The D2C model allows businesses like Warby Parker to provide value by offering a wider selection of products, maintaining control over the customer experience, and offering competitive pricing.
One of the B2C business models mentioned in Chapter 2 of the textbook is the Direct-to-Consumer (D2C) model. This model involves selling products directly to customers without the need for intermediaries like retailers.
The value that the D2C business model seeks to provide is cutting out the middleman and establishing a direct relationship with customers. This allows companies to have better control over the entire customer experience, from product design to delivery. It also enables them to gather valuable customer data and feedback, which can be used to improve products and tailor marketing strategies.
An example of an e-commerce business that follows the D2C model is Warby Parker. They are an online eyewear retailer that designs and manufactures their own glasses, eliminating the need for traditional eyewear retailers. By selling directly to customers, Warby Parker is able to offer high-quality eyewear at a lower cost compared to traditional retailers. They also provide a seamless and personalized shopping experience by offering a virtual try-on tool and a home try-on program.
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25 If outside collateral is taken in the form of a limited corporate guarantee from an associate company, what will happen if the borrower is unable to repay the debt? Both the company and the company owner may be pursued to fulfill the debt obligation. The owner of the company will be personally responsible for completing the loan obligations. The lender has the right to pursue recourse from the guarantor company within a specific dollar amount.
The guarantor will cover all the liabilities of the borrower regardless of the amount.
If the borrower is unable to repay the debt, and outside collateral in the form of a limited corporate guarantee from an associate company is taken, the lender has the right to pursue recourse from the guarantor company within a specific dollar amount.
The guarantor will be responsible for covering the liabilities up to the agreed amount, but not necessarily for the entire debt. The company owner may also be pursued to fulfill the debt obligation and can be personally responsible for completing the loan obligations if specified in the guarantee agreement.
In the case of default by the borrower, the lender has the option to seek recourse from both the guarantor company and the company owner to fulfill the debt obligation. The extent of the guarantor's liability is limited to the agreed dollar amount specified in the guarantee agreement. It is important for all parties involved to clearly understand the terms and limitations of the guarantee arrangement.
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You’ve just come back from Taiwan. You still have 5,000
Taiwan New Dollar (TWD) from your trip and can exchange them for
USD at the airport. The airport foreign exchange desk buys TWD for
$0.03
You
Based solely on the exchange rates provided, accepting the tourist's offer of 1,200 HKD for the 5,000 TWD appears to be a slightly better deal.
To determine whether to accept the tourist's offer or exchange the 5,000 TWD at the airport, we need to compare the value of the offer with the value we would get through the airport foreign exchange desk.
Value at the airport foreign exchange desk:
The airport foreign exchange desk buys TWD for $0.03. Therefore, if we exchange the 5,000 TWD, we would receive:
Value = 5,000 TWD * $0.03/TWD
Value = $150
Value of the tourist's offer:
The tourist is offering 1,200 HKD in exchange for the 5,000 TWD. To determine the value of the offer in USD, we need to convert the HKD to USD at the airport exchange rate of $0.13/HKD:
Value = 1,200 HKD * $0.13/HKD
Value = $156
Comparing the two values, we find that the tourist's offer of 1,200 HKD is equivalent to $156, while exchanging the 5,000 TWD at the airport would give us $150. Therefore, accepting the tourist's offer would result in a slightly higher value.
However, before making a decision, it's essential to consider any additional fees or commissions involved in the exchange. If there are fees or unfavorable exchange rates, they could reduce the overall value of the offer. Additionally, if you will need Hong Kong dollars for your upcoming trip, accepting the offer could be more convenient than exchanging the currency at the airport.
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Complete Question : You’ve just come back from Taiwan. You still have 5,000 Taiwan New Dollar (TWD) from your trip and can exchange them for USD at the airport. The airport foreign exchange desk buys TWD for $0.03
You will go to Hongkong tomorrow and need to buy Hongkong dollars (HKD) right now. The airport foreign exchange desk offers to sell HKD for $0.13.
Then you meet a tourist at the airport who is from Hongkong and is on his way to Taiwan. He is willing to buy your 5,000 TWD for 1,200 HKD. Will you accept the offer of the tourist at the airport? Why or why not?
Instead of paying dividends, the firm may use the cash to repurchase shares of its own stock. Why should Angelina Corporation choose to repurchase its own stock overpayment of dividends? Give three reasons. Angelina Corporation has sufficient cash of $500 million and is considering other alternatives of using the cash rather than using it to pay dividends mainly because of the unfavorable tax treatment of dividends.
Explain four alternatives of using the cash to the board. . i.) Explain the dividend policy theory of clientele effect. ii.) James Robertson and Alicia Walters own stocks in Angelina Corporation. James is a wealthy investor and falls in a high tax bracket whereas Alicia, a widow, is in a low tax bracket. One institutional investor also owns stocks of the company. The institutional investor is a pension fund, so it is tax-exempt and does not pay income taxes. Based on the theory of clientele effect, which of the three investors
Instead of paying dividends, the firm may use the cash to repurchase shares of its own stock. Angelina Corporation should choose to repurchase its own stock overpayment of dividends due to the following reasons:It increases the ownership of shares in the company, which in turn enhances the control of the company: When Angelina Corporation purchases its own stock, it is effectively buying back its shares.
Instead of paying dividends, the firm may use the cash to repurchase shares of its own stock. Angelina Corporation should choose to repurchase its own stock overpayment of dividends due to the following reasons:It increases the ownership of shares in the company, which in turn enhances the control of the company: When Angelina Corporation purchases its own stock, it is effectively buying back its shares. It reduces the number of shares available in the open market, making each share more valuable. It helps to increase the ownership of the company, making it a valuable investment for its investors. Thus, it is a more effective way of retaining earnings within the company rather than distributing them to the shareholders in the form of dividends.It increases the earnings per share (EPS) of the company: When a company repurchases its own shares, the number of outstanding shares reduces, thereby boosting the earnings per share of the company. This is an attractive proposition for investors as they are looking for companies with higher EPS, and the higher the EPS, the more valuable the company is perceived to be by the investors.It increases the market price of the stock: Repurchasing shares also sends out a positive signal to the market that the company is confident about its future prospects. This, in turn, attracts more investors, leading to a surge in the demand for the stock. This demand for the stock leads to an increase in the market price of the stock. This rise in the market price is an attractive proposition for the company's investors. The firm has $500 million cash and is considering other alternatives of using the cash rather than using it to pay dividends due to the unfavorable tax treatment of dividends. Here are the four alternatives that the company may consider:Investing in long-term growth opportunitiesPaying off debtsAcquiring other companies (horizontal integration, vertical integration, and conglomerate merger)Buying back its shares based on the theory of clientele effect, James Robertson is likely to prefer the company pay a dividend because he falls under the high tax bracket. Alicia Walters, on the other hand, is expected to prefer a share repurchase because she falls under the low tax bracket, and a share repurchase would help in increasing the earnings per share. The institutional investor is likely to prefer a combination of dividends and share repurchases.
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BUSI 601. ETHICS, CSR and BUSINESS ENVIRONMENTAL ANALYSIS
Weekly Assignment #
Deadline: Before the next class
• Choose a company in from India and one in Canada (website) in the same industry.
• Conduct SWOT analysis for each.
• Compare both in a table and highlight similarities and differences.
• Submit as 1 file in the thread below.
The assignment is to be submitted as one file in the thread below, before the next class. It should include a comparison of both companies in a table and highlighting similarities and differences.
This weekly assignment of BUSI 601. ETHICS, CSR and BUSINESS ENVIRONMENTAL ANALYSIS, requires conducting a SWOT analysis of two companies in the same industry. One company has to be from India and the other company has to be from Canada. The assignment is to be submitted as one file in the thread below, before the next class. It should include a comparison of both companies in a table and highlighting similarities and differences.
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Mr DIY Corporation offers bond with: 9%coupon bond (payable once a year). Yield to maturity is 8.13% Mature in 9 years Based on the above information, which of the following statements is true? Select one: a. The bond is both discount and premium bond. b. The bond is discount bond. c. The bond is premium bond. d. The bond is equal bond.
The bond is a premium bond.
Based on the given information, the bond is a premium bond. A premium bond is a bond that is priced higher than its face value or par value. In this case, the bond offers a coupon rate of 9%, which is higher than the yield to maturity of 8.13%. This indicates that the bond is attractive to investors, resulting in its price being higher than its face value.
Premium bonds typically occur when the coupon rate is higher than the prevailing interest rates, making them desirable investments. Investors are willing to pay a premium to receive the higher coupon payments compared to the yield offered in the market.
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Calculating the Fixed Overhead Spending and Volume Variances
Standish Company manufactures consumer products and provided the following information for the month of February:
Units produced 131,000
Standard direct labor hours per unit 0.20
Standard fixed overhead rate (per direct labor hour) $2.50
Budgeted fixed overhead $65,000
Actual fixed overhead costs $68,300
Actual hours worked 26,350
Required:
1. Calculate the fixed overhead spending variance using the formula approach.
$
Favorable
Unfavorable
2. Calculate the volume variance using the formula approach.
$
Favorable
Unfavorable
3. What if 129,600 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be below.
Fixed Overhead Spending Variance $
Favorable
Unfavorable
Volume Variance $
Favorable
Unfavorable
The fixed overhead spending variance is $2,425 unfavorable and the volume variance is $375 unfavorable. If production was lower, the fixed overhead spending variance would remain the same but the volume variance would increase to $1,075 unfavorable.
1. To calculate the fixed overhead spending variance, we can use the formula approach:
Fixed Overhead Spending Variance = Actual Fixed Overhead Costs - (Standard Fixed Overhead Rate × Actual Hours Worked)
Fixed Overhead Spending Variance = $68,300 - ($2.50 × 26,350) = $68,300 - $65,875 = $2,425 (Unfavorable)
2. To calculate the volume variance, we can use the formula approach:
Volume Variance = (Standard Fixed Overhead Rate × Standard Hours Allowed) - (Standard Fixed Overhead Rate × Actual Hours Worked)
Standard Hours Allowed = Units Produced × Standard Direct Labor Hours per Unit = 131,000 × 0.20 = 26,200
Volume Variance = ($2.50 × 26,200) - ($2.50 × 26,350) = $65,500 - $65,875 = $375 (Unfavorable)
3. If 129,600 units had actually been produced in February instead of 131,000, the impact on the variances would be as follows:
Fixed Overhead Spending Variance:
Fixed Overhead Spending Variance = Actual Fixed Overhead Costs - (Standard Fixed Overhead Rate × Actual Hours Worked)
Fixed Overhead Spending Variance = $68,300 - ($2.50 × 26,350) = $68,300 - $65,875 = $2,425 (Unfavorable) (No change)
Volume Variance:
Standard Hours Allowed = Units Produced × Standard Direct Labor Hours per Unit = 129,600 × 0.20 = 25,920
Volume Variance = ($2.50 × 25,920) - ($2.50 × 26,350) = $64,800 - $65,875 = $1,075 (Unfavorable)
In conclusion, based on the given data, the fixed overhead spending variance is $2,425 unfavorable, indicating that the actual fixed overhead costs exceeded the expected amount. The volume variance is $375 unfavorable, suggesting that the actual hours worked deviated slightly from the standard hours allowed.
If 129,600 units had been produced instead of 131,000, the fixed overhead spending variance would remain the same at $2,425 unfavorable, while the volume variance would increase to $1,075 unfavorable.
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Do you agree or disagree to the following paragraph? explain why?
When the framers first wrote the Constitution, their ideal was to build a government that was different from the one-man-ruled King tyrannical structure of England that the people of the United States had been subjected to for many years. The goal was that no one singular power would be in existence for their citizens. This was not an easy task for the framers and through the failure of the Articles of Confederation, the Great Compromise and Bicameralism were introduced, hence the House and Senate were born. I do believe that it was and is necessary for our government process to be set up as it was. It allows for checks and balances or accounting from one branch of government to another. It essentially means that all branches have to be on the same page for issues, agendas, and laws to go forward. Sometimes this takes great compromise from all branches. It is a balancing of the issue for the greater good of the American people. Filter or moderate no one man or group has ultimate power or authority to govern alone.
The paragraph expresses the view that the government structure established by the framers of the United States Constitution, with its system of checks and balances, is necessary and beneficial.
The author believes that the framers' goal was to create a government different from the tyrannical structure of the English monarchy. The introduction of the Great Compromise and the bicameral legislature (House and Senate) was seen as a response to the failures of the Articles of Confederation. The author argues that the system of checks and balances ensures that no single branch or individual has ultimate power, and decisions require compromise and collaboration between branches for the greater good of the American people.
The validity of this viewpoint depends on individual perspectives. Supporters of the checks and balances system often argue that it helps prevent the concentration of power, promotes accountability, and encourages a broader representation of interests in decision-making. Critics, on the other hand, may argue that it can lead to gridlock, slow decision-making processes, and an inability to address urgent issues.
It's important to note that the interpretation of the Constitution and the effectiveness of its design are ongoing topics of debate, and various viewpoints exist on the matter.
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1.Does the following statement describe a point above, below, or on the production possibilities frontier (PPF) curve for peanut butter and bread? Select the best answer.
Candice wants to make peanut butter sandwiches for her son's soccer team, but she only has enough bread for half of them.
2.John always wanted a red sports car. Unfortunately, he lived in a depressed region with few job opportunities and a high unemployment rate. Despite everything, John’s dream was so strong that he established a company, which became a Fortune 500 member in several years. Now, the company employs more than one hundred thousand people in his region alone, and John owns five sports cars. Unemployment decreased tremendously, and the region is safe and prosperous. Thanks to John’s personal dream, the region is no longer depressed
The terms "production possibilities frontier" and "PPF" are not applicable in the context of this statement.
The statement "Candice wants to make peanut butter sandwiches for her son's soccer team, but she only has enough bread for half of them" describes a point below the production possibilities frontier (PPF) curve for peanut butter and bread. The PPF represents the maximum combination of two goods that can be produced given the available resources and technology. In this case, the limited amount of bread prevents Candice from producing as many peanut butter sandwiches as she wants, indicating that she is operating below the PPF. The statement describes how John's personal dream of owning a red sports car led him to establish a successful company, which ultimately transformed the region from a depressed state to a safe and prosperous one. This statement does not directly relate to the production possibilities frontier (PPF), which is a graph that shows the various combinations of two goods that can be produced given available resources and technology.
Therefore, the terms "production possibilities frontier" and "PPF" are not applicable in the context of this statement.
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A monopolist produces both Good A and Good B. There are two types of consumers. Enthusiasts are willing to pay 10 for Good A and 7 for Good B. Marginahs are willing to pay 1 for Good A and 6 for Good B. There are 10 of each type of consumer. The monopolist has a choice between bunding the two goods together, or pricing them individually O a. The Willingness to pay is NOT negatively correlated, and the firm should price items individually. O b. The Willingness to pay is negatively correlated, and the firm should bundle. O c. The Willingness to pay is NOT negatively correlated, and the firm should bundle. Od. The Willingness to pay is negatively correlated, and the firm should price items individually.
The monopolist should bundle Goods A and B together as the willingness to pay is not negatively correlated.
The monopolist's decision on whether to bundle Goods A and B or price them individually depends on the correlation between consumers' willingness to pay for the two goods. In this case, enthusiasts are willing to pay more for Good A than Good B, while margins are willing to pay more for Good B than Good A. Since the willingness to pay is not negatively correlated, the monopolist should bundle the goods together. By bundling, the monopolist can capture the higher willingness to pay for both goods from both types of consumers, maximizing their profits.
If the willingness to pay were negatively correlated, it would be more beneficial for the monopolist to price the goods individually, targeting each consumer type separately.
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which of the following is not a mechanism to manage
international political risk?
1.expropration
2.insurance
3.localization
4. partnerships
Expropriation is not a mechanism to manage international political risk, but rather a risk itself. Expropriation refers to the government's seizure of private property without adequate compensation, which can be a significant risk for foreign investors in certain countries.
On the other hand, insurance, localization, and partnerships are all mechanisms that can be used to manage international political risk. Insurance can help protect against a variety of risks, including political violence, currency fluctuations, and business disruption. Localization involves adapting business strategies and operations to the local market and culture, which can reduce political risk by building stronger relationships with local stakeholders. Partnerships with local companies or organizations can also mitigate political risk by providing deeper knowledge of the local market and political environment, as well as access to influential networks and resources.
In summary, while expropriation is not a mechanism to manage international political risk, there are several other approaches that businesses can use to mitigate these risks. It is important for companies operating in foreign markets to carefully evaluate potential political risks and implement strategies to manage them effectively.
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A Company's data are: Selling price per unit $120 . Variable cost per unit $50 • Fixed cost of operations per year $210 000 What is the break-even point in units? O a. 1 235 O b. 1750 O c. 4 200 C. O d. 3 000
The break-even point in units is option D, 3,000 units. The break-even point is the level of sales where total revenue equals total costs, resulting in zero profit.
To calculate the break-even point in units, we can use the following formula:
Break-even point (units) = Fixed costs / Contribution margin per unit
Where contribution margin per unit = Selling price per unit - Variable cost per unit
Applying the values given in the problem, we get:
Contribution margin per unit = $120 - $50 = $70
Break-even point (units) = $210,000 / $70 = 3,000 units
Therefore, the break-even point in units is option D, 3,000 units.
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rior to recording its closing entries, a company has the following accounts and account balances at the end of its first year: accounts payable, $3,000 cash, $19,000 common stock, not given dividends, $1,000 expenses, $14,000 notes payable, $4,000 prepaid insurance, $3,000 revenues, $23,000 what is the balance of its common stock account at the end of the first year?
The balance of the common stock account at the end of the first year is given as $19,000.
The balance of the common stock account at the end of the first year can be calculated by subtracting the total liabilities and retained earnings from the total assets.
Total assets = Cash + Accounts Receivable + Prepaid Insurance + Other Assets
Total liabilities = Accounts Payable + Notes Payable
Total equity = Common Stock + Retained Earnings
Given:
Accounts Payable = $3,000
Cash = $19,000
Common Stock (not given dividends) = $19,000
Expenses = $1,000
Notes Payable = $14,000
Prepaid Insurance = $4,000
Revenues = $23,000
Total assets = $19,000 + $4,000 + Other Assets (not provided)
Total liabilities = $3,000 + $14,000 = $17,000
Total equity = Total assets - Total liabilities
Total equity = ($19,000 + $4,000 + Other Assets) - $17,000
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Lauren plans to deposit $9000 into a bank account at the beginning of next month and $250/month into the same account at the end of that month and at the end of each subsequent month for the next 5 years. If her bank pays interest at a rate of 4%/year compounded monthly, how much will Lauren have in her account at the end of 5 years? (Assume she makes no withdrawals during the 5-year period. Round your answer to the nearest cent.)
Lauren plans to deposit $9000 at the beginning of next month and $250/month for the next 5 years into a bank account. With a 4% annual interest rate compounded monthly, she will have approximately $16,643.91 in her account at the end of the 5-year period.
To calculate how much Lauren will have in her account at the end of 5 years, we can use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
Where:
FV = Future value
P = Monthly deposit amount
r = Monthly interest rate
n = Number of months
Given:
P = $250
r = 4% / 12 = 0.3333% (monthly interest rate)
n = 5 years * 12 months/year = 60 months
Plugging in these values into the formula, we get:
FV = $250 * [(1 + 0.003333)^60 - 1] / 0.003333
Calculating this expression, we find:
FV ≈ $16,643.91
Therefore, at the end of 5 years, Lauren will have approximately $16,643.91 in her account.
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Which role of the Vendor Business Partner has integration with the Reconciliation Account in Financial Accounting?BP Grouping
Supplier Role
General BP Role
FI Vendor Role
The role of the Vendor Business Partner that has integration with the Reconciliation Account in Financial Accounting is the FI Vendor Role.
In SAP Financial Accounting (FI), the FI Vendor Role is responsible for managing vendor-related transactions and integrating with the Reconciliation Account. The Reconciliation Account is a general ledger account used to track and reconcile vendor transactions. The FI Vendor Role allows users to perform vendor-related activities such as creating and maintaining vendor master data, processing vendor invoices, managing payments, and generating financial reports. This role ensures that vendor transactions are accurately recorded and reconciled in the financial statements.
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Using the information provided below, construct a simple WBS for the project. Project Outline-Remodeling an Appliance I.Research Phase A. Prepare product development proposal 1. Conduct competitive analysis 2. Review field sales reports 3. Conduct technological capabilities assessment B. Develop focus group data C. Conduct telephone surveys D. Identify relevant specification improvements II. Design and Engineering Phase A. Interface with marketing staff B. And so on III. Testing Phase IV. Manufacturing Phase V. Sales Phase
This phase is responsible for manufacturing the product. V. Sales Phase - The final phase in the development of a new appliance is the sales phase. This phase is responsible for marketing and selling the product. The WBS for Remodeling an Appliance includes the above mentioned phases and their respective tasks that help to structure the project work into smaller, more manageable pieces.
Work Breakdown Structure (WBS) is a technique used to organize the deliverables of a project into manageable pieces. A WBS helps to structure the project work into smaller, more manageable pieces. It is a tree-like structure that is broken down into smaller work units. Each work unit is a deliverable that can be monitored and evaluated. The WBS is used to assign tasks to team members and to track progress towards completion. The WBS is a useful tool for project managers to ensure that their projects are on track and that they are meeting their objectives.
WBS for Remodeling an Appliance:
I. Research Phase - The first phase in the development of a new appliance is the research phase. This phase is responsible for researching the product's market, competitors, and technological capabilities.
A. Prepare product development proposal - This phase is responsible for developing a product proposal that will outline the product's features, benefits, and target market.
Conduct competitive analysis - This step includes gathering information on the competitors' products, pricing, and marketing strategies.
Review field sales reports - This step includes analyzing the field sales reports to determine the market demand for the product.
Conduct technological capabilities assessment - This step includes assessing the technological capabilities of the product.
B. Develop focus group data - In this phase, the product's focus group data is developed.
C. Conduct telephone surveys - This step involves conducting telephone surveys to gather information from potential customers about their needs and preferences.
D. Identify relevant specification improvements - This step includes identifying areas where the product specifications can be improved.
II. Design and Engineering Phase - The second phase in the development of a new appliance is the design and engineering phase. This phase is responsible for designing the product's features, functions, and specifications.
A. Interface with marketing staff - This phase includes interfacing with the marketing staff to ensure that the product design is consistent with the marketing strategy.
B. Develop product specifications - In this phase, the product specifications are developed.
III. Testing Phase - The third phase in the development of a new appliance is the testing phase. This phase is responsible for testing the product's features, functions, and specifications.
IV. Manufacturing Phase - The fourth phase in the development of a new appliance is the manufacturing phase. This phase is responsible for manufacturing the product.
V. Sales Phase - The final phase in the development of a new appliance is the sales phase. This phase is responsible for marketing and selling the product.
The WBS for Remodeling an Appliance includes the above mentioned phases and their respective tasks that help to structure the project work into smaller, more manageable pieces.
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You and an appraiser colleague are discussing the value of a duplex located in an area that is experiencing rising demand for mid-rise condominiums. Your friend argues that the sale prices condominiums is irrelevant, because you need to focus on what is, not what could be. Which principle is your friend ignoring in this case? (1) Principle of conformity (2) Principle of substitution (3) Highest and best use principle (4) Principle of consistent use Which of the following is a type of fee timesharing? (1) Interval ownership (2) Leasehold interest (3) Vacation license (4) Club membership 18. 19. What form of ownership is a combination of fee simple of a defined space and tenancy in common of shared areas? (1) Leasehold (2) Easement (3) Condominium (4) Timesharing
Your friend is ignoring the 2. principle of substitution in this case. The principle of substitution states that a buyer will not pay more for a property if they can purchase a similar property for less money.
What does it entail?In this scenario, your friend is disregarding the sale prices of condominiums, which are similar to the duplex in question.
By not considering the sale prices of similar properties, your friend is not taking into account the principle of substitution.
Regarding the type of fee timesharing, 1. interval ownership is a type of fee timesharing.
Lastly, a combination of fee simple of a defined space and tenancy in common of shared areas is known as a 3. condominium.
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Tano Company issues bonds with a par value of $88,000 on January 1.2019. The bonds annual contract rate is 10%0 arid interestis paid semannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are 501d for $83,676. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by enterinc your answers in the tabs below. What is the amount of the discount on these bonds at issuance?
Amount of the discount on bonds at issuance = $88,000 - $83,676Amount of the discount on bonds at issuance = $4,324Therefore, the amount of discount on these bonds at issuance is $4,324.
The amount of discount on these bonds at issuance is $4,324. Bonds Payable = Face value of the bonds. (Par value of the bonds)Annual market rate = 12%Total amount of cash received from the issuance of bonds = $83,676The annual contract rate of bonds = 10%Par value of bonds = $88,000The difference between the face value of bonds and the proceeds from the sale of bonds is considered as a discount on the issuance of bonds. Therefore, the amount of discount on these bonds at issuance is calculated below: Amount of the discount on bonds at issuance = Face value of bonds - Proceeds from the sale of bonds.
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Which statement is true for gains and losses from foreign currency translations ?
a. They do not affect cash and are excluded from the cash flow statement
b. They are included in cash flows from financing activities
c. They are included in cash flows from operating activities
d. They are included in cash flows from investing activities
e. They are included in cash flows from both investing and financing activities
f. They are included in the cash flow statement as a miscellaneous adjustment
The correct statement is:
a. They do not affect cash and are excluded from the cash flow statement.
Gains and losses from foreign currency translations are not considered cash flows and do not impact the cash flow statement. These gains and losses result from the fluctuations in exchange rates when translating financial statements from one currency to another.
They are classified as non-cash items and are typically reported as a separate line item within comprehensive income or equity on the financial statements. Since they do not involve actual inflows or outflows of cash, they are not included in any specific section of the cash flow statement, such as operating activities, investing activities, or financing activities.
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A contractor has signed EPSA contract with NOC on offshore oil field that produces 11,000 bbl / d of with a 10 % Royalty , 30 % recovery cost , and 25 % tax Calculate the profit split in the agreement government take in terms of barrels of oil equal to the contractor ?
in terms of barrels of oil, the contractor's share is 4,950 barrels per day, and the government's share is 6,050 barrels per day.
To calculate the profit split between the contractor and the government in terms of barrels of oil, we need to consider the various components of the agreement: royalty, recovery cost, and tax.
Royalty:
The royalty is typically calculated as a percentage of the total oil produced. In this case, the royalty is 10% of the daily oil production, which is 11,000 barrels per day.
Royalty = 10% of 11,000 = 1,100 barrels per day
Recovery Cost:
The recovery cost represents the expenses incurred by the contractor to recover the oil. It is usually calculated as a percentage of the total oil produced. In this case, the recovery cost is 30% of the daily oil production.
Recovery Cost = 30% of 11,000 = 3,300 barrels per day
Tax:
The tax is typically calculated as a percentage of the profit after deducting the royalty and recovery cost. In this case, the tax is 25% of the remaining profit.
Profit after Royalty and Recovery Cost = Total Oil Production - Royalty - Recovery Cost
Profit after Royalty and Recovery Cost = 11,000 - 1,100 - 3,300 = 6,600 barrels per day
Tax = 25% of 6,600 = 1,650 barrels per day
Contractor's Share:
To calculate the contractor's share, we subtract the royalty, recovery cost, and tax from the total oil production.
Contractor's Share = Total Oil Production - Royalty - Recovery Cost - Tax
Contractor's Share = 11,000 - 1,100 - 3,300 - 1,650 = 4,950 barrels per day
Government's Share:
The government's share is equal to the sum of the royalty, recovery cost, and tax.
Government's Share = Royalty + Recovery Cost + Tax
Government's Share = 1,100 + 3,300 + 1,650 = 6,050 barrels per day
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Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The "real" loan rate is 3%, with inflation rates of 3%, 4%, and 5% for years 1, 2, 3, respectively. What is the loan payments at the beginning of the second year? a. 453.823 b. 354,420 c. 203,230 d. 420,230 e. None of the given answers
The loan payments at the beginning of the second year is $2,895.54. So, none of the given answers are right.are
The payment of a loan depends on the loan amount, interest rate, and loan term. In the given scenario, we have a PLAM for $450,000 mortgage with a 30-year term and monthly payments. The "real" loan rate is 3%, with inflation rates of 3%, 4%, and 5% for years 1, 2, 3, respectively. We need to calculate the loan payments at the beginning of the second year. The loan rate is real, i.e., the loan rate is adjusted to account for inflation. Therefore, we need to calculate the nominal interest rate.
The nominal interest rate for year 1 is: Nominal interest rate for year 1 = Real interest rate + Inflation rate for year 1= 3% + 3%= 6%
The nominal interest rate for year 2 is:Nominal interest rate for year 2 = Real interest rate + Inflation rate for year 2= 3% + 4%= 7%
The nominal interest rate for year 3 is:Nominal interest rate for year 3 = Real interest rate + Inflation rate for year 3= 3% + 5%= 8%
Hence, the nominal interest rates for years 1, 2, 3, respectively, are 6%, 7%, and 8%.The number of payments over the loan term is 30 years × 12 months/year = 360 monthly payments.The loan payments at the beginning of the second year is calculated using the PMT function. The formula for the loan payment (PMT) is:PMT = (P × r) / (1 - (1 + r) -n)Here,P = principal or the loan amountr = interest rate per periodn = number of paymentsWe need to find the loan payments at the beginning of the second year.
Therefore, the number of payments is 29 years × 12 months/year + 1 month = 349 monthly payments.The nominal interest rate for year 2 is 7%. The monthly interest rate is r = 7% / 12 = 0.00583.The loan amount is $450,000.The loan payments at the beginning of the second year is:PMT = (P × r) / (1 - (1 + r) -n)PMT = ($450,000 × 0.00583) / (1 - (1 + 0.00583) -349)PMT = $2,895.54Therefore, the loan payments at the beginning of the second year is $2,895.54. Answer: None of the given answers.
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Suppose currently Samsung's common stock is selling for $230.The company announced that it will give $2.89 dividend next year and it plans to grow the dividend by 3% every year,Given the information what is the market's required rate of return for the stock?(Round your answer to two decimalpoints)
Based on the given information, the market's required rate of return for Samsung's stock would be approximately 4.30%.
To Calculate the expected dividend for the next year:
Future dividend = Current dividend × (1 + Growth rate)
Future dividend = $2.89 × (1 + 3%) = $2.9767
Determine the current market price of the stock:
Current market price = $230
To calculate the required rate of return, apply the DDM formula
Current market price = Future dividend / (Required rate of return - Growth rate)
$230 = $2.9767 / (Required rate of return - 3%)
Rearranging the formula:
Required rate of return - 3% = $2.9767 / $230
Required rate of return - 3% = 0.012953
Required rate of return = 0.012953 + 3%
Required rate of return = 0.042953 or 4.30%
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Discuss the limitations of fiscal policy during a recession.
What fiscal policy has been used during previous recessionary periods?
How does the fiscal policy during the COVID-19 recession differ from normal recessions? Provide a minimum of 2 forms of difference.
The COVID-19 recession has required governments to implement fiscal policy measures of an unprecedented scale and specificity to address the unique challenges posed by the pandemic and the resulting economic downturn.
Limitations of Fiscal Policy During a Recession: a) Time Lags: Implementing fiscal policy measures takes time, and during a recession, quick action is often required. There can be delays in passing legislation, allocating funds, and implementing policies, which can hinder the timely impact of fiscal measures on the economy.
b) Political Constraints: Fiscal policy decisions are subject to political processes and debates, which can result in delays, disagreements, or compromises that may weaken the effectiveness or scope of policy responses during a recession.
c) Effectiveness of Automatic Stabilizers: Automatic stabilizers, such as progressive tax systems and unemployment benefits, can provide some economic stabilization during a recession. However, their effectiveness may be limited in severe recessions when the scale of the economic downturn surpasses the capacity of these automatic stabilizers.
d) Debt and Deficit Concerns: Expansive fiscal policy during a recession often involves increased government spending or tax cuts, which can lead to higher government debt and deficits. Concerns about the sustainability of debt levels can limit the extent to which fiscal policy measures are pursued, especially in economies with already high levels of debt.
e) Crowding Out: Increased government borrowing to finance fiscal measures during a recession can lead to higher interest rates and crowding out private investment, potentially limiting the positive impact of fiscal policy on economic activity.
Fiscal Policy During Previous Recessions:
During previous recessionary periods, governments have implemented various fiscal policy measures to stimulate the economy. These measures include:
a) Increased Government Spending: Governments increase spending on infrastructure projects, public works programs, and social welfare programs to boost aggregate demand.
b) Tax Cuts: Governments may reduce taxes to stimulate consumer spending and business investment.
c) Expansionary Monetary Policy Coordination: Fiscal policy measures are often implemented in conjunction with expansionary monetary policy, such as reducing interest rates and increasing money supply, to further stimulate economic activity.
Differences in Fiscal Policy During the COVID-19 Recession:
a) Unprecedented Scale of Fiscal Measures: The fiscal policy response to the COVID-19 recession has been on an unprecedented scale, with governments implementing massive stimulus packages to address the widespread economic impact of the pandemic. The fiscal measures have involved significant increases in government spending, direct cash transfers, and wage subsidy programs.
b) Targeted Support for Specific Sectors: Due to the unique nature of the COVID-19 recession, fiscal policy has included targeted support for sectors most affected by lockdown measures, such as tourism, hospitality, and aviation. Specific grants, loans, and industry-specific programs have been implemented to address the challenges faced by these sectors.
c) Enhanced Unemployment Benefits: In response to the large-scale job losses during the COVID-19 recession, many countries have enhanced unemployment benefit programs to provide income support to affected individuals. The expansion of eligibility criteria and increased benefit amounts have been notable features of fiscal policy responses to the pandemic.
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Predetermined Overhead Rates (LO 6-4) Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total 1,250 7,000 250 Machine-hours Direct labor-hours . .. Direct labor costs Manufacturing overhead costs.. 5,000 175,000 $288,750 Total costs. Required Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs
The predetermined overhead rate using direct labor-hours to allocate overhead costs is approximately $21.21 per direct labor-hour.
To compute the predetermined overhead rate using direct labor-hours as the allocation base, we need the following information:
Direct labor-hours: The total direct labor-hours for the production of both the Basic and Dominator cabinets.
Manufacturing overhead costs: The total manufacturing overhead costs incurred during the period.
From the provided data, we have:
Direct labor-hours:
Basic: 1,250 direct labor-hours
Dominator: 7,000 direct labor-hours
Manufacturing overhead costs: $175,000
To calculate the predetermined overhead rate:
Add up the direct labor-hours for both products:
Total direct labor-hours = Direct labor-hours for Basic + Direct labor-hours for Dominator
Calculate the predetermined overhead rate:
Predetermined Overhead Rate = Manufacturing overhead costs / Total direct labor-hours
Using the given data, we can perform the calculations:
Total direct labor-hours = 1,250 direct labor-hours (Basic) + 7,000 direct labor-hours (Dominator) = 8,250 direct labor-hours
Predetermined Overhead Rate = $175,000 / 8,250 direct labor-hours
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Terry Wade, the new controller of Riverbed Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Accumulated Useful life (in Years) Date Depreciation Salvage Value Type of Asset Acquired Cost Jan. 1, 2022 Old Proposed Building Jan. 1, 2016 $810,000 40 50 Warehouse Jan. 1, 2017 116,000 25 20 $115,950 22,360 Old $37,000 4,200 Proposed $73,650 27,640 All assets are depreciated by the straight-line method. Riverbed Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The "Proposed" useful life is total life, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2022. Building Warehouse Revised annual depreciation (b). Prepare the entry to record depreciation on the building in 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31
To compute the revised annual depreciation on each asset in 2022, we need to use the information provided in Riverbed Company . Here are the calculations:
a) Revised annual depreciation:
For the building:
Acquired Cost = $810,000
Useful life (revised) = 40 years
Depreciation = Acquired Cost / Useful life (revised)
Depreciation = $810,000 / 40 = $20,250 per year
For the warehouse:
Acquired Cost = $116,000
Useful life (revised) = 25 years
Depreciation = Acquired Cost / Useful life (revised)
Depreciation = $116,000 / 25 = $4,640 per year
b) The entry to record depreciation on the building in 2022 would be as follows:
Date Account Titles and Explanation Debit Credit
December 31 Depreciation Expense (Building) $20,250
Accumulated Depreciation (Building) $20,250
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Given the following information on a 30-year fixed-payment fully-amortizing loan, determine the remaining balance that the borrower has after 15 years. Interest Rate: 7% Monthly Payment: $1,200
a $164,402 b $133,507.15
c $180,369 d $13,469
The main answer is: The remaining balance that the borrower has after 15 years is approximately $133,507.15.
To determine the remaining balance after 15 years, we need to calculate the amortization schedule for the loan. The monthly payment of $1,200 and the interest rate of 7% are given.
The formula to calculate the remaining balance of a fully-amortizing loan is as follows:
Remaining Balance = Loan Amount * (1 + r)^n - P * [(1 + r)^n - 1] / r
Where:
Loan Amount = Initial loan amount
r = Monthly interest rate (annual interest rate divided by 12)
n = Total number of payments
P = Monthly payment
In this case, we have a 30-year loan, which corresponds to 360 monthly payments. We can calculate the remaining balance after 15 years by plugging the values into the formula.
Using the formula, we find that the remaining balance after 15 years is approximately $133,507.15.
The explanation above assumes that the loan is a conventional fully-amortizing loan with equal monthly payments over the entire loan term. It does not take into account any additional factors that could affect the loan balance, such as prepayments or changes in the interest rate.
It's important to note that the actual remaining balance may vary depending on the specific terms of the loan and any additional factors or fees involved. Therefore, it's always recommended to consult the loan agreement or contact the lender for an accurate and up-to-date remaining balance.
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Naomi Ltd. (hereinafter the "Company") has developed a new product and began manufacturing it in January 2022
The company estimates that the monthly demand for the product is 250 units .
Below are partial data on total production time in the company as measured Actual ( hours ):
number of units
Manufactured
Total production time -
Hours
1
3.5
4
10.5966
Production costs are as follows :
Raw materials: 111.4 NIS per unit .
Direct work: 75 NIS per working hour .
Indirect costs are charged at a rate of NIS 85 per hour of direct work .
What is the learning rate of the company's employees? (Approximate) - (round to two places after the dot)
a.0.92
b.0.83
c.0.87
d.0.79
e.All other answers are incorrect .
Assume that the learning rate of the company's employees is 94%. What will be (approximately) the average production time per unit in March (the third month of product production)? Note: Answers are given in minutes.
a.115.3 minutes .
b.All other answers are incorrect .
c.107.7 minutes .
d.119.1 minutes
e.112.8 minutes .
Assume that the learning rate of the company's employees is 94%, and also assume that the company has set itself a monthly gross profit target of 25% of sales, and that the company can determine the selling price of the product. What will be the selling price per unit to be determined by the company (approximately) in April (the fourth month of product production)?
a.515 NIS .
b.510 NIS .
c.550 NIS .
d.All other answers are incorrect .
e.520 NIS .
Step 1: The learning rate of the company's employees is approximately 87%.
Step 2: The learning rate can be calculated by dividing the total production time of the first unit by the total production time of the last unit and taking the square root of the result. In this case, the total production time for the first unit is 4 hours, and the total production time for the last unit is 10.5966 hours. Taking the square root of the ratio (4/10.5966), we get a learning rate of approximately 0.869 or 87%.
The learning rate indicates the rate at which the employees are improving their production efficiency over time. A higher learning rate suggests a faster rate of improvement. In this case, the employees of Naomi Ltd. are improving their production efficiency by approximately 87% with each doubling of the cumulative output. This means that as the company produces more units, the total production time per unit decreases by 13% on average.
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The name of a company often gives a good clue about the form it takes. Find the names of eight businesses in your community and try to guess their shape.
The names of businesses often reflect their core offerings and values. Examples include Apple's focus on technology, Walmart's emphasis on affordability, Coca-Cola's beverage production, Nike's sports-related products, and Starbucks' coffee chain.
The form that a business takes is usually conveyed by its name. The names of eight companies in the community and their shapes are discussed below: Example 1: Apple Inc.- Apple is an American multinational technology corporation that specializes in the production of electronic devices such as smartphones, computers, and tablets. The company's logo is an apple with a bite taken out of it.
Example 2: Walmart Inc.- Walmart is a retail corporation that specializes in the sale of a variety of items such as groceries, clothing, and home goods. Walmart has a unique tagline that says "Save money, live better".Example 3: Coca-Cola Company - The Coca-Cola Company is a beverage manufacturer that specializes in the production of carbonated soft drinks. The company is known for its iconic red and white logo.
Example 4: Nike, Inc.- Nike is a corporation that specializes in the production of sports shoes, clothing, and equipment. The company's logo is the swoosh symbol, which is recognized worldwide. Example 5: Starbucks Corporation - Starbucks is a coffee chain that specializes in the sale of coffee beverages, pastries, and sandwiches. The Starbucks logo is a green mermaid with long hair.
Example 6: General Motors Company - General Motors is an automotive corporation that produces automobiles, trucks, and parts. The General Motors logo features the letters G and M in blue and white. Example 7: McDonald's Corporation - McDonald's is a fast-food restaurant chain that is recognized worldwide. The restaurant specializes in the production of hamburgers, fries, and soft drinks. The company's logo is a pair of golden arches that are crossed.
Example 8: Amazon.com, Inc. - Amazon is an American multinational technology corporation that specializes in e-commerce, cloud computing, and artificial intelligence. The company's logo is an arrow that points from A to Z, which suggests that Amazon sells everything.
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A 7-year project is expected to provide annual sales of $217,000 with costs of $97,000. The equipment necessary for the project will cost $355,000 and will be depreciated on a straight-line method over the life of the project. You feel that both sales and costs are accurate to +/-10 percent. The tax rate is 21 percent. What is the annual operating cash flow for the worst-case scenario? Multiple Choice O $58,476 O$80,644 O$68,719 O$47,367 $117,167
The annual operating cash flow for the worst-case scenario is approximately $80,435 (Option B).
To calculate the annual operating cash flow for the worst-case scenario, we need to consider the lowest possible sales and the highest possible costs based on the given accuracy range of +/-10 percent.
Tales for the worst-case scenario can be calculated as 90% of the expected annual sales:
Sales (Worst-case) = $217,000 * 0.9 = $195,300
Costs for the worst-case scenario can be calculated as 110% of the expected annual costs:
Costs (Worst-case) = $97,000 * 1.1 = $106,700
Next, we need to calculate the annual depreciation expense. Since the equipment necessary for the project costs $355,000 and has a 7-year life, the annual depreciation expense would be:
Depreciation Expense = $355,000 / 7 = $50,714.29
To calculate the taxable income, we subtract the depreciation expense from the difference between sales and costs:
Taxable Income = (Sales - Costs) - Depreciation Expense
Taxable Income = ($195,300 - $106,700) - $50,714.29
Taxable Income = $38,885.71
The annual tax payment can be calculated by multiplying the taxable income by the tax rate of 21%:
Tax Payment = Taxable Income * Tax Rate
Tax Payment = $38,885.71 * 0.21 = $8,165.20
Finally, the annual operating cash flow for the worst-case scenario can be calculated by subtracting the tax payment from the difference between sales and costs:
Annual Operating Cash Flow (Worst-case) = (Sales - Costs) - Tax Payment
Annual Operating Cash Flow (Worst-case) = ($195,300 - $106,700) - $8,165.20
Annual Operating Cash Flow (Worst-case) = $80,434.80
Therefore, the annual operating cash flow for the worst-case scenario is approximately **$80,435** (Option B).
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Bellevue City’s printing shop had the following trial balance on January 1, 20X2:
Debit Credit
Cash $ 24,600 Due from Other Funds 15,600 Inventory of Supplies 9,800 Furniture & Equipment 260,000 Accumulated Depreciation $ 50,000 Vouchers Payable 12,000 Net Assets: Invested in Capital Assets (no related debt) 210,000 Unrestricted 38,000 Total $ 310,000 $ 310,000 Additional Information for 20X2
During 20X2, the printing shop acquired supplies for $96,000, furniture for $1,500, and a copier for $3,200.
Printing jobs billed to other funds amounted to $292,000; cash received from other funds, $287,300; costs of printing jobs, $204,000, including $84,000 of supplies; operating expenses, $38,000, including $8,400 of supplies; depreciation expense, $23,000; and vouchers paid, $243,000.
Required:
a. Prepare entries for the printing shop for 20X2, including closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
ARecord the acquisitions of supplies, furniture, and office equipment.
BRecord the billings for jobs completed.
CRecord the collections on billings.
DRecord the costs of printing jobs.
prepare entries for A-D
Closing Entries reset the revenue and expense accounts to zero for the following accounting period and transfer the revenue and expense amounts to the relevant net assets accounts.
a. Recording the acquisitions of supplies, furniture, and office equipment:
1. Supplies Acquisition:
Date: 20X2
Account Title Debit Credit
Inventory of Supplies $96,000
Cash or Accounts Payable $96,000
2. Furniture Acquisition:
Date: 20X2
Account Title Debit Credit
Furniture & Equipment $1,500
Cash or Accounts Payable $1,500
3. Office Equipment Acquisition (Copier):
Date: 20X2
Account Title Debit Credit
Furniture & Equipment $3,200
Cash or Accounts Payable $3,200
b. Recording the billings for jobs completed:
Date: 20X2
Account Title Debit Credit
Due from Other Funds $292,000
Printing Revenue $292,000
c. Recording the collections on billings:
Date: 20X2
Account Title Debit Credit
Cash $287,300
Due from Other Funds $287,300
d. Recording the costs of printing jobs:
Date: 20X2
Account Title Debit Credit
Printing Expense $204,000
Inventory of Supplies $84,000
Cash or Accounts Payable $120,000
Note: The cost of printing jobs includes $84,000 of supplies used for the printing.
Closing Entries:
To close the revenue and expense accounts at the end of 20X2, we transfer their balances to the Net Assets accounts.
Closing Entry for Printing Revenue:
Date: December 31, 20X2
Account Title Debit Credit
Printing Revenue $292,000
Unrestricted Net Assets $292,000
Closing Entry for Printing Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $204,000
Printing Expense $204,000
Closing Entry for Supplies Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $84,000
Supplies Expense $84,000
Closing Entry for Operating Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $38,000
Operating Expense $38,000
Closing Entry for Depreciation Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $23,000
Accumulated Depreciation $23,000
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a. Unit trust is considered a popular and convenient forms of investment especially for low risk investors.
i. Discuss how an Islamic unit trust is essentially different from a conventional unit trust.
ii. Briefly explain the five (5) aspects that an Islamic unit trust fund managers need to address to ensure the Shariah-compliant status of their Islamic unit trust fund.
b. Briefly discuss the debate surrounding the validity of short-selling and the decision of
the Shariah Advisory Council (SAC) of Securities Commission (SC) to allow short-selling
in Malaysia.
a. i. An Islamic unit trust, also known as a Shariah-compliant unit trust, operates under the principles of Islamic finance. It differs from a conventional unit trust in several ways:
The Shariah Advisory Council (SAC) of the Securities Commission (SC) in Malaysia made the decision to allow short-selling after careful consideration of the principles of Islamic finance. The SAC determined that short-selling can be permissible if it meets certain conditions, such as ensuring that the transaction involves actual assets, not merely speculative contracts, and that it does not lead to unfair practices or market manipulation. The decision to allow short-selling in Malaysia reflects the evolving nature of Islamic finance and the efforts to adapt to modern financial practices while maintaining adherence to Shariah principles.
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