The first bond price will be the answer you obtained in part A, and the price of the second bond will be the answer you obtained in part B.
To find the prices of the bonds, we can use the formula for the present value of a bond:
Price of Bond = (Coupon Payment / YTM) * (1 - (1 / (1 + YTM)^n)) + (Face Value / (1 + YTM)^n)
Where:
- Coupon Payment is the annual coupon payment
- YTM is the yield to maturity
- n is the number of periods (years)
A. For the first bond, with a 30-year maturity, a 7% coupon rate, and a 7.5% YTM:
- Coupon Payment = 7% * Face Value
- n = 30
Plug in the values into the formula and solve for the Price of Bond.
B. For the second bond, with a 6-year maturity, a 12% coupon rate, and a 9% YTM:
- Coupon Payment = 12% * Face Value
- n = 6
Again, plug in the values into the formula and solve for the Price of Bond.
Therefore, the first bond price will be the answer you obtained in part A, and the price of the second bond will be the answer you obtained in part B. Make sure to show all the calculations and work in your homework for full credit.
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The fact that the news media is responsible for educating people is what makes it so powerful. The media can easily sway the opinions of the public just by choosing what it tells them. It is because of all this that the media plays an important role in policy making. Within this context, discuss the role the media played with regard to current urban land challenges the country. When answering this question, refer to the media's role in the construction of problems. (25) outline and around 17 experience
The media has significant influence in shaping public opinion and policy making. In the context of current urban land challenges, the media's role in constructing problems is crucial.
Through selective reporting, framing, and agenda-setting, the media can shape narratives, highlight certain issues, and influence public perception. This can impact policy discussions and decisions related to urban land use, development, and planning. The media's ability to prioritize certain perspectives o rinterest can shape public discourse and affect policy outcomes. Their role in constructing problems lies in the power to define the issues, assign blame, and shape public attitudes and perceptions towards urban land challenges.
The media's power to educate and sway public opinion makes it influential in policy making. In the context of urban land challenges, the media's role in constructing problems refers to how they frame, highlight, and influence public perception of these issues. Through selective reporting and agenda-setting, the media can prioritize certain perspectives, assign blame, and shape public attitudes towards urban land challenges. This influence can impact policy discussions and decisions, as policymakers often respond to public sentiment. Understanding the media's role in constructing problems helps us critically analyze the narratives and biases presented in news coverage and recognize the potential impact on policy outcomes. By being aware of this influence, stakeholders can engage in informed discussions and work towards more equitable and effective solutions for urban land challenges.
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Introduction (20 Marks)
• Provide a basic understanding of employee retention,
employee engagement and Human resource policies and practices in
the global and Malaysian context from the perspectives
GROUP ASSIGNMENT (40\%) BAGB4053/BAGB 4054 SEMINAR IN HUMAN RESOURCE Course Learning Outcome CLO2: Discuss contemporary issues in Human Resource Management CLO3: Evaluate the critical challenges faced
Employee retention is a critical issue in human resource management in today's business world. In simple terms, employee retention refers to the ability of a company to keep its employees for an extended period.
Employee engagement is the degree to which employees feel connected and committed to their work, their co-workers, and the organization. The human resource policies and practices in the global and Malaysian context play a crucial role in employee retention and engagement. The following are some of the practices that companies can adopt to retain their employees.
Flexible work schedules, work-life balance, competitive compensation, and benefits, professional development opportunities, and recognition and rewards are some of the key human resource policies and practices that companies can adopt to improve employee engagement and retention.
In the global context, companies need to adopt diverse policies and practices to meet the needs of employees from different backgrounds and cultures. For instance, companies can adopt flexible work schedules to accommodate employees from different time zones.
In the Malaysian context, the government has enacted laws such as the Employment Act and the Industrial Relations Act that protect the rights of employees. These laws stipulate minimum wage requirements, working hours, and other benefits that employers must provide to their employees.
In conclusion, employee retention and engagement are critical issues in human resource management. Companies can adopt various policies and practices to retain their employees and improve their engagement. In the global and Malaysian context, companies need to adopt diverse policies and practices that meet the needs of employees from different backgrounds and cultures while complying with the relevant laws and regulations.
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Discuss these popular financial terms: Inflation, Deflation,
Recession, Depression. Compare and contrast these words, citing
periods of time and examples of each.
Inflation, deflation, recession, and depression are popular financial terms that represent different economic conditions.
- Inflation refers to the general increase in prices of goods and services over time, resulting in the decrease in the purchasing power of money.
- Deflation is the opposite of inflation, indicating a decrease in prices and an increase in the purchasing power of money.
- Recession signifies a period of temporary economic decline characterized by a contraction in economic activity, reduced production, and increased unemployment.
- Depression represents a severe and prolonged economic downturn with a significant decline in economic activity, high unemployment rates, and widespread hardship.
An example of inflation would be the United States during the 1970s when high oil prices led to rising prices across the economy.
Deflation was experienced by Japan during the 1990s and early 2000s when the bursting of a real estate and stock market bubble caused prices to decline.
The global financial crisis of 2008 triggered a recession in many countries, including the United States. The Great Depression of the 1930s stands as a notable example of a severe and prolonged economic depression with significant social and economic consequences.
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On the idea of comparative advantage, which of the following statements is correct?
A)A country with low productivity cannot have a comparative advantage in any good
B)A country has a comparative advantage in producing a good if the cost of producing that good is lower in that
country than in other countries.
C)A country has a comparative advantage in producing a good if the cost of producing that good is higher in that
country than in other countries.
D)A country has a comparative advantage in producing a good if the opportunity cost of producing that good is
lower in that country than in other countries.
E)A country has a comparative advantage in producing a good if the opportunity cost of producing that good is higher in that country than in other countries.
F)Comparative advantage is static and does not respond to external shocks
On the idea of comparative advantage, A country has a comparative advantage in producing a good if the opportunity cost of producing that good is lower in that country than in other countries. The correct option is D.
According to the concept of comparative advantage, a country specializes in producing goods or services for which it has a lower opportunity cost compared to other countries. The opportunity cost refers to the value of the next best alternative that is forgone in order to produce a particular good or service.
By specializing in the production of goods or services with lower opportunity costs, countries can efficiently allocate their resources and maximize their overall production and welfare.
This allows for trade between countries, where each country can focus on producing the goods or services in which it has a comparative advantage and then trade with other countries to obtain the goods or services it lacks comparative advantage in.
Comparative advantage is dynamic and can change over time due to various factors, such as changes in technology, resource availability, or trade policies.
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mike carlson will receive $26,000 a year from the end of the third year to the end of the 17th year (15 payments). the discount rate is 11%. the present value today of this deferred annuity is
Mike carlson will receive $26,000 a year from the end of the third year to the end of the 17th year (15 payments). the discount rate is 11% .The present value today of this deferred annuity is approximately
$148,018.27.
To find the present value today of this deferred annuity, we need to use the formula for the present value of an annuity.
The formula for the present value of an annuity is:
[tex]PV = P * (1 - (1 + r)^(-n)) / r[/tex]
Where:
- PV is the present value
- P is the payment amount per period ($26,000 in this case)
- r is the discount rate (11% in this case)
- n is the number of periods (15 payments in this case)
Using the given values, we can calculate the present value as follows:
[tex]PV = $26,000 * (1 - (1 + 0.11)^(-15)) / 0.11[/tex]
Simplifying this calculation gives:
PV ≈ $26,000 * (1 - 0.376889) / 0.11
PV ≈ $26,000 * 0.623111 / 0.11
PV ≈ $148,018.27
Therefore, the present value today of this deferred annuity is approximately $148,018.27.
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Macroeconomics true/false questions:
1. According to economists, money is a resource.
True
False
2. In economics, capital is defined as money.
True
False
3. Scarcity occurs only in poor societies.
True
False
4. If there is no scarcity, there is no opportunity cost.
True
False
5. Economists use the terms resource and input as synonyms.
True
False
Please answer all of them or don't answer. Thanks
Money is considered a resource in economics because it enables individuals and businesses to acquire goods, services, and other resources. It serves as a medium of exchange, facilitating transactions and trade within an economy. True
According to economists, Is money is a resource?Economists view money as a valuable asset that contributes to the production and consumption of goods and services. It is a widely accepted form of payment and represents purchasing power in an economy.
In economics, capital refers to assets that are used in the production of goods and services. While money can be a form of capital, the concept of capital extends beyond just money. Capital includes physical assets such as machinery, buildings, equipment, as well as human capital, which encompasses the skills, knowledge, and expertise of individuals. Money, on the other hand, is primarily a medium of exchange and a store of value, but it does not encompass the broader concept of capital in economics.
Scarcity is a fundamental concept in economics and exists in all societies, regardless of their level of wealth. Scarcity arises from the basic problem of unlimited wants and needs, coupled with limited resources. Even in affluent societies, where there may be an abundance of certain resources, there are always constraints on other resources. Scarcity necessitates making choices and allocating resources efficiently to satisfy the most pressing needs and wants. Thus, scarcity is a universal phenomenon that affects all societies, regardless of their economic status.
Opportunity cost is the value of the next best alternative foregone when making a choice. It arises due to scarcity. If there is no scarcity, and all resources are abundantly available, there would be no need to make choices and allocate resources.
In such a scenario, there would be no opportunity cost because all desired options could be pursued simultaneously. However, in the real world where resources are limited, scarcity forces individuals and societies to prioritize and make trade-offs, resulting in the incurrence of opportunity costs.
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Discuss how performance management and performance appraisal are related in improving the performance of human capital within an organisation
Performance appraisal is an essential part of performance management because it provides a formal mechanism for measuring and evaluating individual performance.
It serves several purposes:
Feedback and recognition: Performance appraisals allow managers to provide feedback to employees about their strengths, areas for improvement, and accomplishments. Goal setting and alignment: Performance appraisals help in setting clear performance goals and aligning them with the organization's objectives. Identification of training and development needs: Performance appraisals help identify skill gaps and development needs of employees. Performance-based rewards and recognition: Performance appraisals often serve as the basis for determining rewards, such as salary increases, bonuses, promotions, or other recognition programs. Performance improvement and corrective action: If performance appraisal identifies areas of underperformance or behavioral issues, it provides an opportunity for managers to address them through coaching, mentoring, or performance improvement plans.For such more question on management:
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A couple thinking about retirement decide to put aside $27,500 each year in a savings plan that earns 6.40% interest. In 10 years they will receive a gift of $140,000 that also can be invested. a. How much money will they have accumulated 27 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. If their goal is to retire with $2,468,640 of savings, how much extra do they need to save every year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a. To calculate the amount of money the couple will have accumulated 27 years from now, we can use the future value formula for compound interest.
The annual contribution to the savings plan is $27,500, and the interest rate is 6.40%. The time period is 27 years.
1. Calculate the future value of the annual contributions:
FV_annual = A * ((1 + r)^n - 1) / r
FV_annual = $27,500 * ((1 + 0.064)^27 - 1) / 0.064
2. Calculate the future value of the gift:
FV_gift = $140,000 * (1 + 0.064)^27
3. Add the future values of the annual contributions and the gift to find the total accumulated amount:
Total accumulated amount = FV_annual + FV_gift
Calculate FV_annual using the formula mentioned in step 1 and FV_gift using the formula mentioned in step 2. Then add the results to find the total accumulated amount.
b. To calculate the extra amount they need to save each year to reach their goal of $2,468,640, we can use the future value of an ordinary annuity formula.
The goal amount is $2,468,640, the interest rate is 6.40%, and the time period is 27 years.
1. Rearrange the formula for future value of an ordinary annuity:
A = PV * (1 + r)^n * r / ((1 + r)^n - 1)
A represents the annual savings needed.
2. Substitute the given values into the formula and solve for A.
Substitute the goal amount, interest rate, and time period into the formula. Then solve for A.
Please note that the intermediate calculations should not be rounded. However, the final answers for both parts should be rounded to 2 decimal places.
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Read the informative paragraph below, research it thoroughly, write down your findings, and analyze your findings, then after, write down your personal opinion.
Every business firm must have a vision that stimulates growth, matches risk taking, and influences innovation by adapting to the changing global surrounding.
Entrepreneurship involves innovation. Innovation and entrepreneurship concepts have multiple meanings and can be explored by the simple definition of entrepreneurship given by Schumpeter who defines entrepreneurs as individuals that carry out new combinations.
A good idea is nothing more than a tool in the hands of an entrepreneur says Jeffry Timmons 1977. This shows that innovation, or as called earlier "the idea" is just the sparkle that triggers the processes of the entrepreneur in the making of and continuing the success of a business.
Entrepreneurship and innovation are interrelated to each other. The businesses that are creative and innovative always come up with new strategies to stimulate growth, adapt to the changing global surrounding, and match risk-taking. Innovation is the key to success for businesses.
Entrepreneurship is defined as a process of creating, developing, and organizing a business enterprise to achieve something new and innovative. Schumpeter, an economist, defines entrepreneurs as individuals who carry out new combinations. A new combination can be a new product, a new method of production, opening a new market, finding a new source of supply of raw material or components, or exploiting a new way of organizing an industry. The idea of innovation is the starting point for the entrepreneur. Jeffry Timmons defines it as a tool in the hands of an entrepreneur. Innovation is just the starting point; the process of an entrepreneur is the actualization of the idea into a business.
An entrepreneur takes the idea and applies it to the market or industry. Entrepreneurship and innovation are important to business firms. Innovation helps in creating new products or services, improving existing products or services, and developing new markets. Entrepreneurship helps in identifying and seizing opportunities, creating jobs, generating wealth, and contributing to economic growth. Innovation and entrepreneurship are two sides of the same coin. Entrepreneurs use innovation to start a business, identify opportunities, and create something new that contributes to the growth of the economy. Innovation creates something new, and entrepreneurship takes the idea and creates a business around it. Innovation helps in creating something new, and entrepreneurship helps in creating a business around it. Both are equally important, and without one, the other cannot exist. Therefore, entrepreneurship and innovation should be encouraged and supported by the government and society.
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If the ATC is Greater than the Price at the optimum output level, the firm is experiencing which of these? OOO Economic Losses Normal Profit Economic Profits If the Price is higher than ATC at the optimal output level, a firm would experience which of the following? Economic Profit Normal Profit Economic Losses Question 15 According to the lecture, which of the following has Limited Liability? Partnerships Sole Proprietorships Corporations 2.9 pts
If ATC is greater than price, the firm is experiencing economic losses; if price is higher than ATC, the firm is experiencing economic profits; corporations offer limited liability.
If the Average Total Cost (ATC) is greater than the price at the optimum output level, it indicates that the firm is experiencing economic losses. This means that the cost of producing goods or services exceeds the revenue generated from selling them, resulting in a negative profit.
On the other hand, if the price is higher than the ATC at the optimal output level, the firm would experience economic profits.
This occurs when the revenue generated exceeds the cost of production, leading to positive profit. In terms of liability, corporations offer limited liability, which means that the owners or shareholders are not personally responsible for the company's debts or legal obligations beyond their investment.
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Since the united states imports a large quantity of textiles from asia, the overall wages of u.s. textile workers has ________, while the price of textiles in the united states has ________.
The overall wages of U.S. textile workers has decreased, while the price of textiles in the United States has decreased.
Due to the large quantity of textile imports from Asia, the overall wages of U.S. textile workers have decreased. The influx of cheaper textiles from Asia has led to increased competition in the domestic textile industry, causing a decline in wages as companies seek to cut costs and remain competitive.
Simultaneously, the price of textiles in the United States has also decreased. The availability of lower-priced imported textiles from Asia has created downward pressure on prices in the domestic market. Consumers can now purchase textiles at lower prices, benefiting from the increased affordability of imported products.
This dual effect of decreasing wages for U.S. textile workers and decreasing prices of textiles reflects the impact of international trade and competition on the domestic textile industry. The interconnectedness of global markets influences labor dynamics and pricing structures, resulting in these changes.
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You are given the following data for the country of Cedar. Exports Consumption Gross investment $90 $325 $112 $75 Government spending Imports Net Foreign factor income Indirect taxes $126 $78 -$8 $64 a.What is the value of GDP? , b. What is the value of national income.
a. the value of GDP for the country of Cedar is $524.
b. The value of national income for the country of Cedar is $460.
a. To calculate the value of GDP (Gross Domestic Product), use expenditure approach, which sums up the components of expenditure in the economy. The components of expenditure include consumption (C), gross investment (I), government spending (G), and net exports (X - M), where X represents exports and M represents imports.
Given the following data:
Exports (X) = $90
Consumption (C) = $325
Gross investment (I) = $112
Government spending (G) = $75
Imports (M) = $78
GDP = C + I + G + (X - M)
GDP = $325 + $112 + $75 + ($90 - $78)
GDP = $325 + $112 + $75 + $12
GDP = $524
Therefore, the value of GDP for the country of Cedar is $524.
b. To calculate the value of national income, we subtract indirect taxes from GDP. Indirect taxes are taxes on the production or sale of goods and services that are included in the prices paid by consumers
Given the following data:
Indirect taxes = $64
National income = GDP - Indirect taxes
National income = $524 - $64
National income = $460
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Jett Buys A Pool Costing $26,750. Pools For Peeps Charges 4% Add-On Interest. If He Pays $6,750 Down And Agreed To Monthly Payments Over Three Years, Then Calculate Each Of The Following. (A) TheAmount Financed (B) The Finance Charge (C)The Total Installment Price (D)The Monthly Payment (E) Find Jett's Total Cost, For The Pool Plus Interest
The term "Monthly Payment" refers to the fixed amount of money that a borrower is required to pay each month towards a loan or debt. Let's break down each calculation:
(A) The Amount Financed:
The amount financed is the principal amount borrowed. It can be calculated by subtracting the down payment from the total cost of the pool.
Amount Financed = Total Cost - Down Payment
(B) The Finance Charge:
The finance charge is the total amount of interest paid over the loan term. It can be calculated by applying the add-on interest rate to the amount financed.
Finance Charge = Amount Financed * Interest Rate
(C) The Total Installment Price:
The total instalment price is the sum of the amount financed and the finance charge. It represents the total amount Jett will pay over the loan term.
Total Installment Price = Amount Financed + Finance Charge
(D) The Monthly Payment:
The monthly payment is the fixed amount Jett needs to pay each month over the loan term. It can be calculated by dividing the total instalment price by the number of months in the loan term.
Monthly Payment = Total Installment Price / Number of Months
(E) Jett's Total Cost:
Jett's total cost is the sum of the total instalment price and the down payment.
Total Cost = Total Installment Price + Down Payment
Given the specific values, we can now perform the calculations:
Total Cost = $26,750
Down Payment = $6,750
Interest Rate = 4%
Number of Months = 36 (3 years)
(A) The Amount Financed:
Amount Financed = Total Cost - Down Payment
(B) The Finance Charge:
Finance Charge = Amount Financed * Interest Rate
(C) The Total Installment Price:
Total Installment Price = Amount Financed + Finance Charge
(D) The Monthly Payment:
Monthly Payment = Total Installment Price / Number of Months
(E) Jett's Total Cost:
Total Cost = Total Installment Price + Down Payment
Let's plug in the values and calculate each component:
(A) The Amount Financed:
Amount Financed = $26,750 - $6,750
(B) The Finance Charge:
Finance Charge = Amount Financed * 0.04
(C) The Total Installment Price:
Total Installment Price = Amount Financed + Finance Charge
(D) The Monthly Payment:
Monthly Payment = Total Installment Price / 36
(E) Jett's Total Cost:
Total Cost = Total Installment Price + $6,750
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Read the first four paragraphs (1-4) of the above comprehension passage and write a summary.
Your summary should be one-third (1/3) of the original text.
Our current educational system focuses on preparing today’s youth to get good jobs by developing scholastic skills. Their lives will revolve around their wages. Many will study further to become engineers, scientists, cooks, police officers, artists, writers, and so on. These professional skills allow them to enter the workforce and work for money. But there is a big difference between your profession and your business. Often, I ask people, "What is your business?" And they will say, "Oh, I’m a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business.
2. A problem with school is that you often become what you study. So, if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. a. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich. To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. The number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.
3. That is why we hear so often: "I need a raise." "If only I had a promotion." "I am going back to school to get more training so I can get a better job." "I am going to work overtime." "Maybe I can get a second job." The primary reason the majority of the poor and middle class are fiscally conservative—which means, "I can’t afford to take risks"— is that they have no financial foundation. b. They have to cling to their jobs and play it safe. When downsizing became the "in" thing to do, millions of workers found out their largest so-called asset, their home, was eating them alive. Their "asset" was costing them money every month. Their car, another "asset," was eating them alive. The golf clubs in the garage that cost $1,000 were not worth $1,000 anymore. Without job security, they had nothing to fall back on. What they thought were assets could not help them survive in a time of financial crisis.
4. I assume most of us have filled out a credit application to buy a house or a car. It’s always interesting to look at the "net-worth" section because of what accepted banking and accounting practices allow a person to count as assets. One day when I wanted a loan, my financial position did not look too good. So, I added my new golf clubs, my art collection, books, electronics, Armani suits, wristwatches, shoes, and other personal belongings to boost the number in the asset column. But I was turned down from getting the loan because I had too much investment in renting houses. The loan committee didn’t like that I made so much money from rent. They wanted to know why I did not have a normal job with a salary. They did not question the Armani suits, golf clubs, or art collection. Life is sometimes tough when you do not fit the standard profile.
The current educational system focuses on preparing youth for jobs, but it's important to differentiate between a profession and a business .
people become what they study and spend their lives working for someone else, neglecting their own business.
Financial security lies in building assets, not just relying on income. The poor and middle class struggle due to lack of financial foundation, often clinging to jobs for security. Possessions like homes and cars can become liabilities rather than assets. Traditional net-worth calculations may not account for unconventional sources of wealth, leading to difficulties in obtaining loans.
The first four paragraphs highlight the distinction between a profession and a business. While the educational system aims to equip individuals with scholastic skills for good jobs, it's crucial to understand that a profession alone might not guarantee financial independence. Many people mistakenly confuse their profession, such as being a banker, with owning a business. Financial security comes from minding one's own business and focusing on building assets rather than solely relying on income.
The second paragraph emphasizes that becoming what one studies can lead to a narrow focus on someone else's business, which often enriches others rather than oneself. To achieve financial stability, individuals need to pay attention to their own asset column. Differentiating between assets and liabilities becomes crucial. The wealthy prioritize growing their asset columns, while those who concentrate solely on their income statements struggle to achieve financial success.
The third paragraph delves into the reasons why the poor and middle class tend to be fiscally conservative and risk-averse. Lacking a strong financial foundation, they become dependent on their jobs for stability and are reluctant to take risks. Economic downturns expose the vulnerability of their so-called assets, such as homes and cars, which turn out to be burdens rather than sources of financial security.
The fourth paragraph illustrates a personal experience related to net-worth calculations and loan applications. It highlights the disparity between accepted accounting practices and unconventional wealth sources. While personal belongings like art collections, golf clubs, and expensive suits were not questioned, the committee focused on the applicant's rental property investments instead of a traditional job with a salary. This experience serves as an example of the challenges faced when deviating from the standard profile.
Overall, the passage emphasizes the importance of minding one's own business, building assets, and understanding the difference between assets and liabilities. It sheds light on the struggles faced by those without a solid financial foundation and challenges traditional notions of wealth evaluation.
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You always have three beers with every slice of pizza that you eat: no more, no less. Assume your weekly income is $56, the price of beer is $2, and the price of pizza is $1. A. ( 3 points) Are pizza and beer substitutes or complements for you? B. (12 points) What is your optimal bundle of pizza and beer? Justify your answer.
A. Pizza and beer are complements for you.
B. Your optimal bundle is 14 slices of pizza and 42 beers. This combination maximizes your satisfaction given your income and the prices of pizza and beer.
A. Pizza and beer are complements for you.
B. Your optimal bundle is 18 slices of pizza and 54 beers. This bundle maximizes your satisfaction within your budget constraint.
A. Pizza and beer are complements for you because you always consume three beers with every slice of pizza. They are consumed together, suggesting a complementary relationship.
B. To determine your optimal bundle, we need to find the combination of pizza and beer that maximizes your satisfaction within your budget constraint. With a weekly income of $56, you can buy a maximum of 56 pizzas or 28 beers.
To find the optimal bundle, we need to compare the marginal utilities per dollar spent on pizza and beer. Assuming both goods provide equal satisfaction per unit consumed, the marginal utility per dollar spent is the same for both.
With the price of pizza at $1, you can buy a maximum of 56 pizzas. Each pizza consumed gives you three beers, resulting in a total of 168 beers. However, this exceeds your budget constraint.
With the price of beer at $2, you can buy a maximum of 28 beers. This would require 9.33 pizzas (28/3) to maintain the complementary ratio. Since you cannot buy a fraction of a pizza, the maximum whole pizzas you can purchase is 9. This gives you a total of 27 beers (9 pizzas * 3 beers/pizza).
Therefore, your optimal bundle is 9 slices of pizza and 27 beers, which maximizes your satisfaction within your budget constraint.
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Janis, owner of Joplin’s Mercedes Benz Dealership, has just purchased a new hydraulic lift for her dealership. The lift cost her $10,000. She estimates that the equipment will last for 3 years. She also estimates that her additional net cash revenues from the purchase and use of the machine will be: $3,000 at the end of year 1, $3,500 at the end of year 2, and $4,000 at the end of year 3. The interest rate that Janis could have earned if she invested the $10,000 for three years in a financial institution is 4.5% per year. Janis is now having second thoughts on whether this was a smart purchase and wants to know the resale value of the hydraulic lift at the end of three years that she will need in order to breakeven by the end of 3 years. Assuming Janis focuses on just breaking even, determine the resale value Janis would need in order to breakeven. Show all your work and present the cash flows on a timeline.
Janis would need a resale value of $312.57 in order to break even by the end of 3 years.
To determine the resale value Janis would need in order to break even by the end of 3 years, we need to calculate the present value of the cash flows and compare it to the cost of the hydraulic lift.
Step 1: Calculate the present value of the cash flows.
PV = CF1/(1+r)^1 + CF2/(1+r)^2 + CF3/(1+r)^3
PV = $3,000/(1+0.045)^1 + $3,500/(1+0.045)^2 + $4,000/(1+0.045)^3
PV = $2,869.57 + $3,242.63 + $3,575.23
PV = $9,687.43
Step 2: Compare the present value to the cost of the hydraulic lift.
Cost of hydraulic lift = $10,000
If the present value is equal to the cost of the hydraulic lift, then Janis will break even. Therefore, the resale value Janis would need in order to break even is:
Resale value = Cost of hydraulic lift - Present value
Resale value = $10,000 - $9,687.43
Resale value = $312.57
Therefore, Janis would need a resale value of $312.57 in order to break even by the end of 3 years.
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Janis would need to sell the hydraulic lift for a resale value of $9,394.23 in order to break even.
To determine the resale value Janis would need in order to break even, we need to calculate the present value of the net cash revenues and compare it to the initial cost of the hydraulic lift.
Step 1: Calculate the present value of the net cash revenues:
- Year 1: $3,000 / (1 + 0.045) = $2,873.56
- Year 2: $3,500 / (1 + 0.045)^2 = $3,161.55
- Year 3: $4,000 / (1 + 0.045)^3 = $3,359.12
Step 2: Calculate the total present value of the net cash revenues:
Total PV = $2,873.56 + $3,161.55 + $3,359.12 = $9,394.23
Step 3: Compare the total present value of the net cash revenues to the initial cost:
$9,394.23 - $10,000 = -$605.77
Since the total present value is negative, it means Janis would need to sell the hydraulic lift for at least $605.77 less than the initial cost of $10,000 in order to break even.
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SECTION A [100 MARKS]
Answer ALL the questions in this section.
Question 1
CIMA's code of ethics establishes a conceptual framework that
requires a professional accountant
to identify, evaluate, and address threats to compliance with the fundamental principles. The
conceptual framework approach assists professional accountants in complying with the ethical
requirements of this code and meeting their responsibility to act in the public interest. There are a
variety of threats that can impact an auditor’s compliance to the fundamental principles of the
code. List and explain these 5 threats
The five threats that can impact an auditor's compliance with the fundamental principles of CIMA's code of ethics are: self-interest threat, self-review threat, advocacy threat, familiarity threat, and intimidation threat.
1. Self-Interest Threat: This threat arises when a professional accountant's personal or financial interests could improperly influence their judgment or behavior. It includes situations where the accountant has a conflict of interest due to a financial stake in the client's performance. 2. Self-Review Threat: This threat occurs when a professional accountant needs to evaluate or review their own previous work. It can compromise their objectivity and independence when assessing the quality or adequacy of their own judgments or services. 3. Advocacy Threat: This threat arises when a professional accountant strongly promotes or defends the interests of their client, compromising their objectivity and independence. Advocacy threats can occur when the accountant is perceived as being too closely aligned with the client's interests. 4. Familiarity Threat: This threat occurs when a close relationship between the professional accountant and a client or employee of the client compromises their objectivity and professional skepticism. It can arise from longstanding relationships or personal connections that may impair the auditor's judgment. 5. Intimidation Threat: This threat arises when a professional accountant feels unduly pressured or influenced by others, leading to a compromise in their independence and objectivity. Intimidation threats can emerge when the accountant fears retaliation or adverse consequences for raising concerns or reporting irregularities.
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Discuss in detail the stakeholder approach
PMBA Organizational Theory 350 words
The stakeholder approach in organizational theory is a perspective that recognizes the significance of various individuals, groups, and organizations who have a stake or interest in the activities and outcomes of a business. It emphasizes the importance of considering the needs, expectations, and impacts on different stakeholders when making decisions and managing an organization.
In the stakeholder approach, stakeholders are not limited to shareholders or owners of the organization but also include employees, customers, suppliers, local communities, government entities, and even non-governmental organizations (NGOs).
One key aspect of the stakeholder approach is identifying and prioritizing stakeholders. This involves analyzing their power, legitimacy, and urgency in relation to the organization. Power refers to the ability of a stakeholder to influence the organization, legitimacy refers to the stakeholder's perceived right to be involved, and urgency reflects the stakeholder's level of time sensitivity or criticality.
By adopting a stakeholder approach, organizations can better understand the expectations and concerns of different stakeholders and incorporate their perspectives into decision-making processes. This approach promotes accountability, transparency, and ethical behavior as organizations recognize the impact of their actions on various stakeholders and strive to address their interests.
Additionally, the stakeholder approach acknowledges that stakeholders can have both tangible and intangible interests. Tangible interests may include financial returns, job security, or access to quality products and services.
Implementing the stakeholder approach requires effective communication, engagement, and collaboration with stakeholders. Organizations may use various strategies such as stakeholder mapping, regular dialogue, surveys, and feedback mechanisms to understand stakeholder perspectives and incorporate their input into decision-making processes.
The stakeholder approach has gained prominence due to the growing recognition that organizations have broader responsibilities beyond maximizing shareholder value. It aligns with the principles of corporate social responsibility and sustainability, emphasizing the need to balance the interests of multiple stakeholders to achieve long-term organizational success.
In conclusion, the stakeholder approach in organizational theory recognizes the importance of considering the interests and impacts of various stakeholders.
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Your friend that hasn't taken any economics classes is arguing that trade is only good for rich countries. Explain to them why all countries can benefit from trade using what you learned in this class.
Explain the concept of comparative advantage in your own words.
Explain how specialization in the areas of comparative advantage can affect production in both rich and poor countries.
How will it affect each country's consumer market? How will affect the producer market?
Include what it means to have a market with willing participants and how this relates to consumer and producer surplus.
Explain how through trade each country is able to consume at a point beyond their domestic production possibilities frontier. Include a description of what the production possibility frontier represents.
Trade is advantageous for all countries, and not only for rich countries. Trade is beneficial because it enables countries to specialize in the production of goods and services in which they have a comparative advantage. Comparative advantage is the capacity of a country to produce a good or service at a lower opportunity cost than another country.
It allows countries to specialize in the production of products or services for which they have a comparative advantage, rather than attempting to produce all goods or services by themselves. Specialization in the areas of comparative advantage will result in more efficient production.
Rich countries will specialize in the production of goods that require high-skilled workers, whereas poor countries will specialize in the production of goods that require low-skilled workers. Each country can trade its specialized products with other countries for a profit. The producer market will benefit from the increased production, while the consumer market will benefit from lower prices and increased variety in products.
A market with willing participants is one in which producers and consumers exchange goods and services for prices that are mutually acceptable. A consumer surplus exists when the amount that a consumer is willing to pay for a good exceeds the actual price of the good. A producer surplus exists when the amount that a producer receives for a good exceeds the cost of producing it. Through trade, each country can consume at a point beyond their domestic production possibilities frontier.
As a result, countries can consume more goods than they could if they were only producing domestically.
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Twelve years ago, your parents set aside $8,000 to help fund your college education. Today, that fund is valued at $23,902. What annually compounded rate of interest is being earned on this account? Multiple Choice 9.06% 9.67% 8.99% 9.55%
The annually compounded rate of interest earned on the account is 9.06%. Te correct option is (A) 9.06%.
We have initial principal = $8000
Value of the principal after 12 years = $23,902
We need to calculate the annually compounded rate of interest earned on the account.
The formula for the future value of investment is given as:
FV = PV × [1 + i]^n
Where,
FV = Future Value
PV = Present Value
i = interest rate
n = number of years
Substituting the given values in the above formula we get:
$23,902 = $8,000 × [1 + i]^12
Simplifying the above equation we get:
[1 + i]^12 = $23,902/$8,000[1 + i]^12
= 2.9878
Taking the 12th root on both sides we get:
1 + i = (2.9878)^(1/12)1 + i
= 1.0906
i = 1.0906 - 1
i = 0.0906 or 9.06%
Hence, the annually compounded rate of interest earned on the account is 9.06%.Therefore, the correct option is (A) 9.06%.
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Voluntary chain—a wholesaler‑sponsored group of independent retailers that engage in group buying and common merchandising.
Retailer cooperative—a group of independent retailers that band together to set up a jointly owned, central wholesale operation and conducts joint merchandising and promotion efforts.
Franchise— The main difference between franchise organizations and other contractual systems is that franchise systems are normally based on some unique product or service; on a method of doing business. Franchises command 40 percent of all retail sales in the United States.
Merchandising conglomerates are corporations that combine several different retailing forms under central ownership. An example is Limited Brands, which operates The Limited, Express, Victoria’s Secret, and others.
Do you see any of these types of associations in the grocery retail industry? What would the primary benefits of joining a retail association be for grocery stores?
Yes, voluntary chains and retailer cooperatives are examples of associations that are commonly found in the grocery retail industry.
Voluntary chains are wholesaler-sponsored groups of independent retailers that engage in group buying and common merchandising. In contrast, a retailer cooperative is a group of independent retailers that band together to set up a jointly-owned, central wholesale operation and conducts joint merchandising and promotion efforts.The primary benefits of joining a retail association for grocery stores include cost savings through collective buying and advertising, greater bargaining power with suppliers, increased access to financing and other resources, and the ability to share best practices and knowledge with other members. By participating in a retail association, grocery stores can also stay abreast of industry trends and developments, and have a voice in shaping industry standards and regulations. Furthermore, membership in a retail association can help grocery stores establish a competitive advantage by leveraging the collective resources and expertise of the association's members to improve operations and enhance customer service.
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Consider demand for gasoline in the short term. When price
increases by 30% demand for gasoline
falls by 15%. What is the price elasticity of demand for
gasoline?
The price elasticity of demand for gasoline in the given scenario is - 1/2 0r -0.5.
Price elasticity of demand = Percentage change in quantity demanded / Percentage change in price
We have percentage change in quantity demanded as 15% and percentage change in price as 30% and we have to put these values in formula to find the price elasticity of demand.
Price elasticity of demand = - 15 / 30 = - 1/2
= - 0.5
Price elasticity evaluates how responsively demand or force for a good is to a change in price. It's calculated by dividing the chance change in the volume that's needed( or delivered) by the chance change in the price.
Five introductory orders — impeccably elastic, elastic, impeccably inelastic, inelastic, and unitary — can be used to group adaptability together. A demand or force that's elastic has an pliantness lesser than one, indicating that it's largely responsive to price oscillations.
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11
Lincoln Parik Cohes e bond outstanding with a coupon rate of 5.68 percent and semiennial payment. The yield to maturity is 6.5 percent and the bond matures in 17 years. What is the market price if the bond has a per value of $2,000
Multiple Choice
$1832.74
$51835.50
$5183708
$1,86940
$5183410
The market price of the bond with a par value of $2,000 is $1,869.40.
To calculate the market price of the bond, we need to use the present value formula for bond pricing. Given that the bond has a coupon rate of 5.68% and semiannual payments, we can determine the semiannual coupon payment to be $56.80 (0.0568 * $2,000 / 2). Using the yield to maturity (YTM) of 6.5%, we can calculate the discount rate per period, which is 3.25% (6.5% / 2). The number of periods until maturity is 34 (17 years * 2). Next, we calculate the present value of the bond's future cash flows, including the coupon payments and the final repayment of the par value. Summing up these present values, we get $1,869.40. Therefore, the correct choice is: $1,869.40
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When determining who your target market is you should consider
all of the following except:
A.The largest market of available users
B.How much value customers attach to the benefits you
provide
C.All
In identifying your target market, considering the value customers attach to the benefits you provide is crucial, whereas focusing solely on the largest market of available users isn't always the best strategy. The option 'C' provided isn't relevant as it doesn't state a consideration.
When determining a target market, it's vital to assess how much value potential customers perceive in the benefits you offer. This involves understanding their needs, and preferences, and how your product or service meets those requirements. On the contrary, the mere size of the market shouldn't be the only factor considered. A larger market doesn't guarantee greater profitability or success; it could also mean fierce competition, diversified needs, and high customer acquisition costs. Therefore, a more targeted approach focusing on a specific market segment that highly values your offerings may yield better results.
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A market participant who buys and sells securities from their own inventory is called a Multiple Choice trader. broker. capitalist. dealer. principal.
Correct option is Principal. A market participant who buys and sells securities from their own inventory is called a principal. A principal is a term used in finance and investing to describe a person or entity that engages in financial transactions with the goal of making a profit.
It can refer to an individual investor, a financial institution, or a trading firm.Principals may participate in markets in various ways, such as buying and selling securities from their own inventory, acting as market makers, or taking positions in derivatives markets. As market makers, principals help to facilitate trading by providing liquidity, which helps to ensure that buyers and sellers can execute trades at reasonable prices.
Principals who buy and sell securities from their own inventory are sometimes referred to as "dealers" or "traders." They are different from brokers, who act as intermediaries between buyers and sellers but do not take positions in the markets themselves. Capitalists, on the other hand, are individuals who own and invest in businesses or other assets with the goal of generating profit.
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Shariah-compliant stocks are one of the most popular options for investors today, but screening must be completed to verify Shariah compliance. Determine the parameters that must be followed to achieve Shariah conformity
islamic banking anf finance
To achieve Shariah conformity in stock investing, parameters such as avoiding interest-based transactions, unethical activities, excessive debt, and promoting ethical business practices must be followed.
To achieve Shariah conformity in stock investing, certain parameters must be followed. These parameters are based on Islamic principles and include the following:
1. Prohibition of Riba (Interest): Investments should avoid interest-based transactions or income derived from interest-bearing activities.
2. Prohibition of Gharar (Uncertainty): Investments should avoid excessive uncertainty, speculation, or gambling-like practices.
3. Prohibition of Haram Activities: Companies involved in industries such as alcohol, gambling, pork, weapons, or any other activities deemed unethical or against Islamic principles should be avoided.
4. Debt-to-Asset Ratio: Companies with excessive debt or interest-bearing debt may not be considered Shariah-compliant.
5. Business Ethics: Companies must adhere to ethical business practices, transparency, and fair dealings.
These parameters ensure that investments align with Islamic principles and are deemed Shariah-compliant.
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A 6 year bond issued today by Doodle, Inc. has a coupon rate of 13%, a required return of 3% and a face value of $1000. The bond will be sold 2 years from now when interest rates will be 4%. What is the actual rate of return (or holding period return) over this 2 year period? Round to the nearest percent.
The actual rate of return refers to the realized or achieved rate of return on an investment after considering all factors, including income, capital appreciation or depreciation, and any associated costs or fees
To calculate the actual rate of return (holding period return) over 2 year period, we need to find the price of the bond after 2 years using the following formula:
PV = F / (1 + k)^t + C * [1 - 1 / (1 + k)^t] / k
Here, C = Annual coupon payment
= F × r = $1000 × 13%
= $130
Putting the values in the formula, we get:
PV = $1000 / (1 + 3%)^6 + $130 * [1 - 1 / (1 + 3%)^6] / 3%
PV = $867.39
The price of the bond after 2 years can be calculated as:
P2 = PV × (1 + k2)^2
P2 = $867.39 × (1 + 4%)^2
P2 = $958.10
The actual rate of return over the 2-year period can be calculated using the following formula:
Actual rate of return = (P2 - PV + C) / PV
Actual rate of return = ($958.10 - $1000 + $130) / $867.39
Actual rate of return = $88.10 / $867.39 ≈ 10.15%
Therefore, the actual rate of return over this 2-year period is 10.15% (rounded to the nearest percent).
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From theory discuss- why are there mismatches between supply and demand? How does Seven-Eleven Japan supply chain deal with this kind of mismatch? How the Seven-Eleven Japan can be more responsive and provide customers what they need, when they need it, and where they need it.
Supply and demand mismatches arise due to forecasting errors and time constraints. Seven-Eleven Japan addresses these challenges through efficient response strategies, such as advanced information systems, rapid replenishment, and a decentralized supply chain. By continuously improving their supply chain practices, they can become even more responsive to customer needs.
Several factors contribute to these mismatches. One reason is forecasting errors, where companies fail to accurately predict consumer demand. Another factor is the time it takes to produce and deliver goods, resulting in delays and imbalances.
Seven-Eleven Japan's supply chain effectively deals with supply and demand mismatches by utilizing a strategy called "efficient response." They achieve this through three key elements: advanced information systems, rapid replenishment, and a decentralized supply chain.
Firstly, Seven-Eleven Japan employs advanced information systems that provide real-time data on sales and inventory levels. This enables them to closely monitor consumer demand and adjust their supply accordingly.
Secondly, rapid replenishment is crucial in ensuring that goods are restocked quickly to meet customer demand. Seven-Eleven Japan achieves this by maintaining close relationships with suppliers, utilizing a just-in-time inventory system, and frequent deliveries.
Lastly, Seven-Eleven Japan's decentralized supply chain allows each store to have autonomy in ordering and restocking based on local customer demand. This flexibility ensures that each store can respond promptly to its specific needs.
To become even more responsive and provide customers with what they need, when they need it, and where they need it, Seven-Eleven Japan can further enhance its supply chain. This can be done by leveraging technology to improve demand forecasting accuracy, optimizing transportation and delivery processes for faster response times, and expanding its product range to cater to diverse customer preferences.
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a. Identify possible external entities for Airbnb platform. (5
Marks)
b. Prepare possible context diagram (Data Flow Diagram level 0)
for Airbnb platform. (9 Marks)
c. Prepare Data Flow Diagram level
a. Possible external entities for Airbnb platform are:Guests: Guests are people who look for accommodation and use the Airbnb platform to book a stay.
Hosts: Hosts are people who provide accommodation through Airbnb platform.Suppliers: Suppliers are the people who provide necessary services and facilities like cleaning, maintenance, and repairs, etc. for the Airbnb platform.
Payment Gateway: The payment gateway is an entity that facilitates online payment between guests and hosts in a secure way.b. Possible context diagram (Data Flow Diagram level 0) for Airbnb platformc. Data Flow Diagram Level 1 for Airbnb platform.
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5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 6% coupon, semiannual payment ($30 payment every 6 months). The bonds currently sell for $847.87. If the firm's marginal tax rate is 25%, what is the firm's after-tax cost of debt? Do not round intermediate calculations. Round your answer to two decimal places.
The after-tax cost of debt is approximately 0.05 or 5.30%.
To calculate the firm's after-tax cost of debt, we need to consider the coupon payment, the current market price of the bonds, and the firm's marginal tax rate.
First, we calculate the annual coupon payment by doubling the semiannual payment:
**Annual Coupon Payment = 2 * Semiannual Coupon Payment = 2 * $30 = $60**
Next, we determine the yield to maturity (YTM) of the bonds by using the current market price:
**Yield to Maturity (YTM) = Annual Coupon Payment / Current Market Price = $60 / $847.87**
Then, we calculate the after-tax cost of debt by considering the firm's marginal tax rate:
After-Tax Cost of Debt = YTM * (1 - Marginal Tax Rate)
After-Tax Cost of Debt = ($60 / $847.87) * 0.75
After-Tax Cost of Debt ≈ 0.05301
Rounded to two decimal places
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