The profit for segment Z’s for the current year is $500,000.
Segment Z's profit for the current year can be calculated by subtracting its traceable expenses and allocated common expenses from its sales.
1. First, we need to calculate the allocated common expenses for segment Z. This is done by taking the ratio of segment Z's sales to total sales and multiplying it by the total common expenses.
Segment Z's sales to total sales ratio = 3,000,000 / 12,000,000 = 0.25
Total common expenses = 1,800,000 + 1,200,000 + 600,000 + 400,000 = 4,000,000
Allocated common expenses for segment Z = 0.25 x 4,000,000 = 1,000,000
2. Now we can calculate segment Z's profit for the current year:
Segment Z's profit = Sales - Traceable expenses - Allocated common expenses
= 3,000,000 - 1,500,000 - 1,000,000
= 500,000
Therefore, segment Z's profit for the current year is $500,000.
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You are a wealthy individual and you are considering two alternative investments in private businesses. The first business is structured as a partnership, and your income will flow through to you and you will be taxed at your personal tax rate, which is 40%. The second is structured as a corporation, where the income will be taxed at the corporate tax rate of 30%, and the post-corporate tax returns you make on your investment will be taxed at your capital gains tax rate of 20%. If the partnership investment is expected to generate a pre-tax return of 12%, what return would you need to make on the corporate investment, before corporate and capital gains taxes, to break even on an after-tax basis?
Question 6 options: 7.20%
10.29%
11.25%
12.86%
21.43%
The return on the corporate investment is option 12.86%. (D)
To break even on an after-tax basis, the return on the corporate investment before corporate and capital gains taxes must be 12.86%.
Step 1: Calculate the after-tax return on the partnership investment:
12% x (1 - 40%) = 7.20%
Step 2: Calculate the after-tax return on the corporate investment before capital gains taxes:
x x (1 - 30%) = 7.20% / (1 - 20%)
Step 3: Solve for x:
x = 7.20% / (1 - 30%) x (1 - 20%)
x = 12.86%
Therefore, the return on the corporate investment before corporate and capital gains taxes must be 12.86% to break even on an after-tax basis with the partnership investment.
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Complete question:
You are a wealthy individual and you are considering two alternative investments in private businesses. The first business is structured as a partnership, and your income will flow through to you and you will be taxed at your personal tax rate, which is 40%. The second is structured as a corporation, where the income will be taxed at the corporate tax rate of 30%, and the post-corporate tax returns you make on your investment will be taxed at your capital gains tax rate of 20%. If the partnership investment is expected to generate a pre-tax return of 12%, what return would you need to make on the corporate investment, before corporate and capital gains taxes, to break even on an after-tax basis?
7.20%
10.29%
11.25%
12.86%
21.43%
Describe ONE (1) reason of why discipline in workplace is
important. Then briefly explain TWO (2) situations that will cause
the employee to be called for disciplinary actions.
Discipline in the workplace is important for a variety of reasons, including maintaining a productive and efficient work environment, ensuring the safety of all employees, and preventing misconduct or inappropriate behavior.
Two situations that could lead to disciplinary actions for an employee include:
1. Violating company policies or procedures: This could include anything from not following proper safety protocols to engaging in unethical behavior, such as stealing or harassment.
2. Poor job performance: If an employee consistently fails to meet expectations or does not complete tasks in a timely or satisfactory manner, they may be subject to disciplinary actions.
Both of these situations could result in a variety of disciplinary actions, ranging from verbal warnings to termination, depending on the severity of the issue and the company's policies.
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If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then what will happen to the exchange rate between USD and taka. What could Bangladesh Bank do to keep the exchange rate unchanged? Make sure you draw a diagram to show your answer.
If remittance drops 10% annually due to Covid and every other thing remains constant, then the exchange rate between USD and taka would likely decrease. This is because remittance is a major source of foreign exchange for Bangladesh, and a decrease in remittance would lead to a decrease in the supply of foreign exchange.
As a result, the demand for foreign exchange would exceed the supply, leading to a depreciation of the taka against the USD.
To keep the exchange rate unchanged, Bangladesh Bank could intervene in the foreign exchange market by selling its foreign exchange reserves. This would increase the supply of foreign exchange and help to stabilize the exchange rate.
However, this would also lead to a decrease in the foreign exchange reserves, which could have negative implications for the country's economy.
Here is a diagram to show the effect of a decrease in remittance on the exchange rate:
In this diagram, S1 represents the supply of foreign exchange before the decrease in remittance, and D represents the demand for foreign exchange. As remittance decreases, the supply of foreign exchange shifts to the left (S2), leading to a depreciation of the taka against the USD.
By selling its foreign exchange reserves, Bangladesh Bank can shift the supply curve back to the right (S1) and stabilize the exchange rate.
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Inventory Costing Solution (Periodic Inventory System) Science Education Supplies, Inc. began the year with 70 Biology Lab Microscopes in stock. The following table shows the quantities on hand and purchased during the year. Units Unit Cost Total Cost 70 57.81 110 58.03 80 Acquisition Dates Beginning Inventory, Jan. 1 Purchases January 25 March 8 June 15 July 27 August 30 Units and Cost of Goods Available for Sale 59.00 210 60.00 70 63.00 60 64.00 Instructions: Determine the value of the ending inventory reported on the balance sheet and the value for cost of goods sold recognized on the income statement for the following four scenarios. Ending inventory consists of 150 microscopes for each scenario. Specific Identification Method: Assume the ending inventory consists of the 60 units acquired on August 30, 20 units acquired on July 27, and 70 units acquired on June 15. Acquisition Dates Units Unit Cost Total Cost Previous C Unistat COSTCONGO's Available for Sale Instructions: Determine the value of the ending inventory reported on the balance sheet and the value for cost of goods sold recognized on the income statement for the following four scenarios. Ending inventory consists of 150 microscopes for each scenario. Specific Identification Method: Assume the ending inventory consists of the 60 units acquired on August 30, 20 units acquired on July 27, and 70 units acquired on June 15. Acquisition Dates Units Unit Cost Total Cost Ending Inventory Value Total Cost of Goods Available Less: Ending Inventory Cost of Goods Sold Value: Weighted Average Cost Method Weighted Avg. Cost per Unit = Units in Ending Inventory = Ending Inventory Value = Weighted Avg. Cost per Unit Units Sold Cost of Goods Sold = FIFO (First-In First-Out) Method Compute Ending Inventory Previous FIFO (First-In First-Out) Method Compute Ending Inventory Units Acquisition Dates Unit Cost Total Cost Ending Inventory Value = Compute Cost of Goods Sold Total Cost of Goods Available Less: Ending Inventory Cost of Goods Sold Value: LIFO (Last-In First-Out) Method Compute Ending Inventory Acquisition Dates Units Unit Cost Total Cost Ending Inventory Value = Compute Cost of Goods Sold Total cost of Goode Available * Previous Liro Last TISTUU wethou Compute Ending Inventory Acquisition Dates Units Unit Cost Total Cost Ending Inventory Value = Compute Cost of Goods Sold Total Cost of Goods Available Less: Ending Inventory Cost of Goods Sold Value: 1. Which inventory valuation method will be likely to approximate replacement cost on the balance sheet? 2. During periods when prices continue to rise, which inventory valuation method will result in the highest net income being reported? 3. During periods when prices continue to reise, which inventory valuation method will result in the lowest net income being reported?
The value of the ending inventory and the cost of goods sold can be determined using the following methods: Specific Identification Method, Weighted Average Cost Method, FIFO (First-In First-Out) Method, and LIFO (Last-In First-Out) Method.
Specific Identification Method:
Ending Inventory Value = (60 units x $64.00) + (20 units x $63.00) + (70 units x $60.00) = $9,300
Cost of Goods Sold Value = Total Cost of Goods Available - Ending Inventory Value = $14,500 - $9,300 = $5,200
Weighted Average Cost Method:
Weighted Avg. Cost per Unit = Total Cost of Goods Available / Units Available for Sale = $14,500 / 350 = $41.43
Ending Inventory Value = Weighted Avg. Cost per Unit x Units in Ending Inventory = $41.43 x 150 = $6,214.50
Cost of Goods Sold = Weighted Avg. Cost per Unit x Units Sold = $41.43 x 200 = $8,285.50
FIFO (First-In First-Out) Method:
Ending Inventory Value = (60 units x $64.00) + (90 units x $60.00) = $9,240
Cost of Goods Sold Value = Total Cost of Goods Available - Ending Inventory Value = $14,500 - $9,240 = $5,260
LIFO (Last-In First-Out) Method:
Ending Inventory Value = (70 units x $57.81) + (80 units x $58.03) = $8,690.10
Cost of Goods Sold Value = Total Cost of Goods Available - Ending Inventory Value = $14,500 - $8,690.10 = $5,809.90
1. The FIFO (First-In First-Out) Method will likely approximate replacement cost on the balance sheet because it assumes that the most recent purchases are still in inventory and therefore reflects the current market prices.
2. During periods when prices continue to rise, the FIFO (First-In First-Out) Method will result in the highest net income being reported because it assumes that the oldest, and therefore the cheapest, inventory is sold first, resulting in a lower cost of goods sold and a higher net income.
3. During periods when prices continue to rise, the LIFO (Last-In First-Out) Method will result in the lowest net income being reported because it assumes that the most recent, and therefore the most expensive, inventory is sold first, resulting in a higher cost of goods sold and a lower net income.
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MKTG 6900-01 Marketing Strategy1. What actions do you recommend Netflix to increase its customer lifetime value?2. How can Netflix improve its prospect lifetime value?
3. What is Netflix’s biggest competitive vulnerability?
1. One action that Netflix can take to increase its customer lifetime value is to focus on personalization and recommendation algorithms.
2. To improve its prospect lifetime value, Netflix can focus on targeted marketing efforts to reach potential customers who are most likely to be interested in its services.
3. One of Netflix's biggest competitive vulnerabilities is the increasing competition in the streaming market, with companies like Amazon, Disney, and Apple all offering their own streaming services.
1. This can help to increase customer satisfaction and engagement, leading to longer-term subscriptions and higher customer lifetime value. Additionally, Netflix can focus on creating original content that appeals to its target demographic, as well as providing exclusive access to popular TV shows and movies that can't be found on other platforms.
2. This can include targeted advertising on social media platforms, as well as partnerships with influencers and other companies to reach new audiences. Additionally, Netflix can offer free trials or other promotions to encourage prospects to try its services and potentially convert into paying customers.
3.This competition can lead to a loss of market share and a decrease in customer lifetime value. To mitigate this risk, Netflix can focus on differentiating its services through original content, exclusive access to popular TV shows and movies, and personalized recommendations.
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Sunco Oil has three different processes that can be used to manufacture various types of gasoline. Each process involves blending oils in the company’s catalytic cracker. Running process 1 for an hour costs $20 and requires two barrels of crude oil 1 and three barrels of crude oil 2. The output from running process 1 for an hour is two barrels of gas 1 and one barrel of gas 2. Running process 2 for an hour costs $30 and requires one barrel of crude 1 and three barrels of crude 2. The output from running process 2 for an hour is three barrels of gas 2. Running process 3 for an hour costs $14 and requires two barrels of crude 2 and three barrels of gas 2. The output from running process 3 for an hour is two barrels of gas 3. Each month, 4000 barrels of crude 1, at $45 per barrel, and 7000 barrels of crude 2, at $55 per barrel, can be purchased. All gas produced can be sold at the following per-barrel prices: gas 1, $85; gas 2, $90; gas 3, $95. Determine how to maximize Sunco’s profit (revenues less costs). Assume that only 2500 hours of time on the catalytic cracker are available each month.
To maximize Sunco's profit, we need to determine how many hours to run each process and how many barrels of each type of crude oil and gas to produce and sell.
We can do this by setting up a linear programming problem with the following decision variables:
x1 = hours to run process 1
x2 = hours to run process 2
x3 = hours to run process 3
c1 = barrels of crude 1 to purchase
c2 = barrels of crude 2 to purchase
g1 = barrels of gas 1 to produce and sell
g2 = barrels of gas 2 to produce and sell
g3 = barrels of gas 3 to produce and sell
The objective function is to maximize profit, which is the difference between revenues and costs:
maximize P = 85g1 + 90g2 + 95g3 - 45c1 - 55c2 - 20x1 - 30x2 - 14x3
The constraints are based on the available resources and the requirements of each process:
c1 <= 4000 (available crude 1)
c2 <= 7000 (available crude 2)
x1 + x2 + x3 <= 2500 (available time on catalytic cracker)
2x1 <= c1 (crude 1 required for process 1)
3x1 + 3x2 <= c2 (crude 2 required for processes 1 and 2)
3x3 <= g2 (gas 2 required for process 3)
g1 = 2x1 (gas 1 produced from process 1)
g2 = x1 + 3x2 - 3x3 (gas 2 produced from processes 1, 2, and 3)
g3 = 2x3 (gas 3 produced from process 3)
All decision variables must also be non-negative:
x1, x2, x3, c1, c2, g1, g2, g3 >= 0
We can solve this linear programming problem using a software package such as Excel Solver or LINGO. The optimal solution will give us the values of the decision variables that maximize Sunco's profit.
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As of Monday, 28 February 2022, the bid on the Japanese yen was
$0.00850 and the ask was 0.00869, which means the bid/ask spread,
rounded to two decimal places as a percent, was __%
As of Monday, 28 February 2022, the bid on the Japanese yen was
$0.00850 and the ask was 0.00869, which means the bid/ask spread,
rounded to two decimal places as a percent, was 2.19%.
The bid/ask spread can be calculated by subtracting the bid price from the ask price and then dividing the result by the ask price. This gives us the spread as a decimal, which can then be converted to a percentage by multiplying by 100.
In this case, the bid/ask spread is:
Spread = (Ask - Bid) / Ask
Spread = (0.00869 - 0.00850) / 0.00869
Spread = 0.00019 / 0.00869
Spread = 0.02187
To convert this to a percentage, we multiply by 100:
Spread = 0.02187 * 100
Spread = 2.19%
Therefore, the bid/ask spread, rounded to two decimal places as a percent, is 2.19%.
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Suppose that the annual return for a particular stock follows the same distribution every year, and that the return for any given year is independent of the returns for any prior years. You are given that the stock's average annual return of a 35 year period was 15%, and that the stock's volatility over that period was 32%. Calculate the upper bound of the 95% confidence interval for the stock's expected annual return. Use the approximation formula from Berk and DeMarzo.
A. 25.82%
B. 23.49%
C. 25.04%
D. 22.72%
E. 24.27%
The upper bound of the 95% confidence interval for the stock's expected annual return is 23.49%.The correct answer is B. 23.49%.
To calculate the upper bound of the 95% confidence interval for the stock's expected annual return, we can use the approximation formula from Berk and DeMarzo:
Upper bound = Average annual return + (1.96 x Volatility / √N)
Where N is the number of years in the period.
Plugging in the given values:
Upper bound = 15% + (1.96 x 32% / √35)
Upper bound = 15% + 10.49%
Upper bound = 25.49%
However, we need to subtract the average annual return from the upper bound to get the actual upper bound of the confidence interval:
Upper bound - Average annual return = 25.49% - 15% = 10.49%
Therefore, the upper bound of the 95% confidence interval for the stock's expected annual return is 10.49% above the average annual return, or 23.49%.
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The income statement of the Bryant Corporation is as follows:
Bryant Corportaion
Income Statement
For the year ended December 31, 2011
Sales $350,000
Cost of Goods sold $125,000
Gross Margin $225,000
Operating Exp (other than depreciation) $60,000
Depreciation $20,000 $80,000
Net Income $145,000
Changes in current assets (other than cash) and current liabilities during the year were:
Accounts receivable increase of $10,000
inventory decrease of $20,000
prepaid insurance increase $8000
accounts payable decrease $15,000
accured liabilities increase $4000
Depreciation is the only item impacting net income.
Required:
1.Prepare cash flow from operating activities under the direct method
2. prepare cash flow from operating activities under the indirect method.
Both the direct and indirect methods result in the same cash flow from operating activities of $156,000.
1. Cash flow from operating activities under the direct method:
Cash received from customers = Sales - Increase in accounts receivable = $350,000 - $10,000 = $340,000
Cash paid for inventory = Cost of goods sold - Decrease in inventory + Decrease in accounts payable = $125,000 - $20,000 + $15,000 = $120,000
Cash paid for operating expenses = Operating expenses (other than depreciation) + Increase in prepaid insurance - Increase in accrued liabilities = $60,000 + $8,000 - $4,000 = $64,000
Cash flow from operating activities = Cash received from customers - Cash paid for inventory - Cash paid for operating expenses = $340,000 - $120,000 - $64,000 = $156,000
2. Cash flow from operating activities under the indirect method:
Net income = $145,000
Adjustments for non-cash items:
Depreciation = $20,000
Changes in current assets and current liabilities:
Increase in accounts receivable = -$10,000
Decrease in inventory = $20,000
Increase in prepaid insurance = -$8,000
Decrease in accounts payable = -$15,000
Increase in accrued liabilities = $4,000
Cash flow from operating activities = Net income + Adjustments for non-cash items + Changes in current assets and current liabilities = $145,000 + $20,000 - $10,000 + $20,000 - $8,000 - $15,000 + $4,000 = $156,000
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QUESTION 22 What is one cost of avoiding insurance? A. falling into debt if faced with a serious problem B. not benefitting from insurance deductibles C. not being able to purchase a car or home D. facing increased probability of accidents
Answer:
A. falling into debt if faced with a serious problem
Silver Lake Cabinets is approached by Ms. Jenny Zhang, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers:
Direct materials $100
Direct labour 125
Variable manufacturing support 60
Fixed manufacturing support 75
Total manufacturing costs $360
Markup (60%) 216
Targeted selling price $576
Silver Lake Cabinets has excess capacity. Ms. Zhang wants the cabinets in cherry rather than oak, so direct material costs will increase by $30 per unit.
Required:
a. For Silver Lake Cabinets, what is the minimum acceptable price of this one-time-only special order?
b. Other than price, what other items should Silver Lake Cabinets consider before accepting this one-time-only special order?
c. How would the analysis differ if there was limited capacity?
a. The minimum acceptable price of this one-time-only special order is $660, b. Other than price, Silver Lake Cabinets should consider the amount of labour and other resources required to fulfill the one-time-only special order, as well as any additional costs such as materials, shipping, and taxes.
c. If there was limited capacity, Silver Lake Cabinets would need to assess the opportunity cost of the one-time-only special order against other potential opportunities,
For Silver Lake Cabinets, the minimum acceptable price of this one-time-only special order is $660. This is calculated by adding the additional direct material costs of $30 to the targeted selling price of $576, giving a total of $606. The markup (60%) is then added to this, giving a minimum acceptable price of $660.
If there was limited capacity, Silver Lake Cabinets would need to assess the opportunity cost of the one-time-only special order against other potential opportunities, to determine if it would be profitable for them to take on the order. They would also need to consider how the one-time-only special order would affect the production of regular orders, and the availability of resources to meet customer demand.
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Health Care Law and Legislation-W2
Dear Students, Crime – social harm defined & made punishable by law.
Misdemeanor – offense punishable by less than 1 year in jail and/or a fine.
Felony – imprisonment in a state or federal prison for more than a year.
Questions
Explain what criminal law is, the classification of crimes, and its purpose.
Describe the criminal procedure process from arrest through trial.
Describe several of the more common crimes that occur in the healthcare setting
Criminal law is a body of rules that defines and prohibits certain types of conduct, which are considered to be against the public welfare and punishable by the government. Common crimes that occur in the healthcare setting include fraud, embezzlement, insurance fraud, identity theft, and prescription drug fraud.
Crimes are typically classified as either misdemeanors or felonies. Misdemeanors are offenses punishable by a fine or up to one year in jail, while felonies are offenses that carry more serious penalties such as imprisonment for more than a year. The purpose of criminal law is to protect the public from harm, prevent crime, and to deter individuals from committing criminal acts. The criminal procedure process begins with an arrest and can include a variety of procedures such as pre-trial hearings, a grand jury, plea bargains, and a trial. During the trial, the prosecution and defense will present evidence, witnesses will testify, and the jury will determine guilt or innocence.
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Instructions: Select only ONE scenario from the three I have posted for "Assignment #1". Read the scenario and then use the information you have learned from this class, our class notes and any independent research you may want to use to reply to the questions listed below. Save your assignment, then upload to Blackboard within the Assignment 1 link. Please print your nam . Scenario: Congratulations you have just ascended to become your company's CEO - you are now at the top of a major electronics company operating at several locations around the world. Last year, under the watch of the previous CEO, your company suffered a large- scale recall which many people believe was not handled very well and many customers still view your company as having placed the company's interest above theirs. Today, you are within your first month on the job as CEO and unfortunately, the company just suffered another major crisis; • a large transport airplane carrying over S1OM worth of your company's products just crashed into an apartment complex in a large U.S.city: • National media is reporting that all 7 airplane crew members have died and at least 10 apartment residents are missing - including children: • Also, there is growing environmental concern that your electronic parts may contaminate a near-by lake where the city gets water from, and, • your investors have begun to sell-off your company's stock fearing large- scale financial losses. What should you do and why? 1. How do you want your company's, and your own actions, to be viewed (Obstructionist, Defensive, Accommodative or Proactive) and why? (basically, first decide how you want your company to be remembered as, what legacy do you want from this situation? This will guide your next actions). 2. Think about this scenario step-by-step, who do you have an obligation to first, second, third, and so on? 3. What can you depend on to give you a sense of what to do? (HINT: think about codes of conduct. core values and mission statements, etc.). 4. What else should you do? *I need to see 3-4 sentences per question here! Continue to next page. In-class Assignment ! Scenario B
As the new CEO of a major electronics company, it is important to approach this crisis situation in a proactive and ethical manner. The first step would be to take responsibility for the accident and express empathy for the families of the airplane crew members and the apartment residents who were affected. It is important to prioritize the well-being of these individuals above the financial concerns of the company.
1. I would want my company's actions to be viewed as proactive and responsible. It is important to take immediate action to address the situation and provide support for those affected. This includes addressing the environmental concerns and working with local authorities to ensure the safety of the community.
2. My first obligation would be to the families of the airplane crew members and the apartment residents who were affected. Next, I would prioritize addressing the environmental concerns and ensuring the safety of the community. Finally, I would work to address the concerns of the company's investors and reassure them of the company's commitment to ethical and responsible behavior.
3. To guide my actions, I would depend on the company's code of conduct, core values, and mission statement. These documents provide a framework for ethical and responsible behavior and can help guide decision-making in a crisis situation.
4. In addition to taking immediate action to address the situation, it would also be important to conduct a thorough investigation to determine the cause of the accident and take steps to prevent similar incidents from occurring in the future. Additionally, it would be important to communicate transparently with all stakeholders, including employees, customers, and investors, about the company's actions and plans for addressing the situation.
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Bonding does not discourage loss from theft because employeesknow that bonding is an insurance policy against loss fromtheft.TrueFalse
The given statement "bonding does not discourage loss from theft because employees know that bonding is an insurance policy against loss from theft" is false because bonding does discourage loss from theft because employees know that if they are caught stealing, the bonding company will pursue them for repayment.
Bonding is a type of insurance policy that protects a company from financial loss due to employee theft or fraud. It is designed to provide compensation to the company if an employee is found guilty of stealing or committing fraud. This means that if an employee is bonded and they are caught stealing, they will be held accountable for their actions and will have to repay the bonding company for any losses. This creates a strong deterrent for employees to engage in theft or fraud, as they know that they will be held responsible for their actions.
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E/R and UML (40 points) Restaurant chain management database system The following data model is designed to hold customer ordering information relating to a restaurant chain. For this scenario we need to define the following facts: These facts define the requirements which the Database must meet and should be agreed between the Database User and the Database Designer prior to physical creation. Assuming that the restaurant chain has restaurants in many locations throughout the United States and each restaurant has employees and food items to offer: Restaurants - A restaurant of the Restaurant Chain may have location information, phone number, etc. Menu items - name, price. e.g. Hamburger, $3.50 Customers - Name, address (for delivery purpose), phone. etc. The Entities are related as follows: Restaurants can have various kinds of menu items. Customers may order menu items from various restaurant locations. . . When asking questions of the database we may need to know: 1. Which customer ordered which items in which location? Create an UML diagram capturing the objects and relationships described above. Describe all your design choices and constraints. Please use the notation for UML diagrams introduced in the course. Rubrics used will be similar to the homework Rubrics for grading. (40 points) Required entity sets 8 pts Appropriate attributes for all entity sets 8 pts Correct Relationships (showing multiplicity) 8 pts Correct keys and foreign keys 8 pts
To design the database system for the restaurant chain management, we need to create an UML diagram that captures the objects and relationships described in the question. The UML diagram should include the following entity sets: Restaurants, Menu Items, and Customers. Each entity set should have appropriate attributes and relationships with other entity sets.
The UML diagram for the restaurant chain management database system is as follows:
[Restaurants] -----< [Menu Items] >----- [Customers]
The Restaurants entity set should have the following attributes: Location, Phone Number, etc. The Menu Items entity set should have the following attributes: Name, Price. The Customers entity set should have the following attributes: Name, Address, Phone, etc.
the relationships between the entity sets are as follows:
- Restaurants can have various kinds of menu items. This is represented by the one-to-many relationship between Restaurants and Menu Items.
- Customers may order menu items from various restaurant locations. This is represented by the many-to-many relationship between Customers and Menu Items.
The keys and foreign keys for the entity sets are as follows:
- The primary key for the Restaurants entity set is the Location attribute.
- The primary key for the Menu Items entity set is the Name attribute.
- The primary key for the Customers entity set is the Name attribute.
- The foreign key for the Menu Items entity set is the Location attribute, which references the Location attribute in the Restaurants entity set.
- The foreign key for the Customers entity set is the Name attribute, which references the Name attribute in the Menu Items entity set.
Overall, the UML diagram for the restaurant chain management database system captures the objects and relationships described in the question and includes the required entity sets, appropriate attributes, correct relationships, and correct keys and foreign keys.
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The stockholders' equity section of benton corporation's balance sheet as of december 31, 2015 is as follows:
For the stock dividends, the fair market value per share is used to calculate the number of additional shares issued. Hence, no journal entries.
Here are the journal entries required for each transaction:
Jan. 5:
Cash (532,000 shares x $8) $4,256,000
Common stock ($5 par value x 532,000 shares) 2,660,000
Paid-in capital in excess of par 1,596,000
No entry is required for the authorization of the shares.
Jan. 16:
Retained earnings 60,000
Dividends payable 60,000
Feb. 10:
Cash (40,000 shares x $13) $520,000
Common stock ($5 par value x 40,000 shares) 200,000
Paid-in capital in excess of par 320,000
No entry is required for the authorization of the shares.
Mar. 1:
Retained earnings 1,590,000
Common stock (180,000 shares x $5 par) 900,000
Paid-in capital in excess of par 690,000
Apr. 1:
No journal entry is required for a stock split.
July 1:
Retained earnings 1,530,000
Common stock (27,000 shares x $5 par) 135,000
Paid-in capital in excess of par 1,395,000
Aug. 1:
Retained earnings 60,000
Dividends payable 60,000
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The complete question is:
The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:
Stockholders' Equity
Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares $1,500,000
Paid-in capital in excess of par 840,000
Retained earnings 3,060,000
Total $5,400,000
The following events occurred during 2015:
Jan. 5 32,000 shares of authorized and not issued common stock were sold for $8 per share.
Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5.
Feb. 10 40,000 shares of authorized and not issued common stock were sold for $13 per share.
March 1 A 30% stock dividend was declared and issued. Fair market value per share is currently $15.
April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair market value on March 31 was $18 per share.
July 1 A 15% stock dividend was declared and issued. Fair market value is currently $10 per share.
Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.
Required:
Prepare the journal entries required for each of these transactions. If any do not require a journal entry, explain why not.
You are evaluating the following two mutually exclusive projects:
Project Year 0 Year 1 Year 2
A -$100 $90 $145
B -$50 $50 $120
Both have 15% cost of capital. Using NPV profiles for Projects A and B, determine which project would be chosen under each of IRR rule and NPV rule. (Hint: Draw the NPV profiles.)
a. Cannot be determined.
b. B under IRR rule, and A under NPV rule
c. A under both IRR and NPV rules
d. A under IRR rule, and B under NPV rule
e. B under both IRR and NPV rules
Using NPV profiles for Projects A and B, Project A should be chosen under both IRR and NPV rules.
The correct answer is option c.
To determine which project would be chosen under the IRR rule and NPV rule, we need to calculate the IRR and NPV for both projects. The IRR is the discount rate that makes the NPV of a project equal to zero, and the NPV is the present value of future cash flows minus the initial investment.
For Project A:
IRR = 34.84%
NPV = $90/(1+15%) + $145/(1+15%)^2 - $100 = $90/1.15 + $145/1.3225 - $100 = $78.26 + $109.65 - $100 = $87.91
For Project B:
IRR = 41.42%
NPV = $50/(1+15%) + $120/(1+15%)^2 - $50 = $50/1.15 + $120/1.3225 - $50 = $43.48 + $90.70 - $50 = $84.18
Based on the calculations, Project A has a higher NPV ($87.91) than Project B ($84.18), so it would be chosen under the NPV rule.
Project A also has a higher IRR (34.84%) than Project B (41.42%), so it would be chosen under the IRR rule.
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Scholarships, grants and work study money all reduce the of high education
Grants can be of various types. The net cost of higher education is reduced by scholarships, grants, and work-study funding. The annual cost of attendance for the college, excluding grants, scholarships, tuition waivers, and other financial aid.
Why is scholarship advantageous?By reducing the financial barrier, scholarship supports the advancement of your academic and professional ambitions. All of your financial worries disappear if you receive a scholarship. You can use the extra time to study, learn, and earn higher marks.
What percentage of students receive scholarships, and how much?A 22 percent decline from the previous year, the typical scholarship payout in 2022 was $6,041 instead of $7,012. Sixty percent of American families paid for college with scholarships during the 2021–22 school year.
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Which CRM module that integrates lead generation, pricing,
promotions, order configurations, and availability?
The CRM module that integrates lead generation, pricing, promotions, order configurations, and availability is the Salesforce CRM module.
Salesforce CRM is a cloud-based customer relationship management platform designed to automate and manage customer sales, marketing, and service interactions. This module is designed to help businesses manage their sales processes and keep track of potential and current customers.
It includes features such as lead generation and tracking, pricing and promotions management, order configuration and processing, and availability tracking. It offers features like lead management, contact management, sales force automation, analytics, customer service, and partner management. By using the Salesforce module, businesses can streamline their sales processes and improve their customer relationships.
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Sophan Industries has 50 million shares outstanding trading at
$35.50 per share today. The book value of the company is $1 billion
dollars. What is the market value of the company and market value
add
The market value of Sophan Industries is $1.775 billion dollars. This is calculated by multiplying the number of outstanding shares (50 million) by the current market price per share ($35.50), which gives us a market value of $1.775 billion.
The market value of the company is the total value of all the outstanding shares of the company. It is calculated by multiplying the number of outstanding shares by the current stock price.
In the case of Sophan Industries, the market value is calculated as follows:
Market value = 50 million shares * $35.50 per share = $1,775,000,000
Therefore, the market value of Sophan Industries is $1.775 billion dollars.
The market value add (MVA) is the difference between the market value and the book value of the company. It is calculated as follows:
MVA = Market value - Book value = $1.775 billion - $1 billion = $775 million
Therefore, the market value add for Sophan Industries is $775 million.
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Julie is a chemist. She is required to do some research work from home and has kept a record over a four week period in August 2020 showing that she spends an average of 12 hours per week working from home. She has not had any holidays during the year. Her mobile phone and laptop were supplied by her employer. The expenses she has incurred in relation to her work from home are:
Internet $50 per month 15% for work purposes from a diary record kept in August.
Stationery $ 62
Office chair $189 purchased Sept 12, 2020 (used only for work)
Coffee and milk $35
(for periods working from home only)
Determine which method will provide Julie with the best claim at Item D5 and provide full workings below. Provide brief reasons for items not allowed.
The two methods that Julie can use to claim expenses for working from home are the fixed rate method and the actual expenses method. The fixed-rate method allows Julie to claim a fixed rate of 52 cents per hour for each hour she worked from home, while the actual expenses method allows Julie to claim the actual expenses she incurred for working from home.
Fixed rate method:
Total hours worked from home = 12 hours/week x 4 weeks = 48 hours
Total claim = 48 hours x $0.52/hour = $24.96
Actual expenses method:
Internet = $50/month x 15% = $7.50
Stationery = $62
Office chair = $189
Coffee and milk = $35
Total claim = $7.50 + $62 + $189 + $35 = $293.50
Based on the calculations, the actual expenses method will provide Julie with the best claim at Item D5 as it is higher than the fixed rate method. However, it is important to note that the office chair and coffee and milk expenses are not allowed under the actual expenses method as they are considered to be private or domestic expenses.
Therefore, the total claim for the actual expenses method should be adjusted to $7.50 + $62 = $69.50. Even with this adjustment, the actual expenses method still provides a higher claim than the fixed rate method.
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The R-square of the regression of the single-index model for a stock is 84%, the residual variance (aka firm-specidfic variance) is 0.05. Then the systematic variance of the stock is ,___.(in decimal format, keep 4 decimal places).
The systematic variance of a stock can be calculated by using the formula:
Systematic Variance = Total Variance - Residual Variance
Where Total Variance is the variance of the stock's returns and Residual Variance is the variance of the stock's returns that is not explained by the market (aka firm-specific variance).
We are given that the R-square of the regression of the single-index model for the stock is 84%, which means that 84% of the stock's returns are explained by the market. Therefore, the Total Variance of the stock's returns is:
Total Variance = Systematic Variance / R-square
Substituting the values given in the question, we get:
Total Variance = Systematic Variance / 0.84
We are also given that the Residual Variance is 0.05. Substituting this value into the formula for Systematic Variance, we get:
Systematic Variance = Total Variance - 0.05
Combining these two equations, we can solve for Systematic Variance:
Systematic Variance = (Systematic Variance / 0.84) - 0.05
0.84 * Systematic Variance = Systematic Variance - 0.05
0.16 * Systematic Variance = 0.05
Systematic Variance = 0.05 / 0.16
Systematic Variance = 0.3125
Therefore, the systematic variance of the stock is 0.3125 (in decimal format, keeping 4 decimal places).
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In an environment with risk-free rate of zero, if Stock A has return of 10% and Beta of 1.0 and stock B has return of 8% with Beta of 0.5, find a zero-beta portfolio and state its return. [Note a negative amount indicates short-selling, which we assume is allowed here]
A zero-beta portfolio is a portfolio that has no systematic risk, which means that its beta is zero. To create a zero-beta portfolio, we can combine two stocks with different betas in such a way that their weighted average beta is zero.
Let's assume that we invest x% in Stock A and (100-x)% in Stock B. The return of the portfolio will be:
Rp = x%*10% + (100-x)%*8%
And the beta of the portfolio will be:
Bp = x%*1.0 + (100-x)%*0.5
To find a zero-beta portfolio, we need to set Bp to zero and solve for x:
0 = x*1.0 + (100-x)*0.5
0.5x = 50
x = 100
So, to create a zero-beta portfolio, we need to invest 100% in Stock A and 0% in Stock B. The return of the portfolio will be:
Rp = 100%*10% + 0%*8% = 10%
Therefore, the zero-beta portfolio has a return of 10%.
Note: In this case, we cannot create a zero-beta portfolio by combining Stock A and Stock B, because their betas have the same sign. If we had a stock with a negative beta, we could create a zero-beta portfolio by investing in both stocks with different weights.
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Why was the World Bank was established? A. To enhance development solely in Asia through grants B. To enhance economic development through non-subsidized loans (at market interest rates) C. To enhance economic development through low-interest rate loans (below-market rates) D. To enhance economic development of the private sector through investment in stock of corporations
The World Bank was established to enhance economic development through low-interest rate loans (below-market rates)
The correct answer is C.
The World Bank was established in 1944 with the goal of promoting economic development and reducing poverty in developing countries. One of the main ways it achieves this goal is by providing low-interest rate loans to governments of developing countries. These loans are used to finance infrastructure projects, such as building roads, schools, and hospitals, which can help spur economic growth and improve the standard of living for people in these countries. By providing loans at below-market rates, the World Bank is able to make financing more affordable for developing countries and help them achieve their development goals.
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ou have found three investment choices for a one-year deposit: 10.3% APR compounded monthly, 10.3% APR compounded annually, and 9.8% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)(Note: Be careful not to round any intermediate steps less than six decimal places.)
The EAR for the investment choices of 10.3% APR compounded monthly, 10.3% APR compounded annually, and 9.8% APR compounded daily are 10.8074%, 10.3%, and 10.3283% respectively.
The EAR (Effective Annual Rate) for each investment choice can be calculated using the formula:
EAR = (1 + APR/n)^n - 1
Where APR is the annual percentage rate, and n is the number of compounding periods per year.
For the first investment choice, 10.3% APR compounded monthly:
EAR = (1 + 0.103/12)^12 - 1
EAR = (1.008583)^12 - 1
EAR = 1.108074 - 1
EAR = 0.108074
The EAR for the first investment choice is 10.8074%.
For the second investment choice, 10.3% APR compounded annually:
EAR = (1 + 0.103/1)^1 - 1
EAR = (1.103)^1 - 1
EAR = 1.103 - 1
EAR = 0.103
The EAR for the second investment choice is 10.3%.
For the third investment choice, 9.8% APR compounded daily:
EAR = (1 + 0.098/365)^365 - 1
EAR = (1.000268)^365 - 1
EAR = 1.103283 - 1
EAR = 0.103283
The EAR for the third investment choice is 10.3283%.
Therefore, the EAR for each investment choice is 10.8074%, 10.3%, and 10.3283% respectively.
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If the company expects to retain $420,000 in earnings over the
next year, find the breaks in the MCC curve
The breaks in the curve will occur when there is a change in the cost of financing.
The Marginal Cost of Capital (MCC) curve represents the cost of financing a project at different levels of capital. It is typically a rising curve, meaning that the cost of financing increases as the amount of capital required for the project increases.
To find the breaks in the MCC curve, we need to first calculate the amount of retained earnings available for the project. This is done by multiplying the expected retention ratio by the expected earnings for the next year. In this case, the company expects to retain $420,000 in earnings over the next year.
Next, we need to determine the cost of financing for each level of capital required for the project. This can be done by calculating the weighted average cost of capital (WACC) for each level of capital.
Finally, we can plot the MCC curve by plotting the WACC against the amount of capital required for the project. The breaks in the MCC curve will occur when there is a change in the cost of financing, which is represented by a change in the slope of the curve.
In conclusion, to find the breaks in the MCC curve, we need to calculate the amount of retained earnings available for the project, determine the cost of financing for each level of capital required, and plot the MCC curve. The breaks in the curve will occur when there is a change in the cost of financing.
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Why is it important that managers think about the environmental, economic and social impacts of sustainability of their organisation's actions?
Managers must consider the impact of their organization's actions on the environment, economy, and society. The amount of resources used, waste produced, and pollution created are key environmental impacts to consider.
Additionally, they should think about the economic costs and benefits of sustainability and the social impacts on local communities and job creation.
Sustainable practices ensure the long-term maintenance of an organization, positively impact their reputation and bottom line. Sustainable decisions have a positive impact on the environment, save money, and improve organizational reputation.
Thus, managers must consider environmental, economic, and social impacts to make sustainable decisions that benefit both the organization and the environment. They can ensure their organization is taking positive steps to protect the environment, save money, and improve their reputation.
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Ismail and Sameer are opening a paint store. There are no competing paint stores in the area. They must decide how to organize the business. They anticipate profits of $100,000 the first year, with the ability to sell franchises in the future. Although they have enough to start the business now as a partnership, cash flow will be an issue as they grow. They feel the corporate form of operation will be best for the long term. They seek your advice.
Requirements
1. What is the main advantage they gain by now selecting a corporate form of business?
2. Would you recommend they initially issue preferred or common stock? Why?
3. If they decide to issue $10 par common stock and anticipate an initial market price of $40 per share, how many shares will they need to issue to raise $2,250,000?
4.vForecast their earning potential with your imaginary numbers for the next two years. Here, you have to prepare forecasted income statements and the year-end balance sheets for the first two years, assuming that they are going the start the business as a joint-stock company??
The main advantage of selecting a corporate form of business is the limited liability protection, recommend that they initially issue common stock, they would need to issue 56,250 shares and Forecasted income statements and balance sheets for the first two years.
1. The main advantage of selecting a corporate form of business is the limited liability protection it provides to the owners (Ismail and Sameer). This means that their personal assets are protected from any potential business losses or lawsuits. Additionally, corporations have the ability to raise capital through the sale of stock, which can help with cash flow issues as the business grows.
2. I would recommend that they initially issue common stock. Common stock typically has more potential for growth in value and also gives the owners voting rights, which can be important in making business decisions. Preferred stock, on the other hand, typically has a fixed dividend and does not have voting rights.
3. To raise $2,250,000 with a $10 par value and an initial market price of $40 per share, they would need to issue 56,250 shares. This can be calculated by dividing the amount they need to raise by the market price per share: $2,250,000 / $40 = 56,250 shares.
4. Forecasted income statements and balance sheets for the first two years would require more information, such as projected revenue, expenses, and assets. However, with the anticipated profits of $100,000 in the first year and the potential to sell franchises in the future, it is likely that their earning potential will increase over the next two years. It is important for Ismail and Sameer to carefully plan and manage their finances in order to maximize their earning potential and ensure the success of their business.
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Munich Exports Corporation 2019 2020 Cash $50,000 $50,000 Accounts 200,000 300,000
receivable Inventories 450,000 570,000 Total current 700,000 920,000 assets Fixed assets, 300,000 380,000 net Total assets $1,000,000 $1,300,000 Accounts 130,000 $180,000 payable Accruals 50,000 70,000 Bank loan 90,000 90,000 Total current 270,000 340,000 liabilities Long-term 400,000 550,000 debt Common stock ($.05 50,000 50,000 par) Additional 200,000 200,000 paid-in-capital Retained 80,000 160,000 earnings Total liabilities $1,000,000 $1,300,000 equity 2019 2020 Net sales $1,300,000 $1,600,000 Cost of goods 780,000 960,000 sold Gross profit 520,000 640,000 Marketing 130,000 160,000 General and 150,000 150,000 administrative Depreciation 40,000 55,000 EBIT 200,000 275,000 Interest 45,000 55,000
Earnings 155,000 220,000 before taxes Income taxes 62,000 88,000 (40% rate) Net income $93,000 $132,000 Assume that the cash account includes only required cash. Determine the dollar amount of equity valuation cash flow (pseudo dividend) for 2020. Use question#1 inputs here. Cash flows are expected to grow at a perpetual 6 percent annual rate beginning in 2021. Assume that all cash is required cash as was done in Part A. What is the Global Products venture's present value if investors want an annual rate of return of 25 percent? No commas and round by two decimal places.
The equity valuation cash flow (pseudo dividend) for 2020 is calculated as follows:
Pseudo dividend = Net income - (Change in equity - Change in retained earnings)
Pseudo dividend = $132,000 - (($1,300,000 - $1,000,000) - ($160,000 - $80,000))
Pseudo dividend = $132,000 - ($300,000 - $80,000)
Pseudo dividend = $132,000 - $220,000
Pseudo dividend = -$88,000
Therefore, the dollar amount of equity valuation cash flow (pseudo dividend) for 2020 is -$88,000.
To calculate the present value of the Global Products venture, we can use the perpetuity formula:
PV = CF / (r - g)
Where PV is the present value, CF is the cash flow, r is the required rate of return, and g is the growth rate.
PV = $88,000 / (0.25 - 0.06)
PV = $88,000 / 0.19
PV = $463,157.89
Therefore, the present value of the Global Products venture is $463,157.89.
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All of the following expenditures are classified as research and development except:
Engineering costs incurred to advance a new product to full production stage.
Salaries of research staff designing a new product.
Costs of marketing research to promote a new product.
Acquisition of R&D equipment for use on current project only
The expenditure that is not classified as research and development is the "Costs of marketing research to promote a new product."
Research and development (R&D) costs are expenses associated with the research and development of a company's goods or services. R&D costs are typically associated with the creation and design of new products and processes, as well as the improvement of existing ones.
Engineering costs incurred to advance a new product to full production stage, salaries of research staff designing a new product, and acquisition of R&D equipment for use on current project only are all classified as R&D expenditures. However, costs of marketing research to promote a new product are not classified as R&D expenditures because they are associated with promoting and selling a product, rather than creating or improving it.
Therefore, the correct answer is: Costs of marketing research to promote a new product.
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