Answer:
The value of the marginal product of the last worker hired is $20
The marginal product of the last worker hired is 4 sandwiches per hour
Please kindly note the difference between the terms, value of marginal product and the term marginal product
Explanation:
Since the uncle is trying to maximize profit, then he will hire workers up to a point where the wages of the workers equals their marginal product value
Now, from the question, the value of the wages is $20 per hour, this also means that their marginal product too will be $20 per hour
This automatically means that the value of the marginal product of the last worker hired is also $20
Mathematically;
Value of marginal product = Marginal product * price
Thus, marginal product = value of marginal product/ price
= $20/$5 = 4
This means that the new worker hired marginal product is 4 sandwiches per hour
A newly issued bond pays its coupons once annually. Its coupon rate is 5.7%, its maturity is 20 years, and its yield to maturity is 8.5%. a. Find the holding-period return for a 1-year investment period if the bond is selling at a yield to maturity of 7.5% by the end of the year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
16.56%
Explanation:
Intial Price, P0=753.03
when n=20, pmt=57 ,fv=1,000 ,i=8.5
Next year price = P1= $820.74
when n=19, pmt= 57, fv =1,000, i= 7.5
HPR=$57+(820.74-75303) / $753.03
HPR= 0.165611 = 16.56%
The holding period return is 16.56%
silence is gold explain in a hundred words that can be used ethically at workplace
Answer:
Silence is gold is the business strategy used by many organizations in relation to communication ethics. The business communication is effective when the precise and correct information is circulated. When there is culture of unnecessary talks in business there can be unhealthy arguments and excessive criticisms which may ruin business strategies. Business ethics is implementing strategies which are to be followed by all employees. The strategies are formed after keeping in mind concerns of all stakeholders including how to treat employees. The silence can be a business ethics strategy to avoid gossips, as it may lead to negative consequences at the workplace.
Explanation:
Silence is strategy of introvert people but it is hard for extroverts to keep silence in a communication. There are some situations where keeping silent is better than to speak. There can be business situations where excess talks can bring negative effects to the company profits and may disturb company culture. Silence is peaceful and implementing culture of silence may bring peace to a business. When there will be less talks among employees the people will be more productive and focus on their own tasks rather than wasting time in an unhealthy discussion. Keeping this in mind it is fairly said "Silence is Gold"
Massachusetts passed a law forbidding any public utility from encouraging a pro-nuclear energy position in utility advertisements or in billing information provided to customers. Is the targeting speech protected under the freedom of speech clause
Answer:
Targeting speech is protected by the freedom of speech clause of the First Amendment of the United States Constitution.
Explanation:
It clearly states that
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."
The above amendment guarantees the freedom and the rights of individuals to speak freely. Kindly note that an individual under the law may be:
Human or a Natural Person or a Physical Person. An example of a Natural Person is the person reading this or the person who wrote it. Legal, corporate, or juristic. An example of a corporate is an organisation such as is referred to in the question. The Public Utility Companies are corporate individuals and are beneficiaries of the freedom of expression or speech afforded by the First Amendment.
Cheers!
In 2015, a former Google engineer, Erica Baker, made a spreadsheetshowing pay disparities at the company. She shared the information in a Twitter thread. In 2017, the U.S. Department of Labor alleged that the search giant had "systematic compensation disparities against women" and sought payroll records. Google annually reviews pay levels and denies any disparities. In reviewing pay levels, Google's management is focused on:________a. Job satisfaction b. Organizational justice c. Organizational commitment
Answer:
b. Organizational justice.
Explanation:
In reacting to the allegations that Google engages in "systematic compensation disparities against women" and the request of payroll records by the U.S. Department of Labor in 2017.
Google annually reviews pay levels and denies any disparities against women. In reviewing pay levels, Google's management is focused on organizational justice. The concept of organizational justice was first introduced by Greenberg in the year 1987.
Organizational justice is an organizational concept that describes an employee's perception of decisions, fairness, behaviors and actions with respect to how these employees are affected or influenced both psychologically and other wise at work.
Organisational justice deals with all workplace related activities, ranging from salary to relationships between superiors and their subordinates, equal rights, gender equality and even access to training and promotion.
For the purpose of trust, loyalty and progressive work attitudes, it is very important that organizations prioritize organizational justice.
Hence, if Google focuses on organizational justice, it will help to build trust and address the issue of pay level disparities among its employees.
Maggie must decide if she wants to open a start-up or work as an economics tutor. The business she is considering is risky because with 60% probability she earns $300 and with 40% probability she earns nothing. As an economics tutor she earns $160 with certainty. She has an initial wealth of $100 and her utility function is
Answer: The answer is provided below
Explanation:
Here is the complete question:
Maggie must decide if she wants to open a start-up or work as an economics tutor. The business she is considering is risky because with 60% probability she earns $300 and with 40% probability she earns nothing. As an economics tutor she earns $160 with certainty. She has an initial wealth of $100 and her utility function is
U(C) = ✓C
a. What is Maggie's expected income from her start up?
b. What is Maggie's expected utility for opening the start up?
c. What is Maggie's certainty equivalent associated with opening the start up?
a. Expected income = 60% of ($100 + $300) + (40% of $100)
= (0.6 × 400) + (0.4 × 100)
= $240 + $40
= $280
Maggie's expected income from her start up is $280.
b. Expected utility
= (60% × ✓100 + ✓300) + (40% × ✓100)
= (0.6 × ✓400) + (0.4 × 10)
= (0.6 × 20) + (0.4 × 10)
= 12 + 4
= 16
Maggie's expected utility for opening the start up is 16
c. Certainty equivalent
U(C) = ✓C
Since expected utility= 16
✓C = 16
C = 16²
C = 16 × 16
= 256
Maggie's certainty equivalent associated with opening the start up is 256.
Ben Collins plans to buy a house for $281,000. If that real estate is expected to increase in value by 8 percent each year, what will its approximate value be seven years from now? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Answer:
$ 481,634.00
Explanation:
The approximate value of the property in seven years's time can be determined by using the future value formula given below:
FV=PV(1+r)^n
PV is the current value of the house which is the cost of $281,000
r is the rate of appreciation in value yearly which is 8%
n is the number of years in which the property is expected to appreciate
FV=$281,000*(1+8%)^7=$ 481,584.62
Alternatively:
FV=PV*annuity factor of 8% in year 7
annuity factor is 1.714
FV=$281,000*1.714=$481,634.00
Dickinson Company has $11,820,000 million in assets. Currently, half of these assets are financed with long-term debt at 9.1 percent and a half with the common stock having a par value of $8. Ms. Smith, Vice President of Finance, wishes to analyze two refinancing plans, one with more debt (D) and one with more equity (E). The company earns a return on assets before interest and taxes of 9.1 percent. The tax rate is 40 percent. Tax-loss carryover provisions apply, so negative tax amounts are permissible.
How would each of these plans affect earnings per share? Consider the current plan and the two new plans. (Round your answers to 2 decimal places.)
Answer:
Current Plan Plan D Plan E
Earnings per share (EPS) 0.44 0.34 0.04
Explanation:
I-Current Plan :
Total assets $11,820,000 million
Total debt 50% $11,820,000
= $5,910,000 million
Total equity
= $5,910,000 million
Number of shares
5910000/8= 738750 million
Current Plan:
Return on asset before interest and tax is 9.1%
= 11820000*9.1%
=$1075620 million
Less Interest paid to debt holders 9.1%
=5910000*9.1%
= ($537810) million
Less Tax 40%
=(1075620-537810)*40%
= ($215124)million
Available Net Income to equity shareholder
$322686 million
EPS=322686/738750
= 0.44
II-Plan D
Total assets= $11,820,000 million
Total debt= (50% ×11,820,000)+2955000
= $8865000 million
Total equity
5910000 - (369375*8)
=5910000-2955000
= $2955000 million
Number of shares =
=2955000/8
=369375 million
Plan D :
Return on asset before interest in which tax is given as 9.1%
= 11820000*9.1%
=$1075620 million
Less Interest paid to debt holders 9.1% =5910000*9.1%
= ($537810) million
Less Interest paid to debt holders 11.1%
=295500*11.1%
= ($328005) million
Less Tax40%
=(1075620-537810-328005)*40%
($83922)million
Net Income available to equity shareholder $125883 million
EPS=
=125883/369375= 0.34
III Plan E :
Total assets= $11,820,000 million
Total debt
= 5910000-2955000
=$2955000 million
Total equity
= 5910000 + (369375*8)
=5910000+2955000
= $8865000 million
Number of shares =8865000/8
=1108125 million
Plan E :
Return on asset before interest and tax is given as 9.1%
= 11820000*9.1%
=$1075620 million
Less Interest paid to debt holders 9.1% =2955000*9.1%= ($268905) million
Less Tax 40%
=(1075620-268905)*40% ($322686)million
Net Income available to equity shareholder $484029 million
EPS
=484029/1108125= 0.04
Current Plan Plan D Plan E
Earnings per share (EPS) 0.44 0.34 0.04
The adjusted trial balance of Grouper Corp. at December 31, 2022, includes the following accounts: Retained Earnings $16,300, Dividends $5,800, Service Revenue $36,100, Salaries and Wages Expense $13,800, Insurance Expense $1,790, Rent Expense $4,010, Supplies Expense $1,490, and Depreciation Expense $850.
Required:
Prepare an income statement for the year.
Answer:
net income is $ 14,160.00
Explanation:
The income statement from which the net income for the year is derived is shown below:
Grouper Corp. Income Statement as at 31 December ,2022.
Service revenue $36,100
salaries and wages expense $13,800
insurance expense $1,790
rent expense $4,010
supplies expense $1,490
depreciation expense $850
Total expenses ($ 21,940)
Net income $ 14,160
ending retained earnings =$ 14,160.00+$16,300.00-$5,800.00=$24,660.00
The key difference between an agency shop agreement and an open shop agreement is that in an agency shop:_____________
a) workers must agree not to join a union in order to keep their jobs while in an open shop workers are free to join a union if they wish, but they are not required to do so.
b) the union is restricted to a limited number of employees who perform specific types of jobs, but in an open shop membership in the union is available to all workers.
c) workers must join the union within a stipulated time period (usually 30, 60, or 90 days) in order to keep their jobs, but in an open shop the workers are not required to join the union.
d) workers who do not join the union must pay a fee or regular dues, while in an open shop workers who choose not to join the union do not have to pay any union fees or dues.
Answer:
A
Explanation:
The key difference between an agency shop agreement and an open shop agreement is that in an agency shop workers must agree not to join a union in order to keep their jobs while in an open shop workers are free to join a union if they wish, but they are not required to do so. Thus, option (a) is correct.
What is agreement?An agreement is a written agreement between two or more persons to do something. To make a legally binding commitment, two or more parties must agree on the parameters of the agreement. The terms and conditions are always included in the signed agreement.
The fundamental distinction between the agent shop arrangement and the flow shop agreement is that the employees are in the shop agreement but are not union members. In the agency shop agreement, the order to join a union was the focal point, and the shop staff were members of the union.
As a result, the significance of the agreement are the aforementioned. Therefore, option (a) is correct.
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Discuss the statement: ‘Silence is Golden’ in approximately a hundred 300 words, in
relation to ethics in communicating at the workplace.
Answer:
Silence is golden
Silence is very peace word and it is describing as the golden word. It is the very popular proverb. In the common word we say, it is the better word for everyone to make silence because, without any important topic, unnecessary talk creates bad effort, so it better to remain in the silent zone.
‘Silence is golden’ is the great idiom used by the most nations. Silence is the best policy and everyone have to better understand the value of the make silence.
‘Speech is silver, Silence is golden’ is the full phrase. It is better to maintain the quiet and silent and not say nothing. One should think before saying any words.
There is the comparison in both words listen and silent is same letters but arranged differently.
Latin word
The Latin version of “Silence is Golden” is “silentium est aurum”. “Silentium’ means “Silence” and “aurum” means “Gold or something made of gold”.
It is the tendency of human to talk more and to listen less, the main cause of it is that we have forgotten the art of waiting and allowing ourselves to listen to other viewpoints.
Explanation:
When the person is a silent, they should prefer to keep quiet, so it will be the great think for them. It is abstaining from speaking for the people.
The understanding and learned people say something only that time when talking are necessary and meaningful.
On the other hand, people say that little thing, which expresses the knowledge of them and where it needs to speak.
The one thing is always should in our mind is that whenever you want to speak something, so before saying any word you have to understand the own word.
It displays great ability of everyone, so make good control during speaking and speak related to the subject, what they want to say.
Value of silence
The value of silence is great, especially when it is desirable.
You don’t need to speak every time to create an impression.
Sometimes, people leave better impressions who display the strength of character by remaining quiet and calm during challenging moments.
Remember, that “words are like arrows, you can’t take them back after you let them back.”
Why make silence
When we are silent and waiting, something great inside us keeps on growing, and silence gives birth to creativity, moreover the more we keep silent the less the heart that can be hurt.
There are times when silence become the most potential way of communication and it’s more effective than words, for instance sometimes a silent angry look from our parents enough to let us feel their fury and agony, and this angry look capable of making us behave better than harsh reprimand or scolding.
Lovers all over the world prefer to communicate with silent, It’s more romantic and it’s a famous telepathy between two people who have strong feelings for each other.
Undeniably, silence needs a special kind of power and authority of mind, to say nothing is more difficult than expressing anger, happiness, love, betrayal with words.
That’s why it’s a quite difficult conflict between a man and his mind to a long journey of controlling our senses and reactions.
Sams Job Shop buys one part- Tegdiws for use in its production system. The parts are needed throughout the entire 365-day year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Data for the product is as follows:
ITEM TEGDIW WIDGET
Annual demand 10,000 5,000
Holding cost (% of item cost) 20% 20%
Setup or order cost $ 150.00 $ 25.00
Lead time 4 weeks 1 weeks
Safety stock 55 units 5 units
Item cost $ 10.00 $ 2.00
Required:
What is the inventory control system for Tegdiws? That is, what is the reorder quantity and the reorder point for Tegdiws?
Answer:
The inventory control system for Tegdiws is 1224.74 Units, the re-order point for Tegdiws is 824.24 Units.
The economic order quantity is also called the inventory control system for Tegdiws.
Explanation:
Solution
Given that:
Now
For Tegdiws Company the following information is given below:
The Annual demand = 10,000
The cost of item = $10.00
The lead time (L)= 4 weeks
The safety cost = 55 units
The ordering cost (S)= $150.00
The holding cost (H) = 20%
The economic order quantity is referred to as the inventory control system for Tegdiws
Thus, we find the inventory control system for Tegdiws which is given below:
EOQ =√ 2DS/h
=√2*10000 *150/2
=1224.74 Units
The next step is to calculate the re-order point for Tegdiws company which is computed below:
R = dL + safety stock
Where
d = This is the demand done weekly
which is,
d = 10000/52
=192.31
Thus,
R = (192.31 * 4) +55
= 120 + 11
=824.24 Units.
You just won the lottery and after taxes you have $32,000. You want to have $1,000,000 by the time you are 65, which is 45 years from now. Assuming that you can earn 9 percent each year on your money, how much (in dollars) of the $32,000 must you invest today
Answer:
$20.692.24 must be invested
Explanation:
The amount to be invested today is the present value of $1,000,000 discounted at 9%.
PV = FV× (1+r)^-n
PV - present value , FV- Future value , r- rate of return, n- number of years
FV =1,000,000, r- 9%, n- 45
PV = 1,000,000 × 1.09^(-45)
PV = 20,692.24
Present Value = $20.692.24
$20.692.24 must be invested out of the $32,000
Your firm has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. Using the discounted payback method, you determine that the project should generate inflows of $30,000, $30,000, $25,000, $20,000, and $20,000 respectively for an expected five years after completion of the project. Your firm's required rate of return is 10%. How long will it take to pay back the initial project investment
Answer:
It will take the project 3 years 3.6 months to pay back the initial investment.
Explanation:
The discounted payback period is the length of time of time it will take the present value of the cash inflows to recoup its initial cost.
To compute the discounted payback period we will follow the steps below:
Step 1: Compute the present value
Compute the Present Value of the cash inflows
Year Present Value Cumulative PV
0 75,000 (75,000)
1 30,000 × 1.1^(-1)= 27272.72 (47,727.27)
2 30,000 × 1.1^(-2) = 24793.38 (22,933.88)
3. 25,000 × 1.1^(-3)= 18782.87 (4,151.0)
4. 20,000 × 1.1^(4) = 13,660.26911
5. 20,000 × 1.1^(-5)= 12,418.42646
Step 2 : compute the payback period using the present value of cash flows
Discounted payback period = 3 years + ( 4,150/13,660)× 12 months
= 3 years 3.6 months
It will take the project 3 years 3.6 months to pay back the initial investment.
On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.
On January 1 2021, Splash City issues $390,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $419,013.
Required:
a. Record bonds issued at a discount and related semiannual interest.
Answer:
Dr cash $310,831
Dr discount on bonds payable $29,169
Cr bonds payable $340,000
On 30th June 2021
Dr interest expense $ 15,542
Cr cash $15,300
Cr discount on bonds payable $242
On 31st December 2021
Dr interest expense $ 15,554
Cr cash $15,300
Cr discount on bonds payable $254
Explanation:
The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.
Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00
Find attached bond amortization schedule.
Here, we are preparing the journal entry to record bonds issued at a discount and related semiannual interest for Splash City.
Journal Entries
Date Account Titles and Explanation Debit Credit
1-Jan-21 Cash $310,831
Discount on issue of bond $29,169
To Bond Payable $340,000
(To record issue of bond at discount)
Date Account Titles and Explanation Debit Credit
30-Jun-21 Interest expense $15,542
($310,831*10% * 6/12)
To Discount on issue of bond $242
To Cash $15,300
(To record interest expense and discount amortization)
Date Account Titles and Explanation Debit Credit
31-Dec-21 Interest expense $15,554
[($310,831+$242)*10%*6/12)
To Discount on issue of bond $254
To Cash $15,300
(To record interest expense and discount amortization)
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The Hasting Company began operations on January 1, 2013 and uses theFIFO method in costing its raw material inventory. An analyst is wondering what net income would have been if the company had consistently followed LIFO (instead of FIFO) from the beginning, 1/1/2013. He has the following information available to him:What would net income have been in 2014 if Hastings had used LIFO since 1/1/2013?a) -$ 110,000 b) -$ 150,000 c) -$ 170,000 d) -$ 230,000
Answer:
b) $ 150,000
Explanation:
Calculation of Hasting Company net income in 2014
Particulars Amount ($)
Pretax Income under FIFO for 2014 170,000
Less:
12/31/2014 Final Inventory under FIFO 270,000
Add:
12/31/2014 Final Inventory under LIFO 210,000
Add:
12/31/2013 Final Inventory under FIFO 240,000
Less:
12/31/2013 Final Inventory under LIFO 200,000
Pretax Income under LIFO for 2014 150,000
The following costs are included in a recent summary of data for a company: advertising expense, $99,500; depreciation expense - factory building, $147,500; direct labor, $264,500; direct material used, $314,500; factory utilities, $119,500; and sales salaries expense, $164,500. Determine the dollar amount of overhead costs.
Answer:
Total overhead= $267,000
Explanation:
Giving the following information:
advertising expense, $99,500
depreciation expense - factory building, $147,500
direct labor, $264,500
direct material used, $314,500
factory utilities, $119,500
sales salaries expense, $164,500.
The overhead costs are all costs incurred involved in the production, but can't be directly assigned to a single product line.
Total overhead= depreciation of factory + factory utilities
Total overhead= 147,500 + 119,500= $267,000
Depreciation is not a cash disbursement.
A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500. What should the company do
Answer:
The multiple choices are as follows:
a.Fire the employees and save $1500 on rent
b.Not fire the employees keeping them generates a profit of $1100 per employee
c.Not fire the employees since keeping them generates a profit of $1085 per employee
d.None of the above
The correct option is C,not fire the employees since keeping them generates a profit of $1085 per employee
Explanation:
The cost of paying all 100 employees is $300,000 i.e ($3000*100)
Since each employee contributes $4,100 to the company bottom-line,all of them would contribute $410,000 as a whole.
The rent of office of $1,500 is also a cost to consider as shutting down would mean rent is no longer paid
Profit from employees=$410,000-$300,000-$1,500=$108,500
Profit per employee=$108500 /100=$1085
The question is incomplete. Here is the complete question
A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500. What should the company do
a. Fire the employees and save $1500 on rent
b. Not fire the employees keeping them generates a profit of $1100 per employee
c. Not fire the employees since keeping them generates a profit of $1085 per employee
d. None of the above
Answer:
Not fire the employees since keeping them generates a profit of $1085
Explanation:
The amount of money contributed by each employee in the company is $4,100
The amount of expenses made is $3,000
Fixed costs can be calculated by dividing the amount of money used in purchasing the office space by the total number of employees
= 1500/100
= $15
Therefore, the earnings made from each employee is
= $4,100-$3,000-$15
= $1085
Hence since the company is making a profit of $1085 per employee then there is no need to fire them.
Michael is a senior in high school and wants to major in a business-related class when he goes to college. Michael plans to select a variety of courses from the School of Business curriculum yet not select a major. After selecting courses based upon availability and interest he earns a sufficient number of credits within this chosen area that enables him to graduate with a major in marketing. Michael has engaged in:
Answer:
Domain planning
Explanation:
When two people are talking, they want the listener to understand what they are saying. They both want to be effective communicators. The same is true of the salesperson who wants the buyer to listen to a sales presentation. What can the salesperson do to help ensure that the buyer is listening
A company began the year with $500 in raw materials and purchased $10,250 more during the year. If the company has $725 in raw materials at the end of the year, then they would report direct materials used of $_______on the schedule of cost of goods manufactured.
A company reported Cost of goods manufactured of $50,000 on the statement of cost of goods manufactured. If the beginning balance in Work in process inventory was $20,000 and the ending balanc was $25,000, then the total manufacturing costs were $______.
A company began the year with $500 in raw materials and purchased $10,250 more during the year. If the company has $725 in raw materials at the end of the year, then they would report direct materials used of $_______on the schedule of cost of goods manufactured.
Answer:
$10,025
Explanation:
Given that,
Company's Beginning Raw materials = $500
Purchases = $10,250
Company's Ending Raw Materials = $725
Hence,
Direct Materials Used:
= Beginning Raw materials + Purchases - Ending Raw Materials
= $500 + $10,250 - $725
= $10,025
Problem 4-03 (Algorithmic) The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenueproducing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 10 Other secured loans 11 Signature loans 12 Risk-free securities 9 The credit union will have $1.7 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments: Risk-free securities may not exceed 30% of the total funds available for investment. Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and signature loans). Furniture loans plus other secured loans may not exceed the automobile loans. Other secured loans plus signature loans may not exceed the funds invested in risk-free securities. How should the $1.7 million be allocated to each of the loan/investment alternatives to maximize total annual return? Round your answers to the nearest dollar. Automobile Loans $ Furniture Loans $ Other Secured Loans $ Signature Loans $ Risk Free Loans $ What is the projected total annual return? Round your answer to the nearest dollar. $
Answer:
auto: $535,500furniture: $144,500other secured: $391,000signature: $119,000risk-free: $510,000projected return: $160,480 (9.44%)Explanation:
We can let the variables a, f, o, s, r stand for the amounts invested in auto loans, furniture loans, other secured loans, signature loans, and risk-free securities, respectively. The restrictions imposed are ...
r ≤ 0.30(1.7·10^6)s ≤ 0.10(a +f +o +s)f +o ≤ ao +s ≤ ra +f +o +s +r = 1.7·10^6And the objective is to maximize ...
p = 0.08a +0.10f +0.11o +0.12s +0.09r
We can write the constraints in standard form as ...
r -510000 ≤ 0-a -f -o +9s ≤ 0-a +f +o ≤ 0o +s -r ≤ 0a +f +o +s +r -1700000 = 0__
It is convenient to formulate this problem as a "solver" problem in a spreadsheet program. The spreadsheet and the solver setup are shown in the attachments. The result is ...
Automobile Loans $535,500Furniture Loans $144,500Other Secured Loans $391,000Signature Loans $119,000Risk Free Securities $510,000The projected total annual return: $160,480 (9.44%)
_____
Comment on the attachments
The first attachment shows the NeoOffice spreadsheet used to solve this problem. The formula shown is filled in all cells G3:G8. The second attachment shows the Solver setup used to solve this problem. There are actually five constraints. The one not showing is $G$7 = 0.
Which of the following statements describes an inherent weakness in the use of the marginal-analysis model for establishing an advertising budget? A. It is unsuitable as a basis for budgeting only in the case of direct-response advertising. B. It only considers environmental factors that affect the effectiveness of the promotional program. C. The budget is often set according to the FIFO method. D. The budget is determined by management solely on the basis of what is felt to be necessary. E. It assumes that sales are determined solely by advertising and promotion.
Answer:
E. It assumes that sales are determined solely by advertising and promotion.
Explanation:
The marginal-analysis model assesses the incremental benefits of an activity compared to the additional costs incurred by that same activity. It is a decision-making tool to help maximize potential profits or benefits.
Sales are not determined solely by advertising and promotion. There are many other factors, including price, demand and supply, the elasticity of the good, the nature of the good, among other factors. The sales of goods considered to be necessities are not affected much by advertising and promotion, unlike luxury goods, for example.
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $156,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment
Answer: 2.72%
Explanation:
An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.
Number of payment period (NPER) = 12 years
Payment per period (PMT) = $15000
Amount needed, PV = $156000
The formula for an annuity is calculated as:
P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)
= Rate(12,15000,-156000,1)
Rate = 2.72%
An online retailer monitors customer complaints through social media. There are seventeen categories associated with these complaints and include such categories as poor quality, not as described on-line, price too high and slow delivery. When creating a chart to determine which of these categories represents the most frequent problem, it will be necessary to draw a?
Answer: Pareto Chart
Explanation:
A Pareto Chart is a type of chart that mixes both the line and bar graphs.
It works by putting the Frequency of the complaint categories on the vertical axis and the category on the horizontal axis.
The frequency bars are arranged from the most frequent to the least frequent and then there is a line that shows the cumulative frequencies of the complaint categories.
The benefit of this graph is that one can see the most frequent complaint as soon as they look at the graph which is why it is most useful to this question.
I have attached an example to better explain.
zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated interest rates are 11% annually (with continuous compounding) how much would you pay today for a zero-coupon bond with a face value of $2,600 that matures in 7 years
Answer:
$1,203.83
Explanation:
For computing the present value using the continuous compounding we need to apply the formula and the calculation part is also shown in the spreadsheet. Kindly find it below.
Given that
Face value = $2,600
Interest rate = 11%
Time period = 7 years
The formula is shown below:
= Face value ÷ EXP (Interest rate × Time period)
= $2,600 ÷ EXP (11% × 7)
= $1,203.83
On January 1, 2018, Brian Company purchased at par $831,000, 6 percent bonds issued by Laura Company to be held as available-for-sale securities. At December 31, 2018, the bonds had a fair value of $804,600. The bond investment was sold on July 1, 2019, for $834,400. Brian Company’s fiscal year ends on December 31. Using the following categories, indicate the effects of the transactions listed above, assuming the securities are available-for-sale.
Answer:
THE TRANSACTION DATE : December 31, 2018.
TRANSACTION: Record the trading securities at fair value.
ASSETS: - 26,400
LIABILITIES:
STAKEHOLDERS' EQUITY: -26,400
REVENUE/GAINS:
EXPENSES/LOSSES: $26,400
NET INCOME: - 26,400
THE TRANSACTION DATE : July 1, 2019.
TRANSACTION: Adjust to fair value.
ASSETS: $29,800
LIABILITIES:
STAKEHOLDERS' EQUITY: $29,800
REVENUE/GAINS: $29,800
EXPENSES/LOSSES:
NET INCOME: $29,800
RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.
Explanation:
So, anything dealing with trading securities has to do with trading in which securities are held down for a period of time and then later the securities will be sold.
So, here are the categories for the transactions listed in the question above, assuming the securities are available-for-sale.
THE TRANSACTION DATE : December 31, 2018.
TRANSACTION: Record the trading securities at fair value.
ASSETS: - 26,400
LIABILITIES:
STAKEHOLDERS' EQUITY: -26,400
REVENUE/GAINS:
EXPENSES/LOSSES: $26,400
NET INCOME: - 26,400
THE TRANSACTION DATE : July 1, 2019.
TRANSACTION: Adjust to fair value.
ASSETS: $29,800
LIABILITIES:
STAKEHOLDERS' EQUITY: $29,800
REVENUE/GAINS: $29,800
EXPENSES/LOSSES:
NET INCOME: $29,800
RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.
A popular cellular telephone provider offers its customers the following data plan: the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20. Suppose the typical consumer has $100 to spend on gigabytes of data (D) or chocolate bars (C) which cost $1 each.
Required:
a. How many gigs of data is the typical customer likely to use?
b. Does your answer depend critically on the steepness or flatness of the typical customer’s indifference curves? Explain.
Answer:
a. 7 gigabytes
b. My answer depends critically on the steepness of the indifference curve
Explanation:
If the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20, then the customer uses
4 gigabytes for $40 + 3 gigabytes for $20 each = 7 gigabytes of data with $100.
An indifference curve shows the combination of two goods that give the consumer equal satisfaction and utility. The indifference curve is typically a graph that has a downward sloping convex to the origin.
My answer depends critically on the steepness of the indifference curve
Clarissa is unable to do her job efficiently because her supervisor often interrupts her work to ask trivial questions. The supervisor can send an email instead of disrupting Clarissa's work. This scenario depicts _____.
Answer:
the use of an incorrect communication medium
Explanation:
In this scenario the supervisor keeps disrupting Clarissa's work by speaking with her and asking trivial questions.
If the supervisor uses the email instead of verbally asking questions this will remove distractions Clarissa is having in her work.
This depicts use of incorrect medium of communication.
When a wrong medium is used to communicate it causes inefficient delivery of the message and can even cause the recipient to not respond.
For example if instructions are to be given to staff for immediate implementation, the most effective way is to set up a meeting feedback can be gotten. This ensures all challenges to implementation are dealt with.
If however the instructions are placed on a notice board, some employees may not read them.
Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells 9,000 widgets a month. Widgets normally sell for $6 each, and cost an average of $5 to make, including fixed costs. The monthly fixed costs are $18,000. Coyote Corp. has offered to buy 1,000 widgets at $4 each. What is the "cost" per unit in the context of evaluating the offer from Coyote Corp.
Answer:
Cost per unit= $5
Explanation:
Giving the following information:
Units= 9,000
Widgets normally sell for $6 each, and cost an average of $5 to make, including fixed costs. The monthly fixed costs are $18,000. Coyote Corp. has offered to buy 1,000 widgets at $4 each.
To determine which option is best, we need to calculate the relevant costs. In this case, we don´t have any information regarding how much of the fixed costs are avoidable. I will assume that none.
Because none of the fixed costs are avoidable, they will remain constant in both options. Therefore, fixed costs are irrelevant.
Cost per unit= unitary variable costs
Cost per unit= $5
It is cheaper to buy the product.
At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 210,000. Shares issued: _______ (all shares were issued at $15 per share; $2,130,000 total cash collected). Treasury stock: 4,000 shares (repurchased at $22 per share). The treasury stock was acquired after a stock split was announced. Net income: $262,200. Dividends declared and paid: $140,760. Retained earnings beginning balance: $565,000.Required: 1. Complete the following tabulation: Shares authorized Shares issued Shares outstanding 2. What is the balance in the Additional Paid-in Capital account. Additional paid-in capital 3. What is earnings per share (EPS). (Round your answer to 2 decimal places.) Earnings per share
Answer:
1) Shares authorized: 210,000.
Shares issued: 142,000 shares
Shares outstanding: 135,000 shares
2) Balance in Additional paid in Capital is $710,000
3) Earning Per Share is $1.94 per share
Explanation:
1) Shares Authorized = 210,000 shares
Shares issued = Cash Collected ÷ Issue Price
= $2,130,000 ÷ $15 per share = 142,000
Shares outstanding = Shares issued - Treasury Stock
= 142,000 shares - 7,000 shares
= 135,000 shares
2) Balance in Additional paid in Capital = (Issue Price - Par Value) × Shares issued
= ($15 - $10) × 142,000 shares
= $710,000
3) Earning Per Share = Net Income ÷ Shares Outstanding
= $262,200 ÷ 135,000 shares
= $1.94 per share
1. The Authorized shares refers to shares that a firm is allowed by law to issue to the public.
The Authorized shares = 210,000 sharesThe Issued shares refers to the shares that the company offers to the public for subscription.
The Issued shares = Cash Collected / Issue Price = $2,130,000 / $15 per share = 142,000 sharesThe outstanding shares refers to the remaining shares after the share repurchase.
The outstanding shares = Shares issued - Treasury Stock = 142,000 shares - 7,000 shares = 135,000 shares2. Balance in Additional paid in Capital = (Issue Price - Par Value) × Shares issued
Balance in Additional paid in Capital = ($15 - $10) * 142,000 shares
Balance in Additional paid in Capital = $5 * 142,000 shares
Balance in Additional paid in Capital = = $710,000
3. Earning Per Share = Net Income / Shares Outstanding
Earning Per Share = $262,200 / 135,000 shares
Earning Per Share = $1.94 per share
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