Choose and explain one of the debt financing methods mentioned in the textbook. What are the strengths and weaknesses of the method that you've chosen, and in what situations does it work best? Give an example of a company that uses this strategy. Be sure to support your ideas and arguments with evidence and details.
In: Operations Management
The following information from the close of trading on November 24, 2010 is for an IBM bond with a face value of $1 comma 0001,000 and a maturity date of June 15 comma 2013June 15, 2013: Coupon rate: 7.57.5% Price: $1 comma 1581,158 Yield to maturity: 1.221.22% The bond's current yield was nothing%. (Round your response to two decimal places.) Why is the bond's yield to maturity less than its coupon rate?
In: Economics
.1 Individuals’ Predisposition toward Change How people react to change depends a lot on how they learned to handle change and ambiguity as children. One person’s parents may have been patient, flexible, and understanding, and from the time the child was weaned she may have learned there were positive compensations for the loss of immediate gratification. Thus, she will associate making changes with love and approval. Another person’s parents may have been unreasonable and unyielding, forcing him to do things (piano lessons, for example) that he didn’t want to do. Thus, he will be distrustful of making changes because he will associate them with demands for compliance.134
2. Surprise and Fear of the Unknown When radically different changes are introduced without warning—for example, without any official announcements—the office rumor mill will go into high gear, and affected employees will become fearful of the implications of the changes. It is essential for change leaders to explain the rationale for change, to educate people about the personal implications of change, and to garner commitment to change.135
3. Climate of Mistrust Trust involves reciprocal faith in others’ intentions and behavior. Mistrust encourages secrecy, which causes deeper mistrust, putting even well-conceived changes at risk of failure. Managers who trust their employees make the change process an open, honest, and participative affair. All told, employees who feel fairly treated by managers during change are less likely to resist.136
4. Fear of Failure Intimidating changes on the job can cause employees to doubt their capabilities. Self-doubt erodes self-confidence and cripples personal growth and development.
5. Loss of Status or Job Security Administrative and technological changes that threaten to alter power bases or eliminate jobs—as often happens during corporate restructurings that threaten middle-management jobs—generally trigger strong resistance.
6. Peer Pressure Even people who are not themselves directly affected by impending changes may actively resist in order to protect the interests of their friends and coworkers.
7. Disruption of Cultural Traditions or Group Relationships Whenever individuals are transferred, promoted, or reassigned, it can disrupt existing cultural and group relationships. Example: Traditionally, Sony Corp. promoted insiders to new positions. When an outsider, Howard Stringer, was named as the next chairman and CEO and six corporate officers were asked to resign, creating a majority board of foreigners, the former CEO, Nobuyuki Idei, worried the moves might engender strong employee resistance.137
8. Personality Conflicts Just as a friend can get away with telling us something we would resent hearing from an adversary, the personalities of change agents can breed resistance.
9. Lack of Tact or Poor Timing Introducing changes in an insensitive manner or at an awkward time can create employee resistance. Employees are more apt to accept changes when managers effectively explain their value, as, for example, in demonstrating their strategic purpose to the organization.
10. Nonreinforcing Reward Systems Employees are likely to resist when they can’t see any positive rewards from proposed changes, as, for example, when one is asked to work longer hours without additional compensation. Where do you stand on change? Do you tend to accept and embrace change, or do you have tendencies to resist it? The following self-assessment will provide feedback on your attitudes toward change. If your scores indicate resistance, you should consider what can be done to move your attitudes in a more positive direction. ● Then create an initial posting addressing two of the ten reasons on the list. Give examples of times when you have seen these two reasons in action, and tell about the resulting outcome. What would you suggest to make things work out for the better?
In: Operations Management
Use the Keynesian model to explain the recessionary gap
In: Economics
In: Finance
Your firm wishes to raise $50,000,000 by issuing regular coupon bonds. These will have a 10% coupon rate, a 6% YTM, pay annually, and mature in 12 years. What is your firm's total repayment in year 12?
In: Finance
How are the Government National Mortgage Association and the Federal National Mortgage Association similar and different?
In: Finance
How to calculate PVIFA step by step on a financial calculator? (casio FC-100v)
In: Finance
The export/GDP ratio has generally __________ worldwide in recent decades.
Select the correct answer below:
increased
declined
remained constant
approached 1
Which of the following examples illustrates quantity supplied?
Select the correct answer below:
Firm A's costs of production decreased, so it wants to sell more at any price.
Technology improvement has made it cheaper to produce TV's so producers want to supply more.
Firm B has to reduce production of watches and reinvest into producing jewelry which is more profitable.
The price of houses has increased dramatically so more homeowners want to sell their house.
In market equilibrium, there are neither _________ nor __________.
Select the correct answer below:
surpluses; shortages
prices; quantities
high prices; low prices
none of the above
A price floor will most likely create an excess _________ for a particular good in a competitive market.
Select the correct answer below:
supply
demand
When the work required to produce a good or service is divided into tasks that are performed by different workers, that is called
Select the correct answer below:
economies of scale
specialization
division of labor
productivity
In: Economics
Aggregate planning is greatly concerned with matching anticipated demand with capacity. If the two deviate, in other words, if anticipated demand differs from capacity, management may implement an approach to either alter demand, alter capacity, or a combination of both.
Describe the options focused on altering demand. Then, describe options focused on altering supply.
In: Operations Management
Replacement Analysis
Although the Chen Company's milling machine is old, it is still
in relatively good working order and would last for another 10
years. It is inefficient compared to modern standards, though, and
so the company is considering replacing it. The new milling
machine, at a cost of $40,000 delivered and installed, would also
last for 10 years and would produce after-tax cash flows (labor
savings and depreciation tax savings) of $8,300 per year. It would
have zero salvage value at the end of its life. The Project cost of
capital is 10%, and its marginal tax rate is 35%.
Should Chen buy the new machine?
Yes? No?
In: Finance
discrete ordinates method for 1-D neutron transport
In: Physics
In: Operations Management
The following is a list of target audience examples. Your task is to identify what the bases for segmentation is in each example. Is the segmentation effort Geographic, Behavioral, Demographic, or Psychographic? There could be more than one correct answer. List the letter(s) for each situation below:
A = Geographic
B = Behavioral
C = Demographic
D = Psychographic
In: Operations Management
In an attempt to reduce the extraordinarily long travel times for voyaging to distant stars, some people have suggested traveling at close to the speed of light. Suppose you wish to visit the red giant star Betelgeuse, which is 430 ly away, and that you want your 20,000 kg rocket to move so fast that you age only 24 years during the round trip.
A) How fast, as a fraction of c, must the rocket travel relative to earth?
B) How much energy is needed to accelerate the rocket to this speed?
C) Compare this amount of energy to the total energy E0 used by the United States in the year 2015, which was roughly 1.0×1020 J.
In: Physics