If the market requires an annual return of 6% on the bond, the bond price should be $783.74
The bond price can be calculated using the present value formula for a bond, which is:
PV = C * [(1 - (1 + r)^(-n)) / r] + FV * (1 + r)^(-n)
Where PV is the present value or bond price, C is the coupon payment, r is the required rate of return, n is the number of periods, and FV is the face value of the bond. In this case, the coupon payment is $1,000 * 5% / 2 = $25, the required rate of return is 6% / 2 = 3% per period, and the number of periods is 20 * 2 = 40.
Plugging these values into the formula, we get:
PV = $25 * [(1 - (1 + 0.03)^(-40)) / 0.03] + $1,000 * (1 + 0.03)^(-40)PV
= $25 * 19.0856 + $1,000 * 0.3066PV
= $477.14 + $306.60PV
= $783.74
Therefore, the bond price should be $783.74.
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Mary is unmarried with no dependents. She had 2021 taxable income of $45,000 which included $16,000 of 0%/15%/20% net long-term capital gain. What is her tax on taxable income using the alternative tax on net long-term capital gain method?
Mary's tax on taxable income using the alternative tax on net long-term capital gain method is $7,593.50.
Mary's tax on taxable income using the alternative tax on net long-term capital gain method can be calculated as follows:
1. First, we need to calculate her tax on ordinary income. Since she had a taxable income of $45,000, her tax on ordinary income will be:
$987.50 + (0.12 × ($45,000 - $9,950)) = $987.50 + (0.12 × $35,050) = $987.50 + $4,206 = $5,193.50
2. Next, we need to calculate her tax on net long-term capital gain. Since she had a net long-term capital gain of $16,000, her tax on net long-term capital gain will be:
$0 + (0.15 × ($16,000 - $0)) = $0 + (0.15 × $16,000) = $0 + $2,400 = $2,400
3. Finally, we need to add her tax on ordinary income and her tax on net long-term capital gain to get her total tax on taxable income:
$5,193.50 + $2,400 = $7,593.50
Therefore, Mary's tax on taxable income using the alternative tax on net long-term capital gain method is $7,593.50.
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20X1 Comparative Balance Sheet Liabilities & Stockholders' 20X0 Equity Stockholders' equity: Common stock 428.800 20X1 20X0 473,800 150,000 150,000 Assets Fixed assets: Property, plant and equipment Less accumulated depreciation Net property, plant and equipment (50,800) (45,800) Retained earnings 223,000 200,000 423,000 373,000 350,000 term 423,000 Total stockholders' 383.000 equity Long 383,000 liabilities: Long-term debt Total long-term 18,000 liabilities Current liabilities: 15,000 120,000 80,000 21,000 120,000 Total fixed assets Current assets: Cash and cash equivalents Short-term investments Accounts receivables Inventories Total current assets 80,000 18,000 85,000 80,000 122,000 12,000 110,000 11,000 204,000 75,000 Accounts payable 60,000 Income tax payables Total current 168,000 liabilities Total liabilities Total liabilities & 551,000 stockholders' equity 134,000 254,000 121,000 201,000 Total assets 627,000 627,000 551,000 Comparative Income Statement 20X1 Sales 500,000 Cost of goods (315,000) Gross margin 185,000 Selling expenses (60,000) General and administrative expenses (60,800) Net operating income 64,200 Interest expenses (7,500) Income before taxes 56,700 Tax expenses (20,000) Net income 36,700 20X0 420,000 (254,000) 166,000 (65,000) (49,800) 51,200 (6,500) 44,700 (15,000) 29,700
After deducting taxes of 20,000, the net income was 36,700.
The 20X1 Comparative Balance Sheet and the 20X1 Income Statement show the following:
- Liabilities: The total liabilities in 20X1 was 551,000, which included 18,000 in long-term debt and 168,000 in current liabilities (accounts payable of 60,000 and income tax payables of 120,000).
- Stockholders' Equity: The total stockholders' equity in 20X1 was 383,000, which was composed of common stock of 428,800, retained earnings of 223,000 and a total of 150,000 from 20X0.
- Assets: The total assets in 20X1 was 627,000, which included fixed assets (property, plant, and equipment of 423,000) and current assets (cash and cash equivalents of 80,000, short-term investments of 85,000, accounts receivables of 110,000 and inventories of 11,000).
- Income Statement: The net income in 20X1 was 36,700 which was derived from sales of 500,000, cost of goods of 315,000, gross margin of 185,000, selling expenses of 60,000, general and administrative expenses of 60,800, and interest expenses of 7,500.
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Question (35 points): Subprime mortgage market crisis (maximum 500 words)
Discuss the adverse selection and moral hazard problems using the U.S. subprime mortgage market crisis as an example.
Question (35 points): Banking (maximum 500 words)
According to modern banking theory, banking functions can be classified in four main categories:
Liquidity and money services
Asset transformation
Managing risk
Processing information and monitoring borrowers.
In your own words, using the material and concepts covered in this class, explain how banks perform each one of these functions. Hint: start by defining each function.
Answer:
Question 1: Subprime mortgage market crisis
The subprime mortgage market crisis in the United States was a financial catastrophe that led to a global recession. The crisis involved the collapse of the housing market and the rising default rates in the subprime mortgage sector. The root causes of the crisis can be attributed to adverse selection and moral hazard problems.
Adverse selection occurs when one party in a transaction has more information than the other party. In the context of subprime mortgage lending, banks were providing loans to borrowers with poor credit histories, limited incomes, and low credit scores. These borrowers were considered high-risk borrowers, and the banks were willing to lend to them because they believed they could make a profit. However, the banks did not have complete information about the borrowers' ability to repay the loan. The borrowers, on the other hand, knew that they were not financially stable and could default on the loan. Therefore, the banks were selecting the borrowers who were more likely to default, and this led to a higher default rate.
Moral hazard occurs when one party in a transaction takes risks that the other party did not intend or agree to. In the subprime mortgage market, banks created incentives for the borrowers to default on their loans. The banks sold these subprime mortgages to other financial institutions, and the borrowers were not held accountable for the default. This led to a moral hazard problem whereby the borrowers were taking advantage of the system and not being penalized for their actions.
Question 2: Banking
Liquidity and money services: Banks perform the function of liquidity and money services by providing deposit accounts, ATMs, and wire transfers. These services provide customers with access to their money and increase the liquidity of the bank. The bank can use the deposits to make loans and other investments, which generate income for the bank.
Asset transformation: Banks take in deposits from customers, pay them interest, and then use the funds to make loans to borrowers. This process is known as asset transformation. By transforming their liability (deposits) into assets (loans), banks can earn a profit. Banks also engage in asset transformation by buying and selling securities to manage their portfolio's risk.
Managing risk: Banks manage risks associated with loans, investments, and other activities. Banks assess credit risk by evaluating the borrower's financial history, income, and collateral. Banks also face market risk and interest rate risk, and they use derivatives and other financial products to manage these risks.
Processing information and monitoring borrowers: Banks process information about their customers, including their credit history and financial statements. Banks also monitor their borrowers to ensure that they are making timely payments and that they are complying with the loan agreements. Banks use this information to manage their risks and to make informed decisions about lending and other activities.
Question 1: The subprime mortgage market crisis was a result of adverse selection and moral hazard problems. Adverse selection occurs when one party has more information than the other and uses it to their advantage.
In the case of the subprime mortgage market, lenders had more information about the risks of the loans they were giving out and used this information to their advantage by giving out loans to people who were unlikely to be able to pay them back. This led to a large number of defaults and ultimately contributed to the crisis.
Moral hazard occurs when one party takes on more risk because they know that they will not bear the full cost of that risk. In the case of the subprime mortgage market, borrowers took on more risk because they knew that if they were unable to pay back the loans, the lenders would bear the cost. This also contributed to the crisis.
Question 2: Banks perform four main functions: liquidity and money services, asset transformation, managing risk, and processing information and monitoring borrowers. Liquidity and money services involve providing customers with access to their money and facilitating transactions.
Asset transformation involves taking in deposits and using them to make loans, thereby transforming short-term liabilities into long-term assets. Managing risk involves assessing the risks associated with different types of loans and investments and taking steps to mitigate those risks.
Processing information and monitoring borrowers involves gathering information about borrowers and using that information to make lending decisions and monitor the performance of loans. Banks perform these functions in order to provide financial services to their customers and to make a profit.
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Assume all rates are annualized with semi-annual compounding. Please be explicit about how
you derive your results and round to four decimals after the comma.
The 0.5-year zero rate is 7% and the 1-year zero rate is 9%.
What is the dollar duration of:
i. $1 par of a 0.5-year zero?
ii. $1 par of a 1-year zero?
iii. 100 par of a 1-year 10%-coupon bond?
The dollar durations are -0.2449, -0.4799, and -50.4395 for $1 par of a 0.5-year zero, $1 par of a 1-year zero and 100 par of a 1-year 10%-coupon bond, respectively.
The dollar duration of a bond is a measure of how much the value of the bond will change for a given change in interest rates. It is calculated by taking the derivative of the bond's price with respect to the interest rate and multiplying by the bond's face value.
i. For a $1 par of a 0.5-year zero, the dollar duration is calculated as follows:
Dollar duration = (dP/dy) * F
= (-0.5 * 1) / (1 + 0.07/2)^2 * 1
= -0.2449
ii. For a $1 par of a 1-year zero, the dollar duration is calculated as follows:
Dollar duration = (dP/dy) * F
= (-1 * 1) / (1 + 0.09/2)^2 * 1
= -0.4799
iii. For 100 par of a 1-year 10%-coupon bond, the dollar duration is calculated as follows:
Dollar duration = (dP/dy) * F
= [(-1 * 100) / (1 + 0.09/2)^2] + [(-0.5 * 10) / (1 + 0.09/2)] * 100
= -47.99 + -2.4495
= -50.4395
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If the Market return is 8% with standard deviation 10%, and the
risk-free rate is 4%, then borrowing 50% to create a leveraged
investment in the Market results in return ___ and risk (standard
deviati
If the Market return is 8% with standard deviation 10%, and the risk-free rate is 4%, then borrowing 50% to create a leveraged investment in the Market results in return 12% and risk (standard deviation) 15%.
Here's how to calculate it:
1. The leveraged return is calculated as follows:
Leveraged return = Market return + (Market return - Risk-free rate) * Leverage ratio
In this case, the leverage ratio is 50%, or 0.5, so the leveraged return is:
Leveraged return = 8% + (8% - 4%) * 0.5 = 12%
2. The leveraged risk (standard deviation) is calculated as follows:
Leveraged risk = Market risk * (1 + Leverage ratio)
In this case, the market risk is 10%, and the leverage ratio is 0.5, so the leveraged risk is:
Leveraged risk = 10% * (1 + 0.5) = 15%
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Describe the similarities and differences between Total Quality Management (TQM) and Six Sigma quality-management techniques. Please provide a reference.
The key similarities between TQM (Total Quality Management) and Six Sigma include focus on continuous improvement and use of data and statistical analysis. The key differences are in the focus and methodology used in both the approaches.
Total Quality Management (TQM) and Six Sigma are both quality-management techniques that aim to improve organizational performance and customer satisfaction.
Similarities between TQM and Six Sigma include:
1. Both focus on continuous improvement and the elimination of defects and error.
2. Both involve the use of data and statistical analysis to identify areas for improvement.
3. Both emphasize the importance of employee involvement and training.
Differences between TQM and Six Sigma include:
1. TQM is a more holistic approach that focuses on improving all aspects of an organization, while Six Sigma is more focused on specific processes and reducing variability
2. TQM typically involves a wider range of tools and techniques, while Six Sigma relies heavily on statistical analysis
3. Six Sigma uses a structured methodology known as DMAIC (Define, Measure, Analyze, Improve, Control) to guide improvement efforts, while TQM does not have a specific methodology
Reference:
Evans, J. R., & Lindsay, W. M. (2017). Managing for Quality and Performance Excellence (10th ed.). Boston, MA: Cengage Learning.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
The company’s profits have increased by ~30% from 2002 to 2006(E). How much of the profits estimated for the year 2006(E) will translate to the 'cash flow from operations' for the same year? Which of the three categories in the cash flow statement has contributed majorly to the decrease in the 'change in cash' by the company from 2003 to 2006(E)?
Answer:
$226,000
Explanation:
This refers to Ceres Gardening case study
Ahmad works as a technician for Jubail Manufacturing, and is a poor performer. The General Manager wants to terminate his contract immediately. Is this possible? What procedure should be followed, according to the Saudi Labor Law ?
According to Saudi Labor Law, it is possible for the General Manager of Jubail Manufacturing to terminate Ahmad's contract immediately if he is a poor performer. However, there is a specific procedure that must be followed in order to do so legally.
First, General Manager must provide Ahmad with a written warning stating the reasons for his poor performance and giving him a specific period of time to improve. This period of time must be at least 30 days.
If Ahmad's performance does not improve during this period of time, General Manager may then issue a second written warning, again stating the reasons for his poor performance and giving him another specific period of time to improve. This second period of time must also be at least 30 days.
If Ahmad's performance still does not improve after the second warning, General Manager may then terminate his contract immediately. However, it is important to note that General Manager must provide Ahmad with a written notice of termination, stating the reasons for his termination and the date on which his contract will be terminated.
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Analyze the type of jobs that are suitable for differentHollands personality types. OR How would youutilize social learning theory while shaping your employeesbehaviour at work?
For Holland's personality types, jobs that are suitable for each type would depend on the individual's interests, aptitudes, and abilities.
Realistic (R) types are best suited for careers in engineering, construction, and other physical labor jobs; Investigative (I) types may be more interested in fields like scientific research, engineering, or computer programming; Artistic (A) types may be drawn to the fields of music, art, writing, or design; Social (S) types often do well in social services, counseling, or teaching; Enterprising (E) types might be successful in sales, marketing, or business; and Conventional (C) types are well-suited to roles in office and administrative support.
When utilizing social learning theory to shape employees' behaviour at work, it is important to focus on rewards, incentives, and positive reinforcement. By rewarding desirable behaviour and reinforcing it through verbal and non-verbal communication, employees can be encouraged to engage in those behaviours more often. Additionally, it is important to provide employees with an understanding of why they should engage in certain behaviours, as this will create an internal motivation to act in a certain way.
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Total Quality Management (TQM) is a management approach to long-term success through customer satisfaction. Quality management is a discipline for ensuring that outputs, benefits, and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose. a) Identify the disadvantages of TQM on employees related to the training duration, the negative effect of cost and the current system. (5 marks) (CLO5:PLO8:C2) b) Identify the main different between Quality Control and Quality Assurances in Quality Management. Give TWO (2) examples each of Quality Control activities and Quality Assurances activities. (5 marks)
a) There are several disadvantages of TQM on employees, like training duration, negative effect on cost, etc. b)Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
1. Training Duration: Implementing TQM requires a significant amount of training for employees, which can be time-consuming and disruptive to their regular work schedules.
2. Negative Effect on Cost: While TQM can ultimately lead to cost savings in the long run, the initial implementation and training can be expensive and may negatively affect the company's bottom line in the short term.
3. Current System: TQM requires a significant shift in the way that a company operates, and this can be difficult for employees who are used to the current system. This can lead to resistance and a lack of buy-in from employees, which can hinder the success of TQM.
b) Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
Quality Control is focused on identifying and correcting defects in products or services before they are delivered to customers. QC activities include inspecting products, testing samples, and monitoring production processes.
Quality Assurance, on the other hand, is focused on ensuring that the processes used to create products or services are consistent and meet quality standards. QA activities include auditing processes, reviewing documentation, and conducting training.
Examples of Quality Control activities include:
- Inspecting products for defects before they are shipped to customers
- Testing samples of products to ensure they meet quality standards
Examples of Quality Assurance activities include:
- Conducting audits of production processes to ensure they are consistent and meet quality standards
- Reviewing documentation to ensure it is accurate and complete
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An impairment of an identifiable intangible asset
arises when its carrying amount
exceeds the:
Expected future net cash
flows.
Present value of the
expected future net cash flows.
Asset's fair value.
An impairment of an identifiable intangible asset arises when its carrying amount exceeds the asset's fair value. This means that the value of the asset on the company's balance sheet is greater than the amount that the company could reasonably expect to receive if it were to sell the asset.
In order to determine whether an intangible asset is impaired, a company must compare the carrying amount of the asset to its fair value. If the carrying amount is greater than the fair value, then the asset is considered to be impaired and the company must record an impairment loss.
The impairment loss is calculated as the difference between the carrying amount and the fair value of the asset. This loss is recorded on the company's income statement and reduces the value of the asset on the balance sheet.
It is important to note that an impairment loss is only recognized when the carrying amount of the asset exceeds its fair value. If the carrying amount is less than the fair value, then there is no impairment and no loss is recorded.
In conclusion, an impairment of an identifiable intangible asset arises when its carrying amount exceeds the asset's fair value. This requires the company to record an impairment loss, which reduces the value of the asset on the balance sheet and is recognized as an expense on the income statement.
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eBook Problem Walk-Through Parramore Corp has $14 million of sales, $3 million of inventories, $3 million of receivables, and $1.5 million of payables. Its cost of goods sold is 65% of sales, and it finances working capital with bank loans at an 8% rate. Assume 365 days in year for your calculations.
What is Parramore's cash conversion cycle (CCC)? Do not round intermediate calculations. Round your answer to two decimal places. days
If Parramore could lower its inventories and receivables by 7% each and increase its payables by 7%, all without affecting sales or cost of goods sold, what would be the new CCC? Do not round intermediate calculations. Round your answer to two decimal places. days
How much cash would be freed up, if Parramore could lower its inventories and receivables by 7% each and increase its payables by 7%, all without affecting sales or cost of goods sold? Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. $
By how much would pretax profits change, if Parramore could lower its inventories and receivables by 7% each and increase its payables by 7%, all without affecting sales or cost of goods sold? Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.
Parramore's cash conversion cycle is 118.6 days. Parramore new cash conversion cycle is 104.65 days. The cash that would be freed up is $251,433. The pretax profits would be $1,115.60.
The cash conversion cycle (CCC) is a measure of how quickly a company can convert its inventory into cash. It is calculated as the sum of the days sales outstanding (DSO), days inventory outstanding (DIO), and days payables outstanding (DPO).
To calculate the CCC for Parramore Corp, we first need to calculate the DSO, DIO, and DPO.
DSO = (Receivables / Sales) * 365 = (3 / 14) * 365 = 78.21 days
DIO = (Inventories / Cost of Goods Sold) * 365 = (3 / (0.65 * 14)) * 365 = 80.77 days
DPO = (Payables / Cost of Goods Sold) * 365 = (1.5 / (0.65 * 14)) * 365 = 40.38 days
CCC = DSO + DIO - DPO = 78.21 + 80.77 - 40.38 = 118.6 days
If Parramore could lower its inventories and receivables by 7% each and increase its payables by 7%, the new CCC would be:
New DSO = (0.93 * 3 / 14) * 365 = 72.74 days
New DIO = (0.93 * 3 / (0.65 * 14)) * 365 = 75.12 days
New DPO = (1.07 * 1.5 / (0.65 * 14)) * 365 = 43.21 days
New CCC = 72.74 + 75.12 - 43.21 = 104.65 days
The amount of cash freed up would be the difference between the old and new CCC multiplied by the cost of goods sold:
Cash freed up = (118.6 - 104.65) * (0.65 * 14) = $251,433
The change in pretax profits would be the difference between the old and new CCC multiplied by the bank loan rate:
Change in pretax profits = (118.6 - 104.65) * 0.08 = $1,115.60
Therefore, the new CCC would be 104.65 days, the amount of cash freed up would be $251,433, and the change in pretax profits would be $1,115.60.
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If a
zero-coupon bond does not pay interest (coupon) each year, why do
investors buy it? Also, describe with examples, the major risks
Bonds are exposed to.
Zero-coupon bonds are attractive to investors because they are generally sold at a deep discount from their face value. This means that investors receive more money than they put in when the bond matures. Investors also benefit from the potential to defer taxation of any interest earned until the bond matures.
Examples of risks that bonds are exposed to include default risk, interest rate risk, and liquidity risk.
A zero-coupon bond does not pay interest each year, but instead, it is sold at a discount from its face value and pays the full face value at maturity. Investors buy zero-coupon bonds because they can be purchased at a lower price and have the potential for higher returns.
For example, a zero-coupon bond with a face value of $1,000 may be sold for $800. The investor will receive the full $1,000 at maturity, resulting in a $200 profit.
The major risks that bonds are exposed to include:
- Interest rate risk: When interest rates rise, the value of a bond decreases. This is because investors can get a higher return from new bonds with higher interest rates, making the existing bond less attractive.
- Credit risk: This is the risk that the issuer of the bond will default on their payments, resulting in a loss for the investor.
- Inflation risk: If inflation increases, the purchasing power of the bond's interest payments and principal will decrease, resulting in a lower return for the investor.
- Liquidity risk: This is the risk that the investor will not be able to sell the bond easily or at a fair price.
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Assignment InstructionsWrite a targeted cover letter and a resume for either a dream job or a job posting you have found that would be suitable. For the assignment, you will conduct research on the target company, and analyze your own knowledge, skills and abilities according to the position for which you are applying.DRAFT COPY: Ensure your resume and cover letter is saved in pdf form as you will be sharing with your instructor and classmates in an activity.FINAL: FINAL RESUME AND COVER LETTER MUST BE SUBMITTED as a pdf and uploaded onto DROPBOX by the due date.Cover LetterWrite a cover letter for a position (maximum 1 page). Please follow business letter formatting, as indicated below. Use the job advertisement or position description to target your letter specifically to a company and position. For your letter, also design a professional-looking letterhead.Cover Letter formatCover Letter structureGrading Criteria – 15 pts1" margins (or as close as possible)Full-block styleSingle spaced with a space between paragraphsArial or Times New Roman font, 11 or 12 pt (except for your letterhead)Printed/Published as a pdfYour name and address (letterhead)DateName, title, and address of recipientSalutationReference lineIntroductory paragraphBody of letterConclusion (asking for a next step/interview)Complimentary close ("Sincerely," followed by 3 blank lines)Signature and typed name, include your title - Administrative Professional or Administrative AssistantLetter format (5)Content & effectiveness of the letter (5)Grammar and punctuation, error-free (5)ResumeIn a maximum of two pages, create a resume appropriate for the specific job for which you are applying. Use the job advertisement and/or position description to target your letter specifically to a company and position.When developing your resume, consider what you want the prospective employer to learn about you in under ten seconds. Do not use more than two distinct fonts – one for headings and one for text. Your resume should contain the following elements:Name and contact information (use the same letterhead design as the cover letter)Profile or Career ObjectiveSkills Summary / Summary of Qualifications – this will appear following your objective/profile and a great way to highlight your skills in the areas of accounting, technical, administrative, business communications, etc.)Education (include program (use proper name), educational institution, dates and locations – for current program, indicate expected graduation date)Work experience (include dates, locations, and descriptions of duties, "power" words, incomplete sentences and parallel construction for lists and bullets)Other relevant sections, such as (note that these sections will depend on the type of resume format used and what is applicable):Accomplishments & AwardsCommunity involvementProfessional associationsResume formatResume structureGrading Criteria – 25 pts1" marginsFull-block styleSingle spaced with a space between paragraphsArial or Times New Roman font, 11 or 12 pt (ensure font matches your cover letter)Printed on quality paper (final copy only)You may choose a structure you feel is most appropriate to your skills/employment history. Use LinkedIn Learning Resource as a guideNote: Do not use resume templates, as they can be difficult to reviseResume format, design and effectiveness of presentation (5)Effectiveness and/or Relevance of information to the position (10)Grammar, spelling, punctuation, parallel construction of lists (5)
It seems like you are looking for help with creating a targeted cover letter and resume for a specific job posting or dream job. Here are some tips to help you with this assignment:
1. Conduct research on the target company: Before you start writing your cover letter and resume, make sure to do some research on the company you are applying to. This will help you tailor your cover letter and resume to the specific job and company.
2. Analyze your own knowledge, skills, and abilities: Take some time to think about what skills and experiences you have that are relevant to the job you are applying for. This will help you highlight these skills and experiences in your cover letter and resume.
3. Follow the cover letter and resume format and structure: Make sure to follow the specific format and structure outlined in the assignment instructions. This includes using the correct margins, font size, and spacing.
4. Use "power" words and parallel construction: When describing your duties and accomplishments in your resume, make sure to use "power" words that show action and achievement. Additionally, use parallel construction for lists and bullets to make your resume easy to read.
5. Proofread for grammar, spelling, and punctuation: Make sure to proofread your cover letter and resume for any grammar, spelling, or punctuation errors. This will help ensure that your documents are error-free and professional-looking.
Overall, make sure to tailor your cover letter and resume to the specific job and company you are applying to, highlight your relevant skills and experiences, and follow the specific format and structure outlined in the assignment instructions. Good luck with your assignment!
Select an e-retailer (non-store retailer) and answer the following questions:1. How would you position the retailer on the Wheel of Retailing? Support your response with evidence.2. Critically evaluate the retailer's consumer communication strategy.3. Recommend an innovative strategy to promote the retailer’s products.
1. The e-retailer can be positioned on the Wheel of Retailing as an Everyday Low Price (EDLP) retailer.
2. The consumer communication strategy of the e-retailer should be evaluated for effectiveness.
3. An innovative strategy to promote the retailer's products could include utilizing influencers to increase visibility of the brand and its products.
This means that they focus on providing customers with consistently low prices across all products, instead of offering discounts or sales on some items. Evidence to support this could include the retailer's online pricing strategy, which should remain consistent and not fluctuate greatly.
This can include measuring the number of customers reached, engagement rates, and customer feedback. Additionally, the types of communication tools used (e.g. emails, social media, etc.) should be assessed to ensure that the most effective channels are being utilized.
This can be done by partnering with popular influencers and leveraging their large following to drive more customers to the retailer's online store. Additionally, utilizing user-generated content on social media can also help to drive sales and increase engagement.
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You wish to retire in 30 years, so you begin a 401K program that contributes $100 into your account weekly at 8.35% interest. (Assume 401K is compounded weekly, ordinary time) 24. How much will you have when you retire? 25. How much did you pay into the annuity? 26. How much interest did you receive over the thirty years?
24. The future value of the 401K account when you retire can be calculated using the formula:
FV = P * [(1 + r/n)^(n*t) - 1] / (r/n), where P is the weekly payment, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
Plugging in the given values, we get:
FV = 100 * [(1 + 0.0835/52)^(52*30) - 1] / (0.0835/52)
FV = 100 * [(1.0016038)^1560 - 1] / 0.0016038
FV = 100 * 10.6433 / 0.0016038
FV = $666,198.51
So, you will have $666,198.51 when you retire.
25. The amount you paid into the annuity is simply the weekly payment multiplied by the number of weeks in 30 years:
P = 100 * 52 * 30
P = $156,000
So, you paid $156,000 into the annuity
26. The amount of interest you received over the thirty years is the difference between the future value and the amount you paid into the annuity:
I = FV - P
I = $666,198.51 - $156,000
I = $510,198.51
So, you received $510,198.51 in interest over the thirty years.
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Case: Pharmacy Service Improvement at CVS(A)
1. Explain the value chain of the industry in which CVS works.
2. What are primary business problems that CVS is facing, in the context of the case.
3. Explain the causes for the business problems facing CVS.
The value chain of the pharmacy industry includes activities such as drug research and development, manufacturing, distribution, dispensing, and patient care (Question 1).
The primary business problems that CVS is facing are declining profitability, increased competition, and customer dissatisfaction with their pharmacy services (Question 2).
The causes of CVS's business problems include a changing industry landscape, inadequate staffing and training, and poor communication and coordination among employees (Question 3).
The Explanation for Each Answer(1) The pharmacy industry value chain starts with drug research and development, followed by manufacturing and distribution of drugs to wholesalers, then dispensing of drugs to patients through pharmacies, and finally patient care services. Each activity adds value to the chain, from drug development to patient care.Learn more about Cvs pharmacy https://brainly.com/question/5230836
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Discuss the following topic(s).
1.Discuss the proper plaintiff rule.
2.Discuss the differences between the Companies Act 1965
and the Companies Act 2016
The proper plaintiff rule is a legal principle that requires the person who is bringing a lawsuit to have a legitimate interest in the outcome of the case and The Companies Act 1965 and the Companies Act 2016 are both pieces of legislation that govern the operation in Malaysia.
1. The proper plaintiff rule is a legal principle that requires the person who is bringing a lawsuit to have a legitimate interest in the outcome of the case. This means that the person must have suffered an injury or harm as a result of the defendant's actions.
The purpose of this rule is to ensure that only those with a genuine stake in the outcome of a case are allowed to bring a lawsuit. Without the proper plaintiff rule, individuals could bring frivolous lawsuits without any real interest in the outcome, potentially wasting the court's time and resources.
2. The Companies Act 1965 and the Companies Act 2016 are both pieces of legislation that govern the operation of companies in Malaysia. However, there are several key differences between the two.
The Companies Act 2016 includes new provisions that allow for the incorporation of a company with a single shareholder and a single director, whereas the Companies Act 1965 required at least two shareholders and two directors.
3. The Companies Act 2016 also includes new provisions for the protection of minority shareholders and the regulation of corporate rescue mechanisms. Additionally, the Companies Act 2016 includes new provisions for the simplification of company incorporation and the streamlining of company administration. Overall, the Companies Act 2016 is designed to modernize the regulation of companies in Malaysia and make it easier for companies to do business.
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A detailed work would really help.
Part 1: Opportunities & Risks: what opportunities and risks the company is facing/will face the CVS Health Corp. in the near future.
Part 2: Environmental, Social, and Governance (ESG) Factors
Discuss whether and how the CVS Health Corp incorporates ESG factors in its operations. ESG factors cover a wide range of topics from carbon footprint to companies being indicted in an accounting scandal. We can talk about the stuff they are doing in terms of its EGS initiatives and the negative things (if any) the company has been involved in such as an accounting scandal, corruption scandal, and significant environmental damage.
Part 3: Macroeconomic Environment
Evaluate the overall macroeconomic environment for the U.S. and the global economy and provide arguments (for or against) investing in CVS Health Corp in the current economic environment. discuss the current state of the economy, the challenges, and the opportunities for the US economy. Most importantly, how does the current macroeconomic environment affect CVS Health Corp. and its potential as an investment opportunity for a Student Managed Investment Fund (SMIF)?
The CVS Health Corp. is facing a variety of opportunities and risks in the near future.
In terms of opportunities, the company has been investing heavily in technological advances and in leveraging its position as a health care provider, to expand its services and products. It has also invested in research and development and its pharmacy benefit management business has been growing.
The CVS Health Corp. has taken a number of steps to incorporate Environmental, Social, and Governance (ESG) factors into its operations. The company has committed to carbon neutrality by 2050, increased transparency in supply chain operations, and made commitments to reducing plastic waste.
The macroeconomic environment in the United States and the global economy is currently facing several challenges, such as low interest rates, slow economic growth, and rising debt levels.
These factors may have an impact on the CVS Health Corp. and its potential as an investment opportunity for a Student Managed Investment Fund (SMIF).
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A bond with a remaining maturity of 5 years pays a coupon of 8%.
If the face (par) value of the bond is £1000 and the yield on
similar bonds is 10%, what is the duration for this bond?？
The duration of a bond is a measure of the bond's sensitivity to changes in interest rates. The duration for this bond 4.37 years.
To calculate the duration of this bond, we need to calculate the present value of each cash flow and then calculate the weighted average of the time to receive them. The formula for the present value of a cash flow is:
PV = C / (1 + r) ^ t
Where C is the cash flow, r is the yield, and t is the time to receive the cash flow.
The bond pays a coupon of 8% on a face value of £1000, which is £80 per year. The bond has a remaining maturity of 5 years, so the cash flows are:
Year 1: £80
Year 2: £80
Year 3: £80
Year 4: £80
Year 5: £1080 (the final coupon payment plus the face value)
The yield on similar bonds is 10%, so we can use this as the discount rate to calculate the present values of the cash flows:
PV1 = 80 / (1 + 0.10) ^ 1 = 72.73
PV2 = 80 / (1 + 0.10) ^ 2 = 66.12
PV3 = 80 / (1 + 0.10) ^ 3 = 60.11
PV4 = 80 / (1 + 0.10) ^ 4 = 54.64
PV5 = 1080 / (1 + 0.10) ^ 5 = 666.34
The total present value of the bond is the sum of the present values of the cash flows:
PV = 72.73 + 66.12 + 60.11 + 54.64 + 666.34 = 919.94
The duration of the bond is the weighted average of the time to receive the cash flows, where the weights are the present values of the cash flows:
Duration = (1 * 72.73 + 2 * 66.12 + 3 * 60.11 + 4 * 54.64 + 5 * 666.34) / 919.94 = 4.37
Therefore, the duration of this bond is 4.37 years.
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What is an example how the futures contract you’re following could be used for hedging purposes if I was following TSLA future contract
Call
TSLA221216C00750000
TSLA Dec 2022 750.000 call
PUT
TSLA221216P00800000
TSLA Dec 2022 800.000 put
If you were following a TSLA future contract, one example of how it could be used for hedging purposes would be to buy a call option and a put option at different strike prices.
A futures contract is an agreement between two parties to buy or sell an asset at a predetermined future date and price. One of the main uses of futures contracts is for hedging purposes, which is the practice of reducing risk exposure by taking an offsetting position in a related asset or market.
If you were following a TSLA future contract, one example of how it could be used for hedging purposes would be to buy a call option and a put option at different strike prices. The call option (TSLA221216C00750000) gives you the right to buy TSLA stock at a predetermined price of $750.00 on or before December 16, 2022. The put option (TSLA221216P00800000) gives you the right to sell TSLA stock at a predetermined price of $800.00 on or before December 16, 2022.
By buying both the call and put options, you are hedging against the possibility of the stock price moving significantly in either direction. If the stock price rises above $800.00, you can exercise the call option and buy the stock at a lower price, while if the stock price falls below $750.00, you can exercise the put option and sell the stock at a higher price. This strategy, known as a straddle, allows you to limit your risk exposure and potentially profit from large price movements in either direction.
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Zane works out in the ocean installing huge wind turbines to provide the coastal communities with clean energy. The Energy cluster pathway that Zane works in is _____.
Answer: energy and power technology.
Explanation: trust me i took the quiz
Zane works out in the ocean installing huge wind turbines to provide the coastal communities with clean energy. The Energy cluster pathway that Zane works in is energy and power technology.
What is energy?The phrase energy means the ability to accomplish work, which is the ability to apply a force that causes an item to move. Potential energy and kinetic energy are the two forms of energy. Each form can be converted or altered to another. Energy is what causes things to alter and move.
Zane is employed by the Energy cluster program, which trains students for employment in energy planning, generation, planning, maintenance, and distribution. Students are prepared for employment in the energy sector, especially those involving renewable energy sources like wind turbines, through the Energy Career Cluster.
As a result, the significance of the Energy cluster pathway that Zane works are the aforementioned.
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2. Why are top-level managers important to large corporations?
Answer:
Top-level managers are crucial to the success of large corporations
Explanation:
because they are responsible for making strategic decisions that shape the direction and operations of the entire organization. Here are some reasons why top-level managers are important to large corporations:
1. They set the overall direction: Top-level managers set the vision and mission of the company, which helps to guide the decision-making process at all levels of the organization. They are responsible for setting strategic goals and developing plans to achieve them.
2. They allocate resources: Top-level managers are responsible for allocating resources such as funds, personnel, and technology to various departments and projects within the organization. They must balance the needs of different departments and ensure that resources are being used effectively.
3. They make key decisions: Top-level managers make key decisions that affect the entire organization. These decisions can include things like mergers and acquisitions, major investments, and changes in company structure or strategy.
4. They manage risk: Top-level managers are responsible for identifying and managing risks that could impact the organization. They must be able to evaluate risks and make decisions that minimize potential negative impacts.
5. They provide leadership: Top-level managers are leaders within the organization and are responsible for inspiring and motivating employees to achieve the company's goals. They must be able to communicate effectively and build strong relationships with employees at all levels of the organization.
Overall, top-level managers play a critical role in the success of large corporations. They are responsible for setting the direction of the organization, allocating resources, making key decisions, managing risk, and providing leadership. Without effective top-level management, large corporations can struggle to achieve their goals and remain competitive in their respective industries.
B) Alternative Dispute Resolution (ADR) open-ended questions
What is the role of ADR in the Business landscape?
Has there been any preference in the Business world for any particular modality of ADR? What are the reasons behind such inclination?
How can ADR shape relationships between businesses, workers and employers within businesses, and businesses and their consumers?
What is the future of ADR in the Business landscape?
The role of Alternative Dispute Resolution (ADR) in the business landscape is to provide an alternative way of resolving disputes outside of the traditional court system. ADR can help businesses resolve disputes more quickly and cost-effectively, which can help maintain business relationships and prevent disruptions to business operations. ADR can also help businesses avoid the uncertainty and potential negative publicity that can come with litigation.
In the business world, there has been a preference for arbitration as a modality of ADR. This is because arbitration is generally faster and less expensive than litigation, and it allows businesses to choose an arbitrator with expertise in the relevant area of law. Additionally, arbitration proceedings are generally confidential, which can help protect business interests and reputations.
ADR can shape relationships between businesses, workers and employers within businesses, and businesses and their consumers by providing a less adversarial and more collaborative way of resolving disputes.
This can help maintain positive relationships and prevent disputes from escalating into costly and time-consuming litigation. ADR can also help businesses and consumers resolve disputes in a way that is more satisfactory to both parties, which can help maintain customer loyalty and prevent negative publicity.
The future of ADR in the business landscape is likely to continue to grow as businesses increasingly recognize the benefits of ADR and seek to avoid the costs and risks of litigation. ADR is also likely to become more accessible and user-friendly, with the increasing use of technology and online dispute resolution platforms. This will make ADR an even more attractive option for businesses looking to resolve disputes quickly and cost-effectively.
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Your firm has a project opportunity with the following cash flows: -$1,200,000 in Year 0, $150,000 in Year 1, $295,000 in Year 2, $875,000 in Year 3, and $390,000 in Year 4. Your ACC is 12%. What would be the discounted payback period of this project assuming that cash flows from Years 1 to 4 are received equally throughout the year? A) 2.31 years B) 3.27 years C) 3.84 years D) 4.18 years
The discounted payback period of this project is 3.85 years, which is closest to option B) 3.27 years. The correct answer is B) 3.27 years.
To find the discounted payback period of this project, we need to calculate the present value of the cash flows for each year using the ACC of 12%. Then, we need to find the year in which the cumulative present value of the cash flows becomes positive.
Here are the steps:
1. Calculate the present value of the cash flows for each year:
Year 0: -$1,200,000 / (1 + 0.12)^0 = -$1,200,000
Year 1: $150,000 / (1 + 0.12)^1 = $133,929
Year 2: $295,000 / (1 + 0.12)^2 = $235,223
Year 3: $875,000 / (1 + 0.12)^3 = $619,835
Year 4: $390,000 / (1 + 0.12)^4 = $248,158
2. Find the cumulative present value of the cash flows:
Year 0: -$1,200,000
Year 1: -$1,200,000 + $133,929 = -$1,066,071
Year 2: -$1,066,071 + $235,223 = -$830,848
Year 3: -$830,848 + $619,835 = -$211,013
Year 4: -$211,013 + $248,158 = $37,145
3. Find the year in which the cumulative present value of the cash flows becomes positive:
The cumulative present value of the cash flows becomes positive in Year 4. However, since the cash flows are received equally throughout the year, we need to find the fraction of the year in which the cumulative present value becomes positive.
To do this, we can use the formula:
Fraction of the year = (Cumulative present value at the beginning of the year) / (Present value of the cash flow for the year)
Fraction of the year = (-$211,013) / ($248,158) = 0.85
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You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is 6.7%, your loan payments are $651 per month, and you have 36 months left on your loan. If you pay an additional $1,000 with your next regular $651 payment (due in one month), how much will it reduce the amount of time left to pay off your loan? (Note: Be careful not to round any intermediate steps less than 6 decimal places.)
An additional $1,000 with your next regular $651 payment, it will reduce the amount of time left to pay off your loan by 3 months.
To find out how much the additional $1,000 payment will reduce the amount of time left to pay off your loan, you need to use the following formula:
P = L[(r(1 + r)^n)/((1 + r)^n - 1)]
Where P is the monthly payment, L is the loan amount, r is the interest rate, and n is the number of months left on the loan.
First, you need to find out what the loan amount is.
L = P[((1 + r)^n - 1)/(r(1 + r)^n)]
L = $651[((1 + 0.067)^36 - 1)/(0.067(1 + 0.067)^36)]
L = $18,965.32
Next, you need to subtract the additional $1,000 payment from the loan amount:
L = $18,965.32 - $1,000
L = $17,965.32
Now you can plug this new loan amount back into the formula and solve for n:
$651 = $17,965.32[(0.067(1 + 0.067)^n)/((1 + 0.067)^n - 1)]
Rearrange the formula to isolate n:
((1 + 0.067)^n - 1)/(0.067(1 + 0.067)^n) = $17,965.32/$651
((1 + 0.067)^n - 1)/(0.067(1 + 0.067)^n) = 27.59
n = 32.85
Round up to the nearest whole number:
n = 33
So if you pay an additional $1,000 with your next regular $651 payment, it will reduce the amount of time left to pay off your loan by 3 months (36 - 33 = 3).
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If an insurance company is thinking of providing insurance policy to travellers and estimates that 30 million passengers will buy the insurance where they will pay 25 taka for each trip. The company will earn 6% interest for six months by depositing the premium and the underwriting costs will be 2 million taka. If the dead passengers are given 1 million taka each and injured are 1/4 million taka and there are 320 travelers died and 550 injured then how much will be the profit or loss of the insurance company?
If the dead passengers are given 1 million taka each and injured are 1/4 million taka and there are 320 travelers died and 550 injured the insurance company will have a profit of 1.375 million taka.
The insurance company will make a profit or loss can be calculated as follows:
Total costs: 2 million + 320 million + 137.5 million = 459.5 million taka
Profit/Loss: 750 million + 45 million - 459.5 million = 1.375 million taka
Therefore, the insurance company will have a profit of 1.375 million taka
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Illustration: Crivitz TV Company purchases three identical 50inch TVs on different dates at costs of $700, $750, and $800. During the year Crivitz sold two sets at $1,200 each. These facts are summarized below.
purchases
February 3 1TV at 700
March 5 1TV at 750
may 22 1TV at 800
sales
June 1 2Tv for 2400(1200×2)
calculate COGS and GOEI under specific identification method .
explain your answer.
Under the specific identification method, the cost of goods sold (COGS) and gross profit (GOEI) are calculated based on the specific cost of the items sold. In this case, Crivitz TV Company sold two sets at $1,200 each, for a total of $2,400 in sales. To calculate COGS and GOEI, we need to know the specific cost of the two sets that were sold.
If we assume that the sets sold were the ones purchased on February 3 and March 5, then the COGS would be $700 + $750 = $1,450. The GOEI would be the difference between the sales and the COGS, or $2,400 - $1,450 = $950.
Alternatively, if we assume that the sets sold were the ones purchased on March 5 and May 22, then the COGS would be $750 + $800 = $1,550. The GOEI would be the difference between the sales and the COGS, or $2,400 - $1,550 = $850.
In conclusion, the COGS and GOEI under the specific identification method will depend on the specific cost of the items sold. In this case, the COGS could be either $1,450 or $1,550, and the GOEI could be either $950 or $850, depending on which sets were sold.
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What minimum amount of money earning 2.5% compounded semiannually will sustain withdrawals of $1000 at the end of every month for 12 years?
Do not copy from and give a complete answer with an explanation
The minimum amount of money earning 2.5% compounded semiannually will sustain withdrawals of $1000 at the end of every month for 12 years is $35,038.52.
To find the minimum amount of money earning we need to use the formula for the future value of an annuity:
FV = PMT * [(1 + i)^n - 1] / i
Where FV is the future value, PMT is the payment amount, i is the interest rate per period, and n is the number of periods.
In this case, we need to find the present value (PV) of the annuity, so we will rearrange the formula to solve for PV:
PV = FV / [(1 + i)^n - 1] * i
We are given that PMT = $1000, i = 2.5% / 2 = 0.0125 (since the interest is compounded semiannually), and n = 12 * 12 = 144 (since there are 12 years and 12 months in a year).
Plugging these values into the formula, we get:
PV = $1000 / [(1 + 0.0125)^144 - 1] * 0.0125
PV = $1000 / 3.5587 * 0.0125
PV = $35,038.52
Therefore, the minimum amount of money earning 2.5% compounded semiannually that will sustain withdrawals of $1000 at the end of every month for 12 years is $35,038.52.
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