The project manager identifies 20 tasks needed to complete her project. She has four project team members available to assign to these activities. The process of assigning personnel to project activities is known as:
Answers
The process of assigning personnel to project activities, as described in your question, is known as "resource allocation." In this scenario, the project manager has identified 20 tasks that need to be completed for the project's success.
She has four team members at her disposal, and her responsibility is to assign each member to one or more tasks, ensuring that all tasks are covered and the project proceeds efficiently. Resource allocation is a critical aspect of project management, as it involves determining the most effective use of available resources, including personnel, equipment, and finances. This process ensures that the right resources are assigned to the right tasks, thereby optimizing the overall project performance and helping achieve project goals within the defined timeline and budget. The project manager needs to consider several factors when allocating resources, such as the skills and expertise of team members, task dependencies, and the project's priorities. Additionally, the manager should monitor and adjust resource allocation throughout the project, as unforeseen circumstances may require reallocation or reassignment of resources. In summary, resource allocation is the process of assigning personnel, equipment, and other resources to project activities, ensuring efficient utilization and successful completion of the project. In your case, the project manager will allocate the 20 tasks among the four team members to maximize their skills and expertise for the benefit of the project.
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Related Questions
A standard cost system depends on which two types of standards? a. Quantity and price b. Quantity and efficiency c. Rate and price d. Rate and spending
Answers
The answer is: a. Quantity and price.
A standard cost system relies on two types of standards: quantity standards and price standards.
Quantity standards refer to the predetermined amount of materials, labor, or other resources that should be used to produce a unit of output. These standards specify the expected quantity or usage rate of inputs required for each unit of production.
Price standards, on the other hand, represent the predetermined cost per unit of input, such as the expected price of materials or the standard wage rate for labor. Price standards provide a benchmark for the cost of inputs and are used to calculate the standard cost of producing a unit of output.
By combining quantity and price standards, a standard cost system sets the expected cost per unit of output based on the predetermined quantities and prices. This allows for cost control, performance evaluation, and variance analysis by comparing the actual costs incurred during production against the standard costs.
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Food waste like a feather or bone fall into food causing contamination
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The food waste like feathers or bones can indeed cause contamination if they fall into food. This is because these types of waste can harbor bacteria and other harmful microorganisms that can then spread to the food they come into contact with.
For example, if a feather falls into a pot of soup and is not removed, it could contaminate the entire batch and make people sick if consumed. Therefore, it is important to properly dispose of food waste and ensure that any foreign objects are removed from food before it is served or consumed.
Contamination occurs when unwanted substances are introduced into food, potentially compromising its quality and safety. In the case of food waste like feathers or bones, they can introduce harmful bacteria or physical hazards, leading to potential illness or injury for those who consume the contaminated food. It is essential to practice proper food handling and hygiene to prevent such contamination.
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Activity: Critical Thinking Questions
1. Research is clear that charismatic power is the most impactful for a manager. Make your case for which of the other four is most useful.
2. The manager needs to create a safe environment and build credibility to get team members to follow them. What else should they do to elicit followership?
3. How can the leading function of management be leveraged within the context of Corporate Social Responsibility?
How to Answer the Critical Thinking Questions
For each of these answers you should provide three elements:
1. General Answer: Give a general response to what the question is asking or make you arguments to what the question is asking.
2. Outside Resource/s: Provide a quotation from a source outside of this textbook. This can be an academic article, news story, or popular press. This should be something that supports your argument. Use the sandwich technique explained below and cite your source in APA in text and then a list of full-text citations at the end of the homework assignment of all three sources used.
3. Personal Story: Provide a personal story that illustrates the point as well. This should be a personal experience you had, and not a hypothetical. Talk about a time from your personal, professional, family, or school life. Use the sandwich technique for this as well, which is explained below.
SANDWICH TECHNIQUE
Step 1: Provide a sentence that sets up your outside resource by answering who, what, when, or where this source is referring to.
Step 2: Provide the quoted material or story.
Step 3: Tell the reader why this is relevant to the argument you are making.
Please answer ALL and follow the instructions. Nonsense answer = Report
Answers
1. The most useful power for a manager depends on various factors, such as the specific situation, goals, and the personality and preferences of the manager.
2. To elicit followership, a manager should also:
Lead by example and demonstrate ethical and moral behaviorCommunicate a clear vision and set of goals for the teamProvide opportunities for growth and development for team membersFoster a positive and inclusive team cultureEmpower and delegate responsibilities to team members effectively3. The leading function of management can be leveraged within the context of Corporate Social Responsibility by:
Communicating and implementing the organization's CSR goals and policies throughout the teamEncouraging and supporting team members to engage in CSR initiatives and volunteer workIntegrating CSR into the team's day-to-day operations and decision-making processesMeasuring and reporting on the team's impact and progress towards CSR goals.What is Corporate social responsibility?Corporate social responsibility is a type of international private business self-regulation that tries to support philanthropic, activist, or charitable societal goals by participating in or promoting volunteer work or morally upstanding behaviors.
Corporate social responsibility is a corporate strategy that involves a company's monitoring and assurance of compliance with legal, ethical, environmental, societal, national, and international norms.
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a(n)____chart shows relationships among people; who is accountable for the completion of specific work, and who reports to whom.
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An organizational chart shows relationships among people, illustrating who is accountable for the completion of specific work and who reports to whom within an organization.
This type of chart provides a visual representation of the hierarchy, roles, and responsibilities of employees. Organizational charts are useful tools for management and employees alike, as they clarify lines of authority, communication, and decision-making.
In an organizational chart, positions are usually represented as boxes connected by lines, which indicate reporting relationships. The top box typically represents the highest-ranking position, such as the CEO or President. As you move down the chart, you'll see various levels of management and their respective subordinates. Positions with similar responsibilities may be grouped together into departments or functional units, such as Marketing, Finance, or Human Resources.
Organizational charts can help employees understand their place within the company and who they should report to for specific tasks. This clarity can improve communication and collaboration, streamline decision-making processes, and help prevent confusion or misunderstandings. Moreover, organizational charts can be beneficial for new employees to get familiarized with the company's structure and identify key personnel they may need to interact with.
Overall, an organizational chart is an essential tool for visualizing the structure and relationships within an organization, ensuring a clear understanding of reporting lines and accountability for completing specific work tasks.
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An applicants medical information receives from the medical informatuon bureau may be furnished to who?
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when one of serena's employees raises the concern that some of the bakery's products may have been contaminated during a cleaning product spill, serena is overcome with a feeling of worry that customers could become ill if they consume her pastries. based on these feelings, serena makes a snap decision to close the store for several hours to allow time for baking a new batch of pastries. which type of intuition does this represent?
Answers
The type of intuition that Serena is relying on in this scenario is affective intuition.
What is Affective intuition?Affective intuition is an intuitive response that arises from an emotional or affective reaction to a situation, rather than a deliberate and rational decision-making process. It involves relying on feelings, emotions, and hunches to make decisions, rather than relying on analytical or logical reasoning.
In this scenario, Serena is overcome with a feeling of worry about the potential harm that contaminated pastries could cause to her customers. She makes a snap decision to close the store and bake a new batch of pastries to alleviate her concerns about customer safety.
This decision is based on her emotional response to the situation, rather than a deliberate and rational decision-making process. Therefore, it is an example of affective intuition.
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In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
Answers
In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
What is self managed team?Self-managed team includes group of people a that work together to render a service or to sell and produce a good.
They do not work under any manage or require managerial supervision.
Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
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Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
D. Catalog
Explanation:
Its not a store.
to create strong partnering relationships, supply chain members must develop mutual trust, openly communicate, have common goals, recognize the benefits of interdependence, and
Answers
Supply chain members must build mutual trust, communicate openly, share common goals, recognize the benefits of interdependence, and be willing to invest in each other's success.
Through these competencies, partnering relationships will be stronger and more effective in achieving the organizational goals and targets of each member of the supply chain.
The supply chain network comprises:
ProducersSellersWarehousesTransport companiesDistribution centersRetailersIt is essential that the relationship between a company and its suppliers is integrated and that one member contributes to the other's success, as each step of the supply chain is related to another.
Therefore, as the supply chain is a cycle, each step will impact the activities of the next step, requiring the integration of members and maintaining the quality of the product cycle until reaching the end customer.
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Use this graphic to answer the question.
A new restaurant owner receives a loan of $400,000.00. To help the owner make the right decisions about how to spend the money, another restaurant owner has supplied a general breakdown of costs and a flowchart on how to make investment decisions.
The restaurant is in the business district, and many customers will come in mid-afternoon for lunch. Based on the flowchart and breakdown, which cost is most important to attract these customers?
insurance
food-handler’s license
background music
kitchen equipment
Answers
The food handlers license is the cost that is the most important that would help to attract the customers.
How would the cost attract customers?Based on the fact that the business is licensed to operate, the people would be able to trust the food business.
Hence they would be more likely to be able to go there in order to get the services that they need in the business.
Hence the license is the cost that would help to attract the people
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hich practices are regulated by federal laws, in terms of a salesperson's ability to telephone potential customers?
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The broad and permanent rules that the executive departments and agencies of the federal government publish in the Federal Register are codified in the Code of Federal Regulations (CFR).
The 50 titles indicate the major categories covered by federal regulation. The government controls company operations in five key areas: advertising, labour, the influence on the environment, privacy, and health and safety. A Federal Regulations is a list of requirements made by a federal government departments to implement a piece of legislation that Congress has approved. For instance, the Federal Reserve Board has produced regulations over the years to aid in the implementation of statutes like the Dodd-Frank Act.
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Identify a circumstance outside the economy that can cause unemployment.
A. The United States hosts the Olympic Games
B. A hurricane damages the Gulf Coast
O
C. A new museum opens in the city of Dallas
O
D. The northeast experiences a summer heat wave
Answers
Answer:
B. A hurricane damages the Gulf Coast
Explanation:
If a hurricane occurs, it would destroy businesses and this can cause unemployment.
If the United States hosts the Olympic Games and if a new museum opens in the city of Dallas, employment would increase
In addition to operations, which of the following is considered a "line" function? A. accounting. B. finance. C. IT. D. procurement E. sales.
Answers
The correct answer is E. sales. therefore the correct option is (E).
A sale is a transaction that involves exchanging products or services for a certain sum of money. To put it another way, a sale is any action that includes giving the buyer possession of a thing or commodity in return for payment. In general commercial operations, sales refer to any transactions where money or value is transferred for the ownership of an item or right to a service. Sales, in the context of accounting, refers to the income generated by a corporation via the selling of goods or services (net sales).
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Depreciation is a non-cash expense that is deducted from revenues to arrive at net income; therefore, it must be ______ net income to determine the actual amount of funds on hand.
Answers
Depreciation must be considered because it is a non-cash item that is subtracted from revenues to determine net income profit net income to determine the actual amount of funds on hand.
The expenses that are listed on the income statement but do not really involve a cash transaction are known as non-cash expenses. Depreciation is one such noncash expense. There is no cash flow when depreciation is debited in the income statement, yet the net profit is reduced.
When the cost of the asset is assigned on the income statement, a depreciation expense lowers net income. Depreciation is a method of accounting for decreases in a fixed asset's value over time.
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Please help me where can I find an app that helps me more about Business and becoming a business man please help thank you have a great rest of your day:)
Answers
1.] Gusto "Small business owners with a team to run may find Gusto a lifesaver."
2.] Scanner App. "This free app for small business lets you send documents and forms on the go."
3.] Square. "Square is the payment app for small business right now."
4.] Wunderlist. ...
5.]LinkedIn. ...
6.]PicMonkey. ...
7.] Shopventory. ...
8.] TripIt.
these are all ranked gusto being the best and 8 being good but not as good as the top 3
The number and characteristics of sellers and buyers are known as _____.
market strategy
market research
market structure
market function
Answers
Answer:
The number and characteristics of sellers and buyers is called market structure.
Explanation:
hope it help
A vast global network that is made up of many smaller interconnected networks is known as
Answers
Answer:
The internet
Explanation:
PLEASE HURRY 20 POINTS
Henry is the local district attorney. It is his job to prosecute criminals and keep the public safe from those who might break the law again. What skill would be helpful to Henry in his career?
A.
Henry likes to build things.
B.
Henry is great at public speaking.
C.
Math problems come easy for Henry.
D.
Henry is artistic and enjoys painting.
Answers
Answer:
Henry like to build things
Answer:
B
Explanation:
The longet ide of an obtue triangle meaure 20cm. The two horter ide meaure Xcm and 3xcm rounded to the nearet tenth ,what i the greatet poible value of x
Answers
The greatest possible value of x is 6.3 cm, if the longest side of an obtuse triangle measure 20cm. The two shorter side measure x cm and 3x cm rounded to the nearest tenth.
As given in Question,
Longest side is 20 cm
Two shorter sides are x cm and 3x cm.
According to Obtuse triangle Properties:
square of sum of two shorter side is less than square of longest side
i.e. (sum of two shorter side)² < (longest side)²
If an obtuse triangle is given and 20 cm is the longest side, then:
x² + (3x)² < 20²
x² + 9x² < 400
10x² < 400
x² < 40
x < 6.3
So, the greatest possible value of x could be 6.29999...≈ 6.3 to the nearest tenth.
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You decide to invest $250 in an account that yields a return of approximately 4% each year. Which function represents this situation?.
Answers
The function represents this situation y = 250 x (1.04)^x.
What is function?
Describe a function. A relation between a collection of inputs and outputs is known as a function. A function is, to put it simply, a relationship between inputs in which each input is connected to precisely one output. Each function has a range, codomain, and domain. The usual way to refer to a function is as f(x), where x is the input. A function is typically represented as y = f. (x). We will now talk about the different types that these functions fall under. For more information, see the lesson on Relations and Functions.
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The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,300 direct labor-hours will be required in January. The variable overhead rate is $8 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,170 per month, which includes depreciation of $3,590. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answers
Answer:
$65,980
Explanation:
Calculation for what The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be
Using this formula
Cash disbursements for manufacturing overhead= Variable + Fixed
Let plug in the formula
Cash disbursements for manufacturing overhead=(3,300*$8) + ($43,170 - $3,590)
Cash disbursements for manufacturing overhead= $26,400 + $39,580
Cash disbursements for manufacturing overhead= $65,980
Therefore The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $65,980
19. The occupational crowding model of discrimination predicts a. why men, in some cases, earn less than women. b. that firms will compete with one another for the best employee and that discrimination will be eliminated. c. that, unless the government gets involved, discrimination will become more severe. d. that men's wages will fall and women's wages will rise when certain jobs are no longer dominated by men. e. the financial advantages for women crowding into a single occupation.
Answers
Answer:
d. that men's wages will fall and women's wages will rise when certain jobs are no longer dominated by men.
Explanation:
Barbara Bergman developed the Occupational Crowding Model in 1971 in order to try to explain why women and certain minority groups earned in average much less than white males. She even calculated any bias due to higher education, but still she was able to show flagrant labor discrimination based on gender and race.
Her study showed how women and minorities are consistently excluded or crowded out from high paying jobs and high corporate positions. The vast majority of high paying jobs and high corporate positions are filled with white non-Latin males (Latins are not a race, they come in all colors, they are a culture).
If this tendency is eliminated, women and minorities should be able to earn similar wages than white non-Latin males since they are capable of performing the same functions in a similar and comparable manner. I.e. all women and all men are equally capable.
This has improved a little bit in the last years, but still the bias against women and minorities still exists. Forty years ago no one would even dream that a large US corporation would be headed by someone from a minority group, but nowadays Apple, Alphabet (Google), Sprint, ADM, HP, and others, are headed by people that fit into minority groups.
This is great, but you shouldn't have to search for corporations that are headed by non-Latin heterosexual whites, it should be normal. And more women are needed in these places also. Women are capable of doing everything that any man can do.
List and explain the 3 parts of the message-receiving process
Answers
The three parts of the message-receiving process are reception, processing, and response.
Reception refers to the physical act of receiving a message through our senses, such as hearing or seeing.
Processing involves our brain interpreting and making sense of the message. This includes analyzing the words, tone, and context of the message, as well as considering our own biases and experiences.
Finally, response refers to the action we take in response to the message, which may include verbal or nonverbal communication or changes in behaviour. It is important to note that our response is influenced not only by the message itself, but also by our own thoughts, feelings, and attitudes.
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A genuine free market requires restrictions on the ability of predator multinationals to create monopolies. True or False
Answers
Answer:
True
Explanation:
A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.
Therefore there is a possibility for predator multinationals to create or form monopolies.
Directions: Choose whether each statement describes a credit union, commercial bank, or both by placing the corresponding letter in the blank 1 point each)
Class
A. Credit Union
B. Commercial Bank
C. Both
1. Anyone can open an account here
2. Offers financial services
3. Owned by their customers
4. In business to make money
5. Membership requirements to open an account
Answers
Anyone can open an account in a commercial bank and offers financial services.
What is a commercial bank?An example of a financial intermediary is a commercial bank, which provides a range of products and services to businesses to meet their liquidity needs. The institution receives and oversees deposits in order to earn fee income and act as a low-cost source of funds. The acceptance of deposits and the granting of credit are the two basic ways that commercial banks make money, and they cater to a variety of economic sectors as clients. Both business banks and commercial banks simultaneously provide services to small and medium-sized firms (SMEs). Depending on whether a client meets middle market or business bank criteria, they could be classified into "small business" and "commercial bank" groups, respectively.
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Halp! I need an answer right away
Thank you
Answers
Answer:
see below
Explanation:
Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients. For a business to be profitable, its revenues must exceed expenses.
If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.
When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.
Please help!!!!!!!
When a business becomes a corporation, it would be identified by which of the following characteristics?
A)Business owned by one person
B)Business owned by two or more people who operate the business as co-owners
C)Business recognized by law to have a life of its own
Answers
Answer: B
Explanation:
If the account is interest bearing, how would you account for the interest when you reconcile your account?
1. subtract the interest from your running balance
2. add the interest to your running balance
3. forget about it since it is probably a small amount
4. keep a separate entry for interest
Answers
Answer:
the answer is 1 I do in fact think
The account for the interest when you reconcile your account is subtract the interest from your running balance Option(1) is correct. Stores have filled unequivocally as of late, despite the fact that there has been no development in interest-bearing protections.
What is Interest Bearing?An interest-bearing record is a kind of financial balance that pays the client an interest rate in return for them storing their cash at the bank.
The return and interest rate offered will change by bank and rely upon the record agreements. They can likewise change over the long run. There are various reasons you ought to open an interest-bearing record.
Not exclusively will you bring in cash from your reserve funds, yet you can keep it where you will not be enticed to spend it. It's dependably really smart to set aside cash and keeping one or even a few records that procure you interest is a shockingly better thought.
Families contribute around two-fifths of their monetary resources in interest-bearing resources. These resources are prevalently held straightforwardly in stores and furthermore through superannuation and other venture reserves.
Therefore Option(1) is correct.
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Question 2 Fusion Team allows you to create Meetings, Discussions and _______ to help keep on track of
Answers
Fusion Team allows you to create meetings, discussions and Wiki pages to help keep on track of projects.
What is a Wiki page?
A wiki is a website created for groups of individuals to easily record and share ideas by building straightforward pages and connecting them. A wiki can be utilised by your company in a number of ways. An Enterprise wiki allows for the large-scale sharing of enormous amounts of data.
How are wiki pages operated?
A wiki is, in the simplest terms possible, a website, database, or online community that is run by its users. Therefore, each user has the ability to add, amend, or delete content. Wikis typically feature various pages devoted to various subjects or themes. A wiki engine, also referred to as wiki software, powers them.
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The correct answer is Fusion Team allows you to create Meetings, Discussions and to help keep on track of Wiki Pages.
You may access your Fusion 360 and project data through a Fusion Team, and the data is kept in the cloud. You can manage roles (permissions), files, versions, markups, and make comments with Fusion Team. You can even restore deleted files. Members of your Fusion Team can be invited, and you can manage their access to your files. Software for teamwork is available as part of Autodesk Fusion 360 Team Participant. On any device, anywhere, share, evaluate, and manage design work. The Lift Controller Pitagora 4.0 by DMG can have all of its key settings controlled using the comprehensive and user-friendly dashboard provided by FUSION. Utilize FUSION from your smartphone to execute predictive maintenance, change lift settings, perform system diagnostics, and track the condition of system inputs and outputs.
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Fethe's Funny Hats is considering selling trademarked, orange-haired curly wigs for University of Tennessee football games. The purchase cost for a 2-year franchise to sell the wigs is $20,000. If demand is good (40% probability), then the net cash flows will be $25,000 per year for 2 years. If demand is bad (60% probability), then the net cash flows will be $5,000 per year for 2 years. Fethe's cost of capital is 10%.
If Fethe makes the investment today, then it will have the option to renew the franchise fee for 2 more years at the end of Year 2 for an additional payment of $20,000. In this case, the cash flows that occurred in Years 1 and 2 will be repeated (so if demand was good in Years 1 and 2, it will continue to be good in Years 3 and 4). Use the Black-Scholes model to estimate the value of the option. Assume the variance of the project's rate of return is 0.3397 and that the risk-free rate is 6%. Do not round intermediate calculations. Round your answers to the nearest dollar.
Value of the growth option:
Value of the entire project:
We are examining a new project. We expect to sell 5,600 units per year at $70 net cash flow apiece for the next 10 years. In other words, the annual cash flow is projected to be $70 × 5,600 = $392,000. The relevant discount rate is 18 percent, and the initial investment required is $1,550,000. After the first year, the project can be dismantled and sold for $1,270,000. Suppose you think it is likely that expected sales will be revised upward to 8,600 units if the first year is a success and revised downward to 4,200 units if the first year is not a success. Suppose the scale of the project can be doubled in one year in the sense that twice as many units can be produced and sold. Naturally, expansion would be desirable only if the project is a success. This implies that if the project is a success, projected sales after expansion will be 17,200. Note that abandonment is still an option if the project is a failure.
If success and failure are equally likely, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Value of the growth option: $3374.47Value of the entire project: $5,227.74First, we need to calculate the value of the growth option. Here are the steps:Step 1: Calculate the price of the underlying asset.For a two-year investment, the initial outlay is $20,000. In year 1, the cash flow will be either $5,000 or $25,000. In year 2, if the option is exercised, the cash flow will be either $5,000 or $25,000. The present value of these cash flows can be calculated as follows:Pv1Good demand = $25,000 / (1+10%)^1 = $22,727.27Pv1Bad demand = $5,000 / (1+10%)^1 = $4,545.45Pv2Good demand = $25,000 / (1+10%)^2 = $20,661.16Pv2Bad demand = $5,000 / (1+10%)^2 = $4,132.23Step 2: Calculate the variance of the project’s rate of return.The variance is given as 0.3397.Step 3: Calculate d1 and d2.d1 = [ln($22,727.27/$20,000) + (0.06 + 0.3397/2) x 1]/[0.5826] = 1.56d2 = d1 - 0.5826 = 0.98Step 4: Calculate the value of the growth option.The value of the growth option can be calculated using the Black-Scholes formula as follows:Value of the growth option = $20,000 x [0.7533 x N(1.56) - 0.5715 x N(0.98)] = $3374.47Next, we need to calculate the value of the entire project. Here are the steps:Step 1: Calculate the present value of the annual cash flows.The present value of the annual cash flows can be calculated as follows:PV of annual cash flows = $70 x 5,600 x [(1 - 1/(1 + 18%)^10) / 0.18] = $356,451.22Step 2: Calculate the present value of the terminal value.The present value of the terminal value can be calculated as follows:PV of terminal value = $1,270,000 / (1 + 18%)^1 = $1,075,423.73Step 3: Calculate the NPV.The NPV can be calculated as follows:NPV = - $1,550,000 + $356,451.22 + $1,075,423.73 + $3374.47 = $5,227.74Therefore, the NPV of the project is $5,227.74.