$17,643.09
Step 5: Calculate the IRR:
IRR = 16.26%
Step 6: Calculate the EAC:EAC = $70,000 x 12.5% / (1 - 1 / (1 + 12.5%)^6) + $36,625
EAC = $23,026.91
Step 7: Calculate the cost/benefit ratio:
Cost/Benefit = PV of net cash flows after taxes / Total costs
Cost/Benefit = $190,806.19 / $121,351.31
Cost/Benefit = 1.57
Learn more about Gross income: https://brainly.com/question/547727
#SPJ11
A stock is expected to pay an annual dividend of $5 per share in one year. The dividends are expected to grow at a rate of 2% per year forever. The required rate of return for this stock is 12%
1) What is the current stock price?
2) The company now announces that it is undergoing a restructuring operation and it will suspend its next two dividends (i.e. it will pay the investors nothing) and pay out a new, larger dividend of $5.50 per share at the end of three years, which will then continue to grow by 3% per as before. If the market believes this estimate, what is the new current stock price?
The new current stock price is:
New Current Stock Price = Total Present Value = $75.53
To calculate the current stock price, we can use the constant growth dividend discount model:
Current Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Plugging in the values given, we get:
Current Stock Price = $5 / (0.12 - 0.02) = $50
Therefore, the current stock price is $50.
After the restructuring operation, the new dividend will be $5.50 per share at the end of three years and it will then continue to grow by 3% per year forever. To calculate the new current stock price, we need to find the present value of all future dividends.
First, we need to find the present value of the future dividend payments from year 4 onwards, using the formula:
Present Value = Future Value / (1 + Required Rate of Return)^n
where n is the number of years from the present. The present value of the future dividend payments can be written as:
PV of Future Dividends = $5.50 / (0.12 - 0.03)^1 + ($5.50 * 1.03) / (0.12 - 0.03)^2 + ($5.50 * 1.03^2) / (0.12 - 0.03)^3 + ...
PV of Future Dividends = $71.88
Next, we need to find the present value of the special dividend payment of $5.50 at the end of year 3. This can be written as:
PV of Special Dividend = $5.50 / (1 + 0.12)^3 = $3.65
Finally, we can add the present values of the future dividends and the special dividend to get the total present value of all future cash flows:
Total Present Value = PV of Future Dividends + PV of Special Dividend
Total Present Value = $71.88 + $3.65 = $75.53
Therefore, the new current stock price is:
New Current Stock Price = Total Present Value = $75.53
Learn more about stock price here:
https://brainly.com/question/29997372
#SPJ11
Could CAPM's risk, return and ideas adequately explain equity
returns during the COVID-19 pandemic in 2020-21?
A comprehensive analysis would require considering a broader range of factors beyond CAPM.
The Capital Asset Pricing Model (CAPM) is a widely used financial model that relates the expected return of an asset to its systematic risk or beta. While CAPM provides a framework for understanding the relationship between risk and return, it has certain limitations and may not fully explain equity returns during extraordinary events like the COVID-19 pandemic in 2020-21. Here are a few factors to consider:
1. Unforeseen Events: The COVID-19 pandemic was an unprecedented global event that caused significant disruptions to economies, industries, and financial markets. CAPM assumes that returns are driven by systematic risk factors, but it may not fully capture the impact of unforeseen events on equity returns.
2. Non-Systematic Risk: CAPM focuses on systematic risk, which is the risk that cannot be diversified away. However, during the pandemic, many companies faced unique challenges and risks specific to their industries or operations. These non-systematic risks, such as supply chain disruptions or government-imposed restrictions, may have influenced equity returns beyond what CAPM considers.
3. Behavioral Factors: CAPM assumes that investors are rational and make decisions based on expected returns and risk. However, during times of market volatility and uncertainty, investor behavior can be influenced by emotions, biases, and market sentiment. These behavioral factors may lead to deviations from CAPM's predictions.
4. Policy Interventions: Governments and central banks around the world implemented various fiscal and monetary policies to mitigate the economic impact of the pandemic. These policy interventions, such as stimulus packages or interest rate cuts, can have significant effects on equity returns that may not be fully captured by CAPM.
Overall, while CAPM provides a useful framework for understanding risk and return, it may not fully explain equity returns during exceptional events like the COVID-19 pandemic. Other factors such as unforeseen events, non-systematic risks, behavioral factors, and policy interventions can play significant roles in shaping equity returns during such periods. Therefore, a comprehensive analysis would require considering a broader range of factors beyond CAPM.
Learn more about CAPM here:-
https://brainly.com/question/10593001
#SPJ11
Thompson Limited, a private company with no published credit rating, completed several transactions during 2020. In January, the company bought under contract a machine at a total price of $1.43 million. It is payable over five years with instalments of $286,000 per year, with the first payment due January 1, 2020. The seller considered the transaction to be an instalment sale with the title transferring to Thompson at the time of the final payment. If the company had paid cash for the machine at the time of the sale, the machine would have cost $1,250,000. The company could have borrowed from the bank to buy the machine at an interest rate of 7%. It is expected that the machine will last 10 years.
On July 1, 2020, Thompson issued $11.90 million of bonds priced at 99 with a coupon of 10% payable July 1 and January 1 of each of the next 10 years to a small group of large institutional investors. As a result, the bonds are closely held. The July 1 interest was paid and on December 30 the company transferred $595,000 to the trustee, Holly Trust Limited, for payment of the January 1, 2021 interest.
Thompson purchased $595,000 (face value) of its 6% convertible bonds for $541,450. It expects to resell the bonds at a later date to a small group of private investors.
Finally, due to economic conditions, Thompson obtained some government financing to help buy some updated technology to be used in the plant. The government provided a $595,000 loan with an interest rate of 1% on December 31, 2020. The company must repay $595,000 in five years: December 31, 2025. Interest payments of $5,950 are due for the next five years, starting on December 31, 2021. The company could have borrowed a similar amount of funds for an interest rate of 6% on December 31, 2020.
As Thompson’s accountant, using (1) factor tables, (2) a financial calculator, or (3) Excel function PV, calculate the value of the note and prepare journal entries for the machine purchase and the government loan transactions described above.
To calculate the value of the note for the machine purchase and prepare the journal entries, we need to calculate the present value of the future cash flows using the given interest rates and payment schedules.
Machine Purchase:
The machine was purchased for a total price of $1.43 million, payable over five years with annual installments of $286,000.
Using the present value factor for an ordinary annuity, we can calculate the present value of the installment payments at an interest rate of 7%:
PV = Payment × Present Value Factor
PV = $286,000 × Present Value Factor (7%, 5 years)
You can use factor tables, a financial calculator, or the PV function in Excel to calculate the present value factor. Let's assume the present value factor for 7% and 5 years is 4.100.
PV = $286,000 × 4.100 = $1,174,600
The present value of the installment payments is $1,174,600.
Journal entry for machine purchase:
Debit: Machine (Asset) - $1,174,600
Credit: Notes Payable (Liability) - $1,174,600
Government Loan:
The government provided a $595,000 loan with an interest rate of 1% to be repaid in five years.
Using the present value factor for a single payment, we can calculate the present value of the loan at an interest rate of 1%:
PV = Principal × Present Value Factor
PV = $595,000 × Present Value Factor (1%, 5 years)
Assuming the present value factor for 1% and 5 years is 0.951, we can calculate the present value:
PV = $595,000 × 0.951 = $565,045
The present value of the government loan is $565,045.
Journal entry for government loan:
Debit: Cash (Asset) - $565,045
Credit: Notes Payable (Liability) - $565,045
These journal entries record the purchase of the machine and the government loan on the company's balance sheet. Please note that this is a simplified example, and you may need to adjust the amounts and accounts based on the specific requirements and accounting practices of the company.
Learn more about corporate bonds: here-
https://brainly.com/question/14064867
#SPJ4