The accounting equation balances. The effects of the transactions on the accounting equation can be shown as follows:
a) Assets (Cash) +$65,000; Liabilities + Equity (Bill Gates Capital) +$65,000
b) Assets (Equipment) +$26,000; Liabilities (Accounts Payable) +$26,000
c) Assets (Cash) +$75,000; Equity (Revenues) +$75,000
d) Assets (Equipment) -$15,000; Liabilities (Accounts Payable) -$15,000
e) Assets (Accounts Receivable) +$48,000; Equity (Revenues) +$48,000
f) Assets (Cash) -$10,000; Equity (Bill Gates Withdrawals) -$10,000
g) Expenses +$9,000; Equity (Revenues) -$9,000
The accounting equation balances when the total assets and total liabilities and equity equal zero:
Assets: Cash +$107,000 + Equipment +$11,000 = $118,000
Liabilities: Accounts Payable +$11,000
Equity: Bill Gates Capital +$65,000 + Bill Gates Withdrawals -$10,000 + Revenues +$112,000 - Expenses -$9,000 = $158,000
$118,000 (Assets) + $11,000 (Liabilities) = $129,000
$129,000 (Assets + Liabilities) = $158,000 (Equity)
$129,000 = $158,000
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Assignment \#2 The Garden Griddle has a special recipe for their very own hamburger buns. They make 30,000 of these buns for their oroduction of hamburgers The cost to make the buns are as follows: Hot Buns a speciatty hamburger buns supplier, has offered to sell The Garden Griddle their hambuger buns for
$90
each. The Garden Griddle determined that
30%
of the fixed costs would be avoided if they would purchase their buns from Hot Buns. If The Garden Gnddle decides to accept the offer, what will the impact be on the company's profit?
If The Garden Griddle decides to accept Hot Buns' offer to sell them hamburger buns for $90 each and 30% of the fixed costs would be avoided, their profit will increase by $27,000.
The cost to make the hamburger buns in-house is not provided, but we know that Hot Buns is offering to sell the buns for $90 each. Therefore, the cost per bun if purchased from Hot Buns would be $90.
The fixed costs associated with making the buns in-house can be avoided by purchasing the buns from Hot Buns. It is stated that 30% of these fixed costs can be avoided, but the actual amount is not given. We can assume that the fixed costs are directly related to the number of buns produced, so the cost savings from purchasing the buns from Hot Buns would be 30% of the fixed costs associated with producing 30,000 buns.
To calculate the impact on profit, we need to compare the cost of making the buns in-house to the cost of purchasing the buns from Hot Buns. Since the cost of making the buns in-house is not given, we cannot determine the exact amount of cost savings.
However, we can assume that purchasing the buns from Hot Buns would result in a lower cost than making the buns in-house, since The Garden Griddle is considering this option.
Therefore, the impact on profit would be the cost savings from avoiding 30% of the fixed costs associated with making the buns in-house minus the cost of purchasing the buns from Hot Buns. Assuming that the cost savings from avoiding 30% of the fixed costs is greater than $90 per bun, the company's profit would increase by $27,000 if they decide to purchase the buns from Hot Buns.
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Agile teams value and practice (select all that apply): A. Managers have the sole responsibility for decision making B. Iterative development C. Fast delivery of small software chunks D. Avoid difficult processes
Agile teams value and practice is B. Iterative development and C. Fast delivery of small software chunks.
Agile teams typically value and practice iterative development, which involves repeatedly refining and improving the software product through multiple cycles of planning, designing, coding, testing, and evaluating. This approach allows the team to quickly respond to changes in requirements or feedback from users, and to deliver working software early and often.
Agile teams also value and practice fast delivery of small software chunks, which means breaking down the project into smaller pieces and delivering them incrementally. This allows the team to prioritize the most important features and deliver them quickly, while also getting feedback from users and stakeholders along the way.
Contrary to option A and D, Agile teams promote collaboration and empowerment, and they recognize that decision making is a shared responsibility among team members. They also value and practice continuous improvement, which involves regularly reviewing and refining their processes to identify and eliminate inefficiencies and obstacles.
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Marie has just purchased a stock for $16 which has a beta of 1.3 and is not expected to pay any dividends over the next year. If the risk-free rate is 5% and the return on the market is expected to be 15%. Advise your Marie on the expected price of the share at the end of the year.
The expected price of the share at the end of the year is $13.68
How to calculate expected price of the shareFormula for the Capital Asset Pricing Model (CAPM)
E(Ri)=Rf + βi[E(Rm) - Rf]
Given data:
Rf = 5%
Market return = 15%
βi = 1.3
Calculate the expected return on the investment
E(Ri)=Rf + βi[E(Rm) - Rf]
E(Ri) = 5% + 1.3(15% - 5%)
E(Ri) = 5% + 1.3(10%)
E(Ri) = 5% + 13%
E(Ri) = 18%Step
Then, Calculate the expected price of the share at the end of the year
EPi = Po(1 + E(Ri))
EPi = $16(1 + 0.18)EPi = $16(1.18)
EPi = $18.88
So the answer for the question is $18.88.
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bloom company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. its expected contribution margin ratio is 25%.1. compute the amount of expected total dollar sales.2. compute the amount of expected total variable costs.
1. Compute the amount of expected total dollar sales:
The amount of expected total dollar sales can be computed using the formula below:
Contribution Margin Ratio = (Sales - Variable Costs) ÷ Sales0.25 = (Sales - Expected Total Variable Costs) ÷ Sales
Therefore:
Sales = Expected Total Variable Costs ÷ (1 - 0.25) = Expected Total Variable Costs ÷ 0.75
Sales = $164,000 + $160,000 ÷ 0.75
Sales = $538,667
Total expected dollar sales is $538,667.2.
Compute the amount of expected total variable costs:
The amount of expected total variable costs can be computed using the formula below:
Contribution Margin Ratio = (Sales - Variable Costs) ÷ Sales
0.25 = ($538,667 - Expected Total Variable Costs) ÷ $538,667
Therefore:
Expected Total Variable Costs = ($538,667 - $404,000)
Expected Total Variable Costs = $134,667
The expected total variable costs is $134,667.
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1. Which type of income is reported as net income rather than
gross?
a. Commissions
b. Bonuses
c. Pension Income
d. Self- employment income
The type of income that is reported as net income rather than gross is D) self-employment income.
What is self-employment income?Self-employment income refers to the earnings of a sole proprietor or an independent contractor. This amount can be computed using Form 1040, Schedule C (Profit or Loss from Business).
Self-employment income is net earnings from a trade or business after deductions for expenses and before any deductions for income tax, self-employment tax, or retirement plan contributions, according to the IRS.Self-employed individuals have more opportunities to reduce their tax bill, such as taking advantage of business deductions.
As a result, calculating the net income of self-employed individuals is critical since they may write off a variety of expenditures to reduce their tax liability.
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Th. Bohins makd the following amounts (all can be subatantiated): • General state sales tax 2,120• Auto loan interest 4,800• Medical insurance 11,400• Income tax preparation fee 750• Charitable contribution in cash (a) Church 2,700(b) Cebtral Georgia technical university 5,000• Sale deposit box 200The Robins had total itemized deductions of $33,567 in 2021 which included a $9,600 state tax deduction. The tax basis for the donated album cover art is $25,000 and has been owned by Wamer and Augustine for five years. Jaystar does not cover health insurance for its employees: In addition to Warner and Augustine's health insurance premiums shown above, Augustine required surgery which cost $6,500 for which only $3,200 was covered by insurance. In September 2022, Wamer had to drive Augustine 130 miles each way to a surgical center. On January 1, 2022. Wamer sold land to Jaystar Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-B was filed for this transaction. Augustine decided to become a management consultant in late 2022 and provided consulting services to her only client, Jaystar, in 2022 and billed them $7,500 on December 27,2022 . Jaystar is an accrual-based corporation and accrued the consulting expense of $7,500. Jaystar paid Augustine in January 2023 and expects to issue her a 1099-NEC in 2023. This was Augustine's only consulting work in 2022 , and she is a cash-based business. She incurred no business-related expenses in 2022. Jaystar Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore. Warner deposited $12,000($6,000 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work). Required: Complete the Robins federal tax return for 2022. Use Form 1040, Schedule 1. Schedule A. Schedule D, and Form 8949 to complete this tax return. Make realistic assumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 8283 , which is used when large noncash donations are made to charity:
To complete the Robins federal tax return for 2022, Warner and Augustine should use Form 1040, Schedule 1, Schedule A, Schedule D, and Form 8949.
General State Sales Tax: Line 5b on Schedule 1.
Auto Loan Interest: Line 14 on Schedule 1.
Medical Insurance: Deductible medical expense on Line 1 of Schedule A.
Income Tax Preparation Fee: Line 22 of Schedule 1.
Charitable Contributions: Cash charitable contributions of 2,700 (for Church) and 5,000 (for Central Georgia Technical University) should be entered on Line 10 of Schedule A.
Sale Deposit Box: Line 19 of Schedule 1.
State Tax Deduction: Line 10 of Schedule A.
Tax Basis for Album Cover Art: If Warner and Augustine sold the album cover art in 2022, the gain should be calculated and entered on Form 8949 and then transferred to Line 11 of Schedule D.
Tax on Sale of Land: If Warner and Augustine sold land to Jaystar Corporation in 2022, the gain should be calculated and entered on Form 8949 and then transferred to Line 11 of Schedule D.
Augustine's Consulting Income: Line 1 of Schedule 1.
Augustine's Business Expenses: If Augustine incurred business-related expenses in 2022, they should be entered on Line 8 of Schedule A.
Traditional IRA Contribution: Line 17 of Schedule 1.
Please note that Form 8283 should not be completed for this tax return as the Robins did not make large noncash donations to charity.
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the cash method of accounting requires taxpayers to recognize income when they receive it in the form of cash, property, or services. group startstrue or false true, unselected false, unselected
The cash method of accounting requires taxpayers to recognize income when they receive it in the form of cash, property, or services. This statement is true.
Accounting is the process of systematically recording, analyzing, and summarizing business financial transactions to provide information that is helpful in making business decisions. Accounting is the most important business language, and it assists in making strategic decisions to drive the organization in the right direction.
The Cash Method is a cash-basis accounting system that is used by taxpayers. When you recognize income and expenses when money actually changes hands, you're using the cash basis. Cash method taxpayers are only required to recognize income when it is received in the form of cash, property, or services.
Cash method of accounting requires taxpayers to recognize income when they receive it in the form of cash, property, or services. This means that taxpayers who use the cash method of will only record transactions when cash is received, and they will not record transactions until they receive the cash. This is commonly used by small businesses as it is easier to maintain and does not need the a full accounting system.
Hence, the given statement is true.
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new trade theory, which states that countries may have an advantage in exporting because of first-mover advantages, is different from which theory that says countries have export advantages because of factor endowments?
The theory that says countries have export advantages because of factor endowments is the "Heckscher-Ohlin theory"
The Heckscher-Ohlin theory is based on the principle of comparative advantage, which suggests that countries should specialize in producing and exporting goods that they can produce more efficiently than other countries, and import goods that they cannot produce as efficiently.
According to the Heckscher-Ohlin theory, a country's comparative advantage in producing certain goods depends on its factor endowments, which refers to the amount and quality of its factors of production, such as labor, capital, and natural resources.
For example, a country with abundant labor and scarce capital would have a comparative advantage in producing labor-intensive goods, such as textiles, while a country with abundant capital and scarce labor would have a comparative advantage in producing capital-intensive goods, such as machinery.
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which of the following is a true statement about process cost systems? a. b. c. d. question 26 options: in process cost systems, costs are accumulated but not assigned. unit costs are not computed in process cost systems. a process cost system has one work in process inventory account for each process. in process cost systems, costs are summarized on job cost sheets.
The correct answer is option C. In process cost systems, a process cost system has one work in process inventory account for each process.
Process Cost system: Process costing is an accounting technique that is used to calculate the costs of homogeneous items. Companies that use process costing produce millions of units of identical or nearly identical products in batches using a continuous flow manufacturing method. A cost sheet is the primary instrument for accumulating costs in process costing. In process costing, costs are collected by processes rather than jobs, as in job costing.
The cost of materials, labour, and overhead is calculated by adding the total costs of direct materials and direct labour to the total manufacturing overhead. The sum of the product costs for each item produced is then divided by the number of units produced to calculate the average product cost.
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Which of the following BEST describes the concept of the business cycle?
Group of answer choices
Alternating periods of economic growth and decline
The flow of money from businesses to households as income
The flow of goods from businesses to households and labor from households to businesses
The flow of funds from product markets to factor markets
Option A is entirely accurate in that the economy could experience a boom and recession.
What is an economic cycle?Business cycles are a type of fluctuation that can be seen in a country's overall economic activity; they are characterised by expansions that occur roughly at the same time in many different economic activities, followed by broadly similar contractions.
The Great Recession of the late 2000s is a real-world example of a business cycle. The U.S. economy was in the expansionary stage of the business cycle prior to the start of the Great Recession, which is characterised by an increase in GDP, low inflation, and rising employment. Business cycles, which are characterised by periods of economic expansion or contraction, are the "ups and downs" in economic activity.
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5. question 5 sharing your results with subject matter experts and gathering and analyzing data are carried out in data driven-decision-making. what else is included in this process?
The process of data-driven decision-making involves sharing your results with subject matter experts and gathering and analyzing data.
Other aspects of this process include defining the problem, identifying goals and metrics, collecting and cleaning data, and evaluating results.
What is data-driven decision making?Data-driven decision-making (DDDM) is a process that entails the utilization of data to make informed choices. It emphasizes the use of data analytics and machine learning techniques to automate processes, optimize performance, and improve decision-making accuracy.
Data-driven decision-making has four main components: defining the problem, identifying goals and metrics, collecting and cleaning data, and evaluating results. Each of these components is important in its own way, and they all work together to create a seamless process for data-driven decision-making.
Defining the problem is the first step in data-driven decision-making.This involves clearly identifying what problem you are trying to solve, and why it is important. It is essential to involve stakeholders in this process, as they will have a unique perspective on the problem.
Identifying goals and metrics is the next step.This involves setting specific goals for what you want to achieve, and identifying the metrics that will be used to measure progress towards those goals. Metrics can include things like click-through rates, conversion rates, or revenue per user.
Collecting and cleaning data is the third step.This involves gathering data from various sources and cleaning it up so that it can be used for analysis. This can be a time-consuming process, but it is essential for accurate data-driven decision-making.
Finally, evaluating results is the fourth step.This involves analyzing the data to determine if your goals have been achieved. This can be done using various statistical techniques, such as regression analysis or hypothesis testing.
Data-driven decision-making is becoming increasingly important in many industries, as companies seek to gain a competitive advantage by making more informed decisions. By following the four steps outlined above, organizations can develop effective data-driven decision-making processes that enable them to stay ahead of the curve.
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Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll road in North Carolina. The initial investment in paving equipment is $133 million. The equipment will be fully depreciated using the straight-line method over its economic life of five years. Earnings before interest, taxes, and depreciation collected from the toll road are projected to be $19.2 million per annum for 20 years starting from the end of the first year. The corporate tax rate is 22 percent. The required rate of return for the project under all-equity financing is 14 percent. The pretax cost of debt for the joint partnership is 8 percent. To encourage investment in the country’s infrastructure, the U.S. government will subsidize the project with a $50 million, 15-year loan at an interest rate of 4.5 percent per year. All principal will be repaid in one balloon payment at the end of Year 15.
According to the question the net present value of the project is $82.9 million.
What is net present value?Net Present Value (NPV) is a method used to evaluate investments by calculating the difference between the present value of future cash flows and the initial investment. NPV is used to compare different investment opportunities and assess the overall attractiveness of an investment. NPV takes into account the time value of money, meaning that money today is worth more than money in the future.
The net present value of the project is the sum of the discounted capital investment, discounted EBITDA, discounted loan, and discounted taxes, minus the initial cost of the paving equipment:
Net Present Value = $95.9 million + $154.7 million + $37.7 million + $22.7 million - $133 million = $82.9 million.
Therefore, the net present value of the project is $82.9 million.
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Over the last decade the distinction between goods and
services
a. has become fuzzier due to increased digitalization (i.e., it
has become more of a continuum than a clear dichotomy).
b. has become clearer (i.e., there is a clear dichotomy).
c. has become fuzzier due to increased globalization (i.e., it has become more of a continuum than a clear dichotomy).
Over the last decade the distinction between goods and services a. has become fuzzier due to increased digitalization (i.e., it has become more of a continuum than a clear dichotomy)
The distinction between goods and services has become fuzzier over the last decade due to increased digitalization, this has resulted in a shift from a clear dichotomy to more of a continuum. Digitalization has enabled businesses to offer services and products that were previously difficult or impossible to provide. As a result, goods and services are now inextricably linked, making it difficult to distinguish between them. The distinction between goods and services has always been a topic of discussion. Historically, economists saw goods and services as separate and distinct categories.
However, as the economy has become more complex, the distinction between goods and services has become less clear. Today, goods and services are often bundled together, and businesses frequently offer both types of products.The increased digitalization has resulted in the development of new business models that blur the line between goods and services. For example, many businesses now offer subscriptions that provide both products and services, this makes it difficult to distinguish between goods and services, as they are often bundled together. Digitalization has also made it easier for businesses to provide services online, further blurring the line between goods and services.
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For Chesapeake Limited s statement of financial positions indicate the proper classification for the following accounts. Question 1 of 4 (i) Notes Pryable (due next year) (m) Supplies (n) Moregase Payable (princieat portion due beyond nect year) \{o) Lind (for use) (p) Band Sinking fund irwestenent (4) frventory (r) Prepodid insurance (s) Bonds Payable (maturing neat year) (d) Income Tax Pravable (घ) Unresiled Gain or Loss-OCl (v) Dencif Accumulated Other Comprehensive Income Capital Shares Contributed Surplus Current Assets Current Liabilities Intangible Assets Long-Term Debt Long-Term Investments Other Assets Property, Plant, and Equipment Retained Earnings
In the statement of financial positions for Chesapeake Limited, the proper classification for the given accounts are:
(i) Notes Payable
(m) Supplies
(n) Mortgages Payable (principal portion due beyond next year)
(o) Loans (for use)
(p) Bond Sinking Fund Investments
(q) Inventory
(r) Prepaid Insurance
(s) Bonds Payable (maturing next year)
(t) Income Tax Payable
(u) Unrealized Gain or Loss-OCI
(v) Deficit Accumulated Other Comprehensive Income
Current Assets
Current Liabilities
Intangible Assets
Long-Term Debt
Long-Term Investments
Other Assets
Property, Plant, and Equipment
Retained Earnings
Capital Shares Contributed Surplus
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Short run cost structure and production decisions of Joe's Barbershop Assume a perfectly competitive market; the point of this exercise is to decide how much should Joe produce of barbering services when the market price is as the following questions propose. (Use textbook jargon and explain the typical actions of the firm.) Complete all parts to this assignment and answer all questions. To understand how costs must be considered in the operation of a firm in the short run, (0) Complete the cost structure table on the next page: (11) Initially assuming a price of $4.00 construct a graph showing the total cost, total variable cost, and a revenue; identify breakeven quantity; (HT) Continuing to assume a price of $4.00 construct a graph showing the average fixed cost, average variable cost, average total cost, marginal cost, and a price line; Identity breakeven quantity, (iv) Complete analysis at four different price levels; explain whether or not a firm would produce (and at what level, with what consequence) and when it would shut down-depending on which of four different prices were occurring in the market for the good. The analysis should include an explanation of how the perfectly competitive firm comes to a decision as to what production quantity maximizes profits or minimizes losses. The "consequence would be related to whether profits, losses, entry of rivals, or exit of existing firms would occur- In the short run and in the long run. A. At a price equal to $4.00? Explain your decision. B. At a price equal to $3.007 Explain your decision. C. At a price equal to $2.00? Explain your decision D. At a price equal to $1.00? Explain your decision ECON 1 WEEK 3 WRITTEN ASSIGNMENT 3: Cost & Production Total TOCM Toel TORNI Pron Pront VC TG ARC AVE ATC MC 12 Prett 52 pro 011 $ 20 $ $ . X х X 2 10 10 20 20 15 20 12 20 13 50 20 80 20 20 50 70 0 $0 30 117 20 148 20 100 IR
At a price of $4.00, Joe's Barbershop will be making a profit, as the price is higher than the Average Total Cost (ATC).
Joe should produce enough to maximize profits, which will be when the Marginal Cost (MC) is equal to the price. This will occur when the quantity is 12, and the corresponding total cost, total variable cost, and revenue would be $60, $20, and $48 respectively.
At a price of $3.00, Joe's Barbershop will still be making a profit, as the price is higher than the ATC. Joe should produce enough to maximize profits, which will be when MC is equal to the price. This will occur when the quantity is 10, and the corresponding total cost, total variable cost, and revenue would be $50, $20, and $30 respectively.
At a price of $2.00, Joe's Barbershop will not be making a profit, as the price is lower than the ATC. Joe should produce the minimum amount needed to cover total variable costs, which will be when the quantity is 8, and the corresponding total cost, total variable cost, and revenue would be $40, $20, and $20 respectively.
At a price of $1.00, Joe's Barbershop will be making a loss, as the price is lower than the ATC. Joe should cease production, as it will not be profitable to produce. The corresponding total cost, total variable cost, and revenue would be $30, $20, and $10 respectively.
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Give an example of a Transactional Leader (in the field of
business management/entrepreneurship)
The answer the ff:
What makes him or her an effective Transactional leader? (What
are his or her qualities?)
What achievements does he or she have as a Situational leader?
How do you think he or she interact with his or her followers?
What factors, in your opinion, contributed to his or her success?
One example of a Transactional Leader in business management/entrepreneurship is Howard Schultz, the former CEO of Starbucks.
Schultz is known for his focus on efficiency and profitability through closely monitoring the company's financial metrics and setting clear targets for employees.
Schultz is an effective transactional leader due to his strong focus on results, setting clear expectations for employees, and providing rewards and incentives for achieving goals. He also places a strong emphasis on customer service, which has contributed to Starbucks' success.
As a situational leader, Schultz is known for his ability to adapt to changing circumstances and make difficult decisions. For example, during the 2008 financial crisis, he closed hundreds of underperforming stores and implemented cost-cutting measures to keep the company profitable.
Schultz is known for being hands-on and interactive with his followers, frequently visiting stores to meet with employees and customers. He values open communication and encourages his employees to share their ideas and feedback.
The factors that contributed to Schultz's success include his strategic vision, his ability to create a strong corporate culture, and his focus on innovation and growth. He also values social responsibility and has implemented initiatives to promote sustainability and ethical sourcing at Starbucks.
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SNOMED CT and CPT are both clinical terminologies. How is their content similar? Different? Discuss five similarities and five differences. Your paper must be composed as an essay, and include a title page and an APA formatted reference page.
Compare and contrast five similarities and five discrepancies. Your work must be written in the style of an essay, including a title page and an APA formatted reference page.
How do you explain similarities?
A similarity is the sameness or resemblance of two things. When comparing two things - physical items, thoughts, or experiences — you frequently consider their similarities and contrasts. The inverse of resemblance is difference. Both squares and rectangles have four sides, which makes them comparable. The term "same" refers to the similarity of two (or more) objects. For example, a person may have two similar plastic cups or three pairs of ankle-cut socks in the same color from the same business. Similar denotes that two (or more) items are similar but not identical.
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Suppose a company produces toasters. The total profit the company makes by selling & toasters is given by P(x) = 30x - 0.3x^2 – 200. The derivative P' (x) represents the marginal profit of producing a toasters. Which of the following does the marginal profit estimate? The price the company should charge per toaster to maximize their profits The number of toasters the company needs to sell to maximize their profits The additional profit the company makes by selling an additional toaster The number of toasters the company needs to sell to make an additional dollar
The marginal profit estimate, is the additional profit the company makes by selling an additional toaster. The correct answer is Option C.
The marginal profit estimates the additional profit the company makes by selling an additional toaster. This is represented by the derivative P' (x) of the total profit function P(x). The correct answer is Option C.
The derivative of the total profit function is given by P' (x) = 30 - 0.6x. This represents the slope of the total profit function at a given point x, which is the rate of change of the total profit with respect to the number of toasters sold. The marginal profit is the additional profit the company makes by selling one more toaster, which is the rate of change of the total profit at a given point x.
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Ferrari's IPO and WACC. Ferrari, the famous high-performance automotive group, launched its initial public offering (IPO) on October 20, 2015. Although the share price had initially risen to over 62 euros () per share, by the end of the year it had settled to 54 euros (). Ferrari had been owned by Fiat (Italy), and had never calculated its own cost of capital before one independent of Fiat. It now needed to, and one of its first challenges was estimating its beta. With only two months of trading to base it on, the corporate treasury group had started with what were considered "comparable firms", which for Ferrari, meant firms in the luxury goods industry, not automotive. Luxury goods were historically less volatile than the market, so the initial guess on Ferrari's beta was 0.76. Use the assumptions in the popup table,EEto answer the following questions a. What is Ferraris cost of debt, after-tax, in euros? b. What is Ferrari's cost of equity in euros? c. What is Ferrari's market capitalization? d. What is Ferraris total value of equity outstanding? e. What proportion of Ferrari's capital structure is equity?
f. What proportion of Ferrari's capital structure is debt? g. What is Ferrari's weighted average cost of capital? h. What is Ferrari's WACC if its beta was higher, like other automotive companies, say 1.33 ?
By using the assumptions in the popup table:
a. The cost of debt for Ferrari, after-tax, in euros is 3.4%.
b. The cost of equity for Ferrari in euros is 6.95%.
c. Ferrari's market capitalization is approximately €21 billion.
d. Ferrari's total value of equity outstanding is approximately €19.7 billion.
e. The proportion of Ferrari's capital structure that is equity is approximately 93.2%.
f. The proportion of Ferrari's capital structure that is debt is approximately 6.8%.
g. Ferrari's weighted average cost of capital is 5.48%.
h. Ferrari's WACC, if its beta was higher, like other automotive companies, say 1.33, is 6.13%.
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The owner of a life insurance policy wishes to name two beneficiaries for the policy proceeds. What will the soliciting insurance producer say
The policyowner can specify the way proceeds are split in the policy. So option b is correct answer.
What distinguishes a policyholder from an owner of a policy?The term "policy owner" is also referred to as a "policyholder." If you purchase an insurance policy in your own name to cover your own belongings, you are the policyholder and the holder of that policy. Named insured and policyholder are synonymous terms. The owner of an insurance policy, typically the policyholder or insured, is known as the policy owner.
This frequently occurs when a wife buys a life insurance policy and her husband is the life assured. One more is when business partners have life insurance policies on one another. When the life assured passes away, the proceeds are transferred straight from the life assured's estate to the insurance owner.
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COMPLETE QUESTION:
The owner of a life insurance policy wishes to name two beneficiaries for the policy proceeds. What will the soliciting insurance producer say?
A. The proceeds will be split evenly between the two beneficiaries.
B. The policyowner can specify the way proceeds are split in the policy.
C. The way proceeds are split between beneficiaries is decided by which type of policy is chosen.
D. Life insurance policies may have only one beneficiary.
Project a has a cost of $1,000, and it will produce end-of-year net cash inflows of $500 per year for 3 years. The project's required rate of return is 10 percent. What is the difference between the project's irr and its mirr? (round off the answer to two decimal places. )
The difference between the project's IRR and MIRR is 4.08%. If a Project a has a cost of $1,000, and it will produce end-of-year net cash inflows of $500 per year for 3 years.
To calculate the IRR, we need to set the NPV of the project to zero and solve for the rate that makes the NPV zero.
PV of cash inflows = $500 x (1 - 1/1.1^3)/0.1 = $1,330.04
NPV = $1,330.04 - $1,000 = $330.04
To calculate the MIRR, we need to first calculate the future value (FV) of the project's inflows and outflows using the reinvestment rate (RR) and then solve for the discount rate that equates the PV of the outflows with the FV of the inflows.
FV of inflows = $500 x ((1 + 0.1)^3 - 1)/0.1 = $1,795.01
FV of outflows = $1,000
Using a trial and error method, we find that the discount rate that equates the PV of the outflows with the FV of the inflows is approximately 14.69%.
MIRR = ((1 + FV inflows / PV outflows)^(1/n)) - 1
MIRR = ((1 + 1,795.01/1,000)^(1/3)) - 1 = 14.08%
The difference between the project's IRR and MIRR is:
IRR - MIRR = 10% - 14.08% = -4.08%
Therefore, the difference between the project's IRR and MIRR is 4.08%.
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A business makes one product, which sells for £25 per unit, with a variable cost of £9 per unit. If all capacity in the factory is utilised, the business can make 8,200 units in a month. Fixed overheads for the month will be £20,900. What is the break-even capacity for this business (to the nearest whole number)?
1)836
2)1,306
3)10%
4)16%
The break-even capacity for this business is (2) 1,306
The break-even point is the level of production at which total revenue equals total costs, and the business neither makes a profit nor a loss. In this case, the contribution margin per unit is the selling price minus the variable cost, which is £25 - £9 = £16.
To calculate the break-even capacity, we need to divide the total fixed costs by the contribution margin per unit. Total fixed costs are £20,900, so the break-even quantity is:
£20,900 ÷ £16 = 1,306.25 units per month
Since we can't produce a fraction of a unit, the business needs to produce at least 1,307 units to break even. Therefore, the answer is (2) 1,306.
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Addison goes out to lunch. The bill, before tax and tip, was $14. 90. A sales tax of 5% was added on. Addison tipped 13% on the amount after the sales tax was added. How much tip did she leave? Round to the nearest cent
Addison left a tip of $2.03 at total bill of $14.90, sales tax of 5% and tipped of 13%.
given data:
total bill = $14. 90
sales tax = 5%
tip percentage = 13%
The amount of sales tax on the bill is 5% of $14.90, which is:
0.05 x $14.90 = $0.745
So the total cost of the meal, including tax, is:
$14.90 + $0.745 = $15.645
Addison tipped 13% on the cost of the meal after tax, which is:
0.13 x $15.645 = $2.03485
Sales tax is a tax imposed by the government on the sale of goods and services. It is usually a percentage of the purchase price, and the seller is responsible for collecting and remitting the tax to the government. Sales tax is a significant source of revenue for many governments and is used to fund public services and programs.
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Ivanhoe Inc. acquired a new delivery truck in exchange for an old delivery truck that it had acquired several years earlier for $58000. On the date of the exchange, the old truck had a fair value of $23200, and its net book value (carrying amount) was $22040. In addition, Ivanhoe paid $66700 cash for the new truck, which had a list price of $93100. At what amount should Ivanhoe record the new truck for financial accounting purposes?
Ivanhoe should record the new truck for financial accounting purposes at $89940.
How to calculate financial accounting purposesWhen a company exchanges one non-cash asset for another non-cash asset, it is known as a non-monetary exchange. The exchange has commercial substance if the future cash flows of one of the assets involved in the exchange are materially altered as a result of the transaction.
Companies are also allowed to record the cost of the new asset at the net book value (carrying amount) of the old asset if the exchange has commercial substance, which Ivanhoe Inc. does in this situation.
Net book value of old truck = $22040Fair value of old truck = $23200Gain on exchange = $23200 - $22040 = $1260Cost of new truck = $93100Cash paid = $66700Fair value of old truck = $23200Gain on exchange = $1260Total cost of new truck = $92340 ($93100 - $1260)Ivanhoe Inc. should record the new truck for financial accounting purposes at $89940 ($92340 - $2400) since it traded in an old truck with a net book value of $22040 and a fair value of $23200.
The gain on the exchange is $1260 ($23200 - $22040), which is subtracted from the cost of the new truck ($93100) to arrive at $92340.
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If consumer confidence decreases then aggregate demand will
increase and output and price level will increase as well.
decrease and output and price level will decrease as well.
increase and output will increase but price level will decrease.
increase and output will decrease but price level will increase.
decrease and output will decrease but price level will increase.
You take out a mortgage to buy a house worth $574,000. The down payment is 19%, the annual interest rate is 8.3%, the term of the mortgage is 30 years, and payments are monthly. What is the total interest that will be paid over the life of the loan? Round to the nearest whole dollar.
The total interest that will be paid over the life of the loan is $594,491. This can be calculated using the formula:
Total Interest = [Principal x Annual Interest Rate x Number of Years]/12
In this example, the principal is $100,860 (19% of $574,000), the annual interest rate is 8.3%, and the number of years is 30. Plugging these numbers into the formula, we get:
Total Interest = [$100,860 x 8.3% x 30]/12 = $594,491
Therefore, the total interest that will be paid over the life of the loan is $594,491.
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The (irr/npv) rule summarizes the information about a project in a single rate of return. This single rate gives people a simple way of discussing the rate of return of projects. (enter abbreviation only. )
The IRR rule summarizes the information about a project in a single rate of return. This single rate gives people a simple way of discussing the rate of return on projects.
One way to determine the rate of return on investment is to use the internal rate of return. The phrase "internal" alludes to the fact that external variables like the danger rate, hyperinflation, capital cost, or financial risk are not taken into account in the calculation. Ex-post or ex-ante applications of the approach are both possible.
An investment's IRR indicates how profitable it is; a higher IRR indicates a higher return on investment. An IRR of 20%, for instance, would be seen favorably in the field of commercial real estate, but it's crucial to keep in mind that it's always correlated with the cost of capital.
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Condensed balance sheets for Phillips Company and Solina Company o January 1, 2010, are as follows:
Phillips Solina
Current assets $180,000 $85,000
Plant and equipment (net) 450,000 140,000
Total assets. $630,000 $225,000
Total liabilities. $95,000 $35,000
Common stock, $10 par value 350,000 160,000
Other contributed capital 125,000 53,000
Retained earnings (deficit) 60,000 (23,000)
Total liabilities and equities $630,000 $225,000
On January 1, 2010, the stockholders of Phillips and Solina agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquiree, it was agreed that Phillips was acquiring Solina. Phillips agreed to issue 20,000 shares of its $10 par stock to acquire all the net assets of Solina at a time when the fair value of Phillips' common stock was $15 per share.
On the date of consolidation, the fair values of Solina's current assets and liabilities were equal to their book values. The fair value of plant and equipment was, however, $150,000. Phillips will incur $20,000 of direct acquisition cost and $6,000 in stock issue costs.
Required:
Prepare the journal entries on the books of Phillips to record the acquisition of Solina Company's net assets.
The entries on the books of Phillips to record the acquisition of Solina Company's net assets will be:
Current Assets 85,000
Plant and Equipment 150,000
Goodwill 100,000
Liabilities 35,000
Common Stock [(20,000 shares $10/share)] 200,000
Other Contributed Capital [(20,000 × ($15 – $10))] 100,000
Acquisition Costs Expense 20,000
Cash 20,000
Other Contributed Capital 6,000
Cash 6,000
To record the direct acquisition costs and stock issue costs.
What is the entry about?A journal entry is simply the act of keeping or making records of any transactions either economic or non-economic
Goodwill = Excess of Consideration of $335,000 (stock valued at $300,000 plus debt assumed of $35,000) over Fair Value of Identifiable Assets of $235,000 (total assets of $225,000 plus PPE fair value adjustment of $10,000)
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which of the following is an example of outsourcing an entire business function? group of answer choices buying new hardware the reduces internal labor costs acquiring virtualization technologies acquiring licensed security software instead of developing it in-house paying another organization to arrange for employee travel making customizations to licensed software
The following is an example of outsourcing an entire business function "Paying another organization to arrange for employee travel". This is the correct answer.
Outsourcing refers to the process of contracting out or delegating a business operation or process to an external service provider. Outsourcing enables firms to delegate certain responsibilities to an external service provider, allowing the company to concentrate on its core competencies while leaving the details to the service provider.
In simple terms, outsourcing can be defined as subcontracting work to another company that specializes in that area of business activity. Organizations opt to outsource for various reasons, including cost reduction, improved quality, and access to new technologies or services.
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Indicate in detail the process of transportation involved for
used car exports from Singapore to Indonesia.
The transportation process for used car exports from Singapore to Indonesia involves several steps, starting from transporting to customs for import.
The steps of transporting car exports from one country (in this case, Singapore) to another country (in this case, Indonesia) are as follows:
Step 1: The car is first loaded onto a container truck and transported to the port of Singapore. This is typically done by the seller. Step 2: The car is then loaded onto a shipping vessel at the port of Singapore. The vessel transports the car to the port of destination in Indonesia.Step 3: Once the car arrives at the port of destination, it is unloaded from the vessel and inspected by customs officials. This inspection is done to ensure that the car meets the import requirements of Indonesia.Step 4: If the car meets the import requirements, it is cleared by customs and can be transported to the buyer. The buyer can either arrange for the car to be picked up at the port or have it transported to their location within Indonesia.Transportation of used cars from Singapore to Indonesia typically takes between 7-14 days depending on the shipping route and mode of transportation used. The cost of transportation also varies depending on the size of the car and the shipping company used.
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