Business Finance Homework Help

Topic: Asset Turnovers, Labor Laws, and Technology Obsolesce

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Many European countries have laws that limit the times and number of hours that employees may work. These laws are much weaker in the US, China, and many other countries. How will these laws effect ratios such as the Total Asset Turnover, and the Fixed Asset Turnover? How will these laws influence the desire of manufacturing intensive companies to locate in Europe vs. China or the USA? During the development of the personal computer industry Dell moved quickly to a just-in-time manufacturing model while competitors like Compaq did not. How would this affect the Inventory Turnover ratio and the competitiveness of Dell vs. Compaq?

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Explain the nature of the following behavioral biases, if possible, with some behavior of others you have observed in your life:

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1. Mental accounting
2. Framing bias
3. Availability bias
4. Overconfidence bias