The table below shows the quantity of iPods and innovations that can be produced in a year by a worker in the United States and a worker in China.
Task | U.S. Worker | Chinese Worker |
|---|---|---|
Assembly | 20,000 iPods per year | 5,000 iPods per year |
Research and Development | 10 innovations per year | 1 innovation per year |
Use the information and table above to complete and answer the following:
Explain the difference between absolute and comparative
advantage.
Will China and the U.S. benefit from trade? Please
explain.
Suppose a worker in the United States and a worker in China are each paid the value he/she adds to the firm. If the value added from each iPod assembly is $1.50, and the value added from each research and development innovation is $5,000, calculate the following:
The income a worker in the United States would receive from
production of iPods.
The income a worker in China would receive from production of
iPods.
The income received by a worker in each country from
innovation.
If workers in the United States wanted to maximize income, would
they produce iPods or innovations? What would workers in China
produce? Does your answer support the choice you made in Part
B?
In: Economics
You have been hired as a change management consultant for a
manufacturing company. The leadership of the company currently uses
a top-down management approach. The organizational structure is a
hierarchy (pyramid type). Employees are not encouraged to be
creative or make suggestions or decisions. They are also not
encouraged to experiment and come up with new solutions to
problems.The company has grown rapidly over the past decade, from
generating $1 million in sales to $100 million. In the past year,
the company expanded its business internationally and now has 500
employees worldwide. Due to the rapid growth of the company, the
organization has not invested in training and development
opportunities for its employees to drive innovation and process
improvements. Additionally, the company’s processes and software
systems for inventory management have become antiquated.
I need help answering these questions about the scenario
Discuss how four steps of the action research model could be applied to the change process (traditional organization to learning organization) for the company in the scenario.
Recommend two innovation strategies that management could use to transition the company in the scenario from a traditional organization to a learning organization and explain how one recommended innovation strategy would be used by management in the company's change process.
In: Operations Management
A researcher manipulates dependent variables in one or more treatments and then compares the effects of the treatments against the control group where subjects did not receive treatment.
Question 1 options:
|
True |
|
|
False |
Question 2 (5 points)
This theory includes four key elements: innovation, communication channels, time, and social system.
Question 2 options:
|
Innovation Diffusion Theory |
|
|
General Deterrence Theory |
|
|
Elaboration Likelihood Model |
|
|
Theory of Planned Behavior |
Question 3 (5 points)
Identify the social science theory that consist of two parties: principal and agent, which the principal employs the agent to perform certain tasks on its behalf.
Question 3 options:
|
Elaboration Likelihood Model |
|
|
Theory of Planned Behavior |
|
|
Agency Theory |
|
|
Innovation Diffusion Therapy |
Question 4 (5 points)
The study of the science of behavior and cognition (mental processes).
Question 4 options:
|
Psychology |
|
|
Sociology |
|
|
Political Science |
|
|
Cultural Anthropology |
Question 5 (5 points)
Who is Not considered a great thinker of the world that used an interdisciplinary approach to formulate theories and explanations of the world around them?
Question 5 options:
|
W.E.B. Dubois |
|
|
Karl Popper |
|
|
Madeline Albright |
|
|
Aristotle |
In: Psychology
JAVA RECURSION
public void recMethod(int[] array, int start, int end) {
if(start < end) {
print the array
double the value in the array at position start
recMethod(array, start+1, end)
print the array
} else {
print "done"
}
}
Assume the method is invoked with array = [3, 4, 6, 7, 8, 10, 4], start = 2, and end = 5
1.How many times is the array printed before the word "done" is printed?
2.How many times is the array printed after the word "done" is printed?
3.Which of the following is true?
a.The contents printed in the line directly before the "done" are the same as the contents printed in the line directly after the "done."
b.There is nothing printed out after the "done."
c.The contents printed in the line directly before the "done" are different from the contents printed in the line directly after the "done."
4.Which of the following is true?
a.All array print outs after the "done" show the same contents as each other.
b.The array print outs after the "done" are not all the same.
c.There are no array print outs after the "done."
In: Computer Science
Following data relates to GRD Photo Limited.
GRD Photo Limited
Statement of Financial Position
As of December 31
Share Capital and Reserves (Rs.’000) (Rs. ‘000)
2010 2009
Issued, subscribed and paid up capital 255,000 255,000
Retained earnings 62,000 20,000
317,000 275,000
Non-Current Liabilities
Bonds payable 72,500 -
Current Liabilities
Trade payable 28,000 17,000
Provision for taxation 12,000 5,000
40,000 22,000
Total Liabilities and Equity 429,500 297,000
Non-Current Assets
Equipment 337,000 215,000
Accumulated Depreciation Equipment (20,000) (40,000)
Long-term investments 10,000 55,000
327,000 230,000
Current Assets
Inventory 15,000 10,000
Prepaid expenses 12,000 7,000
Trade receivables 58,000 41,000
Cash and bank balances 17,500 9,000
102,500 67,000
Total Assets 429,500 297,000
Additional Information:
• Long-term investments comprising 'held-to-maturity' securities
carried at a cost of Rs.45 million were sold
for Rs.36 million during the year.
• Equipments costing Rs.58 million (carrying value Rs.12 million)
were sold for Rs.8 million.
• Financial charges of Rs.8.7 million were paid during the
year.
• Net profit after tax for the year ended December 31, 2010 was
Rs.52 million.
• Provision for taxation for the year was Rs.28 million.
• Dividends of Rs.10 million were declared and paid by the company
during the year.
Required:
Prepare Statement of Cash Flows for the year ended December 31,
2010 using indirect method as per the
requirements of IAS-7. Necessary workings must be shown.
In: Accounting
On January 5, 2020, Waterway Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 9% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock. It then completed these transactions.
| Jan. 11 | Issued 20,700 shares of common stock at $17 per share. | |
| Feb. 1 | Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a fair value of $52,200; a factory building with a fair value of $163,000; and land with an appraised value of $297,000. | |
| July 29 | Purchased 1,800 shares of common stock at $18 per share. (Use cost method.) | |
| Aug. 10 | Sold the 1,800 treasury shares at $15 per share. | |
| Dec. 31 | Declared a $0.35 per share cash dividend on the common stock and declared the preferred dividend. | |
| Dec. 31 |
Closed the Income Summary account. There was a $174,100 net income. |
Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.)
Prepare the stockholders’ equity section of Waterway Corporation’s balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.)
In: Accounting
On January 5, 2020, Marin Corporation received a charter
granting the right to issue 5,100 shares of $100 par value, 7%
cumulative and nonparticipating preferred stock, and 48,600 shares
of $10 par value common stock. It then completed these
transactions.
| Jan. 11 | Issued 19,900 shares of common stock at $16 per share. | |
| Feb. 1 | Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $52,500; a factory building with a fair value of $166,000; and land with an appraised value of $252,000. | |
| July 29 | Purchased 1,800 shares of common stock at $18 per share. (Use cost method.) | |
| Aug. 10 | Sold the 1,800 treasury shares at $15 per share. | |
| Dec. 31 | Declared a $0.45 per share cash dividend on the common stock and declared the preferred dividend. | |
| Dec. 31 |
Closed the Income Summary account. There was a $172,200 net income. |
1. Record the journal entries for the transactions listed above.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts. Record entries in the order displayed in the problem
statement. Round answers to 0 decimal places, e.g.
$5,275.)
2. Prepare the stockholders’ equity section of Marin
Corporation’s balance sheet as of December 31, 2020.
(Enter account name only and do not provide descriptive
information.)
In: Accounting
The first audit of the books of Carla Company was made for the year ended December 31, 2021. In examining the books, the auditor found that certain items had been overlooked or incorrectly handled in the last 3 years. These items are
1. At the beginning of 2019, the company purchased a machine for $561,000 (salvage value of $56,100) that had a useful life of 6 years. The bookkeeper used straight-line depreciation but failed to deduct the salvage value in computing the depreciation base for the 3 years.
2. At the end of 2020, the company failed to accrue sales salaries of $47,000.
3. A tax lawsuit that involved the year 2019 was settled late in 2021. It was determined that the company owed an additional $89,000 in taxes related to 2019. The company did not record a liability in 2019 or 2020 because the possibility of loss was considered remote, and charged the $89,000 to a loss account in 2021.
4. Carla Company purchased the copyright from another company early in 2019 for $54,000. Carla had not amortized the copyright because its value had not diminished. The copyright has a useful life at the purchase of 20 years.
5. In 2021, the company wrote off $87,000 of inventory considered to be obsolete; this loss was charged directly to Retained Earnings. Prepare the journal entries necessary in 2021 to correct the books, assuming that the books have not been closed. Disregard the effects of corrections on income tax.
In: Accounting
How does management determine how to classify each type of output from a joint process? Is this decided before or after production?
In: Accounting
Q1 Take a typical worker, Jordan. Before the onset of COVID-19, Jordon earned $30 per hour (after taxation) in their job. Assume that Jordan has no other sources of income or savings. Write down the equation of Jordan’s consumption budget constraint (for a single working day). Using a model with consumption on the vertical axis and hours of free time on the horizontal axis, plot Jordan’s budget constraint. Label all relevant elements of this diagram and state the value of the horizontal and vertical intercepts.
Q2 Now, add an indifference curve to the model you developed in Q1 and label it IC1. This indifference curve should be at a utility maximising point and show Jordan’s corresponding choice of consumption and hours of free time. As you have not been given any information regarding Jordan’s preferences, state one assumption that you have made about Jordan’s utility maximising choice and one assumption that you have made about the slope of Jordan’s indifference curve.
Q3 The arrival of COVID-19 brought financial hardship for Jordan’s employer. As a result, Jordan has had their hourly wage cut by 20% (a common occurrence around the world at the moment). Write down a new equation for Jordan’s consumption budget constraint (for a single working day). Using the same model developed in Q1-Q2, plot Jordan’s new budget constraint. Clearly state the value of the horizontal and vertical intercepts. MACQUARIE BUSINESS SCHOOL Department of Economics
Q4 Now, add a second indifference curve to the model you developed in Q1-Q3 and label it IC2. This indifference curve should be at a new utility maximising point and show Jordan’s corresponding choice of consumption and hours of free time. State what has happened to Jordan’s choice of consumption and free time. What can be said about Jordan’s overall level of utility after the onset of COVID-19?
Q5 Using the model created in Q1-Q4, show the income effect, substitution effect and overall effect of Jordan’s wage decrease. Compare the relative size of the income and substitution effects shown on your model. What can be inferred about Jordan’s preferences for free time and consumption from this comparison?
In: Economics