The total dividend to be paid on March 31, 2020, is [tex]$96,000[/tex] .Note: The number of shares on which dividend is to be paid is the number of shares held by the shareholders on the record date, which is March 10, 2020.
Given data:On March 1, 2020, ExCo's board of directors declared a cash dividend of [tex]$0.75[/tex] per common share to shareholders of record on March 10, payable March 31. There were 128,000 shares issued and outstanding.
Calculation of dividend to be paid on March 31, 2020:Number of shares issued and outstanding = 128,000Dividend declared per share = [tex]$0.75[/tex] Total dividend to be paid = Number of shares issued and outstanding × Dividend declared per share= 128,000 × [tex]$0.75[/tex]
= [tex]$96,000[/tex].
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A Classical macroeconomist believes that the economy is self-regulating and always A. at full employment B. facing a balanced budget C. below full employment D. above full employment
It is the level of unemployment that occurs when there is no cyclical unemployment, which means the economy is working at its maximum output level. The correct option is A. at full employment.
A classical macroeconomist believes that the economy is self-regulating and always at full employment.
Why classical macroeconomists believe that the economy is self-regulating?
The classical macroeconomists suggest that the economy is self-regulating because it has a natural tendency to stabilize.
They argued that the economy would constantly return to full employment equilibrium, which is one of the reasons why they recommended laissez-faire policies.
They thought that a market economy would operate in such a way that supply and demand would be in balance, leading to full employment.
In classical economics, full employment occurs when all those willing and able to work are employed, and the economy is operating at its maximum potential.
It means that there is no involuntary unemployment. It is the level of unemployment that occurs when there is no cyclical unemployment, which means the economy is working at its maximum output level.
The correct option is A. at full employment.
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what information is provided by the receivables turnover ratio? (check all that apply.) multiple select question. that a higher ratio means faster (better) turnover the number of times the average receivables balance is collected during the period the average number of days it takes to make a sale on account that a higher ratio means slower (worse) turnover
The correct s are: - that a higher ratio means faster (better) turnover.
the information provided by the receivables turnover ratio includes:
- that a higher ratio means faster (better) turnover: the receivables turnover ratio measures how quickly a company collects its accounts receivable. a higher ratio indicates that the company is collecting its receivables more efficiently, which is considered better.
- the number of times the average receivables balance is collected during the period: the receivables turnover ratio calculates how many times, on average, the accounts receivable balance is collected during a specific period, such as a year. it provides insight into the effectiveness of the company's credit and collection policies.
- the average number of days it takes to make a sale on account: although the receivables turnover ratio does not directly provide the average number of days, it indirectly reflects the average collection period. by taking the reciprocal of the receivables turnover ratio, you can estimate the average number of days it takes for the company to collect its receivables.
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QS 18-6 (Algo) Contribution margin ratio LO A1 Compute the contribution margin ratio and fixed costs using the following data. Sales \( \$ 4,300 \) Variable costs \( \$ 2,881 \) income \( \$ 570 \)
The contribution margin ratio is 33.0% and the fixed costs are found to be $849.
Contribution margin ratio and fixed costs using the given data can be calculated as follows:
Sales = $4,300
Variable costs = $2,881
Contribution margin = Sales - Variable costs
Contribution margin = $4,300 - $2,881
= $1,419
Contribution margin ratio = (Contribution margin ÷ Sales) × 100
Contribution margin ratio = ($1,419 ÷ $4,300) × 100
= 33.0%
Contribution margin is equal to sales minus variable costs.
Hence, the contribution margin can be computed as:
Contribution margin = Sales - Variable costs
$1,419 = $4,300 - $2,881
The contribution margin ratio is equal to the contribution margin divided by the sales and then multiplied by 100. Hence, the contribution margin ratio can be calculated as:
Contribution margin ratio = (Contribution margin ÷ Sales) × 100
Contribution margin ratio = ($1,419 ÷ $4,300) × 100
= 33.0%
Fixed costs = Sales - Variable costs - Income
Fixed costs = $4,300 - $2,881 - $570
Fixed costs = $849
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what+is+the+present+value+of+the+following+cash+flow+stream+at+a+rate+of+11.00%?+years+0+1+2+3+4+cf's+$0+$75+$225+$0+$300+$523.93+$362.72+$447.80+$465.71
The present value of the given cash flow stream at a rate of 11.00% is approximately $1,380.81.
To calculate the present value of the cash flow stream at a rate of 11.00%, we need to discount each cash flow to its present value and then sum them up. Here's how you can calculate it:
Year 0: $0 (No cash flow)
Year 1: $75
Year 2: $225
Year 3: $0
Year 4: $300
Year 5: $523.93
Year 6: $362.72
Year 7: $447.80
Year 8: $465.71
Using the formula for present value (PV), where CF is the cash flow and r is the discount rate:
PV = CF / (1 + r)^n
Let's calculate the present value for each cash flow and sum them up:
PV = $0 / (1 + 0.11)^0 + $75 / (1 + 0.11)^1 + $225 / (1 + 0.11)^2 + $0 / (1 + 0.11)^3 + $300 / (1 + 0.11)^4 + $523.93 / (1 + 0.11)^5 + $362.72 / (1 + 0.11)^6 + $447.80 / (1 + 0.11)^7 + $465.71 / (1 + 0.11)^8
Calculating each term:
PV = $0 + $67.57 + $178.89 + $0 + $203.31 + $307.24 + $183.83 + $223.46 + $216.51
Adding up the terms:
PV ≈ $1,380.81
Therefore, the present value of the given cash flow stream at a rate of 11.00% is approximately $1,380.81.
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Should companies always try to pursue a blue ocean strategy? If so, what is the best rationale? If not, what is the best rationale?
a.
Yes, companies should always pursue a blue ocean strategy because it’s harder for competitors to replicate.
Whether or not companies should always pursue a blue ocean strategy depends on various factors. The best rationale for pursuing a blue ocean strategy is that it can create uncontested market space where competition is minimized.
By identifying and targeting untapped market segments, companies can differentiate themselves from competitors and attract new customers. This strategy allows companies to offer unique value propositions and charge premium prices, leading to increased profitability.
However, there are situations where pursuing a blue ocean strategy may not be the best approach. One rationale against always pursuing a blue ocean strategy is that it requires significant investment in research, development, and marketing. This can be costly and time-consuming, making it less viable for small or resource-constrained companies. Additionally, in certain industries or markets with strong existing competition, it may be more practical to focus on optimizing existing products or services and gaining a competitive advantage through innovation or cost leadership.
In conclusion, while pursuing a blue ocean strategy can provide significant advantages, it is not always the best approach for every company. Factors such as market conditions, resources, and competition should be carefully considered when deciding whether to pursue a blue ocean strategy or explore other alternatives.
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A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a A. Job cost sheet. B. Production order. C. Materials requisition. D. Materials purchase order. E. Receiving report.
The correct answer in this case is option (C), Materials requisition. The materials requisition form serves as a critical source document for production managers.
A materials requisition is a source document used by production managers to request materials for production. It serves as a formal request for the transfer of materials from the inventory or warehouse to the production department. The materials requisition form typically includes information such as the quantity of materials needed, the description or specification of the materials, the job or production order number, and any other relevant details. It allows them to request materials for production, track the flow of materials, assign costs to specific jobs, and allocate materials costs to overhead.
The materials requisition form plays a crucial role in assigning materials costs to specific jobs or overhead. Here's how it works:
Assigning materials costs to specific jobs: When materials are requested for a specific job or project, the materials requisition form is used to document the transfer of materials from the inventory to that particular job. By referencing the job or production order number on the materials requisition form, production managers can accurately track and assign the materials costs to specific jobs. This helps in determining the direct costs associated with each job and facilitates job costing.
Assigning materials costs to overhead: In some cases, materials may be requested for general production activities or overhead purposes rather than being directly tied to a specific job. The materials requisition form is still used to authorize the transfer of materials from the inventory, and the costs associated with these materials are allocated to overhead or indirect costs. This enables the production managers to account for indirect material expenses and include them in the overall cost calculations.
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the term securities generally refers to: group of answer choices notes. stocks. bonds. all of these choices.
The term "securities" generally refers to all of these choices: notes, stocks, and bonds. Securities are financial instruments that represent ownership or a debt obligation issued by a company or government entity.
Notes are short-term debt instruments that typically have a maturity of one year or less. They are usually issued by corporations or governments to raise capital quickly. Stocks, also known as shares or equity, represent ownership in a company. When an individual holds stock in a company, they are considered a shareholder and have certain rights and privileges, including voting rights and a claim on the company's profits.
Bonds are long-term debt instruments issued by governments or corporations to raise capital. When an investor purchases a bond, they are essentially lending money to the issuer in exchange for periodic interest payments and the return of the principal amount at maturity. So, when the term "securities" is used, it encompasses a broad range of financial instruments, including notes, stocks, and bonds, as they are all considered tradable and transferable instruments that carry some form of financial value.
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Product costs are immediately recorded in expense accounts when the products are manufactured. O True O No answer text provided. O False 3.45 pts O No answer text provided.
Product costs are immediately recorded in expense accounts when the products are manufactured - False.
Product costs are direct and indirect costs incurred in producing a product. Product costs include direct labor costs, direct material costs, and manufacturing overhead costs. These costs are capitalized in inventory accounts until the goods are sold.
Expense accounts are accounts that record and report expenses that are incurred in the operations of a business. Examples of expense accounts include rent, salaries and wages, supplies, utilities, and other expenses that are necessary to keep a business running. When an expense is incurred, it is immediately recorded in the expense account.
The statement "Product costs are immediately recorded in expense accounts when the products are manufactured" is false because product costs are capitalized in inventory accounts until the goods are sold, while expenses are immediately recorded in expense accounts when they are incurred.
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Where is a good place for reviewers to start reviewing a work?
A. with the opinions of famous thinkers
B. with quotations from other reviewers
C. by analyzing the context of a work
D. by noticing their emotional reaction
Answer:
C. by analyzing the context of a work
Explanation:
We are asked what is a good place for reviewers to start reviewing a work.
By analyzing the context of a work, the work could be reviewed.
Hence C is the most appropriate option.
as a manager, jordan likes to make sure that everyone is satisfied and happy with their work and their relationships with others. jordan is would rather have something done a little slower or with a lower quality than have employees upset with each other. this suggests that jordan prefers which style of manager?
Jordan prefers a relationship-oriented or people-oriented management style.
Jordan's focus on ensuring employee satisfaction and harmonious relationships indicates a priority on interpersonal dynamics and employee well-being over strict task completion or efficiency. This style emphasizes fostering positive work relationships and creating a supportive work environment, valuing employee morale and teamwork. While it may prioritize employee happiness, it's important to find a balance between maintaining positive relationships and achieving organizational goals.
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After talking your managerial economics class, you realize that you can probably raise your profits by price discriminating by charging different prices in the two locations. You then breakdown sales across the two locations
In Laredo: You sold 200 burger meals per week at $9 and 100 meals at $10
In San Antonio: You sold 1200 meals per week at $9 and 1100 meals at $10
Using the two prices above, estimate your demand function in Laredo. What would demand be at the optimal price from Q1?
Using the two prices above, estimate your demand function in San Antonio. What would demand be at the optimal price from Q1?
Calculate the point price elasticity of demand at the optimal price for Q1 (and quantity from part A) in Laredo
Calculate the point price elasticity of demand at the optimal price for Q1 (and quantity from part B) in San Antonio
1. The point price elasticity of demand at the optimal price for Laredo is -2.0.
2. The point price elasticity of demand at the optimal price for San Antonio is -1.1.
1. Laredo
The demand function in Laredo can be estimated as follows:
Q = -100 + 20P
where Q is the number of burger meals sold per week and P is the price per burger meal.
The optimal price in Laredo is $9, because this is the price that maximizes the number of burger meals sold. At this price, demand is equal to 200 burger meals per week.
2. San Antonio
The demand function in San Antonio can be estimated as follows:
Q = -1100 + 120P
where Q is the number of burger meals sold per week and P is the price per burger meal.
The optimal price in San Antonio is $9.50, because this is the price that maximizes the number of burger meals sold. At this price, demand is equal to 1200 burger meals per week.
3. Point Price Elasticity of Demand
The point price elasticity of demand is a measure of how sensitive demand is to changes in price. It is calculated as follows:
E = (dQ/dP) * (P/Q)
where E is the point price elasticity of demand, dQ/dP is the change in demand divided by the change in price, P is the price, and Q is the demand.
The point price elasticity of demand at the optimal price for Laredo is -2.0. This means that a 1% increase in price will lead to a 2% decrease in demand.
The point price elasticity of demand at the optimal price for San Antonio is -1.1. This means that a 1% increase in price will lead to a 1.1% decrease in demand.
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How can The Walt Disney Company create a sustainable competitive advantage over its rivals? In other words, what are Disney's internal strengths and weaknesses compared to its competitors?
Please provide your answers with some evidence and links to the information sources.
(Note: When you state the competitors, you may want to focus on a specific business unit such as Media Networks, Studio Entertainment, Direct-to-Consumer and International; and Parks, Experiences and Consumer Products
The Walt Disney Company can create a sustainable competitive advantage over its rivals by leveraging its internal strengths and addressing its weaknesses.
Here are some examples:
Internal strengths:
1. Strong brand recognition: Disney has a globally recognized brand that is associated with quality entertainment and family-friendly content.
2. Diversified business portfolio: Disney operates in various business units, including Media Networks, Studio Entertainment, Direct-to-Consumer and International, and Parks, Experiences, and Consumer Products. This diversification allows Disney to reach a wide audience and generate revenue from multiple sources.
3. Technological innovation: Disney has embraced technology in its operations, such as its streaming service Disney+, which has gained popularity and contributed to its success.
Internal weaknesses:
1. High dependence on certain franchises: Disney's success is partly tied to the success of its popular franchises like Marvel and Star Wars. This dependence can pose a risk if these franchises lose popularity.
2. Vulnerability to piracy and illegal streaming: Disney's content is susceptible to piracy, which can impact its revenue and competitive position.
To create a sustainable competitive advantage, Disney can focus on innovation, expanding its content library, and investing in technology to improve customer experience. By leveraging its brand and diversified business portfolio, Disney can continue to attract and retain customers across its various business units.
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that's all. nothing else is provided.
(Liquidity and profitability analysis) Superior Kitchens and Bathrooms Ltd. is a small business that sells kitchen and bathroom fixtures and accessories and also does design and installation. The busi
Based on the information provided, it is clear that Superior Kitchens and Bathrooms Ltd. is a small business that deals in the sale of kitchen and bathroom fixtures and accessories, as well as design and installation services.
As a result, in order to assess the company's financial situation, it is critical to evaluate its liquidity and profitability. The following are some of the measures that can be used to evaluate these aspects:Liquidity analysis: The liquidity of an organization refers to its capacity to pay off its short-term debts. It is critical for an organization to maintain a healthy liquidity position in order to survive and continue operations during tough times. Some of the liquidity measures include:
1. Current ratio = Current assets / Current liabilities.
2. Quick ratio = (Current assets - Inventories) / Current liabilities.Profitability analysis:
The financial health of an organization is determined by its profitability. In other words, it measures whether the company is generating profits or not. The following are some measures that can be used to evaluate a company's profitability:
1. Gross profit margin = (Revenue - Cost of goods sold) / Revenue.
2. Net profit margin = Net profit / Revenue.
3. Return on assets = Net profit / Total assets.
In conclusion, a company's liquidity and profitability are critical indicators of its financial stability. Organizations should aim to maintain a good liquidity position while also generating consistent profits.
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Show Attempt History Current Attempt in Progress Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. Tablet Division MP3 Player Division Total Sales $968,500 $521,500 $1,490,000 Variable costs 687,635 286,825 974,460 Contribution margin $280,865 $234,675 515,540 Fixed costs 142,206 Net income $373,334 ✓ Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division Sales Mix Percentage Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division 65 % MP3 Player division 35 % Contribution Margin Ratio Tablet division 29 % MP3 Player division 45 96 e Textbook and Media Attempts: 1 of 2 used Your answer is correct. Calculate the company's weighted average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.) Weighted average contribution margin ratio 34.60 % e Textbook and Media Attempts: 1 of 2 used Your answer is correct. Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer too decimal places, e.g. 1,526.) Your answer is correct. Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer too decimal places, e.g. 1,526.) Break-even point $ 411000 e Textbook and Media Attempts: 1 of 2 used Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.) Break-even point Tablet division MP3 Player division $
At the break-even point, the sales level in dollars for the Tablet division is $490,930 and for the MP3 Player division is $316,275.
How to find?To calculate the sales level in dollars for each division at the break-even point, we can use the contribution margin ratio for each division.
The contribution margin ratio is calculated by dividing the contribution margin by the sales for each division.
For the Tablet division:
Contribution Margin Ratio = Contribution Margin / Sales
Contribution Margin Ratio = $280,865 / $968,500
Contribution Margin Ratio = 0.2897 or 28.97%
For the MP3 Player division:
Contribution Margin Ratio = Contribution Margin / Sales
Contribution Margin Ratio = $234,675 / $521,500
Contribution Margin Ratio = 0.4497 or 44.97%
Now, to calculate the sales level in dollars for each division at the break-even point, we need to set the contribution margin equal to the fixed costs.
For the Tablet division:
Contribution Margin Ratio * Sales = Fixed Costs
0.2897 * Sales = $142,206
Sales = $142,206 / 0.2897
Sales = $490,930.47 (rounded to $490,930)
For the MP3 Player division:
Contribution Margin Ratio * Sales = Fixed Costs
0.4497 * Sales = $142,206
Sales = $142,206 / 0.4497
Sales = $316,274.61 (rounded to $316,275)
Therefore, at the break-even point, the sales level in dollars for the Tablet division is $490,930 and for the MP3 Player division is $316,275.
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Analyze the data to determine if the new product the companyhas
introduced is meeting expectation.
the
image should be clear now.
To analyze the data to determine if the new product the company has introduced is meeting expectations, we must conduct a product analysis. It is important to note that conducting a product analysis allows us to identify the strengths and weaknesses of the product, along with how it is performing in the market. We should also consider the following areas to evaluate the product:
1. Sales
2. Customer feedback
3. Product reviews
4. Product return rate
First, we can analyze the sales data of the new product to determine its market performance. This data can include revenue generated from sales, number of units sold, and sales growth rate. The sales data will indicate if the product is selling as expected or not.
Second, we can look at customer feedback to determine if the new product is meeting their expectations. We can collect feedback through online reviews, surveys, and social media comments. Analyzing customer feedback will provide insights on what customers like and dislike about the product.
Third, we can evaluate product reviews from experts and consumers to assess the overall quality and functionality of the new product. Analyzing product reviews can also provide insights on potential improvements or modifications that can be made.
Lastly, we can evaluate the product return rate. This data can indicate whether the product is meeting customer expectations or not. A high return rate may indicate that the product is not meeting expectations and may need modifications.
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With trade, the knowledge used by an entire economy would be about the same as the knowledge had by: all intelligent people combined. a large number of people. one person. no one.
Answer: The knowledge used by an economy is much greater than that of a single person or even a group of intelligent people combined.
Explanation:
Trade is essential for the development of any economy. It allows countries to specialize in their production and exchange surplus with other countries.
As a result, the knowledge used by an entire economy is about the same as the knowledge had by a large number of people. When countries specialize in producing goods and services, they develop expertise in those particular areas and become more efficient in producing them.
By trading with other countries, they can get access to goods and services they don't produce and satisfy their consumers' demands. It also allows for the exchange of ideas and knowledge between different cultures, leading to innovation and economic growth.
In conclusion, trade allows for the sharing of knowledge and expertise between different countries, which leads to the development of an entire economy.
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As a result of an Automatic Stay:
A)Debtors must pay their outstanding debt in one immediate lump-sum
B)Creditors are able to begin or continue legal actions against a debtors to recover claims
C)Debtors must begin to pay their outstanding debt in repeating, pre-identified dollar amounts.
D)Creditors cannot begin or continue legal actions against a debtor to recover claims.
The correct option among all the options that is a result of an Automatic Stay is D. Creditors cannot begin or continue legal actions against a debtor to recover claims.
An automatic stay refers to a temporary prohibition against creditors from starting or pursuing debt collection actions against a debtor who has filed for bankruptcy protection. Filing a bankruptcy petition automatically starts an automatic stay. The automatic stay applies to most kinds of debts, including mortgage foreclosures, car repossessions, garnishments, collection calls, and collection letters, to name a few.
Creditors who violate the automatic stay can face court sanctions and financial penalties. The automatic stay, on the other hand, has certain exceptions, which means that some actions are not stopped automatically.
The automatic stay serves two main purposes. The first is to allow the debtor to reorganize and propose a repayment plan without the pressure of continued debt collection attempts. It is meant to be a "breathing space" for the debtor to regroup and consider their financial options. The automatic stay's second objective is to ensure that the debtor's assets and creditors are treated in an equitable manner in the event of a bankruptcy.
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Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2019. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2020.
Fairborne Company borrowed $600,000 on an 8% interest-bearing note on October 1, 2019. The note was paid with interest on May 1, 2020.
When Fairborne Company borrowed $600,000 on an 8% interest-bearing note on October 1, 2019, it means that the company borrowed a principal amount of $600,000, and it agreed to pay interest at an annual rate of 8%. The note's terms would specify the repayment schedule and any additional conditions.
Since Fairborne Company's fiscal year ends on December 31, the interest expense incurred on the note for that fiscal year would be calculated based on the number of months from October 1 to December 31. The interest expense for the subsequent months would be calculated similarly.
On May 1, 2020, Fairborne Company paid off the note with interest. This means that the principal amount of $600,000 was repaid along with the accrued interest up to that date.
The specific calculation of interest expense and the repayment schedule would depend on the terms of the note, such as the compounding period and any additional fees or provisions. Without those details, it is not possible to provide the exact interest expense and repayment amounts.
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Leveraged ETFs are designed to have volatile price movements and, because of this, FINRA sets higher minimum margins. FINRA sets the minimum margin for leveraged ETFs at the leverage percentage times the minimum maintenance margin requirement. Since this is a 200% leveraged ETF, the minimum margin is 2 times the FINRA 25% minimum = 50%, which is the same as the Regulation T requirement.
Assume that a customer buys $20,000 of a 200% leveraged ETF. The account sets up as:
Long Market Value Debit Equity
$20,000 $10,000 $10,000
If the reference index increases by 10%, this ETF value will go up by 20% (it goes up 2 times as fast as the index movement, since it is a 200% leveraged ETF). Thus, the new market value will be 20% higher than $20,000 = $24,000. The account will now show:
Long Market Value Debit Equity
$24,000 $10,000 $14,000
The equity has increased by $4,000 over the original $10,000 invested, for a 40% increase.
A customer buys 100 shares of a 200% leveraged ETF in a margin account and deposits the required margin. If the reference index increases by 10%, the customer's equity will increase by:
The customer's equity will increase by $4,000, resulting in a 40% increase over the initial investment of $10,000.
To calculate the customer's equity increase, we need to consider the initial investment, the leverage ratio, and the percentage change in the reference index.
Given:
The customer buys 100 shares of a 200% leveraged ETF.
The reference index increases by 10%.
First, let's determine the initial investment:
The customer buys 100 shares, but we don't have the share price information. Assuming the purchase price is $200 per share (for simplicity), the initial investment would be:
Initial Investment = 100 shares * $200 = $20,000
Next, we calculate the percentage change in the leveraged ETF's value, which is double the percentage change in the reference index due to the 200% leverage:
Percentage change in ETF value = 2 * 10% = 20%
Now, let's calculate the new market value of the leveraged ETF:
New Market Value = Initial Investment + (Percentage change in ETF value * Initial Investment)
New Market Value = $20,000 + (20% * $20,000) = $20,000 + $4,000 = $24,000
The customer's equity increase is the difference between the new market value and the initial investment:
Equity Increase = New Market Value - Initial Investment
Equity Increase = $24,000 - $20,000 = $4,000
Therefore, the customer's equity will increase by $4,000, resulting in a 40% increase over the initial investment of $10,000.
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The founders sought to create a republic which would satisfy two goals that often come
into conflict. The first goal is for this new republic to represent the will of its citizens.
The second goal is for it to respect their basic civil liberties. Which of these four
institutional arrangements is best suited to achieve these two goals: the Articles of
Confederation, The New Jersey Plan, The Virginia Plan, or the American Constitution?
Answer:
The American Constitution is the best suited institutional arrangement to achieve the two goals, which are to represent the will of its citizens and to respect their basic civil liberties.
The American Constitution was written with the intent of creating a national government that would be strong enough to represent the will of the people while also protecting individual liberties. The Constitution provides for a strong federal government with a system of checks and balances that ensure that no one branch of government becomes too powerful.
The federal government is responsible for the protection of individual rights and the enforcement of the law, while individual states have a certain amount of autonomy to govern themselves in areas that are not specifically enumerated in the Constitution.
In conclusion, the American Constitution is the best institutional arrangement for creating a republic that represents the will of its citizens while respecting their basic civil liberties. It accomplishes this by providing a strong federal government with a system of checks and balances that ensure that no one branch of government becomes too powerful. The Constitution also protects individual rights and provides for the enforcement of the law.
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which of the following is included as a component of stockholders' equity? select one: a. retained earnings b. accounts payable c. prepaid property taxes d. dividends e. buildings
The component of stockholders' equity included from the options provided is: a. Retained earnings.
The component of stockholders' equity included from the options provided is retained earnings. Retained earnings represent the cumulative profits or earnings that a company has retained after paying dividends to its shareholders. It is an essential part of stockholders' equity as it reflects the accumulated net income of the company since its inception, less any dividends distributed to shareholders. Retained earnings contribute to the overall financial health of a company and can be used for various purposes, such as reinvesting in the business, funding expansion projects, reducing debt, or issuing future dividends. On the other hand, the options accounts payable, prepaid property taxes, dividends, and buildings do not directly contribute to stockholders' equity. Accounts payable represents the company's outstanding liabilities for goods or services received but not yet paid for. Prepaid property taxes represent a current asset and not an equity component. Dividends represent the distribution of profits to shareholders and are not considered part of stockholders' equity. Finally, buildings are tangible assets and are not directly associated with stockholders' equity.
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a manufacturer from state a invented a new type of communication device. a competitor from state b built a device of its own that exactly replicated the manufacturer's device. once the manufacturer learned of the competitor's device, it brought suit in federal district court against the competitor for patent infringement under federal law. the manufacturer claimed $75,000 in total damages as a result of the infringement. what law should the district court apply to the manufacturer's claim?
The district court should apply federal patent law to the manufacturer's claim of patent infringement against the competitor. Patent law is governed by federal statutes, specifically the United States Code Title 35, which establishes the legal framework for granting and enforcing patents.
Patent infringement cases are typically heard in federal district courts, as they have jurisdiction over matters involving federal law. The manufacturer's claim of patent infringement seeks to protect its invention and intellectual property rights, which fall under the purview of federal patent law.
In this scenario, the manufacturer is seeking damages of $75,000 as a result of the competitor's alleged infringement. The district court would analyze the claims, examine the relevant patent(s), and assess whether the competitor's device meets the criteria for infringement under federal patent law. If the court determines that the competitor has indeed infringed upon the manufacturer's patent rights, it may award damages and potentially issue injunctions or other remedies to protect the manufacturer's intellectual property.
It's important to note that patent law can be complex, and specific details and circumstances of the case may influence the court's decision. Therefore, it is advisable for the manufacturer to consult with legal counsel experienced in patent law to navigate the litigation process effectively.
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Wiater Company operates a small manufacturing facility. On January 1, 2015, an asset account for the company showed the following balances:
Equipment $160,000
Accumulated Depreciation (beginning of the year) 100,000
During the first week of January 2015, the following expenditures were incurred for repairs and maintenance:
Routine maintenance and repairs on the equipment $1,850
The major overhaul of the equipment that improved efficiency 24,000
The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $10,000 estimated residual value. The annual accounting period ends on December 31.
Required:
1. Prepare the adjusting journal entry that would have been made at the end of 2014 for depreciation on the manufacturing equipment. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.
The adjusting journal entry for depreciation at the end of 2014 would be: December 31, 2014:
Depreciation Expense $10,000
Accumulated Depreciation $10,000
To prepare the adjusting journal entry for depreciation on the manufacturing equipment at the end of 2014, we need to calculate the annual depreciation expense. Here's the calculation:
Cost of Equipment: $160,000
Accumulated Depreciation (Beginning of the year): $100,000
Estimated Residual Value: $10,000
Estimated Useful Life: 15 years
Depreciation Expense per Year = (Cost - Residual Value) / Useful Life
= ($160,000 - $10,000) / 15
= $150,000 / 15
= $10,000 per year
Now, to record the adjusting entry for depreciation at the end of 2014, we need to recognize the depreciation expense for the portion of the year. Assuming the annual accounting period ends on December 31, the entry would be as follows:
Date: December 31, 2014
Depreciation Expense: ($10,000 / 12 months) * (number of months from January 1, 2014, to December 31, 2014)
Accumulated Depreciation: Depreciation Expense
Let's say there are 12 months in the period. The entry would be:
December 31, 2014:
Depreciation Expense: $10,000 / 12 * 12 = $10,000
Accumulated Depreciation: $10,000
Therefore, the adjusting journal entry for depreciation at the end of 2014 would be:
December 31, 2014:
Depreciation Expense $10,000
Accumulated Depreciation $10,000
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1) If you borrowed $1,000 for a 4 year period, with a simple interest rate of 8% per annum, the total interest to be paid would be
A) 1,000
B) 300
C) 100
D) 500
E) none
2) The Toronto Cancer Society needs $70,000 for the purchase of a new cancer treatment piece of equipment in four years. If The Toronto Cancer Society is able to deposit $47,811 at the beginning of this year, what rate of interest - compounded annually - must The Toronto Cancer Society receive to fund the purchase of this piece of equipment in four years?
A)10%
B)11%
C)9%
D)
E)7%
3) A series of identical cash flows (inflow or outflow) is referred to as a(n)
sum series
None of the other alternatives are correct
annuity
single sum
identical series
4)In four years Allan Chu plans to enroll in the masters program at York University. He estimates that tuition will be $40,000 and living expenses will be the same amount. His best investment opportunity is paying 6% compounded semi-annually. How much must Allan invest now to have sufficient funds to cover his education?
$37,770
$36,590
$63,153
None of these
$66,128
8%
If you borrowed $1,000 for a 4-year period, with a simple interest rate of 8% per annum, the total interest to be paid would be $320 (Option B).
How to find?The formula for simple interest is given by.
I = Prt
Where, I = Interest,
P = Principal,
r = rate, and
t = time.
I = 1,000 x 0.08 x 4
= $3202.
The Toronto Cancer Society needs $70,000 for the purchase of a new cancer treatment piece of equipment in four years.
2. If The Toronto Cancer Society is able to deposit $47,811 at the beginning of this year, the rate of interest compounded annually that The Toronto Cancer Society must receive to fund the purchase of this piece of equipment in four years is 8% (Option D).
The formula for compound interest is given by
FV = PV(1 + r)n
Where,
FV = Future value,
PV = Present value,
r = Rate of interest,
n = Time period (in years)
The Toronto Cancer Society has already deposited $47,811. So the future value will be the required amount of $70,000.
Therefore,
FV = $70,000,
PV = $47,811,
n = 4 years
Plugging in the values, we get,
70,000 = 47,811(1 + r)4r
= 8%
3. A series of identical cash flows (inflow or outflow) is referred to as an annuity (Option C).
An annuity is a stream of equal payments that occur at regular intervals. These payments are known as an annuity.
4. In four years, Allan Chu plans to enroll in the masters program at York University.
He estimates that tuition will be $40,000, and living expenses will be the same amount. His best investment opportunity is paying 6% compounded semi-annually. The amount that Allan must invest now to have sufficient funds to cover his education is $63,153 (Option C).
The formula for compound interest is given by:
[tex]FV = PV(1 + r/n)^(n*t)[/tex]
Where,
FV = Future value,
PV = Present value,
r = Rate of interest,
t = Time period (in years), and
n = Compounding periods per year.
Allan needs $80,000 for his education in 4 years.
He has 8 semi-annual periods.
The rate of interest is 6% compounded semi-annually.
[tex]PV = FV / (1 + r/n)^(n*t)[/tex]
PV = 80,000 / (1 + 0.06/2)^(2*4)
PV = 63,153.01
Therefore, Allan must invest $63,153 now to have sufficient funds to cover his education.
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The lump sum principle suggests that the tax that reduces utility the least is a. a tax on income b. a tax on a good with many substitutes Exam 1: Consumer Theory Microeconomic Theo ECON2316 | 2022 c. an equal tax per-unit on all goods d. a tax on a good with only a few substitutes
The tax that reduces utility the least according to the lump sum principle is an equal tax per-unit on all goods. This type of tax generates revenue for the government without distorting market prices or consumer behavior.
The lump sum principle suggests that the tax that reduces utility the least is an equal tax per-unit on all goods. A lump sum tax is a fixed amount of tax that is paid by all taxpayers regardless of their income, wealth, or any other variable that may affect their ability to pay. It is not based on the value of any good or service consumed, and it is not affected by the quantity of goods and services that are consumed.
This type of tax can be used to generate revenue for the government without distorting market prices or consumer behavior.A tax on income or a tax on a good with many substitutes may affect consumer behavior and distort market prices. A tax on a good with only a few substitutes may also affect consumer behavior and lead to higher prices for that good. An equal tax per-unit on all goods, however, does not discriminate against any particular good or service and does not affect consumer behavior in any significant way.
Therefore, it reduces utility the least out of all the options given. The lump sum principle is an important concept in public finance and is used to design tax systems that are efficient, equitable, and easy to administer. In conclusion, the tax that reduces utility the least according to the lump sum principle is an equal tax per-unit on all goods. This type of tax generates revenue for the government without distorting market prices or consumer behavior.
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which of the following is not an advantage of using a logical model a. the logical model helps the analyst understand the business being studied. b. it facilitates communication with the users. c. a system based on a logical model is more stable. d. a logical model clarifies which processes are automated
The incorrect option is "c. a system based on a logical model is more stable." A logical model clarifies which processes are automated is not advantage of using a logical model.
A logical model is a representation of an organization's or company's core business activities that reflects the organization's structure, operations, and data elements and relationships. It outlines the flow of data and business procedures, as well as the interactions between them.
Logical modeling is used to describe what activities are needed to perform a business function, who participates in each activity, and what data flows among the activities. Logical modeling is used by business analysts to study how an organization works and to create a framework for developing software applications.
Logical modeling is beneficial to organizations for the following reasons: It aids in the comprehension of the business being investigated. It facilitates communication with stakeholders. The logical model is the starting point for physical design. The logical model gives a high-level picture of the system, making it more stable. Thus, the incorrect option is "c. a system based on a logical model is more stable."
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Nesmith Corporation's outstanding bonds have a \( \$ 1,000 \) par value, a \( 10 \% \) semiannusl coupon, 12 years to maturity, and a \( 12 \% \) YTM, What is the bond's price? Round your ansiner to t
The price of a bond can be calculated using the present value formula. In this case, the bond has a $1,000 par value, a 10% semiannual coupon, 12 years to maturity, and a 12% yield to maturity (YTM).
Step 1: Calculate the semiannual coupon payment.
The coupon payment is 10% of the par value, which is $1,000. Therefore, the semiannual coupon payment is $100 (10% of $1,000).
Step 2: Calculate the number of periods.
Since the bond has 12 years to maturity and semiannual coupon payments, the total number of periods is 24 (12 years x 2 periods per year).
Step 3: Determine the yield to maturity per period.
The yield to maturity is given as 12%, which is the annual yield. To calculate the yield to maturity per period, we divide it by 2 (since there are 2 periods per year). Therefore, the yield to maturity per period is 6% (12% divided by 2).
Step 4: Calculate the present value of each coupon payment.
To calculate the present value of each coupon payment, we need to discount it back to the present using the yield to maturity per period. Since the coupon payments are semiannual, we use the semiannual yield to maturity.
Using the present value of an ordinary annuity formula:
PV = C * (1 - (1 + r)^(-n)) / r
Where:
PV = Present value of the coupon payment
C = Coupon payment
r = Yield to maturity per period
n = Number of periods
PV = $100 * (1 - (1 + 0.06)^(-24)) / 0.06
Step 5: Calculate the present value of the bond's face value.
The present value of the bond's face value at maturity is simply the par value, since it will be received in the last period.
PV = $1,000 / (1 + 0.06)^24
Step 6: Calculate the bond's price.
To calculate the bond's price, we sum the present values of the coupon payments and the face value.
Bond Price = Present value of coupon payments + Present value of face value
Bond Price = PV of each coupon payment * Number of periods + PV of face value
Bond Price = $100 * ((1 - (1 + 0.06)^(-24)) / 0.06) * 24 + ($1,000 / (1 + 0.06)^24)
Using the given values, we can calculate the bond's price. However, please note that this calculation involves complex formulas and is best done using financial calculators or software.
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The bond's price is $1,050.42. To calculate the bond's price, we can use the present value formula for bonds. The formula is:
P=C(1+r)n+C(1+r)n−1+…+C(1+r)2+C(1+r)1+F(1+r)nP=(1+r)nC+(1+r)n−1C+…+(1+r)2C+(1+r)1C+(1+r)nF
Where: PP is the bond's price or present value.
CC is the coupon payment (semiannual coupon payment = 0.10×$1,00020.10×2$1,000
since the coupon is semiannual).rr is the yield to maturity (YTM) per semiannual period (0.12 divided by 2).nn is the total number of semiannual periods until maturity (12 years to maturity, so 12 x 2).
Let's calculate the bond's price:
C=0.10×$1,0002=$50
C=0.10×2$1,000=$50
r=0.122=0.06
r=20.12=0.06
n=12×2=24
n=12×2=24
Now, plug the values into the formula:
P=$50(1+0.06)1+$50(1+0.06)2+…+$50(1+0.06)23+$50+$1,000(1+0.06)24
P=(1+0.06)1$50+(1+0.06)2$50+…+(1+0.06)23$50+(1+0.06)24$50+$1,000
Calculate the sum using a financial calculator or spreadsheet software:
P≈$501.061+501.062+…+501.0623+10501.0624
P=$501.06+501.1236+…+502.1902+10500.0563
P=$1.06150+1.06250+…+1.062350+1.06241050
P=$1.0650+1.123650+…+2.190250+0.05631050
P≈$47.17+$44.52+…+$22.80+$963.93
P≈$47.17+$44.52+…+$22.80+$963.93
P≈$1,050.42
P≈$1,050.42
The bond's price is approximately $1,050.42.
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Consider the Managing Director (MD) of a firm that produces a differentiated product which faces little competition from a few close substitute products. Recently, the Managing Director has been informed by government officials that a specific (per unit) tax will be levied on the firm’s product in the new financial year that is still 6 months away. The Managing Director during a consultation with you, his economic advisor, states that because the firm produces a product with few close substitutes it is a price-setter and thus will be able to pass on to its customers the full amount of the tax. He asks you to confirm whether his thinking on this matter is correct. Explain what you will tell the Managing Director.
As the economic advisor to the Managing Director (MD) of the firm, you will need to explain the concept of price-setting and the implications of the tax on the firm's ability to pass on the cost to its customers.
1. Begin by explaining the concept of price-setting.
- Price-setters are firms that have the ability to influence the price of their product in the market.
- This occurs when a firm's product has few close substitutes and faces little competition.
- As a price-setter, the firm has more control over the price it charges for its product.
2. Discuss the impact of the specific tax on the firm.
- The tax imposed by the government will increase the production cost for the firm per unit of its product.
- The MD's assumption that the firm can pass on the full amount of the tax to its customers is not entirely correct.
3. Explain the factors that determine the ability to pass on the tax to customers.
- The elasticity of demand for the firm's product plays a crucial role.
- Elastic demand means that a change in price will lead to a significant change in the quantity demanded.
- In this case, if the demand for the firm's product is elastic, passing on the full tax to customers may result in a significant decrease in sales volume.
4. Illustrate the concept with an example.
- Suppose the firm produces a luxury product with few close substitutes, such as a high-end smartphone.
- If the tax is imposed on each smartphone, the firm may try to pass on the tax to customers by increasing the price of the smartphone by the same amount.
- However, if the demand for high-end smartphones is elastic, consumers may respond to the price increase by switching to cheaper alternatives or delaying their purchase, leading to a decrease in sales volume.
5. Provide alternative strategies for the MD to consider.
- Instead of passing on the full tax burden to customers, the firm could absorb some of the cost by reducing its profit margin.
- The firm could also explore cost-saving measures, such as improving production efficiency or negotiating with suppliers for better prices.
- The MD should carefully consider the elasticity of demand and the potential impact on sales volume when deciding on the pricing strategy.
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BE6.1 (0.1) Determine the missing amounts:
Unit Selling Price
1. $640
2. $300
Unit Variable Costs
$352
(c)
(a)
$93
(d)
3-(e)
(1)
$325
(b)
25%
Prepare CVP income statement.
Contribution Contribution
Margin per Unit Margin Ratio:
The contribution margin per unit of the product 1 is $288 and product 2 is $207.The contribution margin ratio of product 1 is 0.45 or 45% and of product 2 is 0.69 or 69%.
The CVP income statement provides the figures of the net income by comparing the sales of the company to the variable and fixed costs incurred in producing and selling the product.
We can compute the contribution margin, contribution margin ratio, and net income using the below formulae:
Contribution margin per unit = Selling price per unit – Variable cost per unit
Contribution margin ratio = Contribution margin per unit / Selling price per unit
Net income = (Sales – Variable costs) – Fixed costs
The unit selling price of the product is $640 and $300 respectively.
The unit variable costs are $352 and $93 respectively.
Now, we can calculate the contribution margin per unit for both of the products below:
Contribution margin per unit of product 1 = Selling price per unit of product 1 - Variable cost per unit of product 1
= $640 - $352 = $288
Contribution margin per unit of product 2 = Selling price per unit of product 2 - Variable cost per unit of product 2
= $300 - $93 = $207
We can also calculate the contribution margin ratio for both of the products as follows:
Contribution margin ratio of product 1 = Contribution margin per unit of product 1 / Selling price per unit of product 1
= $288 / $640 = 0.45 or 45%
Contribution margin ratio of product 2 = Contribution margin per unit of product 2 / Selling price per unit of product 2
= $207 / $300 = 0.69 or 69%
The missing amount (a) can be calculated using the following formula:
Contribution margin per unit = Selling price per unit - Variable cost per unit = Selling price per unit - $93
Selling price per unit = $325 + $93 = $418
The missing amount (c) can be calculated using the following formula:
Contribution margin ratio = Contribution margin per unit / Selling price per unit0.25 =
$x / $418x = 0.25 * $418 = $104.50
The CVP income statement for the company is given below:
Sales revenue (640 x q1 + 300 x q2) $640q1 + $300q2
Variable costs ($352 x q1 + $93 x q2) $352q1 + $93q2
Contribution margin ($288 x q1 + $207 x q2) $288q1 + $207q2
Fixed costs $50,000Net income ($288q1 + $207q2) - $50,000
Therefore, the contribution margin per unit of the product 1 is $288 and product 2 is $207.
The contribution margin ratio of product 1 is 0.45 or 45% and of product 2 is 0.69 or 69%.
The selling price per unit of product 3 is $418.
The contribution margin ratio of product 4 is 25% or $104.50.
The CVP income statement for the company is given as:
Sales revenue (640 x q1 + 300 x q2) $640q1 + $300q2
Variable costs ($352 x q1 + $93 x q2) $352q1 + $93q2
Contribution margin ($288 x q1 + $207 x q2) $288q1 + $207q2
Fixed costs $50,000
Net income ($288q1 + $207q2) - $50,000.
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Alfredo Company purchased a new 3-D printer for $881,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $20,000.
Calculate depreciation using the straight-line method.
$
Alfredo Company purchased a new 3-D printer for $881,000. They plan to replace the printer in three years and estimate its resale value at $20,000. We need to calculate the depreciation using the straight-line method.
The straight-line method calculates depreciation by evenly distributing the cost of an asset over its useful life. To find the annual depreciation expense, we subtract the expected salvage value (resale value) from the initial cost and divide it by the useful life of the asset.
In this case, the initial cost of the 3-D printer is $881,000, and the expected salvage value after three years is $20,000. The useful life of the printer is ten years.
To calculate the annual depreciation expense, we use the following formula:
Depreciation Expense = (Initial Cost - Salvage Value) / Useful Life
Depreciation Expense = ($881,000 - $20,000) / 10
Depreciation Expense = $861,000 / 10
Depreciation Expense = $86,100 per year
Using the straight-line method, the annual depreciation expense for the 3-D printer is $86,100. This means that Alfredo Company can record $86,100 as an expense each year for the next ten years, which will reflect the decreasing value of the printer over its useful life.
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