Answer:
Hi your question is incomplete here is the complete question
Growing Minds, Inc. is a national chain of retail outlets specializing in creative toys and innovative learning materials for children. The company caters to the upper end of the market and focuses on customer service for a competitive advantage. It provides workshops for parents and children on topics such as learning with the computer and indoor gardening and offers crafts classes ranging fropapier-mâché to pottery. Growing Minds plans to expand and to open five new retail outlets in the coming quarter. This may mean up to 200 new hires, and the executive team wants to make sure that the best people are hired and retained. It has issued a challenge to its retail management personnel to design a staffing process that will accomplish these goals. The children’s market in which Growing Minds operates demands service personnel who are endlessly patient; knowledgeable about children, toys, and learning; and, perhaps most important, sociable,enthusiastic, and engaging. Excellent customer service is the top priority at Growing Minds, and obtaining the desired performance from personnel has meant a major investment in training. Unfortunately, new workers often leave within a year of being hired. This means that the company barely gets an adequate return on the training it has invested in its new hires. Apparently, turnover is due (at least in part) to the demanding nature of the job. Recently, Growing Minds has been emphasizing the establishment of work teams to improve the quality of its services, identify and fix any problems in service delivery, and brainstorm new opportunities. This approach has yielded better-than-anticipated results, so the team concept will be central to the new outlets.
Answer :
The company should post its vacancies ad on social media sites and career pages and also offer competitive salary structureGrowing minds should focus on The Millennial with sound behavioral competencies and Technological knowledgerecruiting should be done through; planning,sourcing, selecting and welcoming the new employeesExplanation:
Growing Minds been a chain of retail outlets that are specialized in creative toys and other innovative learning materials for children. catering to the upper end of the market and focusing on customer service for a competitive advantage. hence Growing minds needs to get the best hands to successfully satisfy their customer and one way to do that is ;
posting its vacancies ad on social media sites and career pages and also offer competitive salary structure : this is because the technological advanced applicants who can fit into the job of properly handling and understanding the creative toys and other innovative learning materials can be found there ( social media sites and career pages ) the group of people they should focus on are Millennial with the technology know how and also with the sound behavioral competencies
According to Porter, the generic competitive strategy that reflects the ability of the corporation or its business unit to design, produce, and market a comparable product more efficiently than its competitors is called focus. competitive scope. cost leadership. diversification. differentiation.
Answer:
The correct answer is: cost leadership
Explanation:
According to Porter, every company has a strategy, whether planned or unplanned, being directly influenced by the environment in which it operates and by the industries and competitive sector. For him, companies should use the generic strategies mentioned by him so that they can survive the five competitive forces of the industry. Porter's generic strategies are: cost leadership, differentiation and focus.
The most appropriate generic strategy for the above question is cost leadership, whose central objective is to achieve total leadership in a given sector, using appropriate policies and procedures for that purpose.
The objective is achieved when a company develops a quality structure that brings together efficient equipment, qualification of personnel and control of expenses in order to maintain a low cost that generates greater returns for the company than those of its competitors.
On August 21, Alix Company receives a $2,000, 60-day, 6% note from a customer as payment on her account. How much interest will be due on October 20 - the due date?
a. $10
b. $20
c. $140
d. $120
Answer:
b. $20
Explanation:
Calculation of how much interest will be due on October 20 - the due date
Using this formula
Interest due = Amount received ×Numbers of days ×Note percentage
Let plug in the formula
Interest due =$2,000 x (60/360) x 0.06
Interest due=$2,000×0.17×0.06
Interest due =$20
Therefore $20 interest is the amount of interest that will be due on October 20the due date.
The annual premium for a $15 comma 000 insurance policy against the theft of a painting is $300. If the (empirical) probability that the painting will be stolen during the year is 0. 01, what is your expected return from the insurance company if you take out this insurance?
Answer:
-$150
Explanation:
The computation of the expected return from the insurance company is shown below:
= Annual premium × probability of the stolen painting - 1 × theft of painting
= $15,000 × 0.01 - 1 × $300
= $150 - $300
= -$150
By multiplying annual premium with the probability of the stolen painting and then substracted theft of painting so that we can get to know the expected return and the same is to be considered
Which of the following cost-saving actions can potentially result in a company gaining a sustainable cost advantage over rivals because the company's actions to cut costs cannot be detected by rivals from the information in either the FIR or the Comparative Competitive Efforts section of the CIR?
1. Making it a company policy never to produce branded footwear with higher than a 3.0-star S/Q rating
2. Actions to underspend rivals on brand advertising
3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship
4. Making it a company policy never to produce branded footwear with higher than a 3.5-star S/Q rating
5. Actions to completely avoid the payment of any import tariffs
Answer:
Cost-saving actions:
3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corporate social responsibility and citizenship
Explanation:
Competitive rivals will not glean the information about the use of production equipment, supervisory costs, and corporate social responsibility and citizenship from the Financial and Competitive Intelligence Reports. So, using refurbished production equipment will reduce costs provided the quality is not adversely affected. Supervisory costs can be minimized with target costing, and the amount on corporate social responsibility and citizenship is a management discretionary cost that can be eliminated, depending on prevail circumstances.
Cost savings is simply known as a number of actions or policies that aim to decrease the expected cost of a given transaction. Cost-saving actions can potentially result in a company gaining a sustainable cost advantage are Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship.
Cost savings often aim to shrink the amount of money being paid for a certain good or service.
They are also called Cost cutting as they are measures put forward by a company to lower its expenses and increase profitability.
They are part of the business strategy and they include laying off employees, reducing employee pay, closing facilities, streamlining the supply chain, downsizing to a smaller office etc.
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Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter." This detail is an example of a ________. Group of answer choices
Answer:
Stipulation.
Explanation:
In this scenario, Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter." This detail is an example of a stipulation.
A stipulation in business can be defined as a formal legal acknowledgment and agreement made between two or more groups of people (parties) before entering into a contract or business deal.
This ultimately implies that, a stipulation is a condition or clause used to convey agreement in a contract between two or more groups of people. The statement "may accept by registered letter." in the offer made by Rex Garner to Harry is a stipulation, conveying the message that Harry can only show agreement by using a registered letter as well.
Complete the following passage concerning macro economics.
One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on__________which are fluctuations in________typically over time periods of five years________ .One model that macroeconomists use to study these fluctuations, which are called recessions and expansions, is the_______model.
1. aggregate demand-aggregate supply
2. less
3. business cycles
4. an economy's growth rate
5. policy
6. more
7. standard of living
8. demand-supply
Answer:1.business cycles 2. an economy's growth rate 3. less 4. aggregate demand-aggregate supply model
Explanation:
One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on___business cycles_______which are fluctuations in__an economy's growth rate______typically over time periods of five years_ less___ .One model that macro economists use to study these fluctuations, which are called recessions and expansions, is the aggregate demand-aggregate supply__model.
Macroeconomics is defined as that branch of economics which studies the behavior, performance and changes of economic situations as a whole considering the factors of general price level, technology, output, consumption, aggregate demand and supply, unemployment, inflation, recession, savings, investment etc and how these affects national income and best decisions that can improve the national economic growth
The goal of macro economists is to solve problems on the business cycle ( factors the cause short term fluctuations and their effects in national income) and ways to improve long-run economic growth.
Prior to liquidating their partnership, Pepper and Reynell had capital accounts of $13,000 and $49,000, respectively. The partnership assets were sold for $24,000. The partnership had no liabilities. Pepper and Reynell share income and losses equally. Required: a. Determine the amount of Pepper's deficiency. $ b. Determine the amount distributed to Reynell, assuming Pepper is unable to satisfy the deficiency. $
Answer:
Explanation:
Based on the information that has been given in the question, the following answer can be provided
a. Determine the amount of Pepper's deficiency.
First, we need to calculate the loss that was recognized. This will be:
= ($13,000 + $49,000) - $24,000
= $62,000 - $24,000
= $38,000
Pepper's share of the loss will then be:
= $38,000/2
= $19,000
Pepper's deficiency will now be his contribution minus the loss incurred. This will be:
= $19,000 - $13,000
= $6,000
Deficiency of $6000
b. Determine the amount distributed to Reynell, assuming Pepper is unable to satisfy the deficiency.
This will be:
= $49,000 - $19000 - $6,000
= $49,000 - $25,000
= $24,000
On the first day of the fiscal year, a company issues an $949,000, 9%, five-year bond that pays semiannual interest of $42,705 ($949,000 x 9% x 1/2), receiving cash of $892,100. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.
Answer:
Bond issue price $892,100
Face value $949,000
Discount on bond $56,900
Number of Interest payments (10 years x 2) 10
Discount to be amortized per payment $5,690
Interest on bond $51,210
Date Description Debit Credit
Dec. 31 Bond interest expense $56,900
Discount on bonds payable $5,690
Cash $51,210
(Interest on bond paid and Premium amortized)
The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low method to estimate the variable and fixed components of this cost. If the management believes that the restaurant will be able to serve 16,000 customers in December, the restaurant's estimated total cost for December is closest to
Answer:
$29,390
Explanation:
For computing the total cost first we have to determine the variable cost per customer and the fixed cost which is shown below:
Variable cost Per Customer is
= (High total cost - low total cost) ÷ (high number of customer served - low cost of customer served)
= ($28,934 - $28,241) ÷ (14,100 - 11,214)
= $0.24
Now
Fixed cost is
= High cost - (high number of customer served × variable cost per customer)
= 28,934 - (14,100 × 0.24)
= $25,550
So, the total cost for 16,000 customers is
= Fixed cost + variable cost
= $25,550 + (16,000 × $0.24)
= $29,390
Denver Corporation purchased a patent for $405,000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, Denver spent $99,000 to successfully defend the patent in a lawsuit. Denver feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2018
Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = [tex]\frac{4}{12}[/tex] = 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27
The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate headquarters building lease $78,300Cosmetics Department sales commissions--Northridge $3,850 Store Corporate legal office salaries $60,200 Store manager's salary-Northridge Store $19,500 Heating-Northridge Store $17,200 Cosmetics Department cost of sales-Northridge $33,100 Central warehouse lease cost $14.000 Store security-Northridge Store $18,200Cosmetics Department manager's salary-northridge Store $4,420 The Northedge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's What is the total amount of the costs listed above that are not direct costs of the Northridge Store?A. $152,500.B. $43,379.C. $78,300.D. $53,820.
Answer:
Total costs that are not a direct cost of Northridge store = $152,500 (A)
Explanation:
First of all, let us identify the transactions in the list that are not a direct transaction of the Northridge store, thereafter, we will calculate the total costs of these transactions.
Transaction Amount($)
Corporate headquarters building lease 78,300
Corporate legal office salaries 60,200
Central warehouse lease cost 14,000
Total 152,500
∴ Total costs that are not a direct cost of Northridge store = $152,500
Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition, the firm is expected to have net capital expenditures of $360 million, and net operating working capital (NOWC) is expected to increase by $45 million. How much free cash flow (FCF) is Tropetech Inc. expected to generate over the next year?
Answer:
FCF = $1,995 million
Explanation:
DATA
EBIT(1-T) = $2,400 million
Net Capital Expenditure = $360 million
Net operating working capital (NOWC) = $45 million
Free cash flow (FCF) expected to generate over next year can be calculated as
FCF = EBIT(1-T) - Capital Expenditure - Net operating working capital (NOWC)
FCF = $2,400 million - $360 million - $45million
FCF = $1,995 million
The risk-free return during the sample period was 3%. What is the Sharpe measure of performance evaluation for Sooner Stock Fund
Answer: 0.3864
Explanation:
The Sharpe measure of Performance Evaluation aims to compare the performance of a stock or investment in general to that of a risk free security after the stock has been adjusted for it's risk.
The formula is;
= (Average Return of stock - Risk Free return) / Standard Deviation of stock
= (20% - 3% ) / 44%
= 17% / 44%
= 0.3864
I have attached the full question.
Which of the following costs would be applied to manufactured inventory under variable costing? Select one: A. Cost of raw materials B. Salary of factory manager C. Rental payments on administrative offices D. Commissions to sales persons E. Rental payments on factory
Accrual accounting is used because Group of answer choices cash flows are considered less important. it provides a better indication of ability to generate cash flows than the cash basis. it recognizes revenues when cash is received and expenses when cash is paid. none of these.
Answer:
The answer is B. it provides a better indication of ability to generate cash flows than the cash basis
Explanation:
Accrual basis of accounting is a method where revenue and expenses are recognized in the period the transaction occurs irrespective of whether cash is received or not at that period unlike cash basis accounting which recognizes revenue only when cash is received and payment only when cash is given out.
The importances are:
1. It gives an exact picture of the cash flow of the company
2.it provides a better indication of ability to generate cash flows than the cash basis
The following describes production activities of mercer manufacturing for the year.
Actual raw materials used 17,000 lbs. at $4.20 per lb.
Actual factory payroll 5,550 hours for a total of $106,005
Actual units produced 30,030
Budgeted standards for each unit produced are .50 pound of direct material at $4.00 per pound and 10 minutes of direct labor at $20.00 per hour.
1. Compute the direct materials price and quanity variances and classify each as favorable or unfavorable.
2. Compute the direct labor rate and efficincy variances and classify each as favorable or unfavorable
Answer and Explanation:
1. The computation of direct materials price and quantity variances is shown below:-
Actual Cost = Actual quantity × Actual price
= 17,000 × $4.20
= $71,400
The Standard cost for actual quantity = Actual quantity × Standard price
= 17,000 × $4.00
= $68,000
Standard Cost = Standard quantity × Standard price
= (30,030 ÷ 0.50) × $4.00
= 15,015 × $4.00
=$60,060
Now the material price variance is
= Actual Quantity × (Standard Price - Actual Price)
= 17,000 × ($4 - $4.20)
= 17,000 × $0.20
= $3,400 unfavorable
The material quantity variance is
= Standard Price × (Standard Quantity - Actual Quantity)
= $4 × (15,015 - 17,000)
= $4 × 1,985
= $7,940 unfavorable
2. The computation of direct labor rate and efficiency variances is shown below:-
Actual Cost = Actual hours × Actual rate
= 5550 × $19.10
= $106,005
The Standard cost for actual quantity = Actual hours × Standard rate
= 5,550 × $20.00
= $111,000
Standard Cost = Standard hours × Standard rate
= 5005 × $20.00
= $100,100
The labor rate variance is
= Actual Hours × (Actual rate - standard rate)
= 5,550 × ($19.10 per hour - $20 per hour)
= 5,550 × $0.90 per hour
= $4,995 favorable
The labor efficiency variance is
= Standard Rate × (Actual hours - Standard hours)
= $20 per hour × (5,550hours - 5,005 hours)
= $20per hour × 545 hours
= $10,900 unfavorable
Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2020. During 2020, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of fair value allocations totaled $60,000 in 2020. Not including its investment in Harbor, Femur Co. had its own revenues of $4,500,000 and expenses of $3,000,000 for the year 2020. The noncontrolling interest's share of the earnings of Harbor Corp. for 2020 is calculated to be
Answer:
The answer is $132,000
Explanation:
Solution
Given that:
Harbor revenues = $2,500,000
Expenses = $2,000,000
The amortization of fair value allocations = $60,000
Femur corporation revenues =$4,500,000
expenses = $3,000,000
Now,w e have to compute for the non controlling interest's share of the earnings of Harbor Corp which is given below:
=[revenue of harbor - expenses of harbor - amortization of fair value allocations] 30%
= [$2,500,000 - $2,000,000- $60,000] * 30%
=[$500000 - $60000]* 30%
=$132,000
Therefore the non controlling interest's share of the earnings of Harbor Corp is $132,000
Storico Co. just paid a dividend of $2.05 per share. The company will increase its dividend by 24 percent next year and then reduce its dividend growth rate by 6 percentage points per year until it reaches the industry average of 6 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on the company's stock is 10 percent, what will a share of stock sell for today
Answer:
A share of stock sell for $74.21 today.
Explanation:
This can be calculated as follows:
Dividend per share in year 1 = Year 0 dividend * (1 + growth rate of year 1 dividend) = $2.05 * (1 + 24%) = $2.5420
PV of year 1 dividend per share = Year 1 dividend / (1 + rate of return)^1 = $2.5420 * / (1 + 10%)^1 = $2.31090909090909
Dividend per share in year 2 = Year 1 dividend * (1 + growth rate of year 1 dividend) = $2.5420 * (1 + (24% -6%)) = $2.5420 * (1 + 18%) =$3.00
PV of year 2 dividend per share = Year 2 dividend / (1 + rate of return)^2 = $3.00 / (1 + 10%)^2 = $2.47933884297521
Dividend per share in year 3 = Year 2 dividend * (1 + growth rate of year 2 dividend) = $3.00 * (1 + (18% -6%)) = $3.00 * (1 + 12%) =$3.36
PV of year 3 dividend per share = Year 3 dividend / (1 + rate of return)^3 = $3.36 / (1 + 10%)^3 = $2.5244177310293
Dividend per share in year 4 = Year 3 dividend * (1 + growth rate of year 3 dividend) = $3.36 * (1 + (12% -6%)) = $3.36 * (1 + 6%) =$3.5616
PV of year 4 dividend per share = Year 4 dividend / (1 + rate of return)^4 = $3.5616 / (1 + 10%)^4 = $2.43262072262824
Dividend per share in year 5 = Year 4 dividend * (1 + growth rate of year 4 dividend) = $3.5616 * (1 + 6%) = $3.775296
Price at year 4 = Year 5 dividend / (Rate of return – growth rate) = $3.775296 / (10% - 6%) = $94.3824
PV of price at year 4 = Price at year 4 / (1 + rate of return)^4 = $94.3824 / (1 + 10%)^4 = $64.4644491496482
Share price to day = PV of year 1 dividend per share + PV of year 2 dividend per share + PV of year 4 dividend per share + PV of year 4 dividend per share + PV of price at year 4 = $2.31090909090909 + $2.47933884297521 + $2.5244177310293 + $2.43262072262824 + $64.4644491496482 = $74.21
Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in her state, but no clients outside of her state. Before the Dodd-Frank Act was passed, Bekah was exempt from registration and reporting requirements with the SEC. When the Dodd-Frank Act was passed:
Answer: d. Bekah was still exempt from the SEC’s reporting requirements.
Explanation:
Here are the options:
a. Indeterminable with current information
b. Bekah was required to register with the SEC, but not required to report information to
c. Bekah was required to begin reporting information to the SEC.
d. Bekah was still exempt from the SEC’s reporting requirements.
The Dodd-Frank Act is a comprehensive bill which places very strict regulations on the banks and lenders in order to help protect the consumers and also help in the prevention of economic recession
Based on the scenario in the question, Bekah will still be exempt from the SEC’s reporting requirements because in the Dood-Frank Act, it was stated that advisers that are only working in the same state with their clients are exempted from reporting requirements with the Security Exchange Commission.
Rodriguez Company pays $310,000 for real estate plus $16,430 in closing costs. The real estate consists of land appraised at $215,000; land improvements appraised at $86,000; and a building appraised at $129,000.Required:1. Allocate the total cost among the three purchased assets.2. Prepare the journal entry to record the purchase.
Answer:
Required 1.
Land = $163,215
Land improvements = $65,286
Buildings = $97,929
Required 2.
Land $163,215 (debit)
Land improvements $65,286 (credit)
Buildings $97,929 (credit)
Cash $310,000 (credit)
Explanation:
Allocation of the purchase cost must be made on the bases appraisal value.
Total Appraisal Value = $215,000 + $86,000 + $129,000
= $430,000
Land = $215,000 / $430,000 × $326,430
= $163,215
Land improvements = $86,000 / $430,000 × $326,430
= $65,286
Buildings = $129,000 / $430,000 × $326,430
= $97,929
If D1 = $1.25, g (dividend growth rate) = 4.7%, and P0 = $26.00, what is the stock’s expected dividend yield for the coming year
Answer:
9.51%
Explanation:
From the question above:
The dividend is $1.25
The growth rate is 4.7%
= 4.7/100
= 0.047
The stock price(PO) is $26.00
Therefore, stock's expected dividend for the coming year can be calculated as follows
PO= D1/Re-g
26= 1.25/(Re-0.047)
Cross multiply both sides
1.25= 26(Re-0.047)
1.25=26Re-1.222
1.25+1.222=26Re
2,472=26Re
Re= 2,472/26
Re= 0.0951×100
Re= 9.51%
Hence the stock's expected dividend for the coming year is 9.51%
Marla Staples is concerned with identity theft. One of the ways that she can protect her information from leaking out to the wrong hands is to: limit her purchases with vendors that she knows do not store her information in a database. limit her travels to only the U.S. because identity theft is an international problem. avoid all e-commerce transactions because this is the only type of buying transaction where websites and others handle sensitive, personal information. install antivirus software, firewalls, and anti-spyware software on her computer.
Answer: Install antivirus software, firewalls, and anti-spyware software on her computer.
Explanation:
Marla's computer is the most likely place where people can gain access to her personal information for use to propagate identity theft. Personal computers have all sorts of personal information such as scanned copies of birth certificates, academic achievements, photographs, bank statements and the like. If the security on a personal computer is breached, it could be quite harmful.
For this reason Marla should install antivirus software, firewalls, and anti-spyware software on her computer to protect it from unwanted access from everyone including people who would use her information for the wrong reasons.
essay on concept of business in islam
Answer:
..Essay below, hope it helps!
Explanation:
The business concept in Islam, unlike the rest of the world, is mainly for profit purposes. As it is not only one of the branches of living, but it is/was a belief that a business trader can be closer to God. Islamic people believe there is nothing wrong with fair commerce and trade. According to resources from ethical practice research, Islamic people think that a businessperson who does their jobs and tasks with honesty and accordance with the commands of Allah, deserve to be rewarded by Allah in the afterlife. Islams are open to giving guiding principles for all human activities. They also prescribe and explain the ethics of business. Their society believe these ethics take an important role in a man's mental structure. Business is fundamental around the world, exchanging business, profits, sharing wealth, but with Islamic practices you can learn to perform business practice better. The religion or beliefs of Islams are great and are very compatible with business, which makes a great impact on their business society. Religion and business make a good combination for the business world in Islam.
Political systems, the systems of government in nations, differ from country to country. It is important to understand the nature of different political systems and develop an awareness of and appreciation for the significance of national differences. Political systems are assessed according to two dimensions. The first is the degree to which they emphasize collectivism as opposed to individualism. The second is the degree to which they are democratic or totalitarian. These dimensions are interrelated and may share certain characteristics.
Match the political systems with the countries listed below.
a. China
b. United States
c. Zimbabwe
d. Italy in the 1930s
e. Saudi Arabia
f. France
Political System:
1. Totalitarianism
2. Totalitarianism
3. Representative
4. Totalitarianism
5. Right-Wing
6. Totalitarianism
7. Democracy
Answer:
a. China ⇒ Communist Totalitarianism
China is a former communist country turned in to socialist, but still not democratic. The communist party still rules the country at will without opposition.
b. United States ⇒ Representative Democracy
The US is the oldest modern democracy that still remains in the world. Other countries have older democratic institutions, but the country was not completely democratic, e.g. Parliament existed for centuries in England, but England became a democracy in 1918. The US is considered a representative democracy.
c. Zimbabwe ⇒ Tribal Totalitarianism
Zimbabwe is ruled by a military dictator.
d. Italy in the 1930s ⇒ Right-wing Totalitarianism
Benito Mussolini ruled Italy in the 1930s. He was a fascist dictator that allied with Adolf Hitler during WWII.
e. Saudi Arabia ⇒ Theocratic Totalitarianism
Saudi Arabia is a monarchy where the royal family rules at will without any opposition.
f. France ⇒ Social Democracy
France is considered a social democracy since its last governments have followed socialist ideals through democracy.
Hawar International is a shipping firm with a current share price of $5.50 and 10 million shares outstanding. Suppose Hawar announces plans to lower its corporate taxes by borrowing $20 million and repurchasing shares. a. With perfect capital markets, what will the share price be after this announcement
Answer:
New share price = $6.1
Explanation:
DATA
The Current share price $5.50
Outstanding shares $10m
borrowing shares $20m
Corporate tax rate 30%
Required: share price be after this announcement?
Formula:
New share price = tax rate x ([tex]\frac{borrowing shares}{Outstanding shares}[/tex]) + current share price
Solution:
New share price = 30% x ([tex]\frac{20m}{10m}[/tex]) + $5.5
New share price = 0.6 x $5.5
New share price = $6.1
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the terms of trade are established as 1 apple for 4 oranges, then:
Answer: a. there are no incentives for Beta to engage in international specialization and trade with Alpha.
Explanation:
Beta can produce 16 oranges or 4 apples in an hour. This means that for every Apple they produce, they can produce 4 oranges;
4 apples : 16 oranges
1 apples : 4 oranges
This is the same terms of trade being offered to them by Alpha because if they sell 1 apple to Alpha they will get 4 oranges. This is the same thing they will get when they are producing for themselves alone.
An incentive would have been them getting more oranges per apple than they can produce on their own if they sacrifice one apple which is not the case. There are simply no incentives for Beta to engage in international specialization and trade with Alpha.
Read each of the following statements, and indicate whether each statement is true or false. Statement True False Firms raise capital from retained earnings only when they cannot issue new common stock due to market conditions outside of their control. In general, firms are reluctant to issue new common stock to raise additional financial capital due to the magnitude of the flotation costs and the negative signals sent to the marketplace. The flotation costs associated with the sale of debt securities are greater than those associated with new common stock issues.
Answer:
a. False
b. True
c. False
Explanation:
a. This is false because firms generally prefer to raise funds from Retained Earnings first before thinking of issuing shares. It is also up to them which method they want to use be it by stock issuance or by Retained Earnings but they usually gravitate towards retained earnings first.
b. Issuing new stock can have the effect of signalling to the market that you are cash strapped and this is not a good thing most times. It can lead to some investors losing faith in the company. Also the floatation costs associated will make the cost of raising funds via stock issuance higher so this is avoided and usually used in desperation.
c. The floatation costs associated with issuing New Stock are more than the ones associated with issuing debt securities. This is because New Stock issuance is bound by more stringent legal requirements and procedures that will require more costs to get through than debt issuance.
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115,000.
a. What is the monthly return on this investment vehicle?
b. What is the APR?
c. What is the effective annual return?
Answer:
1.30%
15.60%
16.77%
Explanation:
The monthly return is the amount payable monthly divided by the current price of the investment vehicle.
monthly return=$1500/$115,000=1.30%
Annual percentage return=monthly return*12=1.30% *12=15.60%
Effective annual return=(1+1.30%)^12-1
EAR=1.167651776 -1
EAR=16.77%
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 10 units at $12 per unit. August 18 Purchase 15 units at $15 per unit. August 29 Sale 20 units. August 31 Purchase 14 units at $16 per unit. What is the per-unit value of ending inventory on August 31
Answer:
The per-unit value of ending inventory on August 31= $15.42
Explanation:
The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath
The
Date Narration Qty Unit cost($) Total cost
Aug 2 Purchase 10 12 120
Aug 18 Purchase 15 15 225
25 13.8 * 345
Aug 29 ( 20) 13.8 (276 )
5 69
Aug 31 14 16 224
Aug 31 19 15.42 ** 293
Notes
*The average cost of 13.8 is the division of 345 by 25.
**The average cost of $15.42 is the division of 293 by 19
The per-unit value of ending inventory on August 31= $15.42
The per-unit value of the ending inventory on August 31, using the weighted average perpetual inventory system, is approximately $14.59.
Step 1: Calculate the total cost of the purchases.
Purchase on August 2: 10 units at $12 per unit = $120
Purchase on August 18: 15 units at $15 per unit = $225
Purchase on August 31: 14 units at $16 per unit = $224
Total cost of purchases = $120 + $225 + $224 = $569
Step 2: Calculate the total number of units purchased.
Total units purchased = 10 units + 15 units + 14 units = 39 units
Step 3: Calculate the weighted average cost per unit.
Weighted average cost per unit = Total cost of purchases / Total units purchased
Weighted average cost per unit = $569 / 39 units ≈ $14.59
Learn more about inventory here:
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Assume a company sells a given product for $90 per unit. How many units must be sold to break even if variable selling costs are $2 per unit, variable production costs are $31 per unit, and total fixed costs are $1,799,946
Answer:
Break-even point in units= 31,227 units
Explanation:
Giving the following information:
Selling price= $90
Unitary variable cost= $33
Total fixed costs= $1,799,946
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 1,779,946 / (90 - 33)
Break-even point in units= 31,227 units