The budgeted selling expense for the sales manager for the month ending June 30 is $25,058.
The budgeted selling expense for the sales manager for the month ending June 30 can be computed as follows:
First, let's calculate the unit sales for June, using the 4% growth rate assumption.
To do this, we can use the following formula:
Unit sales in June = Unit sales in May x (1 + Growth rate)
Unit sales in June = 900 x (1 + 0.04) = 936
Next, we can calculate the total sales revenue for June by multiplying the unit sales by the selling price per unit:
Total sales revenue in June = Unit sales in June x Selling price per unit
Total sales revenue in June = 936 x $725 = $678,600
Now, let's calculate the commission payable to the sales manager for the month of June.
The commission rate is 3% of sales, so:
Commission payable to sales manager = Total sales revenue in June x Commission rate
Commission payable to sales manager = $678,600 x 0.03 = $20,358
Finally, we can calculate the budgeted selling expense for the sales manager by adding the fixed monthly salary and the commission payable for June:
Budgeted selling expense for the sales manager = Fixed monthly salary + Commission payable for June
Budgeted selling expense for the sales manager = $4,700 + $20,358 = $25,058
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a difference between low-ses families and middle-ses families is that ________.
A difference between low-SES families and middle-SES families is that low-SES families typically have lower incomes and fewer financial resources than middle-SES families.
This can result in a range of differences in areas such as access to healthcare, education, and housing, as well as differences in employment opportunities and job security. Low-SES families may also face greater challenges in providing for their basic needs, such as food and clothing, and may have limited access to social and cultural resources.
In contrast, middle-SES families generally have more financial stability and resources, which can provide them with greater opportunities and advantages in these areas. However, it's important to note that SES is a complex and multifaceted construct, and there can be significant variation within and between different SES groups.
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Consider Indive Corp. which reported earnings of $750,000. Without new projects, the company will continue to generate earnings of $750,000 in perpetuity. Indive has a new project that will generate additional earnings of $100,000 each year in perpetuity. Assume that all earnings are paid as dividends and that the company requires a 14% rate of return. What is the price-earnings (P/E) ratio of the company if it undertakes this project? 7.00 6.88 7.20 7.14
The correct answer is 7.14. Indive Corp. which reported earnings of $750,000. Without new projects, the company will continue to generate earnings of $750,000 in perpetuity.
The price-earnings (P/E) ratio of the company is determined by dividing the market value of the company by its earnings. To calculate the market value of the company, we need to first calculate the present value of the perpetuity of the new project earnings. Using the formula for present value of a perpetuity, we get:
Present value = Annual earnings / Required rate of return
Present value of new project earnings = $100,000 / 0.14 = $714,285.71
Adding this to the perpetuity of existing earnings, we get the total earnings of the company as:
Total earnings = $750,000 + $100,000 = $850,000
The market value of the company can be calculated as:
Market value = Total earnings / Required rate of return
Market value of the company = $850,000 / 0.14 = $6,071,428.57
Finally, the P/E ratio can be calculated as:
P/E ratio = Market value / Earnings
P/E ratio of the company = $6,071,428.57 / $850,000 = 7.14
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in order for an individual to bring a claim for a private nuisance, they must show:that the source of the nuisance is polluting the air or water.that the source of the nuisance is not a source of economic survival.a harm separate and distinct from that of the public.a harm similar to that of the public.assessment questionwhat are two remedies a plaintiff may seek from the court when bringing a nuisance claim?court ordered dissolution of the businessinjunctionfinancial compensationjail time
Two remedies a plaintiff may seek from the court when bringing a nuisance claim are injunction and financial compensation. Injunction is a court order that requires the defendant to stop the activity causing the nuisance.
Financial compensation, on the other hand, is a monetary award that seeks to compensate the plaintiff for the harm suffered as a result of the nuisance. This may include damages for property loss, medical bills, or loss of enjoyment of the property.It is important to note that the court ordered dissolution of the business and jail time are not remedies available in a private nuisance claim. These are extreme measures that are typically reserved for cases involving criminal offenses or serious violations of public health and safety regulations. In the case of private nuisance, the court seeks to balance the interests of the plaintiff and defendant while ensuring that the harm caused by the nuisance is minimized. This may involve imposing restrictions on the defendant's activity or requiring them to take steps to reduce the harm caused by their actions. Ultimately, the goal of the court is to provide a fair and just resolution to the dispute while promoting the economic and social welfare of the community. It is a preventive measure that seeks to avoid future harm.
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what is the name for a retailer that offers consumer food and general merchandise in the same store?
A retailer that offers both consumer food and general merchandise in the same store is commonly known as a "supercenter" or a "hypermarket."
These types of stores provide a one-stop shopping experience for customers who can find everything from groceries, clothing, electronics, and home goods all under one roof.
Supercenters and hypermarkets have become increasingly popular in recent years due to their convenience and competitive pricing. They allow customers to save time and money by offering a wide range of products in one location.
These retailers often have larger floor space than traditional grocery or department stores, allowing them to carry a broader selection of products. Some examples of supercenters and hypermarkets include Walmart Supercenters, Target, and Carrefour.
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true or false: if nbc airs a shampoo commercial that makes false claims, the shampoo brand itself, the ad agency that helped create the commercial, and nbc would all be held liable for damages to competitors and customers.
True. If a shampoo commercial that airs on NBC makes false claims, all parties involved, including the shampoo brand, the ad agency that created the commercial, and NBC could be held liable for damages to competitors and customers.
It is important for advertisers to ensure that their claims are truthful and supported by evidence to avoid legal repercussions.
Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company1. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs1. COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin
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northern air would like to sell 2,900 shares of stock using dutch auction underwriting. the bids received are:
Northern air would like to sell 2,900 shares of stock using dutch auction underwriting. the bids received are (B) Sell the shares at $45 per share.
The Dutch auction underwriting method starts with a high asking price that is gradually lowered until there are enough bids to sell all the shares. In this case, Northern Air would like to sell 2,900 shares of stock using the Dutch auction underwriting method. The bids received are as follows:
300 shares at $50 per share
500 shares at $48 per share
700 shares at $45 per share
800 shares at $43 per share
900 shares at $40 per share
To determine the clearing price, the underwriter will start with the highest asking price, which is $50 per share, and gradually lower it until all 2,900 shares are sold. The clearing price is the lowest price at which all the shares can be sold.
Based on the bids received, the underwriter should sell the shares at $45 per share, as this is the highest price at which all 2,900 shares can be sold. If the underwriter were to sell the shares at a higher price, they would not be able to sell all the shares. Conversely, if the underwriter were to sell the shares at a lower price, they would be leaving money on the table. Therefore, selling the shares at $45 per share is the optimal solution for Northern Air.
The correct option is B.
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an analyst is building a dcf for anderson plastics, a publicly-traded plastics manufacturer, with 120 million shares of common stock currently outstanding and trading at $85 per share. using the unlevered approach, the analyst calculates enterprise value of $3 billion and net debt of $800 million ($1 billion in gross debt, less $200 million in cash). after checking her work, she realizes that she did not reflect the following information in her calculations: there is a $100 million convertible preferred stock on the balance sheet. there are 200,000 preferred shares outstanding, with a liquidation value of $500 per share, and each convertible into 4 shares of common stock at the option of the holder. the preferred shareholders receive no preferred dividends. which of the following is the most appropriate adjustment needed to reflect the preferred stock details above? to answer the question, treat out-of-the-money convertible preferred stock as a debt-equivalent claim with no equity component and in-the-money convertible preferred stock as straight equity with no debt component. the analyst should increase net debt from $800 to $900 million. to arrive at equity value per share, divide the equity value by a diluted share count of 120.0 million. the analyst should leave net debt unchanged at $800 million. to arrive at equity value per share, divide the equity value by a diluted share count of 120.8 million. the analyst should leave net debt unchanged at $800 million. to arrive at equity value per share, divide the equity value by a diluted share count of 120.0 million. the analyst should increase net debt from $800 to $900 million. to arrive at equity value per share, divide the equity value by a diluted share count of 120.8 million. the analyst should leave net debt unchanged. to arrive at equity value per share, divide the equity value by a diluted share count of 120.2 million.
The most adjustment needed to reflect the preferred stock details above is to increase net debt from $800 to $900 million. To arrive at equity value per share, divide the equity value by a diluted share count of 120.8 million.
The $100 million convertible preferred stock needs to be added to the net debt calculation, as it is a debt-equivalent claim. Since the preferred shares are convertible into common shares, they should be included in the diluted share count. Since each preferred share can be converted into four common shares, 200,000 preferred shares will add 800,000 common shares to the total share count. Therefore, the diluted share count will be 120.8 million. Dividing the enterprise value by the diluted share count will give us the equity value per share.
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an internal service fund normally uses which of the following budgetary accounts? group of answer choices estimated revenues. encumbrances. an internal service fund normally does not use budgetary accounts. appropriations.
An internal service fund normally uses budgetary accounts for estimated revenues, appropriations, and encumbrances.
The correct answer is: an internal service fund normally does not use budgetary accounts.Internal service funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies within a government organization. These funds operate on a cost-reimbursement basis, so they typically do not use budgetary accounts like estimated revenues, encumbrances, or appropriations.
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https://brainly.com/question/14955672#SPJ11agriculture in india is protected becausea.it is important for national security.b.it is relatively inefficient.c.it is not an important source of employment.d.it is an infant industry.
The agriculture in India is protected because (a) it is important for national security. To cultivate the soil, develop crops, and care for livestock is the art and science of agriculture.
Agriculture is a crucial sector for India's economy and national security for several reasons. Firstly, it provides food for the country's large population, ensuring self-sufficiency and reducing dependence on imported food. Secondly, it is a significant source of employment, as nearly 50% of India's workforce is employed in agriculture. This contributes to rural development and poverty alleviation. Lastly, agriculture also supports several allied industries and sectors, making it vital for India's overall economic stability.
Agriculture in India is protected primarily because of its importance for national security. Providing food for India's large population ensures self-sufficiency and reduces dependence on imports, while also employing nearly 50% of the workforce, contributing to rural development and poverty reduction. Furthermore, agriculture supports several allied industries, making it vital for India's economic stability.
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A competitive analysis of Starbucks entering new markets includes all of the following EXCEPT:
a. McDonalds new store format in Saudi Arabia
b. Espresso drinks being offered at Dunkin Donuts
c. The positioning of Burger King selling coffee drinks.
d. The number of new coffee drinkers in the United States every year
When conducting a competitive analysis for Starbucks entering new markets, we consider many factors except for the number of new coffee drinkers in the United States every year. Option D is correct.
A competitive analysis of Starbucks entering new markets would focus on analyzing and comparing the strengths, weaknesses, opportunities, and threats posed by its competitors. While the number of new coffee drinkers in the United States every year is important market information, it is not directly related to a competitive analysis of Starbucks entering new markets.
The other options (McDonald's new store format in Saudi Arabia, Espresso drinks being offered at Dunkin Donuts, and the positioning of Burger King selling coffee drinks) are all examples of potential competitors that Starbucks would need to consider in their competitive analysis.
Therefore, option D is correct.
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an accrual-basis c corporation that prepared its financial statements based on gaap recorded $800,000 of credit loss expense. the total amount of customer accounts that actually became worthless was $930,000. in respect to credit loss expense, what type of disclosure should the corporation show on schedule m-3?
In respect to the credit loss expense, the corporation should show a book-tax difference on Schedule M-3.
Schedule M-3 is a tax form that requires corporations to disclose book-tax differences between their financial accounting records and tax accounting records. Since the corporation recorded $800,000 of credit loss expense based on GAAP, but the actual amount of customer accounts that became worthless was $930,000, there is a book-tax difference of $130,000.
The corporation should report this book-tax difference on Schedule M-3 to show that there is a difference between the financial accounting records and the tax accounting records in regards to credit loss expense. This is important for tax purposes because the corporation may be able to deduct the actual amount of customer accounts that became worthless on its tax return, which would result in a lower tax liability.
In summary, the corporation should show a book-tax difference on Schedule M-3 in respect to the credit loss expense, reflecting the difference between the amount of credit loss expense recorded based on GAAP and the actual amount of customer accounts that became worthless.
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research suggests that you can eliminate random risk by holding ____ or more stocks and bonds.
Research suggests that you can eliminate random risk by holding 20 or more stocks and bonds.
Random risk, also known as unsystematic risk or diversifiable risk, refers to the risk connected with unique companies or industries, such as the risk of a certain company encountering financial troubles or an industry-specific incident affecting a company's stock performance.
Diversification is a risk-mitigation approach that investors might employ. Investors can spread their money over a variety of companies and industries by investing in a diversified portfolio of stocks and bonds, minimising their exposure to the hazards of any particular company or industry.
This can serve to reduce the influence of any single firm or industry-specific incident on the portfolio's overall performance.
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how to construct a risk-free portfolio using two assets? for example, recall the in-class example, where i constructed a risk free portfolio from two companies that sell beer to nicks and nets under a mutually exclusive arrangment. find two assets with correlation between them bigger than 0 but smaller than 1 find two assets with correlation between them equal to -1 find two assets with correlation between them equal to 1 find two assets with correlation between them bigger than -1 but smaller than 0
By combining assets with low or negative correlation, we can construct a risk-free portfolio that minimizes exposure to market risk and provides a more stable return on investment. However, it is important to note that there is no such thing as a completely risk-free portfolio, as all investments carry some degree of risk.
Explanation:
To construct a risk-free portfolio using two assets, let's consider the following scenarios:
you need to find assets that have a low or negative correlation between them. This will help to reduce the overall risk of the portfolio.
For example, if you want to create a risk-free portfolio using two companies that sell beer to nicks and nets under a mutually exclusive arrangement, you need to find two companies that have a low correlation between them.
To find two assets with a correlation between them bigger than 0 but smaller than 1, you could consider pairing two stocks from different sectors or industries that have different risk profiles. For instance, you could combine a tech stock with a utility stock.
To find two assets with a correlation between them equal to -1, you could look for a pair of assets that move in opposite directions. For example, you could combine a stock with an inverse ETF that bets against that same stock.
To find two assets with a correlation between them equal to 1, you would need to look for assets that move in perfect unison. This is very rare, but if you can find two companies that operate in the same industry and have very similar business models, this might be possible.
Finally, to find two assets with a correlation between them bigger than -1 but smaller than 0, you could consider pairing a stock with a commodity or currency that moves in the opposite direction. For example, if you believe that the US dollar will weaken, you could pair a US stock with a foreign currency ETF.
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suppose households supply 600 billion hours of labor per year and have a tax elasticity of supply of 0.15. if the tax rate is decreased by 10 percent, by how many hours will the supply of labor change?
The tax elasticity of supply measures the responsiveness of the supply of labor to changes in the tax rate.
In this case, if households supply 600 billion hours of labor per year and have a tax elasticity of supply of 0.15, a 10 percent decrease in the tax rate would lead to a change in the supply of labor of:
(0.15) x (600 billion hours) x (-0.10) = -9 billion hours
Therefore, the supply of labor would decrease by 9 billion hours.
The tax incidence relies upon on the relative fee elasticity of furnish and demand. When furnish is greater elastic than demand, customers bear most of the tax burden. When demand is greater elastic than supply, producers undergo most of the value of the tax. Tax revenue is large the greater inelastic the demand and grant are.
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https://brainly.com/question/29481799#SPJ11g the interest rate on the subsidized student loans is 3.73% per year compounded yearly. to the nearest year, how long will it take the average anthropology student to pay off their student loan debt? (5 points)
It will take the average anthropology student to pay off their student loan debt with an interest rate of 3.73% per year compounded yearly, we need some additional information such as the amount of the loan and the amount of yearly payments. However, I can guide you on how to solve this problem once you have that information:
1. Determine the amount of the student loan (let's call it P) and the amount of yearly payments (let's call it A).
2. Use the future value of annuity formula: FV = A * [(1 + r)^n - 1] / r, where FV is the future value of the annuity, A is the yearly payment, r is the interest rate (3.73% as 0.0373), and n is the number of years.
3. Since we want to find out when the loan will be paid off, we should set FV equal to the initial loan amount (P).
4. Solve the equation P = A * [(1 + 0.0373)^n - 1] / 0.0373 for n. You can use a financial calculator or spreadsheet software to solve this equation.
5. Round the value of n to the nearest whole number to find the number of years it will take to pay off the student loan debt.
Once you have the loan amount and yearly payment information, you can follow these steps to find the answer to your question.
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_____ are companies that have a small share of a slow-growing market.
Niche companies are companies that have a small share of a slow-growing market.
Niche companies are businesses that focus on serving a specific segment or niche within a market. They typically have a relatively small market share due to their specialized nature. These companies often operate in markets that are slow-growing or have limited opportunities for expansion. Instead of trying to compete with larger and more established competitors in broader markets, niche companies carve out their own unique space by catering to the specific needs and preferences of a targeted customer base.
By specializing in a particular niche, these companies can differentiate themselves, build a loyal customer base, and find success within their chosen market segment, despite the overall market's slow growth.
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When Bob bought his house, he got his mortgage through a bank. The mortgage was a personal, amortized loan for $90,000, at an interest rate of 3.35%, with monthly payments for a term of 30 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. (a) Find Bob's monthly payment $____. (b) If Bob pays the monthly payment each month for the full term, find his total amount to repay the loan. $ ____. (c) If Bob pays the monthly payment each month for the full term, find the total amount of interest he will pay. $___
(a) Bob's monthly payment is $393.24.
(b) The total amount to repay the loan after the full term is $141,565.20.
(c) The total amount of interest Bob will pay over the full term is $51,565.20.
step-by-step explanation:
(a) To find Bob's monthly payment, we'll use the mortgage payment formula:
Monthly Payment = P * (r(1 + r)^n) / ((1 + r)^n - 1)
Where:
P = principal amount ($90,000)
r = monthly interest rate (3.35% / 12 / 100 = 0.00279167)
n = number of payments (30 years * 12 months/year = 360 payments)
Monthly Payment = 90000 * (0.00279167(1 + 0.00279167)^360) / ((1 + 0.00279167)^360 - 1)
Monthly Payment ≈ $393.24
(b) To find the total amount to repay the loan, multiply the monthly payment by the number of payments:
Total Repayment = Monthly Payment * Number of Payments
Total Repayment = $393.24 * 360
Total Repayment ≈ $141,565.20
(c) To find the total amount of interest Bob will pay, subtract the principal amount from the total repayment:
Total Interest = Total Repayment - Principal Amount
Total Interest = $141,565.20 - $90,000
Total Interest ≈ $51,565.20
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a recently married couple each owned a home before getting married. the homes are now owned as:separate property.joint tenants.life tenants.tenants by the entirety.
The homes that the recently married couple owned before getting married would initially be considered their separate property. However, if they decide to combine their assets and own the properties together, they can choose to hold the homes as joint tenants.
This means that they each have an equal share in the properties and if one spouse passes away, the other automatically inherits their share.
Alternatively, they can choose to hold the properties as life tenants, which means that they have the right to use and enjoy the properties during their lifetimes but the ownership reverts back to the original owners or their heirs upon their death.
Finally, if the couple wants to protect their assets in case of a divorce or legal dispute, they can choose to hold the properties as tenants by the entirety. This means that the properties are owned by the couple as a single unit and cannot be divided or sold without both parties agreeing. It also provides certain legal protections and benefits in case of bankruptcy or lawsuits.
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Lydia, James, and Lola’s partnership calls for the following allocation of income: James and Lola are to receive lump sum salary payments of $25,000 each, Lydia and Lola are to receive interest of 5% of their ending capital balances, if there’s a profit James is to receive a bonus equal to 10% of the profit, and any remaining income is to be split between Lydia, James, and Lola 40%, 20%, and 40% respectively. Lydia, James, and Lola’s ending capital balances were $100,000, $50,000, and $150,000 respectively. If there was a partnership net profit of $400,000, how much was allocated to James in total?
Question 15 options:
a)$124,000
b)$65,000
c)$151,500
d)$124,500
James will be allocated (d) $124,500 in total with the net profit of partnership.
To determine how much was allocated to James in total, we need to follow the allocation guidelines in the partnership agreement.
First, James and Lola each receive a lump sum salary payment of $25,000, which means James has received $25,000 so far.
Next, Lydia and Lola receive interest of 5% of their ending capital balances. Lydia's ending capital balance was $100,000, so she receives an interest payment of $5,000 (5% of $100,000). Lola's ending capital balance was $150,000, so she receives an interest payment of $7,500 (5% of $150,000).
Then, if there's a profit, James receives a bonus equal to 10% of the profit. The partnership net profit was $400,000, so James receives a bonus payment of $40,000 (10% of $400,000).
Finally, any remaining income is split between Lydia, James, and Lola at a ratio of 40%, 20%, and 40% respectively. To determine how much each partner receives, we need to calculate their share of the remaining income after the salary payments, interest payments, and bonus payment have been made.
The total amount paid out for salaries and interest payments is $25,000 + $25,000 + $5,000 + $7,500 = $62,500. The total bonus payment to James is $40,000. Therefore, the remaining income to be split between the partners is $400,000 - $62,500 - $40,000 = $297,500.
Lydia's share of the remaining income is 40%, so she receives $119,000 ($297,500 x 0.4). James's share is 20%, so he receives $59,500 ($297,500 x 0.2). Lola's share is 40%, so she also receives $119,000 ($297,500 x 0.4).
Adding up all of James's payments, we get:
$25,000 (salary payment) + $40,000 (bonus payment) + $59,500 (share of remaining income) = $124,500
Therefore, the answer is (d) $124,500.
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________ refers to the practice of including ethnic themes within a company's mainstream marketing.
Answer: Cross cultural marketing
The term that refers to the practice of including ethnic themes within a company's mainstream marketing is known as multicultural marketing.
This type of marketing strategy involves creating and promoting products and services that specifically cater to the needs and preferences of various ethnic groups. By acknowledging and embracing the diversity of different cultures, companies can effectively engage with their target audience and build stronger relationships with them. Multicultural marketing can also help businesses expand their customer base and increase their revenue by tapping into new markets. However, it is important for companies to approach this type of marketing with sensitivity and authenticity to avoid cultural appropriation or stereotyping.
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Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,180,000 in annual sales, with costs of $875,000. The tax rate is 25 percent and the required return is 9 percent What is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e... 32.16.)
The NPV of the project is $1,310,065.32.
To calculate the NPV, we need to find the present value of the cash flows generated by the project. We first calculate the annual free cash flow (FCF) by subtracting the operating costs from the annual sales revenue and then subtracting the taxes paid on the FCF.
Year 1 FCF = ($2,180,000 - $875,000) × (1 - 0.25) = $1,086,250
Year 2 FCF = ($2,180,000 - $875,000) × (1 - 0.25) = $1,086,250
Year 3 FCF = ($2,180,000 - $875,000) × (1 - 0.25) = $1,086,250
We then find the present value of these cash flows using the required return of 9 percent and summing them up.
PV of Year 1 FCF = $1,086,250 / (1 + 0.09)^1 = $997,706.42
PV of Year 2 FCF = $1,086,250 / (1 + 0.09)^2 = $917,748.44
PV of Year 3 FCF = $1,086,250 / (1 + 0.09)^3 = $841,610.75
PV of the initial fixed asset investment = -$3,000,000
NPV = Sum of PV of cash flows - Initial investment
= $997,706.42 + $917,748.44 + $841,610.75 - $3,000,000
= $1,310,065.32
Therefore, the NPV of the project is $1,310,065.32.
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Ads based on a(n)______ appeal depend on logic and speak to the audience's intellect. A)rational. B)advertising. C)emotional. D)localized. E)melodramatic.
Ads based on a rational appeal depend on logic and speak to the audience's intellect. Option A is correct.
Ads that use a rational appeal aim to persuade the audience through logic and reasoning. They seek to appeal to the audience's intellect and convince them that the product or service being advertised is a wise and intelligent choice. Rational appeals often emphasize the practical benefits and features of the product, such as cost savings, reliability, or functionality.
These ads typically use statistics, facts, expert opinions, and logical arguments to support their claims. By presenting information in a clear, concise, and factual manner, ads using a rational appeal can help build trust and credibility with the audience, and increase the likelihood that they will take action and make a purchase.
Therefore, option A is correct.
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if an individual paid income tax in year 1 but did not file a year 1 return because his income was insufficient to require the filing of a return, the deadline for filing a refund claim is
If an individual paid income tax in year 1 but did not file a year 1 return because his income was insufficient to require the filing of a return, the deadline for filing a refund claim is generally three years from the original due date of the return.
For example, if the individual's income tax payment was made on April 15, 2017, for the tax year 2016, and the individual did not file a return for 2016 because his income was below the threshold for filing, then the deadline for filing a refund claim would be April 15, 2020.
However, if the payment was made after the original due date of the return, the deadline for filing a refund claim would be two years from the date of payment. It is important to note that the refund claim can only be filed once the individual has actually filed the return for the relevant tax year.
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all of these are risks associated with limited partnerships excepta)limited liability risk.b)business risk.c)audit and recapture risk.d)liquidity risk.
The correct answer is a. limited liability risk is not a risk associated with limited partnerships.
Limited liability is a benefit of limited partnerships, as it allows limited partners to only be liable for their investment amount in the partnership. The other options listed (business risk, audit and recapture risk, and liquidity risk) are all risks associated with limited partnerships.
Limited liability risk is not associated with limited partnerships, as limited partners' liability is typically limited to their investment in the partnership, protecting their personal assets from the partnership's debts and obligations.
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giant specialty stores, such as petsmart and circuit city, that carry a deep assortment of a particular line are known as:
Category killers are giant specialty stores that dominate their specific retail category by offering an extensive inventory, knowledgeable staff, and competitive prices.
Giant specialty stores that carry a deep assortment of a particular line are commonly referred to as "category killers." These stores are dominant players in their specific retail category, often offering a wider selection of products and services than their competitors. They are known for their extensive inventory, knowledgeable staff, and competitive prices.
PetSmart, for example, is a category killer in the pet retail industry, offering a wide range of pet-related products, including food, toys, grooming supplies, and even veterinary services. Similarly, Circuit City was a category killer in the electronics industry before its bankruptcy in 2009, offering a broad selection of electronics products such as TVs, computers, and home entertainment systems.
Category killers can be both a threat and an opportunity for smaller retailers. While they may struggle to compete on price and selection, smaller stores can differentiate themselves by providing personalized service, unique products, and specialized expertise. Nonetheless, category killers continue to be a popular destination for shoppers seeking a comprehensive selection of products and services in a particular retail category.
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wilson's antiques is considering a project with an initial cost today of $10,000. the project has a 2-year life with cash inflows of $6,500 a year. should wilson's decide to wait one year to commence this project, the initial cost will increase by 5 percent, and the cash inflows will increase to $7,500 a year. what is the value of the option to wait if the applicable discount rate is 10 percent? group of answer choices 1006.76 1235.74 1317.57 1159.54
The value of the option to wait if the applicable discount rate is 10 percent is $1,235.03, which is closest is 1235.74, the correct option is B.
To calculate the value of the option to wait, we need to find the difference in present value between the two options: starting the project now or waiting one year.
If Wilson's Antiques starts the project now, the present value of the cash inflows is:
PV₁ = $6,500 ÷ (1 + 0.10)¹ + $6,500 ÷ (1 + 0.10)²
= $5,909.09 + $5,372.41
= $11,281.50
The net present value (NPV) of the project if started now is:
NPV₁ = PV₁ - Initial Cost
= $11,281.50 - $10,000
= $1,281.50
If Wilson's Antiques waits one year to start the project, the present value of the cash inflows is:
PV₂ = $7,500 ÷ (1 + 0.10)¹ + $7,500 ÷ (1 + 0.10)²
= $6,818.18 + $6,198.35
= $13,016.53
The net present value (NPV) of the project if started one year later is:
NPV₂ = PV₂ - Initial Cost × (1+0.05)
= $13,016.53 - $10,500
= $2,516.53
The value of the option to wait is the difference between the NPV of starting the project one year later and the NPV of starting it now:
Option Value = NPV₂ - NPV₁
= $2,516.53 - $1,281.50
= $1,235.03
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The correct question is:
Wilson's antiques is considering a project with an initial cost today of $10,000. The project has a 2-year life with cash inflows of $6,500 a year. Should Wilson decide to wait one year to commence this project, the initial cost will increase by 5 percent, and the cash inflows will increase to $7,500 a year. What is the value of the option to wait if the applicable discount rate is 10 percent? group of answer choices
A) 1006.76
B) 1235.74
C) 1317.57
D) 1159.54
noel and lyle have a contract whereby noel is to perform routine construction services according to the blueprints that lyle has provided. noel assigns the contract to david. as a result of this assignment: a. noel has no more rights or responsibilities with regard to the contract. b. noel has all of his rights under the contract, but he has no responsibility for the performance of the duties. c. noel no longer has any rights under the contract, but he remains responsible for the duties he agreed to perform. d. lyle can bring suit based upon detrimental reliance
The correct answer is option B. When Noel assigns the contract to David, Noel transfers his rights under the contract to David. However, Noel remains responsible for the performance of the duties he agreed to perform under the contract.
The assignment of a contract is a common business practice whereby one party transfers his rights and obligations under the contract to another party. Reliance is an important aspect of contracts. When parties enter into a contract, they rely on the other party to perform their obligations. In this case, Lyle relied on Noel to perform routine construction services according to the blueprints that he provided. The assignment of the contract to David does not release Noel from his obligations under the contract. In conclusion, when Noel assigns the contract to David, Noel retains his rights under the contract but is no longer responsible for the performance of the duties. David assumes all the rights and responsibilities of Noel under the contract. Lyle cannot bring suit based upon detrimental reliance as Noel remains responsible for his obligations under the contract.David assumes all the rights and responsibilities of Noel under the contract.
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research shows that applicants respond positively to certain characteristics and behaviors of recruiters. research supports that recruiters should be all of the following except: group of answer choices funny informative realistic warm
Research indicates that applicants generally respond positively to specific characteristics and behaviors exhibited by recruiters. However, not all of these attributes are equally effective in fostering a successful recruitment process.
Among the qualities listed - funny, informative, realistic, and warm - it appears that being "funny" is the least essential for recruiters to possess. While humor can potentially ease tensions and create a friendly atmosphere, it is not considered a crucial trait for recruiters. In contrast, being informative, realistic, and warm are more significant qualities to have. Informative recruiters provide clear and accurate information about the job, company, and expectations, enabling applicants to make informed decisions. Realistic recruiters help set proper expectations for the job role and company culture, avoiding potential dissatisfaction or misunderstandings later on. Finally, warm recruiters create a welcoming environment, demonstrating empathy and genuine interest in the applicants, which can positively influence their decision to join the company. In summary, although humor can have some benefits, it is not considered a vital characteristic for recruiters. Focusing on being informative, realistic, and warm will better contribute to a positive recruitment experience and successful outcomes.
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john is a seller in an affiliated-values auction environment where bidders are risk neutral. which auction yields john the greatest expected revenue
The auction that yields John the greatest expected revenue in an affiliated-values auction environment where bidders are risk neutral is the first-price sealed-bid auction.
In a first-price sealed-bid auction, bidders submit their bids in secret, and the highest bidder wins the item and pays the amount they bid. In an affiliated-values auction, bidders have access to information about the value of the item being auctioned, but the actual value is not known to all bidders.
In an affiliated-values auction, the bidders' values are related, meaning that they have common values and private information that affect their bids. There are four main types of auctions: English (ascending), Dutch (descending), First-price sealed-bid, and Second-price sealed-bid (Vickrey).
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as a money management fee, mutual funds usually charge their customers a. between 0.25 and 2.0 percent of assets each year. b. between 1.5 and 3.0 percent of assets each year. c. nothing, because they receive commissions from the firms whose stock they buy.
In terms of money management fees, mutual funds typically charge their customers between 0.25 and 2.0 per cent of assets each year. So, the correct answer is option A.
The answer is a. Mutual funds typically charge their customers a management fee that ranges between 0.25 and 2.0 per cent of assets each year. This fee is charged to cover the expenses associated with managing the fund, such as research, trading, and administration costs. It's important for investors to consider these fees when choosing mutual funds as they can impact overall returns. It's also worth noting that some mutual funds may also charge additional fees, such as sales charges or redemption fees, so it's important to carefully review the fund's prospectus before investing.
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