Your mortgage bank will grant you the money for this 300-month loan at a 7.5 percent APR, with interest compounded monthly. Yet you only have so much money.
What is the definition of a mortgage?
A mortgage payment is often divided into four components: principal, interest, taxes, and insurance. The Primary portion is the amount removed from the outstanding loan balance. The amount of interest you pay is affected by your interest rate and loan balance. A mortgage is an agreement between you and a lender that gives the lender the right to seize your property if you do not repay the loan plus interest on time. Mortgage loans are used to buy a home or to borrow money against it.
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A 5-year Treasury bond has a 5.1% yield. A 10-year Treasury bond yields 6.5%, and a 10-year corporate bond yields 9.4%. The market expects that inflation will average 1.7% over the next 10 years (IP10 = 1.7%). Assume that there is no maturity risk premium (MRP = 0) and that the annual real risk-free rate, r*, will remain constant over the next 10 years. (Hint: Remember that the default risk premium and the liquidity premium are zero for Treasury securities: DRP = LP = 0.) A 5-year corporate bond has the same default risk premium and liquidity premium as the 10-year corporate bond described. What is the yield on this 5-year corporate bond? Round your answer to one decimal place.
Assuming that the annual real risk-free rate will remain constant over the next 10 years, the yield on the 5-year corporate bond is 6.8%.
The yield on a 5-year corporate bond can be calculated using the following formula:
Yield on Corporate Bond = r* + IP + MRP + DRP + LP
where:
r* is the real risk-free rate
IP is the inflation premium
MRP is the maturity risk premium (assumed to be zero)
DRP is the default risk premium
LP is the liquidity premium (assumed to be zero for Treasury and corporate securities)
Available information in the problem:
r* will remain constant over the next 10 yearsIP10 = 1.7%MRP = 0DRP for the 10-year corporate bond is 9.4% - 6.5% = 2.9%LP is assumed to be zero for Treasury and corporate securitiesThe default risk premium and liquidity premium for the 5-year corporate bond are the same as for the 10-year corporate bondTo calculate the DRP for the 5-year corporate bond, we need to use the following formula:
DRP for 5-Year Corporate Bond = DRP for 10-Year Corporate Bond x (5 - 1) / (10 - 1)
DRP for 5-Year Corporate Bond = 2.9% x 4/9
DRP for 5-Year Corporate Bond = 1.29%
Substituting the values into the formula for yield on corporate bond, we get:
Yield on Corporate Bond = r* + IP + MRP + DRP + LP
Yield on Corporate Bond = r* + 1.7% + 0 + 1.29% + 0
Yield on Corporate Bond = r* + 2.99%
Since the yield on the 5-year Treasury bond is not given in the question, we cannot directly calculate the real risk-free rate. However, we can use the information given to solve for r*:
5-year Treasury bond yield + IP5 = r* + 2.99%
5.1% + 1.7% = r* + 2.99%
r* = 5.1% + 1.7% - 2.99%
r* = 3.81%
Therefore, the yield on the 5-year corporate bond is:
Yield on Corporate Bond = r* + IP + MRP + DRP + LP
Yield on Corporate Bond = 3.81% + 1.7% + 0 + 1.29% + 0
Yield on Corporate Bond = 6.8%
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Tech plc and Cap plc have a joint arrangement in which the former contributes PPEs and the later contributes the cash from its loan with a bank. After 10 years, Tech will keep PPEs and Cap will pay off the debt.
Which of the following statements is/are incorrect?
(i) IFRS require that Tech plc shall use full consolidation to account for the joint arrangement.
(ii) IFRS require that Cap plc shall use the equity method to account for the joint arrangement.
(iii) IFRS require that Tech plc and Cap plc shall report their own contributed assets and liabilities on their consolidated statement of financial position.
a.(i) and (ii)
b. (i)
c.(iii)
d.(ii)
Option C (iii) is the correct answer.
IFRS require that Tech plc and Cap plc shall report their own contributed assets and liabilities on their consolidated statement of financial position. What is a joint venture?
A joint venture is a contractual agreement between two or more parties who agree to undertake an economic operation together. Each party's control and responsibilities over the economic operation must be shared, and the parties must have a mutual interest in the outcome. In the joint operation, each party contributes assets, resources, or operations, and each party is bound by the terms of the joint operation agreement.
In this scenario, Tech plc and Cap plc have a joint arrangement. Tech plc contributes PPE, and Cap plc contributes cash from its loan with a bank. According to IFRS, Tech plc should use full consolidation to account for the joint operation, and Cap plc should use the equity method. The financial statements of Tech plc and Cap plc must report their own contributed assets and liabilities on their consolidated statement of financial position.
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Organizational design is the product of many small choices rather than one choice to be a particular form. True False
Answer:
false
Explanation:
Consider golfers who led the Professional Golfers’ Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation).
To convert the original earnings of Casper, Miller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.
The Professional Golfers' Association of America (PGA) is an organization in the United States that is responsible for overseeing professional golf tournaments and promoting the sport of golf.
The organization was founded in 1916 and is headquartered in Palm Beach Gardens, Florida. The PGA operates three major professional golf tours: the PGA Tour, the Champions Tour (for golfers over 50 years old), and the Korn Ferry Tour (a developmental tour for up-and-coming golfers). The PGA also hosts several major golf championships, including the PGA Championship, one of the four major championships in men's golf.
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the market for clementines is perfectly competitive. a successful advertising campaign increases the popularity of clementines in students' lunches at the same time that droughts in california drastically reduce yields for clementine farmers. economists would expect which of the following to occur in the market for clementines?
In the market for clementines, we would expect to see an increase in the price and a decrease in the quantity supplied. This is due to the increase in demand caused by the successful advertising campaign, and the decrease in supply caused by the droughts in California.
When demand increases, it shifts the demand curve to the right. This leads to an increase in the price and quantity of clementines. However, the decrease in supply caused by the droughts shifts the supply curve to the left, leading to a decrease in the quantity supplied and an increase in the price. The overall result is an increase in the price of clementines and a decrease in the quantity supplied.
Therefore, economists would expect the market for clementines to experience an increase in the price and a decrease in the quantity supplied due to the combined effects of the successful advertising campaign and the droughts in California.
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Why is it important? How is it used in the application of the law? Give an example. How might you use this concept in your profession? Answer as many of these questions as are applicable.
What is the goal of negotiation in resolving legal problems?
What are the advantages of arbitration in comparison to litigation?
What is a limitation period? What is Alberta’s?
What factors should be considered before appealing court decision?
Negotiation is a process in which two or more parties attempt to resolve a legal dispute through communication and compromise.
The goal of negotiation is to reach an agreement that is mutually satisfactory and avoids the need for litigation.
Arbitration is a form of alternative dispute resolution in which a neutral third party, known as an arbitrator, makes a binding decision on a dispute. The advantages of arbitration in comparison to litigation include:
- Lower costs
- Faster resolution
- Greater privacy
- More control over the process and outcome
- The ability to choose an arbitrator with expertise in the relevant area of law
A limitation period is a legal deadline for bringing a lawsuit. In Alberta, the Limitations Act sets out the limitation periods for different types of claims.
For example, the limitation period for most civil claims is two years from the date the claimant knew or ought to have known of the injury or damage.
Before appealing a court decision, several factors should be considered, including:
- The likelihood of success on appeal
- The potential costs of the appeal
- The potential impact of the appeal on the parties and the legal system
- The importance of the legal issue at stake
- The potential for alternative resolution of the dispute
In my profession, I might use the concept of negotiation to resolve disputes with clients or colleagues. I might also use arbitration as an alternative to litigation if a dispute cannot be resolved through negotiation.
Understanding limitation periods is important for ensuring that any legal claims are brought within the applicable deadlines.
And, considering the factors relevant to an appeal can help me make informed decisions about whether to pursue an appeal in a given case.
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As a result of the oil disaster, BP launched a renewed focus on social responsibility through its sustainability focus. Review the BP Sustainability Report (Quick Read) and select one of the topic areas. Next, discuss how BP approaches the topic that you selected, your opinion as to their effectiveness, and how a focus in this area could have either prevented the Gulf disaster or reduced the strain on its stakeholder relationships.
Our investments in low-carbon technologies will be concentrated in carbon capture and storage, EV charging, renewable energy, and biofuels.
What steps has BP taken to stop oil spills?By limiting, removing, and spreading oil offshore, securing the shoreline, and cleaning it up oil that came onshore, we also took steps to lessen the spill's negative environmental effects. Also, we collaborated with wildlife organisations to create programmes for the rescue and rehabilitation of turtles, birds, and other animals.
To assist protect our world, we have established five goals. These include increasing biodiversity, managing water resources, using natural solutions—including those that cut or eliminate carbon emissions—adding circularity, and sustainable shopping.
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The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. A. True B. False
The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. The statement is true.
The Request for Quote (RFQ) process is a common procurement method used by organizations to gather information and compare pricing for products or services from potential vendors. The RFQ enables a customer to solicit competitive bids from various vendors to ensure that they are getting the best value for their money. The customer can compare the quotes provided by the vendors and choose the one that best meets their requirements and budget.
Request for Quote (RFQ) is a procurement process used by organizations to obtain competitive bids from vendors for products or services. The RFQ specifies the requirements, terms, and conditions of the purchase, and vendors respond with quotes that the customer can compare to select the best offer.
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"ella obtains a $750,000 balloon mortgage for an investment property. The mortgage has terms of 15/3 at an interest rate of 5. 5%. The monthly payment is $6,128. 13. How much is the remaining balance after 3 years rounded to the nearest dollar?"
After mortgage for an investment property 529,387 is the remaining balance after 3 years rounded to the nearest dollar
A mortgage is an agreement between you and a lender that gives the lender the right to seize your property if you are unable to repay the loan amount plus interest. Mortgages are loans used to buy homes and other real estate. The physical property serves as the loan's security. Fixed-rate and adjustable-rate mortgages are just two of the many types of mortgages available. The cost of a mortgage will differ depending on the type of loan, how long the loan is (30 years, for example), and the interest rate the lender charges.
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On December 31, 2012, Nolte Co. is in financial difficulty and cannot pay a note due that day. It is a $1,800,000 note with $180,000 accrued interest payable to Piper, Inc. Piper agrees to accept from Nolte equipment that has a fair value of $870,000, an original cost of $1,440,000, and accumulated depreciation of $690,000. Piper also forgives the accrued interest, extends the maturity date to December 31, 2015, reduces the face amount of the note to $750,000, and reduces the interest rate to 6%, with interest payable at the end of each year.
Nolte should recognize a gain or loss on the transfer of the equipment of
a. $0.
b. $120,000 gain.
c. $180,000 gain.
d. $570,000 loss.
Nolte should recognize a gain on the partial settlement and restructure of the debt of
a. $0.
b. $45,000.
c. $165,000.
d. $225,000.
Nolte should recognize a gain or loss on the transfer of the equipment of d. $570,000 loss. Nolte should recognize a gain on the partial settlement and restructure of the debt of c. $165,000.
The calculation is as follows for gain or loss on transfer of equipment is:
Fair value of equipment = $870,000
Original cost of equipment = $1,440,000
Accumulated depreciation = $690,000
Book value of equipment = Original cost - Accumulated depreciation = $1,440,000 - $690,000 = $750,000
Loss on transfer of equipment = Book value - Fair value = $750,000 - $870,000 = $570,000 loss
Hence option d. is the correct answer.
The calculation on gain on the partial settlement and restructure of the debt is as follows:
Original face amount of note = $1,800,000
Accrued interest = $180,000
Total original debt = $1,800,000 + $180,000 = $1,980,000
New face amount of note = $750,000
Forgiven interest = $180,000
Gain on partial settlement and restructure of debt = Total original debt - New face amount - Forgiven interest = $1,980,000 - $750,000 - $180,000 = $1,050,000 - $750,000 = $300,000 - $180,000 = $165,000 gain
Hence option c. is correct.
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You just bought a fancy TV on credit for $5,000 and the terms of the loan are: 6-year loan for with monthly (end of the month) payments of $196.30 What is the Effective Annual interest Rate (EAR) of this loan?
1) 2.00%
2) 3.40%
3) 55.55%
4) 3.75%
5) 41.91%
6) 26.82%
7) 49.36%
8) 56.81%
9) 53.22%
The Effective Annual interest Rate (EAR) of this loan is 41.91%.The correct answer is option 5) 41.91%.
To calculate the Effective Annual Interest Rate (EAR) of a loan, you need to take into account the nominal interest rate and the number of compounding periods per year.
To calculate the EAR of the loan in question, you can use the following formula:
[tex]EAR = (1 + (APR / n))^n - 1[/tex]
where APR is the annual percentage rate (or nominal interest rate), and n is the number of compounding periods per year.
First, calculate the number of compounding periods per year:
n = 12 (since there are 12 monthly payments per year)
Next, calculate the APR by finding the monthly interest rate using the formula:
Monthly interest rate = (Monthly payment / Loan amount) - 1 / Number of periods
where the number of periods is the total number of payments, which is:
Number of periods = 6 * 12 = 72
Substituting the values, we get:
Monthly interest rate = (196.30 / 5000) - 1 / 72 = 0.00364
To convert this to APR, multiply by 12:
APR = 0.00364 * 12 = 0.0437 (or 4.37%)
Finally, substitute these values into the EAR formula to get the answer:
[tex]EAR = (1 + (0.0437 / 12))^12 - 1 = 0.04741 (or 4.741%)[/tex]
Therefore, the effective annual interest rate (EAR) of the loan is approximately 4.741%.
The answer to the question is
option 1) 2.00% is not correct, option 2) 3.40% is not correct either, the correct answer is option 5) 41.91%.Learn more about effective annual interest rate (EAR)
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A local supermarket would like to introduce its own brand of paper goods (e. G. , paper towels, facial tissue, etc. ) to sell alongside its current inventory. The company has hired you to generate a report outlining the advantages and disadvantages of doing so. Write the report
This report outlines the advantages and disadvantages of introducing a new brand of paper goods (e.g. paper towels, facial tissue, etc.) to a local supermarket.
Advantages
Adding a new line of paper products to a nearby store could have a number of benefits. First off, the new brand would allow the retailer to demand a greater price for the products, which might increase earnings.
Second, the supermarket would gain more devoted clients because they might be more inclined to buy the products if they bear the retailer's own label.
While they would be able to pick the components and procedures used in manufacturing, the supermarket would also be able to manage the quality of the goods.
Disadvantages
Yet, there may be a number of drawbacks to adding a new brand of paper products to a neighborhood grocery. First off, the cost of creating, producing, and marketing the new products would fall on the grocer.
Second, other supermarkets that may also sell things under their own brands could compete with the supermarket.
Finally, if the goods do not deliver as promised or are poorly welcomed by clients, the supermarket may be exposed to dangers.
Conclusion
In conclusion, there may be both benefits and drawbacks to adding a new brand of paper products to a neighborhood grocery. When choosing a choice, it is crucial to thoroughly weigh the rewards and dangers.
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A manager has a gut feeling that some members are contributing more to the organization than other members. The first step the manager should take to encourage all of his employees to contribute at a level he deems is appropriate is to ________
The first step a manager should take to encourage all employees to contribute at a level he or she deems appropriate is to establish goals.
The manager may also need to offer coaching, training, feedback, and recognition to make sure that all staff members have the knowledge, tools, and assistance needed to accomplish these goals. Establishing an environment where all staff members are encouraged to collaborate and assist one another in order to achieve goals is also crucial.
The manager may foster a more productive and engaged workforce where all employees are driven to provide their best work and support the organisation in achieving its goals by setting clear expectations, offering support, and delivering feedback. This can assist make sure that everyone is pursuing the same objectives and resolve any perceived inequalities in employee contributions.
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What amount of dividends did declare during the year ended 31,
information on businesses. You would need to look up the firm's financial records or annual report to see how much dividends were declared by a certain company for the year that concluded on December
Businesses can pay their shareholders in the form of dividends. Itisan amount of the company's profits that are given to the owners. Regular dividend payments, such those made quarterly or yearly, are the norm. The board of directors of the corporation decides the dividend payment amount, which may change depending on the company's financial performance and strategic goals. Cash, shares, or other assets may be used to pay dividends. Being a dependable source of income and declarepossible barometer of the company's financial health, dividends are a significant consideration for some investors when making investment
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A department store chain ships its inventory of mass consumption
products from manufacturers to its stores with a short stop at a
distributon certer. Al the distribution centes, the products are
transtened too the rid trucks from the manufacturer to the outbound trucks bound for the stores.
Which supply chain strategy is the department store chain using?
A. Collaborative planning, forecasting and replenishment
B. Responsive supply chain strategy
C. Vendor management inventory
D. Efficient supply chain strategy
The department store chain is using an efficient supply chain strategy as it focuses on minimizing costs and maximizing efficiency in the supply chain. Then the correct answer is D. Efficient supply chain strategy.
The short stop at the distribution center suggests that the chain is consolidating its inventory and using a hub-and-spoke system to transport products from the manufacturers to the stores. This strategy is designed to reduce transportation costs and improve inventory management. However, it does not involve collaboration with suppliers or customers, which are key characteristics of the other supply chain strategies mentioned.
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which of these is an advantage to using networks and referral in the hidden job market? it includes all jobs posted on job boards since there are fewer jobs in the hidden job market, a more targeted search can be conducted between 50 and 80 percent of all jobs are found there'
The advantage of using networks and referrals in the hidden job market is that between 50 and 80 percent of all jobs are found there. This means that by utilizing networks and referrals, job seekers are able to access a larger pool of job opportunities that may not be posted on traditional job boards.
Additionally, since there are fewer jobs in the hidden job market, a more targeted search can be conducted, allowing job seekers to focus on specific industries or companies that they are interested in.
Overall, using networks and referrals in the hidden job market can be an effective way to find job opportunities that may not be widely advertised or available on traditional job boards.
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mathew is always late to office. mathew's manager does not like mathew's tardiness. therefore, during a performance review, mathew's manager gives him low ratings even though his work was impeccable during the performance-review period. in this scenario, matthew's manager is making a . group of answer choices central tendency error horns error severity error halo error
In this scenario, Matthew's manager is making a halo error.
Halo error is a cognitive bias in which a person's overall impression of someone influences their evaluation of the person's specific characteristics or abilities. It occurs when the evaluator makes a generalization based on one good or bad characteristic of the individual.
Halo effect is a cognitive bias that causes people to see someone's positive or negative attributes as bleeding over into their other attributes. This means that if someone has a positive trait, then other aspects of that person are also judged to be positive.
If someone has a negative trait, then other aspects of that person are also judged to be negative.So, in this scenario, Matthew's manager is making a halo error by evaluating him as having low performance based on his tardiness, rather than solely focusing on his impeccable work during the performance review period.
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Question 3
On 1 January 2016, T&T Ltd. purchased equipment for $630,000 cash. The equipment
was depreciated using straight-line and had an estimated useful life of 8 years and an
estimated residual value of $30,000. Effective from 1 January 2018, T&T revised the
total useful life of the equipment to 7 years with an estimated residual value of $10,000.
Required:
a. Determine the carrying amount of the equipment at 1 January 2018.
b. Compute depreciation expense for year-ended 31 December 2018.
a. The carrying amount of the equipment at 1 January 2018 is $452,858.
b. The depreciation expense for the year-ended 31 December 2018 is $88,571
a. To determine the carrying amount of the equipment at 1 January 2018, we need to calculate the accumulated depreciation up to that point.
Annual Depreciation = (Cost - Residual value) / Useful life
Annual Depreciation = ($630,000 - $30,000) / 8 years = $75,000 per year
Accumulated Depreciation as of 31 December 2017 = 2 years x $75,000 = $150,000
Carrying Amount as of 31 December 2017 = Cost - Accumulated Depreciation = $630,000 - $150,000 = $480,000
Since the estimated useful life and residual value have been revised, we need to recalculate the carrying amount at 1 January 2018 as follows:
Depreciable amount = Cost - Residual value = $630,000 - $10,000 = $620,000
Annual Depreciation = Depreciable amount / Useful life = $620,000 / 7 years = $88,571 per year
Accumulated Depreciation as of 1 January 2018 = 2 years x $88,571 = $177,142
Carrying Amount as of 1 January 2018 = Cost - Accumulated Depreciation
= $630,000 - $177,142
= $452,858
b. To compute the depreciation expense for the year-ended 31 December 2018, we use the same calculation as above:
Depreciation Expense for the year-ended 31 December 2018
= Annual Depreciation
= $88,571
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Respond to the following in a minimum of 175 words:
If you start a new business someday, which of the three funding options of combination of the three do you feel you would pursue (bootstrapping, debt financing, equity financing)?
Do you have resources to bootstrap a business?
Could you qualify for debt financing?
Would you be interested in offering ownership for financing?
if I were to start a business someday, I would consider a combination of funding options depending on the situation. If I had the resources, I would consider bootstrapping to maintain full control of the business.
Bootstrapping or bootstrap financing is the process of self-funding a business. It involves using personal savings or profits generated by the business to finance its growth. Bootstrapping is an ideal option for entrepreneurs who have the resources to fund their businesses and prefer to maintain full control of their companies.
If the business required significant funding, I would consider equity financing, which is the process of selling shares in a company in exchange for funds, to access capital without incurring debt. This option is ideal for startups that require significant funding to grow and scale.
If the business had a steady stream of income, I would consider debt financing, which involves borrowing money from banks or other lenders to take advantage of low-interest rates. This type of financing is suitable for startups that have a steady stream of income or collateral to secure the loan. Debt financing comes with the advantage of not giving up ownership, but it comes with the obligation to repay the loan with interest.
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Glee High School is planning its 20-year class reunion for the class of 2002. In estimating costs for the reunion, the planning committee compiled a number of people in attendance and related total costs for each previous class reunion held. The data was then entered in a spreadsheet program and a regression analysis was performed. The analysis resulted in the following cost behavior equation: Y = 300X + 500 and indicated that 95% of variability in total costs could be explained by the number of people in attendance.
The estimated total cost of the reunion for 200 attendees would be $60,500.
The cost behavior equation given is:
Y = 300X + 500
Where Y is the total cost of the reunion and X is the number of people in attendance. According to the regression analysis, 95% of the variability in total costs can be explained by the number of people in attendance.
Using this equation, the planning committee can estimate the total cost of the reunion based on the expected number of attendees. For example, if they expect 200 people to attend the reunion, the estimated total cost would be:
Y = 300(200) + 500
Y = 60,500
Therefore, the estimated total cost of the reunion for 200 attendees would be $60,500.
It is important to note that this is only an estimate, and actual costs may vary depending on other factors such as venue rental, catering, and entertainment expenses. The planning committee should also consider adding a buffer to the estimated cost to account for unexpected expenses or changes in plans.
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The equilibrium price of a pair of socks is $3. A study comes out that says wearing socks causes you to earn a higher salary. If all other factors are held constant, which of the following scenarios could happen?
The price of a pair of socks increases to $5 because of a demand shift.
The equilibrium price of a pair of socks is $3. If a study comes out that says wearing socks causes you to earn a higher salary, there could be a demand shift in which the price of a pair of socks increases to $5.
A demand shift is a change in the quantity of a commodity demanded as a result of a change in consumer preferences, a change in the price of a related commodity, a change in consumer income, or a change in the size of the consumer population.
This will cause a shift in the demand curve, causing the price and quantity to change.Suppose the study says that wearing socks causes you to earn a higher salary. It's likely that people would want to buy more socks, increasing the demand. This increase in demand causes the demand curve to shift to the right.
The quantity demanded will increase from Q1 to Q2, and the equilibrium price will increase from P1 to P2.If all other factors remain constant, the demand curve shift is the only factor that could cause the price of socks to increase to $5. The equilibrium price of a pair of socks is determined by the intersection of the supply and demand curves. The equilibrium price will change if there is a shift in supply, a shift in demand, or both.
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Peggy (from the preceding exercise) reviews the sales and variance information from her first six months of the year to forecast her revenues for the last six months of the year. She decides to forecast a sales increase of 4. 75 percent to predict her upcoming changes in sales. Help her calculate the projected sales and revenue forecasts for the last six months of the year. Projected Sales Revenue Increase Forecast Month July August September October November December 6-Month Total Predicted Sales Last Year Change $36,587. 91 4. 75% 36,989. 73 4. 75% 40,896. 32 4. 75% 37,858. 63 4. 75% 37,122. 45 4. 75% 37,188. 71 4. 75%
We multiply the monthly sales from last year by 1.0475 to determine Peggy's anticipated sales for the previous six months. The anticipated sales are: $38,284.38 in July, $38,703.21 in August, $40,896.32 in September, $37,858.63 in October, $37,122.45 in November, and $37,188.71 in December.
Based on the sales and variance data from the first six months of the year, Peggy wishes to project her revenues for the remaining six months of the year in the following scenario. To foresee her impending improvements in sales, she chooses to forecast a rise in sales of 4.75%. We multiplied the monthly sales from the prior year by 1.0475 to determine the predicted sales revenue for the previous six months. The anticipated sales are $38,284,38 in July, $38,703,21 in August, $40,896,32 in September, $37,858,63 in October, $37,122,45 in November, and $37,188,71 in December. By doing this, Peggy is able to predict her income for the previous six months and make wise judgements regarding her company's operations, including resource allocation and inventory control.
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A U.S. balance of trade deficit can result from
an increase in exports from the United States.
a decrease in exports to the United States.
a decrease in imports to the United States.
an increase in imports to the United States.
an increase in imports from the United States.
Answer:
An increase in imports to the United States can result in a U.S. balance of trade deficit.
Explanation:
Answer: A decrease in exports to the United States.
Explanation:
Alisha is trying to sell some of her childhood toys at a garage sale, but nobody is buying them. She suspects that she could sell them quickly if she would lower the prices, but she doesn’t want to do that because the items have sentimental value. This is an example of what?
Explanation:
this is example of loss because she will end up selling them at low low prices
Most state and city governments go to great lengths to support
startups.
False
True
True. Many state and local governments have launched a variety of initiatives and programmes to promote and stimulate the growth of startups.
Explain the importance of startup.
Startup foster innovation, generate new employment opportunities, and bring novel goods and services to market, startups are essential to the economy and society. They have the ability to upend established industries and alter the way we live and work by fostering a culture of innovation, taking risks, and experimenting. By creating solutions that enhance people's lives and lessen their detrimental effects on the environment, startups also play a crucial role in tackling social and environmental concerns. Additionally, startups frequently draw bright people who are motivated by the desire to make a difference, resulting in the development of lively and ethnic neighborhoods that can encourage upcoming generations of business owners. In general, startups are crucial for promoting economic growth, social advancement, and a better future for everyone.
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Given,TPL=f(l,k), prove that,MPL and APL are equal at apoint where APL is at its maximum
We know that the total product (TPL) is a function of labor (L) and capital (K), so we can write TPL = f(L, K).
To find the marginal product of labor (MPL), we can take the partial derivative of TPL with respect to labor, holding capital constant:
MPL = ∂TPL/∂L holding K constant.
Similarly, to find the average product of labor (APL), we can divide TPL by the amount of labor used:
APL = is TPL/L.
To find the point where APL is at its maximum, we can take the derivative of APL with respect to labor and set it equal to zero:
dAPL/dL = [d(TPL/L)/dL] = [(dTPL/dL)/L] - TPL/L^2 = (MPL/L) - APL = 0.
Simplifying this equation, we get:
MPL/L = the APL
This equation tells us that MPL and APL are equal when APL is at its maximum. This implies that the production process is operating at its most efficient level, and any additional unit of labor added would result in a decrease in APL.
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because of your education in management, you know that informal communication is important for organizations. which of the following statements is true about organizations? organizations with strong leadership communicate only through formal networks. managers who manage by walking around do so to determine who is responsible for gossip in the organization. the information shared through the grapevine is rarely accurate. grapevines occur in all organizations.
Informal communication is important for organizations because it helps to keep employees connected and informed.
However, it is not true that organizations with strong leadership communicate only through formal networks, or that managers who manage by walking around are doing so to determine who is responsible for gossip.
Gossip is not necessarily inaccurate, but it is often exaggerated or changed as it is shared among employees.
Grapvines occur in all organizations, and although not always accurate, can be useful to managers.
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The Evanec Company's next expected dividend, D1, is $3.18; its growth rate is 6%, and its common stock now sells for $36.00. New stock (external equity) can be sold to net $32.40 per share.
a) What is Evanec's cost of retained earning, rs ?
b) What is Evanec's percentage flotation cost, F ?
c) What is Evanec's cost of new common stock, re ?
a. Evanec's cost of retained earning, rs = Cost of Equity - Growth rate
Cost of equity (ke) is the return required by investors in the company's shares to cover the cost of equity funding of the company. Ke for Evanec is given as follows:
Ke = (D1/Po) + gKe = ($3.18/$36.00) + 6%Ke = 14.50%
Therefore, Evanec's cost of retained earnings rs = 14.50% - 6%rs = 8.50%
b. Percentage flotation cost, F = (Price - Net Proceeds)/Price
Price = $36.00
Net proceeds = $32.40F = ($36.00 - $32.40)/$36.00F = 10%
Therefore, Evanec's percentage flotation cost F = 10%.
c. Cost of new common stock, re = Cost of Equity + Flotation Cost
Cost of equity is 14.50% and the percentage flotation cost is 10%.
Therefore, Evanec's cost of new common stock is as follows:re = 14.50% + 10%re = 24.50%Therefore,
Evanec's cost of new common stock is 24.50%.
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Where is the heat that the Cooling System is reducing generated from ?
A cooling system is used because the internal combustion engine produces very high heat.
Cooling circulation determines the life of the engine and its components. In a car engine, the cooling process is either water or air, but either process works. Although lubricating oil also helps cool engine parts to some extent.
Cars have changed a lot in the last few years, but engine cooling systems haven't changed much. Well, the latest designs are more reliable and efficient when cycling the engine. This design is highly efficient and keeps the engine at a constant temperature. Cooling remains constant even when the outside temperature is 110 degrees Fahrenheit, or 10 degrees below zero. Fuel consumption may worsen and emissions may increase.
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You are an audit senior for EY and have just been assigned to the audit of Rouge Valley Golf and Health Club (RVGH). The partner provided you with the following information.
RVGH is a public company that operates eight clubs in a large city and offers one-year memberships. Membership gives members access to golf and the fitness centre including fitness classes. The members may use any of the eight facilities but must reserve golf time and pay a separate fee before using one of the golf courses. As an incentive, RVGH advertised that any customers who are not satisfied for any reason can receive a refund of the remaining portion of their unused membership fees. Membership fees are recognized as revenue when received. Membership fees are due at the beginning of the individual membership period; however, customers have the option of financing the membership fee over the membership period at an interest rate of 8%.
In the past, some customers have said they would like to take only the regularly scheduled aerobic classes and not pay for the full membership. During the current fiscal year, RVGH began selling coupon books for only aerobic classes to accommodate these customers. Each book is dated and contains 50 coupons that may be redeemed for any regularly scheduled aerobics class over a one-year period. After the one-year period, unused coupons are no longer valid.RVGH recognizes the revenue from the coupon books when the books are sold.
During 2020, RVGH expanded into the health equipment market by purchasing a local company that manufactures elliptical machines. These machines are used in RVGH's facilities and are sold through the clubs and catalogues. Customers must make a 20% down payment when placing an equipment order. RVGH recognizes the down payment as revenue when received. Delivery is in 60 to 90 days after an order is placed. The machines are sold with a one-year unconditional guarantee against defaults. Based on experience, RVGH expects the costs of repairing machines under guarantee to be 4% of sales.
RVGH is preparing financial statements as at May 1, 2022, the end of its fiscal year. Jaymie Hogan, corporate controller, receives a bonus based on the net income. The bank is waiting for the preliminary financial statements in consideration of new debt requested by RVGH.
Instructions
The partner has asked that you write a report in case format in which you identify the financial reporting issues related to RVGH. Further, you are required to analyze the criteria for each issue applying the case facts and include consideration of any impact on the financial statement and users.
This report summarizes the financial reporting issues related to Rouge Valley Golf and Health Club (RVGH) and analyzes the criteria for each issue applying the case facts. The report also includes consideration of the impact on the financial statements and users.
What is financial ?A financial audit is an independent examination of an organization's financial statements and accounting records. The purpose of a financial audit is to determine whether the financial statements are presented fairly and accurately, in accordance with the relevant accounting standards, and whether the financial records are complete and accurate. The audit is typically conducted by a certified public accountant (CPA) or a team of CPAs who are independent of the organization being audited. The CPA(s) will review the organization's financial statements, test the accounting records, and obtain evidence to support the financial information presented. The results of the audit are typically communicated in an audit report, which summarizes the findings and provides an opinion on the accuracy and completeness of the financial statements.
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