the table below lists the marginal product per hour of workers in a lightbulb factory. lightbulbs sell for $2 each, and there are no costs to producing them other than labor costs. compute the value of the marginal product for each additional worker.
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A company will always hire up to the point where the salary is equal to the marginal product's value. The difference between the value of the marginal product and the cost of recruiting extra labour is represented by the wage.
As you can see in the table, when the wage rate is $24, the firm should hire 7 workers since, at that wage rate, the marginal product is equal to $24.
The firm should hire 4 workers when the hourly rate is $36. As seen in the table, the marginal product is worth $36 when the firm hires 4 workers.
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one way to protect us makers of refrigerators from international competition is to limit the number of foreign-made refrigerators that can be imported into the country. this would be an example of .
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Limiting the amount of foreign-made refrigerators that may be brought into the country is one strategy to safeguard American refrigerator manufacturers from worldwide competition. An example of an import quota would be this. As a result, the correct term is an import quota.
What is an import quota?An import quota is a sort of trade restriction that establishes a physical limit on the amount of an item that may be imported into a nation over a specific time period. Quotas, like other trade restrictions, are generally implemented to benefit the economy's producers of an item (protectionism).
For example, China has a quota of 300,000 tonnes per year for Cambodian rice exports.
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roland wants to avoid paying for the training program and claims the contract is indivisible and thus unenforceable. is he correct?
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Indeed, if Roland could prove that Parna's employment as a poker dealer was the primary goal of the contract, then declaring certain provisions unlawful would significantly alter the terms of the agreement.
By paying, what do you mean?To pay someone is to give them money in order to fulfill a duty or settle a debt. Pay is another word for exchanging money for something. Another definition of pay is salary or wages. Pay can be used in a wide variety of verbal and noun contexts.
Who pays the bill and what is their name?Payer and payor are synonymous terms. the person who makes the payment, fulfills the claim, or resolves a debt. For instance, the payor is the individual who writes the check or the employer who pays the employee.
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cardinal industries purchased a generator that cost $11,000. it has an estimated life of five years and a residual value of $1,000. it is estimated that it will be good for 5,000 hours. compute the depreciation expense for the first year using the units-of-activity method of depreciation assuming the generator was used for 1,040 hours. a.$2,288 b.$208 c.$2,080 d.$2,000
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Depreciation spreads an asset's cost across its lifetime, keeping track of depreciation expenses is crucial for reporting purposes. Depreciation cost is $2080
Calculate depreciation expense?Given: A generator costs $1000
Remaining value is $1000.
Generator life expectancy is 5000 hours.
1040 hours were actually spent working within the time period.
Using the units-of-activity method, find the depreciation expense for the first year.
Formula;
Depreciation expense
=(cost - residual value)/total estimated life activity *actual activity per formed
Depreciation cost =11000-1000/5000*1040
first parenthesis
Depreciation costs =10000/5000*1040
Depreciation costs =2*1040
= 2080
As a result, $2080 in depreciation costs are incurred for the first year using the units-of-activity technique.
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bird wing bedding can lease an asset for 4 years with payments of $20,000 due at the beginning of the year. the firm can borrow at a 6% rate and pays a 25% federal-plus-state tax rate. the lease qualifies as a tax-oriented lease. what is the cost of leasing?
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The cost of leasing is $56234.47 for bird wing bedding
The Present Value (PV) is an estimation of the current value of a stream of future cash flows. Due to the "time value of money," all future cash flows must be discounted to the present using a rate that accurately reflects the expected rate of return (as well as risk profile).
Cost of leasing = Present value of future cash flows i.e. after-tax lease payments.
After-tax lease payment = $20,000 * (1 -0.25) = $15000
The discount rate used to calculate present value =After-tax borrowing cost
=Interest rate * (1 -tax)
= 6% * (1 - 0.25)
= 4.5%
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if someone has a home valued at $100,000 and they currently owe $60,000. what is the biggest home equity line of credit they can get if the bank requirement for ltv is 90%.
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Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
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what is a disadvantage of an international strategy? failure to appropriate learnings from other cultures low-local responsiveness many independent organizations difficult to coordinate
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An international strategy can expand your company's customer base, but it has the drawback that cultural differences in other nations may hinder your marketing efforts.
What exactly is a global strategy?A global firm is one that exports internationally or offers services to customers or clients in other nations. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while keeping a head office or offices in their home nation.
There is no one method that works for all business ventures that involve global expansion. Companies may decide to invest more in their target markets as they expand and scale. Since an organization's foreign strategy is essentially an extension of its home strategy, it scores poorly on both global integration and local response.
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a company bought a new $62,000 heating system. the company paid $58,800 cash and was given a trade-in of $3,200 on an old heating system. the old system had an original cost of $55,900 and accumulated depreciation of $50,600. if the transaction has commercial substance, the company should record the new heating system at:
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New heating system = $62,000
Fair value is used to calculate the cost price of the acquired item. The fair value of the asset given up will be used if it is possible to determine the fair value of both the asset acquired and the asset is given up. It is possible to use that value unless the fair value of the acquired asset is more obvious.
Measurement of New Heating System :
Cash = $58,800
Trade-In Value = $3,200
Total = $62,000
Therefore, a company bought a new heating system for $62,000.
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when dr. kracker introduces a new kracker product, it offers free samples in heb and other grocery stores. these efforts have a primary promotional objective of
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These efforts have a primary promotional objective of attracting new customers towards the new Kracker product.
What is promotion?Any marketing communication designed to inform intended audience of the relative benefits of a certain good, service, idea, or brand is referred to as promotion in the marketing industry. Promotional communications are typically persuasive in nature. Both a cognitive and an emotive path can help marketers establish a distinctive spot in their target audience's minds. Promoting a brand seeks to raise interest in it, enhance brand loyalty, or improve sales. It was first documented in 1925 that the term "promotion" may be used to refer to "advertising or publicity." It could be a contraction of the word "sales promotion," which is a term connected to marketing communications and one of the many instruments utilized in that process.
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which historical perspective is grounded in the twin notions of the freedom of the marketplace and of market competition that became dominant in the 1990s and continues with force today?
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The foundation of the free marketing point of view is the coexisting, powerful ideas of market competition and market freedom that first gained traction in the 1990s.
What are types of freedom?Freedom of expression, freedom of thought, freedom of expression, freedom of press, freedom to select ones personal position in life, freedom from religion, freedom from slavery and servitude, and freedom of mobility are some examples of different types of freedom.
What is freedom and why is it important?Freedom, in essence, is the capacity to choose our own actions. We are free to express our opinions openly, to follow the course we want to take in existence, and to interact with anyone we desire. This enables us to be unique individuals who may design our own special lives.
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when betty crocker introduced its asian favorites and mexican favorites flavors of its helper line, it gave special offers to supermarkets to carry the new product and supplemented these offers with consumer advertising. betty crocker's primary objective is to
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Betty crocker's primary objective is to facilitate reseller support.
Producers generally want to help resellers sell their products, and resellers expect producers to support their products. compete with promotional efforts
A reseller is a type of channel partner who acts as a go-between for companies that manufacture, distribute, or provide IT products or services and end users, who can be businesses or consumers.
Working with a reseller can also help you find products faster. A company that needs to buy multiple technology components can do so through a single reseller rather than approaching multiple manufacturers or service providers directly. Customers may be drawn to resellers by competitive pricing.
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kate company submitted an offer to purchase a plot of land that was listed at $120,000. kate's offer was 10% below the list price and was accepted. kate paid $10,000 to remove an old structure in order to make the land ready for use as a building site. title and attorney fees amounted to $3,000. annual property taxes amounted to $5,000 per year. based on this information, the cost of the land as shown on the balance sheet equals:
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A title search rate levels from $75 – $200, relying on factors like the place the property is located.
How do you calculate annual property rates?Residential Property
Once you have your valuation, termed the market value, deduct R350 zero to arrive at the rateable value. Multiply the price in the Rand (R0,008619)) via the rateable value. This will supply you your annual rates. Divide this quantity by using 12 to get your month-to-month rates.
Property tax is the annual quantity paid by means of a land owner to the nearby government or the municipal organisation of his area. The property includes all tangible real estate property, his house, workplace constructing and the property he has rented to others.
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https://brainly.com/question/4244513#SPJ4in a competitive marketplace, why would a firm price its product slightly higher than those of its rivals?
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Because by setting a lower price, consumers are looking for the cheapest price among the many choices they face. So that, a firm will reached high profit.
Price generally can be defined as the amount of money that consumers have to pay to sellers to get the goods or services they want to buy. Therefore, prices are generally determined by the service owner or also seller. However, consumers or buyers can bid the price in the art of buying and selling. Then the transaction takes place when an agreement has been reached between the buyer and the seller. But bargaining cannot be done in all marketing lines. A purchase in the market is one of the example of a transaction that uses a bargaining system.
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market offerings which have elements of both a product and service, and focus on how they make customers feel are called
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Market offerings which have elements of both a product and service, and focus on how they make customers feel are called Core customer values.
A company's marketing offering is a good or service it offers customers in order to fill their demands. A product or service is only one aspect of an offering. It covers the added value that a company provides in the form of customers convenience, superiority, and support to its products. Offerings include things like banking, medical, bus or taxi services, travel agencies, lodging, and tax preparation. Market offerings, in a broader sense, also include other things like people, places, organizations, information, and ideas.
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one of the allegations in a recent fraud was that confirmations of account balances to various banks were determined to be forgeries. auditing standards state that an audit rarely involves the authentication of documentation, nor is the auditor trained as or expected to be an expert in such authentication. what steps could the auditors have taken to ensure that bank confirmations were reliable?
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The following steps could auditor have taken to ensure that bank confirmations were reliable
designing external assuranceauditor's use of appropriate assuranceAttsation is the process of obtaining and evaluating direct communications from third parties in response to requests for information on specific issues affecting statements related to the financial statements.
Auditing Standard #8, Audit Risk, describes the audit risk model. It assesses inherent and control risks, determines an acceptable level of detection risk, and develops an assurance program to achieve a reasonably low level of assurance risk using appropriate assurance at the level of Assertion.
It explains the concept of designing. The auditor should: Assess the risk of material misstatement at the assertion level. ISA 500, “Audit Evidence,” states that the reliability of audit evidence is affected by its source and nature, and the individual circumstances in which it was obtained.
but note that the following generalizations regarding the reliability of audit evidence may be helpful:
• Audit evidence is more reliable when obtained from independent sources outside the organization.
• Audit evidence obtained directly from the auditor is more reliable than audit evidence obtained indirectly or by inference.
• Audit evidence is more reliable when it is in document form.
• Original audit evidence is more reliable than photocopy or fax audit evidence.
Accordingly, audit evidence in the form of original written responses to requests for confirmation from third parties unrelated to the audited entity should be viewed separately. Significantly reduces the risk of misrepresentation of related claims to an acceptably low level.
Auditor may request external confirmation of the terms of any contract the company has with a third party or of her transactions. The Other examples of situations in which external confirmation can be used are: • Bank balances and other information from bankers.
• Customer Balance.
• Investments purchase
• Vendor balance.
he reliability of audit evidence obtained from external assurance depends, among other things, on the auditor's use of appropriate assurance procedures in designing external assurance requirements, performing external assurance procedures, and evaluating their results.
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Refer to the data. Suppose that this bank currently has $6 million in excess reserves and that customers of this bank collectively write checks for cash at the bank in the amount of $6 million. As a result, the bank's excess reserves diminish to:
A) $0.
B) $6 million.
C) $0. 72 million.
D) $0. 84 million
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The presented information indicates that the company's excess reserves have decreased to $0.84 million.
Who are these customers, exactly?An individual or company that orders products or services from that other company is known as a customer. Customers are important since they bring in money. Without them, businesses would not continue to operate.
Customers and consumers are who?The person making the purchase is the customer. The final user of any service or product is the consumer. Consumers are not permitted to sell any goods or services again. Customers must spend money on a good or service before using it.
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the practice by which managers and other employees find jobs within their own companies for relatives is known as
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The practice by which managers and other employees find jobs within their own companies for relatives is known as nepotism.
A benefit, privilege, or entitlement given to family members and friends in a profession or sector is known as nepotism. Business, politics, academics, the arts, sports, fitness, religion, and other spheres may fall under this umbrella. The phrase first appeared when Catholic bishops and popes appointed their nephews to significant positions.
Numerous philosophers have condemned nepotism since antiquity, calling it both wicked and foolish. The word nepotism is derived from the Italian nepotismo, which is derived from the Latin nepos, which means nephew.
Some Catholic popes and bishops, who had taken vows of celibacy and, as a result, typically had no legitimate offspring of their own, have given their nephews such positions of preference as were frequently given by fathers to sons since the Middle Ages and until the late 17th century.
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which statement is true of gray markets? multiple choice firms find it easy to track exactly how much of their products sell in the gray market. gray market exchanges have become more difficult than ever. gray markets raise the prices that customers must pay for goods. gray market goods can be a boon for consumers. gray markets have helped to shift the balance of power from customers to companies.
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Gray market products might be advantageous for buyers is the true statement.
An unregulated market for financial securities is known as a gray market. When a stock that has been halted from trading trades off the market or when new securities are purchased and sold before official trading begins, this is known as gray (or "grey") market trading. Because it is a "when issued" market, the gray market enables the issuer and underwriters to evaluate demand for a new offering (i.e., it trades securities that will be offered in the very near future). Although it is an unauthorized business, the gray market is lawful.
The import and selling of items by unlicensed dealers is another form of "gray market" activity, which is unofficial but not unlawful.
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what, according to the memo, are some of the negative effects of air pollution? decreased cognitive performance slow economic growth increased mortality an increase in premature births
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According to the memo, are some of the negative effects of air pollutions decreased cognitive.
Air pollution is contamination of the indoor or outdoor surroundings with the aid of any chemical, physical or biological agent that modifies the herbal characteristics of the surroundings.
Family combustion gadgets, motor vehicles, commercial facilities and woodland fires are commonplace sources of air pollutants.
Air pollution is the contamination of air due to the presence of substances in the ecosystem that are dangerous to the health of humans and other living beings, or purpose harm to the weather or to materials. there are numerous unique sorts of air pollutants, including gases, particulates, and organic molecules.
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which organization has primary standard setting authority over private not-for-profit organizations?
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The FASB is in charge of developing standards for both for-profit and for-profit businesses. The GASB is in charge of setting standards for municipal and state governments.
For private not-for-profit organizations, which financial statements are necessary?Financial position statement (SOP) The SOP is the nonprofit industry's counterpart of the balance sheet for a for-profit business.
a list of your actions.
Statement of operational costs
Cash flow statement.
yearly report
Which of the following describe private, not-for-profit organizations' net asset classes?both net assets and net assets subject to donor limits. The FASB specifies three types of restricted net asset classes: permanently restricted and temporarily restricted.
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calculate the annual coupon payment if the semi-annual coupon paying bond price is $1,128, the yield for the bond is 10%, the bond's face value is $1,000 and matures in 9 years.
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$121.90 will be annual coupon payment.
To determine the yearly coupon payment on a bond, just multiply the bond's face value by the annual coupon rate. That instance, if a bond has a face value of $1000 and an annual coupon rate of 10%, the yearly coupon payment is 10% of $1000, or $100.
A coupon, also known as a coupon payment, is the yearly interest rate paid on a bond that is stated as a percentage of the face value and is paid from the date of issuance until maturity. Coupons are often described in terms of the coupon rate (the sum of coupons paid in a year divided by the face value of the bond in question).
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suppose you have invested in a new computer company whose profitability depends on (1) whether the u.s. congress passes a tariff that raises the cost of japanese computers and (2) whether the u.s. economy grows slowly or quickly. what are the four mutually exclusive states of the world that you should be concerned about?
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The four mutually exclusive states will be:
Slow growth with tariff.Slow growth without tariff.Fast growth with tariff.Fast growth without tariff.What are mutually exclusive states?A statistical concept known as mutual exclusion refers to two or more events that cannot occur simultaneously. It is frequently used to describe a scenario where one outcome takes precedence over the other. For instance, it is impossible for peace and war to coexist. They can't coexist because of this.
Events that cannot occur at the same time are said to be mutually exclusive. An assortment of situations come to mind, such as right and left hand turns, even and odd numbers on a die, winning and losing a game, or running and walking. Events that are not mutually exclusive may occur simultaneously.
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use the information in the table about the mythical kingdom of ruritania to answer the questions. answers should be percentages rounded to one decimal place. year gdp (billion krone) working age population (millions) labor force (millions) workers employed full time (millions) 2012 4000 48.0 38 36 2013 5000 52.8 38.38 36.8 2014 4204 58.1 38.76 34.6 2015 4308 63.9 39.15 34.6 what was the labor force participation rate in 2013? labor force participation rate in 2013: % what was the labor force participation rate in 2015? labor force participation rate in 2015: %
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According to The Economics Daily's analysis of data from the U.S. Bureau of Labor Statistics, the labor force participation rate fell to 62.4% in September 2015.
Explain about the labor force participation?
The rate of labour force participation is calculated by dividing the labour force by the total number of people who are working-age. The working age population ranges in age from 15 to 64. This statistic is broken down by age and expressed as a percentage of each age group.
Demographic factors like sex, birth year, education, marital status, and the presence of young children at home affect people's labor force participation differently.
Researchers have identified a number of factors that contribute to low labor force participation. Briggs (2021) lists factors including daycare shortages, excessive short-term savings, and changed work choices as drivers of the decline in labor force participation.
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planters corp. has an account that was written off in april. in the following month, planters believe that the amount would be collected from the customer in full. the entry to reinstate the account would require
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planters corp. has an account that was written off in April. in the following month, planters believe that the amount would be collected from the customer in full. the entry to reinstate the account would require a debit to the Receivables account - Credit to Uncollectible Account Allowance.
How are uncollectible accounts determined?By summing together all transactions involving accounts receivable, determine the total credit sales. To calculate the bad debt expenditure, consult the final income statement from the prior year. The total amount of receivables written off as uncollectible is shown below. Subtract the total credit sales from the total bad debt expenditure.
What does Afda having a debit balance mean?A debit balance typically represents accounts receivable. This occurs because bad debts or debts that are unlikely to be collected have already been taken into account in the counter-asset account. The accounts receivable are simply reduced by such bad debts. A credit balance on an asset account is uncommon.
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suppose that the equilibrium level of gdp increased by $50 billion in a private closed economy where the marginal propensity to consume (mpc) is .6. aggregate expenditures must have increased by:
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Imagine that the marginal propensity to consume (mpc) in a closed, private economy increased by $50 billion from its equilibrium level. 6. The total amount spent must have gone up by $30 billion.
Marginal Propensity to Consume: How Is It Calculated?The idea that an increase in disposable income leads to an increase in personal consumption is known as induced consumption. The marginal propensity to consume is a statistic used in economics that quantifies this idea. The propensity to consume refers to how much of a person's disposable income they spend on consumption.
The difference between changes in consumption and income is used to compute the marginal propensity to consume. As an illustration, 0.9/1 = 0.9 might be used to illustrate the situation when a person's expenditure rises by 90% for every dollar of additional income.
In the given question,
The growth in the GDP at equilibrium= $50 Billion
Marginal propensity to consume (mpc)= 0.6
Aggregate expenditures= 0.6 x 50 Billion= 30 Billion
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why are the interest rates of u.s. treasury securities less than the interest rates of equivalent corporate bonds?
Answers
The market uses U.S. Treasury bonds as a benchmark because they have no default risk, whereas corporate bonds all carry some level of default risk (however small).
U.S. Treasury bonds are regarded as a benchmark by the market since they have no default risk, whereas corporate bonds all have some level of default risk (no matter how tiny that risk may be). The interest rate on business bonds is therefore always higher than that on Treasury bonds.
The disparity between corporate or trash bond yields and the yields on U.S. treasuries often widens during times of greater economic uncertainty and around recessions.
Bond spreads did certainly increase during the 2001 recession, as Chart 1's excellent illustration of this phenomena shows. Bond buyers often demand higher interest rates to make up for the risk they are incurring when investing in a particular bond because recessions typically increase the rates of business bankruptcies and defaults. The widening of the margin between low-grade bonds and U.S. Treasury securities was probably also influenced by recent controversies involving corporate governance.
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preferred products has issued preferred stock with an annual dividend of $7.26 that will be paid in perpetuity. a. if the discount rate is 11%, at what price should the preferred sell? (round your answer to 2 decimal places.) b. at what price should the stock sell 1 year from now? (round your answer to 2 decimal places.) c. what are the (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock? (enter your answers as a whole percent.)
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Preferred products have issued preferred stock with an annual dividend of $7.26 that will be paid in perpetuity are:
a. Current price = DIV1 / r
= $7.26 / 0.11
= $66
b. Future price
= $7.26 / 0.11
= $66
c. Dividend yield = Annual dividend / Stock price
= DIV1 / P0
= $7.26 / $66
= .11, or 11%
Capital gains yield
= (P1 − P0) / P0
= ($66 − $66) / $66
= .00, or 0%
Expected rate of return
= Dividend yield + Capital gains yield
= 11% + 0%
= 11%
A perpetuity duration applies to destiny pursuits in assets (that is, interests that do not take effect right away) which are issued to the guideline against perpetuities. The perpetuity period can be A prescribed statutory duration of a hundred twenty-five years, beneath the Perpetuities and Accumulations Act 2009.
In exercise, on the cease of that perpetuity period, the trustees' dispositive powers quit, then consider comes to a quit and the considered assets are held according to the default provisions i.E. The future interests vest.
The purpose of the rule in opposition to perpetuities was and is to save your property pursuits from being tied up for generations after a trustor's dying. As a consequence, a provision in a considers that offers a property interest to a person who could be born several generations within the future will commonly be invalid below the rule.
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getaway travel company reported net income for 2024 in the amount of $50,000. during 2024, getaway declared and paid $2,000 in cash dividends on its nonconvertible preferred stock. getaway also paid $10,000 cash dividends on its common stock. getaway had 40,000 common shares outstanding from january 1 until 10,000 new shares were sold for cash on july 1, 2024. a 2-for-1 stock split was granted on july 5, 2024. what is the 2024 basic earnings per share?
Answers
According to the given information, The 2024 basic earnings per share of Getaway travel company is $ 0.53
Given:
Net Income = $ 50,000
Preferred Dividend = $ 2,000
Weighted average outstanding shares = (40,000 × 2) + (10,000 × 6/12 ×2)
= $ 90,000
Basic earnings per share = [Net Income - Preferred Dividend]/ [Weighted
average outstanding shares]
= [ $ 50,000 - $ 2,000] / [ $ 90,000 ]
= $ 48,000 / $ 90,000
∴ Basic earnings per share = $ 0.53
Earnings per share (EPS) is determined by dividing a company's revenue by the number of outstanding shares of its common stock. The resulting figure serves as a gauge of a business's profitability. EPS that has been modified for unusual items and potential share dilution is a common practice for businesses.A company is deemed to be more profitable when its EPS is higher.The value of earnings per share is calculated by dividing net income, also referred to as profits or earnings, by the number of shares that are outstanding. For shares that might be created through options, convertible debt, or warrants, a more precise calculation modifies the numerator and denominator. If the equation is modified to account for ongoing operations, the numerator becomes even more important.Learn more about Earnings per share, here
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cory is working on the budget for his landscaping business. he decides he needs help with identifying, measuring, and recording financial transactions. who would be the best person to help him with these tasks?
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A bookkeeper would be the best person to help Cory with identifying, measuring, and recording financial transactions.
Identification entails figuring out what financial transactions, or other items, need to be recorded. Items bought with cash or on credit, for instance, will be noted. The books of accounts do not include items of a non-financial nature, such as modifications to managerial procedures, etc.Measurement is the process of putting business transactions into numerical terms using a monetary unit. It is not deemed appropriate to record an event in the company's books if it cannot be valued financially. Due to this, significant events such as appointments and the signing of contracts, etc., are not recorded in the books of accounts.Recording After being recognised and quantified in monetary terms, economic events are recorded in books of accounts in monetary terms, date-wise. Business transactions are recorded in such a way that the essential financial data is condensed in accordance with accepted accounting principles.Learn more about Financial data, here
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while the four ps help us remember the basics components of the , they don't have significant relevance in the marketing process a. competitive benchmarking process b. marketing mix c. product development process d. production operation
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Many processes were involved and can make significant relevance in a company’s marketing process. The four Ps can help us remember the basic components of the marketing mix.
What is Four P’s?
The Four Ps is a theory founded by Jerome McCarthy in 1960 in his Basic Marketing text. The four Ps stand for Product, Price, Place, and Promotion. This is the explanation of each component in the four Ps:
Price: company can set its price at a competitive level.Place: the company is in a strategic location so consumers can reach easier.Product: company can provide a quality product for its consumers.Promotion: the company is actively providing and spreading information about its products or services to consumers.Learn more about the five Ps in marketing at https://brainly.com/question/15635639
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are costs that require future expenditures of cash or other resources. select one: a. committed costs b. sunk costs c. outlay costs d. opportunity costs
Answers
Out of the choices provided above, it can be concluded to state that the outlay costs are the ones that are required under future expenditures of cash or other resources within an organization. Therefore, the option C is correct.
What is the significance of Outlay costs?The outlay costs of an organization can be referred to or considered as the costs that are compulsorily incurred for the purpose of initiating the core business activities carried by an organization. They are not incurred in present financial period, but are to be incurred at a deferred date for an organizational operation.
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