Good managers demonstrate commitment to ethical business practices with

You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your

Dmitrij [34]

Answer:

1. Will you be able to meet your goal at this current saving rate?

yes, you will even have some spare money

annual cost of MBA = 400,000 x 2 years = 800,000

monthly salary = 25,000 and you will deposit 12,500

ordinary annuity, 0.8333%, 59 periods (5 years - 1 month) = 75.80535

the future value of your account = 12,500 x 75.80535 = 947,566.88 which is more than the cost of the MBA

2. What percentage of your salary should you save if you want to have exactly your university expenses amount?

42.2138%

800,000 / 75.80535 = 10,553.34

10,553.34 / 25,000 = 0.422138 = 42.2138%

3. How would your answer to part 1 change if the saving account rate changed to 5%?

actually you still have more money than what you need even if the interest rate falls to 5%, so you can still take your MBA

monthly salary = 25,000 and you will deposit 12,500

ordinary annuity, 0.41666%, 59 periods (5 years - 1 month) = 66.72805

the future value of your account = 12,500 x 66.72805 = 834,100.63 which is more than the cost of the MBA

4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose?

I would choose the 10.5% semiannual compounding because the effective interest rate is higher.

the effective interest rate of investing at 10% compounded monthly = (1 + 10%/12)¹² - 1 = 10.47%

the effective interest rate of investing at 10.5% compounded semiannually = (1 + 10.5%/2)² - 1 = 10.77%

8 0

4 years ago

A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To prod

lina2011 [118]

Answer:

$20,000

Explanation:

Data provided in the question:

Amount spent on research and development = $3 million

Rent = $20 million = $20,000,000

Materials and wages = $10,000 per tractor

Number of tractors to be sold = 2,000

Now,

The lowest price will be when the company attains the break-even

thus,

At break-even point

Total cost = Total revenue

let the lowest cost be 'x'

therefore,

2,000x = $20,000,000 + ( $10,000 × 2,000 )

or

2,000x = $20,000,000 + $20,000,000

or

2,000x = $40,000,000

or

x = $20,000

6 0

3 years ago

Christian spends a significant amount of his time at work performing tasks such as distributing work among his subordinates and

Margaret [11]

Answer:

Distributing work among his subordinates and arranging their shifts and tasks to be performed is related most closely to controlling and analyzing performance against goals managerial function.

Explanation:

A manager is who is in charge of departments in companies, guiding the people, making decisions planning for better.

The are four functions of management in industries include distributing work among subordinates and arranging their shifts and tasks to be performed, controlling a workflow, analyzing performance against goals and leading to internal goals achievement.

6 0

3 years ago

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the c

grin007 [14]

Answer:

Windhoek Mines, Ltd.

The net present value of the proposed mining project is:

= ($232,950).

Explanation:

a) Data and Calculations:

Cost of new equipment and timbers = $500,000

Working capital required = $100,000

Annual net cash receipts = $120,000

Cost to construct new roads in three years = $40,000

Salvage value of equipment in four years = $65,000

Estimated useful life of mine = 4 years

Working capital released in four years = $100,000

Required rate of return = 20%

Cash Flows PV factor Present Value

Cost of new equipment and timbers $500,000 1 -$500,000

Working capital required 100,000 1 -100,000

Annual net cash receipts 120,000 2.589 310,680

Cost to construct new roads in 3 years 40,000 0.579 -23,160

Salvage value of equipment in 4 years 65,000 0.482 31,330

Working capital released in 4 years 100,000 0.482 48,200

Net present value ($232,950)

4 0

3 years ago

Write down the steps which are included in the planning phase of the data analysis process?

zysi [14]

Answer:

Step 1: Knowing and Defining your questions:

Step 2: Measurement

Step 3: Data Collection

Step 4: Analyzing the Data:

Step 5: Interpreting the results

Explanation:

Data Science is no doubt the most necessary science today. Every company, business or government need lots of data to make their decision making efficient and accurate.

For efficient decision making, data analysis is the key tool to utilize.

Data Analysis is basically the converting millions of billions of raw data into something useful out of it in terms of decision making of anything.

Data Analysis has 5 simple steps to follow, which are discussed below one by one.

Step 1: Knowing and Defining your questions:

Knowing right questions is the first and most critical steps in the data analysis process. Wrong questions will lead to wrong decisions. Therefore, make clear, concise and problem oriented questions.

For example: Our company is experiencing a downfall in revenues, can we afford to cut down the manpower?

Step 2: Measurement

For this step to complete, you must need to know what to measure and how to measure it.

For example: For cutting down of manpower, what type of data we need to measure? obviously we will be needing data relating to manpower and our companies revenues to generate the relation between them. Furthermore, it is equally necessary to know how to measure it. What factors do we include in it. What is our time frame etc etc.

Step 3: Data Collection

Obviously, this is the feed of all the process. For data analysis, you need to have sufficient data in the first place.

Step 4: Analyzing the Data:

After acquiring all the steps in the process, it is time to analyze the data more deeply. You will be searching for correlations in your data with your problem. In this step, you will be finding different parameters such as maximum, minimum, standard deviation, variance et. Moreover, you will needing graphs to plot the data that you have acquired.

Step 5: Interpreting the results

Lastly, you need to correctly interpret the results that you have got from the previous step. Right interpretation will lead to right decision making which will make a fortune of your company and wrong interpretation will lead to wrong decision making and you will be going otherwise,

5 0

3 years ago