select each of the following ratios with the formula used to compute it. 1. working capital 2. current ratio 3. quick ratio 4. accounts receivable turnover 5. average days to collect receivables 6. inventory turnover 7. average days to sell inventory 8. debt-to-assets ratio 9. debt-to-equity ratio 10. return on investment 11. return on equity 12. earnings per share

In 2009, a major expansion of FDA regulatory control occurred with the passage of the Family Smoking Prevention and Tobacco Control Act.

This law gave the FDA the authority to regulate the manufacturing, marketing, and distribution of tobacco products, including cigarettes, smokeless tobacco, and other tobacco products. This allowed the FDA to implement a range of regulations to protect public health, including requiring health warning labels on cigarette packages and advertising, restricting the sale and distribution of tobacco products to minors, and regulating the ingredients in tobacco products. This expansion of FDA regulatory control was a significant step in addressing the harmful effects of tobacco use and protecting public health, and it continues to be an important area of focus for the FDA today.

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The option B - "The average wholesale price is the same for all footwear retailers" which is incorrect.

The average wholesale price a company charges footwear retailers in a given geographic region varies based on several factors such as production costs, supply and demand factors, and competition.  Therefore, the average wholesale price is not the same for all footwear retailers, and option B is incorrect. The footwear manufacturer plays a role in determining the average wholesale price, which is influenced by various factors.

This statement is incorrect because the average wholesale price can vary based on factors such as geographic region (A), and it is determined by the footwear manufacturer (C) who takes into account production costs and supply and demand factors (D).  Therefore, it is not necessarily the same for all footwear retailers.

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Job rotation is a technique used by organizations to provide employees with an opportunity to work in a variety of different roles or positions within the company. It is a form of job enrichment that enables workers to develop new skills and acquire knowledge about various aspects of the organization.
The answer to your question is option a. Job rotation.

With job rotation, employees are exposed to different job roles over a period of time. For instance, a salesperson may be rotated to work in the marketing department, customer service department, or even the finance department. By doing so, the employee gets to experience different types of work, and the organization benefits by having employees who have a more diverse range of skills and knowledge.

This can lead to increased employee engagement and job satisfaction as well as improved productivity and efficiency. The correct option is a. Job rotation, which is a variation of job enlargement in which workers are exposed to a variety of specialized jobs over time. Job rotation involves periodically moving employees from one job to another, allowing them to gain experience and develop skills in various specialized roles. This approach not only helps prevent job boredom, but it also allows for employee growth and development within the organization.

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The key element in making computers widely accessible to the public was reducing size and cost by using silicon chips to store data.

This advancement in technology, specifically the development and utilization of integrated circuits (silicon chips), played a crucial role in making computers more compact, affordable, and accessible to a broader range of people. Silicon chips allowed for increased processing power and storage capacity while significantly reducing the physical size and cost of computers. This innovation paved the way for personal computers and other devices to become more prevalent in households, businesses, and various industries. The other options mentioned, such as importing technology from Asia or government subsidies for research and distribution, may have played supporting roles in certain contexts, but the fundamental breakthrough of using silicon chips was the primary driver in making computers widely accessible. Requiring college students to bring computers in their freshman year, while it may have contributed to individual access among students, was not a key element in the widespread accessibility of computers to the general public.

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The Per Day Method, approximately $18,794.52 of the $360,000 operating loss is allocated to Deborah.

To determine the portion of the $360,000 operating loss allocated to Deborah using the Per Day Method (Pro-Rata Method), we need to calculate the number of days Deborah owned the stock during the year of 2021.

Since the year 2021 is not a leap year, it has a total of 365 days.

Deborah owned half of the stock of Phillips Corporation until the 19th day of the year, which is a total of 19 days.

To calculate the portion of the operating loss allocated to Deborah, we divide the number of days Deborah owned the stock by the total number of days in the year and multiply it by the total operating loss:

Portion allocated to Deborah = (Number of days Deborah owned the stock / Total number of days) * Total operating loss

Portion allocated to Deborah = (19 / 365) * $360,000

Portion allocated to Deborah ≈ $18,794.52 (rounded to the nearest cent)

Therefore, using the Per Day Method, approximately $18,794.52 of the $360,000 operating loss is allocated to Deborah.

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The exchange rate between Appleland's and Bananaland's currencies is approximately 1.7756 AAA per one unit of BBB.

To calculate the implied cross-rate between Appleland's (AAA) and Bananaland's (BBB) currencies, we can use the concept of triangular arbitrage. The implied cross-rate can be derived by dividing the exchange rate of Appleland's currency (AAA) by the exchange rate of Bananaland's currency (BBB).

The exchange rate between the US dollar and Appleland's currency is $1.000 = AAA6.972. This means that 1 unit of Appleland's currency (AAA) is equivalent to 6.972 US dollars.

The exchange rate between the US dollar and Bananaland's currency is $1.000 = BBB3.925. This implies that 1 unit of Bananaland's currency (BBB) is equivalent to 3.925 US dollars.

To find the implied cross-rate between Appleland's and Bananaland's currencies (AAA/BBB), we divide the exchange rate of Appleland's currency (AAA) by the exchange rate of Bananaland's currency (BBB):

Implied cross-rate = (AAA/USD) / (BBB/USD)

Implied cross-rate = AAA/BBB

Using the given exchange rates, the implied cross-rate between Appleland's and Bananaland's currencies is:

Implied cross-rate = (AAA/USD) / (BBB/USD)

Implied cross-rate = 6.972 / 3.925

Implied cross-rate ≈ 1.7756 (rounded to four decimal places)

Therefore, the implied cross-rate between Appleland's and Bananaland's currencies is approximately 1.7756 AAA per one unit of BBB.

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The factors that would determine entry and exit into a market for your own business include market demand, competition, profitability, cost structure, barriers to entry, and sustainability.

When considering entry into a market, you would need to assess the market demand for your product or service. Understanding the potential customer base and their needs is crucial for determining if there is a viable market opportunity. Additionally, analyzing the level of competition in the market is important to evaluate your business's ability to differentiate itself and capture market share.

Profitability is another key factor in deciding whether to enter or exit a market. Assessing the potential profitability of the market, including factors such as pricing, costs, and profit margins, helps determine the financial viability of your business in that market.

Cost structure is an essential consideration as well. Evaluating the costs associated with production, distribution, marketing, and other operational aspects will help determine the feasibility of entering or remaining in the market.

Barriers to entry, such as legal regulations, high capital requirements, or established competitors, also play a role in the decision-making process. Understanding these barriers and assessing your business's ability to overcome them is crucial in determining market entry or exit.

Lastly, sustainability is an important factor to consider. Evaluating long-term market trends, customer preferences, and potential disruptions allows you to gauge the viability and longevity of your business in the market.

Overall, entry and exit decisions are influenced by a combination of factors including market demand, competition, profitability, cost structure, barriers to entry, and sustainability, which require careful analysis and consideration in the context of your specific business.

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The correct statement is (B) Luther Industrial Group is responsible for cleaning up the site, no matter the cost or the rent received.

As the principal stockholder of Luther Industrial Group, Lex Luther is responsible for any environmental damages caused by the group's activities. Although Luther Industrial Group was not aware of the contamination caused by the metal fabricator, they are still responsible for the cleanup. The Environmental Protection Agency (EPA) requires property owners to remediate any contaminated sites on their property, regardless of who caused the pollution.

This means that Luther Industrial Group must pay for the cleanup, regardless of the cost or the income received from the metal fabricator's rent. The EPA may also hold Luther Industrial Group legally responsible for any damages caused by the pollution, including health effects on nearby residents or damage to natural resources.

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When analyzing the relative performance of an Asset Manager, it is common to decompose the total performance into three factors: currency selection, country selection, and stock selection.

Currency Selection: Currency selection refers to the decisions made by the Asset Manager regarding the selection and allocation of currencies in the portfolio. This factor examines how well the Asset Manager predicts and takes advantage of currency movements. For example, if the Asset Manager correctly identifies currencies that will appreciate against the base currency, it can contribute positively to the overall performance.

Country Selection: Country selection focuses on the Asset Manager's ability to identify and allocate investments across different countries or regions. It involves evaluating macroeconomic factors, political stability, regulatory environments, and other country-specific indicators. A successful country selection strategy can lead to outperforming specific markets or sectors.

Stock Selection: Stock selection refers to the Asset Manager's ability to pick individual securities within a given market or sector. It involves analyzing fundamental factors such as company financials, industry trends, valuation metrics, and other relevant criteria. Skillful stock selection can result in outperforming specific stocks or sectors relative to benchmark indices.

By decomposing the total performance into these three factors, it allows for a more granular analysis of the Asset Manager's investment decisions and their impact on performance. Each factor contributes to the overall performance, and evaluating their individual contributions helps to identify areas of strength or weakness in the Asset Manager's strategy. It also provides insights into the manager's expertise and their ability to generate alpha through skillful currency, country, and stock selection.

Please note that the actual decomposition and discussion would require specific data and analysis of the Asset Manager's performance in each factor.

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The following s represent common reasons why companies invest in other companies:

a. To invest excess cash created by operating in seasonal industries

alliances.

e. To receive interest and dividends.

These reasons are frequently observed in the business world:

a. Companies operating in seasonal industries may experience fluctuations in cash flow throughout the year. Investing excess cash during peak seasons can provide a return on investment and help maintain financial stability during slower periods.

c. Building strategic alliances through investments in other companies can provide various benefits, such as access to new markets, technologies, or resources. It can enhance competitiveness and support long-term growth strategies.

e. Companies may invest in other companies to earn interest and dividends on their investments. By holding ownership stakes in other companies, they can receive financial returns in the form of interest payments on loans or dividends on shares.

However, it's worth mentioning that the reasons for companies investing in other companies can vary based on their specific objectives, industry, and market conditions. Other factors, such as diversification, market expansion, or synergistic opportunities, can also play a role in investment decisions.

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When a company replenishes its petty cash fund, cash increases. It is important to note that replenishing the petty cash fund does not directly impact expenses.

Replenishing a petty cash fund involves restoring the amount of cash in the fund to its original level or a predetermined amount. In this process, cash is added to the petty cash fund, resulting in an increase in the company's cash balance. Petty cash is a small amount of cash set aside to cover minor expenses and day-to-day operational needs, such as office supplies, postage, or refreshments. As employees make cash payments for these small expenses, the petty cash fund is gradually depleted.

When the fund needs to be replenished, the company allocates additional cash to bring the fund back to its initial level. This cash infusion results in an increase in the company's overall cash balance. Expenses are incurred when cash is disbursed from the petty cash fund to pay for specific items or services. Replenishing the fund simply ensures that there is sufficient cash available for future small purchases and expenses.

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The right of an owner or her heirs to property upon the death of a life tenant is called a reversion.

The correct option is B.

A reversion refers to the ownership interest that reverts back to the original owner or their heirs after the expiration of a life estate or the termination of a particular interest in the property.

It allows the property to return to the ownership of the original grantor or their successors once the life estate ends. This means that the owner or their heirs regain full ownership and control over the property once the life tenant's interest concludes.

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To compute the after-tax cash from the contract in different scenarios, we need to consider the marginal tax rates of Company G and Company J.

After-Tax Cash from the Contract if Company G is the Party:

Since Company G is the party to the contract, the after-tax cash will be the full contract amount minus the applicable tax. The after-tax cash for Company G can be calculated as follows:

$99,000 - (30% * $99,000) = $99,000 - $29,700 = $69,300

After-Tax Cash from the Contract if Company J is the Party:

If Company J is the party to the contract, we need to consider the tax implications at Company J's marginal tax rate. The after-tax cash for Company J can be calculated as follows:

$99,000 - (12% * $99,000) = $99,000 - $11,880 = $87,120

After-Tax Cash Flow for Company G if Company J Provides the Services:

If Company J provides the services on behalf of Company G, the cash flow for Company G will be the after-tax cash flow of Company J. Therefore, using Company J's marginal tax rate:

$87,120 - (30% * $87,120) = $87,120 - $26,136 = $60,984

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understand that you want an answer involving the educational background of people starting small businesses. Here's a concise response:

Almost all people starting small businesses typically have at least a high school diploma or equivalent. Many have also graduated from higher educational institutions, such as colleges and universities, where they have acquired skills and knowledge relevant to entrepreneurship. They may have degrees in business administration, finance, marketing, or other related fields that equip them with the expertise needed to establish and manage a successful small business. Furthermore, some entrepreneurs might attend specialized courses, workshops, or training programs focused on small business development, enhancing their understanding of the complexities of running a business. Overall, a strong educational foundation is a common characteristic among those who venture into starting small businesses.

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The beta of the portfolio that will yield a 3% return on the Capital Market Line is approximately 0.67.

To determine the beta (β) of a portfolio that will yield a 3% return according to the Capital Market Line (CML), we need to use the formula:

Expected Portfolio Return = Risk-Free Rate + β * (Market Return - Risk-Free Rate)

Given that the risk-free rate is 1%, and we want a 3% return, we can substitute these values into the formula and solve for β:

3% = 1% + β * (Market Return - 1%)

Now, we can substitute the market return values for each year into the formula and solve for β. Taking the average of the market returns:

Average Market Return = (5% + 4% + 6% + 3% + 2%) / 5 = 4%

3% = 1% + β * (4% - 1%)

2% = β * 3%

Dividing both sides by 3%:

β ≈ 0.67

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XYZ Company has an earnings per share(EPS) of $2.5, calculated by dividing annual earnings of $5,000,000 by 2 million shares. The correct option is $2.5.EPS. It represents profit per share and helps investors evaluate profitability and compare companies. Higher EPS indicates stronger per-share profitability.

To calculate the earnings per share (EPS) of XYZ Company, we divide the annual earnings by the number of shares outstanding. In this case, XYZ Company has 2 million shares outstanding and annual earnings of $5,000,000.

EPS = Annual Earnings / Number of Shares Outstanding

EPS = $5,000,000 / 2,000,000

EPS = $2.5

Therefore, the EPS of XYZ Company is $2.5.

Earnings per share is an important financial metric that measures the profitability of a company on a per-share basis. It indicates how much profit is generated for each outstanding share of common stock.

EPS is commonly used by investors to assess a company's profitability and compare it with other companies in the same industry.

In this case, an EPS of $2.5 means that for every share of XYZ Company's stock, the company earned $2.5 in profit during the specified period.

It provides an insight into the company's ability to generate earnings and can be used in various financial analyses, such as price-to-earnings (P/E) ratios, to evaluate the company's valuation and investment potential.

Hence, the EPS is $2.5.

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The types of teams that businesses can have include workgroups, project teams, and task forces. Each type has distinct characteristics and purposes.

Workgroup: A workgroup consists of individuals who regularly interact and collaborate to accomplish common tasks or objectives within their department or functional area. Workgroups are typically ongoing and focus on day-to-day operations.

Project Team: A project team is formed to work on a specific project or initiative with a defined goal and timeframe. It brings together individuals from different departments or functional areas who possess the necessary skills and expertise for the project.

Project teams are responsible for planning, executing, and completing the project. They have a higher degree of autonomy and decision-making authority. Project teams offer the advantage of diverse perspectives, focused collaboration, and specialized skills.

However, they may face challenges related to coordination, resource allocation, and maintaining alignment with other ongoing activities.

Task Force: A task force is a temporary team assembled to address a specific issue, problem, or opportunity. It is usually comprised of individuals with relevant knowledge or expertise related to the task at hand. Task forces are formed for a limited duration and aim to generate innovative solutions or recommendations.

In terms of negotiating through problems, workgroups can leverage their regular communication and knowledge sharing to address issues collaboratively. Project teams can apply their specialized skills and focused collaboration to find creative solutions.

Task forces can bring together diverse expertise and a sense of urgency to swiftly tackle problems. Each team type has its own strengths and weaknesses in navigating and resolving challenges, and the choice of the best type for administrative assistants will depend on the specific goals and requirements of their work.

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A Just-In-Time (JIT) compiler and a conventional compiler differ in several ways due to their distinct design goals.

Firstly, JITs typically optimize code at runtime rather than compile time, meaning they can make dynamic decisions about how to optimize code based on runtime information. This can result in more efficient code execution and memory usage. Secondly, JITs may use techniques such as code caching and profiling to further optimize code.

Finally, JITs may have different code generation strategies to conventional compilers, such as focusing on generating code quickly rather than generating the most optimized code possible. These differences are dictated by the design goal of producing code that can be executed quickly, without the need for a separate compilation step.

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Among the given options, the builder of customized yachts would most likely not use a process-cost accounting system.Process-cost accounting systems are typically used in industries where production involves a continuous flow of homogeneous products, such as in the manufacturing of large quantities of similar items.

This allows the accumulation of costs over time and the calculation of average costs per unit. A producer of frozen orange juice, a paint manufacturer, a lumber mill, and a producer of computer monitors could all potentially use a process-cost accounting system. These industries involve the production of standardized or similar products where costs can be accumulated over time and allocated to units produced. However, the builder of customized yachts operates in a different manner. Each yacht is unique and tailored to the specific requirements and preferences of individual customers. The production process for each yacht is distinct and may involve different materials, designs, and labor requirements. As a result, a job-order costing system is more suitable for tracking costs associated with each custom yacht project, rather than using a process-cost accounting system.

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Program to compute the grade in LBYEC2A grading system is given below:Program:Grade_LA= (LA*20)/100Grade_MP= (MP*20)/100Grade_PR= (PR*30)/100Grade_PE1= (PE1*15)/100Grade_PE2= (PE2*15)/100Total_Grade= Grade_LA+Grade_MP+Grade_PR+Grade_PE1+Grade_PE2Python code: LA= float(input("Enter the lab activity grade: "))MP= float(input("Enter the machine problem grade: "))PR= float(input("Enter the project grade: "))PE1= float(input("Enter the practical exam 1 grade: "))PE2= float(input("Enter the practical exam 2 grade: "))Grade_LA= (LA*20)/100Grade_MP= (MP*20)/100Grade_PR= (PR*30)/100Grade_PE1= (PE1*15)/100Grade_PE2= (PE2*15)/100Total_Grade= Grade_LA+Grade_MP+Grade_PR+Grade_PE1+Grade_PE2print("Your total grade is: ",Total_Grade)

The given problem statement requires the program to compute the grade based on the percentage allocated to each of the course work (Lab Activities, Machine Problems, Project, Practical Exam 1 and Practical Exam 2). The weightage is given as:Lab Activities: 20%Machine Problems: 20%Project: 30%Practical Exam 1: 15%Practical Exam 2: 15%The Python program to solve the above problem statement is given below. In the program, the user is prompted to enter the grades for each of the coursework. These values are used to compute the grade as per the weightage given above.The user inputs for each course work are assigned to variables LA, MP, PR, PE1 and PE2. These values are used to compute the grades for each coursework using the formula given above.The final grade is computed by adding the grades obtained for each coursework. The final grade is printed as the output.

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The correct answer to this question is D. Total Equity/Total Debt = 1.40. The Debt/Equity ratio indicates the amount of debt a company has in relation to its equity. In this case, for every dollar of equity the company has, it has $0.75 of debt.

To calculate the Total Equity/Total Debt ratio, we simply invert the Debt/Equity ratio. This gives us $1.33 of equity for every dollar of debt. The other options provided do not correspond to the given Debt/Equity ratio. Total Debt/Total Assets = 0.43 would indicate that the company has a relatively low amount of debt compared to its total assets. Total Equity/Total Assets = 1.75 would indicate that the company has a high proportion of equity relative to its assets. Total Assets/Total Equity = 0.57 would indicate that the company has more assets than equity. Therefore, D. Total Equity/Total Debt = 1.40 is the only ratio that corresponds to the given Debt/Equity ratio of 0.75.

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An agent's fiduciary responsibilities include acting in the best interest of their clients and maintaining a high level of trust and honesty in their dealings. Of the options provided, all could be considered responsibilities of an agent, but the clearest example of a fiduciary responsibility would be option A, promptly forwarding premiums to the insurance company.

This is because it is the agent's duty to ensure that their clients' payments are processed efficiently and accurately, in order to guarantee that their coverage remains in force and they receive the benefits they have paid for. Additionally, failing to forward premiums could result in legal and financial consequences for both the agent and their client, making it a crucial aspect of the agent's fiduciary duties.

An example of an agent's fiduciary responsibilities is (a) Promptly forwarding premiums to the insurance company.

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In this case, GDP would indeed exceed the sum of consumption, investment, and government purchases .

if a country's exports of goods and services exceed its imports, it means that net exports (exports minus imports) are positive. in this scenario, the correct statement would be: "GDP exceeds the sum of consumption, investment, and government purchases."

gross domestic product (GDP ) is a measure of the total value of goods and services produced within a country's borders during a specific period. it can be calculated using different approaches, including the expenditure approach, which sums up the components of GDP: consumption (C), investment (I), government purchases (G), and net exports (NX).

the formula for GDP using the expenditure approach is:

GDP= C+ I + G+ NX

when net exports (NX) are positive, meaning that exports exceed imports, it increases the overall value of GDP. this is because net exports contribute positively to the total value of goods and services produced domestically.

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The answer is B) Average product cuts marginal product from below, at the maximum point of marginal product.

This is because as output increases, both average product and marginal product initially increase, with marginal product reaching a maximum before decreasing.

Average product, on the other hand, continues to increase but at a decreasing rate. The point where marginal product reaches its maximum is also the point where it intersects with the average product curve, cutting it from below. This is because at this point, marginal product is greater than average product and pulls it up.

This relationship is important for firms to understand as it affects their production decisions and profitability.

Hence, option b. is correct.

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The partnership should record the market value of the securities, which is $10,000, in Juan's capital account due to this contribution.

When a partner contributes assets to a partnership, the general practice is to record the contributed assets at their fair market value rather than the book value. This approach ensures that the partnership's financial statements reflect the current value of the assets. In this case, since the market value of the securities is $10,000, that amount should be recorded in Juan's capital account. It's important to note that partnership agreements may have specific provisions or requirements regarding the valuation and recording of contributed assets. Therefore, it's advisable to consult the partnership agreement or seek professional advice to ensure compliance with any specific guidelines or provisions that may be applicable.

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The expected return on Intel Corporation stock, based on the market's performance, is 12.80 percent.

If the market performs poorly, Intel stock is expected to only return 5.00 percent. Given this information, you would like to calculate the stock's expected return based on the market's performance.

To calculate the expected return, we can use the following formula:

Expected Return = (Probability of Good Market * Return in Good Market) + (Probability of Poor Market * Return in Poor Market)

Let's assume there is a 60 percent chance of a good market and a 40 percent chance of a poor market. Substituting the values into the formula, we get:

Expected Return = (0.60 * 18.00%) + (0.40 * 5.00%)

= 10.80% + 2.00%

= 12.80%

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A cash of $17,400 was received from the tenant for rent during the year, when the balance in the Unearned Rent Revenue account was $3,400.

To determine the cash received from the tenant for rent during the year, we need to consider the changes in the Unearned Rent Revenue account.

At the beginning of the year, the balance in the Unearned Rent Revenue account was $3,400. During the year, Mercury recognized $16,600 of rent revenue. The ending balance of the Unearned Rent Revenue account is $2,600.

To calculate the cash received, we need to find the difference between the rent revenue recognized and the change in the Unearned Rent Revenue account.

Rent revenue recognized = $16,600

Change in Unearned Rent Revenue account = Beginning balance - Ending balance

                                  = $3,400 - $2,600

                                  = $800

The cash received from the tenant for rent during the year is the sum of the rent revenue recognized and the change in the Unearned Rent Revenue account:

Cash received = Rent revenue recognized + Change in Unearned Rent Revenue account

                = $16,600 + $800

                = $17,400

Therefore, the cash received from the tenant for rent during the year is $17,400.

The cash received from the tenant for rent during the year is $17,400.

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Consumers will pay higher prices while deadweight loss is created.

When a new tariff is imposed on the import of foreign-made steel due to a national defense argument, it increases the price of imported steel. This leads to consumers paying higher prices for steel products. Additionally, the tariff creates a deadweight loss in the market, as it reduces the overall efficiency of trade by discouraging the consumption of lower-priced imported steel.  Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or when there is a misallocation of resources. Therefore, the imposition of tariffs on the import of foreign-made steel leads to higher prices for consumers and creates deadweight loss.

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The value of the inventory destroyed by the tornado on April 30 was $58,000.

To calculate the value of the inventory destroyed by a tornado on April 30 for Madagascar Company using the gross profit method of inventory valuation, follow these steps:

1. Calculate the estimated cost of goods sold (COGS) by multiplying net sales by the cost percentage (100% - gross profit rate): COGS = $100,000 * (100% - 68%) = $100,000 * 32% = $32,000

2. Calculate the total cost of goods available for sale by adding beginning inventory and net purchases: Total cost of goods available for sale = $20,000 (beginning inventory) + $70,000 (net purchases) = $90,000

3. Calculate the estimated ending inventory by subtracting the estimated COGS from the total cost of goods available for sale: Estimated ending inventory = $90,000 (total cost of goods available for sale) - $32,000 (estimated COGS) = $58,000

So, the value of the inventory destroyed by the tornado on April 30 was $58,000.

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False. Network diagrams, also known as arrow diagrams or precedence diagrams, are a technique used to depict activity sequencing in project management.

However, they are not the only preferred technique. Another commonly used technique is the use of Gantt charts, which display activities in a timeline format. Both network diagrams and Gantt charts have their advantages and are suitable for different situations. Network diagrams provide a visual representation of dependencies and critical paths, while Gantt charts offer a clear view of task durations and overlapping activities. The choice of technique depends on the project's complexity, requirements, and the preferences of the project team.

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