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Licemer1 [7]
2 years ago
15

Century Motors was awarded a bid to build an energy-efficient motor for a large government heating and cooling project. The requ

irements of the project included a timeline of one year to build and deliver the system. In order to provide a quality product and meet its deadline, Century Motors set up a __________ organization, whereby employees from various functions of the business would join a team to see this project through from start to finish. Upon completion, the team would disband and members would return to their respective functional units.
Business
1 answer:
algol [13]2 years ago
5 0

By employing such an organizational structure, Century Motors most likely set up a <u>Matrix Organization. </u>

A Matrix organization:

  • Incorporates people from multiple departments and functions
  • Will see people answering to multiple managers of those various departments
  • Usually disband after a project is done

The actions of Century Motors are in line with a Matrix Organization in that people from multiple functions were incorporated into the team and the team will disband when the project is done.

We can therefore conclude that this is a matrix organization.

<em>Find out more at brainly.com/question/7437866.</em>

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2. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as
Sati [7]

Answer: hello your question has some missing data attached below is the missing data

answer :

i) The current ratio is higher than lower quartile and this signifies good liquidity position

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets. to show solvency position.

ii) Inventory Turnover Ratio is higher when compared to the industry ratios

Explanation:

<u>i) Based on each ratio </u>

The current ratio is higher than lower quartile and this signifies good liquidity position for east coast yachts but the value of the lower quartile been lower than the median and upper quartile represents a position of lower solvency

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets to show solvency position of the company.

<u>ii) The ratio can be interpreted as</u>  

Inventory Turnover Ratio is higher when compared to the industry ratios i.e. Inventory is been turned into cash by maximum times/as many times as possible per year.

3 0
3 years ago
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
Ghella [55]

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

5 0
3 years ago
Piedmont Hotels is an all-equity company. Its stock has a beta of .94. The market risk premium is 7.5 percent and the risk-free
Liula [17]

Answer:

Required rate of return for the project = 9.7%

Explanation:

The risk-adjusted discount factor = cost of equity + the adjustment

Cost of equity can be calculated using the capital asset pricing model CAPM

Using the CAPM , the rate of return on equity can be determined as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 3.3%, Rm- 7.5%, β- 0.94

Cost of equity = Rf + β (Rm -Rf)

Cost of equity = 3.3% + 0.94×(7.5-3.3)= 7.248

The risk-adjusted discount factor=  7.248 + 2.5= 9.748

Required rate of return for the project = 9.7%

8 0
4 years ago
On July 9, Mifflin Company receives an $7,200, 90-day, 8% note from customer Payton Summers as payment on account. What entry sh
Dmitry [639]

Answer:

Oct 6  Cash                             7344 Dr

                 Interest Revenue         144 Cr

                Notes Receivable         7200 Cr

         

Explanation:

First we calculate the day on which notes receivable is due.

We start from July 9 as being our first day and in July there are 31 days so 31 - 8 = 23

In August there are 31 days.

In September there are 30 days.

So total days till september are 22+31+30 = 84

So the note is due to be received on October 6.

The amount of interest due is 7200 * 0.08 * 90/360 = $144

The entry to be passed on Oct 6 is a debit to cash for the amount of principal and interest (7200+144) and a credit to interest revenue of 144 and notes receivable of 7200

7 0
4 years ago
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 percent fo
DiKsa [7]

Answer:

Monthly Payment is $1602.37

Effective interest rate is 5.33%

Explanation:

a.

The monthly payment made includes the interest and principal payment as well.

Monthly payment can be calculated using following formula

Monthly Payment = [Present value of loan x r] / [{1 - (1 + r)-n}]

Monthly Payment = [$84,500 x (0.052/12)] / [1 - (1 + 0.052/12)-60]

Monthly Payment = [$366.17 / 0.2285]

Monthly Payment = $1,602.37

b.

The Effective interest rate is the actual interest rate that are being charged on loan after incorporating the compounding effect.

Use following formula to calculate the effective Annual rate

EAR = [1 + (i/n)]^n - 1

EAR  = [ 1 + (5.2% / 12]^12 - 1

EAR = [1.0043]^12 - 1

EAR = 1.0533 - 1

EAR = 0.0533

EAR = 5.33%

5 0
3 years ago
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