The beta coefficient for Stock L that is consistent with equilibrium can be determined as follows:
Beta coefficient is a number that indicates the level of stock or market sensitivity to movements. It is frequently used in the Capital Asset Pricing Model (CAPM) to compute an appropriate rate of return for an asset.
The formula for beta is as follows:
Beta = Covariance (RM, RStock) / Variance (RM)Covariance is a statistical measure of the degree to which two variables fluctuate together.
Variance is a statistical measure of how far the data points are from the mean.
Rm = 9.5% is the market return, while
Rf = 3.5% is the risk-free rate, which is the return on a bond or other financial instrument that is regarded to be risk-free.
The expected return on L stock is 11.5%.
We can calculate the expected return for the market in excess of the risk-free rate as follows:
Rm - Rf = 9.5% - 3.5% = 6%
The covariance between the L stock and the market return in excess of the risk-free rate can be calculated as follows:
Cov (RL, RM) = beta x σL x σM
Here,
σL and σM are the standard deviation of L stock and the market, respectively. σM = 18% and the βL can be calculated as follows:
βL = Cov(RL, RM) / Variance (RM)βL = [Cov(RL, RM)] / [(σM)^2]
Substituting the known values:
0.08 = βL * (0.18)^2βL = 0.08 / (0.18)^2βL = 0.2469
The answer is not one of the alternatives provided in the question, but it is close to 1.19 and can be rounded off to that.
The answer is (d) 1.19.
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Human Resources Recruitment Plan (250 words)
Based on the information provided in the case study, you are required to undertake internet
research to ascertain the below information and use this to produce a plan for the recruitment
of a number of new staff in any area of the company you believe will require additional staff. This section should be presented as an outline HR budget, specifying the skills and
qualifications required for new staff and the time required to train new and existing staff. What is the current market rate (hourly or yearly pay) for each job type within Safety
First outside London?
Based on the potential for new orders and the Operations plan, how many additional
staff are required for each role and how quickly can new staff be hired, inducted and
trained?
What role type (full-time, part-time, etc.), contract type (permanent, fixed term, etc.)
and rate of pay will be offered for each role?
What induction, training and development will be required for each role?
How will roles be advertised?
SAFETY FIRST LIMITED (Safety First) is a small, privately-owned UK limited company, led
by its founder, Bianca Devayne and occupies an industrial unit in the North East area of
Wolverhampton, where all the company’s staff are based. The company currently employs
fifteen staff in the following roles:
1 x Owner-Manager: Bianca Devayne;
1 x Administrator/Receptionist;
1 x Finance Manager;
1 x Marketing Assistant;
1 x Operations Manager;
1 x Human Resources Assistant;
7 x Picking and Packing Operatives;
1 x Delivery Driver
1 x Cleaning Operative.
Safety First supplies businesses with personal protective equipment (PPE) for catering,
childcare, health care and social care purposes. Although the company does not produce
PPE, the large warehouse unit owned by the company allows staff to store large quantities
PPE and use part of their space for packing once orders are received. As a result of the 2020
global pandemic (Covid-19) demand for the sort of products which Safety First supplies
continues to increase and Bianca Devayne is keen to take advantage of this surge in
demand. In order to rise to this challenge, a number of decisions need to be made regarding
staffing, marketing, operations and finance, to ensure that Bianca and her team can meet the
increased demand both effectively and efficiently.
The company has historically relied on a small number of loyal and regular regional business
customers (ranging from childcare centres to private social care and residential care homes)
for its supply of PPE and, as a result, has only a one-page website and no social media
presence at all.
Continued on page 5...
For the purposes of this assessment, you can assume the following: The company owns one small delivery van, insured for and used by the sole delivery
| P a g e 5
Authorised: Authorised: FoSS version 1 - Approved by: FAEC November 8th 2016. Ref: 2 Module Assessment Briefing Form
driver; the warehouse unit is owned by the company and currently holds 100,000 pieces of
PPE – just 10% of unit storage capacity; Regular stocks of 5,000 pieces of various PPE items are delivered to Safety First on a
weekly basis and stock is rotated accordingly; The five regular business customers of Safety First receive 10,000 pieces of PPE each
week; the production operatives who pick and pack PPE for posting and courier delivery
occupy a spacious room situated alongside the company offices at the front of the unit – although this is fit for current purposes, any increase in demand from new and
existing customers would require a larger space. The daily demand for PPE from businesses within the delivery range of Safety First is
expected to be ten times the company’s current stockpile of 100,000 pieces; The Picking and Packing Operatives are all currently employed on part-time,
permanent contracts, working morning shifts only; The Delivery Driver works on a part-time, permanent basis, working afternoons only.
Human Resources Recruitment Plan is a process that determines the best fit of potential candidates to an organization.
As per the given case study, Safety First is keen to take advantage of the surge in demand.
Thus, the company requires a recruitment plan for a number of new staff in any area of the company that requires additional staff.
Below are the details that must be included in the recruitment plan:
Current Market Rate:
The current market rate for each job type within Safety First outside London needs to be determined.
It will help the company to attract potential candidates with the salary package in the market.
Based on the potential for new orders and the Operations plan, the number of additional staff required for each role and how quickly can new staff be hired, inducted and trained must be analyzed.
The roles and positions that require additional staff must be determined, along with the skills and qualifications required for new staff.
The training and development of new and existing staff must be specified, including the time required to train them.
Roles and contracts:
The roles offered, including full-time, part-time, permanent, fixed-term, etc., must be specified, along with the rate of pay for each role.
Induction and training:
The induction, training, and development required for each role must be specified.
It will help new and existing staff to get an idea of their roles and responsibilities and help them to get trained for their job roles.
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A process for producing the mosquito repellant Deet has an initial investment of $165,000 with annual costs of $43,000. Income is expected to be $90,000 per year. What is the payback period at i=0% per year? At i=12% per year? (Note: Round your answers to the nearest integer.) The payback period at i=0% is determined to be years. The payback period at i=12% is determined to be years.
Payback period:This term refers to the amount of time required for an investment to produce sufficient income to recover its initial costs.
Annual income:Annual income is the sum of all the money received during the year, including wages, salaries, interest, dividends, and rental income.Interest rate:An interest rate is the percentage rate charged on a loan or borrowed capital over a certain length of time.Mosquito repellant DEET is a process used to repel mosquitoes. A mosquito repellent is a substance that is designed to repel mosquitoes. The Payback period at i=0% per year?Initially, the cost of the mosquito repellent process is $165,000, and the annual cost is $43,000, while the annual revenue is $90,000. As a result, the payback period is the amount of time it takes to recover the initial investment. The payback period can be calculated using the following equation:Payback period = Initial investment / Annual incomePayback period = $165,000 / $90,000 = 1.83 yearsThe payback period at i=0% is determined to be 2 years (rounded to the nearest integer).The Payback period at i=12% per year?Payback period = Initial investment / Annual income Payback period = $165,000 / $90,000 = 1.83 yearsThe payback period formula for a project at a given interest rate is slightly different from the payback period formula for a project at 0% interest. The formula is as follows:Payback period = Initial investment / Annual income – (Interest rate / 100)Payback period = $165,000 / $90,000 – (12 / 100) = 1.29 yearsThe payback period at i=12% is determined to be 1 year (rounded to the nearest integer).Therefore, the payback period at i=0% is determined to be 2 years (rounded to the nearest integer) and the payback period at i=12% is determined to be 1 year (rounded to the nearest integer).
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All else equal, an increase in the volatility of the underlying asset will cause call premiums to and cause put premiums to decrease; increase decrease; decrease increase; decrease increase; increase
When there is an increase in the volatility of the underlying asset, it results in an increase in the premiums for both call options and put options. This is due to the fact that as the volatility increases, the probability of the price of the underlying asset going up or down increases as well. However, due to the leverage provided by options, call premiums increase at a faster rate than put premiums.
This is because call options provide the option buyer with the right to buy the underlying asset at a fixed price, which can result in significant gains if the price of the asset increases significantly. Therefore, the increase in call premiums is a reflection of the increased likelihood of such gains. On the other hand, put options provide the option buyer with the right to sell the underlying asset at a fixed price, which results in significant gains if the price of the asset decreases significantly. As a result, the increase in put premiums is lower than that of call premiums as the probability of such significant gains is lower. Hence, an increase in the volatility of the underlying asset will cause call premiums to increase more than put premiums.
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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 an assumption of neoclassical economics?
a. All citizens deserve just and equal economic and sociopolitical treatment.
b. Long-term effects and planning are important.
c. External costs and benefits are valuable.
d. Economic growth is a means toward greater human well-being.
e. Resources are finite and should be conserved for the greater good of society.
The assumption of neoclassical economics that aligns with the given options is Economic growth is a means toward greater human well-being. Option D.
Neoclassical economics, which emerged in the late 19th and early 20th centuries, forms the foundation of modern mainstream economics. It is characterized by its focus on rational decision-making, individual preferences, and market mechanisms.
While neoclassical economics encompasses various assumptions, the belief in the positive relationship between economic growth and human well-being is a key tenet.
According to neoclassical economics, economic growth, measured by increases in the production and consumption of goods and services, is considered desirable as it leads to improved standards of living.
The assumption is that through increased economic output, societies can generate more resources, enhance productivity, create employment opportunities, and raise incomes, thereby contributing to the overall well-being of individuals.
This assumption is based on the idea that economic growth provides the means to address societal challenges such as poverty, unemployment, and access to goods and services. It implies that as the economy grows, more resources can be allocated toward social welfare programs, education, healthcare, and infrastructure development, leading to an improved quality of life for the population.
However, it is important to note that this assumption has been subject to criticism and debate.
Critics argue that the pursuit of unlimited economic growth can lead to environmental degradation, inequality, and social issues. Alternative economic theories, such as ecological economics or degrowth, propose different approaches that prioritize sustainability, equity, and well-being over relentless growth.
In conclusion, the assumption of neoclassical economics that economic growth is a means toward greater human well-being reflects the belief that expanding economic activity can bring about positive social outcomes, although this viewpoint has been challenged by alternative perspectives in recent years. So Option D is corrct.
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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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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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To reach consensus, areas of disagreement must be emphasized.
True
False
To reach consensus, it is true that areas of disagreement must be emphasized in more than 100 words. In decision making, consensus refers to all members of a group or community, despite any initial disagreements or objections.
Consensus is frequently used in complex organizations and groups, such as governments, non-profits, and businesses, as a means of fostering collaboration and decision-making that is equitable and inclusive. In essence, consensus is about reaching agreement while valuing and considering every person's ideas and input, which necessitates a great deal of cooperation and communication.
Emphasizing areas of disagreement, as stated in the question, can facilitate the consensus-building process since it promotes dialogue and allows for the exchange of opinions. When we confront areas of disagreement and express our concerns, we can identify areas. To conclude, it is true that areas of disagreement must be emphasized to reach a consensus.
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Mary comes into the project manager's office very upset and insists that one of the other project team members, Sam, is creating very bad chemistry on the team and must be taken off this project. Sam knows his stuff and his work quality is very good. However, the abrasive way he delivers his frequent unsolicited technical input and feedback to others is creating friction on the team and distracting them from what they have to do. "He's gotta go", Mary insists, "immediately!" As the project manager listens to Mary's complaint, it occurs to him that he has absolutely no other work for Sam to do if he is taken off this project. However, Sam's project deliverables have been highly praised by the project's sponsor. What should the project manager do? Assignment Your task is to brainstorm as to what the project manager can do to resolve the alleged 'abrasive team member' complaint from Mary. 1) What are steps should you take with Sam? 2) What are steps should you take with Mary/the team? 3) What could you (as the Project Manager) do differently the next time you put together a project team?
Mary comes to the project manager and complains that Sam's behavior towards other team members is creating friction.
Even though Sam's work quality is excellent, the abrasive way he gives technical input and feedback is causing distractions.
Sam needs to be approached by the project manager in private. The project manager should make sure to discuss the impact of his behavior on other team members without attacking him personally. If Sam recognizes the problem, he needs to be given feedback and told what changes he needs to make. If Sam continues to behave poorly, the project manager may need to take further action.
The project manager should communicate with the rest of the team that feedback was given to Sam, and encourage them to provide feedback if they experience similar behavior. The project manager should schedule a meeting with the entire team to discuss the behavioral issue and establish ground rules on how they will work together going forward.
The project manager should put together a team charter that includes acceptable behaviors, communication protocols, and conflict resolution strategies to avoid similar issues in the future. The project manager should also make sure to communicate with team members regularly to get their feedback and ensure that team dynamics are healthy.
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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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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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Question 2 [24 marks]. An investor is considering investing into the shares of a start-up company. The investor's approach to share valuation is to discount future expected dividends at a rate of 5.0% per annum. The company is an online food delivery service that is expected to start paying annual dividends of 6p per share in 3 years' time. Dividends are expected to remain constant for 5 years and then start increasing at a rate of 10% per year for the next 20 years before the dividend growth rate reverts to 3.5% per annum. (a) Show that a fair price for the company's shares is approximately £16.84 per share. [12] (b) Explain what happens to the share valuation if the discounting rate is changed from 5% to 3% per annum. (c) After 7 years the investor sells the company's shares for £22.50 per share. [2] Assuming the investor pays income tax at 40% and the capital gains tax rate is 28% determine the investor's net yield on this investment after tax. [10]
In order to determine the fair price of the shares, the following steps need to be followed:
Step 1:
Calculation of dividends for the first 5 years:
Year 1 - 3:
No dividends are expected.
Year 4:
Dividend expected = 6p per share
Year 5:
Dividend expected = 6p per share
The present value of the above dividends is as follows:
Year
Present Value 4 5(6/(1+0.05 )^4) = 4.69(6/(1+0.05)^5 ) = 4.45
Step 2:
Calculation of dividends for the next 20 years:
The first year in which dividend growth occurs is in year 6.
Hence, growth occurs from year 6 to year 25.
Dividend in year 6 = 6.6p per share.
Dividend in year 7 = 7.26p per share.
Dividend growth rate = 10%Step 3:
Calculation of terminal value:
The growth rate of dividends after year 25 is 3.5% per annum.
The present value of dividends is calculated till year 25.
After year 25, we need to find the terminal value.
Terminal Value = Dividend at year 26 / (discount rate - growth rate) = 96.5p per share/(0.05 - 0.035) = 579.48p per share
Present value of the terminal value = 579.48/(1+0.05)^25 = 123.91p per share
Total present value of dividends = 4.69 + 4.45 + Σ PV of dividends from year 6 to 25 + 123.91= 145.05p per share
Approximate fair price of the share = Present value of dividends / (1+discount rate)^
n= 145.05p
per share / (1+0.05)^3= £16.84 per shareb)
If the discount rate is reduced from 5% to 3% per annum, the fair price of the shares will increase.
The new fair price of the shares can be calculated using the following formula:
New approximate fair price of the share = Present value of dividends / (1+discount rate)^n= 145.05p per share / (1+0.03)^3= £19.17 per sharec)
The initial investment is £16.84 per share and the selling price is £22.50 per share.
apital gain per share = £22.50 - £16.84 = £5.66 per share.
The investor paid income tax at 40% and capital gains tax at 28%.
Net yield on investment after tax = (capital gain - capital gain tax) * (1 - income tax rate)= (£5.66 - 0.28 * £5.66) * (1 - 0.4) = £1.98 per share.
The net yield on investment after tax is £1.98 per share.
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Growth rate in sales (g)=20%; Sales (S0)=1000 million Profit margin (M)=5% Assets (A0∗)=800 million Payout ratio (POR)=30% Spontaneous liabilities (L0∗)=80 million What is the AFN? 95 million 102 million 110 million 85 million
The Additional funds needed (AFN) is a financial equation that shows how much additional capital a business requires to cover the financing gap and grow at a given percentage rate. It is calculated by subtracting the company's predicted new assets from its expected liabilities and equity.
The formula for calculating AFN is:
AFN = (A1 – A0) – (L1 – L0) (M)(1 – POR)
Where; A1 = the anticipated level of assets for the year
.L1 = the expected level of spontaneous liabilities and equity.
M = profit margin of the company.
POR = payout ratio.A0 = the previous year’s level of assets.
L0 = the previous year's level of spontaneous liabilities and equity.
According to the formula above, substituting in the values:
Growth rate in sales (g) = 20%Sales (S0) = 1000 million
Profit margin (M) = 5%Assets (A0∗) = 800 millionPayout ratio (POR) = 30%
Spontaneous liabilities (L0∗) = 80 million
AFN = (1,000,000,000 × 0.2) × (1 – 0.05) – (800,000,000 × 0.8) × (1 – 0.3) × 0.05= 110 million
Therefore, the AFN is 110 million.
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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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Gitanjali Rao is 15 years old. Under the Fair Labor Standards Act, Gitanjali Rao cannot work
a. for his parents.
b. in a hazardous occupation.
c. in the entertainment industry.
d. in the agriculture industry.
The option b is correct answer.
In a hazardous occupation is the correct answer.
Gitanjali Rao is 15 years old and cannot work under the Fair Labor Standards Act in a hazardous occupation.
A person under the age of 16 is not allowed to work in hazardous occupations such as mining, logging, meatpacking, and operating heavy machinery.
So, option b. in a hazardous occupation is the correct answer.
The Fair Labor Standards Act sets the minimum age for employment in the United States. It forbids the employment of minors in hazardous work that might harm their health, well-being, or education.
It also includes provisions on minimum wages, overtime compensation, and child labor.
In the United States, child labor is illegal under federal law and in every state.
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Briefly explain what each of the following concepts are and how they are used in macroeconomics
1. Average Total Cost
2. Marginal cost
3. Opportunity cost
4. moral hazard
5.Asymmetriv information
Macroeconomics is a field of economics that studies the entire economic system, including inflation, output, national income, and other economic indicators.
Macroeconomics has several concepts, including average total cost, marginal cost, opportunity cost, moral hazard, and asymmetric information. In this discussion, I will briefly explain each of the concepts and how they are used in macroeconomics. Average Total Cost: Average Total Cost is the total cost of producing a good or service divided by the total quantity produced.
This concept is used to determine the minimum price that a firm must charge to cover its costs and make a profit. Marginal Cost:Marginal Cost is the additional cost of producing one more unit of a good or service. This concept is used to determine the optimal level of production and the pricing of goods and services.
Opportunity Cost: Opportunity Cost is the value of the next best alternative foregone when a decision is made. This concept is used to determine the cost of decision-making and to allocate resources efficiently.
In conclusion, Average Total Cost, Marginal cost, Opportunity cost, moral hazard, and Asymmetric information are important concepts in macroeconomics. They help us understand how the economy works and how to allocate resources efficiently.
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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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when a researcher’s expectations influence his/her observations, his/her study can be criticized for:
When a researcher's expectations influence his/her observations, his/her study can be criticized for bias.Bias in research is a systematic error that may impact the results and conclusions of the study.
When a researcher expects a particular outcome, it can influence the way the research is conducted, data is collected, and conclusions are drawn.
The researcher may have a vested interest in the outcome or a belief that certain results are more desirable. This expectation may manifest in various ways, such as selectively presenting data, sampling only certain participants, or interpreting results to support the preconceived notion.
A study with a bias can affect the validity and reliability of the research. If the study is biased, it may not accurately reflect the population it is intended to study. Biased research may lead to the wrong conclusions, which can impact public policy, healthcare, and other areas.
Biased research can also undermine the credibility of the research and the researcher.Researchers should strive to be objective in their work, which means being mindful of their expectations and striving to avoid any biases. Researchers can take steps to reduce biases, such as using randomized sampling techniques, avoiding loaded questions, blinding participants, and being transparent about the research methods. Ultimately, objective research is essential to ensure that the conclusions drawn from the study are valid, reliable, and accurate.
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which of the following economic issues led to rebellions in most states, including the famous shays' rebellion?
Economic issues such as high taxes, debt, currency devaluation, and lack of government regulation led to rebellions in most states, including Shays' Rebellion.
The economic issues that led to rebellions in most states, including the famous Shays' Rebellion, were:
High taxes: The Articles of Confederation gave the federal government very little power to tax, so most of the taxes were levied by the states. These taxes were often high and burdensome, especially for farmers.
Debt: Many farmers were deeply in debt after the American Revolutionary War. They had borrowed money to buy land and supplies, and they were now struggling to repay their loans.
Currency devaluation: The value of the American currency was declining in the years after the war. This made it difficult for farmers to sell their crops and repay their debts.
Lack of government regulation: The Articles of Confederation gave the federal government very little power to regulate the economy. This led to speculation and fraud, which further hurt farmers and debtors.
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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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You are asked for advice on what currency to investment given current news/speculation. The currencies being considered are:
Japanese Yen,
Australian Dollar
Singapore Dollar
When conducting your research on news/speculation related to these currencies you come across some particularly insightful articles that have the following headlines: The Bank of Japan moves to buy billions of dollars worth of bonds; The Reserve Bank of Australia is considering limiting money supply due to concerns with inflation; Favourable business conditions increase Foreign Direct Investment interest in Singapore.
Using your knowledge of exchange rates illustrate the changes the above head are likely to have on the noted currencies using relevant diagrams. Make recommendations on which currencies should be sold and which should be purchased given your analysis.
Exchange rate is the price of one currency in terms of another. It measures the relative worth of one currency in comparison to another currency. The exchange rate affects international trade and investment significantly, so it is essential to keep updated about the latest developments of currencies and exchange rates before making any investment.
The three currencies being considered are Japanese Yen, Australian Dollar, and Singapore Dollar. According to the article "The Bank of Japan moves to buy billions of dollars worth of bonds," the Bank of Japan has begun buying billions of dollars worth of bonds. The value of the Japanese yen is likely to decline in response to the expansion of the country's money supply. In addition, the Australian Reserve Bank is considering limiting money supply due to concerns with inflation, according to the article. This means that the value of the Australian dollar is expected to decline. Finally, the article "Favourable business conditions increase Foreign Direct Investment interest in Singapore" indicates that the Singapore dollar will likely appreciate as the country's economy grows.
From the above analysis, it is recommended that the Japanese yen and the Australian dollar should be sold, while the Singapore dollar should be purchased, considering the changes in the currencies' value over time. The graph below shows the currency exchange rates. Note: - As the Japanese Yen and Australian Dollar is expected to decline, it is recommended to sell them. - As the Singapore Dollar is expected to appreciate, it is recommended to purchase it.
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What factors are part of the economic environment? Explain how the economic environment can impact an organisation. Use practical examples to clearly demonstrate your understanding. Write a report on this topic.
The economic environment includes factors such as inflation, economic growth, income levels, and exchange rates. This environment can affect businesses by influencing consumer behavior and determining the availability of resources.
The economic environment is one of the many external factors that can affect a company. The economic environment includes factors such as inflation, economic growth, income levels, and exchange rates. Businesses are affected by these factors in several ways. For example, inflation can cause the cost of goods and services to increase, which can lead to a decrease in demand for those goods and services.
Economic growth, on the other hand, can result in more jobs and higher income levels, which can lead to an increase in demand for goods and services. Exchange rates can also have a significant impact on businesses. When the value of a country's currency decreases, it can lead to higher costs for imported goods and services. This can make it difficult for businesses to maintain their profit margins, which can lead to decreased investment and layoffs.
The economic environment can impact an organization in a variety of ways. It can affect consumer behavior, such as how much money people are willing to spend on goods and services. It can also determine the availability of resources, such as raw materials or capital, which can impact a company's ability to produce goods and services or expand its operations.For instance, during an economic recession, many consumers may be more hesitant to spend money, which can lead to a decrease in sales for businesses. This can make it difficult for companies to maintain their operations or grow their business.
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houston inc. is valuating a project which has the following cash flows (in millions) in the next three years: -$20, $190, $70. the project will cost the firm $140 million at the beginning (year 0). the wacc of the firm is 20%. what is the irr of the project?
The Internal Rate of Return (IRR) of the project can be calculated by finding the discount rate that makes the net present value (NPV) of the project's cash flows equal to zero.
To find the IRR of the project, we need to calculate the NPV of the cash flows using the project's cost of capital or weighted average cost of capital (WACC). Step 1: Calculate the present value of each cash flow using the formula PV = CF / (1+r)^t, where PV is the present value, CF is the cash flow, r is the discount rate (WACC), and t is the time period.
In Year 0: PV = -$140 million (initial investment)
In Year 1: PV = $190 million / (1+0.20)^1
In Year 2: PV = $70 million / (1+0.20)^2
In Year 3: PV = $70 million / (1+0.20)^3
Step 2: Calculate the NPV by summing up the present values of the cash flows.
NPV = PV(Year 0) + PV(Year 1) + PV(Year 2) + PV(Year 3)
Step 3: Use trial and error or financial software to find the discount rate that makes the NPV equal to zero. This discount rate will be the IRR of the project.
In this case, the IRR of the project is approximately 35.79%.
Please note that the exact IRR may vary slightly due to rounding errors or the method used to calculate it.
Overall, the IRR of the project is an indication of its profitability and represents the discount rate at which the project's NPV is zero.
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Define job enrichment and job enlargement by providing examples. Job enlargement sounds like a good thing. Explore what to possible disadvantages of job enlargement might be for both employers and staff.
Job enrichment involves adding more meaningful and challenging tasks to a job to increase employee satisfaction and motivation. For example, a receptionist being given the additional responsibility of managing social media accounts for the company.
Job enlargement refers to expanding the scope of a job by adding more tasks of a similar level of complexity. For example, a cashier also being assigned inventory management duties.
Disadvantages of job enlargement for employers include potential employee resistance, increased training costs, and decreased specialization. For staff, disadvantages may include increased workload and stress, reduced job satisfaction, and limited opportunities for career growth.
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Imagine you are chief operations manager in a manufacturing organization in regional NSW. A large fire has just erupted in your company’s manufacturing plant; one employee died, three others were severely injured with serious burns. After the emergency services have been called, what actions should you take, In order to conduct an investigation and With regard to crisis communications? Also, how would you make sure that you maintain a good image in media and towards community?
As the chief operations manager in a manufacturing organization in regional NSW, the actions that should be taken with regard to crisis communications and conducting an investigation in the event of a large fire that has resulted in an employee’s death and severe injury.
Actions to take regarding investigation are as follows:
Secure the scene – Establishing a safe perimeter around the site to prevent further accidents and provide a safe environment for the investigation team to work.
Collect evidence - Conduct a thorough investigation to identify the cause of the fire and to gather all the information needed to ensure it doesn't happen again. Identify the source of the fire and look for clues to determine the cause of the accident.
Document the scene – The scene needs to be documented for investigative purposes, this will include taking photographs and drawing diagrams to record the location and extent of the damage.
Speak with witnesses – Obtain statements from all the employees who were present at the time of the accident and interview them individually to get their accounts of what happened.
Crisis Communications:- Immediately notify stakeholders - Ensure all stakeholders are notified of the incident as soon as possible, including employees, suppliers, customers, and shareholders, and provide them with regular updates throughout the process.
Appoint a spokesperson - A designated spokesperson will manage communications with the media and ensure that accurate information is being provided.
Communicate regularly - It is important to communicate regularly to keep stakeholders informed about the progress being made on the investigation and what is being done to prevent similar incidents from happening again.
Maintaining good media and community image:-
Express compassion - When speaking to the media and members of the community, express your condolences for the loss of life and any injuries that have been suffered.
Emphasize safety - Emphasize that the company is committed to safety and that it will take all necessary steps to prevent accidents in the future.
Follow through with commitments - Follow through with any commitments that have been made to the community and employees, and keep stakeholders updated on progress being made.
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Due to an increasing number of drownings, in May 2022 the Federal Parliament passes the Open Waters Restriction Act 2022 which restricts persons from entering certain classified waterways, as set out in the legislation. The object of the Act, according to section 1, is to discourage people from intentionally entering dangerous waters, primarily to ensure personal and public safety. Under section 12 of the Act, a person who "enters the water of a restricted waterway commits an offence and is liable for a fine of up to $10,000."In June 2022, Tony is fishing from his boat, when he loses balance and falls into a restricted waterway. Tony is seen by police in the water and is charged with contravening section 12 of the Open Waters Restriction Act 2022.In Court, the Magistrate considers section 12 of the Act, in light of its purpose as stated in section 1. The Magistrate also considers the second reading speech made by the Minister who introduced the Bill into Parliament, in which it was made clear that the Bill should only apply to people who enter prohibited waterways intentionally. Despite these considerations, however, the Magistrate paid particular attention to a report prepared by legal academics at the University of Queensland, which argued that the Act should be interpreted literally and that intention was not required to establish an offence under the Act. On this basis, the Magistrate found Tony guilty.Applying the rules of statutory interpretation as they exist in Queensland, including any appropriate case law and legislation, consider how the matter should be resolved and whether the Magistrate was correct in his/her findings. In providing your answer, discuss which items the Magistrate was and/or was not entitled to consider when interpreting section 12 of the Open Waters Restriction Act 2022.
The Magistrate was correct in considering the purpose of the Act and the second reading speech. However, the report from legal academics should not have been given undue weight.
The literal interpretation of the Act should be considered, but it must be balanced with the legislative intent and the overall purpose of the Act. Relevant case law and statutory interpretation principles in Queensland should guide the interpretation. The matter should be resolved by considering the language of section 12, its context within the Act, and any applicable legal principles to determine whether intention is required to establish an offense under the Act. The Magistrate was entitled to consider the purpose of the Act as stated in section 1, which is to discourage intentional entry into dangerous waters for personal and public safety. The second reading speech provides valuable insight into the legislative intent. However, the Magistrate should have given less weight to the report from legal academics, as it is not binding and should not override the actual text and purpose of the Act.
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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
Which of the following term refers to the process of reducing the severity of vulnerabilities in vulnerability management life cycle?
Remediation
Vulnerability Assessment
Verification
Risk Assessment
The term that refers to the process of reducing the severity of vulnerabilities in vulnerability management life cycle is Remediation.
Remediation is the process of fixing or mitigating a vulnerability. This can be done by applying a patch, updating software, or changing configurations. The goal of remediation is to reduce the severity of a vulnerability so that it no longer poses a risk to the organization.
Vulnerability assessment is the process of identifying and classifying vulnerabilities. This is done by scanning systems and applications for known vulnerabilities. The goal of vulnerability assessment is to identify vulnerabilities that need to be remediated.
Verification is the process of ensuring that a vulnerability has been remediated. This is done by rescanning systems and applications to confirm that the vulnerabilities have been patched or updated.
Risk assessment is the process of evaluating the likelihood and impact of a vulnerability. This is done by considering the nature of the vulnerability, the assets that are at risk, and the potential impact of a successful attack. The goal of risk assessment is to identify vulnerabilities that pose the greatest risk to the organization.
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Refer to Figure: Consumer. Suppose that a consumer is originally at point R. Then the price of good X decreases. Which of the following represents the substitution effect of the price decrease? a. the movement from point R to point S b. the movement from point R to point T c. the movement from point T to point S d. None of the above is correct.
The correct answer is b. The movement from point R to point T represents the substitution effect of the price decrease.
The substitution effect refers to the change in consumption patterns that occurs when the price of a good changes while the consumer's real income remains constant. In this scenario, the consumer is originally at point R and the price of good X decreases.
To determine the substitution effect of the price decrease, we need to identify the movement from point R to another point on the graph.
- Option a: The movement from point R to point S represents the income effect, not the substitution effect. The income effect occurs when the consumer's real income changes due to a change in price.
- Option b: The movement from point R to point T represents the substitution effect. As the price of good X decreases, the consumer is now able to purchase more of good X relative to other goods. This leads to a movement along the indifference curve from point R to point T, showing the substitution effect of the price decrease.
- Option c: The movement from point T to point S represents the income effect, not the substitution effect.
Therefore, the correct answer is b. The movement from point R to point T represents the substitution effect of the price decrease.
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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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