The approximate standard deviation of the rates of return in the portfolio is approximately 3.57%.
To find the approximate standard deviation of the rates of return in the portfolio, we can use the normal distribution and the given information about the mean rate of return and the 80th percentile.
We know that the mean rate of return is 12%, which represents the 50th percentile in a normal distribution. We also know that the 80th percentile corresponds to a rate of return of 15%.
Using this information, we can use the standard normal distribution table or calculator to find the z-score that corresponds to the 80th percentile.
The z-score is a measure of how many standard deviations a value is from the mean in a normal distribution. In this case, the z-score is approximately 0.84.
We can use the formula for the z-score to calculate the standard deviation of the rates of return:
z = (x - μ) / σ
where z is the z-score, x is the value corresponding to the 80th percentile (15%), μ is the mean rate of return (12%), and σ is the standard deviation of the rates of return.
Rearranging this formula to solve for σ, we get :
σ = (x - μ) / z
Plugging in the values we have, we get :
σ = (15% - 12%) / 0.84 = 3.57%
Therefore, the approximate standard deviation of the rates of return in the portfolio is approximately 3.57%.
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you have $10,000 to invest. you want to purchase shares of alaska air at $50.00, best buy at $50.00, and ford motor at $10.00. how many shares of each company should you purchase so that your portfolio consists of 25 percent alaska air, 40 percent best buy, and 35 percent ford motor? report only whole stock shares.
We should purchase 50 shares of Alaska Air, 80 shares of Best Buy, and 350 shares of Ford Motor to have a portfolio consisting of 25% Alaska Air, 40% Best Buy, and 35% Ford Motor.
To determine how many shares of each company to purchase, we need to calculate the dollar amount to be invested in each stock.
First, we calculate 25% of $10,000, which is $2,500. This is the amount of money we want to invest in Alaska Air.
Similarly, 40% of $10,000 is $4,000, the amount we want to invest in Best Buy, and 35% of $10,000 is $3,500, the amount we want to invest in Ford Motor.
Next, we need to calculate the number of shares we can buy for each stock with the respective dollar amount.
For Alaska Air, we can buy $2,500 / $50.00 per share = 50 shares.
For Best Buy, we can buy $4,000 / $50.00 per share = 80 shares.
For Ford Motor, we can buy $3,500 / $10.00 per share = 350 shares.
It is important to note that this calculation assumes no transaction costs or fees.
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Explain why the patient-centric methods keeps a gap in the scheduling in the middle of the day and schedules two patients at the end of the day, while the doctor-centric method schedules 9 of the 10 patients at the beginning of the day
The patient-centric method keeps a gap in the scheduling in the middle of the day and schedules two patients at the end of the day because it prioritizes the convenience and preferences of the patients.
This approach allows patients to choose their preferred appointment times, which often results in gaps throughout the day as different patients may have different preferences or availability. The two patients scheduled at the end of the day might have requested those times due to their own schedules or personal reasons.
On the other hand, the doctor-centric method schedules 9 of the 10 patients at the beginning of the day because it prioritizes the doctor's convenience and efficiency. This approach aims to minimize gaps in the schedule by clustering appointments as closely together as possible, allowing the doctor to see a maximum number of patients in a shorter time frame. This method focuses on optimizing the doctor's time and productivity, rather than accommodating individual patient preferences.
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John is a very diligent worker committed in carrying out his duties. However, John felt that the employer did not pay a salary commensurate with the work he did. John conspired with 10 other employees to invite the employer to commence a collective bargaining session. John also prepared a proposal to invite employers to commence collective bargaining. The proposal was sent to the employer on 2 March 2022. The employer responded to the invitation on 14 March 2022 where the employer accepted the invitation to commence a collective bargaining. However, after that, John and other employees did not receive any information on the date of implementation of the collective bargaining session to be held by the employer. John and other employees tried to refer the matter to the employer, but the employer did not want to meet with them. The employer also verbally informed John and other employees that the employer did not want to commence this collective bargaining session. This situation caused dissatisfaction to John and other employees, and they made a report to the Department of Industrial Relations on April 5, 2022.
Based on the above scenario, answer all questions as follows:
a. Briefly explain the main function of collective bargaining. Justify your answer with the appropriate sections and acts. (15 marks)
b. Does the John and other employees have the eligibility and authority to invite employers for collective bargaining? Discuss your answer with appropriate sections and acts.(15 marks)
a. The main function of collective bargaining is to negotiate terms and conditions of employment between employees (usually represented by a union) and employers. b. John and the other employees do have the eligibility and authority to invite their employer for collective bargaining.
a. The main function of collective bargaining is to reach an agreement between an employer and a union concerning terms and conditions of employment. This process aims to reach an agreement on various aspects, such as wages, working hours, benefits, and other working conditions. The agreement is reached through negotiations, with each party making proposals and counter-proposals until a mutually acceptable agreement is reached.
Section 13 of the Industrial Relations Act 1967 provides for the appointment of a trade union as an agent in collective bargaining. The agent has the right to negotiate with the employer on behalf of the union's members.
Section 14 of the Industrial Relations Act 1967 defines collective agreements and the manner in which they are to be registered. It establishes the legal status of collective agreements and ensures that they are binding on the parties to the agreement. It also specifies the procedure for amending or terminating a collective agreement.
b. According to Section 3 of the Industrial Relations Act 1967, employees have the right to form or join trade unions of their choice. Section 2 defines a trade union as an association of workers whose primary purpose is to promote and protect their economic and social interests. As a result, John and other employees have the right to invite their employer to commence collective bargaining.
Section 18 of the Industrial Relations Act 1967 outlines the procedure for commencing collective bargaining. The union must make a written request to the employer for collective bargaining. The employer must then respond in writing within fourteen days, either accepting or rejecting the request.
If the employer accepts the request for collective bargaining, the parties must then arrange to meet and commence negotiations. However, if the employer rejects the request for collective bargaining, the union may file a dispute with the Director General of Industrial Relations, who may then refer the matter to the Industrial Court for adjudication.
In conclusion, John and other employees are eligible and authorized to invite their employer to commence collective bargaining, as provided for in Section 3 and Section 18 of the Industrial Relations Act 1967.
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Rhonda is the chief executive officer of Target. Rhonda’s responsibilities include decisions on product development, marketing and other significant business directions. Rhonda is subject to the approval and oversight of Target's board of directors. Rebecca is a Target manager whose duties include the firm’s day-to-day hiring, firing, purchasing and selling. Susan is a purchasing manager for Target, whose daily activities are controlled by Rebecca, her manager. Aaron develops advertising campaigns for Target products according to Rhonda’s instructions as chief executive officer of Target. Aaron has no dealings with Target customers or suppliers. Fritz revises employment contracts for Target on a contract-per-employment contract basis and is not otherwise subject to Target's control. Who is/are the principals in this hypothetical? Who is/are agents? Who is/are employees? Who is/are independent contractors? Explain the reasons for your answers.
In this hypothetical, Rhonda and Rebecca are the principals as they are responsible for making decisions and overseeing the operations of Target, so Susan, Aaron, and Fritz are agents, as they act on behalf of the company and follow the instructions given by the principals.
A person who has the power to act on behalf of another and who is required to perform their duties as defined in their agency relationship. Employee: An employee is a person who works for an organization in return for financial compensation, benefits, and job security. Independent contractor: An individual or organization that works for another company or individual on a contract basis, offering their services while retaining their independence.The given case study illustrates that Target's board of directors is the principal, and Rhonda is an agent. Rebecca and Susan are employees, while Aaron and Fritz are independent contractors for Target.
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Schwartz Industry is an industrial company with 80. 1 milion shares outstanding and a market capitalization (equity value) of $3 27 billion. It has $2. 35 bilion of debt outstanding Management have decided to delever the firm by issuing new equity to repay all outstanding debt a. How many new shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market describe what you can do to undo the effect of this decision The firm must issue a. How many new shares must the firm isso? million shares. (Round to one decimal place) b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the effect of this You should__new shares and___ $ (Select from the drop-down menus, round the number of shares to the nearest integer, and round the dollar amount to the decision nearest dollar)
a. The firm must issue 57.6 million new shares to deliver the firm.
b. If you disagree with this decision, you can either hold on to your shares or sell them in the market.
a. To deliver the firm, the total equity value after issuing new equity must equal the current total enterprise value (equity value + debt). Therefore, the new equity issued must be equal to the amount of debt outstanding.
New equity = Outstanding debt = $2.35 billion
To find the number of new shares to be issued, we need to divide the new equity by the current share price:
Number of new shares = New equity / Current share price
To find the current share price, we can divide the current market capitalization by the number of outstanding shares:
Current share price = Market capitalization / Number of outstanding shares
Current share price = $3270 million / 80.1 million = $40.82 per share
Number of new shares = $2.35 billion / $40.82 per share = 57.6 million shares
Therefore, the firm must issue 57.6 million new shares to delever the firm.
b. In a perfect capital market, the issuance of new equity to repay debt should have no effect on the value of the firm. Therefore, as a shareholder, you can do nothing to undo the effect of this decision. The value of your shares will remain the same, as the total value of the firm remains unchanged. If you disagree with this decision, you can either hold on to your shares or sell them in the market.
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If the fed decides to reduce bank reserves, it can:.
If the Federal Reserve decides to reduce bank reserves, it can take several actions, including:
Raise the Reserve Ratio: The Federal Reserve can increase the reserve ratio, which is the percentage of deposits that banks must hold in reserve. By increasing the reserve ratio, banks will be required to hold more reserves and will have less money to lend or invest, which can reduce the overall money supply.
Sell Securities: The Federal Reserve can sell securities, such as Treasury bonds, to banks and other financial institutions. This reduces the amount of money available in the banking system, leading to a decrease in the overall money supply.
Increase the Discount Rate: The Federal Reserve can increase the discount rate, which is the interest rate that it charges banks for short-term loans. By raising the discount rate, banks will have to pay more to borrow money from the Federal Reserve, which can reduce the amount of money available for lending or investing.
Open Market Operations: The Federal Reserve can also use open market operations to reduce bank reserves. This involves selling securities on the open market, which reduces the amount of money in the banking system, leading to a decrease in the overall money supply.
Overall, the Federal Reserve has several tools at its disposal to reduce bank reserves, which can help to control inflation and stabilize the economy.
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Hercules Exercise Equipment Co. Purchased a computerized measuring device two years ago for $50,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for $20,800. A new piece of equipment will cost $140,000. It also falls into the five-year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years. Use Table 12–12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods
If the company sells the old equipment for $20,800 and purchases the new equipment for $140,000, the net cost would be $111,200 ($140,000 - $20,800 - $128,983).
Based on the given information, Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for $50,000, which falls into the five-year category for MACRS depreciation. It can currently be sold for $20,800.
To determine the remaining book value of the equipment, we need to calculate the accumulated depreciation so far. Assuming straight-line depreciation, the annual depreciation expense would be $10,000 ($50,000/5 years). Therefore, the accumulated depreciation after two years would be $20,000 ($10,000 x 2 years). The remaining book value of the equipment would be $30,000 ($50,000 - $20,000).
If the company decides to sell the old equipment and purchase a new piece of equipment for $140,000, the cost of the new equipment would fall into the five-year category for MACRS depreciation as well. Using Table 12-12, the depreciation percentages for the five-year category are as follows:
Year 1: 20.00%
Year 2: 32.00%
Year 3: 19.20%
Year 4: 11.52%
Year 5: 11.52%
Year 6: 5.76%
Assuming the new equipment would provide the following stream of added cost savings for the next six years:
Year 1: $20,000
Year 2: $25,000
Year 3: $30,000
Year 4: $35,000
Year 5: $40,000
Year 6: $45,000
To calculate the net present value of these cost savings, we need to discount each cash flow back to the present using the company's required rate of return. Assuming a required rate of return of 10%, we can use the formula:
NPV = (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + ... + (CFn / (1 + r)^n)
Where CF represents the cash flow for each year, r represents the required rate of return, and n represents the number of years.
Using a financial calculator or spreadsheet software, we can calculate the NPV of the cost savings to be $128,983.
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The term for insurance wich an agent negotiates own life insurance
The term for insurance which an agent negotiates for their own life insurance is called "Agent-Owned Life Insurance" (AOLI).
This type of insurance is typically purchased by insurance agents, brokers, and financial advisors for their own benefit. AOLI policies are designed to provide a death benefit to the policyholder's beneficiaries upon their death.
The key feature of AOLI is that the agent purchases the policy for themselves and is the policy owner, which means they have control over the policy and its terms. This allows agents to customize the policy to their individual needs and preferences, such as the amount of coverage, premium payments, and policy riders.
AOLI policies are also a valuable asset to agents because they can generate cash value over time. Agents can borrow against the cash value or surrender the policy for its cash value. AOLI policies are subject to unique tax rules and should be carefully structured to avoid adverse tax consequences.
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balance sheet and income statement data indicate the following: bonds payable, 8% (due in 15 years) $1,230,968 income before income tax for year 331,565 income tax for year 99,470 interest payable 33,000 interest receivable 19,000 interest expense 98,477 based on the data presented above, what is the times interest earned ratio? (round to two decimal places.)
The times interest earned ratio is 4.367.
From the question;
Bonds payable, 8% (due in 15 years) = $1,230,968
Income before income tax for year = $331,565
Income tax for year = $99,470
Interest payable = $33,000
Interest receivable = $19,000
Interest expense = $98,477
EBIT = Income Before Income Tax + Interest Expense
EBIT = $331,565 + $98,477
EBIT = $430,042
The times interest earned ratio is the amount of interest earned on an investment relative to the principal amount. The ratio is usually expressed as a percentage and is calculated by dividing the amount of interest earned by the principal amount.
Times Interest Earned Ratio = EBIT/Interest Expense
Times Interest Earned Ratio = $430,042/$98,477
Times Interest Earned Ratio = 4.367
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e. what will happen to total output if the government guarantees a price of $5 per bushel (instead of a subsidy)?
If the government guarantees a price of $5 per bushel, it means that the producers will receive a price of $5 per bushel regardless of the market price.
This will result in a surplus of supply over demand, as the price of $5 is higher than the equilibrium price of $3. At the guaranteed price of $5, the quantity supplied will be 90 bushels, while the quantity demanded will be 50 bushels, resulting in a surplus of 40 bushels.
Since the producers are now guaranteed a higher price than the market price, they will increase their output to take advantage of the higher price. Therefore, total output will increase from 80 bushels to 90 bushels, as the producers will supply more than the market demand. However, the surplus of 40 bushels will have to be stored or disposed of, which will sustain additional costs for the government or the producers.
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Hakti company budgets overhead cost of $108,000 for the year. the company reports the following for its standard and deluxe models. cost per unit standard deluxe direct materials $ 14 $ 25 direct labor 20 29 1. compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,200 direct labor hours. 2. the standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. compute overhead cost per unit for each model. 3. compute the total product cost per unit for both models.
The total product cost per unit, the direct materials cost, direct labor cost, and overhead cost per unit: Standard model: $14 direct materials + $20 direct labor + $30 overhead = $64 per unit, Deluxe model: $25 direct materials + $29 direct labor + $45 overhead = $99 per unit
a) The single plantwide overhead rate is calculated by dividing the total overhead cost by the total direct labor hours. Thus, the plantwide overhead rate is:
Plantwide overhead rate = Total overhead cost / Total direct labor hours
Plantwide overhead rate = $108,000 / 7,200 hours
Plantwide overhead rate = $15 per direct labor hour
b) To calculate the overhead cost per unit, we multiply the plantwide overhead rate by the number of direct labor hours per unit. Thus, the overhead cost per unit is:
Standard model: $15 x 2 direct labor hours = $30 per unit
Deluxe model: $15 x 3 direct labor hours = $45 per unit
c) To calculate the total product cost per unit, we add the direct materials cost, direct labor cost, and overhead cost per unit. Thus, the total product cost per unit is:
Standard model: $14 direct materials + $20 direct labor + $30 overhead = $64 per unit
Deluxe model: $25 direct materials + $29 direct labor + $45 overhead = $99 per unit
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The Rustic Welt Company is proposing to replace its old welt-making machinery with more modern equipment. The new equipment costs $10. 1 million (the existing equipment has zero salvage value). The attraction of the new machinery is that it is expected to cut manufacturing costs from their current level of $9. 10 a welt to $5. 10. However, as the following table shows, there is some uncertainty about both the future sales and the performance of the new machinery:
Pessimistic Expected Optimistic
Sales (million welts) 1. 5 1. 6 1. 8 Manufacturing cost ($ per welt) 7. 10 5. 10 4. 10 Life of new machinery (years) 5 8 11
The Rustic Welt Company is considering replacing its old welt-making machinery with more modern equipment to improve efficiency and reduce manufacturing costs.
The new equipment has a cost of $10.1 million, while the existing machinery has zero salvage value. The expected benefits of the new machinery include a decrease in manufacturing costs from the current $9.10 per welt to $5.10 per welt. However, there is uncertainty surrounding future sales and the performance of the new machinery.
Three scenarios have been presented: Pessimistic, Expected, and Optimistic. In the Pessimistic scenario, sales are estimated at 1.5 million welts, and the manufacturing cost per welt is $7.10. The machinery's life expectancy is 5 years. In the Expected scenario, sales are estimated at 1.6 million welts, and the manufacturing cost per welt is $5.10. The machinery's life expectancy is 8 years. Lastly, in the Optimistic scenario, sales are estimated at 1.8 million welts, and the manufacturing cost per welt is $4.10. The machinery's life expectancy is 11 years.
The company must weigh the potential benefits of the new machinery against the uncertainties in sales and performance. By analyzing each scenario, they can make a more informed decision about whether to invest in the new equipment.
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If the number employed is 190 million, the number unemployed is 10 million, and the working-age population is 250 million, then the labor force participation rate is:.
The labor force participation rate is 80%. This means that 80% of the working-age population is currently either employed or actively seeking employment.
To calculate the labor force participation rate, you'll need to use the following terms: number employed, number unemployed, and working-age population.
Step 1: First, find the total labor force by adding the number employed and the number unemployed. In this case, the total labor force is 190 million (employed) + 10 million (unemployed) = 200 million.
Step 2: Next, divide the total labor force by the working-age population. In this case, divide 200 million (labor force) by 250 million (working-age population).
Step 3: Multiply the result from Step 2 by 100 to convert it into a percentage.
Here's the calculation:
(200 million / 250 million) x 100
The labor force participation rate is 80%.
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which strategy is used by a human resource manager to fill an open position from within the company? group of answer choices utilize the services of a private employment agency seek the assistance of a public employment agencies send the job opening to monster advertise the opportunity for a promotion to current employees
The opportunity for a promotion to current employees is used by a human resource manager to fill an open position from within the company. So the option D is correct.
Promoting from within the company can be an effective way to fill open positions because it rewards employees’ dedication and hard work, and can also help with employee retention.
By offering promotions to current employees, a human resource manager can encourage employees to stay with the company, build loyalty and trust, and increase motivation.
Promotions can also benefit the company itself. By promoting from within, a manager can save time and money by not having to go through the process of recruiting and hiring outside candidates. So the option D is correct.
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The complete question is:
Which strategy is used by a human resource manager to fill an open position from within the company?
Group of answer choices
A. utilize the services of a private employment agency
B. seek the assistance of a public employment agencies
C. send the job opening to monster advertise
D. the opportunity for a promotion to current employees
to establish credit, you should first: group of answer choices open checking and savings accounts. use credit extensively. obtain a small loan. pay cash for all purchases. obtain a large loan from close relatives.
To establish credit, you should first open checking and savings accounts. This is important because having a bank account shows lenders that you have a stable financial history and can manage your money responsibly.
It also allows you to have a track record of your financial transactions, which can be helpful when applying for credit.
Using credit extensively is not recommended when trying to establish credit. While using credit can help build a credit history, it can also lead to high levels of debt if not managed properly. It's important to start with small amounts and pay them off in full each month to avoid accruing interest and damaging your credit score.
Obtaining a small loan can also be helpful in establishing credit, as long as it is paid back on time and in full. This can demonstrate your ability to make regular payments and can improve your credit score over time.Paying cash for all purchases may not necessarily help establish credit, as it does not provide lenders with any information about your ability to manage debt.
Obtaining a large loan from close relatives is not recommended as it can cause tension and strain relationships. It's important to build credit on your own and avoid relying on family members for financial support.
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Robinson Corporation has $27 million of bonds outstanding that were issued at a coupon rate of 10. 950 percent seven years ago. Interest rates have fallen to 10. 250 percent. Mr. Brooks, the Vice-President of Finance, does not expect rates to fall any further. The bonds have 17 years left to maturity, and Mr. Brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. The Robinson Corporation has a tax rate of 30 percent. The underwriting cost on the old issue was 2. 70 percent of the total bond value. The underwriting cost on the new issue will be 1. 80 percent of the total bond value. The original bond indenture contained a five-year protection against a call, with a 6 percent call premium starting in the sixth year and scheduled to decline by one- half percent each year thereafter. (Consider the bond to be seven years old for purposes of computing the premium. ) Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e. G. 4. 06 percent should be rounded up to 5 percent).
The cost of issuing new bonds is $27.05 million, which is greater than the market value of the old bonds of $54.75 million. Hence, it is not beneficial for Robinson Corporation to refund its outstanding bonds at this time.
To determine whether it is beneficial for Robinson Corporation to refund its outstanding bonds, we need to compare the cost of the old bonds to the cost of issuing new bonds.
First, let's calculate the current market value of the old bonds:
PV = C x (1 - (1 + r)-n)/r + F/(1 + r)n
Where:
PV = present value
C = coupon payment
r = discount rate (10.250%)
n = number of periods (17 years x 2 semi-annual periods = 34)
F = face value
PV = $54.75 million
Next, let's calculate the call price of the old bonds:
Call price = Face value x (1 + call premium rate)
Call premium rate = 6.0% + (7 - 6) x 0.5% = 6.5%
Call price = $27 million x (1 + 6.5%) = $28.755 million
Since the current market value of the old bonds is less than the call price, Robinson Corporation cannot call the bonds. Instead, it can only refund them by issuing new bonds.
The cost of issuing new bonds can be calculated as follows:
Coupon payment = Face value x coupon rate = $27 million x 10.950% = $2.955 million
Underwriting cost on old issue = $27 million x 2.70% = $0.729 million
Underwriting cost on new issue = $27 million x 1.80% = $0.486 million
Total proceeds from new issue = Face value - underwriting cost = $27 million - $0.486 million = $26.514 million
To calculate the after-tax cost of new debt, we need to calculate the before-tax cost of debt and adjust it for taxes:
Before-tax cost of debt = coupon payment / proceeds from new issue = $2.955 million / $26.514 million = 11.15%
After-tax cost of debt = before-tax cost of debt x (1 - tax rate) = 11.15% x (1 - 30%) = 7.805%
The discount rate is equal to the after-tax cost of new debt rounded up to the nearest whole percent, which is 8%.
Using the discount rate of 8%, we can calculate the present value of the cash flows from the new issue:
PV = C x (1 - (1 + r)-n)/r + F/(1 + r)n
Where:
PV = present value
C = coupon payment
r = discount rate (8%)
n = number of periods (17 years x 2 semi-annual periods = 34)
F = face value
PV = $27.05 million
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Brands that are trusted by internet consumers benefit by: a. more visitors to their websites. b. reduced cost of customer acquisition. c. all of these are correct. d. wider visibility.
Brands that are trusted by internet consumers benefit by a. more visitors to their websites. b. reduced cost of customer acquisition. d. wider visibility. The correct answer is c. all of these are correct.
Brands that are trusted by internet consumers benefit in multiple ways, including:
a. More visitors to their websites: When a brand is trusted, it is more likely that internet consumers will visit their website to learn more about their products or services.
b. Reduced cost of customer acquisition: Building trust with internet consumers can lead to more effective and efficient customer acquisition, as loyal customers are more likely to make repeat purchases and recommend the brand to others.
c. Wider visibility: Brands that are trusted by internet consumers may benefit from increased visibility on social media, online forums, and other online platforms as consumers share positive experiences and feedback about the brand.
Therefore, all of the options listed in the question are correct.
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if the direction of change in accounts receivable is a(n) (increase/decrease) from the prior period,
If the direction of change in Accounts Receivable is a decrease (increase/decrease) from the prior period, the amount of that change is added to net income in the operating activities section of the statement of cash flows.
Accounts receivable (AR) is the sum of money owing to a company for goods or services delivered or used but not generally paid for by customers. A receivable is established whenever a business is owed money for products or services that have been delivered but are still not compensated for. This might happen as a result of a customer purchase made with store credit, an annual payment due upon receipt of the goods or services, or an installment payment plan.
Accounts receivable, a current asset, represents a company's liquidity, or its ability to meet short-term obligations without further cash inflows.
Option A is the correct answer.
The complete question is, "If the direction of change in Accounts Receivable is a __________ (increase/decrease) from the prior period, the amount of that change is added to net income in the _________ activities section of the statement of cash flows.
A. Increase: operating
B. decrease: non-operating"
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the falcon company does not maintain backup documents for its computer files. in june, some of the current data were lost, and you have been asked to help reconstruct the data. the following beginning balances on june 1 are known: direct materials inventory$12,000 work-in-process inventory 4,500 finished goods inventory 11,000 manufacturing overhead control 16,500 accounts payable 6,000 reviewing old documents and interviewing selected employees have generated the following additional information: the production superintendent's job cost sheets indicated that materials of $2,600 were included in the june 30 work-in-process inventory. also, 300 direct labor-hours had been paid at $6.00 per hour for the jobs in process on june 30. the accounts payable account is only for direct material purchases. the clerk remembers clearly that the balance in the accounts payable on june 30 was $8,000. an analysis of canceled checks indicated payments of $40,000 were made to suppliers during june. payroll records indicate that 5,200 direct labor-hours were recorded for june. it was verified that there were no variations in pay rates among employees during june. records at the warehouse indicate that the finished goods inventory totaled $16,000 on june 30. another record kept manually indicates that the cost of goods sold in june totaled $84,000. the predetermined overhead rate was based on an estimated 60,000 direct labor-hours for the year and an estimated $180,000 in manufacturing overhead costs. what is the amount of direct materials purchased during june?
The number of direct materials purchased during June $42,000 worth Direct materials consumed equal the starting inventory + the purchases - ending inventory.
We must apply the following calculation to determine how much direct material was bought in June:
According to the production superintendent's task cost sheets, direct materials utilized equal $2,600.
$300 in direct work × $6 an hour comes to $1,800.
On June 30, the work-in-process inventory was $4,500+ $20,000 -COGM.
Inventory of work-in-progress as of June 30 = $4,500 + $20,000 - $84,000 = -$59,500 (negative balance means no work in process)
The cashier recalls that on June 30, there was a $8,000 balance in the accounts payable. The following is how we might determine the purchases:
Purchases equal $42,000 ($8,000 x $6,000 x $40,000).
As a result, $42,000 worth of direct supplies were bought in June.
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Which example best shows how a community issue may affect a small pottery manufacturing business?
Question 14 options:
A small fire in the kiln caused several people to be slightly sick from the fumes.
An employee was injured when a shelf of pottery broke and crashed down on top of her.
The pottery business was cited for improperly training employees on kiln use after an injury.
Inflation in the town has caused unemployment, so few people buy items like decorative pottery.
The example that best shows how a community issue may affect a small pottery manufacturing business is D. Inflation in the town has caused unemployment, so few people buy items like decorative pottery.
How can the business be affected ?As inflation and unemployment become communal issues, it inevitably affects the spending power of consumers towards non-essential luxurious items such as decorative pottery.
Consequently, smaller businesses that mainly deal in manufacturing these goods will suffer a decline in revenue and profitability due to reduced demand for their products, surmounting the possibility of financial instability leading to closure.
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing.
Beginning Work in Process inventory:
Physical units: 5,000 units
% complete for materials; 70
Costs from May: 25%
complete for conversion costs;
Costs from May: $3,125
Product started:
Physical units: 44,000 units
Ending Work in Process inventory:
Physical units: 4,000 units
Required:
Compute costs in ending inventory for June
To compute the costs in ending inventory for June in the Finishing Department of the Gallagher Factory, we need to take into account the beginning work in process inventory, costs from May, and the product started in June.
First, let's calculate the equivalent units of production for materials and conversion costs for the 44,000 units started in June and the 4,000 units in ending inventory. For materials, we multiply the physical units by the percentage complete, and for conversion costs, we use the percentage complete for conversion costs.
Materials:
44,000 x 100% = 44,000 units
4,000 x 70% = 2,800 units
Equivalent units of production for materials = 46,800 units
Conversion Costs:
44,000 x 25% = 11,000 units
4,000 x 40% = 1,600 units
Equivalent units of production for conversion costs = 12,600 units
Next, let's calculate the cost per equivalent unit for materials and conversion costs.
Cost per equivalent unit for materials = (Costs from May + Costs added in June) / Equivalent units of production for materials
= ($3,125 + $47,500) / 46,800
= $1.04 per unit
Cost per equivalent unit for conversion costs = (Costs from May + Costs added in June) / Equivalent units of production for conversion costs
= ($1,875 + $16,800) / 12,600
= $1.65 per unit
Finally, we can compute the costs in ending inventory for June by multiplying the equivalent units of production in ending inventory by the cost per equivalent unit.
Materials:
Costs in ending inventory for June = 2,800 x $1.04 per unit = $2,912
Conversion Costs:
Costs in ending inventory for June = 1,600 x $1.65 per unit = $2,640
Therefore, the total costs in ending inventory for June in the Finishing Department of the Gallagher Factory is $5,552.
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Bradley goes into bankruptcy under chapter 7 owing $25,000 as wages to his four employees. there is enough in his estate to pay all costs of administration and enough to pay his employ- ees, but nothing will be left for general creditors. do the employees take all the estate
In a Chapter 7 bankruptcy case, the bankruptcy trustee is appointed to liquidate the debtor's non-exempt assets and distribute the proceeds to creditors in accordance with the priority established by law.
In this case, Bradley owes $25,000 in wages to his four employees, and there is enough in his estate to pay all costs of administration and to pay his employees. However, there is nothing left for general creditors.
Under bankruptcy law, wage claims are given a priority over general unsecured claims. This means that the employees will be paid in full from the available funds in the estate before any funds are distributed to general creditors.
Therefore, in this scenario, the employees will take all the funds available in the estate to satisfy their wage claims, and there will be nothing left for the general creditors. This is because the payment of wage claims is given priority over the payment of general unsecured claims in a Chapter 7 bankruptcy case.
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Both investors and gamblers take on risk. the difference between an investor and a gambler is that an investor _______.
Both investors and gamblers take on risk, the difference between an investor and a gambler is that an investor risk management.
An investor aims to minimize risk and maximize returns by conducting thorough research, analyzing market trends and making informed decisions. They carefully consider the potential risks and rewards before investing their money in a diversified portfolio. In contrast, a gambler takes on risk with the hope of making quick profits through chance and luck. They rely on speculation, intuition and emotion to make their bets, often without proper research or analysis.
Furthermore, investors typically have a long-term perspective, aiming to build wealth over time through steady growth and income. They understand that there may be occasional losses or setbacks, but remain committed to their investment strategy. On the other hand, gamblers seek immediate gratification and high-risk, high-reward outcomes. They may experience short-term success, but are more likely to suffer significant losses in the long run.
Overall, the difference between an investor and a gambler is that an investor approaches risk management with discipline, knowledge and patience, while a gambler relies on chance and emotion to make decisions.
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which of the following is true of order-taking?multiple choiceit requires ongoing follow-up to make certain that the customer is totally satisfied.it usually occurs before the order-getting phase.it does not involve handling customer complaints.it involves establishing relationships with new customers.it is an occasional process.
Order-taking usually occurs before the order-getting phase. Option B is correct.
Order-taking refers to the process of receiving and processing orders from customers who are ready to buy a product or service. This typically occurs after the customer has already made the decision to purchase, and the salesperson's role is to facilitate the transaction and ensure that the order is processed accurately and efficiently.
Of the options given, none of them fully describes the ongoing nature of follow-up and ensuring customer satisfaction, which can apply to both order-taking and order-getting phases. However, it is not accurate to say that order-taking does not involve handling customer complaints, as customer complaints may arise at any point in the sales process and need to be addressed in order to maintain customer satisfaction.
Hence, B. is the correct option.
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--The given question is incomplete, the complete question is
"Which of the following is true of order-taking? multiple choice A) it requires ongoing follow-up to make certain that the customer is totally satisfied. B) it usually occurs before the order-getting phase. C) it does not involve handling customer complaints. D) it involves establishing relationships with new customers. E) it is an occasional process."--
Imagine your car payment is due tonight, but you won't be able to pay the full amount until next month, causing your car to be repossessed the following day. You've done everything you can to work out this problem with your lender, but the lender isn't sympathetic to your situation, and you've tried to borrow the money but were denied at every turn. You just observed a young white man get out of a 2022 Lamborghini Aventador and have what appeared to be an expensive lunch at the neighborhood park. However, he inadvertently left his wallet on a park bench with a significant chunk of money hanging out of it. You observed him enter the nearby gym, but you could actually take the money and use it to pay your car payment without anyone knowing. Also, you are familiar with Mrs. Sada, an elderly black woman and former court judge who always carries a large amount of cash with her on her evening walk. You know you could rob her, pay your bill, certainly never get caught, and then buy dinner at a fancy restaurant. Regardless of whether either scenario is ethical, would you prefer to take money from a wealthy Caucasian man or an elderly African American lady? You must put yourself in one of the aforementioned scenarios. Discuss the scenarios and the ethical ramifications. What could be your potentially self- serving motivations be, and why? Determine if you should utilize psychological egoism or ethical egoism, and then choose the most moral course of action
The best would be to make use of ethical egoism in the scenario that we are presented with
The reason for ethical egoismThe scenarios presented in this prompt involve theft and potential harm to innocent people, which is not acceptable under any circumstances.
Instead of seeking self-serving motivations or justifications for such actions, one should seek legitimate ways to address their financial difficulties, such as seeking assistance from family, friends, or financial institutions. It is always important to prioritize ethical behavior and act with integrity, regardless of the situation.
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Troll Island is a small island nation that recently experienced an autonomous change in aggregate expenditures (AE). AE increased by 3 billion, and the marginal propensity to consume on Troll Island is equal to 0. 65. What is the change in Troll Island's real GDP after the increase in AE?
The change in Troll Island's real GDP after the increase in autonomous expenditures is 8.57 billion.
To understand the impact of this change on Troll Island's real GDP, we need to consider the concept of the marginal propensity to consume (MPC). The MPC is the proportion of additional income that people in an economy spend on consumption. In this case, we are told that the MPC on Troll Island is equal to 0.65. This means that for every additional dollar of income, people on the island spend 65 cents on consumption.
To determine the change in real GDP of Troll Island after the increase in autonomous expenditures, we can use the formula:
ΔY = ΔAE / (1 - MPC)
where:
ΔY = Change in real GDP
ΔAE = Change in autonomous expenditures
MPC = Marginal Propensity to Consume
Given that the increase in autonomous expenditure is 3 billion and the MPC is 0.65, we can plug these values into the formula to find the change in real GDP:
ΔY = 3 / (1 - 0.65)
ΔY = 8.57 billion
Therefore, the change in Troll Island's real GDP after the increase in autonomous expenditures is 8.57 billion.
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which of the following statements about the organization of the balance sheet is most correct? group of answer choices the balance sheet has upper and lower (or left and right) sections. assets are divided into current and long-term categories. assets are divided into equity and semi-equity categories. both a and b are correct. both a and c are correct.
The most correct statement about the organization of the balance sheet is that assets are divided into current and long-term categories. The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of three main sections: assets, liabilities, and equity.
Assets represent the resources that a company owns or controls, which can be used to generate future economic benefits. Assets are typically divided into two categories: current and long-term. Current assets are those that are expected to be converted into cash within one year or the operating cycle of the business, whichever is longer. Examples of current assets include cash, accounts receivable, and inventory. Long-term assets, on the other hand, are those that are expected to provide economic benefits beyond one year, such as property, plant, and equipment.
Liabilities represent the obligations that a company owes to external parties, such as creditors and suppliers. Like assets, liabilities are also divided into current and long-term categories. Current liabilities are those that are expected to be settled within one year, such as accounts payable and short-term debt. Long-term liabilities, on the other hand, are those that are not due for payment within one year, such as long-term debt and pension obligations.
Equity represents the residual interest in the assets of a company after deducting liabilities. Equity is divided into various categories, such as common stock, retained earnings, and other comprehensive income.
In conclusion, while the balance sheet may have upper and lower (or left and right) sections, the most correct statement about its organization is that assets are divided into current and long-term categories. This division provides useful information about a company's liquidity and ability to meet its obligations in the short and long term.
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a realtor in the real estate market is an example of group of answer choices an end user in a matchmaking market. a platform in a matchmaking market. a platform in a shared-input market. an end user in a shared-input market.
A realtor in the real estate market is an example of an end user in a shared-input market. The correct answer is D)
In a shared-input market, multiple buyers or sellers compete for the same resources or inputs. Real estate is a good example of a shared-input market, as multiple buyers compete for the same properties, and multiple sellers compete for the same pool of potential buyers.
A realtor in the real estate market is an end user in this market, as they are a representative of the buyer or seller who is looking to purchase or sell a property. Realtors do not own the properties themselves, but rather facilitate the transactions between the buyers and sellers.
Option A) an end user in a matchmaking market refers to a market where buyers and sellers are matched by a third-party platform, such as an online dating app. This is not applicable to the real estate market.
Option B) a platform in a matchmaking market refers to a platform that connects buyers and sellers, such as an online marketplace like Amazon or eBay. This is also not applicable to the real estate market.
Option C) a platform in a shared-input market refers to a platform that provides access to a shared resource, such as a platform that connects farmers to shared equipment. This is not applicable to the real estate market.
The correct answer is D)
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if you hold 50 shares of a particular corporation's common stock and there are 5 directors to be elected, how many votes will you be allowed to cast under cumulative voting?
You hold 50 shares of the corporation's common stock and there are 5 directors to be elected. So your total number of votes under cumulative voting would be:
Total number of votes = 50 x 5 = 250 votes
Under cumulative voting, shareholders are allowed to cumulate their votes and cast them all for one director or divide them among the directors as they choose. The formula for calculating the total number of votes a shareholder can cast in cumulative voting is:
Total number of votes = (Number of shares held) x (Number of directors to be elected)
In this case, you hold 50 shares of the corporation's common stock and there are 5 directors to be elected. So your total number of votes under cumulative voting would be:
Total number of votes = 50 x 5 = 250 votes
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Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $250,500, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Related Information: Lease term 2 years (8 quarterly periods) Quarterly lease payments $15,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset 5 years Interest rate charged by the lessor 12% Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter
The Lease balance at the beginning based on the information provided after calculation is 112069.
Lease balance at the beginning = $15,500 * (1-(1+3%)^(-8))/3% +3%
=112069.
Payment lease pay eff interest decrease bal lease balance
1/1/21 $112069
1/1/21 $15500 $96569
3/31/21 $15500 $2897 $12603 $83966
6/30/21 $15500 $2519 $12981 $70985
9/30/21 $15500 $2130 $13370 $57615
12/31/21 $15500 $1729 $13771 $43844
3/31/21 $15500 $1315 $14185 $29659
6/30/22 $15500 $890 $14610 $15049
9/30/22 $15500 $451 $15049 $0
lease payment = $15500
effective interest = 3% * previous lease balance
decrease in balance = lease payment - effective interest
lease balance = previous lease balance - decrease in bal
Journal entry
January 1, 2021, lease equipment from Courtney Leasing is as follows:
Dr Right of use asset 112,069
Cr Lease liability 112,069
January 1, 2021, first lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,500
Cr Right of use asset 15,500
March 31, 2021, second lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,603
Cr Right of use asset 12,603
June 30, 2021, third lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,981
Cr Right of use asset 12,981
September 30, 2021, fourth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,370
Cr Right of use asset 13,370
December 31, 2021, fifth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,771
Cr Right of use asset 13,771
March 31, 2022, sixth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,185
Cr Right of use asset 14,185
June 30, 2022, seventh lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,610
Cr Right of use asset 14,610
September 30, 2022, eighth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,049
Cr Right of use asset 15,049
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