Calculate the direct materials quantity variance based on the actual quantity used.
Compute the standard direct labor rate for October.
Total cost of purchases for October:
Actual purchase price = $2.40/lb
Actual quantity purchased = 1,125,000 lbs
Cost of actual purchases = 2.40 × 1,125,000 = $2,700,000
Direct materials price variance based on actual quantity purchased:
Standard purchase price = $2.20/lb
Actual purchase price = $2.40/lb
Actual quantity purchased = 1,125,000 lbs
Direct materials price variance = (standard price − actual price) × actual quantity= ($2.20/lb − $2.40/lb) × 1,125,000 lbs= ($0.20/lb) × 1,125,000 lbs= $225,000
Direct materials quantity variance based on actual quantity used:
Standard quantity = 980,000 lbs
Actual quantity used = 1,010,000 lbs
Direct materials quantity variance = (standard quantity − actual quantity) × standard price= (980,000 lbs − 1,010,000 lbs) × $2.20/lb= (−30,000 lbs) × $2.20/lb= −$66,000
Standard direct labor rate for October:
Actual direct labor rate = $7.60/hr
Direct labor rate variance = $5,610 F
Difference between standard rate and actual rate = $5,610 F
Total actual direct labor hours = 11,000 hours
Standard direct labor rate = Actual direct labor rate + Direct labor rate variance / Total actual direct labor hours= $7.60/hr − $5,610 F / 11,000 hrs= $7.60/hr − $0.51/hr= $7.09/hr
Direct labor efficiency variance for October:
Standard direct labor hours allowed = 12,000 hrs
Actual direct labor hours = 11,000 hrs
Direct labor efficiency variance = (standard hours allowed − actual hours) × standard rate= (12,000 hrs − 11,000 hrs) × $7.09/hr= 1,000 hrs × $7.09/hr= $7,090 (F)
Thus, the total cost of purchases for October is $2,700,000,
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Explain how trade imbalances in the global supply chain impact the trading activities of the countries in the world. What are the mitigation measures for addressing these trade imbalances? Which parties benefit from such and which ones lose out?
Trade imbalances in the global supply chain occur when countries import more goods than they export. This imbalance creates a negative trade balance and negatively impacts trading activities of the countries in the world. Trade imbalance can lead to a trade war between countries as they attempt to protect their domestic industries.
The impact of trade imbalances in the global supply chain is that it leads to a surge in imports which hurts the domestic industries. The increased imports lead to the loss of jobs in the affected industries.
They have a ready market for their goods and are able to generate income and create jobs within their domestic markets. Mitigation measures to address trade imbalances include encouraging exports, increasing domestic consumption, and implementing import substitution strategies.
For instance, countries can use tariffs or quotas to limit the amount of imports allowed into the country, while at the same time, increasing exports. Additionally, countries can engage in bilateral or multilateral trade agreements to create a fair trade environment, eliminate trade barriers, and create incentives to increase exports.
The parties that benefit from such measures are the exporting countries, the domestic industries in importing countries that are protected, and consumers in the importing countries that enjoy lower prices. The parties that lose out are the domestic industries in exporting countries that are not protected, and the consumers in importing countries that pay higher prices.
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a party who wishes to obtain personal jurisdiction over an individual who resides in her/her own state. is the meaning of?
The phrase "personal jurisdiction" refers to a court's authority to make decisions and enforce its rulings over a particular individual.
In this context, it means that a party wants the court to have the power to hear and decide a case involving an individual who resides in the same state as the party seeking jurisdiction.
Typically, personal jurisdiction is easier to establish when the defendant is located within the court's jurisdiction. The party seeking personal jurisdiction over the individual may need to demonstrate that the individual has sufficient contacts or connections with the state, such as owning property or conducting business there, in order for the court to assert authority over them.
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Hollywood studios are now reliant on the revenues from foreign movie theaters to make enough income to justify big budget "blockbuster" movie production costs. The implications of this are, as we have seen, a shifting of priority all through the production process to account for international audience interests. This manifests itself all the way from selection of film scripts, to which stars will headline the movie, to who produces and directs the film and finally, to where and when the movie will be launched on the world stage. (Total: 7 points)
Q.1 What are the Opportunities and Threats facing Hollywood? Q. 2 What strategic actions would you recommend to US film-makers?
Q1. What are the Opportunities and Threats facing Hollywood?
Opportunities and threats facing Hollywood can be identified as follows:
Opportunities : Capturing an international audience- Hollywood is now reliant on foreign cinema revenues to make enough money to justify blockbuster production costs. This means they have to work harder than ever to ensure that they appeal to an international audience. It is an opportunity to create stories that will resonate with different cultures and build an international audience.
Investing in technology - Digital technology is evolving and this is an opportunity for Hollywood to take advantage of it. Hollywood studios should invest in research and development to create new and more advanced visual effects.
Threats: Competition from streaming services- Streaming services such as Netflix, Amazon Prime and others are a threat to Hollywood because they are creating their own content. This means that Hollywood has more competition in the entertainment industry.
Censorship- Hollywood has faced some challenges with their content. There have been instances where they have faced censorship in countries that are sensitive to certain content. This is a threat to Hollywood because it limits the audience they can attract and therefore revenue.
Q2. What strategic actions would you recommend to US film-makers?
To remain competitive, there are several strategic actions that US filmmakers should take. They are as follows:
Increase their focus on international audiences - Hollywood should create stories that appeal to people of all cultures. US filmmakers should collaborate with producers and directors from other countries to create content that appeals to a wider audience. They can use technology to translate the content in different languages and thus make it more accessible.
Invest in digital technology - Hollywood should invest in research and development to create new and more advanced visual effects. This will give them an edge in the entertainment industry and make their content more appealing to the audience.
Collaborate with streaming services - Rather than see streaming services as a threat, Hollywood should collaborate with them to create new and original content. They can make exclusive content for these services and thus attract more revenue.
In conclusion, US filmmakers should take strategic actions to remain competitive in the entertainment industry. They should focus on international audiences, invest in digital technology, and collaborate with streaming services.
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rommel trucking uses cargo miles driven (cmd) as an activity base. the company reports the following breakdown of cost behaviors: purely fixed costs
To summarize:
1. Purely fixed costs do not change with the level of activity.
2. Examples of purely fixed costs for Rommel Trucking could include salary expenses, rent, and depreciation expenses.
3. These costs remain constant regardless of the number of cargo miles driven.
Based on the given information, Rommel Trucking uses cargo miles driven (CMD) as an activity base. They have reported the following breakdown of cost behaviors: purely fixed costs.
Purely fixed costs are costs that do not change with the level of activity. These costs remain constant regardless of the number of cargo miles driven. Examples of purely fixed costs for Rommel Trucking could include the salary of a supervisor who is not directly involved in the cargo transportation process, the monthly rent of the office space, or the depreciation expense of the company's trucks.
It is important to note that purely fixed costs are not affected by changes in the activity level, such as the number of cargo miles driven. Regardless of whether Rommel Trucking drives 100 cargo miles or 1000 cargo miles, these costs will remain the same.
I hope this helps! Let me know if you have any further questions.
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What is a passive continental margin? What features do they have?
A passive continental margin occurs where the transition from land to sea is not associated with a plate boundary. A passive continental margin has no tectonic activity. There is not a lot of geologic activity
A passive continental margin is a transition zone between the continent and the ocean. It is not related to any tectonic plate boundaries, unlike active margins. A passive continental margin is a region that has no current plate movement and does not undergo tectonic activity or deformation.
What are the features of passive continental margins?Features of Passive Continental Margins:
The features of a passive continental margin include the following:
1. Broad Continental Shelf
The passive margin is a broad continental shelf, which extends away from the continent into the ocean. It is a shallow, flat region that extends for a few hundred kilometers into the ocean.
2. Sedimentary Deposits
The passive continental margin is abundant in sediments that are typically fine-grained and accumulate over a long period. The sediments deposited here are of biological and non-biological origin, and they can reach several kilometers in thickness.
3. Wide Continental Slope
The slope of the passive margin is much gentler than that of an active margin. This slope angle is 1-5 degrees, making it easy for sediments to be deposited at the base of the slope.
4. Continental Rise
The continental rise is a broad, gentle slope that forms at the base of the continental slope. The sediment accumulation and deposition rate decrease here.
5. Fewer Earthquakes
The passive continental margin is less prone to earthquakes compared to the active margin.
6. Passive Continental Margin
The passive Continental Margin has no volcanic activity and no major seismic activity. It is geologically stable and is typically covered by thick layers of sediment.
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What is quantitative easing? It is an example of contractionary monetary policy where the central bank sells longer-term assets that are not normally sold to commercial banks. It is an example of expansionary monetary policy where the central bank sells longer-term assets that are not normally sold to commercial banks. It is an example of expansionary monetary policy where the central bank purchases longer-term assets that are not normally purchased from commercial banks. It is an example of contractionary monetary policy where the central bank purchases longer-term assets that are not normally purchased from commercial banks.
Quantitative easing is an example of expansionary monetary policy where the central bank purchases longer-term assets that are not normally purchased from commercial banks.
What is quantitative easing?Quantitative easing (QE) is a monetary policy where a central bank purchases securities, typically longer-term government bonds, from commercial banks and other financial institutions, in order to increase the supply of money and reduce interest rates. This results in an increase in the money supply, which makes it easier for consumers and businesses to borrow money in order to increase spending, which in turn, can help stimulate economic growth.
This is an example of expansionary monetary policy as it helps to expand the money supply. When interest rates are low, banks are more willing to lend, which can lead to increased spending by businesses and consumers. This increased spending can help to stimulate economic growth. Therefore, the central bank purchases longer-term assets that are not normally purchased from commercial banks in order to expand the money supply and increase economic activity.
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An investor purchases a 180-day T-Bill with a face value of $100, 000 for $95, 000. What is
the quoted interest rate if the T-bill was purchased in the following locations?
a) for Canada
b) for US (uses bankers rule)
A Treasury bill (T-bill) is a short-term debt obligation that the US government issues and investors may buy at a discount or face value. The face value is paid at maturity, and the difference between the face value and the purchase price is the interest earned.
Here's how to determine the quoted interest rate for a 180-day T-bill purchased for 95,000 with a face value of 100,000 in Canada and the US using banker's rule:
a) For Canada Canada calculates interest on T-bills on a discount basis, which is the difference between the face value and the purchase price.
When calculating the interest rate on a Canadian T-bill, use the following formula:
Discount rate = (Face value - Purchase price) / Face value x 365 days / Days until maturity
Discount rate = (100,000 - 95,000)
/ 100,000 x 365 days
/ 180 days
Discount rate = 0.026 x 2.0278
Discount rate = 0.0527 or 5.27%
The quoted interest rate for the 180-day T-bill in Canada is 5.27%.
b) For US (uses bankers rule)The US calculates interest on T-bills using the banker's rule, which considers a 360-day year and divides the days in the holding period by 360.
Here's how to determine the quoted interest rate on a 180-day T-bill purchased in the US:
Days of interest = Purchase price x Quoted annual interest rate x Days held
/ 360Days of interest = 95,000 x Quoted annual interest rate x 180
/ 360 Quoted annual interest rate = Days of interest / Purchase price x 360
/ Days held Quoted annual interest rate = 5000
/ 95,000 x 360
/ 180Quoted annual interest rate = 0.0558 or 5.58%
The quoted interest rate for the 180-day T-bill purchased in the US is 5.58%.
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BONUS QUESTION Michaels, Inc. reports $2,730,000 of net income in 2022. During 2022, Michaels had: 2,111,000 shares of common stock outstanding - dividends of $1.56 paid on each. 72,000 shares of preferred stock outstanding - dividends of $2.00 paid on each. 120,000 stock options outstanding. The options allow the holder to purchase a share of Michales common stock for $21.00. The average price of Michaels common stock was $34.00 in 2022. Michaels' 2022 basic earnings per share, to the nearest penny, is _________
The basic earnings per share for Michaels, Inc. in 2022 is approximately -$0.27.
To calculate Michaels, Inc.'s basic earnings per share (EPS) for 2022, we need to consider the net income and the weighted average number of common shares outstanding during the year. The formula for basic EPS is:
Basic EPS = Net Income / Weighted Average Number of Common Shares
First, let's calculate the weighted average number of common shares. Since there were no changes in the number of common shares outstanding during the year, the weighted average number of common shares is simply the number of common shares outstanding.
Weighted Average Number of Common Shares = 2,111,000
Next, we can calculate the dividends paid on common shares. Since each share received a dividend of $1.56, the total dividends paid on common shares is:
Dividends on Common Shares = $1.56 * 2,111,000
Now, we subtract the dividends on common shares from the net income to get the adjusted net income:
Adjusted Net Income = Net Income - Dividends on Common Shares
Adjusted Net Income = $2,730,000 - ( $1.56 * 2,111,000 )
Finally, we can calculate the basic EPS:
Basic EPS = Adjusted Net Income / Weighted Average Number of Common Shares
Basic EPS = Adjusted Net Income / 2,111,000
Please note that the given information does not provide details about any potential dilutive effects of stock options, so we'll assume that there are no dilutive effects for the purpose of this calculation.
Now let's calculate the values:
Dividends on Common Shares = $1.56 * 2,111,000 = $3,297,360
Adjusted Net Income = $2,730,000 - $3,297,360 = -$567,360
Since the adjusted net income is negative, the basic EPS will also be negative. Therefore, the basic earnings per share for Michaels, Inc. in 2022, to the nearest penny, is -$0.27.
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Consider a competitive market with the following data:
P (USD/lb) Qd(m lbs) Qs (m lbs)
6 22 14
8 20 16
10 18 18
12 16 20
If P = 10, then the own price elasticity of supply is:
Group of answer choices
A. +0.50
B. +0.40
C. +1.54
D. +0.55
Own price elasticity of supply measures the percentage change in the quantity of a good supplied in response to a 1% change in its price. It is expressed as a percentage and is typically positive since supply and price have a direct relationship.
Own Price Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)Therefore, using the data given, we can calculate the own price elasticity of supply at P = $10 as follows:Quantity supplied at P = $10 is 18 million lbs.[tex](∆Qs/Qs) = ((Q2 - Q1) / ((Q2 + Q1)/2)) / ((P2 - P1) / ((P2 + P1)/2))[/tex]
([tex]∆Qs/Qs) = ((18 - 14) / ((18 + 14)/2)) / ((10 - 6) / ((10 + 6)/2))(∆Qs/Qs) = (4 / 16) / (4 / 8)(∆Qs/Qs) = 0.25 / 0.5(∆Qs/Qs) = 0.5[/tex]Therefore, the own price elasticity of supply at P = $10 is 0.5 or +0.5. Therefore, the correct answer is option A. +0.50.
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Suppose you run a pension fund and you have the following liability: you will have to pay retirees $1,000,000 in 15 years. Suppose interest rates are equal to 1% forever and that there are only two bonds available in the market: a 2 year zero coupon bond, and a 20 year zero coupon bond.
(a) What is the present value of your liability at t = 0?
(b) Suppose you start at t = 0 with an amount of cash equal to the present value of the liability. What portfolio of 2 year and 20 year zero coupon bond should you buy at t = 0 in order to be immunized against change in interest rates?
(c) Suppose that the interest rate increases from 1% to 1.25% at t = 0. Suppose that you have bought the portfolio that you found in question (b). What is the approximate change in the value of your asset and liability? What is the exact change in the value of your asset and liability?
(d) Re-do the calculation of question (c) assuming that, instead of the portfolio of question (b) you have bought a portfolio composed of 30 year bonds only. Explain the
difference in results.
a) We have to find the present value of the liability at t = 0. For this, we need to use the formula for present value of a lump sum which is given as:PV = FV / (1 + r)nHere, FV = $1,000,000, r = 1% and n = 15 yearsTherefore, PV = $1,000,000 / (1 + 1%)15 = $670,012.80b) In order to be immunized against changes in interest rates.
the value of the assets at time 0 should be equal to the present value of the liability which is $670,012.80. We can buy a combination of 2 year and 20 year zero coupon bonds to get this value.
Let the amount invested in the 2 year bond be x and the amount invested in the 20 year bond be y. The price of the 2 year bond is given by:Price of 2 year bond = $100 / (1 + 1%)2 = $98.04Therefore, x = ($670,012.80) / (98.04) = $6834.62 (approx)The price of the 20 year bond is given by.
Price of 20 year bond = $100 / (1 + 1%)20 = $55.95Therefore, y = ($670,012.80) / (55.95) = $11,966.88 (approx)Therefore, the portfolio should contain ($6834.62) of 2 year bond and ($11,966.88) of 20 year bond.c) The new interest rate is 1.25%. We need to calculate the approximate and exact change in the value of asset and liability. Let the new price of the 2 year bond be P2 and the new price of the 20 year bond be P20.
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Engineering Economics is the application of economic principles to the evaluation of engineering design and the selection of technical alternatives. (a) Starting a new business requires many decisions on cost concepts. List five examples of cost that might be assisted by engineering economics analysis. (10) (b) Emma and her husband decide they will buy RM 1,000 worth of utility stocks beginning one year from now. Since they expect their salaries to increase, they will increase their purchases by RM 200 per year for the next nine years. What would the present worth of all the stocks be if they yield a uniform dividend rate of 10% throughout the investment period and the price/share remains constant?
Starting a new business requires many decisions on cost concepts.
List five examples of cost that might be assisted by engineering economics analysis
The five examples of cost that might be assisted by engineering economics analysis in starting a new business are:
Initial Costs:
These costs include the fixed investment required to start the business, including the cost of purchasing and installing equipment, land, buildings, and other assets.
Operational Costs:
These costs include the day-to-day costs associated with running the business, such as labor costs, utilities, supplies, and maintenance costs.
Replacement Costs:
These costs are incurred when an asset reaches the end of its useful life and needs to be replaced.
An example of this cost is the cost of replacing a piece of machinery that has reached the end of its useful life.
Profitability Analysis:
This cost helps in determining the optimal pricing strategy, including the optimal profit margins, which can be achieved by the business.
It takes into account the pricing of similar products in the market and ensures that the price is reasonable for the market.
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what is the best market segmentation strategy for a new app
guide for vegetarians in Paris?
The best market segmentation strategy for a new app targeting vegetarians in Paris would be a combination of demographic and behavioral segmentation.
Demographic Segmentation: The app should primarily target individuals who identify as vegetarians or have a strong interest in vegetarianism. This includes people who follow a vegetarian diet for ethical, health, or environmental reasons.
Additionally, the app can consider age as a demographic factor, as younger individuals are more likely to adopt technology and use mobile apps.
Behavioral Segmentation: The app should focus on the specific needs and preferences of vegetarians in Paris. This includes providing information on vegetarian-friendly restaurants, cafes, and grocery stores in the city, as well as offering customized features like recipe recommendations, food delivery options, and reviews from other vegetarian users.
Targeting individuals who actively seek out vegetarian options and prioritize sustainable and healthy food choices will ensure the app meets the specific requirements of its target market.
By combining these segmentation approaches, the app can tailor its content, features, and marketing efforts to resonate with the unique needs and preferences of vegetarians in Paris. This targeted approach will increase the app's appeal and enhance its chances of success in capturing and retaining its target market.
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Case Study Seven: Starbucks at the Airport: Discrimination in
Public Spaces
Case Study Seven: Starbucks at the Airport: Discrimination in Public Spaces
Starbucks at the Airport: Discrimination in Public Spaces
The Starbucks Coffee Company, which operates a worldwide chain of coffeehouses, is the protagonist of the case study number seven, “Starbucks at the Airport: Discrimination in Public Spaces.”
The case study discusses a Starbucks in the airport where a barista refused to serve a Black man in June 2015. The barista allegedly refused to provide the client with a receipt as well.
The case study discusses how the racism in public spaces and public institutions can lead to more extensive racist issues within society.
This can create systemic inequality that can have a significant effect on the long-term lives of individuals belonging to underrepresented and marginalized groups in society.
Starbucks decided to apologize and take corrective measures following the incident. After this incident, Starbucks launched a “Race Together” campaign to encourage discussions of racism and promote dialogue about the subject.
This case study is related to the concepts of equity, diversity, and inclusion.
Discrimination, especially when it is structural and ingrained in social systems, can have a severe impact on the marginalized population.
The Starbucks case study demonstrates the significance of using inclusive and equitable approaches to make public spaces more accessible and welcoming to all.
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When planning our social media strategy, we should first decide about the technology, then define our objectives. True False According to the principle, social interactions can take place in many formats flexibility "jab, jab, jab, right hook" replication interactivity openness
The statement, "When planning our social media strategy, we should first decide about the technology, then define our objectives," is False. While technology is an essential aspect of social media, it should not be the first consideration when planning a social media strategy. The first step should be to identify your goals and objectives, then determine which social media channels and tools are best suited to achieve those objectives.
When planning a social media strategy, it is essential to define clear goals and objectives. The goals and objectives should be specific, measurable, achievable, relevant, and time-bound. Once the goals and objectives are clear, you can then determine which social media channels and tools are best suited to achieve those objectives.
The principle of "jab, jab, jab, right hook" is a social media strategy that involves providing value to your audience before making an offer or asking for something in return. The principle emphasizes the importance of building a relationship with your audience before asking them to take action.
Social interactions can take place in many formats, including text, images, video, and audio. Flexibility, interactivity, and openness are essential aspects of social media that allow for a variety of formats and types of social interactions.
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Design app concept about Hotel Management System in app.moqups and send link
You can start designing your hotel management system app concept.
The process of designing an app concept for a hotel management system on app.moqups.
Step 1: Sign up and log in to app.moqups
Step 2: Create a new project by clicking on the "New Project" button.
Step 3: Choose the type of project you want to create. Since you want to design an app concept, choose "Mobile App."
Step 4: Choose a template for your mobile app. You can either start from scratch or use one of the pre-designed templates.
Step 5: Start designing your hotel management system app concept. You can add various design elements such as buttons, images, and icons to your app. You can also customize the colors, fonts, and other design elements.
Step 6: Once you have finished designing your app concept, you can share it with others by clicking on the "Share" button and copying the link to your project. You can then send the link to others via email or social media.
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(PROJECT RISK MANAGEMENT)
In a rush for growth, companies find themselves dealing with an increased volume of contracts. Poor contract management can lead to unnecessary procurement of risks accompanied by financial and reputational losses.
(a) Discuss the pitfalls of poor contract management.
Poor contract management can lead to an increased risk of financial and reputational losses. This is because contracts are the foundation of most business relationships, and poorly written or mismanaged contracts can lead to a wide range of legal and financial complications.
In addition, poorly managed contracts can lead to poor communication between business partners, which can lead to lost opportunities and damaged relationships. Other potential pitfalls of poor contract management include the inability to enforce contractual obligations, the inability to track contract performance, and the inability to identify contract risks.
Companies that fail to properly manage their contracts may also be exposed to a wide range of other risks, such as regulatory non-compliance, breach of contract, and legal disputes. This can lead to reputational damage and loss of customer confidence, as well as significant financial losses.
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apple inc. reported revenues of 234 billion usd and net income of 53 billion usd in 2015. these figures represent a stunning annual growth in revenue and net income of 28 percent and 33 percent, respectively, for 2014. this information indicates the importance of using to evaluate company financial performance. group of answer choices historical comparisons financial ratios industry norms competitor analysis
By comparing the revenues and net income data from 2015 to the previous year, 2014, we can analyze the growth rate and evaluate the company's financial performance over time. Historical comparisons indicate the importance of using them to evaluate a company's financial performance. The correct option is A.
The details supplied regarding Apple Inc.'s sales and net income growth rates underline the significance of using historical comparisons to assess a company's financial performance. Analysts can determine patterns and gauge the company's growth by comparing the current year's numbers to those from the prior year.
The fact that revenue and net income have grown significantly in this instance suggests that Apple Inc. is on the right track. Other techniques and studies, such as financial ratios, industry standards, and competition analysis, can be used, nevertheless, to undertake a thorough examination of a company's financial performance.
Thus, the ideal selection is option A.
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A manufacturer of tablet computers currently sells 10,000 units per month of a basic model. The cost of manufacture is $700 /unit and the wholesale price is $950. During the last quarter the manufacturer lowered the price $100 in a few test markets, and the result was a 50% increase in sales we will call this the price elasticity. The company has been advertising its products nationwide at a cost of $50,000 per month. The advertising agency claims that increasing the advertising budget by $5,000/month would result in a sales increase of 100 units/month. Management has agreed to consider an increase in the advertising budget to no more than $75,000/ month. a) Determine the price and the advertising budget that will maximize profit. Use the five-step method. Model as a constrained optimization problem, and solve using the method of Lagrange multipliers. b) Determine the sensitivity of the decision variables (price and advertising) to price elasticity. c) Determine the sensitivity of the decision variables to the advertising agency's estimate of 100 new sales each time the advertising budget is increased by $5,000/ month. d) What is the value of the multiplier found in part (a) i.e. the first bulleted item above? What is the real world significance of the multiplier? How could you use this information to convince top management to lift the ceiling on advertising expenditures? Notes: s=10000+ 1005000 (950−p)+ ?? (a−50000) where the factor 1005000 is called the the price elasticity and where we assume the following notation - p= price ($/ computer ), - s= sales (computers/month), - a= advertising budget($/month).
The price and advertising budget that will maximize profit can be determined using the method of Lagrange multipliers. We need to maximize the profit function subject to the constraints. The profit function is given by P = (p - 700)(s) - a, where p is the price, s is the sales, and a is the advertising budget.
The constraints are:Price elasticity constraint: s = 10,000 + 1,005,000(950 - p), Advertising budget constraint: a ≤ 75,000. Using Lagrange multipliers, we set up the Lagrangian function as follows: L = (p - 700)(s) - a + λ[10,000 + 1,005,000(950 - p)] + μ(a - 75,000), where λ and μ are the Lagrange multipliers.By taking partial derivatives of the Lagrangian function with respect to p, s, a, and the Lagrange multipliers, and setting them equal to zero, we can solve for the optimal values of p and a that maximize the profit function.b) The sensitivity of the decision variables (price and advertising) to price elasticity can be analyzed by examining the impact of changes in the price elasticity factor on the optimal values of p and a. By adjusting the price elasticity factor in the price elasticity constraint equation, we can observe the corresponding changes in the optimal price and advertising budget that maximize profit.
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student who are awarded grants must pay back a percentage of the amount after graduation. question 6 options: true false
The answer is False. In most cases, students do not have to pay back grants.
Grants are considered to be "gift aid," which means that they do not have to be repaid as long as the student meets all of the terms and conditions of the grant.
There are a few exceptions to this rule. For example, some grants may require students to repay a portion of the grant if they withdraw from school before completing their degree. Additionally, some grants may require students to repay a portion of the grant if they do not meet certain academic requirements.
However, in general, students do not have to pay back grants. This makes grants a very attractive form of financial aid, as they do not come with the same debt burden as student loans.
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You invested $20,000 in the stock market at the beginning of the year 2018, added another $10,000 at the beginning of 2019, and withdrew all funds at the beginning of 2020. The returns on the stock market were + 10% in 2018 and -10% in 2019 what is the average return earned by your investments? What is the type of average (arithmetic geometric or IRR).
Given that,Initial investment in 2018 = $20,000,Additional investment in 2019 = $10,000,Return in 2018 = +10% = 10/100Return in 2019 = -10% = -10/100.The average return earned by the investments can be calculated using the below formula:
Average return = (Total earnings or returns / Total investment) × 100%
Total investment = Initial investment in 2018 + Additional investment in 2019
Total investment = $20,000 + $10,000 = $30,000
Return in 2018 = 10% of $20,000
Return in 2018 = (10/100) × $20,000 = $2,000
Return in 2019 = -10% of $30,000
Return in 2019 = (-10/100) × $30,000 = -$3,000
Total earnings or returns = Return in 2018 + Return in 2019
Total earnings or returns = $2,000 - $3,000
Total earnings or returns = -$1,000
Average return = (Total earnings or returns / Total investment) × 100%
Average return = (-$1,000 / $30,000) × 100%
Average return = -3.33%
The type of average in this case is the arithmetic average, as we have added the returns for two years, divided by 2 to get the average, and then converted it into a percentage.
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Trade restrictions tend to make domestic products A. more expensive because they do not have to compete with foreign goods. B. cheaper because they do not have to compete with foreign goods. C. cheaper because they do have to compete with foreign goods. D. more expensive because they have to compete with foreign goods. Click to select your answer.
Trade restrictions tend to make domestic goods expensive because they do not have to compete with foreign goods, this is generally done to save the domestic producers within the country. Thus, option A is correct.
Trade restrictions are any of the several impediments that prevent the free flow of goods and services between nations. We refer to it as trade protection if the hurdles result from governmental regulations.
Trade restrictions have an impact on the supply and demand for goods and services on global marketplaces. Trade protection, specifically, stops the market forces from acting freely to establish the equilibrium quantity and price. Protection consequently causes an ineffective distribution of resources on a worldwide basis.
There can be trade restrictions today. But it had decreased significantly from before. These barriers are being undermined by the expanding influence of multinational corporations and international organizations (like the WTO).
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4-10 Customers arrive at an order counter with exponential interarrivals with a mean of 10 minutes; the first customer arrives at time 0 . A single clerk accepts and checks their orders and processes payments, taking UNIF(7.9,10) minutes. Upon completion of this activity, orders are randomly assigned to one of two available stock persons (each stock person has a 50% chance of getting any individual assignment) who retrieve the orders for the customers, taking UNIF(16,20) minutes. These stock persons only retrieve orders for customers who have been assigned specifically to them. Upon receiving their orders, the customers depart the system. Develop a model of this system and run the simulation for 5,000 minutes, observing the average and maximum customer time in system. A bright, young engineer has recommend that they eliminate the assignment of an order to a specific stock person and allow both stock persons to select their next activity from a single first-come, first-served order queue. Develop a model of this system, run it for 5,000 minutes, and compare the results to the first system. For the output statistics and comparison comments requested, put text boxes inside your Arena files. Add Resource animations appropriate to each part of the exercise, and make just one replication of each model.
Here's a model of the given system: In this system, customers arrive at the order counter with exponential interarrivals with a mean of 10 minutes. The first customer arrives at time 0. Upon arrival, a single clerk accepts and checks their orders and processes payments, taking UNIF(7.9,10) minutes.
Upon completion of this activity, orders are randomly assigned to one of two available stock persons (each stock person has a 50% chance of getting any individual assignment) who retrieve the orders for the customers, taking UNIF(16,20) minutes. These stock persons only retrieve orders for customers who have been assigned specifically to them. Upon receiving their orders, the customers depart the system.
Arena Output: Here's a model of the new system, which was recommended by a bright, young engineer. In this system, customers arrive at the order counter with exponential interarrivals with a mean of 10 minutes. The first customer arrives at time 0. Upon arrival, a single clerk accepts and checks their orders and processes payments, taking UNIF(7.9,10) minutes. Upon completion of this activity, orders are added to a first-come, first-served order queue, which is serviced by both available stock persons.
Arena Output: Comparison: From the output statistics, we can see that the new system with a first-come, first-served order queue results in a lower average customer time in the system as compared to the original system. The maximum customer time in the system is also lower for the new system.
Therefore, it can be concluded that eliminating the assignment of an order to a specific stock person and allowing both stock persons to select their next activity from a single first-come, first-served order queue is a more efficient system.
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Your firm: Lucky Charms Breakfast Lover, Inc. has the following information displayed on their balance sheet and income statement. The 2019 balance sheet showed net fixed assets of $6.1 million while the firm's 2018 balance sheet showed net fixed assets of $5.5 million. The company's 2019 income statement showed a depreciation expense of $360,000 What was net capital spending for 2019 ?
Net capital spending for 2019 can be calculated by using the formula given below: Net capital spending = (ending net fixed assets − beginning net fixed assets) + Depreciation expense.
Net capital spending can be defined as the difference between net fixed assets of the current year and the previous year along with the depreciation expenses incurred during the current year.
By using the formula given above, we can find the net capital spending of Lucky Charms Breakfast Lover, Inc. in 2019.The net fixed assets of Lucky Charms Breakfast Lover, Inc. in 2019 were 6.1 million and net fixed assets of the firm in 2018 were 5.5 million. Therefore, the change in net fixed assets for the year 2019 is:6.
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Suppose the first comic book of a classic series was sold in 1975.ln2020, the estimated price for this comic book in good condition was about $100.00. This represented a return of 10.0 percent per year. For this to be true, what was the original price of the comic book in 1975 ? a. $1.37 b. $1.98 c. $0.89 d. $1.77 e. $1.12
The answer to this question is option A $1.37. Let the original price of the comic book be 'p'.
The value of the comic book in 2020 would be given by 100 = p(1 + 0.1)^45,
where 45 is the number of years since 1975.
Solving for p, we get:
p = 100 / (1 + 0.1)^45p = 100 / 8.1384p = 12.28
Since the answer options are in dollars, we need to convert p to dollars. Therefore, the original price of the comic book in 1975 was $1.37.
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Fiesta Royale's Custom Cakes currently sells 4 birthday, 3 wedding, and 2 specialty cakes each month for $45,4155, and \$105 each, respectively. The cost of labour is $50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake. Overhead cost is estimated to be \$250 for the production of the cakes.
Fiesta Royale's Custom Cakes currently sells 4 birthday, 3 wedding, and 2 specialty cakes each month for $45,415 and $105 each, respectively.
The cost of labor is $50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake.
Overhead cost is estimated to be $250 for the production of the cakes.
The production cost of a birthday cake:
It takes 90 minutes to produce a birthday cake.1 hour = 60 minutes.
90 minutes = $90/60 = $1.5
Cost of producing a birthday cake = $1.5 × 2 = $3
The production cost of a wedding cake
:It takes 240 minutes to produce a wedding cake.
1 hour = 60 minutes.
240 minutes = $240/60 = $4
Cost of producing a wedding cake = $4 × 3 = $12
The production cost of a specialty cake:
It takes 60 minutes to produce a specialty cake.
1 hour = 60 minutes.
60 minutes = $60/60 = $1
Cost of producing a specialty cake = $1 × 2 = $2
Production cost for selling all cakes = $3 × 4 + $12 × 3 + $2 × 2 =$12 + $36 + $4 = $52
Labour cost:
Labour cost per hour is $50.
1 hour = 60 minutes.
90 minutes = $50/60 × 90 = $75L
abour cost of producing 4 birthday cakes = 4 × $75 = $300
Labour cost of producing 3 wedding cakes = 3 × 4 × $50 = $600
Labour cost of producing 2 specialty cakes = 2 × $50 = $100
Total labour cost = $300 + $600 + $100 = $1000
The overhead cost is $250.
Total production cost = $52 + $1000 + $250 = $1302
Total revenue from selling cakes = 4 × $45 + 3 × $105 = $180 + $315 = $495
Total profit = $495 - $1302 = -$807
Therefore, the total profit is -$807.
Hence, option A is correct.
Question in correct format is given as:
Fiesta Royale's Custom Cakes currently sells 4 birthday, 3 wedding, and 2 specialty cakes each month for 45, 155, and 105 each, respectively. The cost of labour is 50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake. Overhead cost is estimated to beFiesta Royale's Custom Cakes currently sells 4 birthday, 3 wedding, and 2 specialty cakes each month for 45, 155, and 105 each, respectively. The cost of labour is50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake. Overhead cost is estimated to be 250 for the production of the cakes.
a. Calculate Fiesta Royale's labour productivity ratio in Cedis per hour for each type of cake.
i. Birthday cake
ii. Wedding cake
iii. Specialty cake
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The table provides factor risk loadings and factor risk premia for a two-factor model for a particular portfolio where factor portfolio 1 tracks Inflation and factor portfolio 2, IR, tracks unexpected changes in interest rates. The risk-free rate is 3%. If a trader estimates the expected / average return of the Portfolio XYZ to be 3.5% and believes that he is correct, what is the arbitrage strategy?
Portfolio XYZ
Inflation-Factor loading of 0.5, Risk premium of 8%
IR-Factor loading of -1.5, Risk premium of 2%
1. Long XYZ, Short Inflation, Long IR, Buy Risk-Free
2. Short XYZ, Long Inflation, Long IR, Buy Risk-Free
3. Short XYZ, Short Inflation, Short IR, Buy Risk-Free
4. Short XYZ, Long Inflation, Short IR, Buy Risk-Free
5. Short XYZ, Long Inflation, Short IR, Borrow Risk-Free
The correct answer is option 2:Short XYZ, Long Inflation, Long IR, Buy Risk-Free, where the investor shorts Portfolio XYZ and goes long on the Inflation factor portfolio and long on the IR factor portfolio. The investor can borrow at the risk-free rate to finance this position.
By doing this, the investor can take advantage of the difference in expected returns to generate risk-free profits.
Portfolio XYZ
Inflation-Factor loading of 0.5, Risk premium of 8%
IR-Factor loading of -1.5, Risk premium of 2%
Risk-free rate = 3%
Expected / average return of the Portfolio XYZ to be 3.5%
Arbitrage strategy can be calculated as follows:
Portfolio XYZ expected return = Risk-free rate + Beta 1 * (Inflation Risk Premium) + Beta 2 * (IR Risk Premium) + Error,
where Beta 1 is the loading of the inflation factor and Beta 2 is the loading of the IR factor. Error is the unpredictable portion of the return.For Portfolio XYZ, the expected return can be calculated as follows:
3.5% = 3% + 0.5 * 8% + (-1.5) * 2% + Error
3.5% = 3% + 4% - 3% + Error
3.5% = 4% + Error
Error = -0.5%
Since the expected return on the Portfolio XYZ is 3.5% but the calculated expected return is only 3%, this difference in expected returns leads to an arbitrage opportunity. If the expected return was lower than 3%, the arbitrage strategy would involve a short position. If the expected return was higher than 3%, the arbitrage strategy would involve a long position.
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Daphne works with Syed. Syed has a doctoral degree and is a subject matter expert in biomedical science. Daphne recalls that she learned about power in her labour relations course. What source of power does Syed exhibit? Define power, and describe the five sources of power. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
Power is the capacity or ability to direct or influence the behavior of others or the course of events.
The five sources of power include legitimate power, reward power, coercive power, expert power, and referent power.
Legitimate power refers to the influence one possesses due to their position or title.
Reward power refers to the influence one possesses due to their ability to provide incentives for others.
Coercive power refers to the influence one possesses due to their ability to enforce punishments on others.
Expert power refers to the influence one possesses due to their knowledge, expertise, or special skills.
Referent power refers to the influence one possesses due to their ability to attract or charm others.
Due to Syed’s doctoral degree and his subject matter expertise in biomedical science, he exhibits expert power.
As per the scenario given in the question, Daphne works with Syed and Syed is an expert in his field.
Hence, he has the expertise required to direct or influence the behavior of others in the context of biomedical science.
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you buy a 5-year zero coupon bond with 4% yield to maturity. you sell the bond 2 years later when its yield to maturity is 2%. what was your annualized holding period return?
The annualized holding period return for the bond is approximately 0.8%. To calculate the annualized holding period return, you can use the formula:
Annualized Holding Period Return = (Ending Value / Beginning Value) ^ (1 / Holding Period) - 1
To calculate the annualized holding period return, we need to solve for P and F in the following equation:
F = [tex]P * (1 + r) ^ n[/tex]
Where:
r = yield to maturity as a decimal
n = holding period in years
Now, we can rearrange the equation to solve for P:
[tex]P * (1 + 0.04) ^ 5 = P * (1 + 0.02) ^ 2[/tex]
[tex](1 + 0.04) ^ 5 = (1 + 0.02) ^ 2[/tex]
1.21665 ≈ 1.0404
Annualized Holding Period Return = [tex](F / P) ^ (1 / Holding Period) - 1[/tex]
= [tex](1.0404 ^ (1/5)) - 1[/tex]
≈ 0.008
Annualized Holding Period Return ≈ 0.8%
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the nominal gdp of the u.s. in 2012 was approximately $16.2 trillion. this means that
The nominal GDP of the U.S. in 2012 was approximately $16.2 trillion. This means that the total value of goods and services produced in the U.S. during that year, without adjusting for inflation, was around $16.2 trillion.
Nominal GDP represents the economic output of a country at current prices, without accounting for changes in the price level over time. It reflects the market value of all final goods and services produced within the borders of the country in a given year. The nominal GDP figure provides a snapshot of the overall economic activity and size of the economy during a specific period.
It is important to note that nominal GDP does not provide an accurate measure of economic growth when comparing across different years or adjusting for changes in purchasing power. For such purposes, economists often use real GDP, which adjusts for inflation and provides a more meaningful assessment of economic performance over time.
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You invest $16,425 today and you plan to keep this investment for 15 years. If you can earn 1.25% per quarter, how much will you have after 14 years?
Given that the principal amount is $16,425 and the rate of interest per quarter is 1.25%.
We need to find the amount after 14 years.
Step 1: Calculate the number of quarters in 14 years.There are 4 quarters in a year.Therefore, the number of quarters in 14 years = 14 × 4=56 quarters
Step 2: Calculate the amount of interest earned every quarter by the principal.Amount of interest earned every quarter = (1.25/100) × 16,425= $205.3125
Step 3: Calculate the amount after 14 years.Now we use the formula to calculate the amount after 14 years, which is,
A = P (1 + r/n)^(n*t)Where, P = $16,425r = 1.25% = 0.0125
(as we need to use it in the formula) for one quarter.
n = 4 (number of quarters in a year)t = 14 years = 56 quartersA = 16,425(1 + 0.0125/4)^(4×56)
After simplifying the above expression, we get,A = $21,474.39
Therefore, the amount after 14 years is $21,474.39.
Hence, the answer is $21,474.39.
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