Answer:
Intrinsic value of this preferred stock. = $33.33
Explanation:
Given:
Dividend per year = $3
Required rate of return = 9%
Growth rate = 0
Find:
Intrinsic value of this preferred stock.
Computation:
Intrinsic value of this preferred stock. = D / (r - g)
Intrinsic value of this preferred stock. = $3 / (9% - 0)
Intrinsic value of this preferred stock. = $33.33
The Intrinsic value of the preferred stock is $33.33.
Given Information
Dividend per year = $3
Required rate of return = 9%
Growth rate = 0
Intrinsic value of this preferred stock. = D / (r - g)
Intrinsic value of this preferred stock. = $3 / (9% - 0)
Intrinsic value of this preferred stock. = $33.33
Hence, the Intrinsic value of the preferred stock is $33.33.
Therefore, the Option A is correct.
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Fama and French (1992) found that the stocks of firms within the highest decile of book-to-market ratios had an average annual return of _______, while the stocks of firms within the lowest decile of book-to-market ratios had an average annual return of ________. Group of answer choices 13.2%; 16.4% 11.1%; 17.2% 15.6%; 13.1% 17.2%; 11.1%
Answer:
1. 17.2%
2. 11.1%
Explanation:
From Fama and French (1992) research study, titled "The Cross‐Section of Expected Stock Returns," it was concluded that the stocks of firms within the highest decile of book-to-market ratios had an average annual return of 17.2%, while the stocks of firms within the lowest decile of book-to-market ratios had an average annual return of 11.1%
Hence, the correct answer is 17.2% and 11.1% respectively.
An assumption in the economic production lot size model is that there is storage capacity to hold the entire production lot. True False
Answer:
False
Explanation:
An assumption in the economic production lot size model is that there is storage capacity to hold the entire production lot. The statement is False.
What is the lot size model?The traditional economic production lot size (EPL) model makes the assumption that the production rate will always be consistent, rigidly regulated, and of perfect excellence.
On the basis of the requirements and preferences for the order and delivery of products and services, you utilize lot size planning to designate which demand amounts are to be made accessible in which buckets.
The economic order quantity model is generalized to account for the fact that demand for goods changes over time by using the lot-size model in inventory theory.
Therefore, the statement is False.
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g What should the government do in order to ensure the market produces optimal (efficient) quantity
Answer:
For government to ensure that the market produces optimal efficient quantity, it should impose corrective subsidies that will help reduce the producers' marginal costs so that they can equal their marginal revenue.
Explanation:
At the output point where marginal social benefit (MSB) equals marginal social cost (MSC), the socially optimal level of output is achieved, because at any other level of output, a market failure exists. But, for firms, when the marginal cost equals the marginal revenue, optimal efficiency is achieved. So, for the government to achieve optimal efficient quantity that benefits the society, it must intervene to help producers equate their marginal costs to the marginal revenue. The government can do this through correct subsidies given to producers.
Which of the following M&A transaction equations is correct? Review Later Value created = Hard synergies + Soft synergies – Transaction costs Value created = Stand-alone value + Net synergies – Transaction costs Value created = Consideration (price paid) + Net synergies – Transaction costs Value created = Stand-alone value + Net synergies – Consideration (price paid)
Answer: Value created = Hard synergies + Soft synergies – Transaction costs
Explanation: M&A transaction equations refers to equations which are used to describe a merging and acquisition process. The value created refers to Return earned from a business beyond initi expectation. Synergies refers to increased efficiency derived from the contribution of resources. It occurs when joint valuation exceeds the sun of each individual's value.
Hard synergies refers to cost saving as a result of pooled resources.
Soft synergies is attributed to increased yield in profit due to higher revenue.
Transaction cost are expenses incurred towards the merging and acquisition process
There are different kinds of services offered. The M&A transaction equations that is correct is Value created = Hard synergies + Soft synergies - Transaction costs.
Mergers and acquisitions (M&A) is a simply known as a term that shows the the consolidation of companies or assets via the use of different types of financial transactions, such as mergers, acquisitions, consolidations, tender offers, etc.
In this Mergers and acquisitions, if a company takes over another and state itself as the new owner, the purchase is referred to as an acquisition.
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Common purposes for project communications include status reporting and efforts to obtain approval of project outputs.
a) true
b) false
In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variable cost.
Answer:
Until Marginal Revenue = Marginal Cost
Explanation:
In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.
In a move to provide additional sales for U.S. car manufacturers, the White House announced the purchase of 17,600 new fuel-efficient vehicles for the federal fleet. Suppose the new fleet, which includes 2,500 hybrid sedans, will cost $275million. As an accountant in the White House Budget Office (WHBO), you have been asked to calculate the following:Required:a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle? Round to the nearest whole dollar.b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.
Answer:
a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle?
each hybrid car costs $26,000 x 2,500 = $65,000,000
total cost of non-hybrid cars = $275,000,000 - $65,000,000 = $210,000,000
average cost of non-hybrid car = $210,000,000 / (17,600 - 2,500) = $13,907.28 per non-hybrid car
b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.
1,900,000 gallons of gasoline saved per year / 17,600 cars = 107.95 ≈ 108 gallons of gasoline saved per car
27,000,000 pounds of carbon dioxide less per year / 17,600 cars = 1,534.09 ≈ 1,534 pounds of carbon dioxide saved per car
What are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid?
Review companies like Nike and Nestle and identify and address the ethical concerns these companies have raised.
Explanation:
There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.
There are other ethical concerns which are related to advertising and misrepresentation of their products and their services.
These companies understands the characteristics of the advertising and potential dangers that are related to their product.
The PPF between goods X and Y will be a downward-sloping:________.a. straight line if constant opportunity costs exist.b. straight line if decreasing opportunity costs exist.c. curve that is bowed outward if decreasing opportunity costs exist.d. curve that is bowed outward if constant opportunity costs exist.
Answer:
A
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised. The PPF is bowed outward if increasing opportunity costs exist.
As more quantities of good X is produced, there would be fewer resources available to produce good Y. As a result, less of good Y would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of 15 lawyers in the office. What difficulties are you going to have in doing this, and how are you going to overcome it
Answer:
Simply counting number of cases won does not consider other factors like settlement, so a more robust system must be used
Explanation:
In a law firm there are different criteria that can be used to evaluate productivity of lawyers. These include number of cases won, the quality and expertise of opposing counsel, cases that are settled between clients, and number of cases processed.
Since simply counting one of these criteria is not sufficient, we need to get a system that considers them all.
Using a grading system that gives highest percentage score to wins for example 40%.
Cases against against opposing counsel where the lawyers performed well but lost can take a 10% share.
While number of cases processed and cases settled between clients can take 25% each.
This system will consider all the factors that affect performance of the 15 lawyers in the office
Based on the information given to Jeffrey, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Which of the following statements in his report are true? Check all that apply. The company is using -$84.0 million in net operating working capital acquired by investor-supplied funds. The firm uses $1,036.0 million of total net operating capital to run the business. J&H Corp.’s NOPAT is $182.4 million, which is lower than the industry average of $228.0 million. The company has $511.0 million in operating assets and $595.0 million in operating liabilities. J&H Corp. has $98.4 million of net operating capital.
Answer:
Statements that are:
The company is using -$84.0 million in net operating working capital acquired by investor-supplied funds.
The company has $511.0 million in operating assets and $595.0 million in operating liabilities.
Explanation:
The above statements are true and agree with each other. The other statements do not agree with the above statements nor with one another. The name of the company where Jeffrey works is not indicated in the case. There is no evidence to support that the company uses $1,036.0 million of total net operating capital to run the business.
Interpret the measures of central tendency within the context of this problem. Should the company producing the coffee be concerned about the central tendency
Please find attachments for full question
Answer and Explanation:
Measures of central tendency is a central value that summarizes the distribution for a set of data. It could be seen as a middle value or an average that is used to measure most likely value in a probability distribution using a representative value. Central tendency measures include : arithmetic mean, median and mode. From the question, the arithmetic mean, median and mode for the tea bag company are 5.525, 5.53 and 5.54 respectively. The arithmetic mean represents the average distribution of products from which differing values may scew or cause outliers. The median represents distribution of products based on products that fall in between the upper and lower extremes. The mode represents the distribution of products based on how common products occur in sales.
Yes the measure of central tendency is important to the company because it helps the company plan ahead, knowing the average allows production planning to make enough provision to meet demand and production target(not going below or above) while also ensuring there is efficiency in production
Which performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period
Answer: EVA
Explanation:
The performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period is EVA.
EVA helps in assesesing an organization's performance with the basis that profitability of a business is judged on its ability to create wealth for its shareholders.
Classify each characteristic as relating to a fixed exchange rate regime or a flexible, or floating, exchange rate regime.a. signals a commitment not to engage in inflationary policiesb. provides certainty about the value of a currencyc. distorts incentives for importing and exporting goods and servicesd. enables policy makers to engage in monetary policy1. Fixed exchange rate regime 2. Flexible (floating) exchange rate regime
Answer:
(A) Fixed exchange rate regime
(B) Fixed exchange rate
(C) Flexible exchange rate
(D) Flexible exchange rate
Explanation:
(A) A fixed exchange rate regime signals a commitment not to engage in inflationary policies. NOTE: Inflationary policies are a type of monetary policies (the type used to pump money into the economy). See answer (D).
(B) A fixed exchange rate regime provides certainty about the value of a currency, for example, when the exchange rate between Philippine Pesos and Arab Emirate Dollars is fixed at 10PHP - 1AED, traders in this currency will be certain that at any planning time in business, investment or consumption, 10 PHP will be equal to 1 AED.
(C) Flexible exchange rate distorts incentives for importing and exporting goods and services. What are these incentives? On the government side, it is either the revenue that government makes from import tariffs and duties OR the subsidy that government pays on exported goods. On the importer/exporter side, it is the custom duties paid by importers on imported goods AND the subsidies enjoyed by exporters on exported products. A flexible exchange rate distorts or fluctuates these incentives.
(D) Flexible exchange rate enables policy makers to engage in monetary policy. Now, monetary policy is a tool used by ministers of finance or policy makers in every country; to regulate (increase or reduce or bring back to normal) spending and investment. If the exchange rate between or among countries were fixed, monetary policies would have limited application or usefulness when implemented. A flexible exchange rate encourages and enables engagement in or use of monetary policies.
Which of the following statements is true about codes of conduct?
A. Few organizations have written ethical guidelines.
B. Codes are informal ideals about organizational expectations.
C. Codes are designed to resolve every ethical dilemma a company may face.
D. Codes are formal statements describing organizational expectations.
E. Codes are mostly standardized throughout all industries.
Answer:
D. Codes are formal statements describing organizational expectations.
Explanation:
A code of conduct can be defined as a set of agreed rules and regulations, which primarily comprises of what behavior is and isn't acceptable in an organization. Basically, a code of conduct is a formal well-written statements that governs how the employees working in an organization should act on a day-to-day or daily basis.
Hence, the true statement is that codes are formal statements describing organizational expectations.
Additionally, a code of conduct defines the core values, principles, mission, vision in accordance with standards of professional ethics.
Answer:
The answer would be letter C
Explanation:
A manager of a group encourages members of the group to take on additional responsibilities as they see the need. This is an example of:
Answer: role making
Explanation:
From the question, we are informed that a manager of a group encourages members of the group to take on additional responsibilities as they see the need. It should be noted that this is an example of role making.
Role-making simply shows how a person plays a particular role and how the person transforms the expectations expected from him or her into a concrete behavior.
It should be noted that role-making takes place in a setting whereby people negotiate the expectations significant for a role.
The person that most often interact with a customer before and after a purchase has been made in a called a
Answer:
The person that most often interact with a customer before and after a purchase has been made in a called a Salesman
Answer:
Im pretty sure its a salesman
Explanation:
g The process whereby the government acquires the ownership of private property for a public use is called
Answer: c. Condemnation
Explanation:
The Government is allowed by statute to take over the ownership of a private property for public use and this right is called a Condemnation or Eminent Domain.
Should the Government do this however, you will not go empty handed as you are entitled to a compensation worthy of the value of the property possessed.
net income is 180 depreciation is 50 change in asset and liability accounts is 20 what i the cash provided
Answer:
Cash provided by operations is $250
Explanation:
If a company has net income of 180, depreciation of 50, change in asset and liability accounts of $20, then cash provided by the operation is?
Cash flows from operating activities
Net Income $180
Adjustments to reconcile net loss
to net cash flow from operating activities
Add: Depreciation $50
Add: Change in net current assets $20 $70
Cash provided by operations $250
Which of the following are considered in determining a fair and reasonable price in a municipal agency transaction?
A. Availability of the security
B. Expenses associated with affecting the transaction
C. Value of services rendered by the municipal broker
D. Value of any other compensation received in connection with this transaction
Answer: All of the above
Explanation:
To determine a fair and reasonable price in a municipal agency transaction, the things to be considered are:
• Availability of the security
• Expenses associated with affecting the transaction
• Value of services rendered by the municipal broker
• Value of any other compensation received in connection with this transaction.
These are the four main factors that'll have to be considered before a fair price is determined.
Therefore, all the options are correct.
The following information is available for Bandera Manufacturing Company for the month ending January 31:
Cost of goods manufactured $306,090
Selling expenses 102,250
Administrative expenses 54,050
Sales 651,250
Finished goods inventory, January 1 73,590
Finished goods inventory, January 31 67,080
For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income
(a) Bandera Manufacturing Company Cost of Goods Sold January 31
(b) Bandera Manufacturing Company Gross Profit January 31
(c) Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:
a. Purchased $48,300 of materials
b. Used $37,200 of direct materials production.
c. Incurred $55,500 of direct labor wages.
d. Incurred $78,200 of factory overhead. process to finished goods.
e. Transferred $129,900 of work
f. Sold goods for $232,300.
g. Sold goods with a cost of $103,400.
h. Incurred $59,400 of selling expenses .
i. Incurred $26,100 of administrative expense.
Using the information given, complete the following:
a. Prepare the January income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: Total operating expenses
b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. Digital Vibe Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials Work in process Finished goods
Answer and Explanation:
1. The computation of cost of goods sold, gross profit, and net income is shown below:-
a. Cost of goods sold is
Bandera Manufacturing Company
Cost of Goods Sold
For the year January 31
Particulars Amount
Finished Goods Inventory, Jan 1 $73,590
Add: Cost of Goods Manufactured $306,090
Total Goods Available for Sales $379,680
Less: Finished Goods Inventory, Jan 31 $67,080
Cost of Goods Sold $312,600
b. Gross profit is
Bandera Manufacturing Company
Gross Profit
For the year Jan 31
Particulars Amount
Sales $651,250
Less: Cost of Goods Sold $312,600
Gross Profit $338,650
c. Net income is
Bandera Manufacturing Company
Net Income
For the year Jan 31
Particulars Amount
Gross Profit $338,650
Operating Expenses
Selling expenses $102,250
Administrative expenses $54,050
Less: Total Operating Expense $156,300
Net Income $182,350
2. a. The preparation of January income statement for Digital Vibe Manufacturing Company is shown below:-
Digital Vibe Manufacturing Company
Income Statement
For the Month Ended January 31
Particulars Amount
Sales $232,300
Less: Cost of goods sold $103,400
Gross profit $128,900
Less: Operating expense
Selling expense $59,400
Administrative expense $26,100
Total operating expense $85,500
Net income $43,400
b. The computation of Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances are shown below:-
Particulars Amount
Materials purchased $48,300
Less: Materials used for production $37,200
Ending balance of materials $11,100
Particulars Amount
Materials used for production $37,200
Add: Direct labor wages $55,500
Add: Factory overhead $78,200
The total cost of manufacturing $170,900
Less: Transferred to finished goods $129,900
Ending balance of work-in-process $41,000
Transfer from work-in-process $129,900
Less: Cost of goods sold $103,400
Ending balance of finished goods $26,500
Discuss examples of recent macropolitical risk events and the effect they have or might have on a foreign subsidiary. What are micropolitical risk events
Answer:
Explanation:
Micropolitical risk events are typically events that takes place which have effects on companies that are within a country and doesn't have effect on companies which are in foreign countries
An example was when Iraq was invaded by the United States. This resulted in a halt in international business within the countries.
There was a huge rise in gas price which affected individuals and firms as economic agents weren't prepared for the crisis. Other possible effects include:
• It can lead to dishonesty by the government officials.
• Barriers to economic development
• Forced sales of equity by companies.
On November 7, Mura Company borrows $360,000 cash by signing a 90-day 9% 5360.000 note payable 1 Compute the accrued interest payable on December 31 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5. Complete this question by entering your answers in the tabs below Reg 1 Reg 2 and 3 Compute the accrued interest payable on December 31. 100 days a year. Do not round your intermediate codations Principal X Rate (%) X Time = interest Total through matunty %Year and interest acces %Interest recognized February 5 %
Answer:
November 7, 202x, cash loan obtained at 9%
Dr Cash 360,000
Cr Notes payable 360,000
December 31, 202x, accrued interest
Dr Interest expense 4,770
Cr Interest payable 4,770
I's using a 360 day year for calculating interest payable. When you use a 360 day year, all months have only 30 days (including December). Interest expense = $360,000 x 9% x 53/360 days = $4,770
February 5, 202y, cash loan repaid
Dr Notes payable 360,000
Dr Interest expense 3,330
Dr Interest payable 4,770
Cr Cash 368,100
Interest expense = $360,000 x 9% x 37/360 days = $3,330
Which of the following is NOT an individual characteristic influencing consumer behavior? A) culture. B) attitudes. C) task definition. D) social class. E) motivation.
Answer:
D
Explanation:
The individual characteristic which doesn't influence the behavior of a consumer is the task definition which is considered to be part of a consumer's ability.
Option C is the correct answer.
What is consumer behavior?Consumer behavior is a method of studying the activities of individuals, firms, or other groups. The activities can be related to the purchase or disposal of any product or service.
All the provided characteristics of an individual influence the consumer behavior but a task is not a characteristic rather it's an assignment of any work or job which is allowed to be done by the consumer. The task can be of anything whether to buy or to consume the goods or services by a consumer.
Therefore, the task definition is the ability of an individual and not its characteristic.
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The ROA for financial institutions such as banks is typically quite low as compared to non-financial firms. Why? With such a low ROA, how can banks attract stockholders?
Answer:
ROA = return on assets = income / average total assets
Banks are in the business of receiving money (liabilities) and lending money (assets), and their profit is made for the difference that they pay for deposits and the money that they charge for loans. That is why assets and liabilities are very large for banks, while equity tends to be very small compared to liabilities.
For example, the average debt to equity ratio for banks range from 2 to 3, depending on whether they are commercial or investment banks. Assuming a debt to equity ratio of 3, liabilities represent 75% of the banks assets while equity represents only 25%. That is why a small ROA can represent a large ROE (return on equity).
Brokers prepare a broker file that has all of the documents that may have a material effect upon the rights or obligations of a party to the transaction. The retention period is:
Answer:
One year from the date of the listing if the transaction is not consummated.
Explanation:
Retention period is the number of years as enforced by the law that a certain records must be kept compulsorily before it is eligible for destruction. The retention period shall be 1 one year from the date of the from the date of listing or closing of the transaction if the transaction is not consummated. Retention period is generally in many cases is 1 year and not more than that.
Item 1Item 1 Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $486,000. Current sales total 18,500 units. If Narchie sells 29,000 units, its safety margin will be:
Answer:
$235,000
Explanation:
The computation fo the safety margin is shown below:
As we know that
Margin of safety = Expected sales - break even sales
where,
Expected sales is
= 29,000 units × $50
= $1,450,000
And, the break even sales is
= Fixed cost ÷ contribution margin per unit
= $486,000 ÷ ($50 - $50 × 0.60)
= $486,000 ÷ $20
= 24,300 units
And, the selling price is $50
So the break even sales is
= 24,300 units × $50
= $1,215,000
So, the safety margin is
= $1,450,000 - $1,215,000
= $235,000
"a business that is part of the health care industry should expect regulations to come into play that"
Answer:
The health care industry is heavily regulated by federal and state legislation. Regulation plays a major role in the health care industry and health care insurance coverage. The various regulatory bodies protect the public from a number of health risks and provide numerous programs for public health and welfare.
Ford Motor Company has a 1.40 beta. If the overall stock market increases by 8 percent, how much will Ford change?
Answer:
11.2
Explanation:
Your formula would be I = Overall market increased * Beta
"I" being Fords increase
so just plug in and solve
So your volatility would be 11.2
"Which stage of the product life cycle has (1) establishing a strong, defensible market position, and (2) achieving financial objectives that repay investment as its main priorities?"
Answer:
The growth stage
Explanation: The growth stage is the stage in the product life cycle that signifies when the product continues to achieve its full potential, more sales, more revenue and profits are earned by the organisation. During this stage Organisations achieve their financial objectives that helps to repay investors and gives investors confidence and good value for their money, during this stage of the product life cycle a strong market position and competitive advantage is achieved by the product.