A formal, written guide to action for employees in an organization is known as a policy.
Policies are established to provide guidance and direction on how employees should behave and carry out their responsibilities within an organization. They help ensure that employees understand the expectations of the organization, comply with laws and regulations, and maintain a safe and respectful workplace. Policies can cover a range of topics, from employee conduct and dress code to safety procedures and benefits.
They are typically developed by management and human resources professionals, with input from legal counsel, and are reviewed periodically to ensure they remain current and relevant to the organization's needs. Having policies in place can help organizations avoid legal disputes and liability by providing clear guidelines and expectations for employee behavior.
Policies can also help create a consistent and fair work environment, as employees are held to the same standards of conduct and performance. Overall, policies serve as a crucial tool for maintaining an effective and efficient workplace and can contribute to the success of an organization by providing clarity, consistency, and structure for employees to follow.
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common shareholders have the right to vote on: proposals for fundamental changes affecting the company such as mergers or liquidation. price of stock. when to pay dividends. compensation for the officers.
Common shareholders have the right to vote on various matters related to the company, including proposals for fundamental changes such as mergers or liquidation.
They also have the right to vote on important financial decisions such as the price of the stock and when to pay dividends. Additionally, common shareholders have the ability to vote on compensation for the officers of the company. These voting rights give common shareholders a say in the direction and management of the company, and allow them to have a voice in important decision-making processes.
Common shareholders have the right to vote on proposals for fundamental changes affecting the company, such as mergers or liquidation. They typically do not vote on the price of stock, when to pay dividends, or compensation for the officers, as these matters are often determined by the board of directors or management.
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an apartment complex has a gross annual income of $418,000 and the expense ratio is 38%. how much are the total operating expenses?
We can start by calculating the operating expenses of the apartment complex. The expense ratio of 38% indicates that the operating expenses are 38% of the gross annual income.
To calculate the operating expenses, we need to multiply the gross annual income by the expense ratio percentage. Therefore, the operating expenses would be $418,000 x 0.38 = $158,840.
This means that the apartment complex's total operating expenses are $158,840. It is important to note that operating expenses refer to all expenses incurred in running the property, including property taxes, insurance, maintenance, repairs, and utilities.
In conclusion, the total operating expenses of the apartment complex are $158,840, calculated using the gross annual income and the expense ratio of 38%.
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The personality characteristics of business leaders (e. G. , CEOs) are related to the operations of the businesses that they lead (Oreg & Berson, 2018). Traits like openness to experience are related to positive financial outcomes and other traits are related to negative financial outcomes for their businesses. Suppose that a board of directors is interested in evaluating the personality of their leadership. Among a sample of n = 16 managers, the sample mean of the openness to experiences dimension of personality was M = 4. 50. Assuming that H = 4. 24 and o 1. 05 (Cobb-Clark & Schurer, 2012), use a two-tailed hypothesis test with a =. 05 to test the hypothesis that this company's business leaders' openness to experience is different from the population. O
our calculated t-value of 0.94 falls within the range between -2.131 and 2.131, we fail to reject the null hypothesis.
t = (M - H) / (o / √(n))
where M is the sample mean, H is the hypothesized population mean, o is the population standard deviation, and n is the sample size.
Plugging in the given values, we get:
t = (4.50 - 4.24) / (1.05 / √(16)) = 0.94
The null hypothesis refers to a statement that there is no significant difference between two or more groups, factors, or variables being tested. The null hypothesis is typically used in statistical testing to determine whether there is enough evidence to support a research hypothesis or claim.
For example, a business may want to test whether a new marketing strategy has increased sales. The null hypothesis would be that there is no significant difference in sales between the old and new marketing strategies. To test this hypothesis, the business would collect data and use statistical tests to determine whether the difference in sales between the two strategies is statistically significant.
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According to Keynes, the policy of incurring budget surpluses will cause the equilibrium price level to __________ and equilibrium output to __________.
a. rise; rise
b. rise; fall
c. fall; rise
d. fall; fall
e. remain the same; remain the same
The correct answer is d. fall; fall. According to Keynes, the policy of incurring budget surpluses will cause the equilibrium price level to fall and equilibrium output to fall.
Keynes believed that government intervention in the economy was necessary to stabilize it and prevent economic downturns. Incurring budget surpluses means that the government is collecting more revenue than it is spending, which can lead to decreased demand in the economy. With decreased demand, businesses may produce less and decrease their prices to stimulate demand. This results in a fall in both the equilibrium price level and equilibrium output. Keynes believed that during times of economic downturns, the government should increase spending to stimulate demand and increase output. This is known as deficit spending. Overall, Keynes believed that government intervention was necessary to stabilize the economy and prevent prolonged economic downturns.
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how do the shelf and slope of an active continental margin differ from those of a passive margin?
The shelf and slope of an active continental margin differ from those of a passive margin in several ways. This tectonic activity leads to differences in the shelf and slope features between the two types of margins.
At active margins, the continental shelf is generally narrower and steeper due to the ongoing tectonic activity.
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a company's flexible budget for 16,000 units of production showed sales, $80,000; variable costs, $56,000; and fixed costs, $11,000. the sales expected if the company produces and sells 20,000 units is (do not round intermediate calculations):
The expected sales if the company produces and sells 20,000 units is $81,000.
To find the expected sales if the company produces and sells 20,000 units, we need to first calculate the variable cost per unit.
Variable cost per unit = total variable costs / units produced
Variable cost per unit = $56,000 / 16,000 = $3.50
Next, we need to calculate the total variable costs for producing and selling 20,000 units:
Total variable costs = variable cost per unit x units produced
Total variable costs = $3.50 x 20,000 = $70,000
Now we can use the flexible budget formula to calculate the expected sales:
Expected sales = fixed costs + total variable costs
Expected sales = $11,000 + $70,000
Expected sales = $81,000
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agribusiness is one of america’s best kept secrets because _______.
Agribusiness is one of america’s best kept secrets because it is critical to our economic and food system.
Agribusiness is a broad phrase that refers to a variety of agricultural activities such as growing, processing, marketing, and distribution of agricultural goods.
While some may be unaware of the magnitude and importance of agriculture in the United States, others are well aware of its impact on the economy and food supply.
Agribusiness is critical to millions of people's livelihoods in rural regions, and its contributions to the nation's economy and food security are generally acknowledged. Agribusiness plays a vital role in supporting the livelihoods of millions of people in rural communities
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according to value-chain analysis, inbound and outbound logistics are considered as ________.
According to value-chain analysis, inbound and outbound logistics are considered as primary activities.
Primary activities, also known as core activities, are the main functions that a business undertakes to create and deliver its products or services. These activities are directly related to the production, distribution, and sale of a company's offerings, and they are critical to its success.
The five primary activities in a value chain include:
Inbound logistics: This includes receiving, storing, and distributing inputs or raw materials that are required to produce a product or service.
Operations: This involves transforming the inputs or raw materials into the final product or service. Operations can also involve providing services to customers.
Outbound logistics: This includes the distribution of the finished product or service to customers or intermediaries.
Marketing and sales: This involves promoting and selling the product or service to potential customers.
Service: This includes providing after-sales services to customers, such as technical support or maintenance.
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you serve as an outside director on the board of the all-at-once corporation. during a board meeting, the president of all-at-once makes a fifteen-minute presentation on the benefits and detriments of merging all-at-once with take-your-time, inc. after this presentation, the president asks for a vote of the directors approving the merger. should you vote on this merger? group of answer choices yes, the board directors may approve a merger, or bring about consolidation with other corporations. yes, if this power is spelled out in the corporate handbook. no, if there was not proper notice regarding the vote. no, the board of directors does not have the power to approve a merger.
As an outside director on the board of All-at-Once Corporation, it's important to consider the proper procedure and the board's powers before voting on the proposed merger with Take-Your-Time, Inc.
Based on the fifteen-minute presentation, you may feel inclined to vote; however, there are other factors to consider.
Yes, board directors may approve a merger or consolidation with other corporations, but this power should be explicitly stated in the corporate handbook. Therefore, it's crucial to verify if this power is granted to the board within the handbook. Additionally, proper notice regarding the vote is essential. If there was not sufficient notice provided to the board members, it would be inappropriate to vote on the merger.
In conclusion, you should vote on the merger if the board of directors has the power to approve a merger as per the corporate handbook, and if proper notice for the vote was given. Otherwise, it's best to postpone the vote until these conditions are met.
The two forms of organisations are corporations and subchapter S corporations. The most common type of corporation is a C corporation, which is double-taxed, meaning that shareholders and the company as a whole are both subject to taxes on dividend income. A Subchapter S corporation, on the other hand, allows for pass-through taxation, which means that rather than the firm itself paying taxes on its profits, those profits are instead transferred to the shareholders for inclusion on their individual tax returns. This could result in tax savings for small businesses with fewer shareholders.
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one of your stakeholders tried to reproduce the work you presented by using a copy of your scripts and was unable to get the same results. which kind of objection are they making?
The stakeholder is making an objection based on the inability to reproduce the results, which can be classified as a "Replication Objection."
They are raising concerns about the lack of consistency or accuracy in reproducing the work using the provided scripts or methodology. This objection suggests that there might be issues with the reliability or validity of the original work, as the results could not be replicated.
It highlights the importance of transparency, clarity, and rigour in research or any work that involves sharing methodologies and scripts to ensure reproducibility and verify the findings.
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Problem 4-18 Schedule of cash receipts [LO4-2) Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales, March April May June July August $45,000 55,000 37,000 52.000 63,000 67.000 Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 40 percent are collected in the month of sale. 30 percent are collected in the following month, and 20 percent are collected two months after sale, Prepare a monthly cash receipts schedule for the firm for March through August
To prepare the monthly cash receipts schedule for Simpson Glove Company, we need to calculate the cash receipts for each month based on the given sales projections and collection percentages.
First, we can calculate the total credit sales for each month by subtracting the uncollectible amount from the projected sales:
March: $45,000 - 10% ($4,500) = $40,500
April: $55,000 - 10% ($5,500) = $49,500
May: $37,000 - 10% ($3,700) = $33,300
June: $52,000 - 10% ($5,200) = $46,800
July: $63,000 - 10% ($6,300) = $56,700
August: $67,000 - 10% ($6,700) = $60,300
Next, we can calculate the monthly cash receipts for each month based on the collection percentages:
March: 40% ($40,500) + 30% ($49,500) + 20% ($33,300) = $34,170
April: 40% ($49,500) + 30% ($33,300) + 20% ($46,800) = $37,620
May: 40% ($33,300) + 30% ($46,800) + 20% ($56,700) = $36,540
June: 40% ($46,800) + 30% ($56,700) + 20% ($60,300) = $48,420
July: 40% ($56,700) + 30% ($60,300) = $40,860
August: 40% ($60,300) = $24,120
Therefore, the monthly cash receipts schedule for Simpson Glove Company for March through August is as follows:
March: $34,170
April: $37,620
May: $36,540
June: $48,420
July: $40,860
August: $24,120
This schedule shows the expected amount of cash receipts for each month based on the sales projections and collection percentages, which can help the company plan and manage its cash flow.
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logistics decisions include all of the following except: group of answer choices distribution service level. transporting of goods. handling of goods. prices to charge for delivery.
Logistics decisions do not include prices to charge for delivery.
Logistics decisions refer to the planning, coordination, and execution of the handling, transporting, and distribution of goods. These decisions are crucial in ensuring that the right products are delivered to the right place at the right time and in the most cost-effective manner.
Distribution service level, transporting of goods, and handling of goods are all critical logistics decisions that must be carefully considered to ensure that the logistics process is efficient and effective. However, pricing decisions for delivery are typically made by the marketing or sales departments and are not directly related to logistics decisions.
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Your firm has a credit rating of A. You notice that the credit spread for five year maturity Adebt is 87 basis points (0.87%). Your firm's five-year debt has an annual coupon rate of 6.2%. You see that new five-year Treasury notes are being issued at par with an annual coupon rate of 22% What should be the price of your outstanding five-year bonds? Assume $1,000 face value Assuming a $1.000 face value, the price of the bond is $(Round to the nearest cent.)
The price of the bond is $1,000.00.
To calculate the price of the bond, we need to discount the future cash flows (interest payments and face value) at the yield to maturity.
First, let's calculate the yield to maturity for the bond. The yield to maturity is the rate that makes the present value of the bond's future cash flows equal to the current market price of the bond.
Using the information provided in the question:
- The credit spread for the bond is 0.87%
- The current yield on the 5-year Treasury note is 2.2%
- The annual coupon rate on the bond is 6.2%
- The bond has a face value of $1,000
To calculate the yield to maturity, we need to add the credit spread to the yield on the Treasury note:
Yield to maturity = Treasury yield + Credit spread
Yield to maturity = 2.2% + 0.87%
Yield to maturity = 3.07%
Now, we can calculate the price of the bond using the following formula:
Price = (Coupon payment / (1 + Yield to maturity)^1) + (Coupon payment / (1 + Yield to maturity)^2) + ... + (Coupon payment + Face value / (1 + Yield to maturity)^n)
where n = number of periods (5 years in this case).
For this bond, the coupon payment is $62 per year ($1,000 face value x 6.2% annual coupon rate), and n = 5.
Plugging in the numbers, we get:
Price = ($62 / (1 + 0.0307)^1) + ($62 / (1 + 0.0307)^2) + ($62 / (1 + 0.0307)^3) + ($62 / (1 + 0.0307)^4) + ($62 + $1,000 / (1 + 0.0307)^5)
Price = $62 / 1.0307 + $62 / 1.0622^2 + $62 / 1.0937^3 + $62 / 1.1253^4 + $1,062 / 1.1571^5
Price = $1,000.00 (rounded to the nearest cent)
The price of the bond is $1,000.00.
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suppose the government offers a subsidy to laptop sellers. say whether each group of people gains or loses from this policy. a. laptop buyers: lose b. laptop sellers: gain c. desktop computer sellers (assuming that they are different from laptop manufacturers): lose d. desktop computer buyers (assume laptops are a substitute for desktops): gain
a. Laptop buyers will lose out as the subsidy will lead to an increase in demand for laptops, which in turn will lead to an increase in their price. The subsidy given to the laptop sellers will not be enough to offset the increase in price due to increased demand.
b. Laptop sellers will gain from this policy as the subsidy will increase their profits. With the subsidy, the cost of producing laptops will be reduced, and sellers will be able to sell more laptops at a lower price than before, thus increasing their revenue.
c. Desktop computer sellers will lose out as the subsidy will lead to a shift in demand from desktops to laptops. Since desktops and laptops are substitutes, the increased demand for laptops will lead to a decrease in demand for desktops, causing a decrease in revenue for desktop computer sellers.
d. Desktop computer buyers will gain from this policy as the increase in demand for laptops will lead to a decrease in demand for desktops, causing a decrease in their price. This decrease in price will benefit the desktop computer buyers as they will be able to purchase desktops at a lower cost.
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which one of the following statements is true concerning a rights offering? the ex-rights price is generally higher than the rights-attached price. the subscription price is generally greater than the market price. the subscription price is generally less than the market price. the market price tends to increase on the ex-rights date. the subscription price must be greater than the ex-rights price.
the statement that is true concerning a rights offering is that the subscription price is generally less than the market price.
The subscription price is generally less than the market price in a rights offering.
In a rights offering, existing shareholders are given the opportunity to purchase additional shares at a discounted price, usually below the current market price. This discounted price is known as the subscription price. Since the subscription price is usually lower than the market price, it creates an incentive for existing shareholders to participate in the offering.
The ex-rights price, on the other hand, is the price at which the stock trades after the rights have been distributed but before they expire. It is typically lower than the market price due to the dilution of shares that results from the additional shares being offered.
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of the three corporate strategies that guide american policing, which emphasizes an increased capacity to deal with crimes that are not well controlled by traditional methods?
This strategy emphasizes an increased capacity to deal with crimes that are not well controlled by traditional methods.
Community policing focuses on developing partnerships between law enforcement agencies and communities, with the goal of preventing crime and improving public safety. By engaging with the community, law enforcement can gain a better understanding of local crime issues and develop effective solutions that are tailored to the specific needs of the community.
Community-Oriented Policing focuses on building relationships between the police and the community, encouraging collaboration, and using problem-solving approaches to address crime and disorder.
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Step 36 of 40: Cash Budget Formulas 5 Cash Balance, Beginning (1 YOUR TURN: Create formulas that carry over the operating expense names in column A and use VLOOKUP to return the amounts in cells B9:M11. January 2 Cash Balance, Beginning 20,000.00 3 Collections (3 tal.Cash Available YOUR TURN: Create a formula that carries over the collections in cells B3:M3. 7 Inventory Purchases Commissions YOUR TURN: Fill in January December and the word Recap along with your Spreadsheet ID in cell N1 on the Cash Budget worksheet. 10 Utilities 11 Other Operating Budget Cash Budget 36540 - 12000 10 Utilities 11 Other Operating Budget Cash Budget Operating Budget Cash Budget Jan Februar Lanuary 2 Cash Balance, Beginning Collections YOUR TURN: Create formulas that carry over the inventory payments and commissions in cells B7:M8. YOUR TURN: Enter a formula here that references the Minimum Cash Balance from the Inputs worksheet. 6 Less Disbursements 7 Inventory Purchases 8 Commissions 9 Payroll 10 Utilities 11 Other Operating Budget 2 (Cash Balace, Beginning $ 20,000.00 3 Collections 30000 Total Cash Available 6 less Disbursements YOUR TURN: Add a formulas for subtotals and ending balances for columns B:M, as well as beginning balances for columns C:M. Operating Budget Cash Budget Cash Budget dget wed 523 PM Edit View insert Format Tools Data Window Help • Autodiaren s Home Insert Draw Page Layout Formulas Data Review P X Cabr (Body! 11 A A cash flow budget 3 Malte View Comments Share . O 2 . Custom $ % a 11 R13 x f x -SUM[87:812) 11100019.000 2.0 12. 0 1 3 .00 14 dienorts ever disbursements FR
The minimum cash balance from the Inputs worksheet when creating the formulas. The goal is to create a comprehensive cash flow budget that takes into account all expenses and returns to ensure a balanced budget.
In Step 36 of 40, the task is to create formulas for the cash budget. One of the formulas required is to carry over the operating expense names from column A and use VLOOKUP to return the amounts in cells B9:M11. Another formula is needed to carry over the collections in cells B3:M3. Additionally, formulas need to be added for subtotals and ending balances for columns B:M, as well as beginning balances for columns C:M. The cash balance, beginning for January is $20,000. The budget also includes expenses such as inventory purchases, commissions, payroll, utilities, and other operating costs. It is important to consider the minimum cash balance from the Inputs worksheet when creating the formulas. The goal is to create a comprehensive cash flow budget that takes into account all expenses and returns to ensure a balanced budget.
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Nova Company’s total overhead cost at various levels of activity are presented below:
Month Machine-
Hours Total
Overhead
Cost
April 52,000 $ 197,140
May 42,000 $ 174,940
June 62,000 $ 219,340
July 72,000 $ 241,540
Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 42,000 machine-hour level of activity is:
Utilities (variable) $ 46,200
Supervisory salaries (fixed) 69,000
Maintenance (mixed) 59,740
Total overhead cost $ 174,940
Nova Company’s management wants to break down the maintenance cost into its variable and fixed cost elements.
Required:
1. Estimate how much of the $241,540 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $241,540 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.)
2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bX.
3. Express the company’s total overhead cost in the form Y = a + bX.
4. What total overhead cost would you expect to be incurred at an activity level of 47,000 machine-hours?
We would expect the total overhead cost to be $184,870 at an activity level of 47,000 machine-hours.
To estimate how much of the $241,540 of overhead cost in July was maintenance cost, we first need to calculate the total cost of utilities and supervisory salaries at the 72,000 machine-hour level of activity:
Utilities (variable) at 42,000 machine-hours = $46,200
Utilities (variable) at 72,000 machine-hours = $46,200 / 42,000 machine-hours * 72,000 machine-hours = $78,857.14
Supervisory salaries (fixed) at 42,000 machine-hours = $69,000
Supervisory salaries (fixed) at 72,000 machine-hours = $69,000
Total utilities and supervisory salaries at 72,000 machine-hours = $78,857.14 + $69,000 = $147,857.14
Therefore, the maintenance cost at 72,000 machine-hours = $241,540 - $147,857.14 = $93,682.86
Using the high-low method, we can estimate the cost formula for maintenance in the form Y = a + bX as follows:
Highest activity level: 72,000 machine-hours, maintenance cost: $93,682.86
Lowest activity level: 42,000 machine-hours, maintenance cost: $59,740
Change in activity level: 72,000 machine-hours - 42,000 machine-hours = 30,000 machine-hours
Change in maintenance cost: $93,682.86 - $59,740 = $33,942.86
Variable cost per machine-hour: $33,942.86 / 30,000 machine-hours = $1.13
Fixed cost: $59,740 - ($1.13 * 42,000 machine-hours) = $8,646
Therefore, the cost formula for maintenance is Y = $8,646 + $1.13X.
To express the company's total overhead cost in the form Y = a + bX, we need to identify the fixed and variable components of the total overhead cost. From the breakdown of costs at the 42,000 machine-hour level of activity, we know that utilities is the only variable cost component, while supervisory salaries and maintenance are fixed and mixed costs, respectively. Therefore, the total overhead cost formula can be expressed as:
Y = $117,740 (supervisory salaries + fixed maintenance) + $1.39X (utilities + variable maintenance)
To estimate the total overhead cost at an activity level of 47,000 machine-hours, we can use the formula from part 3:
Y = $117,740 + ($1.39 * 47,000 machine-hours) = $184,870
Therefore, we would expect the total overhead cost to be $184,870 at an activity level of 47,000 machine-hours.
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would the following expense items be reported on schedule m-1 of the corporation income tax return showing the reconciliation of income per books with income per return?
Yes, certain expense items may be reported on Schedule M-1 of the corporation income tax return to show the reconciliation of income per books with income per return.
Schedule M-1 reconciles the accounting income reported on financial statements with the taxable income reported on the tax return. Typical expense items that could be reported on Schedule M-1 include:
1. Income and expenses recorded on the books but not included on the tax return, such as tax-exempt interest income or nondeductible expenses.
2. Income and expenses included on the tax return but not recorded on the books, such as depreciation differences between book and tax methods.
3. Timing differences in recognizing income and expenses between book and tax accounting, such as accrual-to-cash adjustments.
By reporting these items on Schedule M-1, corporations can reconcile their financial statement income with their taxable income reported on the tax return, ensuring that they accurately report their tax liability.
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which of the following resulted in tighter oversight of banks and mortgage companies? (choose every correct answer.) multiple select question. banks such as wells fargo and citigroup charging lenders with systematic fraud an auction of high-risk loans to government investors a lawsuit initiated by the attorneys general of almost every state a court settlement that included mechanisms for monitoring lending institutions
Banks such as Wells Fargo and Citigroup charging lenders with systematic fraud, a lawsuit initiated by the attorneys general of almost every state, and a court settlement that included mechanisms for monitoring lending institutions.
The three options that resulted in tighter oversight of banks and mortgage companies are:
1)Banks such as Wells Fargo and Citigroup charging lenders with systematic fraud - This brought to light the fraudulent practices of banks and mortgage companies, leading to increased scrutiny and regulation.
2)A lawsuit initiated by the attorneys general of almost every state - The lawsuit brought attention to the widespread predatory lending practices of banks and mortgage companies and resulted in increased regulation.
3)A court settlement that included mechanisms for monitoring lending institutions - The settlement imposed stricter rules and regulations on banks and mortgage companies, including requirements for monitoring and reporting on their lending practices.
These events are all part of the aftermath of the 2008 financial crisis, which highlighted the need for increased oversight and regulation of the banking and mortgage industries to prevent similar crises from occurring in the future.
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for a monopoly firm, the shape and position of the demand curve play a role in determining the
For a monopoly firm, the shape and position of the demand curve play a role in determining the level of output and price that will maximize its profits.
If the demand curve for a monopolist's product is relatively inelastic, meaning that a change in price will have a relatively small effect on the quantity demanded, the monopolist can charge a higher price and still sell a significant quantity of the product. On the other hand, if the demand curve is relatively elastic, meaning that a change in price will have a large effect on the quantity demanded, the monopolist will need to charge a lower price in order to sell a sufficient quantity of the product. Therefore, the monopolist will typically choose to produce a lower quantity of the product and charge a higher price when the demand curve is relatively inelastic, and produce a higher quantity of the product and charge a lower price when the demand curve is relatively elastic.
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a large corporation managing a network over a global area would be considered a ________.
A large corporation managing a network over a global area would be considered a Global Area Network (GAN).
A GAN is a network that spans across multiple countries and continents, connecting various devices, systems, and local area networks (LANs) to facilitate communication and data exchange on a worldwide scale.
This type of network is crucial for multinational corporations, as it enables seamless communication and collaboration between employees, departments, and offices located in different parts of the world. By leveraging advanced communication technologies, such as satellite links and fiber-optic cables, GANs provide fast, secure, and reliable connections across vast distances.
Furthermore, GANs play a significant role in enhancing the efficiency of global businesses by providing a centralized platform for data storage, analytics, and resource management. This allows corporations to optimize their operations, reduce costs, and improve overall performance. In addition, GANs contribute to the development of innovative products and services by fostering international collaboration and knowledge-sharing among experts from diverse fields and regions.
In summary, a Global Area Network (GAN) is an essential tool for large corporations with a worldwide presence, as it facilitates global communication, collaboration, and resource management, ultimately driving business growth and innovation.
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what is the opportunity cost in terms of posters made if the number of phone calls is increased from 40 to 80?
The opportunity cost in terms of posters made if the number of phone calls is increased from 40 to 80 is the number of posters that could have been made with the resources (time, labor, materials) used to make those additional phone calls.
The opportunity cost is the trade-off between making phone calls and making posters. If, for example, it takes one hour to make 10 phone calls and two hours to make 10 posters, then making 80 phone calls would require 8 hours, leaving no time to make posters.
The opportunity cost of making those additional phone calls would be 0 posters made. If the time it takes to make posters and phone calls is equal, then the opportunity cost would be half the number of posters that could have been made if all the time had been dedicated to poster-making.
Opportunity cost when making decisions, as it helps to weigh the benefits and drawbacks of different options and choose the one that yields the highest overall value.
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Elzear & Co. expects its EBIT to be $105,000 every year forever. The firm can borrow at 7%. Elzear currently has no debt, and its cost of equity is 11%. (Round the final answers to 2 decimal places. Omit $ sign in your response.)
If the tax rate is 35%, what is the value of the firm?
Value of the firm $
What will the value be if the company borrows $136,000 and uses the proceeds to repurchase shares?
Value of the firm $
To find the value of the firm, we can use the formula for the weighted average cost of capital (WACC). WACC is the weighted average of the cost of equity and cost of debt, where the weights are the proportion of equity and debt in the company's capital structure. The formula for WACC is:
WACC = (E/V x Re) + (D/V x Rd x (1 - T))
Where:
E = value of equity
D = value of debt
V = total value of the firm (E + D)
Re = cost of equity
Rd = cost of debt
T = tax rate
In this case, since Elzear currently has no debt, the WACC will be equal to the cost of equity. Using the given values, we have:
WACC = (1 x 0.11) = 0.11
To find the value of the firm, we can use the perpetuity formula:
Value of the firm = EBIT / WACC
Substituting the given values, we get:
Value of the firm = 105,000 / 0.11 = $954,545.45
Now, if the company borrows $136,000 and uses the proceeds to repurchase shares, the value of the firm will change. We can calculate the new value of the firm using the same formula, but with the new debt amount and adjusted equity value:
Value of the firm = (EBIT - (D x Rd x (1 - T))) / (Re - (D/V x (Re - Rd x (1 - T))))
Where:
D = new debt amount
Rd = cost of debt
T = tax rate
Assuming the cost of debt remains at 7%, we have:
Value of the firm = (105,000 - (136,000 x 0.07 x 0.35)) / (0.11 - (136,000 / (954,545.45 + 136,000) x (0.11 - 0.07 x 0.35)))
Solving for the value of the firm, we get:
Value of the firm = $1,003,580.61
Therefore, the value of the firm increases to $1,003,580.61 if the company borrows $136,000 and uses the proceeds to repurchase shares.
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a term in a contract that can reasonably be supplied by the courts is referred to as a(n) ________.
A term in a contract that can reasonably be supplied by the courts is referred to as an implied term. Implied terms are not specifically stated in the contract, but they are understood to exist because of the nature of the relationship between the parties involved or because of legal principles that apply to the contract.
The courts may imply terms to ensure that the contract operates fairly and effectively. For example, a term may be implied to ensure that both parties act in good faith or to ensure that the contract operates in a way that is consistent with the parties intentions.
The courts will only imply terms where it is necessary to do so, and where the implied term is reasonable and necessary to give effect to the contract. In order to determine whether a term should be implied, the courts will consider the nature of the contract, the relationship between the parties, and the commercial context in which the contract was made.
Overall, implied terms are an important aspect of contract law, as they help to ensure that contracts operate fairly and effectively, even in situations where the parties may not have anticipated all possible contingencies.
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the immigration act states that in order to hire a foreign worker, an employer must show that:
An employer must show that there are no qualified Canadians for the job and that the hiring of a foreign worker will not have a negative impact on the Canadian labor market.
The Immigration and Refugee Protection Act (IRPA) outlines the requirements for Canadian employers seeking to hire foreign workers. In order to do so, they must demonstrate that there are no Canadian citizens or permanent residents available and qualified to fill the position. This includes advertising the job vacancy and offering fair compensation and working conditions. Additionally, employers must show that hiring a foreign worker will not have a negative impact on the Canadian labor market, including factors such as wages and working conditions.
The government has implemented stricter regulations in recent years to ensure that the program is not being used to displace Canadian workers or undermine the integrity of the labor market. Failure to comply with these regulations can result in severe consequences for the employer, including fines, loss of privileges to hire foreign workers and even criminal charges.
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credit can be checked at: group of answer choices sales order processing delivery all of the other choices are true billing
Credit can be checked during billing. Billing is the process of creating and sending invoices to clients and asking them to pay any outstanding balances.
When a customer places an order, the company may need to check their credit history to ensure that they are able to pay for the goods or services. This credit check is typically done during the billing process, as the company prepares the invoice for the customer. During billing, the company will verify that the customer has sufficient credit to cover the cost of the goods or services being provided. If the customer's credit is not sufficient, the company may choose to decline the order or require a deposit before proceeding with the sale. While credit checks can be done at other stages of the sales process, such as during sales order processing or delivery, billing is typically the final stage before the sale is complete. Therefore, credit checks done during billing are the most accurate reflection of the customer's ability to pay for the goods or services.
Overall, credit checks are an important part of the sales process, and they help companies to mitigate their financial risk and ensure that they are getting paid for the products or services they provide.
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frank and louise are arizona licensees who are forming a proffesional limited liability corporation together can they become an applying broker?
Yes, Frank and Louise can become an applying broker as Arizona allows professional limited liability corporations (PLLC) to apply for a broker's license. A PLLC is a type of limited liability company (LLC) that is specifically designed for licensed professionals such as real estate agents, doctors, or lawyers. The PLLC offers the same liability protection as an LLC while allowing the licensed professionals to operate as a group.
To become an applying broker, Frank and Louise's PLLC must meet the following requirements:
1. All members of the PLLC must be licensed brokers or salespersons in Arizona.
2. The PLLC must register with the Arizona Corporation Commission and obtain a certificate of authority.
3. The PLLC must obtain a surety bond and liability insurance.
4. The PLLC must have a designated broker who is responsible for the supervision of all licensees.
5. The PLLC must comply with all Arizona real estate laws and regulations.
Once these requirements are met, the PLLC can apply for a broker's license with the Arizona Department of Real Estate. The application process includes submitting the necessary forms, paying the application fee, and passing a background check.
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if someone can cook and bake and then becomes a chef, they have chosen a career based on _____.
a. salary
b. income
c. interests
The answer to your question is "interests". If someone can cook and bake and then becomes a chef, they have chosen a career based on c. interests.
When someone has the skills and passion for cooking and baking, they may choose to pursue a career in the culinary industry.
Becoming a chef is not just about the salary or income but more about the love for food and the desire to create new and delicious dishes.This implies that their passion and skills in cooking and baking have guided their career choice, rather than focusing primarily on salary or income.Chefs are highly skilled professionals who work in various settings such as restaurants, hotels, cruise ships, and other food service establishments. They are responsible for creating menus, preparing dishes, and supervising kitchen staff. Being a chef requires creativity, attention to detail, and the ability to work under pressure.For those who have a natural talent for cooking and baking, becoming a chef can be a fulfilling career choice. It allows them to showcase their skills and creativity while providing a service to others. While the salary and income are important factors to consider, most chefs choose this career path because it aligns with their interests and passions. In summary, becoming a chef is a career choice that is based on one's interests and love for cooking and baking.Know more about the "interests"
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Which one of the following payroll taxes does not result in a payroll tax expense for the employer? a. Federal unemployment tax b. Federal income tax c. State unemployment tax d. FICA tax
The payroll taxes that does not result in a payroll tax expense for the employer is Federal income tax. Therefore, the correct option is B.
This is because federal income tax is a tax that is deducted from an employee's paycheck and paid directly to the federal government by the employee, not the employer. The employer is simply responsible for withholding and remitting the correct amount of federal income tax from the employee's paycheck, but does not incur any expense related to this tax.
On the other hand, the other payroll taxes listed (Federal unemployment tax, State unemployment tax, and FICA tax) all result in a payroll tax expense for the employer. The employer is responsible for paying a percentage of the employee's wages for these taxes, and they are considered a cost of doing business.
So in summary, while all of these taxes are deducted from the employee's paycheck, only Federal income tax does not result in a payroll tax expense for the employer. Hence, the correct answer is option B: Federal income tax.
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