Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of course, your choice is not purely financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows:
If you take the "get a job" route you expect to start off with a salary of $40,000 per year. There is no way to predict what will happen in the future, your best guess is that your salary will grow at 5 percent per year until you retire in 40 years. As a law student, you will be paying $25,000 per year tuition for each of the 3 years you are in graduate school. However, you can then expect a job with a starting salary of $70,000 per year. Moreover, you expect your salary to grow by 7 percent per year until you retire 35 years later.
Clearly, your total expected lifetime salary will be higher if you become a lawyer. However, the additional future salary is not free. You will be paying $25,000 in tuition at the beginning of each of the 3 years of law school. In addition, you will be giving up a little more than $126,000 in lost income over the three years of law school: $40,000 the first year, $ 42,000 the second year, and $44,100 the third year.
a. To start your analysis of whether to go to law school, calculate the present value of the future earnings that you will realize by going directly to work, assume a discount rate of 3 percent.
b. What is the present value today of your future earnings if you decide to attend law school, assuming a discount rate of 3 percent? Remember that you will be in law school for 3 years before you start to work as a lawyer. (Hint: assume that you are paid at the end of each year so that your first salary payment if you decide to go to law school occurs 4 years from now.)
c. If you pay your law school tuition at the beginning of each year, what is the present value of your tuition, assuming a discount rate of 3 percent?
In: Finance
Throughout this course, you will review scenarios involving Company A, which has been acquired by Company B. Company A was founded in 1956 in Mobile, Alabama. The average age of its workforce is 57 and it is comprised of 40% Caucasian and 85% male. Company B was founded in 1997 in San Francisco, California. The average age of its workforce is 35 and it is comprised of 45% Caucasian and 50% male.
These two companies have been staunch competitors in the marketplace for several years and the employees of Company A are resentful of integrating with their former rival. There are many strategic and ethical challenges involved in this acquisition. A few of the goals of the acquisition project are listed below:
Managing the Communication and Information Sharing:
The company wants to keep employees informed of how the acquisition will impact them.
The company wants to be sure that they provide enough information to satisfy the employees, but not provide so much that the employees feel overwhelmed.
The company wants to be sure that the timing of the
communication matches their execution of the changes within the two
organizations.
Managing the Consolidation and Changes:
There is no doubt that there will be layoffs as a result of the acquisition. The company wants to do what is best for the acquisition in a way that inflicts the least amount of harm to the existing employees.
The company wants to make the decisions about who to layoff in the fairest way possible.
The company wants to try and limit exposure to potential
discrimination (age and gender) stemming from the
layoffs.
Managing the Relocations of Some the Employees:
Another impact of acquisitions is that employees may be asked to relocate in order to maintain employment in the newly formed organization.
The company wants to manage the expenses and potential disruption with the relocations.
The company wants to assess relocations verses hiring new employees locally.
Let us look at the role and responsibilities of HR managers regarding managing the company’s goals related to the recent acquisition.
Instructions:
You have a wide variety of employees encompassing different ages, genders, and ethnic backgrounds represented in these two companies. As a Strategic HR Director, your goal is to create a workforce that will effectively move the newly formed company forward.
Now, address the following issues:
Identify all of the information you would need to effectively manage the three goals above.
Identify the challenges and potential issues related to implementing the three goals above.
Develop recommendations for strategies to address these challenges and help the newly formed company meet its goals.
In: Operations Management
Food-related behaviors continue to develop during the school-age years (middle childhood), which are defined as 6 to 11 years. During this stage, a healthy child has a steady but slow growth rate. On average, healthy children gain about 5 pounds and grow 2 to 3 inches in length annually between 6 and 11 years of age.
Many school-age children adopt diets that are nutritionally inadequate. Compared to preschoolers, older children often skip breakfast. Furthermore, school-aged children tend to consume more foods away from home and more fried items and sweetened beverages than younger children. Diets of school-age children tend to provide excessive amounts of saturated fat, added sugar, and sodium. School-age children also often do not eat recommended amounts of fruits and vegetables, and the youngsters typically consume less-than-recommended amounts of dietary fiber.
Factors that can have a positive impact on a school-age child’s diet include:
1. Based on a normal growth pattern, a 6-year-old child whose height is 46 inches is likely to have a height of _______ when he or she is 8 years of age.
52–58 inches
50–52 inches
47–48 inches
48–49 inches
2. Which of the following is a recommendation you would make to a parent to help improve their school-age child's nutrient intake?
All of the choices are correct.
Eat breakfast before school more often
Eat more well-balanced meals
Drink less sugar-sweetened beverages
3. Which of the following is not a characteristic of the typical school-age child’s diet?
Diet contains an excessive amount of saturated fat
Diet contains an excessive amount of sodium
Diet contains adequate amounts of fruits, but not vegetables
Diet contains less-than-recommended amounts of dietary fiber
4. Which of the following is not a factor that has a positive impact on a school-age child’s diet?
Schools who serve fresh fruit with meals and snacks
Parents who serve whole-grain products with meals and snacks
Schools that reward student success with classroom parties serving sweets
Parents who prepare home-cooked meals
In: Biology
Q1. Explain what companies should do to make employees contribute towards the strategic management process in the organization.
Q2. Why do many organizations fail to implement plans successfully?
Q 3&4 : Case: Maestro Pizza
Entering the food industry nowadays became harder than before. The people now pay extra attention to even small details when it comes to food. The variety of food kinds, the way the food being served, the quality of food, the price, and even the place decoration! Furthermore, there are tons of restaurants (competitors) those being in the food industry for decades which makes it even harder to compete with them. Not to mention if a new restaurant will serve one kind of food that already being served by other expert restaurants.
Here we talk about a new restaurant in Saudi Arabia that successfully entered the food industry and managed to compete existed restaurants who are serving the same kind of food for a long time and even considered the best in the world of serving such food! The restaurant's name is Maestro Pizza which is locally founded and operated by Saudi people. This restaurant has successfully dominated the market and stole the throne from underneath of many other pizza restaurants like Pizza Hut and Domino’s Pizza and others.
In the context of the above case analyze and provide solutions to the following questions:
Q3. Bargaining power of consumers.
Q4. Suggest strategies to differentiate Maestro Pizza products and services with its competitors.
In: Operations Management
Please write down a comment, what piques your curiosity in what you read below? (150-250 Words)
I have heard of the AARP before but I had not really done much research on it. The AARP stands for: American Association of Retired Persons and was founded in 1958 by Dr. Ethel Percy Andrus, which that is the first thing I did not know. I had never looked at this website before and did not know there was so much information on it. I did not know there were so many links and articles you could look at. When I clicked on Family and Friends, the first thing I saw was bold letters saying "New help for Grandparents raising Grandchildren" and I think something like this would be very helpful because I think today so many grandparents are raising their grandchildren. I also did not know this website has technology information. I also clicked on a tab that said 8 rules for new caregivers. 1 Start with candid conversation 2. Set your priorities 3. Build a support network and many more. When I clicked the tab "Health" there were many different links about care giving. I read that cancer comes with a 69 percent five-year survival rate, which increased from 49 percent in 1975. I also learned that AARP Foundation Experience Corps change lives of over 31,000 children by helping them become better readers.
In: Psychology
The cheese business in Lake Fon-du-lac, Wisconsin, is a competitive industry. All cheese manufacturers have the cost function C = Q2 + 16, while demand for cheese in the town is given by Qd = 120 - P. The long-run equilibrium numbe of firms in this industry is:
a. 14
b. 28
c. 22
d. 120
e. 29
In: Economics
Which of the following is most likely to be an oligopolist (a firm competing in the market structure known as oligopoly)?
One of many salons in town | ||
A small wheat farmer who is a "price taker" | ||
One of only a few major video game console companies in a market, like Sony | ||
The only electric utility company serving a city, like MG&E |
In: Economics
Matheson's car was damaged when a hurricane hit the town he lived in. But since his car was insured, it was restored. What kind of insurance can help restore Matheson's car after it has been damaged by the hurricane?
A. comprehensive insurance B. automobile liability insurance C. uninsured motorist coverage D. collision insurance
In: Operations Management
You have a monopoly on ice cream in a town. It costs you an average of $2 to produce each ice cream cone. Suppose you know that a certain percentage of your customers are willing to pay $4 for a cone and the rest are willing to pay $3. Does it seem reasonable for you to charge $3.50? Briefly explain why or why not.
In: Economics
Use the Poisson Distribution to find the indicated probability. The town of Fastville has been experiencing a mean of 61.5 car accidents per year. Find the probability that on a given day the number of car accidents in Fastville is 3. (Assume 365 days in a year.) Round to four decimal places.
A. 0.0001
B. 0.0007
C. 0.0008
D. 0.0006
In: Statistics and Probability