The probability that a randomly selected SBU graduate's salary falls between $30,000 and $90,000 can be calculated using the normal distribution. The options given are A. 0.9974, B. 0.9987, C. 0.9772, and D. 0.9856.
To find the probability, we need to calculate the z-scores corresponding to the given salaries and then use a standard normal distribution table or calculator.
First, we calculate the z-score for $30,000 and $90,000 using the formula:
z = (X - μ) / σ
where X is the given salary, μ is the population mean, and σ is the standard deviation.
For $30,000:
z1 = (30,000 - 60,000) / 10,000 = -3
For $90,000:
z2 = (90,000 - 60,000) / 10,000 = 3
Next, we look up the probability corresponding to these z-scores in the standard normal distribution table or use a calculator. The probability that a z-score is between -3 and 3 is approximately 0.9974.
Therefore, the correct answer is A. 0.9974, indicating that there is a 99.74% probability that the salary of a randomly selected SBU graduate falls between $30,000 and $90,000 based on the given normal distribution.
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The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2019, the poverty line is set at an annual income of $22,400 for an individual.
Perkopia is a town of 10,000 people. The income distribution for the town is shown in the table below:Income Groups Number of People in Group Annual Income per Person.
The poverty line is set at an annual income of 22,400 for an individual in 2019.Out of 10,000 people in the economy, 2000 people fall under Group A, and each person earns an annual income of 150,000. So, the total annual income of Group A is 300,000,000. Similarly, there are 3000 people in Group B, and each person earns an annual income of 90,000.
The total annual income of Group B is 270,000,000. Also, there are 4000 people in Group C, and each person earns an annual income of 40,000. So, the total annual income of Group C is 60,000,000. There are 1000 people in Group D, and each person earns an annual income of 10,000. So, the total annual income of Group D is 10,000,000. Finally, there are 1000 people in Group E.
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Consumer satisfaction is a function of consumer expectations and perceived product performance. 1) True 2) False
The statement "Consumer satisfaction is a function of consumer expectations customer expectations and deliver high-quality goods or services to ensure customer and perceived product performance" is true.
This statement implies that consumer satisfaction is a function of the discrepancy between a customer's expectations of a product and their perceptions of its actual performance. To put it another way, consumer satisfaction is heavily reliant on both the expectations of customers and their actual perception of product performance.
Companies must keep track of the level of satisfaction among their customers in order to stay in business. Customers that are happy with a product or service will usually return, while those that are dissatisfied are unlikely to do so. The fact that consumer satisfaction is a function of consumer expectations and perceived product performance.
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Please show each step of the algebraic work. All the other answers just jump to the answer.
Preston Industries has a WACC of 12.78 percent. The capital structure consists of 61.7 percent equity and 36.7 percent debt. The aftertax cost of debt is 7.2 percent and the cost of equity is 15.90 percent. What is the cost of preferred stock?
Given,The WACC of Preston Industries = 12.78%Weight of equity = 61.7%Weight of debt = 36.7%Cost of debt = 7.2%Cost of equity = 15.90%Let's find out the cost of preferred stock
.Calculation:
Weight of preferred stock = 100% - (Weight of equity + Weight of debt)Weight of preferred stock = 100% - (61.7% + 36.7%)Weight of preferred stock = 1.6%The formula for WACC is, WACC = (E/V × Re) + (D/V × Rd) × (1 − Tc)Where,E = Market Value of the firm's equityD = Market value of the firm's debtV = Total Market Value of the firm's financingRe = Cost of EquityRd = Cost of DebtTc = Corporate Tax RateWe have values for WACC, E, D, Re, Rd, and Tc. We need to calculate V.Let's find out the total market value of the financing.V = E + D + PWhere,P = Market Value of the firm's preferred stockNow, we have values for E, D, P, and V. We can calculate the cost of preferred stock.Calculation:WACC = (E/V × Re) + (D/V × Rd) × (1 − Tc)0.1278 = (0.617 × 0.1590) + (0.367 × 0.072) × (1 - 0.3)0.1278 = 0.0981 + 0.01662.319 × P = V - E - D2.319 × P = 1 - 0.617 - 0.3672.319 × P = 0.016P = 0.016/2.319P = 0.0069 or 0.69%Therefore, the cost of preferred stock is 0.69%
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Why was Chrysler's decision successful and why did the Challenger decision failed? 2. Tell me if this was a category I or Il type of decision. 3. Was the decision making "Open or Closed" in each of these case studies? 4. What Constraints existed in both of these cases? 5. What about the political climate at the time in both cases? 6. Why do you think NASA was so insistent on launching Challenger that day? 7. Why do you think the US Government elected to provide loan guarantees to Chrysler ? 8. What political "fallout" if any do you think resulted from the Chrysler Bailout of 1979 ? 9. What implications or pressures was NASA facing at the time of the Challenger Disaster of 1986 ? 10. Finally, tell me which type of strategic option(s) were used in both of these cases (i.e. Type A, B, C, or D)
The decision to launch despite concerns was influenced by the desire to maintain public support and fulfill the objectives of the space program.
To provide a comprehensive response to your questions, I will address each question individually:
Why was Chrysler's decision successful and why did the Challenger decision fail
The success of Chrysler's decision can be attributed to several factors, including effective restructuring, product innovation, cost-cutting measures, and improved management practices. The company implemented strategic initiatives such as introducing fuel-efficient vehicles and improving quality, which helped regain consumer trust and market share
Category I or II type of decision:
Based on the limited context provided, it is not possible to determine whether the decisions in these case studies were Category I or II type decisions. More information would be required to make an accurate determination.
Open or closed decision-making:
Similarly, without additional information, it is not possible to determine whether the decision-making in each case was open or closed. Open decision-making involves involving multiple stakeholders and considering various perspectives, while closed decision-making tends to be more centralized and limited to a few decision-makers.
Constraints in both cases:
Constraints faced by Chrysler in the 1979 bailout included financial difficulties, high debt burden, and declining market share. The Challenger case faced constraints such as the pressure to meet launch deadlines, budget limitations, and technological challenges.
Political climate at the time:
The political climate during the Chrysler bailout was characterized by concerns over the potential impact of a major automotive company's failure on the economy and employment. The government's decision to provide loan guarantees was influenced by the desire to prevent significant job losses and maintain stability in the auto industry.
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a) Winter is approaching, explain what will happen to the demand for winter tires? (1 mark) b) What will happen to the demand curve? (shift to the left or to the right?) ( 1 mark) c) How does it affect the.price of winter tires? Explain your answer. ( 1 mark) a) How does Uber affect the demand for cab (taxi) services? (1 mark) b) What would be the effect of Uber on the_price of cab (taxi) services? (1 mar c) Has the price of cab services changed? Explain your answer? (2 marks)
Winter is approaching, the demand for winter tires is going to increase as more people will be looking for them to fit on their cars. As the temperature drops, it becomes difficult to drive on snow with normal tires.
The demand for winter tires is likely to increase due to the increase in the need for this commodity as winter approaches. The demand curve for winter tires will shift to the right. This shift occurs when there is an increase in demand for the product, which is the case for winter tires.
The reason for this is that more people are willing to buy winter tires, and thus there will be a corresponding increase in the price of winter tires. The increase in demand for winter tires will cause a corresponding increase in the price of winter tires.
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Emma (the agent) works for Rachel (the principal). Emma's utility function is given by U=C 0.5
if she doesn't work hard, and U=C 0.5
−1.5 if she works hard. If Emma works hard, the expected profit for Rachel increases from $1000 to $1500. Rachel cannot directly tell whether Emma works hard or not. Rachel wants Emma to work hard. Rachel is willing to pay Emma a flat salary of $144 plus a bonus. Since the expected profit increases from $1000 to $1500, Rachel is willing to pay some percentage of this excess $500 to Emma if the profit turns out to be $1500. That is, a bonus to Emma is in the form of $500 ∗
x, where x is a fraction between 0 and 1. To induce Emma to work hard, x must be greater than or equal to some percentage. Answer this number as \% and up to 2 decimal places. (That is, your answer should be between 0 and 100.)
To determine the minimum percentage of the bonus that Rachel must offer Emma to induce her to work hard, we need to compare Emma's utility from not working hard to her utility from working hard.
Emma's utility function is given by U = C^0.5 if she doesn't work hard and U = C^0.5 - 1.5 if she works hard, where C represents the level of consumption.
Let's calculate Emma's utility in both scenarios:
1. Utility without working hard:
U_without = C^0.5
2. Utility with working hard:
U_with = C^0.5 - 1.5
Since we know that Rachel is willing to pay Emma a flat salary of $144, we can subtract this amount from the expected profit to calculate the remaining bonus amount:
Bonus_amount = $500 - $144 = $356
Now, we can set up an equation to find the minimum value of x:
U_without + Bonus_amount * x ≥ U_with
Substituting the utility expressions and solving for x:
C^0.5 + $356 * x ≥ C^0.5 - 1.5
$356 * x ≥ -1.5
x ≥ -1.5 / $356
x ≥ -0.00421 (rounded to five decimal places)
Since x represents a fraction, we convert the result to a percentage:
x ≥ -0.421% (rounded to three decimal places)
Therefore, the minimum percentage of the bonus that Rachel must offer Emma to induce her to work hard is 0.421%.
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Jack and Jill need to save $6700 toward a new car. How long will it take them if they save $210 a month earning interest at 4.4% per year? (Treat as an ordinary annuity.) (State your answer in years rounded to the second decimal place,
We may use the formula for the future value of an ordinary annuity to determine how long it will take Jack and Jill to save $6700 if they save $210 each month at a 4.4% annual interest rate.
The following equation determines an ordinary annuity's future value:
FV is equal to P*[(1 + r)n - 1]/r.
where: The future value (in this case, $6700) is denoted by FV.
P is the $210 monthly savings goal.
The interest rate each compounding period is denoted by the symbol r (4.4% per year, or 0.044/12 per month).
The number n represents the time we are attempting to calculate.
Formula rearranged to account for n:
n = log(1 + r) / log(1 + FV * r / P)
Inserting the values:
n = log(($6700 * (0.044/12) / $210)
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The pyramid of corporate social responsibilities contains all of the following components EXCEPT:
a. economic responsibilities
b. ethical responsibilities
c. cultural responsibilities
d. legal responsibilities
e. philanthropic responsibilities
The pyramid of corporate social responsibilities contains all of the following components EXCEPT cultural responsibilities.
The four components of the pyramid of corporate social responsibilities include economic responsibilities, legal responsibilities, ethical responsibilities, and philanthropic responsibilities. The first component is economic responsibility, which implies that the company must make a profit while also increasing shareholder value. It's also known as the foundational component of the pyramid.The second component is legal responsibility, which requires the company to follow the laws and regulations. Any action that goes against the law may result in negative consequences.
The third component is ethical responsibility, which involves doing what is right. It implies that the company should adhere to ethical principles, including honesty, integrity, and fairness. It includes obligations to avoid harm, prevent harm, and promote the welfare of society.Finally, the fourth component is philanthropic responsibility, which involves providing charity and goodwill to the community. It involves giving back to the community by making contributions and donations. This component is voluntary, and it is done to enhance the organization's reputation.
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An investor makes a deductible (before-tax) contribution of $1,791 to a traditional IRA. The IRA contribution grows at an 5.73 percent before-tax rate of return compounded annually for 8 years when it is distributed. The distribution is subject to a 37 percent tax. Calculate the dollar amount of IRA distribution the investor is left with after paying taxes. Round the final answer to two decimal places.
To calculate the dollar amount of the IRA distribution the investor is left with after paying taxes, we need to consider the growth of the IRA contribution and the tax on distribution.
Given:
Deductible contribution to the traditional IRA: $1,791
Before-tax rate of return: 5.73%
Compound period: Annually
Number of years: 8
Tax rate on distribution: 37%
First, we'll calculate the growth of the IRA contribution after 8 years:
Future Value = Present Value * (1 + Rate of Return)^Number of Years
Future Value = $1,791 * (1 + 0.0573)^8
Using the future value formula, we find:
Future Value = $1,791 * (1.0573)^8
Future Value ≈ $1,791 * 1.49118752251
Future Value ≈ $2,672.64
Next, we'll calculate the tax on distribution:
Tax = Future Value * Tax Rate
Tax = $2,672.64 * 0.37
Tax ≈ $988.02
Finally, we'll calculate the amount the investor is left with after paying taxes:
Distribution Amount = Future Value - Tax
Distribution Amount ≈ $2,672.64 - $988.02
Distribution Amount ≈ $1,684.62
Therefore, the investor is left with approximately $1,684.62 after paying taxes on the IRA distribution, rounded to two decimal places.
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At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data:
Common stock ( 10 par value); no changes in account during the year.
Shares authorized: 200,000.
Shares issued: _____ (all shares were issued at $ 17 per share. Total cash collected: $ 2,125,000 ).
Treasury stock: 3,000 shares (repurchased at $ 20 per share).
The treasury stock was acquired after a stock split was announced.
Net income: $ 240,340 .
Dividends declared and paid: $ 123,220 .
Retained earnings beginning balance: $ 555,000 .
(d) What was the dividend paid per share?
To find the dividend paid per share, we need to determine the number of shares issued.
Given that the total cash collected was $2,125,000 and each share was issued at $17, we can calculate the number of shares issued by dividing the total cash collected by the issuance price per share.
$2,125,000 / $17 = 125,000 shares issued
Next, we subtract the treasury stock of 3,000 shares from the total number of shares issued.
125,000 - 3,000 = 122,000 shares outstanding
Now, we can calculate the dividend paid per share by dividing the total dividends declared and paid ($123,220) by the number of shares outstanding (122,000).
$123,220 / 122,000 = $1.01 dividend paid per share
Therefore, the dividend paid per share is $1.01.
In summary:
- Shares issued = $2,125,000 / $17 = 125,000 shares
- Shares outstanding = Shares issued - Treasury stock = 125,000 - 3,000 = 122,000 shares
- Dividend paid per share = Total dividends paid / Shares outstanding = $123,220 / 122,000 = $1.01 dividend paid per share.
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The dividend paid per share can be calculated by dividing the total amount of dividends declared and paid by the total number of shares issued.
To calculate the total number of shares issued, we need to subtract the number of treasury shares (3,000) from the total authorized shares (200,000). This gives us 197,000 shares issued.
Now we can calculate the dividend paid per share by dividing the total dividends paid ($123,220) by the total number of shares issued (197,000).
The dividend paid per share is approximately $0.626 per share.
The dividend paid per share is approximately $0.626 per share. This is calculated by dividing the total amount of dividends paid ($123,220) by the total number of shares issued (197,000).
To calculate the dividend paid per share, we need to consider the total amount of dividends paid and the total number of shares issued.
First, we need to calculate the total number of shares issued. The records state that the company had 200,000 authorized shares, and there were no changes in the account during the year. However, 3,000 shares were repurchased as treasury stock at $20 per share.
To find the total number of shares issued, we subtract the number of treasury shares from the authorized shares: 200,000 - 3,000 = 197,000 shares issued.
Next, we divide the total amount of dividends declared and paid ($123,220) by the total number of shares issued (197,000) to find the dividend paid per share.
The calculation is: $123,220 / 197,000 = approximately $0.626 per share.
Therefore, the dividend paid per share is approximately $0.626. This means that for each share of common stock, the company paid out $0.626 as a dividend.
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When establishing a set of records for a merchandising company, describe what procedures you implement to ensure ethical decisions were made.
To ensure ethical decisions are made the company should consider establishing a code of ethics, implementing internal controls, conducting regular audits, promoting transparency, and providing ethical training and guidance to employees.
To ensure ethical decisions are made, it is important to establish a code of ethics that outlines the company's values, principles, and expectations regarding ethical behavior. This code should be communicated to all employees and stakeholders.
Implementing internal controls is another crucial step. These controls include segregation of duties, regular monitoring of financial transactions, and implementing checks and balances to prevent fraudulent activities. Internal controls help ensure that transactions are recorded accurately and in compliance with ethical standards.
Regular audits should be conducted to review the company's financial records and procedures. These audits can help identify any discrepancies or unethical practices and provide an opportunity to rectify them promptly.
Transparency is key to ethical decision-making. The company should strive to provide clear and accurate financial information to stakeholders, ensuring that they have access to relevant data to make informed decisions.
Lastly, providing ethical training and guidance to employees is vital. This can include training programs, workshops, and regular communication to reinforce ethical standards and educate employees on their responsibilities.
By implementing these procedures, a merchandising company can create an environment that promotes ethical decision-making and upholds integrity in its records and business practices.
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how
network helps in supply chain management for tim hortons and
starbucks. 300 words
A well-developed network supports supply chain management for Tim Hortons and Starbucks by enabling effective supplier management, efficient distribution and logistics, optimized inventory management, quality control, accurate demand planning, and enhanced collaboration and communication among stakeholders.
Both Tim Hortons and Starbucks rely on effective supply chain management to ensure the availability of their products and deliver an excellent customer experience. A well-developed network plays a crucial role in supporting their supply chain operations. Here's how a network helps in supply chain management for Tim Hortons and Starbucks:
1. Supplier Management: A robust network allows both companies to establish relationships with suppliers across multiple regions. They can source high-quality ingredients, coffee beans, packaging materials, and other supplies from various suppliers, ensuring a diversified and reliable supply base. The network enables efficient communication, contract management, and collaboration with suppliers.
2. Distribution and Logistics: Tim Hortons and Starbucks operate vast networks of distribution centers, warehouses, and transportation systems. These networks facilitate the movement of raw materials, finished goods, and supplies across multiple locations. The companies can optimize routes, manage inventory levels, and reduce transportation costs through effective network design and coordination.
3. Inventory Management: The network supports real-time visibility into inventory levels at various locations, allowing Tim Hortons and Starbucks to monitor stock levels, track product availability, and ensure timely replenishment. This visibility enables efficient inventory management, reduces stockouts, and optimizes order fulfillment to meet customer demands.
4. Quality Control: A well-connected network helps facilitate quality control processes throughout the supply chain. Both companies can implement quality standards, perform audits, and monitor the quality of ingredients, packaging, and finished products at different stages. Information sharing within the network ensures compliance with quality requirements and enables quick actions in case of any deviations.
5. Demand Planning and Forecasting: Tim Hortons and Starbucks utilize their network to gather market data, customer feedback, and sales information from various locations. This data is analyzed to forecast demand, identify trends, and plan production and procurement activities accordingly. The network's connectivity enables effective demand planning, reducing stockouts and excess inventory.
6. Collaboration and Communication: The network provides a platform for seamless collaboration and communication among various stakeholders in the supply chain, including suppliers, distributors, and internal teams. Tim Hortons and Starbucks can share information, exchange data, and coordinate activities more efficiently, leading to improved responsiveness, better decision-making, and enhanced supply chain performance.
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"Omar needs $18,000 in order to pay for their daughter's college education. They just received a substantial inheritance. If their daughter will start school in 9 years, how much should they put into an account today if their account earns a 0.9% interest rate and they can also save $57 per month? (Enter your answer as a positive number)"
Omar should put $15,468.29 into an account today.
To calculate the amount Omar should put into an account today, we need to consider both the interest rate and the monthly savings. We can break down the solution into three steps.
Step 1: Calculate the future value of monthly savings
Using the future value of an ordinary annuity formula, we can calculate the future value of the monthly savings over 9 years. With a monthly savings of $57 and an interest rate of 0.9% per year, the future value can be calculated as follows:
Future Value = Monthly Savings × [(1 + Interest Rate)^(Number of Years × Number of Compounding Periods) - 1] / Interest Rate
Future Value = $57 × [(1 + 0.009)^(9 × 12) - 1] / 0.009
Future Value = $57 × [(1.009)^108 - 1] / 0.009
Future Value = $57 × (1.123 - 1) / 0.009
Future Value = $57 × 0.123 / 0.009
Future Value = $776
Step 2: Calculate the present value of the future amount needed
Since the future value of the monthly savings is already known, we need to find the present value of that future amount, considering the interest rate. Using the present value formula for a single sum:
Present Value = Future Value / (1 + Interest Rate)^(Number of Years)
Present Value = $776 / (1 + 0.009)⁹
Present Value = $776 / (1.009)⁹
Present Value = $776 / 1.085
Present Value = $715.48
Step 3: Calculate the additional amount required
To determine the additional amount Omar should put into the account today, we subtract the present value of the future amount from the total required amount:
Additional Amount = Total Required Amount - Present Value
Additional Amount = $18,000 - $715.48
Additional Amount = $17,284.52
Therefore, Omar should put an additional $17,284.52 into the account today, on top of the future value of the monthly savings ($776). Thus, the total amount to be put into the account today is $17,284.52 + $776 = $15,468.29.
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Minden Compary is a wholesale distributor of premium European chocolates. The compary's balance sheet as of April 30 is given below: The company is in the process of preparing a budget for May and has assembled the following datn: a. Sales are budgeted at $299,000 for May, Of these sales, $89,700 will be for cash, the remaincer will be credit sales One-half of a month's credit sales are collected in the month the sales are made, and the remainder is collected in the foliowing month. All of the April 30 accounts recelvable will be collected in May. b. Purchases of inventory are expected to total $169,000 during May. These purchases will anl be ontaccount. Forty percent of an purchases are paid for in the month of purchase, the remainder are paid in the following month. All of the Apria 30 account payable to suppliers will be paid during May. c. The May 31 inventory balance is budgeted at $42,000. d. Selling and administrative expenses for May are budgeted at $89,700, exclusive of depreciation These expenses will be paid in cash. Depreciation is budgeted at $2,250 for the month. e. The note payable on the April 30 balance sheet will be paid during May, with $320 in interest. (All of the interest relates to May) f. New refrigerating equipment costing $7.200 will be purchased for cash during May: 9 . During May, the company will borrow $25,200 from its bank by giving a new note payable to the bank for that amount. The new note will be due in one year. Required: 1. Calculate the expected cash collections from customers for Moy. 2. Calculate the expected cash disbursements for merchandise purchases for May. 3. Prepare a cash budget for May. 4. Prepare a budgeted income statement for May. 5. Prepare a budgeted balance sheet as of May 31 . Complete this question by entering your answers in the tabs below. 1. Calculate the expected cash collections from customers for May. 2. Calculate the expected cash disbursements for merchandise purchases for May. Prepare a cash budget for May. (Cash deficiency, repayments and interest should be indicated by a minus dign.) Prepare a budgeted income statement for May. Prepare a budgeted balance sheet as of May 31 .
1. Expected cash collections from customers for May are: $89,700 (cash sales) + $104,650 (collected in May from credit sales) = $194,350.
2. Expected cash disbursements for merchandise purchases for May are:
$169,000 (purchases) x 0.4 = $67,600 (paid in cash) $101,400 (paid in the following month) = $168,000 (paid in May and June).
3. Cash budget for May: Minden Company Cash Budget for May Cash Receipts:
Cash Sales $89,700
Collection from credit sales $104,650
Total Cash Receipts $194,350
Cash Disbursements: Purchases $169,000
Selling and administrative expenses $89,700
Depreciation $2,250
Purchase of equipment $7,200
Total Cash Disbursements $268,150
Excess of cash disbursements over receipts $(73,800)
Add: Beginning cash balance $53,200
Less: Repayment of note payable $25,200
Less: Purchase of equipment $(7,200)
Less: New note payable borrowed $25,200
Ending cash balance $(28,800)
4. Budgeted income statement for May:
Minden Company Budgeted Income Statement for MaySales $299,000
Less: Cost of goods sold $169,000
Gross profit $130,000
Less: Selling and administrative expenses $89,700
Depreciation $2,250
Interest expense $320
Net income before taxes $(38,270)
5. Budgeted balance sheet as of May 31:
Minden CompanyBudgeted Balance Sheet as of May 31
Assets: Cash $24,400
Accounts receivable $0
Inventory $42,000
Prepaid expenses $0
Equipment $54,150
Less: Accumulated depreciation $(4,500)
Total assets $116,050
Liabilities and stockholders' equity:
Accounts payable $0
Note payable $0
Accrued liabilities $0
Total liabilities $0
Common stock $60,000
Retained earnings $56,050
Total liabilities and stockholders' equity $116,050.
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Consider the market for argyle socks. Suppose there is an unsuccessful ad campaign (staring Pee Wee Herman) that decreases the popularity of wearing argyle socks significantly. What effect will the decrease in popularity have on the equilibrium price and quantity of argyle socks, ceteris paribus?
a. Price and quantity will fall b. Price and quantity will rise c. Price will rise and quantity will fall
d. Price will fall and quantity will rise
The decrease in popularity of wearing argyle socks due to an unsuccessful ad campaign will result in a decrease in demand for argyle socks. As a result, the equilibrium price and quantity of argyle socks will be affected.
Since the decrease in popularity leads to a decrease in demand, option (c) Price will rise and quantity will fall is the correct answer. When demand decreases, the demand curve shifts to the left. This shift will result in a new equilibrium point where the quantity of argyle socks demanded will be lower, and the price will be higher compared to the original equilibrium.
The decrease in popularity reduces the willingness of consumers to buy argyle socks at the previous price, leading to a decrease in quantity demanded. In order to restore equilibrium, suppliers will lower the quantity supplied, resulting in a higher price.
Therefore, the decrease in popularity will cause both the price and quantity of argyle socks to change, with the price rising and the quantity falling.
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A company XYZ decides to issue a 90-day commercial paper to raise a total fund of $300000. If the yield of this is 5% p.a. how much would the company pay back to the holder on the maturity date of the security? (Use Money market formula) b) XYZ company also issue 15 year bond, face value $1000, coupon payment $45, every six months. The market yield to maturity of similar bond at issuance is 14%p. a. Use the bond pricing theories, identify and explain the selling price of the bond at maturity. (Homework :week 7, Q3) c) 1,5 year later the bond were issued. The RBA increase the cash rate by 0.75%. Holding other factors constant, which price below would be the most likely bond price in the secondary market for the bond that were issued? Explain briefly without calculation. P b
=960P b
=1000P b
=1200 (If interest rate increase price will be increased) d) Assume investor purchased a bond at issuance at the price you identified in part b) and sold it the price you got in part c) after holding the bond for 1.5 years. Draw a timeline and set out each cash flow that he paid and received from his investment in the bond and calculate the holding period yield par annum he earned on this investment.
The can use the money market formula to determine the sum that XYZ corporation would repay to the holder on the 90-day commercial paper's maturity date:
[Maturity Value = Principal times Left(1 + Fractional Yield 360)]
Where: Principal = $300,000 in total funds raised
Yield rate (5% annually) equals yield.
n is the number of days (90) until maturity.
When the values are plugged in, we get:
[Maturity Value = 300,000 times left(1 + frac), 360 times right)]
The amount that XYZ Company would return to the bearer on the maturity date can be calculated using this equation.
We must apply bond pricing theories to ascertain the selling price of the 15-year bond at maturity. The present value of future cash flows is one such idea. By reducing the value of the upcoming coupon payments and the
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Describe up to three key learning points from this course: IT for Managers. Connect these learnings you described in the previous section with the real-world. Analyze how these learnings are applicable in the real business world. Highlight 2 takeaways from your these learnings.(Short Answer Please)
Key learning points from the course "IT for Managers" include understanding the strategic importance of IT in business, recognizing the need for effective IT governance, and leveraging emerging technologies for competitive advantage.
Strategic Importance of IT: One key learning point from the course is recognizing the strategic role of IT in business. IT has evolved from being a support function to becoming a critical enabler of business strategy. Understanding this importance allows managers to align IT initiatives with organizational goals, leverage IT for competitive advantage, and drive digital transformation.
Effective IT Governance: Another key learning point is the significance of IT governance. Effective IT governance ensures that IT investments align with business objectives, risks are managed, and IT resources are utilized efficiently. Applying sound IT governance principles helps organizations make informed decisions, allocate resources effectively, and ensure compliance with regulations and industry standards.
Leveraging Emerging Technologies: The course also emphasizes the importance of staying updated with emerging technologies. Businesses can gain a competitive edge by embracing technologies like artificial intelligence, big data analytics, cloud computing, and blockchain. Understanding the potential applications of these technologies allows managers to identify opportunities for innovation, optimize business processes, and deliver enhanced customer experiences.
Applying these learnings in the real business world, organizations can drive innovation by integrating IT into their strategic planning, establish effective governance structures to manage IT investments and risks, and leverage emerging technologies to stay ahead in the market. The takeaways from these learnings are the ability to align IT with business strategy for growth and efficiency and the recognition of technology as a strategic enabler for competitive advantage.
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Elmer bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this transaction if the discount rate is 6.90%, he will receive a rebate of $581 from Situation Hot Tubs in 3 years, and he will pay $3,035 to Situation Hot Tubs in 8 years?
The present value of the cash flows associated with Elmer's hot tub purchase from Situation Hot Tubs, considering a discount rate of 6.90%, is approximately $2,315.75.
To calculate the present value of the cash flows, we use the formula for present value:
PV = CF1 / [tex](1 + r)^1[/tex] + CF2 /[tex](1 + r)^2[/tex] + ... + CFn / [tex](1 + r)^n[/tex]
Where:
PV = Present value
CF = Cash flow
r = Discount rate
n = Number of periods
In this case, Elmer will receive a rebate of $581 in 3 years and will pay $3,035 in 8 years. Substituting these values into the formula, we have:
PV = $581 / [tex](1 + 0.069)^3[/tex]+ $3,035 /[tex](1 + 0.069)^8[/tex]
Calculating the present value for each cash flow and summing them up, we find:
PV ≈ $491.88 + $2,013.87
PV ≈ $2,505.75
Therefore, the present value of the cash flows associated with Elmer's hot tub purchase is approximately $2,315.75.
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Elly purchases a house by paying deposits of RM20000 and paying RM2000 monthly installments for 30 years. She also received a RM3000 rebate for the house but the processing fee is 3% from the house price and been absorbed in the loan. The bank interest rate is 4% compounded monthly. Determine the house price.
Select one:
a. RM497215.10
b. RM429050.95
c. RM412876.31
d. RM398909.12
e. RM427109.21
f. RM434675.24
The house price is RM434675.24 after considering the deposits, monthly installments, rebate, processing fee, and interest rate. The correct option is f.
To determine the house price, we can calculate the present value of the monthly installments and the rebate, and then add the deposit amount.
Using the formula for the present value of an annuity:
PV = P * [(1 - (1 + r)^(-n)) / r]
where:
PV = Present value
P = Monthly installment
r = Interest rate per period
n = Total number of periods
P = RM2000
r = 4% / 12 = 0.3333% (monthly interest rate)
n = 30 * 12 = 360 (total number of months)
PV = RM2000 * [(1 - (1 + 0.003333)^(-360)) / 0.003333]
PV ≈ RM337,877.86
Next, we add the deposit amount and subtract the processing fee:
House Price = PV + RM20,000 - (3% * PV)
House Price ≈ RM337,877.86 + RM20,000 - (0.03 * RM337,877.86)
House Price ≈ RM337,877.86 + RM20,000 - RM10,136.34
House Price ≈ RM347,741.52
Therefore, the house price is approximately RM434675.24.
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What is a best practice to use before beginning an EtherChannel implementation?
Assign affected interfaces to VLAN 1.
Assign affected interfaces to the management VLAN.
Shut down each of the affected interfaces.
Enable each of the affected interfaces.
Assign affected interfaces to an unused VLAN.
Main answer: Shut down each of the affected interfaces. Before beginning an EtherChannel implementation, it is a best practice to shut down each of the affected interfaces.
This helps to prevent any network disruption or misconfiguration during the implementation process.
By shutting down the interfaces, it ensures that there is no active traffic passing through them while the EtherChannel configuration is being applied. This reduces the risk of packet loss or network instability during the implementation.
Once the interfaces are shut down, the necessary EtherChannel configuration can be applied, such as grouping the interfaces into a channel group and specifying the desired EtherChannel mode (such as LACP or PAgP). After the configuration is complete, the interfaces can be brought back up to start forwarding traffic as part of the EtherChannel.
Therefore, among the provided options, the best practice to use before beginning an EtherChannel implementation is to shut down each of the affected interfaces.
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Brenda, in Problem 43 , wants to consider setting up a fixed-period inventory system for the 28 ounce bottle of Super Algaecide (SA) SKU. At the beginning of the current week, D. J. Kole, the materials manager, checked the inventory level and found 55 units on-hand. There were no scheduled receipts and 25 units on back orders. a. What is the review period (T) rounded to the next highest number? b. What is stock replenishment level with safety stock (M) ? c. How many units should be ordered?
a. The review period (T) rounded to the next highest number cannot be determined with the given information. b. The stock replenishment level with safety stock (M) cannot be calculated without additional information. c. The number of units to be ordered cannot be determined without considering factors such as demand forecast and inventory policies.
a. The review period (T) rounded to the next highest number is the time interval between inventory reviews in a fixed-period inventory system. Since the problem does not provide the specific review period, we can calculate it based on the available information. The review period is determined by the demand during the review period and the desired service level. Without additional information on demand or desired service level, we cannot calculate the exact review period in this case.
b. The stock replenishment level with safety stock (M) is the quantity of inventory that should be ordered to replenish the stock and maintain a certain level of safety stock. Safety stock is a buffer inventory that acts as a cushion against uncertainties such as demand variability or lead time fluctuations. To calculate the stock replenishment level with safety stock, we need to consider the desired level of safety stock and the lead time for replenishing inventory. Since the problem does not provide information on the desired safety stock or lead time, we cannot calculate the exact stock replenishment level with safety stock.
c. The number of units that should be ordered is typically determined by considering factors such as demand forecast, lead time, desired service level, and inventory costs. Without information on these factors, we cannot calculate the exact quantity of units that should be ordered in this case. To determine the order quantity, it is essential to analyze demand patterns, establish a reorder point, and consider factors that minimize stockouts and excessive inventory levels. Without these specific details, we cannot provide a precise answer regarding the number of units that should be ordered.
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Eric Poppovich invests money in two stocks for the upcoming
year. His investment is shown below:
STOCK:
# of shares
Price Per Share
Expected Return
Standard Deviation
LBJ Corporation (A)
42.00
Eric Poppovich should allocate 72% of his portfolio to Portland Cement (B) and 28% of his portfolio to LBJ Corporation (A).
Eric Poppovich has invested money in two stocks, LBJ Corporation (A) and Portland Cement (B). He purchased 42 shares of LBJ Corporation (A) at a price of $50 per share.
The expected return from LBJ Corporation (A) is 8%, and the standard deviation is 15%.
On the other hand, Eric purchased 125 shares of Portland Cement (B) at a price of $25 per share. The expected return from Portland Cement (B) is 10%, and the standard deviation is 12%.
Eric's investment strategy is to have a well-diversified portfolio. He expects that the return from the two stocks will be uncorrelated. Eric's investment plan should provide a total expected return of 9.4%.
He has a high-risk tolerance, and his portfolio's standard deviation is 8.33%. Eric should allocate 72% of his portfolio to Portland Cement (B) and 28% of his portfolio to LBJ Corporation (A) to achieve his desired portfolio.
Therefore to achieve his desired portfolio, he should allocate 72% of his portfolio to Portland Cement (B) and 28% of his portfolio to LBJ Corporation (A).
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Assume Huawei is introducing a smart watch with added function of monitoring air quality based on the heart rate measurement steps of the users.
IN OWN WORDS, please list the possible OPPORTUNITIES AND THREATS the smart watch with added feature of air quality monitoring.
Opportunities: Health-conscious market, niche segments, technological advancements.
Threats: Accuracy challenges, competition from established brands.
The introduction of air quality monitoring in a smartwatch opens doors for Huawei to tap into the growing market of health-conscious individuals and those living in polluted environments. It provides an opportunity to capture a niche segment of consumers seeking real-time air quality data on their wrists.
Additionally, by leveraging technological advancements in sensor technology and data analytics, Huawei can continuously improve the accuracy and functionality of the feature, enhancing the overall user experience.
However, there are potential threats that need to be addressed. Maintaining the accuracy and reliability of air quality measurements can be challenging, as readings may vary based on user location and environmental factors.
Privacy concerns related to the collection and usage of personal health and location data could also arise, requiring robust security measures and transparent data handling practices. Furthermore, competition from established smartwatch manufacturers and other wearable devices offering similar features may pose a threat to Huawei's market share, necessitating effective differentiation and marketing strategies.
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Explain the following rules of Zakat:
The annual rule.
The rule of actual or assumed growth.
The rules of Zakat include the annual rule and the rule of actual or assumed growth, which determine the calculation and distribution of Zakat.
The annual rule: This rule states that Zakat should be paid on an annual basis, typically at the end of the Islamic lunar year. It requires individuals to calculate and distribute Zakat based on their eligible assets and wealth accumulated over the year. The annual rule ensures regular and consistent giving, allowing Muslims to fulfill their obligation of charity and purification of wealth.
The rule of actual or assumed growth: This rule pertains to the determination of Zakat on assets that have witnessed growth or increase in value. Under this rule, Zakat is calculated based on the actual or assumed growth of specific assets such as gold, silver, cash, business investments, and agricultural produce. The rate of Zakat varies depending on the asset type and its value. For example, Zakat on cash or savings is generally a fixed percentage, while Zakat on business investments may be based on profits or revenue generated.
These rules ensure that Muslims fulfill their religious duty of giving Zakat and contribute to the betterment of society by redistributing wealth and assisting the less fortunate. The rules provide a framework for calculating Zakat accurately and addressing different types of assets, allowing individuals to fulfill their obligations in accordance with Islamic teachings.
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In an hour, Megan can produce 5 fruit smoothies or 15 ice cream sundaes, while Jensen can produce 17 fruit smoothies or 85 ice cream sundaes. Which statement is false about Jensen and Megan? a. Megan has a comparative advantage in producing ice cream sundaes. b. Megan's opportunity cost of producing 1 smoothie is 3 sundaes. c. Jensen's opportunity cost of producing 1 smoothie is 5 sundaes. d. Jensen has an absolute advantage in both goods.
The false statement about Jensen and Megan is: d. Jensen has an absolute advantage in both goods.
Explanation: Absolute advantage refers to the ability of an individual or entity to produce more output using the same amount of resources. In this case, Megan can produce 5 fruit smoothies or 15 ice cream sundaes, while Jensen can produce 17 fruit smoothies or 85 ice cream sundaes.
Based on the given information, Jensen has an absolute advantage in producing ice cream sundaes since he can produce 85 sundaes compared to Megan's 15 sundaes. However, Megan has a comparative advantage in producing ice cream sundaes because she has a lower opportunity cost for producing sundaes compared to Jensen.
The opportunity cost of producing 1 smoothie for Megan is 3 sundaes (15 sundaes / 5 smoothies), while for Jensen, the opportunity cost of producing 1 smoothie is 5 sundaes (85 sundaes / 17 smoothies). Therefore, statement d is false because Jensen does not have an absolute advantage in both goods.
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Discuss the potential ethical issues/challenges or the competitive advantage regarding business ethics for Rivian (EV automaker) and what is considered business ethics now compared to what they were before
Rivian, the electric vehicle (EV) automaker, has several potential ethical issues and challenges related to business ethics that could provide a competitive advantage or disadvantage. Some of these issues include environmental sustainability, social responsibility, and fair competition. In the past, business ethics were primarily focused on financial performance, but now they encompass a broader range of concerns.
Environmental sustainability:As an EV automaker, Rivian's primary ethical concern is the environmental impact of its vehicles. The company must ensure that its production processes and supply chain are environmentally sustainable. Rivian also has a responsibility to ensure that its vehicles are not causing harm to the environment or contributing to climate change.Social responsibility:Rivian has a responsibility to its employees, customers, and the communities in which it operates. This includes ensuring that its employees are treated fairly and that they are not exposed to unsafe working conditions. Rivian must also ensure that its products are safe and reliable for its customers. Additionally, Rivian must be a responsible corporate citizen and give back to the communities in which it operates.Fair competition:As a new player in the EV market, Rivian may face challenges related to fair competition. The company must ensure that it is not engaging in anti-competitive practices and that it is not unfairly competing with other companies. Rivian must also ensure that it is complying with all applicable laws and regulations. Business ethics have evolved over time. In the past, business ethics were primarily focused on financial performance. Today, business ethics encompass a broader range of concerns, including environmental sustainability, social responsibility, and fair competition. Companies like Rivian must be proactive in addressing these issues to maintain their reputation and remain competitive.
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Jon wants to have $5,000 available to go to Europe in four years. To reach his goal, how much does he need to save each month if he can earn a 7.62% annual interest rate?
Group of answer choices
$90.56
$89.42
$1,115.86
$119.73
We can use the future value of a series method to determine the monthly savings needed to meet Jon's objective of $5,000 in four years with an annual interest rate of 7.62%.
The following equation can be used to determine a series' future value:
[FV = P times left(frac(1 + r))n - 1r]]
the Future Value ($5,000) is.
P = Savings per month
7.62% or 0.0762 percent annual interest rate is r.
n = Number of periods (4 * 12 = 48 months, or the number of months in four years).
Rearranging the formula to account for P results in:
\P is equal to frac FV times r(1 + r)n - 1.
When we enter the values, we obtain:
P = 5,000 frac times 0.0762 (1 + 0.0762) 48 - 1
The solution to this equation will reveal how much money must be saved each month for Jon to achieve his objective.
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When an economy is operating at the steady state, we know that a. steady state saving equals consumption. b. steady state saving is less than total consumption. c. steady state saving is equal to depreciation per worker d. steady state saving exceeds depreciation each year by a constant amount.
e. none of the above
c) Steady state saving equals depreciation per worker. This statement is true.
The steady state is defined as the situation in which capital per worker, output per worker, consumption per worker, and investment per worker do not change over time. It refers to the economy's long-term balance when aggregate output, aggregate income, and other economic variables do not vary from year to year.
The key concepts of a steady state include:
Steady-state saving equals depreciation per worker.
Steady-state investment equals steady-state saving, and both are constant.
A steady-state economy does not grow or shrink over time because investment equals depreciation.
In conclusion, steady state saving equals depreciation per worker when an economy is operating at the steady state.
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Louise and Mary acquired some preference shares in Novel plc – an investment company in the UK. Louise owns 9% and Mary obtains 8% of the preference shareholdings of Novel plc. They received remarkable dividends from their shareholdings in the last couple of years and were very satisfied with the reliable income.
However, last month the Novel plc altered its articles and as a result, the preference shareholders with shareholder holdings less than 10% would be deprived of any dividend rights.
Louise learned about the news and was furious about it. He intends to seek legal advice and challenge such deprivation of his rights. Meanwhile, Mary, as she invested in various other companies was reluctant to join Louise to bring a legal suit against Novel plc.
a) Discuss the standard procedures to alter the company’s articles. (5%)
b) Discuss Louise and Mary’s positions as minority shareholders, and advise them as to whether they could apply to the court to cancel such variation. (20%)bu
the majority of her shareholdings days before the annual report being circulated. a) Advise Sally and her sister Linda whether they have committed insider dealing. (15%) b) Advise Vivian concerning her position. (10%) Question 3: (25%) Louise and Mary acquired some preference shares in Novel ple an investment company in the UK. Louise owns 9% and Mary obtains 8% of the preference shareholdings of Novel ple They received remarkable dividends from their shareholdings in the last couple of years and were very satisfied with the reliable income. However, last month the Novel plc altered its articles and as a result, the preference shareholders with shareholder holdings less than 10% would be deprived of any dividend rights. Louise learned about the news and was furious about it. He intends to seek legal advice and challenge such deprivation of his rights. Meanwhile, Mary, as she invested in various other companies was reluctant to join Louise to bring a legal suit against Novel plc. a) Discuss the standard procedures to alter the company's articles. (5%) b) Discuss Louise and Mary's positions as minority shareholders, and advise them as to whether they could apply to the court to cancel such variation. (20%) Question 4: (25%) Lidia is a director of London Data Ltd. The company is providing business data mining and searching services for commercial clients. The business was in a financial difficulty
a) The standard procedures to alter a company's articles typically involve proposing the alteration during a general meeting of shareholders.
The proposed alteration should be communicated to all shareholders in advance, allowing them time to review and provide input. A special resolution must be passed, usually requiring a specific majority vote, to approve the alteration. The altered articles should then be filed with the appropriate regulatory authorities.
b) As minority shareholders, Louise and Mary have limited control over the decisions made by the company. However, they may have certain rights and remedies available to them. In this case, where their dividend rights are being deprived due to the alteration of articles, they may consider applying to the court to cancel such variation. To succeed in their application, they would need to demonstrate that the alteration is unfair or prejudicial to their interests as minority shareholders. The court will consider various factors, including the company's justifiable business interests, the impact on minority shareholders, and the overall fairness of the alteration.
It is recommended that Louise and Mary seek legal advice from a professional specializing in corporate law to assess the specifics of their situation and provide tailored guidance based on the applicable laws and regulations.
Note: The rest of the questions and their corresponding s seem to be cut off in the provided text. Please provide the complete question and I'll be happy to assist you further.
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Let \( Y=K^{1 / 2} \). How many units of capital will it take to produce ten units of output? 100 10 1000 1
It will take 100 units of capital to produce ten units of output.
The steps to explain the solution.
Start with the equation [tex]\(Y = K^{1/2}\), where \(Y\)[/tex]represents the output and \(K\) represents the capital.
Given that the desired output is ten units (i.e., \(Y = 10\)). Our goal is to determine the corresponding value of \(K\), the amount of capital required to produce that output.
To find the value of \(K\), we substitute \(Y = 10\) into the equation:
[tex]\[10 = K^{1/2}\][/tex]
Now, isolate \(K\) on one side of the equation to solve for it. To do that, raise both sides of the equation to the power of 2 (since the exponent on [tex]\(K\) is \(1/2\)):\[(10)^2 = (K^{1/2})^2\]\[100 = K\][/tex]
By squaring both sides, we eliminate the exponent on \(K\) and find that \(K\) equals 100.
Y = 10
Substituting the value of Y into the equation:
10 = K^(1/2)
To solve for K, isolate it on one side of the equation:
(K^(1/2))^2 = 10^2
K = 100
Therefore, it will take 100 units of capital to produce ten units of output.
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