Answer:
C) 100 − 16Y
Explanation:
The computation of the marginal benefit is shown below:
The marginal functions represent the derivatives with respect to the total functions as compared to Y.
so, the marginal benefit function is MB(Y)=dB(Y) ÷ dY
d (100Y - 8Y^2} ÷ dY
= 100 -16Y
Therfeore the option c is correct
Kaiwan, Inc., a calendar year S corporation, is partly owned by Sharrod, whose beginning stock basis is $55,000. During the year, Sharrod's share of a Kaiwan long-term capital gain (LTCG) is $8,250, and his share of an ordinary loss is $33,275. Sharrod then receives a $33,000 cash distribution. Compute the following.
a. Sharrod's deductible loss.
b. Sharrod's suspended loss.
c. Sharrod's new basis in the Kaiwan stock.
Answer: See explanation
Explanation:
a. Sharrod's deductible loss.
= Beginning stock + Long term capital gain - Cash distribution
= $55000 + $8250 - $33000
= $30250
b. Sharrod's suspended loss.
Beginning stock + Long term capital gain - Ordinary loss - Cash distribution
= $55000 + $8250 - $33,275 - $33000
= -$3025
c. Sharrod's new basis in the Kaiwan stock.
Sharrod's new basis in the Kaiwan stock is 0.
Carla Vista Co. purchases land and constructs a service station and car wash for a total of $592500. At January 2, 2021, when construction is completed, the facility and land on which it was constructed are sold to a major oil company for $670000 and immediately leased from the oil company by Carla Vista. Fair value of the land at time of the sale was $70500. The lease is a 10-year, noncancelable lease. Carla Vista uses straight-line depreciation for its other various business holdings. The economic life of the facility is 15 years with zero salvage value. Title to the facility and land will pass to Carla Vista at termination of the lease. A partial amortization schedule for this lease is as follows:
Payments Interest Amortization Balance
Jan 2 2018 510000.00
Dec. 31, 2018 $83000.15 $51000.00 $32000. 47 7999.85
Dec. 31, 2019 83000.15 47799.99 35200. 44 2799.69
Dec. 31, 2020 83000.15 44279.97 38720.18 404079.51
The total lease-related expenses recognized by the lessee during 2019 is:_______
Answer:
$87,766.66
Explanation:
Computation of Lease related Expense Recognized by lessee in 2019
Depreciation Expense = (Total cost - Salvage value) / Estimated life
Depreciation Expense = $670,000 - $70,500 / 15
Depreciation Expense = $39,966.67
Interest Expense = $47,799.99
Total lease-related expenses = Depreciation Expense + Interest Expense
Total lease-related expenses = $39,966.67 + $47,799.99
Total lease-related expenses = $87,766.66
ECB Co. has 1.25 million shares outstanding selling at $25 per share. It plans to repurchase 97,000 shares at the market price. What will be its market capitalization after the repurchase? What will be its stock price? The market capitalization after the repurchase is million. (Round to three decimal places.)
Answer:
Market cap = 28.825 million
Stock price = $25
Explanation:
Current outstanding shares = 1,250,000
Current price per share = $25
So, ECB current market cap = 1,250,000 × $25 = $31,250,000
Repurchase shares = 97,000
So repurchase value = 97,000 × $25 = $2,425,000
Hence, Market capitalization after repurchase = current market cap - repurchase value
= $31,250,000 - $2,425,000 = 28,825,000 or 28.825 million
Stock price = $25
At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about:______.
a. 2.20
b. 0.90
c. 1.11
d. 0.45
Answer:
a. 2.20
Explanation:
The computation of the price elasticity of supply is shown below;
Here,
P1 = $1 Q1 = 100
P2 = $1.20 Q2 = 150
We know that
Price elasticity = percentage change in quantity supplied ÷ percentage change in price
where
Percentage change in quantity supplied = (Q2-Q1)÷(Q2+Q1) ÷ 2)×100
= (150-100) ÷(150+100) ÷ 2)×100
= 40
And,
Percentage change in price is
= (P2-P1) ÷ (P2+P1) ÷ 2)×100
= ($1.20 - $1) ÷ ($1.20 + $1) ÷ 2)×100
= 18.1818
So, price elasticity of supply is
= 40 ÷ 18.1818
= 2.20
At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about:______.
A. 2.20B. 0.90
C. 1.11
D. 0.45
-KeonLee
I hope it help
#Carry on learning
The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students. Downtown Draper merchants have long complained about the lack of parking available to their customers. This is one primary reason for the steady migration of downtown businesses to a mall several miles outside town. The local chamber of commerce has finally convinced the town council to consider the construction of a new multilevel indoor parking facility downtown. Kelly Mattingly, the town’s public works director, has developed plans for a facility that would cost $4.5 million to construct. To pay for the project, the town would sell municipal bonds with a duration of 30 years at 8% interest. Kelly also estimates that five employees would be required to operate the lot on a daily basis, at a total annual cost of $140,000. It is estimated that each car that enters the lot would park for an average of 2.5 hours and pay an average fee of $3.20. Further, it is estimated that each car that parks in the lot would (on average) cost the town $0.60 in annual maintenance for cleaning and repairs to the facility. Most of the downtown businesses (which include a number of restaurants) are open 7 days per week.
Required:
a. Using break-even analysis, determine the number of cars that would have to park in the lot on an annual basis to pay off the project in the 30-year time frame.
b. From the results in (A), determine the approximate number of cars that would have to park in the lot on a daily basis. Does this seem to be a reasonable number to achieve, given the size of the town and college population?
Answer: See explanation
Explanation:
a. Let the break even sales be represented by x.
Firstly, we will calculate the total fixed cost which will be:
Investment = $4.5million/30 = $150,000
Add: Annual labor cost = $140,000
Add: Interest = 8% × $4.5million = $360,000
Total Fixed cost = $650000
The total variable cost will be: = 0.60 × x = 0.60x
Therefore, total cost:
= fixed cost + variable cost
= 650000 + 0.60x
Total revenue = Selling price × sales
= 3.20 × x = 3.20x
Break even point will now be:
Total revenue = Total cost
3.20x = 650000 + 0.60x
3.20x - 0.60x = 650000
2.60x = 650000
x = 650000/2.60
x = 250000
Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.
b. The approximate number of cars that would have to park in the lot on a daily basis will be:
= 250000/365 days
= 684.91
=685 cars
At the beginning of 2017, your company buys a $34,000 piece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of $2,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 41,000 units in 2017, 49,000 units in 2018, 45,000 units in 2019, and 65,000 units in 2020.
Required:
a. Determine the depreciable cost.
b. Calculate the depreciation expense per year under the straight-line method.
c. Use the straight-line method to prepare a depreciation schedule.
d. Calculate the depreciation rate per unit under the units-of-production method.
e. Use the units-of-production method to prepare a depreciation schedule.
Answer:
32,000
8000
see below
.16
see below
Explanation:
I'm not really sure what the schedule is supposed to look like (im not good at accounting) exactly but i whipped up something real quick in excel and if you have any questions ask
the depreciable cost is just cost-salvage (the amount that's going to be depreciated) so for us its 34000-2000 or 32,000
the depreciation expense is just the depreciable cost divided by the useful live (32,000/4)=8000
see my attempt at a depreciation schedule below
The deprecation rate per unit is the depreciable cost divided by the total units
32000/200000= .16
and you can see below my attempt at the units of production schedule
At what credit score range do you think it’s unlikely that banks would offer you a loan or credit card?
Answer:
osisyey you doing today my
Examples of successfulness of the competition policy in South Africa
Explanation:
By Kgomotso Ramotsho
The Competition Law Committee of the Law Society of the Northern Provinces held its last Annual Gala Breakfast in October 2018 in Johannesburg. The gala breakfast was organised and hosted by ENSafrica. Members of the panel discussed ‘Experiencing twenty years of competition practice’. The Competition Commission Commissioner, Tembinkosi Bonakele, said South Africa (SA) has challenges in the economic front and added that employment growth numbers were not impressive.
Mr Bonakele said this is a challenge and added that there can be talks about what the Competition Commission can contribute, however, there are concerns about the structure of the economy and concentration levels in the economy. He pointed out that another challenge, is with regards to developing competition experts. He said that SA could have done better in developing experts. He pointed out that when looking at who the experts are, the economic front is dominated by European experts, instead of local experts.
Mr Bonakele said it was easy for legal practitioners to make the transition into competition law. However, he added that another challenge is with economists. He said universities should produce a pool of economists that can help in the industry. Full-time member of the Competition Tribunal, Yasmin Carrim, added that the industry was not doing enough and that the pool of economists is small. She pointed out that it was not only up to universities to produce expert economists. She said the industry needed to grab the opportunity and utilise different strategies, such as giving practical training or internships to students, so that when they graduate they would have a sense of the work environment.
Full-time member of the Competition Tribunal, Yasmin Carrim, listed the quality of work done by competition law legal practitioners and economists in South Africa as one of the successes in the industry. She spoke at the last annual gala breakfast held in Johannesburg by the Competition Law Committee of the Law Society of the Northern Provinces.
Ms Carrim, however, said that from her personal experience, one of the successes in the industry has been the quality of work done by both legal practitioners and economists in the country. Mr Bonakele added that SA has made strides in establishing itself as a respected jurisdiction with locally developed practices and sharpened skills in the competition area, he noted that these were good signs. Judge President of the Competition Appeal Court, Dennis Davis, posed a question to Mr Bonakele with regards to work done by experts outside SA.
Mr Bonakele said the Competition Commission has relied on local experts. However, he pointed out that the issue is with the number of local experts. He noted that the country has knowledgeable experts even though they are few in numbers. He added that even though foreign experts are brought in to work in SA, they should team up with local experts as they understand the local conditions, they are open minded and are trained by the best in the world.
Kgomotso Ramotsho Cert Journ (Boston) Cert Photography (Vega) is the news reporter at De Rebus.
This article was first published in De Rebus in 2019 (Jan/Feb) DR 11.
The Aleander Company plans to issue $10,000,000 of 20-year bonds at par next June, with semiannual interest payments. The company's current cost of debt is 10 percent. However, the firm's financial manager is concerned that interest rates will increase in coming months, and has decided to take a short position in U. S. government t-bond futures. See the settlement data below for t-bond futures. (Note: One standard futures contract is $100,000).
a. Calculate the present value of the corporate bonds if rates increase by 2 percentage points.
b. Calculate the gain or loss on the corporate bond position.
c. Calculate the number of contracts required to cover the bond position. Then calculate the current value of the futures position.
d. Calculate the implied interest rate based on the current value of the futures position.
e. Interest rates increase as expected, by 2 percentage points. Calculate the present value of the futures position based on the rate calculated above plus the 2 points.
f. Calculate the gain or loss on the futures position.
g. Calculate the overall net gain or loss.
h. Is this problem an example of a perfect hedge or a cross hedge? Is it an example of speculation or hedging? Why?
Delivery Month Open High Low Settle Change Open Interest
(1) (2) (3) (4) (5) (6) (7)
Dec 103'14 103'14 102'11 102'17 -6 678,000
Mar 102'11 102'23 100'28 101'01 -5 135,855
June 101'14 101'26 100'02 100'12 -5 17,255
I have tried to explain it in extremely simple words and kept it precise too. I have made an excel file and compiled the answer in that clearly. All the parts are clearly mentioned. Please download the document and understand clearly. All the parts are solved independantly. Please find the attached file. Thanks.
Revenue and expense data for Bluestem Company are as follows:
Year 2 Year 1
Administrative expenses $37,720 $20,300
Cost of goods sold 360,000 319,900
Income tax 41,000 32,200
Sales 820,000 700,000
Selling expenses 154,160 109,900
Required:
Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
Answer and Explanation:
The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-
The formula that we have used is shown below:-
Gross profit percent = Gross profit / Sales revenue
Cost of goods sold percent = Cost of goods sold / Sales revenue
and in a similar way operating expenses items.
Which of the following is/are correct?
I. The pecking-order theory states that firms prefer to issue equity rather than debt if internal financing is insufficient.
II. The pecking-order theory suggests that profitable firms use more debt.
III. The trade-off theory of capital structure implies that there is an optimal level of debt for firms, given the benefits of tax shields and the costs of financial distress
a. I only
b. I and II only
c. III only
d. all of the above
e. none of the above
Answer:
c. III only
Explanation:
The correct option is - c. III only
Reason -
III option is correct because The trade-off theory states that there is an optimal level of debt for firms, given the benefits of tax shields and the costs of financial distress
Shawn Company had 130 units in beginning inventory at a total cost of $13,650. The company purchased 260 units at a total cost of $41,600. At the end of the year, Shawn had 98 units in ending inventory.
Required:
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.
Answer:
FIFO
cost of the ending inventory = $15,680
cost of goods sold = $39,570
LIFO
cost of the ending inventory = $10,290
cost of goods sold = $44,960
Average Cost Method
cost of the ending inventory = $13,883.37
cost of goods sold = $41,336.76
Explanation:
The cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost are calculated as follows :
Step 1 : Determine the Number of units sold
Number of units sold = Total units available for sale - Ending units
= 390 units - 98 units
= 292 units
Step 2 : Determine the Number of units in inventory
Number of units in inventory = 98 units (given)
Step 3 : Use the appropriate principles to calculate required values
FIFO
cost of the ending inventory = 98 x $160 = $15,680
cost of goods sold = 130 units x $105 + 162 units x $160 = $39,570
LIFO
cost of the ending inventory = 98 x $105 = $10,290
cost of goods sold = 260 units x $160 + 32 units x $105 = $44,960
Average Cost Method
Unit Cost = ($13,650 + $41,600) ÷ 390 units = $141.667
therefore,
cost of the ending inventory = 98 x $141.667 = $13,883.37
cost of goods sold = 292 units x $141.667 = $41,336.76
Waterway Industries estimates its sales at 240000 units in the first quarter and that sales will increase by 26000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at:
a. $5,735,800.
b. $11,574,800.
c. $8,380,400.
d. $10,056,200.
Answer:
d. $10,056,200.
Explanation:
The computation of the cash collection for the third quarter is shown below;
Sales in quarter 1 is 240,000 units
Sales in quarter 2 is 240,000 + 26000 units = 266,000 units
And, the sales in quarter 3 is 266,000 units + 24000 units = 292,000 units
Now
= (292,000 units × $35 × 40%) + (292,000 × $35 × 60% × 70%) + (266,000 units × $35 × 60% × 30%)
= $4,088,000 + $4,292,400 + $1,675,800
= $10,056,200
The spot price of BOA is $150. The risk free rate is 3%. Assume that BOA follows a log-normal model with volatility 20% and expected rate of return 2%. Consider a 1-year 150-180 bull spread on BOA made of calls. What is the probability that the payoff this bull-spread is $20 or more?
a. none of the above
b. between 0.42 and 0.46
c. below 0.42
d. above 0.46
Solution :
The probability of the payoff is greater than equal to $ 20 that will be fulfilled when the price of the stock crosses 170. But at price 180, the payoff will get stabilize.
Now the price of the BOA follows lognormal distribution, the continuous returns would follow the Normal distribution.
∴ So for the payoff of $ 20 or more than that, return has to be [tex]$\ln(170/150)=12.5163 \%$[/tex] Pa or more than that. So, x = 12.5163 %
[tex]$Z=\frac{x-\text{mean}}{s_d}$[/tex]
[tex]$=\frac{12.5163-10}{20}$[/tex]
= 0.12582
∴ Using Z table, the cumulative probability to the left side = [tex]$0.550061$[/tex]
But the probability of the return which is more than 12.5163 % is given by :
= 1 - 0.55061
= 0.449939
= 0.45
Kim is a partner of Angst Associates, a management consulting firm that provides advice to corporations ranging in size from $8,000,000 to $40,000,000 in assets. Crient Company asks Kim whether she will provide management consulting services to Crient. Kim says she will do it personally and that Crient should pay her directly. Crient has $10,000,000 in assets. At night and on weekends, Kim consults with Crient. Crient pays Kim $25,000. Has Kim done anything wrong?
Answer: Kim has done wrong by denying her firm the benefit of of Crient's business.
Explanation:
Even though Kim did the Crient's work outside of office hours, this represents a breach of loyalty to Angst Associates. Kim is not being loyal to the firm because she is taking work that would otherwise have benefitted the firm from the firm if it had gone through the firm.
She is therefore not only denying the firm the benefit of her skills in this manner but also denying them the chance to make a profit on the consulting which is ethically wrong.
Had Kim engaged with Crient in providing services to them that was not the same service that her firm provided, there would be no breach of loyalty here but as the services she offered and that of her firm are the same, she has breached loyalty and if found out, will be punished.
May 1: Prepaid rent for three months, $3,000
May 5: Received and paid electricity bill, $130
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,600
May 23: Served a banquet on account, $1,900
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,700
May 31: Recorded depreciation for May on kitchen equipment, $420
Amount of Revenue (Expense) for May
Cash Basis Accrual Basis
Answer:
Under the cash basis of accounting, revenue are reported on the income statement only when cash is received. The expenses are only recorded when cash is paid out
Under the accrual basis of accounting, revenue are accounted for when it is earned that is revenue are recorded before any money changes hands.
The answer below is based on the Cash Basis & Accrual Basis rule/
Amount of Revenue (Expense) for May
Cash Basis Accrual Basis
May 1 $3,000 $0
May 5 $130 $130
Mat 9 $2,300 $2,300
May 14 $2,600 $0
May 23 $0 $1,900
May 31 $0 $1,000 ($3,000/3 months)
May 31 $0 $1,700
May 31 $0 $420
Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $18,500 Cash paid for dividends, $7,300 Cash dividends received, $5,300 Cash proceeds from bank loan, $26,000 Cash purchase of treasury stock, $9,500 Cash paid for equipment purchase, $25,500 Cash received from issuance of common stock, $35,500 Cash received from sale of land with a $30,500 book value, $23,800 Acquisition of land costing $49,500 in exchange for preferred stock issuance. Payment of a $165,000 note payable by exchanging used machinery with a $75,500 book value and $165,000 fair value.
1. How much was Flow's net cash flow from investing activities?
a. A net inflow of $44,700
b. A net outflow of $51,200
c. A net outflow of $1,700.
d. A net inflow of $1,700.
2. During 2016, Eva's Enterprises cash paid for property, plant and equipment was $675 million and cash flow from operating activities was $6,048 million. The average property, plant, and equipment from the comparative balance sheets were $5,854 million. Eva's capital acquisitions ratio for 2016 is closest to:_______.
a. 8.67.
b. 1.03.
c. 8.82.
d. 8.96.
Answer:
1. c. A net outflow of $1,700.
2. d. 8.96.
Explanation:
1. Cash flow from Investing activity
Particulars Amount
Cash proceeds from sale of Land $23,800
Cash paid for equipment purchase -$25,500
Net cash-flow from investing activities ($1,700)
2. Capital acquisition ratio = (Cash-flow from operations - Dividends) / Cash paid for acquisitions
Capital acquisition ratio = ($6,048 million - $0) / $675 million
Capital acquisition ratio = $6,048 million / $675 million
Capital acquisition ratio = 8.96
determine your targetarket
Answer:
A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.
Hope it helps ya!. Please give me brainliest! ☞︎︎︎☜︎︎︎ thank you!
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The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago.
The unemployment rate in Marble Falls is now
A) 0%.
B) 11.1%.
C) 20%.
D) 25%
Answer:
A) 0%
Explanation:
The unemployment rate in the town of Marble Falls refers to the portion of the active population which is not employed
Initially, there were 2 people actively searching for means of livelihood, six weeks down the line, they lost interest in job search, which means that by then, they were no longer in the unemployed category since they have stopped looking for job opportunities.
In essence, when the 2 people left the unemployed category, no one was left, which translated into the unemployment rate for the town of Marble Falls
2. Sales projections (LO2) Cyber Security Systems had sales of 3,000 units at $50 per unit last year. The marketing manager projects a 20 percent increase in unit volume sales this year with a 10 percent price increase. Returned merchandise will represent 6 percent of total sales. What is your net dollar sales projection for this year?
Answer:
hjkbwhdnejm
Explanation:
sdvfbnhmjsdjfkmasdfhjk
Which of the following statements is not correct about the prisoners' dilemma game played by a duopoly?
a. Both firms have a dominant strategy.
b. The Nash equilibrium shows the highest profit for both firms.
c. The cooperative outcome is inefficient, like the monopoly outcome.
d. If the firms play repeatedly, cooperation becomes more likely.
The statements is not correct about the prisoners' dilemma game played by a duopoly d. If the firms play repeatedly, cooperation becomes more likely.
What does prisoner's dilemma have to do with oligopoly?The prisoner's dilemma is an example of the application of game theory to analysis of oligopoly. It shows how, in certain situations, all sides can benefit from cooperative behavior rather than self-interested behavior. However, the challenge for the parties is to find ways to encourage cooperative behavior.
What is prisoner's dilemma example?The U.S. debt deadlock between the Democrats and Republicans that springs up from time to time is a classic example of a prisoner's dilemma. Let's say the utility or benefit of resolving the U.S. debt issue would be electoral gains for the parties in the next election.
To learn more about the prisoners' dilemma, refer
https://brainly.com/question/11980505
#SPJ2
Olivia wants to buy some vacant land for investment purposes. She cannot afford the full purchase price. Instead, Olivia pays the landowner $14,500 to obtain an option to buy the land for $290,000 anytime in the next four years. Fourteen months after purchasing the option, Olivia sells the option for $18,125. What is the amount and character of Olivia's gain or loss?
Answer:
$3,625
Explanation:
Missing word "She has a long-term capital gain of $..................."
Long term capital gain = Sale price of option - Buying price of option
Long term capital gain = $18,125 - $14,500
Long term capital gain = $3,625
So, the amount and character of Olivia's long-term capital gain is $3,625.
How can product-process matrix help in making process selection decisions?
Assume the calculated EOQ for each quantity range is given below:
Quantity Price per unit Calculated EOQ
1 to 99 $110 75
100 to 199 $80 120
200 and up $50 190
In order to evaluate which ordering quantity is least costly, you should calculate the total cost associated with the range 1 to 99 units, using a quantity of__________ units, and the range 200 units and up, using a quantity of_____________ units.
Answer:
In order to evaluate which ordering quantity is least costly, you should calculate the total cost associated with the range 1 to 99 units, using a quantity of___75___ units, and the range 200 units and up, using a quantity of____190____ units.
Explanation:
a) Data:
Quantity Price per unit Calculated EOQ
1 to 99 $110 75
100 to 199 $80 120
200 and up $50 190
b) The calculated Economic Order Quantity (EOQ) is the optimal quantity that minimizes inventory costs which include holding, shortage, and ordering or production setup costs. The EOQ is computed as the square root of: [2(setup costs)(demand rate)] / holding costs. While EOQ is popular, its use is criticized on the ground that it is over-simplistic and relies largely on consistent data inputs. Consistent data does not reflect reality.
Hot Dress. Doreen writes a check for a dress to Hot Dresses, Inc., a small specialty shop owned primarily by Betty. Betty was getting ready to go on an extended European vacation and temporarily closed the shop the day after the dress sale to Doreen. When Betty returned, she had a number of other things to do and did not take Doreen's check and some other checks to the bank for three months. Betty was independently wealthy and only ran the shop as a hobby, so she had not been in need of funds. When Betty finally took Doreen's check to the bank, Betty requested that her bank, ABC Bank, deposit the check into her account. When ABC Bank, however, requested payment from Doreen's bank, XYZ Bank, the check was dishonored because of insufficient funds in Doreen's account. Although Betty did not particularly need the funds, she did not like to feel as if she had been cheated; therefore, she demanded that Doreen make the check good. Which of the following parties is the holder of the check?
a. Doreen's bank
b. Hot Dresses, Inc.
c. Betty, because she owns Hot Dresses, Inc.
d. Bety's bank
Answer:
a. Doreen's bank
Explanation:
Since the cheque was dishonored due to the non-sufficient balance in the bank account of the doreen and betty should not feel that she was cheated so she demand doreen to make the good check
So here as per the given situtation, the holder of the check would be doreen as we considered that he is the drawer of the check
So , the option a is correct
Use the information below to answer the following questions.
U.S. $ EQUIVALENT CURRENCY PER U.S. $
Polish Zloty 0.2989 3.3456
Euro 1.2379 0.8078
Mexican Peso 0.0752 13.2993
Swiss Franc 1.0299 0.9710
Chilean Peso 0.002071 482.80
New Zealand Dollar 0.8083 1.2371
Required:
a.
a. If you have $280, how many Polish zlotys can you get?
b. How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.)
c. If you have 4.60 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
d. Which is worth more, a New Zealand dollar or a Singapore dollar?
Answer:
A. Z936.77
B. 1.2379
C.$5,694,340
D.New Zealand dollar
Explanation:
a. Calculation to determine how many Polish zlotys can you get
Numbers of polish=$280(Z3.3456/$1)
Numbers of polish =Z936.77
Therefore the numbers of Polish zlotys that you can get is Z936.77
B. Based on the information given the worth of one euro in U.S. dollars is 1.2379
C. Calculation to determine how many dollars do you have
Dollars amount=€4,600,000($1.2379/€)
Dollars amount=$5,694,340
Therefore The amount of dollars you have is $5,694,340
D. Based on the information given NEW ZEALAND DOLLAR is worth more.
Emily buys only ice cream and chocolate and spends all of her income on the two items. Suppose the price of ice cream rises. Emily adjusts her optimal consumption bundle such that Emily now buys less ice cream and more chocolate at her new consumer equilibrium. According to marginal utility theory:_________
a. The substitution effect must have been bigger than the income effect since we observe Emily buying more chocolate.
b. The substitution effect must have been bigger than the income effect since we observe Emily buying less ice cream.
с. The income effect must have been bigger than the substitution effect since we observe Emily buying more chocolate.
d. The income effect must have been bigger than the substitution effect since we observe Emily buying less ice cream.
Answer:
d. The income effect must have been bigger than the substitution effect since we observe Emily buying less ice cream.
Explanation:
Since in the given situation it is mentioned that the ice cream is increased and she adjust her optimal consumption so that she purchased less ice cream and more chocolate so here the income effect would be high as compared with the subsitution effect as the high price of the ice cream decrease the real income with the actual income left and it would lead to purchase less
The stock/requirements list displays:___.
A. Changes in the planning situation since MRP was run.
B. MRP elements at an aggregation level.
C. All MRP elements for a material.
D. Required materials per production version.
E. All materials needed per MRP element.
Answer:
E. All materials needed per MRP element.
Explanation:
Stock Requirement List is known to be a dynamic list that shows the current status of requirement and sources for that materials. It has been arranged in such a way that any changes in the procurements or needs would be displayed in the list. it is dynamic as it is updated each time it is displayed.
The stock/requirements list displays All materials needed per MRP element
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Answer:
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A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices.
List Bond Equivalent Annual Effective annual
bond prices Yield to maturity Yield to maturity
a $940 % %
b $1,000 % %
c $1,040 % %
Answer:
A. Bond equivalent 10.82%
Effective annual yield to maturity of the bond 11.11%
B. Bond equivalent 10%
Effective annual yield to maturity of the bond 10.25%
C. Bond equivalent 9.49%
Effective annual yield to maturity of the bond 9.73%
Explanation:
A. Calculation to Find the bond equivalent
We would determine the yield to maturity on a semi-annual basis using Financial Calculator which is:
N = 10*2 = 30
PV = -940
PMT = [10%/2]*1000 = 50
FV = 1000
Press CPT, then I/Y, which gives us 5.41%
Bond equivalent yield to maturity=5.41% × 2
Bond equivalent yield to maturity= 10.82%
Calculation to determine the Effective Annual Yield To Maturity of the bond
Effective annual yield to maturity = (1+.0541)^2– 1
Effective annual yield to maturity = (1.0541)^2– 1
Effective annual yield to maturity =1.1111 – 1
Effective annual yield to maturity = 0.1111 *100
Effective annual yield to maturity = 11.11%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 10.82%
Effective annual yield to maturity of the bond 11.11%
b. Calculation to determine the bond equivalent
Based on the information given the bond is selling at par which therefore means that the yield to maturity on a semi annual basis will be the same as the semi annual coupon 5%.
Bond equivalent yield to maturity =5%*2
Bond equivalent yield to maturity= 10%.
Calculation to determine Effective annual yield to maturity
Effective annual yield to maturity = (1+.05)^2– 1
Effective annual yield to maturity = (1.05)^2– 1
Effective annual yield to maturity=1.1025-1
Effective annual yield to maturity=.1025*100
Effective annual yield to maturity =10.25%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 10%
Effective annual yield to maturity of the bond 10.25%
c.Calculation to determine the bond equivalent
N = 10*2 = 30
PV = -1,040
PMT = [10%/2]*1000 = 50
FV = 1000
Bond equivalent yield to maturity=9.49%, or 4.75% on a semi-annual basis.
Calculation to determine the Effective Annual Yield To Maturity of the bond
Effective annual yield to maturity = (1+.0475)^2– 1
Effective annual yield to maturity = (1.0475)^2– 1
Effective annual yield to maturity =1.0973– 1
Effective annual yield to maturity = 0.0973*100
Effective annual yield to maturity = 9.73%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 9.49%
Effective annual yield to maturity of the bond 9.73%