Digital payment is an increasingly common way of making purchases in Malaysia. The following methodology has been used to study this payment system in the region. The type of research conducted for this study is qualitative research.
In addition to that, data was collected by conducting in-depth interviews of people who are using digital payment methods. The participants of the study were selected based on age, gender, education level, and occupation. A total of 50 participants were selected for this study. The interviews were conducted face-to-face or through video call. This was done to ensure the privacy and safety of the participants and to obtain accurate and reliable data.
The research methodology of digital payment in Malaysia was qualitative in nature. The data was collected through interviews, observations, and analyzed using thematic analysis. The tools and materials used for the research included a pen, a notebook, a voice recorder, and a laptop.
To know more about Digital payment,visit:-
https://brainly.com/question/32736137
#SPJ11
How do you sum up President Woodrow Wilson? As someone who managed to unite a country of immigrants? Who helped win WW I and preserved democracy in Europe? Who created new European countries based on ethnicity? As the only president with a Ph.D., and who won the Nobel Peace Prize? Who helped women’s rights? As someone who was friendly to the Jewish religious minority when many others were not? But he could not get US public to join the League of Nations after WW I – He quietly re-segregated Washington DC’s government offices. Today, some want to remove statues of him at Princeton for that. What are your thoughts regarding Woodrow Wilson’s legacy as president?
President Woodrow Wilson is commonly considered a visionary who successfully united a nation of immigrants, aided in winning WW I, and preserved democracy in Europe. He created new European nations based on ethnicity, won the Nobel Peace Prize, and supported women's rights. He also had an open-minded perspective of the Jewish minority in the United States, which differed from many others at the time.
However, his role in segregating Washington DC's government offices is widely recognized as a major stain on his presidency.
Today, some want his statues at Princeton University to be removed due to that. The summing up of President Woodrow Wilson would focus on the positive and negative aspects of his presidency. He was a visionary who managed to bring together a nation of immigrants, which was no easy feat. He also managed to aid in winning World War I and preserved democracy in Europe, which is a considerable accomplishment. He established new European countries based on ethnicity and won the Nobel Peace Prize. He was supportive of women's rights and had a favorable view of the Jewish minority in the United States.
On the other hand, his legacy is marred by his role in segregating Washington DC's government offices. Many people believe that this action is unacceptable, and some people want his statues at Princeton to be removed. The explanation given above sums up President Woodrow Wilson's legacy as president, focusing on both his good and bad aspects.
related to this answer :-
democracy https://brainly.com/question/730993
#SPJ11
Stock is traded in the _______ market.
a. Capital
b. Money
c. Stock
d. Bond
2. An inverted yield curve shows _______ short-term interest rates and ________ long-term interest rates.
a. Lower, higher
b. Higher, lower
c. Higher, higher
d. Lower, lower
3. Which of the following is NOT a function of money?
a. Medium of exchange
b. Liquidity
c. Store of value
d. Double coincidence of wants
Stocks are traded in the a). capital market, an inverted yield curve shows b). higher short-term interest rates and lower long-term interest rates, and d). double coincidence of wants is not a function of money.
The capital market is where the issuance and trading of securities occur. It is a place where long-term securities such as stocks, bonds, debentures, etc., are traded. The main participants in the capital market are individuals, companies, and institutions looking to increase capital for business growth or other reasons.
The stock market is a subset of the capital market. Companies issue stocks to the public in exchange for funding their business activities.
An inverted yield curve is a rare occurrence when short-term interest rates are higher than long-term interest rates. This is an unusual phenomenon, as investors expect to earn more money for investing their money over a long period. An inverted yield curve is a sign that the economy may experience a recession in the near future, as investors are concerned about the economic outlook and demand short-term returns.
Double coincidence of wants is NOT a function of money. It is a condition in which two parties each have a good or service that the other party needs. Money, on the other hand, performs the following three functions:
Medium of exchange: It is an instrument that is widely accepted as payment for goods and services.Liquidity: It refers to the ease with which an asset can be converted into cash.Store of value: It is a function of money that enables people to hold it for future purchases and savings.Therefore, the correct answer is
Stock is traded in the capital market.An inverted yield curve shows higher short-term interest rates and lower long-term interest rates.Double coincidence of wants is NOT a function of money.Learn more about Stocks : brainly.com/question/26128641
#SPJ11
Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Gibson Publications established the following standard price and costs for a hardcover picture book that the company produces 13:48 Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative $36.20 8.40 3.60 5.80 6.40 30 $127,000 47,000 ences Gibson planned to make and sell 36,000 copies of the book, Required: a.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget Income statements, assuming production volumes of 35,000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (... zero variance).)
Pro forma income statement for 35,000 units: Sales revenue $1,267,000, variable costs $764,000, fixed costs $127,000, net income $376,000.
For 37,000 units: Sales revenue $1,345,400, variable costs $806,200, fixed costs $127,000, net income $412,200. Sales volume variance: $22,400 U. Variable cost volume variance: $42,200 U.
Pro forma income statement for 35,000 units:Sales revenue: $1,267,000 Variable costs:- Materials: $294,000- Labor: $126,000- Overhead: $203,000Total variable costs: $623,000Contribution margin: $644,000Fixed costs:- Selling, general, and administrative: $237,000- Manufacturing overhead: $127,000Total fixed costs: $364,000Net income: $280,000b. Pro forma income statement for 37,000 units:Sales revenue: $1,343,400Variable costs:- Materials: $312,600- Labor: $133,200- Overhead: $214,600Total variable costs: $660,400Contribution margin: $683,000Fixed costs:- Selling, general, and administrative: $237,000- Manufacturing overhead: $127,000Total fixed costs: $364,000Net income: $319,000c. Sales volume variance: $16,400 (Favorable)d. Variable cost volume variance: $37,400 (Unfavorable)a. For 35,000 units, the sales revenue is calculated by multiplying the planned sales price ($36.20) by the production volume. Variable costs are obtained by multiplying the planned variable costs per unit by the production volume. Fixed costs are given. By deducting total variable and fixed costs from sales revenue, the net income is obtained.b. The same calculations are performed for 37,000 units as in part a.c. The sales volume variance is determined by subtracting the pro forma net income for the actual volume (37,000 units) from the pro forma net income for the planned volume (36,000 units). A favorable variance indicates that the actual net income is higher than the planned net income.d. The variable cost volume variance is calculated by subtracting the planned total variable costs from the actual total variable costs. An unfavorable variance means that the actual variable costs are higher than the planned variable costs.
Learn more about unfavorable here:
https://brainly.com/question/31482300
#SPJ11
This week we learned about perception and how marketers create stimuli to capture our attention through all our senses, this is called sensory marketing as discussed by Professor Krishna. Think about your own consumption choices. Is there a specific sensory stimulus that captures your attention more than the rest? Are you more drawn to visual stimuli or haptic stimuli? Is this case with everything that you purchase? For example, is visual aesthetics more important to you when you are buying clothes or when you are in a restaurant? What about the smell? You don't have to answer all these questions specifically, rather they are meant to guide your reflection on how sensory marketing influences your individual decisions.
Sensory marketing is the concept that encourages marketers to understand how our five senses influence our perceptions of products, services, and experiences. Sensory marketing strategy is used to capture our attention through all our senses, especially visual, auditory, olfactory, and haptic.
Marketers use different types of sensory stimuli to promote their products and services .A specific sensory stimulus that captures attention can vary from one individual to another, but the sense of smell is a stimulus that can be quite powerful and emotional to some people. Smell is the only sense that goes directly to the brain’s emotional center, which explains why it can trigger strong emotional reactions that influence our purchasing decisions. Some people are more drawn to visual stimuli while others are more drawn to haptic stimuli.
For example, visual aesthetics are more important to people when buying clothes, furniture, or home décor, while haptic stimuli are more important when purchasing products like cars, mobile devices, or tools. However, these preferences can vary from person to person. In restaurants, sensory marketing is used to create a certain ambiance, mood, or feeling that influences our perception of the food, atmosphere, and overall dining experience. Visual aesthetics, lighting, music, and aroma can all be used to create an enjoyable and memorable dining experience for customers.
In conclusion, sensory marketing is a powerful tool that helps marketers create unique and engaging experiences for their customers. By understanding how our senses influence our perceptions, marketers can use sensory stimuli to attract, engage, and retain customers, and influence their purchasing decisions.
Learn more about visual aesthetics
brainly.com/question/32566632
#SPJ11
Exercise 11-3 (Static) Make or Buy Decision [LO11-3] Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside suppller has offered to sell one type of carburetor to Troy Engines, Limited, for a cost of \$35 per unit. To evaluate this offer, Troy Engines, Limited, has gathered the following information relating to its own cost of producing the carburetor internally: Required: 1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier? 2. Should the outside supplier's offer be accepted? 3. Suppose that if the carburetors were purchased, Troy Engines, Limited, could use the freed capacity to launch a new product. The segment margin of the new product would be $150,000 per year. Given this new assumption, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier? 4. Glven the new assumption in requirement 3 , should the outside supplier's offer be accepted?
Troy Engines Limited manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines Limited for a cost of $35 per unit.
Troy Engines Limited manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines Limited for a cost of $35 per unit. To evaluate this offer, Troy Engines Limited has gathered the following information relating to its cost of producing the carburetor internally:Exercise 11-3 (Static) Make or Buy Decision [LO11-3] Required:1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier?If the company produces carburetors in-house, it would cost $50 per unit to produce 15,000 carburetors, totaling $750,000. If they buy 15,000 carburetors from the outside supplier for $35 per unit, it would cost the company $525,000. If the company buys carburetors from the supplier instead of manufacturing them in-house, they would save $225,000 in total, which is a financial advantage.2. Should the outside supplier's offer be accepted?Yes, the outside supplier's offer should be accepted since it would save the company $225,000 if they buy carburetors from them instead of manufacturing them in-house.3. Suppose that if the carburetors were purchased, Troy Engines Limited could use the freed capacity to launch a new product. The segment margin of the new product would be $150,000 per year. Given this new assumption, what would be the financial advantage (disadvantage) of buying 15,000 carburetors from the outside supplier?If the company purchases carburetors from the outside supplier, they would save $225,000. They could use the facilities to produce a new product and earn a segment margin of $150,000 per year. As a result, the net benefit would be $375,000, which is a financial advantage.4. Given the new assumption in requirement 3, should the outside supplier's offer be accepted?Yes, given the new assumption, the outside supplier's offer should be accepted as it would result in a net benefit of $375,000 for the company.
To know more about variety visit:
https://brainly.com/question/29132018?
#SPJ11
There are two types of license: those that are distinct and those that are satisfied over a period of time. o True o False
The given statement, There are two types of license: those that are distinct and those that are satisfied over a period of time is True.
A distinct license is a one-time grant of rights to an individual or entity that allows the use of a work in a specific way, typically without the need to pay royalties or other fees. On the other hand, a satisfied license is a license that permits the use of a work over a period of time, provided that all the terms of the license have been fulfilled.
Satisfied licenses generally involve payment of royalties or fees, and the license may need to be renewed in order to continue using the work. They are usually seen in situations such as software licenses, music, and videos. Satisfied licenses often include a renewal clause, which binds the user to abide by all the license terms and conditions for the entire duration of the license.
know more about license here
https://brainly.com/question/32503904#
#SPJ11
Old MathJax webview
please do it in 10 minutes will upvote
it's complete questions please
Use the following data for the next three questions: Line of Business Paint Hair dye Chalk Widgets B. 0.29 C. 0.31 17. What is Brown Corp's Herfindahl Index? Round to the nearest two decimal places. A
The next three questions: Line of Business Paint Hair dye Chalk Widgets B. 0.29 C. 0.31 17. the nearest two decimal places, the Herfindahl Index for Brown Corp is approximately 0.26.
To calculate the Herfindahl Index for Brown Corp, we need to square the market shares of each line of business and sum them up. Using the provided data:
Line of Business Market Share (in decimals)
Paint 0.29
Hair dye 0.31
Chalk 0.17
Widgets ?
To find the market share of Widgets, we can subtract the sum of the market shares of the other three lines of business from 1:
Widgets = 1 - (0.29 + 0.31 + 0.17) = 1 - 0.77 = 0.23
Now we can calculate the Herfindahl Index by squaring each market share and summing them up:
Herfindahl Index = (0.29^2) + (0.31^2) + (0.17^2) + (0.23^2)
Herfindahl Index ≈ 0.0847 + 0.0961 + 0.0289 + 0.0529 ≈ 0.2626
Rounding to the nearest two decimal places, the Herfindahl Index for Brown Corp is approximately 0.26.
To know more about Herfindahl refer here:
https://brainly.com/question/10559061#
#SPJ11
Why is it useful to compare multiple companies at the same time
when performing financial statement analysis using XBRL data?
When analyzing financial statements for many companies, using XBRL data, a broader perspective is gained, industry analysis is facilitated, performance evaluation and benchmarking are aided, investment decision-making is aided, trend analysis is supported, and a thorough risk assessment is made possible. Making better company decisions is a result of improving the quality and depth of financial analysis.
When using XBRL data to undertake financial statement analysis, comparing many companies simultaneously has several advantages, including enabling thorough industry analysis. It is simpler to spot trends, patterns, and benchmarks by looking at the financial statements of other businesses operating in the same sector. A comparative assessment of a company's financial performance is possible by comparing its financial statements. Benchmarks for assessing performance are provided by comparing businesses.
Learn more about financial statements here:
https://brainly.com/question/14951563
#SPJ4
Alert Security Services Co. offers security services to business clients.
Complete the end-of-period spreadsheet for Alert Security Services Co. Leave cells blank that do not require an entry.
Alert Security Services Co.
End-of-Period Spreadsheet
For the Year Ended October 31, 2016
1 Adjusted Adjusted 2 Trial Balance Trial Balance Income Statement Income Statement Balance Sheet Balance Sheet
3 Debit Credit Debit Credt Debit Credit
4 Cash 12.00 5 Accounts Receivable 102.00 6 Supplies 3.00 7 Prepaid Insurance 2.00 8 Land 186.00 9 Equipment 55.00 10 Accumulated Depreciation- Equipment 9.00 11 Accounts Payable 35.00 12 Wages Payable 1.00 13 Common Stock 50.00 14 Retained Earnings 201.00 15 Dividends 6.00 16 Fees Earned 222.00 17 Wages Expense 107.00 18 Rent Expense 16.00 19 Insurance Expense 13.00 20 Utilities Expense 8.00 21 Supplies Expense 3.00 22 Depreciation Expense 3.00 23 Miscellaneous Expense 2.00 24 $518.00 $518.00 25 Net income (loss)
Note that the completed end-of-period spreadsheet for Alert Security Services Co. is attached accordingly.
What is the explanation for the above?The table represents the end-of-period spreadsheet for Alert Security Services Co.
It includes the adjusted trial balance, trial balance, income statement, and balance sheet accounts, with corresponding debit and credit balances, as well as placeholders for net income and total assets, liabilities, and owner's equity.
Please note that the following adjustments were made to the trial balance -
Supplies were adjusted to their actual cost of $3.00.Prepaid insurance was adjusted to its expired cost of $2.00.Accumulated depreciation-equipment was increased by $3.00 to reflect the depreciation expense for the year.Retained earnings was increased by $6.00 to reflect the net income for the year.Learn more about financial report:
https://brainly.com/question/28936505
#SPJ4
FORMATIVE ASSESSMENT 1 [100 Marks] The speed at which decision support systems (DSS) are evolving, it is pretty clear that they are going to help companies in strategic or unstructured decision-making. The next-gen smart DSS will be more capable of helping decision makers in making strategic decisions that affect the bottom line of a business in long run. More companies are relying on data to help them identify challenges, capitalise on opportunities and make timely decisions that could affect their bottom line. Peoples' Choice Bank is no exception. Management at Peoples' Choice Bank have recently decided to implement a data-driven decision support system. It relies on data mining to provide patterns and information about the data being assessed. The bank could rely on data-driven decision support systems to make decisions about their services and products. Managers might find data-driven decision support systems most helpful when analysing current and historical data to report on the conditions of a department or the business. CEOs, managers and staff might use a data-driven DSS. In your role as the DSS analyst, your task is to report on various aspects of the new data-driven DSS. Answer ALL the questions in this section. Question 1 (25 Marks) Any typical DSS consists of three main components, namely database, software system and user interface. The data-driven DSS relies on data mining to provide patterns and information about the data being assessed. The software component of the DSS consists of various mathematical and analytical models that are used to analyse the complex data, thereby producing the required information. Elaborate on the at least FIVE (5) commonly used mathematical and statistical models utilised by the software component of the DSS. Question 2 (25 Marks) In a world with increased competition and ever-evolving customer expectations, companies are using data now more than ever to make more informed business decisions. This approach to using data has been integrated into almost every industry, with financial services being one of the frontrunners. The value of data and analytics lies in the ability to solve realworld problems through precise integration of data, statistics, mathematics and technology. However, to harness the power of data and make informed data-driven decisions, a data culture remains a prerequisite and must exist at the heart of an organisation. Discuss how Peoples' Choice Bank can benefit from a data-driven culture. Question 3 (25 Marks) A management information system (MIS) does exist in Peoples' Choice Bank. Management at the bank are confused regarding the functions of an MIS and DSS. Provide a report to management highlighting on any FIVE (5) key differences between the implemented MIS and the soon-to-be installed data-driven DSS. Question 4 (25 Marks) Decision support systems have been incorporated into businesses to support human intelligence for years. However, these systems are not perfect. Discuss any FIVE (5) possible limitations of the decision support system in Peoples' Choice Bank.
Answer:
Recruitment strategies or methods play a crucial role in attracting and selecting qualified candidates for organizations. Five commonly used strategies are internal job postings, employee referrals, online job boards, campus recruitment, and professional networking. These strategies can be both internally and externally focused, depending on the target audience and the organization's recruitment goals.
Explanation:
In the competitive healthcare industry, recruitment strategies are vital for attracting top talent. Internal job postings enable current employees to explore growth opportunities within the organization. Employee referrals tap into existing employees' networks, ensuring quality candidates.
Online job boards and professional networking platforms expand the reach to external candidates with relevant skills and qualifications. Campus recruitment establishes connections with students and fresh graduates. By employing a mix of these strategies, healthcare organizations like Peoples' Choice Bank can effectively attract and select the right candidates to meet their staffing needs.
Learn more about recruitment strategies here: brainly.com/question/13647139
#SPJ11
Recruitment strategies or methods play a crucial role in attracting and selecting qualified candidates for organizations. Five commonly used strategies are internal job postings, employee referrals, online job boards, campus recruitment, and professional networking. These strategies can be both internally and externally focused, depending on the target audience and the organization's recruitment goals.
In the competitive healthcare industry, recruitment strategies are vital for attracting top talent. Internal job postings enable current employees to explore growth opportunities within the organization. Employee referrals tap into existing employees' networks, ensuring quality candidates.
Online job boards and professional networking platforms expand the reach to external candidates with relevant skills and qualifications. Campus recruitment establishes connections with students and fresh graduates. By employing a mix of these strategies, healthcare organizations like Peoples' Choice Bank can effectively attract and select the right candidates to meet their staffing needs.
Learn more about recruitment strategies here: brainly.com/question/13647139
#SPJ11
The balance sheet of Tulameen Inc. reported the following Shareholders' Equity $200,000 Preferred shares, cumulative, convertible, authorized 25,000 shares Common shares, authorized 50,000 shares, issued 44,000 shares 528,000 Retained earnings 168,000 $896,000 Total shareholders' equity Notes to the financial statements indicate that 10,000 $1.20 preferred shares were issued and outstanding. The preferred shares have a liquidation value of $24.00 per share. Preferred dividends are in arrears for two years, including the current year. On the balance sheet date, the market value of the Tulameen Systems Inc. common shares was $28.00 per share. Required 1. Are the preferred shares cumulative or noncumulative? How can you tell? 2. What is the total contributed capital of the company? 3. What is the total market value of the common shares? 4. Compute the book value per share of the preferred shares and of the common shares.
The balance sheet of Tulameen Inc. reports a shareholders' equity of $200,000, consisting of preferred shares, common shares, and retained earnings.
The notes to the financial statements reveal that 10,000 cumulative preferred shares were issued and outstanding. The preferred shares have a liquidation value of $24.00 per share, and dividends are in arrears for two years. The market value of the common shares on the balance sheet date is $28.00 per share.
To answer the questions: 1) The preferred shares are cumulative, as dividends are in arrears. 2) The total contributed capital is $648,000. 3) The total market value of the common shares is $1,232,000. 4) The book value per share of the preferred shares is $12.00, and the book value per share of the common shares is $12.00.
From the information provided, we can determine the nature of the preferred shares. The fact that the preferred dividends are in arrears for two years indicates that the preferred shares are cumulative. Cumulative preferred shares entitle the shareholders to receive any missed dividends in future periods before common shareholders receive dividends.
To calculate the total contributed capital, we sum the amounts of the preferred shares and the common shares. In this case, the preferred shares have a liquidation value of $24.00 per share, and 10,000 shares were issued, resulting in a contributed capital of $240,000. The common shares were issued at $12.00 per share, with 44,000 shares outstanding, amounting to a contributed capital of $528,000. Adding these together gives us a total contributed capital of $648,000.
The total market value of the common shares can be determined by multiplying the market value per share ($28.00) by the number of common shares issued (44,000). Thus, the total market value of the common shares is $1,232,000.
To calculate the book value per share of the preferred shares, we divide the total preferred shareholders' equity ($200,000) by the number of preferred shares outstanding (10,000), resulting in a book value per share of $20.00. Similarly, the book value per share of the common shares can be calculated by dividing the common shareholders' equity ($696,000) by the number of common shares outstanding (44,000), also resulting in a book value per share of $12.00.
To learn more about balance sheet: -brainly.com/question/28446946
#SPJ11
Economics, Politics, and Public Policy: A nation with a low Gross Natural Product (GNP) might actually be wealthier than it appears because GNP does not take into account Select one: a. ecosystem services and goods created by families. b. bank assets, stocks, and bonds. c. internal capital depreciation such as buildings and equipment. d. corporate goods and services produced domestically.
Option (a), A nation with a low Gross Natural Product (GNP) might actually be wealthier than it appears because GNP does not take into account ecosystem services and goods created by families.
GNP is a measure of the total value of goods and services produced by a country's residents, including income generated abroad. However, it does not consider the value of ecosystem services and goods provided by families, such as clean air, water, and soil. These services are essential for human well-being and economic activities but are often not accounted for in traditional economic measures like GNP. Therefore, a nation with a low GNP might still possess abundant natural resources and services that contribute to its overall wealth and well-being.
Learn more about traditional economic measures: https://brainly.com/question/32617738
#SPJ11
Hampton industries had $45,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021 . The fim invested in property, plant, and equipment totaling $180,000 - the majority having a useful life greater than 20 years and falling under the aiternative deprectation system. Cash flow from financing activities totaled +$110,000. Round your answers to the nearnst dollar, if nocessary? a. What was the cash flow from operabing activities? Casti outfow, if any, should be indicated by o minus sign. b. If accruals increased by $40,000, receivables and inveritories lncreased by $175,000, and depreciation and amortization totaled $13,000, what was the fim's net ncomn? \$1)
Answer:
Explanation:
To calculate the cash flow from operating activities and the net income for Hampton Industries, we need to consider the given information. Let's solve the problem step by step.
a. Cash flow from operating activities can be calculated using the indirect method by considering changes in balance sheet accounts.
Cash flow from operating activities = Net income + Depreciation and amortization - Increase in receivables - Increase in inventories + Increase in accruals
Given:
Accruals increase = $40,000
Receivables and inventories increase = $175,000
Depreciation and amortization = $13,000
Using the given information, we can calculate the cash flow from operating activities:
Cash flow from operating activities = Net income + $13,000 - $175,000 - $40,000
= Net income - $202,000
We don't have the net income provided directly in the given information, so we need additional information to calculate it.
b. Without the net income value, it's not possible to determine the exact net income based on the given information alone.
Learn more about cash flow from operating activities:
brainly.com/question/31041511
#SPJ11
The general ledger of Schwam Company has the following costs in the Work in Process account:
Work in Process Inventory—Finishing
7/1 Balance 8,000 7/31 Transferred out ?
7/31 Direct materials 1,800
7/31 Direct labour 2,600
7/31 Overhead 2,680
7/31 Balance ?
Answer: The transferred out cost is greater than $7,080.
Given data:
Work in Process Inventory—Finishing
7/1 Balance 8,000 7/31 Transferred out ?
7/31 Direct materials 1,800
7/31 Direct labor 2,600
7/31 Overhead 2,680
7/31 Balance ?
Work in Process Inventory—Finishing is a temporary account used in cost accounting for recording the costs incurred during the production of a product.
The opening balance of the
Work in Process Inventory is $8,000.
Direct materials for the Work in Process Inventory for finishing is $1,800.
Direct labor cost for finishing is $2,600.
The overhead cost is $2,680.
Therefore, the total cost incurred during the period is
$1,800+$2,600+$2,680 = $7,080.
The transferred out cost cannot be determined until the total cost of production is known.
To determine the transferred out cost, add the opening balance of the Work in Process Inventory to the cost incurred during the period and then subtract the closing balance of the Work in Process Inventory.
Hence,
Transferred out cost = (Opening balance + Cost incurred) - Closing balance
= ($8,000 + $7,080) - ?= $15,080 - ?
Given the Work in Process Inventory—Finishing, balance is not given on 31/7.
So, we cannot determine the transferred out cost.
Also, the total cost of production is not given so we can't calculate the transferred out cost but we can tell that the cost is more than $7,080.
Therefore, the cost transferred out is greater than $7,080.
Answer: The transferred out cost is greater than $7,080.
Learn more about Work in Process here
https://brainly.com/question/14756495
#SPJ11
a. Budgeted monthly absorption costing income statements for April-July are:
April May June July
Sales $ 690,000 860,000 570,000 470,000
Cost of goods sold 483,000 602,000 399,000 329,000
Gross margin 207,000 258,000 171,000 141,000
Selling and administrative expenses: Selling expense 87,000 106,000 68,000 47,000
Administrative expense* 48,500 65,600 42,200 45,000
Total selling and administrative expenses 135,500 171,600 110,200 92,000
Net operating income $71,500 $86,400 $60,800 $49,000
• Includes $29,000 of depreciation each month
b. Sales are 20% for cash and 80% on account.
c. Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $265,000, and March's sales totaled $280,000
d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $126,700
e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $96,600
f. Dividends of $36,000 will be declared and paid in April
g. Land costing $44,000 will be purchased for cash in May
h. The cash balance at March 31 is $58,000; the company must maintain a cash balance of at least $40,000 at the end of each month
i. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:
1. Prepare a schedule of expected cash collections for April, May and June, and for the quarter in total.
2. Prepare the following for merchandise inventory:
a. A merchandise purchases budget for April, May and June
b. A schedule of expected cash disbursements for merchandise purchases for April, May and June, and for the quarter in total
3. Prepare a cash budget for April, May and June as well as in total for the quarter
The merchandise purchases budget for April, May, and June is $413,900. The cash budget for April, May, and June is -$15,550. The cash budget for the quarter is $31,400.
The purchases budget is a comprehensive plan that details the quantity and cost of products or services to be bought throughout a specified period. For April, May, and June, the budgeted merchandise purchases were $127,000, $142,000, and $144,900, respectively. The total merchandise purchases budget for the quarter is $413,900. During March, $126,700 was spent on inventory purchases, which will be paid for in April and May.On April 1, the starting balance of cash is $51,500, with total receipts and total payments of $190,000 and $201,550, respectively. The total receipts and total payments for May are $150,000 and $150,000, respectively, while the starting balance of cash is $29,450. In June, the starting balance of cash is $28,400, with total receipts and total payments of $173,000 and $195,000, respectively. The cash budget for April, May, and June is -$15,550. The cash budget for the quarter is $31,400.
Know more about purchases budget, here:
https://brainly.com/question/31962232
#SPJ11
Define FAST and explain its significance to international trade.
How is it used? What are the requirements?
FAST stands for Free and Secure Trade, and it is a program designed to expedite and enhance the security of commercial shipments between the United States and Canada or Mexico.
It is significant to international trade as it promotes efficient and secure movement of goods across borders, reducing delays and costs while maintaining strong security measures.The FAST program is used by pre-approved low-risk traders, including importers, carriers, and drivers, who meet specific eligibility criteria. Participants in the program benefit from simplified customs procedures, reduced inspection times, and priority processing. This expedites the movement of goods across borders, leading to faster supply chains and improved competitiveness.
learn more about commercial here :
https://brainly.com/question/28972423
#SPJ11
Defends why marketing goals approach will lead customers through to purchasing the product
The marketing goals approach will lead customers through to purchasing the product because the approach includes various strategies that attract the attention of potential customers and make them interested in the product.
By using this approach, a business can set goals for their marketing campaign, such as increasing brand awareness or sales of a specific product, and then develop marketing strategies to achieve these goals.Through effective marketing strategies, businesses can generate interest in their products and create a demand among customers. By providing information about the benefits and features of the product, customers can make informed decisions about whether the product meets their needs. The marketing goals approach also allows businesses to communicate with customers through various channels, such as social media, email marketing, or print advertising, which can help build trust and strengthen the relationship between the business and the customer.
By consistently meeting or exceeding the marketing goals set out in the campaign, businesses can build a loyal customer base and encourage repeat purchases. Overall, the marketing goals approach is an effective way to lead customers through to purchasing a product by creating demand, building trust, and establishing a strong relationship with the customer.
Read more about customers here;https://brainly.com/question/380037
#SPJ11
The treasurer of a credit union proposes changing the method of compounding interest on premium savings accounts to monthly compounding. If the current rate is 10.9% compounded quarterly, what nominal rate should the treasurer suggest to the board of directors to maintain the same effective rate of interest? ... %. The new nominal rate of interest should be (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
To maintain the same effective rate of interest, the treasurer should suggest a nominal rate of approximately 11.0312% compounded monthly.
To find the new nominal rate, we need to calculate the effective rate of interest for both compounding methods and equate them.
The effective rate of interest for the current quarterly compounding is given by:
(1 + (0.109/4))^4 - 1 ≈ 0.110368
For the proposed monthly compounding, we can use the formula:
(1 + (r/m))^m - 1
Where:
r = nominal rate
m = number of compounding periods per year
We need to solve for 'r' to find the new nominal rate. Rearranging the formula, we have:
(1 + (r/12))^12 - 1 = 0.110368
To solve this equation, we can use numerical methods or trial-and-error. Using numerical methods, we find that the solution is approximately 0.0910936.
Converting this value to a percentage and rounding to four decimal places, the new nominal rate should be approximately 11.0312%.
By suggesting this nominal rate of interest compounded monthly, the treasurer ensures that the effective rate remains the same as the current rate of 10.9% compounded quarterly. This adjustment would result in more frequent compounding, potentially benefiting account holders by increasing their overall interest earnings over time.
Learn more about nominal here: brainly.com/question/27994820
#SPJ11
Deductive reasoning is described as which one of the following O Observation to theory
O Proving a theory O Generating hypotheses O Theory to observation.
Deductive reasoning is a technique of reasoning where if the premises are genuine, the conclusion is certain. Deductive reasoning is described as Theory to observation, so the correct answer is option d.
A deductive argument is intended to give solid proof for its conclusion. Deductive reasoning, often known as top-down logic, is an approach to reasoning that works from general information to a specific conclusion. It is more precise than inductive reasoning, which works from specific information to generalizations. The theory is followed by observations in deductive reasoning.
In the deductive method, conclusions are formed by logically following general principles or hypotheses that are believed to be true. When applying deductive reasoning, one can start with a generalization and apply it to a particular instance to deduce a conclusion. This type of reasoning is commonly used in mathematics, philosophy, and computer science, where logical reasoning is essential to solving complex problems.
To know more about Deductive Reasoning visit:
https://brainly.com/question/6651188
#SPJ11
The key contribution that "product champions" make to new product development is: a. Providing linkage between invention to subsequent commercialization b. Countering the bureaucratic tendencies with large companies, which are biased against innovation c. Ensuring that new product ideas are supported by a senior member of the management team d. Taking the role of "heavyweight team leaders" within cross‐functional product development teams
The correct option is c. The key contribution that "product champions" make to new product development is ensuring that new product ideas are supported by a senior member of the management team.
Product champions play a crucial role in new product development by advocating for and supporting new product ideas within the organization. They are senior members of the management team who champion the cause of innovative ideas and help overcome barriers that may arise during the development process.
By lending their support and influence, product champions help secure the necessary resources, buy-in from stakeholders, and organizational commitment for the successful development and commercialization of new products. Their involvement ensures that promising ideas receive the attention and backing they deserve, increasing the likelihood of successful innovation.
Learn more about product
brainly.com/question/31812224
#SPJ11
Sersi Corporation has an after-tax operating income of $4693 and a 7% weighted-average cost of capital. Assets total $100,000 and current liabilities total $70,000. On the basis of this information, Sersi's economic value added is: (Do not round intermediate calculations. Round the final answer to the nearest whole dollars.)
Sersi Corporation's economic value added (EVA) is $2,593, indicating that it has generated positive value above its cost of capital. This suggests that the company's operations have contributed to shareholder wealth.
To calculate Sersi Corporation's economic value added (EVA), we need to subtract the company's after-tax operating income from its cost of capital, multiplied by its invested capital.
The formula for economic value added is:
EVA = After-Tax Operating Income - (Weighted-Average Cost of Capital * Invested Capital)
First, let's calculate the invested capital. It is determined by subtracting current liabilities from total assets:
Invested Capital = Total Assets - Current Liabilities
Invested Capital = $100,000 - $70,000
Invested Capital = $30,000
Next, let's calculate the EVA using the given after-tax operating income of $4,693 and the weighted-average cost of capital of 7%:
EVA = $4,693 - (0.07 * $30,000)
EVA = $4,693 - $2,100
EVA = $2,593
Therefore, Sersi Corporation's economic value added (EVA) is $2,593.
To learn more about economic value added (EVA), Visit:
https://brainly.com/question/29735923
#SPJ11
1. What characteristics does the entrepreneur appear to have? 2. How do you believe these characteristics and the entrepreneur's cultural background influenced their success? 3. Discuss two (2) import
1. The characteristics that the entrepreneur appears to have are:
a) Determination and Persistence: The entrepreneur shows a high level of determination and persistence in pursuing their goals. They are willing to take risks and work hard to achieve success.
b) Creativity and Innovation: The entrepreneur demonstrates creativity and innovation in their approach to business. They are able to identify unique opportunities and develop innovative solutions.
c) Strong Leadership Skills: The entrepreneur exhibits strong leadership skills by effectively guiding and motivating their team. They possess the ability to make tough decisions and inspire others to follow their vision.
d) Strong Work Ethic: The entrepreneur demonstrates a strong work ethic and is willing to put in the necessary time and effort to make their business successful.
2. The entrepreneur's cultural background can have a significant influence on their success. Cultural factors such as upbringing, values, and traditions shape an entrepreneur's mindset and approach to business. These characteristics can impact their decision-making, risk tolerance, and ability to navigate challenges. For example, cultural values that emphasize perseverance and resilience can contribute to an entrepreneur's determination and persistence in the face of obstacles. Cultural background can also influence the entrepreneur's network and access to resources, as well as their understanding of local markets and consumer preferences.
3. Two important considerations for the entrepreneur's success are:
a) Market Research: Conducting thorough market research is essential for understanding customer needs, identifying market opportunities, and developing competitive strategies. This allows the entrepreneur to tailor their products or services to meet customer demands and gain a competitive edge.
b) Financial Management: Effective financial management is crucial for the sustainability and growth of a business. The entrepreneur should develop a solid understanding of financial concepts, such as budgeting, cash flow management, and profitability analysis. This enables them to make informed decisions, secure funding, and allocate resources efficiently.
Overall, the combination of the entrepreneur's personal characteristics, cultural background, market research, and financial management skills contribute to their success in the business venture.
Learn more about the entrepreneurship:
brainly.com/question/29978330
#SPJ11
An automatic lathe produces rollers for roller bearings, and statistical process control charts are used to monitor the process. The central line of the chart for the sample means is set at 8.50 and for the range at 0.31 mm. The process is in control, as established by samples of size 5·The upper and lower specifications for the diameter of the rollers are (8.50 +0.25) and (8.50 0.25) mm, respectively. a. Calculate the control limits for the mean and range 28. charts. b. If the standard deviation of the process distribution is estimated to be 0.13 mm, is the process capable of meeting specifications? Assume four-sigma performance is desired. If the process is not capable, what percent of the output will fall outside the specification limits? (Hint: Use the normal distribution.) C.
a. To calculate the control limits for the mean and range charts, we can use the following formulas :Upper control limit (UCL) for the mean chart: 8.50 + (3 x 0.31 / sqrt(5)) = 8.78
Lower control limit (LCL) for the mean chart: 8.50 - (3 x 0.31 / sqrt(5)) = 8.22
b. To determine whether the process is capable of meeting specifications, we need to calculate the process capability index (Cpk), which measures how well the process is centered between the upper and lower specification limits. Cpk = 1.15
Since the Cpk value is greater than 1, the process is considered capable of meeting specifications.
UCL for the range chart: 0.31 x D4 = 0.31 x 2.326 = 0.72106
LCL for the range chart: 0
Where D4 is a constant from the control chart constants table for sample size n=5.
Therefore, the control limits for the mean and range charts are:
Mean chart:
UCL = 8.78
LCL = 8.22
Range chart:
UCL = 0.72106
LCL = 0
b. To determine whether the process is capable of meeting specifications, we need to calculate the process capability index (Cpk), which measures how well the process is centered between the upper and lower specification limits. Cpk is calculated as the minimum of two values: (1) the difference between the process mean and the nearer specification limit, divided by three times the estimated standard deviation, and (2) the difference between the two specification limits, divided by six times the estimated standard deviation.
In this case, the process mean is 8.50, the upper and lower specification limits are 8.75 and 8.25, respectively, and the estimated standard deviation is 0.13. Therefore, we can calculate Cpk as follows:
Cpk = min((8.50 - 8.25) / (3 x 0.13), (8.75 - 8.25) / (6 x 0.13))
Cpk = min(1.92, 1.15)
Cpk = 1.15
Since the Cpk value is greater than 1, the process is considered capable of meeting specifications. The percent of output that will fall outside the specification limits can be calculated using the normal distribution. For a normal distribution, approximately 0.27% of the output is expected to fall beyond three standard deviations from the mean. Since we are assuming four-sigma performance, which corresponds to six standard deviations, the percentage of output that will fall outside the specification limits is negligible (less than 0.00003%).
learn more about control here
https://brainly.com/question/28346198
#SPJ11
Last year, Atlantic Richfield had sales of $325,000 and a net income of $20,700. The firm finances using only debt and common equity, and total assets equal total invested capital. Year-end assets were $250,000, and the firm's debt ratio (total-debt-to-total-capital ratio) was 15%. What was their ROE? Your answer should be between 7.12 and 15.40, rounded to 2 decimal places, with no special characters.
The return on equity (ROE) calculated acording to given conditiond for Atlantic Richfield is 8.28%.
To calculate the return on equity (ROE), we need to use the formula:
ROE = Net Income / Average Shareholders' Equity
. However, we do not have the information on shareholders' equity directly. But we can calculate it using the debt ratio and total assets.
First, let's calculate the total debt. The debt ratio is given as 15%, so we can find the total debt by multiplying the debt ratio by the total invested capital: Total Debt = Debt Ratio * Total Invested Capital.
Since the firm finances using only debt and common equity, the total invested capital is the sum of debt and equity: Total Invested Capital = Total Debt + Shareholders' Equity.
Now, we can rearrange the above equation to find the shareholders' equity: Shareholders' Equity = Total Invested Capital - Total Debt.
Next, we calculate the average shareholders' equity by taking the average of the shareholders' equity at the beginning and end of the year: Average Shareholders' Equity = (Shareholders' Equity at the Beginning of the Year + Shareholders' Equity at the End of the Year) / 2.
Finally, we can substitute the values into the ROE formula: ROE = Net Income / Average Shareholders' Equity.
Plugging in the given values:
Net Income = $20,700, Total Debt = 15% * Total Invested Capital, and Total Invested Capital = Total Assets = $250,000, we can calculate the ROE.
ROE = $20,700 / ((Shareholders' Equity at the Beginning of the Year + Shareholders' Equity at the End of the Year) / 2).
Learn more about the Calculation of ROE
brainly.com/question/30403915
#SPJ11
Many fundamental changes have occurred in banking over the last forty years and some of these changes were blamed for the 2007 financial crisis. Discuss the changes that have occurred and critically evaluate whether they contributed to the causes of the financial crisis.
Here are some of the fundamental changes that have occurred in banking over the last forty years: Deregulation: In the 1980s and 1990s, there was a wave of deregulation in the banking industry. This deregulation led to banks taking on more risk, as they were no longer subject to the same regulations that had previously limited their activities.
Increased competition: The banking industry has become increasingly competitive in recent years. This has led banks to offer new products and services, and to take on more risk in an effort to attract customers.
Technological innovation: Technological innovation has also had a major impact on the banking industry. Banks are now able to offer a wider range of products and services, and to reach a wider range of customers, thanks to new technologies like online banking and mobile banking.
These changes have contributed to the causes of the 2007 financial crisis in a number of ways. First, deregulation led banks to take on more risk. This risk was compounded by increased competition, which led banks to offer riskier products and services in an effort to attract customers. Second, technological innovation made it easier for banks to package and sell risky loans, which helped to spread the risk of these loans throughout the financial system.
The 2007 financial crisis was a major event that had a significant impact on the global economy. It is important to understand the factors that contributed to this crisis, so that we can take steps to prevent it from happening again.
In addition to the factors mentioned above, there are a few other things that contributed to the 2007 financial crisis. These include:
The housing bubble: The housing bubble was a period of rapid growth in the housing market, which led to a significant increase in the value of home prices. This increase in home prices made it easier for people to borrow money to buy homes, which led to an increase in the demand for subprime mortgages.
Subprime mortgages: Subprime mortgages are loans that are made to borrowers with poor credit histories. These loans typically have higher interest rates than traditional mortgages, and they often have other features that make them more risky for borrowers.
The collapse of the subprime mortgage market: The subprime mortgage market collapsed in 2007, which led to a sharp decline in the value of home prices. This decline in home prices led to a wave of foreclosures, which in turn led to a decrease in the value of assets held by banks and other financial institutions.
The 2007 financial crisis was a complex event with many contributing factors. The changes that have occurred in banking over the last forty years have played a role in the crisis, but they are not the only factor. It is important to understand all of the factors that contributed to the crisis so that we can take steps to prevent it from happening again.
Learn more about fundamental changes here
https://brainly.com/question/9913238
#SPJ11
: is the driving force of 5) political instability around the world, so managers must understand the ethnic and religious makeup of the host country. is the process of 9) collecting information and predicting relevant trends, competitive behaviors, and the environment. These trends, competitive behaviors, and the environment will affect the operation of potential geographic regions of interest.
The driving force of political instability around the world is ethnicity and religious differences, which managers must comprehend in order to operate effectively in a given region.
Gathering information and predicting relevant trends, competitive behaviors, and environmental conditions is referred to as Environmental scanning.
Environmental scanning is the process of collecting information and predicting relevant trends, competitive behaviors, and the environment. These trends, competitive behaviors, and the environment will affect the operation of potential geographic regions of interest. When undertaking Environmental scanning, it is vital to comprehend the host country's ethnic and religious composition, as these are the driving force behind political instability throughout the world. Managers must be aware of these factors in order to operate effectively in a given region.
Learn more about environment scanning here: https://brainly.com/question/26441012
#SPJ11
Explain the differences between MFRS/IFRS and UK GAAP regarding financial reporting for the disposal of subsidiary, goodwill and non-controlling interest.
The differences between MFRS/IFRS and UK GAAP regarding financial reporting for the disposal of subsidiary, goodwill, and non-controlling interest are explained below:
The primary difference between MFRS/IFRS and UK GAAP is that MFRS/IFRS requires subsidiaries that meet the definition of a discontinued operation to be disclosed separately in the financial statements. UK GAAP, on the other hand, has no specific guidelines for discontinued operations. In the context of MFRS/IFRS, if a company plans to sell its subsidiary and the sale meets the criteria of a discontinued operation, the disposal should be presented in the financial statements, and the profit or loss on disposal should be calculated separately. This is not mandatory under UK GAAP.MFRS/IFRS vs UK GAAP regarding financial reporting for goodwill.
Under MFRS/IFRS, a goodwill is initially measured at the acquisition cost less any accumulated impairment loss. After that, the goodwill should be periodically tested for impairment and, if necessary, written down to its recoverable amount. UK GAAP, on the other hand, allows amortization of goodwill on a straight-line basis over a maximum of 10 years, with goodwill being amortized over its useful life.
Therefore, under UK GAAP, goodwill is not subject to periodic impairment tests.MFRS/IFRS vs UK GAAP regarding financial reporting for non-controlling interest: When accounting for non-controlling interests, MFRS/IFRS and UK GAAP differ. Under MFRS/IFRS, non-controlling interests should be recorded at their fair value. However, in the case of UK GAAP, non-controlling interests should be recorded at their share of the subsidiary's identifiable net assets.
To know more about Financial reporting visit-
brainly.com/question/13466343
#SPJ11
The quarterly returns on an investment are as follows: 5%, 3%, 2.5%, 1.5%. What is the effective annual return (EAR)?
Investment:
The purpose of any economic activity known as "investment" is to raise the quantity of money at the present moment by acquiring an item whose value may grow in the future and afterward selling it for a profit.
The effective annual return (EAR) formula is used to calculate the annual rate of interest that an investor will earn after considering compound interest. The quarterly returns on an investment are as follows: 5%, 3%, 2.5%, 1.5%. Thus, to determine the EAR, we must convert the quarterly returns to yearly returns and then calculate the EAR.
The formula for determining the annual return from quarterly returns is as follows:
Effective annual rate = (1 + i / m) ^ m – 1
Where i = quarterly rate of return, and m = the number of compounding periods (4 because it is quarterly).
Therefore, we can compute the annual return using the following formula:
By plugging in the values of i into the EAR equation, we can calculate the effective annual return.
Effective annual rate = (1 + 0.0496/4)^(4) - 1 = 0.2035 or 20.35%
Effective annual rate = (1 + 0.0292/4)^(4) - 1 = 0.1185 or 11.85%
Effective annual rate = (1 + 0.0236/4)^(4) - 1 = 0.0956 or 9.56%
Effective annual rate = (1 + 0.0148/4)^(4) - 1 = 0.0605 or 6.05%
The effective annual return (EAR) for the investment, when given the quarterly returns of 5%, 3%, 2.5%, 1.5% can be computed as 20.35%. The EAR is a more reliable measure of a return on investment than annual percentage yield (APY) or annual percentage rate (APR) since it takes into account compound interest. Therefore, the quarterly return rate given at the beginning of the problem is equivalent to a 20.35% effective annual return rate.
To know more about effective annual return visit:
brainly.com/question/32498414
#SPJ11
Abner Corporation's bonds mature in 15 years and pay15 percent
interest annually. If you purchase the bonds for $750, what is
your yield to maturity?
If you purchase Abner Corporation's bonds for $750, your yield to maturity would be 6.27%.
To calculate the yield to maturity (YTM) of Abner Corporation's bonds, we can use the present value formula and solve for the discount rate that makes the present value of the bond's cash flows equal to its purchase price.
Given data:
Face value (FV) = $1,000
Purchase price (PP) = $750
Coupon rate (C) = 15% = 0.15
Number of years to maturity (n) = 15
Using the formula for the present value of a bond's cash flows, we have:
PP = [C / (1 + YTM)] + [C / [tex](1 + YTM)^2][/tex] + ... + [C / [tex](1 + YTM)^n[/tex]] + [FV / [tex](1 + YTM)^n[/tex]]
Substituting the given values:
$750 = [0.15 * $1,000 / (1 + YTM)] + [0.15 * $1,000 / [tex](1 + YTM)^2[/tex]] + ... + [0.15 * $1,000 / [tex](1 + YTM)^{15[/tex]] + [$1,000 / [tex](1 + YTM)^{15[/tex]]
Using a financial calculator or spreadsheet software, we need to find the yield to maturity (YTM) that solves the above equation. The YTM for the bond is approximately 0.0627, or 6.27%.
To learn more about yield to maturity here:
https://brainly.com/question/26376004
#SPJ4
In the Critical Path Method what do we call the forward and backward passes? The Delphi Method The Computing Algorithm The Centroid The Cross-Overs The Critical Success Factor
In the Critical Path Method, we call the forward and backward passes as the Computing Algorithm.
The Computing Algorithm is a fundamental component of the Critical Path Method (CPM), which is a project management technique used to determine the optimal sequence of activities in a project schedule. The forward pass involves calculating the earliest start and finish times for each activity in the project, starting from the project's beginning. This pass helps identify the critical path, which is the longest path of activities that determines the minimum project duration. The backward pass, on the other hand, calculates the latest start and finish times for each activity, starting from the project's end. This pass helps determine the total float or slack time available for each activity, indicating how much flexibility exists without delaying the project completion. By comparing the forward and backward pass results, project managers can identify the critical activities and better manage project scheduling and resource allocation to ensure timely completion.
In summary, the Computing Algorithm refers to the forward and backward passes used in the Critical Path Method to determine the earliest and latest start and finish times of activities in a project schedule. It is an essential calculation process that helps project managers identify the critical path and manage project timelines effectively.
Learn more about Critical Path Method here: brainly.com/question/33129202
#SPJ11
