The prοvisiοn οf the Sale οf Gοοds Act ensures that gοοds meet certain quality standards and are fit fοr their intended purpοse.
2. Merchantable quality means that gοοds are οf satisfactοry quality and suitable fοr sale in the οrdinary cοurse οf business.
Products' merchantable quality is referred to as: Latent flaws are not present in the goods. able to be sold at their full value. products that can be purchased by consumers. The suspicion in the law that merchandise sold by a business will be good for their motivation.
3. The federal Cοmpetitiοn Act prοmοtes and maintains cοmpetitiοn in the marketplace, preventing anti-cοmpetitive practices.
The Act accommodates the foundation of a Rivalry and Buyer Insurance Council ("Court"). It is expected that the Tribunal will rule on issues related to how the Act works.
4. The Sale οf Gοοds Act gοverns the transfer οf οwnership (title) and assοciated risks frοm the seller tο the buyer.
The seller retains title and risk of loss until the buyer gives their approval (or after a reasonable amount of time), The buyer's trial use of the goods does not itself constitute acceptance; instead, the seller retains title and risk of loss until the buyer accepts.
5. When gοοds are sοld, the buyer nοrmally bears the risk οf lοss, damage, οr destructiοn.
In most cases, we can say that the seller bears the risk until the property is transferred to the buyer, who also takes on the risk. However, the parties may decide to transfer the risk prior to or following the transfer of the property in the goods to the buyer.
What is Sale οf Gοοds Act?The prοvisiοn οf the Sale οf Gοοds Act relating tο the fitness and quality οf the gοοds is impοrtant because it prοtects the rights οf buyers and ensures that they receive gοοds that meet certain standards. This prοvisiοn states that gοοds sοld must be οf satisfactοry quality and fit fοr their intended purpοse.
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Contingent Liability
On the situation below determine whether the liability is provision or not. Write Provision if it be recognized a liability and their corresponding amount. If not be recognized as a liability, write "not provision".
a. In May 2019, E Company became involved in litigation. In December 2019, the court assessed a judgment for P1,600,000 against E Company. The entity is appealing the amount of the judgment. The attorneys believed it is probable that the assessment can be reduced on appeal by 50%. The appeal is expected to take at least a year._____________________
b. In July 2019 Cebu City brought action against E Company for polluting the river with its waste products. It is probable that Cebu City will be successful but the amount of damages the entity might have to pay should not exceed P1,500,000.________________________
c. E Company has signed as guarantor for a P1,000,000 loan by First Bank to N Company a principal supplier to E Company. At this time, there is only a remote likelihood that E Company will have to make payment on Behalf of N Company._________________________
d. E Company has long owned a manufacturing site that has now been discovered to be contaminated with toxic waste. The entity has acknowledged its responsibility for the contamination. An initial clean up feasibility study has shown that it will cost at least P500,000 to clean up the toxic waste._________________________
e. E Company has been sued for patent infringement and lost the case. A preliminary judgement of P300,000 was issued and is under legal appeal. The entity attorneys agree that it is probable that the entity will lose this appeal.____________________
f. No customer accounts have been shown to be uncollectible as yet but E Company estimated that 3% of credit sales will eventually prove uncollectible. Credit sales amounted P30,000,000 for 2019. _______________________
g. E Company offers a two-year warranty against manufacturers defect for all its products. Industry experience indicates that warranty costs will approximately 2% of credit sales. Actual warranty paid totalled P350,000. ___________________________
h. E Company is involved in a lawsuit resulting from a dispute with a customer. On January 2020, judgment was rendered against
E. Company in the amount of P1,500,000 plus interest of P300,000. E Company plans to appeal the judgment and is unable to predict its outcome though it is not expected to have a material adverse effect on the entity._______________________
a. Provision: The liability should be recognized as a provision. The amount recognized would be P800,000, which is 50% of the assessed judgment of P1,600,000.
b. Provision: The liability should be recognized as a provision. The amount recognized would be P1,500,000, as it is the maximum amount of damages the entity might have to pay.
c. Not provision: As there is only a remote likelihood that E Company will have to make payment on behalf of N Company, it does not meet the criteria for recognizing a provision.
d. Provision: The liability should be recognized as a provision. The amount recognized would be at least P500,000, as indicated by the initial clean-up feasibility study.
e. Provision: The liability should be recognized as a provision. The preliminary judgment of P300,000 is probable to be paid, considering the agreement that the entity will lose the appeal.
f. Provision: The liability should be recognized as a provision. The estimated uncollectible amount would be P900,000 (3% of credit sales of P30,000,000).
g. Provision: The liability should be recognized as a provision. The estimated warranty costs would be P600,000 (2% of credit sales of P30,000,000). The actual warranty paid of P350,000 is below the estimated amount.
h. Not provision: As the outcome of the appeal is uncertain but not expected to have a material adverse effect, it does not meet the criteria for recognizing a provision.
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Which of the following statements is true about using the internal rate of return (IRR)? a. You need to know the cost of capital to make a conclusion with IRR. b. You need the cost of capital to calculate the IRR. c. There can only be one IRR. d. The decison rule using IRR is the same for both conventional and non-conventional cash flows.
The correct answer is Option b. You need the cost of capital to calculate the IRR.
The internal rate of return (IRR) is a financial metric used to evaluate the profitability of an investment or project. It represents the discount rate at which the net present value (NPV) of the cash flows associated with the investment becomes zero. To calculate the IRR, you need to estimate the cash flows generated by the project and determine the discount rate.
The cost of capital is the required rate of return on an investment, representing the opportunity cost of the funds used. It reflects the minimum rate of return that investors expect to receive from the investment. Since the IRR is the rate at which the NPV is zero, it is crucial to compare the IRR with the cost of capital to make an informed decision about the investment's viability.
The correct statement is b. You need the cost of capital to calculate the IRR. The cost of capital is necessary to determine whether the IRR is greater than or equal to the required rate of return. If the IRR exceeds the cost of capital, the investment is considered acceptable, while if it falls below the cost of capital, the investment may be rejected.
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name the five (5) key characteristics to consider in the development and implementation of a supplier relationship management system
When developing and implementing a supplier relationship management system, it is important to consider the following key characteristics:
Communication and Collaboration: The system should facilitate effective communication and collaboration between the buyer and the supplier. It should provide channels for sharing information, resolving issues, and aligning goals.Performance Metrics and Evaluation: The system should include mechanisms for measuring supplier performance using relevant metrics. It should enable tracking key performance indicators, conducting evaluations, and providing feedback to improve supplier performance.Contract and Relationship Management: The system should support contract management activities, such as creating and maintaining contracts, monitoring compliance, and managing contract renewals. It should also facilitate relationship-building efforts to foster mutually beneficial partnerships.Learn more about management here : brainly.com/question/32216947
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Which of the following is a technological issue that must be
considered in the digital environment?
Rate of technological change
Ensuring the competitiveness of companies
Localization of web content
A
Rate of technological change is a technological issue that must be considered in the digital environment. Option A is the correct answer.
The rate of technological change is a crucial technological issue that organizations and individuals must take into account in the digital environment. Technology is evolving rapidly, with new innovations and advancements emerging regularly. This constant change requires individuals and companies to stay updated with the latest technologies, trends, and tools to remain competitive.
Failing to keep up with the pace of technological change can result in obsolescence and hinder the ability to adapt and leverage new opportunities. Therefore, understanding and managing the rate of technological change is essential for success in the digital environment.
Option A is the correct answer.
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What are the benefits of a competition authority for a nation (such as the FTC i the USA) (15 marks)
A competition authority, like the FTC in the USA, provides several benefits for a nation. It enforces antitrust laws, protects consumer interests, promotes economic efficiency, ensures market fairness, and facilitates international cooperation in competition policy.
A competition authority, such as the Federal Trade Commission (FTC) in the USA, plays a crucial role in promoting and maintaining a competitive market environment. Here are some key benefits of having a competition authority:
Enforcement of Antitrust Laws: A competition authority enforces antitrust laws that prohibit anti-competitive practices such as price-fixing, monopolies, and abuse of market power. This helps prevent unfair business practices and promotes competition, which ultimately benefits consumers by ensuring lower prices, better quality, and greater innovation.Protection of Consumer Interests: Competition authorities protect consumer interests by ensuring fair and transparent markets. They investigate and address issues related to misleading advertising, false claims, and anti-competitive behavior that can harm consumers. This helps maintain consumer trust and confidence in the marketplace.Promoting Economic Efficiency: Competition authorities foster economic efficiency by encouraging competition among firms. Competitive markets incentivize businesses to improve their efficiency, innovate, and offer better products and services at competitive prices. This leads to resource allocation optimization, productivity growth, and overall economic development.Market Regulation and Fairness: Competition authorities regulate markets and ensure a level playing field for businesses. They prevent unfair practices that can hinder competition, such as predatory pricing, exclusive contracts, or market manipulation. This promotes fair competition, encourages market entry, and prevents the concentration of market power.International Cooperation and Harmonization: Competition authorities also engage in international cooperation and harmonization efforts. They collaborate with counterparts from other countries to address cross-border antitrust issues, share best practices, and promote consistent competition policies globally. This helps prevent anti-competitive practices from gaining an advantage through international operations.To know more about Benefits of a competition authority for a nation, visit:
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Application Computing Gains, Losses, and Performance Bond Calls on a Futures Contract On Monday morning, you long one CME yen futures contract containing ¥12,500,000 at a price of US$0.009433. Suppose the broker requires an initial performance bond of $4,000 and a maintenance performance bond of $3,400. The settlement prices for Monday to Thursday are $0.009542, $0.009581, $0.009375, and $0.009369, respectively. On Friday, you close out the contract at a price of $0.009394. Calculate the daily cash flows on your account. Describe any performance bond calls on your account. What is your cash balance with your broker as of the close of business on Friday? Assume that you begin with an initial balance of $4,590 and that your round- trip commission was $27.
The investor, who has a loss-averse linear value function with a coefficient of λ=2.5, needs to choose between keeping money in a savings account or buying shares with equal probabilities of gaining £500 or losing £250.
To calculate the daily cash flows, we need to determine the gain or loss for each day by multiplying the change in settlement price with the contract size. If the cash flow is positive, it represents a gain, while a negative cash flow indicates a loss. Performance bond calls occur when the maintenance performance bond is insufficient to cover losses. If the account equity falls below the maintenance performance bond, a call for additional funds is made.
The cash balance is updated by adding or subtracting the daily cash flows and accounting for the initial balance and round-trip commission. At the close of business on Friday, the cash balance with the broker is the result of these calculations.
By applying the provided settlement prices, contract size, initial and maintenance performance bonds, and considering the initial balance and round-trip commission, the daily cash flows can be computed. Performance bond calls can be identified if the account equity falls below the maintenance performance bond. Finally, the cash balance at the close of business on Friday can be determined by adjusting the initial balance based on the daily cash flows and commission.
Bolded words: daily cash flows, performance bond calls, cash balance, settlement prices, contract size, initial balance, round-trip commission.
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What is Projection? Explain its importance as a
domain to a great leadership.
When we project an aspect of ourselves that we don't like onto someone else, it serves as a form of self-defense is called as Projection.
Leaders have to make sure to avoid falling into the projection trap because it is the responsibility as leaders to assist those we lead in identifying the barriers to their success. Employees rely on leaders to instill in them the belief that their company is on the right track and that, as members of that organization, they are contributing to a worthwhile cause. Therefore, in order to effectively manage an organization, executives must exude confidence and stability and provide a compelling vision.
Successful leaders are also aware that they will always be reflected in their team. If the team's leader is not well-organized, it is doubtful that the team will be as well. It is nearly guaranteed that the team won't focus on learning new things or continuing their own personal growth if the leader doesn't. Therefore, effective team leaders must be congruent and model the behaviors they desire from their subordinates.
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If a taxpayer sells a passive activity with suspended passive activity losses from prior years, what type of income can be offset by the suspended passive losses in the year of sale? Passive activity income Active business income Any of these types of income can be offset. None of these. The suspended losses disappear when the passive activity is sold.
The correct answer is a. When a taxpayer sells a passive activity with suspended passive activity losses from prior years, any passive activity income or active business income can be offset by the suspended passive losses in the year of sale.
This means that the taxpayer can use the losses to reduce their taxable income and potentially reduce their tax liability for the year of sale. It is important to note that the losses cannot be used to offset other types of income, such as wages or investment income. Additionally, if the taxpayer does not have any passive activity or active business income in the year of sale, the suspended losses may continue to carry forward to future years until they can be used to offset future passive activity or active business income. Therefore, it is important for taxpayers to keep track of their passive activity losses and consult with a tax professional to ensure that they are properly reported and utilized.
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3. US Mkt. for new cars. Semiconductor chips enable so
many different car functions, from interior lighting to seat control to blind-spot detection. The change in the market for chips affects supply/demand of US made cars because,
Show the effect of the change in the market for chips. Equilibrium price equilibrium quantity
4. US Mkt. for used cars. The change in the price of new cars affects supply/demand of used cars because
Show the effect of the change in the
price of new cars. Equilibrium price equilibrium quantity
pe
The change in the market for chips affects the supply/demand of US-made cars due to production disruptions and consumer preferences.
A shortage of semiconductor chips disrupts car production, reducing supply. Limited chip availability may also lower demand as consumers seek feature-rich vehicles. This results in a decrease in equilibrium price and quantity of US-made cars.
Conversely, increased chip availability enhances production capacity, leading to a higher equilibrium price and quantity. Consumer preferences for technologically advanced features drive the demand for cars with sufficient chip supply. Changes in chip market conditions can thus significantly impact the supply and demand dynamics of the US market for new cars.
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---- The question is inappropriate; the correct question is:
US Mkt. for new cars. Semiconductor chips enable somany different car functions, from interior lighting to seat control to blind-spot detection. The change in the market for chips affects supply/demand of US made cars because,Show the effect of the change in the market for chips. Equilibrium price equilibrium quantity ----
How did B Corporations survive better than similar-sized
businesses during the COVID-19 pandemic?
B Corporations are unique businesses that seek to balance social and environmental good with financial profitability. These types of corporations fared better than similar-sized businesses during the COVID-19 pandemic in a number of ways.
1. Greater Resilience: B Corporations were found to have greater resilience during the pandemic. This can be attributed to the fact that many B Corporations were already adhering to responsible business practices such as having remote work capabilities, paid sick leave, and strong supplier relationships. This put B Corporations in a better position to manage and navigate through the pandemic.
2. Customer Support: B Corporations were able to garner more customer support during the pandemic. As the public became more conscious of the social and environmental impact of their consumption, many chose to support businesses that aligned with their values. B Corporations were well-positioned to tap into this growing demand.
3. Mission Alignment: B Corporations have a clear mission of balancing social and environmental impact with profitability. This helped them make decisions during the pandemic that were in line with their mission, which in turn helped to build trust with customers and employees. As a result, B Corporations were able to attract and retain talent, even during the difficult times of the pandemic.
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The management of Kunkel Company is considering the purchase of a $24,000 machine that would reduce operating costs by $6,000 per year. At the end of the machine’s five-year useful life, it will have zero scrap value. The company’s required rate of return is 13%.
Required:
1. Determine the net present value of the investment in the machine.
2.What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine?
The net present value (NPV) of the investment is -$2,842.43, indicating that the investment is not financially favorable. The difference between total cash inflows and outflows over the machine's life is $6,000.
To determine the net present value (NPV) of the investment in the machine, we need to calculate the present value of the cash inflows and outflows associated with the machine over its five-year useful life. The formula to calculate NPV is:
NPV = Present Value of Cash Inflows - Present Value of Cash Outflows
First, let's calculate the present value of the cash inflows. The machine reduces operating costs by $6,000 per year for five years. We discount these cash inflows using the required rate of return of 13%:
PV of Cash Inflows [tex]= 6,000 / (1 + 0.13) + 6,000 / (1 + 0.13)^2 + 6,000 / (1 + 0.13)^3 + 6,000 / (1 + 0.13)^4 + 6,000 / (1 + 0.13)^5[/tex]
PV of Cash Inflows = $5,309.73 + $4,698.32 + $4,162.70 + $3,695.64 + $3,291.18
PV of Cash Inflows = $21,157.57
Next, we need to calculate the present value of the initial investment or cash outflow. The machine costs $24,000 initially, and since it has no scrap value at the end of its useful life, there is no additional cash inflow associated with its disposal.
PV of Cash Outflows = $24,000
Now we can calculate the net present value:
NPV = $21,157.57 - $24,000
NPV = -$2,842.43
The net present value of the investment in the machine is -$2,842.43. Since the NPV is negative, it indicates that the investment is not expected to generate a return higher than the required rate of return (13%).
The difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine can be calculated by subtracting the total cash outflows from the total cash inflows.
Total Cash Inflows = $6,000 * 5 years = $30,000
Total Cash Outflows = $24,000
Difference = Total Cash Inflows - Total Cash Outflows
Difference = $30,000 - $24,000
Difference = $6,000
Therefore, the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine is $6,000. This means that the total inflows exceed the total outflows by $6,000 without considering the time value of money. However, when we account for the time value of money by calculating the net present value, we find that the investment is not financially favorable with a negative NPV of -$2,842.43.
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3.Which one of the five generic competitive strategies discussed in Chapter 5 most closely approximates the competitive approach that Starbucks is employing?
4.What are the key policies, practices, business principles, and procedures that underlie how Howard Schultz and Starbucks’ management have implemented and executed the company’s strategy?
3. Starbucks is most closely employing the differentiation strategy among the five generic competitive strategies discussed in Chapter 5. Starbucks has built a strong brand image that is synonymous with high-quality coffee, friendly customer service, and a relaxing atmosphere.
They differentiate themselves from their competitors by offering premium coffee blends, personalized drinks, and a unique customer experience. Starbucks also has an extensive food menu and offers free Wi-Fi and comfortable seating to enhance the customer experience. By offering these unique features, Starbucks has created a loyal customer base that is willing to pay a premium price for their products.
4. The key policies, practices, business principles, and procedures that underlie how Howard Schultz and Starbucks’ management have implemented and executed the company’s strategy include:
a) Focus on customer satisfaction: Starbucks believes in providing a unique customer experience by offering personalized drinks, friendly service, and comfortable seating.
b) Quality control: Starbucks sources high-quality coffee beans from around the world and employs strict quality control measures to ensure that their products are of the highest standard.
c) Innovation: Starbucks regularly introduces new products, menu items, and technology to keep up with changing customer preferences and trends.
d) Employee training: Starbucks invests heavily in employee training and development to ensure that their employees are knowledgeable, skilled, and able to provide exceptional customer service
e) Corporate social responsibility: Starbucks is committed to ethical and sustainable sourcing practices and invests in social and environmental initiatives to make a positive impact on society.
By implementing these policies and practices, Starbucks has been able to differentiate itself from its competitors, build a strong brand image, and create a loyal customer base.
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ABC company has no debt. The company has a market value of worth $400,000. Let’s assume that the ABC company sells debt worth $225,000 to finance the share repurchase. What is the effect of this policy on the weights of both equity and debt?
When the ABC company sells debt worth $225,000 to finance the share repurchase, it introduces debt into its capital structure. As a result, the weights of both equity and debt will change.
Before the debt issuance, since the company had no debt, the entire market value of $400,000 was attributed to equity. Therefore, the weight of equity was 1 (or 100%) and the weight of debt was 0.
After selling debt worth $225,000, the company's capital structure will consist of both equity and debt. The market value of equity remains the same at $400,000, as the share repurchase does not affect it. The market value of debt is now $225,000, which represents the amount raised through the debt issuance.
As a result, the weight of equity becomes $400,000 / ($400,000 + $225,000) = 0.64 or 64%. The weight of debt becomes $225,000 / ($400,000 + $225,000) = 0.36 or 36%.
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Therefore, the effect of this policy is that the weight of equity decreases to 64%, while the weight of debt increases to 36% in the company's capital structure.
PLEASE HELP NEEDED....
Search the library and the Internet for information
pertaining to the ethical violation made by an organization, past
or present, and be sure not to identify the organ
An organization that is pertaining to ethical violation is Amazon. A stray piece about something in their warehouses gave off a sense of unethical behavior. But it becomes difficult to envisage an alternative when a mega-corporation starts to permeate and be ever-present in our everyday life.
A deed that violates or acts against something, particularly a law, agreement, moral precept, or other thing that ought to be considered unethical.
As a result of Amazon's success, many people may view them as a necessary evil in today's society, making the effort to understand why they are troublesome nearly seem futile. It is preferable to not know how horrible something is if it cannot be avoided.
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Your question is incomplete, but most probably the full question was,
Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (Own Words)
Q1 : Show in steps ( put screenshots) how to put this linear programming model in Microsoft Excel ( show how to put the model and how to solve it in the Excel Solver)
Max R = 0.14 xC + 0.16 x S + 0.15 x DO + DP/16 x 2.3
Constraints
0.72 C + 0.2 S+ 1.0 DO + 1.0DP <= 16000( 1000 pound =16000ounce)
0.28 C+ 0.40 S <= 5600
40S <=8000
C+S+DO <=20000
DP <=1000
C>=3000
S>=3000
DO>=3000
C-S <= 0.1 X (C+S)
To put the linear programming model in Microsoft Excel and solve it using the Excel Solver, the steps are as follows:
Set up the Excel spreadsheet with the decision variables, objective function, and constraints.
Define the decision variables and the objective function using the appropriate cell references.
Enter the constraints using the appropriate cell references.
Use the Excel Solver add-in to specify the objective function to maximize and the constraints to be satisfied.
Run the Solver to find the optimal solution for the linear programming model.
To solve the given linear programming model in Microsoft Excel, you can follow these steps:
Step 1: Set up the Excel spreadsheet:
Create a new Excel worksheet and label the columns for the decision variables (C, S, DO, DP), the objective function, and the constraints.
Define the ranges of cells where the decision variables, objective function, and constraints will be entered.
Step 2: Define the decision variables and objective function:
Enter the decision variables (C, S, DO, DP) in separate cells.
Enter the coefficients of the objective function (0.14, 0.16, 0.15, 2.3/16) in the corresponding cells.
Multiply each decision variable by its coefficient and sum them to calculate the objective function.
Step 3: Enter the constraints:
Enter each constraint in a separate row, with the left-hand side variables multiplied by their respective coefficients.
Add the constraint values on the right-hand side of each row.
Step 4: Use the Excel Solver:
Go to the "Data" tab in Excel and click on "Solver" in the "Analysis" group.
Set the objective cell as the objective function cell and select "Max" for maximizing.
Define the constraints by selecting the appropriate cells and setting the constraint limits.
Click "Add" to add each constraint.
Set the Solver options as needed and click "Solve" to find the optimal solution.
Step 5: Review the results:
Once the Solver finishes running, review the solution in the Excel spreadsheet.
The Solver will adjust the decision variables to maximize the objective function while satisfying all the constraints.
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A company issued 100 shares of $100 par value common stock for $11,800 cash. The total amount of paid-in capital in excess of par is: Multiple Choice a $100. b $1,000. c $1,800. d $10,000. e $11,800.
The total amount of paid-in capital in excess of par is $1,800 (option c).
The total amount of paid-in capital in excess of par for a company that issued 100 shares of $100 par value common stock for $11,800 cash can be calculated as follows:
1. Calculate the total par value: 100 shares * $100 par value per share = $10,000.
2. Calculate the total amount received from the stock issuance: $11,800.
3. Calculate the paid-in capital in excess of par: Total amount received - Total par value = $11,800 - $10,000 = $1,800.
So, the total amount of paid-in capital in excess of par is $1,800 (option c).
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A patient believes that they face two possible states of health in the coming year, poor health with a probability of 20%, in which the anticipated yearly costs will be $10,000. There’s the state of good health, with a probability of 80% which will cost them $5,000. Let’s say the insurance policy offered to this patient costs $7,500 for the year. (3 points) Is this policy actuarially fair? Why or why not? (3 points) What is the policy’s loading factor?
The policy's loading factor is 25%, indicating that the premium charged for the insurance is 25% higher than the expected value of the health costs.
Expected value of the health costs = (Probability of poor health × Cost of poor health) + (Probability of good health × Cost of good health)
Expected value = (0.20 × $10,000) + (0.80 × $5,000)
Expected value = $2,000 + $4,000
Expected value = $6,000
The annual cost of insurance is $7,500 which is more than the $6,000 estimate for health care expenses. As a result of the insurance policy's cost exceeding the expected value of health costs it is not actuarially fair.
Loading factor = (Insurance cost - Expected value of health costs) / Expected value of health costs
Loading factor = ($7,500 - $6,000) / $6,000
Loading factor = $1,500 / $6,000
Loading factor ≈ 0.25 or 25%
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Manama Co. is considering adding a new product line that is expected to increase annual sales by $342,000 and expenses by $236,000. The project will require $24612 in fixed assets that will be depreciated using the straight-line method to a zero book value over the 4-year life of the project. The company has a marginal tax rate of 29 percent. What is the depreciation tax shield?
The depreciation tax shield for Manama Co.'s new product line is approximately $1,783.37.
To calculate the depreciation tax shield for Manama Co., we need to determine the annual depreciation expense and multiply it by the marginal tax rate.
The new product line is expected to increase annual sales by $342,000 and expenses by $236,000. However, for the purpose of calculating the depreciation tax shield, we only need to focus on the depreciation expense.
The project requires an investment in fixed assets amounting to $24,612, which will be depreciated using the straight-line method over a 4-year period until reaching a zero book value.
To calculate the annual depreciation expense, we divide the initial investment in fixed assets by the useful life:
Annual Depreciation Expense = Initial Investment in Fixed Assets / Useful Life
In this case, the annual depreciation expense is:
Annual Depreciation Expense = $24,612 / 4 = $6,153
Now, we can calculate the depreciation tax shield by multiplying the annual depreciation expense by the marginal tax rate:
Depreciation Tax Shield = Annual Depreciation Expense * Marginal Tax Rate
Depreciation Tax Shield = $6,153 * 0.29 = $1,783.37
This represents the tax savings that the company will receive each year due to the depreciation deduction, helping to reduce its taxable income and overall tax liability.
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how could you use linkedin to help find a business partner?
LinkedIn is an excellent way to find a business partner. LinkedIn is a social networking platform that offers numerous networking and business opportunities.
To locate a business partner, the following are some suggestions on how to use LinkedIn
Create a LinkedIn account: A LinkedIn account is required for those who want to join the LinkedIn network. The first step in locating a business partner is to create a LinkedIn account. It is critical to complete your profile and upload a professional photograph.Create a list of potential business partners: Create a list of individuals or companies with whom you would like to partner. These are individuals or organizations that may share your vision, values, or passion. You may look for individuals who work in the same or a related industry as you.Reach out to potential business partners: Once you have established a list of potential business partners, you can reach out to them using LinkedIn. You can use LinkedIn's search feature to locate the people you want to contact. You may introduce yourself, express your interest in partnering with them, and request a meeting with them.
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How does the management by exception concept relate to
budgeting?
Write text no image
Budgeting and the idea of management by exception are closely intertwined. A management strategy known as "management by exception" focuses on recognising and resolving substantial deviations or variations from intended or anticipated results.
Instead of focusing on routine or anticipated tasks, it entails directing managerial attention and resources largely towards areas where major deviations occur.
Contrarily, budgeting is the act of organising, establishing objectives, and assigning resources for a predetermined time period, usually on an 31952035. Organisations use budgets as financial roadmaps to track performance, manage costs, and make wise decisions.
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An asset has an average return of 10,76 percent and a standard deviation of 20.74 percent What range of return should you expect to see with a 95 percent probability? Multiple Choice -20.35% 10 4197 -9.98 3150 -3072 5224 510 7200
With a 95 percent probability, we can expect the asset to return anywhere between -28.90% and 50.42%.
Based on the given information, we can use the concept of confidence intervals to determine the range of return that we can expect to see with a 95 percent probability. Assuming that the returns are normally distributed, we can use the formula:
[average return - (z-score x standard deviation / square root of sample size), average return + (z-score x standard deviation / square root of sample size)]
Where the z-score for a 95% confidence level is 1.96. Plugging in the values, we get:
[10.76 - (1.96 x 20.74 / sqrt(1)), 10.76 + (1.96 x 20.74 / sqrt(1))]
Simplifying the expression, we get:
[ -28.90, 50.42]
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Today, the ethnic landscape in the Malaysia is changing in
part due to __________.
A. growing economic opportunities outside of the Malaysia
B. immigration quotas
C. growing family size
D. higher b
Today, the ethnic landscape in Malaysia is changing in part due to A. "growing economic opportunities outside of Malaysia".
How is the ethnic landscape changing in Malaysia?The ethnic landscape in Malaysia is changing due to growing economic opportunities outside of the country, as Malaysians explore job prospects and business opportunities abroad, leading to a more diverse demographic within Malaysia.
Globalization and advancements in transportation and communication have made it easier for people to seek economic opportunities in other countries. Many Malaysians, regardless of their ethnic background, are exploring job prospects and business opportunities abroad.
This phenomenon has contributed to the changing ethnic landscape in Malaysia as individuals and families move to other countries in pursuit of better economic prospects.
The migration of Malaysians to countries with stronger economies and higher living standards can lead to a decrease in the population of certain ethnic groups within Malaysia. As people from different ethnic backgrounds relocate, the demographics within Malaysia change, resulting in a more diverse ethnic landscape.
It's important to note that other factors, such as immigration quotas and growing family sizes, may also play a role in shaping the ethnic landscape, but the growing economic opportunities outside of Malaysia have a significant impact on the changing demographics.
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Under variable costing: a. net operating income will tend to move up and down in response to changes in levels of production b. inventory costs will be lower than under absorption costing c. net operating income will tend to vary inversely with production changes d. net operating income will always be higher than under absorption costing
Under variable costing, option a is correct: net operating income will tend to move up and down in response to changes in levels of production. Option a is the correct answer.
Variable costing is a method where only variable manufacturing costs are included in the product cost. Fixed manufacturing costs are treated as period expenses and are not allocated to the product. As a result, net operating income is directly influenced by the level of production. When production increases, more units incur variable costs, leading to higher net operating income. Conversely, when production decreases, variable costs decrease, resulting in lower net operating income. This characteristic of variable costing makes net operating income vary in proportion to changes in production levels.
Option a is the correct answer.
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from combining the 7 facts what opportunities and threats can
you identify( Apple Co)?
Case study chapter 3 A. from combining the 7 facts what opportunities and threats can you identify Apple Co)? 1. 2015 Tax increases 2. High demand of iPhone 13 3. Price pressure from Samsung over key
Some of the opportunities and threats that Apple Co. can be identified to have include:
Expanding into new markets - Opportunities Developing new products and services - Opportunities Increased competition - Threats Changing consumer preferences - Threats What are some opportunities and threats to Apple ?Apple could expand into new markets, such as India and China, where there is a large and growing population of potential customers. Apple could continue to develop new products and services, such as the Apple Watch and AirPods, to meet the needs of its customers.
Apple faces increased competition from other companies, such as Samsung and G-o-ogle, in the smartphone and tablet markets. Consumer preferences are constantly changing, and Apple needs to be able to adapt its products and services to meet those changes.
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Qantas have expanded domestic market (Domestic expansion). Explain how and why this happened, how they dealt with covid, how this strategy helped them through the pandemic and try using relevant leadership theories.
Qantas has recently expanded its domestic market to enhance its operational efficiency and remain competitive in the market. They have used several strategies to deal with Covid-19 and stay afloat during the pandemic.
Strategies to deal with Covid-19Some of these strategies include the following:
Business diversification: Qantas has focused on diversifying its business operations by reducing its dependence on the aviation sector. They have launched several non-aviation business ventures such as insurance, health care, and financial services to boost their revenue streams.
Cost-cutting measures: The airline has implemented several cost-cutting measures to reduce expenses and remain profitable. Some of these measures include job cuts, pay freezes, and reduced staff salaries.
Domestic expansion: Qantas has focused on expanding its domestic market to offset the decline in international travel. The airline has launched new routes and increased flight frequencies to meet the growing demand for domestic travel.
Leadership theory: Transformational leadership theory is an ideal theory to apply to Qantas. This theory emphasizes the importance of vision in leadership driving organizational change and success. Qantas leadership team was able to navigate the company through the pandemic by adapting to change and innovating new strategies to stay ahead of competitors.
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a) Export Policy Resolution 1970 b) MRTP c) O IRDA d) O Company Act Question 17:- .committee proposed licensing system as part of Industrial policy in 1969-70.
MRTP committee proposed licensing system as part of Industrial policy in 1969-70. Thus the correct option is B.
A proposal for the MRTP Act (Monopolies and Restrictive Trade Practises) was made in 1969–1970 as a component of the Industrial Policy. The Act sought to control monopolistic and constrictive business practices in India and foster free and open competition.
The idea of licensing and regulation over the concentration of economic power in particular industries was developed. At that time, the MRTP Act had a big influence on India's industrial strategies.
Therefore, option B is appropriate.
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Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: Standard Standard Cost Standard Cost ($) Inputs Quantity per Unit (S) Direct materials 7.1 pounds 5 per pound 35.50 Direct labour 0.8 hours 17 per hour 13.60 Variable overheads 0.8 hours 7 per hour 5.60 The company reported the following in 2022 May: 4 700 units Original budgeted output Actual output 4 500 units Actual direct labour hours 3 610 hours Actual cost of direct labour Purchases of raw materials $65 341 36 500 pounds $186 150 Actual price paid for raw materials Raw materials used 34 150 pounds Actual variable overhead cost $24 909 Variable overhead is applied on the basis of direct labour hours. A. Compute the following: i. Direct materials quantity variance Direct materials price variance ii. iii. Direct materials total variance iv. Direct labour efficiency variance Direct labour rate variance vi. Direct labour total variance vii. Variable overhead efficiency variance viii. Variable overhead rate variance State TWO (2) benefits of standard costing. What are TWO (2) limitations of standard costing? B. C. (2 marks) (3 marks) (1 mark) (2 marks) (3 marks) (1 mark) (2 marks) (2 marks) (2 marks) (2 marks) (Total 20 marks)
Direct materials quantity variance The direct materials quantity variance can be calculated using the following formula: Direct Materials Quantity Variance = (Actual Quantity of Direct Materials Used – Standard Quantity of Direct Materials Allowed) × Standard Price per Unit= (34,150 – (4,500 × 7.1)) × $5= -$5,425 (Favorable).
(ii) Direct materials price variance The direct materials price variance can be calculated using the following formula: Direct Materials Price Variance = (Actual Price per Unit – Standard Price per Unit) × Actual Quantity of Direct Materials Used= ($36,500 ÷ 34,150 – $5) × 34,150= $0.50 × 34,150= $17,075 (Unfavorable)
(iii) Direct materials total variance The direct materials total variance is the algebraic sum of the direct materials price variance and the direct materials quantity variance. Direct Materials Total Variance = Direct Materials Price Variance + Direct Materials Quantity Variance= $17,075 (U) + $5,425 (F)= $11,650 (Unfavorable)
(iv) Direct labor efficiency variance The direct labor efficiency variance can be calculated using the following formula: Direct Labor Efficiency Variance = (Actual Hours Worked – Standard Hours Allowed) × Standard Rate per Hour= (3,610 – (4,500 × 0.8)) × $17= -$10,580 (Favorable).
(v) Direct labor rate variance The direct labor rate variance can be calculated using the following formula: Direct Labor Rate Variance = (Actual Rate per Hour – Standard Rate per Hour) × Actual Hours Worked= ($65,341 ÷ 3,610 – $17) × 3,610= $1.20 × 3,610= $4,332 (Favorable).
(vi) Direct labor total variance The direct labor total variance is the algebraic sum of the direct labor rate variance and the direct labor efficiency variance. Direct Labor Total Variance = Direct Labor Rate Variance + Direct Labor Efficiency Variance= $4,332 (F) + $10,580 (F)= $14,912 (Favorable)
(vii) Variable overhead efficiency variance The variable overhead efficiency variance can be calculated using the following formula: Variable Overhead Efficiency Variance = (Actual Hours Worked – Standard Hours Allowed) × Standard Variable Overhead Rate per Hour= (3,610 – (4,500 × 0.8)) × $7= -$4,060 (Favorable)Therefore, the variable overhead efficiency variance is $4,060 favorable.
(viii) Variable overhead rate variance The variable overhead rate variance can be calculated using the following formula: Variable Overhead Rate Variance = (Actual Variable Overhead Rate per Hour – Standard Variable Overhead Rate per Hour) × Actual Hours Worked= ($24,909 ÷ 3,610 – $7) × 3,610= $1.30 × 3,610= $4,693 (Unfavorable)
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Compute the interest accrued on each of the following notes receivable held by Kirkland, Inc., on December 31: (Round to the nearest dollar.) Date of Principal Interest Rate Maker Note Term November 21 Baker December 13 Charlie December 19 Abel 12% 120 days 90 days 60 days $42,000 32,000 9% 25,000 6% Abel 2$ Baker 2$ Charlie $
The interest accrued on each note receivable is approximately:
Note 1 (Baker): $1,390
Note 2 (Charlie): $703
Note 3 (Abel): $246
To calculate the interest accrued on each note receivable, we'll use the formula:
Interest Accrued = Principal x Interest Rate x Time
Note 1: Baker
Principal: $42,000
Interest Rate: 12%
Note Term: 120 days
Interest Accrued = $42,000 x 12% x (120/365)
Interest Accrued ≈ $1,390 (rounded to the nearest dollar)
Note 2: Charlie
Principal: $32,000
Interest Rate: 9%
Note Term: 90 days
Interest Accrued = $32,000 x 9% x (90/365)
Interest Accrued ≈ $703 (rounded to the nearest dollar)
Note 3: Abel
Principal: $25,000
Interest Rate: 6%
Note Term: 60 days
Interest Accrued = $25,000 x 6% x (60/365)
Interest Accrued ≈ $246 (rounded to the nearest dollar)
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If the original output level was $10,000 billion and the change in output was an increase of $500 billion, the new output would be a. $10,000 billion b. $10,500 billion c. $9,500 billion d. $5,500 billion
The new output would be option (b) $10,500 billion.
To calculate the new output level, we add the change in output to the original output level:
New Output = Original Output + Change in Output
New Output = $10,000 billion + $500 billion
New Output = $10,500 billion
Therefore, the new output would be $10,500 billion.
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Compared to secondary research, primary research:
A. uses data already published.
B. takes less time.
C. costs less.
D. is more specific to the researcher’s needs.
Compared to secondary research, primary research is more specific to the researcher’s needs. Thus, option (d) is correct.
Secondary Research:
Involves compiling information from available sources.Others have previously gathered and studied data.less suited to the needs of the researcher.costs less and takes less time.results in less definitively.Primary research produces definitive results but requires more time and money. The results of secondary research, on the other hand, are less conclusive because the material has already been gathered and examined by others, but it is quicker and less expensive.
Therefore, option (d) is correct.
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