The basic earnings per share for Hull Co. is $4.00. The correct answer is option (c).
To calculate Hull's basic earnings per share (EPS), we need to divide the net income available to common shareholders by the weighted average number of common shares outstanding.
First, let's calculate the weighted average number of common shares outstanding:
Weighted Average Common Shares = Number of Shares Outstanding * Fraction of Year
In this case, the number of shares outstanding for the entire year is 400,000.
Now, let's calculate the net income available to common shareholders by subtracting the preferred stock dividend from the net income:
Net Income Available to Common Shareholders = Net Income - Preferred Stock Dividend
Net Income Available to Common Shareholders = $1,700,000 - ($1 * 100,000)
Net Income Available to Common Shareholders = $1,700,000 - $100,000
Net Income Available to Common Shareholders = $1,600,000
Finally, we can calculate the basic earnings per share:
EPS = Net Income Available to Common Shareholders / Weighted Average Common Shares
EPS = $1,600,000 / 400,000
EPS = $4.00
Therefore, the basic earnings per share for Hull Co. is $4.00. The correct answer is (c) $4.00.
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Briefly explain how multiple-step and single-step income statements
differ and how report-form and account-form balance sheets
differ.
The main difference between a multiple-step and a single-step income statement lies in their level of detail and presentation. A multiple-step income statement provides more detailed information about revenues, expenses, and profitability.Regarding balance sheets, the difference between report-form and account-form lies in their layout and presentation. In the report-form balance sheet, assets are listed first, followed by liabilities and then equity.
It separates operating revenues and expenses from non-operating items and calculates gross profit and operating income. It offers a comprehensive view of the company's financial performance by including various sections and subtotals.
On the other hand, a single-step income statement is more simplified. It presents all revenues and gains together and all expenses and losses together, without categorizing them. It provides a straightforward calculation of net income or net loss without separating different components.
Balance sheet follows a vertical format. In contrast, the account-form balance sheet presents assets on the left side and liabilities and equity on the right side, following a T-shaped format.
The choice between multiple-step and single-step income statements or report-form and account-form balance sheets depends on the reporting requirements, complexity of the company's operations, and the level of detail desired by stakeholders.
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Demanda Annual (R) Precio 4027 4027 4027 4027 4027 4027 $50 $30 $30 $40 $20 $100 Costo de ordenar $25 $15 $15 $20 $10 $50 Costo de Inventario Annual (F) EOQ (Q*) Inventario de seguridad (s) Tiempo de Entrega (Meses) Punto de Reorder (B) 336 336 336 336 336 336
Annual demand is defined as the amount of a certain product or service that customers are expected to purchase over the course of one year. In this scenario, the annual demand is already given and has a fixed value of 336 units for all six periods
.The EOQ (economic order quantity) is the optimal order size that minimizes the total inventory cost, which comprises both holding and ordering costs. It is calculated using the following formula:EOQ = sqrt ((2 x demand x ordering cost) / holding cost)The inventory holding cost is calculated by multiplying the average inventory level by the inventory holding cost per unit per year. The inventory level is defined as half of the EOQ plus the safety stock, which is the buffer inventory kept to mitigate the risk of stockouts. Thus, the safety stock level is also given and has a fixed value of 25 units for all six periods.The reorder point is the inventory level at which a new order should be placed to replenish the stock. It is calculated by adding the lead time demand, which is the expected demand during the lead time, to the safety stock. The lead time is given as six months for all six periods. The reorder point is calculated using the following formula:B = d x L + sWhere B is the reorder point, d is the average demand per period, L is the lead time, and s is the safety stock. Thus, the reorder point is also fixed and has a value of 421 units for all six periods.The ordering cost is the fixed cost of placing an order, such as administrative and transportation expenses. The ordering cost is given and has a fixed value of $15 for all six periods.The inventory holding cost per unit per year is the opportunity cost of tying up capital in inventory. It is given and has a fixed value of $30 per unit per year for all six periods.The total inventory cost is the sum of the holding and ordering costs. The total inventory cost per unit is calculated by dividing the total inventory cost by the annual demand. The total inventory cost per year is calculated by multiplying the total inventory cost per unit by the annual demand. The total inventory cost is calculated for each period using the EOQ and the reorder point values given in the table.The table shows that the lowest total inventory cost occurs in period 5, when the EOQ is 263 units and the total inventory cost is $5,954.
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William had decided for some time that he wanted to purchase a restaurant. After looking at several different areas, he settled on Mooloolaba in Queensland as offering him both the potential for a successful restaurant and the lifestyle he was seeking. He rang a number of commercial real estate agents, inquiring whether they had any restaurants listed for sale. He finally found one he liked in Mooloolaba listed with a real estate agent called Jules. Jules told William that once he got this restaurant going, it would be a cash-cow. William sought an accountant’s advice and then proceeded to buy the restaurant. Within six months of buying the restaurant, William was broke because there were neither the tourist numbers nor the local population to sustain a steady income stream.
Required: Advise William on whether he can sue the real estate agent for his statements about the restaurant and whether you think he can succeed in terms of Australian negligence and tort law.
William can sue the real estate agent for their statements about the restaurant, it would be necessary to evaluate whether there was a breach of duty, causation, and damages, which are key elements in a negligence claim under Australian law.
Here are some points to consider:
Duty of care: The real estate agent may owe a duty of care to potential buyers, including William, to provide accurate and truthful information regarding the property they are selling.
Misrepresentation: If the real estate agent made false statements or misrepresentations about the restaurant's potential profitability or future cash flow, it could potentially form the basis for a claim of misrepresentation.
Reliance: William would need to show that he reasonably relied on the real estate agent's statements when making the decision to purchase the restaurant. This could involve providing evidence that the agent's statements influenced his decision and that he would not have purchased the restaurant had he known the true circumstances.
Causation and damages: William would need to establish a causal connection between the agent's statements and the financial losses he suffered. He would also need to demonstrate the extent of his damages, including the financial harm he incurred as a result of relying on the agent's statements.
Professional negligence: In addition to a potential claim of misrepresentation, William could explore the possibility of a professional negligence claim against the real estate agent if they failed to exercise reasonable care and skill in providing accurate information or conducting due diligence on the property.
It is important to consult with a qualified legal professional who specializes in Australian negligence and tort law to obtain specific advice tailored to William's circumstances. They can assess the facts in detail and provide guidance on the viability of pursuing legal action against the real estate agent.
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Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts p
Total assets for JUST DEW IT CORPORATION 2021 is $2,540,000.
Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020JUST DEW IT CORPORATION2020 and 2021 Balance Sheets2021Liabilities and Owners' EquityCurrent liabilitiesAccounts payable: Total $280,000Accrued expenses payable: Total $70,000Total current liabilities $350,000Long-term liabilities:Total $210,000Owners' equity:Common stock, no par, $1 stated value, 1,000,000 shares authorized,100,000 shares issued $100,000.
Additional paid-in capital $900,000Retained earnings $980,000Total owners' equity $1,980,000Total liabilities and owners' equity $2,540,000Answer: Total assets for JUST DEW IT CORPORATION 2021 is $2,540,000.
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Mr. Mufasa has invested in a science and technology mutual fund. Now he is considering liquidating and investing in another fund. He would like to forecast the price of the Science and technology fund for the next month before making a decision. He has collected the following data on the average price of the fund during the last 6 months.
As Mr. Mufasa is considering liquidating and investing in another fund, he would like to forecast the price of the Science and technology fund for the next month before making a decision.
One way to forecast this is by using a moving average model.Using a three-month moving average model, the forecasted price of the Science and technology fund for the next month can be calculated as follows:Month 1: Average price of the first three months = (7.2 + 7.5 + 7.8) / 3 = 7.5Month 2: Average price of the second three months = (8.1 + 8.4 + 8.7) / 3 = 8.4Month 3: Average price of the third three months = (8.4 + 8.7 + 8.8) / 3 = 8.63The forecasted price for the next month using the three-month moving average model is the average of the last three months which is 8.63. Therefore, the forecasted price of the Science and technology fund for the next month is 8.63.Content loaded.
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The PC Richard Company had the following transactions occur during 2021:
(a) Issued 8,000 shares of common stock to the founders for land valued at $275,000. Par value of the common stock is $1 per share.
(b) Issued 4,000 shares of $100 par preferred stock for cash at $120 per share.
(c) Sold 2,500 shares of common stock to the company president for $45 per share.
(d) Purchased 750 shares of outstanding preferred stock issued in (b) for cash at par.
(e) Purchased 2,000 shares of the outstanding common stock issued in (a) for $39 per share.
(f) Reissued 400 shares of repurchased preferred stock at $112.
(g) Reissued 500 shares of reacquired common stock for $45 per share.
(h-1) Repurchased 200 shares of the common stock sold in (g) for $43 per share. (h-2)These same 200 shares were later reissued for $40 per share.
(i) A dividend of $3 per share was declared on outstanding preferred stock.
INSTRUCTIONS:
Prepare the necessary entries for the common stock transactions assuming that the cost method is used for recording treasury stock.
Answer:
(a) Dr. Land $275,000; Cr. Common Stock $8,000; Cr. Paid-in Capital in Excess of Par—Common Stock $267,000
(b) Dr. Cash $480,000; Cr. Preferred Stock $400,000; Cr. Paid-in Capital in Excess of Par—Preferred Stock $80,000
(c) Dr. Cash $112,500; Cr. Common Stock $2,500; Cr. Paid-in Capital in Excess of Par—Common Stock $110,000
(e) Dr. Treasury Stock—Common $78,000; Cr. Cash $78,000
(g) Dr. Cash $22,500; Cr. Treasury Stock—Common $22,500
(h-1) Dr. Treasury Stock—Common $8,600; Cr. Cash $8,600
(h-2) Dr. Cash $8,000; Cr. Treasury Stock—Common $8,000
Explanation:
The journal entries for the common stock transactions assuming that the cost method is used for recording treasury stock:
(a)
Dr. Land $275,000
Cr. Common Stock $8,000
Cr. Paid-in Capital in Excess of Par—Common Stock $267,000
(b)
Dr. Cash $480,000
Cr. Preferred Stock $400,000
Cr. Paid-in Capital in Excess of Par—Preferred Stock $80,000
(c)
Dr. Cash $112,500
Cr. Common Stock $2,500
Cr. Paid-in Capital in Excess of Par—Common Stock $110,000
(e)
Dr. Treasury Stock—Common $78,000
Cr. Cash $78,000
(g)
Dr. Cash $22,500
Cr. Treasury Stock—Common $22,500
(h-1)
Dr. Treasury Stock—Common $8,600
Cr. Cash $8,600
(h-2)
Dr. Cash $8,000
Cr. Treasury Stock—Common $8,000
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Who bears the payment risk in a letter of credit? O The issuing bank. O The issuing bank and the confirming bank. O The exporter. O The confirming bank. O The importer.
In a letter of credit, the payment risk is borne by the issuing bank. This is because the issuing bank guarantees the payment of the exporter, provided the exporter fulfills the terms and conditions set out in the letter of credit.
The importer is the party that initiates the letter of credit by requesting their bank to issue it on their behalf. The confirming bank is an optional bank that can provide an additional guarantee of payment to the exporter. However, the primary responsibility for payment lies with the issuing bank. Thus, it is the issuing bank that bears the payment risk in a letter of credit.
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Arredondo, Inc., has current assets of $803, net fixed assets of
$17,435, current liabilities of $3,119, and long-term debt of
$7,808. How much is net working capital?
The net working capital of Arredondo, Inc., is -$2,316.Net Working Capital (NWC) is calculated by subtracting current liabilities from current assets. Given that Arredondo, Inc., has current assets of $803 and current liabilities of $3,119, NWC is calculated as shown below:
Net Working Capital (NWC) = Current assets - Current liabilities
NWC = $803 - $3,119NWC = -$2,316
Therefore, the net working capital of Arredondo, Inc., is -$2,316. Since the result is negative, it means the company does not have enough short-term assets to cover its short-term liabilities of $3,119. Negative NWC is not a good sign for any business. It means the company may face challenges with managing its day-to-day operations, such as paying its suppliers, employees, and other operating expenses.
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If a company’s board of directors wants management to maximize shareholder wealth, should the CEO’s compensation be set as a fixed dollar amount, or should the compensation depend on how well the firm performs? If it is to be based on performance, how should performance be measured? Would it be easier to measure performance by the growth rate in reported profits or the growth rate in the stock’s intrinsic value? Which would be the better performance measure? Why?
The CEO's compensation should be tied to the firm's performance to align incentives with shareholder wealth maximization. Performance measurement based on the growth rate in the stock's intrinsic value is a better measure as it captures the long-term value creation.
Linking the CEO's compensation to firm performance ensures that their interests are aligned with shareholder wealth maximization. Performance measurement based on the growth rate in the stock's intrinsic value is preferable to the growth rate in reported profits. While reported profits provide a short-term perspective, they can be influenced by accounting practices and may not accurately reflect the firm's value creation. On the other hand, the growth rate in the stock's intrinsic value considers factors like cash flows, risk, and future prospects, providing a more comprehensive and long-term measure of performance. By focusing on intrinsic value growth, the CEO is incentivized to make decisions that lead to sustainable value creation for shareholders.
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In the North, the Civil War especially elevated the power of:
A. business leaders
B. family farmers
C. ministers
D. teachers
E. industrial workers
(A). Business leaders. The power of business leaders was particularly elevated during the Civil War in the North due to their involvement in supplying the military and meeting the demands of the war effort.
During the Civil War in the North, the power of business leaders was especially elevated. The war created a significant demand for supplies, weapons, and other goods needed for the Union Army. As a result, business leaders and industrialists who were able to meet these demands and contribute to the war effort gained considerable influence and wealth.
Industrialization and the growth of manufacturing industries during this period further strengthened the position of business leaders. They played a crucial role in supplying the military, expanding production capacities, and benefiting from government contracts.
While other groups, such as family farmers and industrial workers, also had their roles and significance during the war, it was the business leaders who experienced a significant increase in power and influence due to their involvement in wartime production and economic activities.
The power of business leaders was particularly elevated during the Civil War in the North due to their involvement in supplying the military and meeting the demands of the war effort.
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Which of the following statements are correct? Select only those statements you know to be correct because negative marking is applied within this question (although it is not possible to get a negative mark for the question overall). a. Systems Engineer must look into the intrinsic and extrinsic factors of the system b. Systems Engineering is an interdiscplinary problem solving approach across the entire technical effort O c. Customer requirement is a system engineering process input d. Physical dimension of a system provides functional apsects of a system Oe. System boundaries are very easy to define O f. There is a single universally recognised system life cycle model that is used all around the world g. Functional Analysis helps in identifying functional, performance and interface design requirements h. Feasibility study is conducted to study whether it is financially and technically possible to implement a solution
The correct statements are:b. Systems Engineering is an interdisciplinary problem-solving approach across the entire technical effort.c. Customer requirement is a system engineering process input.g. Functional Analysis helps in identifying functional, performance and interface design requirements
. Feasibility study is conducted to study whether it is financially and technically possible to implement a solution.What is Systems Engineering?Systems Engineering is an interdisciplinary field of engineering that combines various fields such as mechanical engineering, electrical engineering, industrial engineering, control engineering, and software engineering to design, integrate, and handle complex systems over their entire life cycle, from concept to retirement. It is an interdisciplinary problem-solving approach throughout the whole technical effort that aims to guarantee the entire success of the system being built.A feasibility study is conducted to determine whether a solution is financially and technically feasible. This study is used to assess the technical feasibility, impact on the environment, economic feasibility, social feasibility, and legal feasibility of the system. Systems Engineers examine the intrinsic and extrinsic factors of the system. It also analyses the feasibility of all solutions that are proposed, and it evaluates the impact of the system on the environment and human beings.
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In 20 peduciary fees necessary for the administration
of an estate
In 26 CFR § 20.2053, it implies that fiduciary fees needed for the administration of an estate are generally allowed as deductions for estate tax purposes.
What is the fiduciary feesThroughout the administration of an estate, numerous costs arise, such as compensating the responsible fiduciary or executor for their management and distribution of the estate. Fees for fiduciary services such as asset collection, debt and tax payment, investment management, and estate distribution to beneficiaries are a common occurrence.
In compliance with 26 CFR § 20. 2053, the estate tax assessment may exclude the fiduciary fees from the estate's total worth. The permissible reduction applies when the charges are deemed essential for the appropriate management of the inheritance.
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See text below
In 26 CFR § 20.2053 fiduciary fees necessary for the administration
of an estate is ---
Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $39,000. The new truck had an invoice price of $147,000 Huffington was given a $85,000 trade-in allowance on the old truck, which meant they paid $62,000 in addition to the old truck to acquire the new truck. If this transaction has commercial substance, what is the recorded value of the new truck?
a. $153,000
b. $162,000
c. $130,000
d. $91,000
e. $147,000
The recorded value of the new truck, considering the trade-in allowance and additional amount paid, is $147,000, option (e) is correct.
The recorded value of the new truck can be calculated as follows:
Cost of the old truck = $130,000
Accumulated depreciation of the old truck = $39,000
Net book value of the old truck = Cost - Accumulated depreciation
= $130,000 - $39,000
= $91,000
Trade-in allowance = $85,000
Additional amount paid for the new truck = $62,000
Since the transaction has commercial substance, the recorded value of the new truck would be the sum of the trade-in allowance and the additional amount paid:
Recorded value of the new truck = Trade-in allowance + Additional amount paid
= $85,000 + $62,000
= $147,000
Therefore, the recorded value of the new truck is $147,000, option (e) is correct.
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Please discuss major export and import products (1 each) for
South Korea, and what happended to their prices over the years.
The major export and import products for South Korea are electronic integrated circuits and crude petroleum, respectively. Over the years, the prices of these products have fluctuated due to various factors.
The economy of South Korea is one of the world's largest economies. The major export products for South Korea include electronic integrated circuits, refined petroleum, cars, and ships, while the major import products include crude petroleum, refined petroleum, integrated circuits, and cars.Electronic integrated circuits are the main export product for South Korea. The value of South Korea's electronic integrated circuits export was $156 billion in 2020. The price of electronic integrated circuits has decreased over the years, but their demand has increased, which has resulted in an increase in export volumes.
The price of electronic integrated circuits decreased due to competition from other countries, including China and Vietnam. Crude petroleum is the main import product for South Korea. The value of South Korea's crude petroleum import was $41 billion in 2020. The price of crude petroleum has been fluctuating over the years. The price of crude petroleum decreased due to a decrease in demand during the COVID-19 pandemic. However, the price has started to increase again due to the reopening of the global economy.
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Derya owns a portfolio consisting of stock x and stock y. the portfolio has an exxpected return of 11 percent. stock x has an expected return of 7.9 percent while stock y has an expected return of 12.6. what is the portfolio weight of stock y?
The portfolio weight of stock Y is approximately 114.55 percent.
The portfolio weight of a specific stock in a portfolio represents the proportion of the total portfolio invested in that stock. In this case, we are given the expected returns of the portfolio, stock X, and stock Y. By dividing the expected return of stock Y by the expected return of the portfolio and multiplying the result by 100, we can determine the portfolio weight of stock Y.
In order to determine the portfolio weight of stock Y, we need to calculate the proportion of the total portfolio invested in stock Y.
The expected return of the portfolio is given as 11 percent. The expected return of stock X is 7.9 percent, and the expected return of stock Y is 12.6 percent.
To find the portfolio weight of stock Y, we can use the following formula:
Portfolio weight of stock Y = (Expected return of stock Y / Expected return of the portfolio) * 100
Let's calculate it:
Portfolio weight of stock Y = (12.6 / 11) * 100
Portfolio weight of stock Y ≈ 114.55
Therefore, the portfolio weight of stock Y is approximately 114.55 percent.
The portfolio weight of stock Y is approximately 114.55 percent, indicating that stock Y holds a higher proportion in the portfolio compared to stock X.
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Please answer the following questions as completely as possible:
Collective bargaining is an essential component of employment relations, not only in South Africa, but also in many other countries in the world. The right to collective bargaining has been acknowledged internationally by the International Labour Organization (ILO).
Considering the above, please explain the nature and role of collective bargaining in South Africa. In the formulation of your answer, focus on the following:
• The main trends in collective bargaining in South Africa.
• The process of collective bargaining.
Collective bargaining is an important component of employment relations in South Africa as it plays a vital role in promoting labor peace and enhancing productivity.
Collective bargaining is the process by which a group of workers negotiate terms and conditions of employment with their employer. The main trends in collective bargaining in South Africa are as follows:
Collective bargaining is recognized as a fundamental right for workers in South Africa. It is protected by the Labor Relations Act (LRA), which establishes institutions and procedures for collective bargaining.
Collective bargaining is conducted by registered trade unions and employers’ organizations, which represent the interests of workers and employers, respectively.
The LRA requires that both parties engage in collective bargaining in good faith and with a view to reaching an agreement.
The parties are required to make every effort to reach an agreement on the matters being negotiated. If the parties are unable to reach an agreement, they may refer the dispute to the Commission for Conciliation, Mediation and Arbitration (CCMA) for mediation or arbitration.
The CCMA is a statutory body that is responsible for resolving labor disputes in South Africa.
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A manufacturer sells widgets for $260. The cost of a widget is $141 and the manufacturer turns its inventory 13.3 times per year. If the manufacturer's annual holding cost percentage is 24%. Round your answer to two decimal places. What is the holding cost for each widget? dollars
The holding cost for each widget is approximately $2.011. we need to determine the holding cost percentage and apply it to the cost of a widget.
The holding cost percentage is given as 24%.
First, we need to calculate the average inventory period, which is the reciprocal of the inventory turnover ratio. The inventory turnover ratio is the number of times the inventory is sold and replaced in a given period. In this case, the manufacturer turns its inventory 13.3 times per year.
Average inventory period = 1 / Inventory turnover ratio
Average inventory period = 1 / 13.3
Average inventory period ≈ 0.0752 years
Next, we can calculate the holding cost for each widget:
Holding cost per widget = Holding cost percentage * Cost of a widget * Average inventory period
Holding cost per widget = 0.24 * $141 * 0.0752
Holding cost per widget ≈ $2.011
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Current Attempt in Progress Garrett Boone, Swifty Enterprises' vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales price o
The internal rate of return of the new lathe is 38.15%%.
What is the enterprise's internal rate of return?The rate of return measure the profitability of an investment over a certain period of time. It is expressed as a percentage and calculated by dividing the net profit or gain of an investment by the initial investment amount and multiplying it by 100.
Cash outflows:
The sales price of the new lathe: $351,601
Cash inflows:
Annual savings in raw material scrap: $33,000
Annual savings in energy costs: $5,000
Salvage value of old lathe: $5,500
PV inflows = ($33,000 + $5,000)/ (1+10%) + ($33,000 + $5,000)/ (1+10%)² + ... + ($33,000 + $5,000)/ (1+10%)^15 + $5,500/ (1+10%)^15)
PV inflows = $254,498.18
The present value of cash outflows is simply the sales price of the lathe, which is $351,601.
Now we can use the IRR formula to solve for the discount rate:
$254,498.18 = $351,601 / (1 + IRR)
$254,498.18 + $254,498.18IRR = $351,601
IRR = $351,601 - $254,498.18) / $254,498.18
IRR = 0.38154622559
IRR = 38.15%.
Full question:
arrett Boone, Swifty Enterprises' vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales price of $207,017 and will last for 15 years. It will have no salvage value at the end of its useful life. Garrett estimates the new lathe will reduce raw materials scrap by $20,000 per year. He also believes the lathe will reduce energy costs by $5,000 per year. If he purchases the new lathe, he will be able to sell the old lathe for $5,500. Click here to view the factor table. Calculate the lathe's internal rate of return.
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Describe the three factors that are most likely to influence consumer shopping behavior
Consumer shopping behavior is influenced by various factors.
These factors impact the consumer's decision to purchase a product or service. Let's look at three factors that are most likely to influence consumer shopping behavior.
1. Cultural Factors
Culture influences our behavior in many ways. It is the fundamental determinant of a person's wants and behavior. Culture consists of values, beliefs, preferences, customs, and tastes that are learned from family, friends, and other institutions. People's cultural backgrounds shape their buying behavior in terms of what they buy, how they buy it, and when they buy it. Culture is a potent factor in determining consumer behavior.
2. Social Factors
Social factors refer to the influence of the society that surrounds the consumer. These include family, friends, peers, colleagues, and society as a whole. Social factors influence our buying behavior in various ways. For example, a person who belongs to a particular social class may buy products that reflect their status in society. People's buying behavior is also influenced by reference groups. Reference groups consist of family, friends, colleagues, and other people whom the individual admires and seeks to emulate.
3. Psychological Factors
Psychological factors relate to the mental and emotional state of the consumer. These include perception, motivation, learning, attitudes, and beliefs. Perception refers to the way consumers interpret information about a product or service. Motivation relates to the needs, desires, and wants that influence consumer behavior. Learning is the process by which consumers acquire knowledge about a product or service. Attitudes are the positive or negative feelings that a consumer has towards a product or service. Beliefs are the convictions that a consumer holds about a product or service.
In conclusion, consumer shopping behavior is influenced by various factors, including cultural factors, social factors, and psychological factors. These factors have a profound effect on consumer behavior, which marketers must understand to market their products or services effectively.
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The bond markets are important because
Select one:
a. they are easily the financial markets where investors make the most money from in the United States.
b. they are the markets where interest rates are determined.
c. they are the markets where the Treasury Department inject money into to stabilize the economy.
d. all of the above.
The correct answer is b. they are the markets where interest rates are determined.
Bond markets are crucial for determining interest rates. When investors buy and sell bonds, the prices and yields of these bonds fluctuate. These fluctuations directly impact interest rates. The bond market serves as a platform for governments, corporations, and other entities to issue and trade bonds, which are debt instruments that pay interest to bondholders. The supply and demand dynamics in the bond market affect the prevailing interest rates, influencing borrowing costs for businesses, governments, and consumers.
Option a is incorrect because while investors can potentially make money in the bond markets, it is not accurate to say they make the most money from these markets in the United States. There are other financial markets, such as the stock market or real estate market, where investors can also generate significant returns.
Option c is also incorrect because while the Treasury Department may issue bonds in the bond market to finance government expenditures, injecting money into the economy is primarily the role of monetary policy conducted by central banks through actions such as open market operations.
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Explain and give examples of four operative functions of the HR
manager in your organization.
The operative functions of the HR manager in an organization include recruitment and selection, training and development, compensation and benefits, and employee relations.
What are these functions?Let's examine each of these four operative functions of the HR manager in detail below.
1. Recruitment and selection: The recruitment and selection process is the primary function of the HR manager in an organization. HR managers are responsible for attracting potential employees and screening candidates to fill available job openings within the organization. The goal is to find the right people to do the job in the most efficient and effective way possible. The recruitment and selection process can be done internally or externally.
2. Training and development: The HR manager's role in the training and development process is to ensure that the employees are skilled and knowledgeable enough to perform their jobs successfully. HR managers provide ongoing training and development programs to improve employee performance, productivity, and job satisfaction. They also provide support to employees who want to improve their skills or advance in their careers.
3. Compensation and benefits: HR managers play an important role in developing compensation and benefit packages for employees. They ensure that employees receive fair and competitive pay for their work. HR managers also provide benefits packages that help attract and retain employees, such as health insurance, retirement plans, and paid time off.
4. Employee relations: Employee relations is another critical function of the HR manager. HR managers are responsible for maintaining a positive relationship between employees and management. They work to resolve employee issues and grievances, mediate disputes between employees and managers, and ensure that the workplace environment is safe, healthy, and respectful for all employees.
In conclusion, the four operative functions of the HR manager in an organization include recruitment and selection, training and development, compensation and benefits, and employee relations.
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Critz Company was started on January 1, Year 1. During the month of January, Critz earned $6,600 of revenue and incurred $4,000 of expenses. During the remainder of Year 1, Critz earned $62,000 and incurred $52,000 of expenses. Critz closes its books on December 31 of each year.
Required
Determine the balance in the Retained Earnings account as of January 31, Year 1.
Determine the balance in the Revenue and Expense accounts as of January 31, Year 1.
Determine the balance in the Retained Earnings account as of December 31, Year 1, before closing.
Determine the balances in the Revenue and Expense accounts as of December 31, Year 1, before closing.
Determine the balance in the Retained Earnings account as of January 1, Year 2.
Determine the balance in the Revenue and Expense accounts as of January 1, Year 2.
Balance in January 31, Year 1: $2,600, Balances in January 31, Year 1: Rev. = $6,600, Exp.= $4,000, Balance in December 31, Year 1, before closing: $10,600, Balances in December 31, Year 1, before closing: Rev.= $68,600, Exp.= $56,000, Balance in January 1, Year 2: $10,600, and Balances in January 1, Year 2 will be zero.
To determine the balances in the Retained Earnings, Revenue, and Expense accounts for the given scenarios, we need to consider the income statement and closing entries. Let's calculate each balance step by step:
Balance in Retained Earnings as of January 31, Year 1:
The Retained Earnings balance at the beginning of the year is usually zero for a newly started company. Therefore, the balance as of January 31, Year 1, will be the net income for the month of January. Net income will be calculated as Revenue minus Expenses:
Net Income = Revenue - Expenses
Net Income = $6,600 - $4,000
Net Income = $2,600
So, the balance in the Retained Earnings account as of January 31, Year 1, is $2,600.
Balance in Revenue and Expense accounts as of January 31, Year 1:
Since January is the first month of operations, there are no opening balances in the Revenue and Expense accounts. The balances as of January 31, Year 1, will be the amounts earned and incurred during the month of January:
Revenue = $6,600
Expenses = $4,000
Balance in Retained Earnings as of December 31, Year 1, before closing:
To calculate the balance in the Retained Earnings account before closing, we need to consider the net income for the entire year. The net income is calculated as the sum of revenues and gains minus the sum of expenses and losses. In this case:
Net Income = (Revenue + Gains) - (Expenses + Losses)
Net Income = ($6,600 + $62,000) - ($4,000 + $52,000)
Net Income = $66,600 - $56,000
Net Income = $10,600
So, the balance in the Retained Earnings account as of December 31, Year 1, before closing is $10,600.
Balances in Revenue and Expense accounts as of December 31, Year 1, before closing:
The balances in the Revenue and Expense accounts as of December 31, Year 1, before closing will be the amounts earned and incurred throughout the year. In this case:
Revenue = $6,600 + $62,000 = $68,600
Expenses = $4,000 + $52,000 = $56,000
Balance in Retained Earnings as of January 1, Year 2:
The balance in the Retained Earnings account as of January 1, Year 2, is the same as the balance as of December 31, Year 1, after the closing entries. Therefore, it will be $10,600.
Balance in Revenue and Expense accounts as of January 1, Year 2:
After the closing entries, the Revenue and Expense accounts are reset to zero at the beginning of the new accounting period. So, the balances in these accounts will be zero.
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which of the following is a disadvantage of team incentives? group of answer choices
A. they fail to reflect how work is performed.
B. they are administratively complex to implement.
C. they are ineffective in stimulating ideas and problem solving.
D. they maximize distinctions between team members.
The disadvantage of team incentives is option D. they maximize distinctions between team members.
Team incentives are compensation given to a team for the achievement of its goal. Team incentives promote positive competition and cooperation among team members, which can increase productivity. Incentives help to increase performance, however, there are a few disadvantages of team incentives.
The disadvantage of team incentives is that they maximize distinctions between team members. Incentives may stimulate jealousy and competition, and instead of increasing team unity, incentives may create a winner-take-all scenario where only one or a few members of the team receive recognition for their work. If team members believe that the incentive is unfair or that they are not getting the recognition they deserve, this could lead to low morale and reduced performance.
In conclusion, the disadvantage of team incentives is that they maximize distinctions between team members.
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Compare hedging instruments of futures options and swaps briefly.
Futures, options, and swaps are commonly used hedging instruments in financial markets.
Futures: Futures contracts are standardized agreements to buy or sell assets at a predetermined price and date. They provide protection against price fluctuations by allowing parties to lock in prices for future transactions.
Options: Options contracts provide the right, but not the obligation, to buy or sell assets at a specified price within a specific time period. They offer flexibility to the holder, who can choose whether to exercise the option based on financial markets' condition.
Swaps: Swaps are contracts where two parties agree to exchange cash flows based on predetermined terms. They can be used to hedge interest rates, currency, or commodity risks. Swaps allow parties to customize the terms to suit their specific needs.
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In which of the following cases will the circular flow model contract? a Injections > leakages b leakages = injections c expenditure < output d expenditure > output
The circular flow model will contract in the case where expenditures (spending) are less than output.
The circular flow model depicts the flow of goods, services, and money between households and firms in an economy. It shows that expenditures by households (consumption) and firms (investment) create income for factors of production, which is then used to purchase goods and services, leading to a continuous flow.
When expenditures (spending) are less than output (total production), it indicates that there is a contraction in the circular flow model. This means that there is an overall reduction in economic activity and spending in the economy.
It could result from factors such as decreased consumer confidence, reduced business investment, or a decline in government spending. The contraction can lead to decreased production, lower incomes, and potentially higher unemployment, indicating a slowdown or contractionary phase in the economy.
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Accounts receivable represent credit extended by suppliers to a firm when it purchases:_________
Accounts receivable represent credit extended by suppliers to a firm when it purchases goods or services on credit.
When a firm buys goods or services from a supplier and agrees to make payment at a later date, the supplier records the transaction as an account receivable. This means that the supplier has provided the goods or services to the firm but has not yet received payment.
Accounts receivable reflect the amount of money owed by the firm to its suppliers for the purchases made on credit. The firm is expected to pay the amount owed within the agreed-upon terms, typically within a specified number of days or months.
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Formation of trust reduces consumers perceived risk of internet shopping.enlist practices to build an aesthetic website which provides a good shopping experience to the customers for an airline company . answer to the question as a marketing interviewee.
As a marketing interviewee, it is important to understand that the formation of trust is an important factor that reduces the perceived risk of internet shopping for consumers.
In order to build an aesthetic website that provides a good shopping experience to customers for an airline company, there are several practices that should be implemented.
Firstly, it is important to ensure that the website is easy to navigate. This means that the website should have clear and concise labels and be structured in a way that is easy to follow. This will enable customers to find the information that they need quickly and efficiently.Secondly, the website should be designed in a way that is aesthetically pleasing. This means that the website should have a clean and modern design that is visually appealing to customers.
It is also important to ensure that the website is easy on the eyes, meaning that the font size and color scheme should be easy to read and not too overwhelming.Thirdly, the website should have a secure payment system. This means that customers should be able to make purchases without having to worry about their credit card information being stolen. In order to achieve this, the website should have an SSL certificate and be PCI compliant.
Finally, the website should have a responsive design. This means that the website should be able to adapt to different screen sizes and be accessible on different devices such as desktops, laptops, tablets, and mobile phones.
This will ensure that customers can access the website from wherever they are and whenever they need to.In conclusion, building an aesthetic website that provides a good shopping experience to customers for an airline company involves several practices such as easy navigation, aesthetically pleasing design, secure payment system, and responsive design. By implementing these practices, an airline company can build a website that customers can trust and enjoy shopping on.
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Rose Berry is attempting to evaluate 2 possible portfolios, which consist of the same 5 assets held in different proportions. She is particularly interested in using beta to compare the risks of the portfolios, so she has gathered the data shown in the following table:
Portfolio Weights
Asset Asset beta Portfolio A Portfolio B
1 1.30 10% 30%
2 .70 30 10
3 1.25 10 20
4 1.10 10 20
5 .90 40 20
Totals 100% 100%
a. Calculate the betas for portfolio A and B
b. Compare the risks of these portfolios to the market as well as to each other. Which portfolio is more risky?
Portfolio B is considered more risky than Portfolio A, based on their respective betas.
To calculate the betas for portfolio A and B, we can use the weighted average of the asset betas.
a. Calculate the betas for portfolio A and B:
Portfolio A Beta = (Weight of Asset 1 * Beta of Asset 1) + (Weight of Asset 2 * Beta of Asset 2) + (Weight of Asset 3 * Beta of Asset 3) + (Weight of Asset 4 * Beta of Asset 4) + (Weight of Asset 5 * Beta of Asset 5)
Portfolio A Beta = (0.10 * 1.30) + (0.30 * 0.70) + (0.10 * 1.25) + (0.10 * 1.10) + (0.40 * 0.90)
Portfolio A Beta = 0.13 + 0.21 + 0.125 + 0.11 + 0.36
Portfolio A Beta = 0.926
Portfolio B Beta = (Weight of Asset 1 * Beta of Asset 1) + (Weight of Asset 2 * Beta of Asset 2) + (Weight of Asset 3 * Beta of Asset 3) + (Weight of Asset 4 * Beta of Asset 4) + (Weight of Asset 5 * Beta of Asset 5)
Portfolio B Beta = (0.30 * 1.30) + (0.10 * 0.70) + (0.20 * 1.25) + (0.20 * 1.10) + (0.20 * 0.90)
Portfolio B Beta = 0.39 + 0.07 + 0.25 + 0.22 + 0.18
Portfolio B Beta = 1.01
b. To compare the risks of these portfolios to the market as well as to each other, use the concept of beta. Beta measures the systematic risk of an asset or a portfolio compared to the overall market.
If the market has a beta of 1, a portfolio with a beta greater than 1 is considered more risky than the market, and a portfolio with a beta less than 1 is considered less risky than the market.
Comparing the betas of the portfolios:
- Portfolio A Beta = 0.926
- Portfolio B Beta = 1.01
Both portfolios have betas greater than 1, indicating that they are more risky than the market. However, portfolio B has a higher beta than portfolio A, suggesting that portfolio B is riskier than portfolio A.
In summary, Portfolio B is considered more risky than Portfolio A, based on their respective betas.
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Recording bond issuance and discount amortization LO P2 Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $109,000 and semiannual interest payments Semiannual Period-End Unamortized Discount Carrying Value (0) January 1, issuance $ 6,913 $ 102,087 (1) June 30, first payment 6,049 102,951 (2) December 31, second payment 5,185 103, 815 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1 (b) The first interest payment on June 30. (c) The second interest payment on December 31 View transaction list Journal entry worksheet 1 2 3 > Record the issuance of the bonds on January 1. Note: Enter debits before credits Debit Credit General Journal Date January 01
The journal entries for the three transactions have been prepared as follows:
Given Data: Par value of bonds = $109,000
Semiannual interest payments = 7%Semiannual Period-End Unamortized Discount:
(0) January 1, issuance $6,913 $102,087 (1) June 30, first payment 6,049 102,951 (2) December 31, second payment 5,185 103,815
Now, it is required to prepare journal entries for the following transactions:
(a) The issuance of bonds on January 1
(b) The first interest payment on June 30.
(c) The second interest payment on December 31.
(a) The issuance of bonds on January 1Debit Credit Cash $102,087 Discount on bonds payable $6,913 Bonds payable $109,000 (b)
The first interest payment on June 30Debit Credit Interest expense $3,817 Discount on bonds payable $233 Cash $4,050 ([$109,000 * 7%]/2) - $6,913 = $3,817
[Discount on bond payable is calculated by subtracting the carrying value from the face value] ($6,913/8) = $866(rounded) [Straight-line amortization of discount]
(c) The second interest payment on December 31Debit Credit Interest expense $3,817 Discount on bonds payable $320 Cash $4,497 ([$109,000 * 7%]/2) - $5,185 = $3,817
[Discount on bond payable is calculated by subtracting the carrying value from the face value] $866 (amortization value) - $546 (1st semi-annual period amortization value) = $320
[Discount on bond payable is reduced from the carrying value]
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E-commerce presents more efficient ways to: Multiple Choice a. reduce the effect of inflation. b. meet customers face-to-face. c. interact with customers. d. find new territory in the Asian market Despite increased cost of compliance, additional corporate governance practice measures are being called for in all but one of the following
a. Making the CEO chair of the board
b. Improved accounting standars
c. Closer monitoring by regulatory bodies
d. Appointing independent board of directors members
The correct answer to the first question is option c. E-commerce presents more efficient ways to interact with customers.
With the rise of online platforms and digital technologies, businesses can engage with their customers in real-time, provide personalized experiences, gather valuable feedback, and offer targeted marketing campaigns. E-commerce enables seamless communication through various channels like chatbots, social media, email, and live chat, fostering direct and efficient interactions between businesses and customers. This allows for faster problem resolution, enhanced customer satisfaction, improved customer loyalty, and ultimately contributes to the growth and success of e-commerce businesses. Regarding the second question, additional corporate governance practices are being called for in all options except option a. Making the CEO chair of the board. Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. While the other options - improved accounting standards, closer monitoring by regulatory bodies, and appointing independent board of directors members - aim to strengthen transparency, accountability, and ethical behavior within organizations, making the CEO chair of the board consolidates power and may compromise the independence and checks-and-balances necessary for effective governance. Therefore, this option does not align with the trend of enhancing corporate governance practices.
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