Omobola Adesoye-Amoo
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BUS 5110 - AY2020-T4
14 May - 20 May
Written Assignment Unit 6
Written Assignment Unit 6
Submission phase
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Setup phase
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Task to doSubmit your work
Task infoOpen for submissions from Thursday, 14 May
2020, 6:05 AM (5 days ago)
Task infoSubmissions deadline: Thursday, 21 May 2020,
5:55 AM (2 days left)
Assessment phase
Task infoOpen for assessment from Thursday, 21 May
2020, 6:05 AM (2 days left)
Task infoAssessment deadline: Thursday, 28 May 2020,
5:55 AM (9 days left)
Grading evaluation phase
Closed
Instructions for submission
Submit a written paper which is 3-4 pages in length
(no more than 4-pages), exclusive of the reference page.
Your paper should be double spaced in Times New Roman (or its
equivalent) font, which is no greater than 12 points in size. The
paper should cite at least three sources in APA format. One source
can be your textbook.
Please describe the circumstances of the following case study and
recommend a course of action. Explain your approach to the problem,
perform relevant calculations and analysis, and formulate a
recommendation. Ensure your work and recommendation are thoroughly
supported.
Case Study:
A manufacturing company is evaluating two options for new equipment
to introduce a new product to its suite of goods. The details for
each option are provided below:
Option 1
$65,000 for equipment with useful life of 7 years and
no salvage value.
Maintenance costs are expected to be $2,700 per year
and increase by 3% in Year 6 and remain at that rate.
Materials in Year 1 are estimated to be $15,000 but
remain constant at $10,000 per year for the remaining
years.
Labor is estimated to start at $70,000 in Year 1,
increasing by 3% each year after.
Revenues are estimated to be:
Year 1Year 2Year 3Year 4Year 5Year 6Year 7- 75,000 100,000 125,000
150,000 150,000 150,000
Option 2
$85,000 for equipment with useful life of 7 years and
a $13,000 salvage value
Maintenance costs are expected to be $3,500 per year
and increase by 3% in Year 6 and remain at that rate.
Materials in Year 1 are estimated to be $20,000 but
remain constant at $15,000 per year for the remaining
years.
Labor is estimated to start at $60,000 in Year 1,
increasing by 3% each year after.
Revenues are estimated to be:
Year 1Year 2Year 3Year 4Year 5Year 6Year 7- 80,000
95,000 130,000 140,000 150,000 160,000
The company’s required rate of return and cost of capital is
8%.
Management has turned to its finance and accounting department to
perform analyses and make a recommendation on which option to
choose. They have requested that the four main capital budgeting
calculations be done: NPV, IRR, Payback Period, and ARR for each
option.
For this assignment, compute all required amounts and explain how
the computations were performed. Evaluate the results for each
option and explain what the results mean. Based on your analysis,
recommend which option the company should pursue.
Superior papers will:
Perform all calculations correctly.
Articulate how the calculations were performed,
including from where values used in the calculations were
obtained.
Evaluate the results computed and explain the meaning
of the results, including why certain measurements are more
accurate than others.
Recommend which option to pursue, supported by
well-thought-out rationale, and considering any other factors that
could impact the recommendation.
In: Accounting
For this assignment, explicitly state the five steps of a stimulation and carry out the simulation. For the first problem, use a calculator. For the second, use the random digit table.
A nuclear reactor facility has two separate safety systems in place to prevent a nuclear meltdown. They prevent a meltdown by shutting down the reactor when the temperature reaches the danger level. The first system shuts down the reactor 80% of the time when the danger level is reached. The second system (which is completely separate from the first) shuts down the reactor 90% of the time when the danger level is reached.
a. Use your calculator to do 10 repetitions with the first system alone. Theoretically, it should successfully shut it down 16 out of 20 times.
b. Use your calculator to do 10 repetitions with the second system alone. Theoretically, it should successfully shut it down 18 out of 20 times.
c. Use your calculator to do 20 repetitions with the first and second systems working together. The reactor will successfully shut down if one or both systems are not working.
In: Statistics and Probability
From Dunkin Donuts to Just Dunkin! The famous American Donut’s brand is rebranding and closing stores across the world including Oman as its outlets have shut down for good. The demand for donuts in America is decreasing as customers preferring more healthy food with less sugar and fat.
The company’s brand CEO Mr. David Hoffmann said, “the rebranding comes as an effort to reshape the company’s strategic goals and focusing on drinks more than donuts.” While analyzing the company’s different products, the managers noticed that 60% of its revenue is coming from drinks like coffee while demand for donuts is declining.
The company redesigned its brand, and its stores making them look simpler. The company is also introducing new coffee experiences like nitro, cold brew, black...etc. The company will also introduce digital menu and drive through to fit the customers on the go lifestyle. The company will also reduce its employees as the new digital menus will eliminate the need of human employees, reducing the company’s costs.
Questions:
In: Operations Management
In: Economics
The multiple regression model is estimated in Excel and part of the output is provided below.
| ANOVA | |||||
| df | SS | MS | F | Significance F | |
| Regression | 3 | 3.39E+08 | 1.13E+08 | 1.327997 | 0.27152899 |
| Residual | 76 | 6.46E+09 | 85052151 | ||
| Total | 79 | 6.8E+09 |
Question 8 (1 point)
Use the information from the ANOVA table to complete the following statement.
To test the overall significance of this estimated regression model, the hypotheses would state
there is between attendance and the group of all explanatory variables, jointly.
there is between attendance and the group of all explanatory variables, jointly.
The test statistic is calculated as
/ = ,
which follows an F distribution with numerator and denominator degrees of freedom. Based on the p-value of 0.272, we the null hypothesis at a 5% level of significance, meaning that the relationship between attendance and the collective group of explanatory variables statistically significant.
Word Bank:
85052151is not1.33no significant relationship3.39E+081.13E+0836.46E+09reject767980a significant relationshipfail to rejectis
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In: Statistics and Probability
QUESTION 33
The level of frictional unemployment is determined by
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the flows of people into and out of employment. |
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the duration of the spells of unemployment. |
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the level of excess demand. |
||
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technological changes |
2 points
QUESTION 34
Employment contracts for the majority of American workers take the form of
|
formal documents precisely specifying in advance the obligations of each party |
||
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oral agreements that can be legally enforced when necessary. |
||
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a broad set of informal understandings between each party. |
||
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collective bargaining agreements made between an employer and a union. |
2 points
QUESTION 35
Suppose that the compensating differential associated with working in a noisy workplace is
$500 per year. This $500 payment can be interpreted as
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the amount sufficient to attract any worker to the noisy environment. |
||
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the amount that the marginal worker is willing to pay for a quiet environment. |
||
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the minimum amount necessary to attract a worker to the noisy environment |
||
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the most that any worker would pay for a quiet work environment. |
2 points
QUESTION 36
Demand deficient unemployment results from
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a general slowdown in business activity. |
||
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real wages being inflexible downward |
||
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changes in the skills required of workers. |
||
|
Both a and b |
In: Economics
Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of Sawyer’s outstanding shares continue to trade at a collective value of $174,000. On the acquisition date, Sawyer has the following accounts:
| Book Value | Fair Value | ||||||
| Current assets | $ | 210,000 | $ | 210,000 | |||
| Land | 170,000 | 180,000 | |||||
| Buildings | 300,000 | 330,000 | |||||
| Liabilities | (280,000 | ) | (280,000 | ) | |||
The buildings have a 10-year remaining life. In addition, Sawyer holds a patent worth $140,000 that has a five-year remaining life but is not recorded on its financial records. At the end of the year, the two companies report the following balances:
| Parker | Sawyer | |||||
| Revenues | $ | (900,000 | ) | $ | (600,000 | ) |
| Expenses | 600,000 | 400,000 | ||||
Assume that the acquisition took place on January 1. What figures would appear in a consolidated income statement for this year?
Assume that the acquisition took place on April 1. Sawyer’s revenues and expenses occurred uniformly throughout the year. What amounts would appear in a consolidated income statement for this year?
|
In: Accounting
Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of Sawyer’s outstanding shares continue to trade at a collective value of $174,000. On the acquisition date, Sawyer has the following accounts:
| Book Value | Fair Value | ||||||
| Current assets | $ | 210,000 | $ | 210,000 | |||
| Land | 170,000 | 180,000 | |||||
| Buildings | 300,000 | 330,000 | |||||
| Liabilities | (280,000 | ) | (280,000 | ) | |||
The buildings have a 10-year remaining life. In addition, Sawyer holds a patent worth $140,000 that has a five-year remaining life but is not recorded on its financial records. At the end of the year, the two companies report the following balances:
| Parker | Sawyer | |||||
| Revenues | $ | (900,000 | ) | $ | (600,000 | ) |
| Expenses | 600,000 | 400,000 | ||||
Assume that the acquisition took place on January 1. What figures would appear in a consolidated income statement for this year?
Assume that the acquisition took place on April 1. Sawyer’s revenues and expenses occurred uniformly throughout the year. What amounts would appear in a consolidated income statement for this year?
| a. January 1 | b. april 1 | |
|
combined revenues |
||
| combined expenses | ||
| consolidated net income | ||
| net income attributable to noncontrolling interest | ||
| net income attributable to parker, Inc. |
In: Accounting
Josephine worked part-time, in substantially the same position, for two nursing homes—St. Pats and West End Villa. She asked West End Villa for significant accommodations and provided a medical note indicating that she could not perform a large majority of her duties there. While investigating her accommodation request, West End Villa contacted St. Pats, asking for information on Josephine’s attendance and work restrictions. St Pats responded, and also sent them a copy of the medical note Josephine had previously provided to St. Pats indicating that she could perform all of the duties of her job without accommodation. Upon finding out about this unauthorized disclosure of her medical information, Josephine—a unionized employee—filed a grievance against St. Pats, seeking monetary damages for breach of her privacy. St. Pats responded that while the disclosure was not permitted under the collective agreement, the information it sent to West End Villa was innocuous since the medical note did not contain any actual diagnosis. In fact, it referred to an absence of medical restrictions.
Is the employer, St Pats, liable for breach of privacy in these circumstances?
In: Operations Management
Three page article critique on
Hurd, R. W. (2013). Moving beyond the critical synthesis: Does the law preclude a future for US unions? Labor History, 54(2), 193-200.
This article is a reflective essay that assesses the strength of comments made by Christopher L. Tomlins in his book The State and Unions (1985), which looks back over the past quarter century. Various predictions were made concerning union decline and failed revival efforts as well as counterfeit rights offered to the U.S. working class.
Article critique should address the questions below.
In: Operations Management