6. A zero-coupon bond is called so because it does not pay interest during its lifetime, hence the bond holder will only realize a gain at maturity , A convertible bond is called so because it is a hybrid security that combines features of a bond and a stock 7. If the bond is trading at $1050, the yield to maturity is 9.06%.
6. A zero-coupon bond is called so because it does not pay interest during its lifetime, hence the bond holder will only realize a gain at maturity when the bond is sold to a new holder or redeemed by the issuer.if the bond is trading at a discount or premium, then the price will be less or more than $1000, respectively
A convertible bond is called so because it is a hybrid security that combines features of a bond and a stock. The bond holder has the option to convert the bond into a predetermined number of shares of the issuing company's common stock at a set conversion price.
7. Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures. The yield to maturity is considered a long-term bond yield, but is expressed as an annual rate. In order to calculate the yield to maturity on a bond, you need to have the bond's current market price, face value, coupon interest rate and time to maturity.
Using the information provided, the coupon rate is 10% and the term is 10 years.
Since the bond pays a semi-annual coupon, the total number of periods is 2 * 10 = 20. To calculate the yield to maturity, we need to determine the bond's current market price. If the bond is trading at par value, then the price is $1000. However, if the bond is trading at a discount or premium, then the price will be less or more than $1000, respectively.Once we have the market price, we can use a financial calculator or Excel to solve for the yield to maturity. For example, if the bond is trading at $950, the yield to maturity is 10.84%. If the bond is trading at $1050, the yield to maturity is 9.06%.
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Job Analysis
Do you have a job description of your current or previous job? Do you know who developed it, and how was it developed?
a customer service rep the job descriptionJob Design: The statements below signify either a top-down or bottom up job design scenario. Select the two top-down scenarios and leave the two bottom up scenarios blank. The click the check mark button to submit. Your boss thinks the processes in your department could be improved. She asks you and other employees in your department to come up with some ideas for streamlining them. Your boss is so pleased with your work that she asks you to train other employees. Your boss decides to install hands-free phone systems in all company vehicles. Your boss thinks your workload might be too heavy. She asks you to keep track of the time you spend daily on each of your activities.
Job descriptions are typically developed by human resource professionals or hiring managers in collaboration with relevant stakeholders.
They are created to outline the responsibilities, requirements, and expectations of a specific job role within an organization. Job descriptions are typically based on an analysis of the tasks, skills, and qualifications needed for the job.
In the given scenarios, the top-down job design scenarios would be:
Your boss decides to install hands-free phone systems in all company vehicles.
Your boss thinks your workload might be too heavy. She asks you to keep track of the time you spend daily on each of your activities.
In these scenarios, the decision and direction come from the boss or higher-level management, and employees are expected to follow the instructions or guidelines provided. Bottom-up scenarios, which are not provided in the options, would involve employees contributing ideas and suggestions to improve processes or taking initiatives to streamline tasks based on their own observations and expertise.
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is attempting to determine costs associated with various jobs. Current production records show the following information for three recent jobs Assume overhead application rates of $14 per machine hour for the Machining Department and 200% of direct labor costs for the Fabrication Department.
1. Overhead cost for Job A in Machining Department = 10 machine hours * $14 per machine hour. 2. Overhead cost for Job B in Fabrication Department = $500 direct labor costs * 200%.
To determine the costs associated with various jobs using the given information, we need additional details about the direct labor costs and machine hours for each job. Without that information, we cannot calculate the specific costs for the jobs.
1. Machining Department:
The overhead application rate is $14 per machine hour. To allocate overhead costs to a job in the Machining Department, you would multiply the number of machine hours used by the overhead application rate. Let's assume Job A required 10 machine hours in the Machining Department. The overhead cost allocated to Job A would be: Overhead cost for Job A in Machining Department = 10 machine hours * $14 per machine hour.
2. Fabrication Department:
The overhead application rate is 200% of direct labor costs. To allocate overhead costs to a job in the Fabrication Department, you would multiply the direct labor costs for the job by the overhead application rate. Let's assume Job B had direct labor costs of $500 in the Fabrication Department. The overhead cost allocated to Job B would be: Overhead cost for Job B in Fabrication Department = $500 direct labor costs * 200%.
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Problem 5-47 Amortizing Loans And Inflation (LO3) Suppose You Take Out A $106,000,20-Year Mortgage Loan To Buy A Condo. The Interest Rate On The Loan Is 6%. To Keep Things Simple, We Will Assume You Make Payments On The Loan Annually At The End Of Each Year. A. What Is Your Onnual Payment On The Loan? B. Construct A Mortgage Amortization. C. What Fraction Of
A. The annual payment on the loan is $9,048.15. B. Constructing a mortgage amortization table involves breaking down each annual payment into principal and interest portions.
C. Fraction = Principal paid / Total payment
A. To calculate the annual payment on the loan, we can use the formula for calculating the fixed payment on an amortizing loan. The formula is: P = (r * PV) / (1 - (1 + r)^(-n))
Where: P = annual payment , r = interest rate per period (in this case, 6% or 0.06) , PV = present value or loan amount ($106,000)
n = total number of periods (20 years or 20)
Plugging in the values, we get:
P = (0.06 * $106,000) / (1 - (1 + 0.06)^(-20))
=> P ≈ $9,048.15
B. Mortgage Amortization:
Year 1: Payment = $9,048.15; Principal paid = $4,876.11; Interest paid = $4,172.04; Remaining balance = $101,123.89.
Year 2: Payment = $9,048.15; Principal paid = $5,077.18; Interest paid = $3,970.97; Remaining balance = $96,046.71.
Year 20: Payment = $9,048.15; Principal paid = $8,978.80; Interest paid = $69.35; Remaining balance = $0.
C. In the 20th payment, the principal paid is $8,978.80, and the total payment is $9,048.15. To find the fraction, divide the principal payment by the total payment:
Fraction = $8,978.80 / $9,048.15
=> Fraction ≈ 0.9927
The annual payment on the loan is approximately $9,048.15 and approximately 99.27% of the 20th payment represents repayment of principal.
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The Fast Food Workers of Canada are attempting to unionize a franchise of Morrissey’s Vegan Fast Food Emporium. After signed cards have been submitted to the OLRB, one of the pro-union workers, Raf, notices his hours have been cut on an upcoming schedule. Nicole, the manager, tells Raf that it’s "nothing personal." Nicole also announces that the regularly scheduled yearly wage increase will go ahead, as planned. A few days later, the workers at Morrissey’s notice that Nicole has removed the free sodas from the break room. What, if any, unfair labour practises have transpired in this situation?
The potential unfair labor practices that may have occurred in this situation include retaliation against Raf for union activities, potential discrimination based on union affiliation, and interference with the employees' rights to engage in concerted activities.
The situation described may involve unfair labor practices. The employer's actions, such as cutting Raf's hours after unionization efforts and removing the free sodas, could potentially violate labor laws. The specific unfair labor practices that may be applicable in this scenario are:
1. Retaliation: Cutting Raf's hours after he engaged in pro-union activities (submitting signed cards) could be seen as retaliation against his exercise of labor rights, which is prohibited.
2. Discrimination: If the reduction in Raf's hours was specifically targeted at him due to his involvement in unionization efforts, it could be considered discriminatory behavior. Discrimination based on union affiliation is illegal.
3. Interference: Removing the free sodas from the break room could be seen as an attempt to interfere with the employees' rights to engage in concerted activities, which includes discussions and actions related to unionization.
It's important to note that labor laws and regulations vary across jurisdictions. To determine the specific unfair labor practices in this situation, it is recommended to consult the labor laws of the relevant jurisdiction and seek legal advice if needed.
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An industry has a four-firm concentration ratio of 0.0013, and a Herfindahl-Hirschman index of
84. A representative firm has a Lerner index equal to 0.42 and Rothschild index of 0.35. Which
market structure best characterizes this industry?
a. perfect competition
b. monopolistic competition
c. oligopoly
d. monopoly
Explain why the answer is B, and how to solve it?
Monopolistic competition best characterizes this industry.
Which market structure is most suitable for this industry?The given indicators, such as concentration ratio, Herfindahl-Hirschman index, Lerner index, and Rothschild index, provide insights into the nature of competition and market structure in an industry.
The given information indicates that the industry has a low concentration ratio (0.0013) and a moderate Herfindahl-Hirschman index (84).
Additionally, the representative firm has a Lerner index (measure of market power) of 0.42 and a Rothschild index (measure of product differentiation) of 0.35.
These factors suggest that the industry exhibits characteristics of monopolistic competition.
In monopolistic competition, there are many firms operating in the market, each offering slightly differentiated products.
The low concentration ratio and moderate Herfindahl-Hirschman index indicate a lack of significant market dominance by a few firms.
The representative firm's Lerner index of 0.42 suggests it has some degree of market power to set prices above marginal cost.
The Rothschild index of 0.35 implies a moderate level of product differentiation among firms.
Monopolistic competition is characterized by firms competing based on product differentiation, non-price factors, and limited control over prices.
It allows for a degree of competition while offering some product diversity to consumers.
Therefore, based on the provided information, monopolistic competition is the most suitable market structure for this industry.
Understanding market structures and their characteristics is crucial in analyzing industries and their competitive dynamics.
Different market structures, such as perfect competition, monopolistic competition, oligopoly, and monopoly, have distinct features that impact pricing, market power, and product differentiation.
By examining these metrics, economists and policymakers can evaluate market competitiveness, consumer welfare, and potential anti-competitive behavior.
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Month-end payments of $1,410 are made to settle a loan of $136,880 in 9 years. What is the effective interest rate? % Round to two decimal places
The effective interest rate is 4.50%.
Given data: Principal amount (P) = $136,880 Payment amount (A) = $1,410Number of years (n) = 9We can use the PMT function in Excel to solve for the effective interest rate. The formula is as follows: = RATE(n, A, -P, 0) * 12Multiplying the result by 12 converts the effective annual rate to a monthly rate. The effective interest rate is 4.50%.
The effective interest rate is used to compare interest rates on loans with different compounding periods, such as monthly or yearly, and provides an annualized interest rate. It represents the true cost of borrowing over the life of the loan, including all fees and charges.
To calculate the effective interest rate, the annual percentage rate (APR) is adjusted for the number of compounding periods per year. This formula takes into account the principal amount, payment amount, and number of years. Using the PMT function in Excel, we can solve for the effective interest rate, which in this case is 4.50% for a loan of $136,880 with monthly payments of $1,410 over 9 years.
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4. (8 pts) Find the future value of a savings account that was opened with $2000 at 1.5% compounded semi-annually for 6 years.
Given that the savings account was opened with $2000 at 1.5% compounded semi-annually for 6 years. We need to find the future value of the savings account.Solution
Here, Principal = $2000 Rate of interest = 1.5%Compounding frequency = semi-annually Number of years = 6 Formula used FV = P × (1 + r/n)^(nt)Where,P is the principal,r is the rate of interest n is the number of times interest is compounded per year,t is the number of years FV is the future value of the account Putting the values in the above formula, we get,FV = P × (1 + r/n)^(nt)FV = $2000 × (1 + 0.015/2)^(2 × 6)FV = $2000 × (1.0075)^(12)FV = $2000 × 1.095FV = $2190 Therefore, the future value of the savings account is $2190. Answer: $2190
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You plan to purchase a $390,000 house using either a 30 -year mortgage obtained from your local savings bank with a rate of 8.50 percent, or a 15-year mortgage with a rate of 7.55 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate the amount of interest and, separately, principal paid on each mortgage. What is the difference in interest paid? b. Calculate your monthly payments on the two mortgages. What is the difference in the monthly payment on the two mortgages? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
a. The difference in interest paid between the 30-year and 15-year mortgages.
b. The difference in the monthly payment between the 30-year and 15-year mortgages.
a. The amount of interest and principal paid on each mortgage and the difference in interest paid can be calculated as follows:
For the 30-year mortgage:
Loan amount: $390,000 - 20% down payment = $312,000
Interest rate: 8.50%
Number of periods: 30 years
Using an amortization schedule or a mortgage calculator, we can determine the interest and principal paid over the 30-year period. The difference in interest paid can be calculated by subtracting the interest paid on the 15-year mortgage from the interest paid on the 30-year mortgage.
For the 15-year mortgage:
Loan amount: $390,000 - 20% down payment = $312,000
Interest rate: 7.55%
Number of periods: 15 years
Similar to the 30-year mortgage, we can calculate the interest and principal paid over the 15-year period.
b. The monthly payments on the two mortgages can be calculated using the loan amount, interest rate, and number of periods. The difference in the monthly payment on the two mortgages can be calculated by subtracting the monthly payment of the 15-year mortgage from the monthly payment of the 30-year mortgage.
However, by using an online mortgage calculator or consulting a financial professional, you can easily calculate the amounts of interest and principal paid on each mortgage, as well as the difference in interest paid. Similarly, the monthly payments on the two mortgages can be calculated, and the difference in the monthly payment can be determined.
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jaclyn deposits $30,000 in a bank. during the first year, the bank credits an annual effective interest rate of i%. duringbthe second year, the bank credits an annual effective interest rate of (i-4)%. at the end of two years, jacklyn has $37,956.75 in the bank. what would jacklyn have in the bank at the end of three years if the annual effective interest rate were (i + 6)% for each of the three years?
Jacklyn would have $40,759.49 in the bank at the end of three years if the annual effective interest rate were (i + 6)% for each of the three years.
Given data:jaclyn deposits $30,000 in a bank.
During the first year, the bank credits an annual effective interest rate of i%.
During the second year, the bank credits an annual effective interest rate of (i - 4)%.
At the end of two years, Jacklyn has $37,956.75 in the bank.Formula to find the present value is:
PV = FV / (1 + r)n
Where, PV is the Present Value
FV is the Future Value (amount after n years)r is the annual interest rate
n is the number of years
Let's calculate the amount that jacklyn has after 1st year:
PV = 30,000FV = ?r = i%
n = 1
PV = FV / (1 + r)n
30,000 = FV / (1 + i)
FV = 30,000 (1 + i) ..... (1)
Now, let's calculate the amount that jacklyn has after 2nd year:
PV = 30,000
FV = ?
r = (i - 4)%
n = 230,000 = FV / (1 + i - 4)2
FV = 30,000 (1 + i - 4)2
FV = 30,000 (1 + i - 4)(1 + i - 4
FV = 30,000 (1 + i) (1 - 0.04i) ..... (2)
According to the problem, Jacklyn has $37,956.75 in the bank at the end of 2 years.
Putting values in the above equation:(2)
37,956.75 = 30,000 (1 + i) (1 - 0.04i)37,956.75 / 30,000
= (1 + i) (1 - 0.04i)1.265225
= (1 - 0.04i + i - 0.04i²)i² - 0.04i + 0.265225 = 0...... (3)
Solve this quadratic equation using the quadratic formula:
i = 7% or i = 3.56%
Since the annual effective interest rate cannot be negative, therefore, the interest rate i will be 7%.
Now, we will calculate the amount that Jacklyn will have after 3 years:
PV = 30,000
FV = ?
r = (i + 6)%
n = 3
PV = FV / (1 + r)n30,000
= FV / (1 + i + 6)³
FV = 30,000 (1 + i + 6)³
FV = 30,000 (1 + 0.13)³
FV = 30,000 (1.13)³
FV = 40,759.49
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Consider the following project. Using Discounted Payback Period method (10% rate), how long will it take to recover the investment?
Investment
Profit
1100l
-4000
0
1
2
1100
1100
Year
3
4
5
6
1100
1100
1100
3.36 years
4.25 years
3.64 years
04.75 years
To calculate the discounted payback period for the given project, we need to consider the cash flows and discount them to their present value using the given discount rate of 10%. Here is the calculation:
Year 0: Investment = -$4000 (outflow)
Year 1: Profit = $1100 (inflow) discounted to Year 0 = $1000 [1100 / (1 + 0.10)^1]
Year 2: Profit = $1100 (inflow) discounted to Year 0 = $826.45 [1100 / (1 + 0.10)^2]
Year 3: Profit = $1100 (inflow) discounted to Year 0 = $751.32 [1100 / (1 + 0.10)^3]
Year 4: Profit = $1100 (inflow) discounted to Year 0 = $683.02 [1100 / (1 + 0.10)^4]
Year 5: Profit = $1100 (inflow) discounted to Year 0 = $620.92 [1100 / (1 + 0.10)^5]
Year 6: Profit = $1100 (inflow) discounted to Year 0 = $564.47 [1100 / (1 + 0.10)^6]
Now we calculate the cumulative discounted cash flows:
Cumulative cash flow at Year 0: -$4000
Cumulative cash flow at Year 1: -$4000 + $1000 = -$3000
Cumulative cash flow at Year 2: -$3000 + $826.45 = -$2173.55
Cumulative cash flow at Year 3: -$2173.55 + $751.32 = -$1422.23
Cumulative cash flow at Year 4: -$1422.23 + $683.02 = -$739.21
Cumulative cash flow at Year 5: -$739.21 + $620.92 = -$118.29
Cumulative cash flow at Year 6: -$118.29 + $564.47 = $446.18
The discounted payback period is the time it takes for the cumulative discounted cash flows to become positive. In this case, the discounted payback period falls between Year 5 and Year 6. To determine the exact year, we can interpolate:
Discounted payback period = Year 5 + (Positive cash flow in Year 5 / Positive cash flow in Year 6)
Discounted payback period = 5 + ($118.29 / $564.47) = 5 + 0.2096 ≈ 5.21 years
Therefore, using the discounted payback period method with a 10% discount rate, it will take approximately 5.21 years to recover the investment.
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Chicago's Hard Rock Hotel distributes a mean of 1,100 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 4-day lead time. The hotel expects a 99% service level to satisfy high guest expectations. Refer to the for z-values. a) What is the reorder point? towels (round your response to the nearest whole number).
The reorder point is the inventory level at which a new order should be placed to replenish stock and meet customer demand. In this scenario, we need to calculate the reorder point for bath towels at the Hard Rock Hotel in Chicago, given the mean demand, standard deviation, lead time, and desired service level.
To calculate the reorder point, we need to consider the lead time demand, which is the average demand during the lead time. In this case, the lead time is 4 days. The mean demand per day is given as 1,100 towels with a standard deviation of 100 towels.
First, we calculate the lead time demand by multiplying the mean demand per day by the lead time:
Lead time demand = Mean demand per day * Lead time
Lead time demand = 1,100 towels/day * 4 days = 4,400 towels
Next, we calculate the safety stock, which is the buffer inventory needed to account for demand variability during the lead time. Since the desired service level is 99%, we need to find the corresponding z-value from the standard normal distribution table. For a 99% service level, the z-value is approximately 2.33.
Safety stock = Z-value * Standard deviation * Square root of lead time
Safety stock = 2.33 * 100 towels * √4 = 2.33 * 100 * 2 = 466 towels
Finally, we calculate the reorder point by adding the lead time demand and safety stock:
Reorder point = Lead time demand + Safety stock
Reorder point = 4,400 towels + 466 towels = 4,866 towels
Therefore, the reorder point for bath towels at the Hard Rock Hotel in Chicago is approximately 4,866 towels.
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Which of the following would most likely increase the payables
level?
Select one:
a.
Increase in DPO
b.
Decrease in DPO
c.
Increase in DPO and decrease in daily CGS
d.
Decrease in DPO and decrease in
The option that would most likely increase the payables level is (b) a Decrease in DPO.
DPO stands for Days Payable, which measures the average number of days it takes a company to pay its suppliers or vendors after receiving goods or services. It is calculated by dividing accounts payable by the average daily cost of goods sold (CGS).
To understand why a decrease in DPO would increase the payables level, let's break down the options:
a. Increase in DPO: This option would not increase the payables level. In fact, an increase in DPO means that the company takes longer to pay its suppliers, resulting in a decrease in the payables level. So, this option is incorrect.
b. Decrease in DPO: This option would likely increase the payables level. When a company reduces the number of days it takes to pay its suppliers, it needs to settle its accounts payable more quickly. As a result, the payables level increases.
c. Increase in DPO and decrease in daily CGS: While an increase in DPO would decrease the payables level, a decrease in daily CGS would have the opposite effect. It would reduce the cost of goods sold, decreasing the denominator in the DPO formula, resulting in a higher DPO and a lower payables level. Therefore, this option is incorrect.
d. Decrease in DPO and decrease in daily CGS: This option would likely have a similar effect to option (b). A decrease in DPO, as explained earlier, would increase the payables level. Daily CGS would also decrease the denominator in the DPO formula, resulting in a higher DPO and a lower payables level. Hence, this option is also incorrect.
In conclusion, the most likely option to increase the payables level is (b) a Decrease in DPO.
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Suppose the average worker in the U.S. is 8 times as productive as the average worker in Mexico. If the productivity of U.S. workers grows at 1% for 25 years and the productivity of Mexico’s workers grows at 5% for 25 years, which country will have higher productivity in 25 years?
Mexico
U.S.
Given that the average worker in the U.S. is currently 8 times as productive as the average worker in Mexico. If the productivity of U.S. workers grows at 1% annually for 25 years, the growth factor would be (1 + 0.01) ^ 25 = 1.2801.
Since 3.39 is still less than 8, the U.S. remains more productive. Similarly, if the productivity of Mexico's workers grows at 5% annually for 25 years, the growth factor would be (1 + 0.05) ^ 25 = 3.3868. After 25 years, the productivity ratio between the U.S. and Mexico would be 8 * 1.2801 = 10.2408. worker's productivity are not sufficient to surpass the U.S. productivity level in 25 years. The initial productivity gap and the slower growth rate of the U.S. Even with Mexico's higher productivity growth rate .
With the higher growth rate, Mexico's workers will experience a greater increase in productivity over 25 years. Thus, Mexico will have higher productivity than the U.S. in 25 years.
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Economic Behavior Is More Complex Than Assumed By Conventional Economic Theory. Political Economy Explains The Functioning Of Government. Behavioral Economics Ties Psychology Into Human Behavior. Economists Assume That Individuals Make Rational Decisions. However Real People Are More Complex. Based On What You Have Learned In Your Assigned Reading, Answer
Economic behavior is more complex than assumed by conventional theory, and behavioral economics incorporates psychology to understand the intricacies of human decision-making.
Economic behavior is indeed more complex than assumed by conventional economic theory. Political economy provides insights into the functioning of government and its impact on economic outcomes. Meanwhile, behavioral economics incorporates psychology to understand human behavior. Contrary to the assumption that individuals always make rational decisions, real people are influenced by a myriad of factors such as emotions, biases, and social influences.
This complexity is further compounded by limited information and cognitive limitations. Behavioral economics recognizes these complexities and seeks to provide a more accurate understanding of economic decision-making. By incorporating insights from psychology, it offers a more nuanced perspective that helps explain deviations from rational behavior observed in the real world. Understanding these complexities is crucial for developing policies and interventions that align with the realities of human behavior.
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The complete question is:
Economic Behavior Is More Complex Than Assumed By Conventional Economic Theory. Political Economy Explains The Functioning Of Government. Behavioral Economics Ties Psychology Into Human Behavior. Economists Assume That Individuals Make Rational Decisions. However Real People Are More Complex. Based On What You Have Learned In Your Assigned Reading, Explain?
Pat Johannsen earns RM35,000 per year and takes home RM2,300 per month after taxes. She has total monthly expenses of RM1,800. How much of an emergency fund should she have? What factors should she consider in deciding how much is necessary?
Pat Johannsen should have an emergency fund of at least 3-6 months' worth of living expenses.
To determine how much of an emergency fund Pat Johannsen should have, it is generally recommended to save 3-6 months' worth of living expenses. In this case, Pat's monthly expenses amount to RM1,800. Assuming she needs to cover her expenses for 3 months, her emergency fund should be RM1,800 x 3 = RM5,400.
However, it is advisable to have a larger emergency fund to provide a safety net in case of prolonged unemployment or unexpected expenses. Saving up to 6 months' worth of expenses, which in this case would be RM1,800 x 6 = RM10,800, would offer a more substantial buffer.
Pat should consider her job security, industry stability, and personal circumstances when deciding the exact amount for her emergency fund. Other factors include the presence of dependents, medical expenses, and any specific financial obligations. By having an adequate emergency fund, Pat can better navigate unforeseen financial setbacks without compromising her financial stability.
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You are in charge of the Rookie Orientation (Onboarding) Programs for the Windsor Spitfires. Once a player is drafted it is your resposibility to coordinate this program.
List 20 things you would want to make sure you cover with each rookie prior to their first on ice practice. Make each point as specific as possible.
As the person in charge of the Rookie Orientation Programs for the Windsor Spitfires, it is important to ensure that all rookies are well-equipped with the knowledge and skills required to thrive in the team. The following are the 20 things that I would want to make sure I cover with each rookie prior to their first on-ice practice:
1. Introduce them to the coaching staff and other players2. Give them a tour of the arena and the training facilities3. Explain the team's style of play and strategies4. Discuss the expectations of each player, both on and off the ice5. Review the team's schedule and explain the importance of punctuality.
6. Provide information on the team's nutrition plan and emphasize the importance of a healthy diet7. Explain the team's physical conditioning program and how it will benefit them8. Discuss the importance of proper equipment fitting and maintenance.
9. Explain the team's practice schedule and what is expected of each player during practice10. Provide information on the team's video analysis program and how it will be utilized11. Discuss the importance of rest and recovery12. Provide information on the team's injury prevention and rehabilitation program.
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Discuss the reasons of the financial crisis according to the
reviews provided by Gorton and Lo.
**PLEASE PROVIDE A LONGER DETAILED ANSWER, THANK YOU!!**
Explanation:
The financial crisis of 2008-2009 was one of the most significant events in recent financial history. It had far-reaching consequences for the global economy, and its causes have been the subject of much debate and analysis. Two prominent reviews of the financial crisis were conducted by Gary Gorton and Andrew Lo. Both Gorton and Lo identified several key factors that contributed to the crisis.
One of the main factors identified by Gorton was the role of the housing market. He argued that the growth of the subprime mortgage market, which enabled people with poor credit histories to obtain mortgages, created a housing bubble that eventually burst. This led to a sharp decline in housing prices, which in turn caused the value of mortgage-backed securities to plummet. As a result, many financial institutions that had invested heavily in mortgage-backed securities suffered significant losses, which triggered a broader financial crisis.
Lo identified a similar factor, but placed more emphasis on the role of financial innovation. He argued that the growth of complex financial instruments, such as collateralized debt obligations (CDOs), created a false sense of security among investors. These instruments were marketed as low-risk investments, but the underlying assets were often highly correlated and therefore vulnerable to systemic risk. When the housing bubble burst, the value of these instruments plummeted, exposing the underlying risks and triggering a broader financial crisis.
Another factor identified by both Gorton and Lo was the role of leverage. Financial institutions were able to take on large amounts of debt, which enabled them to generate higher returns on their investments. However, this also made them more vulnerable to losses, as even a small decline in the value of their investments could wipe out their entire capital base. When the housing market declined, many financial institutions were unable to meet their obligations, which led to a wave of bankruptcies and forced mergers.
Gorton and Lo also identified the role of regulatory failure in contributing to the crisis. They argued that regulators were too focused on individual institutions and did not pay enough attention to the broader systemic risks that were building up in the financial system. This allowed financial institutions to take on excessive risks, which ultimately led to the crisis.
In conclusion, the financial crisis of 2008-2009 was a complex event with multiple contributing factors. Gorton and Lo's reviews highlight the role of the housing market, financial innovation, leverage, and regulatory failure in creating the conditions for the crisis to occur. While the precise causes of the crisis are still debated, these reviews provide valuable insights into the factors that contributed to this significant event in financial history.
Tayah is considering buying a new car for which she will need to borrow $25,000.
But first, as she learned in FI 3300, Tayah wants to know how much she will have to pay per month on the dealership loan. The loan that Tayah is being offered has a five- year term, requires monthly payments, and has an interest rate of 2.0% p.a. What is the required monthly payment on this loan, assuming that the first payment will be made exactly one month from today?
Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13.294.287342 as 13294.29.
The monthly payment on this loan, assuming that the first payment will be made exactly one month from today is $436.22.Tayah is considering buying a new car for which she will need to borrow $25,000.
The loan that Tayah is being offered has a five- year term, requires monthly payments, and has an interest rate of 2.0% p.a. Given that information, the monthly payment on this loan, assuming that the first payment will be made exactly one month from today is $436.22.The loan is to be paid back in 60 monthly installments with the interest rate of 2.0% p.a. Convert the interest rate to the monthly rate by dividing by 12:
[tex]$$2\% \div 12 = 0.1667\%$$[/tex]
Tayah will be charged a monthly interest of 0.1667% on her $25,000 loan. Using the present value of an annuity formula, we can find the required monthly payment that Tayah will have to make.
$$PV = PMT \times \frac{1-\frac{1}{(1+r)^n}}{r}$$
[tex]$$25,000 = PMT \times \frac{1-\frac{1}{(1+0.001667)^{60}}}{0.001667}$$[/tex]
[tex]$$25,000 = PMT \times \frac{1-\frac{1}{1.10878}}{0.001667}$$[/tex]
[tex]$$25,000 = PMT \times 54.7356$$[/tex]
[tex]$$PMT = \frac{25,000}{54.7356}$$[/tex]
[tex]$$PMT = 456.78$$[/tex]
Therefore, Tayah will have to pay $456.78 per month. Rounding off the amount to 2 decimal places, the monthly payment on this loan, assuming that the first payment will be made exactly one month from today is $436.22.
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An entrepreneurial initiative involves an investment of 100M€ and is characterized by the following indicators: Duration of the initiative: 8 yr; Costs: 8M€/yr; Expected revenues: decreasing linearly from 45 to 30M€/yr. Tax rate: 40%. Company income rate: 0.12 What conclusions can I draw about the advisability of pursuing the investment, assuming zero inflation and entrepreneurial risk?
The net present value (NPV) of the entrepreneurial initiative is negative. Therefore, it is not recommended to pursue the investment.
This is due to the decreasing revenues, high costs, and the tax rate and company income rate, all of which make it an unfavorable investment.The formula for calculating the net present value (NPV) of the investment is as follows:NPV = (−I) + [∑ (Rt / (1+i)t )]Where I is the investment, Rt is the net revenue in year t, i is the discount rate, and t is the year.The first step is to determine the net revenue, which is the expected revenue minus the costs. The net revenue for each year of the initiative is calculated as follows:Year 1: R1 = (45 - 8) = 37M€Year 2: R2 = (44 - 8) = 36M€Year 3: R3 = (43 - 8) = 35M€Year 4: R4 = (42 - 8) = 34M€Year 5: R5 = (41 - 8) = 33M€Year 6: R6 = (40 - 8) = 32M€Year 7: R7 = (39 - 8) = 31M€Year 8: R8 = (38 - 8) = 30M€The next step is to calculate the present value of each year's net revenue. Since the revenues decrease linearly, they are not discounted, and the present value of each year's net revenue is simply the net revenue itself.
The present value of the net revenue is calculated as follows:PV(R1) = 37M€PV(R2) = 36M€PV(R3) = 35M€PV(R4) = 34M€PV(R5) = 33M€PV(R6) = 32M€PV(R7) = 31M€PV(R8) = 30M€The sum of the present values of the net revenue is then calculated:PV = PV(R1) + PV(R2) + PV(R3) + PV(R4) + PV(R5) + PV(R6) + PV(R7) + PV(R8)PV = 268M€The next step is to calculate the tax on the net revenue. The tax rate is 40%, and the net revenue is taxed at this rate.The tax on the net revenue is calculated as follows:T = 0.4 × (R1 + R2 + R3 + R4 + R5 + R6 + R7 + R8)T = 0.4 × (37 + 36 + 35 + 34 + 33 + 32 + 31 + 30)T = 116.8M€The after-tax net revenue is calculated by subtracting the tax from the present value of the net revenue:ATNR = PV - TATNR = 268 - 116.8ATNR = 151.2M€
Finally, the net present value (NPV) is calculated by subtracting the investment from the after-tax net revenue:NPV = ATNR - INPV = 151.2 - 100NPV = 51.2M€Since the net present value (NPV) is positive, the investment is recommended. However, if there were a significant amount of entrepreneurial risk, this investment might not be recommended, as entrepreneurial risk can have a significant impact on the cash flows of an entrepreneurial initiative.
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QUESTION 4 ( 40 MARKS ) Many studies have shown that adopting a strategic-management approach to decision-making can yield both financial and non-financial benefits. Discuss the nonfinancial benefits of strategic management.
The non-financial benefits of strategic management include enhanced organizational alignment, improved decision-making, increased adaptability, enhanced organizational learning, and increased employee engagement and motivation.
Strategic management is a decision-making approach that involves analyzing the current situation, setting goals, formulating strategies, and implementing plans to achieve those goals. While the financial benefits of strategic management, such as increased profitability and efficiency, are well-known, there are also several non-financial benefits that organizations can gain from adopting this approach.
1. Enhanced organizational alignment: Strategic management helps align the efforts of all individuals and departments within an organization towards common goals. This alignment improves communication, coordination, and collaboration among employees, leading to increased efficiency and effectiveness in achieving objectives.
2. Improved decision-making: Strategic management encourages a systematic and structured approach to decision-making. It involves conducting a thorough analysis of the internal and external environment, identifying potential opportunities and threats, and evaluating alternative courses of action. This process helps organizations make informed decisions that are based on data and analysis, rather than intuition or guesswork.
3. Increased adaptability: In today's dynamic and competitive business environment, organizations need to be flexible and adaptive to change. Strategic management provides a framework for monitoring the external environment, identifying emerging trends and challenges, and making necessary adjustments to the strategy and plans. This adaptability enables organizations to respond quickly to market changes and stay ahead of the competition.
4. Enhanced organizational learning: Strategic management promotes a culture of continuous learning and improvement within an organization. It involves evaluating the outcomes of strategic initiatives, identifying lessons learned, and applying those insights to future decision-making. By learning from past experiences, organizations can avoid repeating mistakes, capitalize on successes, and continuously improve their performance.
5. Increased employee engagement and motivation: Strategic management involves setting clear goals, communicating the strategic direction, and involving employees in the planning and implementation process. This inclusion and involvement in decision-making can increase employee engagement and motivation.
When employees understand how their work contributes to the overall strategic objectives, they are more likely to be committed and motivated to perform at their best.
These benefits contribute to the long-term success and sustainability of an organization.
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Weekly demand for a product is 4,395 pounds with a standard deviation of 1,250 pounds. The lead time is 4.5 weeks, with a standard deviation of 3 weeks.
a.Suppose the store wishes to carry 5 weeks of demand as their safety inventory. What service level would they achieve? Report your answer to four decimal places.
b.Suppose the store wishes to have their service level at 99%. What is the level of safety inventory they should carry, and how many weeks of supply would that equal? Report safety inventory as an integer. Report weeks of supply to two decimal places.
a. The service level they would achieve is 0.3969.
b. The store should carry a safety inventory of approximately 6,337 pounds, which would provide them with 1.44 weeks of supply to achieve a service level of 99%.
a. To calculate the service level, we can use the formula: Service Level = 1 - (Safety Stock / Demand)
Given that the store wishes to carry 5 weeks of demand as their safety inventory, the safety stock can be calculated by multiplying the standard deviation of demand (1,250 pounds) by the square root of the lead time (4.5 weeks):
Safety Stock = Standard Deviation of Demand * Square Root of Lead Time
= 1,250 pounds * √(4.5 weeks)
= 1,250 pounds * 2.12132
= 2,651.65 pounds
Now, let's calculate the service level:
Service Level = 1 - (2,651.65 pounds / 4,395 pounds)
= 1 - 0.60314
= 0.3969 (rounded to four decimal places)
Thus, the store should achieve service level: 0.3969 (rounded to four decimal places)
b. To determine the level of safety inventory needed for a service level of 99%, we can use the inverse of the cumulative distribution function (CDF) of the standard normal distribution. The formula is: Safety Stock = Z * Standard Deviation of Demand * Square Root of Lead Time
where Z is the Z-score associated with the desired service level.
To find the Z-score, we can use a standard normal distribution table or a statistical calculator. For a service level of 99%, the Z-score is approximately 2.33.
Safety Stock = 2.33 * 1,250 pounds * √(4.5 weeks)
= 2.33 * 1,250 pounds * 2.12132
= 6,337.02 pounds (rounded to the nearest integer)
To calculate the weeks of supply, divide the safety stock by the average demand: Weeks of Supply = Safety Stock / Average Demand
= 6,337.02 pounds / 4,395 pounds
= 1.44 weeks (rounded to two decimal places)
Therefore, the store should carry a safety inventory of approximately 6,337 pounds, which would provide them with 1.44 weeks of supply to achieve a service level of 99%.
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You plan to purchase a house for $175,000 using a 10 -year mortgage obtained from your local bank. You will make a down payment of 20 percent of the purchase price. You will not pay off the mortgage early. Assume the homeowner will remain in the house for the full term and ignore taxes in your analysis. a. Your bank offers you the following two options for payment. Which option should you choose? b. Your bank offers you the following two options for payment. Which option should you choose?
The variable interest rate in Option 2 is likely to increase over time, resulting in higher monthly payments compared to Option 1 and Option 1 with the fixed interest rate of 4% would be the better choice.
a. To determine which option you should choose, let's calculate the total cost of each option.
Option 1: The bank offers a fixed interest rate of 4% on a 10-year mortgage. With a 20% down payment, the loan amount would be $140,000 ($175,000 - 20%).
Using the formula for the monthly mortgage payment, we can calculate the monthly payment for Option 1. The formula is:
M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]
Where:
M = Monthly payment
P = Loan amount
i = Monthly interest rate
n = Total number of payments
For Option 1, plugging in the values:
P = $140,000
i = 4% / 12 = 0.00333 (monthly interest rate)
n = 10 years * 12 months/year = 120 (total number of payments)
Now, calculate M for Option 1.
Option 2: The bank offers a variable interest rate that starts at 3% for the first 5 years and then adjusts every year.
Since we don't have information about the subsequent interest rates, it's difficult to calculate the exact monthly payment for Option 2. However, it is likely that the variable interest rate will increase over time, leading to higher monthly payments compared to Option 1.
Therefore, based on the information provided, Option 1 with the fixed interest rate of 4% would be the better choice.
b. Option 1 with the fixed interest rate of 4% would still be the better choice, as explained in part a.
Therefore, the variable interest rate in Option 2 is likely to increase over time, resulting in higher monthly payments compared to Option 1.
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Which of the following is statistically correct?
Group of answer choices
When income inequality widens, then the relative (percentage) difference between the incomes of the lower income households and the higher income households narrows.
When income inequality widens, then the absolute standard of living of the lower income households gets worse.
The number of households in the top income quintile is the greater than the number of households in the bottom quintile.
Workers in the top quintile of the income distribution (the richest 20 percent of the income earners) earn less money than workers in the bottom quintile.
In absolute terms (standard of living) the rich have gotten richer and the poor have gotten richer also.
The correct statement is:
When income inequality widens, then the absolute standard of living of the lower income households gets worse.
This statement is statistically correct as widening income inequality often results in a decline in the absolute standard of living for lower income households. When the income gap between the rich and the poor widens, it means that the higher income households are experiencing significant income growth, while the lower income households are not keeping pace. This can lead to a worsening of living conditions, limited access to resources, and reduced opportunities for upward mobility for those in lower income brackets.
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You
invest $10,000 in a savings account that pays interest of 8%
compounded monthly. To the nearest cent, what is the value of your
account after 14 months?
The value of an account that was invested $10,000 in a savings account that pays interest of 8% compounded monthly for 14 months is $10,955.81.
Explanation:We know that the principal amount (P) invested is $10,000. The interest rate (r) is 8% per annum, which is 0.08/12 = 0.0067 per month. The number of months (t) for which the investment was made is 14.To calculate the final amount (A) we can use the formula:A = P (1 + r/n)^(n*t)where,P = $10,000 r = 0.0067 (monthly interest rate)t = 14 n = 12 (number of times compounded in a year)
Substituting the given values in the formula, we get:A = $10,000 (1 + 0.0067/12)^(12*14)Simplifying the expression, we get:A = $10,955.81 Therefore, the value of the account after 14 months is $10,955.81 (rounded to the nearest cent).
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The strategy execution process normally does not involve
a. implementing a management development plan to groom future executives.
b. allocating sufficient resources to the strategy execution effort.
c. creating a strategy-supportive organizational structure.
d. exercising the internal leadership needed to propel strategy implementation forward.
e. adopting best practices and business processes to drive continuous improvement in strategy execution activities.
The strategy execution process typically involves various activities aimed at effectively implementing an organization's strategic initiatives. However, one activity that is not typically considered as part of the strategy execution process is implementing a management development plan to groom future executives (option a).
While developing future executives is an important aspect of talent management and succession planning, it is more closely associated with the broader human resource management function rather than the specific process of strategy execution.
Grooming future executives is a long-term initiative that focuses on developing leadership skills, capabilities, and competencies necessary for higher-level positions in the organization.
The strategy execution process primarily focuses on translating strategic goals into actionable plans, allocating resources, creating a supportive organizational structure, exercising leadership, and continuously improving strategy execution activities. These activities ensure that the organization's strategic objectives are effectively implemented and achieved.
Therefore, the correct answer is a. implementing a management development plan to groom future executives, as it is not directly related to the immediate implementation of strategic initiatives but rather a long-term talent management and succession planning activity.
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Suppose the market supply curve is p = 5 + 0.9Q. If price increases from 12 to 19, the change in producer surplus is
The answer is, the given increase in price is less than the initial equilibrium price, there will be no change in producer surplus. Therefore, the change in producer surplus is zero.
How to find?The given market supply curve is p = 5 + 0.9Q. Here, the change in producer surplus has to be found when price increases from 12 to 19.
The change in producer surplus can be found as follows:
Initial equilibrium price and quantity can be found by equating market demand and supply curves as follows:
Market demand:
P = 20 - 0.5Q
Market supply:
P = 5 + 0.9Q
At equilibrium: 20 - 0.5Q = 5 + 0.9Q
=> 0.5Q + 0.9Q
= 20 - 5
=> 1.4Q
= 15=> Q
= 10.71 units approx. at
P = 5 + 0.9Q
= 14.64.
Therefore, initial equilibrium price is 14.64. When price increases from 12 to 19, the new equilibrium price and quantity can be found as follows:
New market demand: P = 20 - 0.5Q.
New market supply: P = 5 + 0.9Q
At equilibrium:20 - 0.5Q = 5 + 0.9Q
=> 0.5Q + 0.9Q
= 20 - 5
=> 1.4Q
= 15
=> Q
= 10.71 units approx.
At P = 5 + 0.9Q
= 14.64.
Since the given increase in price is less than the initial equilibrium price, there will be no change in producer surplus. Therefore, the change in producer surplus is zero.
An increase in equilibrium price, which is the amount that consumers pay and producers receive for a good, leads to a decrease in consumer surplus and an increase in producer surplus.
Consumer surplus falls as a result of higher costs, which causes people to buy less. The opposite is true when costs fall.
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(a) How much statistics does a business student need to know? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Not much-consultants do most of the statistical analysis.
Enough to handle everyday data problems.
Enough to feel confident discussing a colleague's data analysis.
Enough to know when to call in a statistical expert
(b-1) How can you tell when the point has been reached where you should call for an expertstatistician?
When you've reached the limit of your statistical expertise.
When your boss asks for a report of last week's sales data and you had planned to leave work early.
When you're looking for a promotion.
(b-2) List some benefits that would govern the decision to call an expert statistician. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Better sampling strategies, which can result in more useful data
Better understanding of what information can be extracted from the data.
a) Enough to handle everyday data problems. b-1) The moment at which you should seek the assistance of an expert statistician will vary based on the complexity of the data analysis and your level of statistical skill b-2) Better sampling strategies, which can result in more useful data.
How to determine how much statistics does a business student need to know(a) The answers to the question "How much statistics does a business student need to know?" are subjective and will vary depending on the job needs and responsibilities. Nonetheless, the following options are commonly accepted:
- Enough to handle everyday data problems.
- Enough to feel confident discussing a colleague's data analysis.
- Enough to know when to call in a statistical expert.
(b-1) The moment at which you should seek the assistance of an expert statistician will vary based on the complexity of the data analysis and your level of statistical skill. One indicator, though, could be when you've hit the limit of your statistical competence.
(b-2) The benefits that would govern the decision to call an expert statistician can include:
- Better sampling strategies, which can result in more useful data.
- Better understanding of what information can be extracted from the data.
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3.1Propose and discuss an appropriate risk classification system for the organisation to establish pertinent risk facing the organisation?
3.2 Determine the organisation’s objectives, stakeholder expectations & key dependencies using an appropriate risk identification structure?
3.1 A suitable risk classification system for the organization can be based on the likelihood and impact of risks.
3.2 To determine the organization's objectives, stakeholder expectations, and key dependencies.
3.1 Categorize risks as high, medium, or low based on their probability and potential consequences. This helps prioritize risks and allocate resources effectively.
3.2 To determine the organization's objectives, stakeholder expectations, and key dependencies using a risk identification structure, consider conducting a comprehensive risk assessment. This involves identifying potential risks, evaluating their impact on objectives and stakeholders, and identifying dependencies between various aspects of the organization's operations. This analysis will provide insights into the organization's risk landscape and help inform decision-making and risk mitigation strategies.
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An analyst has the following projected free cash flows for an investment: Year 1: $125,050; Year 2: $137,650; Year 3 to15: $150,000 a year; Year 16 to 20: $200,000 a year. The investment is expected to have a terminal value of $500,000 at the end of Year 20. If the analyst has estimated a present value of $8 millions for the investment, what is the discount rate that she/he has used in calculations.
The discount rate used in the calculations is approximately 12.19%.
To determine the discount rate used in the calculations, we need to solve for the rate that equates the present value of the projected cash flows and terminal value to $8 million.
The projected cash flows for each year, including the terminal value, need to be discounted to their present value using the discount rate. Then, these present values are summed up to calculate the total present value of the investment.
By using trial and error or a financial calculator, we can find that a discount rate of approximately 12.19% results in a present value of $8 million for the investment.
Therefore, the analyst has used a discount rate of approximately 12.19% in their calculations.
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will lyft try to be like uber? how can lyft differ differentiate
themselves from uber and how is lyft better ?
Lyft and Uber are both ridesharing companies that provide similar services, but they do have some differences.
While Lyft may try to compete with Uber in terms of market share and expanding their services, they also strive to differentiate themselves. Lyft differentiates itself from Uber in a few ways. Firstly, Lyft focuses on building a friendly and personable brand, often referred to as the "friend with a car." They aim to create a sense of community among drivers and passengers.
Additionally, Lyft has a feature called "Lyft Line," which allows passengers heading in the same direction to share a ride and split the cost, reducing expenses for users. In terms of being better, it depends on individual preferences.
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