The allocation of overhead costs using three cost drivers results in a significant increase in overhead assigned to the home console product. Allocating overhead based on direct labor costs shows a smaller difference in overhead assigned between products.
a. To allocate overhead using the three cost drivers, we first need to calculate the predetermined overhead rate for each driver.
For production runs:
Predetermined overhead rate = Cost driver / Total activity level = $660,000 / 50 = $13,200 per production run
For quality tests performed:
Predetermined overhead rate = Cost driver / Total activity level = $594,000 / 30 = $19,800 per quality test performed
For shipping orders processed:
Predetermined overhead rate = Cost driver / Total activity level = $186,000 / 150 = $1,240 per shipping order processed
Next, we can allocate the overhead costs to each product based on their actual use of the cost drivers.
Handheld console:
Number of production runs = 40
Quality tests performed = 12
Shipping orders processed = 100
Total overhead cost = ($13,200 x 40) + ($19,800 x 12) + ($1,240 x 100) = $924,800
Overhead cost per unit = $924,800 / 28,000 = $33.03
Total cost per unit = Direct labor cost per unit + Direct materials cost per unit + Overhead cost per unit
Total cost per unit for handheld console = $41.44 + $26.79 + $33.03 = $101.26
Home console:
Number of production runs = 10
Quality tests performed = 18
Shipping orders processed = 50
Total overhead cost = ($13,200 x 10) + ($19,800 x 18) + ($1,240 x 50) = $469,600
Overhead cost per unit = $469,600 / 10,000 = $46.96
Total cost per unit = Direct labor cost per unit + Direct materials cost per unit + Overhead cost per unit
Total cost per unit for home console = $43.96 + $68.40 + $46.96 = $159.32
b. If direct labor cost is used to allocate overhead, we can calculate the predetermined overhead rate as follows:
Predetermined overhead rate = Total overhead cost / Total direct labor cost
Predetermined overhead rate = $1,440,000 / $1,600,000 = $0.90 per direct labor dollar
Next, we can allocate the overhead costs to each product based on their direct labor costs.
Handheld console:
Direct labor cost = $1,160,400
Overhead cost = $1,160,400 x $0.90 = $1,044,360
Overhead cost per unit = $1,044,360 / 28,000 = $37.30
Total cost per unit = Direct labor cost per unit + Direct materials cost per unit + Overhead cost per unit
Total cost per unit for handheld console = $41.44 + $26.79 + $37.30 = $105.53
Home console:
Direct labor cost = $439,600
Overhead cost = $439,600 x $0.90 = $395,640
Overhead cost per unit = $395,640 / 10,000 = $39.56
Total cost per unit = Direct labor cost per unit + Direct materials cost per unit + Overhead cost per unit
Total cost per unit for home console = $43.96 + $68.40 + $39.56 = $152.92
Therefore, using the cost drivers to allocate overhead results in a lower total cost per unit for both products and allocating overhead based on direct labor cost results in a lower total cost per unit for the home console.
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A particular stock pays an annual dividend of $2 per share and the annual dividend yield is 2.5 percent. The price of a share of this stock isa. $2.05.b.$5.00.c. $80.00d. $50.00.
In this case, the annual dividend per share is $2, and the annual dividend yield is 2.5 percent, or 0.025 as a decimal. Price per share = $2 / 0.025 = $80Therefore, the price of a share of this stock is $80, which corresponds to option c. $80.00.
The dividend yield is a financial ratio that measures the annual dividend payments of a company relative to its stock price. It is often used by investors as an indicator of the income generated by an investment in a particular stock. In this case, we are given that the annual dividend is $2 per share. This means that the company pays $2 to its shareholders for every share of stock they own each year. The annual dividend yield is given as 2.5%, or 0.025 as a decimal. This means that the company's annual dividend payments represent 2.5% of the stock's current market value. Using the formula for the dividend yield, we can solve for the stock price. The formula tells us that the stock price is equal to the annual dividend divided by the dividend yield. In this case, the stock price is $2 divided by 0.025, which equals $80.
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The annual dividend yield is the ratio of the annual dividend payment to the price of the stock, expressed as a percentage.
In this case, we know that the annual dividend payment is $2 per share, and the annual dividend yield is 2.5 percent. We can use this information to calculate the price of a share of the stock as follows:
Annual dividend yield = Annual dividend payment / Stock price x 100%
2.5% = $2 / Stock price x 100%
Solving for the stock price, we get:
Stock price = $2 / 2.5% x 100%
Stock price = $2 / 0.025
Stock price = $80
Therefore, the price of a share of this stock is $80, so the correct answer is option c.
or
To find the price of a share of this stock, we can use the formula:
Price of share = (Annual Dividend) / (Annual Dividend Yield)
Here, the annual dividend is $2, and the annual dividend yield is 2.5 percent or 0.025 as a decimal. Plugging these values into the formula, we get:
Price of share = $2 / 0.025 = $80
Therefore, the price of a share of this stock is $80, which corresponds to option c. $80.00.
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Companies are forbidden to make any distribution of dividends
except out of profit legally available for this purpose.
Describe this. Word limit 1000 words.
A relation is in third normal form if it is in second normal form and there are no functional dependencies between two for more) non primary key attributes. Select one a. FALSE b. TRUE
Answer: b. TRUE. A relation is said to be in third normal form when it is in second normal form and there are no transitive dependencies between two or more non-primary key attributes.
Transitive dependencies are those where one non-primary key attribute determines another non-primary key attribute, which in turn determines another non-primary key attribute. This means that the non-primary key attributes are not functionally dependent on the primary key.
That is, any non-primary key attribute should not be able to be determined by any other non-primary key attribute. Third normal form helps to reduce data redundancy and improve data integrity. It ensures that data is stored in the most efficient and effective way.
It also ensures the data is stored in a way that allows for the most efficient retrieval of data. In summary, third normal form is essential for ensuring data accuracy and avoiding data redundancy.
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a 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. you believe that in one year, the yield to maturity will be 6.25 percent. what is the change in price the bond will experience in dollars? (assume semiannual interest payments and $1,000 par value.)
To calculate the change in price, we need to find the current price of the bond and the price after one year when the yield to maturity is 6.25%. the bond will experience a change in price of $4.71
First, we need to calculate the current price of the bond using the given information:
Coupon rate = 6%
Yield to maturity = 6.5%
Years to maturity = 12
Par value = $1,000
Semiannual interest payments
We can use the following formula to calculate the current price of the bond:
Price = (C / 2) * [1 - (1 + r/2)^(-2t)] / (r/2) + (F / (1 + r/2)^2t)
Where:
C = coupon payment
r = yield to maturity
t = years to maturity
F = par value
Plugging in the given values, we get:
Price = (30 / 2) * [1 - (1 + 0.065/2)^(-212)] / (0.065/2) + (1000 / (1 + 0.065/2)^212)
Price = $1,037.57
Next, we need to calculate the price of the bond after one year when the yield to maturity is 6.25%. We can use the same formula, but with a new yield to maturity:
Price = (30 / 2) * [1 - (1 + 0.0625/2)^(-211)] / (0.0625/2) + (1000 / (1 + 0.0625/2)^211)
Price = $1,042.28
Finally, we can calculate the change in price as follows:
Change in price = Price after one year - Current price
Change in price = $1,042.28 - $1,037.57
Change in price = $4.71
Therefore, the bond will experience a change in price of $4.71.
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According to the capital asset pricing model (i.e., CAPM), if the risk-free rate of return is 2.5%, the expected return on the market portfolio is 11.5%, and the beta of the stock of ABC, Inc. is 1.75, what is the expected rate of return for the company’s stock (rounded to 2 decimal places)? a. 18.25% b. 20.13% c. 22.63% d. 17.63% e. None of the answers listed above is correct.
The expected rate of return for the stock of ABC, Inc. is 20.13%.
The expected rate of return for the stock of ABC, Inc. can be calculated using the Capital Asset Pricing Model (CAPM). Under this model, the expected rate of return of a stock is equal to the risk-free rate of return plus the beta of the stock multiplied by the expected return on the market portfolio minus the risk-free rate of return.
In this case, the risk-free rate of return is 2.5%, the expected return on the market portfolio is 11.5%, and the beta of the stock of ABC, Inc. is 1.75. Therefore, the expected rate of return for the stock of ABC, Inc. is 20.13% (2.5% + (1.75 x 11.5%) - 2.5%).
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Which one the following should be true in order for theUncovered interest parity to hold?The interest rate for the two currencies should be equal.The forward rate should be equal to the
In order for the uncovered interest parity to hold, the forward rate should be an unbiased estimate of the future spot rate is true. The correct answer is C.
Uncovered interest parity (UIP) is an economic concept that relates to the relationship between exchange rates and interest rates. According to UIP, the difference in interest rates between two countries should be reflected in the exchange rate between their currencies.
If the interest rate on a currency is higher than the interest rate on another currency, the currency with the higher interest rate should depreciate relative to the other currency in order to equalize the returns on the two currencies.
To hold, UIP assumes that the forward exchange rate, which is the exchange rate agreed upon today for delivery at a future date, should be an unbiased estimate of the future spot exchange rate, which is the exchange rate at the time of delivery.
If the forward rate is not an unbiased estimate of the future spot rate, then there may be arbitrage opportunities available, which could cause the relationship between interest rates and exchange rates to break down. Therefore, the correct answer is C.
Which one the following should be true in order for the Uncovered interest parity to hold?
A. The interest rate for the two currencies should be equal.
B. The forward rate should be equal to the current spot rate.
C. The forward rate should be an unbiased estimate of the future spot rate.
D. The current spot rate should be an unbiased estimate of the future spot rate.
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while social reports often discuss issues related to a firm's performance in the four dimensions of social responsibility, as well as to specific social responsibility and ethical issues, ethics audits have a narrower focus on assessing and reporting on a firm's performance in terms of
The main focus of ethics audits is to assess and report on a firm's performance in terms of ethical issues.
Unlike social reports, which cover a broader range of social responsibility issues, ethics audits have a narrower focus on the ethical performance of a firm. Ethics audits evaluate a company's behavior and decision-making processes against a set of ethical standards and principles, such as honesty, integrity, and fairness.
An ethics audit typically involves a review of a company's policies and procedures, as well as its actual practices and behaviors, to identify areas of potential ethical concern. The audit may also include interviews with employees and stakeholders to gather additional information and insights. The findings of an ethics audit are typically summarized in a report, which identifies areas of strength as well as areas for improvement, and provides recommendations for addressing any identified ethical issues.
Overall, the goal of an ethics audit is to help a company ensure that its actions and decisions align with ethical principles and standards, and to promote a culture of integrity and ethical behavior within the organization.
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then, for your initial post, reflect on what appropriate practice of your selected principle would look like in the field, and also on some potential examples of violations of the principle. use the following questions to help guide your reflections: how would you define and describe your selected principle in your own words? what value does the principle bring to practitioners, businesses, and clients? what is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? why might a practitioner be tempted to, or accidentally, not take an ethical course of action?
The selected principle is maintaining confidentiality in the professional field. In my own words, confidentiality means protecting sensitive information by ensuring it is only disclosed to authorized individuals.
This principle brings value to practitioners, businesses, and clients by fostering trust, protecting privacy, and ensuring compliance with legal and ethical standards.
Appropriate practice of maintaining confidentiality in the field would involve handling sensitive information with care, using secure communication methods, and being mindful of discussing confidential matters only with relevant parties.
Additionally, professionals should be knowledgeable about confidentiality laws and guidelines in their industry to ensure compliance.
A potential violation of the confidentiality principle may include sharing sensitive information without the client's consent, discussing confidential matters in public spaces, or improperly securing data, which could lead to unauthorized access.
A difficult situation that a practitioner may face related to maintaining confidentiality could involve receiving a request to disclose information by someone claiming to be authorized, but without proper verification.
An ethical response to this situation would be to verify the individual's identity and authority before disclosing any sensitive information.
If verification is not possible, the practitioner should deny the request and seek guidance from a supervisor or legal counsel.
A practitioner might be tempted to or accidentally not take an ethical course of action due to various reasons, such as time pressure, perceived harmlessness of the action, or lack of awareness of ethical guidelines.
To avoid this, practitioners should regularly review ethical guidelines, seek training, and remain vigilant about maintaining confidentiality in their professional practice.
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Dungeoness Corporation has excess cash of $2,800 that it would like to distribute to shareholders as an extra dividend. Current earnings are $0.90 per share, and the stock currently sells for $40 per share. There are 210 shares outstanding. Ignore taxes and other imperfections.
If Dungeoness Corp. pays a cash dividend, what will be the dividend per share? After the dividend is paid, what will the price per share be? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES.
Dividend per share=
Price per share =
Earnings per share (EPS) =
Price earnings (P/E) ratio=
If Dungeoness Corp. pays a cash dividend its dividend per share will be $13.33. After the dividend is paid Price per share will be $26.67
The Earnings per share (EPS) is $0.90 and Price-earnings (P/E) ratio = $29.63
We'll calculate the dividend per share, price per share, earnings per share (EPS), and price-earnings (P/E) ratio for Dungeness Corporation.
1. Dividend per share:
Excess cash to be distributed = $2,800
Shares outstanding = 210
Dividend per share = Excess cash / Shares Outstanding
Dividend per share = $2,800 / 210 = $13.33
2. Price per share after the dividend is paid:
Current stock price = $40 per share
Dividend per share = $13.33
Price per share after dividend = Current stock price - Dividend per share
Price per share after dividend = $40 - $13.33 = $26.67
3. Earnings per share (EPS):
Current earnings = $0.90 per share
EPS remains unchanged after paying a cash dividend, so:
Earnings per share (EPS) = $0.90
4. Price-earnings (P/E) ratio:
P/E ratio = Price per share after dividend / Earnings per share
P/E ratio = $26.67 / $0.90 = 29.63
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3. Pabst Dental Supplies is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of occurrence are given. Possible Market Reaction Low response Moderate response High response Very high response Sales in Units 35 45 60 70 Probabilities 20 .20 30 30 a. What is the expected value of unit sales for the new product? Expected value b. What is the standard deviation of unit sales? (Round the final answer to 2 decimal places.) Standard deviation
The expected value of unit sales for the new product is 52.5, which is calculated by multiplying the possible levels of unit sales (35, 45, 60, 70) by their respective probabilities (20%, 20%, 30%, 30%) and summing the results.
The standard deviation of unit sales is 13.31, which is calculated by taking the square root of the sum of the squares of the differences between each possible level of unit sales and the expected value, divided by the number of possible levels (4).
The expected value provides us with an average of the potential outcomes of the introduction of the new product, while the standard deviation gives us an indication of how much variation exists in the potential outcomes.
In other words, the standard deviation helps us to understand how the potential outcomes are spread out and how likely it is that the actual outcome will be close to the expected value.
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parwin corporation plans to sell 33,000 units during august. if the company has 13,000 units on hand at the start of the month, and plans to have 14,000 units on hand at the end of the month, how many units must be produced during the month?
Parwin Corporation must produce 34,000 units during the month to meet their sales and inventory goals.
To determine how many units Parwin Corporation must produce during the month, we'll use the following steps:
1. Calculate the total number of units needed for the entire month by adding the number of units planned to be sold (33,000) and the number of units planned to have on hand at the end of the month (14,000).
2. Subtract the number of units on hand at the start of the month (13,000) from the total number of units needed for the entire month.
Here's the calculation:
Total units needed = Units to sell + Units to have on hand at the end of the month
Total units needed = 33,000 + 14,000
Total units needed = 47,000
Units to be produced = Total units needed - Units on hand at the start of the month
Units to be produced = 47,000 - 13,000
Units to be produced = 34,000
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The following cash flows have a combined present value of $80,000. The applicable discount rate is 7% compounded annually. What is the value of the missing cash flow in year 3?
(5 points)
Year Cash Flows
1 $43,000
2 $21,000
3 ?
The missing cash flow in year 3 is approximately $25,315.21.
How to calculate the cash flowTo find the missing cash flow in year 3, we'll first calculate the present value of the cash flows for years 1 and 2, and then subtract them from the combined present value of $80,000.
Finally, we'll find the future value of the remaining amount.
Year 1 cash flow:
PV = FV / (1 + r)! PV1 = $43,000 / (1 + 0.07)¹= $43,000 / 1.07 ≈ $40,186.92
Year 2 cash flow:
PV2 = $21,000 / (1 + 0.07)² = $21,000 / 1.1449 ≈ $18,333.90
Combined present value of years 1 and 2:
PV12 = PV1 + PV2 = $40,186.92 + $18,333.90 ≈ $58,520.82
Remaining present value for year 3:
PV3 = $80,000 - $58,520.82 = $21,479.18
Now, calculate the missing cash flow's value in year 3:
FV3 = PV3 * (1 + r)!
FV3 = $21,479.18 × (1 + 0.07)³ ≈ $25,315.21
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BOND VALUATION Callaghan Motors' bonds have 12 years remaining to maturity. Interest is paid semiannually, they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 10%. What is the bond's current market price? Round to TWO decimal places.
To calculate the current market price of the bond, we can use the bond valuation formula:
Bond Price = (C / (1 + r/n)^nt) + (FV / (1 + r/n)^nt)
Where:
C = the semiannual coupon payment
r = the yield to maturity, expressed as a decimal
n = the number of coupon payments per year
t = the number of years until maturity
FV = the face value of the bond
Plugging in the given values:
C = 0.09 x $1,000 / 2 = $45
r = 0.10
n = 2
t = 12
FV = $1,000
Bond Price = ($45 / (1 + 0.10/2)^(212)) + ($1,000 / (1 + 0.10/2)^(212))
Bond Price = ($45 / 1.100566^24) + ($1,000 / 1.100566^24)
Bond Price = $383.76 + $314.20
Bond Price = $697.96
Therefore, "the current market price of the bond is $697.96...
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conventional loans are usually easier to obtain and take less time to qualify. which type of mortgages usually involve more paperwork and take more time to qualify?
The type of mortgage that usually involves more paperwork and takes more time to qualify is a government-backed mortgage.
This is because government-backed mortgages, such as FHA (Federal Housing Administration) loans and VA (Veterans Affairs) loans, have more stringent requirements for borrowers to meet. These requirements include minimum credit scores, debt-to-income ratios, and down payments. Additionally, these loans often require more documentation to be provided during the application process, such as proof of income and employment history.
However, government-backed mortgages can also offer more favorable terms and lower down payment requirements for eligible borrowers.
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Provide a description of the financing cost implicationsassociated with a venture’s need for additional funds
The financing cost implications associated with a venture's need for additional funds depend on the source of the funds, the venture's creditworthiness, and the prevailing interest rates.
When a venture requires additional funds, it can obtain them from different sources, including equity financing or debt financing. Equity financing implies that the venture sells ownership stakes to investors, which may dilute existing shareholders' ownership but do not carry interest costs.
In contrast, debt financing involves borrowing money, which has to be paid back with interest, increasing the venture's financing costs. The interest rate that the venture will pay depends on its creditworthiness and the prevailing interest rates. Higher creditworthiness will result in lower interest rates, and vice versa.
Additionally, changes in interest rates in the economy can impact the venture's financing costs, making it important to monitor market conditions.
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market failures occur when: group of answer choices the government sets price floors and ceilings. the competitive market system under- or overallocates resources to production of goods. there are no externalities. goods are rival in consumption.
Market failures occur when the competitive market system under- or overallocates resources to the production of goods. This means that the market is not able to efficiently allocate resources among competing uses, resulting in either an undersupply or oversupply of goods and services.
There are several types of market failures, including externalities (where the actions of one party affect the well-being of another party), public goods (where the benefits of the good cannot be restricted to those who pay for it), and imperfect competition (where there is not enough competition to ensure that prices reflect the true costs of production).
Price floors and ceilings set by the government can also lead to market failures if they distort the market by preventing prices from reflecting the true supply and demand conditions. However, this is not the only cause of market failures.
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In just about every situation, ___________ carry the burden of a tax on a good. a) Corporations. b) Retailers. c) Wholesalers. d) People
In just about every situation, retailers carry the burden of a tax on a good. This is because retailers are the ones who purchase goods from wholesalers or manufacturers and then sell them to consumers.
When a tax is imposed on a good, the retailer has to pay the tax to the government. However, in order to maintain their profit margins, retailers will typically pass on the cost of the tax to consumers by increasing the price of the goods. As a result, consumers end up paying more for the goods, even though the tax was technically imposed on the retailer. While corporations and wholesalers may also be affected by taxes on goods, they are typically better equipped to absorb the cost of the tax or pass it on to other parties in the supply chain. Corporations may be able to increase their prices to wholesalers, who can then pass on the cost to retailers, who in turn pass it on to consumers. Wholesalers may also be able to negotiate lower prices from manufacturers in order to offset the cost of the tax. However, in most cases, it is the retailers who are left carrying the burden of the tax and passing it on to consumers.
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In just about every situation, retailers carry the burden of a tax on a good.
While corporations may be responsible for collecting and remitting the tax to the government, they often pass the cost of the tax onto the retailers, who then pass it on to consumers in the form of higher prices. Wholesalers may also be affected by the tax, but ultimately it is the retailers who are most directly impacted.
Tax incidence also can be related to the rate elasticity of delivery and demand. In perspective from the elasticity of demand, If demand is more inelastic than supply, consumers bear most of the tax burden. If demand is more inelastic than delivery, clients endure the maximum of the tax burden, and if delivery is extra inelastic than call for, dealers endure most of the tax burden. While supply is greater elastic than call for, the tax burden falls on the shoppers. If demand is more elastic than delivery, producers will undergo the value of the tax.
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your neighbor goes to the post office once a month and picks up two checks, one for $13,100 and one for $4,100. The larger check takes three days to clear after it is deposited; the smaller one takes two days. Assume 30 days in a month. a. What is the total float for the month? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the average daily float? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) C-1. What are the average daily receipts? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) C-2. What is the weighted average delay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Total float $ 47,500
b. Average daily float $ 1,583.33 C-1. Average daily receipts $ 573.33
c-2. Weighted average delay 2.76 days
a. Total float: $47,500
b. Average daily float: $1,583.33
C-1. Average daily receipts: $573.33
C-2. Weighted average delay: 2.76 days
To calculate the total float, we add up the time it takes for both checks to clear: 3 days + 2 days = 5 days. We then multiply this by the total amount of the checks: $17,200 * 5 = $47,500.
To calculate the average daily float, we divide the total float by the number of days in a month: $47,500 / 30 = $1,583.33.
To calculate the average daily receipts, we divide the total amount of the checks by the number of days in a month: $17,200 / 30 = $573.33.
To calculate the weighted average delay, we multiply the time it takes for each check to clear by the amount of the check, add these up, and divide by the total amount of the checks: (3 days * $13,100 + 2 days * $4,100) / $17,200 = 2.76 days.
In summary, the total float for the month is $47,500, the average daily float is $1,583.33, the average daily receipts is $573.33, and the weighted average delay is 2.76 days. These calculations are important for businesses to manage their cash flow and plan for expenses and investments.
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Compared with Treasury bonds, Treasury notes
generally:
a.
are discount securities.
b.
pay interest annually.
c.
are issued in the capital markets.
d.
have a longer maturity.
Clear my choice
Treasury notes pay interest annually, unlike Treasury bonds which typically pay interest semi-annually. Therefore, option b is the correct answer.
Option a is incorrect because Treasury notes, like Treasury bonds, are typically sold at par value rather than as discount securities.
Option c is incorrect because both Treasury bonds and Treasury notes are issued in the capital markets.
Option d is incorrect because Treasury notes typically have shorter maturities than Treasury bonds. Treasury notes have maturities ranging from 1 to 10 years, while Treasury bonds have maturities ranging from 10 to 30 years.
Option b is the correct answer.
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Chapter 4: Payroll 1. Sohar Company pays employees base on the following table. Riyas produced 560 units in a week. Calculate his weekly gross pay. Units produced Rate per unit
0-100 0.100 101-200 0.200 201-300 0.300 Over 300 0.400
Riyas's weekly gross pay is $224.
To calculate Riyas's weekly gross pay, we need to determine which rate per unit applies to the number of units produced and then multiply that rate by the number of units produced.
In this case, Riyas produced 560 units in a week. Since 560 units fall in the range of over 300 units, the rate per unit for Riyas is $0.400.
Therefore, Riyas's gross pay for the week is:
[tex]Gross pay = Units produced x Rate per unit\\Gross pay = 560 x 0.400\\Gross pay = $224[/tex]
Therefore, Riyas's weekly gross pay is $224.
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1.10 Short interest is a measure of the aggregate short positions on a stock. Check an online brokerage or other financial service for the short interest on several stocks of your choice. Can you guess which stocks have high short interest and which have low? Is it theoretically possible for short interest to exceed 100% of shares outstanding?
Short interest is a measure of how many investors are betting against a particular stock. A high short interest indicates that there are many investors who believe the stock will decline in value, while a low short interest indicates that there are fewer investors betting against the stock.
Some stocks that may have high short interest are those that are overvalued or experiencing financial difficulties, while stocks that are undervalued or have a strong financial position may have low short interest.
It is theoretically possible for short interest to exceed 100% of shares outstanding if multiple investors have shorted more shares than actually exist in the market. However, this is rare and may result in a "short squeeze" where investors scramble to cover their short positions, driving up the stock price.
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wasatch corporation (wc) received a $200,000 dividend from tager corporation (tc). wc owns 15 percent of the tc stock. compute wc's deductible dividends-received deduction (drd) in each of the following situations: required: wc's taxable income (loss) without the dividend income or the drd is $10,000. wc's taxable income (loss) without the dividend income or the drd is $(10,000). wc's taxable income (loss) without the dividend income or the drd is $(99,000). wc's taxable income (loss) without the dividend income or the drd is $(101,000). wc's taxable income (loss) without the dividend income or the drd is $(500,000). wc's taxable income (loss) without the dividend income or the drd is $10,000. what is wc's book-tax difference associate with its drd? is the difference favorable or unfavorable? is it permanent or temporary?
Wc's book-tax difference associated with its DRD is $30,000. This difference is favorable and permanent, as the DRD is treated as a permanent reduction in taxable income.
What is DRD?DRD stands for Dual Rate Downdrift, which is a technique used in the construction industry where a building is constructed with a slightly lower elevation at the top than the bottom. This allows for a gradual, uniform displacement of the building, making it more stable in seismic activity. The technique is also used as a form of earthquake protection because it reduces the risk of major structural damage should an earthquake occur.
Wc's deductible dividends-received deduction (DRD) in this situation is $30,000 ($200,000 x 15%). This reduces Wc's taxable income (without the dividend income or the DRD) from $10,000 to $(20,000).
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Question 19 (1 point) A newly issue CMO's mortgage pool has a balance of $108.71 million with an average interest rate of 12.01% payable annually over a five-year term. There are two tranches. Priority payments will be made to Tranche A and will include the coupon, all amortization from the mortgage pool, and the interest that will be accrued to Tranche 2 until Tranche A's principal is fully repaid. Tranche Z will interest without any cash payments until the senior tranche is repaid. It will recere current interest and principal payments at that time. Tranche A has a principal balance of $55.10 million with an annual coupon of 8.65%. Tranche Z has special balance of $46.43 million with an annual coupon of 12.01%. How much of its own Interest will be paid in total to Tranche A over the first two years? A. $7.57 million B. $7.76 million C. $7.95 milion D. $8.24 million E. $8.33 milion
The total interest paid to Tranche A over the first two years is $9.52 million.
Find out how much of its own interest will be paid in total to Tranche A over the first two years?To find out how much of its own interest will be paid in total to Tranche A over the first two years, follow these
Calculate the annual interest payment for Tranche A.
Interest Payment = Principal Balance x Annual Coupon Rate
Interest Payment = $55.10 million x 8.65%
Interest Payment = $4.76 million (approximately)
Calculate the total interest paid over the first two years.
Total Interest = Annual Interest Payment x Number of Years
Total Interest = $4.76 million x 2
Total Interest = $9.52 million
Determine the amount of interest accrued to Tranche Z over the first two years.
Interest Accrued to Tranche Z = (Total Interest Payment - Interest Payment to Tranche A)
Interest Accrued to Tranche Z = ($108.71 million x 12.01%) x 2 - $9.52 million
Interest Accrued to Tranche Z = $26.12 million (approximately)
Calculate the interest paid to Tranche A from the mortgage pool.
Interest Paid to Tranche A = Total Interest - Interest Accrued to Tranche Z
Interest Paid to Tranche A = $9.52 million - $26.12 million
Interest Paid to Tranche A = -$16.60 million (This means Tranche A doesn't receive additional interest from the mortgage pool)
Since Tranche A doesn't receive any additional interest from the mortgage pool, the total interest paid to Tranche A over the first two years is the interest generated by its own principal balance.
So, the total interest paid to Tranche A over the first two years is $9.52 million. However, this amount is not in the given options. Double-check the numbers and calculations provided in the question to ensure their accuracy.
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You are evaluating a project for The Farstroke golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Farstroke to be $440 per unit and sales volume to be 1,000 units in year 1; 1,500 units in year 2; and 1,325 units in year 3. The project has a 3-year life. Variable costs amount to $245 per unit and fixed costs are $100,000 per year. The project requires an initial investment of $177,000 in assets, which will be depreciated straight-line to zero over the three-year project life. The actual market value of these assets at the end of year 3 is expected to be $39,000. NWC requirements at the beginning of each year will be approximately 25 percent of the projected sales during the coming year. The tax rate is 21 percent and the required return on the project is 11 percent.
What is the operating cash flow for the project in year 2? (Enter your answer as a whole number.)
The operating cash flow for the project in year 2 is $207,735. By putting up the formulae of Operating cash flow, which are:
(Operating income + Depreciation expense - Taxes)
How the operating cash flow for the project in year 2 is calculated?Revenue is calculated as follows: 1,500 times $440, which equals $660,000.
Sales volume x Variable Cost per Unit (1,500 x $245) equals Variable Costs, which equals $367,500.
Fixed costs = $100,000
Therefore, the operating income for year 2 is:
Operating income = Revenue - Variable costs - Fixed costs
Operating income = $660,000 - $367,500 - $100,000 = $192,500
Following that, we must determine the depreciation expense for year 2:
Depreciation expense = (Initial investment - Salvage value) / Project life
Depreciation expense = ($177,000 - $39,000) / 3 = $46,000
We can now determine the taxable income for year 2:
Taxable income = Operating income - Depreciation expense
Taxable income = $192,500 - $46,000 = $146,500
And the taxes owed for year 2:
Taxes = Tax rate x Taxable income
Taxes = 0.21 x $146,500 = $30,765
Finally, we can figure out the operating cash flow for year 2:
Operating cash flow = Operating income + Depreciation expense - Taxes
Operating cash flow = $192,500 + $46,000 - $30,765 = $207,735
Therefore, the operating cash flow for the project in year 2 is $207,735.
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how do a sole proprietorship and a corporation differ? group of answer choices all of these corporations can issue stocks and bonds, while proprietorships can't. corporations face more taxes than do proprietorships. proprietorships have unlimited liability, while corporations have limited liability.
A sole proprietorship is differ from a corporation because corporations face more additional taxations than proprietorships. Thus, option b is correct.
In a sole proprietorship, the proprietor has infinite liability for the company's deficits and obligations. This implies that if the company can't pay its obligations, the owner's individual support can be utilized to meet those debts.
Sole proprietorships are typically taxed as part of the proprietor's personal gain, which means that the proprietor pays taxes on the firm's profits at their unique income tax rate. Corporations are taxed as distinct legal commodities, which means that they must pay tariffs on their gains at the corporate tax rate.
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The complete question is:
How do a sole proprietorship and a corporation differ?
Group of answers:
a. all of these corporations can issue stocks and bonds, while proprietorships can't.
b. corporations face more taxes than do proprietorships.
c. proprietorships have unlimited liability, while corporations have limited liability.
ch. 16 problems and applications q3 suppose that people consume only three goods, as shown in this table: tennis balls golf balls bottles of gatorade 2020 price $2 $4 $2 quantity 100 50 300 2021 price $4 $5 $3 quantity 100 50 300 complete the following table by computing the percentage change in price for each of the three goods. tennis balls golf balls bottles of gatorade percentage change % % % using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is % . true or false: if you were to learn that a bottle of gatorade increased in size from 2020 to 2021, that information would raise your estimation of the inflation rate. true false true or false: if you were to learn that gatorade introduced new flavors in 2021, that would imply that the inflation rate you estimated is understated. true false continue without saving
The weighted percentage change is 28.89%
How to determine the percentage change in priceIf To calculate the percentage change in price for each good, we use the formula: Percentage Change = [(New Price - Old Price) / Old Price] * 100
Tennis balls:
Percentage Change = [(4 - 2) / 2] * 100 = 100%
Golf balls:
Percentage Change = [(5 - 4) / 4] * 100 = 25%
Bottles of Gatorade:
Percentage Change = [(3 - 2) / 2] * 100 = 50%
To calculate the percentage change in the overall price level, similar to the CPI method, we use a weighted average:
Weighted Percentage Change = Σ (Weight * Percentage Change)
Weights are determined by the quantities of goods consumed in the base year (2020).
Weighted Percentage Change = (100 * 100% + 50 * 25% + 300 * 50%) / (100 + 50 + 300) = (10000 + 1250 + 15000) / 450 = 28.89%
If you were to learn that a bottle of Gatorade increased in size from 2020 to 2021, that information would raise your estimation of the inflation rate. False.
If the bottle size increased, it means that consumers are getting more value for their money, so the increase in the price might be justified, and the inflation rate estimation would not necessarily be higher.
If you were to learn that Gatorade introduced new flavors in 2021, that would imply that the inflation rate you estimated is understated. False.
The introduction of new flavors does not directly affect the price change calculation or the inflation rate estimation. Inflation focuses on price changes, not product variety or improvements.
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which of the following was an incentive for fifa to expand to other countries? group of answer choices a. extend a product's life cycle b. opportunities to better use rapidly developing technologies c. gain access to consumers in emerging markets d. gain easier access to raw materials
The incentive for FIFA to expand to other countries was c. gain access to consumers in emerging markets
An emerging market is a market in a developed country that is expanding and becoming increasingly integrated with global markets. Due to the fact that it enables them to identify every consumer in the market, emerging market multinationals place a strong emphasis on every level of market segment.
Gaining access to customers in emerging areas was perhaps FIFA's motivation for international expansion. The worldwide governing body of association football, FIFA, might attract a larger audience by expanding into new nations and tapping into new markets. Increased money from sponsorships, TV rights, retail sales, and other sources could result from this.
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On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 2,000 euros in your belt pack. Wanting to exchange all of these for Russian rubles, you obtain the following quotes:
Spot rate rubles per dollar (or RUB/USD) 1.1280
Spot rate Rupee per dollar (or INR = 1.00 USD) 62.40
What is the Russian ruble to euro cross rate?
How many Russian rubles will you obtain for your euros?
The answer you will obtain 2000 Russian rubles for your euros.
To find the Russian ruble to euro cross rate, we need to use the spot rates for both RUB/USD and INR/USD. First, we need to convert the RUB/USD rate to RUB/EUR. We can do this by dividing 1 by the RUB/USD rate:1 / 1.1280 = 0.8873This means that 1 euro is equal to 0.8873 Russian rubles.Next, we need to convert the INR/USD rate to INR/EUR. We can do this by multiplying the INR/USD rate by the EUR/USD rate (which we can find by dividing 1 by the USD/EUR rate):62.40 * (1/1.1280) = 55.36This means that 1 euro is equal to 55.36 Indian rupees.Finally, we can use these two cross rates to find the RUB/EUR rate.
We can do this by dividing the RUB/USD rate bythe INR/USD rate, and then multiplying by the INR/EUR rate:(1.1280 / 62.40) * 55.36 = 1.00So the Russian ruble to euro cross rate is 1.00 RUB/EUR.To find out how many Russian rubles you will obtain for your euros, we simply need to multiply the amount of euros (2000) by the RUB/EUR cross rate (1.00):2000 * 1.00 = 2000So you will obtain 2000 Russian rubles for your euros.
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short answer
3. Discuss two different economic reasons for the public provision of education (in other words why education provision should not just be left to private markets). Explain whether your reasons are ba
There are several economic reasons why the provision of education should not be solely left to private markets, but rather involve public provision.
Two key reasons are:
1. Market failures: Education is subject to several market failures that can hinder its efficient provision through private markets. One of the main market failures in education is the presence of externalities.
Positive externalities occur when the benefits of education spill over to society beyond the individual receiving education. For example, an educated workforce can contribute to a more productive and innovative economy, resulting in higher economic growth and societal well-being. These positive externalities are not fully captured by the individuals or firms investing in education, leading to underinvestment in education in a purely private market system. Public provision of education can help address this market failure by ensuring that education is accessible to all members of society, and that the positive externalities of education are taken into account in resource allocation decisions.
Another market failure in education is information asymmetry. Students and families may not have complete information about the quality or value of education, making it difficult for them to make informed choices in a purely private market system. This can lead to adverse selection and moral hazard problems, where students may choose low-quality or inadequate education or engage in risky behaviors due to incomplete information. Public provision of education can help mitigate these information asymmetry issues by setting minimum standards, ensuring quality control, and providing reliable information to students and families about the education options available, thus improving overall education outcomes.
2. Equity and social welfare considerations: Education is considered a fundamental human right and plays a critical role in promoting social mobility, reducing inequality, and fostering social cohesion. However, in a purely private market system, access to education may be limited to those who can afford to pay, leading to unequal opportunities for education and exacerbating socioeconomic disparities. Public provision of education can help ensure that education is accessible to all members of society, regardless of their socio-economic background, by providing free or subsidized education, scholarships, and other mechanisms to support those who may face financial constraints. This can promote equity, enhance social welfare, and contribute to a more inclusive and cohesive society.
Moreover, public provision of education can also help address issues of market concentration and monopolistic tendencies that may arise in private markets, where a few dominant players can control the supply, quality, and pricing of education services, leading to reduced competition and potential exploitation of consumers. Public provision of education can ensure that education services are provided in a competitive and fair manner, with adequate regulations and oversight to protect the interests of students, families, and society at large.
In summary, the public provision of education can address market failures, promote equity, and ensure social welfare considerations are taken into account, which may not be fully achieved in a purely private market system. By providing access to education for all members of society, ensuring quality control, and mitigating information asymmetry, public provision of education can contribute to the overall well-being and development of individuals and society.
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Firm A's cash flows would be more stable if its foreign saleswere ____ and the number of exporting economies' size is ____.A. higher; largeB. higher; largeC. lower; smallD. higher; small
Firm A's cash flows would be more stable if its foreign sales were lower and the number of exporting economies' size is small. Option C is answer.
This is because having a larger proportion of foreign sales means that the company is more exposed to fluctuations in exchange rates and economic conditions in other countries. By reducing foreign sales and focusing on domestic sales, the company can achieve greater stability in its cash flows. Additionally, dealing with fewer exporting economies means less exposure to country-specific risks, further contributing to cash flow stability.
Option C is answer.
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