Occurrence to ensure that the transactions have been fulfilled and there is no profit overage.
Because we are checking invoices that indicate that a business has made sales, and because we previously stated that this is an area where fraud is likely to happen because it is so simple to create invoices and record sales, we want to ensure that all invoices for generated sales reflect actual events. The goods must be sent to the client in order for the sales to take place, which is why we are examining the shipping documentation to verify that the transactions have actually taken place.
Not Existence because this is (a) the year's transactions, and Existence is balancing that account at year's end. If these specific transactions are unpaid as of year-end, the customer will have an outstanding balance on their account receivable, and we will need to check the account receivable (Existence relate to the items in statement of financial position).
Not Customer orders, goods are shipped, invoices are raised, transactions are recorded, customers pay, and you record the payment. Since we are only checking one step of the transaction, however, the recordings of the payment and transaction steps are needed to determine whether the transaction is complete.
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The specific audit objective that this procedure satisfies is Objective #7: To determine whether recorded sales transactions have been properly authorized, processed, and recorded in the correct accounting period.
Based on the provided information, the specific audit procedure you mentioned is:
a. Examine a sample of electronic sales invoices to determine whether each order has been shipped, as evidenced by a shipping document number.This audit procedure satisfies the following specific audit objective: Completeness - This objective ensures that all transactions and events that should have been recorded have been recorded.
By examining a sample of electronic sales invoices and checking for shipping document numbers, the auditor can verify that all shipped orders have been properly documented and included in the sales records. This helps to confirm that sales, accounts receivable, and cash receipts are complete for the fiscal year ended December 31, 2019.
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MIRR unequal lives. Singing Fish Fine Foods has $2,020,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's deli section for additional food service. The estimated after-tax cash flow of this project is $630,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated annual after-tax cash flow for this project is $540,000 for the next six years. The appropriate discount rate for the deli expansion is 9.5% and the appropriate discount rate for the wine section is 9.1%. What are the MIRRs for the Singing Fish Fine Foods projects? What are the MIRRs when you adjust for unequal lives? Do the MIRR adjusted for unequal lives change the decision based on MIRRS? Hint: Take all cash flows to the same ending period as the longest project. .. If the appropriate reinvestment rate for the deli expansion is 9.5%, what is the MIRR of the deli expansion? % (Round to two decimal places.) If the appropriate reinvestment rate for the wine section is 9.1%, what is the MIRR of the wine section? % (Round to two decimal places.) Based on the MIRR, Singing Fish Fine Foods should pick the___project. (Select from the drop-down menu.) What is the MIRR adjusted for unequal lives of the deli expansion? % (Round to two decimal places.) What is the MIRR adjusted for unequal lives of the wine section? % (Round to two decimal places.) Based on the adjusted MIRR, Singing Fish Fine Foods should pick the___ project. (Select from the drop-down menu.) Does the decision change? (Select from the drop-down menu.)
Singing Fish Fine Foods should choose the deli expansion project based on both the MIRR and adjusted MIRR values.
What is the recommended project for Singing Fish Fine Foods based on MIRR and adjusted MIRR values?To answer your question, we'll first calculate the MIRR for both projects and then adjust for unequal lives. Finally, we'll determine which project Singing Fish Fine Foods should choose based on the MIRR and adjusted MIRR values.
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Which of the following are types of barriers to communication? (Check all that apply.)
Physical. cross-cultural. personal. non-verbal.
gender
cross-cultural and personal are types of barriers to communication that relate to cultural differences and individual characteristics that can affect communication. Non-verbal and physical barriers can also exist, but gender is not necessarily a barrier to communication.
Here's some more information on each type of barrier:
Physical barriers: These can be due to factors such as distance, environmental conditions, or technological issues that prevent effective communication between the sender and receiver.Cross-cultural barriers: These arise when people from different cultures or backgrounds have different communication styles or expectations, such as language differences, body language, or social norms.Personal barriers: These are internal obstacles to effective communication, such as a lack of confidence, fear of speaking up, or emotional issues that may affect how a message is received.Non-verbal barriers: These are communication obstacles that arise from non-verbal cues, such as body language, facial expressions, and tone of voice. If these cues do not match the verbal message, or if the receiver misinterprets them, effective communication can be impeded.Learn more about technological here:
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Physical, cross-cultural, personal, and non-verbal barriers are types of barriers to communication.
The types of barriers to communication are:
Physical barriers: These are barriers related to the environment, such as noise, distance, and lack of privacy.
Cross-cultural barriers: These are barriers related to cultural differences, such as language, customs, and values.
Personal barriers: These are barriers related to personal characteristics, such as emotions, attitudes, and perceptions.
Non-verbal barriers: These are barriers related to body language, gestures, facial expressions, and tone of voice.
Gender barriers: These are barriers related to gender stereotypes, such as assumptions about the communication style of men versus women.
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Classic Potato Chips is thinking of distributing a coupon on its 454 g bag of regular crinkled chips. Currently, the cost of producing a bag of chips is $0.60, with typical expenses of $0.21 per bag. Classic sells the bag to retailers for $1.50 per bag. The coupon is in the amount of $0.60, while retailers are offered $0.13 for handling expenses. Classic forecasts an increase in sales of 500,000 bags with the coupon, incurring total marketing expenses of $115,000. What is its profit (or loss) per unit if Classic goes forward with the coupon? For full marks your answer(s) should be rounded to the nearest cent. Profit/loss = $ 0.00
The answer to the question is if Classic goes forward with the coupon, their profit or loss per unit would be a loss of $0.64 per bag.
We need to calculate the profit or loss per unit for Classic Potato Chips if they go forward with the coupon.
1. Calculate the total cost per bag without the coupon:
Cost of production: $0.60
Expenses per bag: $0.21
Total cost per bag = $0.60 + $0.21 = $0.81
2. Calculate the revenue per bag without the coupon:
Revenue per bag = Selling price to retailers = $1.50
3. Calculate the total cost per bag with the coupon:
Cost of production: $0.60
Expenses per bag: $0.21
Coupon amount: $0.60
Retailer handling expenses: $0.13
Total cost per bag = $0.60 + $0.21 + $0.60 + $0.13 = $1.54
4. Calculate the revenue per bag with the coupon:
Revenue per bag = Selling price to retailers - Coupon amount = $1.50 - $0.60 = $0.90
5. Calculate the profit or loss per unit with the coupon:
Profit/loss per unit = Revenue per bag with the coupon - Total cost per bag with the coupon
Profit/loss per unit = $0.90 - $1.54 = -$0.64
So, if Classic goes forward with the coupon, their profit or loss per unit would be a loss of $0.64 per bag.
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what exclusive organization's membership is invited to become members based on excellence in craftsmanship and other requirements such as number of ateliers (workrooms)?
The exclusive organization's membership that is invited to become members based on excellence in craftsmanship and other requirements such as the number of ateliers (workrooms) is the Meilleurs Ouvriers de France (Best Craftsmen of France).
This organization was founded in 1924 and recognizes exceptional skills and expertise in various crafts, such as cooking, pastry-making, carpentry, jewelry-making, and more. The membership is limited to those who have won the prestigious competition "Un des Meilleurs Ouvriers de France" (One of the Best Craftsmen of France), which is held every four years and requires the contestants to undergo a rigorous selection process and demonstrate their mastery of their craft.
The organization aims to promote and preserve the French tradition of excellence in craftsmanship and to support the development of young craftsmen.
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salvia company recently purchased a truck. the price negotiated with the dealer was $47,000. salvia also paid sales tax of $3,400 on the purchase, shipping and preparation costs of $4,400, and insurance for the first year of operation of $5,400. at what amount should the truck be recorded on the balance sheet prior to recording depreciation expense?
2. Given the following information, calculate the value of a call option and a put option using the 1 period binomial option pricing model. 50 1.15 So = U = D = K= T = ? 60 1 Year 1 period per year 0.04 n = r=
In the one period binomial option pricing model, we can calculate the value of a call and put option as follows: the value of the call option is 0 and the value of the put option is 15.04.
Calculate the risk-neutral probability:
p = (1 + r - D) / (U - D)
where r is the risk-free rate.
Calculate the stock prices at the end of the period:
Su = So * U
Sd = So * D
Calculate the call and put option payoffs at the end of the period:
Call payoff = max(Su - K, 0)
Put payoff = max(K - Sd, 0)
Calculate the expected option payoffs at the current time:
Call value = (p * Call payoff + (1 - p) * Call payoff) / (1 + r)
Put value = (p * Put payoff + (1 - p) * Put payoff) / (1 + r)
Using the given information:
So = 50
U = 1.15
D = 1 / U = 0.8696
K = 60
T = 1 year
n = 1 period
r = 0.04
p = (1 + r - D) / (U - D) = (1 + 0.04 - 0.8696) / (1.15 - 0.8696) = 0.5407
Su = So * U = 50 * 1.15 = 57.50
Sd = So * D = 50 * 0.8696 = 43.48
Call payoff = max(Su - K, 0) = max(57.50 - 60, 0) = 0
Put payoff = max(K - Sd, 0) = max(60 - 43.48, 0) = 16.52
Call value = (p * Call payoff + (1 - p) * Call payoff) / (1 + r) = (0.5407 * 0 + 0.4593 * 0) / (1 + 0.04) = 0
Put value = (p * Put payoff + (1 - p) * Put payoff) / (1 + r) = (0.5407 * 16.52 + 0.4593 * 16.52) / (1 + 0.04) = 15.04
Therefore, the value of the call option is 0 and the value of the put option is 15.04.
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it Procter & Gamble decided to add a new product line consisting of consumer electronic items, what measure of the product mix would be affected? a. Quality b. Width O Depth d. Reliability e. Consistency
If Procter & Gamble decided to add a new product line consisting of consumer electronic items, the measure of the product mix that would be affected is Width. The correct option is B.
Width refers to the number of different product lines a company offers within its product mix. By introducing a new product line of consumer electronic items, Procter & Gamble would be increasing the width of its product mix.
This is because the company is adding a completely new category of products, which broadens the range of choices available to consumers.
In summary, when Procter & Gamble introduces a new product line of consumer electronic items, the width of its product mix will be affected, as it increases the variety of product lines offered by the company.
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Complete question:
it Procter & Gamble decided to add a new product line consisting of consumer electronic items, what measure of the product mix would be affected?
a. Quality
b. Width
c. Depth
d. Reliability
e. Consistency
A stock recently paid a $5/share dividend and they currently have a constant growth policy with g=10%/year. They will maintain this policy for the next 3 years. The growth rate will fall down to 3%/year after year 3 into perpetuity (i.e., from year 3 to year 4, the growth rate is 3%). R = 15%. Calculate the stock price. A stock will pay the following dividends over the next 5 years: $4 in year 1, $4.5 in year 2, $5 in year 3, $5.5 in year 4, and $6 in year 5. Afterwards, they will maintain a zero growth dividend policy. R=15%. Calculate the stock price.
For the first scenario, the stock price is $93.86.
For the second scenario, the stock price is $50.37.
For the first scenario,
To calculate the stock price in the first scenario, we use the formula:
[tex]P0 = (D1 / (r - g)) + (D2 / (1+r)^2) + (D3 / (1+r)^3) + (P3 / (r - g))[/tex]
where D1, D2, and D3 are the dividends in years 1, 2, and 3 respectively, r is the required rate of return, g is the growth rate, and P3 is the expected stock price in year 3.
Plugging in the given values, we get:
[tex]P0 = ($5.50 / (0.15 - 0.10)) + ($6.05 / (1.15)^2) + ($6.66 / (1.15)^3) + ($182.78 / (0.15 - 0.03)) = $93.86.[/tex]
For the second scenario,
To calculate the stock price in the second scenario, we use the formula:
[tex]P0 = (D1 / (1+r)) + (D2 / (1+r)^2) + (D3 / (1+r)^3) + (D4 / (r - g)) + (D5 / (r - g)) / (1+r)^5[/tex]
where D1 to D5 are the dividends in years 1 to 5 respectively, r is the required rate of return, and g is the growth rate.
Plugging in the given values, we get:
[tex]P0 = ($4 / 1.15) + ($4.5 / (1.15)^2) + ($5 / (1.15)^3) + ($5.5 / (0.15 - 0.03)) + ($6 / (0.15 - 0.03)) / (1.15)^5 = $50.37[/tex]
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Caspian Sea Drinks needs to raise $95.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.98 next year, which will grow at 3.27% forever and the cost of equity to be 13.35%, then how many shares of stock must CSD sell?
CSD needs to sell around 2.95 million shares of stock to raise the required $95.00 million.
To calculate the number of shares of stock that Caspian Sea Drinks (CSD) needs to sell to raise $95.00 million, we need to use the dividend discount model.
Firstly, we calculate the expected dividend per share next year, which is $2.98. Then, we use the constant growth rate of 3.27% and the cost of equity of 13.35% to calculate the current price of CSD's stock, which is $32.27.
Next, we divide the total amount needed to be raised ($95.00 million) by the current price per share ($32.27), which equals approximately 2.95 million shares. Therefore, CSD needs to sell around 2.95 million shares of stock to raise the required $95.00 million.
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the key proposition of new growth theory that makes growth persist is that ______ is not subject to diminishing returns.
The key proposition of new growth theory that makes growth persist is that Knowledge and innovation is not subject to diminishing returns.
The key proposition of new growth theory that makes growth persist is that knowledge and innovation are not subject to diminishing returns. Unlike traditional factors of production such as capital and labor, the more knowledge and innovation are applied, the greater the potential for growth and productivity. This is because knowledge and innovation can be shared and replicated infinitely without losing their value, leading to an endless cycle of growth and development.
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the key proposition of the new growth theory that makes growth persist is that technological innovation is not subject to diminishing returns.
The theory suggests that as more knowledge and innovation are created, there are increasing returns to scale, meaning that each additional unit of input leads to a larger increase in output.
This is in contrast to traditional neoclassical growth theory, which assumes that all factors of production are subject to diminishing returns, and therefore, growth will eventually slow down.
What are diminishing returns?The law of diminishing returns is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.
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. what is the present (year 0) value of the cash flow stream if the opportunity cost rate is 10 percent?
To calculate the present value of a cash flow stream, you need to discount each cash flow by the opportunity cost rate. The present value is the sum of all discounted cash flows.
For example, if the cash flow stream is $100 for each of the next five years, the calculation would be:
Year 1: $100 / (1 + 0.1)^1 = $90.91
Year 2: $100 / (1 + 0.1)^2 = $82.64
Year 3: $100 / (1 + 0.1)^3 = $75.13
Year 4: $100 / (1 + 0.1)^4 = $68.30
Year 5: $100 / (1 + 0.1)^5 = $62.09
Present value = $90.91 + $82.64 + $75.13 + $68.30 + $62.09 = $379.07
Therefore, the present (year 0) value of the cash flow stream is $379.07 if the opportunity cost rate is 10 percent. The opportunity cost rate represents the return that could be earned on an alternative investment with similar risk, so it is used as a benchmark to determine whether the cash flow stream is worth investing in.
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Eight years ago Zack& Co. had purchased an equipment fo: $1,200,000. This equipment was being depreciated on a straight line basis over a 12 year period to a 300,000 salvage value. The equipment has six more years of economic life. During this period the annual revenues and operating costs assocaited with this machine are expected to be $388,000 and $87,500, respectively. Zack is now considering replacing this machine with a more modern one. The old equipment can now be sold for $180,000. Investment in net working capital is expected to increase by $132,000 as a result of the investment. The new machine will cost $1,500,000 and another $120,000 will be needed to modify it. This machine falls into the ACRS 5-year class life. It. is also expected to have an economic life of SiX years. The annual revenue and operating costs from the new machine are expected to be $750,000 and $58,000, respectively. At the sixth year Zack expects to sell the nes machine for $180,000. Zack's marginal tax rate is 34%. The equipment will be equity financed. (14 pts.) 1 Please calculate Zack's Net Investment and the Net Cash flows for the next six years if the replacement decision is made.
The net investment for the replacement decision is $1,512,000 and the net cash flows for the next six years are -$186,600, $322,800, $436,000, $386,000, $347,800, and $293,400 respectively.
To calculate the net cash flows for the next six years, we need to calculate the annual depreciation expense for the new machine using the ACRS depreciation method, which is $240,000 for the first year and $360,000 for the second year.
We also need to calculate the tax savings from the depreciation expense, which is $81,600 for the first year and $122,400 for the second year. Then, we can calculate the net operating cash flows for each year by subtracting the operating costs and taxes from the revenues.
Finally, we can calculate the net cash flows for each year by subtracting the net operating cash flows, the investment in net working capital, and the annual loan payments from the tax savings. At the end of the sixth year, we add the salvage value of the new machine and the salvage value of the old machine to get the total net cash flow.
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The market risk premium for next period is 7.00% and the risk-free rate is 3.00%. Stock Z has a beta of 1.33 and an expected retum of 11.00%. What is the a) Market's reward-to-risk ratio? (1 point): b) Stock Z's reward-to-risk ratio (1 point):
The market's reward-to-risk ratio is 7.00%, and Stock Z's reward-to-risk ratio is approximately 6.02%.
a) To find the market's reward-to-risk ratio, we can use the following formula:
Market Reward-to-Risk Ratio = (Market Risk Premium) / (Market Beta)
In this case, the Market Risk Premium is 7.00%, and the Market Beta is 1 (since it represents the market as a whole). So,
Market Reward-to-Risk Ratio = 7.00% / 1 = 7.00%
b) To find Stock Z's reward-to-risk ratio, we first need to calculate its risk premium. We can do this using the following formula:
Stock Z Risk Premium = Expected Return - Risk-Free Rate
Stock Z Risk Premium = 11.00% - 3.00% = 8.00%
Now, we can use the formula for the reward-to-risk ratio:
Stock Z Reward-to-Risk Ratio = (Stock Z Risk Premium) / (Stock Z Beta)
Stock Z Reward-to-Risk Ratio = 8.00% / 1.33 ≈ 6.02%
So, the market's reward-to-risk ratio is 7.00%, and Stock Z's reward-to-risk ratio is approximately 6.02%.
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Consider the following example: Assume that Hilary Taylor from New Orleans, Louisiana borrows $2,500 for four years at 7% add-on interest to be repaid in 48 monthly installments.
In the given example, Hilary Taylor from New Orleans, Louisiana has borrowed $2,500 for four years at 7% add-on interest. This means that the interest is added to the principal amount and the borrower pays interest on the entire loan amount.
The loan is to be repaid in 48 monthly installments. It is important to note that the add-on interest rate is higher than the simple interest rate, which is calculated on the remaining principal amount. Therefore, Hilary will pay more interest over the life of the loan than if she had taken a loan with a simple interest rate.
happy to help you with your question. In this example, Hilary Taylor from New Orleans, Louisiana borrows $2,500 for four years with a 7% add-on interest. To calculate the total interest, multiply the loan amount by the interest rate and the loan term: $2,500 x 0.07 x 4 = $700. The total amount to be repaid is the sum of the borrowed amount and the interest: $2,500 + $700 = $3,200. Hilary will repay the loan in 48 monthly installments, so to find the monthly payment, divide the total amount by the number of installments: $3,200 / 48 ≈ $66.67.
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Hilary will have to make monthly payments of $66.67 for the next four years to repay the loan.
In the given example, Hilary Taylor from New Orleans, Louisiana has borrowed $2,500 for four years at 7% add-on interest.
The interest rate of 7% add-on means that the interest will be calculated on the original amount borrowed, and not on the outstanding balance after each payment. The loan is to be repaid in 48 monthly installments, which means that Hilary will have to make 48 equal payments over the course of four years.
To calculate the monthly payment, we first need to calculate the total amount of interest that will be charged over the four-year period. The add-on interest rate of 7% means that the total interest charged will be 7% of the original loan amount, multiplied by the number of years, which is four. Therefore, the total interest charged will be:
$2,500 x 7% x 4 = $700
The total amount that Hilary will have to repay will be the original loan amount plus the total interest charged, which is:
$2,500 + $700 = $3,200
To calculate the monthly payment, we divide the total amount to be repaid by the number of monthly payments:
$3,200 / 48 = $66.67
Therefore, Hilary will have to make monthly payments of $66.67 for the next four years to repay the loan. It is important to note that while the monthly payments may seem manageable, the add-on interest rate of 7% means that Hilary will end up paying significantly more in interest over the course of the loan. It is always important to carefully consider the interest rate and repayment terms of any loan before borrowing.
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miguel is working with a client who is very verbal. what might he try to control the client’s verbal output?
Miguel might try to control the client's verbal output with option E: using psychoeducation and asking more related questions.
Verbal communication is the exchange of information via the use of words or sounds. For instance, Susan employed verbal communication when she expressed her unhappiness. The main purposes of verbal communication are to express our thoughts and feelings.
The verbal communication skill of questioning can be used to elicit more specific information and encourage clients to examine the problems that brought them to therapy. Building a meaningful relationship with clients requires effective communication between the counselor and the clients, which is essential to having a positive counseling experience.
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Complete question:
Miguel is working with a client who is very verbal. What might he try to control the client's verbal output?
a. Use psychoeducation
b. Directly tell the client to be quiet
c. Progressively ask more closed questions
d. All of the above
e. Only a and c
Miguel might try to use reflective listening to control the client's verbal output.
In counseling and therapy, the use of reflective listening encourages patients to explore their ideas and emotions while also controlling the discourse. Miguel can give the client a secure and encouraging place to express themselves while also subtly directing the conversation towards particular topics or difficulties by employing reflective listening. Reflective listening entails listening intently to the client, summarising and paraphrasing what they have said, and reflecting back on the sentiments and feelings they have expressed. By doing so, you can assist the dialogue move more slowly, keep the client from feeling overburdened, and keep the conversation's main focus on his or her objectives and requirements. Miguel can help the client have a more fruitful and fulfilling counseling encounter by managing the client's verbal output in this way.
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Jennifer buys a typewriter for $590. She puts 20% down and will pay $70 a month for the next 10 months. What's the total amount of monthly payments?
$700 ---- correct answer
$750
$850
$1,000
The total amount of monthly payments for Jennifer who buys a typewriter is $850.
What are payments?Payments refer to the transfer of money from one party to another in exchange for goods, services, or debts. They can be made using a variety of methods, including cash, checks, credit and debit cards, electronic funds transfer (EFT), mobile payments, and cryptocurrencies. Payments are an essential aspect of commerce and are used in both personal and business transactions. They enable individuals and companies to purchase goods and services, pay bills, and transfer money to others. With the increasing use of technology, payments have become more convenient and accessible, allowing people to make transactions from anywhere and at any time. The security and reliability of payment methods are crucial, and various measures are taken to protect against fraud and ensure the safety of transactions.
Jennifer puts 20% down on the typewriter= 0.2 * $590 = $118
Amount that Jennifer needs to finance= $590 - $118 = $472
Total amount of her monthly payments= $70 * 10 = $700
The total amount of Jennifer's payments, including her down payment=
$118 + $700 = $818
So, the closest answer is $850.
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greg is paid for the number of hours he works or for the number of units he produces, whichever is higher. which form of compensation does greg receive?
Greg receives a form of compensation that is commonly referred to asvariable pay or performance-based pay.
Under this form of compensation, Greg's pay is based on either the number of hours he works or the number of units he produces, whichever is higher. This means that if Greg produces more units than the number of hours he works, he will receive pay based on the number of units he produces. On the other hand, if he works more hours than the number of units he produces, he will receive pay based on the number of hours he works.
Variable pay is often used in industries where productivity is critical, such as manufacturing, construction, and sales. This form of compensation is designed to motivate employees to work more efficiently and to increase their productivity by rewarding them for their performance.
Overall, the use of variable pay can help organizations to align employee performance with business goals and objectives, which can ultimately lead to increased profitability and success.
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Cost of exhibition catalogues. A catalogue for each exhibitionwill cost £5,000 to produce. The catalogue for the first exhibitionwill have been paid for in December out of Caroline’s remaining£10,000. The catalogues for the second and third exhibitions will also be paid for one month in advance.Gallery premises costs. Business rates are to be paid monthly; the cost is £750 per month. Electricity costs will average out at £60 per month and Caroline expects to receive a bill for the first three months' electricity in March, and to pay it in April.Wages. Caroline will pay a part time assistant £550 per month.Other expenses. Caroline estimates that a total of £1,000 in other expenses will be paid each month.Drawings. She plans to draw £700 per month in cash.Private view expenses. In each of the three months Caroline will have to spend an estimated £450 on buying in wine and other refreshments for the private view. This figure also includes the cost of hourly-paid waiting staff to take drinks round to guests.Advertising. The initial round of press adverts will appear in December, and the £3,000 cost will be paid for out of Caroline’s remaining £10,000. Each month £400 will be paid for brochures and postage costs to send out to people on the gallery’s mailing list.The bank balance at 1 January 20X4 will be £2,000 after advertising and catalogue costs have been paid for. The advertising and catalogue costs form part of Caroline’s start-up capital.The gallery premises are to be depreciated over 25 years on the straight-line basis, with an assumption of nil residual value.Prepare for Caroline:a budget cash flow statement for the three months of January, February and March 20X4a budget statement of profit or loss for the three months ending 31 March 20X4a budget statement of financial position at 31 March 20X4 and:briefly discuss whether or not you think Caroline’s business is going to be successful, identifying any areas where cash flow might be a problem
Budget cash flow statement:
January:
Inflow: None
Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400), Catalogue for second exhibition (£5,000)
Total outflow: £8,910
Net cash flow: -£8,910
February:
Inflow: None
Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400), Catalogue for third exhibition (£5,000)
Total outflow: £8,910
Net cash flow: -£8,910
March:
Inflow: None
Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400)
Total outflow: £3,910
Net cash flow: -£3,910
Budget statement of profit or loss:
Total revenue: None
Total expenses: Catalogues (£15,000), Business rates (£2,250), Electricity (£180), Wages (£1,650), Other expenses (£3,000), Private view expenses (£1,350), Advertising (£3,000), Brochures and postage (£1,200)
Net loss: £27,630
Budget statement of financial position at 31 March 20X4:
Assets: None
Liabilities: None
Equity: Start-up capital (£20,000), Net loss (£27,630)
Total equity: -£7,630 (Negative)
Caroline’s business appears to be facing cash flow problems. Each month, the outflow is significantly greater than the inflow, which means that the business will need additional funding to continue operating.
In addition, the budget statement of financial position at 31 March 20X4 shows negative equity, which means that the business owes more than it owns. Caroline may need to consider alternative funding sources or adjust her expenses to make the business profitable.
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10. Consider a Trading desk is trying to hedge their risk by delta hedging and other similar methods. Assume you have a portfolio of one security and have two different options on that security in your trading book. The Delta Gamma and Vega of option 1 and 2 and that of the portfolio is given below: (18 points)
To effectively hedge their risk, the Trading desk can use delta hedging and other similar methods. When considering a portfolio with one security and two different options on that security, the Delta, Gamma, and Vega of each option as well as the portfolio as a whole must be taken into account.
Delta represents the change in the price of the option in response to a change in the underlying security's price. Gamma measures the change in delta for every change in the underlying security's price. Vega represents the change in the price of the option in response to a change in volatility.
With this information, the Trading desk can use delta hedging to adjust their positions in the options and underlying security in order to maintain a neutral or desired level of exposure. They may also use other methods such as gamma hedging or vega hedging to further manage their risk.
Overall, having a clear understanding of the Delta, Gamma, and Vega of each option and the portfolio as a whole is crucial for effective risk management and hedging strategies in the Trading desk.
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implementation of an enterprise resource planning (erp) system provides an organization with an opportunity to also upgrade the information technology that it uses. (True or False)
True : Implementation of an enterprise resource planning (erp) system provides an organization with an opportunity to also upgrade the information technology that it uses.
What can an organization accomplish with enterprise resource planning (ERP)?The term "enterprise resource planning" (ERP) refers to a class of software that businesses use to oversee routine operations including accounting, purchasing, project management, risk management, and compliance.
The ERP system gathers, organizes, and saves information that management and outside parties need to evaluate the business. A centralized database is used by ERP systems to coordinate activities and exchange information amongst company processes.
Another frequent element of ERP systems is a tool for customer relationship management (CRM). This module keeps track of sales leads and customer data to deliver valuable information that your sales and marketing teams may utilize to boost revenue development.
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in october 1979, the federal reserve changed its policy of using finely tuned interest rate adjustments and instead began targeting the money supply. using the data in intdef, define a dummy variable equal to 1 for years after 1979. include this dummy in equation (10.15) to see if there is a shift in the interest rate equation after 1979. what do you conclude?
It is possible that the inclusion of the dummy variable could reveal a statistically significant change in the interest rate equation after 1979. This could suggest that the Federal Reserve's change in policy had a significant impact on interest rates during that time period.
Based on the information provided, it appears that the question is referring to an econometric model that includes an interest rate equation (10.15) and a variable for the year 1979. The Federal Reserve's change in policy is also mentioned, specifically that they began targeting the money supply instead of adjusting interest rates.
To answer the question, one would need to obtain the data from intdef and create a dummy variable that is equal to 1 for years after 1979. This variable would then be included in equation (10.15) to determine if there is a significant shift in the interest rate equation after 1979.
Without access to the data or the specific equation being referenced, it is difficult to provide a definitive answer. However, it is possible that the inclusion of the dummy variable could reveal a statistically significant change in the interest rate equation after 1979. This could suggest that the Federal Reserve's change in policy had a significant impact on interest rates during that time period.
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six months ago, you purchased 2,000 shares of abc stock for $25.83 a share. you have received dividend payments equal to $.50 a share. today, you sold all of your shares for $27.82 a share. what is your total dollar return on this investment?
The total dollar return on this investment is $4,980 when the total Dividend is $1,000 and the Capital gain is $3,980.
To calculate the total dollar return on the investment, we need to calculate the capital gain and total dividend
Total dollar return = capital gain + Total Dividend
Given data:
number of shares = 2,000
purchase price per share = $25.83
selling price per share = $27.82
dividend payments per share = $.50
substuting the given data we get:
The Capital gain = (selling price - purchase price) x number of shares
($27.82 - $25.83) x 2,000
= $3,980
The total Dividend = dividend per share x number of shares
= $0.50 x 2,000 = $1,000
Total dollar return = capital gain + dividend income
= $3,980 + $1,000
= $4,980
Therefore, the total dollar return on this investment is $4,980.
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(Complex present value) You would like to have $38,000 in 11 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 7 percent on this deposit.) c. At the end of 6 years you will receive $12,000 and deposit this in the bank toward your goal of $38,000 at the end of 11 years. In addition to this deposit, how much must you deposit in equal annual deposits to reach your goal? (Again assume you can earn 7 percent on this deposit.)
A. $2,521 deposit annually to accumulate this amount.
B. $25,561 is lump-sum deposit.
C. $3,179 deposit in equal annual deposits to reach your goal.
a. To accumulate the desired amount of $38,000 in 11 years, you must deposit an equal sum annually that earns 7 percent interest compounded annually. Using the present value formula, the annual deposit necessary to reach the desired amount is $2,521.
b. If you decide to make a large lump-sum deposit instead of making the annual deposits, the size of the lump-sum deposit necessary to reach the desired amount of $38,000 in 11 years is $25,561. This is calculated by using the future value formula.
c. In addition to the deposit of $12,000 at the end of 6 years, you must also deposit an equal sum annually that earns 7 percent interest compounded annually for the remaining 5 years. Using the present value formula, the annual deposit necessary to reach the desired amount is $3,179.
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Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $ 1000, and a coupon rate of 7.4 % (annual payments). The yield to maturity on this bond when it was issued was 5.8%. What was the price of this bond when it was issued?
When the bond was issued, the investor received a return of 5.8% before any interest payments were received.
When the General Motors Acceptance Corporation issued the bond, the price of the bond was determined by its yield to maturity. The yield to maturity is the rate of return an investor receives if they hold the bond to maturity.
Therefore, when the bond was issued with a face value of $1,000, a coupon rate of 7.4%, and a yield to maturity of 5.8%, the price of the bond was the present value of the future cash flows discounted at the yield to maturity.
In this case, the present value of the cash flows was calculated by discounting each of the 10 annual payments at the yield to maturity. This means that each payment of $74 was discounted by 5.8% for a total of 10 payments. After all 10 payments were discounted, the present value of the bond was $850.92. Therefore, the bond was issued at a price of $850.92.
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Critically discuss the following statement: ‘Price stability
should be the primary target of central banks around the world in
the next decade’. 2500 word essay.
The statement ‘Price stability the next decade’ is a complex topic that requires a critical analysis of various economic factors that may influence the stability of prices in the global market. Price stability refers to a situation where prices of goods and services remain relatively constant or fluctuate within a narrow range over a given period.
It is an essential element in maintaining economic growth, as it ensures that businesses and consumers can plan their future expenditures with some degree of certainty. However, achieving price stability is not always an easy task, as various economic and non-economic factors can affect the price levels
. Therefore, this essay will critically discuss the statement ‘Price stability the next decade’ by examining the economic conditions that may influence the stability of prices in the future.
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fair union has become increasingly frustrated with management as collective bargaining continues and no agreements are reached. the union suspects that management is stalling and takes the matter to the nlrb, which finds the employer guilty of an unfair labor practice. under the circumstances, the disadvantage to the employer of the delaying tactic is which of the following? group of answer choices it was found to be acting in bad faith. it was ordered to cease and desist from the conduct. it must return to the bargaining table. there is no disadvantage to delaying.
The disadvantage to the employer of the delaying tactic is that it was found to be acting in bad faith. Option A is correct.
Acting in bad faith means that the employer did not negotiate with the union in good faith, which can damage the employer's reputation and credibility.
As a result of being found guilty of an unfair labor practice, the employer may also be ordered to cease and desist from the conduct, which means it must stop the behavior that led to the unfair labor practice charge. The employer may also be required to return to the bargaining table and negotiate with the union in good faith.
Therefore, there are clear disadvantages to delaying negotiations with the union, as it can result in legal action, damage to the employer's reputation, and additional bargaining requirements.
Therefore, option A is correct.
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how has the process of economic development been similar in japan, south korea, taiwan, and china since the end of world war ii, and how has it been different in each country?
Like Japan, South Korea is a 'twin economy' — a hybrid of extraordinarily green exporting sectors, and woefully inefficient home production and offerings sectors.
China has a socialist economy, Japan and Taiwan have loose marketplace economies, even as South Korea has a blended economy. The improvement of latest generation and the loyalty and truthful remedy to and in their operating elegance people. Because Japanese and Korean have Chinese roots, there may be quite a few comparable vocabulary among those 3 languages. Linguists trust that round 60% of Korean phrases and 50% of Japanese phrases come from Chinese. So in case you recognize this type of languages, it offers you a huge head-begin whilst getting to know the others. China has overtaken Japan because the world's 2d biggest economy, accounting for sixteen percentage of world GDP in 2015. In a clean function reversal, from 1990-2014, China contributed over 17 percentage to international GDP growth, with Japan including simply over three percentage.
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when determining the communication needs of a sports brand, managers should primarily evaluate the state of customer relationships in terms of
Managers must take into account the current condition of consumer interactions in terms of a number of aspects when assessing the communication demands of a sports brand.
Customer satisfaction should be the first element managers assess. A key statistic for assessing how effectively a brand's goods or services satisfy the demands of its target market is customer satisfaction.
Brand loyalty is another aspect that managers should assess. Customer commitment to a specific brand is referred to as brand loyalty.
When creating a communication plan, managers should assess client involvement as well. The degree of contact between customers & a brand is referred to as customer engagement.
Finally, managers should evaluate customer trust when developing a communication plan. Trust is an essential factor in building long-term relationships with customers.
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Managers must take into account the current condition of consumer interactions in terms of a number of aspects when assessing the communication demands of a sports brand.
Customer satisfaction should be the first element managers assess. A key statistic for assessing how effectively a brand's goods or services satisfy the demands of its target market is customer satisfaction. Brand loyalty is another aspect that managers should assess. Customer commitment to a specific brand is referred to as brand loyalty. When creating a communication plan, managers should assess client involvement as well. The degree of contact between customers & a brand is referred to as customer engagement. Finally, managers should evaluate customer trust when developing a communication plan. Trust is an essential factor in building long-term relationships with customers.
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for the payroll period ended on may 7, 2022, gross pay was $102,000, net pay was $78,000, and various withholdings totaled $24,000. the journal entry to show the effects of the payroll accrual on may 7, 2022 is:
The journal entry on May 7, 2022, would look like this:
Salary Expense - Debit $102,000 Withholdings - Credit $24,000 Cash - Credit $78,000How journal entry show the effects of the payroll accrualFor the payroll period ended on May 7, 2022, the journal entry to show the effects of the payroll accrual can be explained as follows:
The gross pay represents the total earnings of employees before any deductions, which is $102,000.
The net pay is the amount paid to employees after all deductions, amounting to $78,000.
Various withholdings, such as taxes and other deductions, total $24,000.
To record the payroll accrual in the journal entry, the following accounts will be affected:
1. Debit Salary Expense for the gross pay ($102,000).
2. Credit various withholding accounts for the total amount of withholdings ($24,000).
3. Credit Cash for the net pay ($78,000).
The journal entry on May 7, 2022, would look like this:
Salary Expense - Debit $102,000 Withholdings - Credit $24,000 Cash - Credit $78,000This entry accurately reflects the payroll accrual's effects by recording the expense, withholdings, and cash paid to employees during the payroll period.
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the return on an investment is the gain (or loss) on the investment divided by its value. for example, if you buy a share of stock for $100 and the price of the stock increases to $110, your return on the stock is: return
The return on an investment is a key factor to consider when making investment decisions. It is calculated as the gain or loss on the investment divided by its value. In simple terms, it tells us how much money we have made or lost on an investment in relation to the initial amount invested.
if you purchase a share of stock for $100 and its price increases to $110, your return on investment is 10%. Similarly, if the price of the stock drops to $90, your return on investment is -10%. The higher the return on an investment, the better it is for the investor.
Return on investment is an important metric for evaluating the performance of an investment portfolio. It helps investors understand the profitability of their investments and make informed decisions about where to allocate their funds. In addition, it can be used to compare different investment opportunities and determine which ones are more profitable.
Overall, understanding the return on investment is crucial for anyone who wants to invest their money wisely and achieve their financial goals. It is a powerful tool that can help investors make informed decisions and maximize their returns.
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