In a long-run equilibrium, the aggregate demand (AD) curve intersects with both the short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves. This indicates that the economy is producing at its potential output and the price level is stable.
When a stock market crash causes AD to fall, the AD curve shifts to the left. On the graph, this means that the new AD curve intersects the SRAS curve at a lower level of output and a lower price level. In the short run, this leads to a decrease in output and a decrease in the price level.
Due to the decrease in output, there is likely an increase in unemployment. This is because firms reduce their production and need fewer workers, resulting in job losses.
To restore the economy to its natural rate, specific fiscal policy actions can be taken. For example:
1. Expansionary fiscal policy: This involves increasing government spending or reducing taxes to boost AD. This would shift the AD curve back to the right, increasing output and reducing unemployment.
2. Monetary policy: The central bank can lower interest rates to stimulate borrowing and investment, thereby increasing AD.
3. Automatic stabilizers: These are built-in features of the economy that automatically stabilize output. For example, unemployment benefits can provide income support to those who have lost their jobs, reducing the impact on the unemployment rate.
It is important to note that these are just a few examples of fiscal policy actions that could be taken to restore the economy to its natural rate. The specific actions chosen would depend on the specific circumstances and policy goals.
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The economy in a long-run equilibrium is represented by the intersection of the aggregate demand (AD) curve, short-run aggregate supply (SRAS) curve, and long-run aggregate supply (LRAS) curve on a graph. In this state, the economy is operating at its potential output, and the price level is stable.
To illustrate this on a graph, you would draw the AD curve intersecting the SRAS and LRAS curves at a point where they all meet. The intersection represents the equilibrium level of output and the price level.
When a stock market crash causes aggregate demand to fall, the AD curve shifts to the left. This means that at the existing price level, the total quantity of goods and services demanded decreases. On the graph, you would show this by shifting the AD curve to the left.
In the short run, this decrease in aggregate demand leads to a decrease in output and a decrease in the price level. The decrease in output occurs because firms reduce their production in response to the lower demand for goods and services. The decrease in the price level occurs because there is less demand for goods and services, leading to lower prices.
As for the unemployment rate, it tends to increase in the short run due to the decrease in output. When firms reduce their production, they may lay off workers, leading to higher unemployment.
To restore the economy to its natural rate, specific fiscal policy actions can be taken. These actions include government spending increases or tax cuts, which aim to stimulate aggregate demand and increase economic activity. By implementing expansionary fiscal policy, the government can increase its own spending or reduce taxes to encourage households and businesses to spend more, thereby boosting aggregate demand. This can help restore the economy to its natural rate over time.
In summary, a stock market crash causing a decrease in aggregate demand leads to a decrease in output and the price level in the short run.
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It is now February 15, 2021. LensCo and SFI are still in the process of integrating their financial reporting systems. While LensCo has established financial reporting processes and systems controls i
It is now February 15, 2021. LensCo and SFI are still in the process of integrating their financial reporting systems. While LensCo has established financial reporting processes and systems controls in place, they are now encountering issues with SFI’s reporting processes.
The SFI team has discovered that some of the content loaded in the past several months may not have been properly recorded. To ensure that the financial reports are accurate and compliant, LensCo has engaged a forensic accounting team to perform a review of SFI’s content loaded during the integration period. The given statement emphasizes that even if LensCo has established financial reporting processes and systems controls in place, there are still issues that they are encountering with SFI's reporting processes. They also mentioned that SFI's team has discovered that some of their content loaded in the past several months may not have been properly recorded.
Therefore, to ensure the accuracy and compliance of financial reports, LensCo has engaged a forensic accounting team to perform a review of SFI’s content loaded during the integration period.
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reyumeu minimativi The following information applies to the questions displayed below.] The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot includes direct materials, direct labor, and manufacturing (factory) overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. The company budgeted $11,440 variable factory overhead cost, $92,400 for fixed factory overhead cost and 2,200 direct labor hours (its practical capacity) to manufacture 4,400 pairs of boots in March. The factory used 3,300 direct labor hours in March to manufacture 4,200 pairs of boots and spent $16,400 on variable overhead during the month. The actual fixed overhead cost incurred for the month was $95,000. Required: 1. Compute the factory overhead flexible-budget variance, the factory overhead spending variance, and the efficiency variance for variable factory overhead for March and state whether each variance is favorable (F) or unfavorable (U). 2. Provide the appropriate journal entry to record the vanable overhead spending variance and a second entry to record the variable overhead efficiency variance for March. Assume that the company uses a single account, Factory Overhead, to record overhead cost Complete this question by entering your answers in the tabs below. Compute the factory overhead flexible-budget variance, the factory overhead spending variance, and the efficiency variance for variable factory overhead for March and state whethar aach wariance is favorable (i) or unfavorable (U).
- The factory overhead flexible-budget variance for variable factory overhead in March is $1,760 U.
- The factory overhead spending variance for variable factory overhead in March is $240 U.
- The efficiency variance for variable factory overhead in March is $800 F.
1. To compute the factory overhead flexible-budget variance, subtract the flexible-budget cost from the actual cost. In this case, the flexible-budget cost is $14,160 (2,200 direct labor hours x $5.60 per direct labor hour) and the actual cost is $15,920 ($16,400 variable overhead - $480 spending variance). The difference is $1,760 U.
2. To compute the factory overhead spending variance, subtract the budgeted cost from the actual cost. The budgeted cost is $11,440 and the actual cost is $15,920. The difference is $240 U.
3. To compute the efficiency variance, multiply the standard rate per hour by the difference between the actual labor hours and the standard hours allowed for the output. The standard rate per hour is $5.60 and the difference between actual labor hours (3,300) and standard hours (2,200) is 1,100. The product is $800 F.
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a 523 μf capacitor is discharged through a resistor, whereby its potential difference decreases from its initial value of 80.7 v to 26.9 v in 4.63 s. find the resistance of the resistor in kilohms.
The resistance of the resistor is approximately 120 kilohms.
Given data:
Capacitance (C) = 523 μ,FInitial voltage[tex](V₁) = 80.7 V,Final voltage (V₂) = 26.9 V,Time (t) = 4.63 s[/tex]
Let's use the formula for calculating the discharge of a capacitor through a resistor:
[tex]V = V₀e^(-t/RC)[/tex]
Where, V₀ is the initial voltage, V is the final voltage after time t, R is the resistance, C is the capacitance.
Using this formula, we can write:
[tex]V/V₀ = e^(-t/RC)[/tex]
Taking the natural log (ln) of both sides, we get:
[tex]ln(V/V₀) = -t/RC[/tex]
Rearranging the above equation, we get:
[tex]R = -t/(C ln(V/V₀))[/tex]
Substituting the given values in the above equation, we get:
[tex]R = -(4.63 s) / (523 × 10^-6 F × ln(26.9 V / 80.7 V))≈ 120 kΩ[/tex]
Therefore, the resistance of the resistor is approximately 120 kilohms.
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Straight bank loan. Right Bank offers EAR loans of 8.81% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a) $250,000 for 7 years, (b) $445,000 for 13 years, or (c) $1,100,000 for 29 years? What is the APR for these monthly loans? % (Round to three decimal places.)
To calculate the APR (Annual Percentage Rate) for the monthly loans offered by Right Bank, we need to convert the EAR (Effective Annual Rate) to APR.
The formula to convert from EAR to APR is as follows:
APR = (1 + r/n)^n - 1
Where:
r is the EAR as a decimal (in this case, 8.81% = 0.0881)
n is the number of compounding periods per year (since it's a monthly payment, n would be 12)
Let's calculate the APR:
APR = (1 + 0.0881/12)^12 - 1
APR ≈ 0.0917 or 9.17%
So, the APR for the monthly loans offered by Right Bank is approximately 9.17%.
Now, let's calculate the monthly payments for each loan amount:
(a) $250,000 for 7 years:
Using the formula for a loan payment:
P = (r * PV) / (1 - (1 + r)^(-n))
Where:
P is the monthly payment
r is the monthly interest rate (APR divided by 12)
PV is the loan amount (present value)
n is the number of monthly payments (7 years * 12 months per year)
r = 9.17% / 12 = 0.7642% = 0.007642 (as a decimal)
n = 7 * 12 = 84
P = (0.007642 * 250,000) / (1 - (1 + 0.007642)^(-84))
P ≈ $3,582.59
The monthly payment for a loan of $250,000 for 7 years would be approximately $3,582.59.
(b) $445,000 for 13 years:
Using the same formula:
r = 0.007642
n = 13 * 12 = 156
P = (0.007642 * 445,000) / (1 - (1 + 0.007642)^(-156))
P ≈ $4,870.96
The monthly payment for a loan of $445,000 for 13 years would be approximately $4,870.96.
(c) $1,100,000 for 29 years:
Using the same formula:
r = 0.007642
n = 29 * 12 = 348
P = (0.007642 * 1,100,000) / (1 - (1 + 0.007642)^(-348))
P ≈ $7,715.23
The monthly payment for a loan of $1,100,000 for 29 years would be approximately $7,715.23.
Therefore, the monthly payments for the three loan amounts are:
(a) $3,582.59
(b) $4,870.96
(c) $7,715.23
And the APR for the monthly loans is approximately 9.17%.
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Please fill out this map for provinces and capitals
2 8 PROVINCE/TERRITORY British Columbia 6 Map of Canada 3 5 CAPITAL 7 PROVINCE/TERRITORY Ontario 11 10 12 CAPITAL
That the map includes 13 provinces/territories in Canada, each with its own capital city. Here is the filled-out map for provinces and capitals of Canada:
10 PROVINCE/TERRITORY Ontario
CAPITAL Toronto
12 PROVINCE/TERRITORY Quebec
CAPITAL Quebec City
6 PROVINCE/TERRITORY New Brunswick
CAPITAL Fredericton
1 PROVINCE/TERRITORY Nova Scotia
CAPITAL Halifax
9 PROVINCE/TERRITORY Prince Edward Island
CAPITAL Charlottetown
15 PROVINCE/TERRITORY Nunavut
CAPITAL Iqaluit
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Juniper Corporation is considering two alternative investment proposals with the following data: Investment Useful life Estimated annual net cash inflows for 10 years Residual value Proposal X $880,00
The Net present value of Proposal X is $582,971.11.
The solution to the given problem is provided below:
The net present value (NPV) is a valuation process used to calculate the profitability of a project or investment by discounting its expected cash flows back to the present period.
The discount rate is a cost of capital that is used to calculate the NPV.
The formula for the net present value (NPV) is given by:
NPV = PV (Expected Cash Flows) – Initial Investment
Thus, the calculation of NPV for Proposal X is as follows:
As per the information given:
Initial Investment = $880,000
Useful Life = 10 years
Residual Value = $100,000
Annual Net Cash Inflows = $195,000
The cash inflows for 10 years is $195,000.
Hence, the total cash inflow for 10 years will be $1,950,000.
Residual value = $100,000.
Now, calculation of present value of cash inflows using formula,
PV = FV/(1 + r)n,
Where, FV = Future Value
r = discount rate (i.e. cost of capital)
n = time period.
Using the above formula, the present value of cash inflows is calculated as:
PV of Cash Inflows = $1,399,325.47
The present value of residual value is given as,
Present value of residual value = $62,645.64
The net present value of Proposal X is calculated as follows:
NPV = PV (Expected Cash Flows) – Initial Investment
NPV = $1,399,325.47 + $62,645.64 - $880,000
NPV = $582,971.11
Hence, the Net present value of Proposal X is $582,971.11.
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Required information [The foilowing information appies to the questionts dispidyed beiow] Green Brands, Inc. (GBl) presents its statement of cash flows using the indirect method. The fallowing account
The net cash provided by operating activities was [tex]$175,000[/tex], the net cash used in investing activities was [tex]$500,000[/tex], and the net cash used in financing activities was [tex]$75,000[/tex]. The ending cash balance was [tex]$400,000[/tex].
Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The following accounts are found on GBI’s balance sheet at December 31, 2018. Required information GBI recorded depreciation expense of [tex]$250,000[/tex] and a loss on the sale of land of [tex]$40,000[/tex] during the year ended December 31, 2018. GBI paid [tex]$75,000[/tex] of dividends during the year.
The net decrease in cash was[tex]$400,000[/tex], and the ending cash balance was [tex]$400,000[/tex].In summary, Green Brands, Inc. experienced a net decrease in cash balance of [tex]$400,000[/tex] for the year ending December 31, 2018. The net cash provided by operating activities was [tex]$175,000[/tex], the net cash used in investing activities was [tex]$500,000[/tex], and the net cash used in financing activities was [tex]$75,000[/tex]. The ending cash balance was[tex]$400,000.[/tex]
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Net
Pay
Employee net pay Lindsey Vater's weekly gross earnings for the week ended March 9 were $1,200, and her federal income tax withholding was $193.44. Assuming the social security tax rate is 6% and Medic
Lindsey Vater's net pay refers to the amount of money she takes home after deductions from her gross earnings. To calculate her net pay, we need to consider federal income tax withholding, social security tax, and Medicare tax.
Lindsey Vater's net pay for the week ended March 9 can be calculated by subtracting the federal income tax withholding, social security tax, and Medicare tax from her gross earnings.
To calculate the net pay, we need to consider the following deductions:
1. Federal income tax withholding: This is the amount withheld from Lindsey Vater's gross earnings to cover her federal income tax liability.
2. Social security tax: This is a percentage of her gross earnings withheld to fund the Social Security program. The tax rate is 6% of the gross earnings, but there is a wage base limit that may affect the calculation.
3. Medicare tax: This is a percentage of her gross earnings withheld to fund the Medicare program. The tax rate is 1.45% of the gross earnings.
By subtracting these deductions from her gross earnings, we can determine Lindsey Vater's net pay.
To calculate Lindsey Vater's net pay for the week ended March 9, we need to subtract her federal income tax withholding, social security tax, and Medicare tax from her gross earnings. This will provide the amount she takes home after all deductions.
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on june 30, 2024, k company had outstanding 8%, $12,500,000 face value bonds maturing on june 30, 2029. interest is payable semiannually every june 30 and december 31. on june 30, 2024, after amortization was recorded for the period, the unamortized bond premium was $52,000. on that date, k acquired all its outstanding bonds on the open market at 99 and retired them. on june 30, 2024, what amount should k company recognize as gain on redemption of bonds before income taxes?
To calculate the gain on redemption of bonds before income taxes, we need to determine the carrying amount of the bonds and compare it to the amount paid to retire them. the K Company should recognize a loss of $73,000 on the redemption of bonds before income taxes.
Given information:
- Face value of the bonds: $12,500,000
- Unamortized bond premium on June 30, 2024: $52,000
- Bonds acquired on June 30, 2024, at 99 (99% of face value)
1. Calculate the carrying amount of the bonds:
Carrying amount = Face value - Unamortized bond premium
Carrying amount = $12,500,000 - $52,000
Carrying amount = $12,448,000
2. Calculate the amount paid to retire the bonds:
Amount paid = Face value x Purchase price
Amount paid = $12,500,000 x 0.99
Amount paid = $12,375,000
3. Calculate the gain on redemption of bonds before income taxes:
Gain on redemption = Amount paid - Carrying amount
Gain on redemption = $12,375,000 - $12,448,000
Gain on redemption = -$73,000
The negative value indicates a loss on redemption rather than a gain. Therefore, the K Company should recognize a loss of $73,000 on the redemption of bonds before income taxes.
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4. What kind of cost will not be changed on the increase in production quantity? a. Fixed cost b. Direct cost c. Indirect cost d. Overhead
There are various kinds of costs that need to be taken into account when a company plans to increase production. Among these, fixed costs will not change with an increase in production quantity. So option a is the correct one.
Fixed costs are expenses that are independent of the volume of goods or services produced. These are costs that a business incurs regardless of its production volume. Fixed costs include expenses like rent, salaries of employees, and insurance premiums that are not affected by the amount of production. They remain constant in the short run and cannot be influenced by the level of output. In contrast, direct and indirect costs increase with an increase in production quantity.
Direct costs are expenses that are directly related to the production of goods or services. Examples include raw materials, labor costs, and machinery maintenance costs. Indirect costs are those that are not directly related to production but are necessary for the business to function. These costs include rent, utilities, and marketing costs.
Overhead is another type of cost that may increase or decrease depending on the production volume. Overhead costs are indirect costs that are necessary for the operation of a business. Examples include rent, utilities, and taxes. These costs are different from direct costs in that they cannot be traced back to a particular product or service. They are incurred regardless of the level of production.
To summarize, fixed costs will not change with an increase in production quantity. Direct and indirect costs, on the other hand, will increase with an increase in production. Overhead costs may increase or decrease depending on the production volume.
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The Millicent Trust reports 2020 gross rent income of $200,000, expenses attributable to the rents of $110,200 and tax-exempt interest from state bonds of $10,000. Under the trust agreement, the trust
The answer is, the taxable income of The Millicent Trust in 2020 is $79,800.
How to find?Under the trust agreement, the trust. The gross income of the trust is $200,000
Expenses attributable to rents = $110,200
Tax-exempt interest from state bonds = $10,000
Calculation of taxable income of the trust= Gross Income - Deductions
Gross Income = $200,000
Deductions = $110,200 + $10,000
= $120,200
Taxable Income = $200,000 - $120,200
= $79,800.
So, the taxable income of The Millicent Trust in 2020 is $79,800.
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Travel restrictions, notably cross-border regulation, social distancing requirements and quarantine rules, have significantly reduced the number of international commercial flights operate from and to Hong Kong during the global pandemic. As a student intern of a consultancy firm, you were assigned to prepare a demand-and-supply analysis of commercial flight service in Hong Kong. After investigation, the following TWO pieces of information extracts were collected for the analysis. Information extract 2 Greater Bay Airlines set to launch first scheduled service next month By Laura Westbrook, SCMP, 15 June 2022 Hong Kong-based carrier Greater Bay Airlines is set to launch its first scheduled commercial flight... in the same month as July 1 celebrations in Hong Kong marking the 25
5
th
anniversary of the city's return to Chinese rule.... While international travel is recovering around the world, with some European and North American carriers struggling to keep pace with pent-up demand, the airline planned to operate flights first to popular holiday destinations for Hongkongers, such as Bangkok, then Kuala Lumpur in Malaysia, Japan and Korea, before looking at the mainland.... it would stick to leasing three Boeing 737 this year, and only consider adding another plane or two if the situation improved. (Source: www.scmp.com/news/hong-kong/hong-kong-economy/article/3181726/hong-kongs-greater-bay-airlineslaunch-first) (a) Consider the information extract 1 only, use 1 sentence to summarize the key information before introducing the factor affecting the market for commercial flight service in Hong Kong. Use demand-and-supply analysis to explain the effect on the equilibrium price and equilibrium quantity of commercial flight service in Hong Kong. No demand-and-supply diagram is required but you need to describe how the curve(s) shift(s) in your written explanation. (7 marks) (b) Consider the information extract 2 only, use 1 sentence to summarize the key information before introducing the factor affecting the market for commercial flight service in Hong Kong. Use a demand-and-supply analysis to explain the effect on the equilibrium price and equilibrium quantity of commercial flight service in Hong Kong. No demand-and-supply diagram is required but you need to describe how the curve(s) shift(s) in your written explanation. (7 marks) (c) Considering all effects identified in your answer of part (a) and (b), what are the combined effect on the equilibrium price and equilibrium quantity of commercial flight service in Hong Kong? Your analysis shows that there is an increase in ticket price of commercial flight service in Hong Kong. How could this observation be possible? Explain with a demand-and-supply diagram.
(a) The key information from information extract 1 is that travel restrictions, social distancing requirements, and quarantine rules have significantly reduced the number of international commercial flights operating from and to Hong Kong during the global pandemic.
These factors have affected the market for commercial flight service in Hong Kong by reducing both the demand and supply of flights. The decrease in demand is due to travel restrictions and reduced consumer confidence in traveling, while the decrease in supply is due to airlines reducing their flight schedules and operations.
This leads to a decrease in both the equilibrium price and equilibrium quantity of commercial flight service in Hong Kong. The demand curve shifts to the left, indicating a decrease in demand, while the supply curve also shifts to the left, indicating a decrease in supply. As a result, the equilibrium price decreases and the equilibrium quantity of flights also decreases.
(b) The key information from information extract 2 is that Greater Bay Airlines is set to launch its first scheduled commercial flight in Hong Kong, with plans to operate flights to popular holiday destinations for Hongkongers. This factor affects the market for commercial flight service in Hong Kong by increasing the supply of flights. The entry of a new airline increases competition in the market, leading to more options for consumers and potentially lower prices. The supply curve shifts to the right, indicating an increase in supply. As a result, the equilibrium price decreases and the equilibrium quantity of flights increases.
(c) Considering the effects identified in parts (a) and (b), the combined effect on the equilibrium price and equilibrium quantity of commercial flight service in Hong Kong depends on the magnitude of the shifts in the demand and supply curves. If the decrease in demand due to travel restrictions and reduced consumer confidence outweighs the increase in supply due to the entry of Greater Bay Airlines, the equilibrium price would increase and the equilibrium quantity would decrease. However, if the increase in supply outweighs the decrease in demand, the equilibrium price would decrease and the equilibrium quantity would increase.
The observation of an increase in ticket prices of commercial flight service in Hong Kong could be possible if the decrease in demand is larger than the increase in supply, resulting in a decrease in the equilibrium quantity and an increase in the equilibrium price. A demand-and-supply diagram would illustrate this by showing a leftward shift in the demand curve and a smaller rightward shift in the supply curve, leading to a higher equilibrium price.
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(a) The key information from information extract 1 is that travel restrictions and quarantine rules have significantly reduced the number of international commercial flights operating from and to Hong Kong during the global pandemic.
This factor affects the market for commercial flight services in Hong Kong by shifting both the demand and supply curves to the left.
The decrease in demand is due to fewer people traveling, while the decrease in supply is due to airlines reducing their flight schedules.
This leads to a decrease in the equilibrium price and quantity of commercial flight service in Hong Kong.
(b) The key information from information extract 2 is that Greater Bay Airlines is set to launch its first scheduled commercial flight in the same month as July 1 celebrations in Hong Kong.
This factor affects the market for commercial flight service in Hong Kong by increasing the supply of flights.
As a result, the supply curve shifts to the right. However, the demand curve may also shift to the right due to pent-up demand for international travel.
The combined effect on the equilibrium price and quantity of commercial flight service in Hong Kong will depend on the magnitude of the shifts in the demand and supply curves.
(c) Considering the effects identified in parts (a) and (b), the combined effect on the equilibrium price and quantity of commercial flight service in Hong Kong is uncertain. If the increase in supply from Greater Bay Airlines outweighs the decrease in demand from travel restrictions, the equilibrium price may decrease and the equilibrium quantity may increase.
However, if the decrease in demand is greater than the increase in supply, the equilibrium price may increase and the equilibrium quantity may decrease.
The observation of an increase in ticket price of commercial flight service in Hong Kong could be possible if the decrease in demand is greater than the increase in supply.
This would result in a shortage in the market, where the quantity demanded exceeds the quantity supplied at the initial equilibrium price.
The shortage would lead to an increase in ticket prices as airlines try to maximize their profits.
To illustrate this concept, a demand-and-supply diagram can be used. When the demand curve shifts to the left due to travel restrictions, the equilibrium price decreases and the equilibrium quantity decreases.
However, if the supply curve shifts to the right due to the entry of Greater Bay Airlines, the equilibrium price may decrease further, but the effect on the equilibrium quantity will depend on the magnitude of the shifts in the demand and supply curves.
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30) which of the following is a benefit to investing in a mutual fund?a) most small investors don't have the time, knowledge or desire to do the research necessaryto purchase individual stocks.b) mutual fund transaction fees are considerably lower than the brokerage fees most smallinvestors incur buying and selling individual stocks.c) most small investors want to be able to invest relatively small amounts of money on aregular basis.d) all of the above are correct.e) only a and b are correct.
Investing in a mutual fund provides several benefits to small investors:
The correct answer is (d) all of the above are correct.
a) Most small investors don't have the time, knowledge, or desire to do the research necessary to purchase individual stocks. Mutual funds offer a convenient option as they are managed by professionals who conduct research and make investment decisions on behalf of the investors.
b) Mutual fund transaction fees are generally lower than the brokerage fees most small investors incur when buying and selling individual stocks. This makes mutual funds a cost-effective option for small investors.
c) Mutual funds allow small investors to invest relatively small amounts of money on a regular basis. They often have low minimum investment requirements and offer systematic investment plans, allowing investors to contribute regularly over time.
Therefore, all of the given options (a, b, and c) are correct as they represent the benefits of investing in a mutual fund.
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Question 72.5 pts
Molly is a full-time engineer for Y-Corporation. On the
weekends, Molly enters fishing competitions in order to earn cash
prizes. Molly really enjoys the relaxation of fishing and be
Molly is a full-time engineer for Y-Corporation. On the weekends, she enters fishing competitions to earn cash prizes. She enjoys the relaxation of fishing and being in nature.
However, Molly has concerns about the impact that fishing has on the environment and the fish populations. Fishing competitions are an enjoyable way for individuals to make money while also enjoying the relaxing outdoor environment.
However, they may also have negative environmental impacts. Overfishing is a significant issue in many areas, with fish populations declining as a result. As a result, several fishing competitions now promote catch-and-release, which encourages anglers.
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You manage an equity fund with an expected risk premium of 11.4% and a standard deviation of 28%. The rate on Treasury bills is 5.2%. Your client chooses to invest $50,000 of her portfolio in your equity fund and $150,000 in a T-bill money market fund. What is the expected return and standard deviation of return on your client
The expected return on the client's portfolio is $13,500 and the standard deviation of return is approximately 116.6. To find the overall expected return on the client's portfolio, we add the expected returns of the equity fund and the money market fund.
Therefore, the expected return on the client's portfolio is $5,700 + $7,800 = $13,500.
The standard deviation of return on the client's portfolio can be calculated by considering the weighted average of the standard deviations of the equity fund and the money market fund. To calculate the weighted average, we square the standard deviations of each investment, multiply them by the respective investment amounts, and then sum them up. Taking the square root of this sum gives us the standard deviation of the client's portfolio.
Let's assume the squared standard deviation of the equity fund is (28%)^2 = 784 and the squared standard deviation of the money market fund is (0%)^2 = 0.
The weighted average standard deviation can be calculated as follows:
[(784 * $50,000) + (0 * $150,000)] / ($50,000 + $150,000) = $13,600
Taking the square root of $13,600 gives us a standard deviation of approximately 116.6.
Therefore, the expected return on the client's portfolio is $13,500 and the standard deviation of return is approximately 116.6.
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The Blue Sky Skl Resort plans fo instafl a new chair iff. Construction is nstimated to requie an immediate outfay of \( \$ 250.000 \). The life of the if is astimated to be Efteen years with a salvage
The Blue Sky Ski Resort plans to install a new chair lift. The construction is estimated to require an immediate outlay of $250,000. The life of the lift is estimated to be fifteen years with a salvage value of $10,000 after that period.
Straight line depreciation method is the most common and easy depreciation method. It is the simplest way to calculate depreciation. It is calculated by subtracting the salvage value of the asset from the cost of the asset and dividing that figure by the useful life of the asset.
Calculation of Annual Depreciation of the chair lift using Straight line method:
First, we need to calculate the depreciable cost which is equal to the total cost minus the salvage value.
Depreciable cost = Total cost of Asset - Salvage value
Depreciable cost = $250,000 - $10,000 = $240,000
Since the useful life of the asset is 15 years, the annual depreciation is calculated as follows:
Annual depreciation = Depreciable cost / useful life
Annual depreciation = $240,000 / 15 = $16,000
Therefore, the annual depreciation of the chair lift using the straight-line method is $16,000.
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You are a social media administrator at your firm. Your boss
tells you that you need to start a campaign that gets your
company's brand more attention. Describe in detail your goals and
objectives for
The goal of the social media campaign is to increase brand visibility and generate more attention for the company. This will be achieved through strategic planning, engaging content creation, and targeted audience reach.
The primary goal of the social media campaign is to create a significant impact by increasing brand awareness and visibility. This involves implementing strategies that capture the attention of the target audience and resonate with their interests.
By crafting engaging content that aligns with the company's values and offerings, the campaign aims to create a strong brand identity that sticks in the minds of users.
To achieve this, the campaign will focus on expanding the company's online presence across various social media platforms.
This includes increasing the frequency and consistency of posting relevant and valuable content, such as informative articles, visually appealing images or videos, and interactive elements like polls or contests.
By being active on multiple platforms, the campaign can reach a wider audience and attract new followers.
Another objective of the campaign is to drive user engagement and interaction. This involves fostering meaningful conversations with the audience, responding promptly to comments or messages, and encouraging user-generated content.
By creating a sense of community and involving the audience in discussions or activities related to the brand, the campaign aims to build a loyal and enthusiastic customer base.
In summary, the social media campaign's goals and objectives revolve around increasing brand visibility, expanding the company's online presence, and driving user engagement and interaction.
By implementing strategic planning, creating engaging content, and targeting the appropriate audience, the campaign aims to generate more attention for the company's brand, ultimately contributing to its overall growth and success.
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VIP Corporation's first year of operations had the following transactions: 2020 Jan. 15 Issued 2, 8ee common shares to the corporation's promoters in exchange for their efforts in creating it. Their e
VIP Corporation's first year of operations had the following transactions: 2020 Jan. 15 Issued 2, 8ee common shares to the corporation's promoters in exchange for their efforts in creating it. Their efforts were worth [tex]$85,000[/tex], but the corporation received only [tex]$25,000[/tex] for the shares.
The following is the journal entry for the issuance of these shares:
Date Accounts Debit Credit
Jan. 15 Organizational expense 60,000
Share capital—common 20,000
Additional paid-in capital 45,000
Cash 25,000
Organizational expenses include all costs related to creating a corporation, such as legal fees and expenses for obtaining licenses and permits. This is debited to the organizational expense account in the journal entry.
The amount received in excess of the par value ([tex]$10,000[/tex]) is credited to the additional paid-in capital account. Thus, the excess of the amount received over the par value ([tex]$15,000[/tex]) is credited to the additional paid-in capital account.
Finally, cash of [tex]$25,000[/tex] is debited in the journal entry because that was the amount the corporation received for the shares. This journal entry is an example of a journal entry that involves issuing shares for a corporation's initial public offering.
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Nautical Footware inc manufactures women's boating shoes. Manufacturing overhead is assigned to production on a machine-hout basis. For 2019 , it was estimated that manufacturing overhead would total $487,200 and that 33,600 machine hours would be used. Required: a. Calculate the predetermined overhead appication rate that will be used for absorption costing purposes during 2019 . (Round your answer to 2 decimal pleces.) b. During Moy, 5,860 paiss of shoes were made. Raw materials costing $28,468 were used, and direct labor costs totaled $28,800. A total of 2.840 machine hours were worked during the month of May. Calculate the cost per pair of shoes made duing May. (Do not round intermediote calculations. Round your answer to 2 decimal places.) c. At the end of May, 1,578 pairs of shoes were in ending inventory. Calculate the cost of the ending inventory and the cost of the shoes sold duticg May. (Do not round intermediate calculations. Round your onswers to 2 decimal places.)
The cost of the ending inventory is $26,456.06, and the cost of the shoes sold is $68,979.18. Cost of Shoes Sold = Number of Pairs Sold * Cost per Pair = (5,860 pairs - 1,578 pairs) * $16.77 per pair of shoes = $68,979.18
a. Predetermined Overhead Application Rate (POAR) for Nautical Footware, Inc. = Total estimated manufacturing overhead / Total estimated machine hours= $487,200 / 33,600 machine hours = $14.50 per machine hour Therefore, the predetermined overhead application rate for Nautical Footware, Inc. for the year 2019 is $14.50 per machine hour. b. The cost per pair of shoes made in May is calculated below. Direct Material Cost = $28,46 8 Direct Labor Cost = $28,800 Manufacturing Overhead Cost = Predetermined Overhead Application Rate * Actual Machine Hours Used Manufacturing Overhead Cost = $14.50 per machine hour * 2,840 machine hours = $41,180
Total Cost Incurred = $28,468 + $28,800 + $41,180 = $98,448 Cost per Pair of Shoes = Total Cost / Number of Shoes Made = $98,448 / 5,860 pairs = $16.77 per pair of shoes c. The cost of ending inventory and the cost of shoes sold for May are calculated below. Cost of Shoes Sold = Number of Pairs Sold * Cost per Pair = (5,860 pairs - 1,578 pairs) * $16.77 per pair of shoes = $68,979.18Cost of Ending Inventory = Number of Pairs in Ending Inventory * Cost per Pair = 1,578 pairs * $16.77 per pair of shoes = $26,456.06. Therefore, the cost of the ending inventory is $26,456.06, and the cost of the shoes sold is $68,979.18.
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The Beat |Base Erosion and Anti-Abuse Tax|
a.) Is a 10.5% tax US companies pay on the earnings of a controlled foreign corporation that exceed a 10 percent return on a company’s invested foreign assets.
b.) Makes interest, dividends, rents, and royalties that is earned by a controlled foreign corporation taxable to the US parent corporation whether or not it’s distributed.
c.) Is a 10 percent minimum tax that applies to certain US companies that attempt to shift income to related foreign companies by making excessive tax-deductible payments to the foreign company.
Which statement is true?
a.)Worldwide tax systems are more common than territorial tax systems
b.)Income shifting never occurs as a result of different country’s tax rules
c.)Double taxation is the norm in international tax
d.)Worldwide tax systems are more common that territorial tax systems
e.)Tax inversions are more likely in countries with worldwide tax systems
The correct statement is c) Is a 10 percent minimum tax that applies to certain US companies that attempt to shift income to related foreign companies by making excessive tax-deductible payments to the foreign company.
The correct statement regarding the Beat (Base Erosion and Anti-Abuse Tax) is c) Is a 10 percent minimum tax that applies to certain US companies that attempt to shift income to related foreign companies by making excessive tax-deductible payments to the foreign company.
To understand why statement c) is true, let's break down the meaning of the Beat tax.
The Beat tax is designed to prevent certain US companies from shifting income to related foreign companies in order to reduce their US tax liability. It does this by imposing a minimum tax of 10 percent on the taxable income of these companies.
Specifically, the Beat tax applies to US companies that make excessive tax-deductible payments to related foreign companies. These excessive payments are often referred to as "base erosion payments" because they erode the tax base of the US company.
By making these payments, the US company effectively shifts income to the foreign company, reducing its taxable income in the US.
To illustrate this, let's consider an example:
Company A is a US company that has a related foreign company, Company B. Company A makes excessive tax-deductible payments to Company B, which reduces its taxable income in the US. The Beat tax ensures that Company A cannot completely avoid US taxation on this income.
It imposes a minimum tax of 10 percent on the base erosion payments made by Company A to Company B.
Therefore, the correct statement is c) Is a 10 percent minimum tax that applies to certain US companies that attempt to shift income to related foreign companies by making excessive tax-deductible payments to the foreign company.
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Furlan Printing Corporation, a book printer, has provided the following data: Press Setup Cost $ 3,180 $3,213 $3,698 $3,006 May June July August September October November December Titles Printed 29 3
The lowest cost per title was in August, while the highest cost per title was in May.
Furlan Printing Corporation is a book printer that provided the following data:
Press setup cost:
May - $3,180
June - $3,213
July - $3,698
August - $3,006
Titles printed:
May - 29
June - 36
July - 38
August - 42
September - 46
October - 39
November - 48
December - 54
Calculate the cost per title for each month using the given data.
Cost per title in May = $3,180/29
= $109.66
Cost per title in June = $3,213/36
= $89.25
Cost per title in July = $3,698/38
= $97.32
Cost per title in August = $3,006/42
= $71.57
thus, Total cost
Cost per title in September = $71.57
Cost per title in October = $71.57
Cost per title in November = $71.57
Cost per title in December = $71.57
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which answer below correctly describes the relationship between the demand for labor curve and the value of marginal product curve? group of answer choices the value of marginal product curve lies to the left of the demand for labor curve. the value of marginal product curve lies to the right and above the demand for labor curve. the curves intersect to determine the equilibrium quantity of labor. the curves are the same.
The correct answer is: the value of marginal product curve lies to the right and above the demand for labor curve. The curves intersect to determine the equilibrium quantity of labor.
The demand for labor curve represents the quantity of labor that employers are willing to hire at different wage rates. It slopes downward because as wages increase, employers demand less labor.
The value of marginal product (VMP) curve, on the other hand, represents the additional value generated by each additional unit of labor. It shows the relationship between the quantity of labor and the value it adds to production.
The VMP curve lies to the right and above the demand for labor curve because the value of marginal product determines the maximum amount employers are willing to pay for labor. Employers will continue to hire labor as long as the value it adds to production (VMP) is greater than or equal to the wage rate.
The curves intersect to determine the equilibrium quantity of labor, where the quantity of labor demanded equals the quantity of labor supplied at a particular wage rate. This is the point where the market is in balance.
Therefore, the value of marginal product curve lies to the right and above the demand for labor curve.
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What public company can I compare financial reports (Balance
Sheet and Income Statement) to that are most similar to
Netflix?
When comparing financial reports such as the Balance Sheet and Income Statement for Netflix, there are a few public companies that can be considered as comparable. These companies operate in the same industry or have similar business models, which can provide useful insights for analysis.
One company that can be compared to Netflix is Amazon. Although Amazon operates in various industries, its streaming services, such as Amazon Prime Video, compete directly with Netflix. Comparing the financial reports of both companies can provide valuable information on their revenue streams, content costs, and overall financial performance. Another company worth considering is Disney. With its streaming platform, Disney+, Disney is a strong competitor to Netflix. Comparing their financial reports can shed light on their subscriber growth, content investments, and profitability.
When comparing financial reports, it's important to analyze key metrics such as revenue, expenses, profit margins, and subscriber growth. This analysis can help identify trends, strengths, and weaknesses of the companies being compared. In conclusion, to compare financial reports similar to Netflix, you can consider companies like Amazon and Disney. Analyzing their financial statements can provide valuable insights into the streaming industry and help understand Netflix's performance. Remember to focus on key metrics and trends to gain a comprehensive understanding of the companies being compared.
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Using Under Armour, Inc (UAA) 2021 10-K form,
read the pension footnote to determine the following:
a. What is the funded status of the pension and other benefits
plans and is the under/over funded ob
To obtain the funded status of the pension and other benefits plans, as well as the information on whether they are underfunded or overfunded, it is recommended to refer to Under Armour's official 10-K filing. It is filed with the U.S. Securities and Exchange Commission (SEC) or their financial statements directly.
The pension footnote in the 10-K filing typically provides detailed information about the funded status of the pension and other benefit plans, including information on plan assets, projected benefit obligations, and any surplus or deficit. It will outline whether the plans are adequately funded (overfunded) or if there is a shortfall (underfunded).
To access Under Armour's specific financial information, I recommend visiting the company's investor relations website or the SEC's EDGAR database, where you can find their official filings, including the 10-K report. The 10-K report usually contains the pension footnote (often labeled as "Note 13" or a similar reference) that provides relevant information on the funded status of the pension and other benefit plans. The financial statements and footnotes can be complex and require careful analysis and understanding.
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If the public has a currency ratio of 0.2 and banks have a reserve ratio of 0.1, how much cash does the central bank need to print to add $2400 to the money supply? Select one: a. $9600 b. $600 c. $2400 d. $200
The amount of cash that the central bank needs to print to add $2400 to the money supply is approximately $432.43.
What is money supply?Money supply is defined as the total amount of money in circulation in a country at a particular time. The central bank is responsible for regulating the money supply in a country by using certain monetary policy tools. One of these tools is the printing of new currency notes. The process of printing new currency notes adds to the money supply in circulation. Therefore, if the public has a currency ratio of 0.2 and banks have a reserve ratio of 0.1, then the money multiplier would be 1/0.2 x (1 - 0.1) = 1/0.18 = 5.56. The money multiplier represents the total amount of money that can be created from a single dollar of new reserves added to the banking system.
The formula for calculating the amount of cash that the central bank needs to print to add $2400 to the money supply is given as follows:
Amount of cash = ($2400 x 1) / 5.56= $432.43
To find the amount of cash that the central bank needs to print to add $2400 to the money supply, we must first determine the money multiplier. The money multiplier is the ratio of the total money supply to the new reserves added to the banking system. It is calculated as follows:
Money multiplier = 1 / Currency ratio x (1 - Reserve ratio)
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Analyse operating-cost reductions as a driver of wealth creation in relation to the mining company.
Operating-cost reductions play a critical role in wealth creation for mining companies. Cost reduction strategies are aimed at lowering the amount of money spent on production activities.
These strategies provide mining companies with an opportunity to boost their financial performance and increase shareholder returns. In this essay, we shall analyse operating-cost reductions as a driver of wealth creation in relation to the mining company. Cost reduction measures allow mining companies to achieve high margins, even when commodity prices are low.
Cost reduction measures are implemented in several ways. One of the most common methods is to improve efficiency in the production process. Mining companies can achieve this by investing in new technology or redesigning their existing systems.
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Consider an asset that costs $299,200 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a 8-year project; at the end of the project, the asset can be sold for $37,400. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice O O O O O $28,424.00 $405,428.00 $58,844.58 $53,240.34 $56,042.46
After-tax cash flow from the sale of the asset that costs $299,200 is option E) $56,042.46.
Step-by-step solution:
Given,The asset cost = $299,200
The asset is to be used in an 8-year project, i.e., 8-year period
The asset can be sold for $37,400 at the end of the project
The tax rate = 24%To calculate the after-tax cash flow from the sale of the asset, we need to first calculate the book value of the asset at the end of the 8-year project period.
Book value of the asset = cost of the asset - accumulated depreciation
Since the asset is depreciated straight-line to zero over its 13-year tax life, the depreciation expense per year is:
$299,200/13 = $23,092.31
The accumulated depreciation at the end of 8 years is:
Accumulated depreciation = Depreciation expense per year × number of years
= $23,092.31 × 8
= $184,738.48
The book value of the asset at the end of the project period is:
Book value = Cost of the asset - Accumulated depreciation
= $299,200 - $184,738.48
= $114,461.52
The after-tax cash flow from the sale of the asset is the difference between the sale price and the tax paid on the sale. The tax on the sale is the difference between the sale price and the book value multiplied by the tax rate.
Tax on the sale = Tax rate × (Sale price - Book value)Tax on the sale
= 24% × ($37,400 - $114,461.52)
= -$18,151.27
The negative value indicates that there is a tax credit on the sale.
So, the after-tax cash flow from the sale of the asset = Sale price - Tax on the sale
= $37,400 - (-$18,151.27)
= $56,042.46
Therefore, the after-tax cash flow from the sale of this asset is $56,042.46.
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From the table below, what can you infer is the market price in dollars of the product? Marginal Revenue Product of Labor (# of Labor input workers) Total product Marginal Product of Labor (MPJ Marginal Revenue Product of Labor (MRP) (# of goods) lo 0 1 9 18 $360 2 2 17 16 $320 3 22 10 $200 4 25 16 $120 15 26 2 $40
The market price in dollars of the product can be inferred from the table of Marginal Revenue Product of Labor (# of Labor input workers), Total product, Marginal Product of Labor (MPJ), Marginal Revenue Product of Labor (MRP), and # of goods.
The marginal revenue product of labor is a measure of the amount of additional revenue that results from adding one unit of labor to a production process.The MRP column of the table provides the data for inferring the market price of the product.
From the table, it is apparent that the marginal revenue product (MRP) of labor falls as more workers are employed. The market price of the product can be inferred from the MRP column in the table.
MRP = 360When there are two workers,
MRP = 320When there are three workers,
MRP = 200When there are four workers,
MRP = 120When there are five workers,
MRP = 40.
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Larkspur Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $25 per year. During November 2022, Larkspur sells 6,000 subscriptions for cash, beginning with the December issue. Larkspur prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end.
Larkspur Company Ltd. publishes a monthly sports magazine named "Fishing Preview" which costs $25 per year for the subscribers. During November 2022,
The company sells 6,000 subscriptions for cash beginning from December, which indicates the subscriptions sold will begin from December 2022 and will be valid for a year until November 2023. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue and prepares its financial statements quarterly.
The year-end of the company is December 31. Subscription revenue is recognized as the subscription period progresses.The revenue earned by the company b = 150,000As the company recognizes subscription revenue at the end of the quarter, no revenue will be recorded in selling subscriptions for the year 2022 would be:Revenue earned by the company = 6,000 x 25Revenue earned by the 2022.
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rima fashion inc. purchases clothing from oriental fashions in hong kong. a dispute arises between rima and oriental over a large shipment of clothing for which oriental claims rima refused to pay. oriental threatens to sue rima for $500,000. the contract between the two companies states that all disputes must be submitted to arbitration, so rima and oriental have an arbitration proceeding in hong kong. the arbitration decision is in favor of oriental, so oriental seeks payment from rima. if oriental asks a united states court to enforce the arbitration award, the court will enforce the award:
The United States court is likely to enforce the arbitration award in favor of Oriental Fashions.
Arbitration is a method of dispute resolution where the parties agree to submit their disputes to an impartial third party, known as an arbitrator, whose decision is binding. In this case, Rima Fashion Inc. and Oriental Fashions have an arbitration proceeding in Hong Kong to resolve their dispute over a shipment of clothing.
When a party seeks to enforce an arbitration award in a United States court, the court will generally recognize and enforce the award under the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (also known as the New York Convention). The New York Convention aims to promote and facilitate the recognition and enforcement of arbitration agreements and awards internationally.
As long as the arbitration process was conducted in accordance with the principles of due process and fairness, and there are no valid grounds for challenging the award, the United States court is likely to enforce the arbitration award in favor of Oriental Fashions, thereby allowing them to seek payment from Rima Fashion Inc.
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