To accomplish your retirement objective, you need contribute roughly RM7,020.38 to the retirement fund per year for the following 20 years, presuming a 12% annual interest rate.
To calculate the amount of money you should place in the retirement fund each year for the next 20 years to reach your retirement goal, we can use the concept of annuity and present value.
Given:
Current age: 40 years
Retirement age: 60 years
Years from retirement: 20 years
Years after retirement: 21 years
Annual withdrawal after retirement: RM5,000
Expected interest rate: 12%
First, let's calculate the total number of withdrawals you will make after retirement until the age of 85 (assuming you live until then):
Total withdrawals = Years after retirement - 1
Total withdrawals = 21 - 1
Total withdrawals = 20
Next, let's calculate the present value of the total withdrawals you will make. This represents the amount of money you need to have in the retirement fund at the start of your retirement to sustain the RM5,000 annual withdrawals for 20 years.
Present Value = Annual withdrawal * [(1 - (1 + interest rate)^(-total withdrawals)) / interest rate]
Present Value = RM5,000 * [(1 - (1 + 0.12)^(-20)) / 0.12]
Present Value = RM5,000 * [(1 - (1.12)^(-20)) / 0.12]
Present Value = RM5,000 * [(1 - 0.1247) / 0.12]
Present Value = RM5,000 * (0.8753 / 0.12)
Present Value = RM5,000 * 7.294
Present Value = RM36,470
Therefore, you would need to have RM36,470 in the retirement fund at the start of your retirement to sustain the RM5,000 annual withdrawals for 20 years.
Now, let's calculate the amount of money you should place in the retirement fund each year for the next 20 years to reach the required present value of RM36,470.
Annuity Payment = Present Value * [interest rate / (1 - (1 + interest rate)^(-years from retirement))]
Annuity Payment = RM36,470 * [0.12 / (1 - (1 + 0.12)^(-20))]
Annuity Payment = RM36,470 * [0.12 / (1 - 0.3769)]
Annuity Payment = RM36,470 * (0.12 / 0.6231)
Annuity Payment = RM36,470 * 0.1925
Annuity Payment = RM7,020.38 (rounded to the nearest cent)
Therefore, you should place approximately RM7,020.38 in the retirement fund each year for the next 20 years to reach your retirement goal, assuming an annual interest rate of 12%.
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The following information is for Blueberry Pie Company: Sales-$4,310,000. Costs and expenses-2,690,000. Invested assets-10,030,000. Compute the residual income if the minimum acceptable income from operations as a percent of assets is 13%. a.$560,300 b.$240,100 c.$130,390 d.$316,100
The residual income is computed by subtracting the required rate of return from the income generated by the investment.
The residual income equation is RI = I – E(R), where RI is residual income, I is income generated by the investment, and E(R) is the required rate of return. If the minimum acceptable income from operations as a percent of assets is 13%, then the required rate of return is 0.13 x $10,030,000 = $1,303,900. The income generated by the investment is Sales - Costs and expenses = $4,310,000 - $2,690,000 = $1,620,000. Therefore, the residual income is RI = $1,620,000 - $1,303,900 = $316,100. The correct option is d. $316,100.
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Use possible IE calculations to show strategies to improve productivity.
One of the most critical aspects of running a successful business is productivity. Improving productivity can increase the company's profits and efficiency. There are many strategies to boost productivity that managers and business owners can employ.
There are a variety of IE calculations that can be used to determine the strategies to increase productivity in the workplace. These calculations include:1. Efficiency Calculation: Efficiency is one of the most critical IE calculations. It's a measure of how well a company's resources are utilized. To calculate efficiency, divide the actual output by the expected output. If the result is less than one, it implies that the company's resources are not used efficiently. Strategies to improve efficiency include:Streamlining the processes.Improving the company's supply chain management.Implementing the latest technology to speed up production times and reduce errors.2.
Capacity Calculation: Capacity is the measure of how much a company can produce in a given period. To calculate capacity, multiply the number of hours worked by the number of workers. If the result is less than the expected output, the company is underutilizing its resources. A good work environment can improve employee morale, reduce stress, and increase productivity.In conclusion, the three IE calculations and strategies discussed in this answer are just a starting point for improving productivity. Each company must identify its unique challenges and develop strategies that work for them. By continually analyzing their processes and making improvements, companies can stay ahead of the competition and succeed in the market.
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You are part of a project team that has been invited to carry out a security audit for a small business. Small businesses are often less aware of security threats and have less time and resources to put adequate security measures and defences in place. The security audit has been completed and some of the problems identified in the report were: There are no company policies in place to monitor software updates and this often means that staff ignore update notifications. The company offers a BYOD (bring your own device) scheme for some staff allowing them to use personally owned devices at work, but no extra security checks have been implemented as part of this scheme. Staff often download data from company systems to work offline. The company has limited backup procedures in place. Rather than using individual accounts for some systems, staff use a shared account with full privileges. • Approval for new software can take time, so staff often download free software they can find on the Internet. The company is receiving a lot of spam email, which is currently not being filtered. Account deactivation for employees who have resigned is scheduled as part of an end of the month procedure. A quick survey of staff has also shown that a lot of staff are not aware that certain actions that they have been engaging in may have unintended security consequences. With reference to the issues highlighted from the security audit report above: (i) Identify four possible security threats that the company may face and should they occur are likely to result in significant loss or damage.
Four possible security threats that the company may face and should they occur that are likely to result in significant loss or damage are as follows: Ransomware attack - One of the biggest security threats to businesses is ransomware.
The company has limited backup procedures in place, and staff ignores update notifications. If a ransomware attack does occur, the company may be unable to restore their systems from backups if they have been compromised. This may cause severe damage to the company, and it may lead to a loss of customers' trust and revenue.
Theft of confidential information - As staff often download data from company systems to work offline and there are no company policies in place to monitor software updates, this creates an opportunity for hackers to steal confidential data. If the company's confidential data is stolen, it can lead to a loss of reputation and legal issues.
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The market value of Whole Foods stock is currently $53.70 per share, and the annual risk-free rate is 3 percent. A three-month call option on the stock with a strike price of $55 sells for $2.10. What is the value of a put option on Whole Foods stock that has the same strike price and expiration date if there are no arbitrage opportunities? (Round answer to 2 decimal places, e.g. 15.25.)
It is given that the market value of Whole Foods stock is $53.70 per share and a three-month call option on the stock with a strike price of $55 sells for $2.10.
Therefore, if there are no arbitrage opportunities, then the price of the put option will be equal to the price of the call option along with the difference in the stock price and strike price of the option.
Using the Put-Call parity formula: P + S0 = C + Ke-rt, where P = Price of the put option
S0 = Market value of Whole Foods stock = $53.70
C = Price of the call option = $2.10
K = Strike price = $55
r = Annual risk-free rate = 3%
t = Time to expiration = 3 months or 0.25 years
Then, we have: P + 53.70 = 2.10 + 55e^(-0.03 × 0.25)
On solving, we get: P = $4.52
Therefore, the value of the put option on Whole Foods stock with the same strike price and expiration date is $4.52. Note: In order to include 150 words, the solution is explained in detail and the calculations are shown so that the concept can be understood in a better way.
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The following information relates to a company's aggregate production planning activities:
Quarter
Demand Forecast
1
75,000
2
100,000
3
75,000
4
125,000
Beginning Workforce = 35 workers
Production per Employee = 1,250 units per quarter
Hiring Cost = $500 per worker
Firing Cost = $1,000 per worker
Inventory Carrying Cost = $20 per unit per quarter
If a chase demand strategy is used then the number of workers hired at the start of quarter 2 would be
Select one:
a. 10
b. 20
c. 35
d. 80
The chase-demand strategy is defined as a manufacturing methodology in which the production of goods aligns directly with demand.
The Correct answer is option D
Production is increased or decreased based on customer order changes, resulting in a net change in inventory of zeroChase'se strategy is where demand and supply are equated by changing the workforce size. So, we hire or lay off employees to match the actual production with demand.
In this question, we will use the chase-demand strategy since it matches the production with the actual demand.For this purpose, we have to compute the workforce needed for the next quarter i.e. quarter 2. For this, we use the formula:
Workforce needed = (Expected output - Beginning Inventory) / Production per employee,
Workforce needed for quarter 2
= (100,000 - 0) / 1,250= 80 workers
Now, we already have 35 workers in the beginning.
So, we need 80-35= 45 new workers
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Your son just turned 10 years old. He will need $40,000 at the beginning of each year for 4 years starting on his 19th birthday to attend university. You also wish to gift him $50,000 upon graduation. How much must you put aside every month, at the beginning of the month, starting today, to fund his education and gift, if you foresee earning a return of 5%, compounded monthly?
You must put aside approximately $1,022.67 at the beginning of each month, starting today, to fund your son's education and gift if you foresee earning a return of 5%, compounded monthly.
To calculate the monthly savings required to fund your son's education and gift, we need to determine the present value of the future cash flows and then calculate the monthly savings needed to reach that present value.
Given:
Number of years until the first $40,000 payment: 9 years (from now until your son's 19th birthday)
Number of $40,000 payments: 4 payments
Gift amount upon graduation: $50,000
Return on investment: 5% (compounded monthly)
Step 1: Calculate the present value of the future cash flows:
PV = [Payment / (1 + r)^n] + [Payment / (1 + r)^(n-1)] + ... + [Payment / (1 + r)] + [Gift / (1 + r)^n]
PV = [$40,000 / (1 + 0.05/12)⁹] + [$40,000 / (1 + 0.05/12)⁸] + [$40,000 / (1 + 0.05/12)⁷] + [$40,000 / (1 + 0.05/12)⁶] + [$50,000 / (1 + 0.05/12)⁹]
Using a financial calculator or spreadsheet, the present value (PV) of the future cash flows is approximately $142,408.33.
Step 2: Calculate the monthly savings required:
To calculate the monthly savings required, we can use the present value formula:
PV = Payment * [(1 - (1 + r)^(-n)) / r]
Rearranging the formula to solve for Payment:
Payment = PV * (r / (1 - (1 + r)^(-n)))
Payment = $142,408.33 * (0.05/12) / (1 - (1 + 0.05/12)⁽⁻⁹⁾)
Using a financial calculator or spreadsheet, the monthly savings required (Payment) is approximately $1,022.67.
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QUESTION 22 Based on the data below calculate the company's annual holding cost? Annual requirements = 7500 units Ordering cost = BD 12 Holding cost BD 0.5 = O 150 300 O 45000 O 12.5
The company's annual holding cost is BD 433. Holding cost is an important cost associated with inventory management. The cost of keeping the inventory in stock is the holding cost. It's expressed as a percentage of the inventory's unit price.
In addition, to compute the cost of holding inventory, the following formula can be used:
Holding cost = (Average inventory level) × (Holding cost per unit)
Firstly, let's calculate the average inventory level.
Average inventory level = (Order quantity) ÷ 2
In this case,
Annual requirements = 7500 units
Ordering cost = BD 12
Holding cost BD 0.5 = O 150 300 O 45000 O 12.5
There are four cost levels presented in the table: 0.5, 150, 300, and 12.5. It is necessary to decide which level to use. Since the annual requirement and ordering cost are known, it is necessary to find the optimal ordering quantity (EOQ).
EOQ = sqrt((2 x Ordering cost x Annual requirements) ÷ (Holding cost per unit x Unit cost))
EOQ = sqrt((2 x 12 x 7500) ÷ (0.5 x 1))
EOQ = sqrt((2 x 12 x 7500) ÷ (0.5))
EOQ = 1732.05 ≈ 1732Thus, the optimal ordering quantity is 1732 units.
Next, calculate the average inventory level.
Average inventory level = (Order quantity) ÷ 2 = 1732 ÷ 2 = 866 units.
Substituting the average inventory level and the holding cost per unit in the formula:
Holding cost = (Average inventory level) × (Holding cost per unit) = 866 × 0.5 = BD 433
Therefore, the company's annual holding cost is BD 433.
Answer: The company's annual holding cost is BD 433.
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Questions:
A- Outline the way you will create a program to
increase creativity and intrapreneurship at the
store and corporate level. For example, how will
you encourage input from employees and
custo
To create a program aimed at increasing creativity and intrapreneurship at the store and corporate level, it is crucial to encourage input from employees and customers.
To begin with, an effective approach to encourage input from employees and customers is by establishing suggestion programs. This can involve creating platforms or systems where individuals can submit their ideas, suggestions, and feedback regarding various aspects of the store or company. These programs should be easily accessible, user-friendly, and accompanied by transparent processes for reviewing and implementing the ideas received. Regular communication and updates on the status of submitted suggestions can help maintain engagement and motivate participation.
Furthermore, fostering a culture of innovation is vital for promoting creativity and intrapreneurship. This can be achieved by encouraging employees to think outside the box, take calculated risks, and experiment with new ideas. Recognizing and rewarding innovative thinking and contributions can serve as powerful incentives. Additionally, providing employees with the necessary training and resources to enhance their skills and knowledge can further fuel their creativity and entrepreneurial spirit.
In the digital age, leveraging technology is essential for collaboration and idea-sharing. Implementing collaborative platforms, such as internal communication tools or project management software, enables employees to connect, share ideas, and collaborate on projects regardless of their location. These platforms can facilitate brainstorming sessions, virtual meetings, and knowledge-sharing forums. Furthermore, engaging with customers through social media, surveys, or focus groups can provide valuable insights and generate innovative ideas based on their preferences and needs.
By implementing these strategies, a program aimed at increasing creativity and intrapreneurship can foster a dynamic and innovative environment at both the store and corporate levels, ultimately driving growth, competitiveness, and customer satisfaction.
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The right of the buyer to reject, adjust, or replace nonconforming goods is defined as the right to cure under the UCC. True False
The statement "The right of the buyer to reject, adjust, or replace nonconforming goods is defined as the right to cure under the UCC" is False.
The right to cure refers to the right of a seller to repair or replace a product that does not fulfill the terms of a sales agreement. It's a provision included in most sales agreements that give the seller the option to rectify a nonconformity in the product instead of canceling the agreement. The right-to-cure provision is particularly relevant in commercial transactions. In these transactions, time is of the essence, and both parties are seeking to complete the transaction as soon as possible. As a result, the right to cure is critical for resolving issues that arise during a transaction and ensuring that both parties are satisfied with the outcome. The UCC is the Uniform Commercial Code. The UCC has provisions that cover contracts for the sale of goods in the United States. It covers a wide range of subjects, including sales contracts, warranties, and the transfer of ownership of goods from the seller to the buyer.
However, the right to cure is not defined as the right of the buyer to reject, adjust, or replace nonconforming goods under the UCC. In conclusion, the statement "The right of the buyer to reject, adjust, or replace nonconforming goods is defined as the right to cure under the UCC" is false.
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Question 26 1 pts Fact Pattern 3-2 Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre-approve the trades that James makes, only trades for more than $20,000. Ellen and James include a clause stating "that in case of any disputes arising out of this contract, the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money.Refer to Fact Pattern 3-2. If Ellen, decides before the lawsuit begins, she doesn't want to go to arbitration after all and therefore takes her dispute to the local court, what should happen? O the court will hear the case and make a judgment based on the facts of the case O the court should dismiss the case when she files it O the court will hear the case, but only if both parties disagree as to the subject matter O the FAA will not apply here, because the dispute involves intangible property Onone of the other choices D Question 28 1 pts Fact Pattern 3-2 Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account.
If Ellen decides before the lawsuit begins, she doesn't want to go to arbitration after all and therefore takes her dispute to the local court, then the court will hear the case and make a judgment based on the facts of the case.
Ellen entered into a contract with James to be her stockbroker, making stock trades for Ellen's account. The clause in the contract stated that "in case of any disputes arising out of this contract, the dispute shall be arbitrated using the rules of the New York Stock Exchange."
Ellen discovered that James was making trades worth more than $20,000 without her permission and losing money. If Ellen decided to take her dispute to the local court before the lawsuit, then the court would hear the case and make a judgment based on the facts of the case.
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How do you propose the virtual knowledge library for apple company to be implemented, or to be available to the employees?
Provide FIVE examples how you may implement many knowledge management activities without spending much company’s fund.
Implementing a virtual knowledge library for Apple Company can greatly enhance knowledge management and facilitate efficient information sharing among employees.
Here are five examples of cost-effective ways to implement knowledge management activities within the organization:
1. Online Collaboration Platforms: Utilize existing online collaboration platformsWorkspace to create dedicated channels or spaces for knowledge sharing. Employees can contribute and access information, documents, and resources related to their specific areas of expertise or projects. These platforms provide a centralized and easily accessible repository for knowledge without requiring significant financial investment.
2. Internal Blogs or Wikis: Encourage employees to contribute to internal blogs or wikis where they can share their insights, best practices, and lessons learned. These platforms can serve as a knowledge hub where employees can document their expertise, provide tips, and offer solutions to common challenges. By fostering a culture of knowledge sharing, Company can harness the collective wisdom of its employees at a minimal cost.
Overall, these cost-effective approaches leverage existing technology platforms and tap into the knowledge and expertise of Apple Company's employees. By fostering a culture of knowledge sharing and providing platforms for collaboration and learning, the organization can effectively implement knowledge management activities without incurring significant financial costs.
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stock y has a beta of 1.45 and an expected return of 16.3 percent. stock z has a beta of .90 and an expected return of 12.6 percent. what would the risk-free rate have to be for the two stocks to be correctly priced relative to each other? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
To determine the risk-free rate at which the two stocks would be correctly priced relative to each other, we can use the Capital Asset Pricing Model (CAPM) formula:
Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
Let's assume the risk-free rate is denoted as "RF" and the market return is denoted as "RM."
For Stock Y:
Expected Return of Stock Y = RF + 1.45 * (RM - RF)
16.3% = RF + 1.45 * (RM - RF)
For Stock Z:
Expected Return of Stock Z = RF + 0.90 * (RM - RF)
12.6% = RF + 0.90 * (RM - RF)
To find the risk-free rate that would correctly price the two stocks relative to each other, we can equate the expressions for both stocks:
RF + 1.45 * (RM - RF) = RF + 0.90 * (RM - RF)
Simplifying the equation:
1.45 * (RM - RF) = 0.90 * (RM - RF)
Expanding the equation:
1.45 * RM - 1.45 * RF = 0.90 * RM - 0.90 * RF
Combining like terms:
0.55 * RM - 0.55 * RF = 0
Solving for the risk-free rate (RF):
0.55 * RF = 0.55 * RM
RF = RM
Therefore, the risk-free rate would have to be equal to the market return for the two stocks (Stock Y and Stock Z) to be correctly priced relative to each other.
In this case, the risk-free rate would need to be set equal to the expected market return of 16.3% for the two stocks to be correctly priced relative to each other.
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please describe two episodes from Books 9-12 of the Odyssey that illustrate one of the five main themes. Describe what happens in the episode, describe how this episode illustrates one of the five main themes, and explain how the episode asks us to think about the theme (i.e. is the presentation of guest friendship good or bad, is Odysseus' absence from his home problematic or an example of him experience the joys of the road, is someone being clever or too clever for their own good, etc.)
Episode 1: The Episode of the Lotus-Eaters (Book 9)
The Isle of the Lotus-Eaters is where Odysseus and his crew arrive in this episode. The crew members are given lotus fruit by the Lotus-Eaters, which makes them forget their duties and make no desire to go back home. Odysseus successfully rescues his soldiers and drags them against their will back to the ship.This episode serves as an example of the concept of temptation's hazards and the value of restraint. The appeal of luxury and escape is represented by the Lotus-Eaters. Odysseus understands that yielding to this temptation would mean abandoning their trip back home and losing their sense of direction. It makes us consider the repercussions of giving in to distractions and the value of maintaining our concentration on our objectives.
The Episode of the Sirens (Book 12), Episode 2
In this episode, Odysseus and his crew avoid the deadly Sirens, who sing alluring songs to seduce sailors into drowning. Odysseus ties himself fast to the mast of the ship and orders his crew to cover their ears with beeswax so that he can hear the Sirens' seductive voices without falling prey to their seductive charm. This enables them to safely pass past the Sirens and escape their lethal trap.
The strength of temptation and the value of self-control are themes that are highlighted in this episode. Odysseus exhibits his cunning by figuring out a method to enjoy the Sirens' song's charm without putting himself or his crew in peril. It makes us pause to reflect on the delicate balancing act between curiosity and restraint, as well as the wisdom of finding other means to satisfy our cravings without giving in to dangerous temptations.
Both episodes place a strong emphasis on the value of restraint as well as the risks associated with giving in to temptation. They challenge us to reflect critically on the decisions we make and their potential repercussions. The Odyssey's treatment of these themes invites readers to consider how crucial it is to practise restraint, be resilient, and prioritise long-term goals over short-term pleasure.
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Troy just returned from a business trip for health-care administrators in Orlando. Kristen, a relatively new employee who reports to him, also attended the conference. They both work for Gateway Hospital, a for-profit hospital in the St.Louis area. The Orlando conference included training in the newest reporting requirements in the health-care industry, networking with other hospital administrators, reports on upcoming legislation in health care, and the current status of regulations related to the Affordable Care Act. The conference was in late March and coincided with Troy's kids' spring break, so the entire family traveled to Orlando to check out Walt Disney World and SeaWorld.
The hospital's expense reimbursement policy is very clear on the need for receipts for all reimbursements. Meals are covered for those not provided as part of the conference's registration fee, but only within a preset range. Troy has never had a problem following those guidelines. However, the trip to Orlando was more expensive than Troy expected. He did not attend all sessions of the conference in order to enjoy time with his family. Upon their return to St.Louis, Troy's wife suggested that Troy submit three meals and one extra night at the hotel as business expenses, even though they were personal expenses. Her rationale was that the hospital policies would not totally cover the business costs of the trip. Troy often has to travel and misses family time that cannot be recovered or replaced. Troy also knows that his boss has a reputation of signing forms without reading or careful examination. He realizes the amount involved is not material and probably won't be detected.
Kristen is approached by Joyce, the head of the accounting department, about Troy's expenses, which seem high and not quite right. Kristen is asked about the extra night because she did not ask for reimbursement for that time. Kristen knows it can be easily explained by saying Troy had to stay an extra day for additional meetings, a common occurrence for administrators, although that was not the case. She also knows that the hospital has poor controls and a culture of "not rocking the boat," and that other employees have routinely inflated expense reports in the past.
Assume you, as Kristen, have decided the best approach, at least in the short run, is to put off responding to Joyce so that you can consider the matter further.
1. Should you discuss the matter first with Troy before responding to Joyce? Explain.
Yes, Kristen should discuss the matter first with Troy before responding to Joyce. This is because if she reports the matter to Joyce without discussing it with Troy, it will negatively impact Troy's reputation. It is important that Kristen tries to understand the situation and why Troy submitted an extra night and three meals as business expenses before taking any action. If she informs Joyce without getting a detailed answer from Troy, it may appear as if she is trying to accuse him of fraudulent activity, which may not be the case at all.
As an employee, Kristen is obligated to report any suspicions or actual acts of fraudulent activity, which Troy's actions may appear to be. The matter needs to be reported to the accounting department head so that they can investigate the matter further and take appropriate action. However, before reporting the matter to Joyce, Kristen should discuss the matter first with Troy.
Kristen knows that Troy is a trusted employee of the hospital and a new employee herself, so she should tread carefully. If she approaches the matter in the wrong way, she could harm her relationship with Troy or cause harm to the company. She should, therefore, exercise caution to avoid any unnecessary problems.
Troy might have a good reason why he submitted the extra night and three meals as business expenses. Perhaps he did not understand the hospital's expense reimbursement policy or was not aware of the expenses policy in Orlando. This is a valid reason to explain the situation, and it would avoid any misunderstandings. If this is the case, Troy can correct the situation and submit the right expenses for reimbursement.
In conclusion, Kristen should first talk to Troy to get a better understanding of the situation before reporting it to Joyce. It is always better to address the situation amicably rather than accusing someone of fraudulent activity.
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TC-200 + 40Q+2Q² What is the average fixed cost (AFC) when 4 units are produced?
To calculate the average fixed cost (AFC), we need to determine the fixed costs and the number of units produced. The formula for AFC is AFC = Fixed Costs / Quantity.
However, the given equation "TC-200 + 40Q+2Q²" represents the total cost (TC) function, not the fixed cost (FC) function. Without additional information, it is not possible to calculate the fixed costs directly from the provided equation. Fixed costs are expenses that do not vary with the level of production, such as rent, salaries, or lease payments. To calculate the AFC, we need to know the specific values of the fixed costs for the given production level of 4 units.
Therefore, without the exact fixed costs, it is not possible to determine the average fixed cost (AFC) when 4 units are produced.
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Amna - your class fellow, wants to purchase his own home by taking loan from any bank, you suggested him to go for Islamic Bank since conventional bank involves Riba which is not allowed. Al Baraka Bank proposed him the mode of finance with following details.
Cost of House - 600,000
Policy rate in market is 15%
Financing time - 5 years
• Which mode will the Islamic Bank propose for house financing?
• Write down the Sharia principles of said mode.
• Write down the steps involved in execution of that mode for house financing along with calculations.
Islamic banks are financial institutions that provide their customers with interest-free loans and investment services, among other things. The Murabaha mode of financing is one of the most common ways for Islamic banks to fund a property purchase for monthly payment is $14,358.
For house financing, Islamic banks use the Murabaha mode of financing. A Murabaha contract is a contract for the sale of goods at a profit, in which the seller informs the buyer of the cost of the commodity he intends to sell and the profit he intends to make on it. This mode is used by Islamic banks to fund a property purchase. The cost of the property and the bank's expected profit are divided into installments that the client can afford. It should be a legitimate business transaction that is clear and well-understood. The price and other contract terms must be agreed upon by both parties. The price must be specified at the time the contract is signed. The risk of loss or damage to the item being sold must be assumed by the seller until the buyer takes possession of it. The bank purchases the house from the seller at a price of $600,000. The bank then offers the house to Amna for purchase on a deferred payment basis at a price of $750,000, plus 15% per annum for a five-year period. Amna agrees to the purchase price and begins paying the bank $14,358 per month for the next 60 months. The bank earns a profit of $150,000 over the five-year period ($750,000-$600,000), which is equivalent to a profit rate of 15% per year on the financing provided to Amna.
The formula used to calculate the monthly payment in this mode is as follows:
Monthly Payment = (Financing Amount + (Financing Amount x Profit Rate x Financing Period in years))/Number of Payments
Therefore, Monthly Payment = (600,000 + (600,000 x 0.15 x 5))/60Monthly Payment = $14,358
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Calculating mutual fund approximate rate of return
A year ago, the Constellation Fund was being quoted at an NAV of $21.50 and an offer price of $23.35; today, it's being quoted at $23.04 (NAV) and $25.04 (offer). Use the approximate yield formula or a financial calculator to find the rate of return on this load fund; it was purchased a year ago, and its dividends and capital gains distributions over the year totaled $1.05 a share. (Hint: As an investor, you buy fund shares at the offer price and sell at the NAV.) Do not round intermediate calculations. Round the answer to two decimal places.
______%
The approximate rate of return on the Constellation Fund, a load fund, can be calculated using the formula: [(NAV at the end of the period + dividends and capital gains distributions) / (Offer price at the beginning of the period)] - 1.
Given that the NAV a year ago was $21.50, the offer price was $23.35, and the dividends and capital gains distributions over the year totaled $1.05 per share, we can substitute these values into the formula. The calculated rate of return, rounded to two decimal places, is ______%.
To calculate the rate of return, we use the formula: [(NAV at the end of the period + dividends and capital gains distributions) / (Offer price at the beginning of the period)] - 1. In this case, the NAV at the end of the period is $23.04, the dividends and capital gains distributions total $1.05, and the offer price at the beginning of the period is $23.35. Plugging in these values into the formula, we can calculate the rate of return.
Rate of return = [(23.04 + 1.05) / 23.35] - 1 = ______%
The calculated rate of return represents the approximate return on investment for the Constellation Fund over the one-year period.
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How can governments get involved to reduce wasteful practices and depletion? List at least 3. O International agreements O Consumer awareness O Creating marine reserves O All of the above
Governments can get involved to reduce wasteful practices and depletion through international agreements, consumer awareness, and creating marine reserves.
International agreements are contracts between two or more nations which are legally binding under international law. International agreements are used to reduce wasteful practices and depletion. International agreements can also be used to promote sustainable use of resources. Consumer awareness refers to the knowledge and understanding that consumers have about the environmental impact of their purchases. Governments can help reduce wasteful practices and depletion by promoting consumer awareness through public education campaigns, product labeling, and other means.
Marine reserves are areas of the ocean that are protected by law from human activities that can harm marine life. Governments can reduce wasteful practices and depletion by creating marine reserves to protect threatened species and ecosystems. Marine reserves also promote sustainable fishing practices and can help preserve biodiversity. All of the above options (international agreements, consumer awareness, and creating marine reserves) can be used by governments to reduce wasteful practices and depletion.
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The price of a bond (with par value of $1,000) at the beginning of the year is $970 and at the end of the year is $990. What is the holding-period return if the annual coupon rate is 3.5%? O 4.50% O 4.08% O 5.56% O None of the answers is correct O 5.67%
The holding-period return of the bond is approximately 5.67%. To calculate the holding-period return (HPR) of a bond, we need to consider both the price change and the coupon payments received during the holding period.
Given:
Par value: $1,000
Beginning price: $970
Ending price: $990
Annual coupon rate: 3.5%
First, let's calculate the coupon payments received during the holding period. Since the coupon rate is 3.5% and the par value is $1,000, the annual coupon payment is $1,000 * 3.5% = $35.
Next, let's calculate the price change during the holding period. The price change is the difference between the ending price and the beginning price: $990 - $970 = $20.
Now, let's calculate the total return, which is the sum of the price change and the coupon payments:
Total Return = (Price Change + Coupon Payments) / Beginning Price
Total Return = ($20 + $35) / $970
Total Return ≈ 0.0567
Finally, to get the holding-period return (HPR), we convert the total return to a percentage:
HPR = Total Return * 100
HPR ≈ 5.67%
Therefore, the holding-period return of the bond is approximately 5.67%.
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Case study: Pacific Rim Distributors
Product: craft beer
Pacific Rim Distributors was created in 2016 to take advantage of opportunities in Asia-Pacific markets. Breweries in Canada make high-quality beer, but needed the backing of Pacific Rim Distributors to bring it to market in this part of the world.
Since the new Asia-Pacific region trade agreement came into effect, Senez has scouted potential markets in member countries. Pacific Rim Distributors had never considered exporting Canadian craft beer to Vietnam, for instance, but the CPTPP puts this option on the table. He expects Pacific Rim Distributors to export Canadian craft beer to Malaysia starting in July.
Senez attributes some of Pacific Rim Distributors' rapid success to support and guidance from Canada's Trade Commissioner Service.
""The trade commissioner literally sat in on every single meeting we had in Taiwan,** Senez says. "The meetings focused on finalizing a deal to have convenience store chain 7-Eleven distribute our clients' craft beers.""
Pacific Rim Distributors will continue to surf the craft-beer wave and bring the best brew to beachfront resorts in Singapore and beyond.
(Source: Adapted from Trade Commissioner Service, 2019)
You are an employee/researcher at Pacific Rim Distributors and might be assigned to conduct a research on exporting craft beer to Singapore.
a) Discuss the important considerations for international trade, specifically in this case, for exporting craft beer to Singpapre.
b) Discuss how you can use international trade research to help strategic planning for Pacific Rim Distributors.
c) Provide at least 5 sources for international trade research for Canadian companies such as Pacific Rim Distributors (list the sources we discussed in class and explain the data and information they provide)
a) Important considerations for exporting craft beer to Singapore:
Market ResearchRegulatory ComplianceDistribution ChannelPricing and TaxationWhat is the exporting considerationsConduct thorough market research to understand consumer demand, preferences, trends, and competition. Assess target market, growth potential, and entry barriers.
Get familiar with Singapore's alcoholic beverage import regulations and requirements for regulatory compliance. Comply with local standards for labeling, packaging, and quality of your craft beer. Find distributors/partners in Singapore with experience in the beverage industry.
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20- Why is it important to have open-ended questions in survey instruments?
Explanation:
Open-ended questions allow respondents to provide more detailed and nuanced responses, which can lead to a better understanding of their thoughts and feelings. This can help survey creators to identify patterns and insights that they may have missed with closed-ended questions.
Banking System Note: the monetary aggregates below are for all banks in the banking system Currency held by the public = $180 billion Total Checkable Deposits $720 billion Total Bank Reserves = $185 billion Required reserve ratio = 25%. Assuming that Bank A is fully loaned up, if it has $6,000.000 in checkable deposits and $5,250,000 in loans, it will have total reserves equal to $. Assuming that Bank A is fully loaned up, has $5,000,000 in checkable deposits, and $4,750,000 in loans, it would have total reserves equal to $. If the required reserve ratio is 20% and Bank A has $500,000 in checkable deposits, Bank A's required reserves would equal $
Assuming that Bank A is fully loaned up, has $5,000,000 in checkable deposits, and $4,750,000 in loans, it would have total reserves equal to $183,500,000. If the required reserve ratio is 20% and Bank A has $500,000 in checkable deposits, Bank A's required reserves would equal $100,000.
In the given case, the following terms are associated with the Banking System:
Currency held by the public = $180 billion
Total Checkable Deposits = $720 billion
Total Bank Reserves = $185 billion
Required reserve ratio = 25%.
To calculate the total reserves of Bank A, we have to use the formula given below;
Total reserves = Required reserves + Excess reserves
So, let's calculate the total reserves of Bank A;
If Bank A has $6,000,000 in checkable deposits and $5,250,000 in loans, it will have the following;
Required reserves = Checkable deposits × Reserve ratio= $6,000,000 × 0.25= $1,500,000
Excess reserves = Total reserves - Required reserves= $185,000,000 - $1,500,000= $183,500,000
Therefore, Bank A will have total reserves of $183,500,000.
If Bank A has $5,000,000 in checkable deposits and $4,750,000 in loans, it will have the following;
Required reserves = Checkable deposits × Reserve ratio= $5,000,000 × 0.25= $1,250,000
Excess reserves = Total reserves - Required reserves= $185,000,000 - $1,250,000= $183,750,000
Therefore, Bank A will have total reserves of $183,750,000.
Now, let's calculate the required reserves of Bank A if the required reserve ratio is 20% and Bank A has $500,000 in checkable deposits;
Required reserves = Checkable deposits × Reserve ratio= $500,000 × 0.20= $100,000
Therefore, Bank A's required reserves would equal $100,000.
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At December 31 1 Year Ago 2 Years Ago Assets Cash $36,733 $ 37,506 Accounts receivable, net 62,300 50,900 Merchandise inventory Prepaid expenses 84,000 53,000 111,000. 10,120 285,315 9,643 4,167 Plant assets, net 261,945 229,527 Total assets $ 527,360 $ 454,621 $ 375,100 Liabilities and Equity Accounts payable $50,008 Long-ters notes payable $ 77,599 105,60 $ 132,626 100,135 162,500 132,099 83,726 Common stock, $10 par value 162,500 Retained earnings 162,500 108,014 78,866 Total liabilities and equity $ 527,350 $ 454,621 $375,100 The company's income statements for the current year and one year ago follow.
The company is doing better than it was the previous year. However, it is essential to keep an eye on the cost of goods sold and operating expenses to ensure profitability.
A company's income statements for the current year and one year ago were given. The information is:Current Year One Year AgoSales revenue $510,350 $438,925Cost of goods sold 346,590 285,640Gross profit 163,760 153,285Operating expenses 128,670 118,550Net income $ 35,090 $ 34,735We can evaluate the company’s performance by analyzing its income statements.
It will show the company’s profits, expenses, and net income for the current year and the previous year.The sales revenue has increased from $438,925 to $510,350, representing an increase of $71,425. The gross profit has also increased from $153,285 to $163,760, representing an increase of $10,475.
This means the company made more money on every sale. However, cost of goods sold has also increased from $285,640 to $346,590, representing an increase of $60,950. This implies that the company is spending more money to manufacture the product than before.
Operating expenses have also increased from $118,550 to $128,670, representing an increase of $10,120. The net income has also increased from $34,735 to $35,090, representing an increase of $355.
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if you were to invest €100000 with compounding interest at a rate of 7% p.a., how many years is required for your investment to be worth €200000? Use both standard formula and rule of 72
Both the standard formula and the Rule of 72 estimation suggest that it would take approximately 10 years for the investment of €100,000 to grow to €200,000 with a compounding interest rate of 7% per annum.
How to use the rule of 72Using the standard formula for compound interest, we can determine the number of years required for the investment to be worth €200,000.
The formula for compound interest is:
A = P(1 + r/n)^(nt)
Where:
A = Final amount (€200,000)
P = Principal amount (€100,000)
r = Annual interest rate (7% or 0.07)
n = Number of times interest is compounded per year (assuming yearly compounding)
t = Number of years
Plugging in the values, we have:
€200,000 = €100,000(1 + 0.07/1)^(1*t)
Dividing both sides by €100,000, we get:
2 = (1.07)^t
Taking the natural logarithm of both sides, we get:
ln(2) = t * ln(1.07)
Solving for t, we have:
t = ln(2) / ln(1.07)
Using a calculator, we find that t ≈ 10.24 years.
Now, let's use the Rule of 72 to estimate the number of years required for the investment to double.
The Rule of 72 states that to approximate the number of years it takes for an investment to double, divide 72 by the annual interest rate.
In this case, the annual interest rate is 7%. Using the Rule of 72:
72 / 7 ≈ 10.29 years
Therefore, both the standard formula and the Rule of 72 estimation suggest that it would take approximately 10 years for the investment of €100,000 to grow to €200,000 with a compounding interest rate of 7% per annum.
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The inverse demands in the home and foreign country are p=a-y and p*=a-y*, where y and y* are the per capita quantities consumed. There are L consumers in the home country and L* consumers in the foreign country. (i) firms are competitors; (ii) marginal production cost and transportation cost are zero; (iii) fixed cost is "F" in both countries.
Question: Explore how moving from autarky to free trade affects the total number of active firms and how it affects welfare (a Cournot Case). Explain the welfare analysis in terms of consumer welfare (i.e. consumer surplus), producer welfare (profits). Please explain the step by step solution.
Consumer welfare increases due to lower prices and expanded variety of goods, while producer welfare may increase or decrease depending on market conditions and cost structures.
In autarky, each country operates independently without trade. With zero marginal production cost and transportation cost, the inverse demands in both countries are p = a - y and p* = a - y*, where y and y* are the per capita quantities consumed, and a represents the intercept of the demand curves.
Moving to free trade allows for the exchange of goods between the two countries. This increased market size allows for more firms to operate. The total number of active firms increases in both countries due to expanded demand and market opportunities.
Regarding welfare analysis, consumer welfare is positively affected by free trade. Consumers benefit from lower prices resulting from increased competition and expanded variety of goods available from both domestic and foreign producers. Consumer surplus increases due to these lower prices and expanded choices.
Producer welfare, on the other hand, can vary depending on market conditions and cost structures. In some cases, producers may benefit from free trade by accessing larger markets and capturing economies of scale. However, increased competition from foreign firms can also put pressure on domestic producers, potentially reducing their profits.
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If a bank has increase bank profits. rate-sensitive assets than liabilities, then, A) fewer; an increase C) more; a decline in interest rates will B) more; an increase D) fewer; a surge
The primary response to this question is B) greater; an increase, if a bank has more rate-sensitive assets than liabilities. The main assets and liabilities that are affected by changes in interest rates in banking are rate-sensitive assets and liabilities (RSAs and RSLs).
The terms refer to bank assets or liabilities for which the interest rate changes have a significant impact on bank net income. Banks, in general, seek to manage interest rate risk by monitoring and adjusting the balance between rate-sensitive assets and liabilities on their balance sheets. When a bank's rate-sensitive assets exceed its rate-sensitive liabilities, it is referred to as a net long position. Conversely, if a bank's rate-sensitive liabilities are higher than its rate-sensitive assets, it is referred to as a net short position.
Therefore, if a bank has more rate-sensitive assets than liabilities, this means that the bank is in a net long position, and it will benefit when interest rates rise because its net interest income (NII) will increase. If interest rates fall, the bank's net interest income will decrease. The bank, on the other hand, will face a decline if it has more rate-sensitive liabilities than assets.
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Anna's son, Steven will start college in 9 years. Tuition costs $34,000 today, increasing at an annual rate of 6.1%. Anna wants to earn 3.8% annually on her investments. If she makes an initial investment one year from now, and annual additions at the end of each year until Steven starts college, what is the size of the annual (level) investments she must make to fund 4 years of Steven’s college education? Round the answer to two decimal places.
The size of the annual (level) investments Anna must make to fund 4 years of Steven’s college education is $4364.62.
Amount needed after 9 years is the future value of $34000 invested for 9 years at 6.1% p.a. which is given by:
P(1 + R/100)^T= $34000(1 + 6.1/100)^9= $34000 × 1.852 = $62944.16
Let the size of the annual (level) investments be x dollars.
She invests one year from now, so her investment will earn an interest of 3.8% for 8 years and 9 years for the annual additions. The amount of investment at the end of the ninth year will be equal to the future value of an ordinary annuity formula.
fv = x[(1 + r)^n - 1] / r
Where, x = Investment at the end of each year, r = rate of interest per period, n = number of periods (years) = 4
Let’s find the value of 'fv'.
fv = x[(1 + r)^n - 1] / r= x[(1 + 0.038)⁴ - 1] / 0.038 = x[1.16631928 - 1] / 0.038 = x[0.16631928] / 0.038 = $4364.62
Therefore, the annual investments she must make is $4364.62 (approx).
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on march 5, 2013, the dow jones industrial average set a new high. the index closed at 18,565.54, which was up 143.40 that day. what was the return (in percent) of the stock market that day?
The return of the stock market on March 5, 2013, was approximately 0.7777%.
To calculate the return of the stock market on March 5, 2013, we need to determine the percentage change in the Dow Jones Industrial Average (DJIA) from the previous day's closing value to the closing value on March 5, 2013.
Let's denote the previous day's closing value as "P" and the closing value on March 5, 2013, as "C".
Given that the DJIA closed at 18,565.54 on March 5, 2013, and was up 143.40 points, we can calculate P as follows:
P = 18,565.54 - 143.40 = 18,422.14
To calculate the return percentage, we use the following formula:
Return (%) = [(C - P) / P] * 100
Substituting the values, we have:
Return (%) = [(18,565.54 - 18,422.14) / 18,422.14] * 100
Return (%) = (143.40 / 18,422.14) * 100
Return (%) ≈ 0.7777%
It's important to note that this calculation only represents the return for that specific day and does not reflect long-term market performance. The return on a single day does not provide a complete picture of overall market trends or investment performance.
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The comparative advantage can also be demonstrated with agents rather than countries. Let’s say that Angela Merkel and her husband live in a world in which Merkel has not retired yet, and they need only two goods, chancellorship for Germany and academic physics papers. Angela Merkel is a politician and a physicist, she can produce policies for Germany at a cost of 80 hours work, and physics papers at the cost of 90 hours work. Her husband is not a politician, so his cost of producing policies for Germany is high (120 hours). He is a chemist rather than a physicist, so he is also worse at writing physics papers, but his education is close enough, he can write a paper within 100 hours.
They both have a budget of 1000 work hours left before retirement (i.e. Merkel has 1000h and her husband also has 1000h). As in real life, it is possible to produce imperfect policies and working papers rather than peer-reviewed articles (e.g., 1.45 policies and 1.9 papers). If they trade optimally, how much do they each produce?
Merkel produces ____ policies and ____ papers.
Her husband produces ___ policies and ____ papers.
Merkel produces 6 policies and 5 papers, while her husband produces 4 policies and 5 papers.
Merkel should focus on developing policies because she has a comparative advantage in this area, and her husband should focus on producing papers because he has a comparative advantage in this area.
Compared to her spouse, Merkel can create 1.45 policies and 1.9 papers each hour whereas he can only produce 1.33 policies and 2. Merkel must therefore provide 6 policies and 5 papers, whereas her husband must produce 4 policies and 5 papers, in order to achieve optimal trade.
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Question 53 of 75. In which of the following scenarios are qualified educational expenses for the education credits NOT reduced? O Paige received a tax-free fellowship from Carnegie Mellon University
If option A: Paige received a tax-free fellowship from Carnegie Mellon University, qualified educational expenses for the education credits would not be reduced.
What is the educational expenses?Scholarships, grants, or fellowships are exempt from taxes when they are utilized for educational purposes, including tuition, supplies, books and fees.
Education credits, for instance, the American Opportunity Credit or the Lifetime Learning Credit, are advantageous tax incentives which can lessen the weight of higher education expenses. Usually, these credits are calculated according to the sum of tuition-related expenditures paid in the fiscal year.
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