IM.62 Athletic Apparel is trying to determine how to manage their stock of t-shirts. For one particular size and color, they have an average daily demand of 19 shirts, but it varies by about 6 shirts per day. Their lead time for receiving new t-shirts is 6 days.
They are striving for a 95% service level. The service level is the percentage of times that customers receive their orders on or before the promised due date. To achieve this, companies must provide accurate estimates of demand and lead time, and they must maintain appropriate levels of safety stock. Therefore, to calculate the safety stock and reorder point for the particular T-shirt, the following steps can be taken:
Safety Stock= z* σL*z*σL* = 1.65 * 6 shirts = 9.9 shirts, which means the company must keep a safety stock of 10 shirts. Reorder Point= (average demand per day x lead time in days) + safety stock Reorder Point = (19 shirts/day * 6 days) + 10 shirts = 124 shirts.Hence, their safety stock for this particular T-shirt should be 10 shirts, and their reorder point for this T-shirt should be 124 shirts.
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a. Build a spreadsheet to calculate the convexity of a
5-year, 8% coupon bond making annual payments at the initial yield
to maturity of 10%.
b. What is the convexity of a 5-year zero-coupon
bond?
Spreadsheet Calculation for Convexity:Convexity is the second derivative of the bond price with respect to the yield and is a measure of the bond’s curvature.
The Excel formula for calculating convexity is = (sum of all the cash flows × each cash flow’s year-to-maturity × each cash flow’s year-to-maturity + each cash flow’s modified duration) / (1 + yield)2. The modified duration can be computed as follows modified duration = [(P- - P+) / (2 × P0 × ∆y)] where P- and P+ are bond prices at a yield of (y - ∆y) and (y + ∆y), respectively. P0 is the bond price at the current yield of y.b. Calculation of Convexity of a Zero-Coupon Bond.
The convexity of a zero-coupon bond is equal to its maturity since the cash flow is only received at the end of the life of the bond. As a result, the formula for convexity of a zero-coupon bond is equal to the maturity squared. Therefore, the convexity of a 5-year zero-coupon bond is (5 years)² or 25. The spreadsheet formula to calculate the convexity of a 5-year, 8% coupon bond making annual payments at the initial yield to maturity of 10% is shown below Hence, the convexity of the 5-year, 8% coupon bond making annual payments at the initial yield to maturity of 10% is 4.8889.
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Scenario
You are employed as the Head of the Human Resources Department
at ABC Plumbing and Contracting Inc. The company currently employs
35 people amongst various positions.
Brian Davies has been employed by ABC Plumbing and Contracting Inc. for the past 3 years as an apprentice level plumber. His hourly wage is $35/hour and he works an average of 40 hours per week. Therefore, his average gross pay every week is $1400.00. He has worked directly under the supervision of Head Plumber Gianfranco Martelli. Over the past six months, Mr. Davies has been late for work numerous times, failed to show up for work entirely three times, made several mistakes on job sites and has spoken to customers in an unprofessional manner twice. Mr. Martelli has spoken to Mr. Davies about his behaviour three times but the behavioural issues have not improved.
On November 1, 2021 Mr. Martelli informed you that he heard a rumour from other employees that Mr. Davies was looking for work elsewhere in the plumbing industry. As such, Mr. Martelli decided to refrain from terminating Mr. Davies’ employment until he was sure Mr. Davies wasn’t going to resign.
On November 16, 2021 Mr. Davies provided Mr. Martelli with his official letter of resignation from his position with ABC Plumbing and Contracting Inc. In his letter of resignation, he provided two weeks notice and indicated his last day of employment would be November 30, 2021.
Given the behavioural issues Mr. Martelli was already concerned about with Mr. Davies, Mr. Martelli has decided it would be best for Mr. Davies not to attend work during his notice period. He has informed you that he would like to formally accept Mr. Davies’ resignation and request for him not to return to work during the notice period.
Assignment
Put yourself in the shoes of Mr. Davies and draft a letter of resignation to ABC Plumbing
and Contracting Inc. In this letter be sure to indicate: a. Length of employment
b. Reason for resignation
c. Date of resignation
d. Amount of notice being provided
e. Any other information you believe should be included
Back in the shoes of the Head of HR, draft a letter of acceptance of Mr. Davies’
resignation. In this letter be sure to indicate:
a. Acceptance of resignation
b. Decline of return to work during notice period
c. Calculation of pay for the two week notice period d. Confirmation of final day of employment
Letter of Resignation from Mr. Brian Davies:
ABC Plumbing and Contracting Inc.
123 Main Street
City, State, ZIP Code
[Date]
Dear [Supervisor's Name],
I am writing this letter to formally resign from my position as an apprentice level plumber at ABC Plumbing and Contracting Inc. My employment with the company has been for a duration of three years, starting on [start date] and ending on [last working day].
After careful consideration, I have made the decision to pursue new opportunities in the plumbing industry. I believe this step will allow me to further develop my skills and gain valuable experience in different areas of the trade. I would like to express my sincere gratitude for the opportunities and experiences I have gained during my time at ABC Plumbing and Contracting Inc.
In accordance with company policies, I am providing two weeks' notice, with my last day of employment being November 30, 2021. I assure you that I will fulfill my duties and responsibilities during this notice period, assisting in the smooth transition of my tasks to any assigned personnel.
I would like to take this opportunity to thank the entire team at ABC Plumbing and Contracting Inc. for their support, guidance, and camaraderie throughout my employment. I have learned and grown professionally during my time here, and I am grateful for the relationships I have formed.
Please let me know if there are any additional procedures or documentation required from my end as I finalize my employment with the company.
Thank you once again for the opportunities, and I wish ABC Plumbing and Contracting Inc. continued success in the future.
Yours sincerely,
[Your Name]
[Your Contact Information]
-----------------------------------------------------------
Letter of Acceptance of Resignation from the Head of HR:
ABC Plumbing and Contracting Inc.
123 Main Street
City, State, ZIP Code
[Date]
Dear Mr. Brian Davies,
I am writing this letter to formally acknowledge and accept your resignation from your position as an apprentice level plumber at ABC Plumbing and Contracting Inc., as stated in your letter dated [date of resignation].
We understand your decision to pursue new opportunities in the plumbing industry and respect your choice. Your length of employment with the company has been three years, starting on [start date] and ending on [last working day]. We appreciate your dedication and contributions during your tenure.
In light of the behavioral issues that have been raised and discussed with you in the past, Head Plumber Mr. Gianfranco Martelli has made the decision that it would be best for you not to attend work during the notice period. We acknowledge and accept this arrangement.
Regarding your two weeks' notice, your last day of employment will be November 30, 2021. As per company policy, your final paycheck will include the wages you have earned up until your last day of employment, calculated at your regular hourly wage of $35/hour.
We would like to take this opportunity to thank you for your service to ABC Plumbing and Contracting Inc. We appreciate the skills and expertise you have brought to the team. If you have any questions or require any further information during this transition period, please do not hesitate to contact the Human Resources department.
We wish you the very best in your future endeavors in the plumbing industry and in all your future endeavors.
Yours sincerely,
[Your Name]
Head of Human Resources
ABC Plumbing and Contracting Inc.
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A primary objective of portfolio insurance using options is to:
a. Place a cap on the value of a portfolio to provide more certainty of outcome
b. Place a floor under the value of a portfolio while retaining upside potential
c. Placing a ‘collar’ around the outcomes of a portfolio of securities
d. Place opposing trades in a portfolio to hedge away volatility risk
A primary objective of portfolio insurance using options is to Place a floor under the value of a portfolio while retaining upside potential. The correct answer is b.
Portfolio insurance using options is a risk management strategy that aims to protect the value of a portfolio from significant losses while still allowing for potential gains. By purchasing put options, investors can establish a floor or minimum value for their portfolio. If the market value of the portfolio declines, the put options provide the right to sell the underlying assets at a predetermined price, limiting the potential losses.
At the same time, by retaining ownership of the portfolio and its upside potential, investors can benefit from any positive market movements. This strategy helps strike a balance between downside protection and the opportunity for portfolio growth, making option-based portfolio insurance a popular choice for managing risk in uncertain market conditions.
The correct answer is b.
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help me to get answer please!
National income is OA. NNP minus income taxes. OB. GNP plus depreciation. O C. GDP minus sales taxes. OD. GDP minus depreciation.
The correct definition of national income is option (D) GDP minus depreciation.
National income refers to the total income generated by the residents of a country from their productive activities within a specific time period. It is an important economic indicator that provides insights into the overall economic performance of a nation.
Gross Domestic Product (GDP) represents the total value of all final goods and services produced within a country's borders. Depreciation refers to the wear and tear or the loss of value of capital goods over time. By subtracting depreciation from GDP, we arrive at Net Domestic Product (NDP), which represents the value of output after accounting for capital depreciation.
Therefore, national income is calculated by subtracting depreciation from GDP, as option (D) suggests.
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1. A. Explain the two classifications of quality dimensions for goods and services. B. Contrast the similarities and differences between the two classifications for services.
A. The two classifications of quality dimensions for goods and services are as follows:
1. Performance Quality: Performance quality refers to the primary characteristics of a product or service that meet the customer's functional requirements. It measures how well the product or service performs its intended purpose. For example, in the case of a laptop, performance quality dimensions would include processor speed, memory capacity, and battery life.
2. Conformance Quality: Conformance quality relates to how well a product or service adheres to established standards, specifications, or requirements. It measures the degree to which the product or service meets predetermined criteria. For instance, in the context of a hotel, conformance quality dimensions would include cleanliness, responsiveness of staff, and accuracy of reservations.
B. While the two classifications of quality dimensions are applicable to both goods and services, there are some similarities and differences specific to services:
Similarities:
- Both goods and services can be evaluated based on their performance quality, which focuses on meeting customer needs and expectations.
- Both goods and services can be assessed for conformance quality, ensuring compliance with predetermined standards or specifications.
Differences:
- Performance quality dimensions for services are more intangible compared to goods. Services are experienced and evaluated based on factors such as responsiveness, empathy, and reliability.
- Conformance quality for services often involves evaluating the process rather than the end result. It includes factors like timeliness, accuracy, and consistency in service delivery.
In conclusion, while the classifications of quality dimensions for goods and services share similarities in terms of performance and conformance quality, there are differences specific to services, such as the intangibility of performance quality and the emphasis on evaluating service processes for conformance quality.
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The Amgen Biotec Co. just paid a dividend of $1 per share (Be careful, the word "just paid" makes the dividend of $1 a current dividend Do, not D1.). Analysts expect its dividend to grow at 25% per year for the next three years and then 5% per year thereafter. If the required rate of return on the stock is 18%, what is the current value of the stock?
The current value of the stock is $3.48 per share.
Here are the steps required to compute the current value of the stock:
Step 1: Calculate the current dividend
Using the statement, the Amgen Biotec Co. just paid a dividend of $1 per share, this implies that the current dividend D0 is $1.00 per share.
Step 2: Calculate the dividends for the next three years
At a growth rate of 25%, the dividends for the next three years are given by:
D1 = D0 (1 + g) = $1.00 (1 + 0.25) = $1.25 per share
D2 = D1 (1 + g) = $1.25 (1 + 0.25) = $1.563 per share
D3 = D2 (1 + g) = $1.563 (1 + 0.25) = $1.953 per share
Step 3: Calculate the dividends after the third year
At a growth rate of 5%, the dividends after the third year can be calculated using the following formula:
D3(1 + g) / (r - g) = $1.953(1 + 0.05) / (0.18 - 0.05) = $21.30 per share
Step 4: Calculate the current value of the stock
Using the dividend discount model (DDM), the current value of the stock can be calculated as follows:
P0 = (D1 / (1 + r)) + (D2 / (1 + r)2) + (D3 / (1 + r)3) + ... + (Pn / (1 + r)n)
Where r is the required rate of return on the stock and n is the number of periods.
In this case, n = 3 because the dividends are expected to grow at 25% for the next three years. So, the formula can be simplified as:
P0 = (D1 / (1 + r)) + (D2 / (1 + r)2) + (D3 / (1 + r)3)
P0 = ($1.25 / (1 + 0.18)) + ($1.563 / (1 + 0.18)2) + ($1.953 / (1 + 0.18)3)
P0 = $1.06 + $1.17 + $1.25P0 = $3.48
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Why is the AD curve downward-sloping? Select one: O a. Because lower prices cause an increase in real balances which increase spending. O b. Because higher prices cause an increase in real balances which increases spending. O c. Because production costs decline as Real GDP increases. d. Because lower prices cause interest rates to increase which increases spending.
The AD curve is downward sloping because lower prices cause an increase in real balances which increase spending. As consumers and firms pay lower prices for goods and services, they have more money left over, causing an increase in their real balances.
This, in turn, encourages them to spend more, leading to an increase in aggregate demand for goods and services.Therefore, option A is the correct answer.More than 100 words:The aggregate demand (AD) curve shows the relationship between the quantity of goods and services demanded and the overall price level. It is a downward-sloping curve, which means that as prices fall, aggregate demand increases.
The AD curve slopes downward for a variety of reasons, including lower prices, interest rates, and a stronger currency, all of which stimulate spending. The most common reason for the downward slope of the AD curve is that as the overall price level decreases, households and businesses become wealthier since they have more money left over after purchasing goods and services
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Incorrect
Question 42
0/2 pts
42. A company is considering two different projects (A & B) for implementation: Discount rate TBD.
Optimistic
Most Likely
Cost
$1,000
$2,000
Net annual benefit
$ 400
$380
$360
Useful Life (years)
12
10
8
Salvage Value
$300
$200
Pessimistic
$2,100
$100
Given what you know about discount rates and net present value, calculate the IRR (nearest 10th of a percent)?
17.5%
16.5%
15.5%
10%
The nearest 10th of a percent for the IRR is 16.5%. Therefore, the correct option is 16.5%.
Given that the formula for computing Internal Rate of Return (IRR) is
Net Present Value (NPV) = 0
= CF0 + CF1 / (1 + r)¹ + CF2 / (1 + r)² + CF3 / (1 + r)³ + CF4 / (1 + r)⁴ + CF5 / (1 + r)⁵ + CF6 / (1 + r)⁶ + CF7 / (1 + r)⁷ + CF8 / (1 + r)⁸ + CF9 / (1 + r)⁹ + CF10 / (1 + r)¹⁰ + CF11 / (1 + r)¹¹ – Initial Investment
= 0
Therefore, substitute the values given in the table for the variables in the formula to determine the IRR:
Initial investment = -$1,000
CF1= $400
CF2 = $380
CF3 = $360
CF4 = $360
CF5 = $360
CF6 = $360
CF7 = $360
CF8 = $360
CF9 = $360
CF10 = $360
CF11 = $360T
he problem states that the useful life of project A is 12 years, therefore we would need to calculate up to year 11, since the cash flow in year 12 is the salvage value which is already given. Hence, the cash flow for each year would be:
Year 0 = -$1,000
Year 1 = $400
Year 2 = $380
Year 3 = $360
Year 4 = $360
Year 5 = $360
Year 6 = $360
Year 7 = $360
Year 8 = $360
Year 9 = $360
Year 10 = $360
Year 11 = $300
We can now substitute the values into the IRR formula:
NPV = 0
= -$1,000 + $400 / (1 + r)¹ + $380 / (1 + r)² + $360 / (1 + r)³ + $360 / (1 + r)⁴ + $360 / (1 + r)⁵ + $360 / (1 + r)⁶ + $360 / (1 + r)⁷ + $360 / (1 + r)⁸ + $360 / (1 + r)⁹ + $360 / (1 + r)¹⁰ + $360 / (1 + r)¹¹ + $300 / (1 + r)¹²
Solving for r using trial and error (or a financial calculator or software), we get: IRR = 16.5%.
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Share and discuss the 8 project performance domains according to 7th PMBOK. The discussion can be tailored to any projects of any industries and how the domains can lead project manager to deliver project outcomes successfully.
The Project Management Body of Knowledge (PMBOK) is a globally recognized standard of project management practices. The PMBOK has eight project performance domains, which are crucial for the success of any project.
These domains are:Project Integration Management: It is the process of coordinating all the activities of a project in a unified and cohesive manner.Project Scope Management: This domain includes the processes required to ensure that the project includes all the work required and only the work required to complete the project successfully.Project Schedule Management: This domain involves defining, developing, and managing the project schedule in a way that ensures the timely completion of the project.Project Cost Management:
This domain involves planning, estimating, budgeting, financing, funding, managing, and controlling costs associated with a project.Project Quality Management: It is the process of ensuring that the project meets or exceeds the stakeholders’ expectations and requirements.Project Resource Management: It involves managing the human resources, equipment, materials, and supplies required to complete the project successfully.Project Communication Management:
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Are porters five forces and PESTEL analysis relevant and useful
to DHL? in what way?
Yes, Porter's Five Forces and PESTEL analysis are both relevant and useful to DHL. By understanding these factors, DHL can develop strategies that allow it to remain competitive in the market.
Below are the ways in which they are useful:
Porter's Five Forces: DHL is in the logistics and delivery industry, and Porter's Five Forces analysis can help DHL determine the level of competition within the industry. DHL will be able to identify key factors that determine competition, such as the bargaining power of suppliers and buyers, the threat of new entrants, the threat of substitute products or services, and the intensity of rivalry among competitors.
PESTEL Analysis: PESTEL analysis examines the Political, Economic, Sociocultural, Technological, Environmental, and Legal factors that impact a company's operations. DHL operates in many countries around the world, so it's important for the company to be aware of the local laws, regulations, and cultural norms that may affect its business operations. For example, changes in economic conditions could affect DHL's ability to offer competitive pricing, while changes in environmental regulations could affect DHL's ability to deliver packages to certain areas.
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A company factored $50,000 of its accounts receivable and was charged a 1actoring fee. the journal entry to record this transaction would include a:______
e. Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000
When a company factors its accounts receivable, it sells the receivables to a financial institution at a discounted price. In this case, the company factored $45,000 of its accounts receivable with a factoring fee of 3%.
The journal entry to record this transaction would include a debit to Cash for the amount received, which is the discounted value of the accounts receivable after deducting the factoring fee. The discounted value can be calculated as $45,000 - ($45,000 * 3%) = $43,650.
Additionally, there would be a debit to Factoring Fee Expense for the factoring fee charged by the financial institution, which is $45,000 * 3% = $1,350.
Lastly, there would be a credit to Accounts Receivable to remove the amount factored from the company's books. The credit amount would be the original value of the accounts receivable, which is $45,000.
Therefore, the correct journal entry is a debit to Cash of $43,650, a debit to Factoring Fee Expense of $1,350, and a credit to Accounts Receivable of $45,000.
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The complete question is:
A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:
a. Debit to Cash of $45,000 and a Credit to Account Receivable of $45,000b. Debit to Cash of $46,350 and a Credit to Account Receivable of $46,350c. Debit to Cash of $45,000 and a Credit to Notes Payable of $45,000d. Debit to Cash of $45,000, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $43,650e. Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000At
the end of every 6 months, Parvati deposited $200 into a savings
account that paid 3.5%/a compounded semi-annually. She made the
first deposit when her son was 6 months old and the last deposit on
The amount of money in the savings account will be $810.57 when her son was 6 years and 6 months old.
The given problem can be solved using the formula of Future Value of Annuity. The formula is given as:
FV of Annuity = PMT [(1 + i)^n - 1] / i
Where,PMT = Payment made in regular intervals,
n = Number of regular intervals,
i = Rate of interest per regular interval
FV of Annuity = $200 [(1 + 0.035/2)^(12/6) - 1] / (0.035/2)
FV of Annuity = $200 [1.035^2 - 1] / 0.0175
FV of Annuity = $200 [0.071225] / 0.0175
FV of Annuity = $810.57
Therefore, the amount of money in the savings account when her son was 6 years and 6 months old was $810.57.
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A brief survey regarding opinions about recycling was carefully designed so that the wording of the questions would not influence the responses. Jill administered the survey at a farmer’s market. She approached adults and asked if they would fill out the survey, explaining that the results might be used to set trash collection and recycling policy in the city. She stood by silently while the form was filled out. Jill was wearing a green T-shirt with the slogan "fight global warming." Are the respondents a random sample of people in the community? Are there any concerns that Jill might have influenced the respondents?
The respondents are not a random sample of people in the community because the people surveyed were all at the farmer's market and hence could have been biased.
What is the concern?There is a concern that Jill might have influenced the respondents because she was wearing a green T-shirt with the slogan "fight global warming."
She may have come off as biased or pushed people towards a certain answer. Therefore, the survey may not be entirely accurate and representative of the community's opinions on recycling.
What is the purpose of a survey?
A survey is used to gather information about a population's views, opinions, or experiences. The aim is to collect information from a group of people who represent the entire population being studied.
A survey can be used for many purposes, such as to test opinions on new products or services, to measure customer satisfaction, to gather feedback on website design, or to gain insights into people's political beliefs, to mention just a few.
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If an American firm opens a production facility in India, the total value of production, or output, will be included in a) a. GNP of India Ob) b. GDP of the US O c) c. GDP of India d) d. GNP of the US 31) Complete the statement: Whomever has the good, and should therefore specialize and a) A) higher; absolute advantage; export b) B) lower; comparative advantage; import Oc) C) lower : comparative advantage; export d) D) lower; absolute advantage ; export opportunity cost has the that good primarily under trade. in that coffee 15 U.S. 20 coffee 10 Saudi Arabia a) A) None have the comparative advantage in cars b) By Both have the comparative advantage in cars Oc) C) U.S. to cars 32) Consider Figure 00, which shows the PPFs for the U.S. and Saudi Arabia. Which country has the comparative advantage in cars (the endpoint for Saudi Arabia in cars is 40)? d) D) Saudia Arabia has the lower opp cost (.25) than the U.S. (.75) in cars
If an American firm opens a production facility in India, the total value of production, or output, will be included in c) GDP of India.
Complete the statement: Whomever has lower opportunity cost should therefore specialize and b) lower; comparative advantage; import.
Regarding the comparative advantage in cars, c) U.S. has the comparative advantage in cars.
Comparative advantage is an economic concept that highlights the ability of a country, individual, or firm to produce a particular good or service at a lower opportunity cost compared to others. It emphasizes the efficiency gained through specialization and trade. When entities focus on producing goods or services where they have a comparative advantage, they can trade with others who have a different comparative advantage, leading to increased overall production and welfare. Comparative advantage forms the basis for international trade and promotes economic cooperation and specialization.
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Q4. How long should a milestone activity (activity) last?
Milestone activity is the achievement of the predetermined objectives, where each milestone represents a significant step towards the completion of the project.
What are the factors?Hence, the duration of a milestone activity (activity) can vary and depends upon several factors.
The milestones are significant parts of the project that need to be accomplished to reach the overall project objective.
Milestones are usually defined as markers that will signify specific points in the project.
The time that a milestone activity can take depends on the specific nature of the project and the objectives of the project, and the length of a milestone activity can vary accordingly.
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1. What are some characteristics associated with dividends paid
on common stock? What is a dual class firm? Why do firms typically
issue dual classes of common stock? Who are major holders of
corporat
Dividends paid on common stock are characterized by being discretionary, meaning they are not guaranteed and depend on the company's profitability and board of directors' decision.
Dividends can be paid in cash or additional shares of stock, and they provide a return to shareholders. A dual class firm refers to a company that has multiple classes of common stock, typically with different voting rights. Firms may issue dual classes of stock to retain control in the hands of founders or certain shareholders while still allowing for public investment. Major holders of corporate stock can include institutional investors, such as mutual funds, pension funds, and other large financial institutions.
Dividends on common stock are not obligated and are determined by the company's financial performance and the discretion of the board of directors. They can be distributed as cash payments or additional shares of stock, providing a return on investment to shareholders.
A dual class firm is a company that issues multiple classes of common stock with different voting rights. Typically, one class (usually Class A) has more voting power than the other class (usually Class B). This structure allows founders or certain shareholders to retain control over the company while still raising capital through public stock offerings.
Firms may choose to issue dual classes of common stock to ensure that key decision-makers maintain control and have the ability to make long-term strategic decisions without being swayed by short-term pressures from public shareholders. This structure is common in technology companies, where founders want to maintain their influence and vision.
Major holders of corporate stock can include institutional investors such as mutual funds, pension funds, and other large financial institutions. These entities invest significant amounts of capital on behalf of individuals and organizations, and they can hold substantial ownership stakes in companies, influencing corporate governance and decision-making.
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Short Question 1(10%) - What is the purpose of a minimum price and using an example and a diagram explain its effects? Short Question 2(10%) - What is the purpose of a maximum price and using an example and a diagram explain its effects?
The purpose of a minimum price, also known as a price floor, is to establish a legal minimum price that is higher than the equilibrium price in a market.
objective is to ensure that producers receive a certain level of income or that certain goods and services are provided at a certain quality.
For example, let's consider the market for agricultural products such as wheat. Suppose the government sets a minimum price for wheat at $5 per bushel, which is above the equilibrium price of $3 per bushel. The diagram below illustrates the effects:
Price
|
Pmin |------------------ Minimum Price ($5)
|
| Demand
| /\
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
|/ \
---------------------------------------
| Quantity
The effects of the minimum price are as follows:
- Quantity Demanded: At the higher minimum price, the quantity demanded decreases from Q1 to Q2. Consumers are less willing to purchase the product at the elevated price, leading to a reduction in demand.
- Quantity Supplied: The minimum price encourages producers to increase their production to take advantage of the higher price. As a result, the quantity supplied increases from Q1 to Q3.
- Excess Supply: The quantity supplied at the minimum price (Q3) exceeds the quantity demanded (Q2), creating a surplus or excess supply in the market.
- Inefficient Allocation: The surplus generated by the minimum price indicates an inefficient allocation of resources. Some of the produced goods remain unsold, leading to waste and inefficiency in the market.
Short Question 2:
The purpose of a maximum price, also known as a price ceiling, is to establish a legal maximum price that is lower than the equilibrium price in a market. The objective is typically to make goods or services more affordable for consumers, especially for essential products.
For example, let's consider the market for rental housing. Suppose the government imposes a maximum price on rental units at $1,000 per month, which is below the equilibrium price of $1,500 per month. The diagram below illustrates the effects:
Price
|
Pmax |------------------ Maximum Price ($1,000)
|
| Demand
| /\
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
| / \
|/ \
---------------------------------------
| Quantity
The effects of the maximum price are as follows:
- Quantity Demanded: At the lower maximum price, the quantity demanded increases from Q1 to Q2. Consumers find
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Please give final answer of both parts that which one
is true or it in 20 minutes please... I'll give you up
thumb definitely
29. The only ways for a bank manager to manage interest-rate risk are Gap analysis and Duration analysis. 30. Bank's off-balance sheet activities were the result of strict regulatory scrutiny by regul
29. The only ways for a bank manager to manage interest-rate risk are Gap analysis and Duration analysis. This statement is false. The bank manager can also use other ways for managing interest-rate risk. Gap analysis and Duration analysis are two of the primary methods of interest rate risk management, but they are not the only ones.
Banks can also use a variety of derivatives instruments, such as interest rate swaps and options, to hedge interest rate risk.30. Bank's off-balance sheet activities were the result of strict regulatory scrutiny by regul. This statement is true. Strict regulatory scrutiny by regulators is the reason behind banks' off-balance sheet activities. Banks engage in off-balance sheet activities to escape regulatory scrutiny and to provide less transparent disclosures.
These activities are less transparent because they do not appear on a bank's balance sheet. Banks may engage in off-balance sheet activities in order to raise capital, to manage risk, or to engage in other activities that would not be possible through their normal business operations.
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Ten years ago your grandfather purchased for you a 20-year $1,000 bond with a coupon rate of 9 percent. You now wish to sell the bond and read that yields are 6 percent. What price should you receive for the bond? Assume that the bond pays interest annually. Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.
The present value of a bond is the sum of the present values of its future cash flows, which include the coupon payments and the face value (principal) payment.
The coupon payment is calculated by multiplying the coupon rate by the face value of the bond:
Coupon payment = Coupon rate * Face value
In this case, the coupon rate is 9 percent, and the face value is $1,000, so the coupon payment is:
Coupon payment = 0.09 * $1,000 = $90
Now let's calculate the present value of the coupon payments. Since the bond pays interest annually and has a 20-year maturity, there will be 20 coupon payments of $90 each. The present value of a single coupon payment is calculated using the present value of a future cash flow formula:
Present value of coupon payment = Coupon payment / (1 + yield rate)^(number of years)
The yield rate is 6 percent, and the number of years for each coupon payment ranges from 1 to 20. We can use Appendix B to find the present value factors for different combinations of yield rates and years.
Using Appendix B, the present value factor for a yield rate of 6 percent and 20 years is 0.31214. Multiplying this factor by the coupon payment gives us the present value of the coupon payments:
Present value of coupon payments = $90 * 0.31214 = $28.09 (rounded to the nearest cent)
Next, we need to calculate the present value of the face value (principal) payment. The face value of the bond is $1,000, which will be received at the end of the 20-year period. Using the same formula as before, but with 20 years and a yield rate of 6 percent, we find the present value factor of 0.31214. Multiplying this factor by the face value gives us the present value of the face value payment:
Present value of face value payment = $1,000 * 0.31214 = $312.14 (rounded to the nearest cent)
Finally, we can calculate the price you should receive for the bond by summing the present values of the coupon payments and the face value payment:
Price of the bond = Present value of coupon payments + Present value of face value payment
= $28.09 + $312.14 = $340.23
Therefore, you should receive approximately $340 (rounded to the nearest dollar) for the bond.
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The present value of an investment is estimated at about $266,300. The expected generated free cash flow from the project for next year is $5,000 and is expected to grow 15% a year for the next four years following the first generated cash flow. After the fifth year, the growth rate is expected to drop to 4% in in perpetuity. Estimate the discount rate used in valuing this project.
This result doesn't make sense since the discount rate cannot be negative.
To estimate the discount rate used in valuing this project, we can use the present value formula:
Present Value = Cash Flow / (1 + Discount Rate)^n
Given that the present value of the investment is $266,300 and the expected generated free cash flow for next year is $5,000, we can substitute these values into the formula:
$266,300 = $5,000 / (1 + Discount Rate)^1
To find the discount rate, we need to solve for it. Rearranging the formula:
(1 + Discount Rate)^1 = $5,000 / $266,300
Simplifying:
(1 + Discount Rate) = 0.01879
Now, let's isolate the Discount Rate:
Discount Rate = 0.01879 - 1
Discount Rate = -0.98121
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Use the following cash flow data of Haven Hardware for the year ended December 31 , 2020 . What is the net cash provided by or used in investing activities of Haven Hardware? A) $12,000 B) −$12,000 C) −$62,000 D) $164,000
The net increase or decrease in cash for Haven Hardware for 2012 is $188,000.
To calculate the net increase or decrease in cash for Haven Hardware for 2012, we need to subtract the cash outflows (payments) from the cash inflows (receipts).
Cash inflows:
- Cash Collections from Customers: $575,000
- Sales of Equipment: $91,000
- Retirement of Common Stock: $65,000
Total cash inflows: $575,000 + $91,000 + $65,000 = $731,000
Cash outflows:
- Cash Payment on Salaries: $105,000
- Cash Payment on Interest: $50,000
- Purchase of Equipment: $75,000
- Purchase of Land: $43,000
- Cash Payments to Suppliers: $185,000
- Cash Dividend: $85,000
Total cash outflows: $105,000 + $50,000 + $75,000 + $43,000 + $185,000 + $85,000 = $543,000
To find the net increase or decrease in cash, we subtract the total cash outflows from the total cash inflows:
Net increase or decrease in cash = Total cash inflows - Total cash outflows
Net increase or decrease in cash = $731,000 - $543,000
Net increase or decrease in cash = $188,000
Therefore, the net increase or decrease in cash for Haven Hardware for 2012 is $188,000.
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Consider the market for food in a hypothetical Country A.
(a) In the space provided below, draw a diagram of the market for food. Then show (and
explain) what would happen if there was a large influx of migrants attracted by a
mining boom in that country. (b) Suppose the government of Country A is concerned about consumers not being able to
afford this basic necessity, and therefore does not allow the price of food to rise. How
will this affect the market for food? Show this in the diagram. (c) Evaluate the consequences of this government policy. (d) How might the government use an alternative type of government intervention to
achieve the same outcome?
a) In response to a large influx of migrants attracted by a mining boom, the demand for food in Country A would increase.
This would result in a rightward shift of the demand curve in the market for food. As a result, both the equilibrium price and quantity of food would increase. The diagram would show a shift of the demand curve to the right, leading to a new equilibrium with a higher price and quantity of food.
b) If the government does not allow the price of food to rise despite concerns about affordability, it would create a situation of price control or price ceiling. This would lead to excess demand or a shortage of food in the market. In the diagram, it would be shown as the demand curve shifting to the right but the price being artificially held below the equilibrium price, resulting in a gap between the quantity demanded and the quantity supplied.
c) The consequence of the government policy would be a persistent shortage of food, as the price control prevents the market from reaching equilibrium. This could lead to black market activities, reduced quality and availability of food, and increased reliance on government subsidies or rationing.
d) An alternative type of government intervention to achieve the same outcome of ensuring affordability of food could be through direct income transfers or subsidies targeted at low-income individuals or vulnerable groups. This would address the affordability issue without distorting the market equilibrium and causing persistent shortages.
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A 7-year, 5 percent coupon bond has a yield to maturity of 4 percent. A portfolio manager with a four-year horizon needs to forecast the total return on the bond over the coming four years. In four years, the yield to maturity on this bond is expected to be 5 percent and the coupon payments can be reinvested in short term securities at a rate of 2, 2.5, 3, and 3.5 percent respectively for the next four years. Calculate the estimated annualized return based on these predictions
To calculate the estimated annualized return based on the given predictions,
we'll follow these steps:
Determine the cash flows:
Identify the cash flows associated with the bond over the four-year horizon. In this case, the bond has a 5 percent coupon rate, so each year you will receive a coupon payment equal to 5 percent of the bond's face value. At the end of the four years, you will also receive the face value of the bond.
Calculate the present value of the cash flows:
Discount each cash flow to its present value using the corresponding yield to maturity (YTM) or reinvestment rate.
Since the coupon payments are reinvested in short-term securities, the present value of each coupon payment will be calculated based on the reinvestment rate for that year. The present value of the face value payment will be calculated using the YTM in four years.
Sum up the present values of the cash flows: Add up the present values of all the cash flows to obtain the total present value of the bond.
Calculate the estimated annualized return: Find the annualized return by solving for the internal rate of return (IRR) of the bond's cash flows. This is the discount rate that makes the present value of the cash flows equal to the initial investment in the bond.
Now, let's perform the calculations step by step:
Determine the cash flows:
Coupon payments:
Each year, you receive a coupon payment equal to 5% of the bond's face value. If the face value is not provided, we'll assume it to be $100 for simplicity.
Therefore, the coupon payments are:
$5, $5, $5, $5.
Face value payment: At the end of the four years, you will receive the face value of the bond, which is also assumed to be $100.
Calculate the present value of the cash flows:
Year 1 coupon payment: Present value = $5 / (1 + 2%)^1 = $4.90
Year 2 coupon payment: Present value = $5 / (1 + 2.5%)^2 = $4.85
Year 3 coupon payment: Present value = $5 / (1 + 3%)^3 = $4.72
Year 4 coupon payment: Present value = $5 / (1 + 3.5%)^4 = $4.58
Face value payment in Year 4: Present value = $100 / (1 + 5%)^4 = $82.29
Sum up the present values of the cash flows:
Total present value = $4.90 + $4.85 + $4.72 + $4.58 + $82.29 = $101.34
Calculate the estimated annualized return:
Now, we need to find the discount rate that makes the total present value of the cash flows equal to the initial investment in the bond, which is the bond's current price.
Assuming the bond's current price is $100, we'll solve for the IRR using a financial calculator or software. The estimated annualized return is found to be approximately 2.61%.
Therefore, based on the given predictions, the estimated annualized return on the bond over the next four years is approximately 2.61%.
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2. HR Policies
Pretend you are the HR manager of your current (or a previous) employer. You have noticed that employees are not doing what they should be. Explain WHY you think they are not performing. Design a performance appraisal system so your employees will know what behavior is expected. What impact do you think your new appraisal system will have on your company?
As the HR manager of my current employer, if I noticed that the employees were not doing what they were supposed to be doing, I would carry out a thorough investigation to identify the root cause of the problem.
Based on my investigation, the following could be the reasons for the employees' poor performance: Lack of job satisfaction, limited career advancement opportunities, poor leadership, inadequate training and development opportunities, insufficient communication between the employees and management, inadequate employee recognition, rewards, and compensation. To ensure that employees are aware of the performance expectations, I would design an effective performance appraisal system that will provide the following: clear communication of performance expectations, regular feedback on performance, identification of employee strengths and weaknesses, training and development plans, and rewards and compensation for excellent performance.
The new appraisal system would help the company in various ways, such as boosting employees' motivation and engagement, enhancing the company's overall productivity and profitability, improving the quality of products and services, retaining top-performing employees, and attracting new talent to the organization. Therefore, it is essential to develop a performance appraisal system that is tailored to the organization's needs, objectives, and culture to ensure the employees' success and the company's overall success.
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What factors of a group work situation affect cohesiveness? Discuss
the differences between Tuckman’s 5-stage model and Gersick’s
punctuated equilibrium model.
Group work is becoming a crucial element in organizational activities, and the cohesiveness of groups affects the outcome of a team. Group cohesiveness refers to the degree to which the members of a group feel united and committed to one another's goals. The factors that influence cohesiveness in group work include individual characteristics, group size, the nature of the task, group success, and external competition.
Individual characteristics
Individual characteristics like age, personality, and personal background influence the cohesiveness of group work. A group with members that share similar characteristics is more likely to be cohesive.
Group size
The larger the group, the less cohesive it becomes, as it becomes challenging to coordinate individual efforts and communicate.
Nature of the task
Group cohesiveness is stronger when the task is significant and meaningful, and members are more committed to working together towards the end goal.
Group success
The achievement of a common goal by the group builds cohesion among its members and encourages them to continue working together.
External competition
External competition can impact group cohesiveness. The group may work harder to outperform the competition and be more cohesive as a result.
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MK metrics.
Kyra's Café is putting a new entrée on its dinner menu. The office intern says, "But I've done the analysis, and with the cannibalization that we expect, the weighted contribution margin on this new entrée is negative. Our profits shrink with every unit sold!" But management insists on going ahead with the introduction. Why might they do that? Please explain two or three reasons why this café might introduce a new dish even knowing that total profits get smaller with every unit sold?
need help please need 250 words explanation.
Kyra's Café might introduce a new dish despite the negative impact on profits because it can enhance their brand image and differentiate them in the market, leading to long-term growth and customer loyalty.
There are several reasons why Kyra's Café might introduce a new dish despite the expected negative impact on total profits. Here are two or three possible explanations:
1. Strategic Positioning and Differentiation: Introducing a new entrée could be a strategic move to position the café as innovative and unique in the market. By offering a distinct dish that sets them apart from competitors, they can attract new customers and enhance their brand image. This differentiation can lead to increased customer loyalty and overall growth, which may outweigh the negative impact on profits in the short term. Management may believe that the long-term benefits of establishing a competitive advantage outweigh the initial financial drawbacks.
2. Cross-Selling and Upselling Opportunities: The new entrée might serve as a complementary or upselling item to other high-margin dishes or beverages on the menu. While the individual contribution margin of the new dish may be negative, its introduction could encourage customers to order additional items or upgrade their orders, thus increasing the overall average transaction value. Management may see this as an opportunity to drive incremental revenue and offset the negative impact on profits through cross-selling and upselling strategies.
3. Customer Satisfaction and Retention: Introducing a new dish could be driven by a desire to cater to specific customer preferences and enhance the overall dining experience. While the new entrée may not generate significant profits on its own, it could contribute to customer satisfaction and loyalty. Satisfied customers are more likely to return to the café, potentially leading to repeat business and positive word-of-mouth recommendations. By prioritizing customer satisfaction and retention, management aims to build a loyal customer base that will generate sustainable profits in the long run.
It is important to note that these reasons are not mutually exclusive and can work in combination. Each decision to introduce a new dish should be carefully evaluated, considering the café's overall strategy, market dynamics, and customer preferences. Financial analysis alone may not capture the full picture, as strategic considerations and customer-centric approaches are crucial in the competitive restaurant industry.
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1. Tell me about yourself (note. Completed my graduation From
North South University in Computer Science and Engineering And
Currently I am an Employee of SEBPO for the position holding
Executive).
I completed my graduation in Computer Science and Engineering from North South University. Currently, I am working as an Executive at SEBPO.
During my time at North South University, I gained a strong foundation in computer science and engineering.
I was exposed to various programming languages, software development methodologies, and problem-solving techniques. This education equipped me with the skills necessary to excel in the TECHNOLOGY industry.
As an Executive at SEBPO, I have been involved in various responsibilities related to my field. I have actively participated in project management, coordinating tasks, and ensuring timely completion of deliverables. Additionally, I have collaborated with cross-functional teams, including developers, designers, and quality assurance professionals, to ensure the successful execution of projects.
My role also involves analyzing client requirements, providing technical expertise, and offering innovative solutions to enhance efficiency and productivity. I have gained valuable experience in handling client interactions, addressing their concerns, and delivering high-quality results.
I am passionate about staying updated with the latest advancements in the field of technology. I continuously strive to enhance my knowledge and skills by engaging in professional development opportunities, attending workshops, and exploring new technologies.
Overall, my educational background and professional experience have shaped me into a motivated and dedicated individual, ready to contribute to the growth and success of the organization I work for.
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January 14.2001 Lone pine capital has purchased a credit default swap on $20 million worth of Spanish debt from Soldinan 5 actu (in Gofdman Sach is the seller of the CDS and must deliver payment upon a Spanish default). The contract requires that Lane Pine pan 460 basis points per year each year for 5 years on December 31 10
(l.e, the first annual payment is due December 31 ∘
2001 ). Onlunk 31,20002 . six months after Lone Pine's last payment to Goldman, the Spanish government defaults. The 5 panish debt is now worth 3.75 pir 51.00. How much must Goldman Sach's pay Lone Pine Capital? 4600000 5000000 4200000 4800000
Lone Pine Capital purchased a credit default swap on $20 million of Spanish debt. After a default, Goldman Sachs must pay Lone Pine $55 million.
Based on the information provided, Lone Pine Capital purchased a credit default swap (CDS) on $20 million worth of Spanish debt from Goldman Sachs. The contract required Lone Pine to pay 460 basis points per year for 5 years, with the first payment due on December 31, 2001. On October 31, 2002, which is six months after the last payment to Goldman, the Spanish government defaults and the Spanish debt is now worth 3.75 per $1.00.
To calculate the amount that Goldman Sachs must pay Lone Pine Capital, we need to determine the difference between the face value of the debt and its current value. The face value of the debt is $20 million, and its current value is $3.75 per $1.00. Therefore, the current value of the debt is $20 million multiplied by 3.75, which equals $75 million.
Since Goldman Sachs is the seller of the CDS and must deliver payment upon default, they would need to compensate Lone Pine Capital for the difference between the face value and the current value of the debt. The difference is $75 million minus $20 million, which equals $55 million.
Therefore, Goldman Sachs must pay Lone Pine Capital $55 million.
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How would you go about determining how many use-case models you will need to create to specify the functional requirements for your development project? How would you go about determining what requirement specifications will require use-case models, declarative requirements, or both? It is difficult to determine the level of detail in which a use case description should be written. What makes the level of detail low or high? What factors would you consider to determine the appropriate level of detail for a use case description?
To determine the number of use-case models needed to specify functional requirements for a development project, an initial step would be to conduct a thorough analysis of the project's scope, complexity, and system requirements. This analysis should involve understanding the various user roles, their interactions with the system, and the desired functionalities. Based on this analysis, one can identify the different use cases that capture the system's behavior and define the interactions between the users and the system. The number of use-case models required will depend on the complexity of the project and the diversity of user interactions.
Determining whether requirement specifications should include use-case models, declarative requirements, or both can be done by considering the nature of the requirements. Use-case models are effective in capturing user interactions and system behavior, while declarative requirements define specific conditions, constraints, or business rules. If the requirements primarily involve capturing user interactions and system behavior, then use-case models are more suitable. On the other hand, if the requirements focus on specific conditions or constraints, declarative requirements might be more appropriate. A combination of both can be used when the project requires a comprehensive representation of the system's functionality.
The level of detail in a use case description can vary based on the project's needs. A use case with low detail provides a high-level overview of the interaction between actors and the system, highlighting the main steps and outcomes. On the other hand, a use case with high detail provides a more granular view, including alternate flows, exception handling, and specific data inputs/outputs. Factors to consider when determining the appropriate level of detail for a use case description include the project's complexity, the level of system understanding required, the intended audience, and the development team's preferences. It is crucial to strike a balance between providing enough information to guide development and avoiding excessive complexity that may hinder comprehension and flexibility.
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DS Unlimited has the following transactions during August. August 6 Purchases 88 handheld game devices on account from GameGirl, Incorporated, for $290 each, terms 1/10, n/60. August 7 Pays $490 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl eight game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 68 game devices purchased on August 6 for $310 each to customers on account. The total cost of the 68 game devices sold is $19,939.00.
Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system.
The cost of goods sold is calculated as the total cost of the 68 game devices sold ($19,939) based on their purchase cost.
To record the transactions for DS Unlimited using a perpetual inventory system, we will create journal entries for each transaction. Here are the journal entries:
August 6:
Accounts Receivable - GameGirl 25,520 (88 * $290)
Inventory 25,520 (88 * $290)
August 7:
Accounts Payable - Sure Shipping 490
Cash 490
August 10:
Inventory 2,320 (8 * $290)
Accounts Payable - GameGirl 2,320 (8 * $290)
August 14:
Accounts Payable - GameGirl 22,200 (76 * $290) [Total amount due - returned items]
Cash 21,978 (22,200 - 222) [Total amount paid]
August 23:
Accounts Receivable 21,080 (68 * $310) [Total selling price]
Sales 21,080
Cost of Goods Sold 19,939 (Total cost of 68 game devices sold)
Inventory 19,939
The amount for Cost of Goods Sold is given as $19,939, which means the company sold all 68 game devices purchased on August 6. Therefore, there is no remaining inventory for these items.
These journal entries record the purchases, returns, sales, and payments made by DS Unlimited during August using a perpetual inventory system.
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