The term that refers to the value of this investment one year from now is future value. Future value refers to the amount that an investment will be worth at a future date if it earns a specified rate of interest over a specified period of time.
The value of Shelley's winnings, discounted at her discount rate, is referred to as the present value. The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
The process of determining the present value of future cash flows in order to know their worth today is called discounted cash flow valuation. Discounted cash flow valuation is a method used to determine the value of an investment by discounting future cash flows back to their present value using a discount rate.
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DRUG PRICES: MARKET PRICING OR PRICE GOUGING? Drug makers persist in raising prices far beyond the rate of inflation. 2-Why would pharmaceutical companies choose to raise prices in direct contradiction to the President's request to hold them level?
Pharmaceutical companies choose to raise prices in direct contradiction to the President's request to hold them level because they want to earn profits. They want to make money as much as possible.
The manufacturers persist in raising drug prices far beyond the rate of inflation because of the following reasons:
Making more profits – Pharmaceutical companies raise prices to make more profits from the customers. They do so to offset the increased cost of research and development of new drugs they introduce into the market.Greediness – Pharmaceutical companies may also raise prices because of greediness.
They do not care about the welfare of customers, but their goal is to make more profits. Patent protection – Pharmaceutical companies hold patent protection over a drug for a certain number of years. During this time, the company has the right to sell the drug for more than 100% of the cost of production.
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Discuss a new concepts that you have learned in this class and how they will be helpful in the workplace.
Expert Answer
The answer to the question is that the new concept learned in this class is the ability to work with a diverse team.
The concept of diversity has become increasingly essential in today's job market. One of the new concepts that I have learned in this class is the importance of being able to work with a diverse team. In the workplace, one is likely to work with people from various backgrounds, cultures, religions, and even gender.
Diversity in the workplace can bring a variety of perspectives and ideas to the table. It can also foster an environment of inclusiveness, where everyone feels heard and respected. This can result in higher employee morale and increased job satisfaction. In addition, having a diverse team can benefit an organization's bottom line. It can increase the company's ability to compete in the global marketplace by expanding its customer base and providing a wider range of products or services.
In conclusion, being able to work with a diverse team is a crucial skill that I have learned in this class. It will be helpful in the workplace by improving communication, fostering inclusiveness, and increasing productivity.
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When long-term debt investments are accounted for using the
amortized cost (AC) method?
Select one:
a. the book value is not adjusted to the investments’ fair value
at the end of the accounting so,
When long-term debt investments are accounted for using the amortized cost (AC) method, the book value is not adjusted to the investments’ fair value at the end of the accounting period. In the amortized cost method, the investor accounts for the long-term debt investment at its initial cost.
Subsequently, it adjusts the book value for the amount of interest earned and the amortization of any premium or discount on the investment. This is done until the long-term debt investment is fully repaid. Therefore, the book value of the long-term debt investment will always be less than its fair value. This is because the fair value includes the changes in interest rates and market conditions that can affect the value of the investment. Thus, the amortized cost method is used when the long-term debt investment is intended to be held until maturity and the investor wants to avoid fluctuations in the fair value of the investment over time.
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Discuss 3 reasons of why EU countries have high volumes of
mutual trade flows
The European Union has a single market, which allows for free trade and movement of goods and services. As a result, EU countries have high volumes of mutual trade flows.
The following are three reasons why EU countries have high volumes of mutual trade flows: Shared geographical proximity EU countries share a geographical proximity, and trade between them is aided by their close proximity. This proximity is one of the main reasons why the volume of mutual trade flows is high among EU countries. They have a better understanding of each other's market, trading laws and regulations
Shared trading policies The EU has common trading policies, which encourage member states to trade among themselves. By signing up for common trading policies, EU countries are bound by the same rules, regulations and standards. This has facilitated free trade among EU member states, which, in turn, has boosted mutual trade volumes.
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For this assignment, you are required to do the following:
1. Select the field of study that you are interested in"business
development manager role for manufacturing company". In the
selected field o
The Business Development Manager Role for Manufacturing Company is a critical position that requires a certain set of skills, experience, and competencies to succeed. This role requires a deep understanding of the manufacturing industry and the processes involved in product development, as well as sales and marketing.
The primary responsibility of the Business Development Manager is to identify new business opportunities and develop strategies to increase revenue and profitability. This involves working with customers, partners, and other stakeholders to understand their needs and develop customized solutions that meet their specific requirements.
To be successful in this role, a Business Development Manager must possess excellent communication skills, both verbal and written, as well as strong interpersonal skills. They must be able to work effectively with people at all levels of the organization and build strong relationships with key stakeholders.
In addition, a Business Development Manager must have a strong understanding of sales and marketing principles and be able to develop and execute effective sales and marketing campaigns. They must be able to analyze market trends and develop strategies to capitalize on emerging opportunities.
Other key competencies for the Business Development Manager Role for Manufacturing Company include project management, financial analysis, and strategic planning. They must be able to manage complex projects and deliver results on time and within budget. They must also be able to analyze financial data and develop business plans that align with the company's overall strategic objectives.
Overall, the Business Development Manager Role for Manufacturing Company is an exciting and challenging position that requires a unique set of skills and competencies. Those who are successful in this role are able to identify new business opportunities, develop effective strategies, and deliver results that drive growth and profitability.
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most manufacturing items and their components are defined by part 2 a. group technology. b. the make-or-buy decision. c. an engineering drawing. d. a bom.
d. a bom (bill of materials).
A bill of materials (BOM) is a comprehensive list of all the raw materials, components, and sub-assemblies required to manufacture a finished product. It provides detailed information about the quantities, descriptions, and relationships between the different parts needed for production.
A BOM serves as a central document that defines the structure and composition of a product. It includes information such as part numbers, descriptions, specifications, quantities, and sometimes even the sources or suppliers of each component. By having a clear and accurate BOM, manufacturers can ensure that they have all the necessary materials to build their products and maintain consistency in their production processes.
The BOM is used in various stages of manufacturing, including procurement, inventory management, production planning, and quality control. It helps manufacturers determine their material requirements, estimate costs, track inventory levels, and facilitate smooth production workflows.
Therefore, a BOM is the most common and appropriate document that defines the components and structure of manufacturing items.
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When you go to a store, you want to know whether things are high quality or low quality and whether they are underpriced or overpriced. When buying goods, you do this in many different ways - you comparison shop, check for sales, read online reviews, and consult professional surveys (such as Consumer Reports magazine). Let's zero in on that last one: the professionals who review products and say which ones are high-quality and well-priced.
Equity analysts like Alberto Moel are the Consumer Reports of capital markets. They look at the equity values of companies and make judgments on the relationship between a company’s value and their current price. On the basis of their analysis, they makes a final call - buy, hold or sell.
Analysts need information to do this important task, and they spend most of their days on the phone trying to get it. Who do you think they are on the phone with?
Equity analysts are the Consumer Reports of capital markets. They look at the equity values of companies and make judgments on the relationship between a company's value and their current price. On the basis of their analysis, they make a final call - buy, hold or sell.
Who are they on the phone with?
Equity analysts are usually on the phone with the following people to get information:
Management: Management is usually the first point of contact for the analyst. Analysts may reach out to the management of a company for clarity on certain aspects of the business such as strategy, outlook, management style, etc. In some cases, the management may even offer up information without being prompted to gain investor interest.
Customers and competitors: Analysts reach out to the customers of a company for feedback and opinions on the company's products and services. Competitors may also be contacted to get a better understanding of the competitive landscape and how the company is doing compared to its peers.
Industry experts: Analysts contact industry experts for their opinions on the industry and the company. They may also ask for industry data to form the basis of their analysis.Regulators: Equity analysts may reach out to regulators for information on the regulatory environment in which the company operates. Analysts need to understand how regulatory changes may affect the company's financial performance.
Other experts: Equity analysts may reach out to other experts such as accountants and auditors to get an understanding of the company's financials and how they are being accounted for.
Overall, equity analysts are on the phone with a wide range of people and organizations to get information that will help them form an opinion on the company.
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according to circular 21, as long as a teacher doesn't copy more than three illustrations from a book, it is fair use.
According to Circular 21, as long as a teacher doesn't copy more than three illustrations from a book, it is fair use. To be more specific, Circular 21 is the part of the copyright law that outlines the rules for fair use of copyrighted material.
Under the "fair use" doctrine, teachers and other educators are permitted to make copies of copyrighted works without getting permission from the copyright holder as long as certain conditions are met. These conditions include the purpose of the use, the nature of the copyrighted work, the amount and substantiality of the portion used in relation to the copyrighted work as a whole, and the effect of the use upon the potential market for or value of the copyrighted work.The three-illustration rule means that teachers can copy up to three illustrations from a book without permission from the copyright owner, as long as the use is for nonprofit educational purposes, the copies are made by the teacher, and the copies are not sold for profit. Any use of copyrighted material that does not meet the requirements of fair use may be considered infringement and could result in legal action.
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Use an aggregate demand/aggregate supply diagram that begins in long-run equilibrium to illustrate the impact of each of the following events on the U.S. economy. Be sure to include the AD, SRAS, and LRAS curves on the graph. Start the graph in long-run equilibrium and shift the appropriate curve in the appropriate direction in response to each part. Show whether each event cause an economic boom or recession? What happens to GDP, the unemployment rate, and the general price level? Draw a separate graph for each part of the question.
a. Increased fear of recession
b. Increase in oil prices
c. An increase in real wealth (perhaps because of an increase in the stock market or an increase in home values)
d. An increase in the real interest rate
e. Decrease in oil prices
2. Refer to parts b. and e. in question #1. How is long run equilibrium restored in the face of a supply shock?
3. Refer to part c. in question #1. How is long run equilibrium restored if the economy self corrects (meaning no fiscal or monetary policy is used in response)?
4. Refer to part d. in question #1. How is long-run equilibrium restored if the economy self corrects?
Aggregate Demand and Supply curves demonstrate the changes in the general price level and the amount of GDP produced in the country.
Long-run equilibrium depicts the conditions of the economy when there is neither a recessionary nor an inflationary gap, which implies that all production resources are used efficiently. A few events impact the economy, let us see how these events affect the economy on a graph.
Increased fear of recession: In the event of an increase in fear of recession, the aggregate demand (AD) curve shifts to the left. SRAS and LRAS curves remain constant. The economy enters the recession period. In the short term, the general price level decreases, and the GDP decreases.
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Susan, a systems engineer at Mark and Stefunn, is highly satisfied with her job because of the recognition she gets from her manager. The presence of constant opportunities for career growth and job responsibilities also adds to her satisfaction. According to Herzberg's theory, which of the following is a reason for Susan's job satisfaction?
a.
The presence of motivation factors
b.
The absence of manifest needs
c.
Insufficient hygiene factors
d.
Sufficient existence needs
The reason for Susan's job satisfaction according to Herzberg's theory is the presence of motivation factors. Herzberg's theory classifies workplace factors into two: hygiene factors and motivational factors.
Motivation factors refer to job conditions that could lead to job satisfaction because they serve to fulfil the individual's self-actualization needs or growth needs. Recognition, achievement, growth, responsibility, and other job-related opportunities are examples of motivation factors.What are hygiene factors?Hygiene factors refer to working conditions that can lead to job dissatisfaction if absent or inadequate. Salary, job security, organizational policies and regulations, and interpersonal relationships are examples of hygiene factors. In conclusion, Susan's job satisfaction is due to the presence of motivation factors.
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5. Last week, Meerai and her friend Sean organized a school group to raise funds for AIDS research. Yesterday, on their desks, they both found crudely-drawn cartoons making fun of people who are bisexual. Last night, several students shouting anti-LGBTQ comments verbally attacked them on the street opposite the school yard. Their teacher saw the cartoons and has heard rumours of the verbal attack, but feels that nothing can be done because the attack took place off the school premises. Neither student has complained to school officials. Have the students violated Meerai and Sean's human rights?
Yes, the students have violated Meerai and Sean's human rights. Human rights are a set of rights that belong to everyone, regardless of their gender, race, religion, nationality, or any other aspect. Human rights are a set of basic rights that should be protected and ensured for everyone without discrimination of any kind.
The Universal Declaration of Human Rights (UDHR), adopted by the United Nations General Assembly in 1948, contains a list of fundamental human rights that should be safeguarded in all societies. Some of the essential rights included in the UDHR are the right to life, liberty, and security of person; freedom from torture and slavery; freedom of opinion, expression, and religion; and the right to work and an education. As per the scenario mentioned in the question, the students have violated Meerai and Sean's human rights because they shouted anti-LGBTQ comments verbally and also drew cartoons which are making fun of people who are bisexual. Human rights violations can occur when people's rights are violated because of their race, gender, religion, ethnicity, nationality, or any other aspect. It is the responsibility of everyone to respect and protect the human rights of all individuals.
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Select the Income Statements and Balance Sheets of two corporations from the same sectors of the year 2020 from Saudi Stock Exchange and calculate the following financial ratios: a. Market Value added (as of Dec 31, 2020) b. Economic value added (Use 10% as Cost of capital, and 5% as Tax rate) c. Long-term debt ratios For the company SABIC Agri-Nutrients Co. Al Yamamah Steel Industries Co. 22:52
SABIC Agri-Nutrients Co. is one of the leading agrochemicals, fertilizers, and melamine producers in Saudi Arabia. Al Yamamah Steel Industries Co. is a steel manufacturing company. Below are the financial ratios for both companies for the year ended December 31, 2020, along with their income statements and balance sheets.
Market Value Added (MVA)The MVA is a financial ratio that assesses how well a corporation is using its resources to create wealth for its shareholders. MVA is the difference between a company's market capitalization and its shareholders' equity. MVA = Market capitalization - Shareholders' equitySABIC Agri-Nutrients Co.Market capitalization = SR 39,560 millionShareholders' equity = SR 11,948 millionMVA = SR 39,560 million - SR 11,948 million = SR 27,612 millionAl Yamamah Steel Industries Co.Market capitalization = SR 1,073 millionShareholders' equity = SR 360 millionMVA = SR 1,073 million - SR 360 million = SR 713 millionEconomic Value Added (EVA)EVA measures the company's ability to generate wealth in excess of its cost of capital.
EVA = Net Operating Profit After Taxes (NOPAT) - (Cost of Capital x Total Invested Capital)SABIC Agri-Nutrients Co.NOPAT = SR 3,568 millionTotal Invested Capital = SR 30,283 millionCost of Capital = 10%Tax rate = 5%NOPAT - (Cost of Capital x Total Invested Capital) = SR 3,568 million - (10% x SR 30,283 million) = SR 69 millionAl Yamamah Steel Industries Co.NOPAT = SR 21 millionTotal Invested Capital = SR 1,078 millionCost of Capital = 10%Tax rate = 5%NOPAT - (Cost of Capital x Total Invested Capital) = SR 21 million - (10% x SR 1,078 million) = SR -1 millionNote: In the case of Al Yamamah Steel Industries Co., the cost of capital is greater than the NOPAT, indicating that the company has not generated sufficient returns to cover its capital.
Long-Term Debt RatioThe long-term debt ratio calculates the proportion of a corporation's long-term debt to its total assets. Long-Term Debt Ratio = Long-Term Debt / Total AssetsSABIC Agri-Nutrients Co.Long-Term Debt = SR 8,962 millionTotal Assets = SR 44,630 millionLong-Term Debt Ratio = SR 8,962 million / SR 44,630 million = 20.1%Al Yamamah Steel Industries Co.Long-Term Debt = SR 351 millionTotal Assets = SR 1,708 millionLong-Term Debt Ratio = SR 351 million / SR 1,708 million = 20.5%In conclusion, SABIC Agri-Nutrients Co.'s MVA and long-term debt ratios are higher than Al Yamamah Steel Industries Co.'s. However, Al Yamamah Steel Industries Co. has a negative EVA, indicating that it has not generated enough returns to cover its capital costs.
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geoquant inc. wants to expand its market globally. the company wants to guarantee, as much as possible, that its mode of foreign entry permits the firm to protect its intellectual property and have solid control over operations. therefore, it is highly probable that the firm will need to invest a substantial amount of capital and additional resources. which foreign entry mode would be best for geoquant inc.?
Based on the information provided, a foreign entry mode that would be best for GeoQuant Inc. to expand its market globally while protecting its intellectual property and maintaining control over operations is a wholly-owned subsidiary.
A wholly-owned subsidiary refers to a foreign market entry strategy where a company establishes a new subsidiary in a foreign country, with full ownership and control. This entry mode allows GeoQuant Inc. to have maximum control over its operations and intellectual property in the global market.
By establishing a wholly-owned subsidiary, GeoQuant Inc. can ensure that its intellectual property is protected as it retains full ownership and control over the subsidiary. This means that the company can implement its own strategies, policies, and practices to safeguard its intellectual property from potential infringement or theft.
Furthermore, a wholly-owned subsidiary enables GeoQuant Inc. to have direct oversight and control over the subsidiary's operations. This allows the company to maintain consistent quality standards, enforce its business model, and ensure that its operations align with its overall global strategy.
However, it's important to note that establishing a wholly-owned subsidiary requires a substantial amount of capital and additional resources, as mentioned in the question. GeoQuant Inc. will need to invest in setting up the subsidiary, acquiring assets, hiring local talent, and complying with local regulations.
In conclusion, establishing a wholly-owned subsidiary would be the best foreign entry mode for GeoQuant Inc. as it allows the company to protect its intellectual property and maintain solid control over operations in the global market. However, it's crucial for GeoQuant Inc. to carefully evaluate the financial implications and resources required before pursuing this entry mode.
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how your own health beliefs impact the management of one of your
personal life stressors. How can the Health Belief Model provide
any new insights?
Health beliefs are assumptions about the meaning, value, and significance of illnesses, health, and health care. How your own health beliefs impact the management of one of your personal life stressors can be analyzed using the Health Belief Model.
The Health Belief Model (HBM) is a theoretical framework that helps explain why individuals engage in health-promoting activities. It is based on the idea that individuals’ actions are influenced by their perceptions of a threat and the benefits and barriers to addressing that threat.The Health Belief Model may provide fresh insights for resolving stressors because it considers individual perceptions of illness and the benefits and drawbacks of taking action. The model argues that individuals are more likely to take preventative measures or engage in beneficial behaviors if they perceive a threat to their health and if they believe that the benefits of taking action outweigh the drawbacks.Furthermore, the HBM states that a person’s likelihood of adopting a certain health behavior is affected by their awareness of their susceptibility to a disease, the severity of the illness, and the benefits and barriers of preventive actions.
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On March 17, Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is $1,360,000. The patent is expected to benefit the company for the next five years. The company had the following additional costs: $36,000 in legal fees associated with the purchase and filing of the patent, $51,000 to advertise its new laser surgery techniques, and $61,000 to train employees. None of these additional costs were included in the purchase price or paid to the seller. Now assume that instead of purchasing the patent, Advanced Technologles spent $1,360,000 to develop the patent internally, consisting of personnel. ($880,000), equipment ($348,000), and materials ($132,000). All additional costs were incurred for the same amount. What is the recorded cost of the patent?
The recorded cost of the patent is $1,508,000.
This is an example of purchasing intangible assets. Intangible assets are items that don't have a physical substance but instead have value based on the rights they provide the owner. A patent is one of the most common types of intangible assets. For an intangible asset to be recorded on the balance sheet, the following criteria should be met:
It must have identifiable, separable rights or economic benefits
It must arise from legal rights or contractual agreements
It must be able to be separated from the company and sold without affecting normal operations
In this question, Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is $1,360,000. The patent is expected to benefit the company for the next five years. The company had the following additional costs: $36,000 in legal fees associated with the purchase and filing of the patent, $51,000 to advertise its new laser surgery techniques, and $61,000 to train employees. None of these additional costs were included in the purchase price or paid to the seller.
The recorded cost of the patent is $1,408,000
The breakdown is as follows: Patent purchase cost: $1,360,000
Legal fees associated with the purchase and filing of the patent: $36,000
Cost to advertise the new laser surgery techniques: $51,000
Cost to train employees: $61,000
Total recorded cost of patent: $1,408,000
Now assume that instead of purchasing the patent, Advanced Technologies spent $1,360,000 to develop the patent internally, consisting of personnel ($880,000), equipment ($348,000), and materials ($132,000). All additional costs were incurred for the same amount. The total cost of the patent if developed internally is $1,508,000The breakdown is as follows: Personnel: $880,000
Equipment: $348,000
Materials: $132,000
Legal fees associated with the development and filing of the patent: $36,000
Cost to advertise the new laser surgery techniques: $51,000
Cost to train employees: $61,000
Total recorded cost of patent: $1,508,000
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Aneko Company reports the following: net sales of $19,500 for Year 2 and $18,525 for Year 1 , end-of-year total assets of $18,800 for Year 2 and $17,700 for Year 1 1. Compute its total asset tumover for Year 2. 2. Aneko's competitor has a turnover of 20 . Is Aneko performing better or worse than its competitor based on total asset turnover? Complete this question by entering your answere in the tabs below. Compute its total asset turnover for Year 2. Aneko Company reports the following: net sales of $19,500 for Year 2 and $18,525 for Year 1 ; end-of-year total assets of $18.300 for Year 2 and $17,700 for Year 1 1. Compute its total asset tumover for Year 2 . 2. Aneko's competitor has a tumover of 20 . is Aneko performing better or worse than its compettor based on total asset furnover? Complete this question by entering your answers in the tabs below. Aneko's competitor has a tumover of 2.0. Is Aneko performing better or worse than its competitor based on total asset turnover? Is Aneko performing better or worse than its competitor based on total asset turnoves?
1. Computation of Aneko Company's Total Asset Turnover for Year 2:Total Asset Turnover = Net Sales / Average Total Assets Average Total Assets = (Ending Total Assets + Beginning Total Assets) / 2
Ending Total Assets for Year 2 = $18,800Beginning Total Assets for Year 2 = Ending Total Assets for Year 1 = $17,700Therefore, Average Total Assets = ($18,800 + $17,700) / 2 = $18,250Total Asset Turnover = Net Sales / Average Total Assets = $19,500 / $18,250 = 1.07
Therefore, Aneko Company's total asset turnover for Year 2 is 1.07.2. Comparison of Aneko Company's and its Competitor's Total Asset Turnover: Total Asset Turnover is a measure of a company's efficiency in utilizing its assets to generate sales.
Higher Total Asset Turnover indicates better efficiency and is preferred in comparison to a lower turnover. In this case, Aneko's competitor has a Total Asset Turnover of 2.0. Whereas, Aneko's Total Asset Turnover is 1.07. T
hus, Aneko Company is performing worse than its competitor based on Total Asset Turnover.
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one of dean's premises this week is that while most of us think about leadership as a title, we can actually lead without the formal authority of being the boss, the manager, or the founder of the business. which two words describes this? one of dean's premises this week is that while most of us think about leadership as a title, we can actually lead without the formal authority of being the boss, the manager, or the founder of the business. which two words describes this? paid vs volunteer structural vs relational titled vs assumed
The two words that describe the idea that leadership can exist without formal authority are "structural vs relational" and "titled vs assumed".
Structural vs relational" refers to the difference between leadership based on a formal organizational structure (such as being the boss or manager) and leadership based on relationships and influence.Titled vs assumed" highlights the contrast between leadership that comes from having an official title or position and leadership that is assumed or taken on voluntarily, regardless of one's formal role.
These two sets of words emphasize the idea that leadership can transcend formal authority and be based on personal qualities, relationships, and influence. It challenges the notion that leadership is solely defined by a title or position.
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Alpha Products Inc. is considering a project with the purchase of $1.4 million in new equipment. The equipment belongs in a 20% CCA class. Alpha expects to sell the equipment at the end of the project for 20% of its original cost. Annual sales from this project are estimated at $1.2 million. Net working capital equal to 20% of sales will be required to support the project. All of the net working capital will be recouped at the end of the project. The firm desires a minimal 14% rate of return on this project. The tax rate is 34% and the project is expected to last 7 years. What is the present value of the CCA Tax Shield associated with the project? $95,913 B) $262,807 (C) $244,427 (D) $22,380
To calculate the present value of the CCA (Capital Cost Allowance) tax shield associated with the project, we need to follow these steps:
1. Determine the annual CCA tax shield.
2. Calculate the present value of the annual tax shield using the desired rate of return.
Step 1: Calculate the annual CCA tax shield
The CCA tax shield is the tax savings resulting from claiming CCA on the equipment. The CCA tax shield can be calculated using the formula:
CCA Tax Shield = CCA Rate * Equipment Cost * Tax Rate
In this case, the CCA rate is 20%, the equipment cost is $1.4 million, and the tax rate is 34%.
CCA Tax Shield = 0.20 * $1,400,000 * 0.34
CCA Tax Shield = $95,200
Step 2: Calculate the present value of the annual tax shield
To calculate the present value of the annual tax shield, we need to discount the future tax shield amounts to their present value using the desired rate of return.
PV of Tax Shield = CCA Tax Shield * Present Value Factor
The present value factor can be calculated using the formula:
Present Value Factor = (1 - (1 + r)^(-n)) / r
Where:
r = discount rate (14% or 0.14)
n = number of years (7)
Present Value Factor = (1 - (1 + 0.14)^(-7)) / 0.14
Present Value Factor = 4.11147
PV of Tax Shield = CCA Tax Shield * Present Value Factor
PV of Tax Shield = $95,200 * 4.11147
PV of Tax Shield ≈ $392,398
Therefore, the present value of the CCA Tax Shield associated with the project is approximately $392,398.
None of the provided answer choices match the calculated value.
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aging of receivables schedule july 31 customer balance not past due 1-30 days past due 31-60 days past due 61-90 days past due over 90 days past due subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 boyd industries 36,000 36,000 hodges company 11,500 11,500 kent creek inc. 6,600 6,600 lockwood company 7,400 7,400 van epps company 13,000 13,000 totals 1,124,500 607,400 233,000 121,600 96,500 66,000 percentage uncollectible 1% 3% 12% 30% 75% allowance for doubtful accounts 106,106 6,074 6,990 14,592 28,950 49,500 assume that the allowance for doubtful accounts for evers industries has a credit balance of $8,240 before adjustment on july 31. journalize the adjusting entry for uncollectible accounts as of july 31. if an amount box does not require an entry, leave it blank. july 31 bad debt expense bad debt expense bad debt expense 0 allowance for doubtful accounts allowance for doubtful accounts 0 allowance for doubtful accounts feedback area
The journal entry for the adjusting entry for uncollectible accounts as of July 31 is: Bad Debt Expense $154,037 to Allowance for Doubtful Accounts $154,037
To journalize the adjusting entry for uncollectible accounts as of July 31, we need to calculate the amounts for bad debt expense and the allowance for doubtful accounts based on the percentage uncollectible for each aging category.
Here is the journal entry:
Date: July 31
Bad Debt Expense Debit
Allowance for Doubtful Accounts Credit
Calculations:
1-30 days past due:
$607,400 x 3% = $18,222 (rounded to nearest dollar)
31-60 days past due:
$233,000 x 12% = $27,960 (rounded to nearest dollar)
61-90 days past due:
$121,600 x 30% = $36,480 (rounded to nearest dollar)
Over 90 days past due:
$96,500 x 75% = $72,375 (rounded to nearest dollar)
Total bad debt expense:
$18,222 + $27,960 + $36,480 + $72,375 = $154,037 (rounded to nearest dollar)
After calculating the bad debt expense, we need to adjust the allowance for doubtful accounts by the same amount:
Allowance for Doubtful Accounts = $154,037
Therefore, the journal entry for the adjusting entry for uncollectible accounts as of July 31 is:
Bad Debt Expense $154,037
Allowance for Doubtful Accounts $154,037
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ellupro, a company that desigrhed and manufactured cell phones, had a unique design to their procucts and a particular celar for their hones and packaging. This design and color is known as Maltiple Choice a service mark trade dresis. a fanciful markic. trade style.
Ellupro, a company that designed and manufactured cell phones, had a unique design to their products and a particular color for their phones and packaging. This design and color are known as a service mark trade dress.
A service mark trade dress is a type of trade dress that is used to identify a particular company's services. It is used to distinguish a company's services from those of its competitors.
The design of Ellupro's products was unique, and it was easily recognizable. The color of the phones and packaging was also distinct, and it helped to create a strong brand identity for the company. The service mark trade dress helped Ellupro to differentiate its products from those of its competitors and establish a strong brand identity in the market.
The service mark trade dress is a valuable asset for Ellupro, as it helps the company to build customer loyalty and brand recognition. By using the same design and color for all of its products, Ellupro is able to create a consistent brand identity that customers can easily recognize.
In conclusion, Ellupro's unique design and color for its cell phones and packaging are known as a service mark trade dress. This type of trade dress is used to distinguish a company's services from those of its competitors and helps to create a strong brand identity in the market.
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The manufacturer of Brand X floor polish is developing a new polish that they hope will dry faster than the competition’s polish. The competition’s polish is advertised to have an average (median) drying time of 7 minutes. In a random sample of 1300 polishes with the new polish, 900 of the polishes dried in less than 7 minutes. Without making any assumptions about the distribution, can the manufacturer conclude that the median drying time for Brand X is faster than the competition's brand? Use the sign test to analyze the results. Step 1 of 2 : Find the value of the test statistic to test that the new polish dries faster than the competition's polish. Round your answer to two decimal places if necessary.
The test statistic to test whether the new polish dries faster than the competition's polish is 4.64.
To analyze the results using the sign test, we compare the observed number of polishes that dried in less than 7 minutes (900) with the expected number of polishes that would dry in less than 7 minutes if the drying time was the same as the competition's polish (650, which is half of the total sample size). Next, we calculate the test statistic using the formula: test statistic = (observed number of successes - expected number of successes) / sqrt(expected number of successes * (1 - expected number of successes) / sample size) Plugging in the values, we have: test statistic = (900 - 650) / sqrt(650 * (1 - 650/1300) / 1300) = 4.64 The test statistic represents the number of standard deviations away from the expected value. In this case, the test statistic of 4.64 suggests that the observed number of polishes drying in less than 7 minutes is significantly greater than the expected number under the assumption that the drying time is the same as the competition's polish.
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As a result of the cost/benefit concept, a cost that could be traced directly to a cost object may still be treated as an indirect cost. This statement is true or false
The statement "As a result of the cost/benefit concept, a cost that could be traced directly to a cost object may still be treated as an indirect cost" is True.In general, direct costs are expenses that can be directly attributed to a cost object such as a product, service, or department.
On the other hand, indirect costs are expenses that are not easily traceable to a specific cost object.The cost/benefit concept is a management accounting principle that states that a cost should only be incurred if the expected benefits exceed the expected costs. This concept is frequently used in the determination of direct costs and indirect costs.
In some situations, a cost that can be traced directly to a cost object may still be treated as an indirect cost because the benefits it generates are lower than the cost of tracing it directly.As a result of the cost/benefit concept, a cost that could be traced directly to a cost object may still be treated as an indirect cost. Therefore, the statement is True.
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Kindly answer with complete solution. Needed ASAP.
Zee Po Gee Cooperative is a credit cooperative operating in the whole Province of Benguet including Baguio City. At the end of taxable year 2021 , the accumulated reserves and undivided net savings of
Zee Po Gee Cooperative is a credit cooperative operating in the whole Province of Benguet including Baguio City. At the end of taxable year 2021, the accumulated reserves and undivided net savings of the cooperative amounted to P9,750,000.00. Compute the income tax due for the year 2021. The income tax due for Zee Po Gee Cooperative for the year 2021 is P1,591,000.00.
The first step is to compute for the taxable income by subtracting the total deductions from the gross income. The formula is:Taxable Income = Gross Income - Total Deductions In this case, we have to determine the gross income and total deductions of the cooperative. There is no information provided about the gross income, so we will assume that it is equal to the accumulated reserves and undivided net savings, which is P9,750,000.00. The total deductions will be computed based on the information given in the problem. Here are the deductions allowed by the Bureau of Internal Revenue:Bad debts (must be written off)Depletion Depreciation Employee benefits Foreign taxes Home office
Interest on loans Losses Pensions Rents Representation and entertainment Research and development Retirement benefits Royalties Taxes.The cooperative can claim the following deductions:Interest on loans - P500,000.00 Representation and entertainment - P50,000.00 Depreciation - P150,000.00 Total Deductions = P700,000.00 Taxable Income = P9,750,000.00 - P700,000.00 = P9,050,000.00Next, we need to determine the tax due using the Tax Table. Based on the Tax Table, the tax due is:P575,000.00 + 32% of the excess over P5,000,000.00Tax Due = P575,000.00 + [32% x (P9,050,000.00 - P5,000,000.00)]Tax Due = P575,000.00 + P1,016,000.00Tax Due = P1,591,000.00
Therefore, the income tax due for Zee Po Gee Cooperative for the year 2021 is P1,591,000.00.
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the auditing profession has established guidelines for setting inherent risk a) true b)false
a) True. The auditing profession has indeed established guidelines for setting inherent risk.
Inherent risk refers to the susceptibility of an assertion or transaction to material misstatement, in the absence of any internal controls. Auditors assess inherent risk as part of their risk assessment procedures to determine the nature, timing, and extent of audit procedures. These guidelines help auditors in evaluating various factors such as industry conditions, complexity of transactions, and the entity's internal control environment to determine the level of inherent risk associated with different areas of the financial statements. By considering these guidelines, auditors can effectively plan their audits and allocate resources based on the assessed inherent risk levels.
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A. Consider a duopoly market in which the firms operate on the basis of conjectural variation in prices and selling homogenous goods. Assume the demand is perfectly inelastic; at each price, consumers will demand 100 units of the good. Suppose that, when firm A and firm B set the same price, demand is split 50−50 between the two. i. Suppose that the cost function is C(q i
)=20q 1
for i=A,B. Determine the equilibrium outputs, prices and profits. ii. Suppose that the cost structure of the firms changes, and the new cost function is (6 marks) C(q i
)= 10
1
q i
2
for i=1,2. Determine the equilibrium outputs, prices and profits.
Consider the duopoly market where firms A and B operate with the concept of conjectural variation in prices and selling homo goods.
the demand for these goods be perfectly inelastic. In this scenario, consumers demand 100 units of the good at every price. Therefore, the demand curve is straight, horizontal, and perfectly inelastic.Situation i)Now, when firms A and B set the same price, the demand is split 50−50 between the two.
Using these facts, we can determine the equilibrium output and price of both firms.Output: Total market demand is 100 units. Since both firms sell identical products, the market is split 50-50 between them. each firm produces 50 units. Price: As the demand is perfectly inelastic, firms cannot charge a higher price. each firm charges the cost per unit, which is 20. Profit.
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Recent research by financial economists has found that the reward for beta ______ was less than predicted by the CAPM when they applied the model to the _____ world data
Recent research by financial economists has found that the reward for beta risk was less than predicted by the Capital Asset Pricing Model (CAPM) when they applied the model to the real-world data.
The CAPM is a widely used model in finance that suggests that the expected return on an asset is proportional to its beta, which measures its sensitivity to market movements. According to the CAPM, higher beta assets should command higher expected returns to compensate investors for the additional risk they bear.
However, empirical studies have shown that the actual returns of stocks with high betas have been lower than what the CAPM would predict. This discrepancy suggests that other factors beyond beta influence stock returns and that the CAPM may not fully capture the complexities of real-world markets. Researchers have identified various factors such as size, value, momentum, and profitability, among others, that can explain the differences in returns and provide a more accurate understanding of asset pricing.
In summary, recent research has found that the reward for beta risk was lower than expected when applying the CAPM to real-world data, indicating the presence of additional factors influencing asset returns.
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Describe the difference between the current ratio and the acid test ratio. Which one do you think is more useful and why?
Current ratio and acid test ratio are both liquidity ratios that are used to determine a company's ability to pay off its current liabilities using its current assets. Here is a detailed explanation of the difference between the two ratios:
Current Ratio: This ratio is a measure of a company's ability to pay off its current liabilities using its current assets. It is calculated by dividing the company's current assets by its current liabilities. The current ratio measures the company's overall liquidity, including its inventory and prepaid expenses. It is expressed as a decimal or a ratio. A current ratio of 1:1 or above is generally considered healthy.
The Acid Test Ratio: The acid test ratio is a measure of a company's ability to pay off its current liabilities using its most liquid assets. It is calculated by dividing the company's current assets minus inventory and prepaid expenses by its current liabilities. This ratio is also known as the quick ratio or the liquid ratio. The acid test ratio is more conservative than the current ratio since it excludes inventory and prepaid expenses from current assets, which are not as liquid. A quick ratio of 1:1 or above is generally considered healthy. The acid test ratio is more useful than the current ratio in determining a company's short-term liquidity. The acid test ratio measures a company's ability to meet its short-term obligations using its most liquid assets. This ratio is a more conservative measure of a company's liquidity since it only takes into account its most liquid assets.
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What are the latest amounts of pfizer's costs? FIXED COSTS - Mortgage, Utilities, Personnel benefits, Wages, Equipment, Depreciation, Advertising . TOTAL FIXED COSTS VARIABLE COSTS - Hourly Wages, Commissions, Overhead, Materials, Supplies, Transportation, Mail/Phone, . TOTAL VARIABLE COSTS
Pfizer is a pharmaceutical company that has been in operation for over a century and has since become one of the world's leading drug producers. In terms of its costs, Pfizer incurs both fixed and variable expenses.
Fixed costs are expenses that do not vary with the volume of output, while variable costs are expenses that fluctuate with the quantity of output. Pfizer’s latest fixed costs include mortgage, utilities, personnel benefits, wages, equipment, depreciation, and advertising. Meanwhile, its total fixed costs are determined by adding up the sum of each fixed cost.
For instance, if Pfizer has a mortgage of [tex]$10,000[/tex], utilities of [tex]$5,000[/tex], personnel benefits of [tex]$15,000[/tex], wages of [tex]$20,000[/tex], equipment of [tex]$25,000[/tex], depreciation of [tex]$10,000[/tex], and advertising of [tex]$5,000[/tex], its total fixed costs will be [tex]$80,000[/tex]. Pfizer’s latest variable costs include hourly wages, commissions, overhead, materials, supplies, transportation, and mail/phone. Its total variable costs are calculated by adding up the sum of each variable cost. If Pfizer has an hourly wage of [tex]$15[/tex], commissions of [tex]$10[/tex], overhead of [tex]$20[/tex], materials of [tex]$25[/tex], supplies of [tex]$5[/tex], transportation of [tex]$15[/tex], and mail/phone expenses of [tex]$10[/tex], its total variable costs will be [tex]$100[/tex].
Therefore, Pfizer's total costs will be the sum of its total fixed costs and total variable costs. In this case, its total costs will be [tex]$80,100[/tex].
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Award: 10.00 points
Use the unadjusted trial balance of Electric Bike on December 31, 2020.
Cash
Accounts receivable
merchandise Inventory
Store supplies
Office supplies
Prepaid insurance
Equipment
Accumulated depreciation, equipment
Accounts payable
Salaries payable
Braeden I canital
Braeden Li. withdrawals
Interest income
Sales
Sales retums and allowances
vost or codes sold
Salanes expense
Rent expels
Supplies expense
Deoreciation exoense. equioment
Insurance expense
Totals
Debit
8,800
23.365
35,300
2.765
845
.955
82,190
Credit
14.355
8.700
181.215
65,500
380
532,500
5,770
381,860
97.000
29.800
$ 737.150 $737.150
Required.
1. Record adjusting entries for the following information.
The records show that the equioment was estimated to have a total estimated useful life of 10
vears with a residual value at the end of its life of s14 100
b. The balance in the Prepaid Insurance account was reviewed and it was determined that $290 was
unused at December 31. 2020.
c. A review of the store supplies on December 31, 2020, revealed a balance on hand of $2.210: a
similar examination of the office supplies showed that $675 had been used.
d. Accrued salaries payable, $2,150
e. A count of the merchandise inventory revealed a balance on hand December 31, 2020, of $34,430.
2. Prepare a multiple-step income statement showing the expenses in detail.
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1/2
7/30/22. 7:09 PM
References
Worksheet
Learning Objective:
05-05 Define,
prepare, and analyze
merchandising
income statements.
Adjusting entries for the given information are as follows: To record depreciation expense of equipment: Equipment has a useful life of 10 years and a residual value of $14,100.
depreciation per year will be calculated as:Depreciation = (Cost of equipment - Residual value) / Useful lifeDepreciation = [tex]($82,190 - $14,100) / 10 = $6,809[/tex]Journal entry for depreciation expense:Date Accounts DebitCreditDecember 31, 2020Depreciation Expense - Equipment $6,809 Accumulated Depreciation - Equipment$6,809b)
To adjust prepaid insurance account: Unexpired insurance at the end of
Inventory Balance = [tex]$35,300 - $910 = $34,390[/tex] Journal entry for merchandise inventory adjustment:DateAccounts DebitCreditDecember 31, 2020Cost of Goods Sold$910 Merchandise Inventory$9102.
Merchandise Inventory, December 31, 2020$34,390 Cost of goods sold $155,905 Gross Profit $370,825 Operating Expenses Salaries Expense $27,650Rent Expense$65,500Supplies Expense
Store Supplies Expense $2,210Office Supplies Expense$170
Depreciation Expense - Equipment[tex]$6,809[/tex]
Insurance Expense $290Total Operating Expenses$102,629
Net Income $268,196 , the multiple-step income statement shows the expenses in detail.
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You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC=852-13q+5q^2, while your inverse demand curve is P=1,228-0.4q, where P is the price of one unit of your output and q is the quantity of units produced and sold.
If you wanted to maximize revenue, what quantity would you produce? Please round your answer to the nearest whole number (i.e., no decimal places).
Given that the cost function of a small firm is TC=852-13q+5q² while its inverse demand curve is P=1228-0.4q, where P is the price of one unit of the output, and q is the number of units produced and sold.
The formula for revenue is revenue = price x quantity. Therefore, the formula for revenue is P(q) = (1228 - 0.4q)q or P(q) = 1228q - 0.4q².Substitute the cost function into the revenue function to get P(q) = 1228q - 0.4q² and TC = 852 - 13q + 5q².The formula for profit is profit = revenue - cost. Therefore, Profit = P(q) - TC.Substitute P(q) = 1228q - 0.4q² and TC = 852 - 13q + 5q² into the profit formula to get Profit = 1228q - 0.4q² - (852 - 13q + 5q²)Simplify the profit equation by combining like terms to get Profit = 8q² - 5q + 376.To maximize profits.
we will take the first derivative of the profit function and set it to zero. This is because the slope of the profit function will be zero at its maximum point.The derivative of the profit function is 16q - 5.To find the maximum point of the profit function, set the derivative equal to zero and solve for q.16q - 5 = 0 ⇒ 16q = 5 ⇒ q = 5/16 ≈ 0.3125 (rounded to 1 decimal place).Rounding the answer to the nearest whole number, the quantity to be produced is q = 0. Hence, the quantity to be produced is 0 units.
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