The NAV of the fund is $13.57.
NAV stands for Net Asset Value, which is a financial term used to measure the value of a mutual fund or exchange-traded fund (ETF). It is calculated by taking the total value of all the assets in the fund, subtracting any liabilities, and dividing the result by the number of outstanding shares.
In this case, we can calculate the NAV of the mutual fund by adding up the total value of the assets:
(2,000 shares of JPMorgan Chase x $64.75 per share) + (1,000 shares of Walmart x $63.10 per share) + (2,500 shares of Pfizer x $31.50 per share) = $258,750
Then, we divide the total value of the assets by the number of outstanding shares:
$258,750 / 20,000 shares = $13.57 per share
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roll-forward work normally occurs between the ____ and the ____.
Roll-forward work normally occurs between the interim audit date and the final audit date.
In a financial audit, the interim audit date is when auditors perform certain audit procedures, often focusing on specific accounts or transactions, at a point during the fiscal year, before the final audit date. The final audit date is when auditors complete their work and finalize the audit report after the fiscal year-end.
Roll-forward work is a procedure that auditors use to update the information gathered during the interim audit to the final audit date. This process helps auditors ensure that the financial statements are accurate and complete as of the year-end. Roll-forward work is an important part of the audit process, as it helps auditors identify any potential errors or inconsistencies and ensures that the financial statements are in compliance with accounting standards and regulations.
To perform roll-forward work, auditors usually review transactions and account balances, perform additional tests and confirmations, and update their risk assessments and conclusions accordingly.
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higher inflation makes relative prices question 13 options: more variable, making it more likely that resources will be allocated to their best use. more variable, making it less likely that resources will be allocated to their best use. less variable, making it more likely that resources will be allocated to their best use. less variable, making it less likely that resources will be allocated to their best use.
The correct answer is: Higher inflation makes relative prices more variable, making it less likely that resources will be allocated to their best use.
1. Higher inflation leads to a general increase in prices across the economy.
2. This price increase can cause relative prices (the price of one good or service compared to another) to become more variable, as different goods and services may experience different inflation rates.
3. When relative prices become more variable, it becomes more difficult for individuals and businesses to make accurate decisions about resource allocation.
4. As a result, resources may not be allocated to their most efficient and productive uses, leading to a less optimal allocation of resources in the economy.
In summary, higher inflation can negatively impact resource allocation by making relative prices more variable and less predictable, reducing the likelihood of resources being directed towards their best use.
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Required information [The following information applies to the questions displayed below] Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book: At the bottom of each statement; the company warns readers to "Refer to Notes to Consolidated Financial Statements_ The following questions illustrate the types of information that you can find in the financial statements and accompanying notes_ Provide your numerical answers in thousands of dollars. (Hint: Use the notes:) 7a_ Calculate the company's ROA for fiscal 2017 and 2016. (Round your answers to 3 decimal places:) Answer is not complete: Fiscal 2017 Fiscab 2016 Company's ROA 7b. Did it increase or decrease or stay the same? Increase Decrease'
Fiscal 2017 ROA for American Eagle Outfitters was 13.8%, which was an increase from the Fiscal 2016 ROA of 11.7%. The increase in ROA indicates that American Eagle Outfitters was able to generate more income from its assets during Fiscal 2017 than it did in Fiscal 2016.
This could be due to a number of factors, such as an increase in sales, a decrease in expenses, an increase in the efficiency of operations, or a combination of all three.
Higher ROA indicates that the company is generating more income from its assets, which is beneficial for the company's shareholders. However, the company should continue to monitor its ROA to ensure that its performance remains consistent.
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segmentation is an important piece of your inbound email marketing strategy. what does segmentation primarily help you do?
Segmentation primarily helps you target specific groups of people with personalized content that is more relevant to their interests and needs. By dividing your email list into smaller segments based on criteria such as demographics, behavior, and interests, you can create tailored messages that resonate with each group.
This approach not only increases the effectiveness of your email marketing campaigns but also helps build stronger relationships with your audience by showing that you understand and care about their individual preferences. In short, segmentation is a key component of a successful inbound email marketing strategy as it allows you to deliver the right message to the right person at the right time.
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a man invests in three accounts that pay , , and in annual interest, respectively. he has times as much invested at than he does at . if his total interest for the year is , how much is invested at each rate?
Let's call the amount invested at the first account "x". Since the man has twice as much invested at the second account as he does at the first, the amount invested at the second account is "2x". And since he has three times as much invested at the third account as he does at the first, the amount invested at the third account is "3x".
So the man has $3,593.75 invested at the first account, $7,187.50 invested at the second account, and $10,781.25 invested at the third account. You mentioned that a man invests in three accounts with annual interest rates X, Y, and Z, respectively. He has A times as much invested at Y than he does at X. If his total interest for the year is I, we need to find out how much is invested at each rate.
Unfortunately, without specific numerical values for the interest rates (X, Y, and Z), the multiplier (A), and the total interest (I), we cannot solve for the exact amounts invested (P1, P2, and P3). However, if you provide these values, we can solve for the amounts invested at each rate using the equation above. We are given that P2 = A * P1. The total interest (I) can be calculated as I = P1 * X + P2 * Y + P3 * Z Since we know that P2 = A * P1, we can rewrite the equation as I = P1 * X + A * P1 * Y + P3 * Z
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which is conducted by the project manager involves determining if the information system makes sense
The process conducted by the project manager to determine if the information system makes sense is called feasibility analysis. Feasibility analysis is a crucial step in the development of an information system that helps in assessing the viability and suitability of the system before proceeding with its implementation.
To further explain, feasibility analysis is a comprehensive evaluation of the proposed information system to assess its technical, operational, economic, and scheduling feasibility. The project manager must determine if the system is technically feasible, i.e., whether it can be developed using existing technology and resources. Operational feasibility involves analyzing whether the system aligns with the organizational goals and requirements, whether it is user-friendly, and whether it can be integrated with the existing systems.
Economic feasibility involves estimating the cost and benefit of the system, including the return on investment, while scheduling feasibility evaluates whether the project can be completed within the stipulated time frame. By conducting feasibility analysis, the project manager can determine if the information system makes sense and if it is worth investing in.
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FILL IN THE BLANK. from one year to the next, __% of customers who knew about a product forget about it.
According to research, from one year to the next, approximately 20% of customers who knew about a product tend to forget about it.
This phenomenon is known as brand or product decay.
What's meant by product decay?The memory of a brand or product fades over time due to various reasons such as lack of advertising, changes in customer preferences, or competition from other brands.
This can be a challenge for companies as they have to continuously engage with their customers through various marketing strategies to keep their brand and products relevant in the market.
Therefore, companies need to stay up to date with their customers' needs and preferences to ensure that they don't lose their customer base to their competitors.
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suppose the federal reserve buys $400,000 worth of securities from the securities dealers on the open market. if the reserve requirement is 20% and the banks hold no excess reserves, what will happen to the total money supply? suppose the federal reserve buys $400,000 worth of securities from the securities dealers on the open market. if the reserve requirement is 20% and the banks hold no excess reserves, what will happen to the total money supply? it will contract by $2,000,000. it will be unchanged. it will contract by $800,000. it will expand by $2,000,000. it will expand by $800,000.
This decrease in the money supply can have a negative impact on the economy as lead to a decrease in spending and investment. Federal Reserve buys $400,000 worth of securities from securities dealers on the open market.
The reserve requirement is 20%, the total money supply will contract by $2,000,000. This is because the securities dealers will deposit the $400,000 in their bank accounts, but the banks are required to keep 20% of these deposits as reserves. Therefore, the banks will keep $80,000 as reserves and lend out $320,000. This $320,000 will become deposits in other banks, and those banks will also keep 20% as reserves, leading to a chain reaction that ultimately results in a contraction of the money supply by $2,000,000.
The headquarters of the 12th Federal Reserve District is in San Francisco. Along with American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands, this group also includes the nine western states, such as Alaska, Arizona, California, Nevada, and similar states.
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which specialty cost stipulates tenant will be provided with specific services for an additional rental fee
The specialty cost that stipulates a tenant will be provided with specific services for an additional rental fee is called "an amenity fee."
This fee is charged by landlords to cover the cost of providing certain services or amenities, such as access to a gym or pool, in addition to the standard rent payment.
An amenity fee is an additional charge that tenants pay in exchange for specific amenities or services. It is a common practice among property managers and landlords to charge amenity fees in addition to the standard rent payment to cover the costs of maintaining and providing special features, such as a gym or pool, within the property.
It is important for tenants to review the lease agreement thoroughly to understand what amenities are included in the amenity fee and to make sure that they are comfortable with the cost before signing the lease.
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the income tax base for an individual tax return is: multiple choice realized income from whatever source derived. gross income. adjusted gross income. adjusted gross income minus from agi deductions.
Adjusted gross income less from AGI deductions constitutes the income tax base for an individual tax return. The income tax base for an individual tax return refers to the amount of income on which a taxpayer is required to pay taxes.
This includes income from all sources, such as wages, dividends, interest, and capital gains. Adjusted gross income (AGI) is a taxpayer's gross income minus certain deductions, such as contributions to retirement accounts and student loan interest payments. Therefore, the income tax base for an individual tax return is AGI minus from AGI deductions.
The income tax base is the amount of income subject to taxation. It is calculated by starting with an individual's gross income, which includes all sources of realized income. Then, adjustments are made to arrive at the adjusted gross income (AGI). Finally, from AGI deductions (also known as itemized or standard deductions) are subtracted to determine the taxable income, which serves as the income tax base.
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with so many face creams on the market, skin-joy inc. pays a fee to all of its retailers just to gain store shelf space. this fee is called a(n)
Skin-joy Inc. pays a fee to all of its retailers just to gain store shelf space.
This fee is called a slotting fee. To provide a detailed answer, a slotting fee is a payment made by a manufacturer to a retailer for securing shelf space for its products. It is a common practice in the retail industry where manufacturers pay retailers to display their products on shelves in prominent locations.
This fee is charged to cover the cost of stocking and storing the products and is often used by manufacturers to gain visibility and increase sales. However, it is important to note that slotting fees can be controversial and may lead to anti-competitive behavior in the market.
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. an income producing asset costing $120,000 is being depreciated using the 150% declining balance method with a salvage value of $20,000, determine the depreciation in year 3 assuming the equipment will be depreciated over a life of 5 years. a) $37,500 b) $32,500 c) $17,640 d) $28,125
To determine the depreciation in year 3 using the 150% declining balance method, we need to first calculate the annual depreciation rate. This is calculated by dividing 150% (or 1.5) by the useful life of the asset, which is 5 years. Therefore, the annual depreciation rate is 30%.
Next, we need to calculate the asset's depreciable base, which is the cost of the asset minus the salvage value. In this case, the depreciable base is $120,000 - $20,000 = $100,000.
To calculate the depreciation expense for year 3, we need to apply the annual depreciation rate to the asset's depreciable base. In year 1, the depreciation expense would be $30,000 (30% x $100,000). In year 2, the remaining depreciable base would be $70,000 ($100,000 - $30,000), and the depreciation expense would be $21,000 (30% x $70,000).
Therefore, in year 3, the remaining depreciable base would be $49,000 ($70,000 - $21,000), and the depreciation expense would be $14,700 (30% x $49,000).
The correct answer is option C) $17,640.
In conclusion, to determine the depreciation in year 3 for an income producing asset costing $120,000 being depreciated using the 150% declining balance method with a salvage value of $20,000 over a life of 5 years, we need to calculate the annual depreciation rate, depreciable base, and apply the annual depreciation rate to the remaining depreciable base in year 3.
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Imperfect Competition — End of Chapter Problem
Because cooking soufflés is incredibly difficult, the supply of soufflés in a small French town is controlled by two bakers, Gaston and Pierre. The demand for soufflés is given by P=30−2, and the marginal and average total cost of producing soufflés is $6. Because baking a soufflé requires a great deal of work and preparation, each morning Gaston and Pierre make a binding decision about how many soufflés to bake.
a. Suppose that Pierre and Gaston agree to collude, evenly splitting the output a monopolist would make and charging the monopoly price.
i. Derive the equation for the monopolist’s marginal revenue (MR) curve.
ii. Determine the profit-maximizing collective output (Q) for the cartel.
iii. Determine the price (P) Pierre and Gaston can charge.
iv. Determine the profit of the cartel.
i. The MR is P - 24/(P-30). ii. The profit-maximizing collective output for the cartel is 7.5 soufflés. iii. The price that Pierre and Gaston can charge is the monopoly price, which is $15. iv. he profit of the cartel is $67.5.
i. The monopolist's marginal revenue (MR) curve is given by:
MR = P + (1/Ed) * (P - MC)
where Ed is the price elasticity of demand and MC is the marginal cost.
In this case, the demand function is P = 30 - 2Q, so the inverse demand function is Q = (30 - P)/2. The elasticity of demand can be calculated as:
Ed = (dQ/dP) * (P/Q) = -1/2 * (P/Q)
Plugging in the demand function, we get:
Ed = -1/2 * (P/((30-P)/2)) = -P/(30-P)
The marginal cost is given as $6. Therefore, the monopolist's marginal revenue curve is:
MR = P + (1/Ed) * (P - MC)
= P + (1/(-P/(30-P))) * (P - 6)
= P + (30-P)/(-P) * (P-6)
= P - 24/(P-30)
ii. To maximize profit, the cartel should produce the output level where marginal revenue equals marginal cost. In this case, the marginal cost is $6. Setting MR = MC, we get:
P - 24/(P-30) = 6
Solving for P, we get:
P = $15
Substituting P into the demand function, we get the collective output of the cartel:
Q = (30 - P)/2
= (30 - 15)/2
= 7.5
Therefore, the profit-maximizing collective output for the cartel is 7.5 soufflés.
iii. The price that Pierre and Gaston can charge is the monopoly price, which is $15.
iv. The profit of the cartel can be calculated as follows:
Total revenue = Price * Quantity = $15 * 7.5 = $112.5
Total cost = Average total cost * Quantity = $6 * 7.5 = $45
Profit = Total revenue - Total cost = $112.5 - $45 = $67.5
Therefore, the profit of the cartel is $67.5.
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a company showed wages expense in its income statement as $560,000 for a year. accrued salaries payable were $45,000 at the beginning of the year and $58,000 at the end of the year. the cash paid for salaries during the year was what amount?
The wage expense reported in the income statement for the year is $560,000. However, this amount includes the salaries that were earned by the employees during the year but not yet paid.
This means that we need to adjust for the accrued salaries payable at the beginning and end of the year to arrive at the actual cash paid for salaries.
Accrued salaries payable at the beginning of the year = $45,000
Accrued salaries payable at the end of the year = $58,000
To calculate the actual cash paid for salaries during the year, we can use the following formula:
Cash paid for salaries = Wages expense - increase in accrued salaries payable + decrease in accrued salaries payable
Cash paid for salaries = $560,000 - ($58,000 - $45,000)
Cash paid for salaries = $560,000 - $13,000
Cash paid for salaries = $547,000
Therefore, the cash paid for salaries during the year was $547,000.
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ordinary income dividend distributions earned on ____ funds is tax-exempt for federal income taxes.
Ordinary income dividend distributions earned on municipal bond funds are tax-exempt for federal income taxes.
Municipal bond funds are funds that invest in bonds issued by state and local governments as well as other municipal entities. Typically, these bonds are used to fund public initiatives such as schools, roads, and infrastructure.
One advantage of investing in municipal bond funds is that the income earned by these funds is frequently tax-free. Ordinary income dividends, for example, are normally taxed at the investor's ordinary income tax rate.
Municipal bond funds are tax-exempt since they are investments in public infrastructure and services. The federal government offers tax breaks to stimulate investment in these types of initiatives, which are viewed as essential to economic growth and development.
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All of the following are reasonable grounds for dismissal except ________.a. misconductb. whistle blowingc. unsatisfactory performanced. lack of job qualificationse. changed job requirements
Whistleblowing is not a reasonable ground for dismissal. Therefore, the correct option is whistle-blowing. Therefore the correct option is option B.
Depending on the circumstances, misbehaviour, poor performance, a lack of job qualifications, and modified job requirements can all be justifiable reasons for firing an employee.
Whistleblowing, on the other hand, is the act of reporting unlawful or immoral behaviour within an organisation to those with the authority to act, such as a government agency or the media.
Firing an employee for whistleblowing can be considered illegal and retaliation for the person's activities.
Whistleblowers are legally protected from retribution in many countries, including the United States, and companies who fire an employee for whistleblowing may face legal consequences. Therefore the correct option is option B.
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one of the largest challenges across the accounting industry for auditing firms which use blockchain is:
One of the major challenges faced by auditing firms using blockchain technology is ensuring the accuracy and reliability of the data entered into the blockchain.
While blockchain technology has the potential to revolutionize the auditing process, the accuracy and reliability of the data on the blockchain are crucial for the effectiveness of the audit. Auditing firms must ensure that the data entered into the blockchain is verified and trustworthy.
In addition, auditing firms must also ensure that the technology is used effectively and efficiently, and that they have the necessary expertise to use the technology.
Moreover, the audit trail must be transparent and auditable, so that regulators and other stakeholders can be assured that the audit has been conducted in a robust and thorough manner.
Therefore, auditing firms must have appropriate governance and risk management processes in place to ensure the effectiveness of the audit.
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Which of the following is not considered a contingency factor in House's path-goal theory?
A. Task structure
B. Employee's need for achievement
C. Employee's need for clarity
D. Work group dynamics
E. Leader acceptance
The contingency factor that is not considered in House's path-goal theory is the employee's need for achievement. Hence, option B is correct.
House's path-goal theory proposes that the effectiveness of a leader depends on how well their leadership style matches the characteristics of the employees and the work environment. The contingency factors that influence the choice of a leader's behavior are employee characteristics, task characteristics, and environmental factors. Employee characteristics include locus of control, experience, and perceived ability. Task characteristics include task structure and the formal authority system. Environmental factors include the nature of the workgroup, the degree of stress and conflict, and the external environment.
The theory suggests that leaders should adopt a leadership style that complements these contingency factors to enhance employee satisfaction and motivation, leading to better performance and achievement of organizational goals.
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summit products, incorporated is interested in producing and selling an improved widget. market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. the current cost to produce the widget is estimated to be $65.if summit products requires a 25% return on sales to undertake production, what is the target cost for the new widget?
The target cost for the new widget is $72, as Summit Products requires a 25% return on sales.
Summit Products is interested in producing and selling an improved widget.
The market research indicates that customers are willing to pay $90 for this widget, with a potential sale of 50,000 units per year.
Currently, the production cost is $65. To achieve a 25% return on sales, the selling price should be 1.25 times the target cost.
By solving the equation ($90 = 1.25 * target cost), we find that the target cost for the new widget is $72. This would allow Summit Products to meet their desired return on sales while still offering a competitive price to customers.
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this year, fred and wilma, married filing jointly, sold their home (sales price $750,000; cost $200,000). all closing costs were paid by the buyer. fred and wilma owned and lived in their home for 20 years. how much of the gain is included in gross income? multiple choice $550,000 $300,000 $250,000 $50,000 none of the choices are correct.
$50,000 of the gain is included in gross income.
To determine how much of the gain is included in their gross income, we need to consider the following:
1. Calculate the gain: Sales price ($750,000) - Cost ($200,000) = $550,000
2. Determine the exclusion limit for married filing jointly: $500,000
3. Check the ownership and use tests: Fred and Wilma owned and lived in their home for 20 years, so they meet both tests.
Since Fred and Wilma meet the ownership and use tests, they can exclude up to $500,000 of the gain. Therefore, the amount of the gain included in their gross income is:
Gain ($550,000) - Exclusion limit ($500,000) = $50,000
So, the correct answer is $50,000.
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16. When an agreement lacks one of the required elements or has not been formed in conformance with the law from the outset, the contract is considered void. ___ True ___ False17. Joe tells Phil he’ll pay Phil $20 if he mows the grass. Phil mows the grass. This is a bilateral contract. ___ True ___ False18. Jill hands Peter a written contract. In the contract, Jill makes several promises to Employ Peter as a sales representative for one year if Peter promises to perform The required job duties. This is a unilateral contract. ___ True ___ False19. Contracts allow businesses to budget, plan, coordinate, and allocate resources productively. ___ True ___ False20. Strategically qualified attorneys understand the major risks involved in a business deal. ___ True ___ False
True A contract is considered void when it lacks one of the required elements or hasn't been formed according to the law. This means the contract is not legally binding and has no legal effect. 17. True A bilateral contract is formed when both parties exchange promises, and both have obligations to perform.
For a contract to be valid, it must contain all of the essential elements of a contract, including an offer, acceptance, consideration, and a legal purpose. If any of these elements are missing, the contract is considered void and unenforceable. Additionally, if the contract was formed in violation of the law from the outset, it will also be considered void.
17.True.
A bilateral contract is a contract where both parties make promises to each other. In this scenario, Joe promises to pay Phil $20 if he mows the grass, and Phil promises to mow the grass. Therefore, it is a bilateral contract.
18. False.
A unilateral contract is a contract where one party makes a promise in exchange for the other party's performance. In this scenario, Jill is making several promises to employ Peter as a sales representative, but Peter is not making any promises in return. Therefore, it is a bilateral contract.
19 True.
Contracts provide businesses with a framework for their operations and allow them to plan, coordinate, and allocate resources productively. By setting out the terms of a transaction, contracts can help businesses avoid misunderstandings and disputes.
20. True.
Attorneys who specialize in business law understand the major risks involved in business deals, such as breach of contract, intellectual property disputes, and regulatory compliance issues. By working with a qualified attorney, businesses can identify and mitigate these risks, improving their chances of success.
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true or false: a balance sheet represents what the firm owns, owes, and ownership of a company at a given date.
"A balance sheet represents what the firm owns, owes, and ownership of a company at a given date." This is true.
An organization's balance sheet shows its assets, liabilities, and ownership as of a certain date. One of the three basic financial statements, along with the income statement and the statement of cash flows, offers a picture of the financial situation of a company at a certain point in time.
The assets portion of the balance sheet outlines the resources that the company has, while the liabilities and equity section details how those resources are financed. In order to maintain the balance of the balance sheet, the equation Assets = Liabilities + Equity must always be true.
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Question 4 (3 points) The Case: Central Canada Steel (CCS) was formed 5 years ago to exploit a new continuous- casting process. SSC's founders, Donald Brown and Margo LaPointe, had been employed in the research department of a major integrated-steel company, but when that company decided against using the new process, they decided to strike out on their own. One advantage of the new process was that it required relatively little capital in comparison with the typical steel company, so Brown and Lapointe have been able to avoid issuing new stock, and thus they own all of the shares. However, SSC has now reached the stage where outside equity capital is necessary if the firm is to achieve its growth targets yet still maintain its target capital structure of 60 percent equity and 40 percent debt. Therefore, Brown and Lapointe have decided to take the company public. Until now, Brown and Lapointe have paid themselves reasonable salaries but routinely reinvested all after-tax earnings in the firm, so dividend policy has not been an issue. However, before talking with potential outside investors, they must decide on a dividend policy. Assume that you were recently hired by Pierce Westerfield Carney (PWC), a national consulting firm, which has been asked to help SSC prepare for its public offering, Martha Millon, the senior PWC Consultant in your group, has asked you to make a presentation to Brown and Lapointe in which you review the theory of dividend policy. Question: Assume that CCS has an $800,000 capital budget planned for the coming year. You have determined that its present capital structure (60 percent equity and 40 percent debt) is optimal, and its net income is forecasted at $600,000. Use the residual distribution model approach and determine CCS's total dollar distribution. Assume for now that the distribution is in the form of a dividend. O $140,000 O $80,000 O $100,000 O $120,000
The total dollar distribution for CCS in the form of a dividend would be $120,000.Using the residual distribution model approach, the total dollar distribution for CCS can be calculated by
subtracting the equity required for maintaining the target capital structure from the net income. The remaining amount is then distributed as dividends. The equity required to maintain the target capital structure can be calculated by multiplying the total capital budget by the target equity percentage:
Equity required = $800,000 x 0.60 = $480,000
The remaining amount of net income available for distribution as dividends is:
Net income available for dividends = Net income - Equity required
Net income available for dividends = $600,000 - $480,000 = $120,000
Therefore, the total dollar distribution for CCS in the form of a dividend would be $120,000.
The correct answer is O $120,000.
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A toy manufacturing uses 48000 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can can produce at a rate of 800 per day. The toy trucks are assembled uniformly ( at a constant rate ) over the entire year. Carrying cost is $ 1 per wheel per year. setup cost for the production run of the wheel is $ 45. The firm operatyes 240 days per year. Determine each of the following:
a) Optimal manufacturing run size.
b) Resulting total annual cost for carrying inventory and for production setups.
c) Cycle time for the optimal run size.
d) Percentage of the time the wheels manufacturing line is in production mode.
e) Suppose, they have found a way to reduce the inventory carrying cost from $ 1 per wheel per year to $ 0.25 per wheel per year. Would this alter your optimal production lot size and if so, would it go up or down and by how much?
a) The optimal manufacturing run size is 2000 rubber wheels.
b) The resulting total annual cost for carrying inventory and for production setups is $4500.
c) The cycle time for the optimal run size is 2.5 days.
d) The percentage of the time the wheels manufacturing line is in production mode is 33.33%.
e) Yes, the optimal production lot size would change. It would go down to 1414 rubber wheels. This is because the reduced carrying cost means that it is less expensive to hold inventory, so the firm can afford to produce wheels more frequently to meet demand.
To find the optimal run size, we can use the Economic Order Quantity (EOQ) formula:
EOQ = sqrt((2DS)/H)
Where D is the annual demand (48000), S is the setup cost ($45), and H is the carrying cost per unit ($1). Plugging in these values gives us an EOQ of 2000 rubber wheels.
The total annual cost can be calculated using the following formula:
Total annual cost = (DS/Q) + (Q/2)H
Where Q is the order quantity (EOQ), and the first term represents setup costs and the second term represents carrying costs. Plugging in the values gives us a total annual cost of $4500.
The cycle time can be calculated by dividing the number of working days by the number of production runs per year:
Cycle time = Number of working days per year / (Annual demand / EOQ)
Plugging in the values gives us a cycle time of 2.5 days.
The percentage of time in production mode can be calculated by dividing the setup time by the total cycle time:
Percentage in production mode = Setup time / Cycle time
Plugging in the values gives us a percentage of 33.33%.
When the carrying cost is reduced to $0.25 per wheel per year, the new EOQ can be calculated using the same formula as before. Plugging in the new carrying cost gives us an EOQ of 1414 rubber wheels, which is lower than the original EOQ.
This is because the reduced carrying cost means that it is less expensive to hold inventory, so the firm can afford to produce wheels more frequently to meet demand.
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Espanol When Kevin bought his condominium, he got his mortgage through his credit union. The mortgage was a personal, amortized loan for $91,000, at an interest rate of 3.25%, with monthly payments for a term of 25 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. 10 X X $ ? (a) Find Kevin's monthly payment. so (b) If Kevin pays the monthly payment each month for the full term, find his total amount to repay the loan. si (c) If Kevin pays the monthly payment each month for the full term, find the total amount of interest he will pay
b) Total amount paid = 443.46*300 = 133,038
c) Total interest paid = 133,038-91,000 = 42,038
How to solve
We have PMT = P*r*(1+r)^n/((1+r)^n -1)
P = 91,000
r= 3.25%/12
n= 25*12 = 300
=> PMT = 91,000*0.0325/12*(1+0.0325/12)^300/((1+0.0325)^300-1)
=> PMT = 443.46
b) Total amount paid = 443.46*300 = 133,038
c) Total interest paid = 133,038-91,000 = 42,038
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an environmental sustainability strategy can enhance a company's competitive advantage by . multiple choice question. promoting the company's reputation among environmentally conscious consumers sacrificing consumer needs and preferences in order to provide other social benefits helping the company locate cost-effective sources of wage-labor in other countries boosting internal production costs, which can be passed on to the consumer
An environmental sustainability strategy can enhance a company's competitive advantage by promoting the company's reputation among environmentally conscious consumers.
By implementing sustainable practices and reducing their environmental impact, companies can appeal to consumers who prioritize eco-friendly products and services. This can increase brand loyalty and attract new customers, ultimately leading to increased sales and revenue. In addition, adopting sustainable practices can also lead to cost savings in the long run. By reducing waste and using resources more efficiently, companies can lower their operational costs and improve their bottom line. This can also help them to remain competitive in an increasingly crowded market. Overall, incorporating environmental sustainability into a company's strategy can have numerous benefits, including improved reputation, increased customer loyalty, cost savings, and a stronger competitive advantage. By prioritizing sustainability, companies can not only help protect the environment but also position themselves for long-term success in their respective industries.
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The complete question is: An environmental sustainability strategy can enhance a company's competitive advantage by ______.
__________ leaders encourage group discussion and decision making through consensus building.
Democratic leaders encourage group discussion and decision-making through consensus building. This leadership style promotes open communication, active participation, and shared responsibility among team members.
Consensus building is a collaborative approach in which the leader works with team members to reach a common understanding or agreement on a specific course of action. It involves considering various perspectives, negotiating differences, and finding solutions that best address the needs and concerns of all stakeholders. This inclusive process not only leads to better decision outcomes but also strengthens team cohesion and trust.
Democratic leaders understand that diverse opinions can enhance problem-solving capabilities and result in more innovative and effective solutions. By engaging in group discussions, they create a sense of ownership and commitment among team members, leading to higher motivation and productivity. Furthermore, this approach allows for more well-rounded decisions, as multiple viewpoints and experiences are taken into account.
In summary, democratic leaders encourage group discussion and decision-making through consensus building by promoting open communication, valuing diverse opinions, and facilitating collaboration. This inclusive and empowering leadership style leads to better decisions, stronger team dynamics, and increased overall performance.
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imagine a customer has downloaded an app made by their local hardware store. how could that business connect with their audience through the app?
Consider a scenario where a customer downloads an app from their neighbourhood hardware shop and enters a certain geographic area to receive offers from the business.
You should concentrate on long tail keywords and shorter keywords and phrases when thinking about how mobile users would search for your organisation. Compared to other keyword classes, long tail keywords are less prevalent and more precise. Mobile apps make it easy for SMBs and their clients to communicate both ways. Convenient communication encourages ongoing interaction, which enables companies to track client behaviour over time and modify their strategy in response.
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a renter's apartment lease has expired, but the landlord has indicated that the renter may remain on the premises until a sale of the building is closed. the renter will be charged the normal monthly rental during this period. the tenancy held by the renter is called
The tenancy held by the renter is called a tenancy at sufferance. This means that the renter is occupying the property without a legal right to do so, as their lease has expired.
However, the landlord has given them permission to remain on the premises until the sale of the building is closed, which is why they are being charged the normal monthly rental during this period.
It is important to note that a tenancy at sufferance is a type of tenancy that arises when a tenant remains in possession of the property after the expiration of their lease without the landlord's permission. In this case, the landlord has given permission for the renter to remain on the premises, which is why it is not a true tenancy at sufferance. However, it is still important for the renter to understand that they do not have a legal right to stay on the property beyond the expiration of their lease, and that the landlord could ask them to leave at any time before the sale of the building is closed. It is also important to note that the terms of the rental agreement, including the rent amount and any other conditions, should be spelled out clearly in writing to avoid any misunderstandings or disputes.
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when a perfectly-competitive industry is in long-run equilibrium, multiple choice each firm earns zero economic profit. firms have incentives to enter or exit the industry. all of these options are correct. market price is equal to minimum long-run total cost.
All of these options are correct. In a perfectly-competitive industry in long-run equilibrium, each firm earns zero economic profit, which means that the market price is equal to the minimum long-run total cost. This also implies that there are no incentives for firms to enter or exit the industry as there are no abnormal profits to be made.
The characteristics of a perfectly-competitive industry in long-run equilibrium. The correct answer is: when a perfectly-competitive industry is in long-run equilibrium, each firm earns zero economic profit, and market price is equal to the minimum long-run total cost. Firms do not have incentives to enter or exit the industry.
In a long-run equilibrium:
1. Each firm earns zero economic profit: In a perfectly competitive market, if firms are earning positive economic profits, new firms will enter, increasing the supply and driving down the price until zero economic profit is achieved. If firms are making a loss, some will exit, decreasing supply and driving up the price until zero economic profit is achieved.
2. Market price is equal to the minimum long-run total cost: In a long-run equilibrium, the price will equal the minimum point on the long-run average total cost curve, meaning that firms are producing at the lowest possible cost.
3. Firms have no incentives to enter or exit the industry: As firms are earning zero economic profit, there are no incentives for new firms to enter or existing firms to exit the market.
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