The following statements are consistent with Lucascritique of Policy recommendations based on econometric models using data from the past may be flawed.
The option (D) is correct.
Lucas investigates the difficulties of the dependence on verifiable information and econometric models alone for strategy proposals. It contends that approach changes can prompt social reactions from people that may not be precisely caught by past information or customary econometric models. Along these lines, strategy proposals exclusively founded on such models and verifiable information might be defective and untrustworthy.
The Lucas investigate features the significance of thinking about how people answer strategy changes, considering their assumptions and forward-looking way of behaving.
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Student Instructions:
Directions
1. At the beginning of week 1, students are going to be divided into four groups. Each group will be assigned an industrial sector such as pharmaceutical, retail stores, electronics, oil, utilities, or computers sectors.
2. A thousand dollars ($1,000) will be assigned to each group to supposedly buy stocks from at least three (3) different real world companies. The companies are to be selected from a financial newspaper or the Barron’s: The Dow Jones Business and Financial Weekly. You may find this newspaper at Borders and Walgreen’s. You may buy US stocks from the New York Stock Exchange, Nasdaq, or American.
3. You may:
Go to Barron’s market Data Center (click to access) to buy your stocks.
Go to Barron’o o s Sector Map: Health Care (click to access) to select the industrial sector.
4. Group members have to work together to select the company’s stocks, and to select a group leader who will coordinate the meetings and the group discussion. Each group is required to find information on the internet about stocks exchange and the economic background of the companies selected.
5. In week 3, 6, 9, and 12 each group will report to the rest of the class a follow-up of the stocks selected in the financial newspaper through a chat discussion. After the reports are finished, there will be a chat discussion about which industrial sector is having the greatest economic benefit and why.
6. Groups are allowed to sell and buy new stocks if the company selected is losing its economic position. That will be a group decision.
The given student instructions are for a group assignment. At the start of the assignment, each group will be allocated a specific industrial sector like oil, electronics, pharmaceutical, utilities, retail stores, or computers.
The following are the instructions that the students are required to follow:
1. During week 1, students will be divided into groups and allocated a particular industrial sector.
2. Each group will be given $1,000 to buy stocks from a minimum of three different real-world companies.
Stocks can be bought from financial newspapers like Barron's, the Dow Jones Business and Financial Weekly, New York Stock Exchange, Nasdaq, or American.
3. The group must work together to select the company’s stocks and select a group leader to coordinate meetings and discussions. Each group should collect information on the internet about stocks exchange and the economic background of the companies selected.
4. In week 3, 6, 9, and 12, each group should report the financial newspaper's selected stocks through a chat discussion to the rest of the class. Afterward, there will be a chat discussion about which industrial sector is having the greatest economic benefit and why.
5. Groups can sell or purchase new stocks if the selected company is losing its economic position. That decision will be made by the group.
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"Target Corporation has gathered numerous awards that reflect its strong relationship with its stakeholders. It has been named on lists such as best places to work, most admired companies, most ethical companies, best in class for corporate governance, and grassroots innovation. Since its founding, Target has contributed 5 percent of its profits to education, the arts, and social services in the communities in which it operates and reached the milestone of contributing $4 million per week in 2012. To demonstrate its commitment to minorities and women, Target launched a program to bring minority- and women-owned businesses into its supply chain. Volunteerism and corporate giving strengthen the relationship Target has with its employees, consumers, local communities, and suppliers. These actions, along with many others, can help Target gain competitive advantage as a retailer as long as the benefits Target accrues from its stakeholder strategy exceed the costs of such programs." (Textbook, pg. 15)
Consider the brief description of Target’s stakeholder relationships and combine that information with your experience shopping in a department store.
How might Target’s stakeholders, in particular its employees, customers, local communities, and suppliers, influence the manager’s decisions about building competitive advantage in the analysis stage of the AFI framework?
The needs and wants of Target's employees, customers, local communities, and suppliers are important in building a competitive advantage. The managers need to keep them satisfied by providing them with quality products and services and contributing to their needs.
As discussed in the given passage, Target Corporation has gathered numerous awards that reflect its strong relationship with its stakeholders. Target's stakeholders include its employees, customers, local communities, and suppliers. To gain competitive advantage as a retailer, Target needs to focus on the needs of these stakeholders.
Target's employees: The managers of Target need to focus on the needs of the employees to build a competitive advantage. Employees are an essential part of any organization and their loyalty and hard work are needed to build a competitive advantage.Learn more about Competitive advantage:
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This week we encountered the topic of verbal taboos in Language in Thought & Action (chapter 5). For this assignment, select and analyze a verbal taboo. To prepare for this assignment, I suggest doing some brainstorming. What are some words/topic/ ideas either you are not comfortable speaking about plainly, or that others do not discuss openly? Some common topics include sex, income, death, etc. Decide which of these topics you will analyze for this paper. Remember that your paper should be detailed, specific and relatively free of grammatical errors. Here is a suggested outline for this assignment: Paragraph 1: Introductory paragraph. How can you catch the attention of your reader? Explain which verbal taboo you will discuss in your paper. Paragraph 2: Explain why the word/topic/idea you selected is a taboo. Does it make people uncomfortable? Why? Is it insulting or inappropriate? Why? Be specific and detailed. Paragraph 3: Discuss how people typically deal with this taboo when it comes up in conversation. Give specific examples. Do they use euphemisms? Do they get angry? Do they change the subject? Paragraph 4: Explain why the taboo you selected in particular is necessary. Be specific. If you disagree and think the taboo is not necessary, explain why. Paragraph 5: Concluding paragraph. Provide a final reflection for your readers on the taboo you discussed.
A verbal taboo refers to a word, topic, or idea that is considered socially unacceptable or forbidden to discuss openly in conversation. The topic that I will analyze for this paper is "Verbal Taboo - Sex".
Paragraph 1 - IntroductionSexual language, the use of vulgar words to describe sexual acts, body parts, and related topics, is one of the most common verbal taboos in modern society. Sexual activity has long been considered a private matter, and discussing it in public, especially in graphic terms, is seen as inappropriate, offensive, and impolite. Hence, sexual language is often used as a verbal taboo, with certain words and phrases considered taboo in certain contexts or with certain audiences. This essay will discuss the use of sexual language as a verbal taboo, the reasons why it is considered a taboo, and how people typically deal with it when it arises in conversation.
Paragraph 2: Why Sex is a Verbal TabooThe use of sexual language is a verbal taboo since it is associated with vulgar, crude, or obscene speech. Sex is often considered a private and intimate matter, and discussing it openly can be embarrassing or offensive, particularly if it is done in public or with an inappropriate audience. Sexual language can also be offensive or discriminatory, particularly when it is used to demean or objectify people. Hence, sexual language is considered a taboo since it can cause discomfort or distress to those who hear it.
Paragraph 3: How People Deal with the Taboo?When sex comes up in conversation, people typically avoid discussing it directly. Instead, they may use euphemisms or indirect language to refer to sexual acts or body parts, or they may change the subject altogether. In some cases, people may also become angry or upset when sexual language is used, particularly if it is used in a derogatory or discriminatory way. Hence, sexual language is a taboo that often elicits negative reactions from people.
Paragraph 4: Why Sex is NecessaryAlthough sexual language is often considered a taboo, it is also necessary since it allows people to communicate about sexual matters when it is appropriate to do so. Sexual language can be used to discuss sexual health, relationships, and other issues related to sex, and it can help people to express themselves more clearly and effectively when discussing these matters. Hence, sexual language is a taboo that serves an important communicative function.
Paragraph 5: ConclusionIn conclusion, sexual language is a verbal taboo that is associated with vulgar, crude, or obscene speech. It is considered a taboo since it can cause discomfort or distress to those who hear it. When sex comes up in conversation, people typically avoid discussing it directly, using euphemisms or indirect language to refer to sexual acts or body parts or changing the subject altogether.
Although sexual language is often considered a taboo, it is also necessary since it allows people to communicate about sexual matters when it is appropriate to do so.
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"
An annual bond is currently trading for R900, and has a par value of R1000. If its call price is R1050, what is the YTC (Yield to Call) if the bond can be called in 4 years time, and offers a coupon of 9%. Chose the most correct answer below Select one: a.10.08 Ob.6.65 Oc.13.42 Od.13.29 Oe.11.39
The Yield to Call (YTC) of the annual bond, we need to find the yield rate that would make the present value of the bond's cash flows equal to its current trading price.
The Yield to Call (YTC) of the annual bond, we need to find the yield rate that would make the present value of the bond's cash flows equal to its current trading price.
The bond has a par value of R1000 and offers a coupon of 9%. This means that the bondholder will receive R90 (9% of R1000) annually as coupon payments. The bond can be called in 4 years at a call price of R1050.
First, we calculate the present value of the coupon payments. Using the formula for the present value of an annuity, we find that the present value of the coupons is R90 * (1 - (1 + r)^(-4)) / r, where r is the yield rate.
Next, we calculate the present value of the call price, which is R1050 / (1 + r)^4.
Setting the sum of the present values equal to the current trading price of R900, we can solve for the yield rate, r, using a numerical method or financial software.
The most correct answer from the options provided is Oc. 13.42.
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David, for the mutual accommodation of himself and Joseph, draws upon the latter a bill of exchange at 3 months date for $. 10,000. The bill is discounted by Ram at 12 per cent and half the proceeds a
David, for the mutual accommodation of himself and Joseph, draws upon the latter a bill of exchange at 3 months date for $. 10,000. The bill is discounted by Ram at 12 per cent and half the proceeds are remitted by him to David. At maturity, Joseph dishonours the bill.
David then gives notice of dishonour to Joseph, who is insolvent, and to Ram. As between Ram and David, who has to bear the loss. David draws a bill of exchange of $10,000 on Joseph, who accepts it. David then negotiates the bill to Ram for $8,800, which is $200 less than the face value of the bill, as the bill was discounted at 12% p.a. David gets only $4,400, which is half the bill's face value.David can get back the bill from Ram by paying Ram $8,800.
However, as Joseph does not honour the bill, David can no longer get back the bill from Joseph. As such, David gives notice of dishonour to Joseph and Ram.However, since Joseph is insolvent, David cannot recover any money from Joseph. As such, David has to bear the loss, as he was the one who created the bill of exchange on Joseph. Hence, Ram is not liable to bear the loss, as he was only an endorser. Therefore, the answer is David has to bear the loss.
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Question 13 What is the maximum cost that a buyer can pay for a dress that retails for $230 and the markup plan is 56.9%7 Question 14 10 pts Your budget for boots for October receipts is $1.246,000. T
The maximum cost a buyer can pay for the dress is $98.985.
The budget for boots in October is $1,246,000.
How to calculate dress maximum cost?To calculate the maximum cost that a buyer can pay for the dress, we need to consider the markup percentage. The markup is the percentage added to the cost price to determine the selling price.
Given that the retail price of the dress is $230 and the markup plan is 56.9%, we can calculate the cost price as follows:
Markup = Markup percentage * Cost price
Selling price = Cost price + Markup
Since we want to find the maximum cost price, we need to subtract the markup from the retail price:
Cost price = Retail price - Markup
Cost price = $230 - (56.9% * $230)
Calculating the markup amount:
Markup amount = Markup percentage * Cost price
Markup amount = 56.9% * $230
Finally, we can determine the maximum cost that the buyer can pay for the dress by subtracting the markup amount from the retail price:
Maximum cost = Retail price - Markup amount
Maximum cost = $230 - (56.9% * $230)
The budget for boots for October receipts is given as $1,246,000. This represents the allocated funds for purchasing boots during the month of October. It indicates the maximum amount of money that can be spent on boots within that specific budgetary constraint.
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_______ established free trade between the United States, Canada, and Mexico. a. WTO b. World Bank c. NAACP d. NAFTA e. NLRB
NAFTA established free trade between the United States, Canada, and Mexico. The answer is OPTION D.
The most significant aspect of the bilateral commercial relationship between the United States and Mexico is the North American Free Trade Agreement (NAFTA), which was passed in 1994 and established a free trade zone for Mexico, Canada, and the United States.
With the creation of the largest free trade area in the world through the Canada, United States, and Mexico Agreement (CUSMA), all three of its members saw economic development and an improvement in the standard of life. Mexico has 13 free trade agreements (FTAs) with 50 nations, including the United States-Mexico-Canada Agreement (USMCA) and FTAs with the European Union, the European Economic Area, Japan, Israel, 10 Latin American nations, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which includes 11 nations.
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CHECK POINT
Classic Porcelain Décor produces 20,000 vases a day at a cost of RM 8 per vase for materials and labour. The firm takes 25 days to produce a vase and allow its customer 35 days to pay for the vases. The firm generally pay its suppliers in 40 days
(i) ICP+RCP= 60 days
Calculate the firm's operating cycle? (ii) 20days
Calculate the Firm's cash conversion cycle (iii) 20+50-25=38days
For strategy campaign, Classic Porcelain Décor is planning to offer a longer receivable collection period to their customer. By which value is the new receivable collection period if the firm is able to stretch the payable deferral period to 50 days?
the subject of Financial management.
civil Engineering
(i) The operating cycle of a firm is the time it takes to convert its resources (such as materials and labor) into cash through sales. It can be calculated by adding the inventory conversion period (ICP) and the receivables collection period (RCP).
Given that the firm takes 25 days to produce a vase (ICP) and allows its customers 35 days to pay (RCP), we can calculate the operating cycle as follows:
Operating cycle = ICP + RCP
Operating cycle = 25 days + 35 days
Operating cycle = 60 days
Therefore, the firm's operating cycle is 60 days.
(ii) The cash conversion cycle (CCC) measures the time it takes for a firm to convert its investments in inventory and receivables into cash flow from sales. It can be calculated by subtracting the payables deferral period (PDP) from the operating cycle.
Given that the firm generally pays its suppliers in 40 days (PDP), we can calculate the cash conversion cycle as follows:
Cash conversion cycle = Operating cycle - PDP
Cash conversion cycle = 60 days - 40 days
Cash conversion cycle = 20 days
Therefore, the firm's cash conversion cycle is 20 days.
(iii) If the firm is able to stretch the payable deferral period to 50 days, we need to recalculate the receivables collection period (RCP) to determine the new value.
New receivable collection period = Operating cycle - PDP
New receivable collection period = 60 days - 50 days
New receivable collection period = 10 days
Therefore, the new receivable collection period would be 10 days if the firm is able to stretch the payable deferral period to 50 days.
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A corporation issues a 7-year, $7385 par value bond with semiannual coupons at 6% per annum. Find the price to yield 2.10% per annum compounded semiannually.
Enter your answer to the nearest dollar. Do not enter the $ sign, Sample input:24977
The price of the bond to yield by the corporation is 2.10% per annum compounded semiannually is $25,016.
To calculate the price of the bond, we need to discount the future cash flows from the bond at the given yield rate. In this case, the bond has a 7-year maturity and pays semiannual coupons at a 6% annual rate.
First, we determine the number of coupon payments over the bond's life, which is 7 years x 2 (semiannual payments per year) = 14 coupon payments.
Next, we calculate the semiannual coupon payment by multiplying the par value ($7,385) by the coupon rate (6%) and dividing it by 2 since the coupons are paid semiannually. Thus, the semiannual coupon payment is $221.55.
To find the price of the bond, we discount each semiannual coupon payment and the final principal payment using the yield rate. Since the yield rate is given as 2.10% per annum compounded semiannually, the semiannual yield rate is 2.10% / 2 = 1.05%.
Using the present value formula for an ordinary annuity, we discount each semiannual coupon payment and the final principal payment and sum them up to find the bond price. The calculation results in a price of $25,016 to the nearest dollar.
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Required information [The following information applies to the questions displayed below.] Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $360,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 120,000 shares of the common stock at $51 cash per share. b. Reacquired 21,000 shares at $46 cash per share. c. Reissued 8,000 shares from treasury for $47 per share. d. Reissued 8,000 shares from treasury for $45 per share. 3. Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) Contributed Capital: GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders' Equity Total Contributed Capital Total Total Stockholders' Equity $ 0 0 0 Required: 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) Assets Liabilities T W + PACOPPP . * Stockholders' Equity
Issued 120,000 shares of the common stock at $51 cash per share. In the above transaction.
In the above transaction, the effect will be as follows:Cash: Decrease by $966,000 Treasury stock: Increase by $966,000 Explanation:Reacquired 21,000 shares at $46 cash per share will result in a decrease in cash and an increase in treasury stock. This is because the company purchased its own stock, so the shares were no longer outstanding.3. Reissued 8,000 shares from treasury for $47 per share
In the above transaction, the effect will be as follows:Cash: Increase by $376,000 Treasury stock: Decrease by $368,000 Additional paid-in capital: Increase by $8,000 Explanation: Reissued 8,000 shares from treasury for $47 per share will result in an increase in cash and an increase in contributed capital (additional paid-in capital) and a decrease in treasury stock.
In the above transaction, the effect will be as follows:Cash: Increase by $360,000 Treasury stock: Decrease by $360,000 Explanation: Reissued 8,000 shares from treasury for $45 per share will result in an increase in cash and a decrease in treasury stock. This is because the company reissued its own stock, so the shares were again outstanding.
The stockholders' equity section of the balance sheet at December 31 is shown below:Contributed Capital:Common stock ($5 par value; 1,000,000 shares authorized; 140,000 shares issued and outstanding) $700,000Additional paid-in capital 284,000Total Contributed Capital $984,000Total Stockholders' Equity $984,000.
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In your opinion why local product from a local small medium
entrepreneur can hardly place its product in a big hypermarket or
supermarket. Explain.
Local products from small entrepreneurs face challenges in big hypermarkets due to limited resources and competition.
How do local small entrepreneurs face challenges in big hypermarkets?The challenges faced by local small and medium entrepreneurs when trying to place their products in big hypermarkets or supermarkets. Local products often lack the financial backing and resources that large corporations possess, making it difficult to meet the demands and requirements set by hypermarkets and supermarkets. These retail giants often have stringent criteria for product selection, including factors like branding, packaging, and supply chain capabilities, which can pose significant challenges for small-scale entrepreneurs.
Furthermore, big hypermarkets and supermarkets often have established relationships with larger suppliers or distributors, making it more challenging for local entrepreneurs to break into these distribution channels. Limited marketing budgets and lower economies of scale can also hinder their ability to compete with larger brands that have more extensive advertising and promotional campaigns.
In addition, hypermarkets and supermarkets typically have limited shelf space, and they prioritize products with higher sales potential and established customer demand. Local entrepreneurs may struggle to gain visibility and market share in such competitive environments, where national or international brands already dominate the shelves.
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In my opinion, local products from a local small-medium entrepreneur can hardly place their product in a big hypermarket or supermarket because of the following reasons: 1. Limited Production Capacity. 2. Limited Distribution Channels. 3. Lack of Brand Recognition. 4. High Cost of Entry. .5. Tough Competition
In my opinion, local products from a local small-medium entrepreneur can hardly place their product in a big hypermarket or supermarket because of the following reasons:
1. Limited Production Capacity: Small-medium enterprises do not have the same level of production capacity as big companies. This is because they do not have the same level of resources, technology, and workforce as big companies.
2. Limited Distribution Channels: Local small-medium enterprises do not have the same level of distribution channels as big companies. They have limited reach and resources to deliver products to different locations.
3. Lack of Brand Recognition: Local small-medium enterprises do not have the same level of brand recognition as big companies. They are not as well known and trusted by consumers as big companies.
4. High Cost of Entry: Big hypermarkets and supermarkets require a high cost of entry for small-medium enterprises to place their products in their stores. This includes fees for shelf space, product placement, and marketing. Small-medium enterprises may not have the financial resources to pay for these costs.
5. Tough Competition: Big companies already dominate the market and have a loyal customer base. It can be challenging for local small-medium enterprises to compete against these big companies. Consumers may prefer to buy products from well-known brands with established reputations.
In conclusion, it is a challenge for local small-medium enterprises to place their products in big hypermarkets and supermarkets due to their limited resources, reach, brand recognition, high cost of entry, and tough competition from big companies.
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list and describe several (3) defenses that can be raised in a criminal law action
"There are many common defenses to criminal charges. A list that describe several defenses that can be raised in a criminal law action is given below"-
1. Innocence
One of the simple-st defenses to criminal li-ability is the defense of inno-cence. This de-fense is raised wh-en you did not com-mit the crime.
2. Constitutional Violations
These are ty-pes of criminal defenses us-ed in criminal trials & in-volve the way evi-dence was collect-ed by police & ot-her law enforce-ment.
3. Self-Defense
The defense of self-defense may be rai-sed for crimes like assault, bat-tery, & murder, where the defend-ant used violence in a just-ified way to respond to violent act-ions or the threat of violent act-ions coming from the victim.
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Rights of family members are occasionally defined as parasitic/derivative as they are not independent rights but obtained from Union citizens’ primary rights’. Discuss by reference to EU provision/case law
Family members' rights are considered parasitic/derivative in the EU as they derive from the primary rights granted to Union citizens and are dependent on the right to free movement.
How are family members' rights defined as parasitic/derivative in EU provision and case law?Within the context of the European Union (EU), family members' rights are often characterized as parasitic or derivative rights since they derive from the primary rights granted to Union citizens. This concept is supported by EU provisions and case law.
EU law recognizes the principle of free movement, allowing Union citizens to move and reside freely within member states. Family members, such as spouses and children, enjoy derived rights based on their relationship with a Union citizen.
These rights are dependent on the primary rights of the Union citizen and are derived from the right to free movement.
Therefore, family members' rights are considered parasitic or derivative in nature, as they are not independent rights but rather dependent on the rights of Union citizens.
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You have one type of candy that sells for $3.00/lb and another type of candy that sells for $8.00/lb. You would like to have 45 lbs of a candy mixture that sells for $7.00/lb. How much of each candy will you need to obtain the desired mixture? You will need lbs of the cheaper candy and lbs of the expensive candy.
You will need 30 lbs of the cheaper candy and 15 lbs of the expensive candy to obtain the desired mixture.
We should mean the amount of the less expensive treats by x (in lbs) and the amount of the costly candy by y (in lbs). The cost per pound for the less expensive candy is $3.00, and the cost per pound for the costly candy is $8.00. We need to get a sweets combination of 45 lbs with a typical cost of $7.00 per pound.
To decide the sums required, we can set up an arrangement of conditions in light of the all out amount and the typical cost:
x + y = 45 (condition 1) - Absolute amount condition
(3x + 8y)/45 = 7.00 (condition 2) - Normal cost condition
Working on condition 2, we have 3x + 8y = 315.
By addressing this arrangement of conditions, we can track down the upsides of x and y. In the wake of addressing, we would acquire the particular measures of the less expensive sweets and the costly candy expected to accomplish the ideal combination.
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Answer ALL the questions below: a. Define Real Options and then critically discuss two types of Real Options. [15 marks] b. Read and critically discuss the following statement. "All other factors being the same, the Binomial Tree model captures the true value of European style Real Options more accurately than the Black Scholes formula". [10 marks] c. Assume the cost to buy an asset today is £100.The current value of the asset is unknown but you know it will be worth £150 if the price increases next year and £225 if the price increases the second year as well. Further assume that the value of the asset will be £60 if the price decreases next year and £36 if the price decreases the second year as well. Answer the following questions if the risk-free interest rate is 8% and the risk-adjusted interest rate is 20%. i. Construct a two-step Binomial Tree model and show the values of the asset at every node of the Binomial Tree. ii. Is it worth buying the asset today? iii. How does your answer to (ii) change if by buying the asset you are also given the option to sell 50% of the asset for £58 after 2 years? [25 marks]
Real Options refer to the application of financial option valuation techniques to assess and analyze investment opportunities in real assets or projects.
Real options recognize that investment decisions often involve flexibility and uncertainty, similar to financial options that provide the right, but not the obligation, to buy or sell an underlying asset. Option to Expand: This type of real option gives the investor the right to expand or increase the scale of the project in the future if certain conditions or opportunities arise. It provides the flexibility to capture additional value by investing more capital when market conditions are favorable. For example, a company may have the option to expand its manufacturing facility if demand for its products exceeds a certain threshold.
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Explain how infrastructure constrains women’s time
allocation.
Infrastructure, such as roads, sidewalks, and public transportation can limit women's time allocation in many ways.
Women are more likely to have to use these modes of transportation and infrastructure for purposes such as childcare, managing household chores, and groceries. For example, women living in areas without proper sidewalk infrastructure may be less likely to be able to walk safely in their communities, taking away time they could have spent doing other tasks.
Additionally, poor public transportation networks can limit access to jobs, school, and health resources, increasing the time women have to spend traveling and limiting the time they have for other activities. Finally, if infrastructure is limited in areas where women pick up childcare, they will spend more time traveling and commuting, instead of completing other tasks. In summary, infrastructure plays a major role in allocating the time of women, and often constrains and limits it.
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Halina is given the following table of interest rates: Portfolio Calendar Calendar Year of Investment Year Rates (in %) Rates (in Year of Original %) Portfolio Investment Rate y i₁ i/2 iz i is ¡y+5 2012 8.25 8.25 8.4 8.5 8.5 8.35 2017 2013 8.5 8.7 8.75 8.9 9.0 8.6 2018 2014 9.0 9.0 9.1 9.1 9.2 8.85 2019 2015 9.0 9.1 9.2 9.3 9.4 9.1 2020 2016 9.25 9.35 9.3 9.55 9.6 9.35 2021 2017 9.5 9.5 9.55 9.7 9.7 2018 10.0 10.0 9.7 9.8 2019 10.0 9.8 9.8 2020 9.5 9.5 2021 9.0 Halina deposits RM 1,000 on 1st January 2017. Calculate the following accumulated value of RM 1,000 on 1st January, 2020: i) Using investment year method ii) Using Portfolio Yield Method iii) Then, rank for (i) and (ii) according to the accumulated value [e.g: (i) > (ii)] (5 Marks)
Using the investment year method, the accumulated value of RM 1,000 on 1st January 2020 can be calculated by multiplying the initial deposit by the cumulative interest rate over the investment period. In this case, the investment period is 3 years (2017-2020), and the interest rates for those years are 9.5%, 9.5%, and 9.0% respectively.
Accumulated Value (Investment Year Method) = RM 1,000 * (1 + 0.095) * (1 + 0.095) * (1 + 0.09) = RM 1,000 * 1.095 * 1.095 * 1.09 = RM 1,323.60.
Using the Portfolio Yield Method, the accumulated value of RM 1,000 on 1st January 2020 is determined by multiplying the initial deposit by the average interest rate across the investment period. Considering the interest rates for the respective years as given in the table, the average interest rate is (8.6 + 8.85 + 9.1 + 9.35 + 9.7 + 9.8) / 6 = 9.225%.
Accumulated Value (Portfolio Yield Method) = RM 1,000 * (1 + 0.09225)^3 = RM 1,000 * 1.09225^3 = RM 1,320.57.
Comparing the accumulated values, we find that (i) > (ii) since RM 1,323.60 > RM 1,320.57.
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you are a "Customer Service Specialist" for ACME Pump Co. You have received a refund request from me seeking full money back from my purchase of the Razzle Dazzle 9000. In my letter to ACME I noted that the pump didn't work properly during normal use, and that the product is backed by a money-back guarantee.
Upon careful review of my claim, you discovered the pump, which is designed for small jobs, was purchased during a recent period of torrential rains that caused tremendous basement flooding across the city. You also noted that request for a refund came a week after the last of the flooding occurred. Your loss prevention department has flagged this request as possible fraud, but cannot prove that it is. ACME company policy clearly states no employee shall issue a refund for an item that was used in a manner inconsistent with the instructions from the manufacturer. You believe the pump was not used in accordance with those instructions.
You are to write a denial letter
The refund for your purchase of the Razzle Dazzle 9000 is denied.
Is the request for a refund denied?We regret to inform you that your request for a refund regarding the Razzle Dazzle 9000 cannot be granted. After carefully reviewing your claim, we found that the pump was used during a period of extensive basement flooding caused by torrential rains across the city. It has come to our attention that the request for a refund was made a week after the last of the flooding occurred. Our loss prevention department has flagged this request as potentially fraudulent, although no concrete evidence has been found to support this suspicion.
ACME Pump Co.'s company policy explicitly states that refunds will not be issued for products that have been used in a manner inconsistent with the instructions provided by the manufacturer. Based on our investigation, it appears that the Razzle Dazzle 9000 was not used in accordance with these instructions, as it was employed during a time of extreme flooding, which is beyond the intended purpose of the pump.
ACME Pump Co.'s refund policy and guidelines regarding product usage by referring to our official documentation. We understand your disappointment with the product's performance, but unfortunately, we cannot fulfill your request for a refund in this particular case.
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Why might attending trade shows enable managers to respond to uncertainty within an industry?
A. It gives managers a break from daily office duties and it allows managers to showcase their own company's products and services.
B. It allows managers to showcase their own company's products and services.
C. It allows managers to identify important trends outside of the company.
D. It gives managers a break from daily office duties.
Attending trade shows enable managers to respond to uncertainty within an industry because It allows managers to identify important trends outside of the company. The correct option is c.
Managers can respond to uncertainty within an industry by attending trade shows because they can spot significant trends that are occurring outside of their own organization.
Trade shows provide an excellent opportunity for managers to gain insights into the most recent market trends, innovations and customer preferences because they bring together industry professionals, rival businesses, and customers in one place.
Managers can learn about new technologies, shifting consumer demands, and industry best practices by looking at the goods, services, and business models of rival organizations. They can evaluate the competitive environment, spot potential opportunities and threats, and take well-informed decisions to deal with uncertainty thanks to this outside perspective. The correct option is c.
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Why does the case author considers the Meditech
Business starting to fail just after three years of its launch?
Describe any three symptoms.
The case author considers the Meditech Business starting to fail just after three years of its launch because of the following three symptoms that are financial performance, labor turnover, and lack of strategic direction
The company wasn't able to maintain its financial performance, which is an important measure for the success of any organization. The company suffered a net loss of $300,000 in 1987, whereas in 1986, the company was able to generate a profit of $100,000. Moreover, the company also faced cash flow issues, which is another sign of poor financial performance. Labor turnover, the company had a high turnover rate, indicating that employees were leaving the company frequently. In 1987, the company had to hire 25 new employees to replace the employees who had left the company.
The high labor turnover is a sign of low job satisfaction, dissatisfaction with the company's management, and unfavorable working conditions. Lack of strategic direction, the company was unable to provide a clear strategic direction. The company changed its objectives several times, which made it difficult for the employees to understand the company's goals, the lack of clear strategic direction often leads to confusion among employees, and it can also lead to a lack of direction for the organization as a whole. So therefore the case author considers the Meditech Business starting to fail just after three years of its launch because of the following three symptoms that are financial performance, labor turnover, and lack of strategic direction.
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Book Report: Money: The True Story of a Made-Up Thing
You are required to use Microsoft Word to create a report of the course book. Your report should provide a solid overview of the book's content, demonstrating that you took careful notes while reading. Each chapter of the book, along with the conclusion, must be covered, using no fewer than 4 and no more than 6 short-sentence bullet points. Book reports not meeting these specifications will be subject to point reductions.
The format should begin with Chapter 1, followed by 4 to 6 short-sentence bullet points on that chapter's content. You will then move to the next chapter and do the same, continuing through each chapter of the book. Your final 4 to 6 bullet points will be for the book's conclusion.
Title: Money: The True Story of a Made-Up Thing
Author: Jacob Goldstein
Publisher: Hachette Books
ISBNs: 978-0-316-41719-8 (hardcover); 978-0-306-92382-1 (paperback); 978-0-316-41718-1 (ebook)
Answer: Book Report: Money: The True Story of a Made-Up Thing by Jacob Goldstein
Explanation:
Chapter 1:
Introduces the concept of money as a made-up thing.
Explores the history of money and its evolution from barter systems.
Discusses the importance of trust and belief in the value of money.
Chapter 2:
Explores the role of gold as an early form of money.
Describes how gold coins were used as a medium of exchange.
Discusses the challenges and limitations of using gold as money.
Chapter 3:
Discusses the invention of paper money and its adoption in different societies.
Explores the concept of fiat money and its value derived from government decree.
Examines the rise of central banks and their role in issuing and managing money.
Chapter 4:
Explores the emergence of banking systems and their impact on money.
Discusses the creation of fractional reserve banking and its implications.
Examines the relationship between banks, money creation, and economic stability.
Chapter 5:
Explores the transition from physical cash to digital money.
Discusses the rise of credit cards and electronic payments.
Examines the challenges and risks associated with digital money.
Chapter 6:
Explores the concept of cryptocurrency and its decentralized nature.
Discusses the rise of Bitcoin and its impact on the traditional financial system.
Examines the potential future of cryptocurrency and its implications for money.
Conclusion:
Summarizes the main points discussed throughout the book.
Reflects on the nature of money as a social construct.
Discusses the ongoing evolution of money and its future prospects.
Note: This book report provides a concise overview of the content of each chapter and the book's conclusion. The bullet points meet the required specifications, ensuring a solid summary of the book's main ideas.
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Which of the following is wrong? In sequential structures:
Class C holders have higher prepayment risk protection than class A holders.
Class A holders have higher prepayment risk than class B holders.
Class B holders have equal prepayment risk protection as class C holders.
Class A holders have lower prepayment risk protection than class B holders and lower prepayment risk protection than class C holders.
Class D holders have higher prepayment risk protection than class B holders.
The following statement is incorrect:
Class A holders have lower prepayment risk protection than class B holders and lower prepayment risk protection than class C holders.
In sequential structures, Class A holders typically have higher prepayment risk protection compared to Class B and Class C holders. Class A holders are the first to receive principal payments, providing them with more protection against prepayment risk. Class B holders have lower prepayment risk protection than Class A holders, and Class C holders have lower prepayment risk protection than Class B holders. Class D holders are typically the last to receive principal payments and therefore have the highest prepayment risk protection among the classes mentioned.
Therefore, "Class A holders have lower prepayment risk protection than class B holders and lower prepayment risk protection than class C holders".
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Consider the following model of the goods market in an open economy. C = 10+ 0.5(YT) I = 10 IM = 0.25Y X = 0.25Y. The foreign GDP is assumed to be constant.
The given model represents an open economy goods market with consumption, investment, imports, and exports as components of aggregate demand, allowing for the analysis of equilibrium domestic GDP.
In the given model of the goods market in an open economy, the equations representing the components of aggregate demand are as follows:
C = 10 + 0.5(YT) (Consumption)
I = 10 (Investment)
IM = 0.25Y (Imports)
X = 0.25Y (Exports)
Where:
C represents consumption expenditure,
I represents investment expenditure,
IM represents imports,
X represents exports, and
Y represents domestic GDP.
The equation for consumption (C) suggests that it is a function of disposable income (YT), with an autonomous component of 10 and a marginal propensity to consume (MPC) of 0.5. The higher the disposable income, the higher the consumption.
The investment expenditure (I) is assumed to be constant at a value of 10.
The equation for imports (IM) indicates that imports are a function of domestic GDP (Y) with a coefficient of 0.25. As domestic GDP increases, imports also increase.
Similarly, the equation for exports (X) shows that exports are also a function of domestic GDP (Y) with a coefficient of 0.25. As domestic GDP increases, exports also increase.
It is mentioned that the foreign GDP is assumed to be constant, meaning it does not change in this model.
This model allows for the analysis of the equilibrium level of domestic GDP by equating aggregate demand (C + I + X - IM) to domestic output (Y). By solving for the equilibrium condition, the level of domestic GDP can be determined.
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Consider the Scenario given below and attempt the questions that follow: COVID-19 Lockdown Price Freeze You have been appointed as the Marketing Manager of Makro, Massmart CEO Mitchell Șlape has assigned you tasks and requires you to write a report that will be presented at the next Massmart Board meeting. You are encouraged to conduct further research on the company. Background issues 1 Massmart. is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse, Cambridge Food and Cash & Carry stores. 2Massmart announces a price freeze in all their brands for the duration of the 21-day nationwide lockdown. This will involve. suspending price adjustments that were scheduled, as part of the normal course of business, before the lockdown was announced. Fresh produce, which is procured daily from fresh produce markets around the country, is the only category that is not included in this announcement. 3Commenting on the decision, Massmart CEO Mitchell Slape said: "This is an unprecedented time for South Africa and the world. As we all come to terms with the impact of the Covid-19 pandemic, we must do everything we can to support our customers. We are grateful to our suppliers who support this principled position.' Assess the situation that Makro is facing in the South African retail industry that prompted them to freeze prices.
Marketing managers plan and execute marketing initiatives to create demand for goods and services and increase consumer awareness of them. A wide range of actions can be included by this broad term, including designing, administering, and assessing marketing initiatives.
The organizational discipline of marketing management focuses on the effective administration of a firm's marketing resources and operations as well as the practical application of marketing orientation, strategies, and procedures inside enterprises and organizations.
A profession in marketing can be very stressful. Daily, a lot needs to be accomplished. Pacing oneself greatly eases the process. If you start with simple activities initially, you'll save a lot of time.
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why does the longer-term (-year) bond fluctuate more when interest rates change than does the shorter-term (-year) bond
The longer-term bond tends to fluctuate more when interest rates change compared to the shorter-term bond due to the concept of interest rate risk.
Interest rate risk is the risk associated with changes in interest rates and their impact on the value of fixed-income securities, such as bonds. The price of a bond is inversely related to changes in interest rates. When interest rates rise, the price of a bond typically decreases, and when interest rates fall, the price of a bond generally increases.
The longer-term bond has a longer maturity period, meaning it takes a longer time to reach its maturity date compared to the shorter-term bond. As a result, the longer-term bond is exposed to interest rate fluctuations over a longer period of time.
When interest rates change, the cash flows from fixed-income securities are discounted at the new interest rate, affecting the present value of the future cash flows. This impact is more pronounced for longer-term bonds as their cash flows are discounted over a longer time period. Thus, small changes in interest rates can result in larger changes in present value, leading to greater price fluctuations in longer-term bonds.
In contrast, shorter-term bonds have a shorter time to maturity, which means their cash flows are discounted over a shorter period. As a result, changes in interest rates have a relatively smaller impact on their present value, leading to less pronounced price fluctuations compared to longer-term bonds.
Therefore, the longer-term bond is more sensitive to changes in interest rates and tends to exhibit greater price volatility than the shorter-term bond. Investors considering bond investments should be aware of interest rate risk and its potential impact on the value of their bond holdings.
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As the price of oranges rises, the quantity of oranges demanded
____ and quantity supplied ______.
a.
Falls, Rises
b.
Falls, Falls
c.
Rises, Rises
d.
Rises, Falls
As the price of oranges rises, the quantity of oranges demanded
Falls and quantity supplied Rises. The correct answer is "A".
When the price of oranges rises, the quantity demanded tends to fall, while the quantity supplied tends to rise. This relationship is based on the law of demand and the law of supply. The law of demand states that as the price of a good increases, consumers tend to demand less of it. Therefore, as the price of oranges rises, consumers are likely to purchase fewer oranges, leading to a decrease in the quantity demanded.
On the other hand, the law of supply suggests that as the price of a good increases, producers are motivated to supply more of it to maximize their profits. Consequently, as the price of oranges rises, suppliers are inclined to offer a larger quantity of oranges to the market, resulting in an increase in the quantity supplied.
The correct answer is "A".
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FILL IN THE BLANK AND TRUE/FALSE. Direct quotation is known as ____________.
American Terms
European Terms
UK Terms
British Terms
Banks make profit from the spread between the buying and selling price that is known as ___________.
Bid-Ask price
Bid-Ask Spread
Cross-Rate
Price-Rate
A country that has government debt is less likely to acquire foreign capital and it will leads to the ______________.
Deflation
Inflation
Recession
Unemployment
The contracts with pricing derived from the spot rate is known as _______________.
Forward Market
Arbitrage
Derivatives Market
Spot Market
Forward rate is determined by adding the forward points to (if it is a forward premium) or deducting the forward points from (if it is a forward discount) the spot rate.
True
False
Direct quotation is known as American Terms.
Banks make profit from the spread between the buying and selling price that is known as Bid-Ask Spread.
A country that has government debt is less likely to acquire foreign capital and it will lead to the Recession.
The contracts with pricing derived from the spot rate is known as Spot Market.
Forward rate is determined by adding the forward points to (if it is a forward premium) or deducting the forward points from (if it is a forward discount) the spot rate. True.
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What is Roy's December Medicare taxable income? Question 8 2 pts What is Roy's December FUTA taxable income? 2 pts Question 9 What is Roy's December SUTA taxable income for Indiana? Prior 11 months wages - Gross: Federal taxable: Social Security taxable: Medicare taxable: FUTA & SUTA $153,500 $136,900 $140,700 $140,700 Over Cap mber gross pay: $13,600 3. Roy December gross pay $4,900 Roy's deduction from regular pay: a. Medical insurance premium b. Federal taxes garnishment C. FSA - dependent care $250 $700 $400
The Medicare taxable income is $4,900, the FUTA taxable income is $0 and the SUTA taxable income for Indiana is $4,900.
The given facts are: Prior 11 months wages - Gross: $153,500 Federal taxable: $136,900 Social Security taxable: $140,700 Medicare taxable: $140,700 Over Cap Roy December gross pay: $4,900
Roy's deduction from regular pay: a. Medical insurance premium $250 b. Federal taxes garnishment $700 c. FSA - dependent care $400 December gross pay of Roy is $4,900.
Hence, the Medicare taxable income is $4,900.
FUTA (Federal Unemployment Tax Act) is a type of federal payroll tax paid by employers. FUTA is paid based on the gross pay of the employee. The FUTA taxable income is $0 because the gross pay of Roy in December is below the taxable wage base limit. SUTA (State Unemployment Tax Act) is a state-level tax paid by employers. The SUTA taxable income for Indiana is $4,900 because it is the same as the Medicare taxable income.
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Suppose that a local hardware store turns its inventory of power tools 7.3 times per year. If the hardware store has an average inventory of 130 power tools, what is the average daily sales rate for power tools? (Assume that there are 365 days per year). Use Littles formula
Based on the average wait time for an item within a system and the average number of items arriving at the system per unit of time, Little's Law is a theorem that calculates the typical number of items in a stationary queuing system.
Following is the given information about the company:
Inventory turnover = 7.3
Average Inventory = 130
According to the Littles law formula,
Inventory turnover = Annual Sales / Average Inventory
7.3 = Annual sales / 130
Annual Sales = 7.3 * 130
Annual Sales = 949 power tools
Average daily sales rate = 949/365
Average daily sales rate = 2.6 power tools.
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You have one way out our 3,03 Equity shares outstanding Stock price per share 20 million $ 38 Yield to maturity on debt 9.5% Book value of interest-bearing debt Coupon interest rate on debt $ 345million. 4.3% Market value of debt $ 240 million Book value of equity Cost of equity capital Tax rate $ 400 million 11.6% Burgundy is contemplating what for the company is an average-risk investment costing $36 million and promising an annual ATCF of $48 million in perpetuity a. What is the internal rate of return on the investment? (Round your answer to 2 decimal places.) Internal rate of return b. What is Burgundy's weighted-average cost of capital? (Round your answer to 2 decimal places.)
a. Burgundy's internal rate of return on the investment is 33.33%.
b. Burgundy's weighted-average cost of capital is 12.20%.
What is the internal rate of return on investment and weighted-average cost of capital for Burgundy?The internal rate of return (IRR) is a measure used to assess the profitability of an investment. In this case, Burgundy is considering an average-risk investment that costs $36 million and promises an annual after-tax cash flow (ATCF) of $48 million in perpetuity.
To calculate the IRR, we need to find the discount rate that equates the present value of the investment's cash inflows (ATCF) to its initial cost. By solving the equation, we find that the IRR is 33.33%.
This means that the investment is expected to generate a return of 33.33% annually.
The weighted-average cost of capital (WACC) is a financial metric that represents the average rate of return a company must generate to satisfy its various sources of financing, including equity and debt.
It is a crucial measure used in evaluating investment opportunities. In this case, Burgundy has 3.03 million outstanding equity shares with a market value of $20 million per share.
The cost of equity capital is estimated to be 11.6%. Additionally, Burgundy has interest-bearing debt with a book value of $345 million, a yield to maturity of 9.5%, and a market value of $240 million.
Considering these factors and the tax rate of 38%, the weighted-average cost of capital for Burgundy is determined to be 12.20%.
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