The burden of an excise tax rests mostly on producers when the price elasticity of supply and demand is large and low, respectively.
What is the tax burden on the producer?A tax increase's consumer cost represents how much the market price increases. The loss of revenue businesses experience after paying the tax is known as the producer burden.
Note that Consumers are the main payers of excise tax. Demand is price inelastic if the demand curve is relatively steep. The supply is price elastic if the supply curve is comparatively flat. An excise tax falls mostly on producers when the price elasticity of supply is greater than the price elasticity of demand.
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A minimum viable product with so many features that the consumer may be overwhelmed by everything involved. True or false?
It is false that A minimum viable product with so many features that the consumer may be overwhelmed by everything involved.
What is minimum viable product?A minimum viable product can be described as the version of a product that is been giving out to the consumer and this product do posses the enough features that is needed by the customer so they can give their feedback and this feedback can be used in the product development in the future time.
In conclusion, the case above is false because it the customer may not be overwhelmed to that extent.
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is cultural ethics is neither true nor false
Yes, cultural ethics is neither true nor false.
Cultural ethics: what are they?Ethics refers to standards of behavior regarding proper and improper actions within a society or group — not always from a legal standpoint, but from a cultural or human perspective.
Cultures differ between historical eras, between nations and geographical locations, and within and between groups and organizations. The principles of morality and ethics that guide how people should act and communicate with one another are reflected in culture.
The culturalist approach to ethics is neither accurate nor incorrect. It's a response to the way things are in the world, where there are many different sets of moral standards. A culturalist ethics recognizes other societies and their customs but gives up on moral advancement.
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Legacy Cleaning has a debt ratio equal to 80 percent, total assets equal to $650,000, return on assets (ROA) of 4 percent, and total assets turnover equal to 2.0.
If it has no preferred stock, what amount of common equity does Legacy have? Round your answer to the nearest dollar.
$
What is Legacy's net profit margin? Round your asnwer to the nearest whole number.
%
The common equity and net profit margin of legacy are
4,50,000. 2%.What is stock?Generally, The ownership certificates of any firm may be referred to as its stock, which is a broad phrase for the term "stock."
On the other hand, the stock certificate of a certain firm is what is meant when people talk about shares of stock in that company.
You are considered a shareholder in a firm if you own shares in that company. There are two categories of stocks, which are referred to as common and preferred.
The net profit margin, which may also be referred to as the return on sales ratio, is a popular profitability indicator that can be used to evaluate the state of your company's finances.
It is the proportion of sales revenue that remains after all operational expenditures, depreciation, amortization, interest, and taxes on income have been subtracted from total sales revenue.
The Total common stock is given by
= (Total asset (1-debt ratio)
=(t(1-d))
= (75000*0.60)
= 4,50,000.
The Net profit margin is given by
N= (total net profit / total sales)
= (750000*0.6)/(750000*3)
=(45000/2250000)
= 2%.
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The scatter plot shows the relationship between the number of years an employee has worked and the annual salary of that employee.
1. The slope of the line is 333.33
2. The intercept of the line is 21000
3. The regression equation is y=333.33X + 21000
How to solve for the slope of the lineThis is given as
24000 - 21000 / 9 - 0
= 3000 / 9
= 1000 / 3
= 333 .33
The intercept of the line can be found in the area where the line touched the y axis. = 21000
The regression equationThe regression equation is gotten from the slope and the intercept of a line. These have been calculated above.
Hence we would have to write it out as y = 333.33X - 21000
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1. The goals of the Federal Reserve's monetary policy are to keep: unemployment low and the inflation rate stable. unemployment low and the inflation rate at zero percent . money supply stable and the unemployment rate at zero percent. money supply low and the unemployment rate at zero percent .
The goals of the Federal Reserve's monetary policy are to keep money supply stable and the unemployment rate at zero percent.
What is the Federal Reserve's monetary policy?The Federal Reserve Act can be described as the mandates which is the Federal Reserve conduct monetary policy that helps in the promotion of effective goals of maximum employment as well as the stable prices.
It should be noted that this policy do help to acheive a moderate long-term interest rates in the economy as well as the regulation of the activities that can be of hlp to the economy of the country.
Therefore, the third option is correct.
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What are the elements of the gap in the London hotel luxury market?
The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.
What elements in the London hotel luxury market?The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.
The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.
So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.
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Which is an example of an automated process?
Answer:
Third response
Explanation: It looks like the only right answer
Malibu corporations fiscal year end is December 31 2024 the following is a partial adjusted trial balance as of December 31 calculate the ending balance of retained earnings
If M corporations fiscal year end is December 31 2024. The Ending retained earnings is $43,000.
How to find the Ending retained earnings?1. closing entries
Debit Service Revenue $50,000
Debit Interest Revenue $6,000
Credit Salaries Expense $15,000
Credit Rent Expense $6,000
Credit Advertising Expense $3,000
Credit Depreciating Expense $11,000
Credit Interest Expense $5,000
Credit Income summary $16,000
(50,000+,6000-15,000-6,000-3,000-11,000-5,000)
Debit Income summary 16,000
Credit Retained earnings 16,000
Debit Retained earnings 3,000
Credit Dividend payable 3,000
2. Ending retained earnings
Ending retained earnings = Beginning balance + Net income - dividends
Ending retained earnings =30,000+16,000-3,000
Ending retained earnings =$43,000
Therefore the Ending retained earnings is $43,000.
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The complete question is:
Malibu corporations fiscal year end is December 31 2024 the following is a partial adjusted trial balance as of December 31 calculate the ending balance of retained earnings
Retained Earnings Credit $30,000
Dividends Debit $3,000
Service Revenue Credit $50,000
Interest Revenue Credit $6,000
Salaries Expense $15,000
Rent Expense $6,000
Advertising Expense $3,000
Depreciating Expense $11,000
Interest Expense $5,000
1. Prepare the necessary closing entries.
2. Calculate the ending balance of Retained Earnings.
Jim uses the following table to keep track of how many items his employees sold in the last two weeks. He wants to use a formula that will indicate whether the employees are eligible for incentives or not. Employees who have sold more than 60 items are eligible for incentives. Which formula should Jim use?
Since Jim uses the table to keep track of how many items his employees sold in the last two weeks. The formula that Jim should use is option B: IF(C3 > 60; "pass"; "fail").
What is an IF THEN formula?The formula for IF-THEN is =IF (logic test,value if true,value if false). The function is instructed what to execute if the comparison is correct by the first argument. The function is instructed by the second argument what to do if the comparison is incorrect.
The preceding formula literally reads "Return the text PASS, otherwise return the text FAIL," if the value in cell C3 is larger than 60. This test's logical progression can be switched around to produce the same outcome.
Therefore, If the value of C3 is larger than 60, return pass; otherwise, return fail if C3 is less than or equal to 60. This is expressed as IF(C3 > 60; "pass"; "fail"). You can determine whether or not the students passed the test using this formula.
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HELP 100 POINTS
Project: Understanding the Tender Offer
Find one tender offer that was published within the last year and use it to answer the following questions:
Who is the purchasing company?
Who is the target company?
At what percentage rate was the target company selling shares?
For what length of time (until what date) was the offer open, or will it be open?
Assignment Guidelines:
Your response must fulfill the following requirements:
Demonstrate concise research skills.
Show perseverance in reading difficult and foreign material to locate specific information that is relevant to your course of study.
Answer:
Tender offers are typically made publicly and invite shareholders to sell their shares for a specified price and within a particular window of time. The price offered is usually at a premium to the market price and is often contingent upon a minimum or a maximum number of shares sold.
Explanation:
What are real services that offer free E-gift cards?
Q: A company does not pay for this type of advertizing
A.) Direct Marketing
B.) Sponsorship
C.) Publicity
D.) Sales Promotion
Answer:
Publicity is da answer btw: ur profile pic is cute
Explanation:
answer:
C.)Publicity
Explanation:
Hope it helps and I hope you have a wonderful rest of your day!!!! :)
Hope it helps and I hope you have a wonderful rest of your day!!!! :)Brainiest is appreciated it would really help me
Intensive care units (ICUs) generally treat the sickest patients in a hospital. ICUs are often the most expensive department in a hospital because of the specialized equipment and extensive training required to be an ICU doctor or nurse. Therefore, it is important to use ICUs as efficiently as possible in a hospital. Suppose that a large-scale study of elderly ICU patients shows that the average length of stay in the ICU is 3.7 days. Assume that this length of stay in the ICU has an exponential distribution. (Round your answers to four decimal places.)
(a) What is the probability that the length of stay in the ICU is one day or less?
(b) What is the probability that the length of stay in the ICU is between two and three days?
(c) What is the probability that the length of stay in the ICU is more than five days?
The probabilities of the Intensive Care Unit stays, using the exponential distribution, are given as follows:
a) One day or less: 0.2368 = 23.68%.
b) Between two and three days: 0.1379 = 13.79%.
c) More than five days: 0.2589 = 25.89%.
Exponential distributionThe exponential probability distribution, with mean given by m, is described by the following equation:
[tex]f(x) = \mu e^{-\mu x}[/tex]
In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.
The cumulative probability distribution function is:
[tex]P(X \leq x) = \int\limits^a_0 {f(x)} \, dx[/tex]
Hence:
[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]
For this problem, the mean and the decay parameter are given, respectively, by:
[tex]m = 3.7, \mu = \frac{1}{3.7}[/tex]
Hence the probability that an ICU stay is of one day or less is of:
[tex]P(X \leq 1) = 1 - e^{-\frac{1}{3.7}} = 0.2368[/tex]
The probability that it is between two and three days is obtained as follows:
[tex]P(X \leq 2) = 1 - e^{-\frac{2}{3.7}} = 0.4176[/tex][tex]P(X \leq 3) = 1 - e^{-\frac{3}{3.7}} = 0.5555[/tex]0.5555 - 0.4176 = 0.1379.
The probability that the stay is more than five days is:
[tex]P(X > 5) = e^{-\frac{5}{3.7}} = 0.2589[/tex]
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true or false The Internet is the worldwide network of computer networks built on common standards and created in the late 1970s??
The history of the Internet has its origin in information theory and the efforts to build and interconnect computer networks that arose from research and development in the United States and involved international collaboration, particularly with researchers in the United Kingdom and France.
Computer science was an emerging discipline in the late 1950s that began to consider time-sharing between computer users, and later, the possibility of achieving this over wide area networks. Independently, Paul Baran proposed a distributed network based on data in message blocks in the early 1960s, and Donald Davies conceived of packet switching in 1965 at the National Physical Laboratory (NPL), proposing a national commercial data network in the UK
Intermediate Accounting ll
Answer:
c
Explanation:
Which of these is an advantage of most natural fibers?
OA.
O B.
OC.
O D.
They need to be washed by hand or dry cleaned.
They are usually inexpensive.
They are free of bleaches, dyes, and chemicals.
They biodegrade after being thrown away.
The correct option for advantage of most natural fibbers is:
They biodegrade after being thrown away.
Regular strands are well known for the overwhelming majority various reasons, as the texture is by and large more harmless to the ecosystem and solid. Retentive. Normal filaments have a staggeringly high sponginess, as the strands, both plant and creature, have major areas of strength for a for water.
What are the benefits of regular strands?
Regular strands are maintainable materials which are effectively accessible in nature and enjoy benefits like minimal expense, lightweight, sustainability, biodegradability, and high unambiguous properties.
What are the elements of regular strands?
Normal strands are nontoxic, have a lower thickness, are not difficult to deal with, compostable and bountiful with a nonstop inventory. They additionally have OK unambiguous strength properties with high durability, nonabrasive handling and don't make dermal and respiratory aggravation of buyers.
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Intel just paid an annual dividend of $2 a share. Management estimates the dividend
will increase by 10 percent a year for the next two years. After that, the dividend growth rate is estimated at 5 percent. The required rate of return is 12 percent. What is the value of this stock today?
The value of this stock today for Intel is $32.83.
What is a stock?Stocks are a type of security that allows stockholders to own a portion of a company. Stocks are also known as "equities." A stock is a type of investment that represents a portion of a company's ownership. Investors purchase stocks that they believe will increase in value over time.
Stocks are not real assets, but rather financial assets. A financial asset is a liquid asset whose value is determined by a contractual right or ownership claim.
D1 = (2 * 1.1) = 2.2
D2 = (2.2*1.2) = 2.42
Value after year 2 = (D2*Growth Rate)/(Required rate - Growth Rate)
= (2.42*1.05) / (0.12-0.05)
= $36.3
Hence current value = Future dividends and value * Present value of discounting factor (rate%,time period)
= 2.2/1.12 + 2.42/1.12^2 + 36.3/1.12^2
= $32.83(Approx).
The stock is $32.83.
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Once all research is complete, write a report detailing the information. Include the following information:
How do you file the form
What information is required for the form
What changes when an individual receives W-9
What should happen if a mistake is found after the form has been filed
Any other information your instructor deems necessary
Businesses utilize IRS Form W-9, Request for Taxpayer Identification Number and Certification, to request tax information from third parties. The firm knows what details to include on the Form 1098 or Form 1099 based on the information supplied on the Form W-9.
What information is required for the form?
Eight items of information are requested on the W-9 form from independent contractors:
Name. The name used on the person's tax return is this one. This field is necessary. This field either contains the name of an individual or the name of the owner of a single proprietorship. A partnership's or other entity's name may also be stated by the taxpayer.Additional Business Name. Only if the taxpayer uses a DBA name, disregarded entity name, company name, or trade name is this line necessary.Classification of Federal Taxes. The taxpayer must indicate whether they are a corporation, a person, a sole proprietor, a limited liability company with one member, a partnership, a trust, or an estate. Only one of the above alternatives may be chosen by the taxpayer.Exemptions. Whether they are exempt from FATCA reporting or backup withholding is up to the taxpayer to decide.Addresses. The taxpayer has to provide their ZIP code, city, state, and address. Account Numbers. The taxpayer may provide extra information in this option field at the request of the requestor. A bank or brokerage company could require the client to provide their client information here, for instance.Section I, Taxpayer Identification Number Obtaining this tax number from the taxpayer is the fundamental goal of a W-9. It's possible that this is a Social Security or an Employee Identification Number.To learn more about the IRS Forms from the given link
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Once all research is complete, write a report detailing the information. Include the following information:
How do you file the form
What information is required for the form
What changes when an individual receives W-9
What should happen if a mistake is found after the form has been filed
Any other information your instructor deems necessary
A group conducted a survey of 13,000 brides and grooms married in the United States and found that the average cost of a wedding is $26,858. Assume that the cost of a wedding is normally distributed with a mean of $26,858 and a standard deviation of $5,900.
(a) What is the probability that a wedding costs less than $20,000? (Round your answer to four decimal places.)
(b) What is the probability that a wedding costs between $20,000 and $32,000? (Round your answer to four decimal places.)
(c) What is the minimum cost (in dollars) for a wedding to be included among the most expensive 5% of weddings? (Round your answer to the nearest dollar.)
The measures, using the normal distribution, are given as follow:
a) Probability that a wedding costs less than $20,000: 0.1230 = 12.30%.
b) Probability that a wedding costs between $20,000 and $32,000: 0.6848 = 68.48%.
c) Minimum cost of the most expensive 5% of weddings: $36,564.
Normal Probability DistributionThe z-score of a measure X of a variable that has mean symbolized by [tex]\mu[/tex] and standard deviation symbolized by [tex]\sigma[/tex] is given by the rule presented as follows:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The z-score represents how many standard deviations the measure X is above or below the mean of the distribution, depending if the calculated z-score is positive or negative.Using the z-score table, the p-value associated with the calculated z-score is found, and it represents the percentile of the measure X in the distribution.The mean and the standard deviation for the wedding prices are given as follows:
[tex]\mu = 26858, \sigma = 5900[/tex]
The probability that a wedding costs less than $20,000 is the p-value of Z when X = 20000, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (20000 - 26858)/5900
Z = -1.16
Z = -1.16 has a p-value of 0.1230.
The probability that it costs between $20,000 and $32,000 is the p-value of Z when X = 32000 subtracted by the p-value of Z when X = 20000, found above, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (32000 - 26858)/5900
Z = 0.87
Z = 0.87 has a p-value of 0.8078.
0.8078 - 0.1230 = 0.6848.
The minimum cost for a wedding to be in the most expensive 5% of the weddings is the 95th percentile, which is X when Z = 1.645, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
1.645 = (X - 26858)/5900
X - 26858 = 1.645 x 5900
X = $36,564.
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A personality test interpretation is never based on your answer to just one question.
True
False
Answer:
I believe it is true.
Explanation:
I hope that helps!
Identify the ethical culture problem at Texaco in the n-rid-1990s. Z. Based on the facts in the case and what you have learned in this chapter, evaluate the culture change efforI that is under way. What cultural systems have been targeted in the culture change eftbrt? What systems are missing, if any? Does the culture appear to be in alignment'? Misalignment? What else might management do that it hasn't alreacly done to make the culture change successful? 3. How long might such a culture change take?
The ethical cultural problem at Texaco in the mid-1990s was known to be racism as well as discrimination against people who were minorities, and also those employees that were of African American descent.
The Culture change effort at Texaco are:
Make us a good companyAfrican-American in central positionsNew form of recruiting systemsTraining Programs should be set up, etc.Missing system were Rituals, Myths and stories. The culture appear to be in misalignment.
The things that could have been done to make the culture change successful are:
Retaining diversified workforceHiring minorities in central positionsSetting up Scholarship and internship programs for minoritiesTo make culture change Successful:
Examine resultsTake consistent surveys and interviewsDocuments need to be analyzedMore reporting in HotlineThe culture change can take about 3-8 months.
What is Texaco issue about?At the close of the 1990s, The Texaco Company was confronted with a variety of issues. The chance to address the issues of minority and female employment exclusion and discrimination in high-status positions like management was the most significant and significant challenge.
The core issue, which was the financial crisis, may be seen as the harmful effects of such issues as racism, unequal compensation, and a lack of ethics. As a result of the financial crisis, the company was forced to make some changes, such as reducing its workforce (Trevino & Nelson, 2010).
Many unethical actions were taken to address the issues and improve the chances of some workers earning more money: Black employees were subjected to verbal abuse and denied the same benefits as their white coworkers; women were denied access to high positions and were unable to realize their full potential; minorities were paid significantly less than their white counterparts.
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Maslow's hierarchy of needs
Explanation:
Maslow's hierarchy of needs is an idea in psychology proposed by American psychologist Abraham Maslow in his 1943 paper "A Theory of Human Motivation" in the journal Psychological Review. Maslow subsequently extended the idea to include his observations of humans' innate curiosity.
What Is Maslow's Hierarchy of Needs? Maslow's hierarchy of needs is a theory of motivation which states that five categories of human needs dictate an individual's behavior. Those needs are physiological needs, safety needs, love and belonging needs, esteem needs, and self-actualization needs.
Answer: Maslow's hierarchy of needs includes Psychological needs, safety needs, love and belongings, esteem, and self - actualization.
Explanation:
Maslow's Hierarchy of Needs is a psychological theory given by Abraham Maslow, a renowned psychologist. It suggests that human needs can be organized into a hierarchical structure, with more basic physiological needs at the bottom and higher-level needs at the top. These are in chronological order and one needs to be fulfilled to attain the next.
He divides the need into 5 terminologies which were-
1) Psychological needs- These needs are the basic needs which are water, food, shelter, sleep, clothing, etc. If these are met then the psychological needs of a person are fulfilled.
2) Safety Needs- these needs include personal security, health, employment, resources and protection from physical and emotional harm, etc.
3) Love and belongings - these are the social needs of the person. These include the desire for love, affection, friendship, time for family and sense of connection, etc.
4) Esteem - At this stage, a person needs recognition, wants to be appreciated, and needs freedom and respect from others. The person wants to improve his/her self-esteem.
5) Self- Actualization- At the top of the hierarchy, after fulfilling almost all the desires, the person wants to become the best of his/her abilities. It involves realizing one's potential, pursuing meaningful activities, expressing creativity, and striving for personal fulfillment.
Therefore, these are the 5 hierarchical needs given by Maslow.
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Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $220,000 with a 70% assessment rate. Art feels that his return should be 12% per month on his investment after all expenses. The tax rate is $31.50 per $1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art.
Note: Round your intermediate calculations and final answer to the nearest cent.
Monthly rent:?
The monthly rent for Art is 1,062.67
What is the Monthly rent?Generally, The monthly installment of the Minimum Annual Rent plus the monthly installment of projected Annual Operating Expenses that the Tenant is responsible for paying under this Lease is referred to as the Monthly Rent.
In December 2021, the government of Lagos State announced that it planned to begin enforcing a monthly rent system across the state starting in January 2022.
Tenants in the state would no longer be obliged by their landlords to pay their rent one, two, or three years in advance as a result of one of the features of the new Tenancy Laws. This was previously required by the landlords.
The equation for the Assessed Value is
Assessed Value =Value of Property * Rate of Assessment
= 315,000 *70%
=220,500.00
Annual Rent =Tax + Annual General Repair and insurance expense
=$220,500 *[tex]\frac{31.50}{1,000}[/tex]+( 250 /12)+( 120 *12)
=11,385.75
Monthly Rent = Annual Rent / 12$
[tex]\frac{\$ 11,385.75}{12}[/tex]
= $948.81
Monthly Rent of Art = Monthly Rent x (1 + Required return)
= 948.81 *(1+12%)
=1,062.67
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Macey, Inc.'s investment center had average operating assets of $350,000, revenues of $1,050,000 and net operating income of $70,000. Return on investment is Blank______.
Return on investment is 20%. As Macey, Inc.'s investment center had average operating assets of $350,000, revenues of $1,050,000 and net operating income of $70,000.
What is Return on investment?Return on investment is the calculation of an investment's value relative to its cost. ROI is determined by dividing cost by (profit - cost). Your investment's return on investment (ROI), or the proportion of profit generated from a $1,000 investment, would be 0.9, or 90%.
Here are a few methods for calculating ROI. The most common is ROI, which is determined by multiplying the cost of an investment by 100 and net income.
Thus, Return on investment is 20%.
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When political researchers assess opinions towards President Trump's plan for immigration reform, a(n) ________ study is used. However, when political researchers want to assess the change in opinion toward immigration reform since the 1990s, a(n) ________ study should be used.
When political researchers assess opinions towards President Trump's plan for immigration reform, a(n) C) cross-sectional; study is used. However, when political researchers want to assess the change in opinion toward immigration reform since the 1990s, a(n) longitudinal study should be used.
What is a cross-sectional study?Observing the same variables repeatedly over a short or long period of time is the basis of a longitudinal study.
An illustration of a longitudinal study is the 1970 British Cohort Study, which has gathered information on the lives of 17,000 Britons from their births in 1970. An example of an observational study design is the cross-sectional study design. In a cross-sectional study, the researcher simultaneously assesses the participants' exposures and outcomes.
An illustration of a cross-sectional study might be a medical investigation into the incidence of cancer in a particular community. The researcher can assess persons from various ages, ethnic backgrounds, places of residence, and social classes.
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See full question below
36) When political researchers assess opinions towards President Trump's plan for immigration reform, a(n) ________ study is used. However, when political researchers want to assess the change in opinion toward immigration reform since the 1990s, a(n) ________ study should be used.
A) monitoring; communication
B) experimental; ex post facto
C) cross-sectional; longitudinal
D) exploratory; formal
E) laboratory; field
Cross-Cultural Issues at Marico
Imagine that you have recently been hired as a human resources consultant by a Canadian multinational enterprise (MNE) called Marico. Marico designs, manufactures and sells commercial airplane engines and fuselages worldwide. It currently has over 1,000 employees in its three locations, including 500 at its global headquarters in Canada, 300 at a manufacturing plant in the U.S., and now over 200 at its newest manufacturing plant in Mexico.
The firm is having problems communicating and sharing its corporate values and policies with its newest employees in Mexico. The only experience Marico has had in opening a new subsidiary prior to Mexico was in the U.S., where corporate values and policies were taken up by American employees with little difficulty. The problems in the Mexican plant seem to center around poor communications between the managers, who are mostly Canadian, and its new employees, who are mostly from Mexico.
“We want our corporate culture to be the same everywhere,” explains Marico’s CEO, Mr. John Woods, to you over lunch. “We want everything we do in Canada to be the accepted, standard practice across all of our locations, but that just doesn’t seem to be getting across to our employees in Mexico.” John continues by telling you that all new employees are trained in Marico’s corporate culture via discussions with their managers and corporate brochures/reading materials. He says that his Canadian managers in Mexico are frustrated with the Mexican workers’ abilities to learn Marico’s culture and that, as a result, productivity at the plant has been negatively impacted.
You investigate the issue by speaking with managers and employees at the new subsidiary in Mexico. The managers complain that employees at the new plant do not speak their mind very often, and often seem to stress harmony with each other over learning Marico’s culture. Managers are also frustrated that staff meetings frequently start late due to the lateness of employees. The employees, who are younger than their managers on the average, are frustrated that they are not told exactly how to do their tasks; instead, they are told to read their employee manuals for guidance. They are concerned that Marico’s managers are too impatient with them about learning the policies. They feel they have been left to their own devices to figure out how things work, which often causes them to stay late at work. What is more, staying late on their shifts often causes them to be late for staff meetings, where they are often berated by managers for not acting like “good Canadian employees”. After your examination you become convinced that the problem Marico is experiencing relates to culture, and you prepare your report accordingly.
CASE QUESTIONS
1. Select one of Hofstede’s five cultural dimensions to explain to Marico’s the main differences between Marico’s Canadian HQ and its Mexican subsidiary in terms of culture. Explain why you selected this dimension as the primary source of the problem between the Marico HQ and its Mexican plant.
2. In your opinion, what are three ways that Canadian managers could demonstrate higher intercultural competence at Marico’s Mexican subsidiary?
1. One of Hofstede's five cultural dimensions explaining the differences between Marico's Canadian HQ and its Mexican subsidiary in terms of culture is Power Distance.
2. The three ways that Canadian managers could show higher intercultural competence at Marico's Mexican subsidiary include:
Demonstrating an understanding of the differences between low, moderate, and high Power Distance and Collective/Individualistic cultures.Showing the Mexican employees that they are really in charge because that is how they expect them to do and being patient with the Mexican employees in learning the Marico policies.Organize collective learning sections to guide the Mexican employees instead of asking them to read their employee manuals individually.What are Hofstede's five cultural dimensions?
Hofstede's five cultural dimensions include:
Power distanceUncertainty avoidanceIndividualism/collectivismMasculinity/femininityLong-term orientation.
Power distance means that Mexican employees expect Canadian managers to lead and even micromanage them, most time.
Culturally, Mexico scores high on Power Distance, unlike Canada and the United States. People from cultures with high Power Distance do not communicate well with managers from cultures with low Power Distance because the employees expect the managers to tell them what to do.
Uncertainty avoidance implies that Mexicans do not tolerate uncertainty or being left to carry out tasks individually, but would like their Canadian managers to direct them in all tasks.
Individualism/Collectivism: Mexicans, as observed, do not embrace individualistic practices but rather prefer to work in group harmony.
Masculinity/femininity: Male dominance is prevalent in Mexico, with elders issuing instructions to their juniors.
Long-term orientation, like power distance, is low in Canada but high in Mexico, and understanding this reality is essential.
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Reese opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
Reese opened his business in February. Due to circumstances beyond his control, it closed in August. The month of this short tax year that will serve as the midpoint for purposes of calculating depreciation using the half-year convention is: July. (Option D)
What is tax year?For a short tax year, the month of July will be used for depreciation using the midpoint technique. This is because when an asset is acquired throughout the year and used after the second half, July 1 is used to calculate depreciation using the half-year approach. As a result, option d, July, is the right answer.
A fiscal year is used in government accounting, which differs by country, as well as budgeting. Businesses and other organizations also utilize it for financial reporting.
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Full Question:
Jackson opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
A) April
B) May
C) June
D) July
Purchased computers 300 and the payment is made through cheque
Answer:
300 computers being a big no. it would cost much more currency even for which most possibly we won't able to give cash to the enterprise.
Explanation:
While dealing with a big and huge amount it is prefferable to go with and do the payments through the cheque,while the cash option is a bit hectic.
what is organizational culture
Answer:
How individuals work and function
Question 13
Explain the fiscal policy actions used to stimulate the
economy during a recession. What is this type of fiscal
policy called?
Expansionary fiscal policy, designed to stimulate the economy, is most often used during a recession, times of high unemployment or other low periods of the business cycle. It entails the government spending more money, lowering taxes or both.
Economic coverage is the policy adopted by the economic authority of a kingdom to control both the hobby price payable for terribly quick-term borrowing (borrowing through banks from each different to meet their brief-term wishes) or the cash delivery, frequently as a try to lessen inflation or the hobby fee, to ensure charge stability and widespread belief of the cost and balance of the nation's currency. Monetary policy is an amendment of the delivery of money, i.E. "printing" extra money, or decreasing the cash supply by means of changing hobby costs or getting rid of excess reserves. This is in the assessment to economic coverage, which relies on taxation, government spending, and authority borrowing as methods for a government to control enterprise cycle phenomena along with recessions.
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