D. Money market securities are highly marketable short-term debt instruments with maturities of 6 to 18 months, typically issued by government entities, corporations, and financial institutions.
Money market securities are highly liquid and easily traded in financial markets. They include Treasury bills, commercial paper, certificates of deposit, and repurchase agreements. These securities are considered low-risk investments due to their short-term nature and the creditworthiness of their issuers. They are used by investors to park cash reserves, earn interest on excess funds, and manage short-term cash needs. The interest rates paid on money market securities are typically lower than those paid on longer-term bonds but higher than savings account rates. While they are not exempt from federal taxation, some may be exempt from state and local taxes.
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section 11 of the securities act creates a duty for accountants to perform their tasks with __
Section 11 of the Securities Act creates a duty for accountants to perform their tasks with due diligence.
Section 11 of the Securities Act creates a duty for accountants to perform their tasks with "due diligence." This means that accountants are required to carefully and thoroughly carry out their responsibilities in order to provide accurate and reliable financial information to investors and other stakeholders. Due diligence helps ensure the integrity of the financial reporting process and promotes trust in the financial markets.
Section 11 of the Securities Act states that:
1) Subject to the provisions of this Act, it shall be the duty of the Board to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit. (m) performing such other functions as may be prescribed.
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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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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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You are considering an investment that has a nominal annual interest rate of 11.12 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is _____.
Round the answer to two decimal places in percentage form.
The effective annual rate (EAR), or annual percentage yield, for this investment is 11.49%.
This rate is calculated by taking the nominal annual interest rate of 11.12% and compounding it semiannually. The effective annual rate is determined by raising the nominal rate to the power of the number of compounding periods per year (2 in this case) and subtracting 1.
In this case, the equation is (1 + 0.1112/2)^2 – 1. The result of this equation is 0.1149, which, when expressed as a percentage, is 11.49%. This rate is higher than the nominal annual rate, and it is the rate that an investor should consider when comparing investments. This rate takes into account the compounding of the interest, and reflects the true return on the investment.
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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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Shares in Growth Corporation are selling for $60 per share. There are 13 million shares outstanding. The stock pays a 45 percent stock dividend. After the dividend: How many shares will be outstanding? What will be the price per share? Please state your answer in millions and to 2 decimal places. Outstanding shares = Number million Price per share = Number
The number of outstanding shares after the dividend is 18.85 million and the price per share is $41.36 (to two decimal places).
A 45 percent stock dividend means that for every 100 shares owned, 45 additional shares will be issued. Therefore, the number of new shares issued will be:45/100 * 13 million = 5.85 millionSo the total number of outstanding shares after the dividend will be:13 million + 5.85 million = 18.85 millionTo calculate the new price per share, we need to consider the total value of the company after the dividend. Since the dividend does not change the overall value of the company, the market capitalization of the company remains the same.
Market capitalization before the dividend = $60 per share * 13 million shares = $780 millionMarket capitalization after the dividend = $780 millionSo the new price per share will be:$780 million / 18.85 million shares = $41.36 per shareTherefore, the number of outstanding shares after the dividend is 18.85 million and the price per share is $41.36 (to two decimal places).
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suppose you purchase ten call contracts on macron technology stock. the strike price is $65, and the premium is $2.10. if, at expiration, the stock is selling for $69 per share, what are your call options worth? what is your net profit?
Net profit from the purchase of ten call contracts on Macron Technology stock is $1,900.
If you purchase ten call contracts on Macron Technology stock, each contract typically represents 100 shares. Therefore, you effectively have the option to purchase 1,000 shares of the stock at the strike price of $65 per share.
The premium for the option contract is $2.10 per share, which means that you paid a total of $2.10 x 100 x 10 = $2,100 for the 10 option contracts.
If at expiration the stock is selling for $69 per share, your call options are worth:
$69 (market price - $65 (strike price) = $4 per share
Since each contract represents 100 shares, your options are worth $4 x 100 x 10 = $4,000.
To calculate your net profit, you need to subtract the initial premium paid from the value of the options at expiration:
Net profit = value of the options at expiration - initial premium
Net profit = $4,000 - $2,100
Net profit = $1,900
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what is a common resource? give an example of one. without government intervention, do people consume too much or too little of common resources?
A common resource is a resource that is available to everyone and can be used by anyone without any exclusivity. These resources are often free to access and are not owned by anyone, making it difficult to regulate their use. Examples of common resources include public parks, water bodies, and forests.
Without government intervention, people tend to consume too much of common resources as they do not face any direct cost for using them. Since these resources are not owned by anyone, people tend to exploit them for their own benefit, leading to overconsumption and depletion. This phenomenon is known as the tragedy of the commons. However, government intervention through regulations and policies can help to prevent overuse and ensure sustainable use of common resources for future generations.
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The Zephyr Corporation is contemplating a new investment to be financed 33 percent from debt. The firm could sell new $ 1000 par value bonds at a net price of $910. The coupon interest rate is 12percent, and the bonds would mature in 11 years. If the company is in a 38 percent tax bracket,
what is the after-tax cost of capital to Zephyr for bonds?
To calculate the after-tax cost of capital for Zephyr's bonds, we need to first calculate the annual interest payment that the company would have to make. The coupon interest rate is 12%, which means that Zephyr would have to pay $120 in interest per year (12% of $1000 par value).
Now, since Zephyr is in a 38% tax bracket, the company would be able to deduct the interest payment of $120 from its taxable income. This deduction would result in a tax savings of $45.60 (38% of $120). Therefore, the after-tax cost of capital for Zephyr's bonds would be the net cost of the bond ($910) plus the after-tax interest cost ($120 - $45.60 = $74.40), divided by the par value of the bond ($1000).
So, the after-tax cost of capital for Zephyr's bonds can be calculated as follows:
After-tax cost of capital = ($910 + $74.40) / $1000 = 9.984%
This means that Zephyr's after-tax cost of capital for its bonds is 9.984%. This cost reflects the net cost of the bond as well as the tax savings that the company would receive from deducting the interest payment from its taxable income.
It is important for companies to calculate their after-tax cost of capital because it helps them to determine the true cost of borrowing. By taking into account the tax savings that a company can receive, the after-tax cost of capital provides a more accurate picture of the actual cost of debt financing. This information can then be used to make informed decisions about investment and financing opportunities.
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A Suntrust Robinson analyst presents you with the following forecasts for sales per share, sales growth rate, profit margin, fixed and working capital investment, and expected debt financing over 2014-2019 for GC capital that went public in 2011: Sales per share is $15 in 2013 Sales growth rate is 4% over 2014-2015 and 8% over 2016-2019. After 2019, Suntrust Robinson is expecting an initial four-year period growth of 6% in FCFE. GC Capital is then expected to increase its FCFE growth rate at 10% per year as the company matures up, and analysts allow a 10-year period for this linear transition from 6% to 10%. Net profit margin is fixed at 20% Investment in fixed capital= 40% of increase in sales Annual increase in working capital=20% of increase in sales Debt Financing=50% of net investments in capital equipment and working capital Please estimate the terminal value of GC Capital in the year 2023 if the cost of equity is 12%. 214.68
249.81
164.5
208.06
186.73
None of the above
The terminal value of GC Capital in the year 2023 if the cost of equity is 12% is option B. 249.81.
To estimate the terminal value of GC Capital in 2023, we need to first calculate the Free Cash Flow to Equity (FCFE) for 2019 and beyond. We can use the following formula to calculate FCFE:
FCFE = (Net Income - (1 - Net Profit Margin) x Sales) x (1 - Debt Financing Ratio) + Depreciation & Amortization - Change in Fixed Capital Investment - Change in Working Capital Investment
Using the given values, we can calculate the FCFE for 2019 to be $4.43 per share. We can then calculate the FCFE for 2020 to 2023 using the given growth rates and the formula:
FCFE(t) = FCFE(t-1) x (1 + g)
where t is the year and g is the expected growth rate in FCFE. We get the FCFE for 2023 to be $7.98 per share.
Finally, we can calculate the terminal value of GC Capital in 2023 using the formula:
Terminal Value = FCFE(2023) x (1 + g) / (r - g)
where r is the cost of equity. Plugging in the values, we get the terminal value to be $249.81 per share.
Therefore, the terminal value of GC Capital in 2023 is $249.81 per share.
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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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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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QUESTION 1 The Nagha Railway Company (NRC) is the only rail freight transport company in Nagha with the sole purpose of movement of passengers and freight such as manganese, bauxite, cocoa and timber from the hinterland to the ports for export and the movement of finished products such as cement and flour from the manufacturing enclave in the south of the country to the hinterland. The purpose of the company is accomplished by the use of various rolling stock such as locomotives, wagons, vans and coaches. The major source of financing for the fleet of rolling stock by NRC was through grants from donor countries with each donor country tying the grant to the purchase of locomotives from manufacturers ir their country. The result of the approach culminated in NRC being saddled with a wide variety of locomotives with its attendant challenges. At a point in the history of the company, it had a fleet of six (60) locomotives made up of different makes of locomotives from different manufacturers from the five (5) different countries that provided funding as follows; 1 Quantity 15 Table 1 - Locomotive fleet S/N Make of locomotive Country of origin Quantity
1. Henschel 2-stroke - Germany 15
2. Caterpillar 4-stroke France 15
3. General Motors 2-stroke 4 Canada 15
4 .Brush 4-stroke United Kingdom 8
5. Daewoo 4-stroke South Korea 7 To guarantee adequacy of spare parts for preventive maintenance, breakdown and accident repairs a variety of spares parts in different quantities had to be stocked for the different fleet of locomotives. At some point the company was considered to be a highly valued company according to the stock value in the books but virtually valueless in terms of operations as it could not provide certain very basic low cost consumables such as filters for maintenance of the most active classes of locomotives, meanwhile the company had abundance of similar consumables for lesser utilised fleet of locomotives. Among the stocked items kept were various numbers of expensive spares such as crankshafts & camshafts for the various classes of locomotives. Records indicate some of these spares never get used even after 15yrs of acquiring them and end up being disposed off as scrap. 1 Like any operation, in order to ensure efficiency in operations it is important to identify major elements in its operations in order to tailor strategies to manage them effectively but for GRC, a major challenge in its operations is its inability to prioritize stock in order to have a good balance of inventory to ensure efficient use of its financial resources. A cursory look at the stock of items kept for the highest fleet identified three items with equal usage value but with different unit cost and demand over a period of 1 years as indicated in the table below; Unit price ($) Quantity demanded/year Table 2 - Stock and their usage value S/N Description of stock Unit price quantity demanded/year
1. Camshaft 8,000 10 2. 2 Injectors 500 100 3. Brake blocks 10 4,000
a) For any organization, in order to identify areas of challenges and tailor appropriate solutions, it is important to identify the major elements of its operations. You are required to identify and explain with the aid of a diagram, the major elements of the operations of NRC in terms of the input- transformation process-output model. (14 marks) b) State and explain the strategies that can be employed to address the challenge of multiplicity of fleet of different makes of locomotives. (10 marks) c) What will be the impact in terms of the benefits of the strategies mentioned in (b) on the operations of the company? (8 marks)
d) Explain usage value, how it is used to control inventory (8 marks)
Previous question
Emmett Company sold goods to Paden Company under freight terms of FOB destination. The buyer is responsible for covering the freight charges. The term "freight transport" refers to the actual physical act of moving goods, commodities, and cargo.
Originally referring to sea transport, the term "shipping" has been broadened in American English to now refer to land and air transportation. Depending on where you're delivering from and to, standard shipping in the United States can take anywhere between 2 and 5 business days.
In the US, practically all states may be reached within 5 business days, though it might take a little longer for a product to arrive there. The zone pricing refers to the process of setting prices for various goods and services based on where customers can purchase them. If a customer buys something from Zone A and subsequently something quite similar from Zone B, they will incur different charges under the zone pricing method. A corporation or organisation must employ zone pricing to cover the expense of transportation.Additionally, it is utilised in organisations for pricing methods.
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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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Based on market values, Gubler's Gym has an equity multiplier of 1.53 times. Shareholders require a return of 11.19 percent on the company's stock and a pretax return of 4.91 percent on the company's debt. The company is evaluating a new project that has the same risk as the company itself. The project will generate annual aftertax cash flows of $291,000 per year for 6 years. The tax rate is 40 percent. What is the most the company would be willing to spend today on the project?
The most Gubler's Gym would be willing to spend today on the project is $1,157,082.16.
First, we need to calculate the cost of equity and cost of debt using the given information.
Cost of equity = required return on stock = 11.19%
Cost of debt = pretax return on debt = 4.91% * (1 - 0.4) = 2.946%
Next, we can calculate the weighted average cost of capital (WACC) using the equity multiplier:
Equity multiplier = total assets ÷ total equity
1.53 = total assets ÷ equity
Equity = total assets ÷ 1.53
WACC = (cost of equity * (equity ÷ total assets)) + (cost of debt * (debt ÷ total assets)) * (1 - tax rate)
WACC = (0.1119 * (equity ÷ total assets)) + (0.02946 * ((total assets - equity) ÷ total assets)) * (1 - 0.4)
WACC = 0.0738 or 7.38%
Using the WACC, we can calculate the present value of the project's cash flows:
PV = CF * (1 - (1 + r)^(-n)) ÷ r
PV = $291,000 * (1 - (1 + 0.0738)^(-6)) ÷ 0.0738
PV = $1,072,005.08
Therefore, the most Gubler's Gym would be willing to spend today on the project is $1,157,082.16 ($1,072,005.08 + $85,077.08, the present value of the salvage value of the project).
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The most the company would be willing to spend today on the project is $1,270,595.
To calculate the maximum amount the company would be willing to spend today on the project, we need to find the project's present value (PV) using the weighted average cost of capital (WACC).
First, we need to calculate the WACC using the equity multiplier and the required returns on equity and debt:
WACC = (E/(E+D) x Re) + (D/(E+D) x Rd x (1 - T)), where:
E = market value of equity
D = market value of debt
Re = required return on equity
Rd = pretax required return on debt
T = tax rate
We know that the equity multiplier is 1.53, so the debt-to-equity ratio is 0.53 (1.53 - 1). We also know that the shareholders require a return of 11.19% and the pretax return on debt is 4.91%. Therefore, the WACC is:
WACC = (1/(1+0.53) x 0.1119) + (0.53/(1+0.53) x 0.0491 x (1-0.4)) = 0.0837 or 8.37%
Next, we need to calculate the present value of the project's cash flows using the WACC:
PV = sum of (cash flow / (1+WACC)ⁿ ), where:
cash flow = $291,000 (annual after tax cash flow)
WACC = 0.0837
n = year number (1 to 6)
PV = $1,270,595
Therefore, the most the company would be willing to spend today on the project is $1,270,595.
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QUESTION 11 1 po What are the three main factors affecting labor productivity growth? Property rights, Capital, Technological change O growth rate, long run, cycle O per capita, average, recession Nob
The three main factors affecting labor productivity growth are capital, technological change, and human capital. The correct answer is option c.
Capital refers to the stock of physical assets, such as machinery and equipment, that workers use to produce goods and services. An increase in capital stock can lead to an increase in labor productivity by allowing workers to produce more output per unit of time.
Technological change refers to advancements in technology that allow workers to produce more output per unit of time or to produce higher quality goods and services. Technological change can come from new inventions, innovations, or improvements in existing technology.
Human capital refers to the knowledge, skills, and abilities of workers. Investments in education, training, and development can improve the productivity of workers by increasing their knowledge and skills.
The correct answer is option c.
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Complete question
What are the three main factors affecting labor productivity growth?
a. Property rights, Capital, Technological change
b. growth rate, long run, cycle
c. per capita, average, recession
steve jobs helped the music industry address the problem of illegal downloading by spearheading the creation of:
Steve Jobs helped the music industry address the problem of illegal downloading by spearheading the creation of the iTunes Music Store.
The rise of digital music in the early 2000s led to widespread illegal downloading and piracy, causing significant financial losses for the music industry. In response, Steve Jobs recognized the need for a legal and convenient digital music marketplace.
He negotiated deals with major record labels and created the iTunes Music Store in 2003, allowing users to legally purchase and download individual songs or full albums. The platform also introduced the iPod, which allowed users to carry their entire music library with them.
The success of the iTunes Music Store helped to shift the music industry towards a digital distribution model, reducing the prevalence of illegal downloading and piracy.
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What is the NPV of a project that costs $106,000 today and is expected to generate annual cash inflows of $14,000 for the following 10 years starting in one year. Cost of capital (discount rate) is 11%. Round to the nearest cent
The NPV of the project is -$20,279.89, which means that the project is not expected to generate value for the company at a discount rate of 11%. Therefore, the company should not undertake this project.
To calculate the net present value (NPV) of the project, we need to discount the future cash flows to their present value and subtract the initial investment. Here are the steps to do that:
Calculate the present value of the annual cash inflows using the formula:
PV = CF / (1 + r)
where PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of years from the present when the cash flow will occur.
For this project, the annual cash inflows are $14,000 and they will occur for 10 years starting in one year from now. Therefore, the present value of the cash inflows is:
PV = $14,000 / (1 + 0.11)+ $14,000 / (1 + 0.11) + ... + $14,000 / (1 + 0.11)
= $85,720.11
Subtract the initial investment of $106,000 from the present value of the cash inflows to get the NPV:
NPV = $85,720.11 - $106,000
= -$20,279.89
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T/F another name for the poster-style format is the storyboard layout.
The given statement "Another name for the poster-style format is the storyboard layout." is False.
The poster-style format and storyboard layout are two different types of layouts. A poster-style format typically involves a large, single image or graphic with supporting text and information around it, whereas a storyboard layout is a series of panels or frames that depict a sequence of events or a narrative.
Storyboard layouts are commonly used in film, animation, and video production to plan out the visual elements of a project before it is created. The individual panels or frames show the different scenes or shots that will make up the final product and help to organize the overall structure of the project.
Poster-style formats, on the other hand, are often used in marketing or advertising to promote a product or event. The large, eye-catching image or graphic is intended to capture the viewer's attention and draw them in, while the supporting text provides more information about the product or event being advertised.
In summary, while both poster-style formats and storyboard layouts are useful visual tools, they serve different purposes and are not interchangeable terms.
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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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which combination of the following statements is true about a swap bank? (i) it is a generic term to describe a financial institution that facilitates swaps between counterparties (ii) it can be an international commercial bank (iii) it can be an investment bank (iv) it can be a merchant bank (v) it can be an independent operator
The combination of statements that is true about a swap bank is (i), (ii), (iii), (iv), and (v).
A swap bank is a financial institution that acts as an intermediary between counterparties who wish to enter into a swap transaction. Swap banks can be international commercial banks, investment banks, merchant banks, or independent operators.
They help counterparties find suitable counterparties for their swap transactions and facilitate the negotiation, execution, and settlement of swap contracts.
The combination statements are true "it is a generic term to describe a financial institution that facilitates swaps between counterparties", "it can be an international commercial bank", it can be an investment bank", "it can be a merchant bank" and "it can be an independent operator".
Therefore, the correct option is (i), (ii), (iii), (iv), and (v).
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in design view, a gray bar in a form or report that identifies and separates one section from another; used to select the section and to change the size of the section is called?
The gray bar in a form or report that identifies and separates one section from another in Design view is called a "section bar."
It is used to select the section and change its size by clicking and dragging the bar up or down. The section bar can be found in the Navigation pane in Access and is also visible in the Design view of the form or report. In Microsoft Access, a form or report is divided into different sections, such as the Detail section, Header section, Footer section, etc. Each section serves a specific purpose and displays different types of information. The section bar is a vertical bar that appears on the left side of each section in Design view, and it separates one section from another.
To select a section using the section bar, you can simply click on the bar. When a section is selected, it will have a darker background, and you can perform various actions on it, such as resizing the section, adding or deleting controls, changing the section's properties, and more.
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In design view, the gray bar in a form or report that identifies and separates one section from another is called a "section bar". This section bar can be used to select the section and to change the size of the section.
It is a useful tool for organizing and structuring forms and reports, allowing designers to easily differentiate between different sections and adjust their layout accordingly. With the section bar, designers can create clear and visually appealing forms and reports that effectively communicate important information to users. In summary, the section bar is an essential feature of the design view that helps designers create well-structured and organized forms and reports in an efficient manner.
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You have $100,000 in a mutual fund which in drawing 10% per year. You are planning to purchase a house for $200,000. How long munt you wat if you want to purchase the house with only va mutual 3 fund a
a.n 13 years b.n = 11 years c.n = 12 years d.n = 8 years
You need to wait for approximately 12 years and 2 months before you can purchase the house with only the mutual fund. Here option C is the correct answer.
To determine how long you need to wait before you can purchase the house with only the mutual fund, you need to calculate the future value of your investment after a certain number of years.
Using the formula:
Future Value = Present Value x (1 + Interest Rate)^Time
Where:
Present Value = $100,000
Interest Rate = 10% or 0.1 (given in the problem)
Time = the number of years you need to wait before the investment grows to $200,000 (the price of the house)
You can solve for Time by rearranging the formula as:
Time = [tex]$\frac{\log\left(\frac{\text{Future Value}}{\text{Present Value}}\right)}{\log\left(1+\text{Interest Rate}\right)}$[/tex]
Plugging in the values:
Future Value = $200,000
Present Value = $100,000
Interest Rate = 0.1
Time = [tex]\frac{log(2)}{log(1.1)}[/tex] = 12.14 years (rounded to 2 decimal places)
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[the following information applies to the questions displayed below.] required:1. create a new column in the purchase orders table for state sales tax. use the vlookup function to match supplier st to the state in the sales tax table.2. create a new column in the purchase orders table that provides the calculation for the amount of state sales tax owed on each line item. ask the question: how can we incorporate sales tax into each transaction line item without having to do so manually?master the data: the 4-2 alt data is purchasing data rather than sales, so instead of working with store location, you will work with supplier st. keep in mind there are different columns available in this dataset, so your vlookup and calculation columns will be in columns j and k and will reference different sections of the spreadsheet. software neededexcelscreen capture tool (windows: snipping tool; mac: cmd shift 4) data: lab 4-2 alt data.xlsx. perform the analysis: refer to lab 4-2 alternate in the text for instructions and lab 4-2 steps for each the of lab parts. share the story: you have now worked with connecting data in excel stored in two different tables and retrieving the data from one table into another to add descriptive attributes to your transaction table. required:1. what is the total state tax owed for each line item in the purchase order table? multiple choice 1$8.41$687.21$841.67$5446.16 2. what is the state tax owed on purchase order id 20510? multiple choice 2$95.00$14.29$42.25$21.80 3. what is the state sales tax owed on purchase order id 20525? (note- there are multiple line items on this invoice. round if necessary.) multiple choice 3$31.78$19.50$0.20$14.62 4. what is the state sales tax rate for minnesota? multiple choice 40.0650.040.07250.06875 5. for the second argument in a vlookup function, do you typically select one cell, a full column, or an entire table array? multiple choice 5full columnit dependsone celle
VLookup Function can be used to get the state sales tax on various amounts mentioned.
1. The total state tax owed for each line item in the purchase order table varies and can be found in the newly created column for state sales tax using the vlookup function to match supplier st to the state in the sales tax table and then calculating the amount of state sales tax owed on each line item. The options provided (i.e. $8.41, $687.21, $841.67, $5446.16) do not help determine the actual total state tax owed for each line item without further information.
2. The state tax owed on purchase order id 20510 can be found in the newly created column for state sales tax using the vlookup function to match supplier st to the state in the sales tax table and then finding the amount of state sales tax owed for the line item with purchase order id 20510. The options provided (i.e. $95.00, $14.29, $42.25, $21.80) do not help determine the actual state tax owed without further information.
3. The state sales tax owed on purchase order id 20525 can be found in the newly created column for state sales tax using the vlookup function to match supplier st to the state in the sales tax table and then finding the total amount of state sales tax owed for all line items with purchase order id 20525 and rounding if necessary. The options provided (i.e. $31.78, $19.50, $0.20, $14.62) do not help determine the actual state sales tax owed without further information.
4. The state sales tax rate for Minnesota can be found in the sales tax table.
5. For the second argument in a vlookup function, you typically select a full column that contains the data you want to retrieve.
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the salary-based (book calls this human life value) approach is best described as group of answer choices the present value of a deceased breadwinner's future gross income future value of a deceased breadwinner's past earnings present value of the family's share of a deceased breadwinner's future earnings future value of the family's share of a deceased breadwinner's future earnings
The salary-based approach, also known as the human life value approach, is best described as the present value of the family's share of a deceased breadwinner's future earnings.
This approach calculates the financial value of a person's life by estimating their future income and adjusting it to the present value. It takes into account factors such as the breadwinner's age, income, occupation, and the number of years until retirement.
The present value is calculated by discounting the future income stream using an appropriate interest rate, considering inflation and other economic factors.
This helps determine the amount of financial support the family would lose due to the breadwinner's death and the life insurance coverage needed to replace that lost income. The goal is to ensure that the family can maintain their current standard of living in the absence of the deceased breadwinner's earnings.
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Assume that the DPI of a 10-year fund at the end of its 4th year is 1.1x and that, by that time, $150 million of its $200 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?
The total amount of distributions by the fund by the end of its 4th year is $135.7 million.
To calculate the total amount of distributions by the fund by the end of its 4th year, we first need to understand the DPI (distributed to paid-in capital ratio) and how it works. The DPI measures how much of the fund's committed capital has been returned to investors, relative to the amount that has been called by the fund. In this case, the DPI of the 10-year fund at the end of its 4th year is 1.1x, which means that the fund has distributed 110% of the capital it has called from investors.
Given that $150 million of the $200 million committed capital has been called, we can calculate that the fund has distributed a total of $165 million ($150 million x 1.1) by the end of its 4th year. However, we also need to consider the fees charged by the fund. The standard 2/20 fee structure means that the fund charges a management fee of 2% on committed capital and a performance fee of 20% on profits above a certain threshold.
Assuming that the fund has met its threshold and is charging a performance fee, we can calculate the total fees charged by the fund as follows: 2% x $200 million x 4 years = $16 million (management fees) + 20% x ($165 million - $200 million x 2%) = $13.3 million (performance fees). Therefore, the total amount of distributions by the fund by the end of its 4th year is $165 million - $16 million - $13.3 million = $135.7 million.
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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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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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American Campus Communities, Inc. (ACC), Global Net Lease, Inc. (GNL), Jones Lang LaSalle Incorporated (JLL), and Merck & Co., Inc. (MRK). On March 30, 2022, the stock prices at close were: ACC GNL $56.73 $15.65 $243.22 $82.40 JLL MRK The mutual fund held the following numbers of shares in these companies: Shares (million) 2.087 ACC GNL 1.558 JLL 0.748 IMRK 37.950 During the day on March 30, the fund had a net cash inflow of $250 million. How many shares of MRK did the index fund manager have to purchase in order to maintain a portfolio with the same portfolio weights as at the start of the day? You should assume that the fund manager invests all net inflows in securities at market close prices on March 30. She holds no cash balance. (Submit your answer as millions of shares and report three decimal points. For instance, if the fund manager purchased 1,342,745.7 shares, enter 1342746.)
Answer:
the mutual fund manager needs to purchase 42.15 million shares of GNL, 1.14 million shares of JLL, and sell 21.87 million shares of MRK to maintain the same portfolio weights. The answer is -21.87 million shares of MRK, or -0.577 million shares when rounded to three decimal points.
Explanation:
To maintain the same portfolio weights, the mutual fund manager needs to purchase additional shares of GNL, JLL, and MRK, as ACC is already at the target weight of 0.25.
First, we need to calculate the total value of the fund's holdings at market close:
ACC: 2.087 million shares * $56.73 = $118.32 million
GNL: 1.558 million shares * $15.65 = $24.39 million
JLL: 0.748 million shares * $243.22 = $182.05 million
MRK: 37.950 million shares * $82.40 = $3,126.18 million
Total value = $3,450.94 million
Next, we need to calculate the target value of each holding based on the target weights:
ACC: 0.25 * $3,450.94 million = $862.74 million
GNL: 0.20 * $3,450.94 million = $690.19 million
JLL: 0.15 * $3,450.94 million = $517.62 million
MRK: 0.40 * $3,450.94 million = $1,380.40 million
Now we can calculate how many shares of GNL, JLL, and MRK the fund manager needs to purchase to reach the target values:
GNL: ($690.19 million - $24.39 million) / $15.65 = 42.15 million shares
JLL: ($517.62 million - $182.05 million) / $243.22 = 1.14 million shares
MRK: ($1,380.40 million - $3,126.18 million) / $82.40 = -21.87 million shares
The negative number for MRK means that the fund manager needs to sell shares of MRK in order to maintain the same portfolio weights. Specifically, the manager needs to sell 21.87 million shares of MRK.
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cutter enterprises purchased equipment for $81,000 on january 1, 2018. the equipment is expected to have a five-year life and a residual value of $4,500. using the double-declining balance method, depreciation for 2019 would be
The depreciation for the equipment using the double-declining balance method in 2019 is $19,440.
How to calculate the depreciationCutter Enterprises purchased equipment for $81,000 on January 1, 2018.
With an expected five-year life and a residual value of $4,500, we can calculate the depreciation for 2019 using the double-declining balance method.
First, we need to determine the straight-line depreciation rate: (1 / 5-year life) = 20%.
Since we're using the double-declining balance method, we'll double the rate: 20% x 2 = 40%.
For 2018, depreciation is:
$81,000 x 40% = $32,400.
Next, we'll subtract the 2018 depreciation from the initial cost to get the book value at the beginning of 2019:
$81,000 - $32,400 = $48,600.
Now, we can calculate the depreciation for 2019: $48,600 x 40% = $19,440.
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