Jeanie should select a loan term of 50 months to purchase her first car.
1. Begin by considering the maximum amount Jeanie can afford to pay per month, which is $200.
2. Determine the loan amount Jeanie needs, which is $10,000.
3. Divide the loan amount by the maximum monthly payment to calculate the loan term: $10,000 / $200 = 50 months.
4. The loan term represents the number of months it will take to repay the loan.
5. In this case, Jeanie should select a loan term of 50 months to stay within her budget and afford the car payment of $200 per month.
In summary, Jeanie should choose a loan term of 50 months to purchase her first car because it allows her to make affordable monthly payments within her budget of $200 per month.
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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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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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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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Building a Statement of Financial Position (LO1) Oakville Pucks Inc. has current assets of $4,900, net fixed assets of $27,500, current liabilities of $4,200, and long- term debt of $10,500. What is the value of the shareholders’ equity account for this firm? How much is net working capital?
Building a Statement of Financial Position (LO1)The statement of financial position is also known as the balance sheet. It presents the organization's financial condition at a specific point in time. The statement of financial position is a report that includes three fundamental sections:
assets, liabilities, and owner's equity. In this report,The statement of financial position for Oakville Pucks Inc. can be computed as follows:
Assets[tex]assets = $4,900Net fixed assets = $27,500Total assets = $32,400LiabilitiesCurrent liabilities = $4,200Long-term debt = $10,500Total liabilities = $14,700S[/tex]Working CapitalNet working capital is the difference between current assets and current liabilities.
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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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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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Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $20 par cornmon stock. The following amounts were distributed as dividends: Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places, If an answer is zero, enter ' 0 :
We need to know the total amount of dividends distributed as well as the number of shares for each class of stock in order to calculate the dividends per share for preferred and common stock for each year.
Information provided: - 15,000 shares of cumulative preferred stock, 3% dividend rate, and $50 par value 50,000 shares of common stock with a $20 par value. - Dividends paid out: No amounts are given. We divide the total dividends by the number of shares for each class of stock to get the dividends per share. Dividends per share, Year 1 Dividends per Share for Preferred Stock are calculated as Total Preferred Dividends / Preferred Shares. Dividends per Share for Common Stock are calculated as follows: Total Common Dividends / Common Shares Year 2: Preferred Stock Dividends per Share Dividends per Share = Total Preferred Dividends / Number of Preferred Dividends per share are determined by dividing the total common dividends by the number of common shares. The dividends per share for each year cannot be determined without the precise amounts of dividends distributed. I will be pleased to help you determine the dividends per share if you can only let me know how much was distributed in dividends each year.
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You have &6,700.00 to invest and must choose between a no-load, open-end mutual fund with an annual expense ratio of 0.85 percent but no transaction cost and an ETF with an annual expense ratio of 0.25 percent and a transaction cost of $20.00. a. Calculate which is the lower cost alternative to purchase. b. Calculate the net proceeds associated with each option if you hold the mutual fund for 6 months and sell after a gain of 11 percent per 6 months. c. Calculate the net proceeds associated with each option if you hold the mutual fund for 1 year and achieve a gain of 9 percent per year. d. Calculate the net proceeds associated with each option if you hold the mutual fund for 1 year and experience a loss of 8 percent per year. a. Calculate which is the lower cost alternative to purchase. (Select the best answer below.) A. The cost is $0 to purchase the no-load fund versus $20 to purchase the ETF. Regardless of the initial investment amount, the lower cost alternative to purchase is the no-load, open-end mutual fund. B. The cost is $0 to purchase the ETF versus $20 to purchase the no-load fund. Regardless of the initial investment amount, the lower cost alternative to purchase is the ETF. b. If you hold the mutual fund for 6 months and sell after a 6-month gain of 11%, the net proceeds associated with the no-load fund are $ (Round to the nearest cent.) If you hold the mutual fund for 6 months and sell after a 6-month gain of 11%, the net proceeds associated with the ETF are $ (Round to the nearest cent.) c. If you hold the mutual fund for 1 year and sell after a 1-year gain of 9%, the net proceeds associated with the no-load fund are s. (Round to the nearest cent.) If you hold the mutual fund for 1 year and sell after a 1-year gain of 9%, the net proceeds associated with the ETF are $ (Round to the nearest cent.) d. If you hold the mutual fund for 1 year and sell after a 1-year loss of 8%, the net proceeds associated with the no-load fund are $. (Round to the nearest cent.) If you hold the mutual fund for 1 year and sell after a 1-year loss of 8%, the net proceeds associated with the ETF are $ (Round to the nearest cent.)
a. The lower cost alternative to purchase is the ETF, as it has a total cost of $36.75 compared to $56.95 for the no-load mutual fund. b. The net proceeds associated with the no-load mutual fund are $7,436.35, and the net proceeds associated with the ETF are $7,454.35. c. The net proceeds associated with the no-load mutual fund are $7,093.35, and the net proceeds associated with the ETF are $7,111.35. d. The net proceeds associated with the no-load mutual fund are $6,044.35, and the net proceeds associated with the ETF are $6,062.35.
a. To calculate the lower cost alternative to purchase, we compare the expenses associated with the no-load mutual fund and the ETF.
For the no-load mutual fund:
Expense ratio = 0.85% = 0.0085
Transaction cost = $0
For the ETF:
Expense ratio = 0.25% = 0.0025
Transaction cost = $20.00
To calculate the cost for each option, we multiply the expense ratio by the investment amount:
No-load mutual fund cost = $6,700.00 * 0.0085 = $56.95
ETF cost = $6,700.00 * 0.0025 + $20.00 = $36.75
b. If you hold the mutual fund for 6 months and sell after a 6-month gain of 11%:
No-load mutual fund net proceeds = $6,700.00 * (1 + 0.11) - $56.95 = $7,436.35
ETF net proceeds = $6,700.00 * (1 + 0.11) - $36.75 = $7,454.35
c. If you hold the mutual fund for 1 year and sell after a 1-year gain of 9%:
No-load mutual fund net proceeds = $6,700.00 * (1 + 0.09) - $56.95 = $7,093.35
ETF net proceeds = $6,700.00 * (1 + 0.09) - $36.75 = $7,111.35
d. If you hold the mutual fund for 1 year and sell after a 1-year loss of 8%:
No-load mutual fund net proceeds = $6,700.00 * (1 - 0.08) - $56.95 = $6,044.35
ETF net proceeds = $6,700.00 * (1 - 0.08) - $36.75 = $6,062.35
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the gaap hierarchy lists which source of authoritative accounting guidance as highest in priority?
The GAAP hierarchy lists the following source of authoritative accounting guidance as the highest in priority: FASB Accounting Standards Codification (ASC).
Financial Accounting Standards Board (FASB) is the source of authoritative accounting guidance for private entities in the United States. The GAAP hierarchy lists the following sources of authoritative accounting guidance in order of priority:
FASB Accounting Standards Codification (ASC), FASB Statements of Financial Accounting Standards (SFAS), FASB Interpretations (FIN), AICPA Statements of Position (SOP), AICPA Accounting Research Bulletins (ARB), and AICPA Practice Bulletins (PB). The hierarchy was established by the Financial Accounting Standards Board (FASB) to ensure that financial statements prepared under GAAP are useful and consistent.
The highest level of GAAP is the FASB Accounting Standards Codification (ASC), which is the single source of authoritative nongovernmental U.S. GAAP. The ASC replaced the myriad of accounting standards that had been issued over the years by various accounting standards-setting bodies and provided a single source of guidance that is more comprehensible. The ASC includes all of the accounting standards issued by the FASB and its predecessors, as well as guidance from SEC staff accounting bulletins and other authoritative sources.
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The Consolidated Appropriations Act included an increase in funding for the program. Multiple Choice Medicare PATH SECURE E-Verify
The Consolidated Appropriations Act included an increase in funding for the Medicare program.
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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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1. How you value the stock/ETF
2. Fundamental approach to analyze the company/ETF: industry outlook, company financial performance
3. Company news and its outlook or ETF updates
4. Risks
5. What kind of lessons you learnt from trading this stock/ETF
Valuing stocks/ETFs involves assessing their intrinsic worth. Fundamental analysis examines industry outlook and financial performance. Monitoring news/outlook and understanding risks are important. Lessons include diversification, research, discipline, and continuous learning.
1. Valuing a stock or ETF involves assessing its intrinsic value based on various factors such as earnings, cash flows, dividends, growth prospects, and market conditions. Common valuation methods include discounted cash flow analysis, price-to-earnings ratio, price-to-book ratio, and comparative analysis with peers.
2. The fundamental approach to analyzing a company or ETF involves studying the industry outlook to understand market dynamics, competitive landscape, and growth potential. Evaluating the company's financial performance involves examining its financial statements, profitability, debt levels, management effectiveness, and competitive advantages.
3. Staying updated on company news and outlook is important to monitor any significant developments, such as new product launches, partnerships, acquisitions, or regulatory changes that could impact the stock or ETF. For ETFs, it's important to track any updates related to underlying assets, index changes, or expense ratios.
4. Assessing and understanding the risks associated with a stock or ETF is crucial. Risks can include market volatility, economic conditions, industry-specific risks, regulatory changes, geopolitical events, and company-specific risks. Evaluating and managing these risks is essential for informed decision-making and risk mitigation strategies.
5. Lessons learned from trading stock or ETF can vary for each individual. It could involve understanding the importance of diversification, setting realistic expectations, managing emotions, conducting thorough research, staying disciplined, and continuously learning from both successes and failures. Reflecting on past trades can help identify strengths, weaknesses, and areas for improvement in future investment decisions.
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"
Steeper or flatter are the
select answers
Economy \( \mathrm{A} \) and Economy \( \mathrm{B} \) are similar in every way except that in Economy \( \mathrm{A}, 20 \) percent of aggregate expenditure is sensitive to changes in the real interest
"
In economics, the aggregate expenditure is the sum of consumption expenditure, investment expenditure, government expenditure, and net export expenditure. It is a macroeconomic measure that demonstrates the level of total spending in the economy at a particular time.
The economy can have either a steep or flat aggregate expenditure curve. Steeper and flatter are the two types of aggregate expenditure curves. A steep curve implies that a minor shift in prices results in a significant change in the aggregate expenditure.
A flatter curve, on the other hand, implies that a substantial shift in prices results in only a minor change in aggregate expenditure.In Economy A, 20 percent of aggregate expenditure is sensitive to changes in the real interest rate, while in Economy B, no such sensitivity exists.
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5. The two-year interest rate is \( 6.5 \% \). What is the two-year discount factor?
The formula for calculating the two-year discount factor can be derived as follows: If r represents the annual interest rate and m represents the number of compounding periods per year, the periodic interest rate can be found as r/m.
Hence, the two-year discount factor can be calculated as follows: 1 / (1 + (r/m))^2
Substituting the values given in the question, we get:
r = 6.5% = 0.065m = 1 (since the interest is compounded annually)
Using these values, the two-year discount factor can be found as follows:
1 / (1 + (0.065/1))^2
1 / (1.065)^2
= 1 / 1.135225
= 0.8800 (rounded to four decimal places)
Therefore, the two-year discount factor is 0.8800.
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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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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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Options:
1.Agg supply / agg demand
2 dynamic agg demand / short run agg supply
3 left or right
4 downward upward
5 downward upward
How could you use the dynamic aggregate demand-aggregate supply (AD/AS) framework to explain the impact of a decline in net exports on inflation and output in the economy? You can think of the impact
The dynamic aggregate demand-aggregate supply (AD/AS) framework is used to explain how changes in real GDP and price levels of goods and services are determined by changes in aggregate demand (AD) and aggregate supply (AS).
A decline in net exports means that aggregate demand shifts leftward in the short run AD-AS framework. In the long-run, aggregate supply will adjust to a new equilibrium point with lower prices and lower output. The impact of a decline in net exports on inflation and output in the economy is as follows:
Inflation: A decline in net exports implies a decrease in demand for domestic goods and services. In the short run, a decrease in aggregate demand (AD) will lead to lower prices. In the long run, aggregate supply (AS) will adjust to lower prices and output will decrease. Therefore, a decline in net exports will lead to deflation in the short run.Output: A decline in net exports will reduce aggregate demand (AD) and decrease real GDP in the short run. In the long run, aggregate supply (AS) will adjust to a new equilibrium point with lower prices and lower output. Therefore, a decline in net exports will lead to a decrease in output.Know more about the demand-aggregate supply
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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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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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CASE STUDY [30 Marks]
How to Avoid Being Part of 90% of Failed Companies
As an entrepreneur, you have probably heard or read the "maxim"
that only 10% of startups are successful, but is this true?
The statement that only 10% of startups are successful is a popular myth. Although there is no one definition for success, it is generally agreed that a successful startup is one that can sustainably generate profits over time. According to studies, the actual success rate for startups varies by industry, but it is generally around 20%.
Despite this higher success rate, it is still important to take steps to avoid becoming part of the 80% of startups that fail within their first 18 months. One key factor in startup failure is the lack of a solid business plan. Entrepreneurs should take the time to conduct market research and develop a detailed plan that includes information on the target audience, competition, marketing strategies, and financial projections.
Another common mistake is the failure to understand the importance of cash flow. Startups should focus on generating revenue early on and maintaining positive cash flow to avoid running out of funds. Entrepreneurs should also be willing to pivot their business model if necessary and learn from failures along the way.
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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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what is needed in order to allocate the cost of a natural resource? a)a depletion base b)an amortization c)schedule a depreciation base d)a tax schedule
To allocate the cost of a natural resource, a depletion base is needed. The correct answer is:
a) A depletion base
In order to allocate the cost of a natural resource, a depletion base is needed. Depletion refers to the process of allocating the cost of natural resources over their estimated usage or extraction period. The depletion base represents the total cost of the natural resource and serves as the basis for calculating the depletion expense.
Amortization, on the other hand, is the process of allocating the cost of intangible assets over their estimated useful life. Schedule a depreciation base and a tax schedule are not directly related to the allocation of costs for natural resources.
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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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A graph with price and quantity axes and MC, ATC, and AVC curves. MC has sections A, B, and C and is upward sloping. Section A starts at the beginning of the MC curve and ends when MC intersects AVC, Section B starts from that intersection and continues until MC intersects ATC, and Section C starts at the intersection of ATC and MC and continues until the end of the MC curve.
Which sections of the following firm’s marginal cost curve are also part of its supply curve?
1. A+B only
2. B+C only
3. C only
4. B only
A firm's supply curve includes only that part of the marginal cost curve that lies above the average variable cost curve.
It is the minimum price that a firm will accept to produce a certain quantity of goods or services in the short run.
Therefore, the answer to the question above is option 2 (B+C only).
The average total cost curve (ATC) and the marginal cost curve (MC) will intersect at the minimum point of the ATC curve because, at this point, MC will be equal to ATC.
When a firm sets its price, it compares its average total cost with its marginal cost.
If the average total cost is higher than the marginal cost, it will not be profitable to produce the goods, and the firm will shut down.
In the short run, a firm will only produce if the price is greater than the minimum average variable cost (AVC) because, in the short run, a firm must cover its variable costs to stay in business.
In other words, in the short run, a firm's supply curve will be part of the marginal cost curve that lies above the average variable cost curve (AVC).Sections B+C of the firm's marginal cost curve are also part of its supply curve.
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barrington box enterprises has two divisions, large and small, that share the common costs of the company's communications network. the annual common costs are $4,250,000. you have been provided with the following information for the upcoming year: calls time on network (hours) large 111,000 170,000 small 74,000 255,000 the cost accountant determined $2,650,000 of the communication network's costs were fixed and should be allocated based on the number of calls. the remaining costs should be allocated based on the time on the network. what is the total communication network costs allocated to the large box division, assuming the company uses dual-rates to allocate common costs?
The total communication network costs allocated to the large box division, assuming the company uses dual-rates to allocate common costs, is $2,230,000.
To determine the total communication network costs allocated to the large box division, we need to follow these steps:
1. Calculate the total number of calls for both divisions:
- Large division: 111,000 calls
- Small division: 74,000 calls
2. Determine the allocation of fixed costs based on the number of calls:
- The cost accountant determined that $2,650,000 of the communication network's costs were fixed and should be allocated based on the number of calls.
- To allocate the fixed costs, we need to determine the proportion of calls made by each division out of the total calls.
- Total calls: 111,000 (large division) + 74,000 (small division) = 185,000 calls
- Proportion of calls made by the large division: 111,000 / 185,000 = 0.6
- Proportion of calls made by the small division: 74,000 / 185,000 = 0.4
- Allocation of fixed costs to the large division: $2,650,000 * 0.6 = $1,590,000
3. Allocate the remaining costs based on the time on the network:
- The remaining costs are $4,250,000 (total common costs) - $2,650,000 (fixed costs) = $1,600,000
- We need to allocate these costs based on the time spent on the network by each division.
- Total time on the network: 170,000 hours (large division) + 255,000 hours (small division) = 425,000 hours
- Proportion of time on the network for the large division: 170,000 / 425,000 = 0.4
- Proportion of time on the network for the small division: 255,000 / 425,000 = 0.6
- Allocation of remaining costs to the large division: $1,600,000 * 0.4 = $640,000
4. Calculate the total communication network costs allocated to the large box division:
- Total allocated costs for the large division: Fixed costs + Remaining costs = $1,590,000 + $640,000 = $2,230,000
Therefore, the total communication network costs allocated to the large box division, assuming the company uses dual-rates to allocate common costs, is $2,230,000.
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Diet food company Lite and Simple promise their customers "great tasting food with great weight loss". For their female customers, they know that the calories consumed per day follows the Normal Distribution with an average of 1200 calories and a standard deviation of 80 calories. However, as the meals produced by the company do not contain a consistent number of calories it is possible for a client to eat slightly above or below this target. The company wants to avoid a customer eating too few calories (otherwise they might get hungry and eat more!) and they also want to avoid the customer eating too many calories.
d) What is the number of calories consumed corresponding to the lowest 20% of female customers?
*Show diagram template normal distribution curves*
The number of calories consumed corresponding to the lowest 20% of female customers is approximately 1128 calories.
To find the number of calories consumed corresponding to the lowest 20% of female customers, we need to calculate the corresponding z-score and convert it back to the original calorie scale. Using the standard normal distribution table or a statistical software, we find that the z-score corresponding to the 20th percentile is approximately -0.84. We can then use the formula z = (X - μ) / σ, where X represents the number of calories consumed, μ is the mean, and σ is the standard deviation. Rearranging the formula and substituting the known values, we can solve for X, which gives us approximately 1128 calories as the number of calories consumed by the lowest 20% of female customers.
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Quinn's proprietorship earned $260,000 in pre-tax profits this year. Quinn does not require personal funds from the business. Personal tax rates (federal plus provincial) in Quinn's province are: (All rates are assumed for this question.) The combined federal and provincial rate of tax for Canadian-controlled private corporations in Quinn's province is 13% on the first $500,000 of income. Quinn has been considering incorporating the business. Required: A. Calculate the after-tax profits for the business as i) a proprietorship, and ii) a corporation. Show all calculations.
The after-tax profits for the business as a proprietorship:Quinn's proprietorship earned $260,000 in pre-tax profits this year. Since Quinn does not require personal funds from the business, the entire $260,000 is taxable. Personal tax rates (federal plus provincial) in Quinn's province are assumed to be 40%.
= $33,800.The after-tax profits of the corporation is calculated as follows: After-tax profits
= Pre-tax profits − Tax payable
= $260,000 − $33,800
= $226,200the after-tax profits for the business as a proprietorship are $156,000 and the after-tax profits for the business as a corporation are $226,200.
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True/False: Over time, there has been a high correlation between actual rates of return on securities and the securities' standard deviations of returns.
The statement "True/False: Over time, there has been a high correlation between actual rates of return on securities and the securities' standard deviations of returns" is true.
Here's why.Over time, there has been a high correlation between actual rates of return on securities and the securities' standard deviations of returns.
Investors expect that the higher the risk of a security, the higher its rate of return will be. The standard deviation, which is a measure of how much a security's return varies over time, is commonly used to calculate risk.
When an investor is interested in assessing the risk of a security, the standard deviation of its returns is one of the key measures they consider, with higher standard deviations reflecting higher levels of risk.
general, over time, securities with higher standard deviations (and, as a result, greater risk) have tended to provide higher returns.
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This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently in use.
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
2. transportation
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse.
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
3. delay
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse .
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
4. storage
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse .
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor
The delay occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
1.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
2.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
3.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
4.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
Explanation:
1.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
2.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
3.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
4.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
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On August 1, Batson Company issued a 60-day note with a face amount of $71,400 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)
A.) Determine the proceeds of the note assuming the note carries an interest rate of 6%.
B.) Determine the proceeds of the note assuming the not is discounted at 6%
A) Determine the proceeds of the note assuming the note carries an interest rate of 6%On August 1, Batson Company issued a 60-day note with a face amount of $71,400 to Jergens Company for merchandise inventory.
The interest rate on the note is 6%, and a 360-day year is used for interest calculations. Interest is calculated on the face amount of the note. The formula for calculating the interest on the note is as follows: Interest = Principal x Rate x Time Let's figure out the interest first:
Interest = $71,400 x 6% x (60/360)Interest = $71,400 x 0.01 x 0.1667Interest = $119.22Now, let's figure out the proceeds of the note: Proceeds = Face amount of the note – Interest Proceeds = $71,400 – $119.22.
Proceeds = $71,280.78B) Determine the proceeds of the note assuming the not is discounted at 6%Discounted proceeds = Face amount of the note – Interest Discounted proceeds = $71,400 – ($71,400 x 6% x (60/360)).
Discounted proceeds = $71,400 – ($71,400 x 0.01 x 0.1667)Discounted proceeds = $71,262.18
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