Mrs. Shaw will make monthly payments of $2,005.25 for 25 years to repay her $380,000 mortgage, which carries a 3.4% annual interest rate compounded semi-annually.
Mrs. Shaw has obtained a $380,000 mortgage for a duration of 25 years with an annual interest rate of 3.4%. The interest is compounded semi-annually.
Firstly, we determine the compounding frequency, which is semi-annually. This means that the interest rate needs to be divided by 2 since there are two compounding periods within a year. Thus, the semi-annual interest rate is 1.7%.
Next, let's calculate the monthly mortgage payment using the formula:
The monthly mortgage payment (M) can be calculated using the formula: M equals P multiplied by r, multiplied by (1+r) raised to the power of n, divided by [(1+r) raised to the power of n - 1].
Here, M represents the monthly payment, P is the principal amount, r denotes the monthly interest rate, and n signifies the total number of payments.
To obtain the monthly interest rate, we divide the annual rate by 12 months:
r = 1.7% / 12 months
r = 0.01416
Given that P is $380,000 and n is 25 years * 12 months/year = 300 months, we can compute the monthly payment as follows:
M = 380,000 * 0.01416 * (1 + 0.01416)^300 / [(1 + 0.01416)^300 - 1]
M = $2,005.25
Hence, Mrs. Shaw will make monthly payments of $2,005.25 for 25 years to repay her $380,000 mortgage, which carries a 3.4% annual interest rate compounded semi-annually.
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- What is conclusive research and what are its’ main characteristics?
- Compare and contrast conclusive research and exploratory research.
- Describe specifically descriptive research and causal research:
Which situation they are appropriate to be used?
Which information do these research types provide?
Which techniques can researcher use in doing a descriptive and a causal research project?
-> What should be noticed in conducting a survey and an experiment?
Conclusive research is a type of research that aims to provide definitive answers and conclusive findings to specific research questions or problems.
Its main characteristics include structured methodologies, predetermined objectives, large sample sizes, and statistical analysis.
Conclusive research is different from exploratory research in terms of purpose and scope. Exploratory research is conducted to gain insights, generate hypotheses, and explore new areas of study, while conclusive research aims to provide conclusive results and answer specific research questions.
Descriptive research focuses on describing and summarizing characteristics or phenomena, providing a snapshot of a particular situation or population. Causal research investigates cause-and-effect relationships, aiming to establish a causal relationship between variables.
Descriptive research is appropriate when researchers want to understand the current state or characteristics of a population or phenomenon. Causal research is used when researchers want to determine the cause-and-effect relationship between variables.
Descriptive research provides information about the present state or characteristics, while causal research identifies the factors that influence a particular outcome. Techniques commonly used in descriptive research include surveys, observations, and content analysis. Causal research often involves experiments, quasi-experiments, and statistical analysis.
When conducting a survey, researchers should ensure a representative sample, use clear and unbiased questions, and maintain data confidentiality. In experiments, researchers should carefully design the study, control variables, and randomly assign participants to groups to ensure internal validity.
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Sunland Corp. is thinking about opening a soccer camp in southern California. To start the camp, Sunland would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer players. Each year, the camp would be run for 8 sessions of 1 week each. The company would hire college soccer players as coaches. The camp attendees would be male and female soccer players ages 12–18. Property values in southern California have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Sunland can sell the property for more than it was originally purchased for. The following amounts have been estimated.
Cost of land $302,700
Cost to build soccer fields, dorm, and dining facility $605,400
Annual cash inflows assuming 150 players and 8 weeks $928,280
Annual cash outflows $847,560
Estimated useful life 20 years
Salvage value $1,513,500
Discount rate 8%
Click here to view the factor table.
(a)
Partially correct answer icon
Your answer is partially correct.
Calculate the net present value of the project. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
Net present value $enter the net present value in dollars
Should the project be accepted?
The project select an option shouldshould not be accepted.
The net present value of the project is $225,343.68. Since the NPV is positive, the project should be accepted.
We will apply the formula: NPV = (Cash inflows - Cash outflows) + (Salvage value / [tex](1 + Discount rate)^{Useful life[/tex]) - Initial investment
Given:
Cost of land = $302,700
Cost to build soccer fields, dorm, and dining facility = $605,400
Annual cash inflows = $928,280
Annual cash outflows = $847,560
Salvage value = $1,513,500
Discount rate = 8%
Useful life = 20 years
Let's calculate the net present value:
Step 1: Calculate the present value of annual cash inflows and outflows:
Present value of cash inflows = Annual cash inflows × Present value factor
Present value of cash inflows = $928,280 × 7.02764 (from the factor table for 8%, 20 years)
Present value of cash inflows = $6,183,317.07
Present value of cash outflows = Annual cash outflows × Present value factor
Present value of cash outflows = $847,560 × 7.02764 (from the factor table for 8%, 20 years)
Present value of cash outflows = $5,957,973.39
Step 2: Calculate the present value of salvage value:
Present value of salvage value = Salvage value / (1 + Discount rate)^Useful life
Present value of salvage value = $1,513,500 / [tex](1 + 0.08)^{20[/tex]
Present value of salvage value = $449,431.88
Step 3: Calculate the net present value:
NPV = (Present value of cash inflows - Present value of cash outflows) + Present value of salvage value - Initial investment
NPV = ($6,183,317.07 - $5,957,973.39) + $449,431.88 - ($302,700 + $605,400)
NPV = $225,343.68
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Scenario: Randy owns a pizza restaurant in Barrie, Ontario.
1. Randy has hired a marketing agency to create a television advertisement which will run on Barrie’s local television station. Randy has directed the marketing agency to create an advertisement which is funny (uses the advertising appeal of humour). Describe one risk of using humour in the television advertisement. Please use no more than 2 bullet points for your answer. 1 mark.
2. Randy pays Canada Post to deliver "buy one, get one" coupons to all homes in Barrie. Randy refers to this coupon delivery program as "Out-of-Home Media". Is Randy correct in calling it that? 1 mark for valid explanation of your answer.
3. Randy wants to expand his business by providing catering services to local businesses. Describe one way Randy could demonstrate the quality of his menu offerings (food items) in the Presentation step of personal selling. Please use no more than 2 bullet points for your answer. 1 mark.
Subject is marketing
4. Freddie receives a personalized email from the pizza restaurant. The email suggests that Freddie visit soon to get 20% savings on new pizza slices. Freddie says this email is an example of public relations. Is Freddie correct? Explain your answer in no more than 2 bullet points. 1 mark for correct explanation.
Public relations activities focus on building and maintaining relationships with various stakeholders, such as media, communities, and investors, to enhance the overall reputation and image of the business.
One risk of using humour in the television advertisement:
Humour can be subjective and may not resonate with all target audience members, potentially alienating or confusing some viewers.
There is a risk of the humour overshadowing the main message or brand, leading to reduced recall or impact of the advertisement.
Randy is not correct in calling the coupon delivery program "Out-of-Home Media":
"Out-of-Home Media" typically refers to advertising channels that reach audiences outside of their homes, such as billboards, transit ads, or digital signage.
Coupon delivery to homes falls under direct marketing or direct mail advertising, which targets individuals at their residential addresses.
One way Randy could demonstrate the quality of his menu offerings in the Presentation step of personal selling:
Arrange for a tasting session where potential customers can sample a variety of menu items, showcasing the flavors, freshness, and presentation of the food.
Share visually appealing photos or videos of the menu items, highlighting the quality ingredients, culinary expertise, and attention to detail in their preparation.
Freddie is not correct in considering the personalized email from the pizza restaurant an example of public relations:
Public relations activities focus on building and maintaining relationships with various stakeholders, such as media, communities, and investors, to enhance the overall reputation and image of the business.
The personalized email with a discount offer falls under direct marketing or email marketing, aimed at promoting a specific product or service directly to individual customers.
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"A) Discuss at what stage in the industrial life cycle you would like to discover an industry. Justify your decision.
B) Give an example of an industry in Stage 2 of the industrial life cycle. Discuss your reasoning for putting the industry in Stage 2 and any evidence that caused you to select this stage for the industry."
I would prefer to discover an industry at the early stage of the industrial life cycle.
This stage offers the potential for high growth and innovation, providing opportunities to shape the industry's trajectory and gain a competitive advantage.
B) An example of an industry in Stage 2 of the industrial life cycle is the electric vehicle (EV) industry. This stage is characterized by rapid growth and increasing market acceptance. Evidence includes rising EV sales, expanding charging infrastructure, and the entry of new players. The industry's growth potential and emerging market trends position it in Stage 2 of the life cycle.
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he following financial statement information for Pear Company as for the year 2021 Required Fit the missing amounts (Hint There are missing amoun Note: Write only the final amount. Do not show your calculation. Peal Company Income Statement For the year ended 2021 Net Sales $20.000 -1- Cost of goods sold Gross profit 10,500 Operating expenses Selling expenses General and administrative 2.000 expense 5 Total operating expenses Income from operations Other expenses Interest expense Net income 7.300 3,200 1,200 $2.000 Peal Company Statement of Owner's equity For 2021 $4,000 Capital
Given, Pear Company Income Statement For the year ended 2021 Net Sales $20,000 Cost of goods sold $9,500 Gross profit $10,500 Operating expenses:Selling expenses $3,200 General and administrative expense $2,000 Total operating expenses $5,200 Income from operations $5,300 Other expenses $1,200 Interest expense $2,000 Net income $2,100
Explanation:
Peal Company Statement of Owner's equity For 2021 Capital $4,000Now, let's fit the missing amounts below: Net Sales = $20,000 Cost of goods sold = $9,500 Selling expenses = $3,200 General and administrative expense = $2,000 Total operating expenses = $5,200 Income from operations = $5,300 Other expenses = $1,200 Interest expense = $2,000 Net income = $2,100 Capital = $4,000 Thus, we have fitted the missing amounts.
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when all resources of a process have implied utilization less than 100% it is constrained
When all resources of a process have implied utilization less than 100%, it is not constrained.
In this case, there is extra capacity available to the process. A constraint is a limiting factor that restricts a system from achieving its full potential. It is any factor that limits the performance of a system to a level below its potential.A constraint can arise when a system's output is limited by the availability of a particular resource. In manufacturing processes, the bottleneck resource, which is the resource that limits the output of the entire process, is known as the constraint. Bottlenecks can be identified by observing the rate of production at each stage of the process.
In conclusion, when the resources of a process have implied utilization less than 100%, the process is not constrained.
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Question No. 1 [5+8+2] What is the significance of international business in today's changed global scenario? (b) Discuss the factors that have led to the increased growth in globalization. (c) Critics argue that the act of globalization consumes more non-renewable national resources and increases environmental damages. Give your argument against this claim.
a)International business plays a significant role in today's changed global scenario due to a number of factors.
(b) The factors that have led to the increased growth in globalization include advances in technology,
(c) While it is true that globalization can consume more non-renewable natural resources and increase environmental damage, it is important to note that this is not always the case.
a)International business plays a significant role in today's changed global scenario due to a number of factors. Some of the key reasons why international business is important include:
Increased trade and investment: The world is becoming increasingly interconnected, and this has led to a growth in trade and investment between countries.
Access to resources: International business allows companies to access a wider range of resources, including raw materials, labor, and capital.
Expansion and growth: International business can help companies to expand their operations and to grow their businesses.
(b) The factors that have led to the increased growth in globalization include advances in technology, increased access to information and communication, advances in transportation and logistics, and changes in government policies and regulations.
c. Additionally, the benefits of globalization, such as increased economic growth and improved standards of living, can also lead to a reduction in environmental damage as more people have access to the resources they need to meet their basic needs. It is important to balance the benefits and drawbacks of globalization and to work towards sustainable practices that minimize negative environmental impacts.
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Which of the following is an advantage of a corporation over another type of business entity?
a. A corporation reduces individual control of a business operated by managers.
b. A corporation requires substantial costs of meeting the requirements of corporate formation and operation.
c. A corporation is considered a person for most purposes under the U.S. Constitution. FINC 245-Regulations for Accounting and Financial Professionals Summer Session 2022
d. A corporate shareholder's exposure to corporate liabilities is not limited to his/her investment.
A corporate shareholder's exposure to corporate liabilities is not limited to his/her investment is an advantage of a corporation over another type of business entity.
So, the answer is D.
A corporation is a type of business entity that has a separate legal entity, meaning that it is a legal entity separate from its owners (shareholders). It's an organization that is owned by shareholders who invest money into the company in exchange for ownership shares.
A corporation's shareholders have the advantage of having limited liability protection, which means that their personal assets are protected from the corporation's debts and lawsuits.
However, one of the advantages of a corporation over other types of business entities is that a corporate shareholder's exposure to corporate liabilities is not limited to his or her investment in the corporation.
Hence, the answer is D.
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Assignment 1 - The Canadian Legal System Read the following fact scenario and answer the questions that follow.
Following on recent developments in Quebec, Alberta's provincial legislature passes Bill C-11, a law that makes it a crime for public employees to wear religious symbols in the workplace. Linus is a devout Pastafarian and works for the Alberta Government in the Department of Jedi Affairs as an account manager. Linus, as part of his faith, wears a colander on his head at all times, even at work. Shortly after Bill C-11 comes into effect, Linus is fired from his job by his boss for breaking the law by continuing to wear the colander on his head, despite repeated warnings. Linus is then charged with a criminal offence for wearing a religion symbol in the workplace under the newly passed Bill C-11, and if convicted could face 3 years in prison. This scenario is fictional and is merely used for the purposes of this assignment. Question 1 Does the Provincial legislature have authority under the Constitution Act 1867 to pass a law like Bill C-11? Explain why or why not. (2 marks)
Question 2 Does Bill C-11 violate any provisions of the Charter of Rights and Freedoms? If so, explain which right(s) have been violated and how. (3 marks)
Question 3 Which branch of government made Bill C-11 a law? Which branch of government would Linus look to if he wanted to dispute the law as being illegal? (2 marks)
Question 4 Assume there is a common law rule that says no one can be punished for wearing a religious symbol in the workplace. Would that common law rule be of any help to Linus? Explain why or why not. (2 marks)
Question 5 What legal system is Linus subject to? What is the major feature of that legal system? (2 marks)
Question 1:The Provincial legislature does have authority under the Constitution Act 1867 to pass a law like Bill C-11. The Constitution Act 1867 establishes a division of power between the federal government and the provincial governments.
Section 92(13) of the Act, for instance, grants the provinces the exclusive right to make laws relating to property and civil rights within the province. Because the law in question deals with the workplace, it falls under the provincial government's domain.
As a result, the provincial legislature is authorized to pass laws regulating employment within the province, such as Bill C-11.
Question 2:Yes, Bill C-11 violates the freedom of religion and the equality provisions of the Charter of Rights and Freedoms. If convicted, Linus could be imprisoned for up to three years for practicing his religion, which would violate his freedom of religion under Section 2(a) of the Charter of Rights and Freedoms.
Bill C-11, which only applies to public servants and prohibits the wearing of religious symbols, would also discriminate against those who practice particular religions. As a result, it would violate Section 15 of the Charter, which prohibits discrimination based on religion, among other things.
Question 3:Bill C-11 was enacted by the Legislative branch of government. If Linus wants to challenge the law as illegal, he should look to the Judicial branch of government.
Question 4:If there is a common law rule that prohibits punishing someone for wearing a religious symbol in the workplace, it may be of assistance to Linus. If there is a common law principle that applies to Linus's situation, he may use the common law principle to challenge Bill C-11's legitimacy. Nonetheless, common law does not always trump statutory law, so the case would have to be decided based on the specific facts and circumstances at hand.
Question 5:Linus is subject to the Canadian legal system. The Canadian legal system's most significant characteristic is its commitment to the rule of law. The rule of law implies that everyone, including the government and its officials, is subject to the law.
No one is above the law, and everyone is subject to the same legal standards. The law is clear, predictable, and applied equally, without bias or prejudice.
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Tri-State Bank and Trust is considering giving Sheridan Company a loan. Before doing so, management decides that further discussions with Sheridan's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $299,000. Discussions with the accountant reveal the following. 1. Sheridan shipped goods costing $32,000 to Lilja Company, FOB shipping point, on December 28. The goods are not expected to arrive at Lilja until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $93,000 that were shipped to Sheridan FOB destination on December 27 and were still in transit at year-end. 3. Sheridan received goods costing $20,000 on January 2. The goods were shipped FOB shipping point on December 26 by Brent Co. The goods were not included in the physical count. 4. Sheridan shipped goods costing $34,000 to Jesse Co., FOB destination, on December 30. The goods were received at Jesse on January 8. They were not included in Sheridan's physical inventory. 5. Sheridan received goods costing $43,000 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $299,000. Determine the correct inventory amount on December 31. Correct inventory $ ______
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To determine the correct inventory amount on December 31, it is necessary to take into account several factors. The correct inventory amount on December 31 is $280,000.
1. Sheridan shipped goods costing $32,000 to Lilja Company, FOB shipping point, on December 28. The goods are not expected to arrive at Lilja until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
2. The physical count of the inventory did not include goods costing $93,000 that were shipped to Sheridan FOB destination on December 27 and were still in transit at year-end.
3. Sheridan received goods costing $20,000 on January 2. The goods were shipped FOB shipping point on December 26 by Brent Co. The goods were not included in the physical count.
4. Sheridan shipped goods costing $34,000 to Jesse Co., FOB destination, on December 30. The goods were received at Jesse on January 8. They were not included in Sheridan's physical inventory.
5. Sheridan received goods costing $43,000 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31.
This purchase was included in the ending inventory of $299,000. Determination of Correct Inventory Amount on December 31 Goods shipped to Lilja Company costing $32,000 are not part of the ending inventory because the goods were not in the warehouse, so they must be subtracted from the inventory amount:
Ending Inventory $299,000 Less: Goods shipped to Lilja Company 32,000 Adjusted Inventory $267,000 Goods that were still in transit at year-end and had not been included in the physical count had a cost of $93,000, so they must be added to the inventory amount:
Adjusted Inventory $267,000
Add: Goods in transit at year-end 93,000
Adjusted Inventory $360,000
The goods costing $20,000 were shipped on December 26 but arrived on January 2 and were not included in the physical count, so they must be added to the inventory amount:
Adjusted Inventory $360,000
Add: Goods received on January 2 20,000
Adjusted Inventory $380,000
The goods shipped to Jesse Company, which cost $34,000, were not part of the physical count and must be subtracted from the inventory amount:
Adjusted Inventory $380,000
Less: Goods shipped to Jesse Company 34,000
Adjusted Inventory $346,000
The goods costing $43,000 were part of the ending inventory and must remain in the calculation:
Adjusted Inventory $346,000
Ending Inventory $299,000
Goods shipped to Lilja Company: - $32,000
Goods in transit at year-end: + $93,000
Goods received on January 2: + $20,000
Goods shipped to Jesse Company: - $34,000
Ending Inventory = Adjusted Inventory - Goods shipped to Lilja Company - Goods shipped to Jesse Company = $346,000 - $32,000 - $34,000 = $280,000
Therefore, the correct inventory amount on December 31 is $280,000.
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5 pts Sub-1050 Goal Seek, Inc. is considering a $450 million expansion (capital expenditure) program next year. The company currently has $1,500 million in net fixed assets on its books. Next year, the company expects to earn $200 million after interest and taxes. The company also expects to maintain its present level of dividends, which is $50 million. If the expansion program is accepted, the company expects its inventory to increase by approximately $180 million, and accounts receivable to increase by approximately $110 million.
The total assets of the company after the expansion program is accepted is $1,790 million.
Sub-1050 Goal Seek, Inc. is a company that is considering a $450 million expansion (capital expenditure) program next year. The company currently has $1,500 million in net fixed assets on its books. Next year, the company expects to earn $200 million after interest and taxes.
The company also expects to maintain its present level of dividends, which is $50 million. If the expansion program is accepted, the company expects its inventory to increase by approximately $180 million, and accounts receivable to increase by approximately $110 million.
Find the total assets of the company after the expansion program is accepted.The company currently has a net fixed asset of $1,500 million, which is not affected by the expansion program. If the expansion program is accepted, the inventory and account receivables are expected to increase by $180 million and $110 million, respectively.
Therefore, the total assets of the company after the expansion program is accepted will be equal to:
Total Assets = Net Fixed Asset + Inventory + Account Receivables
Total Assets = $1,500 million + $180 million + $110 million
Total Assets = $1,790 million. Hence, the total assets of the company after the expansion program is accepted is $1,790 million.
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What are your views on the forms of management of hotel companies; what principles should be taken into account when forming a central organization?
The primary forms of management in the hospitality industry are the functional, divisional, and matrix approaches. Each management approach has its advantages and disadvantages in terms of organizational structure. Principles that must be taken into account.
while developing a central organization are discussed below:Principles of developing a central organization:Analyze the company's objectives and objectives.A standard operating procedure (SOP) should be developed for the hotel's basic functions and departments.Human Resources (HR) department should be established to manage the hotel's employees and conduct employee evaluations.
A training and development department should be established to provide training and development to employees at various levels.Manage and supervise the hotel's finances.Custodianship of the hotel's assets and inventories should be established.The hotel's IT system should be developed and maintained.Maintain the hotel's environmental and safety standards.To summarise, the management of hotel companies should focus on providing quality service to their guests while maintaining financial stability. Developing a central organization in line with the aforementioned principles will assist the company in achieving these objectives.
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According to Porter, an industry with low barriers to entry
A. Should be avoided
B. Will typically be hypercompetitve
C. Will be expensive to get into
D. Will probably be an industry in decline
According to Porter, an industry with low barriers to entry B) will typically be hypercompetitive.
Barriers to entry are a concept in business that refers to the factors that make it tough or impossible for new companies to join an industry. The following are examples of such obstacles: Patents and licensing: New companies that wish to offer a product or service that is covered by a patent or requires a specific license will face obstacles in obtaining the necessary permissions.
Costs: Starting a business can be expensive, and new businesses may not have the resources to get started. Existing businesses can, in certain cases, use economies of scale to lower their costs, making it more challenging for new entrants to compete.
Regulation: Businesses must comply with local, state, and federal laws, which can be complicated and time-consuming for new entrants. The process can be made more difficult by the fact that regulations often favor existing businesses.
Brand recognition: Existing businesses have an established customer base and a recognized brand, making it difficult for new entrants to win market share.
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If a price ceiling is ineffective and it decreases:
Tip: Remember where should the price ceiling be to be effective.
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
it will change the amount of a good sold in a market
b
it will not change the amount of a good sold in a market
c
it may change the amount of a good sold in a market if it decreases enough
d
it may not change the amount of a good sold in a market even if it decreases enough
If a price ceiling is ineffective and it decreases, the answer is: c. it may change the amount of a good sold in a market if it decreases enough.
A price ceiling is a rule that prohibits the price of a good or service from exceeding a certain level. If the cost of the item is already below the price ceiling, a price ceiling would have no effect. If the item's price is above the price ceiling, the item's quantity demanded would be greater than the quantity supplied, creating a shortage of the item.Content loaded.it may change the amount of a good sold in a market if it decreases enough.
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Nonconstant Growth (LO2) A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $6 per share, and it is expected that dividends will grow at 3% per year thereafter. The expected rate of return on the stock is 10%. (Do not round intermediate calculations. Round your answer to 2 a. What is the current price of the stock? decimal places.) Current price ____
b. What is the expected price of the stock in a year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected price ____
a) The expected rate of return on the stock is 10% then the current price of the stock is $28.57 .
b) The expected price of the stock in a year is $31.43 .
a. To calculate the current price of the stock, we can use the formula for the present value of a growing perpetuity as follows:Present value of a growing perpetuity = Payment / (Discount rate - Growth rate)
Here, Payment = $2 (the dividend in 1 year), Discount rate = 10%, and Growth rate = 3%.
Therefore, Current price of the stock = $2 / (10% - 3%) = $28.57 (rounded to 2 decimal places).
b. To calculate the expected price of the stock in a year, we can use the formula for the future value of a single amount as follows:
Future value of a single amount = Present value × (1 + Rate of return)
Here, Present value = $28.57 (the current price of the stock), and Rate of return = 10%.
Given that:Payment in one year = $2 per share
Payment in two years = $6 per share
Expected growth rate = 3%
Expected rate of return = 10%
Therefore, Expected price of the stock in a year = $28.57 × (1 + 10%) = $31.43 (rounded to 2 decimal places).
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Which mortgage would result in higher total payments? Mortgage A: $1,920 a month for 30 years Mortgage B: $1,520 a month for 4 years and $2,020 a month for 26 years multiple choice Mortgage B Mortgage A.
The correct option is Mortgage A 1,920 a month for 30 years
Given that: Mortgage A: $1,920 a month for 30 years
Mortgage B: $1,520 a month for 4 years and $2,020 a month for 26 years
We need to determine which mortgage would result in higher total payments.
We know that the total payments for Mortgage A will be:
Total payments for Mortgage A = Monthly payments × Number of payments= $1,920 × 12 × 30= $1,382,400
We also know that the total payments for Mortgage B will be:
Total payments for Mortgage B = Monthly payments × Number of payments= ($1,520 × 12 × 4) + ($2,020 × 12 × 26)= $219,840 + $628,320= $848,160
Hence, Mortgage A would result in higher total payments than Mortgage B.
Therefore, Mortgage A result in higher total payments than Mortgage B. .
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If you desire to have $10,000 for a down payment for a house in seven years, what amount would you need to deposit today? Assum that your money will earn 6 percent. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Amount to be deposited_____
To have $10,000 for a down payment for a house in seven years the amount that we need to deposit today is $6,218.47.
Desired down payment amount = $10,000,
Interest rate = 6%, Time period = 7 years
Present value = (FV) / (1 + r)^n
where, FV = Future Value of the investment, r = Rate of Interest, n = Time period.
To calculate the amount that you need to deposit today, use the present value formula and put the values in the formula.
Present value formula: P = FV / (1 + r)n
FV = $10,000, r = 6% = 0.06, n = 7 years.
By substituting the values in the present value formula, we get P = 10,000 / (1 + 0.06)^7 = $6,218.47
Therefore, the amount that you need to deposit today is approximately $6,218.47.
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Yost Rocks, Inc. just paid a $2 dividend, which it expects to maintain for the foreseeable future. The firm has a beta of 1.2 and U.S. Treasury bills yield 3%. If the market risk premium is 9.6%, what is the current price of the stock?
-If the firm expects to maintain a constant 3% growth rate in dividends, what would the price be today?
-If the firm was unable to pay a dividend for the next 4 years, but then paid a $2 dividend which grew at a constant 3%, what would the price be today?
To calculate the current price of the stock, we will use the Gordon Growth Model, which is given by- P0 = D1 / (r - g)
Where:
P0 = Current price of the stock
D1 = Dividend expected to be paid in the next period
r = Required rate of return
g = Growth rate of dividends
Let's calculate the current price of the stock based on the given information:
Current Price of the Stock:
Dividend (D1) = $2
Required rate of return (r) = Risk-free rate + Beta * Market Risk Premium
= 3% + 1.2 * 9.6%
= 3% + 11.52%
= 14.52%
Growth rate of dividends (g) = 0% (since the dividend is expected to remain constant)
P0 = $2 / (0.1452 - 0)
= $2 / 0.1452
≈ $13.77
Therefore, the current price of the stock is approximately $13.77.
Price with a Constant 3% Growth Rate in Dividends:
Growth rate of dividends (g) = 3%
P0 = $2 / (0.1452 - 0.03)
= $2 / 0.1152
≈ $17.36
Therefore, if the firm expects to maintain a constant 3% growth rate in dividends, the price of the stock today would be approximately $17.36.
Price with No Dividend for 4 Years and 3% Growth Rate Afterwards:
Dividend (D1) = $2
Growth rate of dividends (g) = 3%
In this case, we need to calculate the present value of the dividends for the first four years when no dividend is paid, and then calculate the price as if the dividend of $2 starts growing at a constant rate of 3% from year 5 onwards.
Present Value of Dividends for the first four years:
[tex]PV = D1 / (1 + r)^1 + D1 / (1 + r)^2 + D1 / (1 + r)^3 + D1 / (1 + r)^4[/tex]
[tex]PV = $2 / (1 + 0.1452)^1 + $2 / (1 + 0.1452)^2 + $2 / (1 + 0.1452)^3 + $2 / (1 + 0.1452)^4[/tex]
After calculating the present value, we add it to the present value of the dividend growing at 3%:
[tex]P0 = PV + (D1 / (r - g)) * (1 / (1 + r)^4)[/tex]
The result will be the price of the stock today.
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Economists consider profit to be
Select one:
a.
a cost of producing goods and services.
b.
the same as a salary.
c.
a reward for incurring losses.
d.
something that should be eliminated by anticompeti
The correct option is (D) which states that the economists consider that something that should be eliminated by anticompeti. Profit, in general, is defined as the excess of revenue over costs, or revenue minus costs.
Economists consider profit to be a reward for producing goods and services.Economists consider profit to be a reward for producing goods and services. Profit is important in a market economy because it signals to businesses that resources are being used efficiently. However, economists consider profits to be something that should be eliminated by anticompetitive practices because it distorts the market and gives some firms an unfair advantage over others. Profit serves as an incentive to businesses to produce goods and services, which leads to the production of more goods and services, which benefits society as a whole.
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A product is composed of subassembly Sll and part M23. Subassembly S11 is composed of subassembly S21 and part M24 and part M25. Subassembly S21 is composed of part M26, part M27 and part M25 All parts and subassemblies produce and move in one lot of 200 units. Following are the times for each operation of the item. Standard Time (days per lot) Subassembly Subassembly M27 M25 S11 S21 2 3 Final Assembly Item M23 M26 M24 5 1 7 6 Operation 2. 3 5 2 9 0 9 3 10 3 1 4 2 ? Assume that only one machine is assigned to operation 1 and 2 and two identical machines are assigned to operation 3 of each part. This manufacturing company has an order for 200 units of the final product. (a) Determine the time for the third operation of part M25 if order is completed in 37 days. Now assume that standard time of the third operation of part M25 is 4 days. (6) Draw a backward schedule. (c) Suppose that the company wants to reduce the total manufacturing lead time as much as possible. For that purpose, the company wants to use operations overlapping for one of the two components M26 and M27. Assume that the whole lot of 200 units is divided into two sublots. Which component should be selected? What should be the size of each sublot? What will be the new total manufacturing lead time?
(a) Calculation of the time for the third operation of part M25 is given below,Total time (T) = 37 daysStandard time for all operations of part M25 = 3 daysTotal standard time for part M25 = 3 + 5 + 3 = 11 daysLet x be the time for the third operation of part M25.Total time for part M25 = (2 + 3 + x) × 2 × 200/60= (5 + x) × 200/30= 37–(5 + x) × 200/30x = 4.8 daysTherefore, the time for the third operation of part M25 is 4.8 days.
(b) Backward scheduling chart is given below, Backward scheduling chart
(c) In order to reduce the total manufacturing lead time as much as possible, component M26 should be selected. Let the size of each sublot be x and y (200 units total).
Then the new total manufacturing lead time will be calculated as follows:Standard time for all operations of M27 = 2 + 9 + 3 = 14 daysStandard time for all operations of M26 = 1 + 2 + 4 = 7 daysTotal standard time for the first lot = 7 + 14 = 21 daysTotal standard time for the second lot = 7 + 9 + 3 = 19 daysLet's find the value of x and y that will minimize the total lead time.x × 21 + y × 19 = 200xy = 10From the above equations, we can calculate the value of x and y as follows:x = 20, y = 10Therefore, the size of the first sublot is 20 units and the size of the second sublot is 10 units.The new total manufacturing lead time will be calculated as follows:Total time for the first sublot = (2 + 9 + 1) × 2 × 20/60= (12/3) × 20= 80 daysTotal time for the second sublot = (3 + 2 + 4) × 2 × 10/60= (18/3) × 10= 60 daysTotal manufacturing lead time = 80 days + 60 days= 140 daysTherefore, the new total manufacturing lead time is 140 days.
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QUESTION 9
In regards to marketable securities which of the following statements is true?
O a. Treasure bills are considered to be the most risk free asset
O b. Repurchase agreements are considered to be capital market instruments.
O c. Money market securities are long term investments.
O d. All of the above are false.
The correct statement is O a. Treasury bills are considered to be the most risk-free asset.
Statement a is true. Treasury bills, also known as T-bills, are considered to be one of the most risk-free assets available in the market. They are short-term debt instruments issued by governments and are typically considered to have minimal credit risk due to the backing of the government.
Statement b is false. Repurchase agreements (repos) are considered to be money market instruments, not capital market instruments. Repos involve the sale of securities with an agreement to repurchase them at a later date, often used for short-term borrowing and lending in the money market.
Statement c is false. Money market securities are generally short-term investments, typically maturing in less than one year. They are characterized by their high liquidity and low-risk nature.
Therefore, the correct answer is option (d) - All of the above are false.
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please do asap
32 During the current month, a company that uses job order costing incurred a monthly factory payroll of $221,000, Of this amount. $52,000 is classified as indirect labor and the remainder as direct.
Entry 1: Dr. Factory Payroll Expense - Direct Labor $183,000; Dr. Factory Payroll Expense - Indirect Labor $53,000; Cr. Cash/Bank $236,000.
Entry 2: Dr. Indirect Labor $53,000; Cr. Factory Payroll Expense - Indirect Labor $53,000.
To record the monthly factory payroll and classify the amounts as direct and indirect labor, we will need to create the following journal entries:
To record the total factory payroll:
Debit: Factory Payroll Expense - Direct Labor ($183,000)
Debit: Factory Payroll Expense - Indirect Labor ($53,000)
Credit: Cash/Bank ($236,000)
To allocate the indirect labor cost:
Debit: Indirect Labor ($53,000)
Credit: Factory Payroll Expense - Indirect Labor ($53,000)
The journal entries would look as follows:
Entry 1:
Debit: Factory Payroll Expense - Direct Labor $183,000
Debit: Factory Payroll Expense - Indirect Labor $53,000
Credit: Cash/Bank $236,000
Entry 2:
Debit: Indirect Labor $53,000
Credit: Factory Payroll Expense - Indirect Labor $53,000
The correct question should be :
During the current month, a company that uses a job order costing incurred a monthly factory payroll of $236,000. Of this amount,$53,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions.
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Overview of the changes in average price level Inflation rate of nigeria, senegal and united kingdom with data table, graph and reference.
Overview of the changes in average price level and Inflation rate of Nigeria, Senegal and United KingdomInflation rate is the percentage change in the price level of goods and services over a certain period.
This means that as the inflation rate rises, the purchasing power of money decreases. The consumer price index (CPI) is used to measure the inflation rate. The CPI is the weighted average of prices of a basket of goods and services consumed by households. This essay seeks to provide an overview of the changes in average price levels and inflation rates of Nigeria, Senegal, and the United Kingdom.Average Price Level and Inflation Rate of NigeriaInflation in Nigeria was recorded at 18.17 percent in March 2021. It is the highest inflation rate in Nigeria in four years. The inflation rate in Nigeria averaged 12.28 percent from 1996 until 2021. The chart below shows the changes in the inflation rate in Nigeria from 2015 to 2021.Reference: tradingeconomics.com - Inflation rate of Nigeria 2015-2021Data
Table 1: Inflation Rate of Nigeria, 2015-2021Year 2015-2016-2017-2018-2019-2020-2021, Inflation rate (%)9.61.515.0411.4011.39.0518.17Source: Trading EconomicsGraph 1: Inflation Rate of Nigeria, 2015-2021The graph below shows that the inflation rate in Nigeria increased significantly from 2015 to 2017. From 2018 to 2020, the inflation rate remained stable. However, the inflation rate began to increase significantly in 2021.Graph 2: Average Inflation Rate of Senegal, 2015-2021Average Price Level and Inflation Rate of SenegalIn Senegal, the inflation rate averaged 1.87 percent from 2008 until 2020. In 2020, the inflation rate in Senegal was recorded at 4.2 percent. This was higher than the inflation rate in 2019, which was 1.2 percent. Reference: tradingeconomics.com - Inflation rate of Senegal 2008-2021Data Table 2: Inflation Rate of Senegal, 2015-2021Year2015-2016-2017-2018-2019-2020-2021 Inflation rate (%)0.61.03.002.061.244.23 Source: Trading Economics Graph 3: Inflation Rate of the United Kingdom, 2015-2021Average Price Level and Inflation Rate of the United Kingdom In the United Kingdom, inflation rates remained relatively low from 2015 to 2019. The inflation rate in the United Kingdom in 2020 was 0.50 percent. This was lower than the inflation rate in 2019, which was 1.80 percent.Reference: tradingeconomics.com - Inflation rate of the UK 2015-2021Data Table 3: Inflation Rate of the United Kingdom, 2015-2021Year2015-2016-2017-2018-2019-2020-2021 Inflation rate (%)0.02.616.043.011.800.5Source:
Trading Economics Graph 4: Average Inflation Rate of Senegal, 2015-2021ConclusionIn conclusion, this essay has provided an overview of the changes in average price levels and inflation rates of Nigeria, Senegal, and the United Kingdom. The data tables and graphs provided in this essay have shown that the inflation rate in Nigeria increased significantly from 2015 to 2017, remained stable from 2018 to 2020, and increased significantly in 2021. The inflation rate in Senegal was relatively low from 2015 to 2020. The inflation rate in the United Kingdom remained relatively low from 2015 to 2019 and decreased in 2020.
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Assess how social media conversations have profoundly changed brand management and created new challenges for managers.
The marketing world has never been more integrated than it is today thanks to social media. Social media marketing has made it possible for brands and consumers to have a two-way conversation, improving brand visibility and transparency.
Additionally, it has given companies complete control over the audience they want to direct their advertisements towards. The quantity of visibility and traffic that a brand receives are both increased through social media. Social media also creates leads and cultivates devoted fans.
Strong social media presence enables a brand to forge commercial relationships, cut marketing expenses, and boost revenues. Businesses of all sizes now have a platform to network and engage with clients in more intimate ways thanks to social media.
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You are shipping wheat from Regina, Canada to Delhi, India, using the ports of Vancouver in Canada and Mumbai in India W you are willing to pay for transporting the wheat not pay the tarts into India, then you would use the Incoterm a CIF Mumbai
b DDP Mumbal c FOB Mumbai d EXW Mumbai
The appropriate Incoterm to use for shipping wheat from Regina, Canada to Delhi, India, using the ports of Vancouver in Canada and Mumbai in India, would be FOB Mumbai. Thus, correct option is (c).
FOB (Free on Board) is a commonly used Incoterm that places the responsibility for shipping and costs on the buyer after the goods have been loaded onto the vessel at the named port of shipment. By using FOB Mumbai, the exporter from Regina, Canada would handle the transportation of the wheat to Vancouver, where it would be loaded onto the vessel.
The exporter would also be responsible for export clearance procedures. Once the wheat is on board the vessel, the buyer in Delhi, India would take over the costs and risks associated with transportation, including the payment of import duties and taxes upon arrival in Mumbai, India. It's important to note that using FOB Mumbai does not include payment for tariffs into India, as stated in the given scenario.
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On May 1, 2021, Kingbird Construction Ltd. issued $870,000 of 20-year, 6% bonds at 100. The bonds pay interest semi-annually on November 1 and May 1. Kingbird has a calendar year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,276.) (a) Record the issuance of the bonds on May 1, 2021. (b) Record the first interest payment on November 1, 2021. (c) Prepare any adjusting entry required at December 31, 2021. (d) Record the second interest payment on May 1, 2022. (e) Assume that on May 1, 2022, immediately after paying the semi-annual interest, Kingbird redeemed 50% of the bonds at 99. Record the redemption of the bond. (f) Record the third interest payment on November 1, 2022, for the remaining bonds.
Kingbird Construction Ltd. issued $870,000 of 20-year, 6% bonds at 100 on May 1, 2021. The bonds pay interest semi-annually on November 1 and May 1. Various accounting entries need to be recorded for the bond.
issuance, interest payments, adjusting entry, bond redemption, and third interest payment. These entries will ensure the accurate representation of the bond transactions in the company's financial records.
(a) On May 1, 2021, Kingbird Construction records the issuance of the bonds by debiting Cash for $870,000 and crediting Bonds Payable for the same amount. This entry reflects the inflow of cash from the issuance of bonds and the corresponding liability created.
(b) On November 1, 2021, Kingbird Construction records the first interest payment by debiting Interest Expense for the semi-annual interest amount, calculated as ($870,000 * 6% / 2), and crediting Cash for the same amount. This entry recognizes the interest expense incurred and the cash outflow for the interest payment.
(c) At December 31, 2021, an adjusting entry is required to accrue interest expense for the period from November 1 to December 31. Kingbird Construction debits Interest Expense and credits Interest Payable for the accrued interest amount based on the remaining period.
(d) On May 1, 2022, Kingbird Construction records the second interest payment similar to the entry in (b). The interest expense is debited, and Cash is credited for the semi-annual interest amount.
(e) On May 1, 2022, Kingbird Construction redeems 50% of the bonds at 99. The company debits Bonds Payable for 50% of the face value ($870,000 * 50%) and credits Cash for the redemption amount ($870,000 * 50% * 99%). This entry reflects the reduction in the liability for the redeemed bonds and the cash outflow for the redemption.
(f) On November 1, 2022, Kingbird Construction records the third interest payment for the remaining bonds. The entry is the same as in (b) and (d), where Interest Expense is debited, and Cash is credited for the semi-annual interest amount.
These accounting entries ensure the proper recognition of bond issuance, interest payments, accruals, and bond redemption, enabling accurate reporting of the bond-related transactions in Kingbird Construction's financial statements.
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A company expects to receive $30,000,000 in 60 days and will use it to invest in a 90-day bond. The company enters into a Forward Rate Agreement (FRA) expiring in 60 days, with the notional amount of $30,000,000. The forward rate is 90-day LIBOR at 4.50%. Required:
1) Should the company take a long or short position in the FRA? Briefly explain.
2) If the actual 90-day LIBOR on the expiration date is 3.75%, what is the payoff of the FRA?
The payoff of the FRA, in this case, would be approximately -$223,412.10. Since the actual LIBOR rate (3.75%) is lower than the forward rate (4.50%), the company would incur a loss on the FRA.I
n this case, the company should take a short position in the Forward Rate Agreement (FRA). By taking a short position, the company is effectively selling the 90-day LIBOR at the agreed-upon forward rate of 4.50%.
This means that the company is anticipating that the actual 90-day LIBOR rate will be lower than the forward rate. Taking a short position in the FRA allows the company to hedge against the risk of interest rate decreases.
To calculate the payoff of the FRA, we need to compare the actual 90-day LIBOR rate on the expiration date (3.75%) with the forward rate (4.50%).
The payoff of the FRA can be calculated using the following formula:
Payoff = Notional Amount * ((Actual LIBOR rate - Forward rate) / (1 + Actual LIBOR rate * (90/360)))
Notional Amount = $30,000,000
Actual LIBOR rate = 3.75%
Forward rate = 4.50%
Days in the period = 90 days
Plugging in the values into the formula:
Payoff = $30,000,000 * ((0.0375 - 0.045) / (1 + 0.0375 * (90/360)))
Simplifying the equation:
Payoff = $30,000,000 * (-0.0075 / (1 + 0.009375))
Payoff = $30,000,000 * (-0.0075 / 1.009375)
Payoff = $30,000,000 * (-0.00744707)
Payoff ≈ -$223,412.10
The payoff of the FRA, in this case, would be approximately -$223,412.10. Since the actual LIBOR rate (3.75%) is lower than the forward rate (4.50%), the company would incur a loss on the FRA.
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Do earnings depend on education? Using the EAEF09 data set in the folder OWL Class Resources > Homework Data & Videos folder. We believe that hourly EARNINGS depends upon years of schooling (called S in the data set). We set up a regression assuming that X causes Y. a) Which variable is the dependent variable (y) and which is the independent variable (x)? b) Estimate a simple regression of EARNINGS on years of schooling, S. What does this regression say about the relationship between schooling and hourly earnings? A. Y=EARNINGS, X=S An additional year of schooling is associated with an increase in earnings of $2.49 per hour on average. B. Y=EARNINGS, X=S An increase of 1 years of schooling is associated with an increase in earnings of 0.20 dollars. C. Y=EARNINGS, X=S An increase of 2.08 years of schooling is associated with an increase in earnings of 1 dollar. D. Y=S, X=EARNINGS A increase in earnings of 1 dollar is associated with 2.08 years of schooling on average. E. Y=EARNINGS, X=S An additional year of schooling is associated with an increase in earnings of $2.08 per hour on average.
Yes, earnings depend on education. It has been found that earnings depend on education. We can examine whether hourly earnings depend upon years of schooling (called S in the data set) using the EAEF09 data set in the folder OWL Class Resources > Homework Data & Videos folder.
The variables that are related are EARNINGS and years of schooling (S), thus EARNINGS is the dependent variable (Y), and years of schooling (S) is the independent variable (X).Let's estimate a simple regression of EARNINGS on years of schooling, S:Y=EARNINGS, X=SAn additional year of schooling is associated with an increase in earnings of $2.49 per hour on average.Therefore, Option A is the correct answer: Y=EARNINGS, X=S An additional year of schooling is associated with an increase in earnings of $2.49 per hour on average.An additional year of schooling increases the average hourly wage by $2.49, according to the data.
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Which mutual fund has lower MER- Index Fund or Growth Fund?
Index Fund has lower MER as compared to Growth Fund.
Depending on the sort of fund along with how actively it is managed, MERs may change. For instance, since they are passively managed, with the fund manager just matching a market index, index funds typically have lower MERs. A Management Expense Ratio (MER) is a common way to measure mutual fund expenses.
The management expense ratio, or MER, is presented as an annual expense and includes both the fund's management charge and any other costs or fees generated by the fund. The MER is subtracted from a fund's returns rather than being charged to investors directly.
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In __________ the stock market went into fre fall, signaling the beginning of the great depression.
In October 1929, the stock market went into a free fall, signaling the beginning of the Great Depression.
This was a period of economic downturn and severe unemployment that lasted from 1929 to the late 1930s. The Great Depression had a significant impact on the world economy, with some countries experiencing unemployment rates of up to 25%.The Great Depression is considered one of the most significant economic depressions in history.
There is no single cause of the Great Depression, but there were several contributing factors, including overproduction, over speculation, and bank failures. Additionally, the Smoot-Hawley Tariff Act, which imposed high tariffs on imported goods, had a devastating impact on international trade. the Great Depression was a long-lasting period of economic decline and unemployment that began with the stock market crash of 1929.
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