The projected sales in Year 1: $890.40 million and Projected sales in Year 2: $944.86 million, the projected amounts of net operating profit after taxes (NOPAT) for Years 1 and 2 are NOPAT for Year 1: $53.424 million and NOPAT for Year 2: $56.692 million.
a. Projected sales in Year 1: $890.40 million and Projected sales in Year 2: $944.86 million
Year 1: Sales in Year 0 × (1 + growth rate)
Sales in Year 1 = $780 million × (1 + 14%)
= $890.40 million
Year 2: Sales in Year 1 × (1 + growth rate)
Sales in Year 2 = $890.40 million × (1 + 6%)
= $944.86 million
b. Projected amounts of net operating profit after taxes (NOPAT) for Years 1 and 2NOPAT for Year 1: $53.424 million and NOPAT for Year 2: $56.692 million
[tex]Year 1: NOPAT = OP × (Sales – Operating costs)[/tex]
NOPAT = 6% × ($890.40 million – ($780 million × 0.6))
= $53.424 million
Year 2: NOPAT = OP × (Sales – Operating costs)
NOPAT = 6% × ($944.86 million – ($890.40 million × 0.6))
= $56.692 million
c. Projected amounts of total net operating capital (OpCap) for Years 1 and 2OpCap for Year 1: $468.00 million and OpCap for Year 2: $534.34 million
Year 1: OpCap = Sales / Capital requirement
OpCap = $890.40 million / 60%
= $468.00 million
Year 2: OpCap = Sales / Capital requirement
OpCap = $944.86 million / 60%
= $534.34 million
The projected amounts of total net operating capital (OpCap) for Years 1 and 2 are OpCap for Year 1: $468.00 million and OpCap for Year 2: $534.34 million and the projected FCF for Year 2 is $15.851 million.
To know more about the projected sales, visit:
https://brainly.com/question/30793595
#SPJ11
Suppose you have been asked by a manager to do some extra work. You would like to help, but already have a full work load. To avoid any problems, you should 1__ the manager 2_ You should communicate_3__ and_4_ (Answer 1) Speak to Wrift to Email
When you are asked by a manager to do some extra work and you already have a full work load, to avoid any problems, you should 1. talk to the manager, 2. communicate your concerns, 3. explain your current workload, and 4. try to come up with a solution that works for both parties.
In the first step, you should speak to the manager. You can either meet the manager in person, or talk to them over the phone. You should explain that you would like to help, but you are concerned about your current workload. In the second step, you should communicate your concerns. You should explain that you are worried about not being able to complete the extra work on time because you already have a full workload. You should also explain that you don't want to let the manager down, but you need to be realistic about what you can accomplish.
In the third step, you should explain your current workload. You should provide details about the work that you are currently doing, and how long you expect it to take you to complete. This will give the manager a better understanding of what you are dealing with. In the final step, you should try to come up with a solution that works for both parties. This might involve delegating some of your current work to someone else, or it might involve extending the deadline for the extra work. You should work with the manager to find a solution that works for both of you.
In conclusion, when you are asked to do extra work, but you already have a full workload, you should talk to the manager, communicate your concerns, explain your current workload, and try to come up with a solution that works for both parties. You should be honest and realistic about what you can accomplish, and you should work with the manager to find a solution that works for everyone involved.
To know more about workload visit :-
https://brainly.com/question/28880047
#SPJ11
Explain how the ratings process for municipalities interested in securing financing and co-financing for own or co-developed renewable energy power plants with independent producers or small and embedded power producers would work, and evaluate the risks and viability of this industry structure where municipalities replace Electricity company in the developer and power purchase agreements?
The ratings process evaluates municipalities' creditworthiness and capabilities. Replacing electricity providers in agreements offers benefits but also carries risks. Proper risk assessment and strong contracts are crucial for viability.
The creditworthiness and capabilities of towns seeking finance and co-funding for renewable energy power plants are assessed as part of the ratings process. Municipalities would need to go through a thorough evaluation, taking into account things like their financial situation, ability to take on debt, governance procedures, and project management experience.
In developer and power purchase agreements, switching out electricity providers can have benefits like local control and potential cost savings. It also brings risks, though. Municipalities may lack knowledge of energy markets and project development, which could result in operational difficulties, cost overruns, and delays. Furthermore, taking on debt could put a strain on municipal finances and subject them to market swings. For this industry to remain viable, proper risk analysis, capacity building, and strong contractual agreements are essential.
Learn more about risk assessment here:
https://brainly.com/question/31632025
#SPJ11
British government 5% perpetuities pay £5 interest each year forever. Another bond, 3.5% perpetuities, pays £3.5 a year forever.
a. What is the value of 5% perpetuities if the long-term interest rate is 9.5% ? (Round your answer to 2 decimal places.)
Perpetuity value
b. What is the value of 3.5% perpetuities? (Round your answer to 2 decimal places.)
Perpetuity value
a. Value of 5% perpetuity First, we find the perpetuity value using the formula PV
= PMT/i where PV is the present value, PMT is the payment, and i is the discount rate.
i = 9.5%PMT
= £5Using PV
= PMT/i, the value of 5% perpetuity is:PV
= PMT/i
= £5/0.095
= £52.63b. Value of 3.5% perpetuity Using the same formula, PV
= PMT/i, the value of 3.5% perpetuity is:PMT
= £3.5i = 9.5%PV
= PMT/i
= £3.5/0.095
= £36.84Therefore, the value of 5% perpetuities if the long-term interest rate is 9.5% is £52.63 and the value of 3.5% perpetuities is £36.84.
To know more about perpetuity visit:
https://brainly.com/question/32953399
#SPJ11
Blue Mountain Distributors has a $40 million bond outstanding that carries a 12 percent coupon rate paid annually. Current bonds yield are 9.5 percent. The $40 million bond was issued 20 years ago with 30 years to maturity and carries a call premium of 5%. With the fall in interest rates the company's Finance Manager has recommended that the bond be refunded. The new bond issue would require $1.2 million in underwriting cost and an overlap period of one month is anticipated. Short term money market rates are currently 7 percent and Blue Mountain has a tax rate of 40 percent. Required: Advise Blue Mountain Distributors on whether or not they should refund the bond. (Show all calculations)
Given:Blue Mountain Distributors has a $40 million bond outstanding that carries a 12 percent coupon rate paid annually. Current bonds yield are 9.5 percent.
The $40 million bond was issued 20 years ago with 30 years to maturity and carries a call premium of 5%.The new bond issue would require $1.2 million in underwriting cost and an overlap period of one month is anticipated.Short term money market rates are currently 7 percent and Blue Mountain has a tax rate of 40 percent.To find:Should Blue Mountain Distributors refund the bond?Solution:The call price is the present value of $1000 paid annually for 30 years and discounted at 12% plus 5% premium for a bond callable at $1050.Call price = PV of annuity + premium= $1000 × [1 - 1/(1.12)30] / 0.12 + $1050 × (1 / 1.12)30= $9379.36 + $118.46= $9497.82
The company would receive $9497.82 for every $1000 bond if they decide to call the bond.The current value of the bond is the present value of $120 coupon payment plus the present value of the call price discounted at the yield to maturity.Yield to maturity (YTM) of old bond = 12%Current yield of bonds = 9.5%Therefore, the bond price should be higher than its par value, so it is selling at a premium.
To know more about bonds visit:
https://brainly.com/question/29282058
#SPJ11
"Your Memorialist . . . represents to your honorable body, that he has devoted much time and attention to the subject of a railroad from Lake Michigan through the Rocky Mountains to the Pacific Ocean, and that he finds such a route practicable, the results from which would be incalculable—far beyond the imagination of man to estimate. . . . "It would enable us, in the short space of eight days (and perhaps less) to concentrate all the forces of our vast country at any point from Maine to Oregon. . . . Such easy and rapid communication with such facilities for exchanging the different products of the different parts would bring all our immensely wide spread population together. . . . "[W]ith a railroad to the Pacific, and thence to China by steamers, can be performed in thirty days, being now a distance of nearly seventeen thousand miles. . . Then the drills and sheetings of Connecticut, Rhode Island, and Massachusetts, and other manufactures of the United States, may be transported to China in thirty days; and the teas and rich silks of China, in exchange, come back to New Orleans, to Charleston, to Washington, to Baltimore, to Philadelphia, New York, and to Boston, in thirty days more." Sentiments of business leaders and politicians like that expressed in the excerpt most likely contributed to which of the following?
The excerpt best reflects the popular support for the idea of Manifest Destiny. Hence option A is correct.
Manifest Destiny was the belief in the 19th century that it was the destiny of the United States to expand across the continent from the Atlantic Ocean to the Pacific Ocean. It was a driving force behind the westward expansion of the United States.
The excerpt demonstrates the enthusiasm and optimism associated with Manifest Destiny, as it describes the potential benefits of a transcontinental railroad connecting the Atlantic and Pacific Oceans. It emphasizes the idea of bringing together the vast population of the United States and facilitating trade with China, highlighting the economic and strategic advantages of expanding to the Pacific coast.
Learn more about Manifest Destiny here
https://brainly.com/question/11669373
#SPJ4
The complete question is as follow:
“Your Memorialist . . . represents to your honorable body, that he has devoted much time and attention to the subject of a railroad from Lake Michigan through the Rocky Mountains to the Pacific Ocean, and that he finds such a route practicable, the results from which would be incalculable—far beyond the imagination of man to estimate. . . .
“It would enable us, in the short space of eight days (and perhaps less) to concentrate all the forces of our vast country at any point from Maine to Oregon. . . . Such easy and rapid communication with such facilities for exchanging the different products of the different parts would bring all our immensely wide spread population together. . . .
“[W]ith a railroad to the Pacific, and thence to China by steamers, can be performed in thirty days, being now a distance of nearly seventeen thousand miles. . . Then the drills and sheetings of Connecticut, Rhode Island, and Massachusetts, and other manufactures of the United States, may be transported to China in thirty days; and the teas and rich silks of China, in exchange, come back to New Orleans, to Charleston, to Washington, to Baltimore,
to Philadelphia, New York, and to Boston, in thirty days more.”
Asa Whitney, merchant, “National Railroad, Connecting the Atlantic and Pacific Ocean,” memorial to the Senate and House of Representatives of the United States, 1845
The excerpt best reflects which of the following developments?
Popular support for the idea of Manifest Destiny
The emergence of nativist political parties
The collapse of the Second Party System
The increase in sectional tensions before the Civil War.
1. Classify each of the following annuities by the date of payment and conversion period: a. Regular contributions of $200 are made at the end of each month for five years into a savings account caming interest at 4% compounded quarterly. b. You start to save for a major purchase. You can invest $329 every three months starting today for 5 years and 9 months. You are able to eam 5.87% compounded semi-annually. c. Monthly payments of $100.00 made at the end of each month for ten years earning interest at 12% p.a. compounded monthly. d. Steve deposited $600.00 in a trust account on the day of his son's birth and every three months thereafter in order to plan and pay for his son's higher education. If interest paid is 7.2% compounded quarterly. e. A dealer sold a car to Kristy for $2000 down and monthly payments of $259.50 for 3.5 years, including interest at 7.5% compounded annually. f. Sofia plans to save for next two years. She plans toput away $1000 every 6 months starting 6 months from now and her savings accounts carns at a rate of 8% compounded semiannually. g. A lease requires payments of $1200.00 at the beginning of every quarter for ten years, If interest is 6% compounded monthly. h. A vacation property was bought by making semi-annual payments of $7500.00 for seven years. If the first payment is due on the date of purchase and interest is 6% p.a. compounded quarterly. i. Payments of $500.00 are made at the beginning of each month for four years. The interest rate is 4.5% compounded monthly. j. The loan will have a term of 54 months and monthly payments of $385.13. The interest rate on the loan is 8.84% compounded quarterly.
a. Regular contributions of $200 are made at the end of each month for five years into a savings account caming interest at 4% compounded quarterly: These are regular payments of equal amounts. This is an ordinary annuity since the payments are made at the end of each period, and the conversion period is quarterly.
b. Monthly payments of $100.00 made at the end of each month for ten years earning interest at 12% p.a. compounded monthly: These are regular payments of equal amounts. This is an ordinary annuity since the payments are made at the end of each period, and the conversion period is monthly.
c.This is an annuity due since payments are made at the beginning of each period. The conversion period is quarterly. i. Payments of $500.00 are made at the beginning of each month for four years. The interest rate is 4.5% compounded monthly:These are regular payments of equal amounts. This is an annuity due since payments are made at the beginning of each period. The conversion period is monthly.
d. The loan will have a term of 54 months and monthly payments of $385.13. The interest rate on the loan is 8.84% compounded quarterly:These are regular payments of equal amounts. This is an annuity due since payments are made at the beginning of each period. The conversion period is quarterly.
To know more about conversion visit :
https://brainly.com/question/9414705
#SPJ11
A vendor wants to give you, the agent, a gift for services. What should you do?
Select one:
A. Accept it.
B. Not accept it.
C. Tell your broker.
D. Accept it, but disclose to the buyer.
The appropriate course of action when a vendor wants to give a gift for services as an agent depends on the specific policies and regulations in place. However, a generally recommended approach is: C. Tell your broker.
As an agent, it is important to adhere to ethical guidelines and potential conflicts of interest policies. By informing your broker about the vendor's intention to give you a gift, you allow them to provide guidance based on the specific rules and regulations of your brokerage firm or industry.
In some cases, accepting gifts as an agent may be strictly prohibited, while in others, there might be limitations or disclosure requirements. Your broker can provide you with the necessary information and guidance to ensure compliance with regulations and maintain transparency in your professional relationships.
Choosing option C and informing your broker demonstrates your commitment to following proper protocols and seeking guidance when faced with such situations.
To learn more about, policies, click here, https://brainly.com/question/30527789
#SPJ11
Discuss: The procedure of a large-scale agile transformation in the digital transformation progress context Please explain and have some proof or your thoughts References should be from valid books, journals, and well-reputed articles. There is no need for a table of content, executive summary, and introduction. Word Limit: Between 500 – 700 word.
Different answers from which is already posted.
Agile transformation in the digital transformation progress context includes a specific procedure that needs to be followed in order to achieve successful results. This procedure involves five key steps, which are described below:
Step 1: Establish a Vision and Strategy: Before beginning the transformation process, it is important to establish a clear vision and strategy for the organization. This vision should be communicated to all employees so that they understand the goals and objectives of the transformation.
Step 2: Create an Agile Framework: The next step involves creating an agile framework that will guide the transformation process. This framework should include roles and responsibilities, decision-making processes, communication plans, and other important aspects of the transformation.
Step 3: Train and Educate Employees: In order for the transformation to be successful, employees need to be trained and educated on agile methodologies. This includes providing training on new processes, tools, and techniques.
Step 4: Implement Agile Practices: Once employees are trained and educated, the organization can begin to implement agile practices. This involves applying agile methodologies to projects and processes, and continuously improving the processes over time.
tep 5: Measure and Improve: The final step is to measure and improve the agile transformation. This involves collecting data and analyzing it to determine whether the transformation is achieving its goals and objectives. If the transformation is not achieving its goals, changes can be made to improve the process.
The Agile transformation procedure involves many challenges that organizations may face during the implementation process. These challenges can be overcome by adopting certain strategies and tactics that can help organizations to achieve successful results. For example, organizations should communicate clearly with employees about the goals and objectives of the transformation, provide adequate training and support, and involve employees in the transformation process. In addition, organizations should be open to feedback and suggestions from employees and stakeholders, and continuously improve the agile transformation process over time.
Learn more about Agile transformation: https://brainly.com/question/32225716
#SPJ11
a. Compare and contrast the Principle Based Accounting Standards to Rules Based Accounting Standards (10 marks) b. Various Stakeholders who receive accounting information differ in their informational needs. Discuss Six of these, citing their areas of interest.
a. Compare and contrast the Principle Based Accounting Standards to Rules Based Accounting Standards.Accounting standards can be divided into two categories: principle-based accounting and rule-based accounting.
The standards that are set up to direct accounting professionals on how to properly report business transactions are known as accounting standards. They are either principle-based or rules-based in nature. The following are the differences between the two types of standards:Rules-Based Accounting Standards: In rule-based accounting, transactions are controlled by detailed rules. These rules are inflexible, which means that each transaction must be handled in accordance with these rules, which means that there is no room for judgement.
Employees are interested in knowing whether a company is making a profit and whether they will be able to keep their jobs.Customers: Customers are interested in knowing whether a company is profitable and whether the prices of goods and services are likely to rise.Suppliers: Suppliers are interested in knowing whether a company is able to pay its debts and whether there are any possible risks that could jeopardize the long-term relationship between the supplier and the organization.
To know more about Accounting visit :
https://brainly.com/question/5640110
#SPJ11
21 Dec The owner informed the accountant that he had taken sanitizer with a cost of R12 260.00 (excluding VAT) for his own use. 24 Dec Cash register till slips (16/12/2018 - 24/12/2018) for cash sales of: R44 464.00. Deposited 27 Dec 2018. 24 Dec The owner withdrew cash of R48 286.00 from the entity’s bank account to pay employee salaries. 6 FRK 121/122 Assignment Information 2022 29 Dec The owner instructed the accountant to calculate interest at 8% per annum on the balance owing by C Hemsworth which had been in arrears for 7 months at this date. 30 Dec An EFT of R6 000.00 was issued to the owner, for his personal cell phone account. 31 Dec A proof of payment via EFT was received for R600.00 from Martin Goodman Attorneys. Refer to letter received from the attorneys. 31 Dec Received an invoice from T Hardy for R4 020.00 in respect of office equipment purchased. The current residual value is estimated to be R1 020.00. 31 Dec Cash register till slips (27/12/2018 - 31/12/2018) for cash sales of: R64 108.00. Deposited 2 Jan 20X8. 31 Dec A direct deposit was received from Ragnarock Attorneys for R4 000.00 in respect of an amount that they collected for the account of L Loki. According to the accounting records, this amount had been written off as irrecoverable in a prior period. 31 Dec A EFT for R4 560.00 was issued for advertisements which appeared in local magazines during December 2018. 31 Dec Issued a credit sales invoice to R Downey for purchases of sanitizer R2 996.00. Invoice AB52 was subsequently received from H Cavill for the delivery costs of 10% (including VAT) on the value of the sanitizer sold to R Downey. 31 Dec Cash of R1 016.00 was withdrawn by the accountant from the entity’s bank account to re-instate the petty cash balance on hand to R1 600.00. 31 Dec Stan Lee, the owner has been discussing the sale of some office equipment with his close friend and they decided to finalise the deal before year-end. The equipment was initially purchased on 1 April 2015 for R16 000.00, and was sold to Tony Stark for R10 000.00 on 1 December 2018. No entry has been made for this transaction. Tony Stark is not registered as a VAT vendor, and agreed to pay the amount due before the end of June 2019. - All of the office equipment items on the asset register, except those purchased during the current year, were purchased and ready for use on 1 April 2015. - Office equipment is depreciated at 15% per annum in accordance with the reducing balance method. General Journal, Creditors ledger and Debtors Ledger ANSWER PLS.
General Journal, Creditors ledger, and Debtors Ledger are shown below.DateDetailsDebitCredit21 December 2018Consumables account - sanitizer purchased 14 119.00214 Inventory (Creditors) 14 119.0024 December 2018Bank account 48 286.00Owners drawings account 48 286.0024 December 2018Debtors account 44 464.00
Sales account 44 464.0029 December 2018Interest receivable account 800.00C Hemsworth account 800.0030 December 2018Owners drawings account 6 000.00Bank account 6 000.0031 December 2018Advertisement account 4 560.00Bank account 4 560.0031 December 2018Equipment account (including VAT) 4 020.00Input VAT account 560.00Creditors account (T Hardy) 4 580.0031 December 2018Sales account 2 996.00Debtors account (R Downey) 2 996.0031 December 2018Cost of sales account 299.60Input VAT account 26.40Consumables account 326.00(Invoice AB52 received from H Cavill)
31 December 2018Petty cash account 1 016.00Bank account 1 016.0025 February 2019Bank account 1 485.00Interest received account 35.00Debtors account (C Hemsworth) 1 450.00Creditors LedgerDateDetailsAmountAmountDateDetailsAmountAmount29 Dec 2018Interest charge 800.00C Hemsworth 800.0031 Dec 2018
Purchases 4 580.00T Hardy 4 580.00Debtors LedgerDateDetailsAmountAmount29 Dec 2018Interest 800.00C Hemsworth 800.0031 Dec 2018Sales 2 996.00R Downey 2 996.0031 Dec 2018Receipt 4 000.00L Loki 4 000.00
To know more about Inventory visit :
https://brainly.com/question/31827018
#SPJ11
11. Which effort will cause a firm to lower its sustainable growth rate? A. Plowing back a high proportion of its earnings B. Achieving a high return on equity C. Increasing the current dividend per share by 50% D. Maintaining a high sales-to-total assets ratio
Previous question
The effort that will cause a firm to lower its sustainable growth rate is C. Increasing the current dividend per share by 50%.
What is it?Sustainable Growth Rate:
Sustainable growth rate is the highest growth rate that a company can sustain without having to increase debt or equity financing.
It shows the maximum rate of growth that can be maintained without leading to the financial instability of the company.
Increasing the dividend per share by 50% will cause a firm to lower its sustainable growth rate. This is because when a company increases its dividend payout ratio, it is distributing a larger proportion of earnings to shareholders and reinvesting a smaller proportion of earnings.
As a result, the retained earnings available for reinvestment in the business decreases.
This will lead to a decrease in the sustainable growth rate of the company.
Hence, option c. is correct.
To know more on sustainability visit:
https://brainly.com/question/32771548
#SPJ11
$250 is invested at t=0. For t=0 to t=1 the investment earns 0.04 effective annual interest, and from t=1 to t=2 the investment earns 0.10 nominal semi annual interest. Find the accumulated value of the investment at t=2.
a. 286.65
b. 357.63
c. 185.56
The accumulated value of the investment at t=2 is $286.65. Hence, the answer is option (a) 286.65.
Let us apply the formula that represents the future value of a lump sum invested at time t = 0 which is as follows:
FV = PV x (1 + r)^ n
Where
FV: future value of the investment at time t = 2
PV: present value of the investment at time t = 0
r: nominal semi-annual interest
n: number of semi-annual periods
From t = 0 to t = 1, the investment earns an effective annual interest rate of 0.04. So the interest rate for one semi-annual period is (1 + 0.04)^(1/2) - 1 = 0.0196.
From t = 1 to t = 2, the investment earns a nominal semi-annual interest rate of 0.10. So the interest rate for one semi-annual period is 0.10 / 2 = 0.05.So we have:
FV = 250 x (1 + 0.0196)^2 x (1 + 0.05)^2 = 286.65
Learn more about effective annual interest rate: https://brainly.com/question/20631001
#SPJ11
If Mr. Smith thinks the last dollar spent on shirts yields less satisfaction than the last dollar spent on cola, and Smith is a utility-maximizing consumer, he should
a. decrease his spending on cola.
b. decrease his spending on cola and increase his spending on shirts.
c. increase his spending on shirts.
d. increase his spending on cola and decrease his spending on shirts
Answer:
Increase his spending on cola and decrease his spending on shirts.
Explanation:
Using the following information: a. The bank statement balance is $3,350. b. The cash account balance is $3,646. c. Outstanding checks amounted to $655. d. Deposits in transit are $794. e. The bank service charge is $148. f. A check for $74 for supplies was recorded as $65 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance
The bank statement balance is $3,350. Next, we need to consider the adjustments. There are two adjustments we need to make: outstanding checks and deposits in transit.
Outstanding checks are checks that have been issued by the company but have not yet cleared the bank. According to the information given, the outstanding checks amount to $655. Deposits in transit are deposits that have been made by the company but have not yet been recorded by the bank. According to the information given, the deposits in transit amount to $794.
Adjusted balance = Cash balance
according to bank statement - Outstanding checks + Deposits in transit Adjusted balance = $3,350 - $655 + $794.
\Now, let's move on to the cash balance according to the company's records. According to the information given, the cash account balance is $3,646.
To know more about deposits visit:
https://brainly.com/question/28027513
#SPJ11
Roger contracts to paint Mrs. White's house for $500. Afterwards Roger informs Mrs. White that he has won the lottery and does not intend to ever pick up a paintbrush again. Mrs. White then hires David to paint the house for $750 and sues Roger for the increased cost ($250) of hiring David to paint her house. Mrs. White is seeking:
Group of answer choices
A. loss in value damages (compensatory)
B. consequential damages
C. punitive damages
D. liquidated damages
Kim and Jeff went to college together at E.O.U. Kim moves to Portland after graduation and Jeff remains in La Grande. Kim starts a successful business and during a telephone conference tells Jeff that she is shorthanded and would pay him union scale if he came to work for her. Jeff quits his job in La Grande, rents a U-Haul and moves to Portland. However, when he shows up at Kim's office, she informs him that she just lost a major customer and cannot hire any new employees at present. Jeff sues to enforce their agreement. A court will most likely hold that the agreement:
Group of answer choices
A. was unenforceable because of the parole evidence rule.
B. was unenforceable because it was not put into writing.
C. was enforceable under the U.C.C.
D. was enforceable based on promissory estoppel.
Answer: Mrs. White is seeking consequential damages. In the given case, Roger contracts to paint Mrs. White's house for $500. However, Roger informs Mrs. White that he has won the lottery and does not intend to ever pick up a paintbrush again.
Then Mrs. White hires David to paint the house for $750 and sues Roger for the increased cost ($250) of hiring David to paint her house. Consequential damages are damages that are awarded to compensate for damages that have resulted from an action.
They are often called special damages because they are unique to each situation. In this case, Mrs. White incurred damages as a direct result of Roger's breach of the painting contract. Therefore, Mrs. White is seeking consequential damages.
Further Explanation: The contract is the agreement between two parties to do something in exchange for something else. It is a legally binding agreement, and if either party breaches the contract, the other party may be entitled to damages.
Damages are the legal remedy for a breach of contract, and they are designed to put the non-breaching party in the position they would have been in if the contract had been performed. There are several types of damages that may be awarded for a breach of contract.
To know more about consequential visit:
https://brainly.com/question/24021386
#SPJ11
goshen company applies overhead on the basis of 120% of direct labor cost. job no. 150 is charged with $140,000 of direct materials costs and $180,000 of manufacturing overhead. the total manufacturing costs for job no. 150 is
The total manufacturing costs for job no. 150 amount to $470,000.
To calculate the total manufacturing costs for job no. 150, we need to determine the direct labor cost first. Since Goshen Company applies overhead on the basis of 120% of direct labor cost, use this information to find the direct labor cost.
Let's assume the direct labor cost for job no. 150 is DL.
Manufacturing Overhead = 120% of Direct Labor Cost
$180,000 = 1.2 ×DL
Dividing both sides of the equation by 1.2,
DL = $180,000 / 1.2
DL = $150,000
Now that the direct labor cost, calculate the total manufacturing costs for job no. 150.
Total Manufacturing Costs = Direct Materials Cost + Direct Labor Cost + Manufacturing Overhead
Total Manufacturing Costs = $140,000 + $150,000 + $180,000
Total Manufacturing Costs = $470,000
To know more about manufacturing here
https://brainly.com/question/32717570
#SPJ4
Which type of markets help companies to raise capital for the first time: Select one: a. Money market b. Primary market c. Secondary market d. Stock market
In the primary market, companies are able to raise capital for the first time through the issuance of new securities. The correct option is B. Primary market.
The primary market is a market for new issues or new securities. This means that it is a market in which companies or firms can raise new funds or capital by issuing securities such as shares, debentures, bonds, or any other type of instrument. These new securities are sold directly to investors through underwriters who buy the securities from the issuer and then sell them to investors on a commission basis.
The secondary market, on the other hand, is the market in which existing securities or financial instruments are traded. These are the securities that have already been issued and are now being bought and sold by investors.
The stock market, which is a type of secondary market, is the market in which shares of publicly traded companies are bought and sold by investors. It is not a market that helps companies raise capital for the first time. The correct option is B. Primary market.
Know more about the primary market,
https://brainly.com/question/17168396
#SPJ11
You've just been given the assignment to create presentation slides for a new client. The client, House- You, is a start-up that aims to compete with Airbnb in the private room- and house-rental business. The purpose of the presentation is to pitch the business idea to investors. Discuss five steps for delivering a successful presentation and discuss your options for supporting a presentation with visuals. Your answer should be approximately 100 words
Options for incorporating visuals include using PowerPoint slides, videos, infographics, or images. The objectives should be clear, measurable, and achievable.
Delivering a successful presentation can be achieved by following these five steps:
Step 1: Know Your Audience You should know the background, expectations, and level of knowledge of your audience members.
This will help you to tailor your message to them more effectively and help you to choose visuals that will resonate with them.
Step 2: Develop Clear Objectives You should establish your goals and objectives, as this will guide your research and presentation preparation.
Step 3: Create a Solid Outline To be successful in delivering your presentation, your presentation must be structured and organized, which will enable the audience to follow your message.
Step 4: Design and Incorporate Visuals Supporting a presentation with visuals can be effective in aiding the audience's understanding of your message.
Practicing your delivery and making any necessary changes will help you to identify areas that need improvement.
The more you prepare and practice, the more confident you will be during the actual presentation.
To know about PowerPoint visit:
https://brainly.com/question/32680228
#SPJ11
Suppose Alcatel-Lucent has an equity cost of capital of 10.5%, market capitalization of $10.22 billion, and an enterprise value of $14 billion. Suppose Alcatel-Lucent's debt cost of capital is 5.5% and its marginal tax rate is 35%.
a. What is Alcatel-Lucent's WACC?
b. If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows as shown here,
Year 0 1 2 3
FCF ($ million) -100 52 99 75
c. If Alcatel-Lucent maintains its debt-equity ratio, what is the debt capacity of the project in part (b)?
What is Alcatel-Lucent's WACC? The calculation of WACC of Alcatel-Lucent is given below, Firstly, we have to find the market value of equity and debt using the given data Market Value of Equity.
[tex]= $10.22 billion Market Value of Debt = $14 billion - $10.22 billion = $3.78[/tex]
[tex]billion Total value of the firm = $14 billion.[/tex]
Now, WACC can be calculated using the below formula,
[tex]WACC = ((E / V) × Re) + ((D / V) × Rd) × (1 - Tc)where,[/tex]
[tex]E = Market value of Equity V = Total value of firm D = Market value of Debt[/tex]
[tex]Re = Equity cost of capital Rd = Debt cost of capital Tc = Marginal tax rate[/tex]
Substituting the given data in the above formula, we get
[tex]WACC = ((10.22 / 14) × 10.5%) + ((3.78 / 14) × 5.5%) × (1 - 35%)[/tex]
[tex]WACC = 7.37%Therefore, Alcatel-Lucent's WACC is 7.37%.[/tex]
If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows?The calculation of present value of free cash flows is given below,
[tex]Year0 1 2 3FCF($ million) -100 52 99 75WACC7.37%[/tex]
[tex]Present Value Factor 1 0.9346 0.8734 0.8169[/tex]
[tex]Present Value ($ million) -100 48.53 86.60 61.76Total
Present Value = $(-100) + $48.53 + $86.60 + $61.76 = $96.89 million[/tex]
The value of the project with average risk and the expected free cash flows is
If Alcatel-Lucent maintains its debt-equity ratio, what is the debt capacity of the project?The calculation of debt capacity of the project is given below,
[tex]Debt capacity = (Market value of Equity + Market value of Debt) × D / V
where, D / V = Debt-equity ratio = 3.78 / 10.22 = 0.3694[/tex]
To know more about calculation visit:
https://brainly.com/question/30781060
#SPJ11
Please answer B. only thank you
Suppose Cigna, a PPO payer, is responsible for revenues of $8,000,000 per year. The Cigna contract is up for renegotiation in July of 2022, and St. Elizabeth desires a 3% increase to net revenue.
Assuming all else remains constant and Cigna rate increases produce the 3% increase it penciled into the rate schedule, how much revenue will Cigna provide the system annually if it achieves its 3% increase goal? 8,240,000
3% is the increase to net revenue 3% of 8,000,000 is 240,000 8,000,000 + 240,000 = 8,240,000
b. At the negotiating table, Cigna explains that the way it can grant such an increase for the coming year (effective July of 2023) is through its quality program. There are three metrics that will be analyzed in July of 2023 for the preceding 365-day period: readmission rates, hospital-acquired infections, and patient satisfaction. If a retrospective look right before the July of 2023 effective date shows that St. Elizabeth has achieved the target for readmission rates and patient satisfaction but not for hospital-acquired infection: a. Assuming all measures are weighted equally, what is the percentage increase to rates for July of 2023?
b. If a retrospective look right before the July of 2023 effective date shows that St. Elizabeth has achieved the target for readmission rates and patient satisfaction but not for hospital-acquired infection:
Given that a retrospective look right before the July of 2023 effective date shows that St. Elizabeth has achieved the target for readmission rates and patient satisfaction but not for hospital-acquired infection. Therefore, the quality metrics of St. Elizabeth are determined to be:MetricScoreReadmission Rates94%Hospital-acquired infections88%Patient Satisfaction90%The overall quality metric score is given by the sum of the three metrics divided by three.OQS= (94% + 88% + 90%) / 3OQS= 272 / 3OQS= 90.67%The percentage increase to rates for July of 2023 is 1.68%.Formula for calculating percentage increase to rates for July of 2023
To know more about retrospective visit:
https://brainly.com/question/10764588
#SPJ11
True or False. A small business has a great deal of control over its environment
The statement that a small business has a great deal of control over its environment is not entirely true.
Although there are certain aspects of its environment that it can control, there are other factors that are beyond its control. The external environment can be defined as the factors and conditions that exist outside the business and that can affect its operations. It can be categorized into two broad categories; the task environment and the general environment.
The task environment comprises suppliers, competitors, customers, and regulators, while the general environment consists of the socio-cultural, technological, economic, legal-political, and international dimensions. Small businesses can control some aspects of the task environment, such as the price it charges for its goods or services and the quality of those goods or services. It can also control its marketing activities to some extent.
However, it cannot control the actions of competitors or changes in customer preferences. In the general environment, small businesses have limited control over economic factors such as inflation and interest rates, changes in technology, or government regulations. Therefore, while small businesses do have some control over their environment, they do not have complete control over all factors that can affect their operations. It is essential for small businesses to be aware of and adapt to changes in their environment to remain competitive.
Learn more about inflation from the given link:
https://brainly.com/question/28136474
#SPJ11
In ascertaining whether a borrower has the ability to pay off his loan over time, a mortgage bank may rely on calculating a total debt ratio as part of its underwriting process. Using the following information, calculate the total debt ratio: monthly principal and interest on mortgage loan: $635; monthly tax and insurance payments into escrow: $125; monthly car lease payment (lease term is 3 years): $350; gross monthly income: $2,500. 25.4%
30.4%
44.4%
53.2%
If an ascertaining whether a borrower has the ability to pay off his loan over time. The total debt ratio is: C. 44.4%.
What is the total debt ratio?First step is to determine the borrower's total monthly debt payments
Total monthly debt payments = Monthly mortgage payment + Monthly tax and insurance payments + Monthly car lease payment
Total monthly debt payments = $635 + $125 + $350
Total monthly debt payments = $1,110
Now let find the total debt ratio
Total debt ratio = (Total monthly debt payments / Gross monthly income) * 100
Total debt ratio = ($1,110 / $2,500) * 100
Total debt ratio ≈ 44.4%
Therefore the correct option is C.
Learn more about total debt ratio here:https://brainly.com/question/21406342
#SPJ4
On your twelfth birthday, you received $1,000 which you invested at 10.0 percent interest, compounded annually. Your investment is now worth $1,948.72. How old are you today? Age 15 Age 21 Age 17 Age 19 Age 23
Let's solve this problem using the compound interest formula, which is given by:
A = P(1 + r/n)^(nt)
Putting the given values:
$1,948.72 = $1,000(1 + 0.10/1)^(1*t)
Divide both sides by $1,000:
$1,948.72 / $1,000 = (1.10)^t
Take the logarithm on both sides:
log(1.94872/1,000) = t * log(1.10)
Calculating the logarithm:
t = (log(1.94872) - log(1,000)) / log(1.10)
Simplifying:
t = 3.047 / 0.0413927
t ≈ 73.56
Therefore, the person is approximately 73 years old today.
Let's check the answer:
After 3 years, the person will be 73 + 3 = 76 years old.
Now we will calculate the worth of the investment after 3 years:
$1,000(1 + 0.10/1)^(1 * 3) = $1,331.00
The amount is less than $1,948.72 because the annual rate of 10% is compounded only once a year. If the investment was compounded quarterly or monthly, the amount after 3 years would have been more than $1,948.72.
To know more about compound visit:
https://brainly.com/question/14117795
#SPJ11
In developing the pro forma income statement we follow four important steps: 1) compute other expenses, 2) determine a production schedule. 3) establish a sales projection, 4) determine profit by completing the actual pro forma statement. What. is the correct order for these four steps? 1, 2,3,4 4,3,2,1 2,1,3,4 3,2,1,4 Question 4 (1 point) In the development of the pro forma financial statements, the second step in the process is the development of the: cash budget. pro forma balance sheet. pro forma income statement. capital budget.
Correct order for the four steps in developing the pro forma income statement: 2, 1, 3, 4.
Step 1: Determine a production schedule.
Step 2: Compute other expenses.
Step 3: Establish a sales projection.
Step 4: Determine profit by completing the actual pro forma statement.
Explanation:
1) Determine a production schedule: This step involves estimating the amount of goods or services that will be produced during a specific period. It helps in forecasting the costs and expenses associated with the production process.
2) Compute other expenses: Once the production schedule is determined, other expenses such as raw material costs, labor costs, overhead costs, and any other relevant expenses need to be calculated. These expenses are essential for accurately estimating the overall costs of production.
3) Establish a sales projection: In this step, sales forecasts are made based on market research, historical data, and other relevant factors. The sales projection provides an estimate of the revenue that the company expects to generate from the sale of its products or services.
4) Determine profit by completing the actual pro forma statement: After the production schedule, other expenses, and sales projection are determined, the pro forma income statement can be prepared. It includes the estimated revenue, costs, and expenses, allowing for the calculation of the projected profit. This statement helps in assessing the financial performance and viability of the business.
In the development of the pro forma financial statements, the second step in the process is the development of the pro forma balance sheet.
For more such questions on income, click on:
https://brainly.com/question/30157678
#SPJ8
Explain Societal benefits of Apple as a first mover company.
Societal benefits of Apple as a first mover company include technological innovation, job creation, economic growth, improved consumer experiences, and the stimulation of competition leading to further advancements.
As a first mover, Apple's technological innovations have revolutionized industries, improving productivity and enhancing communication and entertainment for individuals worldwide. The company's success has also created numerous job opportunities, contributing to economic growth. Apple's products and services have set high standards, inspiring competition and driving further advancements, benefitting society through improved technology and consumer experiences.
Learn more about company here:
https://brainly.com/question/30532251
#SPJ11
a. Whit would Rockis profit margin be if the Lime division were dropped? b. What would Rock's profit margin be if the Nina division were dropped?
a. The profit margin is the amount by which revenue from sales exceeds costs of goods sold or production. It is usually expressed as a percentage of sales. Rock Company has two divisions, Lime and Nina. If Lime division is dropped, it would result in a decrease in both revenue and expenses.
The costs associated with Lime division, including the cost of goods sold, direct labor costs, and direct materials costs would all decrease, while sales revenue would also decrease. However, the decrease in expenses would be greater than the decrease in revenue, as the Lime division was operating at a loss. Thus, the profit margin would increase if Lime division were dropped.b. Similarly, if the Nina division were dropped, it would also result in a decrease in both revenue and expenses.
It is important to note that dropping a division may have other impacts beyond the changes in revenue and expenses. It may also affect the overall business strategy and future growth potential of the company. Therefore, the decision to drop a division should be carefully considered based on a variety of factors, not just the impact on profit margin.
To know more about revenue visit:
https://brainly.com/question/27325673
#SPJ11
Click to see additional instructions The nominal interest rate is 12%. The tax rate on nominal interest is 25%. The after tax nominal interest rate is
The nominal interest rate refers to the interest rate before adjusting for inflation, while the after-tax nominal interest rate refers to the real interest rate adjusted for taxes. Therefore, the after-tax nominal interest rate is calculated by subtracting the tax rate from the nominal interest rate and calculating the remaining amount.
For example, given a nominal interest rate of 12% and a tax rate of 25%, the after-tax nominal interest rate is calculated as follows:
After-tax nominal interest rate = (1 - tax rate) × nominal interest rate= (1 - 0.25) × 12%
= 0.75 × 12%
= 9%
Therefore, the after-tax nominal interest rate is 9%. The after-tax nominal interest rate is the rate of return on an investment after taxes have been paid.
The after-tax nominal interest rate is used to compare the relative profitability of different investment opportunities. For example, if two investment opportunities have the same nominal interest rate but different tax rates, the after-tax nominal interest rate can help determine which investment opportunity is more profitable.
To know more about adjusting visit :
https://brainly.com/question/4692935
#SPJ11
Jasper Auto Inc is going to invest in a new machine to produce Part A. The cost of the machine is $400,000. Part A will have variable cost per unit of $75.00 and the sales price per unit will be $140.00. Fixed costs will be $80,000. The machine is expected to have a life of eight years. Jasper Auto requires a return of 10% on their investments.
Required:
Ignoring the effect of taxes, calculate the following . Round all your answers to two decimal points.
Accounting Break-even quantity (2 marks)
Cash Break-even quantity (2 marks)
Financial Break-even quantity (4 marks)
Degree of operating leverage. (2 mark
Accounting Break-even quantity:The accounting break-even quantity of an investment is a calculation that can determine the quantity of products that must be sold to cover the variable and fixed expenses of the investment. The equation is as follows:
Accounting Break-even Quantity = Fixed Costs / Sales Price per Unit - Variable Costs per Unit
Here the fixed costs are $80,000 Variable costs per unit are $75.00Sales Price per unit will be $140.00.Accounting Break-even Quantity = $80,000 / $140 - $75 = 2667.74
Cash Break-even quantity:Cash Break-even quantity= (Fixed costs + Depreciation) / Sales Price per Unit - Variable Costs per UnitSince the machine is going to have a life of eight years, the depreciation will be ($400,000 / 8) $50,000 per year.
Thus, Fixed costs will be $80,000+$50,000 = $130,000.Cash Break-even quantity = ($130,000) / ($140 - $75) = 2,600 Financial Break-even quantity:Financial Break-even quantity = (Fixed Costs + Interest Costs) / Contribution Margin per UnitContribution Margin per Unit = Sales Price per Unit - Variable Costs per UnitHere, we know, the fixed cost is $80,000, the Interest rate is 10%, thus, Interest Costs = $400,000 x 10% = $40,000.Contribution Margin per Unit = $140 - $75 = $65Financial Break-even quantity = ($80,000 + $40,000) / $65 = 1692.31Degree of operating leverage:Degree of operating leverage (DOL) is a measurement of how much the income of an enterprise changes when sales rise or decrease. DOL is equal to Contribution Margin / Net Income. In the above question, contribution margin is $65, fixed costs $80,000, and the income tax rate is not given, so we can’t calculate the net income. Thus, we can’t find the Degree of Operating Leverage. Therefore, the answer is not possible to calculate.
To know more about Financial Break-even quantity visit:
https://brainly.com/question/33102294
#SPJ11
Negative externalities commonly affect public resources where it is difficult to hold parties accountable, such as in a case of environmental pollution.
(a) Explain with FIVE examples the negative production externalities (10 MARKS)
b) Describe FIVE solutions in which the local municipal council might respond to this negative externality
Negative externalities generally refer to the costs that are borne by third parties or the society due to an activity or decision made by a firm or an individual. Below are the five examples of negative production externalities:
1. Air Pollution: Manufacturing firms that use coal in their production process generate pollution that negatively impacts the environment. This results in the degradation of public resources such as air quality and forests.
2. Water Pollution: Chemical industries that release chemicals into the water sources, such as rivers and lakes, pose a significant threat to aquatic animals and plants.
3. Noise Pollution: Factories that produce noise such as factories producing heavy machinery generate noise pollution, which could lead to public health concerns such as hearing problems and migraines.
4. Waste Disposal: Improper disposal of toxic waste materials by manufacturing firms can contaminate soil, water, and air, leading to public health problems such as cancer and respiratory problems.
5. Traffic Congestion: The excess emission from cars, buses, and trucks that are on the road for a long period due to traffic congestion, may cause respiratory problems and pollution-related health issues for the people in the vicinity.
The local municipal council might respond to negative externalities by implementing five solutions:
1. Taxes and subsidies
2. Tradable pollution permits
3. Direct regulation
4. Voluntary cooperation
5. Market-based incentives.
Learn more about Negative externalities: https://brainly.com/question/13901028
#SPJ11
write a product release of a new restaurant opening .
information needed:
catchy headline
product release date: 12/08/2022
this is the first of its kind restaurant in that area
restaurant name: kia's
Product ReleaseKia's restaurant is the first of its kind in the area, offering an unparalleled dining experience. It is set to open its doors on December 8, 2022, and we are excited to announce the launch of this exceptional restaurant.
Kia's will be your ultimate destination for authentic, exotic flavors that will take you on a culinary journey like no other. Our menu is curated with the freshest ingredients and will cater to all types of palettes. Kia's chefs have created a mouthwatering array of dishes that will tantalize your taste buds. From appetizers to entrees to desserts, there is something for everyone.
Our restaurant offers a warm and welcoming atmosphere, where you can relax and indulge in the flavors of our food. Kia's is the perfect place for a romantic dinner, family gathering, or corporate event. Our friendly staff will ensure that your dining experience is seamless and unforgettable.
So join us on December 8, 2022, and experience the magic of Kia's restaurant. We look forward to welcoming you!Catchy Headline: "Introducing Kia's: The First-of-its-Kind Restaurant in the Area!"
To know more about area visit:
https://brainly.com/question/30307509
#SPJ11