Harrison should share the culture of the company through stories, rites, and rituals to help the new owners understand the essence of the business and its path to success.
What aspects of the company's culture should Harrison share?Harrison should take the opportunity to share the rich history and traditions of the bakery with the new owners. By recounting stories of how the business was established and the values that have been upheld over the years, he will provide valuable insights into the foundation of its success.
He should share any unique rites and rituals that have become a part of the bakery's culture which could include special practices followed during important events or traditions that have been passed down through the generations.
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You own a put option on Ford stock with a strike price of $12. The option will expire in exactly six months. a. If the stock is trading at $8 in six months, what will be the payoff of the put? b. If the stock is trading at $27 in six months, what will be the payoff of the put? c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. a. If the stock is trading at $8 in six months, what will be the payoff of the put? If the stock is trading at $8 in six months, the payoff of the put is $ (Round to the nearest dollar.) b. If the stock is trading at $27 in six months, what will be the payoff of the put? If the stock is trading at $27 in six months, the payoff of the put is $ (Round to the nearest dollar.) c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. Which of the graphs below best represents the payoff diagram showing the value of the put? (Select the best choice below.)
The payoff of the put when the stock is trading at $8 in six months is $4. That is calculated as follows: Payoff of the put option = Max(Strike price - Stock price, 0).
Stock price = $8Strike price = $12Payoff of the put option = Max(12-8, 0) = Max(4, 0) = $4b) When the stock is trading at $27 in six months, the payoff of the put option will be $0. That is calculated as follows: Payoff of the put option = Max(Strike price - Stock price, 0)Stock price = $27Strike price = $12Payoff of the put option = Max(12-27, 0) = Max(-15, 0) = $0c).
The payoff diagram showing the value of the put at expiration as a function of the stock price at expiration can be represented as shown below: The option has a strike price of $12 and is a put option, therefore, the payoff diagram starts at $0 when the stock price is above the strike price ($12).
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Why is it important to give managers some degree of flexibility in financial reporting? Discuss your answer by incorporating the idea of from relevant and reliability
Managers require a certain degree of flexibility in financial reporting since it allows them to properly identify and convey data relevant to the performance of their company to stakeholders.
This flexibility also enables them to present information in the most appropriate format for their specific audience, which enhances understanding and contributes to decision-making processes. Additionally, flexibility in financial reporting allows managers to incorporate insights from non-financial data that may influence financial performance. Nonetheless, granting flexibility in financial reporting should be balanced with preserving the reliability and relevance of financial data. In order to ensure that the financial data is reliable, companies need to apply the Generally Accepted Accounting Principles (GAAP), which are a set of accounting principles and standards that are widely accepted by the accounting industry. Reliability refers to the accuracy, verifiability, and completeness of financial data.
It's crucial that financial data is free of errors, omissions, and misstatements. It must also be able to be audited and verified. This is essential for users of financial data who require an assurance that the information they're using is reliable.
Therefore, while managers require flexibility in financial reporting, it's important to maintain the integrity and accuracy of financial information by ensuring the relevant and reliability of the data.
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the federal tax code allows businesses but not individuals to deduct the cost of health insurance premiums from their taxable income. consider a company named headbook that could either spend $17,500 on an insurance policy for an employee named vanessa or increase her annual salary by $17,500 instead.
In the given scenario, the federal tax code allows businesses to deduct the cost of health insurance premiums from their taxable income, but not individuals. Let's consider a company named Headbook.
If Headbook chooses to spend $17,500 on an insurance policy for Vanessa, they can deduct this amount from their taxable income. This means that their taxable income will be reduced by $17,500, resulting in lower taxes for the company. On the other hand, if Headbook decides to increase Vanessa's annual salary by $17,500, this additional amount will be subject to payroll taxes.Option 1:Spending $17,500 on an insurance policy for Vanessa: Headbook can deduct the $17,500 from their taxable income, reducing their tax liability.
Option 2:Increasing Vanessa's annual salary by $17,500: Headbook will have to pay employer's payroll taxes on the increased salary amount. Vanessa will have to pay employee's payroll taxes on the increased salary amount. It is important to note that the specific tax rates for both the company and the individual may vary based on various factors, such as the tax bracket and applicable tax laws.Additionally, there may be other factors to consider, such as the impact on Vanessa's overall compensation package and her personal tax situation.
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Company X paid Company Y$1.85 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance heet: Cash decreased by $353,000, Accounts Receivable increased by $321,800, Inventory increased by $276,300, Property, Plant, and Equipment increased by 5753,400, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is: Multiple Choice An inflow of $1.85 million. An outflow of $353,000 An inflow of $753,400. An inflow of $2 million.
The net cash flow provided by financing activities is an inflow of $2 million.Why? Because Company X paid Company Y $1.85 million for a new plant which implies that there was an outflow of cash, but their Bonds Payable increased by $2 million.
It means that they got more money from their financing activities than they had to pay for their investments. The increase in Property, Plant, and Equipment is a result of their investment activity. Changes in Accounts Receivable and Inventory are part of their operational activity. The decrease in Cash is not a part of any of these activities, but a result of their activities,
making the option "An outflow of $353,000" wrong.The net cash flow provided by financing activities is calculated as the difference between cash inflows and outflows resulting from financing activities. The inflow of cash from the increase in Bonds Payable is the only financing activity mentioned in the question, making the option "An inflow of $1.85 million" wrong. The increase in Property, Plant, and Equipment is not part of the calculation of net cash flow provided by financing activities, making the option "An inflow of $753,400" wrong.Therefore, the correct answer is: An inflow of $2 million.
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An excellent should be clear, compelling and differentiating: company strategy value proposition marketing campaign
An excellent company strategy includes a clear, compelling, and differentiating value proposition that is effectively communicated through a targeted marketing campaign.
A company strategy encompasses the overall plan and direction of the business, including how it aims to create value and differentiate itself from competitors. A key component of an excellent strategy is a compelling value proposition, which clearly articulates the unique benefits and value that the company offers to its customers. To effectively convey this value proposition and attract the target audience, a well-executed marketing campaign is crucial. The marketing campaign should align with the company's strategy and effectively communicate the value proposition through various channels, such as advertising, social media, content marketing, and public relations.
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The major advantage and reason for using the DOT method is that it
a. focuses on preparation, competence, and communication functions.
b. requires members to analyze questions of fact, value, conjecture, and policy.
c. helps reduce and refine a large number of suggestions into a manageable number
of ideas.
d. relies on the creativity of all members.
e. helps avoid negative evaluation and criticism of ideas and solutions.
c. helps reduce and refine a large number of suggestions into a manageable number of ideas.
The major advantage and reason for using the DOT method is that it helps reduce and refine a large number of suggestions into a manageable number of ideas. The DOT method, which stands for "Do One Thing," is a decision-making technique used in group discussions or brainstorming sessions. It involves participants generating a large number of ideas or suggestions and then narrowing them down through a voting process. Each participant is given a certain number of "dots" or votes to allocate to the ideas they find most promising or valuable. By collectively voting and allocating dots, the group can prioritize and focus on the most promising ideas, reducing the number of suggestions to a manageable set for further consideration or action.
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Assume that the demand curve D(p) given below is the market demand for widgets:
Q=D(p)=1536−13pQ=D(p)=1536-13p, p > 0
Let the market supply of widgets be given by:
Q=S(p)=−5+10pQ=S(p)=-5+10p, p > 0
where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.
What is the equilibrium price?
What is the equilibrium quantity?
What is the consumer surplus at equilibrium?
What is the producer surplus at equilibrium?
What is the unmet demand at equilibrium?
The equilibrium price is 88 and the equilibrium quantity is 704. The consumer surplus is 4,096 and the producer surplus is 4,480. The unmet demand at equilibrium is zero.
To find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied:
1536 - 13p = -5 + 10p
Solving for p, we get:
p = 88
Substituting p = 88 into either equation, we can find the equilibrium quantity:
Q = 1536 - 13(88)Q = 704
To find the consumer surplus, we need to find the area below the demand curve and above the equilibrium price.
This gives us a triangle with base of 704 and height of (1536-88) = 1448.
So, the consumer surplus is:
(1/2) * 704 * 1448 = 4,096
To find the producer surplus, we need to find the area below the equilibrium price and above the supply curve.
This gives us a trapezoid with bases of 704 and 84 and a height of 88.
So, the producer surplus is:
(1/2) * (84+88) * 704 = 4,480
Finally, at equilibrium, there is no unmet demand, since the quantity demanded is equal to the quantity supplied. So, the unmet demand at equilibrium is zero.
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1.) One page Word Document titled "Written Exercise" responding to any two of the below questions. A response for each of the question should be no more than half a page of the Word document. We will review your response based on content, writing skills and readability.
How do you define professionalism?
What have you done to develop and maintain an effective working relationship with an executive?
Successful executive assistants have many tools at their disposal to help them recall past events, track updates and anticipate changes. What techniques do you use to stay on top of your work and that of your executive?
This position requires conviction and resiliency. What professional characteristics contribute to your success in these areas?
After reading the job description, what do you think are the core competencies for the position of a Senior Executive Assistant? Please explain how you possess these core competencies.
Written Exercise Professionalism refers to an individual's ability to act and present themselves in a manner that aligns with the expectations of their job and the industry they work in.
Professionalism entails making wise decisions that adhere to ethical guidelines, showing dedication to personal and professional development, and taking responsibility for the impact of one's actions.
1. Understanding their communication preferences, work style, and expectations by engaging in open communication.
2. Staying on top of projects and assignments by using efficient time management and organizational skills.
3. Providing complete and thorough updates and reports on a regular basis to keep the executive informed of all ongoing operations.
4. Setting realistic expectations and effectively managing any issues that arise along the way.
5. Maintaining a positive attitude and staying flexible in the face of changing priorities. Successful executive assistants have many tools at their disposal to help them recall past events, track updates and anticipate changes.
1. Developing a strong understanding of the executive's work processes and priorities.
2. Using calendars, spreadsheets, and other organizational tools to stay on top of deadlines and keep projects moving forward.
3. Adopting a proactive approach to identifying potential issues and taking corrective action.
4. Regularly reviewing notes, files, and other materials to stay informed and recall past events.
Professional characteristics that contribute to success in this position include the ability to stay calm and focused under pressure, a dedication to personal and professional development, an unwavering commitment to meeting deadlines and completing work to the highest standards, and an ability to remain flexible in the face of change.
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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $10.00 per pound. Last month, 3000 pounds of direct materials were purchased for $11400 and entered into production. The direct materials price variance for last month was $11400 favorable. $18600 unfavorable. $9300 favorable. $18600 favorable.
Direct materials variance is calculated by comparing the actual costs incurred for the direct materials purchased to the standard costs allowed for the actual quantity of materials used.
This variance is divided into two variances: the price variance and the quantity variance.
The direct materials price variance is the difference between the actual price paid for the materials and the standard price for the materials, multiplied by the actual quantity of materials purchased. Trials used and the standard quantity of materials allowed, multiplied by the standard price per unit of the materials.
Standard cost for direct materials = 2 pounds × $10.00 per pound = $20.00 per unit Direct materials purchased = 3,000 pounds Actual cost of direct materials = $11,400Direct materials price variance = (Actual price − Standard price) × Actual quantity purchased Direct materials price variance = ($11,400 − (3,000 pounds × $10 per pound)) = $11,400 − $30,000 = -$18,600
The direct materials price variance for last month was $18,600 unfavorable because the actual cost of direct materials was $18,600 more than the standard cost of direct materials.
The correct option is: $18600 unfavorable.
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3. Fashion Valet is one of these brands, founded by a popular Malaysian blogger, Vivy Yusof. Since 2010, Fashion Valet's platform has grown to include 400 brands, retail stores, and inhouse brands. Today, Fashion Valet is setting their sights on reaching global customers, with a local spin. Propose and explain ONE (1) target marketing strategy used by Fashion Valet. Provide relevant example to support your idea. 4. Disintermediation occurs when product or service producers cut out intermediaries and go directly to final buyers, or when radically new types of channel intermediaries displace traditional ones. Therefore, define marketing channel and explain with example FOUR (4) steps in channel design decisions.
3. Target marketing strategy refers to selecting a specific group of customers as a target market to provide them with products or services according to their preferences and needs.
4. Marketing channels are the methods or ways used by a business to reach its customers.
3. Target Marketing Strategy used by Fashion Valet:
Fashion Valet uses geographic, demographic, and psychographic segmentation for its target marketing strategy.
The company targets young women who are fashion-conscious, stylish, and love to wear trendy clothes.Fashion Valet offers personalized content and communication to its customers. They offer exclusive discounts and new products updates to their customers through email newsletters.
4. Marketing Channel and Steps in Channel Design Decisions: The channel design decision process includes 4 steps, which are as follows:
Step 1: Analyzing the Needs of the Target Market.The first step in the channel design decision process is analyzing the needs of the target market. A business should first analyze the needs of its target customers, and then design a channel that will effectively meet those needs.Step 2: Establishing Objectives and Constraints.The second step in the channel design decision process is establishing objectives and constraints. A business should determine its channel objectives and constraints to make sure they align with their business goals.Step 3: Identifying and Evaluating Alternative Channels.The third step in the channel design decision process is identifying and evaluating alternative channels. A business should identify and evaluate various channel alternatives that are available and choose the best one for their business.Step 4: Selecting and Managing Channel Members.The fourth and final step in the channel design decision process is selecting and managing channel members. A business should select and manage its channel members based on their needs, goals, and objectives.Know more about the Target marketing strategy
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how would a large firm compare to a small firm in terms of
performance.
In terms of performance, a large firm can be compared to a small firm in a variety of ways. The following are a few contrasts between large and small companies:Market Share: Large corporations typically have a greater market share, allowing them to achieve economies of scale and cost efficiencies.
Large businesses, which are often publicly traded, may provide greater investment opportunities for the public. Small businesses, on the other hand, may have more opportunities for angel investing or crowdfunding in order to fund their business.Business Decisions: Large companies often have a more complex hierarchy of decision-making procedures, which can slow down decision-making. Small businesses, on the other hand, may be more nimble in terms of decision-making because they have fewer levels of management to deal with.Regulatory Compliance.
Large corporations have more resources available to devote to regulatory compliance and keeping up with changes in legislation. Smaller businesses may find it more difficult to keep up with regulatory changes due to a lack of resources.A large corporation may be more well-known and have greater market influence, but a smaller firm may be able to be more agile and attentive to the needs of their clients. Furthermore, small firms may be more nimble when it comes to adopting new technology and adopting new ideas. The distinction between large and small companies is thus dependent on a variety of variables, and one may outperform the other in certain situations.
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Firm A operates in perfect competition, firm B in monopolistic competition and firm C is a monopoly. Which of the following statements on A,B and C does not hold? Select one: a. Over the long run, A makes no profit, C generates a welfare loss and B does both b. Marginal revenue is equal to the price of the good for A, not for B nor C c. A, B and C can all make profit over the short run d. For profit maximization, marginal cost equals marginal revenue for B and C, but not for A
Perfect competition is a term used in economics that describes a market structure in which numerous small firms compete against one another. The term "perfect" refers to the absence of monopolies, oligopolies, and monopsonies. As a result, a perfect competition market has a large number of firms that sell homogeneous goods.
A monopoly, on the other hand, is a type of market structure in which a single firm dominates the entire market. In a monopolistic market, the company has complete control over the price of the product, making it difficult for new entrants to join the market. Monopolistic competition is a market structure in which a large number of small firms sell goods that are similar but not identical.
A market structure in which there are many buyers and sellers, but the goods are not identical, and hence there is a lot of advertising and marketing to make their products stand out. Option A says that firm A makes no profit in the long run, firm C generates welfare loss, and firm B does both. As a result, this statement is true. Thus, the correct option is option A because it is false.
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suppose a consumer wants to obtain the highest possible satisfaction from goods purchased on a fixed budget. which of the following must be equal for all goods?
If a consumer wants to obtain the highest possible satisfaction from goods purchased on a fixed budget, then the marginal utility per dollar spent must be equal for all goods.
The marginal utility is defined as the additional satisfaction that is derived by the consumer from consuming one additional unit of a commodity. The marginal utility depends on the level of satisfaction derived from the commodity and the total quantity of goods consumed.
It is usually measured as the additional satisfaction derived by the consumer from consuming one additional unit of a commodity, keeping all other factors constant. The formula for marginal utility can be calculated as follows:Marginal Utility = Total Utility (TU) n - Total Utility (TU) n-1.
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An organisation needs to keep various records over time. It currently has its own formal procedures for keeping such records, so that employees understand how exactly they are to be kept. The organisation realises that it must also now include coverage of privacy of data in these formal procedures.
An organization needs to keep various records over time. It currently has its own formal procedures for keeping such records, so that employees understand how exactly they are to be kept. The organization realizes that it must also now include coverage of the privacy of data in these formal procedures.
An organization must keep various records over time. It currently has its own formal procedures for keeping such records, so that employees understand how exactly they are to be kept. However, the organization now understands that it must also include coverage of the privacy of data in these formal procedures.
In order to ensure that records are kept securely, it is critical that an organization has formal procedures in place. Procedures should specify who is responsible for the records, where they should be kept, how they should be disposed of, and how access to them should be managed. It's also necessary to have procedures in place that protect personal data, particularly since the introduction of the General Data Protection Regulation (GDPR).
The GDPR sets out the criteria for the lawful processing of personal data. This includes ensuring that data is kept safe and secure and that the processing of data is transparent and fair. It's critical that an organization understands the criteria for processing data under the GDPR and has a set of procedures in place to ensure that all data is processed lawfully.
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Discuss how IKEA has changed its pricing strategy to enter
Bahrain based on the internal factors of IKEA and external factors
of Bahrain.
IKEA is a multinational company that has its own unique marketing strategies to enter into different markets. The company uses various marketing strategies in different countries based on internal factors of the company and external factors of the country.
One such country is Bahrain, where IKEA changed its pricing strategy to enter Bahrain.Let's discuss how IKEA has changed its pricing strategy to enter Bahrain based on internal factors of IKEA and external factors of Bahrain.1. Internal factors of IKEAIKEA has its own unique marketing strategies based on its internal factors such as the organization's goals and objectives, products, and distribution channels.
IKEA has a well-established distribution channel that helps the company to reduce its cost, and the company also offers a wide range of products to meet the customer needs and wants. The internal factors of the company have made it possible to set competitive prices in the market.
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factors outside of the organization, project team, or project itself may influence which aspect of a time/cost estimate?
The external market conditions play a crucial role in influencing the accuracy of time/cost estimates.
How do external market conditions influence the accuracy of time/cost estimates?
Factors such as economic conditions, industry trends, and supplier availability significantly impact project timelines and costs. For example, a sudden increase in raw material prices due to market fluctuations can lead to cost overruns and delay project completion.
Also, changes in customer demand or regulatory requirements necessitate adjustments to project timelines affecting the estimated duration. Therefore, organizations must closely monitor and assess external factors to ensure accurate time/cost estimates and adapt.
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Under the Investment Company Act of 1940, the investment adviser's contract must be renewed by a majority vote of the fund's:
A
Board of Directors
B
outstanding shares
C
Board of Directors or the outstanding shares
D
unaffiliated Directors
Board of Directors or the outstanding shares, Under the Investment Company Act of 1940, the investment adviser's contract must be renewed by a majority vote of either the fund's Board of Directors or the outstanding shares.
This means that the renewal can be approved by either the fund's Board of Directors or by a majority vote of the shareholders holding the outstanding shares. The Act provides flexibility in determining who has the authority to approve the renewal of the investment adviser's contract, allowing for input and decision-making from both the fund's management and its shareholders
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The law firm of Daniel, Cheatem, and Howe has monthly foxed costs of $143,000, EBIT of $215,000, and depreciation charges on its office furniture and computers of $5,000, Calculate the Cash Flow DOL for this firm. (Round answer to 3 decimal places e e. 15.251.) The firm's Cash Flow DOL is
Cash Flow Degree of Operating Leverage (DOL) is an assessment of the impact of changes in operating profit on operating cash flow.
The equation for calculating the DOL of cash flow is as follows:
[tex]Cash Flow DOL = [(EBIT + Depreciation) / (EBIT - Fixed Costs)][/tex]
The law firm of Daniel, Cheatem, and Howe has monthly fixed costs of [tex]$143,000[/tex], EBIT of [tex]$215,000[/tex], and depreciation charges on its office furniture and computers of [tex]$5,000[/tex].
As a result, we can calculate the Cash Flow DOL as follows:
[tex]Cash Flow DOL = [(EBIT + Depreciation) / (EBIT - Fixed Costs)][/tex]
[tex]Cash Flow DOL = [(215,000 + 5,000) / (215,000 - 143,000)][/tex]
[tex]Cash Flow DOL = 220,000 / 72,000[/tex]
[tex]Cash Flow DOL = 3.055[/tex]
rounded to three decimal places, we get [tex]3.055[/tex] as the answer.
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How
Scrum Master and Project Manager are alike and how they are
different? List the differences between these two roles.
short answer please
Both the Scrum Master and the Project Manager are management roles, and the success of the project depends on how effectively they execute their tasks. However, there are some differences between the roles of a Scrum Master and a Project Manager.
The Scrum Master and Project Manager have different responsibilities and work on different projects. The Scrum Master, as the name suggests, is a part of the Scrum team and ensures that the Scrum methodology is implemented efficiently. Their primary responsibilities include acting as a coach and facilitator, ensuring that the team follows the Scrum framework, and removing any obstacles that may hinder the team's progress.
On the other hand, a Project Manager's role is to ensure that a project is executed within the specified budget, scope, and time. They are responsible for planning, organizing, and overseeing all aspects of a project from start to finish. Additionally, Project Managers typically use traditional project management methodologies, whereas Scrum Masters use Agile methodologies.
To summarize, the main difference between a Scrum Master and a Project Manager is that a Scrum Master is responsible for ensuring that the Scrum methodology is implemented correctly, while a Project Manager is responsible for the overall execution of a project. Furthermore, Scrum Masters work in an Agile environment, while Project Managers use traditional project management methodologies.
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What nominal annual rate of interest compounded semi-annually is required to double an investment in 7 years Rate = %
The nominal annual rate of interest compounded semi-annually required to double an investment in 7 years is 10.2%.
The formula for compound interest compounded semi-annually is:
A = P(1 + r/n)^nt
where:
A is the future value
P is the present value
r is the nominal annual interest rate
n is the number of compounding periods per year
t is the number of years
In this case, we want A = 2P, t = 7 years, and n = 2 (since we are compounding semi-annually. So we can solve for r:
2P = P(1 + r/2)^2t
2 = (1 + r/2)^14
(1 + r/2)^7 = 2
1 + r/2 = 2^(1/7)
r/2 = 2^(1/7) - 1
r = 2(2^(1/7) - 1)
r = 10.2%
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ABC pays a one time freecashflow of 104 in 1yr. The firm risk is related with a required return of 0.29. For what value could you sell the firm's unlevered equity for today?
The free cash flow is the measure of a firm's financial performance that represents the cash a company produces after accounting for capital expenditures needed to maintain or expand its asset base. It is the cash left over after the firm has met all of its short- and long-term obligations. The formula for free cash flow is:
Free Cash Flow = Operating Cash Flow - Capital Expenditures
Given that the ABC firm paid a one-time free cash flow of 104 in one year and the firm's risk is related to a required return of 0.29. The unlevered equity value of the firm can be determined using the following formula:
Free Cash Flow / (Required Rate of Return - Growth Rate)
We can assume that the growth rate is zero in this case, so the formula becomes:
Unlevered Equity Value = Free Cash Flow / Required Rate of Return
Substituting the values given in the question:
Unlevered Equity Value = 104 / 0.29 = 358.62
The value at which the firm's unlevered equity can be sold for today is 358.62.
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The budget or schedule that provides necessary input data for the direct labour budget is the production budget. True False Question 9 In the merchandise purchases budget, the required purchases (in units) for a period can be determined by subtracting the beginning merchandise inventory (in units) from the budgeted sales (in units). True False
The statement "The budget or schedule that provides necessary input data for the direct labour budget is the production budget" is True. The production budget is prepared before the direct labor budget, and it provides necessary input data for preparing the direct labor budget.
The production budget involves the production process and the expected sales of the company for a specified period. It specifies the quantity of the products that need to be produced to meet the sales demand.The direct labor budget, on the other hand, deals with the labor required to manufacture or produce the budgeted products in the production budget. It determines the total cost of labor required for a specified period. This budget depends on the production budget since it depends on the number of units of products produced. Therefore, it is safe to conclude that the production budget provides necessary input data for the direct labor budget.
The statement "In the merchandise purchases budget, the required purchases (in units) for a period can be determined by subtracting the beginning merchandise inventory (in units) from the budgeted sales (in units)" is True. The merchandise purchases budget is a schedule that shows the expected amount of inventory purchases in units and the corresponding purchase price for a specific period.
The purchases budget aims to ensure that the organization purchases enough merchandise to meet the expected sales demand.The formula to determine the required purchases (in units) for a period in the merchandise purchases budget is by subtracting the beginning merchandise inventory (in units) from the budgeted sales (in units). This formula provides the necessary data required for making a purchase decision. Hence, this statement is also true.
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in a malthusian world, when technology improves, over time the living standard stays the same while population density increasestrue
The statement 'in a malthusian world, when technology improves, over time the living standard stays the same while population density increases.' is false as in a Malthusian world, technological improvement can potentially lead to increased living standards despite population density increases.
In a Malthusian society, advancements in technology may raise living standards while also increasing population densities. The majority of people's living standards stagnate or decline as a result of limited resources and population growth, according to Thomas Malthus, despite the fact that technological advancements may momentarily improve living conditions.
Although the Malthusian theory has been criticized, it is important to keep in mind that it does not fully account for the complexities of economic and technological progress, as these developments can also increase productivity and resource efficiency raising living standards even in the face of population growth.
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The complete question is-in a malthusian world, when technology improves, over time the living standard stays the same while population density increases. true/ false
The Counting Crows Company uses normal costing. The company began operations at the beginning of Year 1. Because the company is new and because they only make one product, overhead is charged to production on the basis of product units. The denominator level for both Year 1 and Year 2 is 20,000 product units. The budgeted overhead at 20,000 units for both Year 1 and for Year 2 is $60,000 variable and $100,000 fixed. During Year 1, the company actually produced 21,000 units and sold 18,000 units. During Year 2, the company actually produced 22,000 and sold 21,000 units. The company carries no Work in Process inventories and uses the FIFO method to assign costs to Finished Goods as needed. Any underallocated or overallocated overhead is charged totally to Cost of Goods Sold at the end of the year. For both years, the actual direct materials cost was $8 per unit and the actual direct labor cost was $6 per unit. The actual variable overhead cost in Year 2 was $64,000 and the actual fixed overhead cost in Year 2 was $102,000. Question 1 2 pts Assume that the Unadjusted Cost of Goods Sold for Year 2 was $357,000 using variable costing. Compute the Adjusted Cost of Goods Sold using variable costing for Year 2. Do not put a dollar sign in your answer. D Question 2 2 pts Assume that the Unadjusted Cost of Goods Sold for Year 2 was $462,000 using absorption costing. Compute the Adjusted Cost of Goods sold using absorption costing for Year 2. Do not put a dollar sign in your answer. Question 3 2 pts Using absorption costing, how much fixed overhead that happened in Year 2 would be carried over into Year 3? Do not put a dollar sign in your answer. D Question 4 2 pts In Year 1, the net operating income for the company was $35,000 using absorption costing. What would the net operating income for Year 1 be using variable costing? Note: This question is for Year 1 NOT YEAR 2. You should use a reconciliation to find this answer. Do not put a dollar sign in your answer. Question 5 2 pts For external purposes, the company O must use absorption costing O must use variable costing may use either variable costing or absorption costing
The Adjusted Cost of Goods Sold using variable costing for Year 2 is $361,000.The Adjusted Cost of Goods Sold using absorption costing for Year 2 is $466,000.The net operating income for Year 1 using variable costing would be $40,000.
1. To compute the Adjusted Cost of Goods Sold using variable costing for Year 2, we need to consider the underallocated or overallocated overhead. The unadjusted Cost of Goods Sold is given as $357,000. Since the actual variable overhead cost for Year 2 is $64,000, the overhead variance is $4,000 (overallocated). Thus, the Adjusted Cost of Goods Sold is $357,000 + $4,000 = $361,000.
2. The Adjusted Cost of Goods Sold using absorption costing for Year 2 can be calculated by adding the underallocated or overallocated overhead to the unadjusted Cost of Goods Sold. The unadjusted Cost of Goods Sold is given as $462,000. Since the actual fixed overhead cost for Year 2 is $102,000, the overhead variance is $2,000 (underallocated). Therefore, the Adjusted Cost of Goods Sold is $462,000 + $2,000 = $466,000.
3. Under absorption costing, all fixed overhead costs are allocated to the units produced and included in the cost of goods sold. There is no carryover of fixed overhead from one period to another. Therefore, none of the fixed overhead that occurred in Year 2 would be carried over into Year 3.
4. To determine the net operating income for Year 1 using variable costing, we can use a reconciliation statement. The net operating income under absorption costing is given as $35,000. The difference between the net operating income under absorption costing and variable costing is the fixed overhead deferred in inventory, which is $5,000. Therefore, the net operating income for Year 1 using variable costing is $35,000 + $5,000 = $40,000.
5. For external reporting purposes, the company must use absorption costing. Absorption costing is the generally accepted accounting principle (GAAP) method for reporting financial statements. It allocates all manufacturing costs, including fixed overhead, to the cost of goods sold. This method provides a more comprehensive view of the costs incurred in producing goods and is required by external stakeholders, such as investors, creditors, and regulatory authorities. Variable costing, on the other hand, treats fixed overhead as a period expense and only includes variable production costs in the cost of goods sold. While variable costing can be useful for internal decision-making and cost analysis, it is not compliant with external reporting requirements.
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Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas instrument negotiates a much lower monthly rent on their lease. The demand for Tl calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease. The demand for TI calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease. The demand for Tl calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equi and the equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease. The demand for TI calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the equilibriun Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease. The demand for Tl calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Casio calculators announces higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease. The demand for TI calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will be asked to upload your graphs at the end.] Texas Instrument (TI) announces on their social media page that their calculators will go on sale in two months! The demand for TI calculators What factor caused the shift? The supply of TI calculators What factor caused the shift? As a result, the market equilibrium price and the market equilibrium quantity Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators. [You will upload your graphs at the end.] Students are great at math and can do calculations in their head and at the same time workers at the calculator factory are more productive. The demand for Tl calculator What factor caused the shift? The supply of Tl calculators What factor caused the shift? As a result, the market equilibrium price and the equilibrium quantity
Graph showing the impact of the following on the equilibrium price and quantity in the market for Texas Instrument calculators:
Explanation: When Casio calculators announce higher prices for consumers and at the same time Texas Instrument negotiates a much lower monthly rent on their lease, the demand curve will shift leftward while the supply curve will shift rightward.
The shift in the demand curve is due to the substitute effect whereby customers prefer Casio calculators to TI calculators.
On the other hand, the shift in the supply curve is due to an increase in supply resulting from Texas Instruments a much lower monthly rent on their lease. When Texas Instruments announces that their calculators will go on sale in two months, the demand curve shifts rightward due to the change in consumer expectations.
However, the supply curve remains constant, and the market equilibrium price and the equilibrium quantity increase.
Student's being great at math and workers at the calculator factory being more productive will cause the demand and supply curve to shift rightward, respectively.
As a result, the market equilibrium quantity will increase while the market equilibrium price remains constant.
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If the Federal Open Market Committee (FOMC) purchases government bonds priced at $14,000 from a bond dealer who banks at National Bank, and if the reserve requirement is 2 percent, then the excess reserves of National Bank: Group of answer choices
increase by $280.
increase by $2,800.
increase by $11,200.
increase by $13,720.
increase by $14,000.
If the Federal Open Market Committee (FOMC) purchases government bonds priced at $14,000 from a bond dealer who banks at National Bank, and if the reserve requirement is 2 percent,
then the excess reserves of National Bank would increase by $13,720. Here's why:
The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System in the United States.
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1 Question 11 (8 points) Company Q has debt with an annual yield to maturity (including floatation costs) of 3.68%. The market value of the common stock is $1,260,000,000, the market value of the debt is $360,000,000, and the market value of the preferred is $180,000,000. The marginal corporate tax rate is 21%. The annual required return on the common stock is 14.72%. The annual required return on the preferred is 6.11%. What is Company Q’s annual WACC? Please round to four places in your calculations. Select one: .0897 .0955 .1022 .1102 .1149 .1216 .1285
The correct choice is option D (0.1102), which is the rounded value of the calculated WACC.
The Weighted Average Cost of Capital (WACC) is a measure of the cost of capital for a company, taking into account the weights of its different sources of financing. To calculate the WACC, the following information has been provided:
Annual yield to maturity (including flotation costs) of debt = 3.68%
Market value of common stock = $1,260,000,000
Market value of debt = $360,000,000
Market value of preferred stock = $180,000,000
Marginal corporate tax rate = 21%
Annual required return on common stock = 14.72%
Annual required return on preferred stock = 6.11%
To calculate the WACC, we need to determine the cost of each component and their respective weights.
1. Cost of Equity:
The annual required return on common stock is 14.72%.
2. Cost of Debt:
The annual yield to maturity, including flotation costs, is 3.68%. Considering the marginal corporate tax rate of 21%, the after-tax cost of debt is calculated as follows:
Cost of Debt = Annual Yield to Maturity x (1 - Marginal Corporate Tax Rate) = 3.68% x (1 - 0.21) = 2.90% (rounded to 2 decimal places)
3. Cost of Preferred Stock:
The annual required return on preferred stock is 6.11%.
Next, we calculate the weights of each component based on their market values:
Weight of Common Stock = Market Value of Common Stock / Total Market Value
= $1,260,000,000 / ($1,260,000,000 + $360,000,000 + $180,000,000)
= 0.7469
Weight of Debt = Market Value of Debt / Total Market Value
= $360,000,000 / ($1,260,000,000 + $360,000,000 + $180,000,000)
= 0.2126
Weight of Preferred Stock = Market Value of Preferred Stock / Total Market Value
= $180,000,000 / ($1,260,000,000 + $360,000,000 + $180,000,000)
= 0.0406
Finally, we can calculate the WACC using the weights and costs of each component:
WACC = Weight of Common Stock x Cost of Equity + Weight of Debt x Cost of Debt + Weight of Preferred Stock x Cost of Preferred Stock
= 0.7469 x 14.72% + 0.2126 x 2.90% + 0.0406 x 6.11%
= 0.1095 or 10.95% (rounded to 4 decimal places)
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On 2 August 2022, Boris Johnson began a new business, called Starbucks Inc., company delivering high quality coffee and beverages. The following transactions were completed by the business during May: 2 Aug Issued to Boris 10,000 shares of capital stock in exchange for his investment of 3,500,000€ cash. 3 Aug Purchased a store of 1000 square meters for 3,780,000€ paying 780,000 cash and signing a note payable for the balance. The interest rate for the Note payable is 3% on annual terms, and it will be paid at maturity which will be August 3 rd 2025
. 4 Aug Purchased machinery for 1,500,000€ in order to be prepared to deliver the product to its customers, and paid cash. 5 Aug Purchased Equipment for 500.000€, he paid 40% cash and received an invoice stating that the remaining amount would be paid October 6 Aug Hired 5 employees with an average annual salary of 16.000€, the employees will be paid at the end of every month. 7 Aug Signed an insurance contract for 24.000€, and paid cash. 8 Aug Acquired raw materials for an amount of 300.000, the agreed payment terms were on account 30 days. 31 Aug Sold products until raw materials stock was finished for 1.000.000 to different customers, all sales were paid in cash. Plese compleater the exercise using information from Problem 1:
. Adjusting entries.
Salaries earned by Starbucks employees that have not yet been recorded or paid amount to 6.667€.
Depreciation of the building is based on an estimated life of 20 years. The straight-line method is used.
Depreciation of the machines is based on an estimated life of 10 years. The straight-line method is used.
Depreciation of the Equipment is based on an estimated life of 10 years. The straight-line method is used.
Unrecorded Income Taxes Expense accrued in August amounts to 60,000. This amount will not be paid until January 15, 2023.
No interest expense has been recorded or paid.
No insurance expense has been recorded or paid.
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2) Post the adjusting entries onto the appropriate ledger T accounts. Calculate and show the ending balance for each T account (The same T accounts that you have used in problem 1).
3) Prepare a trial balance.
Adjusting entries Salaries earned by Starbucks employees that have not yet been recorded or paid are €6.667.
Depreciation of the building is based on an estimated life of 20 years. The straight-line method is used. 3780000/20=189000
Depreciation Expense of Building = 189000
Depreciation of the machinery is based on an estimated life of 10 years.
The straight-line method is used. 1500000/10 =150000
Depreciation Expense of Machinery = 150000
Depreciation of the Equipment is based on an estimated life of 10 years. The straight-line method is used. 500000/10=50000 Depreciation Expense of Equipment = 50000
Unrecorded Income Taxes Expense accrued in August amounts to €60.000. This amount will not be paid until January 15, 2023.
Income Tax Expense = €60.000
Deferred Tax Liability = €60.000
No interest expense has been recorded or paid. Interest Expense = €0
No insurance expense has been recorded or paid. Insurance Expense = €0Ledger T Accounts
For the year ending December 31, 2022, prepare an income statement, a retained earnings statement, and a balance sheet for Starbucks, Inc. using the T accounts.
Trial balance Particulars Debit Credit Cash €3,520,000
Capital Stock €3,500,000
Building €3,780,000
Accumulated Depreciation of Building €0
Machinery €1,500,000
Accumulated Depreciation of Machinery €0
Equipment €500,000
Accumulated Depreciation of Equipment €0
Raw Materials €300,000
Notes Payable €3,000,000
Interest Payable €0
Salaries Payable €6,667
Insurance Payable €0
Income Taxes Payable €60,000
Sales €1,000,000
Cost of Goods Sold €300,000
Depreciation Expense of Building €189,000
Depreciation Expense of Machinery €150,000
Depreciation Expense of Equipment €50,000
Interest Expense €0
Insurance Expense €0
Salaries Expense €6,667
Income Tax Expense €60,000
Total €11,776,667 €11,776,667
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Include a development plan for the two development areas identified in your course reflection. The Professional Development Plan will be developed from the insights, ideas and inspirations captured throughout the course. Draw from your journals, the course readings and lessons from the course to identify specific professional development goals and plans in the two areas you identified What is included in your plan? - Goals - identifying specific opportunities for personal "soft skills" development. - Rationale - articulating why the proposed changes are important to your professional development and necessary in order to reach your professional goals. - Action plans - outlining specific actions or new behaviours, and/or identifying concrete ways to learn, practice and improve. This is where you put your plan into practice: these are steps you will take to develop your "soft skills" now and in the future. - Outcomes - describing the specific benefits or improvements that can realistically result from attaining your personal development goals. Knowing what you are working toward and why you are working toward it can increase persistence. Focus for Development Plan This development plan is in support of: Expanding Self Awareness - MBTI Expanding Self Awareness - Emotional Intelligence Providing Constructive Feedback Navigating Conflict Team Development Facilitating Inclusive Teams Intercultural Awareness and Communication A topic of my choice Professional Development Goal My opportunity for change or development. Rationale Why is this important to my personal development? How will this enhance thy career? Action Plans (immediate) How will I begin developing thisgoal - this month? Action Plans (immediate) How will I begin developing this goal - this month? Action Plans ( 6 months) How will buid on this improvement E months from now? Expected Outcomes What improvements should i see at the end of 12 moriths? How will iknow I dhieved my goal?
Development Plan:
1. Enhance emotional intelligence through self-reflection, active listening, and seeking feedback.
2. Foster inclusive teams by educating myself, seeking diverse perspectives, and implementing inclusive practices.
Expected outcomes: Improved self-awareness, effective communication, inclusive work environment, and better team performance.
Development Plan:
Development Area 1: Expanding Self-Awareness - Emotional Intelligence
Goal: Enhance my emotional intelligence to improve self-awareness and interpersonal skills, leading to more effective communication and collaboration.
Rationale: Emotional intelligence is crucial for professional success as it enables better understanding of oneself and others, fostering empathy and effective relationships. Developing this skill will improve my leadership abilities, enhance teamwork, and enable me to navigate challenging situations more effectively.
Action Plans (Immediate): Engage in self-reflection exercises, practice active listening, and seek feedback from colleagues to gain insights into my emotional reactions and behaviors. Attend workshops or seminars on emotional intelligence.
Action Plans (6 months): Continue practicing self-reflection and actively seek opportunities to empathize with others. Implement strategies for managing emotions in high-pressure situations. Seek out a mentor or coach for guidance and support.
Expected Outcomes: Improved self-awareness, better understanding and management of emotions, enhanced empathy and interpersonal skills. Increased ability to navigate complex relationships and resolve conflicts effectively.
Development Area 2: Facilitating Inclusive Teams
Goal: Enhance my ability to foster inclusive teams by promoting diversity, equity, and inclusion in the workplace.
Rationale: Inclusive teams drive innovation, productivity, and employee satisfaction. Developing this skill will allow me to create a collaborative and respectful work environment that embraces diverse perspectives and experiences.
Action Plans (Immediate): Educate myself on unconscious biases and diversity-related topics through online courses or reading materials. Actively seek out diverse perspectives in team discussions and encourage open dialogue.
Action Plans (6 months): Act as an advocate for diversity and inclusion by participating in diversity initiatives or employee resource groups. Implement inclusive practices in team meetings and decision-making processes. Mentor or support colleagues from underrepresented backgrounds.
Expected Outcomes: Increased awareness of unconscious biases, active promotion of diversity and inclusion, creation of a more inclusive and equitable work environment. Enhanced ability to leverage diverse talents and perspectives for better team performance and outcomes.
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opal earned 7.0 percent in her savings account. if she is in the 27 percent tax bracket, what is her after-tax savings rate of return?]\
Opal's after-tax savings rate of return is 5.1%.The, Opal's after-tax savings rate of return is 5.1%. This represents the actual return she will earn on her savings after accounting for taxes.
Opal's before-tax savings rate of return is 7.0%. Since she is in the 27% tax bracket, she will be taxed on her earnings. To calculate her after-tax savings rate of return, we need to subtract the tax amount from her before-tax rate of return. The tax amount is calculated by multiplying her before-tax rate of return (7.0%) by her tax rate (27%).
Tax amount = 7.0% * 27% = 1.89%
After-tax savings rate of return = Before-tax rate of return - Tax amount = 7.0% - 1.89% = 5.1%
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