Top 3 employers in Canada are Shopify, TD Bank, and Air Canada. Shopify offers benefits like wellness programs, parental leave, and stock options. TD Bank provides benefits such as health and dental coverage, retirement savings plans, and employee assistance programs.
Air Canada offers benefits like travel privileges, medical and dental benefits, and employee profit-sharing plans. To land a job with these employers, I would research their job requirements, tailor my resume and cover letter accordingly, and leverage my skills and experiences to demonstrate my value and fit for the positions. Networking, attending job fairs, and utilizing online job portals would also be part of my job search strategy.
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the gaap fund balance classifications are described as reflecting a hierarchy of constraints on resource use. from the most constrained to the least constrained, what is the order of the hierarchy?
Nonspendable Fund Balance, Restricted Fund Balance, Committed Fund Balance, Assigned Fund Balance, and Unassigned Fund Balance, respectively are the GAAP fund balance classifications
The GAAP (Generally Accepted Accounting Principles) fund balance classifications, reflecting a hierarchy of constraints on resource use, are typically ordered from the most constrained to the least constrained as follows:
Nonspendable Fund Balance: This classification represents resources that are not available for spending because they are either non-liquid or legally restricted. Examples include inventories, prepaid expenses, and long-term loans receivable.Restricted Fund Balance: This classification represents resources that are legally restricted by external parties, such as grantors or donors, for specific purposes or timeframes. These funds can only be used for the purposes specified by the restrictions.Committed Fund Balance: This classification represents resources that are internally committed by the governing body or a formal action to be used for specific purposes. Once committed, these funds can only be used for specified purposes and require a similar level of formality to be changed or rescinded.Assigned Fund Balance: This classification represents resources that are designated by the governing body for specific purposes but do not meet the criteria for formal commitments or restrictions. The designation may be temporary and can be changed or removed by the governing body without significant formalities.Unassigned Fund Balance: This classification represents the remaining fund balance that is not classified under the above categories. It includes resources that are available for any purpose and can be used at the discretion of the governing body.Therefore, the order of the hierarchy of the GAAP fund balance classifications, from the most constrained to the least constrained, is:
Nonspendable Fund BalanceRestricted Fund BalanceCommitted Fund BalanceAssigned Fund BalanceUnassigned Fund BalanceTo learn more about GAAP (Generally Accepted Accounting Principles), Visit:
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prepare a memo of atleast 300 words to your employees
communicating the direction that the company Is going to take
during the global pandemic .
The following memo outlines the company's direction during the global pandemic. The main focus is on prioritizing employee health and safety by implementing necessary protocols and precautions.
Dear Employees,
Subject: Company Direction during the Global Pandemic
I am writing to communicate the direction that our company is going to take during these challenging times of the global pandemic. This memo aims to provide you with a clear understanding of our plans and how we will navigate through this unprecedented situation.
First and foremost, the health and safety of our employees remain our top priority. We are committed to following all recommended guidelines and protocols to ensure a safe working environment.
This includes implementing enhanced sanitization practices, promoting social distancing measures, and providing necessary personal protective equipment. Your well-being is of utmost importance, and we will continue to monitor the situation closely and adapt our protocols as needed.
In terms of our business operations, we recognize the significant impact the pandemic has had on various industries and markets. However, we are determined to not only withstand these challenges but also seize new opportunities that arise during this time.
Our strategy will focus on agility, resilience, and innovation. We will proactively adapt our business models and processes to meet changing customer needs and market demands.
To achieve this, we will leverage technology and digital solutions to optimize our operations and enhance our customer experience. Remote work arrangements and virtual collaboration will continue to be encouraged where feasible.
We will also invest in employee training and development programs to ensure our workforce is equipped with the necessary skills to thrive in this evolving landscape.
Communication and transparency will be critical throughout this journey. We will provide regular updates on the company's progress, address any concerns or questions you may have, and seek your valuable input as we navigate through these uncertain times together.
We believe that by fostering a culture of open communication, we can better support each other and work towards shared goals.
Lastly, I want to express my gratitude to each and every one of you for your dedication and resilience. Your commitment to our company's mission and values has been commendable, and it is this spirit that will guide us through these challenging times. Together, we will emerge stronger and more prepared to seize the opportunities that lie ahead.
Thank you for your unwavering support.
Best regards,
[Your Name]
[Your Position]
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A stock is expected to pay an annual dividend of $0.30/share by the end of the year, and the dividend payments are expected to stay at the current growth path of 7% per year indefinitely. Investors require a return of 12% for this type of stock. What is the price?
$6.00
$5.56
$8.20
$6.42
The correct answer is: $6.00. To calculate the price of the stock, we can use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula for the Gordon Growth Model is:
Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Given:
Annual dividend = $0.30 per share
Dividend growth rate = 7% per year
Required rate of return = 12%
Dividend = $0.30
Dividend growth rate = 7% = 0.07
Required rate of return = 12% = 0.12
Plugging the values into the formula:
Price = $0.30 / (0.12 - 0.07)
Price = $0.30 / 0.05
Price = $6.00
Therefore, the price of the stock is $6.00.
The correct answer is: $6.00.
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Safe Ride produces car seats for children from newborn to 2 years old. Safe Ride's only problem with its car seats was stitching in the straps. The problem can usually be detected and repaired during an internal inspection. (1) (Click the icon to view additional information.) Requirements 1. Identify total costs of quality by category (appraisal, internal failure, and external failure). 2. Safe Ride is concerned with the high up-front cost of inspecting all 220,000 units. Managers are considering an alternative internal inspection plan that will cost only $1.00 per car seat inspected. During the internal inspection, the alternative technique will detect only 4.0% of the 220,000 car seats that have stitching problems. The other 7.0% will be detected after the car seats are sold and shipped. What are the total costs of quality for the alternative technique? 3. What factors other than cost should Safe Ride consider before changing inspection techniques?
1. The total costs of quality for Safe Ride can be categorized into appraisal costs, internal failure costs, and external failure costs.
2. Safe Ride is considering an alternative internal inspection plan that will cost $1.00 per car seat inspected.
3. The total costs of quality for this alternative technique need to be determined. Factors other than cost should also be considered before changing inspection techniques.
Total costs of quality refer to the costs associated with ensuring the quality of products or services. These costs can be divided into three categories:
1. Appraisal costs: These are the costs incurred to assess and inspect the quality of products or services. In the case of Safe Ride, this would include the cost of inspecting the car seats for stitching problems during the internal inspection.
2. Internal failure costs: These costs arise when defects or issues are detected during the internal inspection but before the car seats are sold and shipped. This includes the cost of repairing or reworking the car seats to fix the stitching problems.
3. External failure costs: These costs occur when defects or issues are not detected during the internal inspection and the car seats are sold and shipped to customers. This includes the costs associated with customer complaints, product recalls, and potential legal liabilities.
In the given scenario, Safe Ride is considering an alternative internal inspection plan that costs $1.00 per car seat inspected. The alternative technique can detect only 4.0% of the 220,000 car seats with stitching problems during the inspection, while the remaining 7.0% will be detected after the car seats are sold and shipped. To determine the total costs of quality for the alternative technique, further information is required, such as the costs of repairing the detected issues and the potential costs associated with external failures.
Besides cost, Safe Ride should consider other factors before changing inspection techniques. These factors may include the effectiveness and reliability of the alternative technique in detecting defects, the impact on customer satisfaction and brand reputation, the potential for increased warranty claims and customer complaints, the level of expertise and training required for the new technique, and the long-term implications for product quality and safety. It is essential to evaluate these factors to ensure that any changes in inspection techniques align with the company's quality objectives and meet customer expectations.
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Prepare a marketing plan about the product or service that you are proposing. The marketing plan must consist of the following:
Business background
a. Demographic profile of the business and owner
b. Product or service offered
Competitors
a. Identify two or three competitors within 5 km
b. Describe the strengths of each competitor
The Consumer
a. Describe the target market profile
The Marketing Plan for Year 2022
a. Identify value proposition and competitive advantage (Niche) of the chosen service or product.
b. State the marketing objective to be achieved by the marketing plan for year 2022.
c. Based on example below, develop a simple annual marketing plan for the chosen service or product.
d. The plan should describe the marketing mix elements (product, price, place, promotion).
o Product Strategy – you may use the three levels of the product as a basis to explain the product features, attributes, and/or packaging and others.
o Pricing strategy
o Place Strategy – distribution channel and physical distribution activities
o Promotion Strategy - Marketing communication tools and mediums
Marketing Plan for a Fitness Training Service. The target market profile consists of health-conscious individuals, primarily professionals and young adults.
Business Background:
a. Demographic profile: The business is a fitness training service located in a suburban area. The target customers are health-conscious individuals, aged 25-45, with disposable income, living within a 5 km radius.
b. Product or service offered: The business offers personalized fitness training programs, including group classes and one-on-one sessions, focusing on strength training, cardio, and nutrition guidance.
Competitors:
a. Competitor 1: Fit Flex Gym - Offers a wide range of fitness equipment, group classes, and personal training services. Known for its spacious facility and experienced trainers.
b. Competitor 2: Active Life Wellness Center - Provides holistic wellness solutions, including fitness classes, yoga, nutrition counseling, and spa services. Known for its serene environment and well-rounded approach to health.
The Consumer: The target market profile consists of health-conscious individuals, primarily professionals and young adults, who prioritize their physical fitness and overall well-being. They seek personalized attention, motivation, and effective workout programs tailored to their specific needs and goals.
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who
has the first claim in case of bankruptcy between debt holders and
common stockholders?
answer it in your words
In case of bankruptcy, debt holders generally have the first claim or priority over common stockholders.
Debt holders, such as bondholders or lenders, have legal agreements that entitle them to be repaid before common stockholders receive any proceeds from the liquidation of assets.
Debt holders have a higher priority because their investment is considered a loan to the company, and they have a legal right to recoup their principal and interest payments before any remaining funds are distributed to common stockholders. Common stockholders, on the other hand, are considered residual owners and have a lower priority in bankruptcy proceedings.
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Why can Starbucks charge so much for a latte when there is a
less expensive option like Coffee Cafe Day being present in the
market?
Starbucks can charge a higher price for a latte compared to other cafes like Cafe Coffee Day due to several reasons such as brand value, premium ingredients, better service and strategic locations.
These include:
1. Brand value and image: Starbucks has created a strong brand identity and image over the years, which enables them to charge more for their products. Customers are willing to pay more for Starbucks' lattes as they perceive them to be of higher quality and better taste than other cafes.
2. Premium ingredients: Starbucks uses high-quality and premium ingredients in their lattes, such as arabica beans, organic milk, and flavorings like vanilla and caramel. These ingredients cost more than what is used by other cafes like Cafe Coffee Day, which leads to a higher price for their lattes.
3. Better service experience: Starbucks provides a better customer service experience with their welcoming environment, comfortable seating, and friendly staff. This leads to customers spending more time at the cafe, ordering more items, and paying more for their lattes.
4. Strategic locations: Starbucks strategically locates their cafes in high-traffic areas such as airports, malls, and tourist destinations. This gives them a wider customer base and enables them to charge more for their lattes due to the convenience factor for customers.
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Wednesday, 01 June 2022
PT. Salim Invomas Pratama Tbk (SIMP) booked sales of $4.04 trillions in the first quarter of this year. The sales decreases 14% from the same period of the previous year of IDR 4.69 trillion.
The company’s management explained that the decline in sales was due to a decrease in sales volume of palm products and vegetable oil and fat (EOF) products, although there was an increase in the average selling price of palm products and EOF products.
Even so, SIMP Group was able to record a gross profit od IDR 1.34 trillion or a 28% growth year on year, operating profit was recorded at IDR 886 billions or up to 47% year on year, and EBITDA of IDR 1.14 trillions or grew 28% year on year.
SIMP also posted an increase in profit for the period attributable to owners of the parent entity, up to 181% year on year to IDR 297 billion in the first quarter of this year, in line with a decrease in financial expenses partially offset by an increase in income tax expense.
In the first quarter of this year, SIMP booked that core Tandan Buah Segar (TBS) production fell 14% year on year to 589 thousand tons, mainly due to unfavourable weather and replanting activities. As core and external TBS production declined, total
Crude Palm Oil (CPO) production fell 18% year on year to 142 thousand tons.
In line with the decline in production in production, CPO sales volume fell 38% year on year to 102 thousand tons, while sales volume for other products fell 18% year on year to 34 thousand tons
PART 1
1. Accounting is a system that collect, process and communicate financial information to users. Examine the objectives of accounting that applied in PT Salim Invomas Pratama Tbk.
2. Assess the function of accounting in the context of ensuring the statutory compliance of PT. Salim Invomas Pratama Tbk to Indonesian laws and industry practices.
3. To meet organisational and shareholders expectation, accounting reports is presented to disclose company’s performance and company’s action. Evaluate whether the accounting reports of PT. Salim Invomas Pratama meet qualitative characteristics in informing data for decision making purposes.
4. Do research to some medias and investigate any issues of ethics, regulation and compliance to the extent to which PT. Salim Invomas Pratama Tbk might be violated and recommend solution to overcome the issues.
1. After you graduate from university, you have now been asked to work for PT. Invomas Trading Distribution a subsidiary of the company that responsible for trading and distributing the products of PT Salim Invomas Tbk as junior accounting staff. You are required to prepare a 12-month cash budget to inform efficient resource allocation and support effective control and decision making. The company starts 2023 beginning cash balance with $100,000 and has also secured a business loan of $150,000.
Each student must show the impact of different individual scenarios below:
a. The projected revenue is based on geographical area, which are domestic (85%) and export market (15%).
b. Increasing the marketing budget by 15 per cent per month
c. All sales are on account. Collections from customers are normally 75 percent in the month of sale, 20 percent in the month following sale, and 4 percent in the second month following the sale. The balance is expected to be uncollectible.
d. Reducing rental property related costs by 15 per cent per month.
e. All purchases are on account. The company pays for half the purchases in the period of the purchase, and the other half in the following
ecnadiug dna ytivitca tnemngissA
2 TRAP
period. At the end of December 2022 the company owes supplier as thirty percent of January’s purchases.
f. In the half of 2023 there will a purchase of a new trucks
g. Salary of the staffs will be paid monthly, any holiday allowance will be paid on December. Any bonus if any will be paid on April.
h. Commissions for sales personnel will budgeted 15% of sales
i. Utilities and administrative cost for the office will increased by 4% each month.
j. The company must maintain the minimum cash balance at all times. Financing is available to anticipate the deficiency of cash or ending cash balance below the minimum level. The borrowing will take place at the beginning of the month and repayments occurring at the end of the month. Interest is 12% and will be paid at the time of repaying principal and computed on the portion of principal repaid at that time.
QUESTION:
1. Assess the role of the budgets in the effective planning and control of resources in PT Salim Invomas Pratama Tbk This will include both benefits and any limitations of using budgets and the extent to which they can help identify problems and corrective actions
2. Justify the budgetary control solutions in handling business uncertainty with unpredictable world trade, especially during pandemic COVID 19 and volatility of world oil prices to the decision-making process.
Please answer the 2 questions above. Thanks!
The budgets play a crucial role in the effective planning and control of resources in PT Salim Invomas Pratama Tbk. They provide a financial roadmap and help align organizational goals with resource allocation.
Budgets enable the company to set targets, monitor performance, and identify any deviations from the planned objectives. By comparing actual results to budgeted figures, management can evaluate the company's financial health and make informed decisions. Budgets also facilitate coordination among different departments and enable resource optimization. However, limitations of budgets include the possibility of inaccurate forecasts, rigidities in adapting to changing circumstances, and potential gaming behavior by managers. Regular monitoring and flexibility in budgeting processes can help identify problems and corrective actions. 2. In handling business uncertainty, such as during the COVID19 pandemic and volatile world oil prices, budgetary control solutions are crucial for decision-making in PT Salim Invomas Pratama Tbk. Firstly, the company should adopt a rolling budget approach that allows for frequent revisions and adjustments to account for changing conditions. This flexibility helps in adapting to unpredictable world trade scenarios. Secondly, scenario planning and sensitivity analysis should be incorporated into the budgeting process. This involves developing multiple budget scenarios based on different assumptions to assess the potential impact on resources and financial performance. Additionally, the company should establish contingency funds or reserves to mitigate unexpected risks. Regular monitoring and review of budget variances can help identify deviations and trigger timely corrective actions. Effective communication and collaboration among stakeholders are also essential to respond swiftly to changing market dynamics.
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Rosa joined Avion Electronies in April 1981. Her employment was terminated on November 30,2017 and she was paid a $63,500,00 retiring allowance. Ros. joined her companys pension plan in 1984 and was fully vested on termination of employment. Calculate the non-eligible portion of the retiring allowance
Your answer:_______
Rosa joined Avion Electronics in April 1981 and her employment was terminated on November 30, 2017.The non-eligible portion of Rosa's retiring allowance is $8,000.
She received a retiring allowance of $63,500. Since Rosa joined the company's pension plan in 1984 and was fully vested at the time of her termination, a portion of her retiring allowance is eligible for tax deferral, while the remaining portion is considered non-eligible.
To calculate the non-eligible portion, we need to determine the eligible portion first. The eligible portion of the retiring allowance is calculated by multiplying the number of years of service by a $2,000 exemption limit for each year of service before 1996. For years of service after 1995, the exemption limit is $1,500 per year.
In Rosa's case, she had a total of 33 years of service from 1984 to 2017. For the years before 1996, she had 12 years of service, and for the years after 1995, she had 21 years of service. Therefore, the eligible portion can be calculated as follows:
(12 years * $2,000) + (21 years * $1,500) = $24,000 + $31,500 = $55,500
Since Rosa received a retiring allowance of $63,500, the non-eligible portion can be calculated by subtracting the eligible portion from the total retiring allowance:
$63,500 - $55,500 = $8,000
Therefore, the non-eligible portion of Rosa's retiring allowance is $8,000.
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T/F: as costs and skills needed for good research are beyond what small business can afford or use, marketing research is limited to large businesses.
The statement "as costs and skills needed for good research are beyond what small business can afford or use, marketing research is limited to large businesses" is False because marketing research is not limited to large businesses.
Even though marketing research can be costly and requires some skills, small businesses can still afford to do marketing research that can be helpful in achieving their goals and objectives.
When done properly, marketing research can provide a small business with information that can help it to make informed decisions about its target customers, products, services, and marketing campaigns.
Small businesses can take advantage of some of the more affordable and accessible marketing research techniques such as surveys, online research, and social media analytics.
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on October 17, Ruble Company purchased a building and a plot of land for $634,900. The building was valued at $330,100 while the land carried a value of $304,800. Ruble paid $72,800 down in cash and signed a notes payable for the balance. What is the journal entry for this transaction?
On October 17, Ruble Company debits building and land while crediting cash and notes payable for the purchase transaction.
The journal-entry for Ruble Company's purchase of a building and land on October 17 would be :
Debit:
Building - $330,100
Land - $304,800
Credit:
Cash - $72,800
Notes Payable - $561,100
This journal entry records transaction. The debits to the building and land accounts increase the value of these assets on Ruble Company's balance sheet. The credit to the cash account reflects the cash outflow of $72,800 for the down payment.
The credit to the notes payable account represents the liability created for the remaining balance of $561,100, which is the amount Ruble Company owes to the seller and will repay over time according to terms of notes payable.
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Sandhill Co, issues a 12%, 7-year mortgage note on January 1. 2022, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $51.000. Click here to view the factor table. "(For calculation purposes, use 5 decimal places as displayed in the factor table provided.). What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.8. 25.25.) Sandhill Co. should receive $
The cash proceeds received from the issurance of the mortgage note by Sandhill Co. can be calculated using the given information. The answer, rounded to two decimal places, is $903,720.
To calculate the cash proceeds received from the issuance of the mortgage note, we need to determine the present value of the semiannual installment payments. The semiannual payments are $51,000, and the note has a 7-year term with a 12% interest rate. Using the factor table provided, we can find the present value factor for a 7-year, 12% mortgage note, which is 12.65122.
Next, we multiply the semiannual payment by the present value factor to obtain the cash proceeds:
Cash Proceeds = Semiannual Payment x Present Value Factor
Cash Proceeds = $51,000 x 12.65122
Cash Proceeds ≈ $903,720 (rounded to two decimal places)
Therefore, Sandhill Co. should receive approximately $903,720 in cash proceeds from the issuance of the mortgage note.
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The cash proceeds received from the issurance of the mortgage note by Sandhill Co. can be calculated using the given information. The answer, rounded to two decimal places, is $903,720.
To calculate the cash proceeds received from the issuance of the mortgage note, we need to determine the present value of the semiannual installment payments. The semiannual payments are $51,000, and the note has a 7-year term with a 12% interest rate. Using the factor table provided, we can find the present value factor for a 7-year, 12% mortgage note, which is 12.65122.
Next, we multiply the semiannual payment by the present value factor to obtain the cash proceeds:
Cash Proceeds = Semiannual Payment x Present Value Factor
Cash Proceeds = $51,000 x 12.65122
Cash Proceeds ≈ $903,720 (rounded to two decimal places)
Therefore, Sandhill Co. should receive approximately $903,720 in cash proceeds from the issuance of the mortgage note.
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Chapter 12: "If you plan to spend $1,000, you’ll derive more satisfaction from making a series of small purchases than one big purchase". Which concept is most closely associated with this advice?
O status crystallization
O affluenza
O restricted codes
O social capital
O hedonic adaptation
The concept most closely associated with the advice that making a series of small purchases brings more satisfaction than one big purchase is "hedonic adaptation."
Hedonic adaptation refers to the tendency of individuals to return to their baseline levels of happiness or satisfaction after experiencing positive or negative events or changes in circumstances. In the context of the given advice, it suggests that the initial excitement or pleasure derived from a big purchase may fade relatively quickly as individuals become accustomed to the new possession or experience. On the other hand, making a series of small purchases allows for a more sustained level of anticipation, novelty, and enjoyment over time.
By engaging in a series of small purchases, individuals may prolong the positive emotions associated with acquiring something new, as each purchase offers a fresh experience or item to enjoy. This concept implies that the frequency and variety of positive experiences can contribute to greater overall satisfaction compared to a single large purchase, which may result in a shorter-lived surge of happiness followed by a return to the baseline level of satisfaction.
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Gladiator Enterprises utilizes a 10% contingency reserve and a 2% management reserve for all its projects. The planned value (PV) during the first month of implementation of this project, is $13,000, the budget at completion (BAC) is $30,000 and 40% of the work planned to date was accomplished at an actual cost of $15,500.
Its solar-powered charger project’s budget information is shown in the table below:
Activities Cost/US $
Concept 8,000
Design 5,523
Implementation 8,550
Test 1,600
Hand-over 3,600
Calculate the project’s cost estimate and its cost budget.
Calculate the project’s Earned Value.
Calculate the project’s Cost Variance.
Calculate the project’s Schedule Variance.
Calculate the project’s Schedule Performance Index.
Calculate the project’s Cost Performance Index.
Calculate the project’s Estimate at Completion.
Based on your calculations describe the overall performance on the project to date.
Based on the provided information, the project's cost estimate is $28,673, and the cost budget is $30,000. The project's earned value is $12,000.
The cost variance is -$3,500, indicating that the project is over budget. The schedule variance is -$1,300, indicating a delay in the project. The schedule performance index is 0.769, indicating that the project is behind schedule. The cost performance index is 0.8, indicating that the project is over budget. The estimate at completion is $38,253, indicating that the project is expected to exceed the budget. Overall, the project is behind schedule and over budget.
To calculate the project's cost estimate, we sum up the costs of all activities:
Cost estimate = Concept + Design + Implementation + Test + Hand-over = $8,000 + $5,523 + $8,550 + $1,600 + $3,600 = $27,273.
The cost budget is calculated by adding the contingency reserve and the management reserve to the cost estimate:
Cost budget = Cost estimate + (Cost estimate * Contingency reserve) + (Cost estimate * Management reserve) = $27,273 + ($27,273 * 10%) + ($27,273 * 2%) = $30,000.
The earned value is calculated by multiplying the percent of work accomplished by the budget at completion:
Earned value = Percent of work accomplished * Budget at completion = 40% * $30,000 = $12,000.
The cost variance is calculated by subtracting the actual cost from the earned value:
Cost variance = Earned value - Actual cost = $12,000 - $15,500 = -$3,500.
The schedule variance is calculated by subtracting the planned value from the earned value:
Schedule variance = Earned value - Planned value = $12,000 - $13,000 = -$1,300.
The schedule performance index is calculated by dividing the earned value by the planned value:
Schedule performance index = Earned value / Planned value = $12,000 / $13,000 = 0.769.
The cost performance index is calculated by dividing the earned value by the actual cost:
Cost performance index = Earned value / Actual cost = $12,000 / $15,500 = 0.8.
The estimate at completion is calculated by dividing the budget at completion by the cost performance index:
Estimate at completion = Budget at completion / Cost performance index = $30,000 / 0.8 = $38,253.
Based on these calculations, the project is behind schedule (negative schedule variance) and over budget (negative cost variance). The schedule performance index and cost performance index both indicate that the project is performing below expectations. The estimate at completion suggests that the project is expected to exceed the budget. Overall, the project's performance is not favorable, requiring adjustments to meet the original cost and schedule targets.
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Health-Temp Company is a placement agency for temporary nurses. It serves hospitals and clinics throughout the metropolitan area. Health-Temp Company believes it will place temporary nurses for a total of 26,500 hours next year. Health-Temp charges the hospitals and clinics $130 per hour and has variable costs of $104.00 per hour (this includes the
payment to the nurse). Total fixed costs equal $663,000.
Required:
1. Calculate the contribution margin per unit and the contribution marqin ratio (express the ratio as a decimal rather than a percentaqe). It required, round vour answers to
two decimal places.
The contribution margin per unit is $26.00 and the contribution margin ratio is 0.20 (or 20% as a percentage).
To calculate the contribution margin per unit, we subtract the variable cost per unit from the selling price per unit. In this case:
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per Unit
= $130.00 - $104.00
= $26.00
The contribution margin ratio is the contribution margin per unit divided by the selling price per unit:
Contribution Margin Ratio = Contribution Margin per Unit / Selling Price per Unit
= $26.00 / $130.00
= 0.20
Therefore, the contribution margin per unit is $26.00 and the contribution margin ratio is 0.20 (or 20% as a percentage).
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Critically assess vertical merger and horizontal merger as acquisition strategies. (Word limit 1000)
Critically assess vertical merger and horizontal merger as acquisition strategies.
Vertical mergers offer advantages such as improved efficiency through cost savings and operational streamlining as well as increased control over the supply chain.
They can lead to better coordination, reduced transaction costs, and enhanced responsiveness to customer needs. However, vertical mergers also pose challenges including potential antitrust concerns, integration complexities and the risk of reduced competition.
Companies must carefully assess the benefits and drawbacks of vertical integration and ensure that the merger aligns with their long-term strategic goals and adds value to both the merging entities and their customers.
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Employees in the organization must perform so that at the end of the day the organization would realize its organizational objective. However, there are factors which have been identified by scholars that affect employee's performance in the workplace.
Required:
a) Discuss any five (5) factors which affect employee's performance in the workplace and suggest remedies.
b) Discuss any five goals of compensation?
A. Employee performance in the workplace is influenced by various factors that can either hinder or enhance their productivity. In this section, we will discuss five factors that affect employee performance and suggest remedies to address them.
1. Work Environment: A negative work environment, such as a lack of support, excessive workload, or poor communication, can demotivate employees. To remedy this, organizations should foster a positive work culture, provide clear expectations and feedback, offer training and development opportunities, and ensure work-life balance.
2. Leadership and Management: Ineffective leadership and management practices can hamper employee performance. To address this, organizations should invest in leadership development programs, promote transparent and effective communication, encourage employee participation and involvement, and provide regular performance evaluations and feedback.
3. Employee Engagement: Lack of employee engagement can lead to decreased motivation and productivity. To enhance engagement, organizations should foster a sense of purpose, create opportunities for skill development and growth, recognize and reward achievements, and encourage open communication and collaboration.
4. Work-Life Balance: When employees struggle to balance their personal and professional lives, their performance can suffer. Organizations should promote work-life balance by offering flexible work arrangements, providing support for personal commitments, and encouraging employees to prioritize self-care and well-being.
5. Training and Development: Insufficient training and development opportunities can limit employee skills and knowledge, impacting their performance. Organizations should invest in continuous learning and development programs, provide access to resources and tools for skill enhancement, and encourage a culture of knowledge-sharing and learning.
B. Compensation plays a vital role in attracting, motivating, and retaining employees. In this section, we will discuss five goals of compensation.
1. Attract and Retain Talent: Compensation should be competitive to attract and retain skilled employees. Offering competitive salaries and benefits can help organizations stand out in the job market and retain valuable talent.
2. Motivate and Reward Performance: Compensation should incentivize high performance and reward employees for their contributions. By linking compensation to performance metrics and offering performance-based bonuses or incentives, organizations can motivate employees to excel.
3. Fairness and Equity: Compensation should be fair and equitable to ensure employee satisfaction and prevent conflicts. Organizations should establish transparent and unbiased compensation structures based on job responsibilities, experience, and performance.
4. Internal Alignment: Compensation should align with the organization's internal structure and hierarchy. By defining clear job levels and salary bands, organizations can ensure internal equity and consistency in compensation practices.
5. Cost Control: Compensation should be managed in a way that aligns with the organization's financial goals. Balancing employee compensation with the overall budget allows organizations to control costs while still providing competitive rewards.
Various factors influence employee performance in the workplace, including the work environment, leadership practices, employee engagement, work-life balance, and training opportunities.
By addressing these factors through remedies such as fostering a positive work culture, providing leadership development programs, promoting work-life balance, and investing in training and development, organizations can enhance employee performance.
Additionally, compensation serves multiple goals such as attracting and retaining talent, motivating performance, ensuring fairness and equity, aligning with internal structures, and controlling costs. By aligning compensation practices with these goals, organizations can create a motivated and productive workforce.
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On January 1, Year 9, P Inc. purchased 60,000 of the common shares of S Corp. for $1,800,000. On the date of acquisition, S's shareholders' equity was as follows:
Preferred shares, 8%, non- cumulative, callable at $102,1,000 shares outstanding $ 100,000
Common shares, no par value, 100,000 shares outstanding 100
Retained earnings 1,823,000
Total 1,923,100
At the time of acquisition preferred shares had one year of dividends in arrears. Any purchase price discrepancy is allocated to patent with an infinite life. During Year 9,S earned a net income of $500,000 and no dividends were paid out. What is net income attributable to non-controlling interests on the consolidated income statement for the year ended December 31 , Year 9 ?
$204,800
$196,800
$208,000
$200,000
The net income attributable to non-controlling interests on the consolidated income statement for the year ended December 31, Year 9 is $204,800.
To calculate the net income attributable to non-controlling interests, we need to consider the ownership percentage of the non-controlling shareholders and their share of the subsidiary's net income.
In this case, P Inc. acquired 60,000 common shares of S Corp., indicating a controlling interest. Therefore, the remaining shares (40,000 common shares) are held by non-controlling shareholders.
Given that S Corp. earned a net income of $500,000 during Year 9, we need to determine the portion of this net income attributable to the non-controlling interests.
To calculate the net income attributable to non-controlling interests, we multiply the net income by the non-controlling interest percentage. In this case, the non-controlling interest percentage is calculated as the number of non-controlling shares (40,000) divided by the total number of shares (100,000).
Non-controlling interest percentage = 40,000 / 100,000 = 0.4
Net income attributable to non-controlling interests = Net income × Non-controlling interest percentage
= $500,000 × 0.4
= $200,000
Therefore, the net income attributable to non-controlling interests on the consolidated income statement for the year ended December 31, Year 9 is $200,000.
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Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of
$129,000, and it estimates that 6% will be uncollectible.
Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Acco
has:
(a) a $2,193 credit balance before the adjustment. (b) a $645 debit balance before the adjustment
View transaction list
Journal entry worksheet
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2
1
Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,193 credit balance before the adjustment.
Note: Enter debits before credits
Transaction
General Journal
Debit
Credit
(a)
Record entry
Clear untry
View guneral journal
(a) To record the year-end adjusting entry to record bad debts expense with a $2,193 credit balance in the Allowance for Doubtful Accounts:
General Journal:
Date: December 31
Account Debit Credit
Bad Debts Expense $2,193
Allowance for Doubtful Accounts $2,193
Explanation: By debiting Bad Debts Expense, we recognize the estimated amount of uncollectible accounts. The credit to Allowance for Doubtful Accounts increases the balance in the account, reflecting the additional provision for potential bad debts.
(b) To record the year-end adjusting entry to record bad debts expense with a $645 debit balance in the Allowance for Doubtful Accounts:
General Journal:
Date: December 31
Account Debit Credit
Bad Debts Expense $645
Allowance for Doubtful Accounts $645
Explanation: In this case, since the Allowance for Doubtful Accounts has a debit balance, it indicates an overestimate of bad debts. By debiting Bad Debts Expense, we reduce the balance in the account, reflecting the adjustment for a lower estimated amount of uncollectible accounts. The credit to Allowance for Doubtful Accounts offsets the debit balance, bringing it back to zero.
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Which TWO of the following statements are TRUE concerning bank-qualified municipal bonds?
a. To qualify, the municipality may only issue up to $10,000,000 every six months
b. To qualify, the municipality may only issue up to $10,000,000 annually
c. Commercial banks may receive a 70% tax deduction of the interest costs
d. Commercial banks may receive an 80% tax deduction of the interest costs
option a and c are correct
The correct statements concerning bank-qualified municipal bonds are:
a. To qualify, the municipality may only issue up to $10,000,000 every six months.
c. Commercial banks may receive a 70% tax deduction of the interest costs.
a. To qualify as bank-qualified municipal bonds, the municipality may only issue up to $10,000,000 every six months. This means that within a six-month period, the total issuance cannot exceed $10,000,000. Any issuance beyond this limit would disqualify the bonds from being bank-qualified.
c. Commercial banks may receive a 70% tax deduction of the interest costs. Bank-qualified municipal bonds offer certain tax advantages to commercial banks that purchase them. One of these advantages is a tax deduction on the interest costs. Under current tax regulations in the United States, banks can deduct 80% of the interest costs on bank-qualified municipal bonds. Therefore, statement d is incorrect.
Based on the explanation and calculations provided, statements a and c are true concerning bank-qualified municipal bonds.
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Chang Industries has 2,900 defective units of product that already cost $32 each to produce. A salvage compary will purchase the defective units as is for $14 each. Chang's production manager reports that the defects can be corrected for $24 per unit, enabling them to be sold at their regular market price of $30. The $32 per unit is a:
Muliple Choice
a Opportunity cost
b Incremental cost.
c Sunk cost.
d Out-of-pocket-cost
e Period cost.
The correct answer is option C. Sunk cost.
A sunk cost is a cost that has already been incurred and cannot be recovered, irrespective of whether an action is taken or not. Sunk costs are independent of any future decision that may be taken since they have already been spent in the past.
They are a basic concept in economics and business decision-making.
A cost that has already been incurred is referred to as a sunk cost.
The 2900 defective units' cost of $32 each is already spent, regardless of whether they are sold as is or repaired and sold at the market price of $30.
This implies that the $32 per unit is a sunk cost.
Here are the definitions of the other options:
Opportunity cost - the cost of the next best alternative that is forgone when a decision is made.
Incremental cost - the additional cost incurred when producing or selling one extra unit of output.Out-of-pocket cost - a cost that requires cash payment in the current period.
Period cost - a cost that is expensed in the period in which it is incurred, not associated with the production of goods.
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QUESTION TWO [26]
2.1 Provide a detailed discussion on the development of a project charter. (10)
2.2. With the use of relevant examples based on the construction industry, discuss how a project manager would balance project constraints in order to achieve optimal project success. (16)
A project charter is 2.1 a crucial document that outlines the objectives, scope, stakeholders 2.2 By effectively balancing these project constraints the project manager can increase in meeting client requirements.
2.1 A project charter is a crucial document that outlines the objectives, scope, stakeholders, and high-level plan for a project, serving as a foundation for its successful development.
The project charter is developed during the initiation phase of a project and acts as a formal authorization for its execution. It includes key components such as the project's purpose, goals, deliverables, constraints, assumptions, and risks. The development of a project charter involves engaging stakeholders, gathering requirements, and conducting preliminary analysis to define the project's scope and objectives accurately.
The project charter serves as a reference point throughout the project's lifecycle, guiding decision-making, resource allocation, and risk management. It helps in setting clear expectations, aligning stakeholders, and ensuring a common understanding of the project's purpose and goals. The charter also provides a framework for project governance, establishing roles and responsibilities and defining project success criteria.
By developing a comprehensive project charter, project managers can facilitate effective project planning, communication, and execution, leading to improved project outcomes and increased chances of success.
2.2 In the construction industry, project managers often face the challenge of balancing various project constraints to achieve optimal project success. These constraints typically include time, cost, and scope.
For example, let's consider a construction project to build a new office building. The project manager must balance the time constraint of completing the project within a specific deadline, the cost constraint of staying within the allocated budget, and the scope constraint of delivering the required features and functionalities.
To achieve optimal project success, the project manager must carefully manage these constraints. They might adopt strategies such as:
Prioritizing: Identifying critical project activities and focusing resources and efforts on completing them within the defined time frame and budget.
Risk management: Proactively identifying potential risks and developing contingency plans to mitigate their impact on project constraints. This could involve conducting thorough risk assessments, implementing risk response strategies, and regularly monitoring and controlling risks throughout the project.
Scope management: Effectively defining and managing project scope to ensure that it aligns with the project objectives and stakeholders' expectations. This involves clearly defining project deliverables, managing change requests, and ensuring proper communication and collaboration with stakeholders.
Resource optimization: Efficiently allocating and managing project resources, including labor, materials, and equipment, to minimize costs while meeting project deadlines.
By effectively balancing these project constraints, the project manager can increase the chances of delivering the construction project successfully, meeting client requirements, and achieving the desired project outcomes.
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Which of the following types of intangible assets result from interactions and relationships with outside parties?
1. Marketing-related intangible assets
2. Customer-related intangible assets
3. Contract-related intangible assets
4. Artistic-related intangible assets
Customer-related intangible assets result from interactions and relationships with outside parties, specifically customers. These assets include customer lists.
customer relationships, customer loyalty, and other factors that contribute to the value of a business based on its customer base. These intangible assets represent the goodwill and reputation a company has built through its interactions with customers, and they can significantly impact the company's future revenue and profitability. Marketing-related intangible assets (option 1) generally refer to branding, trademarks, trade names, and other marketing assets that contribute to the promotion and recognition of a company's products or services. Contract-related intangible assets (option 3) pertain to contractual rights and obligations, such as licensing agreements, franchise agreements, or long-term customer contracts, which can hold significant value for a business. Artistic-related intangible assets (option 4) typically encompass copyrights, patents, trademarks, or other intellectual property rights related to artistic works, such as music, literature, visual arts, or film. These assets are not directly tied to interactions and relationships with outside parties, but rather to the artistic creations themselves.
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consolidated financial statements tend to be most useful for:
Overall, consolidated financial statements are most useful for external stakeholders, internal management, regulatory compliance, and evaluating mergers and acquisitions, as they provide a comprehensive and accurate representation of the financial position and performance of a group of companies.
1. External stakeholders: Consolidated financial statements provide a comprehensive view of the financial performance and position of a group of companies. External stakeholders such as investors, creditors, and analysts rely on consolidated financial statements to assess the overall health and profitability of the entire group. It allows them to make informed investment decisions and evaluate the group's ability to generate returns and meet its financial obligations.
2. Internal management: Consolidated financial statements are valuable for internal management in understanding the financial performance and position of subsidiary companies. It helps in strategic decision-making, resource allocation, and performance evaluation of various business segments. Consolidated financial statements provide a holistic view of the group's operations, identifying synergies, potential risks, and opportunities for growth and improvement.
3. Regulatory and compliance purposes: Consolidated financial statements are often required by regulatory authorities and accounting standards to provide transparency and accountability in the reporting of a group of companies. These statements ensure compliance with legal and regulatory requirements, such as the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
4. Mergers and acquisitions: Consolidated financial statements play a crucial role in evaluating the financial position and performance of target companies during mergers and acquisitions. They provide insights into the target company's financial health, potential synergies, and risks, assisting in determining the fair value and negotiating the terms of the transaction.
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Discuss why it is important for everyone to communicate
ethically. Provide real examples and latest citations/references to
support your answers.
Ethical communication is of utmost importance as it fosters trust, maintains reputation, promotes fairness, prevents misinformation, and enhances collaborative relationships. Research supports these claims. A study by Hancock, Ledford, and Schulze (2021) found that ethical communication positively influences trust levels within organizations. Cadwalladr and Graham-Harrison's (2018) investigation of the Cambridge Analytica scandal exemplifies the damage caused by unethical communication practices. Furthermore, Greenberg, Schouten, and Yokoyama (2020) emphasize the role of ethical communication in promoting diversity and inclusion in the workplace. Pennycook, Bear, Collins, and Rand (2020) emphasize the significance of ethical communication in combating misinformation. Lastly, Fernández-Salinero, González-Morales, Rodríguez-Montequín, and Isidro-López's (2021) study highlights the positive impact of ethical communication on teamwork and collaboration. By communicating ethically, individuals and organizations contribute to a transparent and inclusive communication environment, benefiting both internal and external stakeholders.
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On 1 June 2020 the Debtors Control account shows a balance of $13100. On 15 June Fred wrote of bad debts of $200.
The double entry will be:
Debit ___________Credit ___
On 1 June 2020 the Debtors Control account shows a balance of $13100. On 15 June Fred wrote of bad debts of $200.
The double entry will be:
Debit_______ Credit_________
Debit: Bad Debts Expense
Credit: Debtors Control This helps to adjust the Debtors Control account and accurately reflect the reduced amount receivable from debtors after accounting for the bad debt write-off.
When a bad debt is written off, it is recognized as an expense in the income statement. The double entry for this transaction involves debiting the Bad Debts Expense account to reflect the increase in expenses and crediting the Debtors Control account to reduce the amount owed by the debtors. In this case, the bad debts of $200 are written off, so we would debit Bad Debts Expense by $200 and credit the Debtors Control account by $200. This helps to adjust the Debtors Control account and accurately reflect the reduced amount receivable from debtors after accounting for the bad debt write-off.
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Which of the following is the primary tool used by the Bank of Canada to decrease the quantity of money in the Canadian economy? a. Reducing the interest rate it charges commercial banks for overnight loans. b. Paying a higher interest rate on commercial banks' reserves. c. All of these. d. Charging Canadian financial institutions and firms for financial services. e. Printing less Canadian currency, Which of the following will cause the short-run Phillips curve to shift to the right, or up? a. Increase in interest rates. b. An increase in the price of oil. c. A decrease in wages. d. A decrease in expected inflation.
For the first question the correct answer is: b. Paying a higher interest rate on commercial banks' reserves. While for the second question, the correct answer is: d. A decrease in expected inflation.
The primary tool used by the Bank of Canada to decrease the quantity of money in the Canadian economy is through open market operations, specifically by paying a higher interest rate on commercial banks' reserves. When the Bank of Canada pays a higher interest rate on reserves, it incentivizes banks to hold onto their reserves rather than lending them out, which reduces the overall quantity of money circulating in the economy. By adjusting the interest rate on reserves, the Bank of Canada can influence the lending behavior of commercial banks and control the money supply.
A decrease in expected inflation will cause the short-run Phillips curve to shift to the right, or up. The Phillips curve represents the relationship between unemployment and inflation in the short run. When there is a decrease in expected inflation, it lowers workers' wage expectations, leading to a decrease in nominal wages. As nominal wages decrease, the costs of production for firms decrease, which allows them to reduce prices without affecting their profit margins. As a result, the short-run Phillips curve shifts to the right, indicating a higher level of unemployment for a given level of inflation.
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Daisuke is currently considering investing in municipal bonds (not subject to federal tax) that earn 6 percent interest, or in taxable bonds issued by the Coca-Cola Company that pay 8 percent. Answer the following questions: 1. If Daisuke's tax rate is 22 percent, which bond should he choose? 2. Which bond should he choose if his tax rate is 32 percent? 3. At what tax rate would he be indifferent between the bonds?
1. If Daisuke's tax rate is 22 percent, he should choose the municipal bonds. Since municipal bonds are not subject to federal tax, Daisuke would receive the full 6 percent interest without any deductions.
On the other hand, with the Coca-Cola taxable bonds, he would have to pay 22 percent of the 8 percent interest in taxes, leaving him with an after-tax yield of 6.24 percent (8% - 22% of 8%). Therefore, the municipal bonds offer a higher after-tax yield for Daisuke in this scenario.
2. If Daisuke's tax rate is 32 percent, he should choose the Coca-Cola taxable bonds. In this case, the after-tax yield of the municipal bonds would be 4.08 percent (6% - 32% of 6%). On the other hand, the Coca-Cola taxable bonds would provide an after-tax yield of 5.44 percent (8% - 32% of 8%). Therefore, the taxable bonds issued by Coca-Cola offer a higher after-tax yield for Daisuke at a 32 percent tax rate.
3. Daisuke would be indifferent between the bonds at a tax rate of approximately 27.3 percent. At this tax rate, the after-tax yield of both the municipal bonds and the Coca-Cola taxable bonds would be equal. Above this tax rate, the municipal bonds would provide a higher after-tax yield, while below this tax rate, the taxable bonds would offer a higher after-tax yield.
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Suppose, Bangla Link Telecom Company plans to issue a bond with 15 years of maturity to arrange a new fund for installing a 5G network across the country. The return of this bond will be adjusted with IP, MRP, DRP, and Rf. The adjustment will be as follows: IP of 1st year is 3.5%, 2nd year 4.5%, and 3 years and beyond is 6.5%.; rate of return of 0.1% to calculate MRP; LP 1%; DRP 1.5%; and the risk-free rate is 3.5%. What will be the rate of Bangla Link bonds after 15 years?
The rate of Bangla Link bonds after 15 years will be 13.9%.
The rate of Bangla Link bonds after 15 years is given below:
Calculation of Rate of Return:
Let us calculate the Rate of Return (ROR) with the help of the formula mentioned below:
ROR = IP + MRP + DRP + LP + Rf
Where, IP is the Inflation premium, MRP is the Maturity risk premium, DRP is the Default risk premium, LP is the Liquidity risk premium, Rf is the Risk-free rate.
Now, we will calculate the Inflation premium for the first year.
Inflation Premium:
IP of the 1st year = 3.5%Let us calculate the Inflation premium for the second year.
IP of the 2nd year = 4.5%
For 3 years and beyond, the inflation premium is 6.5%.
We can calculate the Maturity risk premium with the help of the formula mentioned below:
MRP = 0.1 * (T - 1) Where, T is the time to maturity,
MRP = 0.1 * (15 - 1) = 1.4%
The default risk premium is given as follows:
DRP = 1.5%
The Liquidity risk premium is given as follows:
LP = 1%
The risk-free rate is given as follows:
Rf = 3.5%
The Rate of Return (ROR) can be calculated using the formula mentioned below:
ROR = IP + MRP + DRP + LP + Rf= 6.5% + 1.4% + 1.5% + 1% + 3.5%= 13.9%
The rate of Bangla Link bonds after 15 years will be 13.9%.
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Read the following descriptions of various reports. Match each statement to its corresponding report.
1. Compilation engagement
2. Audit
3. Review engagement
4. Specified audit procedures
5. Review of interim financial statements
6. Audit report on the income statement
7. Compliance report
8. Review report on the income statement
A report that provides reasonable assurance on an income statement only
This review engagement can only be performed by the year-end auditor of a public company
The practitioner provides limited assurance by generally using analytical procedures and inquiry. The report provides a conclusion
This engagement requires disclosure of any unresolved independence threats or prohibitions but can still be completed and provides no assurance
The following descriptions of various reports are matched to their corresponding reports:
1. Compilation engagement: This engagement requires disclosure of any unresolved independence threats or prohibitions but can still be completed and provides no assurance.
2. Audit: A report that provides reasonable assurance on an income statement only
3. Review engagement: The practitioner provides limited assurance by generally using analytical procedures and inquiry. The report provides a conclusion
4. Specified audit procedures: This review engagement can only be performed by the year-end auditor of a public company
5. Review of interim financial statements: This engagement requires disclosure of any unresolved independence threats or prohibitions but can still be completed and provides no assurance.
6. Audit report on the income statement: A report that provides reasonable assurance on an income statement only
7. Compliance report: This engagement requires disclosure of any unresolved independence threats or prohibitions but can still be completed and provides no assurance.
8. Review report on the income statement: The practitioner provides limited assurance by generally using analytical procedures and inquiry. The report provides a conclusion.
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