<u><em>Explanation</em></u>:
<u>Question 1.</u> These options apply;
- Create a culture of innovation by inviting and expecting employees to contribute new ideas.
- Hire people with new skills and perspectives and train current employees on new skills.
- Restructure the organization to be more customer-centric and make work processes more efficient.
<u>Question 2.</u> These options apply;
- Think about new possibilities for the organization.
- Spend a good deal of time determining what the problem is and find out what caused it.
- Create deadlines and checkpoints for solving the problem
<u>Question 3</u>
B. slow moving and stable
<u>Question 4</u>
D. incremental
<u>Question 5. </u>
D. made a proactive change
Answer:
The NPV of the project at 8.7 percent will be 4,802.58
Explanation:
We will calcualte the present value of the cash inflow:
<u>year 3: </u>
Inflow 11,900.00
time 3.00
rate 0.087
PV 9,265.28
<u>Year 4:</u>
Inflow 11,900.00
time 4.00
rate 0.087
PV 8,523.71
<u>Year 6:</u>
Inflow 50,500.00
time 6.00
rate 0.087
PV 30,613.58
Then, we will add them together and subtract the investment amount
NPV: 30,613.59 + 8,523.71 + 9,265.28 - 43,600 = 4,802.58
Answer:
Budgeted purchases for second quarter is 165000 pounds
Explanation:
The per unit requirement of material A is 2 pounds.
We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.
<u />
<u>End of first quarter</u>
The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.
Production requirement - Second quarter = 80000 * 2 = 160000
25% of 160000 = 40000 pounds
<u />
<u>End of second quarter</u>
The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.
Production requirement - Second quarter = 90000 * 2 = 180000
25% of 180000 = 45000 pounds
Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds
Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds
Answer:
The large application should be produced first by management in order to incorporate short run profit maximizing strategy.
Explanation:
In order to maximize profit in the short run by management, we need to calculate the unit profit per machine hour for each appliances. Using the following formulae, as shown below:
Unit Profit / Machine-hours per unit = Unit Profit per Machine hour
<u>Small Application</u>
40 / 20 = $2 per machine hour
<u>Medium Application</u>
115 / 40 = $2.875 per machine hour
<u>Large Application</u>
340 / 100 = $3.4 per machine hour
As per the above calculation the large application gives the highest profit per machine hour so should be produced first. Afterwards if any machine hour is left then medium application should be produced second and finally, small application third.
Maslow's<span> hierarchy of </span>needs is theory in psychology that is focused on the needs p<span>eople are motivated to achieve.It is a five-tier model.</span><span>
According to Maslow's need hierarchy, the advertised benefits of the product appeal to Josef's psychological, security, and safety needs.</span>
