Tariffs implemented to protect a domestic industry are known as protective tariffs. They intend to make imported items more expensive than identical domestically produced goods.
Hence increasing sales of domestically made goods and boosting local business. A tariff might be particular, ad valorem, or compound (a combination of the two). A specific duty is a tax levied on a certain amount of money per unit of import, such as $1 per yard or pound. Ad valorem duties, on the other hand, are calculated as a percentage of the import's value. Tariffs harm consumers by raising the cost of imported goods.
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if a chicago-based company ships goods on september 30 to a customer in hawaii with sales terms fod destination, does the chicago-based company include the inventory or the sale in its september financial statements?
Once the goods are sold to the FOB destination, the cost is removed from the inventory account and expensed only when the goods arrive at the destination. The item was shipped on September 30th and will not arrive at its destination until October. Therefore, the company must have in stock the cost of the goods he sold on September 30th.
Inventory accounting is the branch of accounting that deals with evaluating and accounting for changes in inventories. A company's inventory usually includes goods in his three stages of production: raw materials, work-in-process and salable finished goods.
As an accounting term, inventory is a current asset and refers to all inventory in various stages of production. Warehousing allows both retailers and manufacturers to continue selling or manufacturing items.
Inventory is an asset and is carried on the University's balance sheet. Inventory is physical property, merchandise, or other items for sale held for resale at a later date.
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gorgo works as a sales representative. she did not achieve her monthly required sales goals, so she made a series of entries in her records to show that she had more sales than she actually did. this is known as .
This correct answer is false entries.
Entering false information that does not truly exist on a record is what this is referred to as.
When her scam is detected, it could cost her her job. She does not respect work ethics, as evidenced by this.
Accounting fraud requires a company to intentionally misrepresent financial records. Think about a company that creates an estimate that needs to be updated later.
Due to the fact that the mistakes were not intentional, there was no accounting fraud. Now imagine that the CEO of a publicly traded corporation purposefully misrepresents the firm's prospects.
That CEO might face fraud charges from the Securities and Exchange Commission (SEC). However, because no financial records were manipulated, it is not accounting fraud.
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juan saved $1,000 from his summer job cleaning pools. which of these account types would work best for him if he doesn't need access to the money for a number of years and wants to earn the highest interest rate? regular savings account money market account checking account certificate of deposit
D. Certificate of Deposit (CD)
A Certificate of Deposit's interest rate ranges from 0.55% to 0.80%.
A Certificate of Deposit (CD) is a straightforward and popular savings option provided by banks and credit unions. When a depositor buys a CD, they agree to leave a certain amount of money at the bank for a set period of time, such as a year. In exchange, the bank promises to pay them a fixed interest rate and to repay their principal at the end of the term.
For example, investing $1,000 in a one-year, 5% certificate would result in receiving $50 in interest plus the $1,000 you initially invested.
A certificate of deposit (CD) is generally insured by the federal government, which means that even if the bank or credit union failed, your principal would almost certainly be repaid.
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frank and laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. frank and laura's role is that of a(n) . a.) controller b.) shareholder c.) auditor d.) investor
Frank and Laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. Frank and Laura's role is that of an investor.
A client investor is an individual or organization that is dedicated to provide capital to a business in exchange for financial gain. Client investors typically seek opportunities with a high potential return on investment, and they are often willing to take on more risk than other types of investors.
An investors often work closely with the businesses they invest in, their role is to provide advice and guidance on a variety of topics, from strategic planning to day-to-day operations.
Hence, the correct option is (D) Investor.
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after hugo chavez became president of venezuela, the government abruptly took over 60 domestic and foreign oil field service companies. this is an example of .
Over 60 domestic and international oil field service companies were abruptly taken over by the Venezuelan government after Hugo Chavez became president. Expropriation can be seen in this situation.
The government of a home nation restricts foreign investment because it lacks foreign currency.
What are some examples of tools that nations use to impose trade protectionism?Tariffs, subsidies, quotas, and currency manipulation are the four main tools of trade protectionism.
What changed for the oil industry under Chavez?His decision to fire thousands of PDVSA employees who had participated in a 2002–2003 industry strike stripped the company of significant technical expertise. Through an alliance known as Petrocaribe, Chavez began providing subsidized oil to several nations in the region, including Cuba, in 2005.
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The average price for a world series ticket in philadelphia has skyrocketed to more than?.
World Series tickets in Philadelphia value over $3,000 each—the second-highest worth during a decade. Rhys Hoskins of the Philadelphia Phillies reacts once defeating the city Padres.
In game 5 to win the National League Championship Series at voters Bank Park on Oct twenty-three, 2022, in Philadelphia, Pennsylvania.
Demand for playoff tickets in Philadelphia has driven their value to a historic high. The average worth of game tickets at voters Bank Park is among the best in major Baseball history.
Consistent with the Delaware News Journal, tickets to Philadelphia Phillies home games in their playoff tilt with the Houston Astros have reached a median value of over $3,200, the second-highest total in baseball history.
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company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called .
Company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called strategic goals.
Strategic goals are the particular financial and non-financial objectives and achievements that a firm intends to attain over a certain time period, often the next three to five years.
As an example, if you want to enter new markets, you might establish a target of entering X, Y, and Z markets by a given date. You might even establish a target of having 15 regional markets by a certain date.
Customer insights, a SWOT analysis, your corporate values, your organization's competitive advantages, specific targets on a quarterly or yearly timeframe, and a high-level project roadmap, if you have one, should all be included in your strategic plan.
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the optimization rule for unconstrained optimization is to select that level of activity at which a. marginal benefit exceeds marginal cost. b. total benefit is equal to total cost. c. total benefit is less than total cost. d. marginal benefit equals marginal cost.
The optimization rule for unconstrained optimization is to select that stage of activity at which marginal benefit equals marginal cost.
What is marginal cost?In economics, marginal cost refers to the change in total cost that occurs when output increases, the cost of producing additional quantity.Depending on the context, it can refer to a unit increase in spending, or it can refer to the percentage change in total cost when spending is increased by a small amount. For each stage and period of production considered, marginal costs include all costs that vary with the stage of production, but fixed costs that do not vary with production.For example, the marginal cost of building a car includes the cost of labor and parts required for additional cars, but excludes the fixed cost of building a factory, which does not change with production. Marginal costs can be either short-term or long-term marginal costs, depending on the size of the chicken. Because in the long run even the size of the building is chosen to match the desired output.To learn more about marginal cost from the given link :
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explain how international tourism could assist in reducing the current sizable u.s. trade deficit. how could it increase the deficit?
The status of tourism is the same as that of a country's trade because it is seen as an invisible export.
A country's trade or exports are equivalent to the number of tourists it receives. Greater tourists bring in more revenue for the country's commerce activities.
For instance, a Chinese traveler to the US will stop at the Grand Canyon, Yellowstone, Alaska, and Niagara Falls, among other locations. He will be demanding a number of things at each of these locations, including hotel accommodations, transportation, meals, and other things he will be purchasing. All of these needs will contribute to the cost of those US manufacturing factors, just like an exporter would.
Tourism thereby reduces the trade deficit by bringing in foreign cash like trade does.
It also works the other way around; take the example of an American tourist who travels to India and spends money there. He will travel with US dollars and make purchases in India just as he would have done if India had been an exporter of goods to the US. Due to increased US purchases of Indian goods, the trade deficit will rise.
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which industry gives the most in-kind contributions? group of answer choices high-technology companies. grocery retailers. pharmaceutical companies. publishing houses.
pharmaceutical companies gives the most in-kind contributions.
Who is the biggest pharmaceutical company?Largest Pharmaceutical Companies Research Summary
The greatest pharmaceutical company in the U.S. is Johnson & Johnson, with a revenue of $93.77 billion. As of 2021, the U.S. pharmaceutical enterprise has a market dimension of $560 billion. Over 4.38 billion retail prescriptions are sold in the U.S. each year.
Who are the massive 3 in pharma?About ninety two percent of prescription capsules in the United States are dispensed thru wholesalers, with three — AmerisourceBergen, Cardinal Health, and McKesson Corporation — accounting for more than 90 percent of wholesale drug distribution in the United States.
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https://brainly.com/question/4677002#SPJ4the times interest earned ratio is computed as: multiple choice interest expense times income before interest expense and income taxes. income before interest expense and income taxes divided by interest expense. income before interest expense divided by interest expense. income before income taxes divided by income taxes.
The correct answer is option (c) earnings before interest and tax divided by interest expense.
What is times interest earned ratio?Based on its current income, a company's ability to pay off its debt is gauged using the times interest earned (TIE) ratio. EBIT divided by the total interest due on bonds and other debt is the calculation used to determine a company's TIE number.
An organisation is deemed to be at an acceptable risk from the standpoint of an investor or creditor if its times interest earned ratio is greater than 2.5. Less than 2.5 times interest earned is regarded as being a much higher risk for bankruptcy or default for a company.
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native american homeowners were much more likely than blacks to receive loans with unfavorable conditions such as prepayment penalties and high interest rates. true false
It is false that native american homeowners were much more likely than blacks to receive loans with unfavorable conditions.
Any member of the indigenous peoples of the Western Hemisphere is referred to as a Native American, also known as an American Indian, Amerindian, Amerind, Indian, aboriginal American, or First Nation person.
However, the term is frequently used to refer only to those groups whose original homelands were in what is now Canada and the United States. While some original American tribes were agricultural peoples, many of them were hunting and gathering societies.
In addition to a wide range of semidomesticated species of nut- and seed-bearing plants, American Indians domesticated a wide range of plants and animals, including corn (maize), beans, squash, potatoes and other tubers, turkeys, llamas, and alpacas.
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operations management is applicable: group of answer choices to all firms, whether manufacturing or service. mostly to the manufacturing sector. to services exclusively. to the manufacturing sector exclusively. mostly to the service sector.
Operations management is applicable to all firms, whether manufacturing and service.
What is management?Management refers to the management of an organization, such as a corporation, non-profit organization, or government agency.This is the art and science of managing company resources. Management includes the activities of setting an organization's strategy and coordinating people's efforts to achieve goals using available resources such as financial, natural, technological and human resources. His two concepts of "running a business" and "changing a business" are managed to distinguish between the continuous provision of goods and services and the adaptation of goods and services to the changing needs of customers. There are two concepts used. See trends. The term "administrators" can also refer to people who lead an organization, i.e. management.To learn more about management from the given link :
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the total value of inputs used in the production of 100,000 units of a good manufactured in a country is $150,000. assume that the country produces only this good and each unit of the good sells for $10. what is the gdp of the country?
The entire cost of inputs utilized in the manufacture of 100,000 units of an item in a nation is $150,000. Assume that the country solely produces this item and that each unit costs $10. The country's GDP is $1,000,000.
What is GDP?The gross domestic product is a monetary indication of the market value of all completed products and services produced in a country over a specific time period (GDP). This measurement is typically altered before it may be used. It cannot be relied on as an indication since it is so complex and subjective. Using GDP per capita at purchasing power parity as a baseline, one may compare national standards of living (PPP), although nominal GDP is more relevant for comparing national economies on the global market. However, GDP (nominal) per capita does not account for changes in inflation rates and living costs among nations.
Total valve of input = $150,000
Total value of production = 100,000 $10 = $1,000,000
So the correct answer is $1,000,000
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carrie uses her page on the etsy website to sell her hand-knit boot toppers and scarfs. rather than making an inventory of her items ahead of time, carrie waits until she receives an order and then begins to knit. which type of supply chain strategy is carrie relying on?
Carrie is relying on the supply chain of pull strategy.
Pull strategy is a supply chain that reacts in real time to current consumer demand. It is frequently compared to push strategy, which creates inventory ahead of expected customer demand based on projections, seasonal demand planning and historical trends.
The reason pull is sometimes referred to as 'demand-driven inventory planning' is because it starts with the customer's order. A business that uses a pull system manages inventory based on current conditions never keeps much of that item on hand. By buying or producing the item only after it has been sold, or by adding only one more item to a sold item, it will keep inventory at that level. Pull strategies are effective for products that are easy to produce or replenish, have a hazy demand, or don't benefit from economies of scale.
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a(n) involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
An executive interview involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
What is interview ?Usually a formal consultation to assess eligibility: a meeting to obtain information from people(reporters, television commentators, pollsters, etc.). : Reporting or presenting information so obtained. A successful interview allows the employer to determine whether the applicant's skills, experience and personality match the requirements of the position. It also helps employers assess whether an applicant is a potential fit for the company culture. Interview Skills are emotional and tactical techniques that help job seekers interview for new jobs more effectively.These skills must be mastered, as well as the technical and workplace skills necessary to perform well in a position.To learn more about interview from the given link :
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a company that buys products to use in the production or creation of other goods or services is a(n)
A company that buys products to use in the production or creation of other goods or services is a convenience buyer. A consumer good classified as a convenience good is one that is easily accessible and regularly bought.
A convenience good often does not require a lengthy decision-making process because it is easily accessible. Newspapers and candy are examples of convenience items, as opposed to speciality goods like vehicles, which are more expensive and frequently have higher opportunity costs for the consumer. Convenience product pricing is crucial to ensuring that consumer demand does not decline with the ups and downs of mainstream markets.
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on december 1, victoria company signed a 90-day, 4% note payable, with a face value of $10,200. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.) multiple choice $102 $0 $408 $68 $34
Principal amount = $10,200
Rate of Interest = 4%
Time period = 90 days
Therefore,
Amount of interest expense accrued =
= Principal * Rate of interest * Time period
= $10,200 * 0.04 * 90/360 [ given to use 360 days a year ]
= $408 * 90/360
= $102
Notes payable are long term and short term liabilities, depending on it's due date, that indicates the amount a company owes to it's creditors. For example loan from bank or friends or suppliers.
Long term = payable beyond 12 months, usually within 5 years
Short term = payable within 12 months.
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an example of an internal control weakness is to assign the human resource department responsibility for: multiple choice maintaining time cards. hiring personnel. authorizing deductions from pay. interviewing employees for jobs.
An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
What do you mean by internal control weakness and deduction from pay?
Internal control weaknesses are failures in the implementation or performance of internal controls. The company’s system may fail to implement its services efficiently regarding internal control.
The problem may further lead to issues in efficiency, regulatory and overall growth of the company.
Deductions from Pay = In this am employer is allowed to make the following deductions from an employee’s wage: Any deduction required or authorized by law.
Hence, An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
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the brazilian firm coffee trader group is a major supplier of south american coffee beans to processors around the world. ctg buys raw beans from domestic growers and resells them in global markets, while controlling all marketing and distribution of the beans everywhere they are sold. ctg is a(n):
CTG buys raw beans from domestic growers and resells them in global markets while controlling all marketing and distribution of the beans everywhere they are sold. CTG is a(n): Export-trading company.
Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.
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assume that a client was involved in a $1,000,000 fraud and that the cpa's percentage of responsibility established at 25%, while the company itself was responsible for the other 75%. under which approach to liability is the cpa most likely to avoid liability entirely?
Under contributory negligence is the CPA most likely to avoid liability entirely.
By saying that the company itself was involved majorly in the fraud the auditor can save himself. He can say for example that the company knew about the fraud but still didn't care to take preventive measures. The auditor must prove that the company had a duty to take certain precautions, that they failed to do so, and that this failure contributed to their downfall and involvement in different scams and fraud and should be penalized.
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sunny sky paid $30,000 cash for a piece of land to be used for a new corporate headquarters building. the journal entry to record this transaction will include a $30,000 . (check all that apply.) multiple select question. credit to land debit to cash debit to land expense debit to land debit to building credit to cash
Sunny Sky paid $30000 cash for a piece of land to be used for a new corporate headquarters building. The journal entry to record this transaction will include a $30000 Credit to cash and Debit to land.
What is Credit to cash?A corporation can obtain short-term finance using Cash Credits (CC). To put it another way, a cash credit is a brief loan given to a business by a bank. An organisation can use it to withdraw funds from a bank account without maintaining a credit balance. Only loans up to the borrowing limit are permitted from the account.
A short-term business loan known as cash credit is given to companies to maintain their working capital, whereas overdraft facilities are given to companies and people who want to withdraw more money than their available bank account balance.
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maurice lives in a common law state and owns his primary residence worth $800,000 jointly with bixby. maurice also owns a vacation home in another state titled as jtwros with bixby. the fmv of the vacation home is $400,000. maurice bought an office suite with a business partner and contributed $150,000 toward the $250,000 purchase price. they titled the property as tenants in common. the fmv of the office suite is $320,000. if maurice dies today, what is the value of the real property included in his gross estate? assume bixby did not contribute anything towards the real properties.
The survey revealed a misrepresentation in the factor under consideration (the amount of the land), therefore Maurice has the option of voiding it or not.
A contract that is voidable is one that has that option. Maurice is the only party that is hurt in this situation, hence only he has the option of nullifying it or not. It is up to him whether they bargain over a discount or something else.Dream Home as a reference. On the lake, Maurice discovers his ideal house. He wants to purchase it but is concerned if he will be approved for a loan.With the seller, he enters a contract stating that, subject to financing, he will purchase the house.In his contract with the seller, Maurice additionally stipulates that the seller will repurchase the house from him for the same price if the sale goes through but he loses his job within a year. Maurice made the decision to have new windows installed in the house after obtaining a loan and purchasing the property. He signed an agreement with a window builder. The window installer came to the house, but Maurice was never there.
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the price of an interest rate swap is most accurately described as: a) zero at the initiation of the swap contract. b) decreasing when the reference rate increases. c) constant throughout the life of the swap contract.
The price of an interest rate swap is most accurately described as the price of an interest rate swap is the fixed interest rate specified in the contract.
The value of an interest rate swap is typically zero at initiation and may vary during the life of the contract as expected future interest rates change.
The value of a switch is its market fee at any point in time. remotepilot101.com At inception, the cost of an interest fee change is zero. The fee of the switch refers to the initial terms of the change at the start of the change's lifestyle.
At initiation, a change normally has a 0 price. however, during its life, a swap may have a zero, terrible, or high-quality fee, relying on adjustments in market values.
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ask your teacher practice another the manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month. a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. what rent (in dollars per month) should the manager charge to maximize revenue?
If a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue will be $1,000.
x = $10 increases
Price=$900+10x
Quantity=100-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(900+10x) (100-x)
The second step is to maximize the revenue
R(x)=90,000 +200x-10x²
The third step is to find the derivative and set it to zero
R(x)=200-20x
0=200-20x
20x=200
Divide both sides by 20x
x=200/20
x=10
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$900+10x
Price=$900+10(10)
Price=$900+$100
Price=$1,000
marketplace survey is the survey studies and evaluation of the marketplace for a selected product/carrier which incorporates the research into patron dispositions. An observation of diverse consumer abilities consisting of investment attributes and buying potential.
Surveys are used to accumulate or advantage understanding in fields along with social studies and demography. Survey studies are often used to assess thoughts, opinions, and feelings. Surveys can be specific and constrained, or they could have more fantastic worldwide, good-sized dreams.
The survey technique is the exercise of collecting records for observation by way of asking human questions associated with your research. generally, researchers survey humans who've unique knowledge, insights, or studies related to the study.
market research is a prepared effort to gather data approximately goal markets and clients: know approximately them, beginning with who they may be. it is an important factor in business approach and a primary factor in preserving competitiveness.
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barbara's bakery purchased three new 7-year assets last year. she chose not to use section 179 immediate expensing or take bonus depreciation. the furnishings were purchased for $15,000 in april, the equipment for $6,000 in july, and the appliances for $40,000 in november. what amount of depreciation expense is allowable in the current (second) year of ownership?
The amount of significant improvements you make to the property will raise your basis, whereas the amount of depreciation deductions you claim on your tax return will lower it.
How does depreciation affect the tax basis of an asset?Depreciation lowers the amount of taxes an organization or business pays by tracing the decline in the value of an asset or assets.A company's depreciation expense reduces the amount of earnings on which taxes are based, thus reducing the amount of taxes owed.The depreciation expenses =( $15,000 × 17.85%) + ( $6000 × 10.71%) + ($40000 × 3.57%)
= $2677.50 + $ 642.6 + $ 1428 = $ 4748.
Normally, we use the half-year approach for assets bought throughout the year, but in this case, we utilized the midpoint as the majority of the assets were bought in the final quarter of the year.=Assets purchased in last quarter / Total assets purchased in the year × 100.
= 40000/61000 ×100 = 65.57
= 65.67 (It exceeds 40%).
Therefore, for the seven-year assets that we buy this year, we can utilize the mid-quarter mars depreciation rates.To Learn more About tax return Refer to:
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rylan industries is expected to pay a dividend of $5.70 year for the next four years. if the current price of rylan stock is $31.27, and rylan's equity cost of capital is 12%, what price would you expect rylan's stock to sell for at the end of the four years?
When the stock price falls, the yield will rise, assuming that the dividend is not increased or decreased. Conversely, when the stock price rises, it will decrease.
When stocks are rapidly losing value, dividend yields frequently appear to be unusually high because they fluctuate in relation to the stock price.
How are prices affected by dividends?
The price of the stock frequently rises after a dividend is declared. However, a stock dividend reduces the book value per common share while increasing the number of outstanding shares while maintaining the company's value. As a result, the stock price decreases.
D $21.96
If the selling price is $x after four years, the present value of all dividends and the selling price will equal the current price at a cost of capital of 12%.
31.27 = 5.70/1.12 + 5.70/1.122 + 5.70/1.123 + 5.70/1.124 + x/1.124 31.27 = 17.31 + x/1.124 x/1.124 = 13.96 x = 13.96*1.124 x = $21.96, which indicates that the selling price will be $21.96 at the end of the four-year period.
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Full Question = Rylan Industries is expected to pay a dividend of $5.70 year for the next four years. If the current price of Rylan stock is $31.27, and Rylan's equity cost of capital is 12%, what price would you expect Rylan's stock to sell for at the end of the four years?
A) $17.57
B) $61.49
C) $39.53
D) $21.96
heather agrees to work for noah for one year in his law office. noah writes an employment contract that states that heather is to earn $20 per hour and to work forty hours per week. noah terminates heather's employment after six months. heather sues to recover what she claims are her losses. at trial, both parties discover that the contract says that heather's hourly wage is $0.20. what can heather and noah do about the error?
The correct answer is they can offer parol evidence to clarify the clerical error.
Given that a wage of $20 per hour and forty hours per week were agreed upon, it is clear that a clerical error occurred when the contract was written.
Because the rule of parol evidence governs the types of evidence that can be used to confirm a clerical error and repair it, it can be used to remedy this error.
In actuality, this rule is applied to resolve contractual disputes in order to repair a typing error by establishing the genuine, mutually agreed-upon provisions of the contract.
This parol proof truly protects the integrity of the contract because it forbids any modification of contracts or documents and prevents meaning changes brought on by errors and the like.
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during the month, southeast plumbing paid $600 to settle warranty claims. southeast uses an estimated warranty account. the journal entry to record the payment would have been:
The journal entry to record the payment would have been debit Estimated warranty payable, $600; credit Cash, $600.
A company may have a warranty policy, under which it commits to customers that it will fix or replace certain types of product damage within a predetermined period of time after the sale. The business should accrue an expense that reflects the cost of these anticipated claims if it can reasonably estimate the number of warranty claims that are likely to be made under the policy.
The accrual must occur during the exact same reporting period that the related product sales are recorded. By doing this, the financial statements show all costs related to product sales in the most accurate way possible, revealing the true profitability of those sales.
If management changes the warranty's coverage period, this will affect the expense for warranties for sales made both in the current period and in previous periods whose warranties have since been extended into the current period.
The cost of warranty claims might not be recognized for several months after the related sales if they were instead only recognized when the business actually processes claims from customers. For the duration of the warranty period, the financial reporting using this strategy would produce abnormally high initial profits followed by depressed profits in later months.
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what are buyers unsure about when a market has an adverse selection problem due to seller's having private information? the quality level of the units that are for sale. the level of quality that is desired in the product. the number of sellers that are in the market. the price that each seller is charging.
The buyers unsure about when a market has an adverse selection problem due to seller's having private information the price that each seller is charging.
What is a price?The sum or amount of money or value that something is bought, sold, or offered for sale. Amount offered for capture of survivors or deceased: The authorities placed a bounty on his head. The amount of the price or compensation (usually non-negative). In some cases, the production price is given another name. This competition of sellers versus sellers and buyers versus buyers determines the price of a product. Price is a measure of how rare a product is compared to all other products and all income. By definition, a price is the amount a customer must pay for a product or service. In other words, a price is a sale offer in a currency for a certain amount. The word offer here indicates that the price may change if an insufficient number of customers are found at the original price of the product.To learn more about price from the given link :
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