According to the information provided above, the Chinese government imposed a retail price freeze of energy which included petrol and diesel.
Hence, the type of price control China has imposed is known as a price freeze or price ceiling.
This is a government-imposed limit on how high a price can be charged on a particular good or service.
The impact of China’s price controls policy on the markets for coal, petrol, and diesel is as follows:
Impact on coal market:
As the Chinese government reduced the quantity of coal China imported from Australia,
there was a shortage of coal which led to an increase in the price of coal.
However, with the implementation of price controls, the prices were maintained below the equilibrium level.
Hence, there was a decline in the quantity of coal supplied, and also, consumers' demand for coal increased leading to an increase in the quantity of coal demanded.
Impact on petrol and diesel markets:
With the imposition of price controls by the Chinese government,
the prices of petrol and diesel were maintained below the equilibrium level.
This led to an increase in the quantity of petrol and diesel demanded by the consumers and a decrease in the quantity of petrol and diesel supplied by the producers.
Yes, the impact of the price control policy depends on the elasticity of demand and supply.
The diagram below illustrates the effect of the price controls on the coal, petrol, and diesel markets.
The imposition of price controls by the Chinese government has changed the consumer surplus, producer surplus, total surplus,
and the deadweight loss in the markets for coal, petrol, and diesel as follows:
Coal market:
The imposition of price controls has resulted in a shortage of coal which increased the price of coal,
but the prices were maintained below the equilibrium level.
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What are an auditor's documentation requirements concerning an entity's internal
control system and the assessed level of control risk?
An auditor's documentation requirements regarding an entity's internal control system and assessed level of control risk include documenting the understanding of the system and the evaluation of its effectiveness.
In more detail, the auditor is responsible for assessing and documenting the entity's internal control system. This involves understanding the design and implementation of the controls, evaluating their effectiveness, and assessing the level of control risk. The auditor needs to document their understanding of the system by preparing narratives, flowcharts, or other forms of documentation. Additionally, the auditor must document their assessment of the level of control risk. This includes evaluating the likelihood and potential impact of control deficiencies on the financial statements. The documentation should include the auditor's judgments, findings, conclusions, and any recommendations for improvements. By documenting the entity's internal control system and the assessed level of control risk.
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Write an Review about the Book Name - "Ultimate Guide to Social Media Marketing" - Eric Butow, Mike Allton, Jenn herman, Stephanie Liu, Amanda Robinson.
You have write
Your perspectives and opinions on the book
What you liked, or didn’t, what you found useful or not, etc.
Make your commentary relevant to the Marketing
If you didn’t like the book, don’t just say "I didn’t like this book,", but share exactly what you didn’t like
Conclusion
Would you recommend this book or not? If you recommend, why you will recommend this book?
Title: A Comprehensive Review of "Ultimate Guide to Social Media Marketing"
Introduction:
"Ultimate Guide to Social Media Marketing" is a collaborative effort by Eric Butow, Mike Allton, Jenn Herman, Stephanie Liu, and Amanda Robinson. With its promising title, the book aims to provide readers with extensive knowledge and insights into the world of social media marketing. In this review, I will share my perspectives and opinions on the book, highlighting both its strengths and weaknesses.
Perspectives and Opinions:
As a marketer myself, I found the book to be a valuable resource that covers a wide range of topics related to social media marketing. It offers a comprehensive overview of various platforms, strategies, and tactics that can be employed to maximize marketing efforts on social media. The book provides practical advice and actionable tips, making it accessible even to those who are new to the field.
One of the standout aspects of this book is the inclusion of multiple authors. Each author brings their unique expertise and experience, resulting in a diverse range of perspectives and insights. This collaborative approach enhances the depth and breadth of the content, offering readers a well-rounded understanding of social media marketing.
I particularly appreciated the emphasis on the importance of analytics and measurement in social media marketing. The book provides valuable guidance on how to track and analyze social media metrics effectively, helping marketers make data-driven decisions to optimize their campaigns.
However, despite its strengths, there were a few areas where the book fell short. Firstly, the content can feel overwhelming at times, especially for beginners. Some topics could have been explained in a more simplified manner to cater to readers who are just starting their social media marketing journey.
Furthermore, given the rapidly evolving nature of social media, it would have been beneficial to have more up-to-date information and insights. The book's knowledge cutoff is mentioned as September 2021, and with the dynamic nature of social media platforms, some of the information may already be outdated.
Conclusion:
In conclusion, "Ultimate Guide to Social Media Marketing" is a commendable effort that provides a wealth of information for marketers seeking to enhance their social media presence. The collaborative approach, combined with practical advice and actionable tips, makes it a valuable resource. However, the overwhelming content and potential lack of up-to-date information are aspects that could be improved upon.
I would recommend this book to marketers who are looking for a comprehensive guide to social media marketing. The book offers a solid foundation and covers a wide range of topics, making it beneficial for both beginners and experienced professionals. Despite its shortcomings, the collective expertise of the authors and the practical insights shared throughout the book make it a worthwhile addition to any marketer's library.
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Businesses that are corporations (including C-corps, S-corps, LLCs, and LLPs) must register in the state or states where they conduct business. Many states have punitive or punishing incorporation rules like California, charging businesses of any size $800 annually just to exist. Other states like Nevada and Delaware will incorporate any business anywhere in the US and charge little to no fees. The laws of Nevada and Delaware regarding businesses have long been recognized by other state entities. The incentive to do business with these states is strong because the regulatory and fiscal environment is much friendlier than states like California, which is one of the worst states to do business in.
What about multinational corporations, like Apple, who offshore their entire legal structure to countries with little to no tax liabilities?
Check out this article about Apple (https://www.irishtimes.com/business/apple-s-cash-mountain-how-it-avoids-tax-and-the-irish-link-1.3281734.) and their move from Ireland to the island of Jersey- not New Jersey the state, Jersey is a tiny island in the English Channel with incredibly favorable tax laws.
Do you think that Apple, Inc. should be incorporated in California where they are "headquartered?" If so, justify why you think so considering California is not a business friendly state. If not, explain why states should allow companies like Apple to conduct business in their state without being legally registered. Whichever position you take, please provide your rationale.
Expectations:
Your first response should be a minimum of 100 words
Multinational corporations, such as Apple, that offshore their entire legal structure to countries with little to no tax liabilities do not need to register in the state where they conduct business. However, this raises the question of whether Apple, Inc. should be incorporated in California, where they are headquartered, considering that California is not a business-friendly state.
In my opinion, Apple should be incorporated in California, where they are headquartered, despite the state's unfavorable business environment. This is because Apple, as a multinational corporation, benefits from California's infrastructure and resources, such as Silicon Valley's tech talent pool, which is critical to Apple's success in the tech industry. Furthermore, as a corporation, Apple is obligated to pay taxes in the United States and should contribute to the state where they are headquartered, even if that state has high taxes and a poor business environment.
However, if states allow companies like Apple to conduct business in their state without being legally registered, it sets a dangerous precedent that allows corporations to avoid their legal and financial responsibilities. States should require all corporations, regardless of size or revenue, to register and pay taxes in the state where they conduct business. This ensures that corporations contribute to the communities and states where they operate, and also prevents them from taking advantage of more favorable tax laws in other countries or states.
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The last four years of returns for a share are as follows: a. What is the average annual return? b. What is the variance of the share's returns? c. What is the standard deviation of the share's returns? a. The average retum is b. The variance of the retuins in (Round to five docimar placent) c. The itandard deviation is
Part aThe calculation for the average annual return can be done by adding all the returns in the four years and then dividing the sum by four because there are four years. Therefore, Average annual return
[tex]= (0.05+0.08-0.12+0.06)/4= 0.07 / 4= 0.0175Part b.[/tex]
The calculation for the variance of the returns of the share can be done using the formula for the variance which is given as follows:Variance= Sum of (Returns- Mean of returns)^2/ Number of returns , Variance=[tex]((0.05-0.0175)^2+(0.08-0.0175)^2+(-0.12-0.0175)^2+(0.06-0.0175)^2)/4= 0.006279 / 4= 0.00156975[/tex]The variance of the share's returns is 0.00157 (rounded to 5 decimal places).Part c. The calculation for the standard deviation of the share's returns can be done by finding the square root of the variance, Standard deviation= [tex]√(0.00157)= 0.0396[/tex]The standard deviation of the share's returns is 0.0396.
More than 100 words: Average annual return is the amount of money an investment earns on an annual basis, divided by the number of years the investment is held. It can also be calculated by finding the mean of all the annual returns for the period under consideration. The variance of the returns of the share is the square of the standard deviation. It measures how far apart the returns are from the mean return. The variance can be used to identify the risk associated with an investment.
A high variance indicates a higher risk, while a low variance indicates a lower risk.The standard deviation of the returns of the share is a measure of the amount of risk associated with an investment. It is calculated by finding the square root of the variance. A high standard deviation indicates a higher risk, while a low standard deviation indicates a lower risk. The standard deviation can also be used to measure the volatility of an investment.
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TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $41,500.
Please make final answers clear
1.
What is the breakeven quantity?
Please specify your answer as an integer.
2.
What is the breakeven revenue?
Please specify your answer as an integer.
Breakeven quantity = 20752. and Breakeven revenue = $207500.
Given, selling price of the product = $100
Marginal cost per unit = $80
Fixed costs = $41,500
To find: Breakeven quantity and breakeven revenue
Formula used: Breakeven quantity = Fixed costs / Contribution margin
Contribution margin = Selling price - Marginal cost
Breakeven revenue = Breakeven quantity * Selling price
Contribution margin = Selling price - Marginal cos
t= $100 - $80
= $20
Breakeven quantity = Fixed costs / Contribution margin
= $41,500 / $20
= 2075 units
Therefore, the breakeven quantity is 2075 units
Breakeven revenue = Breakeven quantity * Selling price
= 2075 units * $100
= $207500
Therefore, the breakeven revenue is $207500.
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Some security consultants working in the financial domain are currently advising a client who is investigating a potential money-laundering scheme. The investigation thus far has indicated that n suspicious transactions took place in recent days, each involving money transferred into a single account. Unfortunately, the sketchy nature of the evidence to date means that they don’t know the identity of the account, the amounts of the transactions, or the exact times at which the transactions took place. What they do have is an approximate time-stamp for each transaction; the evidence indicates that transaction i took place at time ti ± ei, for some "margin of error" ei. (In other words, it took place sometime between ti – ei and ti + ei.) Note that different transactions may have different margins of error. In the last day or so, they’ve come across a bank account that (for other reasons we don’t need to go into here) they suspect might be the one involved in the crime. There are n recent events involving the account, which took place at times x1, x2, . . . , xn. To see whether it’s plausible that this really is the account they’re looking for, they’re wondering whether it’s possible to associate each of the account’s n events with a distinct one of the n suspicious transactions in such a way that, if the account event at time xi is associated with the suspicious transaction that occurred approximately at time tj, then |tj − xi| ≤ ej. (In other words, they want to know if the activity on the account lines up with the suspicious transactions to within the margin of error; the tricky part here is that they don’t know which account event to associate with which suspicious transaction.) Give an efficient algorithm that takes the given data and decides whether such an association exists. If possible, you should make the running time be at most O(n2). Kindly explain the procedure step by step with an algorithm
There is an efficient algorithm that takes the given data and decides whether such an association exists. If possible, you should make the running time be at most O(n2).
The problem can be solved using the greedy approach, and the algorithm can be designed to run at O(nlogn) time. We can start by sorting the transactions in ascending order and mapping the account activity to each transaction. After that, we can use the greedy approach to find the best mapping for each transaction.
The greedy approach works by assigning the account activity to the nearest transaction that has not been assigned yet. If we find a transaction that is too far from the nearest account activity, we mark it as unassigned and move on to the next transaction. If all transactions have been assigned, we have found a valid mapping. If we can’t assign all transactions, we do not have a valid mapping. The pseudocode for the algorithm is as follows:
Algorithm: Let T = {t1, t2, … tn} be the set of suspicious transactions and A = {a1, a2, … am} be the set of account activities. 1. Sort T and A in ascending order. 2. For each transaction ti in T, do the following: a. Find the account activity aj that is closest to ti, and such that aj is not already assigned to another transaction. b. If |ti – aj| ≤ ei, then assign aj to ti. Otherwise, mark ti as unassigned and move on to the next transaction. 3. If all transactions are assigned, return true. Otherwise, return false.
Example:
Let T = {t1, t2, t3} and A = {a1, a2, a3, a4, a5}.
Suppose the transactions took place at times: t1 = 2, t2 = 4, and t3 = 7.
Suppose the account activities took place at times: a1 = 1, a2 = 3, a3 = 6, a4 = 7, a5 = 8.
Suppose the margins of error are: e1 = 1, e2 = 1, and e3 = 2.
We can sort T and A as follows:
T = {t1, t2, t3} → {2, 4, 7}
A = {a1, a2, a3, a4, a5} → {1, 3, 6, 7, 8}
We can then find the best mapping for each transaction as follows:
For transaction t1, the closest account activity is a2. Since |t1 – a2| ≤ e1, we can assign a2 to t1.
For transaction t2, the closest account activity is a3. Since |t2 – a3| ≤ e2, we can assign a3 to t2.
For transaction t3, the closest account activity is a4. Since |t3 – a4| ≤ e3, we can assign a4 to t3.
Since all transactions have been assigned, we have found a valid mapping. Thus, the algorithm returns true.
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Which of the following is true regarding the relationship between total variable cost (TVC) and marginal cost (MC)? A. The marginal cost curve is equal to the slope of the total variable cost curve. B. Since the total variable cost curve is always upward sloping, the marginal cost curve must always be upward sloping. C. Marginal cost is given by the equation: MC=△TVC×△q. D. The total variable cost and marginal cost curves are unrelated
Marginal cost (MC) and total variable cost (TVC) are directly related. Option A: The marginal cost curve is equal to the slope of the total variable cost curve is true regarding the relationship between total variable cost (TVC) and marginal cost (MC).
More than 100 words explanation: The marginal cost of a product is the cost of producing one more unit of the product. The cost of producing an additional unit is compared to the cost of producing the prior unit to calculate the marginal cost. The total cost of producing a specific amount of a product is known as the total variable cost. As the number of units produced rises, the total variable cost curve increases.
The MC curve is similar to the TVC curve in this regard. Both MC and TVC are determined by the firm's output levels. Marginal cost and variable cost both rise as output increases, according to the laws of supply and demand. The total cost curve is derived by adding fixed and variable costs.
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what is the marginal prospensity to save (mps) is 0.07
a. the marginal propensity to consume (mpc) is
b. the multiplier is
The marginal propensity to consume (MPC) can be calculated if the marginal propensity to save (MPS) is known.
to find the MPC and the multiplier,
it is necessary to use the formula for the multiplier:
Multiplier = 1 / (1 - MPC) = 1 / MPS
Where MPS = 0.07
Now, substitute the value of MPS into the formula and solve for the multiplier:
Multiplier = 1 / (1 - MPC) = 1 / 0.07 = 14.29
Since the multiplier is the inverse of the MPS,
the MPC can be determined by subtracting the MPS from 1:
MPC = 1 - MPS = 1 - 0.07 = 0.93
the marginal propensity to consume is 0.93 and the multiplier is 14.29.
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The board of directors declared cash dividends totaling $175,800 during the current year. The comparative balance sheet indicates dividends payable of $40,400 at the beginning of the year and $36,400 at the end of the year.
What was the amount of cash payments to stockholders during the year?
The amount of cash payments to stockholders can be calculated by taking the dividends payable at the beginning of the year, subtracting the dividends payable at the end of the year, and adding the dividends declared during the year.
The amount of cash payments to stockholders during the year can be calculated as follows:
Amount of cash payments to stockholders =
Dividends payable at the beginning of the year - Dividends payable at the end of the year + Dividends declared during the year
Substituting the given values:
Amount of cash payments to stockholders = $40,400 - $36,400 + $175,800
= $179,800
Therefore, the amount of cash payments to stockholders during the year was $179,800.
This can be explained as follows:
Cash dividends are paid to stockholders by a company when it has generated sufficient profits and it wants to distribute those profits to its investors.
In this case, the board of directors declared cash dividends totaling $175,800 during the current year.
The comparative balance sheet indicates dividends payable of $40,400 at the beginning of the year and $36,400 at the end of the year.
Therefore, the amount of cash payments to stockholders during the year was
$179,800 ($40,400 - $36,400 + $175,800).
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available in greater amounts than would be wanted even if they were free.
The term that describes something available in greater amounts than would be wanted even if they were free is "abundant" or "in surplus."
When something is abundant, it means there is an excess or surplus of it, even to the point where having more of it is not desirable or valuable. This can apply to various resources, goods, or services that are available in quantities that exceed the demand or need for them. Even if they were offered for free, their abundance diminishes their perceived value or desirability.The statement "available in greater amounts than would be wanted even if they were free" refers to the concept of "economic surplus" or "excess supply." It means that there is an oversupply or surplus of a good or resource in the market, beyond the quantity that consumers or users desire or demand, even if it were offered for free.
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a statistic related to the sample size of a survey that suggests the numerical degree to which the survey may or may not reflect the actual opinions of the broader public is the
The statistic that relates to the sample size of a survey that suggests the numerical degree to which the survey may or may not reflect the actual opinions of the broader public is the margin of error.
The sample size is a measure of the total number of people who participate in a survey.
A sample size of 1,000 or more is generally sufficient to achieve a margin of error of plus or minus three percentage points,
which is often the desired level of accuracy for public opinion polls.
The margin of error (MOE) is the difference between the sample mean (or proportion) and the population mean (or proportion) in statistical inference.
The MOE gives us an idea of how much confidence we have in our results,
and it helps us to determine the validity of our conclusions.
A high margin of error indicates that the survey is less reliable and that the results are more likely to be inaccurate.
A margin of error of plus or minus 3% is a common standard for political polls.
For example,
if a political poll shows that 50% of the electorate supports a particular candidate,
the margin of error is plus or minus 3%,
which means that the true level of support for the candidate is likely to be between 47% and 53%.
the margin of error is a crucial statistic that provides us with an idea of how well the sample represents the population and how confident we can be in our results.
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In a country such as South Africa, the most important characteristic of the business world in which it operates includes. a. the freedom of individuals to establish any business of their choice b. the state owning and controlling the community's resources or factors of production c. the limited choice of products and services that the state offers d. the allocation of resources which are not affected by free markets
The country has a relatively free-market economy, which means that resources are allocated according to supply and demand and are not affected by the state
In a country such as South Africa, the most important characteristic of the business world in which it operates is the freedom of individuals to establish any business of their choice.
As an emerging economy, South Africa has made strides towards promoting economic growth through entrepreneurship, small business development, and foreign investment.
The government of South Africa has implemented a number of policies to support the establishment and growth of small and medium enterprises. These include the Small Enterprise Development Agency (SEDA), which provides training, advisory services, and funding support to entrepreneurs.
However, the government still plays a significant role in the economy through regulation and intervention.
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the accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. what form of processes do these represent? group of answer choices customer-facing processes business-facing processes industry-specific customer-facing processes all of the choices are correct
They represent business-facing processes. The methods and actions that allow a firm to communicate with its clients are known as business-facing processes. Thus, option B is correct.
From sales and marketing to customer service and support, it is customer-focused. These procedures frequently call either automation or manual method. Customer facing describes how a customer interacts with or perceives a feature of a commercial service. A client-facing solution, a crucial element of customer relationship management (CRM), is created to provide enjoyable user experiences across all customer touchpoints.
Customer-facing processes and business-facing processes are different in that customer-facing processes are those that customers see when transacting with a firm while business-facing processes cover all of the operational aspects of supplying an item or service.
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Your question seems to be incomplete, but most probably the complete question was:
The accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. what form of processes do these represent? group of answer choices
A. customer-facing processes
B. business-facing processes
C. industry-specific processes
D. customer-facing processes
E. all of the choices are correct
Banana company has the following financial data: the number of shares outstanding =1,500; par value =3; paid-in capital in excess of par= 4.000, then the price at the time of issuance is: Select one: a. $3.0 b. $3.67 c. $2.67 d. $5.67
The price at the time of issuance is $8,500, which means the correct option is not provided in the question.
Banana Company has the following financial data: the number of shares outstanding = 1,500;
par value = $3; paid-in capital in excess of par = $4,000.
The price at the time of issuance can be calculated as follows:
Price = (Par Value x Number of Shares Outstanding) + Paid-in Capital in Excess of ParPrice
[tex]= ($3 x 1,500) + $4,000[/tex]
[tex]Price = $4,500 + $4,000\\Price = $8,500\\[/tex]
Therefore, the price at the time of issuance is $8,500, which means the correct option is not provided in the question.
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the beasley corporation has just paid an annual dividend of $1.75 per share. if the required rate of return is 12.3 percent per year and dividends are expected to grow indefinitely at a constant rate of 9.2 percent per year, the intrinsic value of beasley corporation stock is closest to: A. $15.54
B. $56.45
C. $61.65
The intrinsic value of Beasley Corporation stock is closest to $61.65.To calculate the intrinsic value of a stock using the dividend growth model, we need to use the formula:
Intrinsic Value = Dividend / (Required Rate of Return - Dividend Growth Rate)In this case, the dividend is $1.75 per share, the required rate of return is 12.3% per year, and the dividend growth rate is 9.2% per year. Let's plug these values into the formula: Intrinsic Value = $1.75 / (0.123 - 0.092)Simplifying the equation:Intrinsic Value = $1.75 / 0.031 Calculating:Intrinsic Value = $56.45Therefore, the intrinsic value of Beasley Corporation stock is closest to $56.45.
To calculate the intrinsic value of a stock, we can use the dividend growth model. This model takes into account the current dividend, the expected growth rate of the dividends, and the required rate of return.Therefore, the correct answer is B. $56.45.
In this case, the Beasley Corporation has just paid an annual dividend of $1.75 per share. The required rate of return is 12.3% per year, and the dividends are expected to grow indefinitely at a constant rate of 9.2% per year.The formula for calculating the intrinsic value of a stock using the dividend growth model is:Intrinsic Value = Dividend / (Required Rate of Return - Dividend Growth Rate) Plugging in the values for this case, we have:Intrinsic Value = $1.75 / (0.123 - 0.092)
Simplifying the equation, we get:Intrinsic Value = $1.75 / 0.031Calculating this, we find that the intrinsic value of Beasley Corporation stock is closest to $56.45.
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Gerisch Consolidated sold 21,150 units of its only product last period. It had budgeted sales of 24,300 units based on an expected market share of 25 percent. The sales activity variance for the period is $340,200 U. The industry volume variance was $194,400 U.
Required:
a. What is the budgeted contribution margin per unit for the product?
b. What is the actual industry volume? c. What was the actual market share for Gerisch?
Note: Round your answer to 1 decimal place (i.e. .123 as 12.3). d. What is the market share variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
a. Contribution margin
per unit
b. Actual industry volume
units
c. Actual market share.
%
d. Market share variance
a) Budgeted contribution margin per unit The formula for contribution margin is: Contribution margin = Sales – Variable cost Therefore, budgeted contribution margin per unit = (Budgeted sales * Contribution margin ratio) / Budgeted sales Budgeted sales = 24,300 units Contribution margin ratio = (Contribution margin / Sales) = 35% (Given)Budgeted.
contribution margin per unit = (24,300 * 0.35) / 24,300 = $10.50b) Actual industry volume Actual sales = 21,150 units Industry volume variance = Sales - Industry volume Standard industry volume = Sales / Market share Therefore, industry volume variance = Sales - (Sales / Market share)Sales = 21,150 .
units Market share = 24,300 units / 0.25 = 97,200 units Standard industry volume = 97,200 units / 0.25 = 38,880 units Industry volume variance = 21,150 - 38,880 = ($17,730) Uc) Actual market share Actual market share = Actual sales /
Actual industry volume = 21,150 / 38,880 = 54.4%d) Market share variance Market share variance = (Actual market share - Budgeted market share)
Budgeted industry volume Market share variance = (54.4 - 25) * 24,300 = $633,120 U
Therefore, the answers are: a. $10.50 per unit b. 21,150 units c. 54.4%d. $633,120 U (unfavorable)
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Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,700 when the price is $4.19 each but that the demand is 3,500 when the price is $3.95 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity
This is the equation for the linear demand function of framing studs.
To write the demand function equation, we can use the point-slope form of a linear equation, which is:
(q - q₁) = m(p - p₁)
Where:
q = Quantity demanded
p = Price
(q₁, p₁) = Given point on the demand curve
Given that the demand for framing studs is 2,700 when the price is $4.19 each (q₁ = 2700, p₁ = 4.19) and the demand is 3,500 when the price is $3.95 each (q₂ = 3500, p₂ = 3.95), we can substitute these values into the equation:
(q - 2700) = m(p - 4.19)
Now we can calculate the slope (m) using the two points:
m = (q₂ - q₁) / (p₂ - p₁)
= (3500 - 2700) / (3.95 - 4.19)
= 800 / (-0.24)
= -3333.33 (approximately)
Substituting the slope and one of the points back into the equation, we have:
(q - 2700) = -3333.33(p - 4.19)
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objective and agenda in brief
this is the topic "A Study on Tourism and Hospitality Recovery
Program by Canadian Government"
thank you
The objective and agenda of the study on Tourism and Hospitality Recovery Program by Canadian Government are to provide insights on the current status and future of the industry. The study aims to develop strategies and policies for the recovery and growth of the industry.
Objective and Agenda of the Study on Tourism and Hospitality Recovery Program by Canadian Government: The objective of the study on Tourism and Hospitality Recovery Program by Canadian Government is to find out the possible and feasible ways for the recovery of the tourism and hospitality industry, that are affected by the global pandemic Covid-19. This study is focused on analyzing the impact of the pandemic on the tourism and hospitality sector and the steps taken by the Canadian Government to recover the industry. The study also aims to recommend the best possible policies and strategies to recover the industry.
The agenda of the study is to collect data on the current situation of the tourism and hospitality sector and analyze the situation and find the root cause of the problem. The study also aims to identify the needs of the tourism and hospitality sector and the areas that need to be prioritized for improvement. The study will examine the policies and programs of the Canadian Government related to tourism and hospitality and will evaluate their effectiveness. The agenda of the study is to provide recommendations for improving the industry and providing sustainable growth in the future.
The objective and agenda of the study on Tourism and Hospitality Recovery Program by Canadian Government are to provide insights on the current status and future of the industry.
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Analysts expect TPHB, Inc. to have an annual growth rate in its dividend of 125% over each of the next three years and forecast its growth rate to be 5.5% annually after that. TPHB will pay its first dividend today in the amount of $0.60 per share. The required rate of return on TPHB stock is 13.5%. a. What should TPHB's stock price be today? b. What would you expect the stock price to be two years from today? c. What would you expect the stock price to be five years from today?
The present value of a perpetuity formula, PV = (CF/R) can be used to determine the value of a stock. To do so, we must first calculate the dividend per share in the fourth year, which will serve as the perpetuity.
125% of $0.60 per share is $0.75 per share in the first year, $1.69 per share in the second year, and $3.77 per share in the third year, according to the calculations. The fourth-year dividend will be $5.16 per share, which is calculated as follows: [tex]$3.77 x 1.055[/tex].
Next, using the formula PV = (CF/R), where CF is the perpetuity cash flow, R is the required rate of return, and PV is the present value of the perpetuity, we can find the stock's value today.[tex]PV = ($5.16/0.135) = $38.22[/tex].
As a result, the current stock price is $38.22.
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Which statement best describes the main aim of accounting?
Select one:
A.
To ensure that the summary of assets balance with the summary of liabilities
B.
To provide useful financial information for decision making to a wide range of users
C.
To help entities balance their financial information
D.
To produce a trial balance
E.
To record every financial transaction individually
The statement that best describes the main aim of accounting is: To provide useful financial information for decision making to a wide range of users.
Accounting is a systematic process that entails collecting, classifying, and organizing financial data and transactions, preparing and presenting financial statements that demonstrate business performance, and disclosing this information to a wide range of users. Accounting is used to determine a company's financial position by examining its assets, liabilities, and equity. Liabilities are a business's obligations to its creditors and are divided into current liabilities, which must be paid within a year, and long-term liabilities, which can be paid over a longer period of time.What is financial?Financial refers to the monetary aspects of a company's business activities, such as transactions, investments, and the flow of money in and out of a business.Liabilities are an essential component of the balance sheet. Liabilities are obligations or debts that a business owes to outside parties, which include bank loans, mortgages, notes payable, accounts payable, and accrued expenses.
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Briefly explain what is meant by ‘elastic demand’ and ‘inelastic demand’. Provide an example for each.
Elastic demand and inelastic demand are two economic concepts that determine how a change in the price of a product affects the quantity of the product demanded by customers. Inelastic demand refers to a situation where changes in price have little impact on the demand for a product
Elastic demand refers to a situation where the demand for a product is highly sensitive to changes in price.
A small change in price can lead to a significant change in the quantity of the product demanded. Elastic demand can occur when a product has many substitutes or when it is a luxury item that can be delayed or avoided.For example, if the price of a particular brand of smartphone increases, consumers may choose to purchase a cheaper smartphone from another brand. Similarly, if the price of a luxury car increases, people may decide to postpone buying it, which would result in a decline in the demand for it.Inelastic demand refers to a situation where the demand for a product is not significantly affected by changes in price.
This situation typically arises when there are few or no substitutes available for the product. For example, if the price of insulin, which is essential for people with diabetes, increases, people with diabetes will continue to purchase it regardless of the price, since they require it to manage their health.Know more about the Elastic demand
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Which entity maintains the official national registry of state-certified and licensed appraisers?
a) Appraisal Subcommittee (ASC)
b) Appraisal Standards Board (ASB)
c) Appraiser Qualifications Board (AQB)
d) The Appraisal Foundation (TAF)
The entity that maintains the official national registry of state-certified and licensed appraisers is the Appraisal Subcommittee (ASC).
ASC stands for Appraisal Subcommittee which is a federal agency that was created as part of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, to oversee the appraisal regulatory process. The ASC monitors the State appraisal regulatory programs to ensure that they follow the regulations that have been established for appraiser qualifications, certifications, licensing, and renewal processes. The ASC maintains the official national registry of State-certified and licensed appraisers.
The Appraisal Subcommittee is responsible for overseeing the state appraisal boards in the United States and is authorized to perform audits and reviews to ensure that the states are following the minimum appraisal standards as established by The Appraisal Foundation (TAF).
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An asset having a cost of $70,000 and accumulated depreciation of $20,000 is revalued to $90,000 at the beginning of the current year. Depreciation for the year is based on the revalued amount and the remaining useful life of six years. Required: Prepare journal entries to reflect the revaluation of the asset and the subsequent depreciation of the revalued asset.
Revaluation Journal Entry:
Debit: Asset Cost ($70,000)
Credit: Accumulated Depreciation ($20,000) and Revaluation Surplus ($20,000)
Depreciation Journal Entry:
Debit: Depreciation Expense ($10,000)
Credit: Accumulated Depreciation ($10,000)
The journal entries for the revaluation of the asset and the subsequent depreciation of the revalued asset :
Part 1: Revaluation Journal Entry
The revaluation of the asset will result in the creation of a revaluation reserve account. The asset's original cost was $70,000, but it was revalued to $90,000 at the beginning of the current year. Therefore, the revaluation reserve account will be credited with $20,000 (90,000 – 70,000).
Revaluation Journal Entry:
Account Titles Debit Credit
Asset Cost $70,000
Accumulated Depreciation $20,000
Revaluation Surplus $20,000
Asset Cost $90,000
Part 2: Depreciation Journal Entry
The depreciation expense for the year will be computed on the basis of the revalued amount ($90,000) and the remaining useful life of six years. The depreciation expense will be $10,000 per year ($90,000/6).
Depreciation Journal Entry:
Account Titles Debit Credit
Depreciation Expense $10,000
Accumulated Depreciation $10,000
Total $10,000 $10,000
In summary, the journal entries for the revaluation and subsequent depreciation are as follows:
Revaluation Journal Entry:
- Asset cost: $70,000
- Accumulated depreciation: $20,000
- Revaluation surplus: $20,000
Account Titles Debit Credit
Asset Cost $70,000
Accumulated Depreciation $20,000
Revaluation Surplus $20,000
Asset Cost $90,000
Depreciation Journal Entry:
- Depreciation expense: $10,000
- Accumulated depreciation: $10,000
Account Titles Debit Credit
Depreciation Expense $10,000
Accumulated Depreciation $10,000
Total $10,000 $10,000
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In addition to international mutual funds, critically discuss how investors can achieve international portfolio diversification "at home" from the perspective of dollar-based investors
Expert Answer
In addition to international mutual funds, dollar-based investors can achieve international portfolio diversification "at home" by investing in American Depository Receipts (ADRs), multinational corporations (MNCs), and exchange-traded funds (ETFs) that are focused on foreign markets.
ADRs are certificates issued by a US bank that represent ownership of a foreign company's stock and are traded on US exchanges. MNCs are companies that operate in multiple countries and generate revenue and profits from foreign operations. ETFs provide exposure to foreign markets by investing in a basket of stocks from a particular country or region. Investing in ADRs, MNCs, and ETFs can provide investors with exposure to foreign markets while avoiding the complications and risks associated with investing directly in foreign stocks. These investments also provide the benefits of diversification across sectors and industries within foreign markets, which can help reduce risk and increase returns.
However, investors should be aware that there are risks associated with investing in international markets, such as currency risk, political risk, and economic risk. Therefore, it is important to conduct thorough research and due diligence before making any investment decisions and to diversify across different asset classes and regions to manage risk. In conclusion, dollar-based investors can achieve international portfolio diversification "at home" by investing in ADRs, MNCs, and ETFs that provide exposure to foreign markets while minimizing the risks associated with investing directly in foreign stocks. It is important to be aware of the risks associated with investing in international markets and to diversify across different asset classes and regions to manage risk.
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A major vehicle for evaluation is the __________, which is a more or less formal inquiry into any aspect of the project.
a) ethical audit
b) project audit
c) moral compass
d) technical audit
A major vehicle for evaluation is the project audit, which is a more or less formal inquiry into any aspect of the project.
A project audit is a systematic examination or evaluation of a project to assess its progress, performance, and adherence to project objectives, plans, and standards. It is a comprehensive review that can be conducted at different stages of the project lifecycle. The purpose of a project audit is to identify strengths, weaknesses, risks, and areas for improvement in order to enhance project efficiency and effectiveness. It helps stakeholders gain insights into the project's performance, identify potential issues, and make informed decisions for project management and future endeavors. An ethical audit, moral compass, and technical audit may also be relevant in specific contexts but do not encompass the broad evaluation of all project aspects.
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Industrial Revolution technologies post-COVID- 19 The COVID-19 pandemic resulted in changes in South Africa's private sector as well. 4 th Industrial Revolution technologies are being implemented to varying degrees depending on the firms' capabilities. Those that could not deploy these technologies have either shut down or had to close temporarily. Although digitization and automation already began developing during the Third Industrial Revolution, we are now witnessing an increasing integration of such technologies in how we work and live. Source: (https://www.unido.org/stories/south- africas-capacity-deploy-fourth-industrial- revolution-technologies-post-covid- 19#: :text=The%204IR%20technologies%20that%20sav Question: 2.1 As the world moved from the first to the fourth (current) Industrial Revolution, various factors influenced organisations to change. List any five of these factors and describe how they caused organisations to adapt. ( 5×3=15 marks) You are the Minister of environmental Affairs of the Republic of South Africa. You've just been invited to talk to the final year students of EBAD411 at NMU's main campus about the topic and ministerial environmental portfolio. As part of your brief you were asked to name and define each of the elements of sustainable development. [6] QUESTION 1.2 Greta Thunberg and climate change are synonymous topics for a very specific reason. Briefly discuss who she is, how she became relevant in the context of this course and what she stands for? [3]
2.1 Factors that influenced organisations to change from first to fourth Industrial Revolution are:Industrialization - The first factor was the industrialization of Europe in the late 18th and early 19th centuries. The factory system, powered by steam engines, increased productivity and revolutionized transportation.
Companies have access to a wider market and resources.Automation - The fourth factor is automation. Automation refers to the use of machines or robots to perform tasks that were previously performed by people. Automation has resulted in increased productivity, reduced costs, and improved quality.Internet - The fifth factor is the internet, which has revolutionized communication and information-sharing, and transformed the way people work and live.QUESTION 1.2Greta Thunberg is a Swedish environmental activist who became well-known for her efforts to address climate change.
She rose to prominence in 2018 when she began a school strike for climate outside the Swedish Parliament. Since then, she has spoken at numerous events and rallies around the world to raise awareness about the need to take action on climate change.Thunberg became relevant to this course because she has been a prominent voice in the global conversation on climate change, and her activism has inspired many young people around the world to take action on environmental issues. She stands for urgent action to address climate change and has called on leaders around the world to take more decisive action to reduce greenhouse gas emissions and protect the planet.
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True or False the opportunity cost of staying in college for a star
male basketball player is much lower than for a star female True
False
The statement "True or False the opportunity cost of staying in college for a star male basketball player is much lower than for a star female" is false. The opportunity cost of staying in college for a star male basketball player is not much lower than for a star female.
This is because both the male and female basketball players have an equal opportunity cost of staying in college.The opportunity cost is the value of the next best alternative that one foregoes in order to pursue a certain action. For instance, if a star male basketball player decides to stay in college, he will not be able to sign a contract with the NBA.
The opportunity cost of staying in college is the value that he would have got by signing the contract with the NBA. The same opportunity cost applies to a female basketball player if she decides to stay in college. She would miss the opportunity to sign a contract with the WNBA.
The opportunity cost is dependent on the decision of the individual. Therefore, it is not true that the opportunity cost of staying in college for a star male basketball player is much lower than for a star female. Both genders have the same opportunity cost of staying in college.
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You continue as the Vice President Human Resources of a tech startup called SPARK and your need to hire staff and create a cohesive team so you can launch your app and build your business. You have also noticed the industry has changed and SPARK must change too or lose market share. Your manager the CEO wants you to write a FINAL report (min 2 pages of written - no maximum) that outlines how you can APPLY the learning from MAN 1163 to the recruiting, screening, hiring, training and team building of staff at SPARK using: Organizational Structure & Change Management.
As the Vice President of Human Resources at SPARK, a tech startup, hiring staff and creating a cohesive team is necessary to launch the app and build the business.
In addition, the industry has changed, and SPARK must adapt to avoid losing market share.
The CEO wants a final report on how to apply MAN 1163's learning to recruiting, screening, hiring, training, and team building of staff at SPARK using Organizational Structure & Change Management.
Organizational structure: organizational structure is the system of tasks, workflows, and lines of authority used by an organization to accomplish its goals.
It's a crucial factor in a company's operations, as it establishes the hierarchy, roles, and responsibilities of employees.
The structure affects how workers interact and collaborate, how communication is managed, and how work is completed.
Managers can use it to optimize job performance, provide appropriate instruction and guidance, and increase overall organizational efficiency.
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tan Company purchased a large server for $ 38500.the Company paid 45.00%of the value as a down payment and received a loan for the balance at 5.25% compounded monthly. the loan has a term of 5 years and tan Company has to make month end payments to settle the loan.
1.what is the size of month end payments.
2. what was total amount paid to settle the loan?
3. calculate the total amount of interest paid throughout the term of the loans
Given: The tan Company purchased a large server for $ 38500. The Company paid 45.00% of the value as a down payment and received a loan for the balance at 5.25% compounded monthly.
The loan has a term of 5 years.
Solution:
Given: Cost of the server = $ 38500Down payment made by the company = 45.00% = 0.45
Balance payment to be made through the loan = $ 38500 - (0.45 * 38500) = $ 21175Principal amount = $ 21175Interest rate = 5.25% compounded monthly
Time period = 5 years = 5 * 12 = 60 months1.
Size of month-end payments:
In order to calculate the size of month-end payments, we have to first calculate the number of monthly payments required for the loan.
N = 60, i = (5.25/12)/100, P = 21175
Monthly payment amount = (P * i)/(1 - (1 + i)^(-N))= (21175 * (5.25/12)/100) / (1 - (1 + (5.25/12)/100)^(-60))= $ 406.29
Therefore, the size of month-end payments is $ 406.29 (approx).
2. Total amount paid to settle the loan:
The total amount paid to settle the loan is the sum of the down payment made by the company and the total amount of payments made at the end of the loan term.
Down payment = 0.45 * 38500 = $ 17325Total amount of payments made at the end of the loan term = $ 406.29 * 60 = $ 24377.40Therefore, the total amount paid to settle the loan = $ 17325 + $ 24377.40= $ 41702.40 (approx)
3. Total amount of interest paid throughout the term of the loan:
The total amount of interest paid throughout the term of the loan is the difference between the total amount paid to settle the loan and the principal amount.
Total interest paid = $ 41702.40 - $ 21175= $ 20527.40
Therefore, the total amount of interest paid throughout the term of the loan is $ 20527.40 (approx).
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Explain the proper accounting treatment of goodwill and
noncontrolling interest in business and nonprofit combinations.
Goodwill refers to the difference between the purchase price of a company and its book value. Goodwill is only recognized as an asset if it was acquired in a business combination. Noncontrolling interests refer to the portion of a subsidiary that is not owned by the parent company.
The treatment of goodwill and noncontrolling interest in business and nonprofit combinations varies depending on the nature of the combination.
The proper accounting treatment of goodwill and noncontrolling interest in business and nonprofit combinations includes the following:
Goodwill Business combinations:
If goodwill is acquired in a business combination, the company should initially recognize it at its acquisition cost. The goodwill amount is then tested for impairment at least annually. If the carrying amount of goodwill is less than the fair value, no impairment loss is recognized.
However, if the carrying amount of goodwill is more than the fair value, an impairment loss is recognized. Nonprofit combinations:
Nonprofit organizations are not allowed to recognize goodwill as an asset.
Noncontrolling interest Business combinations:
Noncontrolling interests should be recognized at their fair value at the acquisition date. Any difference between the fair value of noncontrolling interests and the acquisition cost should be recognized as goodwill.
Nonprofit combinations:
Nonprofit organizations may recognize noncontrolling interests in a nonprofit combination if the interests meet the definition of an asset or liability. The interests should be recognized at fair value if the fair value is reasonably determinable.
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