An increase in the cost of producing a good or service will cause a leftward shift of the supply curve -True.
When the cost of producing a good or service increases, it becomes less profitable for suppliers to produce it. As a result, they may reduce the quantity supplied at each price level. This causes a leftward shift of the supply curve, indicating a decrease in supply.
The following statements are true. The information provided states that an American worker can produce either 90 shirts or 2 computers in a week, while a Chinese worker can produce either 90 shirts or 1 computer. Comparing these two scenarios, we can conclude that the Chinese worker is more productive in terms of computer production.
Remember, it's important to note that these statements are based on the given information and may vary in real-world situations.
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What is the principal that will grow to $4700 in three years, four months at 8.9% compounded semi-annually?
The principal is $
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
The principal that will grow to $4700 in three years, four months at 8.9% compounded semi-annually is $3457.97. To find the principal, we can use the formula:[tex]P = A / (1+r/n)^(nt)[/tex] where P is the principal, A is the amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.
To use this formula, we need to first find the amount A. We know that the amount after three years and four months is $4700, so we need to convert this time period to years.3 years and 4 months is equivalent to 3 + 4/12 = 3.33 years.
Now we can plug in the values we have
:P = [tex]A / (1+0.089/2)^(2*3.33)[/tex]where r = 8.9%, n = 2 (since the interest is compounded semi-annually), and t = 3.33 years.Simplifying this expression, we get:
P = A / (1.0445)^6.66
Multiplying both sides by [tex](1.0445)^(6.66)[/tex], we get: A = [tex]P * (1.0445)^(6.66)[/tex]. Now we can plug in the value of A that we know ($4700) and solve for P:
$4700 = [tex]P * (1.0445)^(6.66)[/tex]
P is $3457.97 (rounded to the nearest cent)
Therefore, the principal that will grow to $4700 in three years, four months at 8.9% compounded semi-annually is $3457.97.
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Which strategy for entering new country markets do you recommend for Walmart? Direct investment Export Walmart's Good Value store brand to local market retailers Acquisition of existing business Licensing of the Walmart retail brand The leadership team asks you to diagnose the aspects of the international environment with which it Targeting countries with minimal government controls on international trade Assessing the attractiveness of the economic systems of the respective country markets Understanding the cultural environments in the respective country markets Targeting countries with government stability
For Walmart, I recommend the strategy of direct investment as the best approach for entering new country markets.
Direct investment involves establishing their own operations in the target country.
To diagnose the aspects of the international environment, Walmart should consider targeting countries with minimal government controls on international trade. This will facilitate their operations and minimize barriers to entry.Additionally, assessing the attractiveness of the economic systems of the respective country markets is important. Walmart should target countries with stable and growing economies to ensure long-term success.Understanding the cultural environments in the respective country markets is another crucial factor. This will enable Walmart to tailor their products and marketing strategies to local preferences and customs.Lastly, targeting countries with government stability is recommended to mitigate political risks and ensure a favorable business environment for Walmart's operations.Know more about the Walmart
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Which of the following is true at the break- Total sales is equal to total fixed expenses Total sales is equal to total expenses Total sales is equal to total variable expenses Total sales is equal to cost of goods sold None of the above
None of the above statements is true at the break-even point.
Are any of the given statements true at the break-even point?At the break-even point, total sales are equal to total costs, not specifically to total fixed expenses, total expenses, total variable expenses, or cost of goods sold individually.
The break-even point represents the level of sales at which a company neither incurs a profit nor a loss. It is the point where total revenue equals total costs, which include both fixed and variable costs.
Fixed expenses refer to costs that remain constant regardless of the level of sales, while variable expenses vary with the level of production or sales.
Total expenses encompass both fixed and variable costs combined.
Therefore, none of the given statements is true at the break-even point because total sales are not equal to any specific expense category or the cost of goods sold alone. Instead, total sales equal total costs.
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Gain on intercompany transfers of depreciable noncurrent assets O \$117,000 O 120,000 O \( \$ 135,000 \) O\$ 147,000
Answer:
Based on the provided options, the correct answer is:
Gain on intercompany transfers of depreciable noncurrent assets: $135,000
2 / 2
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If no transfer being made, book value of asset in the books of parent company after one year would be = 135000-15000 (Annual depreciation)= $120,000. The correct option is B. The calculation is shown in the attached image.
Book value refers to the value of an asset as recorded on a company's balance sheet. It is calculated by subtracting the accumulated depreciation or amortization from the original cost of the asset. In other words, it represents the net value of an asset after accounting for its depreciation or amortization over time. Book value is often used to assess the financial health of a company and can be compared to the market value of the asset to determine if it is overvalued or undervalued.
Thus, the ideal selection is option B.
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The complete question might be:
Gain on intercompany transfers of depreciable noncurrent assets Assume that a parent company owns a 100% controlling interest in its long-held subsidiary. On January 1, 2013, a parent company sold equipment to the subsidiary for $162,000. The equipment originally cost the parent $180,000, and accumulated depreciation through December 31, 2012 was $45,000. The parent depreciated the equipment assuming a 12-year useful life under the straight-line method and no salvage value. After the transfer, the subsidiary will depreciate the equipment for 9 years with no salvage value. Related to the transferred equipment, what is the net balance that will be reported in the December 31, 2013 consolidated balance sheet?
A. $117,000
B. $120,000
C. $135,000
D. $147,000
166 points skipped eBook Het Ask References Imperial Jewelers manufactures cost for this bracelet is $262.00 Direct materials Direct labor Manufacturing overhead Unit product cost and sells a gold bracelet for $405.00. The company's accounting system says that the unit product as shown below: The members of a wedding party have approached Imperial Jewelers about buying 30 of these gold bracelets for the discounted price of $365.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $4. Imperial Jewelers would also have to buy a special tool for $461 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. $147 80 35 5.262 To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $5.00 of the overhead is variable with respect to the number of bracelets produced. The company also believes that accepting this order would have no effect on its ability to produce and sell jewelry to other customers. Furthermore, the company could fulfill the wedding party's order using its existing manufacturing capacity. Required: 1. What is the financial advantage (disadvantage) of accepting the special order from the wedding party? 2. Should the company accept the special order? Required 1 Complete this question by entering your answers in the tabs below. Required 2 eBook Hint Ask Print References Complete this question by entering your answers in the tabs below. Required 11 Required 2 What is the financial advantage (disadvantage) of accepting the special order from the wedding party?
To determine the financial advantage or disadvantage of accepting the special order from the wedding party, we need to compare the incremental revenues and costs associated with the order.
Incremental Revenues:
The company would sell 30 gold bracelets at a discounted price of $365.00 each, resulting in incremental revenue of:
Incremental Revenue = Number of Bracelets x Price per Bracelet
Incremental Revenue = 30 x $365.00 = $10,950.00
Incremental Costs:
a) Direct Materials Cost:
The special filigree applied to each bracelet would increase the direct materials cost per bracelet by $4. Therefore, the incremental direct materials cost for 30 bracelets would be:
Incremental Direct Materials Cost = Number of Bracelets x Increase in Direct Materials Cost per Bracelet
Incremental Direct Materials Cost = 30 x $4.00 = $120.00
b) Special Tool Cost:
The company would need to purchase a special tool for $461 to apply the filigree to the bracelets. Since the tool would have no other use once the special order is completed, the entire cost of $461 is considered incremental.
c) Variable Manufacturing Overhead:
The company has determined that $5.00 of the overhead is variable with respect to the number of bracelets produced. Therefore, the incremental variable manufacturing overhead for 30 bracelets would be:
Incremental Variable Manufacturing Overhead = Variable Overhead per Bracelet x Number of Bracelets
Incremental Variable Manufacturing Overhead = $5.00 x 30 = $150.00
Total Incremental Cost:
The total incremental cost would be the sum of the incremental direct materials cost, special tool cost, and incremental variable manufacturing overhead:
Total Incremental Cost = Incremental Direct Materials Cost + Special Tool Cost + Incremental Variable Manufacturing Overhead
Total Incremental Cost = $120.00 + $461.00 + $150.00 = $731.00
Financial Advantage/Disadvantage:
The financial advantage or disadvantage can be calculated by subtracting the total incremental cost from the incremental revenue:
Financial Advantage/Disadvantage = Incremental Revenue - Total Incremental Cost
Financial Advantage/Disadvantage = $10,950.00 - $731.00 = $10,219.00
Based on the calculations, the financial advantage of accepting the special order from the wedding party is $10,219.00.
However, this analysis only considers the financial aspect. Other factors such as the company's capacity, impact on existing customers, and long-term business strategy should also be taken into account when making the decision.
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_______refers to governmental action to dispossess a foreign company or investor. Compensation is generally provided, often not in the prompt effective, and adequate manner provided for by international standards A. Confiscation B. Expropriation C. Nationalization D. Internationalization E. Deportation
B.Expropriation
Expropriation refers to governmental action to dispossess a foreign company or investor. In cases of expropriation, compensation is generally provided, although it may not be prompt, effective, or adequate according to international standards. Expropriation typically involves the seizure or transfer of assets or property by the government, often for public use or in the interest of national economic development.
Therefore, option B. Expropriation is the right answer which refers to governmental action to dispossess a foreign company or investor. Compensation is generally provided, often not in the prompt effective, and adequate manner provided for by international standards.
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In "The Estimating Problem" why was the project manager concerned about the estimate that was assigned to the project? Choose all that apply. She felt that the estimating team didn't take the complexity of the project into account when using the three- point estimate She felt that it was too pessimistic She felt that the estimating team didn't take the complexity of the project into account when using analogous estimating She felt that it was too optimistic
She felt that the estimating team didn't take the complexity of the project into account when using the three-point estimate and she felt that it was too pessimistic.
In "The Estimating Problem", the project manager was concerned about the estimate that was assigned to the project because she felt that the estimating team didn't take the complexity of the project into account when using the three-point estimate and she felt that it was too pessimistic. The three-point estimate is a way to arrive at an estimate by using three estimates and a weighted average of those three estimates.
It involves making an optimistic estimate, a pessimistic estimate, and a most likely estimate. The project manager was worried because the three-point estimate was too pessimistic, which would have a negative impact on the project, and because the estimating team didn't take the complexity of the project into account. Therefore, it is essential for the estimating team to take all the aspects into account while estimating the project.
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Defenders of growth say that it is the primary path to raising living standards. O True O False 1.25 pts Question 2 1.25 pts (Last Word) It is expected that by 2050, most nations will have decreasing populations. With the likely decline in the labor force and number of hours of work in the economy, what must occur for real GDP to continue to rise? O Labor productivity must grow faster than the drop in work hours. Consumption spending must grow faster than the drop in work hours. Government spending and tax policy must be altered to stimulate sufficient demand. O Increasing amounts of natural resources must be brought into production.
Defenders of growth say that it is the primary path to raising living standards. O True O False Growth has long been viewed the primary means of raising living standards.
GDP is the most common measure of economic growth, and the average GDP per capita in the United States has increased substantially over time. For real GDP to continue to rise, labor productivity must grow faster than the drop in work hours. Because the amount of hours worked and the amount of workers in an economy are expected to decline as the population ages
it is critical that productivity continues to improve in order to maintain economic growth.However, as people live longer and retire later, they may contribute to the labor force longer than in the past, which may help to counteract the anticipated decline in hours worked. Nevertheless, the fundamental problem remains: if the workforce shrinks, the economy must find ways to increase the productivity of the remaining workers to keep up with demand. Therefore, for real GDP to continue to rise, labor productivity must grow faster than the drop in work hours.
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Please show steps! I have the answers! IceThin Inc. currently pays a annual cash dividend of $4 per share. It is estimated that the company's dividend will grow at a rate of 15% per year for the next 2 years and then at a constant annual rate of 5% thereafter. The company's stock has a beta of 0.8, the risk-free rate is 2% and the market risk premium is 7%. What is the estimated price of the company's stock at the end of year 4? IceThin Inc. currently pays a annual cash dividend of $5 per share. It is estimated that the company's dividend will grow at a rate of 15% per year for the next 3 years and then at a constant annual rate of 6% thereafter. The company's stock has a beta of 0.8, the risk-free rate is 3% and the market risk premium is 8%. What is the estimated price of the company's stock at the end of year 4?
The estimated price of IceThin Inc. stock at the end of year 4 when it pays an annual cash dividend of $4 per share is $221.67., and when it pays an annual cash dividend of $5 per shares, the value is $318.33.
Given that IceThin Inc. currently pays an annual cash dividend of $4 per share. It is estimated that the company's dividend will grow at a rate of 15% per year for the next 2 years and then at a constant annual rate of 5% thereafter. The company's stock has a beta of 0.8, the risk-free rate is 2% and the market risk premium is 7%.
1. To calculate the estimated price of the company's stock at the end of year 4, we will use the constant growth model. P₀ = Div₁ / (r - g), where, P₀ = Price of the stock today, Div₁ = Dividend expected in one year, r = Required rate of return, g = Expected constant growth rate, Dividend for next year, Div₁ = $4 × (1 + 15%) = $4.60 for the next year.
The dividend for the year after next year, Div₂ = $4.60 × (1 + 15%) = $5.29 for the year after next year. Dividend for the year after, Div₃ = $5.29 × (1 + 5%) = $5.55 for year 3 and thereafter. Dividend growth rate in year 4 and thereafter, g = 5%, Required rate of return, r = Risk-free rate + Beta × Market risk premium, r = 2% + 0.8 × 7%r = 7.6%.
Putting the values in the formula, the estimated price of the stock at the end of year 4 will be; P₃ = $5.55 / (7.6% - 5%)P₃ = $221.67. Therefore, the estimated price of the company's stock at the end of year 4 is $221.67.
2, Now, let's calculate the estimated price of the company's stock at the end of year 4 with different values. Given that IceThin Inc. currently pays an annual cash dividend of $5 per share. It is estimated that the company's dividend will grow at a rate of 15% per year for the next 3 years and then at a constant annual rate of 6% thereafter.
The company's stock has a beta of 0.8, the risk-free rate is 3% and the market risk premium is 8%.We need to calculate the estimated price of the company's stock at the end of year 4.
To calculate the estimated price of the company's stock at the end of year 4, we will use the constant growth model. P₀ = Div₁ / (r - g). Where, P₀ = Price of the stock today, Div₁ = Dividend expected in one year, r = Required rate of return, g = Expected constant growth rate.
Dividend for next year, Div₁ = $5 × (1 + 15%) = $5.75 for the next year. The dividend for the year after next year, Div₂ = $5.75 × (1 + 15%) = $6.61 for the year after next year. Dividend for the year after that, Div₃ = $6.61 × (1 + 15%) = $7.59 for year 3.
Dividend growth rate in year 4 and thereafter, g = 6%. Required rate of return, r = Risk-free rate + Beta × Market risk premium, r = 3% + 0.8 × 8%r = 9.4%.
Putting the values in the formula, the estimated price of the stock at the end of year 4 will be; P₃ = $7.59 / (9.4% - 6%)P₃ = $318.33. Therefore, the estimated price of the company's stock at the end of year 4 is $318.33.
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How can a company gain competitive advantage through differentiation? Describe an example of a company differentiates themselves in the marketplace.
A company can gain a competitive advantage through differentiation by offering unique and distinct products, services, or attributes that set them apart from their competitors.
Differentiation allows a company to create perceived value in the minds of consumers, making their offerings more desirable and appealing compared to alternatives in the marketplace.
One example of a company that effectively differentiates itself in the marketplace is Apple Inc. Apple has built a strong brand reputation by consistently delivering innovative and user-friendly products that stand out from the competition. They have successfully differentiated themselves through several key strategies:
Product Design: Apple places a strong emphasis on sleek and aesthetically pleasing product designs. Their devices, such as iPhones, iPads, and MacBooks, are known for their minimalist and elegant appearance, setting them apart from other technology brands.
User Experience: Apple focuses on delivering an exceptional user experience by developing intuitive interfaces and user-friendly features. Their operating systems, such as iOS and macOS, are known for their simplicity and ease of use, creating a positive and seamless experience for consumers.
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1. Define the term performance management and why is it important for an organization to utilize a well-designed system? (4 marks)
Performance management refers to the process of setting goals, evaluating progress, and improving performance within an organization.
It is important for organizations to utilize a well-designed performance management system for several reasons. Firstly, it helps align individual and team goals with organizational objectives, ensuring that everyone is working towards common goals. Secondly, it provides a framework for measuring and assessing performance, allowing organizations to identify areas of strength and areas that need improvement.
Thirdly, it enables managers to provide regular feedback and coaching, supporting employee development and growth. Lastly, a robust performance management system promotes accountability and motivation by establishing clear expectations and recognizing and rewarding high performance.
Overall, a well-designed performance management system contributes to improved organizational performance and employee engagement.
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Consider your role as a democratic business leader and
conceptual decision-maker on the team. How do team roles
and decision-making styles affect teams? Summarize areas where
leadership and team membe
Collaboration and Communication Team roles define the specific responsibilities and tasks assigned to each team member.
Clear role allocation promotes collaboration and ensures that team members understand their individual contributions to the team's goals. Effective communication within the team becomes easier when everyone knows their roles and can effectively coordinate their efforts.Efficiency and Productivity Well-defined roles enable teams to work efficiently by minimizing duplication of efforts and maximizing individual strengths. Each team member focuses on their designated tasks, leading to increased productivity and effective utilization of resources.
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specific usages of finance as a weapon and explain its
effects
Specific usages of finance as a weapon include economic sanctions, currency manipulation, and predatory lending. These tactics can have significant effects such as destabilizing economies, influencing political outcomes, and exerting control over nations or organizations.
Economic sanctions, a common form of financial warfare, involve restricting or cutting off financial transactions with a targeted country. This can lead to severe economic hardships, hindering the target's ability to import goods, access international markets, or receive foreign investments. The intent is to coerce the target into changing its behavior or policies. For example, sanctions imposed on Iran have targeted its oil exports, resulting in economic decline and pressure to negotiate its nuclear program.
Currency manipulation involves artificially altering the value of a nation's currency to gain economic advantages. By devaluing their currency, countries can make their exports cheaper, giving them a competitive edge in global markets. This can harm other countries' industries and trade balances. China has been accused of manipulating its currency, the yuan, to boost its exports and maintain economic dominance.
Predatory lending refers to providing loans to nations or organizations with unfavorable terms or high interest rates, leading to debt dependency. The lender may exploit the borrower's financial vulnerabilities and gain influence or control over their decision-making processes. China's "debt-trap diplomacy" strategy, where it lends large sums to developing countries for infrastructure projects, has raised concerns about potential loss of sovereignty and political influence.
These financial warfare tactics can have far-reaching effects. They can weaken economies, disrupt international trade, foster political instability, and alter global power dynamics. The intended consequences vary depending on the objectives of the actors involved, ranging from economic coercion and regime change to geopolitical advantage and resource control. Nonetheless, the use of finance as a weapon is a complex and controversial practice with significant implications for global affairs.
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Internal audit: comunication of fraud to external
parties?
how about external authors in this case?
In the context of internal audit, the communication of fraud to external parties is typically not the direct responsibility of the internal audit function. The primary role of internal auditors is to provide independent and objective assurance and consulting services to the organization they work for. They primarily focus on assessing and improving internal control systems, risk management processes, and governance frameworks within the organization.
When internal auditors detect or suspect fraudulent activities during their audits, their primary responsibility is to report these findings to the appropriate management or governance structures within the organization. The responsibility for communicating fraud to external parties, such as law enforcement agencies or regulatory authorities, usually rests with management or those designated with legal and compliance responsibilities.
However, internal auditors may have an obligation to report fraud to external parties in certain situations. For example, if there are legal or regulatory requirements mandating such reporting, or if the internal audit function has been given specific instructions by the board of directors or the audit committee to communicate fraud to external parties.
External auditors, on the other hand, have a different role and responsibilities. They are independent auditors appointed by external parties (e.g., shareholders, regulatory bodies) to examine and provide an opinion on the financial statements of an organization. If external auditors come across evidence or indications of fraud during their audit procedures, they have a responsibility to communicate those findings to management, the audit committee, and possibly external parties as required by professional auditing standards and legal obligations.
In summary, while internal auditors play a vital role in detecting and reporting fraud within an organization, the communication of fraud to external parties is typically the responsibility of management, legal counsel, or designated individuals within the organization. External auditors may also have a duty to report fraud as part of their audit procedures.
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In the context of internal audit, the communication of fraud to external parties is generally not the responsibility of the internal audit function.
External communication regarding fraud is typically handled by management, legal departments, or other designated parties within the organization. External authors, such as external auditors or regulatory bodies, may have a role in reporting or investigating fraud if it comes to their attention through their own independent processes. However, the specific responsibilities and procedures regarding the communication of fraud to external parties may vary based on the organization's policies, legal requirements, and applicable regulations.
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suppose the demand and supply functions of public transport in Sydney are given by
P+2Qd =144
4P−3Qs =136
where P,Qd, and Qs, denote the price, quantity demanded, and quantity supplied, respectively. a) Determine the equilibrium price and quantity of public transport in Sydney. (4 marks) b) Draw a fully labelled diagram showing the equilibrium price and quantity. Place price on the Y-axis and quantity on the X-axis
a. P = 20
b. The diagram should show the demand curve, the supply curve, and the equilibrium point where they intersect.
To determine the equilibrium price and quantity of public transport in Sydney, we need to solve the given demand and supply functions simultaneously. The equations are as follows:
Demand: P + 2Qd = 144
Supply: 4P - 3Qs = 136
a) To find the equilibrium price and quantity, we'll solve the system of equations:
Step 1: Solve one equation for P in terms of Qd or Qs.
From the demand equation, we have P = 144 - 2Qd.
Step 2: Substitute the value of P into the supply equation.
Substituting P in the supply equation, we get 4(144 - 2Qd) - 3Qs = 136.
Step 3: Simplify and rearrange the equation.
Expanding and rearranging, we have 576 - 8Qd - 3Qs = 136.
Step 4: Combine like terms.
-8Qd - 3Qs = 136 - 576
-8Qd - 3Qs = -440
Step 5: Solve for one variable in terms of the other.
Let's solve for Qs in terms of Qd.
-3Qs = -440 + 8Qd
Qs = (8/3)Qd - (440/3)
Step 6: Substitute the value of Qs into the demand equation.
P + 2Qd = 144
P + 2Qd = 144
P + 2Qd = 144
Step 7: Solve for P.
P + 2Qd = 144
P + 2Qd = 144
P = 144 - 2Qd
Step 8: Substitute the expression for P into the equation Qs = (8/3)Qd - (440/3).
(144 - 2Qd) = (8/3)Qd - (440/3)
Multiply through by 3 to remove fractions:
432 - 6Qd = 8Qd - 440
Step 9: Solve for Qd.
14Qd = 872
Qd = 62
Step 10: Substitute the value of Qd into the expression for P.
P = 144 - 2(62)
P = 144 - 124
P = 20
b) The equilibrium price is 20 and the equilibrium quantity is 62. To represent this graphically, we can draw a supply and demand diagram:
The Y-axis represents the price (P).
The X-axis represents the quantity (Q).
Plot the demand curve: P + 2Qd = 144. Start with P = 144 and find the corresponding Qd values.
Plot the supply curve: 4P - 3Qs = 136. Start with P = 136/4 and find the corresponding Qs values.
The equilibrium point is where the demand and supply curves intersect. Mark the point where the quantity (Q) is 62 and the price (P) is 20.
The diagram should show the demand curve, the supply curve, and the equilibrium point where they intersect.
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Commercial customs should be proved by witnesses A) Trie (B) False Question 14 Commercial Law is the Law of Commerce, the law concerned with commercial transactions, without giving much importance to the personal factors of performing these transactions a.True
b. False
The given statement-'' Commercial Law is the Law of Commerce, the law concerned with commercial transactions, without giving much importance to the personal factors of performing these transactions'' is False because Commercial law does consider personal factors in commercial transactions.
While commercial law primarily focuses on the legal aspects of business transactions, it also takes into account various personal factors such as the capacity of parties involved, their consent, and their obligations and rights.
Personal factors, including the intention and understanding of the parties, play a significant role in determining the validity and enforceability of commercial contracts.
Therefore, commercial law considers both the legal and personal aspects of conducting business transactions.
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Complete question
Commercial Law is the Law of Commerce, the law concerned with commercial transactions, without giving much importance to the personal factors of performing these transactions a.True
b. False
Answer the following questions:
Do you like Geico’s commercials? Please provide your reasoning.
Discuss Geico’s brand personality and how it can be used in developing marketing strategies
Geico's commercials are humorous and memorable, reflecting their brand personality. This personality can be utilized in marketing strategies through consistent messaging, emotional connections, storytelling, and social media engagement.
Geico's Brand Personality:
Geico has established a distinctive brand personality through its marketing efforts. Some key traits associated with Geico's brand personality include:
Humorous: Geico is known for its humorous and entertaining commercials, using wit, satire, and memorable characters to engage viewers and create a light-hearted tone.Quirky: Geico embraces a quirky and unconventional approach, often featuring unexpected scenarios or amusing twists to capture attention and stand out from competitors.Memorable: Geico aims to create memorable experiences through their commercials, utilizing catchy slogans, recurring characters like the Gecko and the Cavemen, and a distinct visual style.Approachable: Geico's brand personality conveys approachability, aiming to connect with consumers on a relatable and friendly level.Utilizing Geico's Brand Personality in Marketing Strategies:
Geico's brand personality can be leveraged in developing marketing strategies in the following ways:
Consistency: Maintaining consistency in messaging, tone, and visual elements across various marketing channels reinforces Geico's brand personality and helps build brand recognition and recall.Emotional Connection: Geico can create emotional connections with consumers by incorporating humor and relatable situations in their marketing campaigns, evoking positive emotions and fostering brand loyalty.Storytelling: Geico can use storytelling techniques to humanize their brand and develop narratives that align with their brand personality, making their advertisements more engaging and memorable.Social Media Engagement: Geico's brand personality lends itself well to social media platforms, where they can create shareable and viral content that resonates with their target audience, increasing brand visibility and reach.Customer Interaction: Geico can encourage customer interaction and participation through contests, user-generated content campaigns, or interactive experiences, fostering a sense of community and strengthening the brand-consumer relationship.Overall, by consistently leveraging Geico's brand personality traits of humor, quirkiness, memorability, and approachability, the company can develop marketing strategies that resonate with their target audience and differentiate themselves in a competitive insurance market.
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Vaughn, Inc. had net sales in 2020 of $1,505,900. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $311,800 debit, and Allowance for Doubtful Accounts $3,930 credit. Assume Vaughn prepares an aging schedule that estimates total uncollectible accounts at $24,500. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Data Account Titles and Explanation Debit Credit Dec. 31, 2020
The following can be used to prepare the entry to be used to record the bad debt expense for Vaughn, Inc. on December 31, 2020: Date: 2020 December 31 Account Number Account Titles Debit Credit Expense for bad debts: $20,570 Amount Allowed for Doubtful Accounts $20,570 Reason:
Based on the ageing schedule, the estimated uncollectible accounts are recognised by recording the bad debt expense. The entire amount of uncollectible accounts is reportedly $24,500. Starting with the current balance in the Allowance for Doubtful Accounts, which is a credit balance of $3,930, we may compute the bad debt charge. To calculate the necessary adjustment, we deduct the projected uncollectible accounts of $24,500 from this total. The bad debt expense that needs to be recorded is the difference, $20,570. Vaughn, Inc. will therefore deduct Bad Debt. To represent the rise in expected uncollectible debts, expense $20,570 and credit Allowance for Doubtful debts for the same sum.
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The shares of HQ plc are currently trading at £8.68 per share. The company has reported an earnings per share of £0.86 recently; £0.83 last year and £0.82 two years ago. The earnings growth rate is expected to be stable in the future. The company commits to paying 50% of its earnings to shareholders in cash dividends. Equity analysts have used the risk free rate of 3.5% and the market risk premium of 4.5% for the market that Lincoln plc is listed. The company's beta is calculated at 0.95. The competitors in the industry that HQ plc is operating have the average price to earnings ratio of 7.5 times. Required a. What is the current price to earnings ratio of HQ plc? What does this ratio tell you about the value of HQ plc? b. Using the Dividend Growth Model, estimate the fair value of the HQ plc's shares. c. Using results in part b, discuss what investors should do with the shares. Explain why using historic earnings may not produce a good forecast of the fair value.
a. The current price to earnings ratio (P/E ratio) of HQ plc can be calculated by dividing the current share price by the earnings per share.
P/E ratio = Share price / Earnings per share
P/E ratio = £8.68 / £0.86 = 10.09
The P/E ratio of HQ plc is 10.09. This ratio tells us that investors are willing to pay 10.09 times the earnings per share to own a share of the company. A higher P/E ratio generally indicates that investors have higher expectations for future earnings growth and are willing to pay a premium for the stock.
b. The Dividend Growth Model can be used to estimate the fair value of HQ plc's shares. The formula for the model is as follows:
Fair value = Dividend / (Required rate of return - Dividend growth rate)
In this case, the dividend is 50% of the earnings per share, and the required rate of return can be calculated using the risk-free rate and the market risk premium.
Dividend = 0.5 * Earnings per share = 0.5 * £0.86 = £0.43
Required rate of return = Risk-free rate + Beta * Market risk premium
= 3.5% + 0.95 * 4.5%
= 3.5% + 4.28%
= 7.78%
Using the formula, we can calculate the fair value of the shares:
Fair value = £0.43 / (0.0778 - Dividend growth rate)
c. Based on the results from part b, investors should compare the fair value of the shares with the current market price (£8.68) to determine whether the shares are overvalued or undervalued. If the fair value is higher than the current market price, it suggests that the shares are undervalued and may be a good investment opportunity. On the other hand, if the fair value is lower than the market price, it suggests that the shares are overvalued and may not be a good investment.
Using historic earnings to forecast the fair value may not produce an accurate estimate because it does not take into account future growth prospects or changes in the company's financial performance. Historic earnings only provide information about the past performance of the company and may not reflect its future potential. Investors should consider using more reliable and up-to-date information, such as projected earnings or industry trends, to make a better forecast of the fair value.
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Which of the following statements is(are) true regarding product costing? (A) A job is a cost object that can be easily and conveniently distinguished from other cost objects. (B) Job cost sheets are used in accounting systems as a subsidiary ledger for the Work-in-Process account. Multiple Choice Only A is true. Only B is true. Both of these are true. Neither of these is true.
Only B is true. Job cost sheets are used as a subsidiary ledger for the Work-in-Process account in accounting systems, providing a detailed breakdown of costs for specific jobs or projects.
Product costing is an essential aspect of financial management in manufacturing or production-oriented businesses. It involves the process of determining the costs associated with producing a specific product or completing a particular job. In the context of the given statements, we can evaluate the accuracy of each option.
Statement A suggests that a job is a cost object that can be easily distinguished from other cost objects. However, this statement is not true. In product costing, a job refers to a specific project or production order, and it cannot be easily differentiated from other cost objects like departments, products, or services. Jobs vary in complexity, size, and duration, making it challenging to classify them as distinct cost objects.
On the other hand, Statement B is accurate. Job cost sheets are indeed used in accounting systems as a subsidiary ledger for the Work-in-Process (WIP) account. Job cost sheets provide a detailed breakdown of direct materials, direct labor, and overhead costs associated with a particular job. They help track and accumulate costs, allowing businesses to monitor the progress and profitability of each job. By maintaining job cost sheets, accountants can accurately allocate costs to the WIP account, which represents the value of partially completed products or services.
To summarize, only statement B is true regarding product costing. Job cost sheets serve as a valuable tool in accounting systems, acting as a subsidiary ledger for the Work-in-Process account, enabling accurate tracking and allocation of costs to specific jobs.
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A
stock is expected to pay a dividend of $2 in year 2, $3 in year 3,
and sell for $40 at the end of year 3. The discount rate is 11
percent. Compute the current stock price.
The current stock price, based on the given information and a discount rate of 11 percent, is approximately $33.20.
To compute the current stock price, we need to calculate the present value of the future cash flows (dividends and terminal value) using the discount rate. Here's how you can do it:
Step 1: Calculate the present value of each cash flow.
PV(dividend year 2) = $2 / (1 + 0.11)^2
PV(dividend year 3) = $3 / (1 + 0.11)^3
PV(terminal value) = $40 / (1 + 0.11)^3
Step 2: Calculate the sum of the present values.
Stock price = PV(dividend year 2) + PV(dividend year 3) + PV(terminal value)
Let's perform the calculations:
PV(dividend year 2) = $2 / (1 + 0.11)^2 = $1.61
PV(dividend year 3) = $3 / (1 + 0.11)^3 = $2.29
PV(terminal value) = $40 / (1 + 0.11)^3 = $29.30
Stock price = $1.61 + $2.29 + $29.30
Stock price = $33.20
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The Excel file S&P 500 provides open, high, low, and close values for the S&P 500 index over a period of time.
a. Enter any date using the format month/day/year) within the range of the data in ceH G2. Use a MATCH function in cell G3 to find the row in the database that corresponds to this date.
b. Write an INDEX function in call G4 that finds the closing value on this date using your anser to part a.
c. Combine the MATCH and INDEX functions in parts a and b into one function that displays the closing valie in cell G5.
To find the closing value of the S&P 500 index on a specific date within the provided data range, you can use the MATCH and INDEX functions in Excel. In cell G2, enter the desired date. In cell G3, use the MATCH function to find the row number corresponding to the entered date in the database. In cell G4, use the INDEX function to retrieve the closing value based on the row number obtained from the MATCH function. Finally, in cell G5, combine the MATCH and INDEX functions to display the closing value directly.
a. In cell G2, enter the desired date using the format month/day/year, such as 6/17/2023.
b. In cell G3, use the MATCH function to find the row number that corresponds to the entered date. The formula would be:
=MATCH(G2, A:A, 0)
This formula compares the value in G2 with the dates in column A of the database and returns the row number.
c. In cell G4, use the INDEX function to retrieve the closing value based on the row number obtained from the MATCH function. The formula would be:
=INDEX(D:D, G3)
This formula retrieves the value from column D (closing values) in the row specified by the result of the MATCH function in G3.
d. To combine the functions into one, in cell G5, use the following formula:
=INDEX(D:D, MATCH(G2, A:A, 0))
This formula directly displays the closing value of the entered date.
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Brar Maintenance Company showed the following adjusted trial balance information for its December 31,2020 , year-erid Mssume all accounts have a normal balance ?\$154,000 of the note payable is due beyond December 31,2021 Required: Prepare a classified balance sheet for Brar Maintenance Company at December 31,2020 . (Be sure to list the ossets and liabiities in order of their liquidity. Enter all amounts as positive values.)
Brar Maintenance Company's classified balance sheet as of December 31, 2020, lists assets and liabilities in order of liquidity, reflecting its financial position.
The classified balance sheet provides a snapshot of a company's financial position at a specific point in time, in this case, December 31, 2020. It organizes the company's assets, liabilities, and owner's equity into different categories to enhance the understanding of its financial health and liquidity.
In the assets section, the current assets are listed first, reflecting the most liquid assets that are expected to be converted into cash within a year. This includes cash, accounts receivable, and prepaid expenses. Then, the non-current assets, such as property, plant, and equipment, are shown net of accumulated depreciation.
On the liabilities side, the current liabilities are presented first, representing obligations that are due within a year. This includes accounts payable, accrued expenses, and notes payable. The portion of the note payable due beyond December 31, 2021, is classified as long-term notes payable.
Finally, the owner's equity section includes capital stock, which represents the investments made by the owners, and retained earnings, which are the accumulated profits or losses of the company.
This classification of assets and liabilities based on their liquidity helps users of the financial statements to assess the company's ability to meet its short-term obligations and evaluate its overall financial position.
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In April 2019, Mario purchased a new refrigerator for $700 and placed it in service in his rental house. He elected not to claim the special depreciation allowance. Mario sold the rental house, including the refrigerator, in November 2021. After factoring in depreciation, his adjusted basis in the refrigerator at the time of sale was $323. Under what property section of the Internal Revenue Code will the sale of the refrigerator fall? a. Section 179. b. Section 1245. c. Section 1250. d. Section 1255
The sale of the refrigerator in November 2021 would be governed by Internal Revenue Code Section 1245.
The sale of tangible personal property, such as appliances used in a rental or commercial context, is covered under Section 1245, which also permits the recovery of depreciation.
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Kelli had $8917.09 in her savings account from June 1 to August 1 . She eamed $121.84 in interest during that time. What annual rate of interest is Kelli receiving from this investment? Express the answer as a percentage but do not write the percentage slgn in the answer box. Use hwo decimals.
Kelli is consequently earning a 4.11% annual interest rate on her investment. We must compute the interest rate earned between June 1 and August 1 in order to determine the annual rate of interest.
The time for this period must first be calculated in years. The time period is 2 months, or 2/12, or 1/6 of a year because there are 12 months in a year. Using the following formula, we can next determine the interest rate: Rate is equal to (Interest/Principal)*(1/Time) Rate = ($121.84 / $8917.09) * (1 / (1/6)) = ($121.84 / $8917.09) * 6 Rate = 0.00685 * 6 = 0.0411 We multiply this by 100 to represent it as a percentage: Rate = 0.0411 * 100 = 4.11%
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If in a two-nation ( A and B), two-commodity (X and Y) world, it is established that nation A has a comparative advantage in commodity X, then nation B must have: a comparative advantage in commodity Y an atwolus alvantage in ciememility an absolute disadvantage in commodity Y. a comparative disadvantage in commodity Y
If in a two-nation ( A and B), two-commodity (X and Y) world, it is established that nation A has a comparative advantage in commodity X, then nation B must have a comparative advantage in commodity Y.
Comparative advantage refers to the ability of a country to produce a good or service at a lower opportunity cost than the other countries, according to the concept of comparative advantage. The principle of comparative advantage applies to international trade in goods and services.
Nation A has a comparative advantage in commodity X, implying that the country can produce commodity X at a lower opportunity cost than commodity Y. As a result, Nation B must have a comparative advantage in commodity Y. Because the two nations are the only ones in the world and only two commodities are being produced, the nation that has a comparative advantage in one commodity must have a comparative disadvantage in the other commodity.
Therefore, the answer is a comparative advantage in commodity Y.
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The following data exists for Blossom Company
2020 2019
Accounts Recievable 62,000 86,800
Net Sales 624,960 508,400
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days 2020.
The accounts receivable turnover for 2020 is 10.08 times, and the average collection period for accounts receivable is approximately 36 days.
To calculate the accounts receivable turnover, we divide the net sales by the average accounts receivable. In this case, the net sales for 2020 are $624,960, and the accounts receivable for 2020 is $62,000. Therefore, the accounts receivable turnover is calculated as follows:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Accounts Receivable Turnover = $624,960 / $62,000
Accounts Receivable Turnover = 10.08 times
To calculate the average collection period, we divide the number of days in the period by the accounts receivable turnover. In this case, the average collection period for accounts receivable in 2020 is calculated as follows:
Average Collection Period = 365 days / Accounts Receivable Turnover
Average Collection Period = 365 days / 10.08
Average Collection Period ≈ 36 days
The accounts receivable turnover ratio indicates the number of times a company collects its average accounts receivable balance during a specific period. A higher turnover ratio suggests that the company is collecting its receivables more frequently. A lower turnover ratio may indicate that the company takes longer to collect its receivables.
The average collection period represents the average number of days it takes for the company to collect its receivables. A shorter collection period is favorable as it implies faster collections and better cash flow management.
It's important to note that these calculations provide insights into the efficiency of the company's accounts receivable management and its ability to collect payments from customers. It is recommended to compare these metrics with industry benchmarks or historical data to gain a better understanding of the company's performance.
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Grant Comcast Berhad is a large conglomerate company, involved in various industries including manufacturing and retailing of healthcare and consumer products, services, and property development. One of the group's largest companies is Gartner Pharmaceutical Sdn Bhd (GPSB). GPSB manufactures healthcare products which are marketed both under its brand and as a generic brand. Currently, GPSB manufactures more than ten pharmaceutical products for sale in the Malaysian and Southeast Asia market.
In an effort to improve its cost management and profitability, GPSB has been comparing its financial results with other healthcare companies. GPSB's market share has been improving for the past three (3) years but it has yet to catch up with Alpro Medica Berhad, the market leader in the healthcare products industry. GPSB has never benchmarked its operational activities or performance with Alpro Medica Berhad or even with other companies under the Grant Comcast Berhad.
Required:
Discuss the stages that are necessary for GPSB to undergo to effectively conduct the benchmarking exercise. Include in your discussion, suggestions on how the benchmarking exercise could contribute to costs reduction in GPSB.
Grant Comcast Berhad's subsidiary, Gartner Pharmaceutical Sdn Bhd (GPSB), aims to improve its cost management and profitability by conducting a benchmarking exercise.
Benchmarking is a crucial process for GPSB to assess its operational activities and performance against competitors. To effectively conduct the benchmarking exercise, GPSB should follow several stages.
1. Define objectives: GPSB needs to clearly define the goals of the benchmarking exercise, such as improving cost management and profitability.
2. Identify benchmarking partners: GPSB should select suitable healthcare companies, including Alpro Medica Berhad, to compare its performance against. These companies should be leaders in the industry or possess best practices in cost management.
3. Collect data: GPSB needs to gather relevant data on operational activities, financial performance, and cost structures from both internal sources and external benchmarking partners. This will provide a basis for comparison.
4. Analyze and compare: GPSB should analyze the collected data and compare its performance with the benchmarking partners. Key performance indicators (KPIs) such as production costs, distribution expenses, and profit margins should be evaluated.
5. Identify gaps and improvement areas: By comparing its performance with the benchmarking partners, GPSB can identify gaps and areas where it lags behind. This could include inefficient processes, higher costs, or missed opportunities for cost reduction.
6. Develop action plans: GPSB should develop action plans based on the identified gaps and improvement areas. These plans should focus on implementing best practices observed during the benchmarking exercise and optimizing cost management processes.
7. Monitor and reassess: GPSB needs to monitor the implementation of action plans and regularly reassess its performance against the benchmarking partners. Continuous improvement efforts will ensure ongoing cost reduction and improved profitability.
The benchmarking exercise can contribute to cost reduction in GPSB in several ways. By identifying best practices from the benchmarking partners, GPSB can adopt more efficient processes, streamline operations, and reduce wastage. It can also learn from successful cost management strategies implemented by the market leader, Alpro Medica Berhad. Additionally, benchmarking provides a comparative perspective on pricing and profit margins, enabling GPSB to optimize its pricing strategies and increase its competitive advantage. Ultimately, the benchmarking exercise will help GPSB identify areas of improvement and implement cost-saving measures, leading to enhanced profitability and a stronger market position.
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A client is planning to invest $55 thousand at the end of this year into an investment account. He tells you that he plans to retire in 35 years,and expects to have 490 thousand in that account at that time.What rate of return is he expecting to earn,assuming no withdrawals or further contributions to that account? Enter answer in percents,accurate to two decimal places.
The client plans to invest $55,000 at the end of this year and expects to have $490,000 in the investment account after 35 years. To determine the rate of return he is expecting to earn, we can use the compound interest formula.
The compound interest formula can be used to calculate the rate of return in this case. The formula is:
Future Value = Present Value × (1 + Rate)^Time
Given that the present value is $55,000, the future value is $490,000, and the time is 35 years, we can rearrange the formula to solve for the rate of return (Rate).
Rate = [(Future Value / Present Value)^(1/Time) - 1] × 100
Substituting the given values, we can calculate the rate of return expected by the client.
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he price of a Big Mac in the U.S. is $7.4 and the price in Mexico is Peso 15.3. What is the implied PPP (E(S)) of the Peso per dollar (Peso/$)? Given the exchange rate (P 5/$), is the peso undervalued or overvalued?" Ps.7.90/S-undervalued Ps.113.22/S-overvalued Ps.7.90/S-overvalued Ps.2.07/$-undervalued Ps0.48/$-undervalued Ps.2.07/$-overvalued Ps.113.22/S-undervalued Ps0.48/S-overvalued
The implied purchasing power parity (PPP) exchange rate of the Peso per dollar (Peso/$) can be calculated by dividing the price of a Big Mac in Mexico (15.3 pesos) by the price of a Big Mac in the U.S. ($7.4):
Implied PPP (E(S)) = Price in Mexico / Price in the U.S.
= 15.3 pesos / $7.4
= 2.0676 pesos/$
Therefore, the implied PPP exchange rate of the Peso per dollar is approximately 2.0676 pesos/$.
Purchasing power parity (PPP) theory suggests that in an efficient market, the exchange rate between two currencies should equalize the prices of identical goods in different countries. In this case, we are comparing the price of a Big Mac in the U.S. and Mexico to determine the implied PPP exchange rate.
The price of a Big Mac in the U.S. is given as $7.4, while the price in Mexico is given as 15.3 pesos. To calculate the implied PPP exchange rate, we divide the price in Mexico by the price in the U.S.:
Implied PPP (E(S)) = 15.3 pesos / $7.4
= 2.0676 pesos/$
Comparing the implied PPP exchange rate (2.0676 pesos/$) with the given exchange rate of 5 pesos/$, we can conclude that the peso is undervalued. This means that based on the prices of Big Macs, the peso should be stronger compared to the U.S. dollar. Therefore, the peso is undervalued in relation to the dollar according to the Big Mac PPP theory.
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