The given information in the problem is:
Net sales = $768,000
Net income = $139,000
Total assets = $7,664,355
We know that the profit margin is the ratio of net income to net sales.
This can be represented as: Profit margin = Net income/Net sales
Now, substituting the values given in the problem, we get:
Profit margin= $139,000/$768,000
Profit margin= 0.181
This value can be converted to a percentage by multiplying it with 100.
Hence, Profit margin= 0.181 × 100
Profit margin= 18.1%
Therefore, the profit margin for Martin Corporation is 18.1%.
Hence, the correct option is 18.10%.
Note: The profit margin indicates how much profit a company generates per dollar of sales. In simple words, it measures the efficiency of the company in generating profit from the sales it makes.
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Question 7 (Marks: 10)
Discuss the purpose of a marketing information system (MIS) and
indicate the use thereof to management of Cape Union Mart
The purpose of a marketing information system (MIS)Marketing information system (MIS) is an organized method of collating, analysing, interpreting, storing, and distributing necessary information.
The purpose of MIS is to provide adequate, timely, relevant, and accurate data about the marketing environment and customer behavior that can be used by management to make decisions. In other words, the primary purpose of an MIS is to provide vital information that aids decision-making and helps a business achieve its goals.
This will provide the management of Cape Union Mart with the necessary information that will help them understand the customer's needs and wants, their buying behavior, and market trends.
In conclusion, the purpose of an MIS is to provide relevant, timely, and accurate information that helps management make informed decisions. Cape Union Mart can use MIS to analyze data about the market, customers, and competitors, which will provide them with valuable insights that will help them achieve their business objectives.
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Jane, a supervisor, has offered George, a subordinate, a raise and promotion in exchange for a sexual relationship. This is an example of harassment. hostile work environment inverse work discrimination reverse employment-at-will quid pro quo Each of the following is the headline from a recent news story. Which of these violations would not be covered by the Fair Labor Standards Act? - Nolita Ristorante was found guilty of failing to pay the federal minimum wage of $7.25 per hour for all the hours the employees worked. - Walmart was found guilty of overtime violations when the employer failed to record or pay for all of the hours that some employees worked. - Chipotle Mexican Grill was fined over accusations that it routinely violated Massachusetts child labor laws. - The California Department of Industrial Relations cited a retail business in Lawndale for failing to secure workers' compensation insurance for its employees. California insurance case Chipotle child labor case Nolita Ristorante minimum wage case All are violations of the Fair Labor Standards Act Walmart overtime pay case
The supervisor Jane, offering George, a subordinate, a raise and promotion in exchange for a sexual relationship is an example of quid pro quo harassment.
Quid pro quo harassment is a form of sexual harassment in the workplace that involves a person in a position of power requesting sexual favors from an employee in exchange for job benefits such as raises, promotions, or job security. It is a violation of Title VII of the Civil Rights Act of 1964, which prohibits discrimination based on sex, including sexual harassment, in the workplace.
All of the given violations would be covered by the Fair Labor Standards Act except for the California insurance case. The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, record-keeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.
The act sets a minimum wage of $7.25 per hour and requires employers to pay overtime at a rate of 1.5 times an employee's regular hourly rate for all hours worked over 40 hours in a workweek.
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Take me to the text Sammy Chin, the owner of SC Limited, prepared the following 2019 direct labor budget: SC Limited Direct Labor Budget For the Year Ended June 30, 2019 Q1 Q2 03 Budgeted Direct Labor Hours 33,000 26,000 50,000 55,000 Direct Labor Cost per Direct Labor Hour $12 $17 $8 $10 Budgeted Direct Labor Costs $396,000 $442,000 $400,000 $550,000 24 For 2019, Sammy budgets $541,200 of manufacturing overhead. The budgeted manufacturing overhead cost is normally allocated based on the budgeted direct labor hours. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Determine the amount of budgeted manufacturing overhead for each quarter. Q1 Q2 Q3 Q4 Total $ $ $ Budgeted Direct Labor Hours For 2019, Sammy budgets $541,200 of manufacturing overhead. The budgeted manufacturing overhead cost is normally allocated based on the budgeted direct labor hours. Do not enter dollar signs or commas in the input boxes, Round all answers to 2 decimal places. Determine the amount of budgeted manufacturing overhead for each quarter. Q1 Q2 Q3 Q4 Total $ $ $ Budgeted Direct Labor Hours $ $ A $ $ $ Predetermined Overhead Rate $ Budgeted Manufacturing Overhead Check
The budgeted direct labour hours and the $541,200 total manufacturing overhead cost are used to compute the budgeted manufacturing overhead for each quarter.
The manufacturing overhead rate for Q1 is $16.40 per hour, with 33,000 direct labour hours allocated in the budget. Therefore, $541,200 has been budgeted for manufacturing overhead for Q1. The manufacturing overhead rate for Q2 is $20.81 per hour, with 26,000 direct labour hours allocated in the budget. As a result, $540,060 has been budgeted for manufacturing overhead for the second quarter. The 50,000 direct labour hours allocated for Q3 translate into a manufacturing overhead rate of $10.82 per hour. For Q3, $541,000 has been budgeted for manufacturing overhead. Finally, 55,000 direct labour hours are allocated for Q4, which results in a manufacturing overhead cost of $9.84 per hour. As a result, the planned production expenses $541,200 is the total for Q4. The budgeted manufacturing overhead is as follows for each quarter: Q1: $541,200 Q2: $540,060 Q3: $541,000 Q4: $541,200 The $541,200 annual budgeted amount for manufacturing overhead remains unchanged.
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a manufacturer that is distributing coupons via the third screen is distributing them how?
A manufacturer distributing coupons via the third screen is utilizing digital platforms such as smartphones, tablets, or other portable devices to distribute these coupons.
The concept of the "third screen" refers to the use of mobile devices as a medium for delivering content and advertising to consumers. In this context, the manufacturer is leveraging digital technology to disseminate coupons directly to users' mobile screens. This can be achieved through various methods, such as mobile apps, SMS marketing, email campaigns, or mobile-friendly websites. By embracing the third screen, manufacturers can reach a wider audience, engage with customers in real-time, and provide personalized offers and promotions. This approach offers convenience to consumers, as they can easily access and redeem the coupons directly from their mobile devices. Additionally, it allows manufacturers to track the effectiveness of their coupon campaigns, gather valuable customer data, and adapt their marketing strategies accordingly. Overall, leveraging the third screen for coupon distribution enables manufacturers to enhance their reach and engagement while catering to the growing digital preferences of consumers.
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Calculate the expected return and standard deviation of a portfolio that invests 50% in a bond ETF and the remaining 50% in a diversified equity ETF. The expected return and standard deviation of the bond ETF is 0.01 (1%) and 0.099 (or 9.9%), respectively, and for the stock ETF 0.22 (or 22%) and 0.414 (or 41.4%). The correlation between the stock and bond ETFs is 0.1.
The expected return and standard deviation of the portfolio can be calculated as follows:
Expected return of portfolio:
To calculate the expected return of a portfolio, the expected return of each asset is multiplied by its weight in the portfolio and added together. In this case, the portfolio invests 50% in the bond ETF and 50% in the stock ETF. Therefore, the expected return of the portfolio is:
0.5 x 0.01 + 0.5 x 0.22 = 0.115
or 11.5%Therefore, the expected return of the portfolio is 11.5%.Standard deviation of portfolio:
To calculate the standard deviation of the portfolio, we need to use the formula for the variance of a portfolio, which takes into account the weights of the assets in the portfolio and their variances as well as their covariance. The standard deviation is the square root of the variance.
The formula for the variance of a portfolio is:
σ²p = w1²σ1² + w2²σ2² + 2w1w2σ1σ2ρ
where σ²p is the variance of the portfolio, w1 and w2 are the weights of assets 1 and 2 in the portfolio, σ1 and σ2 are the standard deviations of assets 1 and 2, and σ1σ2ρ is the covariance between assets 1 and 2.
In this case, the weights of the bond ETF and stock ETF in the portfolio are both 50%, the standard deviation of the bond ETF is 0.099, the standard deviation of the stock ETF is 0.414, and the correlation between the two ETFs is 0.1. Using these values in the formula above,
we get:
σ²p = (0.5)²(0.099)² + (0.5)²(0.414)² + 2(0.5)(0.5)(0.099)(0.414)(0.1)σ²p = 0.01415
Therefore, the standard deviation of the portfolio is the square root of 0.01415, which is 0.119 or 11.9%.
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Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P=2C+5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P=200 ? a. C=100 b. S=40 c. C=50,S=20 d. All points on the P=200 isoquant would cost the same.
The cost-minimizing fee combination producing P=200 is found to be C=50, S=20.
The cost-minimizing fee combination producing P=200 with the given production function P=2C+5S can be determined by using the cost-minimization rule.
It states that when there are two inputs (C and S) for a firm to produce a given level of output (P), the cost of production is minimized when the ratio of marginal productivities equals the ratio of input prices.
Mathematically, the cost-minimization rule can be represented as:
MPc / Pc = MPs / Ps
Where,MPc = marginal productivity of corn feed.
MPs = marginal productivity of soybean feed.
Pc = price of corn feed.
Ps = price of soybean feed.To find the cost-minimizing combination of inputs that produce P=200, we need to find the values of C and S that satisfy the cost-minimization rule and give P=200.
Using the production function P=2C+5S, we can find the marginal productivities of C and S as:
MPc = 2
MPs = 5
Using the given prices, Pc=$2 and Ps=$6, we can substitute the values in the cost-minimization rule and solve for C and S as:
C / S = 2 / 5
C = (2/5)S
Substituting C in terms of S in the production function and solving for S gives:
S=20
C= (2/5) x 20 = 8
Total cost of producing P=200 with C=50 and S=20 is:
C x Pc + S x Ps
= 50 x $2 + 20 x $6
= $100 + $120
= $220
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The countries of Ari and Zona have different cost ratios for coffee and bagels:
Ari: 3 pounds of coffee = 1 pound of bagels
Zona: 5 pounds of coffee = 1 pound of bagels
Assuming that the two countries want to consume both coffee and bagels and they could trade with each other, in what product should each nation specialize in? Please answer in the text box and be clear which country should specialize in what:
Ari should specialize in (your answer)
Zona should specialize in (your answer)
Zona should specialize in making bagels, whereas Ari should focus on producing coffee. Both countries can gain from greater efficiency and overall output by focusing in their respective areas of comparative advantage and then trading with one another.
Let's figure out the opportunity costs for every nation:
Ari:
In Ari, it takes 3 pounds of coffee to make 1 pound of bagels.Three pounds of coffee are wasted when making one pound of bagels.As a result, creating 1 pound of coffee in Ari costs the same as making 1/3 pound of bagels.Zona:
In Zona, it takes 5 pounds of coffee to make 1 pound of bagels.Producing 1 pound of bagels costs as much as 5 pounds of coffee in lost opportunities.As a result, 1 pound of coffee in Zona requires the opportunity cost of 1/5 pound of bagels.Based on a comparison of the opportunity costs, we may say that:
When compared to Zona, Ari produces coffee at a lower opportunity cost (1/3 pound of bagels) than she does (1/5 pound of bagels). This indicates that Ari has a competitive advantage in the coffee-making process.
In comparison to Ari, Zona has a lower opportunity cost of making bagels (1/5 pound of coffee) than Ari does (1/3 pound of coffee). Therefore, Zona has a competitive advantage when making bagels.
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Which form of returns to scale is depicted by the following graph?
Which form of returns to scale is depicted by the following graph?
Increasing returns to scale
Constant returns to scale
Decreasing returns to scale
The form of returns to scale depicted by the graph is increasing returns to scale.
What is increasing returns to scale?Increasing returns to scale manifest when a surge in all factors of production yields a disproportionately amplified surge in output. In essence, when all inputs are doubled, the resulting output more than doubles.
The graphical representation illustrates a scenario where the augmentation of input quantities leads to an escalating growth in output, characterized by an accelerating trajectory. This phenomenon arises from the heightened efficiency with which the additional inputs are utilized as the scale of production expands.
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Discuss the UK housing supply and demand situation and connect to the major ecomic concepts (using both micro and macroeconomic theories: elasticity, price elasticity of demand, price elasticity of supply, and the determinants of price elasticity of supply; macroeconomics government housing policy, four main economic goals and general government economic policy). 1000 words with proper citations.
The housing supply and demand situation in the United Kingdom has become a major economic issue, with both micro and macroeconomic factors impacting the housing market.
This paper discusses the current state of UK housing supply and demand and connects it to major economic concepts such as elasticity, price elasticity of demand, price elasticity of supply, determinants of price elasticity of supply, macroeconomics government housing policy,
four main economic goals, and general government economic policy. The UK has been experiencing a housing crisis for several years. There is a shortage of affordable housing for the growing population, resulting in increasing demand and house prices, which have become unaffordable for most people. There is also a problem with the supply of housing, as the construction of new homes has not kept pace with demand. This shortage of affordable housing has resulted in an increasing number of people renting homes rather than buying them. This trend has led to a decline in homeownership rates.
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TRUE/FALSE. other things held constant, an increase in the cost of capital discount rate will result in a decrease in a project's irr.
The statement "other things held constant, an increase in the cost of capital discount rate will result in a decrease in a project's irr" is TRUE.
The internal rate of return (IRR) is the discount rate at which the net present value (NPV) of a project becomes zero. In other words, it is the rate of return that makes the present value of cash inflows equal to the present value of cash outflows.
When the cost of capital discount rate increases, it means that the required rate of return for the project also increases. This higher discount rate makes it more difficult for the project's cash flows to meet or exceed the required rate of return. Consequently, the IRR of the project decreases.
To illustrate this, let's consider a hypothetical project with expected cash flows of $10,000 per year for five years. If the discount rate is 10%, the project's NPV might be positive, indicating a favorable investment opportunity. However, if the discount rate increases to 15%, the NPV may become negative, indicating that the project is no longer expected to generate returns higher than the required rate of return. Thus, the IRR of the project decreases as the discount rate increases.
In summary, an increase in the cost of capital discount rate leads to a decrease in a project's IRR, as it becomes more challenging for the project's cash flows to meet or surpass the higher required rate of return.
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Clean Air Inc. has $900,000 in earnings and excess cash of $600,000 and is trying to decide whether to pay out these funds to its shareholders in the form of dividends or reinvest it in the company. The company has 400,000 shares outstanding and a P/E ratio of 15. If the funds are paid out in the form of dividends, it is projected that the P/E ratio will increase by 30% as the majority of its shareholders are on a fixed income and prefer to receive dividend payments in order to supplement their income. As an alternative the funds could be retained and reinvested at 14% in which case the P/E ratio would remain unchanged
The company, Clean Air Inc. should reinvest the earnings as opposed to paying them out to shareholders in the form of dividends.
The P/E ratio is a financial metric that shows the current market value of a company's stock relevant to its earnings. It is computed by dividing the market price per share by the company's earnings per share (EPS). It is often used by investors to assess the relative worth of different stocks.
The P/E ratio is 15 if the company decides to pay out the earnings to its shareholders in the form of dividends. If Clean Air Inc. decides to pay dividends to its shareholders, the P/E ratio will increase by 30%. Therefore, the new P/E ratio would be:15 × 1.3 = 19.5
However, the earnings can be retained by Clean Air Inc. and reinvested at 14%, which will result in a return on investment of 0.14 * 900,000 = $126,000.
This option will not result in a change in the P/E ratio since the earnings are reinvested, and the company's earnings per share will remain unchanged. It will increase the stock price in the long run and create value for shareholders. Thus, it is more preferable to reinvest the earnings, considering that the company will have the opportunity to use the funds to create more value for shareholders.
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This might be a 'silent' stakeholder, but it must be protected and enhanced Select one: a. Hotel industry b. Environment c. Board d. Attractions sector
Environment might be a 'silent' stakeholder, but it must be protected and enhanced (option b).
1. Start by analyzing the options provided: Hotel industry, Environment, Board, and Attractions sector.
2. Consider each option's relevance to being a 'silent' stakeholder and the potential need for protection and enhancement.
3. The hotel industry (option a) may have stakeholders, but they are typically more vocal and actively involved in decision-making processes.
4. The attractions sector (option d) may have stakeholders such as local communities or tourism organizations, but they are usually acknowledged and engaged with.
5. The board (option c) generally consists of individuals with decision-making power rather than being a stakeholder themselves.
6. The environment (option b) is a crucial 'silent' stakeholder as it does not have a voice but can be significantly impacted by human activities.
7. The environment plays a vital role in sustaining life and ecosystems and requires protection and enhancement for future generations.
8. Human activities such as pollution, deforestation, and climate change can harm the environment and its stakeholders, including wildlife and future generations.
9. Therefore, it is essential to prioritize the protection and enhancement of the environment as a 'silent' stakeholder.
10. Measures like sustainable development, conservation efforts, and reducing carbon emissions can help safeguard the environment and its long-term viability.
11. By actively considering the environment as a stakeholder, we can make informed decisions that balance economic development with environmental sustainability. Thus, the correct option is b.
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TRUE/FALSE. when ownership of land passes from the government into private ownership, it is presumed that the private ownership will last in perpetuity and will not revert back to the government
The given statement is False. When ownership of land passes from the government into private ownership, it is not automatically presumed to last in perpetuity and never revert back to the government.
Depending on the jurisdiction, several constraints and limitations may be included in the legal structure and rules governing property ownership. Many times, there are constraints on private land ownership, such as zoning laws, easements, or environmental rules. Additionally, governments may be able to invoke eminent domain, which gives them the ability to buy privately owned land for public use, frequently in exchange for fair compensation.
Private ownership does generally give people some rights and protections, but it does not ensure absolute and perpetual ownership without the risk of return to the government in certain situations.
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What are the pros and cons of starting a company in today's market?
You must incorporate terminology and concepts that focus on microeconomics and you are required to cite the books and no less that four outside references.and develop a 5-7 page paper in Times New Roman 12 pt font, double-spaced, and using APA formatting that address the following question:
This is a broad question and will give you the opportunity to research and write about the concepts and topics that are most relevant to you and your work. For example, how might you access or look at supply and demand as a way to review the barriers to entry when starting a new company?
Starting a company in today's market is a risky endeavor, but it can also be very rewarding. As with any new business, there are both pros and cons to consider. Some of the advantages of starting a company include the ability to be your own boss, the potential for high profits, and the ability to create a product or service that you are passionate about. Additionally, starting a company can help stimulate the economy by creating new jobs and driving innovation.
However, there are also several challenges associated with starting a company. One of the biggest hurdles is the cost of starting up, including things like rent, equipment, and salaries for employees. Another challenge is the competition, as there are often many similar businesses already established in the market.
To better understand the pros and cons of starting a company, it is important to examine the concepts of microeconomics. One key concept is the law of supply and demand, which states that the price of a product or service is determined by the interaction between the quantity of supply and the quantity of demand in the market. Another important concept is the barrier to entry, which refers to the obstacles that prevent new firms from entering a particular market.
In conclusion, starting a company in today's market can be both challenging and rewarding. By carefully considering the pros and cons, as well as examining key microeconomic concepts like supply and demand and barriers to entry, entrepreneurs can increase their chances of success. By taking a thoughtful and strategic approach, it is possible to create a thriving business that contributes to the economy and makes a positive impact in the world. Some of the references that can be used to write this paper are:
- David Ricardo, “On the Principles of Political Economy and Taxation”
- Adam Smith, “An Inquiry into the Nature and Causes of the Wealth of Nations”
- James Tobin, “The Theory of Investment Behavior”
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When investors tend to increase their investments in debt securities into those on the long end of the spectrum rather than those with short-term maturities, it generally leads to
A) long-term yields that greatly exceed short-term yields.
B) a positive yield curve.
C) an inverted yield curve.
D)a flat yield curve.
When investors tend to increase their investments in debt securities into those on the long end of the spectrum rather than those with short-term maturities, it generally leads to a positive yield curve. The correct option is B.
A positive yield curve results from investors placing more of their money into debt securities with long maturities than short maturities. In a scenario with a positive yield curve, long-term yields are greater than short-term rates.
This is a reflection of the market's expectation that interest rates will rise in the future and serves as compensation for the higher risk involved with longer-term investments.
Thus, the ideal selection is option B.
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Discuss and rank the top three changes in the product realization process due to outsourcing. Select an industry (communications, industrial, and regulated such as medical/military and consumer) or discuss in general. Please give the reasons for your selections and ranking of the changes in the realization process
Industry: Communications.Top three changes in the product realization process due to outsourcing:
1. Increased Flexibility: Outsourcing in the communications industry allows companies to leverage the expertise and resources of specialized service providers. This leads to increased flexibility in product realization. Companies can adapt to changing market demands and customer needs more effectively by outsourcing various stages of the process, such as design, manufacturing, or distribution. Outsourcing enables scalability and quick response times, allowing companies to bring products to market faster and efficiently allocate resources. This flexibility is crucial in an industry that experiences rapid technological advancements and evolving customer preferences.
2. Cost Reduction: Outsourcing certain aspects of the product realization process in the communications industry can result in significant cost savings. By leveraging the economies of scale and specialized expertise of outsourcing partners, companies can reduce costs associated with research and development, manufacturing, or logistics. Outsourcing eliminates the need for substantial investments in infrastructure, equipment, and skilled labor, allowing companies to allocate their financial resources strategically. Cost reduction through outsourcing can enhance the competitiveness of communications companies, enabling them to invest in innovation, marketing, or expanding their product offerings.
3. Access to Global Talent and Markets: Outsourcing in the communications industry provides companies with access to a global talent pool and new markets. By collaborating with outsourcing partners, companies can tap into the expertise of skilled professionals from around the world, facilitating innovation and product development. Outsourcing also enables companies to enter new markets more efficiently by leveraging the local knowledge and networks of their partners. This access to global talent and markets expands business opportunities, accelerates growth, and enhances competitiveness in an industry that is increasingly interconnected and driven by international demand.
Ranking of Changes:
1. Increased Flexibility: Flexibility is ranked as the top change because it allows companies to adapt quickly to market dynamics, customer demands, and technological advancements, enabling them to stay competitive and meet changing industry requirements.
2. Cost Reduction: Cost reduction is ranked second as it provides companies with financial advantages, allowing them to optimize resource allocation, invest in strategic areas, and achieve operational efficiency, ultimately improving profitability.
3. Access to Global Talent and Markets: While access to global talent and markets is essential, it is ranked third as it complements the other changes by enabling innovation and growth opportunities. It enhances a company's ability to compete globally but is dependent on effective utilization of outsourcing partnerships and a comprehensive market expansion strategy.
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1. Singer and McMann are partners in a business. Singer's original capital was $41,800 and McMann's was $50,900. They agree to salaries of $10,200 and $19,200 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share the remaining profits and losses in a 3:2 ratio, what will Singer's share of the income be if the income for the year is $69,500?
a.$41,700
b.$32,878
c.$14,380
d.$10,200
Singer's share of the income will be $33,072. So, the correct option is b.
To calculate Singer's share of the income, we need to determine the distribution of profits and losses based on the agreed ratio and deduct Singer's salary and interest on capital from his share.
First, let's calculate the total salaries and interest on capital for Singer:
Salary for Singer = $10,200
Interest on Singer's capital = 10% of $41,800 = $4,180
Total deductions for Singer = Salary + Interest on capital = $10,200 + $4,180 = $14,380
Next, let's calculate the total share of profits and losses based on the agreed ratio:
Total share = 3 + 2 = 5
Singer's share ratio = 3/5
Now, let's calculate Singer's share of the income:
Income for the year = $69,500
Singer's share of the income = (Singer's share ratio) * (Income - Total deductions for Singer)
= (3/5) * ($69,500 - $14,380)
= (3/5) * ($55,120)
= $33,072
Therefore, Singer's share of the income will be $33,072 (option b).
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8%$10 par preferred stock, 10,000 authorized and issued $5 par common stock, 10,000 shares authorized, 4,000 shares issued $100,000 Paid-in-capital in excess of par: Common stock $8,000,000 Given the above partial stockholder's equity section, what was the price received per share of common stock assuming it was sold in a single purchase? Multiple Choice $2 Multiple Choice $2 $7 $15 $5
The total amount of common stock paid in capital in excess of par is $8,000,000.
The number of common stock shares is 4,000.
we can calculate the price received per share of common stock assuming it was sold in a single purchase using this formula:
Price per share = Total amount of paid-in capital / Number of common stock shares
Price per share = $8,000,000 / 4,000Price per share = $2
the price received per share of common stock assuming it was sold in a single purchase is $2.
The correct option is Multiple Choice $2.
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. If a "small" country (i.e., one that has no influence over the world price of the good it imports) removes an import tariff of $t per unit imported on good X (that it indeed imports), then in the market for good X domestic buyers will be worse off. there will be a net loss to the country. domestic consumers will gain more than the government and domestic producers (combined) will lose. the price domestic buyers pay for imports will only go down by part of the tariff. domestic producers will be better off.
Removing import duty on good X benefits domestic consumers with lower prices but may result in losses for domestic producers and the government.
Domestic consumers who are in the market for good X will probably fare better if a "small" country reduces an import duty on good X. Domestic consumers would pay less for imports as a result of the abolition of the tariff, giving them access to the good at a reduced price. However, local producers might run into difficulties since they might have to compete with less expensive imports, which could result in losses for them. While domestic consumers benefit from lower costs overall, the nation may suffer a net loss as a result of the losses suffered by domestic producers and the government.
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Problem 1. (Arbitrage, 9') Two parties enter a stock forward at time t=0 that expires at t=T. The underlying stock pays a stream of dividends at a known and constant dividend yield 8. The risk-free rate is a known constant r. Use continuous compounding.
(a) Suppose I want to have one share of the stock at time T by buying some stocks at time O and hold them. How many shares of the stock shall I buy at t=0? (Assume I am allowed to trade a fraction of a share.) (3')
(b) The no-arbitrage forward price is
Fo,r=Soe(r-s)t
Show the arbitrage tables (cash flow tables for the arbitrage strategies) when the forward is overpriced or underpriced, respectively. (6')
(a) If the stock pays a known and constant dividend yield 8, then to have one share of the stock at time T by buying some stocks at time O and hold them, the buyer would require fewer stocks than he would require without the dividend.
For a forward contract, the forward price isF0,
T=Soe(r−8) T Since,
t = 0 is the forward price,
T=Soe(r−8)T Therefore, the number of shares the buyer needs to buy at time
t = 0 is given by the equation 1:
1 = Soe(r−8)TSo,
= e(8−r)T
(b) Suppose that a forward contract has a forward price that is lower than the no-arbitrage forward price. This indicates that the forward contract is underpriced. There is an arbitrage opportunity in this case. To benefit from the underpriced forward contract, we need to follow the below steps,• Initially, borrow money worth the amount of the forward contract• Use this money to purchase the underlying stock• Go short on a forward Use the proceeds of the stock sale to pay off any outstanding loan• Go long on a forward contract• Finally, receive the delivery of the underlying asset when the contract expires.
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in a system of fractional reserve banking, if all money is held in the form of deposits, the simplest expression of the value of the money multiplier is
In a system of fractional reserve banking, if all money is held in the form of deposits, the simplest expression of the value of the money multiplier is as follows.
Money Multiplier = 1/Reserve RatioFirstly, a fractional reserve system is a banking system in which commercial banks are required to hold a fraction of their deposits as reserves. The fraction of total deposits that a bank is legally required to hold is referred to as the reserve requirement.
In such a scenario, the bank can lend the remaining portion of its deposit base to borrowers as loans. Thus, the reserve ratio, which is the fraction of total deposits that banks are required to hold, is the inverse of the money multiplier. It represents the proportion of total deposits that a bank cannot loan out.
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How is a space between keywords interpreted by Checkpoint, CCH AnswerConnect, Westlaw, and Nexis Uni?
1.What are KeySearch and the West Key Number System?
2.What are the major analytical materials offered through Lexis Advance Tax?
3.Using an example in Lexis Advance Tax, describe the steps a researcher might take after using a broad keyword search to narrow the search down.
4.What is Lexis’s Get a Document feature similar to in the other tax services?
Overall, a space between keywords is interpreted as an operator by Checkpoint, CCH AnswerConnect, Westlaw, and Nexis Uni. The operator usually indicates an AND search, meaning that the results will include documents that contain both of the keywords.
1. The KeySearch is a component of Westlaw that is used for searching key numbers. The West Key Number System is a database of legal topics and subtopics that are linked to individual cases on Westlaw.
2. Lexis Advance Tax provides major analytical materials such as Federal Tax Coordinator 2nd, Taxation of Business Enterprises, U.S. Tax Treaties, and many more.
3. After a broad keyword search in Lexis Advance Tax, a researcher may narrow the search by applying different filters such as jurisdiction, document type, and more.
4. Lexis's Get a Document feature is similar to Westlaw's Find and Print feature, CCH AnswerConnect's Document Retrieval feature, and Checkpoint's Document Retrieval feature.
However, it is important to note that different platforms may interpret the space differently and that using different search strategies may yield different results.
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Which of the following is an example of a sunk cost Initial Investment Costs Flights to visit potential project sites Salvage Value New Equipment Depreciation
Flights to visit potential project sites is an example of a sunk cost. Sunk costs are costs that have already been incurred and cannot be recovered. Once the flights have been taken and the expenses have been paid, the cost of the flights becomes a sunk cost because it cannot be reversed or refunded.
Regardless of the outcome of the project, the money spent on the flights is irretrievable.
Sunk costs refer to costs that have already been expended and cannot be recovered. In the case of flights to visit potential project sites, once the flights have been taken and the expenses have been incurred, the cost becomes a sunk cost. This means that regardless of the outcome of the project or whether it proceeds further, the money spent on the flights cannot be reversed or refunded. It is a historical cost that has no bearing on future decision-making since it is irretrievable. Sunk costs should generally be disregarded when making rational business decisions.
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Cullumber Company issues $3,000,000,10-year, 7% bonds at 98 , with interest payable each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Assuming instead that the above bonds sold for 105 , prepare the journal entry to record the sale of these bonds on January 1 , 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
The entry indicates that the company has effectively issued the bonds at a premium, resulting in an increase in the proceeds from the bonds.
The journal entry to record the sale of bonds is the entry that accounts for the issuance of the bonds. Cullumber Company issues $3,000,000, 10-year, 7% bonds at 98, with interest payable each January 1.Journal entry to record the sale of bonds on January 1, 2022:
Particulars Debit Credit Cash 2,940,000 Discount on bonds payable 60,000 Bonds payable 3,000,000 (To record the issuance of 7% bonds payable at a discount) The total amount of cash to be received from the sale of bonds is $2,940,000. The Discount on bonds payable account is debited for $60,000 ($3,000,000 - $2,940,000), representing the discount. The Bonds payable account is credited for $3,000,000, representing the total face value of the bonds.
The entry indicates that the company has effectively issued the bonds at a discount, resulting in a reduction in the proceeds from the bonds.
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Find the present value of an ordinary annuity which has payments of $2000 per year for 16 years at 5%compounded annually.The present value is $
The present value of the ordinary annuity is $22,777.68.
To find the present value of an ordinary annuity, we use the formula PV = PMT × [(1 - (1 + r)^(-n)) / r]. In this case, the payment per period (PMT) is $2000, the interest rate per period (r) is 5% (or 0.05 as a decimal), and the number of periods (n) is 16 years. By substituting these values into the formula and performing the calculations, we determine that the present value of the annuity is $22,777.68. This represents the equivalent lump sum amount that, if invested at a 5% interest rate compounded annually for 16 years, would yield the same total as the annuity payments.
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You are interested in short selling 100 shares of Look Nice Company. The initial margin is 60% and the maintenance margin is 30%. You sell the shares at $xx per share ( xx is the last two digits of your student ID number, if the last two digits are 00 , use 100 ). i) How much money do you have to add to your account and how much money is in your account in total? ii) At what price will you get a margin call? iii) If the price of the stock immediately increased by 20%, and you bought it back at that price, what would be the rate of return on your investment (assume no fees or interest costs)? Notes: - Include the following information in your answer - The initial price of the stock - The amount of money you add to your account - The total amount in your account at the start - The amount you lose - The rate of return of your investment - Show all workings 7
Initial margin = 60%, Maintenance margin = 30%Number of shares sold = 100Short selling means borrowing shares from a broker and selling them with the hope that the price will decline, the borrowed shares will be returned to the broker and the profit made.
How much money do you have to add to your account and how much money is in your account in total?ii) At what price will you get a margin call?iii) If the price of the stock immediately increased by 20%, and you bought it back at that price, what would be the rate of return on your investment (assume no fees or interest costs)?
Calculation Initial price of stock = $33.648420$20
The amount of money received from the sell = 100 × $20 = $2000
Let's determine the amount of money required to be in the account. How much money do you have to add to your account and how much money is in your account in total?The initial margin is 60%:Hence, the margin deposit required is
$1200 ($2000 × 0.6)
If the price of the stock immediately increased by 20%, and you bought it back at that price, what would be the rate of return on your investment (assume no fees or interest costs)?If the price of the stock immediately rose by 20%, it would increase from
$33.648420 per share to
$40.378104 per share
($33.648420 + 0.2($33.648420)
The amount you would lose
= $4037.81 − $2000 = $2037.8
And the rate of return of your investment will be: Rate of return = (Money received − Money invested) / Money invested
= ($2000 - $2037.81) / $2037.81 = -0.0186 = -1.86%.
Your rate of return on your investment is -1.86%.
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The break-even point is defined as:
Select one:
a.
The level of output where profits equal fixed costs.
b.
The level of output where owner's equity is zero.
c.
The level of output where the fixed costs are covered by sales revenue
d.
The level of output where there is neither a profit nor a loss.
e.
The level of output where cash flow is zero.
Clear my choice
The break-even point is defined as the level of output where the fixed costs are covered by sales revenue.
At this point, the total cost is equal to the total revenue, resulting in neither a profit nor a loss. In other words, the break-even point is the level of sales at which a business can earn no profits or incur no losse
The break-even point is the point at which a company generates just enough revenue to cover its total costs. At this point, the total cost equals the total revenue, and there is neither a profit nor a loss.The following are some of the benefits of break-even analysis:Identifying fixed and variable costs: It allows a company to figure out which costs are fixed and which are variable.
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2. First, describe what a budget deficit is in terms of the relationship between G and T. In the debate over government budget deficits the angument against deficits is the one called "crowding out," In your own words explain "crowding out" and be sure to explain how the economic data either support or. contradict the argument.
Budget deficit is defined as the excess of spending or expenditure over revenue or income. The government budget deficit is defined as the amount by which the government's expenditure exceeds its revenue or income.
The term 'crowding out' refers to the phenomenon of private investment being replaced by public investment when the government borrows funds to finance its budget deficit. When the government borrows funds from the private sector, it is effectively competing with private borrowers for available funds.
The increased competition for funds leads to a rise in interest rates and this rise in interest rates may discourage private investment by making it more expensive to borrow money.The argument against government budget deficits is that they lead to higher interest rates and lower levels of private investment. This argument is known as the 'crowding out' argument.
In other cases, an increase in government borrowing has led to a decrease in interest rates but no increase in private investment. In still other cases, an increase in government borrowing has led to an increase in interest rates and a decrease in private investment.
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Saturn Tech has a convertible bond outstanding, trading in the marketplace at 5835 . The par value is $1,000, the coupon rate is 7 percent, and the bond matures in 25 years. The convereion price is 52 , and the company's comman stock is selling for 51 per share. Interest is paid annually. Assume interest rates in the market (yeld ta maturity) are 7 percent. a. What is the conversion value? $ Round your ariswer to the nearest cent b. What is the pure bond component of this convertible bond? s Round your answer to the nearest cent Warrants. Delta Ltd. has warrants outstanding, which are selling at a $12 premium above intrinsic (or minimum) volue. Each warrant allows its owner to purchase 1 shares of common stock at $38. If the common stock currantly selis for s25. What is the warrant price? Round your answer to the nearest dollur Portfolio of two anssets (inverse). An investment portfolio has 36% invested in stock A and 64% invested in stock B. The standard deviotions of A end 8 are 14% and 18%, respectively, and the portfolio's standard deviation is 12%, What is the correiation coefficient between the two stocks? Round yoed answer to two decimats
a. Calculation of the conversion value of the bond is as follows:Conversion value = conversion ratio * market price per shareConversion ratio is given as the ratio of the par value to the conversion price. So,Conversion ratio = par value / conversion price = $1000 / $52 = 19.23
Market price per share is given as $51.So, Conversion value = 19.23 * $51 = $981.73 (approximately)Therefore, the conversion value is $981.73 (rounded to the nearest cent).b. Calculation of the pure bond component of the bond is as follows:First, calculate the annual interest payment as Coupon rate * Par value = 7% * $1000 = $70.Now, calculate the present value of the bond using the given interest rate, maturity period, and interest payment
Present value = (Annual interest payment / YTM) * [1 - 1 / (1 + YTM)^(number of years to maturity)] + Par value / (1 + YTM)^(number of years to maturity)where YTM is the yield to maturity.
Given portfolio standard deviation: Portfolio standard deviation = 12% = 0.12
Let's assume the correlation coefficient between stocks A and B is denoted by 'r'.The equation to be solved is: r = (0.36 * 0.14)^2 + (0.64 * 0.18)^2 + 2 * 0.36 * 0.64 * r
where we substitute the given values:
r = (0.02016 + 0.066048 + 0.0813072 - 0.018432r) / 0.078336r * 0.078336
= 0.1694812
r = 0.1694812 / 0.078336
= 2.16 (rounded to two decimal places)
Therefore, the correlation coefficient between the two stocks is 2.16 (rounded to two decimal places).
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For the production function q(K,L)=min{K,2L}, given the prices for K and L, which of the following statements is true? [1 point] (a) Marginal Cost Function is equal to the Average Cost Function (b) Marginal Cost Function is smaller than the Average Cost Function (c) Marginal Cost Function is greater than the Average Cost Function (d) Marginal Cost Function is twice as large as the Average Cost Function (e) None of the above
The production function given is q(K,L) = min(K,2L) and we are to identify the statement that is true given the prices for K and L. Let's solve this using calculus.The cost function can be defined as C(K,L) = w1K + w2Lwhere w1 and w2 are the prices of the two inputs
So, we have
q(K,L) = min(K,2L)
= C(K,L) = w1K + w2
Land let K be the variable, then K = min(K,2L)/w1 - w2/w1 * L
The short run cost function can be obtained by substituting K in the cost function.
C(L) = w1*min(K,2L)/w1 + w2L
= min(w1K,w1*2L) + w2L
When w1K is the smaller value, the first-order condition is w1 = 0.
When w1*2L is the smaller value, the first-order condition is
w1 = w2/2L
∴ L = w2/4w1
The cost function, in this case, is
C(L) = w1 * min(0, 2L) + w2 * L
= w2L
We cannot obtain the marginal cost function at the point where K changes from L to 2L when L is fixed. However, we can obtain the marginal cost for L = 0 and L > 0.Let's calculate the marginal cost function.
Marginal cost function for L = 0
∴ K = 0 = 0
Marginal cost function for L > 0 ∴ K = 2L = 2L
The cost function C(L) = w2L is linear, and it passes through the origin, so the average cost will be equal to the marginal cost.
Option (a) is the correct answer. have proved that option (a) is correct.
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