Record the foreign purchase denominated in U.S. Dollars:
Date: May 1
Account Debit: Parts Inventory - Harris Inc. ($8,400)
Account Credit: Accounts Payable - Japanese Company ($8,400)
How to explain the transactionRecord the settlement of the payables:
Date: June 20
Account Debit: Accounts Payable - Japanese Company ($8,400)
Account Credit: Cash ($8,400)
Record the foreign sale denominated in U.S. dollars:
Date: July 1
Account Debit: Accounts Receivable - Brazilian Customer ($10,000)
Account Credit: Sales Revenue - Harris Inc. ($10,000)
Record the collection of the receivable:
Date: August 10
Account Debit: Cash ($10,000)
Account Credit: Accounts Receivable - Brazilian Customer ($10,000)
b. Record the foreign purchase denominated in Japanese yen:
Date: May 1
Account Debit: Parts Inventory - Harris Inc.
Account Credit: Accounts Payable - Japanese Company
Record the revaluation of the foreign currency payable to the U.S. dollar equivalent value:
Date: May 1
Account Debit: Foreign Currency Payable - Japanese Yen
Account Credit: Unrealized Gain or Loss - Exchange Rate Fluctuation
Record the purchase of Japanese yen to settle the account payable at the June 20 spot rate:
Date: June 20
Account Debit: Accounts Payable - Japanese Company
Account Credit: Cash
Record the settlement of the payable denominated in Japanese yen:
Date: June 20
Account Debit: Cash
Account Credit: Foreign Currency Payable - Japanese Yen
Record the foreign sale denominated in Brazilian reals:
Date: July 1
Account Debit: Accounts Receivable - Brazilian Customer
Account Credit: Sales Revenue - Harris Inc.
Record the revaluation of foreign currency payable to the U.S. dollar equivalent value:
Date: July 1
Account Debit: Foreign Currency Payable - Brazilian Real
Account Credit: Unrealized Gain or Loss - Exchange Rate Fluctuation
Record the receipt of Brazilian reals in the settlement of the receivables:
Date: August 10
Account Debit: Cash
Account Credit: Accounts Receivable - Brazilian Customer
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A customer, age 30, has an investment objective of capital appreciation; but does not need current income. the best asset allocation mix to recommend to this customer is:_____.
A customer, age 30, has an investment objective of capital appreciation; but does not need current income. the best asset allocation mix to recommend to this customer is A. 100% common stocks
What is an investment?Investment is the process of trading money from one time period for an asset that is anticipated to generate income in the future. Consumption now is therefore sacrificed in order to reap higher rewards later on.
A 30-year-old customer does not want present income but has capital appreciation as one of their investment goals. A. 100% Common Stocks is the recommended asset allocation mix for this customer.
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missing part
A. 100% common stocks
B. 50% common stocks; 50% bonds
C. 10% common stocks; 90% bonds
D. 100% bonds
Do people budget? Do you think it is common for people to spend money without thinking about it? (For example, do you remember where you spent all of the money from your last ATM withdrawal?) Do you think people save money without thinking about it or is it likely that people have to plan to save?
1. Yes, many people budget their money to effectively manage their finances. 2. Some people may spend money without thinking about it. 3. Some individuals may naturally have a tendency to save, while others may need to be more disciplined in their saving habits. 4. Ultimately, budgeting and planning to save are effective strategies for individuals to take control of their finances and work towards their financial goals.
1. Yes, many people budget their money to effectively manage their finances. Budgeting involves creating a plan for how to allocate and spend your money based on your income and expenses. It helps individuals prioritize their spending, track their expenses, and ensure that they are meeting their financial goals.
2. While some people may spend money without thinking about it, it is generally not a common practice. Budgeting encourages individuals to be mindful of their spending by setting limits and making intentional decisions about where their money goes. By keeping track of their expenses, individuals can be more aware of where their money is being spent and make adjustments as needed.
3. As for saving money, it is more likely that people have to plan to save rather than saving without thinking about it. Saving money requires setting aside a portion of your income for future needs or goals. It involves making conscious choices to delay immediate gratification in order to build financial security or work towards specific objectives.
4. Planning to save involves setting financial goals, determining how much money to save, and establishing a timeframe for achieving those goals.
By incorporating savings into their budget, individuals can allocate a certain amount of money each month towards their savings account or investments.
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Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $309,680 for the year, and machine usage is estimated at 126,400 hours. For the year. $330,930 of overhead costs are incurred and 131,400 hours are used. Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ 245 per machine hour e Textbook and Media List of Accounts Attempts: 1 of 3 used - Your answer is partially correct. What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $ 321930 Underapplied e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer
The manufacturing overhead rate for the year is $2.45 per machine hour, and the amount of underapplied overhead at December 31 is $9,000.
To compute the manufacturing overhead rate for the year, we can use the formula:
Manufacturing Overhead Rate = Estimated Overhead Costs / Estimated Machine Hours
Given that the estimated overhead costs are $309,680 and the estimated machine hours are 126,400, we can calculate the manufacturing overhead rate as follows:
Manufacturing Overhead Rate = $309,680 / 126,400 hours = $2.45 per machine hour
Therefore, the manufacturing overhead rate for the year is $2.45 per machine hour. To determine the amount of under- or overapplied overhead at December 31, we compare the actual overhead costs incurred to the overhead applied based on the machine hours used.
Actual Overhead Costs = $330,930
Overhead Applied = Manufacturing Overhead Rate * Actual Machine Hours Used
Overhead Applied = $2.45 per machine hour * 131,400 hours = $321,930
To find the amount of under- or overapplied overhead, we subtract the overhead applied from the actual overhead costs:
Amount of Under- or Overapplied Overhead = Actual Overhead Costs - Overhead Applied
Amount of Under- or Overapplied Overhead = $330,930 - $321,930
Amount of Under- or Overapplied Overhead = $9,000
Therefore, the amount of under- or overapplied overhead at December 31 is $9,000.
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The manufacturing overhead rate for the year is $245 per machine hour. The amount of underapplied overhead at December 31 is $321,930.
To calculate the manufacturing overhead rate, we divide the estimated overhead costs for the year by the estimated machine usage:
Manufacturing overhead rate = Estimated overhead costs / Estimated machine hours
Manufacturing overhead rate = $309,680 / 126,400 hours
Manufacturing overhead rate ≈ $2.45 per machine hour ≈ $245 per machine hour
Therefore, the manufacturing overhead rate for the year is $245 per machine hour.
To calculate the under-or overapplied overhead at December 31, we compare the actual overhead costs incurred and the actual machine hours used with the estimated values:
Under-or overapplied overhead = Actual overhead costs - (Manufacturing overhead rate × Actual machine hours)
Under-or overapplied overhead = $330,930 - ($245 × 131,400 hours)
Under-or overapplied overhead = $330,930 - $32,193,000
Under-or overapplied overhead ≈ $321,930 (underapplied)
Therefore, the amount of underapplied overhead at December 31 is $321,930.
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1-Give an example of a successful brand extension not mentioned in the book where both the parent brand and the new brand benefited. Why do you feel it was successful? 2-Give an example of a successful line extension. Why do you feel it was successful? 3-Give an example of successful co-branding. Why do you feel it was successful? 4-Dunkin' Donuts has recently repositioned itself as just Dunkin'. Looking at the concepts of brand repositioning or rebranding, comment on the risks and benefits of this strategy for Dunkin
Dunkin' risks losing some of its existing customers who are loyal to the traditional doughnut-focused brand. The name change may also confuse or alienate customers who are not aware of the repositioning
1. An example of a successful brand extension not mentioned in the book is Nike. Nike, originally known for its athletic footwear, successfully extended its brand into the apparel market. The parent brand, Nike, and the new brand, Nike Apparel, both benefited from this extension. The extension was successful because Nike leveraged its strong reputation and brand equity in the athletic footwear industry to enter the apparel market.
2. A successful line extension example is Coca-Cola. Coca-Cola introduced Diet Coke as a line extension of its original Coca-Cola brand. The introduction of Diet Coke was successful because it catered to the growing consumer demand for low-calorie and sugar-free beverages. Coca-Cola was able to leverage its brand recognition and loyalty to attract customers to its new product, while still maintaining the core attributes and taste that consumers associated with the original Coca-Cola brand.
3. A successful co-branding example is the partnership between GoPro and Red Bull. GoPro, a well-known action camera brand, collaborated with Red Bull, an energy drink brand, to create co-branded content. This collaboration was successful because it allowed both brands to tap into each other's target markets and reach a wider audience. GoPro benefited from the association with Red Bull's extreme sports and adventure-oriented image, while Red Bull gained access to GoPro's loyal customer base and their association with outdoor activities and high-quality content creation.
4. Dunkin' Donuts repositioning itself as Dunkin' carries both risks and benefits. The benefit of this strategy is that it allows the brand to move beyond its association with donuts and emphasize its broader range of products, such as coffee and sandwiches. By dropping "Donuts" from its name, Dunkin' can position itself as a more versatile and contemporary brand, appealing to a wider audience.
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Find and briefly explain an example of an advertising or promotional campaign that did not go as planned. Which step of the planning process do you think was overlooked or done incorrectly that led to that outcome?
The target audience analysis was overlooked or done incorrectly in the Pepsi advertisement featuring Kendall Jenner, leading to negative public perception.
One example of an advertising or promotional campaign that did not go as planned is the Pepsi advertisement featuring Kendall Jenner. The ad was released in 2017 and received significant backlash.
The step of the planning process that was overlooked or done incorrectly in this campaign was the target audience analysis. The ad attempted to portray a message of unity and protest, with Kendall Jenner handing a can of Pepsi to a police officer during a demonstration. However, it was widely criticized for trivializing serious social issues, such as police brutality and the Black Lives Matter movement.
The campaign failed to recognize the sensitivity and complexity of the issues it was addressing, leading to negative public perception and a significant backlash. The lack of understanding of the target audience's values, beliefs, and emotions resulted in a misjudgment of the campaign's potential impact.
In conclusion, the oversight or incorrect execution of the target audience analysis during the planning process led to the failure of the Pepsi advertisement campaign featuring Kendall Jenner.
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Which of the following is a reason why trade deficits are potentially harmful?
a- Consumers at home have the benefit of a wider variety of products at competitive prices.
b- The country must export money to pay for its excess imports.
c- Lower prices at home help stifle the threat of inflation.
d- They result in more jobs remaining in the home country.
e- They spur job creation in the home country.
Trade deficits are potentially harmful as they require exporting money to pay for excess imports, leading to currency depreciation, inflation, and job losses. Option B.
To finance this deficit, the country needs to pay for the excess imports by sending money abroad. This can lead to a decrease in the country's foreign exchange reserves and can put downward pressure on the value of its currency.
A depreciating currency can have several negative consequences. It makes imports more expensive, leading to higher prices for consumers. This can contribute to inflationary pressures within the country.
Additionally, a weaker currency can make it more difficult for domestic businesses to compete internationally, as their exports become more expensive for foreign buyers. This can negatively impact export-oriented industries and lead to job losses.
Furthermore, trade deficits can also have implications for domestic industries. When a country relies heavily on imports, it can result in the loss of domestic manufacturing jobs.
If the country is consistently importing goods that it could produce domestically, it may lead to the erosion of its domestic industries and a decline in employment opportunities.
In summary, trade deficits are potentially harmful because they require a country to export money to pay for excess imports, which can weaken the currency, lead to inflation, hinder domestic industries, and potentially result in job losses. So Option B is correct.
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You are the CFO of a parts company that is expanding into a new construction division. The project will costs $20M and produce perpetual cash flows of $4M each year, starting next year. You have the following information of a publicly traded construction company (Mikelnc): 100 bonds outstanding, rated CCC, priced at $20 per bond 100 shares outstanding, priced at $30 per share The company's equity beta is 1.3 The beta of AAA, BBB, and CCC rated debt is 0.05, 0.10, and 0.20, respectively. What is the asset beta of Mikelnc? 2. Suppose that the risk free rate is 4 percent and the market risk premium is 6 percent, what is the correct discount rate for your construction division?
3. What is the NPV of the construction division? Should you make the investment?
The asset beta of Mikelnc cannot be determined without knowing the tax rate. The discount rate for the construction division cannot be determined without knowing the asset beta.
The NPV of the construction division cannot be calculated without the discount rate.
To calculate the asset beta of Mikelnc, we need the weights of equity and debt in the company's capital structure, as well as the betas of each component. Without knowing the tax rate, we cannot determine the weights and, therefore, the asset beta.
The correct discount rate for the construction division is calculated using the Capital Asset Pricing Model (CAPM), which requires the risk-free rate, market risk premium, and asset beta. Since we don't have the asset beta, we cannot calculate the discount rate.
Similarly, the NPV of the construction division depends on the cash flows and the discount rate. Without the discount rate, we cannot determine the NPV and evaluate whether the investment should be made.
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Show the calculations of 6 ratios of the U. S. company Target from the most recent two years including: current ratio, total asset turnover ratio, total debt ratio, net profit margin, ROA and ROE 2. Give comments on the change of the above ratios (time trend) in the last two years.
I apologize, but as an AI language model, I don't have access to real-time financial data or the ability to browse the internet.
My responses are based on general knowledge up until September 2021. To analyze the most recent two years' financial ratios for a specific company like Target, you would need to refer to their financial statements or other reliable sources. These financial ratios are calculated using specific financial figures such as current assets, total assets, total debt, net profit, and equity. The trend analysis of these ratios over the two-year period can provide insights into the company's financial performance, liquidity, leverage, profitability, and efficiency. It's recommended to consult the company's official financial statements or reliable financial databases for accurate and up-to-date information on Target's financial ratios.
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On January 1, 2020, Marigold Company makes the two following acquisitions. 1. Purchases land having a fair market value of $250,000 by issuing a 5 -year, zero-interest-bearing promissory note in the face amount of $367,332. 2. Purchases equipment by issuing a 4\%, 9-year promissory note having a maturity value of $350,000 (interest payable annually). The company has to pay 8% interest for funds from its bank. (a) Record the two journal entries that should be recorded by Marigold Company for the two purchases on January 1,2020. (b) Record the interest at the end of the first year on both notes using the effective-interest method. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971 . If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (a) 1. January 1,2020 2. January 1, 2020 (b) 1. December 31, 2020 2. December 31,2020
a) Marigold Company’s journal entries for the two purchases on January 1, 2020, are shown below: DateAccount Titles and ExplanationDebitCreditJanuary 1, 2020Land ($250,000 / 0.68166)$367,332Promissory Note Payable$367,332January 1, 2020Equipment ($350,000 / 7.36009)$47,578Discount on Note Payable$47,578Note Payable$350,000.
b)The total interest expense for the five-year period is $104,416 + $87,125 + $74,775 + $64,693 = $331,009.
a) Marigold Company’s journal entries for the two purchases on January 1, 2020, are shown below: DateAccount Titles and ExplanationDebitCreditJanuary 1, 2020Land ($250,000 / 0.68166)$367,332Promissory Note Payable$367,332January 1, 2020Equipment ($350,000 / 7.36009)$47,578Discount on Note Payable$47,578Note Payable$350,000
b) The interest on both notes should be recorded using the effective-interest method, as shown below:Interest Expense ($367,332 × 0.08)$29,387Discount on Note Payable$26,231Cash$3,156Interest Expense ($350,000 × 0.04)$14,000Discount on Note Payable$3,578Note Payable Interest$10,422Interest Expense ($47,578 × 0.08)$3,806Discount on Note Payable$3,390Note Payable Interest$416For the first year, the present value of the zero-interest-bearing note can be computed using the formula below:Present Value = Future Value × Discount FactorPresent Value = $367,332 × 0.68166 = $250,000For the second year, the present value of the zero-interest-bearing note can be computed using the formula below:Present Value = [Future Value – (Interest Expense × Discount Factor)] × Discount FactorPresent Value = [$367,332 – ($250,000 × 0.08)] × 0.59432 = $104,416For the third year, the present value of the zero-interest-bearing note can be computed using the formula below:Present Value = [Future Value – (Interest Expense × Discount Factor)] × Discount FactorPresent Value = [$367,332 – (($250,000 + $29,387) × 0.08)] × 0.54301 = $87,125For the fourth year, the present value of the zero-interest-bearing note can be computed using the formula below:Present Value = [Future Value – (Interest Expense × Discount Factor)] × Discount FactorPresent Value = [$367,332 – (($250,000 + $29,387 + $26,231) × 0.08)] × 0.48703 = $74,775For the fifth year, the present value of the zero-interest-bearing note can be computed using the formula below:Present Value = [Future Value – (Interest Expense × Discount Factor)] × Discount FactorPresent Value = [$367,332 – (($250,000 + $29,387 + $26,231 + $26,536) × 0.08)] × 0.43429 = $64,693.
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When an accountant compiles a nonissuer's financial statements that omit substantially all disclosures required by U.S. GAAP, the accountant should indicate in the compilation report that the financial statements are
a.Restricted for internal use only by the entity's management.
b.Not to be given to financial institutions for the purpose of obtaining credit.
c.Compiled in conformity with a special purpose framework other than U.S. GAAP.
d.Not designed for those who are uninformed about such matters.
e.Including omissions not intended to mislead financial statement users.
The answer to the given question is that the financial statements are compiled in conformity with a special purpose framework other than U.S. GAAP.
When an accountant compiles a nonissuer's financial statements that omit substantially all disclosures required by U.S. GAAP, the accountant should indicate in the compilation report that the financial statements are compiled in conformity with a special purpose framework other than U.S. GAAP. Accountants compile financial statements that omit substantially all disclosures required by U.S. GAAP and also indicate in the compilation report that the financial statements are compiled in conformity with a special purpose framework other than U.S. GAAP. This compliance is a popular option for small businesses that don't need to comply with GAAP but do need to prepare financial statements for management purposes. It is important to note that the omission of substantially all disclosures should be carefully evaluated because it is not considered appropriate for users of the financial statements that are compiled with the special purpose framework. The accounting standards set forth strict guidelines that dictate the situations in which a special purpose framework may be used, as well as the disclosures that must be made to ensure that financial statements are not misleading. Therefore, the answer to the given question is that the financial statements are compiled in conformity with a special purpose framework other than U.S. GAAP.
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In Practice Round Two, you will experience giving the customers what they want, but also not giving them what they don't want. In the simulation, you will experience the different wants by different Customer Segments, such as Performance, who wants greater reliability, so you may decide to max it out (i.e MTBF up to 27,000 hours), and expect that they will respond by awarding you more market share. You will also experience the Low segment wanting greater Age, so you may decide NOT to R&D your product and let your product age (i.e Ideal Age =7 years); and the Traditional segment who want lower prices and will accept less reliability, so you may decide to reduce reliability to the minimum (i.e MTBF down to 12,000 hours) and pass the cost savings along in the form of lower prices, expecting the customers will respond by buying more. Consider these examples and discover what else you can do to improve Customer Survey measurements by your thoughtful decision making. What else you can do to improve Customer Survey measurements by your thoughtful decision making?
Continuous monitoring and adaptation based on customer feedback is crucial for improving Customer Survey measurements in a simulation scenario.
In order to improve Customer Survey measurements, thoughtful decision making should involve actively listening to customer feedback and making necessary adjustments to meet their evolving needs. This can be done by conducting regular surveys and gathering data on customer preferences, satisfaction levels, and expectations. Analyzing this feedback can provide valuable insights into areas that require improvement. By understanding the specific wants and needs of different customer segments, strategic decisions can be made to align product attributes, such as reliability, age, and pricing, with their preferences. Additionally, investing in research and development efforts can lead to product enhancements that address customer demands, while maintaining a competitive edge. Effective communication and transparency with customers regarding product changes or updates can also foster trust and loyalty.
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Explain what does it mean to have external costs and the problem it creates. Using an example explain when might having extemal costs not be considered a problem. Explain how this problem of external costs can be soved through direct regulation. What are the drawbacks of this solution? Explain how it can be solved through effluent fees (Pigovian taxes)? What are the two advantage of this method and the two disadvantages? Explain why a pecuniary externality is usually not a problem but is when it leads to rent seeking. Make sure you explain pecuniary externality and rent seeking in this context. Chapter 4 questions. Explain Coase theorem by explain each of the three steps of the argument: why nothing works, why everything works and why it all depends? When transactions costs are high what rule should the court use to get to the efficient solution. Explain how this rule is applied to the "coming to nuisance" argument that protects one party from liabilities. This joumal has no entries.
External costs are costs imposed upon a third party when goods and services are produced and consumed. The problems that are created due to external costs include decreased efficiency and overconsumption of goods and services.
To elaborate, when a good or service is produced, it imposes costs upon others that are not considered while pricing the good or service. An example of external costs can be pollution that is caused by a factory, which causes people who live around the factory to develop respiratory problems. The external costs are not considered when pricing the products produced by the factory. Having external costs might not be a problem in situations where there is no third party who is being affected. An example of this can be a person planting a garden in their backyard which doesn't have any external costs associated with it.
The problem of external costs can be solved through direct regulation by imposing rules and regulations that will reduce the costs to third parties. The drawbacks of this solution include the costs of monitoring and enforcing regulations. Effluent fees, also known as Pigovian taxes, can solve the problem of external costs by increasing the price of goods and services that impose costs on third parties. The advantages of this method include the promotion of efficiency and reduced pollution.
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HR compensation specialists were conducting a market salary survey as part of the process for developing a pay system for the Ocean Corporation. In designing the market salary survey, the company should be sure to collect salary data about ________blank jobs.
Multiple Choice:
Nonkey
Key
Executive
Global
Nonbenchmark
In designing the market salary survey, the company should be sure to collect salary data about nonbenchmark jobs. The correct option is e.
An HR compensation specialist collects, interprets, and analyses salary and benefits-related data for a firm. As a result, a compensation specialist should know what the market offers. As a result, when designing a salary survey, the firm should be sure to gather salary data about nonbenchmark jobs.
Nonbenchmark jobs are positions that are unusual, difficult to classify, or do not have a lot of data points for comparison in the industry. Nonbenchmark positions are positions for which no immediate or direct comparison is available. There may be a few individuals who perform these tasks, or the position may be too unique to be compared to others. As a result, HR departments must use alternative methods, such as industry associations, professional groups, or publicly available salary data to determine how to compensate these types of employees.
Nonbenchmark jobs are frequently specialized and require skills or experience that are not typical for positions in the same sector. As a result, nonbenchmark jobs can require a more thorough examination of industry pay data or more comprehensive surveys to get a true picture of how to compensate employees.
A company should also compare its pay rates to the rates of other companies in the area to see if their pay system is competitive, which will aid in attracting and retaining top talent. The correct option is e.
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Assuming no change in number of units sold, an increase in a company's per-unit contribution margin would: A. decrease net income B. increase net income C. have no effect on net income D. decrease fixed costs E. increase fixed costs F. Two of the above are true. G. Three of A, B, C, D, and/or E are true. H. None of the above are true.
Assuming no change in the number of units sold, an increase in a company's per-unit contribution margin would increase net income.
A company's contribution margin is calculated by subtracting variable costs from sales revenue per unit. Since the contribution margin indicates the amount of revenue left over after all variable costs have been paid, an increase in the per-unit contribution margin would result in a higher contribution margin ratio.
Thus, the contribution margin ratio = contribution margin / salesThe contribution margin ratio is significant because it helps businesses figure out the point of break-even and the effect of changes in sales volume on the business's profits. A higher contribution margin ratio implies that the business may cover a larger percentage of its fixed costs.
And it also indicates a higher contribution margin per dollar of sales revenue. As a result, the company can earn more net income per unit sold. Therefore, assuming no change in the number of units sold, an increase in a company's per-unit contribution margin would increase net income.
The correct option is B. Increase net income. An increase in a company's per-unit contribution margin would increase net income as the higher contribution margin ratio helps businesses figure out the point of break-even and the effect of changes in sales volume on the business's profits.
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What are three factors that impact a company’s decision to invest in a country?
What is the different between vertical and horizontal FDI? Give one example of an industry for each type.
How can government encourage or discourage FDI?
Market potential, political/economic stability, and infrastructure/resources impact a company's decision to invest. Vertical FDI involves different production stages (e.g., car assembly and component manufacturing), while horizontal FDI is the same stage in different locations. Governments can encourage FDI through incentives and discourage it through high taxes and regulations.
Three factors that impact a company's decision to invest in a country are:
1. Market Potential: The size and growth potential of the target market influence investment decisions. Companies seek countries with large consumer bases and growing economies to maximize sales and profits.
2. Political and Economic Stability: Stable political and economic conditions reduce risks for investors. Countries with favorable policies, transparent regulations, and low levels of corruption are more attractive for investment.
3. Infrastructure and Resources: Access to quality infrastructure, such as transportation, communication networks, and utilities, is crucial for business operations. The availability of skilled labor, natural resources, and supportive business ecosystems also play a role in investment decisions.
Vertical FDI refers to when a company invests in different stages of the production process within a specific industry. For example, a car manufacturer invests in both car assembly and component manufacturing.
Horizontal FDI occurs when a company invests in the same stage of the production process but in different geographic locations. An example would be a fast-food chain expanding its restaurant locations to multiple countries.
Governments can encourage FDI by offering incentives such as tax breaks, subsidies, streamlined regulations, and investment protection. They can discourage FDI through high taxes, excessive regulations, political instability, or nationalization of foreign-owned assets, which increase risks and reduce investor confidence.
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Human Resource Management: Recruitment and Selection
A manager has collected data on the dollar value of sales and has divided this by the number of fulltime equivalent (FTE) employees. Assuming this relationship will hold in the future, and using projected sales, the manager estimates the number of employees required. This is an example of ______________.
a.
Trend analysis
b.
Ratio analysis
c.
Regression analysis
d.
Markov analysis
The manager's approach of using the relationship between the dollar value of sales and the number of full-time equivalent (FTE) employees to estimate the number of employees required in the future is an example of b. Ratio analysis.
Ratio analysis involves using ratios or proportions to make predictions or estimates. In this case, the manager is using the ratio of sales to FTE employees to estimate the number of employees needed based on projected sales. This approach assumes that the sales-to-employee ratio will remain constant in the future.
Such as a. Trend analysis (examining patterns over time), c. Regression analysis (statistical modeling of relationships), and d. Markov analysis (predicting transitions between states), do not align with the manager's method in this scenario.
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The sequence of major activities that every organization carries out to fulfill its mission is known as: Multiple Choice the manufacturing process. the value chain. product planning and development. marketing.
The sequence of major activities that every organization carries out to fulfill its mission is known as the value chain.
The value chain encompasses all the primary and support activities that are involved in creating and delivering a product or service to customers. It includes various stages such as inbound logistics, operations, outbound logistics, marketing and sales, and customer service.
The value chain concept was introduced by Michael Porter as a framework to analyze and understand the activities that add value to a company's products or services.
Each stage of the value chain contributes to the overall value created for customers and ultimately impacts the organization's competitive advantage.
The manufacturing process is a specific part of the value chain that focuses on the production and assembly of goods. Product planning and development are activities within the value chain that involve designing and creating new products or improving existing ones.
Marketing, on the other hand, is a crucial element of the value chain that involves promoting and communicating the value of products or services to customers.
While all of these activities are important for organizations, the value chain provides a holistic view of the entire sequence of activities from product conception to customer delivery.
It helps organizations identify opportunities for efficiency, cost reduction, and differentiation in order to deliver superior value to customers and achieve their mission.
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Inflation can be problematic for people on fixed incomes. Define inflation and explain this statement.
Inflation is a term used to describe the general increase in prices of goods and services over time. It means that the purchasing power of a currency decreases as the prices of goods and services rise.
This can be problematic for people on fixed incomes because their income remains constant while the cost of living keeps increasing.Here's why inflation is an issue for people on fixed incomes.Reduced purchasing power: As prices rise, people on fixed incomes find it more difficult to afford the same quantity of goods and services they were able to purchase before.
Higher expenses: Inflation can also affect essential expenses like housing, healthcare, and food. These costs can increase significantly, making it harder for people on fixed incomes to meet their basic needs. Limited options for income adjustment: Unlike individuals with variable incomes, those on fixed incomes may not have the ability to increase their earnings to keep up with inflation.
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Shaun is a CEO of an engineering firm and wants to start a scholarship at a local university. He wants to give $7000 a year in perpetuity. However, he can’t afford to start the scholarship right away. Shaun wants to invest money each year into the scholarship fund for 11 years. How much should he put in each year to ensure the scholarship runs in perpetuity? Assume interest is 5%. Show work,
Shaun should invest $14,080 each year for 11 years to accumulate $140,000 at the end of 11 years.
Given that Shaun wants to give $7000 a year in perpetuity but cannot afford to start the scholarship right away. Hence he wants to invest money each year into the scholarship fund for 11 years. We have to determine the amount that he should put in each year to ensure the scholarship runs in perpetuity.
To calculate the amount that Shaun should put in each year, we need to use the formula for present value of a perpetuity: PMT/r
Where, PMT = the amount being paid each periodr = the interest rate
At an interest rate of 5%, we can calculate how much Shaun would need to invest each year for 11 years to ensure that the scholarship runs in perpetuity as follows: PV = $7000/r
where r = 5% = 0.05PV = $7000/0.05 = $140,000
Therefore, Shaun should invest $14,080 each year for 11 years to accumulate $140,000 at the end of 11 years. The scholarship can then be awarded perpetually using the interest earned on the accumulated fund.
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At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,280, Inventory $3,500, and Common Stock $6,780. The following transactions were completed during April 2025. Apr. 5 Purchased golf bags, elubs, and balls on account from Arnie Co, $2,000, terms 3/10,n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account to members $1,220, term n/30. The merchandise sold had a cost of $770. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sp ortswear $760, terms 1/10,n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $60. 20 Made sales on account to members $810, terms n/30. The cost of the merchandise sold was $550. 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly $90. 30 Received payments on account from members $1,250. Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries presented in the previous part. For accounts that have a zero balance, select " 4/30 Bal." from drop down and enter 0 for the amounts on the normal balance side.)
The beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,280, Inventory $3,500, and Common Stock $6,780.
Step 1: Enter the beginning balances in the ledger accounts:
- Cash: $3,280
- Inventory: $3,500
- Common Stock: $6,780
Step 2: Post the April transactions:
Apr. 5: Purchased golf bags, clubs, and balls on account from Arnie Co, $2,000, terms 3/10, n/60.
- Increase the Inventory account by $2,000 (debit)
- Increase the Accounts Payable account (Arnie Co.) by $2,000 (credit)
Apr. 7: Paid freight on Arnie purchase $80.
- Decrease the Cash account by $80 (debit)
- Decrease the Accounts Payable account (Arnie Co.) by $80 (credit)
Apr. 9: Received credit from Arnie Co. for merchandise returned $200.
- Decrease the Accounts Payable account (Arnie Co.) by $200 (debit)
- Decrease the Inventory account by $200 (credit)
Apr. 10: Sold merchandise on account to members $1,220, term n/30. The merchandise sold had a cost of $770.
- Increase the Accounts Receivable account by $1,220 (debit)
- Increase the Sales Revenue account by $1,220 (credit)
- Increase the Cost of Goods Sold account by $770 (debit)
- Decrease the Inventory account by $770 (credit)
Apr. 12: Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $760, terms 1/10, n/30.
- Increase the Inventory account by $760 (debit)
- Increase the Accounts Payable account (Woods Sportswear) by $760 (credit)
Apr. 14: Paid Arnie Co. in full.
- Decrease the Accounts Payable account (Arnie Co.) by $0 (debit)
- Decrease the Cash account by $1,800 (credit) [Assuming the remaining balance is $2000 - $200]
Apr. 17: Received credit from Woods Sportswear for merchandise returned $60.
- Decrease the Accounts Payable account (Woods Sportswear) by $60 (debit)
- Decrease the Inventory account by $60 (credit)
Apr. 20: Made sales on account to members $810, terms n/30. The cost of the merchandise sold was $550.
- Increase the Accounts Receivable account by $810 (debit)
- Increase the Sales Revenue account by $810 (credit)
- Increase the Cost of Goods Sold account by $550 (debit)
- Decrease the Inventory account by $550 (credit)
Apr. 21: Paid Woods Sportswear in full.
- Decrease the Accounts Payable account (Woods Sportswear) by $700 (debit) [Assuming the remaining balance is $760 - $60]
- Decrease the Cash account by $700 (credit)
Apr. 27: Granted an allowance to members for clothing that did not fit properly $90.
- Decrease the Accounts Receivable account by $90 (debit)
- Decrease the Sales Revenue account by $90 (credit)
Apr. 30: Received payments on account from members $1,250.
- Decrease the Accounts Receivable account by $1,250 (debit)
- Increase the Cash account by $1,250 (credit)
These are the T-account entries for the April transactions.
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Please respond to the following question as though you are the candidate: Assume you had an opportunity to interview the CEO of our tech company. Please compose three open-ended questions you might ask our CEO.
As the candidate, here are three open-ended questions I would ask the CEO of your tech company:1. How do you envision the future of our company in terms of innovation and technological advancements?
- This question allows the CEO to share their strategic vision and plans for driving innovation within the company.
2. Can you describe the biggest challenges the company is currently facing and how you plan to address them?
- This question aims to understand the CEO's perspective on the company's challenges and their strategies for overcoming them.
3. How do you foster a culture of collaboration and teamwork within the organization?
- This question gives insights into the CEO's approach to promoting collaboration and creating a positive work environment, which can greatly impact the company's success.
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Explain why a gain on the sale of a plant asset in the ordinary course of business should be presented in a statement of cash flows prepared using the indirect method as a deduction from net income.
Gains on plant asset sales are deducted from net income in the cash flow statement to accurately show cash flows from operating activities and maintain consistency with the indirect method.
A gain on the sale of a plant asset in the ordinary course of business represents a profit realized from selling an asset at a higher price than its book value. When preparing a statement of cash flows using the indirect method, gains on the sale of plant assets are deducted from net income.
The rationale behind this treatment is to ensure that the statement of cash flows accurately reflects the cash inflows and outflows related to operating activities. By deducting the gain from net income, the statement shows the cash proceeds from the sale separately from the operating activities. This approach maintains the consistency of the indirect method, which aims to reconcile net income with the operating cash flows.
In essence, the deduction of a gain on the sale of a plant asset from net income in the statement of cash flows provides a clearer picture of the cash generated from the company's core operations, without including the non-operating gain. It helps users of financial statements to understand the true cash flow implications of the company's day-to-day business activities.
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Ridgemont Can Company's last dividend was $1.00. You plan to purchase the stock today because you feel that the dividend growth rate will increase to 5% for the next three years and the stock will then reach $15.00 per share. How much should you be willing to pay for the stock if you require a 10% return?
The maximum amount you should be willing to pay for the stock is $9.82 per share.
To calculate this value, we can use the dividend discount model (DDM), which states that the intrinsic value of a stock is the present value of its future dividends. In this case, we need to calculate the present value of the dividends for the next three years and the terminal value of the stock at the end of the third year.
The dividend for the first year is $1.00. The dividend for the second year will be $1.00 * (1 + 5%) = $1.05, and for the third year, it will be $1.05 * (1 + 5%) = $1.10. The terminal value of the stock at the end of the third year is $15.00.
To calculate the present value of these future cash flows, we discount them back to the present using the required return of 10%. We can use the formula:
PV = D1 / (1 + r) + D2 / (1 + r)^2 + D3 / (1 + r)^3 + TV / (1 + r)^3
where PV is the present value, D1, D2, and D3 are the dividends for each year, TV is the terminal value, and r is the required return.
Substituting the values into the formula, we have:
PV = $1.00 / (1 + 0.10) + $1.05 / (1 + 0.10)^2 + $1.10 / (1 + 0.10)^3 + $15.00 / (1 + 0.10)^3
PV ≈ $0.909 + $0.892 + $0.855 + $11.882
PV ≈ $14.538
Therefore, the maximum amount you should be willing to pay for the stock is approximately $9.82 per share, considering a required return of 10%.
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Video 3.2 – Interactive: Leadership for Organizations Interactive
How does the saying "one bad apple can spoil the whole bunch," potentially come into play in this case?
How did Andrew and other leaders on the team us "high character guys" to help them make their ultimate decisions to trade the player?
In this case, the saying "one bad apple can spoil the whole bunch" relates to the impact of negative behavior or attitude on a team or organization.
It suggests that the actions of one individual can have a detrimental effect on the overall morale and performance of the group.
In the context of Andrew and the other leaders on the team, they used "high character guys" to help them make decisions regarding the trade of a player. The term "high character guys" refers to individuals who possess positive qualities such as integrity, honesty, and strong moral values.
By involving these individuals in the decision-making process, Andrew and the other leaders aimed to ensure that the team's culture and values were upheld. They relied on the judgment and input of these "high character guys" to assess whether the player in question aligned with the team's standards and if their behavior could potentially have a negative impact on the overall dynamics of the team.
By involving individuals with strong character in the decision-making process, Andrew and the other leaders aimed to mitigate the risk of bringing in a player who could potentially disrupt team chemistry or negatively influence the overall performance of the team.
In summary, the saying "one bad apple can spoil the whole bunch" highlights the potential negative impact of one individual on a group or organization. In this case, Andrew and the other leaders used "high character guys" to help them assess the potential consequences of trading a player and to ensure that the team's values and culture were maintained. By involving individuals with strong character, they aimed to make informed decisions that would benefit the team as a whole.
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Eddie Zambrano Corporation began operations on January 1, 20Y1. During its first 3 years of operations, Zambrano reported the followino: The following information occurred in the current year, 20Y. Income before income taxes, 20Y4 Discovery of an overstatement of 20Y2 expenses before income taxes Change in inventory Income tax rate for all years
Eddie Zambrano Partnership would report all out held profit of $230,000 in its December 31, 2017, monetary record.
To set up a held profit explanation, you can utilize the held income recipe: Beginning Retained Earnings are the sum of Net Income/Loss minus Dividends Paid.
Determine the initial balance of retained earnings.
Add overall gain.
Deduct profits paid out.
Find the balance of the retained earnings at the end.
Retained earnings as of December 31, 2011: $200,000 Net profit as of December 31, 2012: $50,000 Dividends paid as of December 31, 2012: $235,000 Retained earnings as of December 31, 2012:
Retained Earnings Statement of Eddie Zambrano Corporation for the Year Ended December 31, 2017 Beginning Retained Earnings $160,000 Add: Net Income $240,000
Less: Dividends paid out $100,000;
beginning adjusted retained earnings were $300,000
less: Confined Held Earnings $70,000
Finishing Held Earnings $230,000
The parties involved in an arrangement known as a partnership, or business partnership, agree to work together to advance their respective interests. The accomplices in an association might be people, organizations, interest-based associations, schools, legislatures or mixes. Partnering with one another can broaden a company's reach and increase the likelihood that both will accomplish their goals.
Either a contract or the issuing and holding of equity are options for a partnership. Organizations have a long history; In Europe and the Middle East during the medieval period, they were already in use. A 2006 article claims that Francesco di Marco Datini, a Prato and Florence merchant, formed the first partnership in 1383.
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Consider a lottery that pays to the winner an annuity of $950 that begins immediately (an annuity due) and then annually in year 1 through year 10 with one exception. Because of high administrative costs associated with running the lottery, the payment in year 5, and only 5, is not $950 but $0. Using an interest rate of 4%, determine the present value of this cash flow stream.
The present value of the cash flow stream, taking into account the annuity payments of $950 per year and the exception in year 5, with an interest rate of 4%, is approximately $7,522.79.
To calculate the present value of the cash flow stream, we need to discount each cash flow to its present value and sum them up. The annuity payments of $950 in years 1 to 4 and 6 to 10 can be easily calculated using the formula for the present value of an ordinary annuity. PV = C * (1 - (1 + r)^(-n)) / r. Where PV is the present value, C is the cash flow amount, r is the interest rate, and n is the number of periods. Using this formula, the present value of the annuity payments in years 1 to 4 and 6 to 10 is $7,492.42.
However, we need to consider the exception in year 5, where the payment is $0. Since there is no cash flow in year 5, its present value is also $0. Therefore, the total present value of the cash flow stream is $7,492.42 + $0 = $7,492.42. To summarize, the present value of the cash flow stream, considering the annuity payments and the exception in year 5, with an interest rate of 4%, is approximately $7,522.79.
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Most of companies in the world is running operation with support from external parties such as vendors and supplier. Some of the processes and functions have been outsourced to external parties. Outsourcing can be one of the operation management strategies implemented by companies, especially in manufacturing. Prior to making decision on whether to do the process by the company or to outsource to external parties, a deep analysis is required to be conducted by the operation managers and team members. Assume that you are the operation manager of one company, (a) Explain TWO (2) reasons for the increasing trend in outsourcing strategies applied by many companies recently. (b) Analyse FOUR (4) risks of outsourcing. (c) Outline FOUR (4) advantages of outsourcing.
Outsourcing strategies are increasing due to cost reduction and expertise access, despite risks, outsourcing offers advantages like cost savings and operational efficiency.
(a) The increasing trend in outsourcing strategies can be attributed to two main reasons: cost reduction and expertise access. Companies often outsource certain processes or functions to external parties because it can be more cost-effective compared to performing them in-house.
Outsourcing allows companies to take advantage of lower labor and operational costs in other regions or countries. Additionally, outsourcing provides access to specialized expertise that may not be available within the company, enabling access to cutting-edge technology, skills, and knowledge.
(b) Outsourcing also comes with certain risks that need to be carefully considered. Four risks of outsourcing include loss of control over processes and quality, potential security and confidentiality breaches, dependency on external vendors, and the risk of negative public perception if outsourcing is perceived as a loss of local jobs.
(c) Despite the risks, outsourcing offers several advantages. Four advantages of outsourcing include cost savings, increased operational efficiency, scalability and flexibility, and the ability to focus on core competencies.
Outsourcing allows companies to reduce costs by accessing lower-cost labor markets and leveraging economies of scale. It can also enhance operational efficiency by tapping into external expertise and resources. Furthermore, outsourcing provides scalability and flexibility, allowing companies to quickly adjust their operations based on market demands.
Lastly, outsourcing enables companies to focus on their core competencies while external experts handle non-core functions, leading to improved overall performance.
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(Capital structure analysis) The Karson Transport Company currently has net operating income of $509,000 and pays interest expense of $209,000. The company plans to borrow $1.12 million on which the firm will pay 11 percent interest. The borrowed money will be used to finance an investment that is expected to increase the firm's net operating income by $401,000 a year.
a. What is Karson's times interest earned ratio before the loan is taken out and the investment is made?
b. What effect will the loan and the investment have on the firm's times interest earned ratio?
Part 1
a. What is Karson's times interest earned ratio before the loan is taken out and the investment is made?
The times interest earned ratio is 2.44 times. (Round to two decimal places.)
Part 2
b. What effect will the loan and the investment have on the firm's times interest earned ratio?
The loan and the investment will increase the firm's times interest earned ratio from 2.44 times to approximately 2.74 times.
To calculate the times interest earned ratio, we divide the net operating income by the interest expense.
Part 1:
Before the loan is taken out and the investment is made:
Net Operating Income = $509,000
Interest Expense = $209,000
Times Interest Earned Ratio = Net Operating Income / Interest Expense
Times Interest Earned Ratio = $509,000 / $209,000
Times Interest Earned Ratio = 2.44 times (rounded to two decimal places)
Part 2:
To determine the effect of the loan and investment on the times interest earned ratio, we need to consider the additional net operating income from the investment and the interest expense from the loan.
Additional Net Operating Income from the Investment = $401,000
Interest Expense from the Loan = $1.12 million * 11% = $123,200
New Net Operating Income = $509,000 + $401,000 = $910,000
New Interest Expense = $209,000 + $123,200 = $332,200
New Times Interest Earned Ratio = New Net Operating Income / New Interest Expense
New Times Interest Earned Ratio = $910,000 / $332,200
New Times Interest Earned Ratio ≈ 2.74 times (rounded to two decimal places)
Therefore, the loan and the investment will increase the firm's times interest earned ratio from 2.44 times to approximately 2.74 times.
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Marv delivers a negotiable promissory note to Peter. Peter specially endorses it and delivers it to Art. Art adds his signature and delivers it to Bev. Bev, without signing it, delivers it to Carla. Carla endorses without recourse and delivers it to john. John presents the instrument to Marv, who replies, "I’m sorry, but I have no money." From whom can John collect the note? What must he do to collect? Explain.
John's recourse for collecting the note lies with peter, the party who specially endorsed it and delivered it to art.
in this scenario, john can collect the note from peter. to collect the note, john needs to fulfill the requirements of negotiation, which include possession of the instrument and proper endorsement.
peter's special endorsement makes him liable on the promissory note, so he remains responsible for its payment. as the last party to endorse the note before john, peter is the primary party from whom john can seek payment.
to collect the note, john must present the instrument to peter and demand payment. if peter fails to make the payment, john may take legal action against him to enforce the payment obligation. it's important to note that since carla endorsed the note without recourse, she has disclaimed any liability, and marv, the maker of the promissory note, has already indicated his inability to pay.
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If an innovation is likely to generate $2,000 three years in the future, and the interest rate is 5%, the present value of that flow of profits is best approximated by:
$1,700
$2,315
$1,728
$1,905
The best approximation for the present value of the flow of profits is $1,728, which corresponds to option C.
To calculate the present value of a future flow of profits, we need to discount the future value using the interest rate. The present value can be calculated using the formula:
[tex]\[PV = \frac{FV}{(1 + r)^n}\][/tex]
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years in the future.
In this case, the future value (FV) is $2,000, the interest rate (r) is 5% (or 0.05), and the number of years (n) is 3.
Using the formula, we can calculate the present value (PV):
[tex]\[PV = \frac{2,000}{(1 + 0.05)^3}\][/tex]
Rounding to the nearest whole dollar, the present value is approximately $1,728.
Therefore, the best approximation for the present value of the flow of profits is $1,728, which corresponds to option C.
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