We can calculate the cost of equity using the CAPM and bond yield plus risk premium approaches. The CAPM cost of equity is 9% and the bond yield plus risk premium is 10%.
To calculate the firm's cost of equity using three different approaches, we can use the following methods:
1. (Capital Asset Pricing Model) cost of equity:CAPM cost of equity = Risk-free rate + Beta * Equity risk premium
The inputs required for this calculation are the risk-free rate, beta, and the equity risk premium. Since these values are not provided, I will use some commonly used estimates for illustration purposes.
Let's assume:
Risk-free rate = 3%Beta = 1.2
Equity risk premium = 5%
CAPM cost of equity = 3% + 1.2 * 5% = 3% + 6% = 9%
2. Bond yield plus risk premium:This approach involves adding a risk premium to the current yield of the firm's bond . Since the bond yield is not provided, I will assume it to be 4% for illustration purposes.
Bond yield plus risk premium = Bond yield + Risk premium = 4% + 6% = 10%
3. DCF (Dividend Discount Model) cost of equity:
This approach calculates the cost of equity based on the present value of expected future dividends.
Since information about dividends is not provided, it is not possible to calculate the DCF cost of equity.
Using the given information, we can calculate the cost of equity using the CAPM and bond yield plus risk premium approaches. The CAPM cost of equity is 9% and the bond yield plus risk premium is 10%.
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Which of the following sources are "administrative" sources of the tax law?
Select one or more:
a.
Revenue rulings
b.
IRS Letter Rulings
c.
Supreme Court's Decision
d.
Revenue procedures
e.
The Internal Revenue Code
f.
Federal Income Tax textbook
g.
Technical Advice Memoranda
h.
Floor Reports of the Senate
i.
Decisions made by the 2nd circuit Court of Appeals
j.
Decisions of US District Courts
k.
Tax articles published in Tax Law Review journals
Administrative sources of the tax law include revenue rulings, IRS (Internal Revenue Service) letter rulings, revenue procedures, and technical advice memoranda. These sources are issued by the IRS to provide guidance and interpretations of the tax law for specific situations or issues.
The administrative sources of the tax law include:
a. Revenue rulings
b. IRS Letter Rulings
d. Revenue procedures
g. Technical Advice Memoranda
These sources are issued by the Internal Revenue Service (IRS) and provide guidance and interpretations of the tax law for specific situations or issues. The IRS has the authority to issue rulings, procedures, and memoranda to assist taxpayers in understanding and complying with the tax law.
Other sources mentioned in the options are not considered administrative sources of the tax law:
c. Supreme Court's Decision - This refers to judicial sources of the tax law.
e. The Internal Revenue Code - This is the statutory source of the tax law.
f. Federal Income Tax textbook - This is a secondary source of information but not an official administrative source.
h. Floor Reports of the Senate - This refers to legislative history rather than an administrative source.
i. Decisions made by the 2nd circuit Court of Appeals - This refers to judicial sources of the tax law.
j. Decisions of US District Courts - This also refers to judicial sources of the tax law.
k. Tax articles published in Tax Law Review journals - These are scholarly articles and not administrative sources of the tax law.
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The auditor's primary responsibility is to report to the Canada Revenue Agency. prepare financial statements. report to standard setters. review financial statements and discuss them with management.
The main responsibility of an auditor is to review financial statements and discuss them with management.
An auditor's primary responsibility is to review the financial statements of an organization and discuss them with management. This involves conducting an in-depth examination of the financial records, transactions, and operations of the company to ensure accuracy, compliance with laws and regulations, and the application of appropriate accounting principles. The auditor analyzes the financial statements, including the balance sheet, income statement, and cash flow statement, to assess their fairness, completeness, and reliability. They also evaluate internal controls and risk management processes to identify any potential weaknesses or areas for improvement. After the review, the auditor holds discussions with the company's management to provide insights, recommendations, and observations on the financial statements. While auditors may interact with various stakeholders, their primary reporting responsibility is to the organization itself, not specifically to the Canada Revenue Agency or standard setters.
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In 2018, Usher Sports Shop had cash flows from investing activities of $400,000 and cash flows from financing activities of −$478,000. The balance in the firm’s cash account was $629,000 at the beginning of 2018 and $608,000 at the end of the year.
Calculate Usher Sports Shop’s cash flow from operations for 2018.
I apologize for the inconvenience, but without the necessary information, it is not possible to calculate Usher Sports Shop's cash flow from operations for 2018.
To calculate Usher Sports Shop's cash flow from operations for 2018, we can use the indirect method.
The formula for cash flow from operations is:
Cash flow from operations = Net income + Non-cash expenses - Changes in working capital
To begin, we need to find the net income. Unfortunately, the question does not provide this information.
We can calculate the change in working capital.
Change in working capital = Ending working capital - Beginning working capital
To find the working capital, we need to subtract the current liabilities from current assets. Since the question does not provide this information, we cannot proceed further in calculating the cash flow from operations.
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Which of the following is not true? A. Consumers purchase goods
and services to satisfy needs and wants. B. Goods are intangible.
C. Services don't have to be monetary. D. Marketing is the
distributio
The statement that is not true is Goods are intangible. Goods refer to tangible products that can be touched, seen, or held, such as physical items like clothing, electronics, or furniture. (Option B)
A. Consumers purchase goods and services to satisfy needs and wants. This statement is true. Consumers engage in economic transactions to fulfill their needs and desires by acquiring goods and services.
B. Goods are intangible. This statement is false. Goods are tangible products that can be perceived through the senses and physically possessed.
C. Services don't have to be monetary. This statement is true. Services can be non-monetary in nature, such as volunteering, providing assistance, or offering advice without any financial exchange involved.
D. Marketing is the distribution of goods and services. This statement is true. Marketing encompasses various activities, including advertising, promotion, and distribution, aimed at creating awareness, generating demand, and facilitating the exchange of goods and services between producers and consumers.
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The complete question is: Which of the following is not true? A. Consumers purchase goods and services to satisfy needs and want. B. Goods are intangible. C. Services don't have to be monetary. D. Marketing is the distribution of goods and services.
Consider a 6.3% coupon $100,000 face semi-annual ABC Corp. bond maturing June 20, 2033. James buys this bond from Carey on June 20, 2022 for $90,683.76 and sells it to you on December 20, 2027 for $97,088.84. What is James's realized yield on this investment (rounded % to three places after the decimal)? Note: Transaction dates are settlement dates.
To calculate James's realized yield on the investment, use the bond's purchase price, cash flows, and face value at maturity to determine the yield using the IRR function, then multiply it by 2 to obtain the annual yield.
To calculate James's realized yield on the investment, we can follow these steps:
1. Determine the number of periods until the bond's maturity. In this case, the bond matures in 11 years, which equals 22 semi-annual periods.
2. Calculate the semi-annual coupon payment. The bond has a coupon rate of 6.3%, and since it pays semi-annually, the coupon payment is calculated as ($100,000 x 6.3%) / 2 = $3,150.
3. Calculate the total cash flow James receives from the bond. James will receive the semi-annual coupon payment of $3,150 for 22 periods, in addition to the bond's face value of $100,000 at maturity.
4. Use the IRR (Internal Rate of Return) function to determine the yield. Set the bond's purchase price as a negative cash flow (-$90,683.76) and include the remaining cash flows ($3,150) for each semi-annual period until maturity, as well as the final cash flow of $100,000 at maturity. The IRR function will calculate the yield to maturity.
5. Convert the semi-annual yield to an annual yield by multiplying it by 2, as there are two semi-annual periods in a year.
By applying these steps with the given information, you can calculate James's realized yield on the investment.
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If the interest rate is 15%, what is the present value of a security that pays you $1,100 next year, $1,250 the year after, and $1,347 the year after that?
The present value of the security, considering the given cash flows and an interest rate of 15%, is approximately $3,046.47. The calculation is shown in the attached image below.
Present value is a financial concept that refers to the current value of a future stream of cash flows or a future sum of money, discounted to reflect the time value of money. It represents the worth or value of an amount of money in today's terms, taking into account the potential earning capacity or interest that could be gained by investing the money.
The concept of present value is based on the principle that money available in the future is considered less valuable than the same amount of money available today.
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Suppose that the cost to the employee of working hard is $200. If the employee works hard, the firm will be satisfied with his performance with probability one. If the employee does not work hard, the firm detects this lack of effort with probability p. If the firm discovers that the employee has not worked hard, the employee's performance is judged to be unsatisfactory and he is fired. The current wage for the employee is $900. If the employee is fired, he immediately obtains his next-best employment opportunity, which pays $300. The employee will choose to work hard if p is greater than
If p is greater than 0.5, then the employee will choose to work hard.
Suppose that the cost to the employee of working hard is $200. If the employee works hard, the firm will be satisfied with his performance with probability one. If the employee does not work hard, the firm detects this lack of effort with probability p. If the firm discovers that the employee has not worked hard, the employee's performance is judged to be unsatisfactory, and he is fired. The current wage for the employee is $900. If the employee is fired, he immediately obtains his next-best employment opportunity, which pays $300.
The expected payment from the employee's perspective is as follows:
If the employee works hard, then the wage earned by the employee = $900 - $200
= $700. If the employee works hard, then the employee earns a wage of $700. The probability of working hard is 1.Now let's consider the case of the employee not working hard.
There are two possibilities: the employee will be caught, or the employee will not be caught. If the employee is not caught, the employee will earn a wage of $900 - $200
= $700. If the employee is caught, the employee will earn a wage of $300, because that is the next best employment opportunity for the employee.
Therefore, if the employee does not work hard, then the expected wage is:
Expected wage = (1 - p) × 700 + p × 300
Expected wage = 700 - 400p
Therefore, if the employee is indifferent between working hard and not working hard, then the expected wage for the two options must be equal. Therefore:
Expected wage if the employee works hard = Expected wage if the employee does not work hard
700 = 700 - 400
pp = 0.5
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Organizations that emphasize the behavior of their employees rather than the processes and procedures involved are aiming togroup of?
Organizations that emphasize the behavior of their employees rather than the processes and procedures involved are aiming to cultivate a culture or group of individuals focused on "organizational behavior" or "behavioral culture."
Organizations that prioritize the behavior of their employees over processes and procedures are typically aiming to foster an organizational culture that values and emphasizes the actions, attitudes, and interactions of its employees. This focus on behavior acknowledges that the way employees behave and interact with each other, customers, and stakeholders can significantly impact the organization's overall performance and success.
By emphasizing employee behavior, organizations seek to create a positive work environment that promotes collaboration, teamwork, effective communication, adaptability, and innovation. They recognize that employee behavior is a key driver of productivity, customer satisfaction, and overall organizational effectiveness.
Rather than solely relying on strict adherence to processes and procedures, these organizations prioritize aspects such as individual and team dynamics, emotional intelligence, ethical decision-making, leadership qualities, and employee engagement. They encourage employees to demonstrate desirable behaviors, such as taking ownership, being proactive, embracing change, practicing effective conflict resolution, and continuously learning and improving.
Cultivating a behavioral-focused culture involves setting clear expectations for behavior, providing training and development opportunities, implementing performance management systems that assess and reward desired behaviors, and fostering open communication channels where employees feel empowered to express their ideas, concerns, and feedback.
By nurturing a culture that emphasizes behavior, organizations aim to create a positive and engaging work environment that drives employee satisfaction, retention, and ultimately contributes to the organization's overall success.
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On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 50 televisions at a cost of $150 each. Century received a 10/5/2 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $80 freight. Terms were 4/10 EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On April 8 , Century sent a $205 partial payment. Century will pay the balance on May 6 . What is Century's final payment on May 6 ? Assume no taxes. Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Century's final payment on May 6 is $5985.75.
To calculate Century's final payment on May 6, we need to consider the chain discount, returns, and payment terms.
Calculate the net cost of the televisions after the chain discount:
- The chain discount is 10/5/2, which means there are three successive discounts: 10%, 5%, and 2%.
- To find the net cost, we apply each discount one by one:
- First discount: 50 televisions x $150 = $7500
- After a 10% discount, the cost is $7500 - (10% of $7500) = $6750
- Second discount: $6750 - (5% of $6750) = $6412.50
- Third discount: $6412.50 - (2% of $6412.50) = $6285.75
Deduct the value of the returned sets:
- 2 defective sets x $150 per set = $300
- Final cost after returns: $6285.75 - $300 = $5985.75
Determine the payment terms:
- Terms are 4/10 EOM, which means a 4% discount is available if payment is made within 10 days of the end of the month.
- The end of the month is March, so 10 days from the end of March is April 10.
Calculate the payment amount on April 8:
- April 8 is within the discount period, so Century receives a 4% discount.
- Payment amount: $5985.75 - (4% of $5985.75) = $5744.52
Calculate the final payment on May 6:
- May 6 is beyond the discount period, so Century does not receive any discount.
- Final payment amount: $5985.75
Therefore, Century's final payment on May 6 is $5985.75.
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I need an answer for them and especially for number 4, if you can make it simple as possible just for me to understand
Forest Point Construction
At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project. To prove your point, you decide to use a simple example of a commercial steel building construction project, with eight steps. You create a hypothetical work breakdown structure, as follows:
· Prepare the site (3 days), and then set the building footers (3 days).
· Finish the foundation (5 days), and then assemble the building (3 days).
· When the building is assembled, start two tasks at once: finish the interior work (5 days) and set up an appointment for the final building inspection (15 days).
· When the interior work is done, start two more tasks at once: landscaping (7 days) and driveway paving (3 days).
· When the landscaping and driveway are done, do the painting (2 days).
· Finally, when the painting is done and the final inspection has occurred, arrange the sale (2 days).
Tasks
NOTE: create the below tasks using GanttProject.
1. What is the correct total time?
2. What is the critical path?
3. Create a Gantt chart that shows the WBS.
4. Create a PERT/CPM chart.
The correct total time for the project is calculated by adding up the durations of all the tasks in the work breakdown structure. In this case, the total time would be 3 days (Prepare the site) + 3 days (Set building footers) + 5 days.
The critical path is the longest sequence of dependent tasks that determines the overall duration of the project. In this example, the critical path would be Prepare the site (3 days) -> Set building footers (3 days) -> Finish foundation (5 days) -> Assemble building (3 days) -> Finish interior work (5 days) -> Final building inspection (15 days) -> Arrange the sale (2 days).
To create a Gantt chart that shows the WBS, you can use GanttProject or any other project management software. This chart will visually represent the tasks, their durations, and their dependencies. Each task will be represented as a bar on the chart, and the dependencies will be indicated by the ordering of the bars.
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Consider a C corporation. The corporation earns $8 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 89% of its earnings to its shareholders as a dividend. The corporate tax rate is 39%, the tax rate on dividend income is 26%, and the personal income tax rate is set at 20%. How much is the total effective tax rate on the corporation earnings?
The total effective tax rate on the corporation earnings is approximately 63.32%. The effective tax rate is a measure of the overall tax burden on an individual or entity's income. It represents the percentage of total income that is paid in taxes.
To calculate the total effective tax rate on the corporation earnings, we need to consider the corporate tax rate, the tax rate on dividend income, and the personal income tax rate.
Given:
Earnings per share before taxes = $8
Distribution percentage to shareholders = 89%
Corporate tax rate = 39%
Tax rate on dividend income = 26%
Personal income tax rate = 20%
First, we calculate the after-tax earnings of the corporation:
After-tax earnings = Earnings per share before taxes × (1 - Corporate tax rate)
After-tax earnings = $8 × (1 - 0.39)
After-tax earnings = $4.88
Next, we calculate the after-tax dividend received by shareholders:
After-tax dividend = After-tax earnings × Distribution percentage to shareholders
After-tax dividend = $4.88 × 0.89
After-tax dividend = $4.3432
Now, we calculate the total tax paid on the corporation earnings, which includes both corporate and personal taxes:
Corporate tax = Earnings per share before taxes × Corporate tax rate
Corporate tax = $8 × 0.39
Corporate tax = $3.12
Tax on dividend income = After-tax earnings × Distribution percentage to shareholders × Tax rate on dividend income
Tax on dividend income = $4.88 × 0.89 × 0.26
Tax on dividend income = $1.0768
Personal income tax on dividend received = After-tax dividend × Personal income tax rate
Personal income tax on dividend received = $4.3432 × 0.2
Personal income tax on dividend received = $0.8686
Total tax paid = Corporate tax + Tax on dividend income + Personal income tax on dividend received
Total tax paid = $3.12 + $1.0768 + $0.8686
Total tax paid = $5.0654
Finally, we calculate the total effective tax rate as a percentage of the corporation earnings:
Total effective tax rate = (Total tax paid / Earnings per share before taxes) × 100
Total effective tax rate = ($5.0654 / $8) × 100
Total effective tax rate ≈ 63.32%
Therefore, the total effective tax rate on the corporation earnings is approximately 63.32%.
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Consider the services provided by: the Australian Broadcasting Commission (ABC), a local police station, underground power lines, and further adult and community education.
(i) Are these public goods?
(ii) What methods would you employ to determine the collective value of each of these services?
Public goods are goods or services that are non-excludable and non-rivalrous. Non-excludability means that once the good or service is provided, it is available to everyone and cannot be restricted to certain individuals.
Non-rivalrous means that the consumption of the good or service by one person does not diminish its availability to others. Based on these criteria, the services provided by the Australian Broadcasting Commission (ABC), underground power lines, and further adult and community education can be considered public goods. The ABC's broadcasting services, once provided, are available to all citizens and cannot be restricted. Underground power lines benefit everyone in the community, and the provision of adult and community education opportunities benefits society as a whole. However, a local police station does not fit the definition of a public good. While it provides a valuable service to the community, it is excludable as the police can restrict access to their services.
To determine the collective value of each of these services, various methods can be employed. One common approach is conducting surveys or using contingent valuation methods to assess the willingness of individuals to pay for the service. This can provide an estimate of the value people place on the service. Another method is cost-benefit analysis, which compares the costs of providing the service to the benefits it generates. This analysis takes into account factors such as the economic impact, social benefits, and environmental effects. By quantifying these factors, a collective value can be determined. Additionally, policymakers may consider other factors such as public opinion, expert opinions, and the overall impact on society when assessing the collective value of these services.
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Topic 1 - Separate Legal Entity Doctrine
Explain the ‘separate legal entity doctrine’ in Corporations Law.
In your answer, please also ensure that you refer to at least three (3) relevant cases.[1]
[1] When referring to cases, please provide the full case citation, an overview of the facts of the case, the legal issue dealt with by the court and the court’s final decision.
Corporations Law has a rule called the "Separate Legal Entity Doctrine". This states that a corporation is its own legal entity, different from its owners. It has its own rights, responsibilities, and debts.
This lets corporations sign contracts, be sued, buy property and do business in their own name. The separate legal entity doctrine is illustrated in several cases.
In Salomon v A Salomon & Co Ltd [1897] AC 22, Mr. Salomon incorporated a company and transferred his business to it. When the company went into liquidation, the House of Lords determined that the company was a separate legal entity from Mr. Salomon, and he was not liable for the company's debts.
Similarly, in Lee v Lee's Air Farming Ltd [1961] AC 12, the court ruled that Mr. Lee was an employee of the company, separate from his capacity as a shareholder, and thus the company had to pay workers' compensation to his widow after his death while performing his duties as a pilot for the company.
In the case of Macaura v Northern Assurance Co Ltd [1925] AC 619, the court ruled that a sole shareholder of a company cannot insure something owned by the company even if they are the only shareholder. This emphasizes the separate legal entity doctrine which states that a company is distinct from its shareholders. In this case, Mr. Macaura had insured his timber in his own name but since it was owned by the company, not him personally, he did not have an insurable interest and was not covered in case of a fire.
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Suppose you are given the following demand curve for snow shovels in Aberdeen:
Qd,shovels = 150 – 25*Pshovels
a. Calculate the arch elasticity of demand given a change in price of snow shovels from $6 to $5 and $5 to $4.
b. Interpret each arc elasticity coefficient
c. Calculate the point elasticity of demand at a price of $6, $5, $4.
d. Interpret each point elasticity coefficient.
a. To calculate the arc elasticity of demand, we use the formula:
Arc Elasticity = [(Q2 - Q1) / ((Q1 + Q2) / 2)] / [(P2 - P1) / ((P1 + P2) / 2)]
For a change in price from $6 to $5:
Q1 = 150 - 25*6 = 0
Q2 = 150 - 25*5 = 125
Arc Elasticity (6 to 5) = [(125 - 0) / ((0 + 125) / 2)] / [(5 - 6) / ((5 + 6) / 2)]
For a change in price from $5 to $4:
Q1 = 150 - 25*5 = 125
Q2 = 150 - 25*4 = 100
Arc Elasticity (5 to 4) = [(100 - 125) / ((125 + 100) / 2)] / [(4 - 5) / ((4 + 5) / 2)]
b. The interpretation of each arc elasticity coefficient:
The arc elasticity coefficients indicate the responsiveness of quantity demanded to changes in price within specific price ranges.
For example, if the arc elasticity (6 to 5) is calculated to be -6.25, it means that a 1% decrease in price (from $6 to $5) leads to a 6.25% increase in quantity demanded. This suggests that the demand for snow shovels is relatively elastic in this price range, indicating that consumers are highly responsive to price changes.
Similarly, the arc elasticity (5 to 4) can be interpreted in the same manner.
c. To calculate the point elasticity of demand, we use the formula:
Point Elasticity = (dQ / dP) * (P / Q)
Using the given demand curve Qd,shovels = 150 – 25*Pshovels, we can calculate the derivative:
dQ / dP = -25
Now we can substitute the price values to calculate the point elasticities:
At a price of $6:
Point Elasticity = (-25) * (6 / (150 - 25*6))
At a price of $5:
Point Elasticity = (-25) * (5 / (150 - 25*5))
At a price of $4:
Point Elasticity = (-25) * (4 / (150 - 25*4))
d. The interpretation of each point elasticity coefficient:
The point elasticity coefficients measure the instantaneous responsiveness of quantity demanded to changes in price at specific price points on the demand curve.
For example, if the point elasticity at a price of $6 is calculated to be -0.625, it means that a 1% increase in price (from $6) leads to a 0.625% decrease in quantity demanded. This suggests that the demand for snow shovels is relatively inelastic at this price point, indicating that consumers are less responsive to price changes.
Similarly, the point elasticity coefficients at prices of $5 and $4 can be interpreted in the same manner.
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Effects of transactions on the accounting equation LO5, 7 e.cel CHECK FIGURE: Total assets =$41,450 Digital Protection Servicing provides support to customers in the area of ecommerce. Using the format p vided, show the effects of the activities listed in (a) through (f). a. Katie Copp, the owner, invested cash of $36,000 into the business. b. The owner purchased office supplies on credit; $1,150. c. Digital Protection Servicing did work for a client and received $8,100 cash. d. Completed an application form for a $15,500 government grant. e. The owner paid her assistant's salary; $5,600 cash. f. Completed work for a customer on credit; $1,800. Exercise 1-21 Effects of transactions on the CHECK FIGURE: Mailin Moon, Capital =$13.650 Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates ing March 2023, her first month of business: a. Moon invested $2,500 worth of equipment into her business along with $3,000 cash. b. Submitted a series of articles to The Globe and Mail and received $6,500cash. c. Purchased supplies on credit, $600. d. Paid the part-time administrative assistant's salary of $1,450. e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. f. Paid the rent for the first month; $1,400. g. Submitted an article to Report on Business; will receive $4,500 next month. Using the format provided below, show the effects of the activities listed in (a) through (g). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, rent expense, and salaries expense).
The effects of various activities on the accounting equation are shown, including owner investments, revenue, expenses, and liabilities. The total assets amount to $10,750, and the equity is $8,150.
To show the effects of the activities listed in (a) through (g) on the accounting equation, we'll use the format provided. Each transaction will be listed along with its effect on the relevant accounts. We'll also include a brief description of transactions that affect equity. Here are the effects of the activities:
a. Moon invested $2,500 worth of equipment into her business along with $3,000 cash.
Assets: Equipment +$2,500, Cash +$3,000
Equity: Mailin Moon, Capital +$5,500 (Owner investment)
b. Submitted a series of articles to The Globe and Mail and received $6,500 cash.
Assets: Cash +$6,500
Revenue: Revenue +$6,500
c. Purchased supplies on credit, $600.
Assets: Supplies +$600
Liabilities: Accounts Payable +$600
d. Paid the part-time administrative assistant's salary of $1,450.
Assets: Cash -$1,450
Expenses: Salaries Expense -$1,450
e. Moon ordered $3,000 of office equipment from the IKEA catalog. It is scheduled to arrive in April or May.
No immediate effect on the accounting equation.
f. Paid the rent for the first month; $1,400.
Assets: Cash -$1,400
Expenses: Rent Expense -$1,400
g. Submitted an article to Report on Business; will receive $4,500 next month.
No immediate effect on the accounting equation.
The final accounting equation would be:
Assets = Liabilities + Equity
Total Assets = Equipment + Supplies + Cash
Total Assets = $2,500 + $600 + $3,000 + $6,500 - $1,450 - $1,400
Total Assets = $10,750
Equity = Mailin Moon, Capital + Revenue - Expenses
Equity = $5,500 + $6,500 - $1,450 - $1,400
Equity = $8,150
Therefore, the effects of the activities result in a total asset value of $10,750 and an equity value of $8,150.
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There is no link between project management and concepts and theories of management. Select one: True False
False. There is indeed a link between project management and concepts and theories of management.
Project management is a specialized discipline that deals with planning, organizing, and executing projects within a specific timeframe and budget. While it has its own unique set of principles and techniques, project management is firmly rooted in the broader concepts and theories of management. The field of management encompasses various frameworks and models that provide a foundation for understanding how organizations operate and how tasks are accomplished. These concepts include but are not limited to strategic planning, organizational structure, resource allocation, risk management, and leadership.
Project management draws upon these fundamental management principles and adapts them to the context of project-based work. For instance, concepts like planning, organizing, and controlling are essential in both project management and general management. Additionally, project managers often utilize theories of motivation and communication to effectively lead and coordinate project teams. Furthermore, project management methodologies, such as Agile and Waterfall, incorporate management concepts to guide project execution and ensure successful outcomes.
In conclusion, project management is not an isolated discipline but rather integrates and applies concepts and theories from the broader field of management. Understanding these principles is crucial for project managers to effectively plan, organize, and deliver projects while considering the overall objectives and organizational context.
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which of these potential reasons were important to your decision to apply for a position/continue working with the walt disney company?*
Here are a few factors that might affect my choice to apply for a job or stay on as an employee of The Walt Disney Company:
Some factors to consider
Reputation of the business: Disney is a well-known, reputable business with a powerful brand. Getting a job at Disney would be a fantastic chance for me to improve my resume and get experience in a fun and creative workplace.
Friends or family who work for Disney: If I know someone who works for Disney, I could be more inclined to apply for a job there since I would feel more comfortable working with them and they could help me settle in.
Disney has a tuition reimbursement program that might assist staff in covering the cost of their college education. I would be able to continue my study without having to worry about the cost thanks to this wonderful perk.
Discounts and park admission: Disney has a strong commitment to its employees because it cherishes them. The corporation provides a range of perks, including paid time off, retirement programs, and health insurance. This demonstrates how Disney values its workers and cares about their happiness and success.
Social responsibility of the company: Disney is a socially conscious business that is dedicated to giving back to the community. The business encourages its staff to participate in volunteer opportunities and supports a number of charity organizations. I share this value, so it would be significant to me to work for an organization that is improving the world.
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write a project report on New coffee shop and how will be the human
resource management and communication management of the project.
words limit more than 800.
The project report outlines the human resource management and communication management strategies for the new coffee shop.
Human Resource Management: In order to ensure the success of the new coffee shop, effective human resource management practices need to be implemented. This involves recruiting and selecting skilled and passionate employees who align with the values and vision of the coffee shop.
Communication Management: Effective communication is crucial for the smooth operation of the coffee shop. Clear communication channels should be established to facilitate the exchange of information between employees, managers, and customers.
Overall, the successful management of human resources and communication is essential for the new coffee shop's growth and sustainability.
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Why might investors want to hold tobacco bonds? Select one: a. because they pay high interest rates b. because they are a way to diversify their holdings c. because some of the bonds were backed by the states d. all of the above could apply Which of the following would be true? Select one: a. Equity financing allows the issuer to share the risks with the investor, as payments are dependent on income b. Equity financing allows the investor to pass on the risk to the issuer, as payments are dependent on income c. Debt financing allows the investor to pass on the risk to the issuer, as payments are fixed and must be made d. Debt financing allows the issuer to pass on the risk to the investor as payments are fixed and must be made e. B and D is correct f. A and C is correct
The correct answer to the first question is d. all of the above could apply. Investors might want to hold tobacco bonds because they typically pay high interest rates, which can be attractive for investors seeking higher returns. Additionally, some of the bonds are backed by the states, providing an added layer of security and reducing the risk for investors. Holding tobacco bonds can also serve as a way to diversify an investor's holdings.
Regarding the second question, the correct answer is f. A and C are correct.
a. Equity financing allows the issuer to share the risks with the investor, as payments are dependent on income. In equity financing, investors become partial owners of the company, and their returns are dependent on the company's performance and profitability. By sharing the risks, the issuer is not solely responsible for making fixed payments to investors.
c. Debt financing allows the investor to pass on the risk to the issuer, as payments are fixed and must be made. In debt financing, the issuer (borrower) takes on the responsibility of making fixed payments to the investor (lender) according to the agreed-upon terms. The risk is primarily on the issuer to make these payments regardless of the company's performance.
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a. Provide a brief summary about your chosen company's key operations b. Identify at least TWO key audit matters (a useful starting point will be the auditor's report) c. Discuss how these audit matter
The chosen company's key operations are its primary activities or core functions that generate revenue.
a. These operations vary depending on the company's industry and business model. For example, a manufacturing company's key operations may include sourcing raw materials, production, and distribution, while a technology company's key operations may involve research and development, software development, and sales.
b. Key audit matters are significant areas of the financial statements that required the most attention from the auditor. They are highlighted in the auditor's report to communicate their importance. Two key audit matters for the chosen company could be inventory valuation and revenue recognition.
c. The audit matters of inventory valuation and revenue recognition are crucial because they directly impact the financial statements. The auditor will assess whether the company's inventory is properly valued, considering factors like obsolescence and market conditions. In terms of revenue recognition, the auditor will review the company's policies and procedures to ensure that revenue is recorded accurately and in compliance with accounting standards.
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What is the maximum price you will pay for a bond with a face value of $1,000 and a
coupon rate of 15%, paid annually, if you want a yield to maturity of 12%? Assume that
the bond will mature in 10 years and the first payment will be received in one year.
The maximum price you should pay for the bond is approximately 1,290.37. To calculate the maximum price you should pay for the bond, we need to calculate the present value of the bond's future cash flows, discounted at the yield to maturity (YTM) of 12%.
The bond has a face value of 1,000 and a coupon rate of 15% paid annually. The coupon payment will be received each year for the next 10 years, and the face value will be received at maturity.
To calculate the present value of the coupon payments, we can use the formula for the present value of an annuity:
PV = [tex]C * ((1 - (1 + r)^(-n)) / r)[/tex]
Where:
PV = Present value of the coupon payments
C = Coupon payment per period (1,000 * 15% = 150)
r = Yield to maturity per period (12% or 0.12)
n = Number of periods (10 years)
Using these values, we can calculate the present value of the coupon payments:
PV = [tex]150 * ((1 - (1 + 0.12)^(-10)) / 0.12)[/tex]
Calculating this expression, we find that the present value of the coupon payments is approximately 968.19.
To calculate the present value of the face value received at maturity, we can simply discount it using the yield to maturity:
PV =[tex]1,000 / (1 + 0.12)^10[/tex]
Calculating this expression, we find that the present value of the face value is approximately 322.18.
Finally, to find the maximum price you should pay for the bond, you need to sum the present values of the coupon payments and the face value:
Maximum Price = PV of coupon payments + PV of face value
Maximum Price = 968.19 + 322.18
Calculating this expression, we find that the maximum price you should pay for the bond is approximately 1,290.37.
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Where do the other factor markets for capital and land (natural resources) belong in the circular flow model depicted in Figare 1.1? Can you draw them in? Are there any connections or feedbacks between one factor market (such as labor) and another (such as capital): How would you represent them in Figure 1.1? If human beings could be bought and sold like commodities such as wheat, how would it change the operation of the labor market: Would the supply of labor become more or less sensitive to the nonpecuniary aspects of employment (such as working conditions)? Would market forces still be able automatically to police the social conditions of labor? Are there any differences between the labor market for day laborers or migrant workers and the market for teachers or pilots? What are these differences, and how do they affect the pricing and allocation of labor? Why is the role of labor mobility crucial if market forces of demand and supply are to efficiently allocate labor in the economy? What role does labor market information have in this process? Do you think people move from one labor market to another in search of the highest wages, as economic theory assumes? Why or why not? What is the difference between an external and an internal labor market: How are they connected? Can a firm decide on its own what wages to pay in the internal labor market, or do the market forces of supply and demand have some influence? In 2003, the average weekly earnings of truck drivers was $603 while average weekly earnings of bank tellers was only $395. How might market, institutional, and sociological forces, respectively, be responsible for the higher earnings of truck drivers? Describe the major differences between the neoclassical and institutional schools of labor economics.
The circular flow model can include other factor markets for capital and land. Connections and feedbacks exist between factor markets, and the labor
In the circular flow model depicted in Figure 1.1, the other factor markets for capital and land (natural resources) can be included alongside the product market and the labor market. These factor markets represent the buying and selling of capital goods (such as machinery, equipment, and buildings) and land (including natural resources) between businesses and households.
To represent these factor markets in Figure 1.1, you can add arrows connecting businesses and households with the markets for capital and land. These arrows would indicate the flow of payments and resources between the two sectors.
Regarding the connections and feedbacks between different factor markets, there are indeed linkages between labor, capital, and land markets. For example, an increase in the demand for capital goods can lead to an increase in the demand for labor to operate and maintain the capital goods. Similarly, an increase in the demand for land can create opportunities for employment in sectors related to natural resource extraction or development.
If human beings could be bought and sold like commodities, the operation of the labor market would drastically change. The supply of labor would likely become more sensitive to nonpecuniary aspects of employment, such as working conditions, as individuals would have more options to choose from. Market forces might still play a role in determining wages, but there would be ethical and moral considerations to address in order to ensure fair and just labor practices.
Differences exist between labor markets for different types of workers, such as day laborers or migrant workers compared to teachers or pilots. These differences stem from factors such as skill levels, qualifications, market demand, bargaining power, and legal regulations. The pricing and allocation of labor are influenced by these factors, with higher-skilled occupations often commanding higher wages due to scarcity and higher demand.
Labor mobility plays a crucial role in allowing market forces to efficiently allocate labor in the economy. When workers can move freely between different labor markets, it helps to balance supply and demand across regions and industries. Labor market information, such as job openings, wages, and skills requirements, facilitates this process by enabling workers to make informed decisions about where to seek employment.
People do not always move solely in search of the highest wages, as economic theory assumes. Other factors, such as proximity to family, quality of life, job security, and cultural preferences, also influence people's decisions regarding labor market mobility.
The difference between an external and an internal labor market lies in the scope of the market. An external labor market refers to the broader market where firms recruit and hire employees externally, whereas an internal labor market represents the market within a specific firm where current employees can be promoted or transferred. In an internal labor market, firms have some discretion in deciding wages, but market forces of supply and demand still play a role.
Market, institutional, and sociological forces can all contribute to the higher earnings of truck drivers compared to bank tellers. Market forces such as the demand for transportation services and the scarcity of qualified truck drivers can push up wages. Institutional factors, such as labor unions or industry regulations, may also play a role in wage determination. Sociological factors, including societal perceptions of the value and importance of different occupations, can influence wage differentials as well.
The neoclassical and institutional schools of labor economics have different perspectives and approaches. Neoclassical economics emphasizes the efficiency of market mechanisms in determining labor market outcomes and focuses on individual decision-making based on rational choices. In contrast, the institutional school recognizes the role of institutions, social norms, power dynamics, and historical context in shaping labor market outcomes. It emphasizes that labor markets are not perfectly competitive and that market imperfections can lead to inequalities and suboptimal outcomes.
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For this assignment, you will take on the role of a business leader who wishes to analyze if a new product their company has introduced is meeting the expectations. Imagine that you would like to create a post in the company intranet that summarizes your findings in an easy-to-read format for your team. Pay special attention to creating meaningful data visualizations. You should use techniques that make content easy to follow but that also display charts accurately without distorting or skewing data. Your company's profit goal is 25% of the cost of goods sold (COGS). Remember, COGS is the cost of manufacturing the product, including labor, materials, and overhead. You will need to build trust and an open channel of communication with other leaders on your team. Pay close attention to the story that data visualizations tell you and others reviewing your post. The purpose of this analysis is to better understand the cost, revenue, and profit associated with the new product launch. Review the Cost, Revenue, and Profit Spreadsheet retrieved from the company's data center and consider the following while developing your ideas in this assignment.
Subject: Analyzing the Performance of our New Product Launch
Dear Team,
I hope this message finds you well. Today, I would like to share with you a summary of the findings from our analysis of the performance of our recently launched product. By evaluating the cost, revenue, and profit associated with the new product, we aim to understand whether it is meeting our expectations and achieving our profit goals.
To begin, let's examine the cost of goods sold (COGS), which represents the total cost of manufacturing the product, including labor, materials, and overhead. Our profit goal is set at 25% of the COGS. By assessing the data provided in the Cost, Revenue, and Profit Spreadsheet, we can gain valuable insights.
First, let's take a look at the trends in our revenue over time. The following line chart illustrates the monthly revenue generated by the new product since its launch:
[Insert Line Chart]
As we can observe, there has been a steady increase in revenue over the past few months, indicating a positive response from our customers. However, it is crucial to ensure that our revenue growth aligns with our profit goals.
Next, let's explore the COGS and profit margin. The bar chart below presents a comparison of monthly COGS and profit margin:
[Insert Bar Chart]
This visualization allows us to assess the relationship between COGS and profit margin. We can see that while COGS has remained relatively stable, our profit margin has shown a slight decline. This indicates the need for further analysis to understand the underlying factors affecting our profitability.
To gain a deeper understanding, we have conducted a cost analysis. The pie chart below displays the breakdown of costs within our COGS:
[Insert Pie Chart]
By examining the proportions, we can identify areas where cost optimization efforts may be beneficial. For instance, if we notice that a specific cost category represents a significant portion of our COGS, we can explore potential strategies to reduce expenses without compromising product quality.
Finally, let's evaluate our progress toward achieving our profit goal. The following bar chart compares our actual profit with the target profit:
[Insert Bar Chart]
This visualization clearly demonstrates whether we are meeting our profit expectations. If the actual profit consistently falls below the target profit, it suggests that we need to take corrective measures to improve our financial performance.
In conclusion, our analysis indicates positive revenue growth, but it also highlights a slight decline in profit margin. By closely monitoring our costs and optimizing them where necessary, we can ensure that our new product aligns with our profit goals. Additionally, open communication and collaboration among team members are essential to address any challenges and identify opportunities for improvement.
I encourage everyone to review the data visualizations presented here and share your insights and observations. Together, we can drive the success of our new product and further enhance our company's performance.
Thank you for your attention and dedication to our shared goals.
Best regards,
[Your Name]
[Your Position/Title]
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tenants in your mall this year? You operate a mall and have agreed to the following lease terms with one of your in-line tenants. The annual base rent is $30.41 per quare foot for the 7,000 square feet of rentable space. The lease contains a percentage rent clasue that stipulates the tenant must pay 5.5% of annual gross sales revenue above a breakeven in $600,000. If the tenant produces sales of $1 million during the upcoming year, what will be the annual rent per square foot for this tenant? You operate an office building. The fifth floor of your building is currently configured for multiple tenants, with total usable area of 53,000 square feet. If you were to lease the entire fifth floor to a single tenant, the resulting efficiency of layout would offer a total usable are of 68,000 square feet. Given this information, what is the load factor for the fifth floor of your building?
The annual rent per square foot for the tenant will be approximately $32.
annual rent per square foot for the tenant: $32.12
load factor for the fifth floor: 1.283
1. annual rent per square foot:the tenant's annual base rent for the 7,000 square feet of rentable space is $30.41 per square foot. however, there is a percentage rent clause based on annual gross sales revenue above the breakeven point of $600,000. the tenant's sales for the year are $1 million.
first, we calculate the additional rent based on the percentage clause:
additional rent = 5.5% * ($1,000,000 - $600,000) = $22,000.
total rent = base rent + additional rent = $30.41 * 7,000 + $22,000.annual rent per square foot = total rent / 7,000 square feet.
2. load factor:
load factor is the ratio of total usable area to the rentable area.
total usable area for the entire fifth floor, if leased to a single tenant, is 68,000 square feet.rentable area for the fifth floor is 53,000 square feet.
load factor = total usable area / rentable area = 68,000 / 53,000. 12, and the load factor for the fifth floor of the office building will be approximately 1.283.
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From an ethical point of view, big business is always bad business." What are the pros and cons of this statement?
From an ethical point of view, the statement "big business is always bad business" can be analyzed in terms of its pros and cons.
One of the pros is that big businesses often have the resources and influence to create positive change on a larger scale. They can invest in research and development, contribute to economic growth, and provide employment opportunities. Additionally, their size can give them the power to influence government policies and advocate for social and environmental initiatives.
However, there are also cons to consider. Some argue that big businesses can engage in unethical practices such as monopolistic behavior, exploitation of workers, or environmental degradation. They may prioritize profit over ethical considerations, leading to negative consequences for society. Furthermore, the concentration of power in large corporations can limit competition and stifle innovation.
Ultimately, the ethical evaluation of big business depends on individual circumstances and practices. It is important to consider the specific actions and policies of each company rather than making a blanket statement. By encouraging responsible business practices and holding companies accountable, it is possible to mitigate the negative aspects of big business and promote ethical behavior.
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Amber Corporation buys a truck on January 1, 2020. Information relating to the truck is as follows:
Cost $34,000
Estimated service life, 5 years (or 60k miles)
Salvage value end of five years, or use $4k
Actual miles driven in 2020 are 20k and in 2021 are 15k.
Calculate depreciation for 2020 and 2021 using straight line and double declining balance depreciation methods
The depreciation for 2020 and 2021 using the straight-line depreciation method is $6,000 each year. The depreciation for 2020 using the double declining balance method is $11,200, and for 2021, it is $6,720.
To calculate the depreciation for 2020 and 2021 using the straight-line and double declining balance depreciation methods.
We need to determine the annual depreciation expense for each method based on the given information.
Straight-Line Depreciation Method: Straight-line depreciation allocates an equal amount of depreciation expense each year over the estimated service life of the asset. The formula for straight-line depreciation is:
Annual Depreciation Expense = (Cost - Salvage Value) / Service Life
Using the provided information: Cost = $34,000, Salvage Value = $4,000, Service Life = 5 years
For 2020: Annual Depreciation Expense = (34,000 - 4,000) / 5
= 30,000 / 5 = $6,000.
For 2021: Annual Depreciation Expense = (34,000 - 4,000) / 5
= 30,000 / 5 = $6,000.
Therefore, the depreciation for 2020 and 2021 using the straight-line depreciation method is $6,000 each year.
Double Declining Balance Depreciation Method: The double declining balance method applies a higher depreciation rate to the book value of the asset each year.
The formula for double declining balance depreciation is: Annual Depreciation Expense = (Book Value at the beginning of the year) x (Depreciation Rate)
The depreciation rate can be calculated as follows: Depreciation Rate = 2 / Service Life
For 2020: Depreciation Rate = 2 / 5 = 0.4 or 40%, Book Value at the beginning of 2020 = Cost - Depreciation in 2020
= 34,000 - 6,000 (depreciation in 2020)
= $28,000
Annual Depreciation Expense for 2020 = 28,000 x 0.4
= $11,200
For 2021: Depreciation Rate = 2 / 5 = 0.4 or 40%, Book Value at the beginning of 2021 = Book Value at the end of 2020 - Depreciation in 2020
= 28,000 - 11,200 (depreciation in 2020)
= $16,800
Annual Depreciation Expense for 2021 = 16,800 x 0.4
= $6,720
Therefore, the depreciation for 2020 using the double declining balance method is $11,200, and for 2021, it is $6,720.
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Which statement is NOT correct?
Post-purchase experience provides opportunities for the business
to develop a long-term relationship with customers.
Need recognition is the result of the difference be
The statement "Need recognition is the result of the difference" is NOT correct.What is need recognition?Need recognition is the process by which an individual identifies a gap between his or her present condition and a desired condition that can be satisfied by the purchase or use of a product or service.
It is the beginning stage of the purchase decision process. In other words, need recognition is a result of a difference between the actual condition and the desired condition.The statement "Need recognition is the result of the difference" is NOT correct. It is the result of the difference between the actual and the desired condition that an individual identifies as a gap and needs to fill up by buying or using a product or service.
The other statement "Post-purchase experience provides opportunities for the business to develop a long-term relationship with customers" is correct. By providing an excellent post-purchase experience, businesses can develop long-term relationships with their customers. This is achieved by giving customers confidence in their purchases, providing them with after-sales support and service, offering discounts or loyalty rewards, and taking their feedback seriously.
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Zippy Quadcopters plans to sell a standard quadcopter (toy drone) for $65 and a deluxe quadcopter for $85. Zippy purchases the standard quadcopter for $55 and the deluxe quadcopter for $60. Management expects to sell two deluxe quadcopters for every three standard quadcopters. The company's monthly fixed expenses are $17,600. How many of each type of quadcopter must Zippy sell monthly to breakeven? To earn $8,800?
To break even, Zippy Quadcopters must sell 1,760 standard quadcopters and 2,640 deluxe quadcopters monthly.
monthly. To earn $8,800, they need to sell 440 standard quadcopters and 660 deluxe quadcopters monthly.
To calculate the number of quadcopters Zippy Quadcopters needs to sell to break even, we first calculate the contribution margin per unit for each type of quadcopter.
For the standard quadcopter:Selling price: $65
Cost price: $55Contribution margin per unit: $65 - $55 = $10
For the deluxe quadcopter:
Selling price: $85Cost price: $60
Contribution margin per unit: $85 - $60 = $25
Next, we calculate the sales mix based on the given ratio of 2 deluxe quadcopters to 3 standard quadcopters:Sales mix for deluxe quadcopter: 2 / (2 + 3) = 2/5
Sales mix for standard quadcopter: 3 / (2 + 3) = 3/5
To calculate the breakeven point, we divide the monthly fixed expenses by the weighted average contribution margin per unit:Breakeven quantity = Fixed expenses / Weighted average contribution margin per unit
Breakeven quantity = $17,600 / [(2/5 * $25) + (3/5 * $10)]Breakeven quantity = $17,600 / ($10 + $6)
Breakeven quantity = $17,600 / $16Breakeven quantity = 1,100 units
Since the sales mix is given as a ratio, we multiply the breakeven quantity by the sales mix to determine the number of each type of quadcopter to be sold:
Number of standard quadcopters = 1,100 * (3/5) = 660 unitsNumber of deluxe quadcopters = 1,100 * (2/5) = 440 units
To calculate the quantity needed to earn $8,800 in profit, we follow a similar approach:
Profit quantity = (Fixed expenses + Desired profit) / Weighted average contribution margin per unitProfit quantity = ($17,600 + $8,800) / ($10 + $6)
Profit quantity = $26,400 / $16Profit quantity = 1,650 units
Number of standard quadcopters = 1,650 * (3/5) = 990 units
Number of deluxe quadcopters = 1,650 * (2/5) = 660 units
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Read Newman Chapter Three. Review The 3Ps in Action. Complete the 3Ps in Practice. Process Questions and Product. (Page 92)
>>> Purpose Imagine that you manage the customer service division of a technology company. As part of your job, you’re evaluating the "Frequently Asked Questions" on the Customer Support page of the website. You continually update these questions to give customers quick answers and to prevent unnecessary contact with the customer service associates. You’re planning a meeting with two customer service associates at the company headquarters to decide what, if any, changes to make to the current questions. You have some data about which current questions are accessed most frequently on the website, and you would like to hear from the associates what additional questions they typically receive by email and by chat. To plan the meeting, you prepare an email to the associates. >>> Process 1. What is the purpose of this meeting, and why is a meeting necessary? 2. What is the best format for the meeting (in person, teleconference, online, or videoconference)? Why is this format the best choice? 3. What will you include in the meeting agenda? How can you make sure the agenda is detailed enough? 4. How can you inspire associates to come to the meeting prepared? 5. What else will you include in your email? >>> Product Write an email to the customer service associates.
A format for writing an email to the customer service associates is mentioned below:
Subject: Meeting to Improve Frequently Asked Questions on Customer Support Page
Dear [Customer Service Associates],
I hope this email finds you well. As you know, we continuously strive to enhance our customer service experience, and one area we're focusing on is improving the "Frequently Asked Questions" section on our Customer Support page. To achieve this, I would like to schedule a meeting with both of you to discuss potential changes to the current questions and gather insights on additional questions frequently received through email and chat.
To ensure a successful meeting, I would like to address a few key points:
Purpose of the Meeting:
The purpose of this meeting is to review and update the existing Frequently Asked Questions on our Customer Support page. We aim to provide customers with quick and accurate answers, thereby minimizing unnecessary contact with customer service associates. By leveraging your expertise and insights, we can ensure the content is relevant, comprehensive, and meets the needs of our customers.
Meeting Format:
Given that we are all based at the company headquarters, an in-person meeting would be the most effective format. This allows for open communication, immediate clarification, and better collaboration among us. Additionally, being physically present enables us to discuss and share any supporting documents or materials more efficiently.
Meeting Agenda:
To ensure a productive discussion, the meeting agenda will include the following:
Review of the current Frequently Asked Questions based on website access data.
Insights on additional questions frequently received via email and chat.
Brainstorming and suggestions for new questions or revisions to existing ones.
Prioritizing the questions based on customer feedback and relevance.
Discussion on any potential challenges and possible solutions.
To make the agenda more detailed, please feel free to provide any specific points or areas you would like to cover during the meeting. Your input is vital in shaping the agenda and ensuring all relevant topics are addressed.
Preparation for the Meeting:
To encourage a prepared discussion, I kindly request that you come to the meeting with your observations and suggestions. It would be helpful if you could gather any email or chat logs that highlight frequently asked questions not currently addressed in our FAQs. This will enable us to identify any gaps in our current content and work towards providing comprehensive answers.
Additional Information:
In addition to the agenda, please bring any relevant customer feedback or comments you have encountered during your interactions. Your first-hand experiences and insights will be invaluable in refining our Frequently Asked Questions section and enhancing the overall customer experience.
I appreciate your time and dedication to our customers' satisfaction. Please let me know your availability for the meeting so that we can schedule it at the earliest convenience. If you have any questions or suggestions before the meeting, please don't hesitate to reach out.
Thank you for your cooperation, and I look forward to our productive discussion.
Best regards,
[Your Name]
[Your Title/Position]
[Company Name]
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On September 12, Vander Company sold merchandise in the amount of $8,800 to Jepson Company, with credit terms of 3/10, 1/30. The cost of the items old is $5,500. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18. and takes the appropriate discount. The journal entry that Jepson makes on September 18 is: Multiple Choice 8,536 Canh Accounts receivable 8,536 8,800 Accounts payable Purchases discounts Cash 2641 8,536 8,536 264 Cash Purchases discounts Accounts payable 8,800 8,800 Accounts payable Merchandise inventory Cash 264 3,536 8.536 Purchases
The correct journal entry that Jepson Company makes on September 18 is: Accounts Receivable $8,53 Sales Revenue $8,800 Sales Discounts $26 Cash $8,536
This entry reflects the sale of merchandise to Vander Company with credit terms of 3/10, 1/30. The total amount of the sale was $8,800, but Jepson Company grants a sales discount of $264 to Vander Company for paying within the discount period.
The entry debits the Accounts Receivable account for the discounted amount of $8,536, representing the net amount Jepson expects to receive from Vander Company. The Sales Revenue account is credited for the total amount of the sale, $8,800. The Sales Discounts account is debited for the discount amount, $264. Finally, the Cash account is credited for the discounted payment received from Vander Company, $8,536.
In summary, the journal entry reflects the sale, the sales discount granted, and the collection of cash from Vander Company in accordance with the credit terms and the gross method of accounting for purchases.
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