The company's annual ordering cost is approximately BD 212.71. By minimizing the annual ordering cost, companies can improve their overall efficiency and profitability.
The company's annual ordering cost can be determined by considering the annual requirements, ordering cost, and holding cost. With an annual requirement of 7500 units, an ordering cost of BD 12, and a holding cost of BD 0.5, we can calculate the annual ordering cost using the economic order quantity (EOQ) formula.
The EOQ formula takes into account the trade-off between ordering costs and holding costs to determine the optimal order quantity that minimizes the total cost of inventory management. The formula is as follows:
EOQ = √((2 * Annual Requirements * Ordering Cost) / Holding Cost)
Let's calculate the EOQ using the provided data:
EOQ = √((2 * 7500 * 12) / 0.5) ≈ √(180,000) ≈ 424.26
The EOQ represents the optimal order quantity for the company. To calculate the annual ordering cost, we divide the annual requirements by the EOQ and multiply it by the ordering cost per order:
Annual Ordering Cost = (Annual Requirements / EOQ) * Ordering Cost
Annual Ordering Cost = (7500 / 424.26) * 12 ≈ 212.71
Therefore, the company's annual ordering cost is approximately BD 212.71.
By calculating the annual ordering cost, the company can make informed decisions about the frequency of placing orders and the optimal order quantity to minimize costs associated with inventory management. In this case, with an annual requirement of 7500 units, an ordering cost of BD 12, and a holding cost of BD 0.5, the company would incur an annual ordering cost of approximately BD 212.71.
It is essential for businesses to consider these costs and find a balance between ordering costs and holding costs to optimize their inventory management practices. By minimizing the annual ordering cost, companies can improve their overall efficiency and profitability.
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When a portfolio has a known future date for a particular outlay to occur, it is most likely that ___________ will be used by the portfolio manager as part of their immunisation strategy.
a. Net Worth Immunisation
b. Classical Immunisation
c. Tools of Immunisation
d. Contingent Immunisation
e. Target Date Immunisation
When a portfolio has a known future date for a particular outlay to occur, it is most likely that the Target Date Immunization will be used by the portfolio manager as part of their immunization strategy.
Target date immunization is a financial strategy in which an investor has a set target date for the money to be spent. Target date funds (TDFs) are mutual funds that automatically adjust the asset allocation over time as the target date approaches. The asset allocation changes as a result of a glide path that is predefined.When a portfolio has a known future date for a particular outlay to occur, it is most likely that the portfolio manager will use target date immunization as part of their immunization strategy. The manager will set the asset allocation of the portfolio to match the target date. The manager may utilize stocks, bonds, and other investment products to achieve the desired asset allocation. They will rebalance the portfolio on a regular basis as the target date approaches to ensure that it remains in line with the desired allocation.The portfolio manager's goal is to immunize the portfolio against interest rate risk. They aim to ensure that the portfolio has enough funds to meet the target date's requirements while avoiding any substantial losses due to interest rate changes. As a result, immunization of the portfolio with target date immunization protects against interest rate risk.
Target date immunization is a financial strategy in which an investor has a set target date for the money to be spent. When a portfolio has a known future date for a particular outlay to occur, it is most likely that the portfolio manager will use target date immunization as part of their immunization strategy. Immunization of the portfolio with target date immunization protects against interest rate risk.
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How are Private Procurement Partnership (PPP). contracts
managed?
Private Procurement Partnerships (PPP) contracts are typically managed through a collaborative approach between the public and private sector entities involved in the project.
The management of PPP contracts involves several key activities to ensure successful implementation and operation of the project.
Contract Monitoring: A dedicated team is responsible for monitoring the performance of the private partner in delivering the agreed-upon services and meeting the contractual obligations. This includes regular performance reviews, site visits, and data analysis to assess compliance and address any issues or discrepancies.
Performance Management: Performance indicators and benchmarks are established to measure the performance of the private partner against agreed-upon targets. This allows for the evaluation of the partner's performance and enables corrective actions or incentives to be implemented as needed.
Risk Management: PPP contracts involve a range of risks, including financial, operational, and legal risks. Effective risk management strategies are employed to identify, assess, mitigate, and monitor these risks throughout the contract duration.
Stakeholder Engagement: Engaging relevant stakeholders, including government agencies, project users, and the general public, is crucial for the successful management of PPP contracts. Regular communication and consultation foster transparency, address concerns, and ensure the project aligns with stakeholder expectations.
Dispute Resolution: PPP contracts often include mechanisms for resolving disputes between the public and private partners. These mechanisms may involve negotiation, mediation, or arbitration to reach mutually acceptable resolutions.
Contract Amendments and Renegotiations: Over the course of a PPP contract, changes in circumstances or project requirements may necessitate contract amendments or renegotiations. This requires careful assessment and negotiation to ensure the contract remains aligned with the evolving needs and objectives.
Effective management of PPP contracts relies on clear contractual agreements, robust monitoring systems, stakeholder collaboration, and proactive risk management. The aim is to achieve value for money, maintain service quality, and ensure the successful delivery of public infrastructure or services through the partnership between the public and private sectors.
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Season closures ___ the cost of fishing effort. This ___ fish stock levels and ___ the profitability of the industry. The main management system New Zealand uses to manage its commercial fishery is the ___
Season closures limit the cost of fishing effort. This sustains fish stock levels and improves the profitability of the industry. The main management system New Zealand uses to manage its commercial fishery is the Quota Management System (QMS).
Fishery management is the method of making a decision to protect fish populations for the long term, preserving the fishing industry and maintaining ecosystem productivity. To maintain a balance between environmental conservation and the needs of the fishing industry, various regulations have been put in place. Season closures limit the cost of fishing effort, helping sustain fish stock levels and profitability of the industry. When fishery resources are scarce, the government often introduces seasonal closures on fishing in an attempt to manage the situation and prevent further decline.
This helps fish populations to grow and reproduce, leading to an increase in the abundance of fish. This provides a larger yield when the fishing grounds are reopened. New Zealand's main management system used to manage its commercial fishery is the Quota Management System (QMS). The system is used to allocate a quota for different species, allowing fishermen to catch a specified amount. Fisheries are monitored to ensure that the quotas allocated are not exceeded. The QMS has been successful in regulating the industry, providing a sustainable fishery for future generations.
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If you were managing countries with high growth, large market, and a well-trained workforce, you would be referring to the: ASEAN BRICS PIIGS
If you were managing countries with high growth, large market, and a well-trained workforce, you would be referring to the BRICS countries.
BRICS stands for Brazil, Russia, India, China, and South Africa, which are considered emerging economies with significant economic potential, sizable populations, and a skilled labor force. These countries have been recognized for their rapid economic growth, expanding consumer markets, and investments in education and workforce development. They often attract attention as attractive destinations for business and investment opportunities due to their favorable demographic and economic indicators.
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Which statement is false?
If you expect interest rates to rise, you would prefer a fixed-rate over a variable-rate mortgage.
You are likely to be charged a lower interest rate on an insured mortgage than a conventional mortgage.
On-reserve land is often the property of the First Nation, thus individuals can only mortgage and own the home.
The premium on CMHC mortgage loan insurance is maxed at 4.5% for traditional down payments.
The statement that is false is: The premium on CMHC mortgage loan insurance is maxed at 4.5% for traditional down payments.
The premium on CMHC (Canada Mortgage and Housing Corporation) mortgage loan insurance is not capped at 4.5% for traditional down payments. The premium rates for CMHC mortgage loan insurance can vary depending on various factors, including the down payment amount and the loan-to-value ratio.
The premium rates charged by CMHC are based on a sliding scale, where a higher down payment results in a lower premium rate. Generally, the higher the down payment, the lower the premium rate.
The specific premium rates for CMHC mortgage loan insurance can be obtained from CMHC's official website or by contacting CMHC directly. It is important to refer to the official information provided by CMHC to determine the accurate premium rates.
The false statement is: The premium on CMHC mortgage loan insurance is maxed at 4.5% for traditional down payments. The premium rates for CMHC mortgage loan insurance are not capped at 4.5% and can vary based on factors such as the down payment amount and the loan-to-value ratio.
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After looking at the sample professionally developed
resume. what are your thoughts? For example, did the
enrollment in various university studies and courses make sense at
the time they were taken?
The question asks for personal thoughts and opinions regarding a professionally developed resume after analyzing the different university studies and courses taken by the writer.
Acknowledging the writer's strengths, weaknesses and educational history before commenting on the individual's skillset and professional career is vitalr. Explanation:After looking at the sample professionally developed resume, it is evident that the writer has taken significant steps towards improving their academic and professional life. The writer has attended various universities and institutions, such as the University of Maryland and Harvard, to pursue different courses such as Business Administration, Public Relations, and Law.
Enrolling in different university studies and courses makes sense as it gives the writer different perspectives and knowledge to improve their skill set. However, it is essential to analyze the writer's objectives and the relevance of the courses to their career before commenting on the same. It is also essential to consider the different practical skills the writer has learned and implemented from these studies. Overall, the sample professionally developed resume shows the writer has acquired an excellent educational background with relevant courses in their field of interest, which is essential for a successful professional career.
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HISTORY OF STOCK MARKET CRISISES ASSIGNMENT
DUE DATE: OUT OF: 10 STRAND:TBA
REQUIRED: to research and write at least a one-page history reflection on two stock market crises (at least 2 pages of written material). Your history reflection shall include the Who, When, What, Where, Why, How and how to possibly fix the issues that arose.
After you shall write a personal reflection on what you learned completing this assignment and how it may help you in the future.
Your report shall also be properly referenced using MLA. A cover page is required with your name, student number, and proper course code.
Crises to investigate include, but not limited to:
a. Dutch Tulip bubble 1634-1637
b. Stock Market Crash 1929
c. Financial Crisis of 2007-2008 .
d. Black Monday of October 1987 .
e. Dot Com bubble from 1995-2001
Assessment: you are being assessed out of 10 based on spelling and grammar, having all required items, nicely bound before submission, submitted at the beginning of class on the due and high quality of content.
Even though Amsterdam hosted the world's first stock exchange in 1611, America didn't join the fray until the late 1700s. The Philadelphia Stock Exchange was America's first stock exchange, despite the fact that the Buttonwood dealers are credited with creating the country's largest stock market.
The 1929 Great Depression, Black Monday in 1987, the 2001 dotcom bubble burst, the 2008 financial crisis, and the 2020 COVID-19 pandemic all saw notable stock market falls.
NSE started operating on June 30, 1994, with the launch of the wholesale debt market (WDM) segment and the launch of the equities segment on November 3, 1994. The electronic trading facility was initially introduced by this exchange in India. The daily turnover on the NSE increased within a year of the company's operations.
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Employee drug and alcohol dependencies are considered to be?
cause for immediate dismissal
a designated group protected by the Employment Equity Act
disabilities covered under the AODA legislation
beyond the point of undue hardship
problems that workers need to address on their own
Employee drug and alcohol dependencies are not considered problems that workers need to address on their own. Instead, they are typically approached as issues that require support, intervention, and appropriate workplace policies. While the specific handling of drug and alcohol dependencies may vary depending on local laws and company policies, they are generally recognized as health concerns that may impact job performance, safety, and overall well-being.
In some cases, drug and alcohol dependencies can be grounds for immediate dismissal, especially if they significantly impair an employee's ability to perform their job duties or pose a risk to themselves, coworkers, or the organization. However, it is important to note that in many jurisdictions, the focus is shifting towards providing assistance, treatment, and support for employees struggling with substance abuse.
Furthermore, employee drug and alcohol dependencies may be considered as disabilities covered under legislation such as the Americans with Disabilities Act (ADA) in the United States or the Human Rights Codes in Canada. These laws protect individuals with disabilities from discrimination and require employers to provide reasonable accommodations, such as rehabilitation programs or modified work arrangements, unless they would cause undue hardship.
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The following information was available to reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2020 a. After all posting was completed on October 31, th
To reconcile Montrose Company's book balance of Cash with its bank statement balance, adjustments need to be made for outstanding checks, unrecorded checks and deposits, accounting errors, bank transactions not recorded, and bank service charges. After making these adjustments, the adjusted book balance should match the bank statement balance, ensuring the accuracy and completeness of the company's cash records.
To reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2017, we need to consider the following information:
a. Book balance of Cash on October 31: $13,219 debit.
b. Outstanding checks from September:
Check #296: $1,334
Check #307: $12,754
Bank statement balance reconciliation: $29,355
Check #307 was returned with the October canceled checks, but check #296 was not. Additionally, check #315 for $893 and check #321 for $2,000, both written in October, were not among the canceled checks returned with the statement.
c. Accounting error:
Check #320 for October rent was correctly written for $4,000 but erroneously entered in the accounting records as $4,900.
d. Bank transactions not recorded by Montrose:
Credit memo for an electronic fund transfer related to a customer payment: $21,400
Bank service charge: $120
e. Bounced check:
NSF check from customer Jefferson Tyler: $3,202, plus NSF charge: $49
f. Unrecorded bank service charge: $74
g. Unrecorded cash deposit:
October 31 cash receipts deposited in the bank's night depository: $6,856
To reconcile the book and bank balances, we need to adjust the book balance based on the information provided. Once all adjustments are made, the adjusted book balance should match the bank statement balance.
The correct question should be :
The following information was available to reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2017:
a. After all posting was completed on October 31, the company's Cash account had a $13,219 debit
b. Cheques #296 for $1,334 and #307 for S 12,754 were outstanding on the September 30 bank balance, but its bank statement showed a $29.355 balance reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found tnat cheque #315 for S893 and cheque #321 for S2.000, both written in October were not among the cancelled cheques returned with the statement.
c. In comparing the cancelled cheques returmed by the bank wit the entries in the accounting records , it was found that cheque #320 for the October rent was correctly written for S4,0g0 but was erroneously entered in the accounting records as $4,900
d. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $21.400. A $120 bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement.
e. A debit memo for $3,251 listed a S3,202 NSF cheque plus a $49 NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement.
f. Also enclosed with the statement was a $74 debit memo for bank services. It had not been recorded because no previous notification had been received.
g. The October 31 cash receipts, S6,856, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the bank statement.
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Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $11,500 at t = 0. Project S has an expected life of 2 years with after-tax cash inflows of $5,800 and $7,700 at the end of Years 1 and 2, respectively. Project L has an expected life of 4 years with after-tax cash inflows of $4,136 at the end of each of the next 4 years. Each project has a WACC of 9.25%, and Project S can be repeated with no changes in its cash flows. The controller prefers Project S, but the CFO prefers Project L. How much value will the firm gain or lose if Project L is selected over Project S, i.e., what is the value of NPVL- NPVS? a. $1,233.88 b. $732.85 c. $955.61 d. $1,472.71 e. $1,348.02
To determine the value gained or lost by selecting Project L over Project S, we need to calculate the net present value (NPV) of each project and then compare them. the value of NPVL - NPVS is approximately $885.43.
To clarify, the value in question refers to the difference in net present value (NPV) between Project L and Project S. In the previous calculation, the value of NPVL - NPVS was found to be approximately $885.43. This indicates that if Project L is chosen over Project S, the firm would gain an additional value of $885.43., the value is approximately $885.43. This means that the firm would gain $885.43 by choosing Project L instead of Project S.
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Consider a British pound-U.S. dollar dual currency bonds that pay £581.40 at maturity per $1,000 of par value. If at maturity, the exchange rate is $1.80 = £1.00, Multiple Choice : you should insist on getting paid in dollars. it is an advantageous situation for investors holding this bond. it is a disadvantageous situation for the issuer of the bond. investors holding this bond are better off for the exchange rate and the issuer of the bond is worse off for the exchange rate.
**The correct answer is "investors holding this bond are better off for the exchange rate and the issuer of the bond is worse off for the exchange rate."**
In this scenario, the exchange rate at maturity is $1.80 = £1.00. The bond pays £581.40 per $1,000 of par value, which means if an investor holds this bond, they will receive £581.40 for each $1,000 at maturity. With the exchange rate of $1.80 = £1.00, the investor will receive more dollars for each pound, resulting in a favorable exchange rate for them.
Therefore, investors holding this bond benefit from the exchange rate because they receive a higher amount in dollars when converting the pounds they receive at maturity. On the other hand, the issuer of the bond will need to pay more dollars to fulfill the bond's obligation due to the favorable exchange rate, which puts them at a disadvantageous position.
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I've derived foreign export supply function and home import demand function in world market, but I'm stuck at solving the others. Can I get some detailed step-by-step explanations? Demand and supply in Foreign and Home market are characterized by the following functions, D* = 30 - P*, S* = 2P*, D = 120 - P, and S = P where D, D*, S, and S* represent Home and Foreign demand and supply functions for a product called X, respectively, with P and P* denoting the local price of product X in Home and Foreign market, respectively. Calculate the free trade price of product X, together with the number of product X traded between Foreign and Home market at that free trade price. Free trade price = - # of product X traded Derivation: Now, Home government considers imposing a specific tariff of t (per unit) on imports. Derive the price of X in the world market and the amount of imports as functions of t. The price of X in the world market = The amount of X imports = Derivation:
The cost of X on the international market and the quantity of imports as functions of t with the tariff (t) are 40 + t, and the quantity of imports for good X with the tariff (t) is 40 + t.
The calculation is as follows:
Cost of X on the International Market:
In a free trade situation, the equilibrium between domestic demand (D) and foreign supply (S*) determines the price of good X on the global market. To find the price (P), set the amount given (S*) to the quantity required (D).
The formula is 2P* = 120 - P.
Calculate P as follows: 3P = 120 P = 40
As a result, 40 is the cost of product X on the global market under a free-trade scenario.
Number of X Imports ,functions Subtract domestic supply (S) from demand (D) to determine the amount of imports.
The formula is D - S = D - P.
Put the value of P from step 1 in its place: D - S = D - 40
Streamline: S = 40. Therefore, the amount of imports for product X with the specific tariff (t) is 40 + t.
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Discuss the role of securitization in the global financial crisis (GFC) ?2007-2008 (Word counts: 200-350 words)
Securitization played a significant role in the global financial crisis (GFC) of 2007-2008. The securitization of subprime mortgages, coupled with lax lending standards and the complexity of securitized products, led to a housing bubble and widespread financial instability when borrowers defaulted on their mortgages. The crisis underscored the need for transparency, risk assessment, and regulation in the securitization market.
Securitization is a process of pooling assets such as mortgage loans, auto loans, and credit card debt, into a single security that is sold to investors. The cash flows generated by the underlying assets are used to pay back the investors who hold the security. The process of securitization was a key factor in the global financial crisis (GFC) that occurred in 2007-2008.
Role of securitization in the global financial crisis: The securitization process enabled banks to reduce their exposure to credit risk by transferring it to other parties. Banks would originate mortgage loans and then sell them to investors in the form of mortgage-backed securities (MBS). This allowed banks to earn fees from originating the loans without having to worry about the credit risk associated with them.The securitization process made it easier for borrowers to obtain credit as banks no longer had to hold the loans on their balance sheets. This led to a significant increase in subprime mortgage lending, which contributed to the housing bubble in the US.The securitization process also led to a lack of transparency in the financial system. Investors who purchased MBS often had little information about the underlying assets that were used to create the securities. This lack of transparency made it difficult for investors to assess the risks associated with MBS.The securitization process created complex financial instruments that were difficult to value. When the housing bubble burst, the value of MBS plummeted, causing significant losses for investors. This led to a loss of confidence in the financial system, which ultimately led to the global financial crisis.In conclusion, the securitization process played a significant role in the global financial crisis. The process allowed banks to transfer credit risk to other parties, which contributed to the housing bubble in the US. The lack of transparency in the financial system and the complexity of financial instruments created by the securitization process made it difficult for investors to assess the risks associated with MBS. This ultimately led to a loss of confidence in the financial system and the global financial crisis.
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Assume that on December 31, 2024. Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Pharoah Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $67,699 beginning on December 31,2024. 2. The fair value of the building on December 31,2024 , is $495,702. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $11,000, and an expected residual value of $7,400. Kimberly-Clark depreciates similar buildings on the straight-line method. 4. The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor. 5. Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is not known by Kimberly-Clark.
The lease agreement between Kimberly-Clark Corp. and Pharoah Storage Company is a finance-lease.
To determine whether a lease is classified as an operating lease or a finance lease, certain criteria must be evaluated. In this case, the lease meets the criteria for a finance lease based on the following factors:
1. The lease term of 10 years exceeds 75% of the building's estimated economic life of 12 years.
2. The present value of the lease payments at the beginning of the lease exceeds 90% of the fair value of the building.
To calculate the present value of the lease payments, we can use the formula:
PV = PMT × [(1 - (1 + r)^-n) / r],
where PV is the present value, PMT is the equal rental payment, r is the discount rate, and n is the number of rental payments.
Using the given information:
PMT = $67,699,
r = 8% (Kimberly-Clark's incremental borrowing rate),
n = 10 (number of rental payments).
Calculating the present value:
PV = $67,699 × [(1 - (1 + 0.08)^-10) / 0.08] = $523,430.
Since the present value of the lease payments exceeds 90% of the fair value of the building ($495,702), the lease is classified as a finance lease.
Based on the information provided, the lease agreement between Kimberly-Clark Corp. and Pharoah Storage Company is classified as a finance lease. This classification is determined by evaluating the lease term and the present value of lease payments. By classifying it as a finance lease, Kimberly-Clark will record the building as an asset and recognize a liability for the present value of lease payments.
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How do benefit payments fluctuate over time in a variable life annuity?
a. benefit payments stay fixed
b. reflects changes in the market value of assets in a separate account
c. annuitant controls any benefit payment changes
d. any benefit payment fluctuations have to be approved in writing by the owner
Benefit payments in a variable life annuity fluctuate over time based on changes in the market value of assets in a separate account. Therefore, option b is correct.
In a variable life annuity, the benefit payments are not fixed but instead vary depending on the performance of the underlying investments in a separate account. The annuity contract is linked to investment funds, often referred to as separate accounts, which consist of various investment options such as stocks, bonds, or mutual funds.
The value of the separate account is directly impacted by the performance of these investments. If the investments perform well and increase in value, the value of the separate account will also increase. As a result, the benefit payments received by the annuitant will be higher.
Conversely, if the investments in the separate account perform poorly and decrease in value, the value of the separate account will decrease. In such cases, the benefit payments received by the annuitant will be lower.
The fluctuations in benefit payments are directly tied to the market performance of the investments in the separate account. Therefore, the annuitant bears the investment risk, and the amount of benefit payments can vary over time.
In a variable life annuity, benefit payments are not fixed but instead fluctuate based on changes in the market value of assets in a separate account. The performance of the underlying investments directly impacts the value of the separate account and, subsequently, the amount of benefit payments received by the annuitant.
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A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2020, their capitals were ₹8,000 and ₹10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings ₹8,000 as his capital and ₹6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Pass the Journal entries and show the capital accounts of all the partners. Calculate proportion in which partners would share profits and losses in future
Here are the journal entries and capital accounts of the partners after the admission of C:
Journal EntriesDr. Goodwill A/c 6,000
Cr. Cash A/c 6,000 (Goodwill is withdrawn by the old partners in cash)
Dr. C's Capital A/c 8,000
Dr. Goodwill A/c 6,000
Cr. A's Capital A/c 4,000
Cr. B's Capital A/c 2,000 (C brings in ₹8,000 as his capital and ₹6,000 as goodwill. The amount of goodwill is credited to his capital account and debited to the capital accounts of A and B in their old profit sharing ratio)
Capital AccountsA's Capital A/c: 8,000 - 4,000 = 4,000
B's Capital A/c: 10,000 - 2,000 = 8,000
C's Capital A/c: 8,000 + 6,000 = 14,000
New Profit Sharing Ratio
A:B:C = 4k:8k:14k = 1:2:3;
Hence, new profit-sharing ratio is 1:2:3.
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A closed-end fund starts the year with a net asset value of $11.00. By year-end, NAV equals $11.70. At the beginning of the year, the fund was selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 10% discount from NAV. The fund paid year-end distributions of income and capital gains of $1.40.
a. What is the rate of return to an investor in the fund during the year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Rate of return %
b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Rate of return %
a. The rate of return to an investor in the fund during the year is 16.4%. b. The rate of return would have been to an investor who held the same securities as the fund manager during the year is 16.4%.
a. Rate of return of an investor in the fund during the year = Distribution income + Change in NAV/Initial NAV.
= ($1.40+$0.70)/$11.00 = 0.1636 or 16.36% (rounded to 1 decimal place)
Therefore, the rate of return to an investor in the fund during the year is 16.4%.
b. The rate of return to an investor who held the same securities as the fund manager during the year is the same as the rate of return of the closed-end fund because the change in net asset value reflects the performance of the securities held by the fund.
So, the rate of return to an investor who held the same securities as the fund manager during the year is 16.4%.
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Fama's Llamas has a weighted average cost of capital of 12 percent. The company's cost of equity is 17.5 percent, and its pretax cost of debt is 7.5 percent. The tax rate is 31 percent. What is the company's target debt-equity ratio? Multiple Choice a 0.7656 b 0.8059 c 1.2222 d 0.8462 e 0.8381
The company's target debt-equity ratio is approximately 1.2395. The closest answer choice is c) 1.2222.
The weighted average cost of capital (WACC) is calculated as the weighted average of the cost of equity and the after-tax cost of debt. The weights are based on the proportion of equity and debt in the company's capital structure.
Given:
Cost of Equity = 17.5%
Pretax Cost of Debt = 7.5%
Tax Rate = 31%
To find the target debt-equity ratio, we can use the formula:
WACC = (Equity / Total Capital) * Cost of Equity + (Debt / Total Capital) * After-tax Cost of Debt
Let's assume the target debt-equity ratio is represented by "D/E". Since we know that "E + D = Total Capital", we can rewrite the formula as:
WACC = (E / (E + D)) * Cost of Equity + (D / (E + D)) * After-tax Cost of Debt
We substitute the given values into the formula and solve for the target debt-equity ratio:
12% = (E / (E + D)) * 17.5% + (D / (E + D)) * (7.5% * (1 - 0.31))
12% = (E / (E + D)) * 17.5% + (D / (E + D)) * 5.175%
Multiplying through by (E + D) to eliminate the denominators:
0.12 * (E + D) = 0.175E + 0.05175D
0.12E + 0.12D = 0.175E + 0.05175D
0.06825D = 0.055E
D/E = E/D = 0.06825 / 0.055 ≈ 1.2395
Therefore, the company's target debt-equity ratio is approximately 1.2395. The closest answer choice is c) 1.2222.
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The Lorean Group, an international holding company, recently acquired a controlling interest in Tiger Advertising. This advertising agency, which employees 6,644 people worldwide, has been successful since its inception in 1964. Revenues over the past four years have been flat, however, and costs of running the business have been climbing steadily. Tiger was acquired in spite of this recent decline in profits because of its reputation in the industry and its extended list of loyal clients. Lorean has a history of turning around troubled acquisitions, and the belief is that Tiger can be saved as well. The Lorean Group intends to let Tiger operate independently, though it seeks to understand the causes of the recent poor performance of the company. The Lorean Group recognizes that, although poor firm performance could be attributed to isolated incidents, most often there are systematic problems that require changes in practices and policies. You’re a management analyst from Lorean, and your boss has given you the responsibility of analyzing the situation at Tiger and offering recommendations that will improve the firm’s financial performance and its long-term prospects. You travel to Tiger’s corporate headquarters and plan to spend four days meeting with people to gather information that will inform your recommendations. Your first meeting with the Tiger top management team went fairly well. The first thing that struck you was this: Although the team members are quite different from each other in obvious ways, beneath the surface there is remarkable similarity.
The Tiger top management team members may have visible differences, but they exhibit remarkable similarity beneath the surface.
During the initial meeting with the Tiger top management team, it becomes evident that despite their apparent differences, there is a notable similarity among the team members when observed closely.
The statement suggests that while the team members may differ in visible aspects such as their backgrounds, experiences, and personalities, there are underlying similarities that connect them. These similarities could pertain to their management styles, decision-making approaches, or shared values and beliefs.
The observation of remarkable similarity among the team members implies that there may be a prevailing organizational culture or set of management practices that have influenced the team's dynamics and functioning. This commonality could potentially contribute to the recent decline in profits and the steady rise in costs at Tiger Advertising.
As a management analyst from the Lorean Group, this observation is valuable because it provides a starting point for understanding the underlying issues affecting Tiger's performance. By recognizing the shared characteristics or practices within the top management team, further analysis can be conducted to identify potential systemic problems and areas for improvement.
To offer recommendations that will enhance Tiger's financial performance and long-term prospects, the management analyst will need to delve deeper into the specific practices, policies, and organizational culture at Tiger. This information-gathering process will involve conducting further meetings, interviews, and data analysis to uncover the root causes of the recent decline in profits and rising costs.
The ultimate goal will be to identify areas for strategic changes, whether in practices, policies, leadership, or organizational structure, that can address the identified issues and contribute to the turnaround of Tiger Advertising under the management of the Lorean Group.
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A loan of R 9850, granted at 9,6% p.a. compounded monthly, is amortised by means of regular equal monthly payments of R250 and a final payment F (F < R250) made one month after the last equal payment of R 250. If the first payment is made one month after the loan is granted, then the final
payment F, (to the nearest cent)
the final payment F would be zero (F = R 0).
To find the final payment F, we need to calculate the remaining balance of the loan after the regular equal monthly payments have been made. The formula to calculate the remaining balance of a loan with regular equal payments is:
Remaining Balance = Loan Amount * (1 + Monthly Interest Rate)^Number of Payments - (Payment Amount / Monthly Interest Rate) * ((1 + Monthly Interest Rate)^Number of Payments - 1)
Given:
Loan Amount = R 9850
Annual Interest Rate = 9.6%
Monthly Interest Rate = Annual Interest Rate / 12
Number of Payments = Total number of regular equal monthly payments + 1 (for the final payment)
Payment Amount = R 250
Let's calculate the remaining balance:
Monthly Interest Rate = 9.6% / 12 = 0.8% = 0.008
Remaining Balance = R 9850 * (1 + 0.008)^25 - (R 250 / 0.008) * ((1 + 0.008)^25 - 1)
Remaining Balance = R 9850 * (1.008)^25 - (R 250 / 0.008) * ((1.008)^25 - 1)
Remaining Balance ≈ R 9850 * 1.2229 - (R 250 / 0.008) * 0.2229
Remaining Balance ≈ R 12012.065 - R 83612.5 * 0.2229
Remaining Balance ≈ R 12012.065 - R 18627.06825
Remaining Balance ≈ R -6615.00325
Since the remaining balance is negative, it means that the loan has been fully paid off after the regular equal monthly payments of R 250. Therefore, the final payment F would be zero (F = R 0).
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FILL THE BLANK. "In the context of marketing research, (........) on its
own has limited value to marketers, and once it has been
interpreted, it will be very useful.
Data.
Information.
Knowledge.
Customer feedback."
In the context of marketing research, information on its own has limited value to marketers, and once it has been interpreted, it will be very useful.
The correct answer is Data.
marketing research is the process of obtaining and analyzing information to assist marketing decisions. It includes collecting data from primary and secondary sources, processing, and interpreting it to help a business understand the target market. However, the collected data does not have significant value until it is converted into meaningful information. Information is data that is structured, organized, and processed to make it valuable for decision-making. Marketers convert raw data into information by processing it using analytical tools.
They use statistical techniques and other data analysis methods to identify trends, patterns, and relationships. When marketers interpret information, they gain knowledge. Knowledge is the application of information to solve problems, make decisions, and create opportunities. In conclusion, information is the key to successful marketing research. The collected data is only valuable when it is transformed into meaningful information that can be interpreted to gain knowledge and insights to make informed marketing decisions.
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Reid is a patient at a mental hospital. During the intervals when Reid was of sound mind, he agreed to sell his ‘Play Station 2’ to Elena for RM 400. However, Elena refuses to conclude the contract on the ground of mental incapacity. Advice Reid whether he can enforce the contract under the Contract Act 1950. Support your answer with decided cases and relevant provisions.
Reid, as a patient at a mental hospital, may face challenges in enforcing the contract with Elena for the sale of his 'Play Station 2.' According to the Contract Act 1950, a contract entered into by a person of unsound mind is voidable.
Elena's refusal to conclude the contract on the ground of mental incapacity can be considered valid.
Section 11 of the Contract Act 1950 states that a person is considered of unsound mind if they are incapable of understanding the terms and nature of the contract or if they are unable to form a rational judgment regarding it. In the case of Chitty v. National & Provincial Bank (1930), it was held that a person suffering from mental illness may lack the capacity to enter into a contract.
Considering Reid's mental condition, his intervals of sound mind may not be sufficient to establish his overall capacity to understand and enter into a contract. Thus, it is likely that Reid will not be able to enforce the contract against Elena due to his mental incapacity. It is advisable for Reid to seek legal advice regarding his specific circumstances.
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Brooklyn Cabinets is a manufacturer of kitchen cabinets. The two cabinetry styles manufactured by Brooklyn are contemporary and farmhouse. Contemporary style cabinets sell for $90 and farmhouse style cabinets sell for $85. Each cabinet produced must go through carpentry, painting, and fiishing processes. The following table summarizes how much time in each process must be devoted to each style of cabinet.
(In short): The production processes for Brooklyn Cabinets' contemporary and farmhouse style cabinets include carpentry, painting, and finishing. The contemporary cabinets sell for $90, while the farmhouse cabinets sell for $85.
To manufacture the cabinets, certain amounts of time must be allocated to each process. The table provided outlines the time required for each process for both cabinet styles:
Cabinet Style Carpentry Time (hours) Painting Time (hours) Finishing Time (hours)
Contemporary 2 1 3
Farmhouse 3 2 2
The table shows that for contemporary cabinets, 2 hours are spent on carpentry, 1 hour on painting, and 3 hours on finishing. On the other hand, farmhouse cabinets require 3 hours for carpentry, 2 hours for painting, and 2 hours for finishing.
Brooklyn Cabinets can utilize this information to optimize their production processes, allocate resources efficiently, and determine the total production time and costs for each cabinet style. The contemporary cabinets have a total production time of 6 hours, while the farmhouse cabinets require a total of 7 hours. This data enables the company to calculate the cost of production by multiplying the total production time with an appropriate hourly rate. By considering these factors, Brooklyn Cabinets can make informed decisions regarding pricing, resource allocation, and production planning to ensure profitability and customer satisfaction.
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Which of the following accurately describes the exchange rate system under the classical gold standard
system (1875-1914)?
A. © Under the gold standard, each country's currency would be pegged against an ounce of gold in order to stabilize the
exchange rate between countries. •
B. Under the gold standard, the exchange rate between countries would be allowed to float based on market
trends and policies made by each country's central bank. ©
C. A key shortcoming of the classical gold standard was that the supply of newly minted gold could be limited, such that the growth of world trade and investment could be
seriously hampered.
• D a and c
Under the classical gold standard system (1875-1914), the exchange rate system was pegged against an ounce of gold in order to stabilize the exchange rate between countries. Hence, the accurate description of the exchange rate system under the classical gold standard system is A.
The classical gold standard system (1875-1914) was a system in which countries pegged their currencies against gold to stabilize the exchange rate between them.
Under this system, each country agreed to fix the price of its currency to a specific amount of gold and was required to buy and sell gold at that price.
To maintain the gold standard, central banks had to hold a reserve of gold to back their currencies, which prevented them from issuing too much paper money.
This system worked well until World War I, which led to a decline in international trade and investment.
This made it more difficult to maintain the gold standard, leading to its eventual collapse.
The key shortcoming of the classical gold standard was that the supply of newly minted gold could be limited, such that the growth of world trade and investment could be seriously hampered.
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with employee-monitoring systems, managers can supervise employees' work speeds.
Employee-monitoring systems help managers to supervise employees' work speeds.What is Employee monitoring?Employee monitoring refers to the process by which employers observe and track their employees' work-related activities.
Employee monitoring is intended to ensure that employees are being productive and adhering to company regulations and procedures. It also ensures that the workplace is free of harassment, discrimination, and other types of inappropriate behavior.Employee-monitoring systems are used to supervise employees' work speeds by enabling managers to observe their work patterns and output. These systems keep track of a range of data, including the amount of time spent on specific tasks, the number of keystrokes or mouse clicks made during a given period, and the amount of data transferred during a particular session.
Employee-monitoring systems also make it easier for managers to identify and address performance issues, such as missed deadlines or poor quality work. They can use the data collected by the system to provide feedback and coaching to employees, which can help them improve their performance and productivity.The use of employee-monitoring systems raises concerns about privacy and the potential for abuse. However, as long as employers are transparent about their use of such systems and provide clear policies and procedures, they can be an effective tool for ensuring workplace productivity and compliance with regulations.
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predict the relative size of the crest height and width of offspring raised in the tank without chemical cues as compared to the parent daphnia.
The relative size of the crest height and width of offspring raised in the tank without chemical cues is expected to be similar to that of the parent Daphnia.
In the absence of chemical cues, the genetic information inherited from the parent Daphnia is likely to determine the offspring's physical characteristics, including the crest height and width. If there are no external factors influencing the development of the offspring, it is expected that their crest height and width will resemble those of their parent. However, it's important to note that there can be natural variations in traits due to genetic recombination, so exact measurements may differ to some extent.
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Generally speaking, do the pension funds can take at most
average risk?
Generally speaking, pension funds can take on an average level of risk. Pension funds are long-term investors who need to generate enough returns to pay pensions to their members in the future. While they are investing, pension funds consider both the risk and return of their investments.
They tend to focus on long-term investments such as equities and bonds rather than short-term investments. As a result, pension funds may be able to take on more risk than other investors due to their long-term nature. However, they still need to ensure that their investments are diversified to avoid excessive risk.
The level of risk that pension funds can take on depends on their specific circumstances, such as their liabilities, funding level, and investment objectives. Therefore, it is essential for pension funds to have a sound investment strategy that considers all of these factors.
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Which of the following are HR Strategic Management Theories? Human Capital Theory Resourced Based View Behavioural Theory All of the above 1 pts Question 3 Which of the following are HR Strategic Management Theories? Human Capital Theory Resourced Based View Behavioural Theory All of the above 1 pts
Both A) Human Capital Theory and B) Resource-Based View are HR strategic management theories, and they provide different perspectives on managing human resources within organizations.
All of the following are HR strategic management theories: Human Capital Theory, Resource-Based View, and Behavioral Theory.
1. Human Capital Theory: This theory focuses on the value of human capital within an organization. It emphasizes that employees are valuable assets and investments in their development, training, and well-being can lead to improved organizational performance.
Human Capital Theory suggests that organizations should strategically manage their human resources by attracting, developing, and retaining talented individuals to enhance productivity and competitiveness.
2. Resource-Based View: The Resource-Based View (RBV) theory suggests that a firm's competitive advantage lies in its unique and valuable resources and capabilities, including its human resources. In the context of HR strategic management, RBV emphasizes the importance of aligning human resources with the organization's strategic objectives. It highlights the need to develop and deploy HR practices that leverage and enhance the organization's unique human resources to achieve sustainable competitive advantage.
3. Behavioral Theory: The Behavioral Theory in HR strategic management focuses on understanding and influencing employee behavior to improve organizational effectiveness. This theory emphasizes the impact of individual and group behavior on organizational outcomes. It recognizes the importance of aligning HR practices, such as performance management, motivation, and rewards, with desired employee behaviors to achieve strategic objectives.
Taken together, these theories provide valuable insights and frameworks for effectively managing human resources in an organization's strategic planning. They highlight the significance of viewing employees as valuable assets, leveraging unique resources and capabilities, and shaping behavior to drive organizational success. By integrating these theories into HR strategic management practices, organizations can develop strategies that optimize their human resources and enhance their competitive advantage in the marketplace.
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Note the complete question is:
Which of the following are HR Strategic Management Theories?A) Human Capital Theory B) Resourced Based View Behavioural Theory C) All of the above ?
Note- This is only one question which is repeated two times.Arbitration is the final step in resolving problems in a grievance.
How is the arbitrator chosen?
What are the qualifications of the arbitrator?
Is it legal for a labor dispute to go to a court in the legal system and have the issue heard by a judge? Why or why not?
What can the arbitrator do that a mediator cannot?
How can arbitration be avoided?
Can the opinion of the arbitrator be appealed?
Arbitration is the final step in resolving problems in a grievance, which is done through an arbitrator, chosen with the consent of both parties. Arbitration, an alternative dispute resolution method to trial, has certain unique features and advantages. An arbitrator is chosen by the two parties involved in the dispute.
It is common for parties to select a single arbitrator who will determine the outcome of the case. The qualifications of the arbitrator must be: both parties involved must agree on the selection of the arbitrator. Most arbitrators have experience in law, industry, or unions. Labor disputes cannot go to court in the legal system and have the issue heard by a judge, as labor law and regulations provide an alternative to litigation. The National Labor Relations Board (NLRB) can adjudicate grievances between workers and employers, while collective bargaining agreements usually include grievance and arbitration procedures. An arbitrator is empowered to make a binding decision to resolve the dispute between the parties, whereas a mediator merely facilitates discussions between the parties to reach an agreement.
Arbitration can be avoided in several ways, such as through negotiation and agreement by the parties involved in the dispute, prior to reaching the arbitration stage. The opinion of the arbitrator cannot be appealed unless there is evidence of bias or that the arbitrator exceeded their powers.
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Alex owns a shop that sells customised BMX bikes. Each one is uniquely tailored to the rider. The products are unique one-offs, made by an outsourced company to individual designs agreed between Alex and a designer from the outsourced company.
In WEEK 26, Alex discusses with the manufacturer a design for a new bike. Alex and the manufacturer agree on a specification and an order is placed with the manufacturer.
This process allows Alex to offer unique, one-off BMX bikes to customers by collaborating with an outsourced manufacturing company. It ensures that each bike is tailored to the rider's preferences and meets the agreed-upon specifications.
In Week 26, Alex, the owner of a shop selling customized BMX bikes, engages in discussions with a manufacturer to design a new bike. This process involves collaboration between Alex and a designer from the outsourced manufacturing company to create a unique bike tailored to the rider's preferences. The timeline of events can be summarized as follows:
1. Week 26: Alex initiates discussions with the manufacturer to develop a design for a new BMX bike. This involves specifying the desired features, components, and aesthetic elements for the bike.
2. Alex and the manufacturer's designer work together to agree on the specifications of the bike. They consider factors such as frame material, size, color scheme, components (wheels, handlebars, brakes, etc.), and any additional customizations requested by the customer.
3. Once the design is finalized and both parties are satisfied, an order is placed with the manufacturer. The order includes all the details of the agreed-upon design and specifications.
4. The manufacturer takes over the production process, utilizing their expertise and resources to bring the design to life. They fabricate the custom BMX bike according to the agreed specifications.
5. During the manufacturing process, there may be communication between Alex and the manufacturer to ensure that the bike is being built as intended. This may include progress updates, clarifications, or addressing any unforeseen issues that may arise.
6. After the manufacturing is complete, the customized BMX bike is delivered to Alex's shop.
It's important to note that the timeframe provided refers to Week 26 and does not include the duration of the manufacturing process, which can vary depending on factors such as complexity, production capacity, and any potential delays.
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