Answer:
The quantity demanded will decrease by 2%.
Explanation:
This can be determined using the elasticity formula as follows:
e = Percentage change in quantity demanded change / Percentage change in price ........ (1)
Where;
e = elasticity of demand for college textbooks = -0.1
Percentage change in quantity demanded change = ?
Percentage change in price = 20%
Substituting the values into equation (1) and solve for Percentage change in quantity demanded change
-0.1 = Percentage change in quantity demanded change / 20%
Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%
Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.
Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2018 and 2019.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $45,000
Useful life= 5 years
Salvage value= $10,000
To calculate the annual depreciation under the double-declining balance method, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018:
Annual depreciation= 2[(45,000 - 10,000) / 5]
Annual depreciation= 14,000
2019:
Annual depreciation= 2*[(35,000 - 14,000)/5]
Annual depreciation= $8,400
The depreciation expense using the double-declining-balance method in 2018 is $18,000 and in 2019 is $10,800.
The double-declining balance method is an accelerated depreciation method when compared with other deprecation methods.
Depreciation expense = (2 x cost of the asset) / useful life of the asset
Deprecation expense in 2018
(2 x $45,000) / 5 = $18,000
Deprecation expense in 2019
Book value in 2019 = cost of the asset - deprecation expense
$45,000 - $18,000 = $27,000
Deprecation expense = (2 x $27,000) / 5 = $10,800
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Bob has $2,500 invested in a bank that pays 6.0% annually. How long will it take for his funds to double? Hint: use NPER
Answer:
It will take 11.90 years for the funds to double
Explanation:
Here we want to calculate the time it will take for the invested amount to be doubled.
Mathematically;
t = ln(future value/ Present value)/ln(1 + rate)
From the question;
Future value = 2 * invested amount = 2 * 2500 = $5,000
Present value = $2,500
Rate = 6% = 6/100 = 0.06
Substituting these values, we have
t = ln(5000/2000)/ln (1 + 0.06)
t = ln2/ln1.06
t = 11.90 years
Petty Cash Fund Murphy, Inc., maintains a balance of $2,200 in its petty cash fund. On December 31, Murphy's petty cash account has a balance of $223. Murphy replenishes the petty cash account to bring it back up to $2,200. Murphy classifies all petty cash transactions as miscellaneous expense. Required: What entry is made to record the replenishment of the petty cash fund? Dec. 31 (Replenish petty cash fund and recognize expenses)
Answer: Check attachment
Explanation:
Miscellaneous expenses are the small and infrequent expenses which a business incurs.
Based on the question, the miscellaneous expenses is calculated as:
= $2200 - $223
= $1977
Check the attachment for further details
Your company is a new major player in your technology industry. Surprisingly, this last year has seen your sales explode. Everyone's talking about you and your hot products. Your product designers are ready to roll out the new year's models to capitalize on this success. You have been named as the project manager for your company's trade show exhibit at this year's Consumer Electronics Show (CES), the largest trade show in the world. Marketing has booked half of a whole exhibit area for your company, so none of the company's former trade show materials are going to be reused.
As an individual, or in a group, construct the work breakdown schedule (WBS) for getting the exhibit designed, built, set up at CES and ready for opening day, complete with handouts and giveaways from marketing.
Explanation:
Marketing management is the act of choosing and targeting different markets and creating good relationships with them, regarding the resources of the company.
The marketing managers are the responsible for directing and entering a company to different markets by setting a marketing plans and strategies based on information allocated by studying the markets and defining the needs and wants of customers and come up with products that satisfy the needs of customers and gain the market.
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According to Richard Branson, the founder and owner of Virgin Company, one of the richest and famous entrepreneurs in the United Kingdom and worldwide, “A business has to be involving, it has to be fun and it has to exercise your creative instinct”.
In marketing we almost use the four P’s, (product, price, promotion, place), these four P’s represent a convenient way to summarize the main factors involved in any marketing strategy.
Often, marketing strategy will evaluate a marketing plan in order to specify how able the company to implement the strategy decided and meet the business objectives.
The purposes of marketing plan to help you state your vision, mission and values, it needs to include your marketing budget, marketing strategy and the advertising plan you will use to market your business, and you need to keep it flexible to be sure you rich you goals and inve
CDB stock is currently priced at $85. The company will pay a dividend of $5.69 next year and investors require a return of 11.6 percent on similar stocks. What is the dividend growth rate on this stock?
Answer:
4.91%
Explanation:
CDB stock is currently priced at $85
The company will pay a dividend of $5.69
The required return is 11.6%
There for the dividend growth rate on this stock can be calculated as follows
11.6/100= (5.69/85) + growth rate
0.116= 0.0669 + growth rate
0.116 - 0.0669 = growth rate
0.0491 × 100 = growth rate
Growth rate = 4.91%
The correlation between the monthly changes of the spot price and futures price of a commodity is 0.95. The standard deviations of monthly changes of the spot price and futures price are 0.25 and 0.30 respectively. Each futures contract represents 1000 units of the commodity. A company needs to purchase 50,000 units of the commodity in 1 month, and wants to use the futures contract hedge the price risk. How many futures contracts should the company long or short
Answer and Explanation:
Given that correlation between the monthly changes of the spot price and futures price of a commodity = 0.95
standard deviations of monthly changes of the spot price = 0.25
standard deviations of monthly changes of the futures price = 0.30
Futures contract =1000 units of commodity
To calculate how many futures contracts long or short if company needs to purchase 50,000 units of the commodity in 1 month using the futures contract hedge the price risk:
We calculate Hedge ratio = correlation * Spot price changes Standard deviation/ Futures contract price changes standard deviation
= 0.95 * 0.25/0.30
=0.7917
=79.17%
Calculate how many futures contracts the company should short =
50000 * 79.17%/1000
=39.58
= -39 contracts(negative shorts as from question)
Automatic Transmissions, Inc., has the following estimates for its new gear assembly project: price = $1,130 per unit; variable cost = $350 per unit; fixed costs = $4.86 million; quantity = 76,000 units. Suppose the company believes all of its estimates are accurate only to within ±16 percent. What values should the company use for the four variables given here when it performs its best-case and worst-case scenario analysis?
Answer and Explanation:
The computation is shown below:
Situations Unit sales Unit price Unit variable cost Fixed cost
Base 76,000 $1,130 $350 $4.86 million
Best 88,160 $1,311 $294 $4.0824 million
(76,000 × 1.16) ($1,130 × 1.16) ($350 × 0.84) ($4.86 × 0.84)
Worst 63,840 $949 $406 $5.6376 million
(76,000 × 0.84) ($1,130 × 0.84) ($350 × 1.16) ($4.86 × 1.16)
The values should the company use for the four variables given here when it performs its best-case and worst-case scenario analysis :
Situations Unit sales Unit price Unit variable cost Fixed cost
Base 76,000 $1,130 $350 $4.86 million
Best 88,160 $1,311 $294 $4.0824 million
(76,000 × 1.16) ($1,130 × 1.16) ($350 × 0.84) ($4.86 × 0.84)
Worst 63,840 $949 $406 $5.6376 million
(76,000 × 0.84) ($1,130 × 0.84) ($350 × 1.16) ($4.86 × 1.16)
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Given the following information, calculate the loan-to-value ratio of this commercial loan: estimated net operating income in the first year: $150,000; debt service in the first year: $100,000; loan amount: $1,000,000; purchase price: $1,300,000.
Answer:
0.77
Explanation:
Calculation for the loan-to-value ratio
Using this formula
Loan-to-value ratio=Loan amount/ Purchase price
Let plug in the formula
Loan-to-value ratio=1,000,000/1,300,000
Loan-to-value ratio= 0.77
Therefore the loan-to-value ratio of this commercial loan will be 0.77
Crane Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $140,000, $240,000, and $54,000, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,000, machine hours 24,000, and number of inspections 1,200. Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections $ per inspection
Answer:
1. $70 per set up
2. $10 per machine hour
3. $45 per inspection
Explanation:
With regards to the above,
Compute the overhead rate for
1. Machine set ups
= Estimated annual overhead cost / Estimated annual Number of setups
Estimated annual overhead costs = $140,000
Estimated annual Number of setups = 2,000
= $140,000 / 2,000
= $70 per set up
2. Machining
= Estimated annual overhead costs / Estimated annual Machine hours
Estimated annual overhead costs = $240,000
Estimated annual Machine hours = 24,000
= $240,000 / 24,000
= $10 per machine hours
3. Inspection
= Estimated annual overhead costs / Estimated annual number of inspections
Estimated annual overhead costs = $54,000
Estimated annual number of inspections = 1,200
= $54,000 / 1,200
= $45 per inspection
he Presley Corporation is about to go public. It currently has aftertax earnings of $7,000,000, and 2,000,000 shares are owned by the present stockholders (the Presley family). The new public issue will represent 500,000 new shares. The new shares will be priced to the public at $25 per share, with a 4 percent spread on the offering price. There will also be $250,000 in out-of-pocket costs to the corporation. a. Compute the net proceeds to the Presley Corporation. (Do not round intermediate calculations and round your answer to the nearest whole dollar.)
Answer:
Missing question is "a. Compute the net proceeds to the Presley Corporation. (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Net proceeds
b. Compute the earnings per share immediately before the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share
c. Compute the earnings per share immediately after the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share "
a. Net proceeds = Shares issued * Share price*(1-0.04) - Direct cost
Net proceeds = 500,000 * $25*(1-0.04) - $250,000
Net proceeds = 500,000*$24 - $250,000
Net proceeds = $12,000,000 - $250,000
Net proceeds = $11,750,000
b. EPS = Earnings / Shares
EPS = $7,000,000 / 2,000,000 shares
EPS = $3.50 per share
c. EPS = After tax earnings / Total shares
EPS = $7,000,000 / (2,000,000 + 500,000)
EPS = $7,000,000 / 2,500,000 shares
EPS = $2.80 per shares
Rode Company estimates bad debt expense at 1% of credit sales. The company reported accounts receivable of $100,000 and a pre-adjustment credit balance in its allowance for uncollectible accounts account of $2,000 at the end of the current year. During the current year, Rode’s credit sales were $2,000,000. What is the amount of the company’s bad debt expense for the current year?
Answer:
$20,000
Explanation:
Calculation for the amount of the company’s bad debt expense for the current year
Using this formula
Bad debt expense = Credit Sales Amount × Estimated percentage uncollectible
Let plug in the formula
Bad debt expense = $2,000,000 × 1%
Bad debt expense =$20,000
Therefore the amount of the company’s bad debt expense for the current year will be $20,000
Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year:
Rent $41,500
Bribes 62,250
Travel expenses 4,150
Utilities 24,900
Wages 356,750
Payroll taxes 20,750
Property insurance 2,075
Illegal kickbacks 37,350
Required:
What are Vella's total deductible expenses for tax purposes?
Answer and Explanation:
The total deductible expense is for tax purpose is shown below:
The income that is earned from gambling and winning lotteries via legal or illegal the same is to taxable
Also the nonrecorded and illegal expenses would be ignored
The following expenses should be considered as deductible
(1) Rent paid of $41,500
(2) Travel expenses $4,150
(3) Utilities of $24,900
(4) Wages $356,750
(5) Payroll Taxes $20,750
(6) Property insurance $2075
Bribes and illegal kickbacks are not taxable
examples when demand may have got out of a hand?
Answer:
Recall, that we represent economic laws and theory using models; in this case we can use a demand schedule or a demand curve to illustrate the Law of Demand. The demand schedule shows the combinations of price and quantity demanded of apples in a table format. The graphical representation of the demand schedule is called the demand curve
When graphing the demand curve, price goes on the vertical axis and quantity demanded goes on the horizontal axis. A helpful hint when labeling the axes is to remember that since P is a tall letter, it goes on the vertical axis. Another hint when graphing the demand curve is to remember that demand descends.
The demand curve reflects our marginal benefit and thus our willingness to pay for additional amounts of a good. It makes sense that our marginal benefit, or willingness to pay for a good, would decline as we consume additional units because we get less additional satisfaction from each successive unit consumed. For example, at lunch time you decide to buy pizza by-the-piece. You'd be willing to pay a lot for that first piece to satisfy your hunger. But what about the second piece? Perhaps a little less. If we keep considering each additional piece, we might ask what the 3rd, 4th or 5th piece is worth to you. By that point, you'd be willing to pay less, perhaps much less. The law of demand and our models illustrate this behavior.
Explanation:
For a country A, the GDP growth rate is 8 percent and inflation is 4 percent. If the velocity of money remains constant, what is the change in real money balances
Answer:
The change in the real money balance is 12%
Explanation:
As per gievn data
GDP growth rate = 8%
Inflation = 4%
The real money change is as follow
Equation
Delta M + Delta V = Delta P + Delta Y
Where
Delta M = Real money change = ?
Delta V = Change in velocity = 0
Delta P = Inflation rate = 4%
Delta Y = GDP growth rate = 8%
Placing values in the above equation
Delta M + 0 = 4% + 8%
Delta M = 12%
Hence the money balance will increase by 12%.
Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends will be increasing by 1.3 percent annually. If you require a return of 14.0 percent, how much are you willing to pay to purchase one share of this stock today?
Answer:
$11.33
Explanation:
According to the Gordon growth model
V₀=D₀ (1 + g) / r - g
D₀ = $1.42
r = 14%
g= 1.3%
$1.42 x (1.013) / 0.127 = $11.33
Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of units of electric stapler sales budgeted for March should be:_______
Answer:
= $173,056
Explanation:
The computation of the number of units of electric stapler sales budgeted for March is shown below:-
February = 10,000 + (4% × 10,000)
= 10,400
March = 10,400 + (4% × 10,400)
= 10816
and finally
The Budget sale for stapler for the month of March = 10,816 × 16
= $173,056
On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:_______.
a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.
b. Debit Prepaid Insurance, $660; credit Insurance Expense, $660.
c. Debit Insurance Expense, $660; credit Prepaid Insurance, $2,640.
d. Debit Prepaid Insurance, $3,300; credit Cash, $3,300.
Answer:
a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.
Explanation:
The adjusting entry is shown below:
Insurance expense Dr $660 ($3,300 ÷ 5 years)
To Prepaid insurance
(Being the insurance expense is recorded)
here we debited the insurance expense as it increased the expense and credited the prepaid insurance as it decreased the assets
Therefore the option a is correct
Suppose that the pizza shop sells a new possible topping, sardines, but insists that eachpizza either have sardines or anchovies. How many possible varieties of pizza does theshop now offer
Answer: 3
Explanation: The pizza shop which just added sardine to its toppings now has a varieties of three (3) toppings which it serves it customers. This is made possible because a customer can order for a pizza with sardine, or anchovies or also order for a combination of both toppings. So by doing so the pizza shop offers three toppings.
State the method of acknolwdgement
Explanation:
A page of acknowledgements is usually included at the beginning of a Final Year Project, immediately after the Table of Contents.
Acknowledgements enable you to thank all those who have helped in carrying out the research. Careful thought needs to be given concerning those whose help should be acknowledged and in what order. The general advice is to express your appreciation in a concise manner and to avoid strong emotive language.
Note that personal pronouns such as 'I, my, me …' are nearly always used in the acknowledgements while in the rest of the project such personal pronouns are generally avoided.
The following list includes those people who are often acknowledged.
Note however that every project is different and you need to tailor your acknowledgements to suit your particular situation.
Main supervisor
Second supervisor
Other academic staff in your department
Technical or support staff in your department
Academic staff from other departments
Other institutions, organizations or companies
Past students
Family *
Friends *
Which of the following scenarios is consistent with the Laffer curve?
a. An increase in the tax rate always increases tax revenue .
b. The tax rate is 1 percent, and tax revenue is very high.
c. The tax rate is 99 percent, and tax revenue is very high.
d. A decrease in the tax rate always increases tax revenue .
Answer:
No option is correct.
a. An increase in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates increase beyond the optimal level, instead of increasing total revenue they will decrease it. b. The tax rate is 1 percent, and tax revenue is very high. ⇒ FALSE, very low tax rates will result in very low government revenue. c. The tax rate is 99 percent, and tax revenue is very high. ⇒ FALSE, very high tax rates will result in very low government revenue. d. A decrease in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates decrease beyond the optimal level, instead of increasing total revenue they will decrease it.Explanation:
According to Arthur Laffer, a direct and sometimes inverse relationship exists between tax rates and government revenue. Sometimes a lower tax rate can result in higher government revenue. But that is not always the case. Sometimes an increase in the tax rate can increase government revenue. The optimal tax rate (T*) is equal to the tax rate that will allow the government to collect the highest amount of revenue. Any lower or higher tax rate will decrease government revenue.
The yield on a three-month T-bill is 4%, the yield on a 10-year T-bond is 5.36%. the market risk premium is 10.18%. and the Allen Company has a beta of 1.25. Using the Capital Asset Pricing Model (CAPM) approach, Allen’s cost of equity is:_______
Answer: 18.09%
Explanation:
Capital Asset Pricing Model = Risk free rate + beta * Market premium
= 5.36% + 1.25 * 10.18%
= 0.18085
= 18.09%
Note: Use the yield on a 10-year T-bond as long term risk free rates take into account more volatility.
A company offers ID theft protection using leads obtained from client banks. Three employees each work 40 hours a week on the leads. These employees are each paid $25 per hour. Each employee identifies an average of 3,000 potential leads a week. There are no duplications in these three lists. Material costs are $1,000 per week, and overhead costs are $9,000 per week. An average of 4 percent of the potential leads actually sign up for the service, paying a one-time fee of $70. Consider the output as the fees generated. a) What are the labor hours productivity and the multifactor productivity for this operation
Answer:
Output = 4%*3000 * $70 * 3
Output = $25,200
Labor hours productivity = Output / Labor hour
Where Labor hour = 3 * 40 hours = 120 hours
Labor hours productivity = $25,200 / 120 hours
Labor hours productivity = $210 per labor hour
Multi factor productivity for this operation = Output / Multi factor input
Where Multi factor input = 120*$25 + $1,000 + $9,000 = $13,000
Multi factor productivity for this operation = $25,200 / $13,000
Multi factor productivity for this operation = 1.938462
Multi factor productivity for this operation = 1.94
Which of the following statements is the most accurate? Sole proprietorships are well suited for people who want to own a business and share in its profits without taking an active role in management. Sole proprietorships are the least risky form of business ownership. Sole proprietorships must receive a state charter before they can legally conduct business. Sole proprietorships are taxed at the owner's personal tax rate.
Answer:
D. Sole proprietorships are taxed at the owner's personal tax rate
Explanation:
Sole Proprietorship can be defined as a simplest form of owning and starting any business. As the term suggests, this business is onwed by an individual only or shared by married couples.
Sole properietorship is easy to set up because the owner need not to register itself to state government, therefore, because of absence of governmental involvement, it is easy to set up or deconstruct sole proprietorship.
From the given options, the statement which is most accurate about a sole proprietorship is option D. The owner of sole proprietorship pays personal taxes on the profits earned by his/her business.
Therefore, option D is correct.
Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the valuation model is adjusted accordingly. Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 3%. The yield to maturity of the bond is 7.70%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note: $1,051,447.12 $876,205.93 $744,775.04 $552,009.74
Answer:
$876,205.93
Explanation:
Calculation for the value of the Treasury note
FV= 1,000,000
N=3*2
N=6
PMT=3%*1,000,000/2
PMT=30,000/2
PMT= 15,000
I/Y=7.7/2
I/Y= 3.85
Using financial calculator to find the present value of the treasury note
Present Value = $876,205.93
Therefore the present value of the treasury note will be $876,205.93
____________ systems are utilized by large companies for the efficient procurement of products by facilitating the exchange documents with established and authorized vendors.A) EFTB) E-commerceC) EDID) E-procurement
Answer:
B) E-commerce
Explanation:
E-commerce is a method by which buying and selling of products occurs electronically over the internet.
This is the most convenient way for large companies for the efficient procurement of products by facilitating the exchange documents with established and authorized vendors.
Technologies such as internet marketing, online transaction processing, electronic funds transfer, and supply chain management are used to ease large transactions by companies.
g 3d. Suppose that both countries start off with a capital stock per worker of 1. What are the levels of income per worker and consumption per worker?
Answer:
Explanation:
Where is the main question?
The following transactions occurred at the Daisy King Ice Cream Company.
1. Started business by issuing 10,000 shares of capital stock for $23,000.
2. Signed a franchise agreement to pay royalties of 5% of sales.
3. Leased a building for three years at $530 per month and paid six months' rent in advance.
4. Purchased equipment for $5,700, paying $2,000 down and signing a two-year, 10% note for the balance.
5. Purchased $2,100 of supplies on account.
6. Recorded cash sales of $1,100 for the first week.
7. Paid weekly salaries and wages, $470.
8. Paid for supplies purchased in item (5).
9. Paid royalties due on first week's sales.
10. Recorded depreciation on equipment, $70.
Required:
Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal Entries Needed as followed:
1. Started business by issuing 10,000 shares if capitol stock for $23,000
2. Signed a franchise agreement to pay royalties of 5% of sales
3. Leased a building for 3yrs st $530 per month and paid 6 months rent in advance
4. Purchased equipment for $5700, paying $2000 down and signing a 2yr 10% note for the balance.
5. Purchased $2100 of supplies on account
6. Recorded cash sales of $1100 for the 1st week
7. Paid weekly salareies and wages $4700
8. Paid for suplies purchased in item (5)
9. Paid royalites due on 1st weeks sales
10. Recorded depreciation on equipment $70
Answer:
Daisy King Ice Cream Company
General Journal
1. Debit Cash Account $23,000
Credit Capital Stock $23,000
To record the issue of 10,000 shares for cash.
2. No journal entry required.
3. Debit Prepaid Rent $3,180
Credit Cash Account $3,180
To record the payment in advance of six months' rent.
4. Debit Equipment $5,700
Credit Cash $2,000
Credit Notes Payable $3,700
To record the purchase of equipment for cash and 10% two-year notes.
5. Debit Supplies $2,100
Credit Accounts Payable $2,1000
To record the purchase of supplies on account.
6. Debit Cash Account $1,100
Credit Sales Revenue $1,100
To record the sale of goods for cash.
Debit Royalties Expense $55
Credit Royalties Payable $55
To record 5% royalties payable on sales.
7. Debit Salaries and Wages Expense $470
Credit Cash Account $470
To record the payment of weekly salaries and wages.
8. Debit Accounts Payable $2,100
Credit Cash Account $2,100
To record the payment for supplies purchase on account.
9. Debit Royalties Payable $55
Credit Cash Account $55
To record the payment of royalties due.
10. Debit Depreciation Expense $70
Credit Accumulated Depreciation $70
To record the depreciation expense for the period.
Explanation:
For Daisy King Ice Cream Company, the recording of business transactions in the journal is the first step of maintaining the double-entry system of book-keeping. In it, the accounts to be debited and credited are identified and recorded for onward posting to the general ledger.
The stock of Ernst Electric has a beta of .87. The market risk premium is 8.6 percent and the risk-free rate is 3.7 percent. What is the expected return on Ernst Electric stock
Answer:
12.3%
Explanation:
The stock Ernst electric has beta of 0.87 percent
The market risk premium is 8.6 percent
The risk free rate is 3.7 percent
Therefore the expected return can be calculated as follows
= risk free rate + risk premium
= 3.7 % + 8.6%
= 12.3 %
Hence the expected rate of return on Ernst electric stock is 12.3%
you are planning to organize a get together for alumni. as an organizer send an invitation letter to all alumni
Answer:
hehe
Explanation:
hehe
To what three different audiences might you have to give a presentation? How would the presentation differ for each? Which one would be the most challeng- ing for you?
Answer:
Please see explanation below.
Explanation:
°To what three different audiences might you have to give a presentation.
Answer:
• Senior manager
• Project manager
• Team leader.
° How would the presentation differ for each.
• Senior manager. The senior manager will be presented with existing IT structures in a brief manner. In addition to being given the short description of the previous IT system, a short explanation of the newly built and improvement on these existing systems will as well be presented to the senior manager.
• Project manager. A project manager would be presented with detailed description of the project. This is because the project manager must have first knowledge of the whole project and will be held accountable for the success or failure of the project. He would also be giving reports to the senior managers.
• Team leader. The details of the current process as the project progresses will be shared with the team leader.
° Which one will be the most challenging for you.
The most challenging for me will be the project manager because he would have to be presented with a well detailed and thorough description of the whole project. More so, further details of the cost expended on the system will be shared with the project manager.
