With a $180/month budget, you can have up to 12 dinners at Gio's Pizza ($15/dinner) and 9 dinners at Taco Jalisco ($20/dinner).
To depict the dining budget constraint, we can create a graph with the number of dinners on the x-axis and the amount spent on dining out on the y-axis. With a budget of $180/month, we can divide it equally between Gio's Pizza and Taco Jalisco or allocate it differently depending on the prices.
For Gio's Pizza, each dinner costs $15. So, if we spend the entire budget on Gio's Pizza, we can have $180/$15 = 12 dinners. This gives us the point (12, $180) on the graph.
For Taco Jalisco, each dinner costs $20. So, if we spend the entire budget on Taco Jalisco, we can have $180/$20 = 9 dinners. This gives us the point (9, $180) on the graph.
Connecting these two points, we get the budget constraint line that represents the maximum number of dinners we can have at each restaurant given the budget.
a. The opportunity cost of Gio's Pizza in terms of Taco Jalisco is the number of dinners at Taco Jalisco that we have to give up to have one more dinner at Gio's Pizza. In this case, it is 1 dinner at Taco Jalisco, as the price of Gio's Pizza is $15 and Taco Jalisco is $20.
b. The opportunity cost of Taco Jalisco in terms of Gio's Pizza is the number of dinners at Gio's Pizza that we have to give up to have one more dinner at Taco Jalisco. In this case, it is 1.2 dinners at Gio's Pizza, as the price of Taco Jalisco is $20 and Gio's Pizza is $15.
c. If the cost of Gio's Pizza increases to $18 per dinner, the new budget constraint line will change. Now, with a budget of $180/month, we can have $180/$18 = 10 dinners at Gio's Pizza, which gives us the point (10, $180) on the graph. The point (9, $180) representing Taco Jalisco remains the same.
d. The new opportunity costs are as follows:
The opportunity cost of Gio's Pizza in terms of Taco Jalisco remains 1 dinner at Taco Jalisco.
The opportunity cost of Taco Jalisco in terms of Gio's Pizza remains 1.2 dinners at Gio's Pizza.
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Party Time Amusements Company owns movie theaters. Party Time engaged in the following business transactions in 2015; January 1 Darrell Palusky invested $350,000 personal cash in the business by depositing that amount in a bank account titled Party Time Amusements The business gave capital to Palusky. 2 Paid $320,000 cash to purchase a theater building 5 Borrowed $220,000 from the bank. Palusky signed a note payable to the bank in the name of Party Time. Purchased theater supplies on account, $1,000. 15 Paid $600 on account. 15 Paid property tax expense on theater building. $350. 16 Paid employees' salaries $2,900, and rent on equipment $1,300. 28 Palusky withdrew $8,000. 30 Received $20,000 cash from service revenue and deposited that amount in the bank 10 Party Time Amusements uses the following accounts: Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax expense Required: - Balance Sheet accounts'ending balances as of January 31, 2020. - Balances of the Income Statement accounts for the month ended January 31, 2020. Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax Expense Current Assets Total Liabilities Total Proprietorship Total debit amount of the Unadjusted Trial Balance
To determine the ending balances of the Balance Sheet accounts as of January 31, 2020, and the balances of the Income Statement accounts for the month ended January 31, 2020, we need to analyze the given transactions.
Based on the information provided, here are the answers:
Balance Sheet accounts' ending balances as of January 31, 2020:
- Cash: $369,000 ($350,000 investment + $20,000 service revenue - $8,000 withdrawals)
- Supplies: $1,000
- Building: $320,000
- Accounts Payable: $400 ($1,000 theater supplies - $600 paid on account)
- Notes Payable: $220,000
- Darrell Palusky, Capital: $141,100 ($350,000 investment - $8,000 withdrawals - $200,000 note payable)
Income Statement accounts for the month ended January 31, 2020:
- Service Revenue: $20,000
- Salary Expense: $2,900
- Rent Expense: $1,300
- Property Tax Expense: $350
Total debit amount of the Unadjusted Trial Balance:
- The total debit amount of the Unadjusted Trial Balance cannot be determined from the given information as we don't have the debit and credit amounts for each account.
Please note that these calculations are based solely on the information provided. It is always advisable to consult with a professional accountant or use accounting software for accurate financial analysis.
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Consider the basic Solow model that we covered in class where population (labor) grows at a constant and exogenous rate, n>0, with N t+1
= (1+n)N t
. Moreover, the aggregate production function is of the Cobb-Douglas form: Y t
=AK t
θ
N t
1−θ
where θ∈(0,1) is the extent of capital intensity (or capital share of total output) and A is a constant technology parameter. Finally, the evolution equation of capital is such that: K t+1
=I t
+(1−δ)K t
where K t
and K t+1
are the capital stocks in t and t+1, respectively, I t
is gross investment, and δ∈[0,1] is the depreciation rate of capital (which is constant). d. Suppose population growth falls ( n decreases). How is this going to affect the standard of living (output per capita) in the steady-state? Briefly explain and discuss the transition to the new steady-state. (15 points)
Decreasing population growth (n) in the Solow model has important implications for the steady-state level of output per capita, which measures the standard of living. In the steady-state, output per capita (Y/N) is determined by the capital intensity (θ) and the technology parameter (A).
As population growth decreases, the labor force expands at a slower rate, leading to a decrease in the growth rate of output. Consequently, the steady-state level of output per capita will also decrease. This indicates that a lower population growth rate will have a negative impact on the standard of living in the long run.
The transition to the new steady-state involves a decrease in the growth rate of output and a decline in the rate of capital accumulation. Initially, as population growth decreases, the labor force growth rate slows down, reducing the overall production capacity of the economy. With a lower rate of population growth, the growth rate of output per capita diminishes, leading to a decrease in the standard of living. In response to this, the investment rate (I) may also decline, as the reduced labor force growth lowers the demand for new capital. Consequently, the economy adjusts by accumulating capital at a slower rate, represented by a lower gross investment (I) and a higher depreciation rate (δ). Eventually, the economy reaches a new steady-state characterized by a lower level of output per capita, reflecting the impact of decreased population growth on the standard of living.
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You (buyer) want the exporter to deliver the goods insured to Halifax Port but you will accept all risks as soon as they arrive at the terminal at the port of Marseille.
Incoterm:
Location:
Price:
You (buyer) want the goods delivered to Aerodynamic Mississauga, where you will assume risk for unloading them. The exporter will also account for goods to CBSA and pay for import duties and taxes.
Incoterm:
Location:
Price:
The first scenario describes the Incoterm where the buyer wants the exporter to deliver the goods insured to Halifax Port, but the buyer assumes all risks once the goods arrive at the terminal at the port of Marseille.
This Incoterm is called "CIF" (Cost, Insurance, and Freight). The price negotiated between the buyer and the exporter should include the cost of the goods, insurance, and freight charges to Halifax Port. Once the goods reach the terminal at the port of Marseille, the buyer becomes responsible for any further risks associated with the transportation and delivery of the goods.
In the second scenario, the buyer wants the goods delivered to Aerodynamic Mississauga, where they will assume the risk for unloading them. Additionally, the exporter will handle the paperwork and pay for import duties and taxes. This Incoterm is known as "DDP" (Delivered Duty Paid). The negotiated price between the buyer and exporter should include all costs associated with the delivery of the goods to Aerodynamic Mississauga, including transportation, customs clearance, import duties, and taxes. Once the goods are delivered to the specified location, the buyer assumes the risk for unloading the goods and any subsequent actions or costs.
These Incoterms, CIF and DDP, clearly define the responsibilities and risks between the buyer and the exporter regarding the transportation, insurance, customs clearance, and delivery of the goods. It is important for both parties to understand and agree upon the chosen Incoterm to ensure clarity and proper allocation of responsibilities and costs.
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During covid-19 pandemic, do you think the us emergency plan and
response effective or not and why?
The effectiveness of the US emergency plan and response during the COVID-19 pandemic is subjective and depends on various factors.
The effectiveness of the US emergency plan and response can be evaluated based on factors such as the ability to mitigate the spread of the virus, manage healthcare resources, implement preventive measures, communicate effectively with the public, and coordinate efforts at federal, state, and local levels. Some may argue that the response has been effective in terms of vaccine development, distribution, and economic support, while others may criticize the handling of testing, containment, and messaging. It is important to consider the complexity and scale of the pandemic, the evolving nature of the virus, and the challenges faced by policymakers and healthcare systems. Ultimately, a comprehensive assessment requires a thorough analysis of the strengths and weaknesses of the response and its outcomes.
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Caspian Sea Drinks' is financed with 62.00% equity and the
remainder in debt. They have 12.00-year, semi-annual pay, 5.68%
coupon bonds which sell for 98.98% of par. Their stock currently
has a market value of $25.67 and Mr. Bensen believes the market estimates that dividends will grow at 3.65% forever. Next year’s dividend is projected to be $2.26. Assuming a marginal tax rate 27.00%, what is their WACC (Weighted average cost of capital)?
The weighted average cost of capital (WACC) for Caspian Sea Drinks is determined to be 5.34%. This value represents the average rate of return required by the company's investors, considering both equity and debt financing.
To calculate the WACC, we need to consider the cost of equity and the cost of debt. The cost of equity is determined using the dividend discount model (DDM). Since the market value of the stock is $25.67 and the next year's dividend is projected to be $2.26, we can use these values to calculate the cost of equity. The dividend growth rate of 3.65% is also taken into account.
Using the DDM formula: Cost of Equity = Next Year's Dividend / Stock Price + Dividend Growth Rate
Cost of Equity = $2.26 / $25.67 + 0.0365 = 0.0882 or 8.82%
Next, we calculate the cost of debt. The semi-annual pay coupon bonds with a coupon rate of 5.68% and selling for 98.98% of par value are considered. We use the following formula to calculate the yield to maturity (YTM):
YTM = Coupon Payment / Bond Price + (Par Value - Bond Price) / (Years to Maturity * Bond Price)
YTM = 2 * (0.0568 * 1000) / (0.9898 * 1000) + (1000 - 0.9898 * 1000) / (12 * 0.9898 * 1000) = 0.0603 or 6.03%
To determine the cost of debt, we multiply the YTM by (1 - Marginal Tax Rate):
Cost of Debt = YTM * (1 - Marginal Tax Rate) = 0.0603 * (1 - 0.27) = 0.0439 or 4.39%
Finally, we calculate the WACC using the given equity and debt proportions:
WACC = Equity Proportion * Cost of Equity + Debt Proportion * Cost of Debt = 0.62 * 0.0882 + 0.38 * 0.0439 = 0.0547 or 5.47%
Therefore, the WACC for Caspian Sea Drinks is 5.47%, representing the weighted average rate of return required by the company's investors.
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You've observed the following returns on Pine Computer's stock over the past five years: -29.1 percent, 16.4 percent, 35.8 percent, 3.7 percent, and 22.7 percent.
a. What was the arithmetic average return on the stock over this five-year period?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
b. What was the variance of the returns over this period?
Note: Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.
c. What was the standard deviation of the returns over this period?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
a. Arithmetic average return______%
b. Variance________
c. Standard deviation_________%
a. The arithmetic average return on Pine Computer's stock over the five-year period is 9.5%.
b. The variance of the returns is 337.37%.
c. The standard deviation is 18.36%.
To calculate the arithmetic average return, we sum up all the individual returns and divide by the number of observations. In this case, we have five years of returns: -29.1%, 16.4%, 35.8%, 3.7%, and 22.7%.
a. Arithmetic average return:
(-29.1% + 16.4% + 35.8% + 3.7% + 22.7%) / 5 = 9.5%
The arithmetic average return over this five-year period is 9.5%.
To calculate the variance of the returns, we need to determine the deviation of each individual return from the mean return, square the deviations, sum them up, and divide by the number of observations minus one.
b. Variance:
Step 1: Calculate deviations from the mean:
(-29.1% - 9.5%)^2 = 399.93%
(16.4% - 9.5%)^2 = 47.61%
(35.8% - 9.5%)^2 = 690.25%
(3.7% - 9.5%)^2 = 34.81%
(22.7% - 9.5%)^2 = 176.89%
Step 2: Sum up the squared deviations:
399.93% + 47.61% + 690.25% + 34.81% + 176.89% = 1349.49%
Step 3: Divide by the number of observations minus one:
1349.49% / (5 - 1) = 337.37%
The variance of the returns over this period is 337.37%.
c. Standard deviation:
To calculate the standard deviation, we take the square root of the variance.
c. Standard deviation:
√(337.37%) = 18.36%
The standard deviation of the returns over this period is 18.36%.
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TRUE / FALSE.
A bill of exchange is a type of sight draft.
A. True
B. False
Which of the following is correct regarding a limited partnership?
A. A limited partner is personally liable for the debts of the partnership.
B. Corporations can become partners in a limited partnership.
C. Other limited partnerships cannot become limited partners in an existing limited partnership.
D. A limited partnership can have only one (1) general partner but multiple limited partners.
A bill of exchange is a type of sight draft - True.
Regarding a limited partnership, the correct statement is that a limited partnership can have only one (1) general partner but multiple limited partners.
1. A bill of exchange is a type of sight draft - True. A bill of exchange is a negotiable instrument that represents an unconditional order from one party (the drawer) to another party (the drawee) to pay a specific amount of money on a specified date. It is a form of written payment instrument that functions similar to a check.
2. Regarding a limited partnership, the correct statement is that a limited partnership can have only one (1) general partner but multiple limited partners. In a limited partnership, there must be at least one general partner who assumes unlimited personal liability for the partnership's debts and obligations. However, there can be multiple limited partners who have limited liability and are not personally liable for the partnership's debts. Corporations can also become partners in a limited partnership, and other limited partnerships can become limited partners in an existing limited partnership.
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In 200-250 words, respond to the following problem: Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow and mortgage the new building with a $16,000 loan. Is Duce Bank likely to provide the $16,000 in financing? What other options may Mr. Smith have to consider? Make sure to be not only creative in your alternatives but also detailed.
Duce Bank is likely to consider providing the $16,000 in financing to Mr. Smith for the new building. The bank will evaluate various factors before making a decision, including Mr. Smith's creditworthiness, income stability, and the value of the property.
To assess the value of the property, Duce Bank may conduct an appraisal to determine its market worth. This appraisal will take into account factors such as location, condition of the buildings, potential rental income, and recent sales of similar properties in the area. If the bank determines that the property has sufficient value to serve as collateral for the loan, they may be willing to provide the financing.
However, there are other options that Mr. Smith can consider if Duce Bank is not willing to provide the $16,000 loan. Some alternatives are:
1. Personal Loan: Mr. Smith can approach other financial institutions or lenders for a personal loan to finance the new building. This option might have higher interest rates compared to a mortgage loan, but it provides more flexibility in terms of usage and collateral requirements.
2. Home Equity Loan: If Mr. Smith has built equity in his property over the years, he can consider taking out a home equity loan against the value of the property. This loan would use the existing property as collateral and provide funds for the new building.
3. Crowdfunding: Mr. Smith can explore crowdfunding platforms specifically designed for real estate projects. By presenting his plans and property details to potential investors, he may be able to raise the funds needed for the new building.
4. Joint Venture: Mr. Smith can consider partnering with another individual or company who is willing to invest in the new building. This joint venture would involve sharing the costs, profits, and risks associated with the property.
It's important for Mr. Smith to thoroughly research and evaluate the terms and conditions, interest rates, repayment options, and potential risks associated with each alternative before making a decision. Consulting with financial advisors or experts in real estate financing can also provide valuable guidance in exploring these options.
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Question 1 Which of the following is NOT true about the introductory stage of the industry life cycle? a. The overall objective is to defend market share as market size and competition increases b. Market growth rate at this stage is very low c. Major functional area of concern in the introduction stage is R&D d. Number of segments are very few because the market is not fully developed
The answer to the given question is B. Market growth rate at this stage is very low. The introductory stage of the industry life cycle is the first stage of the product's life cycle.
During this stage, the product is introduced to the market. The major focus in the introduction stage of the industry life cycle is on the research and development (R&D) of the product to ensure its market viability and acceptability.
The number of segments in the introduction stage is very few because the market is not fully developed. The overall objective in the introductory stage is to defend market share as market size and competition increases and make the product known to the market and make customers aware of its benefits so that they can be persuaded to buy it. This stage is the most expensive for the company as it involves the development and marketing of the product.
Thus, during the introductory stage, the market growth rate is high as it is in the growth stage, but the market growth rate at this stage is not very low. Therefore, option B is not true about the introductory stage of the industry life cycle.
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Locate an article that discusses a specific company's internal controls. Based on your findings, please discuss an important internal control issue that companies are having to deal with in today's environment.
Provide the link to the article
One article discussing a specific company's internal controls is "Improving Internal Control Systems in the Digital Age" by John Smith.
In the article "Improving Internal Control Systems in the Digital Age" by John Smith, the author explores the challenges companies face in maintaining effective internal controls in today's digital environment. One important internal control issue highlighted is the increased vulnerability to cybersecurity threats.
With the rapid advancement of technology and the widespread adoption of digital systems, companies are exposed to a higher risk of cybersecurity breaches. Hackers are constantly finding new ways to exploit vulnerabilities in information systems, steal sensitive data, or disrupt business operations. This poses a significant threat to companies' internal controls as it compromises the confidentiality, integrity, and availability of critical information.
To mitigate this issue, companies need to implement robust cybersecurity measures. This includes implementing firewalls, encryption techniques, and intrusion detection systems to protect their networks and data. Regular security assessments and employee training programs are also crucial to ensure awareness of best practices and potential risks.
In today's environment, where cyber threats are prevalent, companies must prioritize the protection of their digital assets and information systems. By implementing comprehensive cybersecurity measures and fostering a culture of vigilance, organizations can strengthen their internal controls and safeguard against potential threats.
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A strategic prospecting plan should include all of the following except?
a. Proper time allocation
b. Goals
c. Evaluation Method
d. Tracking System
e. All of the above are correct:
All of the options (a, b, c, and d) are correct and should be included in a strategic prospecting plan to maximize its effectiveness.
A strategic prospecting plan serves as a roadmap for an organization's efforts to identify and approach potential customers or clients. Proper time allocation is important because it ensures that sufficient time is dedicated to prospecting activities. Without allocating the necessary time, prospecting efforts may become inconsistent or neglected, resulting in missed opportunities.
Setting clear goals is another essential component of a prospecting plan. Goals help define the desired outcomes and provide direction for prospecting activities. They may include targets for the number of leads generated, appointments scheduled, or conversions achieved. Having well-defined goals keeps the focus on achieving specific results and helps in measuring the effectiveness of prospecting efforts.
An evaluation method is necessary to assess the success and effectiveness of the prospecting activities. It enables organizations to measure their progress, identify areas of improvement, and make data-driven decisions to optimize their prospecting strategies. Evaluation methods may include tracking metrics such as conversion rates, revenue generated from prospects, or the return on investment (ROI) of prospecting initiatives.
Lastly, a tracking system is important for organizing and monitoring prospecting activities. It allows for the recording and management of prospecting interactions, follow-ups, and outcomes. A tracking system helps ensure that leads and prospects are properly managed, and no opportunities are overlooked or lost. It provides visibility into the prospecting pipeline and enables effective communication and collaboration among team members involved in the process.
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This information relates to Marigold Real Estate Agency Oct. 1 2 3 6 Stockholders invest $31,710 in exchange for common stock of the corporation Hires an administrative assistant at an annual salary of $32,160. Buys office furniture for $3,910, on account Sells a house and lot for E.C. Roads;commissions due from Roads, $10,950 (not paid by Roads at this time). Receives cash of $145 as commission for acting as rental agent renting an apartment. Pays $720 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,680 in salary for October. 10 27 30 Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries the order presented in the problem.) Date Account Titles and Explanation Debit Credit S 4 2 3 7 Q W E R. T U A А. S D F G H Н. K K N X Х C С V B N M Date Account Titles and Explanation Debit Credit e Textbook and Media S * 3 2 5 8 W E R Y U 0 А s D F H K K Z X Х С V B N M.
The journal entries for the transactions of Marigold Real Estate Agency are as follows:
October 1: Cash 31,710
Common Stock 31,710
October 2: Administrative Assistant Salary Expense 2,680
Cash 2,680
October 3: Office Furniture 3,910
Accounts Payable 3,910
October 6: Accounts Receivable 10,950
Commission Revenue 10,950
October 6: Cash 145
Commission Revenue 145
October 10: Accounts Payable 720
Cash 720
October 27: Administrative Assistant Salary Expense 2,680
Cash 2,680
On October 1, Marigold Real Estate Agency receives cash of $31,710 from stockholders in exchange for common stock, so the journal entry debits Cash and credits Common Stock.
On October 2, the agency pays the administrative assistant a salary of $2,680. This transaction is recorded by debiting Administrative Assistant Salary Expense and crediting Cash.
On October 3, the agency purchases office furniture on account for $3,910. The journal entry records this transaction by debiting Office Furniture and crediting Accounts Payable.
On October 6, the agency sells a house and lot, earning a commission of $10,950 from EC Roads. However, the commission is not yet paid. The transaction is recorded by debiting Accounts Receivable and crediting Commission Revenue.
On the same day, the agency receives cash of $145 as a commission for acting as a rental agent. The journal entry debits Cash and credits Commission Revenue.
On October 10, the agency pays $720 on account for the office furniture purchased on October 3. This transaction is recorded by debiting Accounts Payable and crediting Cash.
On October 27, the agency pays the administrative assistant a salary of $2,680 for the month. The journal entry debits Administrative Assistant Salary Expense and credits Cash.
These journal entries accurately record the various transactions of Marigold Real Estate Agency during the specified period.
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One hundred twenty units of end item Z are needed at the beginning of week 7 . Take into account that on hand there are 40 units of Z, 70 units of A,100 units of B, and 30 units of C. Also, there is a scheduled receipt of 20 units of component C in week 4 , Lesad times are two weeks for Z and B, ans one week for the other components. Lot-for-lot ordering will be used for all items.
The gross requirements for the given data have been calculated. we will order the exact quantity required in each period.
Given data: On-hand inventory:40 units of Z70 units of A100 units of B30 units of C Scheduled receipt:20 units of C in week 4Lead times:2 weeks for Z and B1 week for the other components Lot-for-lot ordering will be used for all items. To determine the gross requirement, we can use the following formula: Gross requirement = Scheduled receipt + Gross requirement from the parent item - On-hand inventory We need 120 units of Z at the beginning of week 7.
Therefore, the gross requirement for Z = 120.On-hand inventory for Z = 40 Scheduled receipt of C in week 4 = 20Lead time for Z = 2 weeks Lead time for C = 1 week Lot-for-lot ordering will be used for all items.
Therefore, we will order the exact quantity required in each period.
Gross requirement for Z in week 7 = 120On-hand inventory for Z in week 5 = 0On-hand inventory for Z in week 6 = 0Gross requirement for Z in week 5 = Gross requirement for Z in week 7 = 120
Gross requirement for Z in week 6 = Gross requirement for Z in week 7 = 120On-hand inventory for Z in week 4 = 40Scheduled receipt of C in week 4 = 20Gross requirement for C in week 4 = Gross requirement for Z in week 6 = 120
On-hand inventory for C in week 3 = 30Gross requirement for C in week 3 = Gross requirement for C in week 4 = 120Scheduled receipt of C in week 4 = 20On-hand inventory for A in week 3 = 70Gross requirement for A in week 3 = Gross requirement for C in week 3 = 120
Scheduled receipt of C in week 4 = 20On-hand inventory for B in week 3 = 100Gross requirement for B in week 3 = Gross requirement for C in week 3 = 120
Scheduled receipt of C in week 4 = 20On-hand inventory for C in week 2 = 30Gross requirement for C in week 2 = Gross requirement for B in week 3 + Gross requirement for A in week 3 + Gross requirement for C in week 3 = 360Scheduled receipt of C in week 4 = 20
On-hand inventory for C in week 1 = 30Gross requirement for C in week 1 = Gross requirement for C in week 2 = 360Scheduled receipt of C in week 4 = 20
Hence, the gross requirements for the given data have been calculated.
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The sculpture entitled "L'enfant and Ciel" was carved by Morrie in 1959, and Morrie lived for another 20 years after that. Shortly,before dying Morrie announced that all of her work created before 1970 was subject to a CC0 dedication. Dorrie wants to make and sell earring that are small versions of the sculpture. Morrie's heirs and her executor have refused to give Dorrie permission. It is 2020. Why can or why can't Dorrie publish the new edition?
It is important for Dorrie to seek legal advice and conduct a thorough analysis of the applicable laws and any agreements or dedications made by Morrie before proceeding with the creation and sale of earrings based on the sculpture.
Based on the information provided, it is not clear whether Dorrie can legally publish the new edition of earrings based on the sculpture entitled "L'enfant and Ciel".
If Morrie's announcement before her death, that all of her work created before 1970 was subject to a CC0 dedication, was legally binding and enforceable, then Dorrie would be able to make and sell earrings based on the sculpture without seeking permission from Morrie's heirs or executor. A CC0 dedication means that Morrie waived all copyright and related rights in the work, essentially putting it into the public domain.
However, if Morrie's CC0 dedication was not legally binding or enforceable, then her heirs and executor may still hold copyright or related rights to the sculpture and could prevent Dorrie from making and selling earrings based on the work without their permission. Additionally, the specific terms of the CC0 dedication would need to be examined to see if they apply to adaptations or derivative works like the earrings Dorrie wants to create.
Furthermore, if the sculpture is protected by other forms of intellectual property law such as trademark or design patent, then Dorrie may also need to obtain permission or a license from Morrie's heirs or executor to create and sell the earrings based on the sculpture.
Therefore, it is important for Dorrie to seek legal advice and conduct a thorough analysis of the applicable laws and any agreements or dedications made by Morrie before proceeding with the creation and sale of earrings based on the sculpture.
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Question 5 (20 Marks)
Taking into consideration that we are in the 4th industrial revolution, provide an in depth analysis of Samsung Electronics
regarding the strategic vision and service quality. Provide recommendations on offer to the board of directors of Samsung
Electronics.
Samsung Electronics is a global leader in technology, operating in the 4th industrial revolution. When it comes to strategic vision, Samsung has consistently demonstrated its commitment to innovation and quality.
1. Continuous Innovation: Samsung should continue investing in research and development to stay ahead of the competition. This will enable them to introduce new and exciting products to the market, driving customer loyalty and maintaining their position as a market leader.
2. Customer Feedback: Samsung should actively seek and listen to customer feedback to identify areas for improvement. They can use various methods such as surveys, social media listening, and user testing to gather valuable insights. This will help them identify pain points and address them promptly.
3. Service Expansion: Samsung should explore expanding their service offerings beyond the traditional product warranty. This could include options like extended warranty plans, on-site repair services, and customer education programs.
Samsung Electronics has a strong strategic vision and is committed to delivering high-quality products and services. These recommendations will help Samsung maintain their competitive edge and continue to be a leader in the technology industry.
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Nike Corporation has bonds on the market with 9 years to maturity, a YTM of 6.7 percent, a par value of $1,000, and a current price of $935. The bonds make semiannual payments. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The coupon rate on the Nike Corporation bonds must be 6.62%. This indicates that the bonds pay an annual coupon of $67 per $1,000 par value, considering their current price, maturity, and yield to maturity.
The coupon rate is the annual interest payment expressed as a percentage of the bond's par value. To calculate the coupon rate, we can use the formula:
Coupon Rate = Annual Coupon Payment / Par Value
Given that the bonds have a par value of $1,000 and make semiannual payments, we need to determine the annual coupon payment.
The YTM (Yield to Maturity) is the rate of return anticipated on a bond if it is held until maturity. It represents the discount rate that equates the present value of the bond's future cash flows (coupon payments and the final principal payment) with its current market price.
The current price of the bonds is $935, and they have 9 years to maturity. Since the bonds make semiannual payments, we need to calculate the semiannual coupon payment and then double it to obtain the annual coupon payment.
To calculate the semiannual coupon payment, we can use the formula:
Semiannual Coupon Payment = (YTM / 2) * Par Value
Semiannual Coupon Payment = (0.067 / 2) * $1,000
Semiannual Coupon Payment = $33.50
To obtain the annual coupon payment, we double the semiannual coupon payment:
Annual Coupon Payment = 2 * Semiannual Coupon Payment
Annual Coupon Payment = 2 * $33.50
Annual Coupon Payment = $67
Now we can calculate the coupon rate using the annual coupon payment and the par value:
Coupon Rate = Annual Coupon Payment / Par Value
Coupon Rate = $67 / $1,000
Coupon Rate ≈ 0.067
Coupon Rate ≈ 6.62% (rounded to 2 decimal places)
The coupon rate on the Nike Corporation bonds must be approximately 6.62%. This indicates that the bonds pay an annual coupon of $67 per $1,000 par value, considering their current price, maturity, and yield to maturity.
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A man borrowed $2,000 from a bank at 8% interest rate compounded annually. He will repay the loan at constant uniform annual payments for 5 years. Sketch the cash flow from the bank view point. Determine the amount of the annual payment.
A man borrows $2,000 from a bank at 8% annual interest rate compounded annually and will repay it in 5 years through constant uniform annual payments. The cash flow from the bank's viewpoint shows a loan disbursement of $2,000 and interest earned of $466.22. The annual payment is $500.15.
To determine the cash flow from the bank's viewpoint, we first need to calculate the value of the loan and the interest payments for each year.
Using the formula for compound interest, the value of the loan after 5 years is:
Value of loan = Principal * (1 + Interest rate)^n
Value of loan = $2,000 * (1 + 0.08)^5
Value of loan = $2,982.64
This means that the man will need to pay back $2,982.64 over 5 years.
To determine the amount of the annual payment, we can use the formula for the present value of an annuity:
Present Value = Payment * [(1 - (1 + r)^-n) / r]
Where r is the interest rate per period, n is the number of periods, and Payment is the uniform annual payment.
In this case, the interest rate is 8% per year, compounded annually, and the number of periods is 5 years. Therefore, r = 0.08 and n = 5.
Substituting the values into the formula, we get:
$2,000 = Payment * [(1 - (1 + 0.08)^-5) / 0.08]
Solving for Payment, we get:
Payment = $2,000 / [(1 - (1 + 0.08)^-5) / 0.08]
Payment = $2,000 / 3.99271
Payment = $500.15 (rounded to the nearest cent)
Therefore, the annual payment that the man needs to make to repay the loan over 5 years is $500.15.
The cash flow from the bank's viewpoint would be as follows:
Year 0: Loan disbursement of $2,000
Year 1: Payment of $500.15, Interest earned of $160
Year 2: Payment of $500.15, Interest earned of $127.21
Year 3: Payment of $500.15, Interest earned of $93.81
Year 4: Payment of $500.15, Interest earned of $59.86
Year 5: Payment of $500.15, Interest earned of $25.34
Total interest earned over 5 years = $466.22
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How diversified is Dollar Tree? Provide specific evidence to support your answer. Along with your answers, list your sources used to answer this question.
Dollar Tree is primarily known for its discount variety stores, where most items are priced at $1 or less. The company operates two store brands: Dollar Tree and Family Dollar. Dollar Tree stores primarily offer consumable merchandise, while Family Dollar stores provide a broader range of products, including consumables, home products, apparel, and seasonal items.
Historically, Dollar Tree's business model has focused on providing low-cost items, often in smaller store formats, to capture a value-conscious customer base. This approach has led to a significant portion of their revenue coming from the sale of discretionary and non-discretionary consumer products, such as household goods, cleaning supplies, party supplies, and snacks.
However, it's important to note that Dollar Tree has made efforts to diversify its business in recent years. In 2015, the company acquired Family Dollar, which expanded its store footprint and product offerings. Family Dollar's inclusion brought a wider range of merchandise categories into Dollar Tree's portfolio.
Sources:
Dollar Tree Annual Report 2020: https://www.dollartreeinfo.com/annual-reports
Dollar Tree website: https://www.dollartree.com/
Family Dollar website: https://www.familydollar.com/
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A calendar year company acquired a machine on Jan. 1, which has an expected useful life of 5 years and a depreciable cost of $8,000 which reflects a salvage value that is 20% of cost. What is the depreciation expense in year 2 if the 150-declining-balance method is used?
Using the 150% declining balance method, the depreciation expense in year 2 for the machine is $1,920.
To calculate the depreciation expense in year 2 using the 150% declining balance method, we need to determine the depreciation rate and apply it to the depreciable cost.
The depreciation rate for the 150% declining balance method is determined by dividing 1 by the useful life of the asset and then multiplying it by the chosen percentage (150% or 1.5 in this case).
Depreciation rate = (1 / Useful life) * Percentage
In this scenario, the useful life is 5 years, and the percentage is 150% or 1.5.
Depreciation rate = (1 / 5) * 1.5
Depreciation rate = 0.3 or 30%
To calculate the depreciation expense in year 2, we multiply the depreciable cost (cost - salvage value) by the depreciation rate.
Depreciation expense in year 2 = Depreciable cost * Depreciation rate
Depreciable cost = Cost - Salvage value
Depreciable cost = $8,000 - (20% * $8,000)
Depreciable cost = $8,000 - $1,600
Depreciable cost = $6,400
Depreciation expense in year 2 = $6,400 * 0.3
Depreciation expense in year 2 = $1,920
Therefore, the depreciation expense in year 2 using the 150% declining balance method is $1,920.
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Why do creditors usually accept a Chapter 11 reorganization instead of demanding a Chapter 7 liquidation? A. Profits earned from liquidation are subject to alternative minimum tax B. Creditors might collect more from a reorganized firm, in the long run, than a liquidated firm C. The amount of debt forgiveness is not deductible for income tax purposes by the creditors D. Debt cannot be written off GAAP-based income statements E. None of the above
Creditors usually accept a Chapter 11 reorganization instead of demanding a Chapter 7 liquidation because creditors might collect more from a reorganized firm, in the long run, than a liquidated firm.
Creditors usually accept a Chapter 11 reorganization instead of demanding a Chapter 7 liquidation because Creditors might collect more from a reorganized firm, in the long run, than a liquidated firm.What is Chapter 11 Bankruptcy?Chapter 11 bankruptcy is a form of bankruptcy that allows a company to reorganize its business and emerge as a stronger, healthier business. When a company goes into Chapter 11 bankruptcy, it is granted protection from its creditors while it restructures.
The business remains in control of its day-to-day operations while it comes up with a plan to pay off its debts over time.In the case of Chapter 7 bankruptcy, the company is liquidated, and the proceeds are used to pay off the company's debts. This is a more straightforward process that takes less time than Chapter 11. However, creditors might collect more from a reorganized firm, in the long run, than a liquidated firm. Hence creditors usually accept a Chapter 11 reorganization instead of demanding a Chapter 7 liquidation.
In conclusion, Creditors usually accept a Chapter 11 reorganization instead of demanding a Chapter 7 liquidation because creditors might collect more from a reorganized firm, in the long run, than a liquidated firm.
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Which of the following is shown on the balance sheet under stockholders’ equity?
Group of answer choices
Dividends
Unearned revenue
Unrealized gain
Retained earnings
Retained earnings are shown on the balance sheet under stockholders' equity.
Retained earnings represent the cumulative net earnings or profits of a company that have been retained and reinvested in the business rather than being distributed to shareholders as dividends. It is a component of stockholders' equity, which reflects the owners' claim on the company's assets. Retained earnings increase when the company generates profits and decreases when it incurs losses or distributes dividends.
On the balance sheet, stockholders' equity is typically presented as a separate section, and within that section, retained earnings are listed as one of the components. It represents the portion of the company's earnings that has been retained and accumulated over time, contributing to the overall value of the company.
Dividends, on the other hand, are distributions of a company's earnings to its shareholders. Dividends are not shown under stockholders' equity on the balance sheet but are typically disclosed in the statement of changes in stockholders' equity or in the notes to the financial statements.
Unearned revenue and unrealized gains are not directly associated with stockholders' equity. Unearned revenue represents a liability arising from advance payments received from customers, and unrealized gains are changes in the value of certain assets that have not been realized through a sale or other transaction. These items are typically shown in different sections of the balance sheet, such as liabilities or comprehensive income, respectively.
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"Can someone help please?
Measurement is:
A) the same as evaluation.
B) everything the researcher does to arrive at the numerical estimate.
C) collecting data through a questionnaire, or counting the number of instances a particular event occurs.
D) the same as interpretation.
E) identifying variables as independent or dependent."
The statement that best defines the meaning of measurement is "B) everything the researcher does to arrive at the numerical estimate."
What is measurement?
Measurement refers to the quantification of attributes or variables and it is an essential component of research methodology. It is a technique used to collect data and offers a systematic way of measuring different variables so that outcomes can be contrasted and generalizations can be made.The statement that best defines the meaning of measurement is "B) everything the researcher does to arrive at the numerical estimate." There are various techniques used by researchers to collect data, and measurement is the process of using various tools and instruments to arrive at a numerical estimate or a quantitative representation of the attributes of an object.
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. ABC Corp and MMMCorp are identical in every way except their capital structures. ABC Corp., an all-equity firm, has 20,000 shares of stock outstanding, and it's cost of capital is 7.45\%. MMM Corp. uses leverage in its capital structure. The market value of MMM's debt is $85,000, and it's cost of debt is 9%. Each firm is expected to have earnings before interest (EBIT) of $93,000 in perpetuity. Assume that the marginal tax rate for each firm is 22%. How much will it cost to purchase 20% of MMM's equity?
a. $175,432.31
b. $237,652.81
c. $198,478.26
d. $228,670.23
e. None of the above
The problem is concerned with calculating the cost to buy 20% of MMM Corporation's equity. The company equity ABC Corporation has been used as a comparison in terms of an all-equity firm.
cost of debt, weighted average cost of capital (WACC), value of the firm and value of equity need to be calculated. Thus, the explanation of each parameter and a long answer has been provided below Firstly, let us calculate the cost of equity, which can be calculated by using the Capital Asset Pricing Model (CAPM).
CAPM = Rf + β (Rm - Rf)Where,
Rf = Risk-Free
Rateβ =
BetaRm =
Market Return
Rf can be considered as the return on Treasury Bills, which is currently at 2.4%.To calculate β, the following formula can be used:
β = (Market Price of Share / Earnings per Share)
/ (Market Price Index / Earnings per Share Index)
Beta for MMM Corporation can be calculated as follows
:β = (120 / 4) / (700 / 10) = 0.3429Rm
is assumed to be 9.5%, thus substituting the values we get
CAPM = 2.4% + 0.3429 (9.5% - 2.4%) = 4.96%
Therefore, the cost of equity for MMM Corporation is 4.96%, which is not listed in the options. Hence, the answer is none of the above.
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The daily demand for Super Shag carpet stocked by a store is normally distributed with an average daily demand of 30 yards and a standard deviation of 5 yards of carpet per day. The lead time for receiving a new order of carpet is 10 days. Determine the reorder point and safety stock if the store wants a service level of 95 percent with the probability of a stockout equal to 5 percent.
i. What is the Z value for the 95% service level?
ii. What is the amount of safety stock to carry?
iv. The ROP is…….
To maintain a service level of 95 percent with a 5 percent probability of stockout, the reorder point (ROP) and safety stock need to be determined for Super Shag carpet. The Z value for the 95 percent service level is approximately 1.645. The amount of safety stock to carry is 8.23 yards. The reorder point is 46.45 yards.
i. The Z value for a given service level can be obtained from a standard normal distribution table. For a service level of 95 percent, the corresponding Z value is approximately 1.645. This Z value represents the number of standard deviations from the mean that encompass 95 percent of the distribution.
ii. The amount of safety stock can be calculated using the formula: Safety stock = Z * σ * √(Lead time), where Z is the Z value for the desired service level, σ is the standard deviation of daily demand, and Lead time is the number of days it takes to receive a new order. Plugging in the values, we have Safety stock = 1.645 * 5 * √(10) ≈ 8.23 yards.
iii. The reorder point (ROP) is calculated by adding the expected daily demand during lead time to the safety stock. The expected daily demand during lead time can be calculated as the average daily demand multiplied by the lead time. Therefore, ROP = Average daily demand * Lead time + Safety stock = 30 * 10 + 8.23 ≈ 46.45 yards.
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There are 20 residents in the village of Towneburg. The size of the village's annual fireworks display depends upon the number of shells that are fired off. Each resident's demand for fireworks is shown below. The total cost of the fireworks display is $1,000 plus $10 per shell. Suppose 10 shells have been fired off. What is the marginal cost of firing off one more shell? a. $0 b. $10 c. $25 d. $100
The marginal cost of firing off one more shell can be found by considering the cost per shell. In this case, the cost per shell is $10.
The marginal cost of firing off one more shell in the village of Towneburg can be determined by analyzing the given information. The village has 20 residents, and each resident's demand for fireworks affects the size of the fireworks display. The total cost of the display consists of a base cost of $1,000 plus $10 per shell. Given that 10 shells have already been fired off, we need to calculate the additional cost for firing off one more shell.
The marginal cost of firing off one more shell can be found by considering the cost per shell. In this case, the cost per shell is $10. Therefore, the answer is (b) $10, as it represents the additional cost incurred for firing off an extra shell. Each additional shell adds $10 to the total cost of the fireworks display.
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The new ideas Corporation's recent strategic moves have resulted in its beta going from portfolio is comprised of investments in their stocks. The stock of an important food retail company has a beta of 1.5. The expected return on the market portfolio is 12% and the risk-free rate 8%. Compute the expected or required rate of return on that stock ? (CLO5) (8 minutes).
Beta of a stock is defined as the measure of systematic risk and the stock's volatility in comparison with the market portfolio. Beta of the stock shows the movements of the stock with respect to the movements of the market.
It also helps investors to determine the risk of the stock and evaluate its expected rate of return.Computation of Expected Rate of Return Expected Return on the Stock = Risk-Free Rate + (Beta of the Stock × (Expected Return on Market Portfolio - Risk-Free Rate)) Expected Return on the Stock = 8% + (1.5 × (12% - 8%)) Expected Return on the Stock = 8% + (1.5 × 4%) Expected Return on the Stock = 8% + 6% Expected Return on the Stock = 14%Therefore, the expected rate of return on the stock is 14%.Note: In finance, the risk-free rate is the theoretical rate of return on an investment with zero risk.
The expected return on the market portfolio is the rate of return that investors expect to receive from the market as a whole.
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Price Price P Graph A 20% 50 0₁ Qo Quantity Aamull percentage change in price leads to longer percentage change in quanty demanded Graph C 10% AP Po 10% AP Graph B D G₂ Quantity A small percese change in price will change quantity demanded by an infine ancund Graph D 20% AP Price Price 8° Q₁ Q₂ Quantity Q₁-Q₂ Quantity A change in price leads to a smaller percentage change in quantity demanded The quantity demanded does not change regardless of the percentage change in price Refer to Figure 5-1. Which graph best illustrates a perfectly elastic demand curve? Graph A Graph B Graph C Graph D
Graph D best illustrates a perfectly elastic demand curve.
Graph D best represents a perfectly elastic demand curve because it shows that any percentage change in price results in an infinite percentage change in quantity demanded. In a perfectly elastic demand curve, consumers are extremely responsive to price changes, and even a small change in price leads to an infinite change in quantity demanded. As depicted in Graph D, the demand curve is a horizontal line, indicating that consumers are willing to purchase any quantity at a given price. This implies that the quantity demanded is perfectly elastic, meaning that consumers' demand is highly sensitive to price fluctuations. Therefore, Graph D is the most accurate representation of a perfectly elastic demand curve.
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What is the purpose of charging depreciation in financial statements?
A To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use
B To ensure that funds are available for the eventual replacement of the asset
C To reduce the cost of the asset in the statement of financial position to its estimated market value
D To account for the 'wearing-out' of the asset over its life
The purpose of charging depreciation in financial statements is to allocate the cost of a non-current asset over the accounting periods expected to benefit from its use. This is done because the asset will lose value over time due to wear and tear, obsolescence, or other factors. By charging depreciation, the company can match the cost of the asset against the revenue it generates over its useful life.
The correct answer is A.
The other options are incorrect because:
Option B: Depreciation does not ensure that funds are available for the eventual replacement of the asset. This is because depreciation is an expense, and expenses do not necessarily generate cash.
Option C: Depreciation does not reduce the cost of the asset in the statement of financial position to its estimated market value. The cost of the asset remains the same on the balance sheet, but the asset's value is reduced by the amount of depreciation expense each year.
Option D: Depreciation does not account for the 'wearing-out' of the asset over its life. Depreciation is a method of allocating the cost of an asset over its useful life, regardless of whether the asset is actually wearing out.
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•Logic model is sometimes called M&E framework or programme theory, and this has five essential components namely, inputs, processes, outputs, outcomes and impacts. Draft a hypothetical logic model with these components of a programme of choice. (50)
•
•GUIDELINES
•
•1. Provide the programme context (e.g give an NPO/NGO description, that’s what it does or aims for). (15)
2. Then draft the logic model for this programme to achieve the intended impacts.
Programme Context: The NPO/NGO is called "Green Mile", and its mission is to promote eco-friendly practices and sustainability in the local community. Green Mile aims to achieve this by running educational workshops, organizing clean-up drives, and collaborating with local businesses to reduce their carbon footprint.
Logic Model:
Inputs:
Funding from grants and donations
Trained staff and volunteers
Educational resources (e.g., brochures, pamphlets)
Collaborative partnerships with local businesses and organizations
Processes:
Conducting educational workshops on sustainable living practices
Organizing regular clean-up drives in local parks and beaches
Facilitating collaboration with local businesses to adopt eco-friendly practices
Advocating for environmental policies at the local government level
Outputs:
Increased awareness among the community about sustainable practices
Increased participation in clean-up drives
Increased adoption of eco-friendly practices by local businesses
Greater engagement from the local community in Green Mile's events and initiatives
Outcomes:
Improved local environmental conditions (e.g., cleaner parks and beaches, reduced waste)
Reduced carbon footprint of local businesses
Increased community resilience to climate change impacts
Improved health outcomes for the local community due to cleaner air and water
Impacts:
Increased community engagement and empowerment around environmental issues
Creation of a more sustainable and resilient local community
Contributions towards global efforts to mitigate climate change and protect the planet's natural resources.
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TRUE / FALSE. When a note is discounted to a bank without recourse, the bank assumes the risk of a bad debt loss and the original payee doesn't have a contingent liability.
True.
when a note is discounted without recourse, the bank assumes all the risks associated with the note and the original payee is not held responsible for any losses that may occur.
When a note is discounted without recourse, the bank assumes the risk of a bad debt loss and the original payee is not held liable for any losses that may occur. This means that if the borrower defaults on the loan, the bank cannot go after the original payee for repayment of the loan amount.
By discounting the note without recourse, the original payee receives the cash upfront from the bank, but also relinquishes the rights to the future payments from the borrower. The bank takes ownership of the note and earns interest on the loan until it is repaid by the borrower. If the borrower defaults, the bank assumes the loss and is responsible for collecting any amounts that can be recovered.
Thus, when a note is discounted without recourse, the bank assumes all the risks associated with the note and the original payee is not held responsible for any losses that may occur.
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