Explore these statements: Make each questions' answer reference back to Samsung.
- How have changes in technology contributed to the globalization of markets and production?
- Would the globalization of production and markets have been possible without these technological changes?
**You must address at least three scholarly resources in this section.** (Please include resources)
In: Economics
(a) Is it viable for organizations to change their mission and/or strategy in order to mitigate the impact of COVID-19 pandemic? Why?
(b) What are the key challenges associated with devising a new mission/strategy?
(c) If American University of Sharjah plans to offer online programs, will it require making changes to the mission and/or strategy of AUS? Recommend suitable changes.
In: Operations Management
Look at how companies produce things -the techniques that they use as they produce more - and compare it to how you and your friends choose to do leisure activities. When the cost of producing changes, how do the methods of production change? Is it similar to the choices you make when the cost of the leisure activities you do changes?
In: Economics
a.How does severe hepatic disease such as liver cirrhosis, contributes to the development of oedema?
b. Describe all the likely sequelae following thrombus formation
c. . A patient develops a localized bruise and it changes colour over a few days. State the three colour changes that can occur and the pigments that are responsible for each change.
In: Nursing
Bavarian Autoworks is an automobile repair company specializing in German cars such as BMW, Audi, Mercedes, and Volkswagen. The company does two kinds of services most frequently: oil changes and tune-ups. The company has three kinds of capacity limitations: labor time, garage space, and hoist time. Doing an oil change requires 4 units of labor, 2 units of garage space, and 8 units of hoist time. A tune-up requires 5 units of labor, 1 unit of garage space, and 2 units of hoist time. Bavarian has 800 units of labor, 300 units of garage space, and 400 units of hoist time available each week.
Part1:
Suppose that labor is the only input with a capacity limitation and all labor is used to produce oil changes. How many oil changes can Bavarian do in a week? Now suppose that instead of oil changes, Bavarian devotes all of its units of labor to producing tune-ups and faces no other capacity constraints. How many tune-ups can Bavarian do in a week?
Part2:
Now suppose that garage space is the capacity limitation, and consider devoting all of the available garage space to producing oil changes. How many oil changes can Bavarian do in this case? How many tune-ups can Bavarian do if it devotes all its garage space to tune-ups?
Part 3:
Finally, consider the case where hoist time becomes the binding constraint. If Bavarian devotes all of its hoist time to doing oil changes, how many can it do in a week? If all of the hoist time is devoted to doing tune-ups, how many can Bavarian do in a week?
Part 4:
Now consider the range of possible outcomes if all three constraints must be satisfied simultaneously. In this case, one of the constraints doesn't matter. Which one?( garage space,labor time or hoist time?)
Part 5:
Suppose Bavarian can charge $120 for an oil change and $600 for a tune-up. How many oil changes should the company do in a week if it wants to maximize its revenue?
What about tune-ups?
In: Economics
Scenario: Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Mary is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety.
Complete the following:
Compute the current break-even point in units, and compare it to the break-even point in units if Mary's ideas are used.
Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent).
Prepare a CVP (Cost-Volume-Profit) income statement for current operations and after Mary's changes are introduced.
Prepare a maximum 250-word paper including the answers to the questions above with supporting calculations for management addressing Mary's suggested changes. Explain whether Mary's changes should be adopted. Why or why not? Analyze the above information (three bullet points above) and use this information to support your suggestion.
In: Accounting
In a 1993 article in Accounting and Business Research, Meier, Alam, and Pearson studied auditor lobbying on several proposed U.S. accounting standards that affect banks and savings and loan associations. As part of this study, the authors investigated auditors’ positions regarding proposed changes in accounting standards that would increase client firms’ reported earnings. It was hypothesized that auditors would favor such proposed changes because their clients’ managers would receive higher compensation (salary, bonuses, and so on) when client earnings were reported to be higher. The following table summarizes auditor and client positions (in favor or opposed) regarding proposed changes in accounting standards that would increase client firms’ reported earnings. Here the auditor and client positions are cross-classified versus the size of the client firm.
a) Auditor Positions
| Large Firms |
Small Firms |
Total | |
| In Favor | 19 | 124 | 143 |
| Opposed | 10 | 24 | 34 |
| Total | 29 | 148 | 177 |
(b) Client Positions
| Large Firms |
Small Firms |
Total | |
| In Favor | 15 | 117 | 132 |
| Opposed | 13 | 32 | 45 |
| Total | 28 | 149 | 177 |
(a) Test to determine whether auditor positions
regarding earnings-increasing changes in accounting standards
depend on the size of the client firm. Use α = .05. (Round
your expected frequencies to 2 decimal places. Round your answer to
3 decimal places.)
2x2x = ; so (Click to select)Do not rejectReject H0: independence for auditor positions regarding earnings-increasing changes.
(b) Test to determine whether client positions regarding earnings-increasing changes in accounting standards depend on the size of the client firm. Use α = .05. (Round your answer to 3 decimal places.)
2x2x = ; so (Click to select)RejectDo not reject H0: independence for client positions regarding earnings-increasing changes.
(d) Does the relationship between position and the
size of the client firm seem to be similar for both auditors and
clients?
| Yes | |
| No |
In: Statistics and Probability
Three years ago, Amy Hessler and her brother-in-law Jacob Seelig
opened Family Department Store. For the first two years, business
was good, but the following condensed income results for 2019 were
disappointing.
| FAMILY
DEPARTMENT STORE Income Statement For the Year Ended December 31, 2019 |
|||||
| Net sales | $780,000 | ||||
| Cost of goods sold | 624,000 | ||||
| Gross profit | 156,000 | ||||
| Operating expenses | |||||
| Selling expenses | $120,000 | ||||
| Administrative expenses | 24,000 | 144,000 | |||
| Net income | $ 12,000 | ||||
Amy believes the problem lies in the relatively low gross profit
rate (gross profit divided by net sales) of 20%. Jacob believes the
problem is that operating expenses are too high.
Amy thinks the gross profit rate can be improved by making both of
the following changes. She does not anticipate that these changes
will have any effect on operating expenses.
| 1. | Increase average selling prices by 17%. This increase is expected to lower sales volume so that total sales will increase only 6%. | |
| 2. | Buy merchandise in larger quantities and take all purchase discounts. These changes are expected to increase the gross profit rate by 3 percentage points. |
Jacob thinks expenses can be cut by making both of the following
changes. He feels that these changes will not have any effect on
net sales.
| 1. | Cut sales salaries of $60,000 in half and give sales personnel a commission of 2% of net sales. | |
| 2. | Reduce store deliveries to one day per week rather than twice a week. This change will reduce delivery expenses of $30,000 by 40%. |
Amy and Jacob come to you for help in deciding the best way to
improve net income.
Answer the following.
Prepare a condensed income statement for 2020, assuming Amy’s
changes are implemented.
Prepare a condensed income statement for 2020, assuming Jacob’s
ideas are adopted.
Prepare a condensed income statement for 2020, assuming both
sets of proposed changes are made.
In: Accounting
(a) Based on BNM or news report, explain the latest changes in the
statutory reserve requirement (SRR) for Malaysia. Your explanation
should also include the changes to money supply and the possible
impact of the change.
(b) Based on your answer above, select an economic problem where
that impact would work and explain what could happen.
In: Economics
Apply specific models developed from economics to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States from 2000 - 2010.
Please make sure to relate the answer to the time period of 2000 - 2010 in the US.
In: Economics