In my opinion, every single child needs an education.
(1) (2) (3) (PUNC.) (4) (5) (6) (7) (8) (9)
Grammar ⇒ √
A good education teaches children to think critically, communicate effectively, solve problems, and work well in groups. It also prepares children to make positive contributions to society as adults by teaching them the value of being ethical citizens who care about their communities.
What is education?Education is a deliberate activity with specific goals in mind, such as knowledge transmission or the development of skills and character traits.These goals may include increasing comprehension, rationality, kindness, and honesty.Education includes both the act of imparting knowledge to others and receiving knowledge from others.Education can also refer to the knowledge gained through schooling or instruction, as well as the entire teaching institution.A true education is defined as "giving a student enough knowledge to be successful in life after they graduate from high school." The goal of school is to provide students with a true education, but as time passes, the old methods of doing so must as well.To learn more about education, refer to:
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Economist and politicians argue that few policies regarding trade restriction can help to create domestic job, increase GDP and make a domestic economy more competitive globally. Explain what are those strategies that can be used for this purpose?
Trade Protectionism helps to create domestic jobs, increase GDP and make a domestic economy more competitive globally.
What is trade protectionism?Trade protectionism is described as when a country, or occasionally a collection of countries working together as a trade bloc, erects commerce barriers with the express purpose of defending its economy from potential risks associated with global trade.
Strategies that can be used for this purpose are:
Tariffs, which are taxes on imports from other nations and international markets, are one tactic that can be employed for this aim. Here, the government is enforcing the tariff in an effort to limit the importation of products and services from abroad, safeguard its own industries and businesses that produce these things, and increase tax revenues.Quotas are specific limitations on the volume of a given class of goods, commodities, and products that may be allowed to be imported into a country. A particular group of people or businesses are typically granted import licenses in order to comply with this import quota.subsidies: Government payments to domestic producers are known as subsidies. This can take the form of monetary compensation, loans with low or no interest, tax deductions, or government ownership of common stock in domestic corporations.A country may impose local content requirements by establishing a manufacturing standard requiring that a specified part or parts of a product be manufactured domestically in an effort to reduce imports.Administrative trade policies are composed of laws, rules, and regulations that are intended to make it extremely difficult for someone to import goods or commodities into a specific country.Antidumping laws are put in place by a country to stop products from being sold in foreign markets for significantly less than their manufacturing costs in an effort to capture a sizable portion of that market.By reducing the value of a country's currency in the foreign exchange markets, exchange rate controls can be used to lower the price of a country's exports.To know more about Trade Protectionism refer to: https://brainly.com/question/27622280
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What's the definition of user retention and why it is important?
What drives user retention?
Answer:
User retention, sometimes referred to as "cohort retention," is a crucial indicator of the development of SaaS and digital goods. The proportion of first-time users that return in future time periods is determined by looking at those users during a given time period (usually one month or one week).
The numbers of suitcases loaded onto various airplanes are an example of which type of data?
Answer:Volume
I think
Explanation:
Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a num- ber of activities that must be completed before a training program of this nature could be conducted. The activities, immediate pre- decessors, and times appear in the accompanying table: A—2 B—5 C—1 D B 10 E A, D 3 FC6 G E, F 8
Develop an AON network for this problem.
b) What is the critical path?
c) What is the total project completion time?
d) What is the slack time for each individual activity?
The Critical Path is B-D-E-G. See the definition of Critical Path below.
What is the meaning of Critical Path?Critical Path refers to the order of steps that determines the shortest amount of time required for a task.
What is the total project completion time?The Total Project completion time is 34 days. This is derived from the AON Network for the problem. See the attached.
What is an AON Diagram?AON (Activity - on -Node) diagram is a fundamental kind of logic diagram utilized for activity scheduling.
What is the slack time for each individual activity?Slack time is the duration of a job that can be postponed without affecting other tasks or the project's completion deadline.
Hence, the slack time for EACH activity is given as follows:
A : 22-8 = 14
B : 0
C : 34 -19 = 15
D : 0
E : 0
F : 34-19 = 15
G : 0
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A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year the manager signed five new tenants 3 at $795 per month one at $1,200 per month and one at $900 per month what was the total amount of the property managers new tenant commissions for that year?
Commission paid by the building owner to the property Manager for the new tenant is $4575.
What is a Commission?A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.
The calculation for the Commission of Property Manager:
Commission = Total annualised rent x percentage of Commission
= (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%
= 53820 x 8.5% = $4,575
Commission for the property manager = $4,575.
Thus, a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.
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14. All are the reasons for market segmentation except: A. buyers are too numerous B. buyers are too varied in their needs and buying practices C. buyers are too widely scattered by demographics D. capability of companies managerially and financially E. none of the above
The correct option is E). None of the above as rest of the options are reasons for market segmentation.
What is market segmentation?Market segmentation refers to process of dividing the broad market into sub groups on the basis of needs, priorities, common interest etc.
The main elements of the market segmentation are demographic, psychographic, behavioral, geographic, and firmographic segmentation.
Market segmentation allows to target the specific audience rather than targeting entire audience.
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Calculate costs of goods sold for Day Company
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
What is the cost of goods sold?The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
Data and Calculations:Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best. However, things do change, and the plans and the product mix stated in the plan may become outdated making the strategy of the company less efficient to reach its goals. Technological risks may also render the product mix out of date. With the dynamism of technology other efficient products may come to the market making rendering the product mix obsolete.
Would risk retention be a good strategy for this company? Why or why not?
Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.
What is product mix?Product mix is the total number of products sell by the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.
Thus, Risk retention is good for the company as the good has the better strategies
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in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?
Moral hazards are the insurance Dishonest tendencies that increase the probability of loss.
What is a moral hazard?This is a term that is used to refer to a type of hazard that happens based on the fact that person has risks that could have a negative effect on another.
When the person does not ,make decisions based on what is right but rather on what they hope to give them the greatest benefit.
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Replacement value is the amount company has to spend to acquire the same asset in the existing condition. True/false
Answer:
False
Explanation:
Replacement value is the amount company has to spend to acquire the same asset in the brand-new conditions.
The above question instead mentions of acquiring assets in the existing conditions, so the statement given above is false.
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False, the cost to replace a critical asset, such as a piece of real estate, investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost. A replacement cost, which is often referred to as "replacement value,"
More about replacement value-
A replacement cost may change depending on elements including the market price of the parts required to rebuild or repurchase the asset and the costs associated with getting assets ready for usage.Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Replacement valuation is the process of determining a replacement cost.To learn more about replacement value, refer to-
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McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?
The implicit interest based on the information given is $165.
How to calculate the interest?It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
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Step 1: Read each section of the scenario on your own. a) If you have questions about how to complete this assignment, ask your teacher for assistance. b) If you need help understanding any of the terms or equations used in the scenarios and questions, ask your teacher for assistance. Step 2: Participate in a group discussion to answer the questions in each section. a) Meet with your assigned group to discuss the questions for each scenario. b) Remember to take notes and follow the rules for group discussions. c) Use your notes from the discussion to answer the questions. Step 3: Use this checklist to evaluate your project. If you can check each box below, you are ready to submit your project. Did you read each scenario carefully? Did you participate in the group discussion? Did you take notes during the discussion? Did you support your ideas with facts and details from the scenarios? Did you use your notes from the discussion to answer the questions? Is your worksheet free of errors in spelling and grammar
Explanation:
yeshggfebbm9ktudzhgyi
of the construction in the United States is done with public money.
S
Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average meth-
costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of
in the Cleaning Department during July are presented below:
Work in process inventory, July 1
Work in process inventory, July 31
Pounds of
Salmon
31,000
19,000
Equivalent units of production
Percent Completed
Labor and
Materials
Materials. Overhead
100%
100%
A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the begin
in the Cleaning Department.
Required:
Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the
59%
80%
Labor and
Overhead
The equivalent unit of production for materials would be 5,10,000 and for labor & overhead would be 4,93,490.
What is an equivalent unit of production?An equivalent unit of production is the amount of work done by a manufacturer on the units of output that are partially completed at the end of an accounting period.
Solution:-
Material Labor & overhead
Work in process, July 1
31,000* 100% 31,000
31,000* 59% 18,290
Units started and completed 460,000 460,000
Work in process, July 31
19,000* 100% 19,000
19,000* 80% 15,200
Equivalent unit of production 5,10,000 4,93,490
For calculating equivalent unit of production, multiply the number of physical items by the percentage of the work done on them.
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The conventional retail inventory method is based on
Answer:
the relationship between a product's cost and its retail price. This method is used by businesses to get an idea of the cost of goods they have on-hand at the end of a particular reporting period.
Explanation:
Answer:
the relationship between a product's cost and its retail price
What is a pain point of operations as a Freelancer that Fiverr helps alleviate?
The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
What are financial constrain?This is known to be when a person or firm lacks money to run their basic activities.
Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
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3 The stagnation stage of the life cycle of a resort is often characterized by the increasing cost of public services and the lowering of the ‘quality of life’ for many residents.
Describe this situation from the viewpoint of (i) older residents living in the community, many of whom are ‘incomers’ from industrial cities in other parts of the country and (ii) a well-educated middle class couple with young children, who are staying
in the resort for their main holiday.
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Smiley Corporation's current sales and partial balance sheet are shown below.
This year
Sales $ 10,000
Balance Sheet: Liabilities
Accounts payable $ 1,500
Notes payable $ 3,000
Accruals $ 1,400
Total current liabilities $ 5,900
Long-term bonds $ 2,000
Total liabilities $ 7,900
Common stock $ 1,500
Retained earnings $ 2,000
Total common equity $ 3,500
Total liabilities & equity $ 11,400
Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.
Based on the balance sheet of Smiley Corporation, the projected spontaneous liabilities is $3,306.
What Smiley Corporation's projected spontaneous liabilities?This can be found as:
= (1 + Growth in sales) x (Accounts payable + Accruals)
Solving gives:
= (1 + 14%) x (1,500 + 1,400)
= 1.14 x 2,900
= $3,306
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How do you think something like the WTO can impact State Sovereignty, if at all?
To what degree a state's Legal Sovereignty is affected by its participation in the World Trade Organization depends on whether we adopt a "revocability-based conception" or a "veto-based conception" of state sovereignty. This is further explained below.
What is Sovereignty?Generally, Sovereignty is simply defined as the power of a state to exert control over itself or over another nation.
In conclusion, Whether or not WTO participation impacts Legal Sovereignty of a state is contingent on whether we use a "revocability-based conception" or a "veto-based conception" of state sovereignty.
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Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plans to help them make decisions. Which of the following activities would help engineers get in touch with their left brains? Check all that apply.
The activities that would help engineers to get in touch with their left brains are:
Have the engineer set goals for attaining their tasksWhat does the left part of the brain do?This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.
The engineer would be have to get in touch with their left brains through the setting of goals.
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a). Write the journal entries to correct the following errors. (1) Rent Received Kshs. 430,000 have been credited to the Commissions Received account. (2) Bank charges Kshs. 34,000 have been debited to the Business Rates account. (3) Completely omitted from the books is a payment of Motor Expenses by cheque Kshs. 37,000. (4) A purchase of a fax machine Kshs. 242,000 has been entered in the Purchases account. (5) Returns inwards Kshs. 216,000 has been entered on the debit side of the Returns Outwards account. (6) A loan from G Bain Kshs. 2,000,000 has been entered on the credit side of the Capital account. (7) Loan interest of Kshs. 400,000 has been debited to the Van account. (8) Goods taken for own use Kshs. 84,000 have been debited to the Purchases account and credited to drawings. (10 Marks)
The journal entries to correct the errors are as follows:
Journal Entries:(1) Debit Commission Received Account Kshs. 430,000
Credit Rent Received Account Kshs. 430,000
To reverse the credit to the wrong account.(2) Debit Bank charges Kshs. 34,000
Credit Business Rates account Kshs. 34,000
To reverse the debit to the wrong account.(3) Debit Motor Expenses Kshs. 37,000
Credit Bank Account Kshs. 37,000
To record the payment.(4) Debit Equipment (Fax Machine) Kshs. 242,000
Credit Purchases account Kshs. 242,000
To reverse the debit to the wrong account.(5) Debit Returns Inwards Account Kshs. 216,000
Credit Returns Outwards Account Kshs. 216,000
To reverse the debit to the wrong account.(6) Debit Capital Account Kshs. 2,000,000
Credit Loan, G Bain Kshs. 2,000,000
To reverse the debit to the wrong account.(7) Debit Loan Interest Kshs. 400,000
Credit Van Account Kshs. 400,000
To reverse the debit to the wrong account.(8) Debit Drawings Kshs. 168,000
Credit Purchases account Kshs. 84,000
Credit Inventory Kshs. 84,000
To reverse the debit to the wrong account.Transaction Analysis:(1) Commission Received Account Kshs. 430,000 Rent Received
Account Kshs. 430,000
(2) Bank charges Kshs. 34,000 Business Rates account Kshs. 34,000
(3) Motor Expenses Kshs. 37,000 Bank Account Kshs. 37,000
(4) Equipment (Fax Machine) Kshs. 242,000 Purchases account Kshs. 242,000
(5) Returns Inwards Account Kshs. 216,000 Returns Outwards Account Kshs. 216,000
(6) Capital Account Kshs. 2,000,000 Loan, G Bain Kshs. 2,000,000
(7) Loan Interest Kshs. 400,000 Van Account Kshs. 400,000
(8) Drawings Kshs. 168,000 Purchases account Kshs. 84,000 Inventory Kshs. 84,000
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Consider a business in your neighborhood that you frequent and that you believe is particularly innovative in spite of the products or services themselves not being particularly high-tech. Using the definitions and notions from the text, explain what it is about the business and its operation that you believe makes it innovative?
Instruction: Each of the following passages contains a single argument. 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately. 3. use the standard form of writing arguments premises first and concl usion last by using the letters "p" and "C" 4. which of these passages lack indicators, show us $. 28. 333 10. X X X X X X X X X X X X X X X X X X X X X X X X X X 1 "Abortion is wrong because all human life is sacred."2 "We must reduce the amount of money we spend on space explorati on. Right now, the enemy is launching a massive military buildup, an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength." 3 We must give up some privacy in the name of security. If the homeland is not secure, terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores. No amount of privacy is worth enduring an attac k like this. It really does matter if you get enough sleep. We need sleep to think clearl y, react quickly, and create memories. Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep. Other research suggests that sleep is needed for creative problem solving (U.S. Na tional institutes of Health, "Your Guide to Healthy Sleep") Women of the working class, especially wage workers, should not have mo re than two children at most. The average working man can support no m ore and the average working woman can take care of no more in decentia shion. (Margaret Sanger, Family Limitations) It's flu season and you work with kids, SO you should get a flu shot. "John will probably receive the next promotion SINCE he's been here the lon gest." Instruction : Each of the following passages contains a single argument . 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately . 3. use the standard form of writing arguments premises first and concl usion last by using the letters " p " and " C " 4. which of these passages lack indicators , show us $ . 28 . 333 10 . X X X X X X X X X X X X X X X X X X X X X X X X X X " Abortion is wrong because all human life is sacred . " " We must reduce the amount of money we spend on space explorati on . Right now , the enemy is launching a massive military buildup , an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength . " We must give up some privacy in the name of security . If the homeland is not secure , terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores . No amount of privacy is worth enduring an attac k like this . It really does matter if you get enough sleep . We need sleep to think clearl y , react quickly , and create memories . Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep . Other research suggests that sleep is needed for creative problem solving ( U.S. Na tional institutes of Health , " Your Guide to Healthy Sleep " ) Women of the working class , especially wage workers , should not have mo re than two children at most . The average working man can support no m ore and the average working woman can take care of no more in decentia shion . ( Margaret Sanger , Family Limitations ) It's flu season and you work with kids , SO you should get a flu shot . " John will probably receive the next promotion SINCE he's been here the lon gest . "
The argument in each of the passage is life is precious. Hence, the whole passage hammers the importance of life. Read below on each premise and the conclusions made on them.
What are the premises and conclusion to back the argument?The premises are marked P and the conclusion are marked C. Read below;
P: Abortion; C: all human life is sacredP: wise spending; C: space exploration is inimicalP: warfare; C: improve the armyP: Privacy; C: embrace communalismP: Rest; C: sound healthP: Family planning; C: efficiency in family careP: flu outbreak; C: proactive responseP: Long service worker; C: promotionTherefore, the correct answers are given above.
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The element of control is………..
a.
Letting the staff to do on their own
b.
Setting goals
c.
Allocating resources
d.
Benchmarking against what is planned
e.
Setting the objectives
The element of control is Setting goals.
What is control in management?
This is the branch of management that is involved in checking for errors in order to take good measures to ensure that the system is working well.
Control helps to establish the standards that would help to ensure that the organization is able to meet with its set goals.
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define the income elasticity of demand
Answer:
Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.
how do we advice company on how to support each of it`s S.B.U
how to write an effective persuasive claims and complaints message
An effective persuasive claims and complaints system starts with a real compliment, a factual description of the issue, or a point of agreement.
What are the Complaint messages?A complaint message is a message that details damage, defects, or blunders that occurred with the given items and requests reimbursement.
Thus, an effective complaints message starts with a real compliment, a factual description of the issue, or a point of agreement.
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QUESTION 5 4 points Save A Prepare journal entries to record the following business transaction and related adjusting entry. A. January 12, purchased supplies for cash, to be used all year, $3,850 B. December 31, physical count of remaining supplies, $800 For the toolbar, press ALT+F10 (PC) or ALT+EN÷E10. (Mac)
Following are the required Journal entries which have to be passed:
Date Account Titles Debit Credit
12-Jan Supplies $3,850
To Cash $3,850
Narration: (Being supplies purchased for cash)
31-Dec Supplies Expense $3,050
To Supplies $3,050
Narration: (Being adjusting entry passed for supplies used ($3,850-$800)
What are adjusting Entries?Adjusting entries are a group of journal entries made after the accounting period to update and accurately reflect the balances of all the accounts. Applying the accrual foundation of accounting just through adjusting entries.
Thus, the following mentioned above journals are required to be passed along with that adjusting entry. please find the attachment of the required journal entry.
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You have been provided with the following summarized accounts of Golden Times Ltd. For the year ended 31 March 2000:
Balance sheet as at 31 March 2000
Sh. Sh. Sh.
Fixed Assets:
Freehold property (Net Book Value) 480,000
Plant and machinery (Net Book Value) 800,000
Motor Vehicle (Net Book Value) 200,000
Furniture and fittings (Net Book Value)
1,680,000
Current Assets:
Stocks 1,000,000
Debtors 400,000
Investments
Current Liabilities:
Trade creditors 338,400
Bank overdraft 878,400
Corporation tax 176,000
Dividends payable
Financed by:
Authorized share capital – 800,000
Sh. 1 ordinary shares
Issued and fully paid: 400,000 Sh.1 400,000
Ordinary shares
Capital reserve 200,000
Revenue reserve 800,000
Loan capital: 400,000 10% Sh. 1 Debentures
Profit and loss account for the year ended 31 March 2000
Sh.
Sales (credit)
Profit after charging all expenses except interest on 440,000
debentures
Less: Debenture interest 400,000
Profit before tax
Corporation tax 224,000
Less: ordinary dividend proposed
Retained profit transferred to revenue reserve
The following additional information was available:
1. The purchases for the year were Sh. 2,160,000 while the cost of sales was Sh.3,000,000.
2. The market price for Golden Times Ltd. Ordinary shares as at 31 March 2000 was Sh. 5.
3. The company estimates the current value of its freehold property at Sh.1,100,000
Required:
Compute the following ratios for Golden Times Ltd:
(i) Return on capital employed.
(ii) The profit margin
(iii) The turnover of capital
(iv) Current ratio;
(v) Liquid ratio
(vi) Number of days accounts receivable are outstanding;
(vii) Proprietary ratio;
(viii) Stock turnover ratio;
(ix) Dividend yield ratio;
(x) Price earnings ratio
The computation of the following financial ratios for Golden Times Ltd is as follows:
(i) Return on capital employed:= Profit after tax/Total assets - current liabilities x 100
= 12.44% (Sh 224,000/ Sh 1,800,000) x 100
(ii) The profit margin:= Profit after tax/Sales revenue x 100
= 5.6% (Sh 224,000/Sh 4,000,000 x 100)
(iii) The turnover of capital:= Sales Revenue/Equity
= 2.86 x (Sh 4,000,000/Sh 1,400,000
(iv) Current ratio:= Current Assets/Current Liabilities
= 1.09 (Sh 1,520,000/Sh 1,400,000)
(v) Liquid ratio:= Current Assets less Stocks /Current Liabilities
= 0.37 (Sh 1,520,000 - Sh 1,000,000/Sh 1,400,000)
(vi) Number of days accounts receivable are outstanding:= Average Accounts Receivable/Sales Revenue x 365
= (Sh. 400,000/Sh. 4,000,000 x 365
= 36.5 days
(vii) Proprietary ratio:= Shareholders equity/Total assets x 100
= 43.75% (Sh. 1,400,000/Sh. 3,200,000)
(viii) Stock turnover ratio:= Cost of goods sold / Average stock
= 2.11 x (Sh. 3,000,000/Sh. 1,420,000)
(ix) Dividend yield ratio:= Dividend per share/Price per share
= 5.36% (Sh. 0.268/Sh.5 x 100)
(x) Price earnings ratio:= Market price per share/Earnings per share
= 8.93x (Sh. 5/Sh. 0.56)
Data and Calculations:Golden Times Ltd
Balance sheetAs at 31 March 2000
Sh. Sh. Sh.
Fixed Assets:
Freehold property (Net Book Value) 480,000
Plant and machinery (Net Book Value) 800,000
Motor Vehicle (Net Book Value) 200,000
Furniture and fittings (Net Book Value) 200,000
1,680,000
Current Assets:
Stocks 1,000,000
Debtors 400,000
Investments 120,000
1,520,000
Current Liabilities:
Trade creditors 338,400
Bank overdraft 878,400
Corporation tax 176,000
Dividends payable 107,200 1,400,000 120,000
1,800,000
Financed by:
Authorized share capital – 800,000
Sh. 1 ordinary shares
Issued and fully paid: 400,000 Sh.1 400,000
Ordinary shares
Capital reserve 200,000
Revenue reserve 800,000
Loan capital: 400,000 10% Sh. 1 Debentures 400,000
1,800,000
Golden Times Ltd
Profit and loss accountFor the year ended 31 March 2000
Sh.
Sales (credit) 4,000,000
Profit after charging all expenses except interest on 440,000
debentures
Less: Debenture interest (40,000)
Profit before tax 400,000
Corporation tax 176,000
Profit after tax 224,000
Less: Ordinary dividend proposed (107,200)
Retained profit transferred to revenue reserve 116,800
Beginning stock = Sh. 1,840,000 (Sh. 3,000,000 + 1,000,000 - 2,160,000)
Average stock = Sh. 1,420,000 (Sh. 1840,000 + Sh. 1,000,000)/2
Dividend per share = Sh. 0.268 (Sh 107,200/400,000)
Earnings per share = Sh. 0.56 (Sh. 224,000/400,000)
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Real GDP takes into account the effect of any price increases (inflation) and adjust for it. Nominal GDP doesn't adjust for inflation (price increases). True or false
This statement on the difference between Real GDP and Nominal GDP is True.
How is nominal GDP different from Real GDP?Nominal GDP refers to the final value of goods and services in a country and it is calculated using current prices in the market.
Real GDP on the other hand, takes Nominal GDP and adjusts its for inflation to see the effects of price changes on production.
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