The other dimension to the process of globalization is increased modes of interconnectedness via various forms of media and technologies. The process of globalization has two main dimensions, the first one being the compression of time-space, which refers to the time it takes for people, information and goods to travel long distances.
The second dimension is increased modes of interconnectedness via various forms of media and technologies. Increased modes of interconnectedness via various forms of media and technologies can be associated with the dissemination of information globally.
Various social media platforms and technologies have enabled the creation of a connected and globalized community where the flow of information is no longer limited by physical boundaries. The answer to the second question is D)
There was largely no change to American culture, with business and life continuing just as it did before events on that day.
The terrorist attacks on September 11, 2001, had far-reaching consequences such as lower Manhattan's famous skyline being changed forever, Americans feeling less secure, and the US and Coalition Forces fighting to remove the Taliban in Afghanistan.
However, the statement "Americans would feel more connected to the world" was not a consequence of the terrorist attacks.
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(o) Complete the following table (still using the rame utility function): (f) Using the following blank graph, plot the bundles from the table in purt (c). (g) What is the equation for the indifference curve where U=4 ? (h) Add this indifference curve to your graph from part (f).
(a) Bundle X Y MUx MUy MRS A 10 0 100 0 - B 8 2 80 40 -2 C 6 4 60 60 -2 D 4 6 40 90 -2 E 2 8 20 100 -2 F 0 10 0 110 -2
(b) The slope of the indifference curve at each point gives the MRS of X for Y at that point. By comparing the MRS to the price ratio of the two goods, the optimal bundle can be determined. The MRS of X for Y is given by the following formula:MRS = MUx/MUyThe following table shows the MRS at each bundle point in (a).Bundle MRS (X,Y)A - B 1/2C 3/4D 4/5E 1F - For example, the MRS at bundle C is MUx/MUy = 60/80 = 3/4. This is the slope of the indifference curve at point C.
(c) To graph the indifference curve at each point, use the MRS from (b) as the slope of the line connecting that point to the origin. For example, to graph the indifference curve through point C, draw the line with slope 3/4 passing through point C and the origin. Repeat this for each bundle in (a) to graph the indifference curves. The resulting graph should look like this:(g) To find the equation for the indifference curve where U = 4, use the utility function:U = X^2YSetting U = 4 yields:4 = X^2YRearranging, we get:Y = 4/X^2
This is the equation for the indifference curve where U = 4. To graph it, plot the points that satisfy this equation. For example, when X = 1, Y = 4. When X = 2, Y = 1. When X = 4, Y = 1/4. Plotting these points and connecting them with a smooth curve yields the indifference curve where U = 4.(h) To add this indifference curve to the graph from part (f), plot the points on the curve found in (g) and connect them with a smooth curve. The resulting graph should look like this:
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Omar's brokerage account has 275 shares of Stock X with $52 per share and 240 shares of Stock Y with $23 per share. The portfolio weight of Stock X is • .7816 • .8117 • .2785 • .2387 • .7215
A portfolio weight is the percentage of a portfolio's holdings represented by a particular security.
The portfolio weight of Stock X is calculated as follows:
Total value of Stock X = 275 x $52 = $14,300
Total value of Stock Y = 240 x $23 = $5,520
Total portfolio value = $14,300 + $5,520 = $19,820
Therefore, the portfolio weight of Stock X is:
Portfolio weight of Stock X = (Total value of Stock X / Total portfolio value) x 100%
Portfolio weight of Stock X = ($14,300 / $19,820) x 100%
Portfolio weight of Stock X = 72.15% or .7215 (rounded to four decimal places)
Therefore, the correct option is .7215.
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the accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. what form of processes do these represent? group of answer choices customer-facing processes business-facing processes industry-specific customer-facing processes all of the choices are correct
They represent business-facing processes. The methods and actions that allow a firm to communicate with its clients are known as business-facing processes. Thus, option B is correct.
From sales and marketing to customer service and support, it is customer-focused. These procedures frequently call either automation or manual method. Customer facing describes how a customer interacts with or perceives a feature of a commercial service. A client-facing solution, a crucial element of customer relationship management (CRM), is created to provide enjoyable user experiences across all customer touchpoints.
Customer-facing processes and business-facing processes are different in that customer-facing processes are those that customers see when transacting with a firm while business-facing processes cover all of the operational aspects of supplying an item or service.
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Your question seems to be incomplete, but most probably the complete question was:
The accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. what form of processes do these represent? group of answer choices
A. customer-facing processes
B. business-facing processes
C. industry-specific processes
D. customer-facing processes
E. all of the choices are correct
Identify 5 business-oriented ""thinkers (persons)"" and their key thoughts/ideas. Be sure to discuss: - Who is the person? - What business they are / were in? - Their key thoughts/ideas? - Why you have them on your list?
There have been many business-oriented thinkers whose ideas have revolutionized various industries. Below are the five business-oriented thinkers with their key ideas and why they are on this list.
1. Peter Drucker Peter Drucker was a famous management consultant, professor, and author. He is also known as the father of modern management theory. He came up with several ideas, including the concept of management by objectives, which focuses on setting goals to achieve organizational objectives.
2. W. Edwards Deming Deming was a statistician, professor, and author who contributed significantly to the development of quality control. His key idea was the importance of quality in business processes. He introduced the concept of Total Quality Management (TQM) to improve product quality. His ideas helped to transform the manufacturing industry in Japan and played a significant role in its economic growth.
3. Michael Porter Michael Porter is a Harvard Business School professor who is known for his work on competitive strategy. His key idea was the development of the Five Forces Framework, which is used to analyze the competitive environment in an industry.
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Crane Company purchases $1200 of equipment from Culver Inc. for cash. The effect on the components of the basic accounting equation of Crane Company is
O an increase in assets and liabilities.
O no change in total assets.
O a decrease in assets and liabilities
O an increase in assets and a decrease in liabilities.
The effect on the components of the basic accounting equation of Crane Company would be an increase in assets and a decrease in liabilities.
Option D is correct.
When Crane Company purchases $1200 of equipment from Culver Inc. for cash, the transaction has the following impact:
Assets: The purchase of equipment increases the company's assets. The value of the equipment, $1200, is added to the assets side of the accounting equation.
Liabilities: Since the purchase is made for cash, there is no involvement of liabilities. Liabilities are obligations or debts owed by the company, and this transaction does not generate any new liabilities.
Therefore, the effect on the basic accounting equation is an increase in assets and no change in liabilities, resulting in an increase in assets and a decrease in liabilities.
Incomplete question:
Crane Company purchases $1200 of equipment from Culver Inc. for cash. The effect on the components of the basic accounting equation of Crane Company is
A. an increase in assets and liabilities.
B. no change in total assets.
C. a decrease in assets and liabilities
D. an increase in assets and a decrease in liabilities.
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In addition to international mutual funds, critically discuss how investors can achieve international portfolio diversification "at home" from the perspective of dollar-based investors
Expert Answer
In addition to international mutual funds, dollar-based investors can achieve international portfolio diversification "at home" by investing in American Depository Receipts (ADRs), multinational corporations (MNCs), and exchange-traded funds (ETFs) that are focused on foreign markets.
ADRs are certificates issued by a US bank that represent ownership of a foreign company's stock and are traded on US exchanges. MNCs are companies that operate in multiple countries and generate revenue and profits from foreign operations. ETFs provide exposure to foreign markets by investing in a basket of stocks from a particular country or region. Investing in ADRs, MNCs, and ETFs can provide investors with exposure to foreign markets while avoiding the complications and risks associated with investing directly in foreign stocks. These investments also provide the benefits of diversification across sectors and industries within foreign markets, which can help reduce risk and increase returns.
However, investors should be aware that there are risks associated with investing in international markets, such as currency risk, political risk, and economic risk. Therefore, it is important to conduct thorough research and due diligence before making any investment decisions and to diversify across different asset classes and regions to manage risk. In conclusion, dollar-based investors can achieve international portfolio diversification "at home" by investing in ADRs, MNCs, and ETFs that provide exposure to foreign markets while minimizing the risks associated with investing directly in foreign stocks. It is important to be aware of the risks associated with investing in international markets and to diversify across different asset classes and regions to manage risk.
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Which of the following risks is not diversifiable? systematic risk non-systematic risk idiosyncratic risk total risk
Among the following risks, systematic risk is not diversifiable. Systematic risk is a type of market risk that is unpredictable and affects the overall market. It is associated with external factors such as fluctuations in interest rates, economic recessions, and political instability and it cannot be eliminated through diversification. Systematic risk is a type of risk that is unpredictable and affects the overall market.
It is associated with external factors such as fluctuations in interest rates, economic recessions, and political instability. Systematic risk is different from non-systematic risk because non-systematic risk affects specific companies or industries, whereas systematic risk is more general and affects the overall market. Because systematic risk is related to the market and external factors, it cannot be eliminated through diversification. Investors can reduce their exposure to systematic risk by investing in different types of assets such as bonds, commodities, and real estate. However, they cannot completely eliminate systematic risk. In contrast, non-systematic risk and idiosyncratic risk can be reduced through diversification. Idiosyncratic risk is specific to individual companies or industries and can be eliminated through diversification. Non-systematic risk is similar to idiosyncratic risk but affects multiple companies or industries. It can also be reduced through diversification. Total risk is the combination of systematic risk and non-systematic risk.
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tan Company purchased a large server for $ 38500.the Company paid 45.00%of the value as a down payment and received a loan for the balance at 5.25% compounded monthly. the loan has a term of 5 years and tan Company has to make month end payments to settle the loan.
1.what is the size of month end payments.
2. what was total amount paid to settle the loan?
3. calculate the total amount of interest paid throughout the term of the loans
Given: The tan Company purchased a large server for $ 38500. The Company paid 45.00% of the value as a down payment and received a loan for the balance at 5.25% compounded monthly.
The loan has a term of 5 years.
Solution:
Given: Cost of the server = $ 38500Down payment made by the company = 45.00% = 0.45
Balance payment to be made through the loan = $ 38500 - (0.45 * 38500) = $ 21175Principal amount = $ 21175Interest rate = 5.25% compounded monthly
Time period = 5 years = 5 * 12 = 60 months1.
Size of month-end payments:
In order to calculate the size of month-end payments, we have to first calculate the number of monthly payments required for the loan.
N = 60, i = (5.25/12)/100, P = 21175
Monthly payment amount = (P * i)/(1 - (1 + i)^(-N))= (21175 * (5.25/12)/100) / (1 - (1 + (5.25/12)/100)^(-60))= $ 406.29
Therefore, the size of month-end payments is $ 406.29 (approx).
2. Total amount paid to settle the loan:
The total amount paid to settle the loan is the sum of the down payment made by the company and the total amount of payments made at the end of the loan term.
Down payment = 0.45 * 38500 = $ 17325Total amount of payments made at the end of the loan term = $ 406.29 * 60 = $ 24377.40Therefore, the total amount paid to settle the loan = $ 17325 + $ 24377.40= $ 41702.40 (approx)
3. Total amount of interest paid throughout the term of the loan:
The total amount of interest paid throughout the term of the loan is the difference between the total amount paid to settle the loan and the principal amount.
Total interest paid = $ 41702.40 - $ 21175= $ 20527.40
Therefore, the total amount of interest paid throughout the term of the loan is $ 20527.40 (approx).
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Explain the proper accounting treatment of goodwill and
noncontrolling interest in business and nonprofit combinations.
Goodwill refers to the difference between the purchase price of a company and its book value. Goodwill is only recognized as an asset if it was acquired in a business combination. Noncontrolling interests refer to the portion of a subsidiary that is not owned by the parent company.
The treatment of goodwill and noncontrolling interest in business and nonprofit combinations varies depending on the nature of the combination.
The proper accounting treatment of goodwill and noncontrolling interest in business and nonprofit combinations includes the following:
Goodwill Business combinations:
If goodwill is acquired in a business combination, the company should initially recognize it at its acquisition cost. The goodwill amount is then tested for impairment at least annually. If the carrying amount of goodwill is less than the fair value, no impairment loss is recognized.
However, if the carrying amount of goodwill is more than the fair value, an impairment loss is recognized. Nonprofit combinations:
Nonprofit organizations are not allowed to recognize goodwill as an asset.
Noncontrolling interest Business combinations:
Noncontrolling interests should be recognized at their fair value at the acquisition date. Any difference between the fair value of noncontrolling interests and the acquisition cost should be recognized as goodwill.
Nonprofit combinations:
Nonprofit organizations may recognize noncontrolling interests in a nonprofit combination if the interests meet the definition of an asset or liability. The interests should be recognized at fair value if the fair value is reasonably determinable.
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Which statement best describes the main aim of accounting?
Select one:
A.
To ensure that the summary of assets balance with the summary of liabilities
B.
To provide useful financial information for decision making to a wide range of users
C.
To help entities balance their financial information
D.
To produce a trial balance
E.
To record every financial transaction individually
The statement that best describes the main aim of accounting is: To provide useful financial information for decision making to a wide range of users.
Accounting is a systematic process that entails collecting, classifying, and organizing financial data and transactions, preparing and presenting financial statements that demonstrate business performance, and disclosing this information to a wide range of users. Accounting is used to determine a company's financial position by examining its assets, liabilities, and equity. Liabilities are a business's obligations to its creditors and are divided into current liabilities, which must be paid within a year, and long-term liabilities, which can be paid over a longer period of time.What is financial?Financial refers to the monetary aspects of a company's business activities, such as transactions, investments, and the flow of money in and out of a business.Liabilities are an essential component of the balance sheet. Liabilities are obligations or debts that a business owes to outside parties, which include bank loans, mortgages, notes payable, accounts payable, and accrued expenses.
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Which of the following is the next logical step in Autumn's budget? Decide how much Autumn should save each year Estimate her income for the year List all of her fixed expenses for the year Determine what is included in miscellaneous expenses
The next logical step in Autumn's budget would be to determine what is included in miscellaneous expenses.
Before deciding how much Autumn should save each year or estimating her income for the year, it is important to have a clear understanding of what constitutes miscellaneous expenses. Miscellaneous expenses typically include irregular or variable expenses that do not fit into specific categories, such as unexpected medical expenses, home repairs, gifts, or entertainment.
By listing all of her fixed expenses for the year, Autumn will have a clear picture of her regular financial obligations, such as rent or mortgage payments, utilities, insurance premiums, loan payments, and other recurring expenses. This step helps establish a baseline for her budget.
Once fixed expenses are identified, Autumn can then move on to determining what is included in miscellaneous expenses. This involves reviewing past spending patterns, identifying potential irregular expenses, and estimating their total amount for the year.
With a comprehensive understanding of both fixed and miscellaneous expenses, Autumn can make informed decisions about how much she should save each year and estimate her income accordingly. Budgeting for savings becomes more feasible after accounting for essential expenses and miscellaneous items that may require financial allocation.
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Which entity maintains the official national registry of state-certified and licensed appraisers?
a) Appraisal Subcommittee (ASC)
b) Appraisal Standards Board (ASB)
c) Appraiser Qualifications Board (AQB)
d) The Appraisal Foundation (TAF)
The entity that maintains the official national registry of state-certified and licensed appraisers is the Appraisal Subcommittee (ASC).
ASC stands for Appraisal Subcommittee which is a federal agency that was created as part of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, to oversee the appraisal regulatory process. The ASC monitors the State appraisal regulatory programs to ensure that they follow the regulations that have been established for appraiser qualifications, certifications, licensing, and renewal processes. The ASC maintains the official national registry of State-certified and licensed appraisers.
The Appraisal Subcommittee is responsible for overseeing the state appraisal boards in the United States and is authorized to perform audits and reviews to ensure that the states are following the minimum appraisal standards as established by The Appraisal Foundation (TAF).
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Businesses that are corporations (including C-corps, S-corps, LLCs, and LLPs) must register in the state or states where they conduct business. Many states have punitive or punishing incorporation rules like California, charging businesses of any size $800 annually just to exist. Other states like Nevada and Delaware will incorporate any business anywhere in the US and charge little to no fees. The laws of Nevada and Delaware regarding businesses have long been recognized by other state entities. The incentive to do business with these states is strong because the regulatory and fiscal environment is much friendlier than states like California, which is one of the worst states to do business in.
What about multinational corporations, like Apple, who offshore their entire legal structure to countries with little to no tax liabilities?
Check out this article about Apple (https://www.irishtimes.com/business/apple-s-cash-mountain-how-it-avoids-tax-and-the-irish-link-1.3281734.) and their move from Ireland to the island of Jersey- not New Jersey the state, Jersey is a tiny island in the English Channel with incredibly favorable tax laws.
Do you think that Apple, Inc. should be incorporated in California where they are "headquartered?" If so, justify why you think so considering California is not a business friendly state. If not, explain why states should allow companies like Apple to conduct business in their state without being legally registered. Whichever position you take, please provide your rationale.
Expectations:
Your first response should be a minimum of 100 words
Multinational corporations, such as Apple, that offshore their entire legal structure to countries with little to no tax liabilities do not need to register in the state where they conduct business. However, this raises the question of whether Apple, Inc. should be incorporated in California, where they are headquartered, considering that California is not a business-friendly state.
In my opinion, Apple should be incorporated in California, where they are headquartered, despite the state's unfavorable business environment. This is because Apple, as a multinational corporation, benefits from California's infrastructure and resources, such as Silicon Valley's tech talent pool, which is critical to Apple's success in the tech industry. Furthermore, as a corporation, Apple is obligated to pay taxes in the United States and should contribute to the state where they are headquartered, even if that state has high taxes and a poor business environment.
However, if states allow companies like Apple to conduct business in their state without being legally registered, it sets a dangerous precedent that allows corporations to avoid their legal and financial responsibilities. States should require all corporations, regardless of size or revenue, to register and pay taxes in the state where they conduct business. This ensures that corporations contribute to the communities and states where they operate, and also prevents them from taking advantage of more favorable tax laws in other countries or states.
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An asset having a cost of $70,000 and accumulated depreciation of $20,000 is revalued to $90,000 at the beginning of the current year. Depreciation for the year is based on the revalued amount and the remaining useful life of six years. Required: Prepare journal entries to reflect the revaluation of the asset and the subsequent depreciation of the revalued asset.
Revaluation Journal Entry:
Debit: Asset Cost ($70,000)
Credit: Accumulated Depreciation ($20,000) and Revaluation Surplus ($20,000)
Depreciation Journal Entry:
Debit: Depreciation Expense ($10,000)
Credit: Accumulated Depreciation ($10,000)
The journal entries for the revaluation of the asset and the subsequent depreciation of the revalued asset :
Part 1: Revaluation Journal Entry
The revaluation of the asset will result in the creation of a revaluation reserve account. The asset's original cost was $70,000, but it was revalued to $90,000 at the beginning of the current year. Therefore, the revaluation reserve account will be credited with $20,000 (90,000 – 70,000).
Revaluation Journal Entry:
Account Titles Debit Credit
Asset Cost $70,000
Accumulated Depreciation $20,000
Revaluation Surplus $20,000
Asset Cost $90,000
Part 2: Depreciation Journal Entry
The depreciation expense for the year will be computed on the basis of the revalued amount ($90,000) and the remaining useful life of six years. The depreciation expense will be $10,000 per year ($90,000/6).
Depreciation Journal Entry:
Account Titles Debit Credit
Depreciation Expense $10,000
Accumulated Depreciation $10,000
Total $10,000 $10,000
In summary, the journal entries for the revaluation and subsequent depreciation are as follows:
Revaluation Journal Entry:
- Asset cost: $70,000
- Accumulated depreciation: $20,000
- Revaluation surplus: $20,000
Account Titles Debit Credit
Asset Cost $70,000
Accumulated Depreciation $20,000
Revaluation Surplus $20,000
Asset Cost $90,000
Depreciation Journal Entry:
- Depreciation expense: $10,000
- Accumulated depreciation: $10,000
Account Titles Debit Credit
Depreciation Expense $10,000
Accumulated Depreciation $10,000
Total $10,000 $10,000
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TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $41,500.
Please make final answers clear
1.
What is the breakeven quantity?
Please specify your answer as an integer.
2.
What is the breakeven revenue?
Please specify your answer as an integer.
Breakeven quantity = 20752. and Breakeven revenue = $207500.
Given, selling price of the product = $100
Marginal cost per unit = $80
Fixed costs = $41,500
To find: Breakeven quantity and breakeven revenue
Formula used: Breakeven quantity = Fixed costs / Contribution margin
Contribution margin = Selling price - Marginal cost
Breakeven revenue = Breakeven quantity * Selling price
Contribution margin = Selling price - Marginal cos
t= $100 - $80
= $20
Breakeven quantity = Fixed costs / Contribution margin
= $41,500 / $20
= 2075 units
Therefore, the breakeven quantity is 2075 units
Breakeven revenue = Breakeven quantity * Selling price
= 2075 units * $100
= $207500
Therefore, the breakeven revenue is $207500.
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Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,700 when the price is $4.19 each but that the demand is 3,500 when the price is $3.95 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity
This is the equation for the linear demand function of framing studs.
To write the demand function equation, we can use the point-slope form of a linear equation, which is:
(q - q₁) = m(p - p₁)
Where:
q = Quantity demanded
p = Price
(q₁, p₁) = Given point on the demand curve
Given that the demand for framing studs is 2,700 when the price is $4.19 each (q₁ = 2700, p₁ = 4.19) and the demand is 3,500 when the price is $3.95 each (q₂ = 3500, p₂ = 3.95), we can substitute these values into the equation:
(q - 2700) = m(p - 4.19)
Now we can calculate the slope (m) using the two points:
m = (q₂ - q₁) / (p₂ - p₁)
= (3500 - 2700) / (3.95 - 4.19)
= 800 / (-0.24)
= -3333.33 (approximately)
Substituting the slope and one of the points back into the equation, we have:
(q - 2700) = -3333.33(p - 4.19)
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a statistic related to the sample size of a survey that suggests the numerical degree to which the survey may or may not reflect the actual opinions of the broader public is the
The statistic that relates to the sample size of a survey that suggests the numerical degree to which the survey may or may not reflect the actual opinions of the broader public is the margin of error.
The sample size is a measure of the total number of people who participate in a survey.
A sample size of 1,000 or more is generally sufficient to achieve a margin of error of plus or minus three percentage points,
which is often the desired level of accuracy for public opinion polls.
The margin of error (MOE) is the difference between the sample mean (or proportion) and the population mean (or proportion) in statistical inference.
The MOE gives us an idea of how much confidence we have in our results,
and it helps us to determine the validity of our conclusions.
A high margin of error indicates that the survey is less reliable and that the results are more likely to be inaccurate.
A margin of error of plus or minus 3% is a common standard for political polls.
For example,
if a political poll shows that 50% of the electorate supports a particular candidate,
the margin of error is plus or minus 3%,
which means that the true level of support for the candidate is likely to be between 47% and 53%.
the margin of error is a crucial statistic that provides us with an idea of how well the sample represents the population and how confident we can be in our results.
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Industrial Revolution technologies post-COVID- 19 The COVID-19 pandemic resulted in changes in South Africa's private sector as well. 4 th Industrial Revolution technologies are being implemented to varying degrees depending on the firms' capabilities. Those that could not deploy these technologies have either shut down or had to close temporarily. Although digitization and automation already began developing during the Third Industrial Revolution, we are now witnessing an increasing integration of such technologies in how we work and live. Source: (https://www.unido.org/stories/south- africas-capacity-deploy-fourth-industrial- revolution-technologies-post-covid- 19#: :text=The%204IR%20technologies%20that%20sav Question: 2.1 As the world moved from the first to the fourth (current) Industrial Revolution, various factors influenced organisations to change. List any five of these factors and describe how they caused organisations to adapt. ( 5×3=15 marks) You are the Minister of environmental Affairs of the Republic of South Africa. You've just been invited to talk to the final year students of EBAD411 at NMU's main campus about the topic and ministerial environmental portfolio. As part of your brief you were asked to name and define each of the elements of sustainable development. [6] QUESTION 1.2 Greta Thunberg and climate change are synonymous topics for a very specific reason. Briefly discuss who she is, how she became relevant in the context of this course and what she stands for? [3]
2.1 Factors that influenced organisations to change from first to fourth Industrial Revolution are:Industrialization - The first factor was the industrialization of Europe in the late 18th and early 19th centuries. The factory system, powered by steam engines, increased productivity and revolutionized transportation.
Companies have access to a wider market and resources.Automation - The fourth factor is automation. Automation refers to the use of machines or robots to perform tasks that were previously performed by people. Automation has resulted in increased productivity, reduced costs, and improved quality.Internet - The fifth factor is the internet, which has revolutionized communication and information-sharing, and transformed the way people work and live.QUESTION 1.2Greta Thunberg is a Swedish environmental activist who became well-known for her efforts to address climate change.
She rose to prominence in 2018 when she began a school strike for climate outside the Swedish Parliament. Since then, she has spoken at numerous events and rallies around the world to raise awareness about the need to take action on climate change.Thunberg became relevant to this course because she has been a prominent voice in the global conversation on climate change, and her activism has inspired many young people around the world to take action on environmental issues. She stands for urgent action to address climate change and has called on leaders around the world to take more decisive action to reduce greenhouse gas emissions and protect the planet.
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Use the following information to calculate cash received from dividends:
Dividends revenue $38,300
Dividends receivable, January 1 4,300
Dividends receivable, December 31 6,800
A. $42,600.
B. $40,800.
C. $38,300.
D. $31,500.
E. $35,800.
The correct answer is B. $40,800.
To calculate cash received from dividends, we need to consider the dividends revenue and the changes in dividends receivable throughout the year.
Dividends revenue: $38,300
Dividends receivable, January 1: $4,300
Dividends receivable, December 31: $6,800
To find the cash received from dividends, we need to determine the net change in dividends receivable. This can be calculated by subtracting the dividends receivable at the beginning of the year (January 1) from the dividends receivable at the end of the year (December 31).
Net change in dividends receivable = Dividends receivable, December 31 - Dividends receivable, January 1
Net change in dividends receivable = $6,800 - $4,300
Net change in dividends receivable = $2,500
Now, we can calculate the cash received from dividends by adding the net change in dividends receivable to the dividends revenue.
Cash received from dividends = Dividends revenue + Net change in dividends receivable
Cash received from dividends = $38,300 + $2,500
Cash received from dividends = $40,800
Therefore, the correct answer is B. $40,800.
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True or False the opportunity cost of staying in college for a star
male basketball player is much lower than for a star female True
False
The statement "True or False the opportunity cost of staying in college for a star male basketball player is much lower than for a star female" is false. The opportunity cost of staying in college for a star male basketball player is not much lower than for a star female.
This is because both the male and female basketball players have an equal opportunity cost of staying in college.The opportunity cost is the value of the next best alternative that one foregoes in order to pursue a certain action. For instance, if a star male basketball player decides to stay in college, he will not be able to sign a contract with the NBA.
The opportunity cost of staying in college is the value that he would have got by signing the contract with the NBA. The same opportunity cost applies to a female basketball player if she decides to stay in college. She would miss the opportunity to sign a contract with the WNBA.
The opportunity cost is dependent on the decision of the individual. Therefore, it is not true that the opportunity cost of staying in college for a star male basketball player is much lower than for a star female. Both genders have the same opportunity cost of staying in college.
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Which of the following is true regarding the relationship between total variable cost (TVC) and marginal cost (MC)? A. The marginal cost curve is equal to the slope of the total variable cost curve. B. Since the total variable cost curve is always upward sloping, the marginal cost curve must always be upward sloping. C. Marginal cost is given by the equation: MC=△TVC×△q. D. The total variable cost and marginal cost curves are unrelated
Marginal cost (MC) and total variable cost (TVC) are directly related. Option A: The marginal cost curve is equal to the slope of the total variable cost curve is true regarding the relationship between total variable cost (TVC) and marginal cost (MC).
More than 100 words explanation: The marginal cost of a product is the cost of producing one more unit of the product. The cost of producing an additional unit is compared to the cost of producing the prior unit to calculate the marginal cost. The total cost of producing a specific amount of a product is known as the total variable cost. As the number of units produced rises, the total variable cost curve increases.
The MC curve is similar to the TVC curve in this regard. Both MC and TVC are determined by the firm's output levels. Marginal cost and variable cost both rise as output increases, according to the laws of supply and demand. The total cost curve is derived by adding fixed and variable costs.
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Banana company has the following financial data: the number of shares outstanding =1,500; par value =3; paid-in capital in excess of par= 4.000, then the price at the time of issuance is: Select one: a. $3.0 b. $3.67 c. $2.67 d. $5.67
The price at the time of issuance is $8,500, which means the correct option is not provided in the question.
Banana Company has the following financial data: the number of shares outstanding = 1,500;
par value = $3; paid-in capital in excess of par = $4,000.
The price at the time of issuance can be calculated as follows:
Price = (Par Value x Number of Shares Outstanding) + Paid-in Capital in Excess of ParPrice
[tex]= ($3 x 1,500) + $4,000[/tex]
[tex]Price = $4,500 + $4,000\\Price = $8,500\\[/tex]
Therefore, the price at the time of issuance is $8,500, which means the correct option is not provided in the question.
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The last four years of returns for a share are as follows: a. What is the average annual return? b. What is the variance of the share's returns? c. What is the standard deviation of the share's returns? a. The average retum is b. The variance of the retuins in (Round to five docimar placent) c. The itandard deviation is
Part aThe calculation for the average annual return can be done by adding all the returns in the four years and then dividing the sum by four because there are four years. Therefore, Average annual return
[tex]= (0.05+0.08-0.12+0.06)/4= 0.07 / 4= 0.0175Part b.[/tex]
The calculation for the variance of the returns of the share can be done using the formula for the variance which is given as follows:Variance= Sum of (Returns- Mean of returns)^2/ Number of returns , Variance=[tex]((0.05-0.0175)^2+(0.08-0.0175)^2+(-0.12-0.0175)^2+(0.06-0.0175)^2)/4= 0.006279 / 4= 0.00156975[/tex]The variance of the share's returns is 0.00157 (rounded to 5 decimal places).Part c. The calculation for the standard deviation of the share's returns can be done by finding the square root of the variance, Standard deviation= [tex]√(0.00157)= 0.0396[/tex]The standard deviation of the share's returns is 0.0396.
More than 100 words: Average annual return is the amount of money an investment earns on an annual basis, divided by the number of years the investment is held. It can also be calculated by finding the mean of all the annual returns for the period under consideration. The variance of the returns of the share is the square of the standard deviation. It measures how far apart the returns are from the mean return. The variance can be used to identify the risk associated with an investment.
A high variance indicates a higher risk, while a low variance indicates a lower risk.The standard deviation of the returns of the share is a measure of the amount of risk associated with an investment. It is calculated by finding the square root of the variance. A high standard deviation indicates a higher risk, while a low standard deviation indicates a lower risk. The standard deviation can also be used to measure the volatility of an investment.
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the beasley corporation has just paid an annual dividend of $1.75 per share. if the required rate of return is 12.3 percent per year and dividends are expected to grow indefinitely at a constant rate of 9.2 percent per year, the intrinsic value of beasley corporation stock is closest to: A. $15.54
B. $56.45
C. $61.65
The intrinsic value of Beasley Corporation stock is closest to $61.65.To calculate the intrinsic value of a stock using the dividend growth model, we need to use the formula:
Intrinsic Value = Dividend / (Required Rate of Return - Dividend Growth Rate)In this case, the dividend is $1.75 per share, the required rate of return is 12.3% per year, and the dividend growth rate is 9.2% per year. Let's plug these values into the formula: Intrinsic Value = $1.75 / (0.123 - 0.092)Simplifying the equation:Intrinsic Value = $1.75 / 0.031 Calculating:Intrinsic Value = $56.45Therefore, the intrinsic value of Beasley Corporation stock is closest to $56.45.
To calculate the intrinsic value of a stock, we can use the dividend growth model. This model takes into account the current dividend, the expected growth rate of the dividends, and the required rate of return.Therefore, the correct answer is B. $56.45.
In this case, the Beasley Corporation has just paid an annual dividend of $1.75 per share. The required rate of return is 12.3% per year, and the dividends are expected to grow indefinitely at a constant rate of 9.2% per year.The formula for calculating the intrinsic value of a stock using the dividend growth model is:Intrinsic Value = Dividend / (Required Rate of Return - Dividend Growth Rate) Plugging in the values for this case, we have:Intrinsic Value = $1.75 / (0.123 - 0.092)
Simplifying the equation, we get:Intrinsic Value = $1.75 / 0.031Calculating this, we find that the intrinsic value of Beasley Corporation stock is closest to $56.45.
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The board of directors declared cash dividends totaling $175,800 during the current year. The comparative balance sheet indicates dividends payable of $40,400 at the beginning of the year and $36,400 at the end of the year.
What was the amount of cash payments to stockholders during the year?
The amount of cash payments to stockholders can be calculated by taking the dividends payable at the beginning of the year, subtracting the dividends payable at the end of the year, and adding the dividends declared during the year.
The amount of cash payments to stockholders during the year can be calculated as follows:
Amount of cash payments to stockholders =
Dividends payable at the beginning of the year - Dividends payable at the end of the year + Dividends declared during the year
Substituting the given values:
Amount of cash payments to stockholders = $40,400 - $36,400 + $175,800
= $179,800
Therefore, the amount of cash payments to stockholders during the year was $179,800.
This can be explained as follows:
Cash dividends are paid to stockholders by a company when it has generated sufficient profits and it wants to distribute those profits to its investors.
In this case, the board of directors declared cash dividends totaling $175,800 during the current year.
The comparative balance sheet indicates dividends payable of $40,400 at the beginning of the year and $36,400 at the end of the year.
Therefore, the amount of cash payments to stockholders during the year was
$179,800 ($40,400 - $36,400 + $175,800).
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Gerisch Consolidated sold 21,150 units of its only product last period. It had budgeted sales of 24,300 units based on an expected market share of 25 percent. The sales activity variance for the period is $340,200 U. The industry volume variance was $194,400 U.
Required:
a. What is the budgeted contribution margin per unit for the product?
b. What is the actual industry volume? c. What was the actual market share for Gerisch?
Note: Round your answer to 1 decimal place (i.e. .123 as 12.3). d. What is the market share variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
a. Contribution margin
per unit
b. Actual industry volume
units
c. Actual market share.
%
d. Market share variance
a) Budgeted contribution margin per unit The formula for contribution margin is: Contribution margin = Sales – Variable cost Therefore, budgeted contribution margin per unit = (Budgeted sales * Contribution margin ratio) / Budgeted sales Budgeted sales = 24,300 units Contribution margin ratio = (Contribution margin / Sales) = 35% (Given)Budgeted.
contribution margin per unit = (24,300 * 0.35) / 24,300 = $10.50b) Actual industry volume Actual sales = 21,150 units Industry volume variance = Sales - Industry volume Standard industry volume = Sales / Market share Therefore, industry volume variance = Sales - (Sales / Market share)Sales = 21,150 .
units Market share = 24,300 units / 0.25 = 97,200 units Standard industry volume = 97,200 units / 0.25 = 38,880 units Industry volume variance = 21,150 - 38,880 = ($17,730) Uc) Actual market share Actual market share = Actual sales /
Actual industry volume = 21,150 / 38,880 = 54.4%d) Market share variance Market share variance = (Actual market share - Budgeted market share)
Budgeted industry volume Market share variance = (54.4 - 25) * 24,300 = $633,120 U
Therefore, the answers are: a. $10.50 per unit b. 21,150 units c. 54.4%d. $633,120 U (unfavorable)
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French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program. The project is expected to take one year, and the parties have agreed to a tentative price of $60,000. French Corporation has proposed payment of one-half of the fee now, with the remainder paid in one year when the project is complete. Use Appendix A and Appendix B.
a. If Leslie expects her marginal tax rate to be 24 percent this year and 35 percent next year, calculate the after-tax net present value of this contract to Leslie, using a 6 percent discount rate.
b. French Corporation expects its marginal tax rate to be 21 percent both years. Calculate the net present value of French’s after-tax cost to enter into this contract using a 6 percent discount rate.
c-1. Given that Leslie expects her tax rate to increase next year, she would prefer to receive more of the income from the project up front. Consider an alternative proposal under which French pays Leslie $42,000 this year, and $16,000 in one year when the contract is complete. Calculate the after-tax benefit of this counterproposal to Leslie and the after-tax cost to French.
c-2. Are both parties better off under this alternative than under the original plan?
Providing her with a higher benefit. French Corporation's after-tax net present value also increases from $43,472.96 to $43,048.51, resulting in a lower cost
a. To calculate the after-tax net present value of the contract for Leslie, we need to consider the present value of the cash flows she will receive and apply the appropriate tax rates. The cash flows are $30,000 now and $30,000 in one year. Using a 6 percent discount rate, the present value of these cash flows is calculated as follows:
PV1 = $30,000 / (1 + 0.06) = $28,301.89
PV2 = $30,000 / (1 + 0.06)^2 = $26,744.68
The after-tax net present value for this year is ($28,301.89 - ($28,301.89 * 0.24)) = $21,513.52. For next year, it is ($26,744.68 - ($26,744.68 * 0.35)) = $17,381.35. The total after-tax net present value is the sum of these values:
Total after-tax NPV = $21,513.52 + $17,381.35 = $38,894.87
b. To calculate the net present value of French Corporation's after-tax cost, we consider the present value of the cash outflows, taking into account the tax rate. The cash flows are $30,000 now and $30,000 in one year. Using a 6 percent discount rate, the present value of these cash flows is:
PV1 = $30,000 / (1 + 0.06) = $28,301.89
PV2 = $30,000 / (1 + 0.06)^2 = $26,744.68
The net present value for this year is ($28,301.89 - ($28,301.89 * 0.21)) = $22,367.51. For next year, it is ($26,744.68 - ($26,744.68 * 0.21)) = $21,105.45. The total after-tax net present value is the sum of these values:
Total after-tax NPV = $22,367.51 + $21,105.45 = $43,472.96
c-1. Under the alternative proposal, Leslie would receive $42,000 this year and $16,000 in one year. Calculating the after-tax net present value for Leslie using the same discount rate of 6 percent:
PV1 = $42,000 / (1 + 0.06) = $39,622.64
PV2 = $16,000 / (1 + 0.06)^2 = $14,982.15
The after-tax net present value for this year is ($39,622.64 - ($39,622.64 * 0.24)) = $30,042.22. For next year, it is ($14,982.15 - ($14,982.15 * 0.35)) = $9,739.79. The total after-tax net present value is the sum of these values:
Total after-tax NPV = $30,042.22 + $9,739.79 = $39,782.01
The after-tax cost to French Corporation under this counterproposal can be calculated using the same discount rate:
PV1 = $42,000 / (1 + 0.06) = $39,622.64
PV2 = $16,000 / (1 + 0.06)^2 = $14,982.15
The after-tax net present value for this year is ($39,622.64 - ($39,622.64 * 0.21))
= $31,232.25. For next year, it is ($14,982.15 - ($14,982.15 * 0.21)) = $11,816.26. The total after-tax net present value is the sum of these values:
Total after-tax NPV = $31,232.25 + $11,816.26 = $43,048.51
c-2. Both parties are better off under the alternative proposal than under the original plan. Leslie's after-tax net present value increases from $38,894.87 to $39,782.01, providing her with a higher benefit. French Corporation's after-tax net present value also increases from $43,472.96 to $43,048.51, resulting in a lower cost. Therefore, the alternative proposal benefits both parties by providing a more favorable after-tax outcome.
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Briefly explain what is meant by ‘elastic demand’ and ‘inelastic demand’. Provide an example for each.
Elastic demand and inelastic demand are two economic concepts that determine how a change in the price of a product affects the quantity of the product demanded by customers. Inelastic demand refers to a situation where changes in price have little impact on the demand for a product
Elastic demand refers to a situation where the demand for a product is highly sensitive to changes in price.
A small change in price can lead to a significant change in the quantity of the product demanded. Elastic demand can occur when a product has many substitutes or when it is a luxury item that can be delayed or avoided.For example, if the price of a particular brand of smartphone increases, consumers may choose to purchase a cheaper smartphone from another brand. Similarly, if the price of a luxury car increases, people may decide to postpone buying it, which would result in a decline in the demand for it.Inelastic demand refers to a situation where the demand for a product is not significantly affected by changes in price.
This situation typically arises when there are few or no substitutes available for the product. For example, if the price of insulin, which is essential for people with diabetes, increases, people with diabetes will continue to purchase it regardless of the price, since they require it to manage their health.Know more about the Elastic demand
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What are an auditor's documentation requirements concerning an entity's internal
control system and the assessed level of control risk?
An auditor's documentation requirements regarding an entity's internal control system and assessed level of control risk include documenting the understanding of the system and the evaluation of its effectiveness.
In more detail, the auditor is responsible for assessing and documenting the entity's internal control system. This involves understanding the design and implementation of the controls, evaluating their effectiveness, and assessing the level of control risk. The auditor needs to document their understanding of the system by preparing narratives, flowcharts, or other forms of documentation. Additionally, the auditor must document their assessment of the level of control risk. This includes evaluating the likelihood and potential impact of control deficiencies on the financial statements. The documentation should include the auditor's judgments, findings, conclusions, and any recommendations for improvements. By documenting the entity's internal control system and the assessed level of control risk.
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1. Describe the U.S. role in the world economy.
2. How do differences in income levels and income distribution among nations affect international businesses?
3. What is a keiretsu?
4. Discuss the role of natural resources and agriculture in Africa's economy
The U.S. plays a significant role in the world economy. It is the largest economy in the world, with a GDP of $21.44 trillion in 2019, accounting for about 25% of the world's total GDP.
As a result, its economic policies have far-reaching implications for the rest of the world. The U.S. is also the world's largest importer and the second-largest exporter of goods. It is a member of several international organizations, such as the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank, which play a vital role in global economic governance.
Additionally, the U.S. dollar is the world's reserve currency, and many countries hold U.S. Treasury bonds as a safe haven asset.2. Differences in income levels and income distribution among nations affect international businesses in several ways. Firstly, countries with high-income levels tend to have a more significant demand.
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