An elevator pitch for the city of Barcelona is provided, highlighting its vibrant culture, stunning architecture, and unique blend of history and modernity.
Barcelona is a city that truly captivates all who visit. With its rich history, breathtaking architecture, and vibrant culture, it offers an unparalleled experience. The city is renowned for its iconic landmarks, such as the awe-inspiring Sagrada Familia and the mesmerizing Park Güell, both designed by the renowned architect Antoni Gaudí.
What sets Barcelona apart is its unique blend of old-world charm and modern innovation. As you stroll through the narrow streets of the Gothic Quarter, you'll be transported back in time, while the bustling streets of the Eixample district showcase the city's contemporary vibe.
One of the highlights of Barcelona is its exceptional culinary scene. From mouthwatering tapas to tantalizing seafood paella, the city is a food lover's paradise.
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Passive behavior is a way of functioning in which the person tries to avoid any expression of their rights of feelings at a given time. 1) True 2) False In the popular model of communication known as the SMCR Model, what does SMCR stand for? 1) sender, message, channel, revival 2) sender, message, communicator, receiver 3) sender, message, channel, receiver O 4) sender, meaning, channel, DVD receiver Which of the following factors influence the communication process? (select all that apply) 1) values and perspectives that a mode of condut is preferable. 2) knowledge about the message - which may be correct or incorrect 3) writing and speaking skills of the sender to articulate the message 4) beliefs or confictions that something is true or real According to the DiSC, high C's tend to be accurate, precise, and task oriented. O 1) True 2) False Question 4 (1 point) Listen Which of the following behavioral tendancies would likely use the fight response when faced with stress? 1) High D's 2) High i's 3) High S's O4) High C's uestion 7 (1 point) 1) Listen Which reflect strategies for enhancing communication, given behavioral tendencies? (select all that apply) 1) D's provide direct answers, be brief and to the point; stick to business. - 2) i's - provide a favorable, friendly environment; make time for fun activities. 3) S's - provide a thoroughly prepared case; support ideas with accurate data. 4) C's provide a personal and agreeable environment; give reassurance of support. h the following behavioral styles with /pical tendencies. > > < < C- cautious D- dominance S- steadiness i- influencing 1. 2. 3. 4. Tends to want immediate results and acts decisively. Tends to want contact with people and acts enthusiastically. Tends to want stability and acts systematically. Tends to want accuracy and acts cautiously.
1) True. Passive behavior is a way of functioning in which the person tries to avoid any expression of their rights or feelings at a given time. 2) Sender, Message, Channel, Receiver. In the popular model of communication known as the SMCR Model, SMCR stands for Sender, Message, Channel, Receiver.
1) True. Passive behavior is a way of functioning in which the person tries to avoid any expression of their rights or feelings at a given time. The person is submissive and doesn't resist or assert his or her rights.
2) Sender, Message, Channel, Receiver. In the popular model of communication known as the SMCR Model, SMCR stands for Sender, Message, Channel, Receiver.
3) All of the above. The factors that influence the communication process include values and perspectives that a mode of conduct is preferable, knowledge about the message, writing and speaking skills of the sender to articulate the message, and beliefs or convictions that something is true or real.
4) True. According to the DiSC, high C's tend to be accurate, precise, and task-oriented.
5) High D's. People with high D's behavioral tendencies would likely use the fight response when faced with stress.
6) D's provide direct answers, be brief and to the point; stick to business. i's provide a favorable, friendly environment; make time for fun activities. S's provide a thoroughly prepared case; support ideas with accurate data. C's provide a personal and agreeable environment; give reassurance of support.
7) Tends to want immediate results and acts decisively - D. Tends to want contact with people and acts enthusiastically - i. Tends to want stability and acts systematically - S. Tends to want accuracy and acts cautiously - C.
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Which of the following values would most likely interest a shareholder?
A. The market capitalization
B. Book value of equity
C. Profit
D. Retained earnings
A shareholder is typically interested in the financial performance of a company and its ability to generate returns. Based on that, the value that would most likely interest a shareholder would be: C. Profit
Profit represents the amount of money a company earns after deducting all expenses, taxes, and other costs from the revenue. It is an indicator of a company's profitability and is directly related to the return that shareholders can expect to receive on their investment.
While market capitalization, book value of equity, and retained earnings are important financial metrics, they may not provide a direct indication of a company's profitability or the returns that shareholders can expect to receive. Market capitalization represents the total value of a company's outstanding shares in the market, book value of equity represents the net worth of a company after subtracting liabilities, and retained earnings represent the portion of profits that a company has kept for reinvestment, rather than being distributed as dividends to shareholders.
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the classical form of the production function states that:
The classical form of the production function states that output is a function of capital and labor inputs.
The classical form of the production function is a concept in economics that describes the relationship between inputs and outputs in the production process. It posits that the level of output produced in an economy is determined by the amounts of capital and labor inputs employed. In this framework, output (Y) is expressed as a function of capital (K) and labor (L), often denoted as Y = f(K, L).
According to the classical production function, increases in capital and labor inputs lead to higher levels of output, assuming other factors remain constant. The function assumes that there are diminishing marginal returns to each input, meaning that as more capital or labor is added while holding the other input constant, the additional output gained from each additional unit gradually diminishes.
The classical production function is a fundamental concept in economic analysis and has been widely used to study the relationship between inputs, output, and economic growth in various industries and economies.
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A) Explain TWO (2) factors that determine the slope of the IS curve.
B) With the aid of IS-LM diagram, explain and show the effect of a decrease in autonomous consumption on the level of equilibrium output and interest rate.
C) Suppose that investment in Country A is completely interest-inelastic. Based on the IS-LM framework, explain and show how the effectiveness of expansionary monetary policy is affected by this situation.
A) Two factors that determine the slope of the IS curve are the sensitivity of investment to changes in interest rates (investment interest rate elasticity) and the sensitivity of consumption to changes in income (marginal propensity to consume).
B) A decrease in autonomous consumption refers to a reduction in consumer spending that is independent of changes in income. In the IS-LM diagram, this decrease in autonomous consumption would shift the consumption function downward. As a result, the equilibrium level of output would decrease, along with the interest rate. The decrease in consumption reduces the overall level of aggregate demand in the economy, leading to a contractionary effect on output. Simultaneously, the decrease in consumption also reduces the demand for investment, which further dampens output.
C) When investment in Country A is completely interest-inelastic, it means that changes in interest rates have no effect on investment decisions. In the IS-LM framework, this situation implies a vertical investment curve, indicating that investment is insensitive to changes in interest rates.
In such a scenario, expansionary monetary policy, which aims to stimulate economic activity by reducing interest rates, would have limited effectiveness in influencing investment. Lowering interest rates would not lead to an increase in investment demand since investment is already unaffected by changes in interest rates. As a result, the expansionary monetary policy would primarily impact the money market, shifting the LM curve downward to lower the interest rate. However, the lack of response from investment would constrain the overall impact on equilibrium output.
The effectiveness of expansionary monetary policy in this situation is reduced since it relies heavily on the responsiveness of investment to changes in interest rates. With interest-inelastic investment, alternative policy measures like fiscal stimulus or structural reforms may be needed to boost output and stimulate economic growth.
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: eBook Show Me How Print Item Entries for bad debt expense under the direct write-off and allowance methods The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8. Wrote off account of Kathy Quantel, $8,440. Aug. 14. Received $3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $8,440 from Kathy Quantel, whose account had been written off on June 8. Reinstated the account and recorded the cash receipt. Dec. 31 Wrote off the following accounts as uncollectible (record as one journal entry): Wade Dolan $4,600 Greg Gagne 3,600 Amber Kisko 7,150 4 Shannon Poole 2,975 Niki Spence 6,630 Dec. 31. If necessary, journalize the year-end adjusting entry for uncollectible accounts. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a. Journalize the transactions under the direct write-off method. Date Account Debit Credit June 8 Aug. 14 Aug. 14 Oct. 16 Oct. 16 Dec. 31 000 00 00000000 00 000 00000000 Dec. 31 b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $36,000 at the beginning of the year and the b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $36,000 at the beginning of the year and the company uses the analysis of receivables method, Rustic Tables Company prepared the following aging schedule for its accounts receivable: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts $320,000 1% 110,000 3 24,000 10 18,000 33 43,000 75 $515,000 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total receivables Date June 8 Aug. 14 Oct. 10 Account Debit 00 Credit 000 00 00 00 0000 000000 Oct. 16 Oct. 16 Dec. 31 Dec. 31 4 c. How much higher (lower) would Rustic Tables net income have been under the direct write-off method than under the allowance method? by s
To complete the entries for bad debt expense under the direct write-off and allowance methods taken from Rustic tables, let's analyze each transaction and journalize them accordingly:
a. Journalize the transactions under the direct write-off method:
Date Account Debit Credit
June 8 Bad Debt Expense $8,440
Accounts Receivable - Kathy Quantel $8,440
Aug. 14 Cash $3,000
Bad Debt Expense $9,500
Accounts Receivable - Rosalie Oakes $12,500
Oct. 16 Accounts Receivable - Kathy Quantel $8,440
Bad Debt Expense $8,440
Dec. 31 Bad Debt Expense $24,355
Accounts Receivable - Wade Dolan $4,600
Accounts Receivable - Greg Gagne $3,600
Accounts Receivable - Amber Kisko $7,150
Accounts Receivable - Shannon Poole $2,975
Accounts Receivable - Niki Spence $6,630
b. Journalize the transactions under the allowance method:
Date Account Debit Credit
June 8 Allowance for Doubtful Accounts $8,440
Accounts Receivable - Kathy Quantel $8,440
Aug. 14 Cash $3,000
Allowance for Doubtful Accounts $9,500
Accounts Receivable - Rosalie Oakes $12,500
Oct. 16 Accounts Receivable - Kathy Quantel $8,440
Allowance for Doubtful Accounts $8,440
Dec. 31 Allowance for Doubtful Accounts $24,355
Accounts Receivable - Wade Dolan $4,600
Accounts Receivable - Greg Gagne $3,600
Accounts Receivable - Amber Kisko $7,150
Accounts Receivable - Shannon Poole $2,975
Accounts Receivable - Niki Spence $6,630
c. From the transactions above, the total bad debt expense under the direct write-off method is $50,235 ($8,440 + $9,500 + $8,440 + $24,355).
Under the allowance method, we need to calculate the estimated bad debt expense based on the aging schedule provided:
Total Estimated Bad Debt Expense = ($320,000 * 1%) + ($110,000 * 3%) + ($24,000 * 10%) + ($18,000 * 33%) + ($43,000 * 75%)
Total Estimated Bad Debt Expense = $3,200 + $3,300 + $2,400 + $5,940 + $32,250
Total Estimated Bad Debt Expense = $47,090
Difference in Net Income = Bad Debt Expense (Direct Write-off) - Total Estimated Bad Debt Expense (Allowance)
Difference in Net Income = $50,235 - $47,090
Difference in Net Income = $3,145
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It is critical that a buyer and seller understand the terms of sale when negotiating an international shipment. The sales price is only one part of the total cost of getting the product at your warehouse. For example, if you negotiate the price for a product with the term EXW, then you the buyer will be responsible to make arrangements to have the product picked up from the seller, shipped to the port, loaded on board the ship, maritime insurance, offloading and custom clearance and then final shipment to your facility. As you can see, this can be very expensive.
Discuss
For this discussion, pick one of the 11 IncoTerms. Define the term and provide a detailed analysis of the cost involved and at what point the responsibility for the shipment changes from the buyer to the seller.
The IncoTerm chosen for the discussion is the Cost, Insurance and Freight (CIF) term. CIF is used to define a trade agreement between a buyer and a seller in international trade.
It is a shipment contract, which requires the seller to deliver the goods to the port of destination, arrange for export clearance, and cover the cost of insurance and freight charges.The CIF contract is used primarily in bulk cargo, such as crude oil, and is negotiated by the seller on behalf of the buyer. CIF is preferred in situations where the buyer lacks knowledge of the export and import process and is not able to obtain customs clearance.
The seller is responsible for providing all the documentation necessary to clear the goods for importation.The cost of CIF is inclusive of the insurance and freight charges, which are essential components of the contract. The buyer is responsible for paying the cost of goods, while the seller is responsible for the cost of freight and insurance.
The seller is also responsible for ensuring that the goods are loaded onto the ship and cleared for export.The buyer assumes responsibility for the shipment after the goods have been loaded onto the ship. Once the goods have been loaded onto the ship, the seller is no longer responsible for any loss or damage that may occur during transport.
The buyer is responsible for paying any customs duties and taxes applicable in the country of importation.In conclusion, the CIF contract is a critical component of international trade agreements, particularly for bulk cargo. It is an agreement between the buyer and seller, in which the seller is responsible for the cost of freight and insurance, while the buyer is responsible for the cost of goods.
The buyer assumes responsibility for the shipment after the goods have been loaded onto the ship. The CIF contract is preferred when the buyer lacks knowledge of the export and import process and is not able to obtain customs clearance.
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Explain with examples as to how can stakeholders be made a part
of development of a company?
There are several ways to involve stakeholders in development process, such as conducting surveys, organizing focus groups, establishing advisory boards, and implementing open communication channels.
To make stakeholders a part of the development of a company, organizations can employ various strategies. One effective approach is to conduct surveys or questionnaires to gather feedback and suggestions from stakeholders. For example, a company may distribute surveys to customers, employees, suppliers, and community members to gather their opinions on product improvements, customer service, or corporate social responsibility initiatives.
Another method is to organize focus groups or workshops where stakeholders can participate in discussions and provide insights on specific topics or challenges. This collaborative approach allows stakeholders to share their expertise and experiences, enabling the company to make more informed decisions. For instance, a company developing a new marketing campaign might involve customers, employees, and industry experts in focus groups to gather insights on customer preferences and market trends.
Establishing advisory boards or councils comprising representatives from different stakeholder groups is another way to involve stakeholders in company development. These boards can provide guidance, offer diverse perspectives, and act as a sounding board for strategic decisions. For instance, a technology company might establish an advisory board consisting of industry leaders, academics, and government representatives to provide input on future technology trends and regulatory issues.Involving stakeholders in the development of a company benefits both the organization and the stakeholders themselves. Companies gain valuable insights, improve decision-making, and enhance their reputation, while stakeholders feel valued and connected to the company's goals and outcomes.
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Oxford buys a specialty table saw for its metal fabrication business on January 1, 2021. The machine cost $350,000 and is expected to be used for five years. At the end of the five years the machine is expected to have a market value of $15,000.
Required:
Calculate the depreciation expense for the first year (2021) using
The straight-line method and
The double-declining balance method.
Calculate the expected balance of accumulated depreciations at the end of three years (12/31/23) assuming the company uses the straight-line method.
Continuing to apply the straight-line method, calculate the gain or loss on same if the company sells the saw for $175,000 after three years (on January 1, 2024). Clearly indicate whether it is a gain or a loss, and the amount (show the calculation).
The depreciation expense for the first year using the straight-line method is $67,000.
Using the double-declining balance method, the depreciation expense for the first year is $140,000.
The expected balance of accumulated depreciations at the end of three years using the straight-line method is $201,000.
If the company sells the saw for $175,000 after three years, it will result in a loss of $26,000.
1. Straight-Line Method: To calculate the depreciation expense for the first year using the straight-line method, we divide the cost of the machine ($350,000) by the expected useful life (5 years).
Depreciation Expense = Cost / Useful Life = $350,000 / 5 = $70,000.
2. Double-Declining Balance Method: The double-declining balance method depreciates the asset at a faster rate initially and decreases over time. The depreciation rate is double the straight-line rate.
For the first year, the depreciation expense is calculated by multiplying the book value at the beginning of the year (cost) by twice the straight-line rate (2/5).
Depreciation Expense = Book Value × (2/5) = $350,000 × (2/5) = $140,000.
3. Accumulated Depreciations at the End of Three Years (Straight-Line Method):
Using the straight-line method, the annual depreciation expense is $70,000. So, the accumulated depreciation at the end of three years is:
Accumulated Depreciation = Depreciation Expense × Number of Years = $70,000 × 3 = $210,000.
However, since we are calculating the expected balance at the end of three years, we subtract the depreciation expense for the third year ($70,000).
Expected Accumulated Depreciation = Accumulated Depreciation - Depreciation Expense = $210,000 - $70,000 = $140,000.
4. Gain or Loss on Sale: The gain or loss on the sale of the saw is determined by comparing the selling price ($175,000) with the book value of the asset. After three years, the accumulated depreciation using the straight-line method would be $210,000.
Book Value = Cost - Accumulated Depreciation = $350,000 - $210,000 = $140,000.
Since the selling price ($175,000) is higher than the book value ($140,000), there is a gain.
Gain = Selling Price - Book Value = $175,000 - $140,000 = $35,000.
Therefore, the company would have a gain of $35,000 if it sells the saw for $175,000 after three years.
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Graphically illustrate how each of the following events, ceteris paribus, will affect the competitive market. (Start new graph for each question.) Your diagrams must include competitive market equilibrium and post-government intervention: prices, quantities, consumer/producer/total surpluses, and dead-weight-losses.
1. A price ceiling is imposed on rental apartments A price floor in form of minimum wage.
2. Solar panels are subsidized.
3. An excise tax is placed on sugary drinks.
4. The economy is shut down for pandemic.
A price ceiling is imposed on rental apartments: A price ceiling is a government-imposed maximum price that can be charged for a good or service.
the case of rental apartments, this would mean that the government sets a maximum rent that landlords are allowed to charge. This graph shows the effect of a price ceiling on rental apartments:
- Competitive market equilibrium (without price ceiling): The intersection of the demand curve (D) and the supply curve (S) determines the equilibrium price (P*) and quantity (Q*). Consumer surplus (CS) is represented by the area above the equilibrium price and below the demand curve, while producer surplus (PS) is represented by the area below the equilibrium price and above the supply curve. Total surplus (TS) is the sum of consumer and producer surpluses.
- Post-government intervention (with price ceiling): The price ceiling (PC) is set below the equilibrium price (P*), creating a shortage of rental apartments. The quantity demanded (Qd) exceeds the quantity supplied (Qs). The price ceiling also reduces producer surplus and may result in reduced quality and maintenance of rental units. Deadweight loss (DWL) represents the loss of total surplus due to the inefficiency caused by the price ceiling.
2. Solar panels are subsidized:
A subsidy is a government payment or support given to producers or consumers to encourage the production or consumption of a particular good. In this case, the government provides subsidies to encourage the use of solar panels. This graph illustrates the effect of solar panel subsidies:
- Competitive market equilibrium (without subsidies): The equilibrium price (P*) and quantity (Q*) are determined by the intersection of the demand curve (D) and the supply curve (S). Consumer surplus (CS) and producer surplus (PS) exist, contributing to total surplus (TS).
- Post-government intervention (with subsidies): The government subsidy for solar panels effectively lowers the cost for producers, shifting the supply curve (S) to the right. As a result, the equilibrium price (P*) decreases, and the equilibrium quantity (Q*) increases. Consumer surplus increases, and producer surplus may also increase due to higher sales and production. The total surplus (TS) increases as a result of the subsidy.
3. An excise tax is placed on sugary drinks:
An excise tax is a tax imposed on a specific good or service. In this case, an excise tax is placed on sugary drinks. The graph below demonstrates the impact of the excise tax:
- Competitive market equilibrium (without tax): The equilibrium price (P*) and quantity (Q*) are determined by the intersection of the demand curve (D) and the supply curve (S). Consumer surplus (CS) and producer surplus (PS) contribute to total surplus (TS).
- Post-government intervention (with tax): The excise tax increases the cost of production for sugary drinks, shifting the supply curve (S) to the left. This results in a higher equilibrium price (P*) and a lower equilibrium quantity (Q*). Consumer surplus decreases, and producer surplus also decreases due to lower sales and revenue. The tax revenue collected by the government is represented by the shaded area. Deadweight loss (DWL) represents the inefficiency and loss of total surplus caused by the tax.
4. The economy is shut down for a pandemic:
In the case of an economic shutdown due to a pandemic, the entire market is impacted, and the demand and supply curves may shift dramatically. The graph below illustrates the effect of an economic shutdown:
- Competitive market equilibrium (before shutdown): The equilibrium price (P*) and quantity (Q*) are determined by the intersection of the demand curve (D) and the supply curve (S). Consumer surplus (CS) and producer surplus (PS) contribute to
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if an annuitant dies before annuitization occurs, what will the beneficiary receive?
If an annuitant dies before annuitization occurs, the beneficiary will receive a death benefit that is generally a lump-sum payment of the amount paid for the annuity.
In the event of an annuitant dying before the annuity has been purchased, the payment is not usually refundable. In such a case, the beneficiary of the annuitant is entitled to a death benefit which is generally a lump-sum payment of the amount paid for the annuity.
The amount of death benefit paid to the beneficiary varies and depends on the type of annuity purchased, the terms of the annuity contract, and the specific insurance company issuing the annuity.
There are two types of annuities, immediate and deferred annuities. Immediate annuities are the ones in which you invest a lump sum and then start receiving payments immediately. In the deferred annuity, you invest a lump sum, and it earns interest until you start receiving payments.
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An example of an internal control over cash is: the purchasing department approves all payments to suppliers. blank checks are pre-numbered. blank checks are pre-signed. accounts payable department is responsible for signing checks before mailing.
Internal controls are systems set up by organizations to promote efficiency, safeguard assets, and ensure accurate and reliable financial reporting. The internal control over cash is a type of internal control that helps businesses protect themselves from fraud, theft, or other financial misappropriations.
There are several internal controls over cash, but one example is the purchasing department approving all payments to suppliers. An effective internal control over cash begins with separating duties and responsibilities to ensure that no single employee has the authority to handle a transaction from start to finish. For instance, the purchasing department approves all payments to suppliers, and the accounts payable department is responsible for signing checks before mailing.
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The owner's capital account has a January 1, 2019, balance of 59,000. The owner's withdrawals account has a balance of $25,600 for the year ending December 31, 2019. The income summary account contains a debit for $20,500 and a credit for $56,900. The balance in the owner's capital account on December 31, 2019, is _______
The balance in the owner's capital account on December 31, 2019 is $69,800.
The owner's capital account is an important component of a sole proprietorship or partnership's accounting system which reflects the owner's equity in the business. To determine the balance in the owner's capital account on December 31, 2019, we need to consider several factors.
First, we need to determine the beginning balance in the owner's capital account, which represents the equity the owner has invested in the business at the start of the year (January 1, 2019). In this case, the beginning balance is given as $59,000.
Next, we need to subtract any withdrawals made by the owner during the course of the year. These withdrawals are considered personal expenses and reduce the owner's equity in the business. Here, the owner's withdrawals are given as $25,600.
Finally, we need to add the net income or loss for the year to arrive at the ending balance in the owner's capital account. Net income is the excess of total revenues over total expenses, while net loss is the excess of total expenses over total revenues. In this case, the net income is given as $56,900 - $20,500 = $36,400.
Putting it all together, we can calculate the ending balance in the owner's capital account on December 31, 2019 as follows:
Beginning balance: $59,000
Less: Owner's withdrawals: -$25,600
Add: Net income: +$36,400
Ending balance: $69,800
Therefore, the balance in the owner's capital account on December 31, 2019 is $69,800.
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Complete the following tasks in the Excel document. The questions will help you collect data and draw conclusions for your report. 1. Confirm that the following pre-set existing values are present. If they are different, then key in the values below: - Apply seasonality = "No" (Cell B21) - Forecast Growth Rate =3.00% (Cell B22) - Forecast Weights = 20\% (Cell B23); 30% (Cell C23); 50% (Cell D23) 2. Determine which of the five forecast models performed the best based on MAD, MSE, and MAPE. Think about why the particular model performed the best across the first nine months of the year. 3. We use seasonality adjustment factors to adjust forecasts for the presence of regular movements that relate to recurring events such as holidays. Your team has calculated seasonality adjustment factors in column AC of the Data Section in the spreadsheet. a. Change the value of Cell (B21) from "No" to "Yes" to have the four new forecasting models take seasonality into account 4. Now determine which of the five forecast models performed the best based on MAD, MSE, and MAPE. Think about why the particular model performed the best across the first nine months of the year and include this assessment in your report as part of your recommendation. 5. Create a graph showing MAPE for all five forecasting models across the four specific periods, 2020 YTD, 1 "I Quarter, 2 nd Quarter, and 3 td Quarter. Include the figure in your report. Full credit for a chart is contingent on including all of the following, a chart title, legend, x-axis title, and y-axis title. One possible example is the clustered column chart below. Charts are embedded within the text by right-clicking on the chart and selecting the option indicated below. You must create a 5 Redstone Foods M\&M Sales Forecasting Tool
The given task requires working with an Excel document for the Redstone Foods M&M Sales Forecasting Tool.
The tasks include confirming existing values, determining the best forecast model based on MAD, MSE, and MAPE, adjusting for seasonality, reassessing the best forecast model, and creating a graph showing MAPE for all five forecasting models across specific periods. The details of the specific values, calculations, and observations made during the tasks are not provided, as they would require access to the Excel document.
The tasks outlined in the question involve working with an Excel document for the Redstone Foods M&M Sales Forecasting Tool. However, the specific values, calculations, and observations required to complete the tasks are not provided in the question. As a result, it is not possible to generate a detailed explanation or provide specific answers to each task.
To complete the tasks, it is necessary to access the Excel document and perform the required actions such as confirming the existing values, evaluating the forecast models based on MAD, MSE, and MAPE, adjusting for seasonality, reassessing the best model, and creating a graph showing MAPE for the specific periods. These tasks involve working with the data, formulas, and graphs in the Excel document and making observations and conclusions based on the results.
Since the details and specific values in the Excel document are not available, a step-by-step explanation or solution cannot be provided. It is recommended to follow the given tasks and instructions using the provided Excel document to complete the required actions and draw conclusions for the report.
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Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $26,500 from a local bank; the loan is due in 9 months. b. Lent $8,300 to an affiliate; accepted a note due in one year. c. Sold to investors 70 additional shares of stock with a par value of $0.10 per share and a market price of $25 per share; received cash. d. Purchased $21,500 of equipment, paying $5,300 cash and signing a note for the rest due in one year. e. Declared $2,100 in cash dividends to stockholders, to be paid in February. For each of the above transactions, indicate the accounts and amounts. A sample is provided. Note: Enter decreases to an element of the balance sheet with a minus sign. Assets Liabilities Stockholders' Equity a. Cash 26,500 Notes payable 26,500 + b. + = + b. + C. C. = + d. = + d. = + e. = + e. +
Borrowed $26,500 from a local bank; the loan is due in 9 months. Assets: Cash (+$26,500) Liabilities: Notes payable (+$26,500)
The company borrowed $26,500, increasing cash by $26,500 and adding a liability of notes payable for the same amount. The company lent $8,300, resulting in an increase in notes receivable. The company sold 70 shares of stock, receiving $1,750 in cash and increasing common stock by $7.The company purchased equipment for $21,500, paying $5,300 in cash and signing a note for the remaining $16,200.The company declared $2,100 in dividends to stockholders, creating a liability of dividends payable. The payment will be made in February. Lent $8,300 to an affiliate; accepted a note due in one year. Assets: Notes receivable (+$8,300)Liabilities: None Sold to investors 70 additional shares of stock with a par value of $0.10 per share and a market price of $25 per share; received cash. Assets: Cash (+$1,750) Liabilities: None Stockholders' Equity: Common stock (+$7) . Purchased $21,500 of equipment, paying $5,300 cash and signing a note for the rest due in one year. Assets: Equipment (+$21,500), Cash (-$5,300), Notes payable (+$16,200) Liabilities: None Declared $2,100 in cash dividends to stockholders, to be paid in February. Assets: Non Liabilities: None Stockholders' Equity: Dividends payable (+$2,100) .
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what is the price in dollars of the Febuary 2003 Treasury note with
semiannual payment if its par value is $100,000. what is the
current yield of this note?
caban in the bollowing tatie 2003 Treasey nita? Data table (Ciok on the foliowing icon 0 in order 15 cepy ia corturn ntes a sonathiseet) Today is February \( 15.2090 \)
The price of the February 2003 Treasury note with semiannual payment and a par value of $100,000 would depend on various factors, such as prevailing interest rates at the time of calculation and the note's remaining maturity. Additionally, the current yield of the note cannot be determined without specific information about its coupon rate.
To determine the price of the February 2003 Treasury note, we need to consider its remaining maturity and prevailing interest rates. The price of a bond is influenced by changes in interest rates. When interest rates rise, bond prices typically fall, and vice versa. Without specific information about the remaining maturity of the note and the prevailing interest rates in February 2003, it is not possible to provide an accurate price estimate.
The current yield of a bond is calculated by dividing the annual interest payment (coupon) by the bond's market price. However, the current yield also depends on the note's coupon rate, which is not provided in the question. The coupon rate is the fixed interest rate stated on the bond when it was issued. Without the coupon rate or the current market price, it is not possible to calculate the current yield of the February 2003 Treasury note accurately.
In summary, without specific information about the remaining maturity, prevailing interest rates in February 2003, and the coupon rate of the note, it is not possible to provide an accurate price estimate or calculate the current yield.
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Jamie invests $10,000 today in an account earning 3% interest,
compounded quarterly. How much will the account balance be in 7
years?
The account balance after 7 years will be approximately $11,615.08.
To calculate the account balance after 7 years, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the future account balance
P = the initial investment (principal)
r = the annual interest rate (as a decimal)
n = the number of compounding periods per year
t = the number of years
In this case, the initial investment is $10,000, the annual interest rate is 3% (or 0.03 as a decimal), the compounding is done quarterly (so n = 4), and the investment period is 7 years.
Plugging these values into the formula, we get:
A = 10,000(1 + 0.03/4)^(4*7)
≈ 10,000(1 + 0.0075)^(28)
≈ 10,000(1.0075)^(28)
≈ 10,000(1.232268)
≈ 11,615.08
Therefore, the account balance after 7 years will be approximately $11,615.08.
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Discuss the role of the budget process to supply chain
management of the municipality.
The budget process plays an important role in supply chain management of the municipality. It ensures that the necessary funds are available for purchasing materials, equipment, and services needed for the smooth functioning of the supply chain.
The budget process is crucial in the effective management of the supply chain of the municipality. It is important for the municipality to identify the cost elements of the supply chain, allocate resources and define the objectives of supply chain management in the budget.The budget process helps to determine the financial resources needed to maintain a stable supply chain in the municipality. It provides the framework for planning, coordinating, and controlling the financial resources required for the supply chain activities. This process involves identifying the resources that will be required to support the supply chain management of the municipality. These resources may include personnel, technology, and equipment.The budget process also provides the necessary information for forecasting the supply chain performance of the municipality. This enables the management to plan for contingencies and implement measures to mitigate risks. It ensures that the necessary funds are available to purchase materials, equipment, and services needed for the smooth functioning of the supply chain.The budget process also plays a role in determining the overall direction and strategy of the supply chain. The budgeting process provides a platform for identifying the goals, objectives and key performance indicators (KPIs) of the supply chain management. It enables the management to identify the critical areas that require investment, improvement, and enhancement.The budget process, therefore, is a key component of the supply chain management system of the municipality. It ensures that the necessary financial resources are available for the supply chain activities. It helps to plan and coordinate the supply chain activities and provides the necessary information for forecasting and risk mitigation.
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Payday is a business providing short term loans. They have recently decided to evaluate the business using the Balance Scorecard approach developed by Kaplan and Norton. Acting as a consultant you are tasked with identifying measures to use in the four areas identified by the Balanced Scorecard, that are most appropriate for the business.
You are provided with the following information about its recent performance in order to choose your method.
Financial information current year previous year
Revenue £27,000 £25,000
Gross profit £14,000 £12,000
Net profit £5,000 £6,000
Average cash balance £3,000 £2,500
Average receivables 45 days 50 days
Internal processes
Error rates in loan applications 20% 15%
Average time to complete application 4 weeks 5 weeks
Customer services
Number of investors 100 82
Number of borrowers 545 674
Number of complaints 55 43
Innovation and learning
% from non-core work 2% 3%
Industry average % non-core work 25% 15%
Employee retention rate 50% 70%
Required:
Evaluate the financial performance of this company using the financial information only.
[7 marks]
Evaluate the performance based on the non-financial information using the balanced scorecard approach
[8 marks]
Explain why the non-financial information may provide a better indication of the likely future success of Payday.
Financial Performance Evaluation:
To evaluate the financial performance of Payday using the provided financial information.
we can consider the following measures:
1. Revenue Growth: The increase in revenue from £25,000 in the previous year to £27,000 in the current year indicates a growth rate of (£27,000 - £25,000) / £25,000 = 8%.
2. Gross Profit Margin: The gross profit margin is calculated as gross profit divided by revenue. For the current year, the gross profit margin is £14,000 / £27,000 = 51.85%. In the previous year, it was £12,000 / £25,000 = 48%.
3. Net Profit: The net profit for the current year is £5,000, compared to £6,000 in the previous year. This indicates a decrease in net profit.
4. Average Cash Balance: The average cash balance increased from £2,500 in the previous year to £3,000 in the current year.
5. Average Receivables Collection Period: The average receivables collection period decreased from 50 days in the previous year to 45 days in the current year.
Performance Evaluation based on the Balanced Scorecard:
To evaluate the performance based on the non-financial information using the Balanced Scorecard approach, we can select the following measures for each perspective:
1. Financial Perspective:
- Revenue Growth Rate: Measure the growth rate of revenue over time.
- Gross Profit Margin: Monitor the efficiency of operations and cost management.
2. Internal Processes Perspective:
- Error Rates in Loan Applications: Monitor and reduce the error rates to ensure accurate loan processing.
- Average Time to Complete Application: Measure the efficiency of the loan application process.
3. Customer Service Perspective:
- Number of Investors: Monitor the growth in the number of investors, indicating investor confidence.
- Number of Borrowers: Measure the customer base and loan demand.
- Number of Complaints: Monitor and address customer complaints to improve customer satisfaction.
4. Innovation and Learning Perspective:
- Percentage of Non-Core Work: Compare the company's performance against the industry average to assess its focus on core activities.
- Employee Retention Rate: Measure employee satisfaction and retention, indicating a positive work environment.
Importance of Non-Financial Information:
Non-financial information is important for providing a more comprehensive and balanced assessment of a company's performance and future success. Here's why:
1. Future Orientation: Non-financial measures often reflect the company's strategic focus, customer satisfaction, and employee engagement. These factors play a significant role in shaping the company's future success.
2. Leading Indicators: Non-financial measures can act as leading indicators that help identify potential issues and opportunities before they impact financial performance. For example, a decline in customer satisfaction or an increase in employee turnover may indicate future financial challenges.
3. Holistic View: Financial measures alone may not capture the full picture of a company's performance. Non-financial measures provide insights into customer perceptions, operational efficiency, employee morale, and market positioning, which collectively influence financial outcomes.
4. Stakeholder Perspective: Non-financial measures consider the needs and expectations of various stakeholders, such as customers, employees, and investors. These measures provide a more balanced assessment of value creation and long-term sustainability.
By incorporating non-financial information into performance evaluation, Payday can gain a more comprehensive understanding of its strengths, weaknesses, and areas for improvement, leading to better decision-making and strategic planning.
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Q2. a) Utopia is a closed economy and doesn’t involve with any international trade; assume that the taxes are $750 billion, government transfers are $400 billion, government expenditures are $500 billion, and investment is $400 billion. What are private saving, public saving and national saving? (6 m)
b) Identify each of the following acts as representing either saving or investment. (4 m)
(i) Daniel earns RM5000 a month and he uses some of his income to buy government bonds.
(ii) Amy has started her delivery business early of this year and she purchases a new truck for her delivery business using borrowed funds.
(iii) Alia received cash RM100 000 from her generous father and she uses some of it to buy stock in a major corporation.
(iv) Aisyah wants to open up a bicycle ship, she hires a contractor to construct a new building for her bicycle shop.
c)
Figure 1: AD & AS diagram
Based on the graph of the aggregate-demand and aggregate-supply curve in Figure 1, assume that the initial equilibrium is at point A. Briefly explain what are the factors of production that could cause the shift of point A to point D (the decline in the aggregate output). (5 m)
d) You need to draw the graph of the aggregate-demand and aggregate-supply curve of a country. What will happen to the equilibrium of the economy if the government imposes a contractionary monetary policy. Please show on the graph and explain briefly. (5 m)
The decrease in money supply would lead to reduced consumer spending and investment, resulting in a lower level of aggregate demand. As a result, the equilibrium point of the economy would shift to a lower level of real GDP and a lower price level, indicating a decrease in both output and overall economic activity.
a) Private saving refers to the portion of income that households save after paying taxes and receiving government transfers. In this case, private saving would be the difference between total income (including taxes and government transfers) and consumption expenditure. Public saving, also known as government saving, is the difference between government revenues (taxes) and government expenditures. National saving is the sum of private saving and public saving.
Private Saving = Total Income - Consumption Expenditure
Public Saving = Government Revenues (Taxes) - Government Expenditures
National Saving = Private Saving + Public Saving
In this scenario:
Private Saving = Total Income - Consumption Expenditure = (Income + Government Transfers) - Consumption Expenditure
Public Saving = Government Revenues (Taxes) - Government Expenditures
National Saving = Private Saving + Public Saving
b) (i) Daniel buying government bonds represents saving.
(ii) Amy purchasing a new truck for her delivery business using borrowed funds represents investment.
(iii) Alia buying stock in a major corporation represents saving.
(iv) Aisyah hiring a contractor to construct a new building for her bicycle shop represents investment.
c) Factors of production that could cause the shift of point A to point D, resulting in a decline in aggregate output, include:
- Decrease in labor productivity: If there is a decline in the efficiency or skill level of the workforce, it can lead to a decrease in aggregate output.
- Reduction in capital stock: If there is a decrease in the availability or quality of physical capital, such as machinery and equipment, it can negatively impact production and lead to a decline in aggregate output.
- Technology shock: A negative change in technology or a decrease in technological advancements can result in lower productivity and a decline in aggregate output.
d) In the aggregate-demand and aggregate-supply graph, if the government imposes a contractionary monetary policy, it would result in a decrease in the money supply and higher interest rates. This can be shown by shifting the aggregate-demand curve to the left. The decrease in money supply would lead to reduced consumer spending and investment, resulting in a lower level of aggregate demand. As a result, the equilibrium point of the economy would shift to a lower level of real GDP and a lower price level, indicating a decrease in both output and overall economic activity.
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Which of the following events will cause an increase in the supply of federal funds (supply function will shift to the right)? a. Banks decide to lend out more money to people. b. Banks decide to lend out more money to other banks. c. Peopie deposit their paychecks in their deposit accounts at commercial banks. d. Banks buy bonds from the public. e. The Fed buys bonds from commercial baniks.
The correct option for the question is e. The Fed buys bonds from commercial banks. When the Fed buys bonds from commercial banks, there is an increase in the supply of federal funds, which results in the supply function shifting to the right.
The increase in the supply of federal funds caused by the Fed buying bonds from commercial banks is known as an open market operation. Open market operations are conducted by the Federal Reserve to control the money supply.
The Fed sells or buys bonds from commercial banks and the public to increase or decrease the supply of federal funds, thereby impacting the money supply and interest rates.Banks decide to lend out more money to people and other banks will lead to an increase in the demand for federal funds.
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Explain why Enterprise risk management is a preferred risk
management tool as compared to the traditional risk management.
Any, why does ERM enhance the value of companies that adopt it.
Enterprise Risk Management (ERM) is considered a preferred risk management tool compared to traditional risk management approaches due to its comprehensive and integrated nature.
Here are a few reasons why ERM is preferred:
Holistic Approach: ERM takes a broader and more strategic view of risks compared to traditional risk management, which often focuses on specific risks in isolation.
ERM considers risks across the entire organization, including operational, financial, strategic, and reputational risks. This holistic approach enables organizations to identify and manage risks more effectively and efficiently.
Integration: ERM integrates risk management into the organization's overall decision-making processes and operations.
Proactive Risk Identification: ERM emphasizes proactive identification and assessment of risks rather than just reacting to risks when they occur.
It encourages organizations to identify potential risks, assess their potential impact, and develop appropriate risk mitigation strategies in advance.
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The Edgeworth Box: An economy consists of two people with utility functions: U₁ = min(x, y) and u₂ = √x√y. Their initial endowments are (xi, yi) (10,6) and = (x²2, y₁) (10, 14). Draw the Edgeworth box for this economy, labeling the axes for each person, the initial endowment, and each person's indifference curve at this initial endowment. Shade in the area showing allocations that are Pareto improvements over the initial bundles. You do not need to solve for equilibrium, just sketch the Edgeworth box.
The Edgeworth box is drawn to visualize the possible allocations within the economy. Pareto improvements are shaded in to show areas where both individuals can make better off without making the other worse off.
The Edgeworth box is a graphical representation of an economy with two individuals, labeled person 1 and person 2. The horizontal axis represents person 1's consumption (x), while the vertical axis represents person 2's consumption (y). The initial endowments of person 1 and person 2 are (10, 6) and (10², 14), respectively.
To begin drawing the Edgeworth box, we plot the initial endowment of person 1 at point A (10, 6) and the initial endowment of person 2 at point B (10², 14). Person 1's indifference curves are derived from their utility function U₁ = min(x, y), which represents their preference for an equal distribution of goods. Person 2's indifference curves are derived from their utility function U₂ = [tex]\sqrt{(x\sqrt{y}) }[/tex], which reflects their preference for a square root relationship between x and y.
The shaded area in the Edgeworth box represents allocations that are Pareto improvements over the initial endowments. These are allocations where both individuals can be made better off without making the other worse off. To determine the Pareto improvements, we identify the points where the individuals' indifference curves intersect. The area shaded in represents all possible allocations that are mutually beneficial.
It's important to note that the Edgeworth box allows us to analyze the possible allocations within the economy but does not provide information about the equilibrium or the actual allocation that would be reached. The box serves as a useful tool to visualize the potential gains from trade and identify Pareto improvements.
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Illustrate the MR = MC rule for a monopoly and show why, over the short run, it will always make economic profit. List at least one (1) reason why economic profit is not necessarily always applicable over the long run.
The MR = MC rule for a monopoly states that profit maximization occurs when the marginal revenue (MR) generated from selling an additional unit of output is equal to the marginal cost (MC) of producing that unit.
In a monopoly, there is no competition, and the firm has the power to control the market price. To determine the profit-maximizing level of output, the monopoly compares the marginal revenue it receives from selling an additional unit to the marginal cost of producing that unit.
If the marginal revenue (MR) from selling an additional unit is greater than the marginal cost (MC) of producing that unit, the monopoly should increase production. By doing so, the additional revenue generated exceeds the additional cost, leading to an increase in total profit.
However, if the marginal cost (MC) of producing an additional unit exceeds the marginal revenue (MR) from selling that unit, the monopoly should decrease production. In this case, the additional cost outweighs the additional revenue, leading to a decrease in total profit.
The reason why a monopoly will always make economic profit in the short run is that it can set prices higher than the marginal cost. By operating at a quantity where MR = MC, the monopoly can charge a price that exceeds the cost of producing that unit. This results in a price-cost margin, which contributes to the monopoly's profit.
In the short run, a monopoly will always make economic profit by operating at the level of output where marginal revenue (MR) equals marginal cost (MC). This is because a monopoly has the power to set prices above the marginal cost, allowing it to earn excess profit. However, it is important to note that in the long run, economic profit may not always be applicable for a monopoly. Factors such as the entry of new competitors or changes in market conditions can erode the monopoly's market power and reduce its ability to sustain economic profit over time.
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Why might Paul Joskow favour solar generation over wind generation?
a. Solar panels do not obstruct views, as they are generally positioned close to the ground.
b. Solar power is more likely than wind to be available during times of peak demand.
c. Solar is better suited than wind in distributing generation because installations can easily be affixed on rooftops in both residential and commercial areas.
d. Wind is more dependent than solar on geographical location and the majority of favourable areas are already in use
Paul Joskow might have a preference for solar generation over wind generation due to its aesthetic appeal, alignment with peak demand, suitability for distributed generation, greater flexibility in terms of location.
a) Paul Joskow might favor solar generation because solar panels are generally positioned close to the ground and do not obstruct views, making them more visually appealing compared to wind turbines, which can be tall and visible from a distance.
b) Solar power is more likely to be available during times of peak demand, such as daytime hours when electricity consumption tends to be higher. This characteristic of solar energy aligns with the demand patterns and can make it an attractive choice for meeting peak electricity needs.
c) Solar generation is well-suited for distributed generation as installations can be easily affixed on rooftops in both residential and commercial areas. This allows for decentralized energy production and reduces the need for extensive transmission infrastructure, making solar a convenient option for localized power generation.
d) Wind generation is more dependent on geographical location and requires specific wind conditions to be efficient. As a result, the majority of favorable wind sites may already be in use or may have limitations due to land availability or environmental considerations. Solar generation, on the other hand, can be implemented in various locations and is not limited by geographical factors.
Based on these reasons, Paul Joskow might have a preference for solar generation over wind generation due to its aesthetic appeal, alignment with peak demand, suitability for distributed generation, and greater flexibility in terms of location.
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The requred production trom the production tudget for Aorit and May is 31,000 units arvd 32,000 units. respectively Each urit of finished goods requined 5 . pounds of raw materiats The compariy awayt maintains raw marterials irventory equal to 20% of the following menths production needs. If the eximpany pays $215 per pound of row matenal, phen what is the esfinated cost of ritw material purciases for April?. 53.41,000 5334.800 $338,400 3335,400
A manufacturing company requires raw materials to make its products. The amount of raw materials required is directly proportional to the amount of goods produced. The company must purchase raw materials to meet its production needs.
The cost of raw materials is determined by the quantity required. Raw material purchases for April can be calculated by taking into account the production requirements for April and the company's raw material inventory. If the company maintains raw material inventory equal to 20% of the following months production needs, this means the raw material inventory for May will be equal to 6,400 (20% of 32,000). Therefore, the estimated cost of raw material purchases for April is $5,289,000 ($215 x 24,600).The correct option is 3335,400.
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In order for a price ceiling to be binding, it must be set the equilibrium price, and it will likely cause Multiple Choice below, excess supply above; a shortage below, a shortage above; excess supply
The correct answer is option (c) which is in order for a price ceiling to be binding, it must be set below the equilibrium price, and it will likely cause a shortage.
When the government imposes a price ceiling on a good or service, it means the highest price that can be charged for that good or service is limited by the government.
A price ceiling set below the equilibrium price is known as binding because it causes a shortage. When the price is below the equilibrium price, the quantity demanded by the consumers will exceed the quantity supplied by the producers.
The demand for the good will increase since the price is lower, and the supply will decrease because the price is not enough to cover the costs of production. This situation creates excess demand or a shortage since the demand for the good is higher than its supply.
Hence, to correct the situation, the government can allocate the goods through rationing or a queue, which results in a black market where goods are sold at prices higher than the price ceiling.
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Complete question is,
In order for a price ceiling to be binding, it must be set___ the equilibrium price, and it will likely cause___ Multiple Choice
(a). below, excess supply
(b). above; a shortage
(c). below, a shortage
(d). above; excess supply.
The management of an amusement park is considering purchasing a new ride for $97,000 that would have a useful life of 10 years and a salvage value of $11,700. The ride would require annual operating costs of $40,500 throughout its useful life. The company's discount rate is 9%. Management is unsure about how much additional ticket revenue the new ride would generate-particularly since customers pay a flat fee when they enter the park that entitles them to unlimited rides. Hopefully, the presence of the ride would attract new customers. (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Required: How much additional revenue would the ride have to generate per year to make it an attractive investment? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Additional revenue The management of an amusement park is considering purchasing a new ride for $97,000 that would have a useful life of 10 years and a salvage value of $11,700. The ride would require annual operating costs of $40,500 throughout its useful life. The company's discount rate is 9%. Management is unsure about how much additional ticket revenue the new ride would generate-particularly since customers pay a flat fee when they enter the park that entitles them to unlimited rides. Hopefully, the presence of the ride would attract new customers. (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Required: How much additional revenue would the ride have to generate per year to make it an attractive investment? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
The ride would have to generate an additional revenue of approximately $362,424 per year to make it an attractive investment.
To determine how much additional revenue the ride would have to generate per year to make it an attractive investment, we can use the net present value (NPV) approach. The NPV calculates the present value of the expected cash inflows (revenue) and outflows (operating costs) associated with the investment.
First, let's calculate the present value of the operating costs:
Operating Costs = $40,500 per year
Discount Rate = 9%
Useful Life = 10 years
Using the present value of an ordinary annuity table, we can find the discount factor for 10 years at a discount rate of 9% to be 6.4177.
Present Value of Operating Costs = Operating Costs * Discount Factor
= $40,500 * 6.4177
= $260,478.45
Next, let's calculate the present value of the salvage value:
Salvage Value = $11,700
Discount Rate = 9%
Useful Life = 10 years
Using the present value of a single sum table, we can find the discount factor for 10 years at a discount rate of 9% to be 0.4224.
Present Value of Salvage Value = Salvage Value * Discount Factor
= $11,700 * 0.4224
= $4,945.28
Now, let's calculate the initial investment:
Purchase Price = $97,000
The initial investment is equal to the purchase price of the ride.
Initial Investment = $97,000
Finally, we can calculate the additional revenue needed per year to make the investment attractive. This can be done by equating the present value of the expected cash inflows (additional revenue) to the present value of the operating costs and salvage value.
Additional Revenue - Present Value of Operating Costs - Present Value of Salvage Value = Initial Investment
Additional Revenue = Initial Investment + Present Value of Operating Costs + Present Value of Salvage Value
Additional Revenue = $97,000 + $260,478.45 + $4,945.28
= $362,423.73
Therefore, the ride would have to generate an additional revenue of approximately $362,424 per year to make it an attractive investment.
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Ingraham Inc, currently has $660,000 in accounts recelvable, and its days sales outstanding (DSO) is 44 days. It wants to reduce its DSO to 20 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 5%. What will be the level of accounts receivable foliowing the change? Assume a 365 -day year. Do not round intermediate calculations, Round your answer to the nearest dollar.
To determine the level of accounts receivable following the change, we need to calculate the reduction in accounts receivable based on the desired DSO and the decrease in average sales.
First, let's calculate the daily sales using the current DSO. The formula to calculate daily sales is:
Daily Sales = Accounts Receivable / DSO
Using the current DSO of 44 days and the current accounts receivable of $660,000, we can calculate the daily sales as:
Daily Sales = $660,000 / 44 = $15,000
Next, let's calculate the desired level of accounts receivable based on the desired DSO of 20 days. The formula to calculate accounts receivable is:
Accounts Receivable = Daily Sales * DSO
Using the desired DSO of 20 days and the current daily sales of $15,000, we can calculate the desired level of accounts receivable as:
Accounts Receivable = $15,000 * 20 = $300,000
Now, let's calculate the decrease in average sales due to the 5% reduction. The formula to calculate the decrease in average sales is:
Decrease in Average Sales = Average Sales * Decrease Percentage
Using the current average sales and the 5% decrease, we can calculate the decrease in average sales as:
Decrease in Average Sales = Average Sales * 0.05
Finally, to find the level of accounts receivable following the change, we subtract the decrease in average sales from the desired level of accounts receivable:
Accounts Receivable Following Change = Desired Accounts Receivable - Decrease in Average Sales
Please provide the value of the current average sales so that I can provide you with the final answer.
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Not much (less than 5%) economic activity goes on in the informal sector. Select one: O True O False
False. The informal sector often represents a significant part of the economy in many countries, particularly in developing nations, and it can account for more than 5% of economic activity.
The informal economy refers to economic activities and income that are partially or fully outside of government regulation. This could involve informal employment such as street vending, unregistered businesses, or undeclared work. While it's challenging to measure precisely due to its nature, the International Labour Organization estimates that the informal economy represents around 30-60% of global GDP. Its size varies widely between countries, often being more significant in less developed economies.
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National Mining Company purchased a mine, which holds an estimated 40,000 tons of iron ore, on January 1, 2018, for $524,000. The mine is expected to have zero residual value. The business extracted a sold 13,500 tons of ore in 2018 and 11,800 tons of ore in 2019 What is the depletion expense for 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O $114,500 $347,150 $176,850 O $154,500
National Mining Company purchased a mine, which holds an estimated 40,000 tons of iron ore, on January 1, 2018, for $524,000. The mine is expected to have zero residual value. The business extracted a sold 13,500 tons of ore in 2018 and 11,800 tons of ore in 2019. The depletion expense for 2018 is $176,850.
To calculate the depletion expense, we need to determine the depletion cost per ton of ore and then multiply it by the number of tons extracted in 2018.
The depletion cost per ton of ore is calculated by dividing the purchase cost of the mine ($524,000) by the estimated total tons of ore (40,000). This gives us a depletion cost per ton of $13.10.
Next, we multiply the depletion cost per ton by the number of tons extracted in 2018 (13,500). This results in a depletion expense of $13.10 * 13,500 = $176,850.
Therefore, the depletion expense for 2018 is $176,850.
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