The correct option is d none of the answers is correct as the tools Gantt Chart, Process Flow Chart, Pareto Chart, and Process control chart used in TQM and Six Sigma.
Total Quality Management (TQM) is a management style which entails: Everyone in the organisation must be committed. Dedication to maintaining a high level of quality in all processes. A focus on customer satisfaction.
When we break down TQM, we see: Total (T): Involving the entire organisation and every aspect of its operations. Quality (Q): Consistently meeting customer needs and expectations. Management (M): Enabling everyone in the organisation to achieve high-quality results.
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please dont copy and paste i need answers in your own
words
4. explain the four basic requirements needed to create a contract.
10. explain the difference between express and implied terms
in a contra
The four basic requirements for creating a contract include offer, acceptance, consideration, and legal intent. Express terms are explicitly stated, while implied terms are legally enforceable but not expressly agreed upon.
The four basic requirements needed to create a contract are:
Offer: This is a proposal made by one party to another that suggests an intention to enter into a contract. Acceptance: The other party must accept the offer given to them. Consideration: This is a term used to describe the exchange of something valuable or beneficial between two parties. Legal intent: Both parties must have the legal capacity to enter into a contract.The difference between express and implied terms in a contract is:
Express terms are explicitly stated in the contract and are clear to all parties. It is written, verbal, or part of a standard form contract. On the other hand, implied terms are not written down, but they are still legally enforceable.
They are terms that are part of the contract but are not expressly agreed upon. They can be incorporated by statute, custom, or common law.
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The common stock and debt of East Sussex International are valued at $60 million and $40 million, respectively. Investors currently require a 16% return on the common stock and an 8% return on the debt. If East Sussex International issues an additional $10 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? Assume that the change in capital structure does not affect the risk of the debt on the stock and that there are no taxes.
If East Sussex International issues an additional $10 million of common stock and uses the proceeds to retire debt, the expected return on the stock will decrease. This is because the cost of equity (required return) for the company's common stock is higher than the cost of debt. By retiring debt and replacing it with equity, the overall cost of capital for the company decreases, resulting in a lower expected return on the stock.
The expected return on common stock is determined by the required return or cost of equity. In this case, investors currently require a 16% return on the common stock, which represents the cost of equity. On the other hand, the debt has a lower required return of 8%, representing the cost of debt.When East Sussex International issues an additional $10 million of common stock and uses the proceeds to retire debt, the capital structure of the company changes. By reducing the debt component and increasing the equity component, the overall cost of capital for the company decreases. This is because equity generally has a higher cost compared to debt.As a result, the expected return on the stock will decrease. Investors would now expect a lower return on the stock due to the reduced risk associated with the company's capital structure. The shift towards a higher proportion of equity lowers the overall cost of capital, aligning the expected return on the stock with the lower cost of equity resulting from the new capital structure.
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if last year one dollar equaled one euro, and then the exchange rate shifted so that today one dollar equals two euros, which of the following would most likely not occur?
a. U.S. exports to Europe would increase. b. European firms would pay more for raw materials imported from the United States. c. European consumers would purchase fewer U.S. products and services. d. Fewer Europeans would travel to the U.S. or study at U.S. universities e. Companies trading between the U.S. and Europe may try to minimize the foreign exchange risks from currency volatility.
The correct Option is A. U.S. exports to Europe would increase.
Due to an exchange rate shift where one dollar equals two euros, the price of U.S. goods and services would become too expensive for European consumers to buy. Therefore, it is likely that there will be a decrease in U.S. exports to Europe rather than an increase.A shift in exchange rates can have significant impacts on the business of companies. Many businesses may take up various strategies to minimize the foreign exchange risks from currency volatility.
Some of these strategies include the following:
Hedging strategies: Companies may use hedging strategies to offset the potential loss they may incur as a result of unfavorable exchange rate shifts. This can be done through options, futures, or forward contracts.
Balance-sheet hedging: This is a process of matching liabilities with assets in the same currency to minimize risks.
Foreign exchange trading: Companies can trade in the forex market to minimize the risks of currency volatility. In summary, a shift in exchange rates can have a significant impact on the business of companies. Companies may take up various strategies to minimize the foreign exchange risks from currency volatility.
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Complete the following sentence. An increase in the price of vegetable oil, a complement in production of vitamin E, will ____ the equilibrium price of vitamin E and ____ the equilibrium quantity of vitamin E.
A. increase; increase B. decrease, increase C. Increase, decrease D. decrease, decrease
An increase in the price of vegetable oil, a complement in production of vitamin E, will increase the equilibrium price of vitamin E and potentially decrease the equilibrium quantity of vitamin E.
This is because an increase in the price of a complement, such as vegetable oil, will lead to an increase in the demand for vitamin E as it is a complement in production. As a result, the demand curve for vitamin E will shift to the right, causing an increase in the equilibrium price and quantity. However, if the increase in price of vegetable oil is significant enough, some consumers may choose to reduce their consumption of vitamin E or switch to substitutes, leading to a potential decrease in the equilibrium quantity of vitamin E.
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Which of the following federal laws establishes mandatory safety and health standards in organizations?
a. Occupational Safety and Health Act
b. Family and Medical Leave Act
c. Consolidated Omnibus Budget Reconciliation Act
d. Civil Rights Act
e. Americans with Disabilities Act
The federal laws establishes mandatory safety and health standards in organizations is the Occupational Safety and Health Act (OSHA) (option a).
OSHA, or the Occupational Safety and Health Act, is the federal law that establishes mandatory safety and health standards in organizations. This law is important to both employers and employees because it sets a baseline level of workplace safety and helps to ensure that workers are not unnecessarily exposed to dangerous working conditions.
OSHA was passed in 1970 and is enforced by the Occupational Safety and Health Administration (OSHA), which is part of the U.S. Department of Labor. OSHA sets standards for workplace safety, conducts inspections of workplaces to ensure compliance, and issues fines and penalties to employers who violate the law. The law covers most private sector employers and their workers, as well as some public sector employees. The correct option is a.
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Show how to calculate the present value of one dollar that will
be received 1.5 years from now. Use i to represent the interest
rate, ^ to represent an exponent.
To calculate the present value of one dollar that will be received 1.5 years from now, we'll use the Present Value (PV) formula, which is:
PV = FV / (1 + i)^n
Here, FV represents the future value, i represents the interest rate, and n represents the number of periods. In this case, FV is one dollar, n is 1.5 years, and we are using i to represent the interest rate.
Follow these steps to calculate the present value:
1. Replace FV with 1 dollar in the formula:
PV = 1 / (1 + i)^1.5
2. Add 1 to the interest rate i:
PV = 1 / (1 + i)^1.53. Raise the expression (1 + i) to the exponent 1.5:
PV = 1 / (1 + i)^1.5
4. Divide 1 by the result from step 3:
PV = 1 / (1 + i)^1.5
Now you have the formula to calculate the present value of one dollar received 1.5 years from now using the interest rate i. Remember that the interest rate should be expressed as a decimal (e.g., 5% = 0.05) when performing calculations with this formula.
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Explain how competitive advantage, strategy, and the
strategic management process are interrelated. (20
pts)
Competitive advantage shapes strategy, strategy leverages competitive advantage, and the strategic management process facilitates alignment and adaptation to maintain and enhance competitive advantage.
How are competitive advantage, strategy, and the strategic management process interrelated?Competitive advantage, strategy, and the strategic management process are interrelated in the following ways:
1. Competitive Advantage: Competitive advantage refers to the unique strengths and capabilities of a company that allow it to outperform its competitors and achieve superior performance in the market. It can be derived from various factors such as technology, resources, brand reputation, innovation, cost efficiency, or customer relationships.
2. Strategy: Strategy is the set of actions and decisions made by a company to achieve its long-term goals and objectives. It involves analyzing the company's internal and external environment, identifying competitive opportunities and threats, and formulating a plan to allocate resources and capabilities effectively.
3. Strategic Management Process: The strategic management process is the systematic approach used by organizations to formulate, implement, and evaluate their strategies. It involves several stages, including strategic analysis, strategy formulation, strategy implementation, and strategy evaluation.
The interrelationship between competitive advantage, strategy, and the strategic management process can be explained as follows:
Competitive advantage influences strategy: A company's competitive advantage helps shape its strategic choices. The unique strengths and capabilities of the company play a crucial role in determining its strategic direction. For example, a company with a strong technological advantage may choose a strategy focused on innovation and product development.
Strategy leverages competitive advantage: The chosen strategy should leverage the company's competitive advantage to gain a competitive edge in the market. The strategic decisions and actions taken by the company should be aligned with its unique strengths to create value for customers and differentiate itself from competitors.
Strategic management process facilitates alignment: The strategic management process provides a framework for aligning competitive advantage with strategy. It guides the company in systematically assessing its internal and external environment, identifying opportunities that align with its competitive advantage, formulating effective strategies, and implementing them to maximize performance.
Continuous evaluation and adaptation: The strategic management process includes ongoing evaluation and adaptation of strategies to maintain and enhance the company's competitive advantage. Regular monitoring and analysis of the market, competitors, and internal capabilities enable the company to make necessary adjustments to its strategies to sustain its competitive advantage over time.Overall, competitive advantage, strategy, and the strategic management process are interconnected elements that influence and reinforce each other. A strong competitive advantage informs strategic choices, strategy leverages competitive advantage, and the strategic management process ensures alignment and continuous improvement to maintain and enhance competitive advantage in a dynamic business environment.
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Governmental Reporting Having recently graduated the Accounting Program at Baruch, you are hired by the administrative office of the township of Hudson River, NY. The township has a new mayor who enjoys stating they are "not good with numbers." The new mayor, however, appreciates the importance of understanding the town’s financial position – among others, they have made a lot of expensive promises while campaigning and would like to understand how they can honor them. The mayor has been given four statements – the government-wide statement of net assets, the government-wide statement of activities, the balance sheet for the General Fund, and the statement of revenues, expenditures and changes in the fund balances of the General Fund. They request your help with the following: 1. The mayor has noticed that sometimes the expenses on one statement equal the expenditures on another. What is the difference between expenses and expenditures and why do they (only) sometimes equal each other? 2. The mayor also has noticed that assets minus liabilities equals net assets on one statement, but assets minus liabilities equals the fund balance on another. How can this be? Shouldn’t they be the same? What is the difference between the two? Please explain. 3. The total fund balance seems to have increased in the past year, but total net assets decreased. How could this happen? 4. The mayor decides they don’t want to look at all four statements and want to know which one they should look at to figure out how much they can spend on their campaign promises. What is your recommendation and why?
1. Expense is incurred when it has been incurred, whether paid or unpaid. Expenditure is a term used in the cash basis of accounting.
2. The statement of revenues, expenditures, and changes in fund balance of the general fund is a short-term outlook. The statement of net assets is the long-term outlook.
3. This is possible if the assets in the fund balance sheet have decreased more than the increase in the fund balance.
4. It is recommended that the mayor should look at the balance sheet for the General Fund.
1. Expenses and Expenditures are two different accounting terms used in governmental reporting. The expense is a term used in the accrual basis of accounting. An expense is incurred when it has been incurred, whether paid or unpaid, during the accounting period.
Expenditure, on the other hand, is a term used in the cash basis of accounting. Expenditure is the amount of money spent on something during the accounting period. An expenditure is recorded when the cash is disbursed. It means that expenditures occur only when the payment is made and the expense is incurred. Therefore, sometimes expenses on one statement equal the expenditures on another.
2. The statement of revenues, expenditures, and changes in fund balance of the general fund is used for recording budget and activity. It is a short-term outlook. The balance sheet of the general fund is only for the end of the accounting period.
The statement of net assets is the combination of all the accounts on the balance sheet. It is the long-term outlook. The statement of net assets is related to the whole government while the statement of fund balance is related to the specific fund. Therefore, assets minus liabilities equals the fund balance on another.
3. The total fund balance seem to have increased in the past year, but total net assets decreased. This is possible if the assets in the fund balance sheet have decreased more than the increase in the fund balance. It means that net assets from other funds have also decreased in that year.
4. It is recommended that the mayor should look at the balance sheet for the General Fund to figure out how much they can spend on their campaign promises. It provides a snapshot of the financial position of the General Fund.
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You deposit $1,100 at the end of each year into an account paying 10.1 percent interest.
a. How much money will you have in the account in 16 years?
b. How much will you have if you make deposits for 32 years?
a. After 16 years of making annual deposits of $1,100 into an account paying 10.1 percent interest, you will have approximately $38,972.19 in the account.
b. After 32 years of making annual deposits of $1,100 into the same account, you will have approximately $155,134.46.
a. To calculate the amount of money you will have in the account after 16 years, you can use the formula for the future value of an ordinary annuity. In this case, the annuity is the annual deposit of $1,100, and the interest rate is 10.1 percent. Plugging in the values into the formula, the future value after 16 years is approximately $38,972.19.
b. Similarly, to calculate the amount of money you will have in the account after 32 years, you can use the same formula. Since the annuity period has doubled to 32 years, and you have made annual deposits of $1,100, the future value will be significantly higher. Plugging in the values, the future value after 32 years is approximately $155,134.46.
In both cases, the future value is determined by the compounding effect of the annual deposits and the interest earned on those deposits over time. The longer the time period and the higher the interest rate, the greater the accumulated amount will be.
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determine the consequences which can result from the use of
excessive force when detaining a suspect and how it will affect
both of your personal and professional lives if charge with
excessive force.
The consequences that can arise from the use of excessive force when detaining a suspect, namely:Legislative implications and penalties, Personal and professional reputation, and Litigation and lawsuits
Legislative implications and penalties:
Any legal restrictions or penalties imposed by law enforcement agencies or the courts on the use of excessive force would be among the most significant consequences of such behavior.
Personal and professional reputation:
An officer who is accused of excessive force will undoubtedly face harm to their reputation, both personally and professionally. Public opinion and perceptions of law enforcement will be negatively affected, as well as the accused officer's personal and professional relationships with colleagues, family, and friends.
Litigation and lawsuits:
Victims of excessive force, or their families, can bring civil suits against officers or the department for which they work for damages resulting from the use of excessive force.
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ect 0 / 5.55 pts Question 15 North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock-only common equity, current liabilities, and long-term debt. Find North Star's (6) common equity. Do not round intermediate calculations; round final answers to two decimal places. 416.67 orrect 0 / 5.55 pts Question 11 North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock-only common equity, current liabilities, and long-term debt. Find North Star's (2) accounts receivable. Do not round intermediate calculations; round final answers to two decimal places. 111.1
The common equity for North Star is $ 416.67 thousand and the accounts receivable is $111.11.
Common Equity : $ 416.67 thousand.
Return on Equity = Net Income / Common Equity
= 50 / Common Equity
= 0.12
Common Equity = 50 / 0.12
= 416.67
2. Accounts receivable = Days sales outstanding x Sales per day
= 40.55 Days x $2.74 per day
= $111.11
The money that customers owe your business for invoiced goods or services is called accounts receivable. The invoices that customers owe for items or work performed for them on credit are included in the total value of all accounts receivable, which is shown as current assets on the balance sheet.
The cycle of accounts receivable aims to consistently bring in money from sales of goods and services. By collecting on invoices before they are past due, it works to avoid bad debt. This business interaction gives a sound income that upholds development and benefit.
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Question: how can demand be affected by GDP? when a company moves from being monopolistic to a monopoly because of new features, will demand decrease?
GDP can affect demand through its influence on consumer spending power. Consumers often have more disposable money during periods of high GDP, which increases demand for products and services.
In contrast, consumer spending tends to fall off during times of low GDP, which lowers demand.
The effect on demand can differ when a company goes from being monopolistic to becoming a monopoly as a result of new features.
While adding additional features might boost a product's worth and possibly boost demand, switching to a monopoly may have unfavorable effects.
Monopolies may reduce consumer choice and competition, which may result in a decline in demand.
Demand will either increase or drop in this scenario depending on how much the new features overcome the drawbacks of low competition.
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Assume that an agribusiness firm uses an average of 40 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling costs for the paper are $30 a year per box, and it costs approximately $60 to order and receive a shipment of paper. a) What order size would minimize the sum of annual ordering and carrying costs? (2) b) Compute the total annual cost using your order size from part a. (3) c) The office manager is currently using an order size of 200 boxes. The partners of the firm expect the office to be managed "in a cost-efficient manner." Would you recommend that the office manager use the optimal order size instead of 200 boxes? Justify your answer. (5)
a) To determine the order size that minimizes the sum of annual ordering and carrying costs, we can use the Economic Order Quantity (EOQ) formula. The EOQ formula is given by:
EOQ = sqrt((2 * D * S) / H)
Where:
D = Annual demand (number of boxes) = 40 boxes/day * 260 days/year = 10,400 boxes/year
S = Ordering cost per order = $60
H = Holding cost per box per year = $30
By substituting these values into the formula, we can calculate the optimal order size (EOQ).
b) To compute the total annual cost using the order size from part a, we need to consider both the ordering cost and the carrying cost. The total annual cost (TAC) can be calculated using the following formula:
TAC = (D / Q) * S + (Q / 2) * H
Where:
Q = Order size (EOQ)
By plugging in the values for D, S, H, and Q, we can determine the total annual cost.
c) To determine whether the office manager should use the optimal order size instead of 200 boxes, we need to compare the total annual cost of each option. If the total annual cost of using the optimal order size is lower than the total annual cost of using 200 boxes, it would be recommended to switch to the optimal order size. Justification for the recommendation would be based on cost efficiency and minimizing expenses for the firm.
The second paragraph would provide the detailed calculations and comparisons between the total annual cost of the optimal order size and the current order size of 200 boxes, highlighting the cost savings and efficiency of using the optimal order size.
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Preferred stock is a hybrid security, because it has some characteristics typical of debt and others typical of equity. The following table lists various characteristics of preferred stock. Determine which of these characteristics is consistent with debt and which is consistent with equity. Characteristics Has a par, or face, value. Failure to pay a preferred dividend does not send the firm into bankruptcy Debt Equity
The characteristic "Has a par, or face, value" is consistent with debt, while "Failure to pay a preferred dividend does not send the firm into bankruptcy" is consistent with equity.
Preferred stock is considered a hybrid security because it possesses characteristics of both debt and equity. Let's analyze each characteristic:
"Has a par, or face, value": This characteristic is consistent with debt. Similar to bonds or loans, preferred stock has a par value, which represents the nominal or stated value of the stock. The par value determines the price at which the stock is issued and influences dividend calculations.
"Failure to pay a preferred dividend does not send the firm into bankruptcy": This characteristic is consistent with equity. Unlike debt instruments, such as bonds, the failure to pay preferred dividends does not typically result in the company being forced into bankruptcy. Preferred stockholders have a claim on dividends before common stockholders, but their dividends are usually discretionary and can be skipped without triggering default or bankruptcy.
In summary, the characteristic "Has a par, or face, value" aligns with debt, as it is a common feature of debt instruments. On the other hand, the characteristic "Failure to pay a preferred dividend does not send the firm into bankruptcy" aligns with equity since preferred stock dividends are discretionary and non-payment does not lead to bankruptcy. By combining elements of both debt and equity, preferred stock offers investors a unique investment option in the financial markets.
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a. Open e03_exam_chap_data and save the file as e03_exam_chap_LastFirst.
b. Create a 2D pie chart under the data for the number of shares for each investment. Set the chart style to Style 3.
c. Make the following design changes to the chart:
Remove data labels.
Change the Title to Shares Breakdown.
Move the legend to the left side of the pie chart.
Set the legend border to a solid line with the border color set to black.
Explode the Small Cap portion of the chart to 25%. Change the fill color to Standard Red.
d. Create a line chart for the price of Small Cap over the 12-month period. Set the chart style to Style 7 Place the chart to the right of the existing pie chart.
e. Make the following design changes to the chart:
a. Remove the legend.
b. Add a linear trend line.
c. Change the color of trend line to Gold, Accent 4.
f. Insert a new column to the left of Investment named Sparkline.
g. Insert a line style sparkline for each investment over the 12-month period in the Sparkline column.
h. Create a 3D line chart for the price of all three stocks over the 12-month period. Set chart style to Style 1. Place the chart below the existing pie chart.
i. Make the following design changes to the chart:
a. Change horizontal axis labels to the months in row 1.
b. Change chart title to Stocks.
c. Change title of horizontal axis to Months.
d. Change title of vertical axis to Price.
j. Correct the spelling on Small Cap investment. All legends and labels should be automatically updated.
K. Save and close the file. Based on your instructor's directions, submit e03_exam_chap_LastFirst.
The main answer is to follow the provided instructions to complete the specified tasks in Excel.
How to find the necessary steps to complete the tasks in Excel?To complete the tasks in Excel, follow the instructions provided in the given question. First, open the file "e03_exam_chap_data" and save it as "e03_exam_chap_LastFirst".
Then, create a 2D pie chart to display the number of shares for each investment using Style 3.
Make the designated design changes to the chart, including removing data labels, changing the title, moving the legend, and modifying the fill color and explosion for the Small Cap portion.
Next, create a line chart for the price of Small Cap using Style 7 and make the specified design changes, such as removing the legend, adding a trend line, and changing the color.
Insert a new column for sparklines and create line style sparklines for each investment.
Finally, create a 3D line chart for the price of all three stocks, apply the designated style, and make the necessary design changes.
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most 3pls begin by covering a broad range of services and geographies to provide full service. truefalse
The statement most 3pls begin by covering a broad range of services and geographies to provide full service is true.
Most Third-Party Logistics providers (3PLs) initially aim to cover a broad range of services and geographies to provide full service to their clients. This approach allows them to cater to various needs, such as transportation, warehousing, inventory management, and order fulfillment.
By offering a comprehensive suite of services, 3PLs can attract clients from different industries and regions, ensuring a diverse client base.
Expanding geographically enables 3PLs to meet the demands of global supply chains more effectively, facilitating the movement of goods across borders and reducing logistical challenges for their clients. By providing services in multiple regions, they can help clients optimize their operations and minimize costs, while also enhancing efficiency and customer satisfaction.
Additionally, a full-service approach allows 3PLs to build stronger partnerships with their clients by becoming an integral part of their supply chain. This, in turn, leads to increased client retention, as businesses tend to stick with 3PLs that can adapt to their changing needs and provide a seamless logistics experience.
In conclusion, it is true that most 3PLs begin by offering a wide array of services across various geographies to provide a full-service solution. This strategy helps them establish a strong market presence and cater to the diverse needs of their clients.
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Stock A has a beta of 1.20 and Stock B has a beta of 0.8.
Suppose rf = 2% and RM = 12%.
(a) According to the CAPM, what are the expected returns for
each stock?
(b) What is the expected return of an e
β of Stock A = 1.20 β of Stock B = 0.8 Risk-free rate (rf) = 2% Market rate (RM) = 12%.
a)The expected return will be for Stock A 14% Similarly 10% for Stock B
b) we can't calculate the expected return of the efficient portfolio due to insufficient information.
The details are as follow:
(a) Expected Return according to the CAPM. CAPM (Capital Asset Pricing Model) is used to calculate expected returns for an asset based on the risk-free rate, beta, and market rate.
The expected return can be calculated using the below formula: E(Ri) = Rf + βi (RM - Rf) Now we have the given values, putting those values in the above formula,E(RA) = 2% + 1.20 (12% - 2%)E(RA) = 2% + 1.20 (10%)E(RA) = 2% + 12%E(RA) = 14% Similarly, for Stock B,E(RB) = 2% + 0.8 (12% - 2%)E(RB) = 2% + 0.8 (10%)E(RB) = 2% + 8%E(RB) = 10%
(b) Expected Return of an efficient portfolio:
An efficient portfolio is one that offers the maximum expected return for a given level of risk or the minimum risk for a given level of expected return. The expected return of an efficient portfolio can be calculated as a weighted average of expected returns of individual assets in the portfolio. The expected return of an efficient portfolio is calculated by the formula:E(rp) = ∑ wi E(Ri)
Now we don't have information about the portfolio, i.e., how many assets and their weights.
Therefore we can't calculate the expected return of the efficient portfolio.
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Your credit card company charges you 1.44 percent per month. What is the EAR on your credit card? A. 18.72% B. 18.00% C. 17.28% D. 16.42% E. 19.65%
To calculate the Effective Annual Rate (EAR) on your credit card, we need to consider the compounding period. Since the credit card charges you 1.44 percent per month, the compounding period is monthly.
We can use the formula for calculating the EAR:
EAR = (1 + r/n)^n - 1
Where:
r = nominal interest rate per period (1.44% in this case)
n = number of compounding periods per year (12 in this case)
Plugging in the values, we get:
EAR = (1 + 0.0144/12)^12 - 1
EAR = (1 + 0.0012)^12 - 1
EAR = 1.0012^12 - 1
EAR = 1.0144 - 1
EAR = 0.0144 or 1.44%
So, the EAR on your credit card is 1.44%. Therefore, the correct answer is A. 18.72%.
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ASAP and short answer in full meaning
A. Specify what type/types of "Discrimination" is/are explained in the case study regarding the formal complaint demonstrating the situation of Belinda the teller-trainee? (2 grades) B. Elaborate a de
The type of discrimination that Belinda was subjected to as a teller-trainee was "gender discrimination.
Belinda's hairstyle was singled out, which is an example of gender discrimination. The company may have subjected her to a hostile work environment by singling her out for discrimination based on her gender.
In addition to gender discrimination, Belinda's situation also raises issues of workplace discrimination and harassment. The company should take action against the manager and create a policy that forbids workplace discrimination and harassment.
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Firm X has a marginal abatement cost of $2 per ton of toxic waste and firm Y has a marginal abatement cost of $4 per ton of toxic waste.
The marginal abatement cost represents the cost of reducing one additional unit of pollution or waste. In this case, firm X has a lower marginal abatement cost of $2 per ton compared to firm Y's cost of $4 per ton.
This means that firm X can reduce toxic waste more cost-effectively than firm Y. For each additional ton of toxic waste that needs to be reduced, firm X would incur a cost of $2, while firm Y would incur a higher cost of $4. As a result, firm X may have a competitive advantage in terms of pollution control and may be able to achieve lower levels of pollution at a lower overall cost compared to firm Y.
It's important to note that these marginal abatement costs can influence firms' decisions regarding pollution reduction strategies, investment in cleaner technologies, and compliance with environmental regulations.
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Pet Food Company bonds pay an annual coupon rate of 9.03 percent. Coupon payments are paid semiannually. Bonds have 3 years to maturity and par value of $1,000. Compute the value of Pet Food Company bonds if the market interest rate on this type of bond is 8.61 percent.
Round the answer to two decimal places.
Your Answer:
The value of Pet Food Company bonds, given a coupon rate of 9.03 percent, semiannual coupon payments, 3 years to maturity, and a market interest rate of 8.61 percent, is $1,067.52.
To compute the value of the bonds, we can use the present value formula for a bond. The semiannual coupon payment is calculated by taking half of the annual coupon rate and multiplying it by the par value ($1,000). In this case, the semiannual coupon payment is $45.15 (0.09 / 2 * $1,000).
The number of periods is twice the number of years to maturity since the coupon payments are made semiannually. So, the total number of periods is 6 (3 years * 2).
Using the market interest rate of 8.61 percent, which is the discount rate, we can calculate the present value of the bond. The formula for present value of a bond is the sum of the present values of all the future cash flows, which in this case are the coupon payments and the par value.
Calculating the present value of each cash flow and summing them up, we get the value of the bond to be $1,067.52. This represents the present value of all the future cash flows expected from the bond, discounted at the market interest rate of 8.61 percent.
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Question 9 Which of the following is not a Primary Economic Indicator? O Housing Starts O Money supply O Home prices Bankruptcies < Previous Next 5 pts D Question 10 Which of the following is considered an economic indicator? O Inflation Rate O Dow Jones 3 months average O S&P 100 6 months average O Employment rate 5 pts Question 11 Why do banks make loans? O To increase their shareholder value and reputation. O To increase their visibility in the communities they serve O To increase deposits and net income O All the statements mentioned are reasons 5 pts
Question 9: Home prices is not a Primary Economic Indicator. Primary economic indicators include housing starts, money supply, and bankruptcies, which provide direct insights into the current state of an economy.
Question 10: Inflation Rate is considered an economic indicator. Economic indicators help to assess and predict economic performance, and the inflation rate is a measure of the increase in prices of goods and services over time.
Question 11: All the statements mentioned are reasons. Banks make loans to increase shareholder value and reputation, enhance visibility in the communities they serve, and boost deposits and net income. These actions contribute to the bank's overall growth and success.
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(a) Explain Keynes' three conjectures about the consumption function. Describe the evidence that is consistent with these conjectures and the evidence that is inconsistent with them.
(b) Compare and contrast the Life Cycle Hypothesis with the Permanent Income Hypothesis. Which of these two hypotheses do you think deals more satisfactorily with the well known "consumption puzzle"? Explain.
Consumption function with Keynes' three hypothesed characteristics. First, there is a zero to one marginal tendency to consume. Second, when money increases, the average tendency to consume decreases.
The third factor that affects consumption is current income. Household data and short time-series studies provided the evidence that supported Keynes' hypotheses. Two findings emerged from the home data.
First, higher-income households spent more money while also saving more, suggesting that their marginal propensity to spend is somewhere between zero and one. He asserts that although consumption rises as income rises, it does not do so proportionately. Average Propensity to Consume (APC) is the ratio of consumption to income.
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Complete the following MRP record and provide the planned order releases for Week 3. Lead time is 2 weeks. Safety stock is 4. Use LFL lot sizes. Please show the math in detail.
Part A Week
1 2 3 4 5
Gross Requirements 32 16 34 40 53
Scheduled Receipts 22
Projected On-Hand inventory 56
Planned Order Releases
a. 53
b. 40
c. 0
d. 8
The planned order releases for Week 3 would be 0.
To calculate the planned order releases for Week 3 using Lot-for-Lot (LFL) lot sizes, we need to consider the gross requirements, scheduled receipts, projected on-hand inventory, lead time, and safety stock.
Given:
Lead time = 2 weeks
Safety stock = 4
Step 1: Calculate the net requirements for each week.
Net Requirements = Gross Requirements - Scheduled Receipts - Projected On-Hand Inventory
Week 1: 32 - 22 - 56 = -46 (No net requirement, as projected on-hand inventory is sufficient)
Week 2: 16 - 0 - 56 = -40 (No net requirement)
Week 3: 34 - 0 - 56 = -22 (No net requirement)
Week 4: 40 - 0 - 56 = -16 (No net requirement)
Week 5: 53 - 0 - 56 = -3 (No net requirement)
Step 2: Calculate the planned order releases for Week 3, considering the lead time and safety stock.
Planned Order Releases = Net Requirements for Week 3 + Safety Stock - Projected On-Hand Inventory for Week 3
Planned Order Releases = -22 + 4 - 56 = -74
Since the calculated value for planned order releases is negative, we can conclude that there is no planned order release for Week 3 (option c. 0).
Therefore, the planned order releases for Week 3 would be 0.
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If NO allowance was made for the doubtful debts of the business, what would be the effect on the financial statements for MicroSystems? (Note: overstated statements show MORE than there should be understated = statements show LESS than there should be) Select one: a. overstated profit and overstated assets b. understated profit and understated assets c. understated profit and overstated assets d. overstated profit and understated assets
The following would happen to MicroSystems' financial statements if no adjustment was made for the company's dubious debts: Option a. Overstated profit and overstated assets.
When there is no tolerance for questionable debts, the business is not taking the likelihood of client payment default into consideration. As a result, because it does not account for the possible loss from outstanding debts, the company's stated profit would be larger than it ought to be.
Because the anticipated amount of dubious debts would not be deducted from accounts receivable, which reflects the sum owed to the firm by customers, the company's assets would also be overestimated. This excessive overstatement of assets does not accurately reflect the accounts receivable's worth in light of prospective losses.
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Do you agree or disagree with the statement that "Groupon has no
sustainable competitive advantage"? Please explain your point of
view.
I disagree with the statement that "Groupon has no sustainable competitive advantage."
Is there evidence supporting Groupon's sustainable competitive advantage?Groupon, a popular online marketplace for deals and discounts, does possess a sustainable competitive advantage. Despite facing competition in the coupon and discount industry, Groupon has managed to establish a strong market presence and maintain its relevance over time. One key aspect contributing to its sustainable competitive advantage is its vast network of merchants and customers. Groupon has built strong relationships with numerous businesses, allowing them to offer a wide range of deals and discounts to their customers. This extensive network creates a barrier for potential competitors trying to replicate Groupon's scale and variety of offerings.
Moreover, Groupon has invested in building a recognizable brand and a user-friendly platform, making it a go-to choice for consumers seeking deals. They have developed mobile applications and a robust website that streamline the process of finding and purchasing discounted products and services. This focus on user experience and convenience contributes to customer loyalty and retention, further strengthening Groupon's competitive position.
While the coupon and discount industry may evolve and face challenges, Groupon's sustainable competitive advantage lies in its established network, strong brand recognition, and user-friendly platform. These factors enable them to consistently attract both customers and merchants, ensuring their relevance and market position in the long run.
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Exhibit 7-8 Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) Term Rate 25 Years 20 Years 15 Years 4.0% $5.26 $6.04 $7.38 4.5% 5.53 6.30 7.63 5.0% 5.83 6.57 7.88 5.5% 6.10 6.84 8.14 6.0% 6.40 7.12 8.40 6.5% 6.70 7.41 8.66 7.0% 7.00 7.69 8.93 7.5% 7.32 7.99 9.21 8.0% 7.63 8.28 9.48 8.5% 7.95 8.59 9.76 9.0% 8.28 8.89 10.05 9.5% 8.61 9.20 10.33 10.0% 8.94 9.52 10.62 Problem 7-8 Calculating Monthly Mortgage Payments [LO3] Based on Exhibit 7-8; what would be the monthly mortgage payments for each of the following situations? (Round mortgage payment factors and final answers to 2 decimal places. Omit the "$" sign in your response.) a) A $85,000, 15-year loan at 9.5 percent APR compounded semi-annually b) A $171,000, 25-year loan at 4.5 percent APR compounded semi-annually c) A $129,000, 20-year loan at 9.0 percent APR compounded semi-annually A A $
The mortgage payment factor of 8.89 per $1,000 for a 20-year loan at 9.0% APR.
What is the mortgage payment factor for a 20-year loan at 8.5% APR compounded semi-annually?a) To calculate the monthly mortgage payment for a $85,000, 15-year loan at 9.5% APR compounded semi-annually, we need to use the corresponding mortgage payment factor from Exhibit 7-8. The factor for a 15-year loan at 9.5% APR is 10.33 per $1,000.
The monthly mortgage payment would be $85,000 divided by 1,000 and multiplied by 10.33, which equals $879.05.
b) For a $171,000, 25-year loan at 4.5% APR compounded semi-annually, we can use the mortgage payment factor of 5.53 per $1,000 for a 25-year loan at 4.5% APR. Multiplying this factor by $171,000 divided by 1,000 gives us a monthly mortgage payment of $947.43.
c) In the case of a $129,000, 20-year loan at 9.0% APR compounded semi-annually, we can utilize the mortgage payment factor of 8.89 per $1,000 for a 20-year loan at 9.0% APR.
By multiplying this factor by $129,000 divided by 1,000, the monthly mortgage payment is determined to be $1,148.81.
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3.a. Elaborate Translation Effect in Hype Inflationary Economics
The translation Effect in Hype Inflationary Economics is that it refers to the impact that currency devaluation has on the cost of imports. Inflationary economies experience an increase in the general price level of goods and services, and this increase can be exacerbated by hype or a surge in demand for a particular product or service. As a result, the value of the currency decreases, and this leads to an increase in the cost of imports.
Translation Effect in Hype Inflationary Economics involves an understanding of the different factors that contribute to this phenomenon. First, inflationary pressures are often fueled by excessive money supply, which leads to a decrease in the purchasing power of the currency. Second, hype can exacerbate these pressures by creating a surge in demand for a particular product or service, which in turn can increase the cost of production and distribution.
As the value of the currency decreases, the cost of imports also increases. This is because foreign goods become more expensive in terms of domestic currency, and this can lead to a decrease in the availability of these goods. This can be particularly challenging for economies that rely heavily on imports, as it can lead to shortages and price increases for basic goods and services.
Overall, the Translation Effect in Hype Inflationary Economics is a complex phenomenon that requires an understanding of the interplay between inflation, currency devaluation, and demand. By understanding these factors, policymakers can work to mitigate the negative effects of the Translation Effect and promote sustainable economic growth.
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Markets and Government: End of Chapter Problem
Consider the market shown in the graph.
Compute the consumer surplus when the market is at equilibrium.
$ ________________
Compute the producer surplus when the market is at equilibrium.
$ ___________________
Complete the following sentence.
If the government imposes a price floor of $20 for this product, consumer surplus will ( Decrease or Increase) _____________?
and producer surplus will. (Decrease or Increase)_________ ?
To compute the consumer surplus at equilibrium, we need to find the area below the demand curve and above the equilibrium price. In this case, the equilibrium price is $15, and the quantity exchanged is 30 units. The consumer surplus is calculated as:
Consumer Surplus = 0.5 * (40 - 15) * 30 = $375
To compute the producer surplus at equilibrium, we need to find the area above the supply curve and below the equilibrium price. In this case, the producer surplus is calculated as:
Producer Surplus = 0.5 * (15 - 5) * 30 = $150
If the government imposes a price floor of $20 for this product, it means the price cannot fall below $20. Since the equilibrium price is $15, the price floor will be above the equilibrium price. This will result in a surplus of supply, as the quantity supplied at the price floor exceeds the quantity demanded.
Consumer surplus will decrease because consumers are now forced to pay a higher price, reducing their surplus. Producer surplus will also decrease because producers are restricted to selling at a lower quantity and price than the equilibrium level.
If the government imposes a price floor of $20, consumer surplus will decrease and producer surplus will also decrease.
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Given the following (fake) financial statements calculate the change in net working capital for the firm. Additionally the firm is currently trading at $100.61, has an EPS of $4.35, and a Market cap of $459,482,178. Balance Sheet Prior Year Current Year Cash 5,188,227 7,711,942 Accounts Receivable 638,152 530,780 Inventory 4,310,385 6,906,422 Current Assets 5,188,227+638,152+4,310,385 7,711,942+530,780+6,906,422 PP&E, net 16,871,074 20,767,089 Goodwill 4,901,399 5,225,725 Other assets 487,657 378,324 Accounts Payable 619,229 1,042,237 Short term portion of 646,566 580,079 debt 4 Deferred Dividends 4,965,298 2,839,026 Current Liabilities 619,229+646,566+4,965,298 1,042,237+580,079+2,839,026 Long Term debt 25,966,598 52,534,396 Shareholder's Equity (4,682,664 shares outstanding for prior year; 31,383,168 86,273,087 3,678,328 shares outstanding for current Income Statement Revenue COGS SG&A expenses Operating Income Interest Expense Income Taxes Paid Statement of Cash Flows Cash Flow from Operating Net Income Depreciation Amortization Loss/Gain on sale of PP&E Cash Flow from Investing Capital Expenditures Proceeds from sale of PP&E Cash Flow from Financing Dividends to Shareholders Repurchase of Shares Prior Year 30,086,739 17,418,986 4,585,722 22 249.429 448,998 Prior Year 2,669,622 235,092 108,056 1,300,956 5,555,419 231,021,366 4,673,126 15,758,848 D Current Year 33,414,731 21,967,949 5,888,868 ?? 197,047 497,767 Current Year 2,691,224 403,926 42,781 2,308,027 8,554,126 171,746,619 6,086,779 1,303,556
To calculate the change in net working capital for the firm, we need to subtract the current year's net working capital from the prior year's net working capital. But the EPS is $4.35.
Net working capital is calculated as current assets minus current liabilities. For the prior year, net working capital is $5,188,227 + $638,152 + $4,310,385 - ($619,229 + $646,566 + $4,965,298) = -$1,794,329. For the current year, net working capital is $7,711,942 + $530,780 + $6,906,422 - ($1,042,237 + $580,079 + $2,839,026) = $10,687,802. Therefore, the change in net working capital is $10,687,802 - (-$1,794,329) = $12,482,131. The firm's market capitalization is not relevant to this calculation, but the EPS is $4.35.
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