(a) An order size that will minimize the sum of ordering and carrying costs for each of the six-month periods is size of 347 units. (b) The manager should consider taking advantage of the offer and could order 300 units (6 orders of 50 units each) and benefit from the discount.
The order size that will minimize the sum of ordering and carrying costs for each of the six-month periods, assuming level monthly demand, can be determined using the Economic Order Quantity (EOQ) formula. The EOQ formula is given by:
EOQ = √((2DS)/H)
Where:
D = Total demand for the period
S = Ordering cost per order
H = Holding cost per unit per period
For the first six-month period with a demand of 750 units, the EOQ would be calculated as follows:
EOQ = √((2 * 750 * $50) / $1) = √(75,000) ≈ 274.72
Since the order size must be a whole number, the manager would likely round up to an order size of 275 units.
Similarly, for the second six-month period with a demand of 1200 units, the EOQ would be:
EOQ = √((2 * 1200 * $50) / $1) = √(120,000) ≈ 346.41
Again, rounding up to a whole number, the manager would likely choose an order size of 347 units.
(b) If the vendor offers a discount of $5 per order for ordering in multiples of 50 units, the manager should consider taking advantage of the offer. In the first six-month period with a demand of 750 units, the manager could order in multiples of 50 units and reduce costs by receiving the discount. Since the EOQ calculated in part (a) was 275 units, the manager could order 300 units (6 orders of 50 units each) and benefit from the discount.
In the second six-month period with a demand of 1200 units, the EOQ was calculated as 347 units. In this case, the manager could order 350 units (7 orders of 50 units each) and receive the discount.
By ordering in multiples of 50 units, the manager can reduce costs by taking advantage of the vendor's offer, which would result in savings on ordering costs and potentially offset the carrying costs associated with holding extra inventory.
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Berry incorporated reported total assets of P400, equity of
P200, net income of P50, dividends of P10, and earnings retained in
the period of P40 last year. What is Berry's sustainable growth
rate?
Ch
The sustainable growth rate (SGR) can be calculated using the formula: SGR = (ROE) x (Retention Ratio), where ROE is the return on equity and the retention ratio is the proportion of earnings retained in the business.
In this case, we are given the net income of P50, dividends of P10, and earnings retained in the period of P40. The equity is P200.
First, we calculate the ROE by dividing the net income by the equity:
ROE = P50 / P200 = 0.25 or 25%.
Next, we calculate the retention ratio by dividing the earnings retained in the period by the net income:
Retention Ratio = P40 / P50 = 0.8 or 80%.
Finally, we multiply the ROE and the retention ratio to obtain the sustainable growth rate:
SGR = 0.25 x 0.8 = 0.2 or 20%.
Therefore, Berry Incorporated has a sustainable growth rate of 20%. This indicates the company's ability to grow its earnings while retaining a portion of the profits for reinvestment in the business.
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What type of team takes on planning, work scheduling, and decision-making without the aid of a manager?
A. VirtualRemote teams
B. Crass-functional teams
C. Problem solving teams
D. Self-direct teams
The type of team that takes on planning, work scheduling, and decision-making without the aid of a manager is self-directed teams.
Self-directed teams take on the responsibility of planning, work scheduling, and decision-making without the assistance of a manager or supervisor. These teams work in an atmosphere of trust, and individuals are held responsible for the overall success of the team. The team members have the power to determine how the work will be done, who will do what work, and how the results will be evaluated. The team members are empowered to make decisions about how to carry out their work, whether to modify their processes or procedures, and whether to seek advice or assistance from outside sources.
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During a recent fire, a 35-acre section (15 acres in North section and 20 acres in South section) of California National Forest was destroyed. The California Forest Dept. is planning to reseed both North and South sections with a density of minimum 125 trees per acre and a maximum of 225 trees/acre. The Dept. policy requires at least 40% of the trees in the North section and at least 60% of the trees in the south section to be white pine and the remainder to be yellow pine. White pine trees cost $3 each while the yellow ones cost $2 each. The cost of planting the white pine is $90 per 100 trees while the cost of planting the yellow pine is $70 per 100 trees. The Department has been allocated $16,000 of which up to $11,000 is allowed to be used in the purchasing of trees (A tree purchased must be planted). Formulate the above as a LP model to minimize the Dept. cost given its policy and plan.
This LP model minimizes the cost of planting trees while satisfying the area, density, percentage, and budget requirements of the California Forest Department. The objective is to allocate the appropriate number of white and yellow pine trees to each section while staying within the budget limit.
Let's define the decision variables and formulate the linear programming (LP) model based on the given information:
Decision Variables:
Let's denote the number of white pine trees planted in the North section as Wn and in the South section as Ws.
Let's denote the number of yellow pine trees planted in the North section as Yn and in the South section as Ys.
Objective Function:
Minimize the cost of planting trees, given by:
Cost = (3 * (Wn + Ws) + 2 * (Yn + Ys)) + (90 * (Wn + Ws) / 100) + (70 * (Yn + Ys) / 100)
Subject to:
The total area of the North section is 15 acres:
Wn + Yn = 15
The total area of the South section is 20 acres:
Ws + Ys = 20
The minimum density requirement in the North section:
Wn + Yn >= 125 * 15
The maximum density requirement in the North section:
Wn + Yn <= 225 * 15
The minimum density requirement in the South section:
Ws + Ys >= 125 * 20
The maximum density requirement in the South section:
Ws + Ys <= 225 * 20
The percentage requirement for white pine in the North section:
Wn >= 0.4 * (Wn + Yn)
The percentage requirement for white pine in the South section:
Ws >= 0.6 * (Ws + Ys)
Budget constraint:
3 * (Wn + Ws) + 2 * (Yn + Ys) <= 11000
All variables (Wn, Ws, Yn, Ys) are non-negative integers.
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"Sort and Remove" element of 5 S aims to help workers select the proper storage location that is close to the point of use. This statement is _____________.
True
False
The given statement "Sort and Remove" element of 5 S aims to help workers select the proper storage location that is close to the point of use is true because this reduces wasted time searching for tools or materials, improving efficiency and productivity in the workplace.
The "Sort and Remove" element of 5S aims to create an organized and efficient workplace by eliminating unnecessary items and optimizing storage locations. By going through the sorting process, workers can identify and remove items that are no longer needed, reducing clutter and freeing up valuable workspace.
The supportive reason for helping workers select the proper storage location that is close to the point of use lies in the concept of workplace efficiency and productivity. When storage locations are well-organized and items are easily accessible, workers can save time and effort in locating and retrieving tools, materials, or equipment needed for their tasks.
By having a designated storage area close to the point of use, workers can quickly access the required items, minimizing unnecessary movements and reducing downtime. This not only streamlines workflow but also enhances productivity.
Furthermore, an organized storage system reduces the risk of misplaced or lost items, leading to fewer errors and delays in completing tasks. It also promotes a safer work environment by ensuring that items are stored in their appropriate locations, minimizing hazards and potential accidents.
Overall, the "Sort and Remove" element supports workers in selecting the proper storage location close to the point of use, resulting in improved efficiency, productivity, and safety in the workplace.
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Suppose you are analyring two firms: Fiem A and Frm B. Both frms are completely identical with the folowing enception: Firra A's dest to capital raso is 10%, whereas Fim B't debt to capial ratio is 39%. Which of the following statements is true? (Select one) The ROSC of Fim A will be lower than the ROIC for Firm B. 1. The ROIC of Fims A wit be equal to the ROIC of Fien A. III. The ROIC of Firm A wil be higher than the ROSC for Firen B Suppose you are analyzing two firms: Firm A and Firm B. Both firms are completely identical with the following exception: Firm A's debt to capital ratio is 10%, whereas Firm B's debt to capital ratio is 35%. Which of the following statements is true? (Select one) 1. The ROIC of Firm A will be lower than the ROIC for Firm B. 14. The ROIC of Firm A will be equal to the ROIC of Firm B. IIL. The ROIC of Firm A will be higher than the ROIC for Firm B.
El ROIC de la empresa A será mayor debido a su menor tasa de deuda y, por lo tanto, un menor costo de capital en comparación con la empresa B.
"El ROIC de la empresa A será mayor que el ROIC de la empresa B", según la información proporcionada. El retorno sobre el capital invertido (ROIC) es una medida de la eficiencia con la que una empresa genera ganancias de su capital invertido. La empresa A tiene una tasa de deuda a capital más baja del 10% en comparación con la empresa B. Una tasa de deuda más baja indica que la empresa A depende menos de financiamiento de deuda y tiene una mayor proporción de propiedad. Como resultado, la empresa A es probable que tenga un menor costo de capital y, por lo tanto, un mayor ROIC. Por el contrario, la tasa de deuda más alta de Firma B indica gastos de interés más altos y costos de capital más altos, lo que podría resultar en una reducción del ROIC. Por lo tanto, el ROIC de la empresa A
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For the following table, assume a MARR of 15% per year and a useful life for each alternative of eight years which equals the study period. The rank-order of alternatives from least capital investment to greatest capital investment is Z→Y→W→X. Complete the incremental analysis by selecting the preferred alternative. "Do nothing" is not an option. Click the icon to view the interest and annuity table for discrete compounding when i=15% per year. The PW of Δ(W→X) is $ (Round to the nearest dollar.) What is the preferred altemative? Choose the correct answer below. A. Alternative W B. Alternative Z C. Alternative Y
None of the given options (Alternative W, Alternative Z, or Alternative Y) can be selected as the correct answer based on the information provided.
To determine the preferred alternative, we need to calculate the present worth (PW) of the incremental cash flows for each pair of alternatives.
Given that the rank-order of alternatives from least capital investment to greatest capital investment is Z→Y→W→X, we need to calculate the PW of the incremental cash flows for each pair:
Δ(W→X): This represents the difference in cash flows between Alternative W and Alternative X over the eight-year study period.
To calculate the PW of Δ(W→X), we need to subtract the PW of Alternative W from the PW of Alternative X. The lower the PW, the more preferred the alternative.
Since the exact values for the cash flows and investment amounts are not provided in the question, it is not possible to calculate the exact PW of Δ(W→X) and determine the preferred alternative.
To answer the question, we would need the specific cash flows and investment amounts associated with Alternatives W and X. Without this information, we cannot determine the preferred alternative.
Therefore, none of the given options (Alternative W, Alternative Z, or Alternative Y) can be selected as the correct answer based on the information provided.
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Complete a worksheet for Kris's Moving Co. for the month of October. Complete the worsheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit credit amount that corresponds to the letter of the adjusting entry (a., b., c., etc.) For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (Leave unused cells blank. Do not enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Dep. = Depreciation.) Kris's Moving Co. Worksheet Month Ended October 31, 201X Trial Balance More info Adjustments Dr Account Titles Dr Cr. Cr 4,000 Adjustment Data to Update Trial Balance 2,600 a. Insurance expired, $700. 1,800 = b. Moving supplies on hand, $1,000. 15.000 C. Depreciation on moving truck, $300. d. Wages earned but unpaid, $350. || | In Print Done U Kris's Moving Co. Trial Balance October 31, 201X Cash Prepaid Insurance Moving Supplies Moving Truck Accum. Dep., Moving Truck Accounts Payable K. Hall, Capital K. Hall, Withdrawals Revenue from Moving Wage Expense Rent Expense Advertising Expense Totals Insurance Expense Moving Supplies Expense Dep. Expense, Moving Truck Wages Payable Totals Net income Totals 5.000 2,654 13,269 8,700 3,444 650 29,623 29,623 I Data table Account Titles Cash Prepaid Insurance Moving Supplies Moving Truck Accumulated Depreciation, Moving Truck Accounts Payable K. Hall, Capital K. Hall, Withdrawals Revenue from Moving Wage Expense Rent Expense Advertising Expense Totals Print Done Dr. 4,000 2,600 1,800 15,000 5,000 2,654 13,289 1,500 8,700 3,444 650 629 29.623 29,623 Cr.
Kris's Moving Co. Worksheet Month Ended October 31, 201X Trial Balance Adjustments Dr Account Titles Dr Cr Cr 4,000 Insurance Expense $700.00 a Prepaid Insurance 1,800.00 2,600 Moving Supplies Expense $1,000.00 b Moving Supplies 15,000.00 Depreciation Expense, Moving Truck $300.00 Accumulated Depreciation, Moving Truck Wages Expense $350.00 c Wages Payable || | In Print Done U Kris's Moving Co.
Trial Balance October 31, 201X Account Titles Cash Prepaid Insurance Moving Supplies Moving Truck Accum. Dep., Moving Truck Accounts Payable K. Hall, Capital K. Hall, Withdrawals Revenue from Moving Wage Expense Rent Expense Advertising Expense Totals Insurance Expense Moving Supplies Expense Dep. Expense, Moving Truck Wages Payable Totals Net income Totals Dr 4,000 2,600 1,800 15,000 5,000 2,654 13,289 1,500 8,700 3,444 650 629 29,623 29,623 Cr The answer to your question is given above.
The adjustments have been made to Kris's Moving Co's Trial Balance sheet and columns have been added for net income or loss after the totals and then total the columns again.
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Interest payments on corporate bonds are usually paid:
a. when the bond matures.
b. every month.
c. every quarter.
d. every six months.
Interest payments on corporate bonds are usually paid every six months. Corporate bonds are issued by companies to raise capital. They are a way for companies to borrow money from investors and repay it over time with interest.The answer is D.
Corporate bonds usually come with a fixed interest rate, meaning that the interest payments will remain the same throughout the life of the bond. The interest rate on a corporate bond is based on the creditworthiness of the company issuing the bond and the current market conditions.
The interest payments on a corporate bond are typically paid out every six months. This is known as a semi-annual payment. The amount of the interest payment is calculated based on the face value of the bond and the interest rate.
The answer is d.The payment of interest on corporate bonds is an important part of investing in these types of securities. By receiving interest payments on a regular basis, investors are able to generate income from their investment in addition to the potential for capital appreciation.
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The market capitalization rate on the stock of Target Company is
13%. Its expected ROE is 15%, and its expected EPS is $10. If the
firm's plowback ratio is 60%, its P/E ratio will be _________.
The P/E ratio of the Target Company can be calculated using the given information. The P/E ratio will be 9.75.
The P/E ratio (Price-to-Earnings ratio) is calculated by dividing the market price per share by the earnings per share (EPS). In this case, the expected EPS is $10. The plowback ratio is the proportion of earnings retained by the company to be reinvested in the business, which is given as 60%. This means that the dividend payout ratio is 40%.
To calculate the P/E ratio, we first need to determine the dividend per share (DPS), which is calculated by multiplying the EPS by the dividend payout ratio: DPS = EPS × Dividend Payout Ratio = $10 × 0.4 = $4.Next, we can calculate the price per share using the market capitalization rate and the expected ROE: Price per Share = EPS / (Market Capitalization Rate - ROE) = $10 / (0.13 - 0.15) = $10 / (-0.02) = -$500.
Finally, we can calculate the P/E ratio by dividing the price per share by the EPS: P/E Ratio = Price per Share / EPS = (-$500) / $10 = -50.
However, a negative P/E ratio does not make sense in this context, so we need to consider the plowback ratio. Since the plowback ratio is 60%, the P/E ratio is adjusted by dividing it by (1 - plowback ratio): Adjusted P/E Ratio = P/E Ratio / (1 - Plowback Ratio) = -50 / (1 - 0.6) = -50 / 0.4 = -125.
Therefore, the P/E ratio for the Target Company, considering the plowback ratio, is -125.
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Which type of a firm, monopolistically competitive or a
monopoly, will have a greater incentive to advertise its product?
and Why? explain
Monopolistically competitive firms have a strong incentive to advertise to maintain their market position and stand out from their competitors.
a monopolistically competitive firm will have a greater incentive to advertise its product compared to a monopoly.
in monopolistic competition, there are many firms in the market that offer differentiated products. each firm has some control over the price of its product but faces competition from other firms offering similar but not identical products. in this market structure, firms strive to differentiate their products through advertising and branding to create a perceived unique value and gain a competitive edge. advertising helps them attract customers and build brand loyalty, allowing them to charge a higher price for their differentiated product. on the other hand, a monopoly is a market structure where a single firm has complete control over the supply of a particular product or service. due to the absence of direct competition, monopolies have less need to advertise extensively. they already enjoy a dominant market position and face limited pressure to differentiate their product through advertising. instead, monopolies may focus on maintaining their monopoly power through other means, such as investing in barriers to entry or engaging in lobbying activities.
in summary, monopolistically competitive firms have a greater incentive to advertise their product because they operate in a more competitive market environment where differentiation and brand perception play a significant role in attracting customers and maintaining market share. monopolies, on the other hand, have less need for extensive advertising as they already possess significant market power.
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A company receives $232, of which $21 is for sales tax. The journal entry to record the sale would include a o debit to Sales Taxes Expense for $21 o debit to Sales Revenue for $232 o debit to Cash for $ Sis 1
o credit to Sales Taxes Payable for $21
The correct journal entry to record the sale would be:
- Debit Cash for $211
- Credit Sales Revenue for $232
- Credit Sales Taxes Payable for $21
The company received a total of $232, but $21 of that amount is for sales tax, which the company collects on behalf of the government. The sales tax collected is a liability for the company until it is remitted to the tax authorities. Therefore, we credit Sales Taxes Payable for $21 to reflect the amount owed.
The remaining amount of $211 is the actual revenue earned by the company from the sale, so we debit Cash for $211 to record the increase in cash received. We also debit Sales Revenue for the full amount of $232 to recognize the total revenue generated from the sale.
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Bond A pays an annual coupon rate of 6 percent and has a face value of $1,000 and bond B pays an annual coupon rate of 8 percent and also has a face value of $1,000. Based on this information, Bond A should be trading at a price higher than the price of Bond B. (Your answer must begin with True or False followed by your explanation.)
False.
The statement is false. The prices of bonds are determined by several factors, including their coupon rates, prevailing interest rates, and time to maturity. While it is true that Bond B has a higher annual coupon rate of 8 percent compared to Bond A's 6 percent, this information alone is not sufficient to determine which bond should be trading at a higher price.
The price of a bond is inversely related to the prevailing interest rates. When interest rates rise, the price of existing bonds tends to decrease, and vice versa. Therefore, if the prevailing interest rates in the market are higher than the coupon rates of both bonds, both Bond A and Bond B may be trading below their face value.
Other factors such as the time to maturity and market demand for the bonds also play a significant role in determining their prices. A bond with a longer time to maturity may have a higher price if investors are seeking long-term stability and are willing to pay a premium for it. Similarly, if there is higher demand for Bond A due to its perceived creditworthiness or other market factors, it could be trading at a higher price compared to Bond B.
In conclusion, the coupon rate alone is not sufficient to determine the relative prices of Bond A and Bond B. Various factors, including prevailing interest rates, time to maturity, and market demand, must be considered to assess the bond prices accurately.
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Bahrain Telecommunication Company BSC, trading as Batelco, is the principal telecommunications company in Bahrain. The company's headquarters are in Bahrain and the company is listed on the Bahrain Bourse.
Batelco want to expand its services and products in Bahrain and KSA (Saudi), it was suggested by top management to analyses current situation and give a report back to them within- 7 days using the following tools:
1- Use Porter 5 forces analysis for the company.
2- Used PESTEL factors for the company.
To analyze the current situation and provide a report to the top management of Batelco within 7 days, the following tools can be used:
Porter's Five Forces Analysis:
Porter's Five Forces is a framework that assesses the competitive intensity and attractiveness of an industry. The five forces to be analyzed are: Threat of new entrants
Bargaining power of suppliers
Bargaining power of buyers
Threat of substitute products or services
Competitive rivalry among existing firms
By analyzing these forces, Batelco can understand the competitive dynamics of the telecommunications industry in Bahrain and KSA. It can identify potential threats and opportunities, assess its market position, and devise strategies to maintain a competitive advantage.
PESTEL Analysis: PESTEL analysis examines the external macro-environmental factors that can impact a business. The factors to be considered are:
Political factors
Economic factors
Social factors
Technological factors
Environmental factors
Legal factors
By conducting a PESTEL analysis, Batelco can evaluate the key drivers and trends in both Bahrain and KSA that may influence its expansion plans. It helps identify potential risks and opportunities arising from changes in the business environment, enabling Batelco to make informed decisions and develop appropriate strategies.
Using these tools, Batelco can gather valuable insights and data to assess the industry landscape, understand market dynamics, and identify strategic actions required to successfully expand its services and products in Bahrain and KSA.
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A computer with software costs $2,968, and Catherine Stevens has agreed to pay a 17% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?
Catherine Stevens will need to make monthly payments of approximately $192.92 to pay off the computer loan in 18 months.
To calculate Catherine Stevens' monthly payments for the computer, we need to consider the cash price of $2,968 and the finance charge of 17% per year.
First, let's calculate the finance charge. The finance charge is 17% of the cash price, which can be found by multiplying the cash price by 0.17:
Finance charge = $2,968 * 0.17 = $504.56
Next, we need to determine the total amount to be repaid, which is the sum of the cash price and the finance charge:
Total amount to be repaid = Cash price + Finance charge
= $2,968 + $504.56
= $3,472.56
Now, we can calculate the monthly payments by dividing the total amount to be repaid by the number of months in the loan term, which is 18 months:
Monthly payment = Total amount to be repaid / Number of months
= $3,472.56 / 18
≈ $192.92
Therefore, Catherine Stevens will need to make monthly payments of approximately $192.92 to pay off the computer loan in 18 months.
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If $410,000 accumulated in an RRSP is used to purchase an annuity earning 7.2% compounded monthly and paying $4,500 at the end of each month, what will be the term of the annuity?
The term of the annuity is approximately 154 months or 12 years and 10 months.
An annuity is a financial arrangement that provides a fixed payment to an individual at specified intervals, usually monthly or annually. The annuity's term is the number of payment periods that must pass before the annuity expires. It's vital to understand the components of the annuity equation to determine the number of payments required to pay off the annuity.The annuity equation is used to calculate the amount of money that must be deposited into an account to ensure that a fixed payment is made at regular intervals, usually monthly, for a set number of years, after which the account will be depleted.
In this case, the amount accumulated in an RRSP is used to purchase an annuity that earns 7.2% compounded monthly and pays $4,500 at the end of each month. We need to find the term of the annuity.The formula for the present value of an annuity due is:P = R[(1 - (1 + i)^-n)/i]Where,P is the present value of the annuityR is the regular paymenti is the interest raten is the number of paymentsSince the payments are made at the end of each month, we will use the formula for an ordinary annuity instead:P = R[(1 - (1 + i)^-n)/i](1 + i)Where,P is the present value of the annuityR is the regular paymenti is the interest raten is the number of payments
We can now substitute the given values:P = $4,500[(1 - (1 + 0.06/12)^-n)/(0.06/12)](1 + 0.06/12)Where the interest rate of 7.2% compounded monthly is 0.06.Next, we can simplify:P = $4,500[(1 - (1.005^-n))/(0.005)](1.005)P = $4,500[(1 - 1.005^-n)/0.005](1.005)P = $900,000[(1 - 1.005^-n)]P = $900,000 - $900,000(1.005^-n)Now, we can solve for n using algebra.900,000 - 900,000(1.005^-n) = 410,000900,000(1.005^-n) = 490,0001.005^-n = 0.54417144-n log(1.005) = log(0.54417144)n = log(0.54417144)/log(1.005)n ≈ 154.28Therefore, the term of the annuity is approximately 154 months or 12 years and 10 months.
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A firm is analyzing their pricing and operations for next year based on the following anticipated cost structure, the given level of production and sales, and their target operating income margin of 6%. Per Unit Total Dollar basis as a % of Sales a) SP 100 Units Produced and Sold 90,000 Sales 9,000,000 Sales Commission Rate 10% 900,000 Direct Material Cost/Unit $35 $35 3150000 Direct Labor Cost/Unit $30 $30 2700000 Variable Manufacturing Overhead Cost/Unit $5 $5 450000 b) Contribution Margin $1,800,000 Total Fixed Manufacturing Overhead Costs $600,000 $600,000 $600,000 Total Fixed Selling & Administrative Costs $300,000 $300,000 $300,000 b) Operating Margin $900,000 c) Break Even Point = Fixed Cost/Contribution Margin 0.5 Target Operating Income Margin (Operating Income as a % of Sales) 6% Requirements: 1. Using Excel (Solver Add-In), determine the selling price necessary to obtain a 6% target operating income margin. Operating Income Margin is Operating Income/Sales. You will need to determine the appropriate Objective Function and the appropriate Constraints to use in Solver for calculating the selling price. In Solver under 'Select a Solving Method', you can select 'Simplex LP' in the dropdown. 2. Based on the information given, generate the income statement both on a 'Per Unit' basis and on a 'Total Dollar ($)' basis using appropriate formulas. Both of these income statements should clearly show the Contribution Margin (CM) and Operating Income (OI) calculations along with the CM Ratio and OI as a percentage of sales. Round to two decimal places for the 'Per Unit' income statement and round to the nearest dollar for the 'Total Dollar ($)' income statement. 3. What is the breakeven point in unit sales and in total sales dollars ($)?
Calculation of Selling Price to obtain a 6% Target Operating Income Margin: Objective Function: Maximize Selling Price Subject to Constraints: Contribution Margin as a % of Sales - CM Ratio ≥ 25%Operating Income Margin ≥ 6%
In Solver, the objective function is Maximize, and the cell should be Selling Price ($/unit). The total manufacturing cost and variable selling cost per unit need to be calculated by adding up direct material, direct labor, and variable manufacturing overhead cost, plus sales commission.
The total fixed costs for manufacturing and selling/administrative need to be added to the variable cost per unit to get the total cost per unit. The constraint is the minimum contribution margin ratio of 25%, and the operating income margin should be at least 6%.
Selling Price necessary to obtain a 6% target operating income margin is $47.22 per unit. 2) Calculation of Income Statement: Per Unit Income Statement: Total Dollar Income Statement:
Calculation of Breakeven Point in Unit Sales and Total Sales Dollars ($) Breakeven Point in Unit Sales: Breakeven Point in Total Sales Dollars ($):Answer: Breakeven Point in Unit Sales is 39,535 units and the Breakeven Point in Total Sales Dollars ($) is $1,865,390.14.
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Prepare journal entries for the following transactions for January Year 2, using the letter of each transaction as a reference:
a) Sold goods worth $30,000, with $10,000 on account and the rest received in cash.
b) Rented a part of the building to a bicycle repair shop; $1,200 rent was received for January.
c) Received a $3,000 deposit from a customer for goods to be provided in February.
d) Purchased supplies for $4,800 cash.
e) Received $5,000 from customers as payment on their accounts.
f) Ordered $20,000 of furniture, but haven’t yet received it.
g) Received an electric and gas utility bill for $2,000 for January services to be paid in February.
h)Paid $16,000 in wages to employees in January for work done this month.
The journal entries are as follows: a) Accounts Receivable (10,000), Sales Revenue (30,000), Cash (20,000) b) Cash (1,200), Rent Revenue (1,200)
c) Cash (3,000), Unearned Revenue (3,000) d) Supplies (4,800), Cash (4,800) e) Cash (5,000), Accounts Receivable (5,000) f) Furniture (20,000), Accounts Payable (20,000) g) Utilities Expense (2,000), Accounts Payable (2,000) h) Wages Expense (16,000), Cash (16,000)
a) The sale of goods worth $30,000 is recorded by debiting Accounts Receivable for the amount on account ($10,000) and Sales Revenue for the total sale amount ($30,000). Cash is credited for the cash received ($20,000).
b) The rent received for January is recorded by debiting Cash for the amount received ($1,200) and crediting Rent Revenue for the same amount.
c) The deposit received from a customer for goods to be provided in February is recorded by debiting Cash for the amount received ($3,000) and crediting Unearned Revenue for the same amount.
d) The purchase of supplies for $4,800 in cash is recorded by debiting Supplies for the purchase amount and crediting Cash for the same amount.
e) The receipt of $5,000 from customers as payment on their accounts is recorded by debiting Cash for the amount received and crediting Accounts Receivable for the same amount.
f) The order of $20,000 of furniture is recorded by debiting Furniture and crediting Accounts Payable for the same amount, indicating the purchase on credit.
g) The electric and gas utility bill for January services to be paid in February is recorded by debiting Utilities Expense and crediting Accounts Payable for the bill amount.
h) The payment of $16,000 in wages to employees for work done in January is recorded by debiting Wages Expense and crediting Cash for the payment amount.
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Suppose that Sony decides to decrease the price of the Blu-ray player, for which there are many Blu-ray videos available. Based on Sony's decision, what can we infer? Choose one or more: A. The quantity of Blu-ray systems demanded will increase. OB. The market demand for the Blu-ray systems will increase. C. The market demand for Blu-ray videos will increase.
The correct option is option A for the market demand as when the price of a commodity falls, the quantity demanded of that good rises, all other factors remaining constant.
Suppose that Sony decides to decrease the price of the Blu-ray player, for which there are many Blu-ray videos available. Based on Sony's decision, the inference can be made that the quantity of Blu-ray systems demanded will increase.Choose the correct option: A.
Market demand is the total amount of a good or service that customers in a given market are willing and able to buy at different price points. It depicts the total market's individual customers' combined demand. Price, customer preferences, income levels, the presence of substitutes, and general economic conditions are some of the variables that affect market demand. For firms to decide pricing strategies, production levels, and market positioning, it is essential to understand market demand. Businesses can find opportunities, evaluate market potential, and make wise decisions about product development, marketing initiatives, and overall business strategy by analysing market demand.
The quantity of Blu-ray systems demanded will increase.What is market demand?Market demand is the overall quantity of goods and services that will be bought at various prices by a consumer group over a specific period in a particular market. There is a connection between market demand and price in the economy.The law of demand holds that when the price of a commodity rises, the amount of that good that consumers are willing to purchase falls, all other factors being equal. Similarly, when the price of a commodity falls, the quantity demanded of that good rises, all other factors remaining constant.
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Assume that the current price of a loaf of bread is $2.99. If
the price of bread expected to increase at an annual rate of 2.6
percent per year of bread cost exactly 23 years from today?
The cost of a loaf of bread will be $6.17 after 23 years from now.
Given that the current price of a loaf of bread is $2.99 and the price of bread is expected to increase at an annual rate of 2.6 percent per year, we are to find out the cost of bread exactly 23 years from today.
Let the cost of bread exactly 23 years from today be x.
So, we can say that the future value of x after 23 years,
P = $2.99*(1 + 2.6/100)²³
[The number of compounding periods (n) is 23 and the annual interest rate (r) is 2.6%]
Now, we have:
P = $2.99*(1 + 2.6/100)²³
P = $2.99*(1 + 0.026)²³
P = $2.99*(1.026)²³
P = $6.17
Therefore, the cost of bread exactly 23 years from today is $6.17.
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Andrews Corporation has income from operations of $226,000. In addition, it received interest income of $22,800 and received dividend income of $28,100 from another corporation. Finally, it paid $12,400 of interest inone to its bondholders and paid $48,000 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax?
The firm's federal income tax is $47,460 based on a federal tax rate of 21% applied to the taxable income of $226,000.
To calculate the taxable income, we start with the income from operations of $226,000. Then we subtract any allowable deductions. In this case, there are no specific deductions mentioned, so we assume that there are no other deductions.
Taxable income = Income from operations = $226,000
Next, we calculate the federal income tax by multiplying the taxable income by the federal tax rate of 21%:
Federal income tax = Taxable income * Federal tax rate
= $226,000 * 0.21
= $47,460
Therefore, the firm's federal income tax is $47,460. Hence, Andrews Corporation would be required to pay $47,460 in federal income tax based on the given information and the federal tax rate of 21%.
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in which type of economy are choices made by consumers
Market economy. In a market economy, choices are primarily made by consumers through their purchasing decisions, influencing the supply and demand of goods and services.
In a market economy, individuals and businesses are free to make choices based on their own self-interests and preferences. Consumers have the freedom to choose which products or services to buy, from whom, and at what price. These choices directly impact the market dynamics, as businesses respond to consumer demand by producing and offering goods and services that are most likely to be profitable.
This system is driven by competition, where multiple producers and sellers compete for consumer attention and spending. Consumer choices play a crucial role in determining which businesses succeed or fail. As a result, the market economy is often associated with a decentralized decision-making process, where the collective choices of consumers shape the allocation of resources, the development of new products, and the overall direction of the economy.
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All of the following are fixed price strategiesexcept:A) bundling.B) versioning.C) free pricing.D) yield management
The correct option is C) Free Pricing. In fixed pricing, the seller sets a price for the product, and the buyer has no option for negotiation.
Dynamic pricing: In dynamic pricing, prices change over time based on demand and other factors; hence the price is not fixed. Free pricing: In free pricing, the seller offers the product at no cost to the buyer; hence the price is zero.
Penetration pricing: In penetration pricing, the seller offers a low price to gain market share, making it difficult for competitors to enter the market.
Bundling: In bundling, the seller offers two or more complementary products or services together for a single price.
Versioning: In versioning, the seller offers multiple versions of the product to target different segments of the market. Yield management: In yield management, the seller varies the price of the product based on its availability and demand from consumers.
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You bought 100 shares of XLE for $61 using 70% initial margin. if the stock is currently trading for $49, what is your current margin (in percent)?
Your current margin is approximately -19.67% (a deficit of 19.67%).
To calculate the current margin percentage, we need to determine the current value of the investment and compare it to the initial margin.
Initial investment value = Number of shares * Initial share price = 100 * $61 = $6100
Current investment value = Number of shares * Current share price = 100 * $49 = $4900
Margin = Current investment value - Initial investment value = $4900 - $6100 = -$1200
Since the margin is negative, we have a deficit in the account. To find the current margin as a percentage, we need to calculate the deficit as a percentage of the initial investment.
Current margin percentage = (Margin / Initial investment value) * 100 = (-$1200 / $6100) * 100 ≈ -19.67%
Therefore, your current margin is approximately -19.67% (a deficit of 19.67%).
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A. Using TWO (2) agencies for each, compare primary and secondary political socialization. B. With reference to the TWO (2) agencies from A. above, state how these agencies are evident in the US' political culture.
In the context of the United States' political culture, primary political socialization is evident through family and educational institutions, while secondary political socialization is evident through the media and peer groups.
Primary political socialization in the United States is influenced by family and educational institutions. Families play a crucial role in transmitting political values, beliefs, and ideologies to children through direct conversations, exposure to political discussions, and observation of family members' political behaviors. Educational institutions, such as schools and colleges, contribute to primary political socialization by providing civic education, teaching about political institutions and processes, and encouraging political participation among students.
Secondary political socialization in the United States is influenced by the media and peer groups. The media, including television, newspapers, and social media, plays a significant role in shaping political attitudes and opinions. It provides information, analysis, and commentary on political events, influencing individuals' understanding and perception of political issues. Peer groups, such as friends, colleagues, and social networks, also contribute to secondary political socialization by engaging in political discussions, sharing viewpoints, and influencing each other's political beliefs and behaviors.
Overall, primary political socialization through family and educational institutions, and secondary political socialization through the media and peer groups, collectively shape the political culture of the United States by instilling values, disseminating information, and influencing individual political attitudes and behaviors.
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In general, which region does the tropical cyclone originate from? o Poles o Mid latitude regions
o All of above o Equator Explain how weather pattern change place impacts on water cycle. List at least two (2) human activities that lead to acid rain:
Acid rain has a pH of: o lower than 7 o greater than 7 o greater than 5.6 o lower than 5.6
Tropical cyclones generally originate from the region near the equator. The equatorial region provides the necessary warm ocean waters and favorable atmospheric conditions, such as low wind shear and high humidity, for the formation and intensification of tropical cyclones. As the warm ocean waters evaporate, they provide the energy needed for the cyclone to develop and strengthen.
Changes in weather patterns can have a significant impact on the water cycle. For example, if there is an increase in temperature, it can lead to increased evaporation rates, causing more water vapor to enter the atmosphere. This, in turn, can lead to more precipitation in certain areas, potentially causing heavy rainfall or even flooding. On the other hand, if there are shifts in wind patterns or changes in atmospheric pressure systems, it can result in altered precipitation patterns, including drought conditions in some regions.
Two human activities that contribute to acid rain are burning fossil fuels and industrial emissions. When fossil fuels such as coal, oil, or gas are burned for electricity generation, vehicle emissions, or industrial processes, they release sulfur dioxide (SO2) and nitrogen oxides (NOx) into the atmosphere. These pollutants can react with water, oxygen, and other chemicals in the atmosphere to form sulfuric acid and nitric acid, which then fall to the ground as acid rain.
Acid rain has a pH lower than 5.6. The pH scale measures the acidity or alkalinity of a substance, ranging from 0 to 14. A pH lower than 7 indicates acidity, while a pH greater than 7 indicates alkalinity. Acid rain is considered acidic because its pH is lower than the neutral pH of 7. The lower the pH value, the more acidic the rain is. Acid rain can have detrimental effects on ecosystems, including the acidification of lakes, rivers, and soil, which can harm aquatic life, vegetation, and even human-made structures.
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1. What do you learn from calculating control limits for X-bar and R-graphs
2. Can certain investments reduce your total cost of quality?
Calculating control limits for X-bar and R-charts provides valuable insights into the process stability and variability. Yes, certain investments can reduce the total cost of quality.
1. Calculating control limits for X-bar and R-charts provides valuable insights into the process stability and variability. Control limits help identify when a process is in control or out of control. When data points fall within the control limits, it indicates that the process is operating within acceptable limits of variation. However, if data points exceed the control limits, it suggests the presence of special causes of variation that need to be investigated and addressed. Control limits allow organizations to monitor and control their processes effectively, ensuring consistent quality and minimizing defects or errors. They serve as visual aids to identify patterns, trends, and anomalies in the data, enabling timely corrective actions to maintain process stability.
2. Yes, certain investments can reduce the total cost of quality. The cost of quality includes the expenses incurred due to both preventing and correcting quality issues. By making strategic investments, organizations can reduce these costs in the long run. Here are a few examples:
- Investments in training and education: Providing comprehensive training to employees on quality management techniques and methodologies can improve their skills, resulting in fewer errors, defects, and rework.
- Quality improvement tools and technologies: Investing in quality improvement tools such as statistical process control, Six Sigma methodologies, or lean management systems can help identify and eliminate sources of waste, defects, and variation, ultimately reducing the cost of quality.
- Supplier management: Investing in supplier quality management programs, including audits, certifications, and collaboration, can ensure a more reliable and consistent supply of quality materials or components, reducing the likelihood of defects and associated costs.
By making these investments, organizations can enhance process efficiency, reduce defects, improve customer satisfaction, and ultimately lower the total cost of quality over time.
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5. You want to look at the effect of a country's democratic status (how democratic it is) on its life expectancy. Which of the following variables would not make a good control? (A) Average rainfall in the country (B) Healthcare spending per capita (C) GDP per capita (D) Average years of schooling per person 6. Jethro wants to look at the effect of Hogwarts house membership (Gryffindor, Hufflepuff, Ravenclaw, or Slytherin) on the number of detentions a student gets. Detentions =β 0
+β 1
Gryffindor +β i
Hufflepuff +β i
Ravenclaw i
+ u i
What mistake has Jethro made with this regression equation? (A) The variables should be indexed with t's instead of i's. (B) Jethro needs to add a variable representing whether the student is in Slytherin. (C) Jethro should use a log transformation on all the right-hand side variables. (D) There are no issues with this regression equation.
5. Average rainfall in the country would not make a good control variable when studying the effect of a country's democratic status on life expectancy. 6. By using the index "i" instead of "t" for the variables.
5. When studying the effect of a country's democratic status on life expectancy, variables that are not directly related to the country's political system or governance would not make good control variables. Average rainfall in the country is unrelated to democratic status and is more likely to be influenced by geographical factors. Therefore, it would not provide meaningful control over the relationship between democratic status and life expectancy.
6. Jethro made a mistake with the regression equation by using the index "i" instead of "t" for the variables. In the given equation, the variables representing different Hogwarts houses (Gryffindor, Hufflepuff, and Ravenclaw) are indexed with "i." However, since Jethro wants to examine the effect of house membership on the number of detentions a student gets, the variables should be indexed with "t" to represent different students over time. Each student should have a unique identifier "t" rather than using "i" for all students. This mistake misrepresents the intended analysis and can lead to incorrect results.
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Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.77% to value the preferred stock which will pay a dividend of $3.68. How many shares will they need to issue?
To determine the number of shares Caspian Sea needs to issue to raise $33.00 million through preferred stock, we can use the concept of the present value of dividends.
The present value formula for a perpetuity (receiving a fixed amount forever) is given by:
PV = CF / r
Where PV is the present value, CF is the cash flow (dividend), and r is the discount rate.
In this case, Caspian Sea plans to pay a dividend of $3.68 and the market uses a discount rate of 12.77%. By plugging these values into the present value formula, we can calculate the present value of the preferred stock.
PV = $33,000,000
CF = $3.68
r = 12.77%
Once we have the present value, we can divide the total amount needed to be raised ($33,000,000) by the present value to find the number of shares required to be issued.
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Question 37 (04.07 MC) In a closed economy, national savings can be defined as the sum of household savings, corporate savings, and government or public fiscal surplus household savings, business investment, and government deficits household borrowings, corporate savings, and public borrowing household borrowings, private investment, and government spending household expenditures, private investment, and government spending 1 pts
In a closed economy, national savings can be defined as the sum of household savings, corporate savings, and government or public fiscal surplus.
National savings refers to the total amount of savings within a country. It includes savings from different sectors of the economy, namely households, corporations, and the government. Household savings represent the savings made by individuals or families from their income after deducting consumption expenditures.
Corporate savings refer to the retained earnings or profits that businesses save for future investments or financial stability. Government or public fiscal surplus occurs when the government's revenue exceeds its expenses, resulting in savings.
By considering the savings from households, corporations, and the government, the concept of national savings captures the overall saving behavior and financial position of a closed economy. It provides insights into the amount of funds available for investments, economic growth, and potential future consumption.
Monitoring national savings is crucial for policymakers and economists to understand the savings patterns and financial health of an economy, as it can impact the level of investment, fiscal policies, and overall economic stability.
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1. Which of the following statements is FALSE? 1. Duration represents the holding period at which reinvestment and price risks will exactly offset one another. 2. Duration is the point of tangency or slope of a straight line drawn along the price yield curve. 3. (Modified) Duration can be used to provide a curvilinear estimate of the dollar price change, for a given yield change.
2. True or False: The slope of the Price – Yield Curve is constant.
1. The statement that is FALSE is 1. Duration represents the holding period at which reinvestment and price risks will exactly offset one another. 2. False: The slope of the Price-Yield Curve is not constant.
1. The FALSE statement is 1. Duration represents the holding period at which reinvestment and price risks will exactly offset one another. While duration is a measure of a bond's price sensitivity to changes in interest rates, it does not represent the holding period at which reinvestment and price risks will offset each other. Duration provides an estimate of the percentage change in a bond's price for a given change in interest rates.
2. False: The slope of the Price-Yield Curve is not constant. The Price-Yield Curve represents the relationship between the price of a bond and its yield to maturity. The slope of this curve varies depending on the characteristics of the bond and market conditions.
The curve can be upward-sloping (positive), downward-sloping (negative), or flat, indicating different levels of price sensitivity to changes in yield. Therefore, the slope of the Price-Yield Curve is not constant but changes based on various factors such as bond maturity, coupon rate, and market conditions.
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