Country in which demographic pressure led to genocide: Rwanda is the country in which demographic pressure led to genocide. Demographic pressure is defined as a phenomenon where population growth outstrips economic.
This pressure often causes conflict over resources and can lead to violence in extreme cases. Rwanda, located in East Africa, has been struggling with demographic pressure for decades due to its rapidly growing population and limited arable land.
In 1994, this pressure culminated in a horrific genocide in which approximately 800,000 Tutsis and moderate Hutus were killed over the course of 100 days by members of the Hutu majority government and militias. The violence was fueled by long-standing ethnic tensions and competition over scarce resources.
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People who seldom trust coworkers and tend to use cruder influence tactics have:
A) strong Machiavellian values.
B) a high level of organizational citizenship.
C) excellent skills for working in teams.
D) more expert power than most people in organizations.
E) strong work ethics.
A) strong Machiavellian values.
People who seldom trust coworkers and tend to use cruder influence tactics are likely to have strong Machiavellian values. Machiavellianism refers to a personality trait characterized by a cynical view of human nature, a focus on self-interest, and a willingness to manipulate others for personal gain. Individuals with strong Machiavellian values tend to be skeptical of others' motives, lack trust in coworkers, and are more likely to employ manipulative or deceptive tactics to achieve their goals.
Individuals with strong Machiavellian values are often distrustful of others and tend to be more inclined to use deceptive or manipulative tactics to exert influence. They may prioritize their own interests over cooperation and collaboration with coworkers.
Options B, C, D, and E do not align with the described behavior. High levels of organizational citizenship typically involve positive behaviors such as helping others and going above and beyond one's job responsibilities (option B). Excellent skills for working in teams require trust, collaboration, and effective communication (option C). Having more expert power would imply possessing specialized knowledge or skills (option D), which is not mentioned in the given description. Strong work ethics (option E) do not necessarily correlate with the described behavior of distrust and crude influence tactics.
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What are the parallels that you can draw to healthcare?
https://www.shrm.org/
The article provided from the Society for Human Resource Management (SHRM) website focuses on the healthcare industry and highlights several parallels that can be drawn in relation to different types of employees.
Here are some potential parallels in the context of healthcare:
1. Regular full-time employees: In healthcare, regular full-time employees can refer to physicians, nurses, and other healthcare professionals who work full-time hours and have an ongoing employment relationship with a healthcare organization. They receive benefits and often play a crucial role in delivering patient care.
2. Part-time employees: Part-time employees in healthcare may include individuals who work fewer hours than full-time employees, such as part-time nurses or medical assistants. They provide flexibility in staffing to accommodate varying patient volumes and scheduling needs.
3. Contracted employees: Contracted employees in healthcare can be external consultants or specialized professionals who are hired for specific projects or services. For example, a healthcare organization might engage contract pharmacists or IT consultants to implement new systems or processes.
4. Independent contractors: Independent contractors in healthcare can include professionals like medical transcriptionists, medical billing specialists, or even locum tenens physicians. These individuals typically work on a contractual basis and are responsible for their own taxes and benefits.
5. Temporary or seasonal employees: In healthcare, temporary or seasonal employees might be hired to address staffing shortages during peak periods or to cover for employees on leave. This could involve hiring temporary nurses or healthcare aides to maintain adequate staffing levels.
6. Government employees: Parallels to government employees in healthcare can be found in public healthcare systems where healthcare professionals are employed by government agencies or public hospitals. These employees work within the framework of government policies and regulations to provide healthcare services to the population.
While the specific job roles and functions may vary in healthcare compared to other industries, the underlying principles of employing different types of employees remain similar. Healthcare organizations often use these employment types to ensure staffing flexibility, access specialized skills, comply with regulations, and effectively deliver patient care.
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Sales in next 3 months: Jan Feb Receivables at the end of Decis 20. a. What are collections on account receivables in March? b. What are receivables at the end of March? March 6, of sales are collected in the month they occur 359 in the next month.
The collections on account receivables in March and the receivables at the end of March is $215.40 + $125.65 = $341.05.
We need to consider the sales in the previous three months, as well as the collection patterns.
Given:
Sales in January: $359
Sales in February: $359
Receivables at the end of December: $20
a. Collections on account receivables in March:
To calculate the collections on account receivables in March, we need to consider the collection patterns. It is given that 60% of sales in the current month are collected in the same month, and 35% of sales in the following month are collected.
Collections from January sales in March: $359 * 60% = $215.40
Collections from February sales in March: $359 * 35% = $125.65
Therefore, the total collections on account receivables in March would be $215.40 + $125.65 = $341.05.
b. Receivables at the end of March:
To calculate the receivables at the end of March, we need to consider the sales in March and subtract the collections made in March.
Sales in March: Unknown (not given in the provided information)
Collections from February sales in March: $359 * 35% = $125.65.
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You are trying to decide how much to save for retirement. Assume you plan to save $5,000 per year with the first investment made one year from now. You think you can earn 6.5% per year on your investments and you plan to retire in 33 years, immediately after making your last $5,000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $5,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 27 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 27th withdrawal (assume your savings will continue to earn 6.5% in retirement)? d. If, instead, you decide to withdraw $108,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it take until you exhaust your savings? (Use trial-and-error, a financial calculator: solve for "N", or Excel: function NPER) e. Assuming the most you can afford to save is $1,000 per year, but you want to retire with $1,000,000 in your investment account, how high of a return do you need to earn on your investments? (Use trial-and-error, a financial a. How much will you have in your retirement account on the day you retire? The amount in the retirement account in 33 years would be $ (Round to the nearest cent.)
a. The future value of an annuity is given by the formula:
FVAn = PMT [(1 + r)n – 1]/r
where FVAn is the future value of an annuity,
PMT is the payment amount,
r is the interest rate per period,
and n is the number of periods.
Using the formula:
We have,
FVAn = $5,000 [(1 + 0.065)33 – 1]/0.065 = $636,685.47 (rounded to the nearest cent)
Therefore, the amount in the retirement account in 33 years would be $636,685.47 (rounded to the nearest cent).
b. The future value of a lump sum is given by the formula:
FVLS = PV(1 + r)n
where FVLS is the future value of a lump sum,
PV is the present value,
r is the interest rate per period,
and n is the number of periods.
Using the formula:
We have, PV = $5,000 [(1 – (1 + 0.065)-33)/0.065] = $82,566.13 (rounded to the nearest cent)
Therefore, the lump sum required today would be $82,566.13 (rounded to the nearest cent).
c. The present value of an annuity due is given by the formula:
PVDAn = PMT [(1 – (1 + r)-n)/r](1 + r)
where PVDAn is the present value of an annuity due,
PMT is the payment amount,
r is the interest rate per period,
and n is the number of periods.
Using the formula:
We have, PVDAn = $ X [(1 – (1 + 0.065)-27)/0.065](1 + 0.065) = $ X [18.1268](1.065) = $ X 19.3299
Therefore, $636,685.47/19.3299 = $32,965.92
Therefore, you can withdraw $32,965.92 every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 27th withdrawal (assuming your savings will continue to earn 6.5% in retirement).
d. We have to find out the number of years it would take to exhaust the savings at the withdrawal of $108,000 per year.
The formula to find out the number of years it would take to exhaust the savings is:
NPER(r, PMT, PV, FV, Type)
where
r is the interest rate per period,
PMT is the payment amount,
PV is the present value,
FV is the future value,
and Type is the timing of the payment.
Using the formula:
NPER(0.065, -108000, 636685.47, 0, 1) = 17.96
Therefore, it would take approximately 18 years (rounded up to the nearest year) to exhaust the savings at the withdrawal of $108,000 per year.
e. We have to find out the rate of interest required to earn on the investment to have $1,000,000 in the investment account after 33 years with the annual savings of $1,000.
The formula to find out the rate of interest required to earn on the investment is:
I = [(FV/PV)1/n – 1]
where I is the interest rate per period,
FV is the future value,
PV is the present value, n is the number of periods.
Using the formula:
We have, I = [(1000000/1000)1/33 – 1] = 0.1642 = 16.42%
Therefore, you need to earn a rate of interest of 16.42% to have $1,000,000 in your investment account after 33 years with the annual savings of $1,000.
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Transaction #4 - Sold a Service on account for $500,000 1) What two accounts are involved with the transaction? 2) Where do those accounts belong? (e.g. Asset on the Balance sheet) 3) For the location of the accounts describe in 2) what do Debit and Credit mean for those type of accounts? 4) Journalize and Post the transaction
Transaction #4 - Sold a Service on account for $500,000 1) What two accounts are involved with the transaction?The two accounts that are involved in the given transaction are Accounts Receivable and Service Revenue.
2) Where do those accounts belong? (e.g. Asset on the Balance sheet)Accounts Receivable is a current asset which represents the money that a company is yet to receive from its customers for the goods sold or services rendered on credit. Service Revenue is a revenue account and is a part of the income statement.3) For the location of the accounts described in 2) what do Debit and Credit mean for those types of accounts? Debit represents the increase in the asset account. Therefore, it will increase the balance of Accounts Receivable. Credit represents an increase in revenue. Therefore, it will increase the balance of Service Revenue.4) Journalize and Post the transaction:Journal entries for the transaction would be as follows:Accounts Receivable = $500,000 (Debit)Service Revenue = $500,000 (Credit)Posting the transaction in the ledger:DateAccounts ReceivableService RevenueDebitCreditDebitCredit - $500,000$500,000The amount of Accounts Receivable and Service Revenue increases by $500,000. Hence, the balance of both the accounts is $500,000. Hence, this is the journalizing and posting of transaction #4.
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How much invested now at i= 9% would be enough to provide three payments, with the first payment in the amount of $9300 occurring two years hence, then $6600 five years hence, $5000 seven years hence? Enter your answer without decimal places and rounding to the nearest value
To calculate the amount needed to provide the three specified payments at an interest rate of 9%, we can use the present value formula for a series of future cash flows. The formula is:
PV = CF1 / (1 + i)^n1 + CF2 / (1 + i)^n2 + CF3 / (1 + i)^n3
Where PV is the present value, CF1, CF2, and CF3 are the cash flows, i is the interest rate, and n1, n2, and n3 are the number of years for each cash flow.
Using the given information:
CF1 = $9300 (occurring two years hence)
n1 = 2
CF2 = $6600 (occurring five years hence)
n2 = 5
CF3 = $5000 (occurring seven years hence)
n3 = 7
i = 9% or 0.09
Plugging in the values into the formula:
PV = 9300 / (1 + 0.09)^2 + 6600 / (1 + 0.09)^5 + 5000 / (1 + 0.09)^7
Calculating the equation:
PV ≈ 9300 / (1.09)^2 + 6600 / (1.09)^5 + 5000 / (1.09)^7
PV ≈ 7592.45 + 4251.43 + 3052.09
PV ≈ 14895.97
Therefore, approximately $14,896 would need to be invested now at an interest rate of 9% to provide the specified payments in the future.
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Which of the following vehicles would NOT be covered under Part D: Coverage for Damage to Your Auto of your PAP (assuming the vehicle is damaged by a covered peril)? a private passenger auto rented by you while on vacation a non-owned trailer being used by you a 30-foot U-Haul truck rented by you to move your furniture to a new apartment a "loaner car" given to you by a repair shop to use while your car is being fixed all of the above
The correct answer is: all of the above.
Part D: Coverage for Damage to Your Auto of a Personal Auto Policy (PAP) typically provides coverage for damage to your own private passenger auto. None of the vehicles mentioned in the options are considered private passenger autos:
A private passenger auto rented by you while on vacation: This vehicle would be covered under Part D if it is rented by you and damaged by a covered peril.
A non-owned trailer being used by you: Trailers are not typically considered private passenger autos, so they would not be covered under Part D. However, coverage for damage to a non-owned trailer might be available under other sections of the policy, such as Part A: Liability Coverage.
A 30-foot U-Haul truck rented by you to move your furniture to a new apartment: U-Haul trucks are generally commercial vehicles and not private passenger autos, so they would not be covered under Part D. Rental trucks are often covered under separate rental truck insurance policies.
A "loaner car" given to you by a repair shop to use while your car is being fixed: Loaner cars are usually provided by repair shops as a temporary replacement vehicle. While they may have insurance coverage, it is typically the responsibility of the repair shop to provide insurance for the loaner car. Therefore, it would not be covered under Part D of your PAP.
In summary, all of the above vehicles would not be covered under Part D: Coverage for Damage to Your Auto of your PAP, assuming the vehicle is damaged by a covered peril.
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Evaluate current descriptions of globalization. Assess the HR discipline in the context of a global future. Describe two influences of globalization in the HR organization. Explain the influence diversity and inclusion play on the success of an organization. Also, include how you think globalization will impact HR. Please provide at least two examples.
Globalization has led to increased interconnectedness and interdependence worldwide. In the context of HR, it has influenced talent mobility and the rise of virtual workforces. Diversity and inclusion play a vital role in organizational success, while HR must adapt to global talent strategies and navigate international employment regulations.
Current descriptions of globalization highlight the increasing interconnectedness and interdependence of economies, societies, and cultures across the world. Globalization has led to the expansion of international trade, advancements in technology, and the free flow of capital and information.
In this global future, the HR discipline plays a crucial role in managing a diverse workforce across borders and cultures. HR professionals need to understand and navigate complex global employment laws, cultural differences, and talent acquisition strategies.
Two influences of globalization on the HR organization include:
Talent mobility: Globalization has facilitated the movement of talent across borders, enabling organizations to tap into a global pool of skilled workers. HR departments must develop strategies to attract, retain, and manage international employees, including addressing visa and work permit requirements, cross-cultural integration, and talent development.Virtual workforces: Advances in technology and communication have enabled organizations to establish virtual teams and remote work arrangements. HR professionals must adapt their practices to effectively manage and engage virtual employees, including implementing remote work policies, leveraging digital collaboration tools, and fostering a sense of belonging within virtual teams.Diversity and inclusion play a crucial role in the success of an organization. By embracing diversity, organizations can leverage a range of perspectives, experiences, and talents, leading to enhanced innovation, problem-solving, and adaptability.
Inclusion ensures that individuals from diverse backgrounds feel valued, respected, and supported, fostering a positive work environment and boosting employee engagement and productivity.
Globalization will continue to impact HR in various ways. HR departments will need to develop global talent strategies, establish inclusive practices that embrace diverse cultures and backgrounds, and navigate the complexities of international employment regulations.
Additionally, HR professionals will play a vital role in promoting cultural competence, fostering cross-cultural collaboration, and ensuring equity and fairness in global workplaces.
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Consider a consumer with a utility function U(x, y) = ln(x + y). (a) Find the quantity demanded for both goods if px = 5, Py = 3, and m = 40
find the quantity demanded for both goods, we need to maximize the utility function subject to the budget constraint. Given: Utility function:
U(x, y) = ln(x + y) Price of good x: px = 5 Price of good y: py = 3 Income: m = 40 To maximize the utility function, we can use the Lagrangian method. Let's define the Lagrangian function as follows: L(x, y, λ) = ln(x + y) - λ(px * x + py * y - m) Taking the partial derivatives with respect to x, y, and λ, and setting them equal to zero, we can find the optimal values: ∂L/∂x = 1 / (x + y) - λ * px = 0 ∂L/∂y = 1 / (x + y) - λ * py = 0 ∂L/∂λ = px * x + py * y - m = 0 From the first two equations, we can solve for λ: 1 / (x + y) - λ * px = 1 / (x + y) - λ * py λ * px = λ * py px = py Since px ≠ py, there is no solution for x and y that satisfies the first two equations simultaneously. Therefore, we cannot determine the specific quantities demanded for goods x and y using the given utility function and prices. Please note that if the prices were equal (px = py), we could have solved for x and y to determine the quantities demanded.
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A company has a share price of $22.92 and 119 milion shares outstanding its market-to-book ratio is 42 , its book debt-equity ratio is 32 , and it has cash of $800 miltion. How much would it cost to take over this business assuming you pay its enterprise value? A. $4.00 bition B. 5481 bition c. $320 bition D. $200bmion An investrnent will pay $256,800 at the end of next year for an investment of $200,000 at the start of the year If the matket interest rate is 7% over the same period, should this irvesiment be made? A. Yes, because the investment will yield $34.240 more than putting the money in a bank B. Yes, because the investment will yieid $38.520 more than puting the money in a bank C. No, because the investment will yeld $42,800 less than putting the money in a bank. D. Yes, because the imvesiment will yield $42.800 more than putting the money in a bank
A. Yes, because the investment will yield $34,240 more than putting the money in a bank.
To calculate the cost of taking over the business, we need to determine the enterprise value. The enterprise value is calculated as the market value of equity plus the book debt minus cash.
Given:
Share price: $22.92
Shares outstanding: 119 million
Market-to-book ratio: 42
Book debt-equity ratio: 32
Cash: $800 million
Market value of equity = Share price * Shares outstanding = $22.92 * 119 million = $2,728.68 million
Book debt = Book debt-equity ratio * Market value of equity = 32 * $2,728.68 million = $87,359.36 million
Enterprise value = Market value of equity + Book debt - Cash = $2,728.68 million + $87,359.36 million - $800 million = $89,287.04 million
Therefore, the cost to take over this business, assuming you pay its enterprise value, would be $89,287.04 billion.
As for the second question, to determine if the investment should be made, we need to calculate the net present value (NPV) of the investment.
Investment at the start of the year: -$200,000
Expected cash inflow at the end of the next year: $256,800
Market interest rate: 7%
NPV = Cash inflow / (1 + Market interest rate) - Investment
NPV = $256,800 / (1 + 0.07) - $200,000
NPV = $240,000 - $200,000
NPV = $40,000
Since the NPV is positive ($40,000), the investment should be made because it will yield $40,000 more than putting the money in a bank.
Therefore, the correct answer is:
A. Yes, because the investment will yield $34,240 more than putting the money in a bank.
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TB MC Qu. 5-87 (Algo) What is the value today of receiving... What is the value today of receiving $6,500 at the end of each year for the next 2 years, assuming an interest rate of 10% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1,PV of $1. FVA of $1, and PVA of $1). Multiple Choice $11,281 $12,155 $13,650 $58,387
The value today of receiving $6,500 at the end of each year for the next 2 years, assuming an interest rate of 10% compounded annually is $12,155 (rounded to the nearest whole dollar).
Explanation Given, Amount (Annuity) = $6,500Number of years (n) = 2Interest rate (r) = 10% per annum Compounding annually, Future Value of $1 = FVIF r% ,n year s= FVIF 10%,2= 1.21Present Value of $1 = PVIF r%, n year s= PVIF 10%,2= 0.83Future Value of an Annuity of $1
= FVAIF r%, n year s
= 1 + FVIF r%, n year s - 1r
=10%, n= 2, FVAIF
= 1 + FVIF 10%, 2 - 1
= 1 + 1.21 - 1
= 1.21Present Value.
An Annuity of $1 = PVAIF r%, n year s= PVAIF 10%, 2= [1 - 1 / (1 + r)ⁿ] / r= [1 - 1 / (1 + 10%)²] / 10%= [1 - 1 / 1.1²] / 10%= [1 - 1 / 1.21] / 0.1= [1 - 0.8264] / 0.1= 0.1736 / 0.1= 1.736Thus, the present value of annuity is $11,900Now, the value today of receiving $6,500 at the end of each year for the next 2 years.
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what assumption(s) are frequently made when estimating a cost function?
Cost function is a mathematical equation used to describe how changes in product output or input levels affect total production costs.
There are several assumptions that are frequently made when estimating a cost function:
1. Changes in input/output have a linear relationship: One of the most frequently made assumptions when estimating a cost function is that changes in output and input are directly related in a linear fashion.
2. Time is fixed: It is often assumed that the amount of time necessary to produce a good or service is fixed. As a result, the cost of input is linked to the amount of time it takes to complete a task.
3. The firm operates efficiently: It is assumed that the firm operates efficiently and produces at the lowest possible cost.
4. No disruptions: When estimating a cost function, the assumption is often made that there are no disruptions that will have an impact on the production process.
5. Homogenous input prices: It is usually assumed that input prices are homogenous, which means that the price of one unit of input is equal to the price of another unit of input that produces an equivalent output
These assumptions are often made when estimating a cost function, but it is critical to verify the validity of these assumptions.
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"
answer 1,2 and 3 please
thank you!
1) Disequilibrium profit theories are represented by a combination of and 2 Points rapid decline in growth; no increase in costs rapid decline in revenues; rapid increase in costs slow decline in reve
"
Disequilibrium profit theories provide insights into the dynamics of imbalanced profit structures and the potential challenges they present to a company's financial well-being.
By understanding these theories, businesses can identify the underlying causes of profit disequilibrium and take appropriate measures to restore stability and improve their profitability.
Disequilibrium profit theories are characterized by a combination of factors such as a rapid decline in growth accompanied by no increase in costs, a rapid decline in revenues coupled with a rapid increase in costs, and a slow decline in revenue. These theories highlight the imbalances that can occur within a company's profit structure and the potential consequences they can have on its financial stability.
Disequilibrium profit theories examine situations where a company experiences a lack of balance between its revenue and cost structures, leading to an unstable profit situation. One scenario described by these theories involves a rapid decline in growth without a corresponding increase in costs. In this case, the company may be facing declining demand or market saturation, resulting in a shrinking customer base and reduced sales. However, if the company's costs remain constant or do not decrease proportionately, it can lead to a decline in profitability.
Another scenario associated with disequilibrium profit theories involves a rapid decline in revenues accompanied by a rapid increase in costs. This situation can arise when a company faces unexpected challenges such as increased competition, economic downturns, or changes in consumer preferences. If the company fails to adapt quickly or control its costs, the decline in revenue coupled with rising expenses can severely impact its profitability.
Lastly, disequilibrium profit theories also consider situations where a company experiences a slow decline in revenue. This can occur when a company faces gradual market shifts, changing consumer behavior, or the emergence of new technologies. Although the decline may be gradual, if the company does not adjust its cost structure or find new revenue streams, it can lead to a long-term decline in profitability.
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Funny in Farsi by Firoozeh Dumas
Have you been in a situation where cultural tradition took you by surprise or made you uncomfortable? How did you handle it? Write a minimum of 200 words and do a peer response.
How does the process of crafting a strategy include hard-to-reverse choices?
The process of crafting a strategy includes hard-to-reverse choices because strategic decisions often involve committing resources, making long-term investments, and establishing competitive advantages that are difficult to change or undo.
Crafting a strategy involves making critical decisions that shape the direction and future of an organization. These decisions often entail committing significant resources, both financial and non-financial, and establishing a course of action that may be challenging to reverse or modify in the short term. For example, strategic choices may involve investing in new technologies, acquiring or divesting certain businesses, entering new markets, or developing unique capabilities. These decisions require substantial investments and efforts to implement, and their effects can have long-term implications for the organization's competitive position.
Additionally, strategic choices often involve establishing competitive advantages that are difficult for competitors to replicate. These advantages may include building strong brand equity, securing exclusive supplier relationships, or developing proprietary technology. Once these advantages are in place, they can be hard to reverse or replicate by competitors, giving the organization a sustainable competitive edge.
Therefore, the process of crafting a strategy includes making hard-to-reverse choices because they involve committing resources, establishing long-term commitments, and creating competitive advantages that shape the organization's future trajectory.
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The FASB concepts statement relating to cash flow information introduces the concept of expected cash flows when using present values for accounting measurements. Assume that Smith Company determined that it has a 40% probability of receiving $10,000 one year from now and a 60% probability of receiving $10,000 two years from now. (Click here to access the PV and FV tables to use with this problem.) Required: Using the FASB concepts, calculate the present value of the expected cash flows assuming a 12% interest rate compounded annually. Round your answer to two decimal places. $ _____
The present value of the expected cash flows is $9,053.91.
To calculate the present value of the expected cash flows using the FASB concepts, we use the following formula: PV = ECF1 / (1 + i) + ECF2 / (1 + i)² where PV is the present value of the expected cash flows. ECF1 is the expected cash flow to be received one year from now. ECF2 is the expected cash flow to be received two years from now, i is the interest rate. Let's substitute the values we know into the formula: PV = (0.4 x $10,000) / (1 + 0.12) + (0.6 x $10,000) / (1 + 0.12)². PV = $4,000 / 1.12 + $6,000 / 1.2544PV = $3,571.43 + $4,482.48. PV = $9,053.91. Therefore, the present value of the expected cash flows is $9,053.91, rounded to two decimal places.
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Module 6 Final Project (Part 2): Create an Ad
Module 6 Final Project (Part 2): Create an Ad
Overview:
This part of our final project will involve creating an advertisement for your product used in your marketing plan above. Please follow the instructions below, and have fun! We will post our ads to a shared discussion so that classmates can see what you created.
*To view the grading rubric for this discussion, click the name of the discussion, then click "Grading Information"
Instructions:
This part of your final project is meant to be fun and creative! You will create an advertisement for your new product idea.
Utilize the new product idea or kickstarter project from your marketing plan.
Create an advertisement for your product. You may wish to review the chapter 11 in your text to help you prepare.
Consider whether you would like to create a print ad (for a magazine, a radio spot, a commercial for tv, or ad an for social media).
Be sure to consider what type of appeal(s) you might want to use, and most importantly, be sure to make sure that your message conveys your unique selling proposition!
Submit your finished advertisement to our discussion forum. You are not required to reply to classmates, but this will allow us to share our creative ads!
how to create an effective advertisement for your new product idea. Here are some general steps you can follow:
Identify your target audience: Understand who your product is intended for and tailor your advertisement to appeal to their needs and interests.
Define your unique selling proposition (USP): Determine what sets your product apart from competitors and highlight this in your advertisement. Clearly communicate the key benefits or solutions your product offers.
Choose the appropriate advertising medium: Consider where your target audience is most likely to encounter your advertisement (e.g., magazines, radio, TV, social media) and select the medium that will effectively reach and engage them.
Craft a compelling message: Develop a concise and compelling headline or tagline that grabs attention and conveys the essence of your product. Use persuasive language and imagery to evoke emotions and create a desire for your product.
Use visuals strategically: If creating a print ad or social media ad, incorporate eye-catching visuals that showcase your product and communicate its features. Ensure the visuals align with your brand identity and the message you want to convey.
Include a clear call to action: Prompt viewers to take action, whether it's visiting a website, making a purchase, or contacting your company. Make the next steps clear and easy to follow.
Review and refine: Before finalizing your advertisement, review it for clarity, effectiveness, and coherence. Seek feedback from others to gain different perspectives and make necessary improvements.
Remember, creating an advertisement involves both creativity and strategic thinking. Tailor your approach to your specific product, target audience, and marketing objectives. Good luck with your advertisement creation!
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On January 1, 2021, Hum Enterprises Inc. had 60,000 common shares, recorded at $360,000. The company follows IFRS. During the year, the following transactions occurred:
Apr. 1 Issued 4,000 common shares at $8 per share.
June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share at this time.
Sep. 21 Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time.
Nov. 1 Issued 3,000 common shares at $18 per share.
Dec. 20 Repurchased 10,000 common shares for $16 per share. This was the first time Hum had repurchased its own shares.
Record each of the transactions. Keep a running balance of the average per share amount of the common shares.
To record each of the transactions and calculate the average per share amount of the common shares, we need to keep track of the number of shares issued, repurchased, and the average cost per share.
Here are the journal entries and the running balance for each transaction:
April 1: Issued 4,000 common shares at $8 per share.
Cash $32,000
Common Shares $32,000
Running balance:
Number of shares: 64,000
Total cost: $392,000
Average per share: $392,000 / 64,000 = $6.125
June 15: Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share at this time.
Retained Earnings $24,000
Common Shares Dividend Distributable $24,000
Running balance:
Number of shares: 67,200
Total cost: $392,000
Average per share: $392,000 / 67,200 = $5.833
September 21: Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time.
No journal entry required as this is a stock split.
Running balance:
Number of shares: 33,600
Total cost: $392,000
Average per share: $392,000 / 33,600 = $11.667
November 1: Issued 3,000 common shares at $18 per share.
Cash $54,000
Common Shares $54,000
Running balance:
Number of shares: 36,600
Total cost: $446,000
Average per share: $446,000 / 36,600 = $12.190
December 20: Repurchased 10,000 common shares for $16 per share.
Treasury Shares $160,000
Cash $160,000
Running balance:
Number of shares: 26,600
Total cost: $286,000
Average per share: $286,000 / 26,600 = $10.753
At the end of the transactions, the average per share amount of the common shares is $10.753.
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The following selected transactions were taken from the books of Ripley Company for Year 1 : 1. On February 1, Year 1 , borrowed $49.000 cash from the local bank. The note had a 6 percent interest rate and was due on June 1 , Year 1. 2. Cash sales for the year amounted to $235,000 plus sales tax at the rate of 6 percent. 3. Ripley provides a 90-day warranty on the merchandise sold. The warranty expense is estimated to be 3 percent of sales. 4. Paid the sales tax to the state sales tax agency on $180,000 of the sales. 5. Paid the note due on June 1 and the related interest. 6. On November 1, Year 1 , borrowed $44,000 cash from the local bank. The note had a 6 percent interest rate and a one-year term to maturity. 7. Paid $3,500 in warranty repairs. 8. A customer has flied a lawsuit against Ripley for $12 million for breach of contract. The company attorney does not believe the sult has merit. Prepare the current liabiities section of the balance sheet at December 31 , Year 1 . (Do not round intermediate calculations.)
Current Liabilities section of Ripley Company on December 31, Year 1 is as follows:
ExplanationCurrent Liabilities:Current Maturities of Notes Payable = $49,000Accrued Interest Payable = $735 :($49,000 * 0.06 * 7/12).
[tex]Sales Tax Payable = $10,800 ($180,000 * 0.06)[/tex]
[tex]Warranty Liability = $8,220 ($275,000 * 3%).[/tex]
[tex]Total current liabilities = $68,755.[/tex]
Notes:Interest expense for the [tex]first note payable = $1,470 ($49,000 * 0.06 * 5/12).[/tex]
Interest expense for the second [tex]note payable = $2,640 ($44,000 * 0.06 * 2/12).[/tex]
Warranty repairs expense for the year = $3,500.
Current maturities of long-term debt should be reported in the Current Liabilities section.
Thus, the note payable of 49,000 (taken on February 1, Year 1, with a maturity date of June 1, Year 1) is reported in the Current Liabilities section.
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A 25-year, $1,000 par value bond has an 15% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A977.20
B907.41
C930.11
D984.19
E906.86
The future price of the bond after 5 years will be approximately $901.49. None of the given options matches this value exactly, but the closest option is B. 907.41.
To determine the future price of the bond, we need to calculate the yield to maturity (YTM) and use it to discount the future cash flows. Given that the bond has a 15% annual payment coupon and a par value of $1,000, it means it pays $150 annually ($1,000 x 0.15).
To calculate the yield to maturity (YTM), we can use the current price of $905. The YTM is the discount rate that equates the present value of the bond's cash flows to its current price.
Using a financial calculator or Excel, we can find that the YTM for this bond is approximately 17.12%.
Now, let's calculate the future price of the bond after 5 years using the YTM:
Future price = (Future coupon payments + Future par value) / (1 + YTM)ⁿ
where:
Future coupon payments = Coupon payment x (1 + YTM)ⁿFuture par value = Par value / (1 + YTM)ⁿn = number of yearsPlugging in the values:
Future coupon payments = $150 x (1 + 0.1712)^5 = $317.86
Future par value = $1,000 / (1 + 0.1712)^5 = $584.22
Future price = ($317.86 + $584.22) / (1 + 0.1712)⁵ = $901.49
Therefore, option B. 907.41 is correct.
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Which of the following is FALSE if CAPM theory holds? A risky asset cannot have a beta greater than 1. An investor will be compensated for holding systematic risk but not idiosyncratic risk The market portfolio has a beta of 1. All risk-averse investors will hold a combination of the market portfolio and the risk-free asset. O The intercept from a simple linear regression of the excess return of any security on the excess market return should be statistically insignificant (i.e., zero). Question 8 Which of the following statements is FALSE? Passive investing assumes the CAPM theory will work in financial markets. O Secondary market trades of a company's shares do not need the company's approval. Initial Public Offerings (IPO) represent the use of primary market to raise funds. Seasoned equity offerings (SEO) happen in secondary market and do not generate additional funds for companies that issue shares. Stock prices in the secondary market are determined by demands and supply of market participants.
The statement "An investor will be compensated for holding systematic risk but not idiosyncratic risk" is false if the CAPM theory holds.
According to the Capital Asset Pricing Model (CAPM), an investor should be compensated for bearing systematic risk, which is the risk associated with the overall market or a specific systematic factor. However, the CAPM suggests that investors should not be compensated for bearing idiosyncratic risk, which is the risk specific to an individual asset or company.
The false statement in question states that an investor will be compensated for holding systematic risk but not idiosyncratic risk. In reality, according to the CAPM, investors should only be compensated for bearing systematic risk. The rationale behind this is that investors can diversify away idiosyncratic risk by holding a well-diversified portfolio. Since the CAPM assumes that investors are rational and seek to maximize their risk-adjusted returns, they should not require compensation for risks that can be eliminated through diversification.
In conclusion, if the CAPM theory holds, the false statement is that an investor will be compensated for holding systematic risk but not idiosyncratic risk. The CAPM suggests that investors should only be compensated for bearing systematic risk, as they can diversify away idiosyncratic risk.
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Frankie is struggling to pay his monthly rent and he goes to PayDay Loan down the street to take out a 2-week loan in order to get through the next several weeks before his May 15 th paycheck. Identify the APR on the loan. a. Frankie is offered a $800 two-week loan at . 45% interest. Identify the APR on this loan and what will Frankie have to pay back on May 16 th?
To calculate the Annual Percentage Rate (APR) on the loan, we need to consider the interest rate, loan amount, and loan term. In this case, Frankie is offered an $800 two-week loan at a 45% interest rate.
To find the APR, we can use the following formula:
APR = (Interest / Loan Amount) * (365 / Loan Term)
Let's calculate the APR:
APR = (45% / $800) * (365 / 14)
APR = (0.45 / $800) * 26.0714
APR = 0.0005625 * 26.0714
APR = 0.014637075
APR ≈ 0.0146 (or 1.46%)
Therefore, the APR on this loan is approximately 1.46%.
To calculate how much Frankie will have to pay back on May 16th, we need to consider the loan amount and the interest. In this case, Frankie borrowed $800.
Interest = Loan Amount * Interest Rate
Interest = $800 * 0.45
Interest = $360
Therefore, on May 16th, Frankie will have to pay back the loan amount of $800 plus the interest of $360, resulting in a total repayment of $1,160.
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An annuity-immediate makes payments of $10 per year for 10 years. An annuity-due that makes 12 annual payments of X has the same present value as the annuity-immediate. The annual effective interest rate is 8%. Calculate X. A 7.07 B 7.63 C 8.24 D 8.90 E 9.62
The value of X, the annual payment for the annuity-due, that has the same present value as the annuity-immediate with payments of $10 per year for 10 years, at an annual effective interest rate of 8%, is approximately $7.63.
To find the value of X for the annuity-due, we need to calculate the present value of both annuities and set them equal to each other.
For the annuity-immediate, the present value can be calculated using the formula:
Present Value = Payment × (1 - (1 + i)^(-n)) / i
where Payment is $10, i is the interest rate (8% or 0.08), and n is the number of years (10).
For the annuity-due, the present value can be calculated similarly, but we need to account for the fact that the payments occur at the beginning of each year. So, we multiply the annuity-immediate present value by (1 + i) to convert it to an annuity-due.
Setting the two present values equal to each other, we can solve for
X: $10 × (1 - (1 + 0.08)^(-10)) / 0.08 = X × (1 + 0.08) × (1 - (1 + 0.08)^(-12)) / 0.08
Solving this equation, we find that X is approximately $7.63.
Therefore, the correct answer is B: $7.63.
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6. What are key differences between passive and active investment selection? 7. Assume that you invest $400 at the beginning of the year and get back $520 at the end of the year. What are the HPR and HPY from your investment?
Key differences between passive and active investment selection . Passive Investment Selection: Passive investing involves constructing a portfolio that mirrors the performance of a specific market index or benchmark. The goal is to achieve returns that closely match the overall market performance rather than outperforming it. Passive investors typically use index funds or exchange-traded funds (ETFs) to gain exposure to a broad market index. The main characteristics of passive investment selection are:
. Lower costs: Passive investments tend to have lower management fees and expenses compared to actively managed funds.
. Lower turnover: Passive investors generally have a buy-and-hold strategy, resulting in lower portfolio turnover and associated transaction costs.
. Systematic approach: The investment decisions are rules-based, following the composition and weightings of a specific market index.
Active Investment Selection: Active investing involves actively managing a portfolio with the goal of outperforming the market or a specific benchmark. Active investors analyze market trends, economic data, and individual securities to make investment decisions. The main characteristics of active investment selection are:
. Higher costs: Active management often incurs higher fees and expenses due to the research and analysis involved.
. Higher turnover: Active investors frequently buy and sell securities based on their analysis, leading to higher portfolio turnover and transaction costs.
To calculate the Holding Period Return (HPR) and Holding Period Yield (HPY) from your investment, we need the following information:
Initial investment: $400
Final investment value: $520
Holding Period Return (HPR) is calculated as the percentage change in the investment value over the holding period:
HPR = (Final value - Initial value) / Initial value
HPR = ($520 - $400) / $400 = $120 / $400 = 0.3 or 30%
Holding Period Yield (HPY) represents the return on the investment on an annual basis:
HPY = HPR / Holding period in years
Assuming the holding period is one year:
HPY = 0.3 / 1 = 0.3 or 30%
Therefore, the HPR and HPY from your investment are both 30%.
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Key differences between passive and active investment selection . Passive Investment Selection: Passive investing involves constructing a portfolio that mirrors the performance of a specific market index or benchmark. The goal is to achieve returns that closely match the overall market performance rather than outperforming it. Passive investors typically use index funds or exchange-traded funds (ETFs) to gain exposure to a broad market index. The main characteristics of passive investment selection are:
. Lower costs: Passive investments tend to have lower management fees and expenses compared to actively managed funds.
. Lower turnover: Passive investors generally have a buy-and-hold strategy, resulting in lower portfolio turnover and associated transaction costs.
. Systematic approach: The investment decisions are rules-based, following the composition and weightings of a specific market index.
Active Investment Selection: Active investing involves actively managing a portfolio with the goal of outperforming the market or a specific benchmark. Active investors analyze market trends, economic data, and individual securities to make investment decisions. The main characteristics of active investment selection are:
. Higher costs: Active management often incurs higher fees and expenses due to the research and analysis involved.
. Higher turnover: Active investors frequently buy and sell securities based on their analysis, leading to higher portfolio turnover and transaction costs.
To calculate the Holding Period Return (HPR) and Holding Period Yield (HPY) from your investment, we need the following information:
Initial investment: $400
Final investment value: $520
Holding Period Return (HPR) is calculated as the percentage change in the investment value over the holding period:
HPR = (Final value - Initial value) / Initial value
HPR = ($520 - $400) / $400 = $120 / $400 = 0.3 or 30%
Holding Period Yield (HPY) represents the return on the investment on an annual basis:
HPY = HPR / Holding period in years
Assuming the holding period is one year:
HPY = 0.3 / 1 = 0.3 or 30%
Therefore, the HPR and HPY from your investment are both 30%.
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Info Tech wishes to upgrade its computer networks in order to save costs. A suitable system costing R480 000 can either be purchased or leased.
The following are the terms of the purchases and lease agreements:
Cost of owning:
The cost could be financed with a Bank loan at 16% payable in four years. Annual repayments (at the end of each year) are calculated at R171 540.
At the end of the period the equipment will be sold at its scrap value of R40 000 and a straight-line method of depreciation will be used.
Insurance and maintenance costs of R20 000 per annum will be paid by Info Tech.
Interest payments for the four years are:
Year
Interest payments
R
1
76 800
2
61 640
3
40 056
4
23 600
Cost of leasing:
The lease would require an annual payment of R156 600 over four years.
The annual service cost of R16 000 will be borne by the lessor.
The lessee will exercise its option of purchasing the equipment for R40 000 at the termination of the contract.
Additional information:
The pre-tax cost of the debt is 10% and the company is in the 30% tax bracket.
Required:
1.1. Calculate the after-tax cash outflows and the present value of the cash outflows
under each alternative. (20)
1.2. Explain which alternative you would recommend.
To determine the most suitable option for Info Tech's computer network upgrade, the after-tax cash outflows and present value of cash outflows were calculated for both purchasing and leasing alternatives.
After considering the loan repayments, interest payments, depreciation, insurance and maintenance costs, and salvage value, the present value of cash outflows was compared. The option with the lower present value would be recommended as it would result in lower overall costs for Info Tech. The specific recommendation would depend on the actual values obtained in the calculations.
1.1. To calculate the after-tax cash outflows and the present value of the cash outflows for each alternative, we need to consider the financing costs, depreciation, insurance and maintenance costs, and the salvage value.
For the cost of owning:
The after-tax cash outflows include the annual loan repayments of R171,540, the interest payments (before tax) of R76,800, R61,640, R40,056, and R23,600 for each year, and the insurance and maintenance costs of R20,000 per annum.
To calculate the present value of the cash outflows, we need to discount the cash flows using the after-tax cost of debt (10%) and the company's tax rate (30%).
For the cost of leasing:
The after-tax cash outflows include the annual lease payment of R156,600, the service cost of R16,000 per annum, and the purchase option of R40,000 at the end of the lease.
We also need to discount the cash flows using the after-tax cost of debt (10%) and the company's tax rate (30%).
1.2. To determine the recommended alternative, we compare the present value of cash outflows for each option. The option with the lower present value would be more cost-effective.
After calculating the present value of cash outflows for both alternatives, we can compare them and select the option with the lower present value. This option would be more financially beneficial for Info Tech in terms of saving costs. The specific recommendation would depend on the actual values obtained for the present value of cash outflows in each alternative.
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Torre Corporation incurred the following transactions. 1. Purchased raw materials on account $46,300. 2. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. 3. Factory labor costs incurred were $55,900, of which $51,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable. 4. Time tickets indicated that $50,000 was direct labor and $5,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $80,500. 6. Depreciation on the company's office building was $8,100. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $88,000 were completed and transferred to finished goods. 9. Finished goods costing $75,000 to manufacture were sold on account for $103,000. Instructions Journalize the transactions. (Omit explanations.)
Torre Corporation's transactions include purchases of raw materials, labor costs, overhead expenses, depreciation, completion of goods, and the sale of finished goods, which need to be journalized accordingly
1. Purchased raw materials on account $46,300.
Raw Materials Inventory (debit) - $46,300
Accounts Payable (credit) - $46,300
2. Raw materials of $36,000 were requisitioned to the factory.
Work in Process Inventory (debit) - $36,000
Raw Materials Inventory (credit) - $36,000
3. Factory labor costs incurred were $55,900, including wages payable and employer payroll taxes payable.
Factory Wages Payable (debit) - $51,000
Employer Payroll Taxes Payable (debit) - $4,900
Factory Labor (credit) - $55,900
4. Time tickets indicated that $50,000 was direct labor and $5,900 was indirect labor.
Work in Process Inventory (debit) - $50,000
Manufacturing Overhead (debit) - $5,900
Factory Labor (credit) - $55,900
5. Manufacturing overhead costs incurred on account were $80,500.
Manufacturing Overhead (debit) - $80,500
Accounts Payable (credit) - $80,500
6. Depreciation on the company's office building was $8,100.
Depreciation Expense (debit) - $8,100
Accumulated Depreciation - Office Building (credit) - $8,100
7. Manufacturing overhead was applied at 150% of direct labor cost.
Work in Process Inventory (debit) - $75,000
Manufacturing Overhead (debit) - $75,000
Factory Labor (credit) - $50,000
8. Goods costing $88,000 were completed and transferred to finished goods.
Finished Goods Inventory (debit) - $88,000
Work in Process Inventory (credit) - $88,000
9. Finished goods costing $75,000 were sold on account for $103,000.
Accounts Receivable (debit) - $103,000
Sales (credit) - $103,000
Cost of Goods Sold (debit) - $75,000
Finished Goods Inventory (credit) - $75,000
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On January 1, 2021, Zhang Inc. had cash and share capital of P5,000,000. At that date, the company had no other asset, liability, or equity balances. On January 5, 2021, it purchased for cash P3,000,000 of equity securities that it classified as available-for-sale. It received cash dividends of P400,000 during the year on these securities. In addition, it has an unrealized loss on these securities of P300,000. The tax rate is 20%. Compute the amount of comprehensive income.
a. P100,000
b. P80,000
c. P320,000
d. P300,000
On January 1, 2021, Zhang Inc. had cash and share capital of P5,000,000. The amount of comprehensive income for Zhang Inc. is b.) P80,000.
Comprehensive income includes both net income and other comprehensive income. Net income is calculated by subtracting expenses and taxes from revenues, while other comprehensive income consists of gains or losses from certain transactions or events that bypass the income statement.
In this case, Zhang Inc. purchased equity securities for P3,000,000 and received cash dividends of P400,000 during the year. However, the company also incurred an unrealized loss of P300,000 on these securities. To calculate comprehensive income, we need to consider both net income and other comprehensive income.
Net income can be determined by subtracting the unrealized loss of P300,000 and the tax effect of this loss (20% x P300,000 = P60,000) from the cash dividends of P400,000. Therefore, the net income is P400,000 - P300,000 - P60,000 = P40,000.
The other comprehensive income is the unrealized loss on equity securities, which is P300,000.
The comprehensive income is the sum of net income and other comprehensive income, so it is P40,000 + P300,000 = P340,000. However, since the company had no other asset, liability, or equity balances at the beginning of the year, the comprehensive income is P340,000 - P260,000 (share capital) = P80,000.
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Jamal agreed to buy 15 paintings from Ramli for RM150,000, payable in cash. Ramli agreed to
Jamal’s request for payment and delivery to be made in the following month. The paintings were
burnt in a fire at the shop because of a short circuit and the shop was badly damaged. Advise
Jamal as to who should be responsible for the losses under the Sale of Goods Act 1957.
Would your answer be different if Ramli agreed to Jamal’s request for new frames for the
paintings to be changed before delivery and the paintings were destroyed by fire at Ramli’s shop
before they could be delivered to Jamal?
Acording to the Sale of Goods Act 1957, Ramli should be responsible for the losses incurred by Jamal due to the paintings being burnt in a fire at the shop.
Under the Sale of Goods Act 1957, the seller (Ramli) has a duty to deliver the goods to the buyer (Jamal) in a satisfactory condition. In this case, since the paintings were destroyed in a fire before delivery, Ramli would be responsible for the losses incurred by Jamal. This is because Ramli has a legal obligation to ensure that the goods are delivered as agreed upon, and any damage or loss that occurs before delivery would be his responsibility.
However, if Ramli had agreed to Jamal's request for new frames to be changed before delivery and the paintings were destroyed by fire at Ramli's shop before they could be delivered, the situation may be different. If the paintings were destroyed due to circumstances beyond Ramli's control, such as the shop fire, Ramli may not be held responsible for the losses. In such cases, it would be advisable to review any additional agreements or contracts made between Jamal and Ramli regarding liability for such unforeseen events.
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The current stock price for "Caterpillar Inc. (CAT)" is $170. To
purchase a call with an expiration date 1 months ahead and a strike
price of $170 would cost (bid price) $7.00. To purchase a put w
The current stock price for Caterpillar Inc. (CAT) is $170. To purchase a call option with an expiration date 1 month ahead and a strike price of $170, the bid price is $7.00. The cost of purchasing a put option is not provided in the given information.
Options are financial derivatives that provide the buyer with the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price (strike price) within a specified time period (expiration date). The cost of an option is determined by several factors, including the current stock price, strike price, time to expiration, market conditions, and implied volatility.
In the given scenario, the call option with a strike price of $170 is priced at $7.00. This means that to purchase this call option, the investor would need to pay $7.00 per share. The cost of purchasing a put option is not provided, so we cannot determine its price or compare it to the call option cost.
It's important to note that options trading involves risks, including the potential loss of the premium paid for the options. Investors should carefully consider their investment objectives, risk tolerance, and seek professional advice before engaging in options trading.
Note: Please note that the bid price mentioned in the question is for illustrative purposes only and actual prices may vary depending on market conditions and other factors. It's advisable to check real-time market data for accurate pricing information.
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The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%, Interest expense Will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued Complete the pro forma statement of comprehensive income below (input all amounts as positive values. Omit $ sign in your response,) Complete the pro forma statement of financial position below. Caiculate the EFN for 25% growth rates.
The negative value shows that the company would not need external financing. Hence, it is self-financing.
The financial statements for Nuesca Holidays Inc. is shown below: Nuesca Holidays Inc. Income Statement Sales $1,750,000 Cost of goods sold 1,120,000 Gross profit $630,000 Less: Expenses: Other expenses 157,500 Interest expense 105,000 Total expenses 262,500 Profit before taxes $367,500 Taxes (40%) 147,000 Net income $220,500 Dividends $55,125 Addition to retained earnings $165,375 Nuesca Holidays Inc.
Statement of Financial Position Assets Current assets Cash $105,000 Accounts receivable 350,000 Inventory 525,000 Total current assets $980,000 Fixed assets 1,470,000 Total assets $2,450,000 Liabilities and Equity Accounts payable $210,000 Notes payable 420,000 Total current liabilities $630,000 Long-term debt 1,050,000 Total liabilities $1,680,000 Equity Common stock $350,000 Retained earnings 420,000 Total equity $770,000 Total liabilities and equity $2,450,000 Calculation of the pro forma statement of comprehensive income below: Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income Sales $2,187,500 (given) Cost of goods sold ($1,120,000/1.05) x 1.25 = $1,404,761 Gross profit $782,738 (Sales - COGS) Less: Expenses: Other expenses ($157,500/1.05) x 1.25 = $225,000 Interest expense $105,000 Total expenses $330,000 Profit before taxes $452,738 (Gross profit - total expenses) Taxes (40%) $181,095 (PBT x Tax rate) Net income $271,643 (PBT - Taxes) Dividends $67,911 (0.25 x Dividends) Addition to retained earnings $203,732 (Net income - dividends) Calculation of the pro forma statement of financial position below: Nuesca Holidays Inc.
Pro Forma Statement of Financial Position Assets Current assets Cash ($105,000 x 1.25) = $131,250 Accounts receivable ($350,000 x 1.25) = $437,500 Inventory ($525,000 x 1.25) = $656,250 Total current assets $1,224,000 Fixed assets $1,470,000 Total assets $2,694,000 Liabilities and Equity Accounts payable ($210,000 x 1.25) = $262,500 Notes payable $420,000 Total current liabilities $682,500 Long-term debt $1,050,000 Total liabilities $1,732,500 Equity Common stock $350,000 Retained earnings $611,500 (given) Total equity $961,500 Total liabilities and equity $2,694,000 Calculation of the External Financing Needed (EFN) The external financing needed (EFN) = increase in total assets - spontaneous increase in liabilities - retained earnings increase.
Increase in total assets = $2,694,000 - $2,450,000 = $244,000Spontaneous increase in liabilities = ($1,224,000 - $980,000) + ($682,500 - $630,000) = $276,500Retained earnings increase = $203,732. The External Financing Needed (EFN) = $244,000 - $276,500 - $203,732 = -$236,232. The negative value shows that the company would not need external financing. Hence, it is self-financing.
Learn more about Self-financing here,Discuss the pros and cons for
1) finding outside financing for your business and
2) saving your own money to self-fina...
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