The type of life insurance policy that K purchased can be determined based on the given information.
In this case, K purchased a policy that will pay the face amount to her if she lives to age 65, or to her beneficiary if she dies before age 65.The policy that aligns with these conditions is: b) Term to Age 65
Term life insurance provides coverage for a specified term or period. In this case, the policy will provide coverage until age 65. If K survives until age 65, the policy will expire, and no further benefits will be paid. If K dies before reaching age 65, the face amount will be paid to her beneficiary.
Therefore, the correct answer is b) Term to Age 65
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In what ways are government agencies akin to
monopolies? In what ways are government agencies unlike
private-sector monopolies?
Government agencies are somewhat similar to monopolies in some ways. In addition, they share certain similarities with private-sector monopolies, but they also have several differences. Here are some of the similarities and differences that you need to know Ways government agencies are similar to monopolies Control over the market: Monopolies have the ability to manipulate the market because they have a great deal of control over it.
Similarly, government agencies have the authority to regulate the market, which can be beneficial or detrimental to consumers and businesses.Limited competition: In a monopoly, there is little to no competition. Similarly, in some government agencies, there is no competition at all.
They can make decisions without worrying about competition, which can harm consumers and the economy.Barriers to entry: Government agencies and monopolies can sometimes make it difficult for new businesses to enter the market. As a result, this reduces competition and increases the agency's power.
Ways government agencies are different from private-sector monopolies Ownership Government agencies are publicly owned and controlled, whereas private-sector monopolies are privately owned. As a result, government agencies are more accountable to the public.Regulations: Government agencies are subject to regulations that private-sector monopolies are not.
They have to follow specific rules and procedures and are subject to oversight by elected officials, which can limit their power. In contrast, private-sector monopolies have a greater degree of freedom to make their own decisions.Purpose: Government agencies are created to serve the public good, whereas private-sector monopolies are created to generate profits for their owners.
As a result, government agencies have a responsibility to consider the interests of all citizens, whereas private-sector monopolies are solely focused on making a profit.Thus, we can say that there are both similarities and differences between government agencies and monopolies.
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critics of the minimum wage content that higher minimums cause employers to move up their labor demand curve reducing employment of low wage workers
Critics of the minimum wage argue that increasing the minimum wage leads to a decrease in employment for low-wage workers. This is because employers may respond to higher minimum wages by reducing their demand for labor.
To illustrate this, let's consider an example: Suppose the minimum wage is raised from $8 to $10 per hour. In response, a small business owner may decide to hire fewer employees or cut back on work hours to accommodate the increased labor costs. This reduction in employment opportunities can have a significant impact on low-wage workers who rely on these jobs for their income.
In summary, critics of the minimum wage believe that higher minimums cause employers to move up their labor demand curve, resulting in a reduction in employment opportunities for low-wage workers. However, it's important to note that there are differing opinions on the effects of minimum wage increases, and economists continue to debate the overall impact on employment levels.
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Conduct a research and discuss the meanings and the differences of the fields ‘PUBLIC BUSINESS LAW’ and ‘PRIVATE BUSINESS LAW’ in the concrete Zambian business context. Give a minimum of 3 practical examples for each category and describe the resulting obligations for the business owner. Apply the learned principles from the module and other researched materials, which dealt with the distinction of public law and private law.
Public business law refers to the legal rules, regulations, and legislation that regulate the conduct of business transactions between private individuals and the government or state in the public interest.
Private Business Law, on the other hand, refers to the legal rules, regulations, and legislation that govern the relationships between private entities, i.e., individuals and organizations.
What are the differences?Differences in Public and Private Business Law:
Public business law regulates business activities for the benefit of society as a whole. Private business law regulates business activities solely to protect private interests.
Public business law rules, regulations, and legislation can have an impact on public welfare, while private business law rules, regulations, and legislation are designed to protect individual business interests.
Practical Examples for Each Category:
Public Business Law
Examples of public business law include labor law, environmental protection law, taxation law, competition law, and corporate governance law.
Labor law requires employers to provide fair compensation to their employees, provide a safe and healthy work environment, and protect employees' rights to unionize.Environmental protection laws mandate that businesses take necessary measures to protect the environment and reduce their carbon footprint.Taxation laws require businesses to pay taxes to the government.Corporate governance laws mandate that companies should follow ethical standards and be transparent in their operations.
Private Business Law
Examples of private business law include contract law, tort law, property law, and intellectual property law.
Contract law governs the terms and conditions of contracts between businesses and individuals.Tort law governs how businesses should behave towards their customers, employees, and other third parties.Property law governs how businesses should use, transfer, or dispose of their property, including intellectual property.Intellectual property law governs the protection of intangible assets like trademarks, patents, and copyrights. Resulting Obligations for Business Owners:The obligation of a business owner in public business law is to comply with the set laws and regulations. Compliance helps to ensure that the business operates within the set rules and avoids legal issues.The obligation of a business owner in private business law is to respect the terms and conditions of contracts, be cautious to avoid actions that could result in damage to another party, protect their intellectual property, and respect property rights.
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Which of the following statements are correct in describing the efficiency of new public expenditures?(Check all that apply.)
Though the government typically funds socially valuable projects as part of a countercyclical fiscal policy, government waste is often a problem. The efficiency of public expenditures deteriorates when large sums of new government expenditures need to be spent quickly. The urgency makes it harder to identify and efficiently implement the projects that are socially beneficial. In addition, many of the projects with the highest social return have been funded already, raising the chance that a new project won't be socially desirable. Sometimes politics and special interests also get in the way, increasing the chances that wasteful projects with negative social value get funded. Finally, another important determinant of the effectiveness of expenditure-based policies is the lag in implementation. Long lags raise the concern that by the time many of the projects are implemented, the economy might already be past the point where these projects would have been most useful.
The correct statements that describe the efficiency of new public expenditures are as follows:Government waste is often a problem when the government typically funds socially valuable projects as part of a countercyclical fiscal policy.
Many of the projects with the highest social return have already been funded, raising the chance that a new project won't be socially desirable. Politics and special interests often get in the way, increasing the chances that wasteful projects with negative social value get funded. Long lags raise the concern that by the time many of the projects are implemented, the economy might already be past the point where these projects would have been most useful.
The efficiency of public expenditures deteriorates when large sums of new government expenditures need to be spent quickly. The urgency makes it harder to identify and efficiently implement the projects that are socially beneficial. These are the statements that describe the efficiency of new public expenditures.
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Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $240 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to have the investment available for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $219 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $230 million.
Required:
1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate).
4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2018, balance sheet?
4-b. Prepare the journal entry necessary to achieve this reporting objective.
5. How would Fuzzy Monkey’s 2018 statement of cash flows be affected by this investment assuming Fuzzy anticipates holding these investments for a sufficiently long period?
1. Jan 1, 2018: Investment in bonds (fair value) $219M; Cash $219M.
2. Jun 30, 2018: Cash $6M; Interest revenue $6M.
3. Dec 31, 2018: Cash $6M; Interest revenue $6M.
4-a. Investment reported at fair value: $230M.
4-b. Adjust investment to fair value: Investment in bonds (fair value adjustment) $11M; Unrealized gain on investment in bonds $11M.
5. Statement of cash flows unaffected by fair value changes.
1. Journal entry on January 1, 2018:
Investment in bonds (fair value) $219 million
Cash $219 million
2. Journal entry on June 30, 2018:
Cash (interest received) $6 million ($240 million × 6% × 6/12)
Interest revenue $6 million
3. Journal entry on December 31, 2018:
Cash (interest received) $6 million ($240 million × 6% × 6/12)
Interest revenue $6 million
4-a. Fuzzy Monkey will report its investment at fair value, which is $230 million, on the December 31, 2018, balance sheet.
4-b. Journal entry to adjust the investment to fair value on December 31, 2018:
Investment in bonds (fair value adjustment) $11 million ($230 million - $219 million)
Unrealized gain on investment in bonds $11 million
5. Fuzzy Monkey's 2018 statement of cash flows will not be affected by this investment since it is accounted for under the fair value option. Changes in fair value are not reflected in the statement of cash flows. Only cash flows from operating, investing, and financing activities are included in the statement of cash flows.
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Kindly Answer these Parts quickly... As its my final assignment.
Question# 01:
a. Why is there a tendency for collusion to occur in oligopolistic industries? Explain with the help of a diagram the process of determination of price and output in a collusive oligopoly.
b. Explain how the price leadership might evolve and function in an oligopolistic industry. Explain with a diagram the problem of determination of price and output in the case of price leadership.
c. What is a cartel? How are price and output determined in a cartel? Also, describe the conditions for the success of a cartel.
d. Explain and discuss the theory of marginal productivity.
e. How are the price and employment of a resource determined under perfect competition? Also, describe how the optimum allocation of resources takes place under perfect competition.
How are the price and employment of a resource determined under Monopoly? Also, describe how a Monopolist ends up in exploiting the resources.
a. There is a tendency for collusion to occur in oligopolistic industries because the firms in these industries have a significant amount of market power and are interdependent. If one firm changes its price or output, it will affect the market conditions for the other firms.
b. Price leadership might evolve and function in an oligopolistic industry when one firm is recognized as the dominant firm and sets the price, which the other firms then follow. The dominant firm takes into account the market conditions and the reactions of the other firms when setting the price. The problem of determination of price and output in the case of price leadership is that the leader firm might not take into account the costs and the profit-maximizing output of the other firms.
c. A cartel is an agreement between firms to restrict output and raise prices in order to increase their joint profits. Price and output are determined in a cartel through agreements between the firms on the quantity of output to produce and the price to charge. The conditions for the success of a cartel are that the firms must have significant market power, there must be a small number of firms in the industry, and the agreement must be enforceable.
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Blue Spruce Company is considering investing in a new dock that will cost $800,000. The company expects to use the dock for 5 years. after which it will be sold for $540,000. Blue 5 pruce anticipates annual cash flows of $350,000 resulting from the new dock. The company's borrowing rate is 8% while its cost of capital is 11% cuck here to view Py tables Calculate the net present value of the dock. (Use the above table) (Round factor values to 5 decimal plocet, es. 1.251.4 and finat answer to 0 decimal places, fs, 3,275 . Net present value $ Indicate whether Blue Spruce should make the investment. Bivespruce the project
The net present value (NPV) of the dock investment is $786,950. Since the NPV is positive, Blue Spruce should make the investment as it indicates that the project is expected to generate more value than the cost of capital.
To calculate the net present value (NPV) of the dock investment, we need to discount the cash flows and subtract the initial investment. The formula for NPV is:
NPV = -Initial Investment + (Cash Flow / (1 + Cost of Capital)^n)
Where: Initial Investment = $800,000
Cash Flow = $350,000
Cost of Capital = 11%
n = number of years
Using the provided information, the cash flow occurs annually for 5 years, and the dock will be sold at the end of the 5th year for $540,000.
Let's calculate the NPV:
NPV = -$800,000 + ($350,000 / (1 + 0.11)^1) + ($350,000 / (1 + 0.11)^2) + ($350,000 / (1 + 0.11)^3) + ($350,000 / (1 + 0.11)^4) + ($350,000 / (1 + 0.11)^5) + ($540,000 / (1 + 0.11)^5)
Using the provided table, the factor for the 11% discount rate for 1 year is 0.900. The factors for subsequent years are as follows: 0.811, 0.731, 0.658, 0.593, and 0.535.
Calculating the NPV:
NPV = -$800,000 + ($350,000 * 0.900) + ($350,000 * 0.811) + ($350,000 * 0.731) + ($350,000 * 0.658) + ($350,000 * 0.593) + ($540,000 * 0.535)
NPV = -$800,000 + $315,000 + $284,350 + $256,850 + $231,800 + $209,550 + $289,400
NPV = $786,950
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Appendix Four (Equipment Replacement Decision) Objective: The proposed manufacturing plant has a food packaging equipment. The analysis would provide Jacob with decision support as to use that equipment or procure a new one. Scenario: The current equipment was purchased eight years ago for $750,000 and has eight useful years remaining. The new machine will cost $ 380,000 and will have the same useful life remaining as the old machine and will have zero disposal value. Currently the annual operating cost is $110,000 and will reduce by 50% if the new equipment is purchased. If the new equipment is procured, it will need to be shut down once a year for maintenance purposes. Opportunity cost of the shut down period is as follows: - \$6,000 in each of the years 1-3 - $8,000 in each of the years 4 and 5 - $10,000 in each of the years 6 and 7 The old equipment will have limited use and can only fetch $120,000 when disposed off at this time. Methodology: The group would calculate the net advantage/ disadvantage of buying the new equipment by applying a discount rate of 10% wherever applicable.
Choosing whether to buy new equipment or keep utilising the existing one in Jacob's facility is a part of the equipment replacement choice.
Currently, the ageing equipment has eight more productive years left after being purchased for $750,000 eight years ago. The new equipment will cost $380,000 and will be used for a further eight years, but it has no disposal value. The running costs for the existing equipment are $110,000 year, and if the new equipment is purchased, these costs will drop to $55,000 annually, a 50% reduction. However, if Jacob decides to buy the new machinery, it will need to be shut down every year for maintenance. Over time, the closure period's opportunity cost changes: Years 1-3: $6,000, Years 4–5: $8,000, and Years 6–10: $10,000
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What is a major advantage of the fact that the Bank of Cotwhts is hanghy independent? Monetary policy is not subject to control by politicians Monetary policy cannot be changed once it has been completed. Monetary policy will always be coordinated with fiscal policy. Monetary policy is subject to regular ratification by parliamentary votes.
A major advantage of the fact that the Bank of Cotwhts is hanghy independent is that Monetary policy is not subject to control by politicians.
The Bank of Cotwhts being independent means that it is not influenced by political affiliations. The bank has the mandate to implement monetary policies that will help stabilize the economy and control inflation. This advantage ensures that the monetary policies are not influenced by the government of the day, thus protecting them from the whims of politicians.
This results in economic policies that are less vulnerable to political pressure, ensuring the independence of monetary policy decisions made by the bank. It is a critical attribute as it ensures that the bank makes monetary decisions based on its mandate and not the whims of politicians.
Therefore, a major advantage of the fact that the Bank of Cotwhts is hanghy independent is that Monetary policy is not subject to control by politicians.
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The market for factors of production are Land, Labour, Capital, Enterprise True False
True. The market for factors of production is made up of four main elements, including Land, Labour, Capital, and Enterprise. These elements are essential to the production of goods and services, and they help to drive the economy.
Here is a little more about each of the elements:
Land: This refers to all natural resources, such as land, water, and minerals. These resources are used to produce goods and services, and they are often in limited supply.
Labour: This refers to the human input in the production process, including workers and their skills.
Capital: This refers to the machinery, tools, and other equipment used to produce goods and services.
Enterprise: This refers to the entrepreneurial spirit, creativity, and innovation that is required to bring new products and services to the market.
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Suppose you file for personal bankruptcy under Ch. 7: 1. Will you be able to keep retirement funds and pensions? Explain. 2. Would your student loan be dischargeable? Explain. 3. Why would a debtor want to reatfirm a debt that would be discharged?
When an individual files for personal bankruptcy under Ch. 7, certain assets can be kept, such as retirement funds and pensions.
However, whether or not a student loan can be discharged depends on the circumstances, and debtors may sometimes choose to reaffirm a debt that would otherwise be discharged.
In the case of retirement funds and pensions, the Bankruptcy Code recognizes that these are necessary for a debtor's future financial stability.
Therefore, these funds are exempt from being liquidated to pay off debts, although there are some limits.
For example, individual retirement accounts (IRAs) are protected up to [tex]$1,362,800[/tex] in 2021, and traditional or Roth IRAs are also exempt from being liquidated to pay off debts.
As for student loans, they are generally non-dischargeable under bankruptcy, meaning that a debtor would still be responsible for paying them off even after bankruptcy.
However, there are some circumstances under which student loans can be discharged, such as if the debtor can prove that paying off the loan would impose an undue hardship.
This is a difficult standard to meet, and the burden of proof falls on the debtor.
Finally, sometimes a debtor may choose to reaffirm a debt that would otherwise be discharged.
This is usually done when the debtor wants to keep the asset that is securing the debt.
For example, a debtor may reaffirm a mortgage debt in order to keep their home.
By reaffirming the debt, the debtor is agreeing to continue making payments on the debt even after bankruptcy, but they get to keep the asset that is securing the debt.
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Which of the following functions of money would be violated if inflation were high? store of value unit of account certificate of gold medium of exchange Question 26 (Mandatory) What is a required reserve ratio? The percent of deposits that banks must keep on hand. The percent of reserves that banks can loan out. The ratio of deposits to loans. The ratio of reserves on hand to reserves on deposit with the Federal Reserve.
The function of money that would be violated if inflation were high is the store of value.
One of the most important functions of money is as a store of value. Money can be saved for use in the future due to this function. A store of value, as the name implies, is a function that allows you to store something for a later date. Inflation, on the other hand, has a significant impact on money's ability to serve as a store of value. When inflation is high, the purchasing power of money decreases, making it more difficult to save money for future use.
Inflation refers to a rise in the general level of prices over time, which can be due to a variety of factors such as a decrease in the money supply or an increase in aggregate demand. Inflation erodes the purchasing power of money, making it more difficult to store value in the form of cash or other liquid assets. As a result, high inflation makes it more difficult for money to serve as a store of value.
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One reason why emerging adults are likely to be involved in extreme political movements is that they have greater social ties and obligations. t/f
False. Social ties and obligations are not a definitive reason for emerging adults' involvement in extreme political movements.
False. The statement that one reason emerging adults are likely to be involved in extreme political movements is that they have greater social ties and obligations is not necessarily true. While social ties and obligations can play a role in shaping individuals' political beliefs and affiliations, it is not the sole or primary reason for involvement in extreme political movements.There are various factors that contribute to an individual's involvement in extreme political movements, such as ideological beliefs, socio-economic factors, personal grievances, and political disillusionment. Emerging adults may be drawn to extreme political movements due to factors like a search for identity, a desire for social change, or a sense of rebellion against established norms.It is important to note that not all emerging adults are involved in extreme political movements, and involvement can vary greatly among individuals based on their personal experiences, values, and perspectives. The reasons for involvement are multifaceted and complex, and cannot be solely attributed to greater social ties and obligations.In conclusion, while social ties and obligations may have some influence on emerging adults' political involvement, it is not a universally applicable reason for their involvement in extreme political movements.
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The risk-free interest rate is 3.9% per year, the liquidity premium is 0.2% per year, the maturity premium is 0.6% per year, the inflation premium is 1.6% per year, and the default premium is 2.9% per year. What is the annual real risk-free rate? Use the cross-product method, or Fisher effect.
1) 1.95%
2) 1.75%
3) 1.51%
4) 2.10%
5) 2.26%
The Fisher effect or cross-product method provides a simple approach to calculate the nominal interest rate, which can be converted to real interest rate by subtracting the inflation rate.
Nominal interest rate
= Real interest rate + Inflation rate. Therefore, Real interest rate = Nominal interest rate - Inflation rate.
The given terms are:The risk-free interest rate is 3.9% per yearThe liquidity premium is 0.2% per year
The maturity premium is 0.6% per yearThe inflation premium is 1.6% per yearThe default premium is 2.9% per year.
Annual real risk-free rate can be calculated as follows:
Nominal interest rate = risk-free interest rate + liquidity premium + maturity premium + default
premiumNominal interest rate
= 3.9% + 0.2% + 0.6% + 2.9%
Nominal interest rate
= 7.6%
The annual real risk-free rate can be calculated using the Fisher effect or cross-product method as follows.
Real interest rate = Nominal interest rate - Inflation rateReal interest rate = 7.6% - 1.6%
Real interest rate
= 6%
The annual real risk-free rate is 6%.Hence, the correct option is 1) 1.95%.
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Use vertical analysis to compute the common size percentage for
accounts payable for year 2. Round to the nearest tenth of a
percent. Do not include the % sign.
Vertical analysis is a method of analyzing the financial statements of a company. It involves the evaluation of various elements of a financial statement relative to a base amount.
Vertical analysis helps to evaluate a company's financial condition by comparing different items in the financial statements. Accounts payable are the amounts owed by a company to its suppliers for goods and services purchased on credit. It is an important element of a company's balance sheet.
The common size percentage for accounts payable can be calculated using the vertical analysis method. Vertical analysis helps to analyze the financial statement of a company by expressing different items as a percentage of a common base. Here's how to compute the common size percentage for accounts payable for year 2 using vertical analysis: Step 1: Determine the base amount for the vertical analysis.
The base amount for the vertical analysis of the balance sheet is the total assets. Step 2: Determine the total assets for year 2. Total assets for year 2 is $3,000,000. Step 3: Determine the accounts payable for year 2. Accounts payable for year 2 is $300,000. Step 4: Compute the common size percentage for accounts payable for year 2.
The common size percentage for accounts payable for year 2 is calculated as follows: Common size percentage = (Accounts payable / Total assets) × 100Common size percentage = ($300,000 / $3,000,000) × 100Common size percentage = 0.1 × 100Common size percentage = 10%Therefore, the common size percentage for accounts payable for year 2 is 10%.
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management and workers in an interest-based bargaining (ibb) environment should be willing to ________.
For successful interest-based bargaining, workers and management must be willing to share information, power, and resources. They should engage in a problem-solving mindset rather than adhering to rigid positions.
Interest-based bargaining (IBB) is a negotiation process that aims to identify and prioritize the interests of both management and workers. It involves collaborative efforts and open communication to develop solutions that satisfy the mutual interests of all parties involved. In an IBB environment, trust, active listening, and cooperation are essential.
Workers need to understand the business challenges faced by management and contribute their insights to finding mutually beneficial solutions. Similarly, management should be receptive to workers' concerns, suggestions, and negotiate solutions that address both their needs and the organization's needs.
By embracing an interest-based approach, workers and management can move beyond adversarial negotiations and foster a climate of collaboration. This approach encourages shared responsibility, accountability, and the exploration of creative solutions that benefit all parties involved. Effective interest-based bargaining can lead to improved trust, enhanced communication, and the development of a cooperative and productive work environment.
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Discuss the benefits of using the expected value in business
performance analysis.
The concept of expected value has significant applications in the business world. It is a measure of the likely value of an uncertain event, usually expressed in monetary terms.
1. Decision-making:Expected value is a significant tool in decision-making for businesses. It enables managers to make informed decisions by weighing different alternatives based on their probable outcomes. By using expected value, managers can determine the most beneficial course of action to take that maximizes their expected returns.
2. Risk management:Expected value is also crucial in managing risks. Businesses can use expected value to determine the likelihood and consequences of different risks. By evaluating the expected value of risks, they can decide the most appropriate risk management strategies to employ.
In conclusion, expected value has a broad range of applications in the business world. It enables businesses to make informed decisions, analyze investment options, manage risks, and evaluate performance. Therefore, businesses should embrace the use of expected value in their operations.
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Why is the history of social media over the last 20 years relevant to marketers working in this medium?
Social media marketers are always searching for the next big thing. What are a couple possibilities you see?
Social media has proven destructive to its users in many cases. How can marketers using social media avoid contributing the the medium's negative effects?
The history of social media over the last 20 years is relevant to marketers working in this medium as it offers insight into how it has evolved over time and how consumers use it. This information can be useful in developing marketing strategies and campaigns that resonate with users.
Additionally, it allows marketers to stay up to date on current trends and best practices, which can help them to create more effective campaigns.Some possible next big things in social media could be the rise of new platforms that offer unique features or capabilities, such as augmented reality or virtual reality. Additionally, the continued growth of video content on social media, particularly live streaming, is likely to be a major trend in the coming years.
To avoid contributing to the negative effects of social media, marketers should be mindful of their impact on users and strive to create content that is both engaging and responsible. This can include avoiding controversial or polarizing topics, using appropriate language and tone, and avoiding clickbait or misleading content. Additionally, marketers should be transparent about their intentions and avoid using deceptive tactics to gain followers or engagement.
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Union members who present themselves as job applicants and upon hiring organize from within the company, are referred to as ________.
a. free agents
b. salts
c. free riders
d. whistle-blowers
b. salts. The term "salt" is derived from the phrase "salting the workforce" with union sympathizers.
Union members who present themselves as job applicants and then organize from within the company are commonly known as "salts." Salting is a tactic used by unions to gain influence and organize employees within a company. Salts strategically apply for jobs to gain access to the workplace and advocate for unionization among the employees. By blending in as regular employees, they aim to build support and push for collective bargaining rights.
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In a profit centre approach to control, the profit center manager is not motivated to be concemed with: Select one: a. costs b. revenues c. the level of investment d. the amount of defective production e. the efficiency of direct labourers
In a center approach to control, the profit center manager is not motivated to be concerned with the level of investment of more than 100.
The correct option is c. the level of investment. A profit center is a segment of a corporation that earns revenue and directly incurs expenses while also being accountable for the expenses and profitability of the segment. Profit centers are accountable for both revenue and expenses and are expected to earn a profit.
As a result, profit centers' managers have the responsibility for managing expenses and making certain that revenues are generated. A profit center approach to control. Profit center approach to control is the type of management control in which a profit center is considered a cost center that is also accountable for the revenue produced by the services or goods it produces or supplies.
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19. The brown of the UPS man and the colorful matching McDonald's uniforms are both examples of a. Trade dress b. Certification mark c. Custom design d. Poor taste in fashion.
a. Trade dress
The brown of the UPS man and the color matching McDonald's uniforms are both examples of Trade dress.
Trade dress refers to the unique and overall image that distinguishes a company or product from others. Trade dress is the unique characteristic of a product that indicates its source and identifies it among other products. The physical appearance of the product, such as its size, shape, color, graphics, and packaging, can all contribute to its trade dress identity. Trade dress is a type of intellectual property, similar to trademarks and service marks, which provide a company with legal rights to use unique identifying marks or names for its products or services.
In summary, Trade dress refers to the overall design and appearance of a product or service that is distinctive and identifies it from competitors.
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The Dilly Company marks up all merchandise at 25% of gross
purchase price. All purchases are made on account with terms of
1/10, (1% discount if paid in 10 days) net/60 (full amount due
within 60 days
The Dilly Company is a business that marks up all merchandise at 25% of the gross purchase price. All purchases are made on an account with terms of 1/10 (1% discount if paid in 10 days) net/60 (full amount due within 60 days). There are a few key terms that are important to understand in this scenario.
The gross purchase price refers to the amount of money that the company pays to purchase the merchandise before adding a markup.
The markup is the additional amount added to the gross purchase price in order to determine the selling price of the merchandise. For The Dilly Company, this markup is 25%.
The terms of 1/10, net/60 refer to the payment terms that the company offers to its customers. If a customer pays within 10 days, they are eligible for a 1% discount on their purchase. If they do not take advantage of this discount, they must pay the full amount within 60 days.
This type of payment term is known as a cash discount, and it is a common way for businesses to encourage customers to pay their bills more quickly.
The Dilly Company must keep track of its accounts receivable in order to ensure that its customers are paying their bills on time. If customers are consistently late with their payments, this can cause cash flow problems for the business. By offering a cash discount for early payment, The Dilly Company can encourage its customers to pay their bills more quickly, which can help to improve cash flow.
Overall, The Dilly Company's pricing and payment policies are designed to help the business generate revenue and manage its cash flow effectively. By marking up its merchandise and offering cash discounts to its customers, the company can maximize its profits while still providing value to its customers.
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Paul and Frank each borrow $1,679 for 7 months. Paul's loan uses the simple discount model while Frank's loan uses the simple interest model. The annual simple discount rate on Paul's loan is 14.8%. What would the annual simple interest rate have to be on Frank's loan if their maturity values are the same? Round your answer to the nearest tenth of a percent.
Paul's loan with a 14.8% simple discount rate and Frank's loan with a simple interest rate would have equal maturity values.
In the simple discount model, the maturity value is calculated by subtracting the discount (interest) from the principal. Paul's loan has a principal of $1,679 and a simple discount rate of 14.8%.
Therefore, the discount on Paul's loan is 14.8% of $1,679, which is $248.49. The maturity value of Paul's loan would be $1,679 - $248.49 = $1,430.51. To find the annual simple interest rate that would give Frank's loan the same maturity value, we need to solve the equation:
Principal + (Principal * Interest Rate * Time) = Maturity Value
For Frank's loan, the principal is $1,679, the time is 7 months (converted to years by dividing by 12), and the maturity value is $1,430.51. Rearranging the equation, we get:
Interest Rate = (Maturity Value - Principal) / (Principal * Time)
Interest Rate = ($1,430.51 - $1,679) / ($1,679 * (7/12)) = -0.1443
Rounding this to the nearest tenth of a per cent, we get an annual simple interest rate of -14.4% for Frank's loan to have the same maturity value as Paul's loan.
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pleasant hills properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $94,325 each; 150 are street frontage lots and will sell for $65,450. the developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. compute the amount of joint cost to be allocated to the street frontage lots using value basis. (round your intermediate percentages to 2 decimal places.) multiple choice $1,920,000. $1,568,000. $1,080,000. $1,632,000. $720,000.
Determine the amount of joint cost to be allocated to the street frontage lots using value basis, we need to calculate the total value of the golf course lots and the street frontage lots.
The value of the golf course lots can be calculated by multiplying the number of lots (100) by the selling price per lot ($94,325). So, the total value of the golf course lots is
100 * $94,325 = $9,432,500.
The value of the street frontage lots can be calculated by multiplying the number of lots (150) by the selling price per lot ($65,450). So, the total value of the street frontage lots is
150 * $65,450 = $9,817,500.
To find the total value of all the lots, we can add the values of the golf course lots and the street frontage lots. Therefore, the total value of all the lots is
$9,432,500 + $9,817,500 = $19,250,000.
Next, we need to calculate the percentage of the street frontage lots' value to the total value of all the lots. This can be done by dividing the value of the street frontage lots ($9,817,500) by the total value of all the lots ($19,250,000).
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Minion, inc. , has no debt outstanding and a total market value of $211,875. Earnings before interest and taxes, ebit, are projected to be $14,300 if economic conditions are normal. If there is strong expansion in the economy, then ebit will be 20 percent higher. If there is a recession, then ebit will be 35 percent lower. The company is considering a $33,900 debt issue with an interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,500 shares outstanding. Ignore taxes for this problem.
Minion, Inc. is a company with no debt and a total market value of $211,875. They are considering issuing a $33,900 debt with an interest rate of 6% to repurchase shares of stock. Currently, there are 7,500 shares outstanding.
To analyze the impact of the debt issue, we need to consider the different scenarios based on economic conditions.
Considering the debt issue, the company needs to assess whether the benefits of repurchasing shares outweigh the costs of the debt. The impact of the debt issue on the market value of the company will depend on the economic conditions.
In a strong expansion scenario, the market value may increase, while in a recession scenario, it may decrease. The debt issue may also have an effect on the company's earnings.Minion, Inc. has a total market value of $211,875 and no debt.EBIT is projected to be $14,300 under normal economic conditions.In a strong expansion, EBIT will be 20% higher, and in a recession, it will be 35% lower.
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The entire economy consists of the production of trees, paper and textbooks. Trees are used to produce paper and paper is used to produce textbooks. The consumers in this economy consume paper and textbooks. Which of the following statements is true? A. Trees and paper are intermediate goods, while textbooks are only final goods B. Trees are capital goods, paper is an intermediate good, while textbooks are final goods c. Trees, paper and textbooks are all intermediate goods D. Trees are intermediate goods, textbooks are final goods, and paper is both an intermediate and a final good
It stated that trees and paper are intermediate goods, while textbooks are only final goods. This statement is incorrect because textbooks are not final goods as they are consumed by consumers. They are not utilized in the production of any other goods and services so that it can be regarded as the final goods.
For instance, the consumption of milk is the final consumption as we don't use it for the production of any other goods.Now, move to option B, which says that trees are capital goods, paper is an intermediate good, while textbooks are final goods.
This statement is wrong because the trees are not capital goods but are considered natural resources and should be classified as intermediate goods. Capital goods are those goods that are produced to manufacture other goods and services.
Now, let's check option C, which states that trees, paper, and textbooks are all intermediate goods. This statement is entirely incorrect because the textbooks are final goods and are not intermediate goods.
It states that trees are intermediate goods, textbooks are final goods, and paper is both an intermediate and a final good. Paper can be an intermediate good in the production of textbooks, or it can be the final good if it's used by the customers.
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Economic order quantity formula
EOQ = √ 2zCs for instantaneous replenishment
cC
Z = total annual usage Cs = cost of placing an order
c = unit cost of the item
C = carrying cost rate per year
EOQ = √(2zCs/cC)
The question
A Company annually purchases 2,600 kg of raw material X for € 33 per kg. The order costs are €250 per order. The stock costs per piece are € 30.50.
What is the optimal order size. Also give the calculation
The optimal order size is 212 kg, and this is the calculation.
EOQ is used to calculate the optimal order size. The economic order quantity formula is
EOQ = √(2 x Z x Cs/cC)
Where, Z = Total annual usage Cs = Cost of placing an order C = Carrying cost rate per year c = Unit cost of the item
Given,
Total annual usage = 2600 kg
Unit cost of the item, c = € 33
Cost of placing an order, Cs = € 250
Stock costs per piece, C = € 30.5
Calculate the optimal order size using the economic order quantity formula
EOQ = √(2 x Z x Cs/cC)
EOQ = √(2 x 2600 x 250/30.5 x 33)
EOQ = 212 kg
Therefore, the optimal order size is 212 kg, and this is the calculation.
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Arrowhead is a fintech startup that operates an online securities trading platform. Arrowhead's information technology ("IT") monitoring systems have detected multiple cyberattack attempts in the past two years. In a bid to bolster and publicise its IT security efforts, Arrowhead decided to start a "bug bounty" programme. A "bug bounty" is a reward given to any person who finds a qualifying security vulnerability in Arrowhead's trading platform and submits to Arrowhead a technical vulnerability report on it. On 3 rd June, Arrowhead published an online social media post on the "bug bounty" programme, which stated as follows: "We are offering a bug bounty of $5,000 to anyone who finds and reports a qualifying security vulnerability in our Arrowhead trading platform and submits a technical vulnerability report to us by 31 5t
December of this year! A minimum and guaranteed bounty pool of $100,000 has been set aside specially for this programme. Visit our website for more information on what constitutes a qualifying security vulnerability and our requirements for the technical vulnerability report." Natasha, an IT undergraduate, saw the post shortly after it was made and she was very excited to begin testing Arrowhead's trading platform. Within a few weeks of testing, she discovered a code execution bug in the platform, which falls within one of the categories of qualifying security vulnerabilities. Natasha then prepared a technical vulnerability report in line with Arrowhead's requirements and submitted the report to Arrowhead via email on 15 th October (i.e., before the stipulated deadline of 31 st December). Unknown to Natasha, Arrowhead had recently undergone an internal corporate restructuring exercise, and the newly installed management team wanted to terminate the "bug bounty" programme entirely. Subsequently, a representative from Arrowhead sent an email to Natasha to say that the programme has been terminated entirely and therefore she would not receive anything. Natasha was very upset with this reply, as she believed that she should be entitled to claim the sum of $5,000 as stated in Arrowhead's online social media post. Explain whether there is a valid contract between Arrowhead and Natasha that will entitle Natasha to claim the sum of $5,000 as mentioned in the online social media post. In your answer, you should identify and discuss the four (4) elements of a contract, as well as distinguish a unilateral contract from a bilateral contract. (This means that you should also state and define the four elements of a contract, discuss the relevant legal rules associated with them, and apply them with reference to the facts and circumstances described in the scenario.) (75 marks) Identify and discuss one (1) method of alternative dispute resolution ("ADR") which you would recommend to Arrowhead and Natasha to resolve their dispute. In your answer, you should compare and contrast your recommended ADR method with litigation, and provide reasons for your recommendation. (You are not required to cite the Rules of Court.)
Yes, there is a valid contract between Arrowhead and Natasha that will entitle Natasha to claim the sum of $5,000 as mentioned in the online social media post.The four elements of a contract include offer, acceptance, consideration, and intention to create legal relations.
These elements must exist to create a valid contract. In this scenario, Arrowhead made an offer by posting on its online social media page. Natasha accepted the offer by submitting a vulnerability report on time. The consideration involved in this contract was the $5,000 reward. Finally, Arrowhead had the intention to create legal relations when it published the "bug bounty" program. Therefore, all four elements of the contract are present in this scenario.
A unilateral contract is a contract where only one party makes an offer. A bilateral contract is a contract where both parties exchange offers. In this case, Arrowhead made an offer, and Natasha accepted it. Therefore, this is a bilateral contract. If only Arrowhead had made an offer, it would have been a unilateral contract.
One recommended method of alternative dispute resolution (ADR) that could be used to resolve the dispute is arbitration. The parties can choose an arbitrator who is an expert in IT security to decide the matter. Arbitration is a private process where a neutral third party decides the outcome of the dispute. It is less formal and less expensive than litigation.
Unlike litigation, arbitration proceedings are not made public, so the parties can keep the details of the dispute confidential.Litigation is the process of resolving disputes in court. It is a formal and time-consuming process that can be expensive. Compared to litigation, arbitration is faster, less formal, and less expensive. Therefore, arbitration is a better option for Arrowhead and Natasha to resolve their dispute.
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company processes apples into jam, juice, and canned tomatos. during the summer of 2018, the joint costs of processing the tomatoes were $10,000. there was no beginning or ending inventories for the summer. production and sales value information is as follows: product cases sales price at splitoff point separable costs final selling price jam 100 $6 per case $3.00 per case $28 per case juice 150 8 per case 5.00 per case 25 per case canned 200 5 per case 2.00 per case 10 per case product final sales value separable costs net realizable value percentage jam ? juice canned tomato totals determine final sales value to each product ?
By using the estimated NRV method, $3,521 of the joint costs are allocated to Jam, $4,225 to Juice, and $2,254 to Canned.
To allocate the joint costs using the estimated net realizable value (NRV) method, we need to determine the percentage allocation for each product and the amount of joint costs allocated to each product. The NRV method allocates joint costs based on the relative sales value of each product.
First, we calculate the sales value at the splitoff point for each product by subtracting the separable costs from the final selling price:
Jam: $28 - $3 = $25 per case
Juice: $25 - $5 = $20 per case
Canned: $10 - $2 = $8 per case
Next, we calculate the total sales value at the splitoff point for all products:
Total sales value = (100 cases x $25) + (150 cases x $20) + (200 cases x $8) = $2,500 + $3,000 + $1,600 = $7,100
To determine the percentage allocation for each product, divide each product's sales value at the splitoff point by the total sales value:
Jam percentage = ($2,500 / $7,100) x 100% = 35.21%
Juice percentage = ($3,000 / $7,100) x 100% = 42.25%
Canned percentage = ($1,600 / $7,100) x 100% = 22.54%
Finally, allocate the joint costs based on the percentages determined:
Joint costs allocated to Jam = $10,000 x 35.21% = $3,521
Joint costs allocated to Juice = $10,000 x 42.25% = $4,225
Joint costs allocated to Canned = $10,000 x 22.54% = $2,254
These allocations reflect the relative sales values of each product and provide a basis for cost apportionment.
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Complete question is:
Company processes apples into jam, juice, and canned tomatos. During the summer of 2018, the joint costs of processing the tomatoes were $10,000. There was no beginning or ending inventories for the summer. Production and sales value information is as follows:
Determine the percentage allocated to each product and amount of Joint Costs allocated to each product if the estimated NRV (net realizable value) method is used.
im sugar skull corp. uses no debtthe weighted average cost of capital is percent. if the current market value of the equity is $15.6 million and there are no taxes, what is
The question seems to be incomplete as it does not provide the information needed to calculate the weighted average cost of capital (WACC) or determine any specific value.
The question mentions that Sugar Skull Corp. uses no debt, but it does not provide the cost of equity or any other relevant data required to calculate WACC.The weighted average cost of capital (WACC) is a calculation used to determine the average rate of return required by all the capital providers of a company, such as equity investors and lenders. It takes into account the proportion of each type of capital used by the company and the cost associated with each type.WACC is calculated by multiplying the cost of equity by the proportion of equity in the company's capital structure, and adding it to the cost of debt multiplied by the proportion of debt in the capital structure. The formula is as follows:
Without the necessary information, it is not possible to calculate the weighted average cost of capital (WACC) or determine any specific value. To calculate WACC, we would need the cost of equity, the cost of debt, and the proportion of each type of capital used by the company. In this case, the question only provides the current market value of the equity, which is $15.6 million, and mentions that there are no taxes. However, this information is not sufficient to calculate WACC.To provide a more accurate answer, please provide the missing information, such as the cost of equity and the proportion of equity and debt in the company's capital structure.
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