parker has a part-time job picking apples. let the random variable a represent the number of baskets of apples picked each day. the distribution of a has mean 4.5 baskets and standard deviation 1.3 baskets. parker is paid $65 per day plus $5 per basket. what are the mean μ and standard deviation σ of parker’s daily pay?

Answers

Answer 1

The presented statement states that the mean daily wage for Parker is US$87.50 and the standard deviation is US$6.50.

Why do we define a variable?

Information is saved in variables in computer programs in order for it to be retrieved and modified. Additionally, they provide us with a way to offer data descriptive names, which makes it simpler for ourselves and for the reader to comprehend our programs.

Briefing:

1. In order to accurately respond towards the question, let's evaluate the information provided:

Amount many apple baskets Parker picks daily in terms of number

Mean of A = 4.5 baskets

Standard deviation = 1.3 baskets

Parker is paid US$ 65 each day plus US$ 5 for each basket.

2. What are Parker's daily wages' mean and standard deviation?

Let's calculate Parker's daily wage's mean and standard deviation:

Parker is paid US$ 65 each day plus US$ 5 for each basket.

Parker's average daily take-home salary is 65 + 5 * 4.5.

Parker's average daily paycheck is 87.5.

Mean difference in US dollars is 1.3 x 5

Standard deviation in US$ = 6.5

The correct answer is B. μ = US$87.50 and σ = US$6.50

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The complete question is-

Parker has a part-time job picking apples. Let the random variable A represent the number of baskets of apples picked each day. The distribution of A has mean 4.5 baskets and standard deviation 1.3 baskets. Parker is paid $65 per day plus $5 per basket. What are the mean μ and standard deviation σ of Parker’s daily pay?

A=μ=$87.50 and σ=$71.50

B=μ=$87.50 and σ=$6.50

C=μ=$22.50 and σ=$6.50

D=μ=$87.50 and σ=$1.30

E=μ=$22.50 and σ=$71.50


Related Questions

the acceleration of inflation that characterizes many economic populist movements is usually the result of

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The acceleration of inflation that characterizes many economic populist movements is usually the result of the printing of money to finance government budget deficits.

A government budget is a document prepared by a government and/or other political body that outlines the expected tax revenues and proposed spending/expenditures for the next financial year. In most parliamentary systems, budgets are submitted to parliament and often require parliamentary approval.

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performance appraisals are part of control. a. inventory b. physical c. financial d. information e. human resources

Answers

The performance appraisals are part of control is human resources.

What is meant by human resources?The group of individuals who work for a given organisation, business sector, industry, or economy is referred to as its human resources. Human capital, or the knowledge and abilities that people possess, is a more specific idea. Manpower, labour, personnel, colleagues, or simply "people" are comparable concepts. Employees are hired, screened, and interviewed by human resources specialists, who also assign newly hired workers to positions.They could also be in charge of training, employee relations, and salary and benefits. Labor relations experts administer and interpret labour contracts. The individual or team in charge of overseeing everything linked to a company's personnel is known as human resources. This includes, but is not limited to, recruiting, benefit management, employee happiness, establishing a business culture, and training new personnel.

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why did so many americans - over 50 percent of american families - invest in stocks in the late 1990s?

Answers

The percentage of Americans that own stock hasn't changed much over the past decade.

What has been the average return for the stock market over the past 50 years?The stock market has returned an average of 10% per year over the past 50 years. The past decade has been great for stocks. From 2012 through 2021, the average stock market return was 14.8% annually for the S&P 500 index (SNPINDEX: ^GSPC).The number of poor neighbourhoods decreased by 25 percent. This was due to the good economy and suburbanization help from the government. The increase of suburbanization helps decrease poverty in inner cities but little effect in concentrated neighbourhoods. The affect of surburbs becoming more economically diverse helped decrease poverty neighbourhoods. The poverty statistics showed that less fortunate neighbourhoods were based on racial categorization.Longer life expectancy, large generations entering retirement, and reduced birth rate were the causes of an increasing number of elderly. Issues of this included a shortage in workers, loss of tax revenue, large payouts from Social Security, lack of health care coverage for the aging population, and concerns over care for the aging population.

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a silver futures contract requires the seller to deliver 5,000 troy ounces of silver. an investor sells one april silver futures contract at a price of $15 per ounce, posting an $8,400 initial margin. if the required maintenance margin is $6,900, the price per ounce at which the investor would first receive a maintenance margin call is closest to:

Answers

The investor would first receive a maintenance margin call is closest to

15.3

How to Calculate Margin call?

Increase in price per ounce=Number of ounces-Required margin maintance/Initial margin

=8400-6900/5000

=0.3

Future price =Selling price per ounce + Increase in price per ounce

=15+.3

=15.3

Initial Purchase Price x [(1 - Initial Margin) / (1 - Maintenance Margin)] = Margin Call Price. The margin call price serves as a benchmark for the price below which the margin requirements are not satisfied, forcing the investor to make more deposits or sell off a certain portion of their portfolio assets in order to comply.The investor can deposit cash in the amount of the margin call to cover it. As an alternative, the investor can sell sufficient securities to satisfy the margin need with the remaining equity. Let's say the investor does not want to add to the $2,000 cash balance in the account.

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jonas has disability insurance through his employer. the employer pays 75% of the premium, and jonas pays the other 25%. what is jonas tax liability for any benefits paid from the disability

Answers

Jonas has disability insurance through his employer. Jonas's tax liability for any benefits paid from the disability takes must be paid on 75% of the benefits received.

Insurance is a contract whereby one insurer indemnifies another insurer against losses arising from certain contingencies or perils. Help protect the insured or her family from financial loss. There are many types of insurance policies.

Cover running costs and larger expenses such as your mortgage while you focus on your health and recovery. Cover medical expenses such as prescription drugs, dental care, eye care, and other health-related items.

Life insurance helps survivors financially. Health insurance protects you from devastating claims in the event of a serious accident or illness. A permanent disability protects you from an unexpected loss of income. Auto insurance protects you from the financial burden of expensive accidents.

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u.s. companies moving into the international market need to be sensitive to the need for local country or regional responsiveness because of: a. the increasing loss of economies of scale. b. the sophistication of the international consumer due to the internet. c. increasing rejection of american culture across much of the world. d. consumer needs and desires, industry conditions, political and legal structures, and social norms vary by country.

Answers

Each country has different consumer needs, political and legal systems, and social standards. The necessity for local country or regional responsiveness must be taken into account by the international market.

What exactly is the global stock market?

All global marketplaces that deal in stocks from their home-country corporations are together referred to as the international stock market. For instance, you can purchase Apple stock in your neighborhood American market, but you must visit the international (Japanese) market to purchase Sapporo shares.

What features distinguish the global market?

The production, pricing, promotion, and distribution of concepts, goods, and services are all part of the global process known as "international marketing," which aims to promote trade and achieve both individual and corporate goals.

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by its willingness to spend money on advertising, bertollini a. is detracting from the efficiency of markets. b. signals the quality of its new product to consumers. c. will drive yumyum out of the market. d. signals that it is not a profit maximizer.

Answers

According to question, by its willingness to spend money on advertising, Bertollini signals the quality of its new product to consumers .

Option B is correct .

Traditional types of advertising include publications like newspapers, magazines, TV and radio programs, direct mail, billboards, posters, and transit advertising, among others. In the twenty-first century, marketers have used digital technology to increase awareness of their brands and causes.

Advertising is a powerful marketing tool that can assist you in attracting customers, educating them about your products, and earning their confidence. The majority of businesses use advertising in some capacity to promote their products and services.

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Question 5 a company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.

Answers

False. A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.

What is the share step of data analysis?

The sharing of your data results is the fifth phase. This is possible with the use of visualization since putting data into an image can make the analysis easier for people to understand. You'll consider using several graphs and plots to more rapidly communicate your conclusions.

Ask, prepare, process, analyze, share, and act are the six phases or steps of data analysis, according to Go.ogle.

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A company takes insights provided by its data analytics team, validates them, and finalizes a strategy. They then implement a plan to solve the original business problem. This describes the share step of the data analysis process.

T / F

if you were an economist for a firm that wanted to merge, would you argue that the three-digit or five-digit naics industry is the relevant market? why?

Answers

The relevant market is a three-digit naics economist for a company that desired to merge.

What does industry NAICS code mean?

The United States, Canada, and Mexico classify enterprises by industry using the North American Industry Classification System (NAICS). The following are some usage of VTA's Vendor Portal and other systems for the NAICS business code system: Sort the requests for proposals that are posted on its vendor portal.

A three-digit SIC code is what?

The major industry group is identified by the first two digits of the SIC code, the industry group is identified by the third digit, and the individual industry is identified by the fourth digit. A significant government organization that controls the markets is the Securities and Exchange Commission (SEC). SIC codes are still used by the SEC.

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in a leed project, what tool should be used through all phases to ensure that the green goals are being met? question 1 options: a) the leed scorecard b) the commissioning plan c) the environmental impact statement d) usgbc.org

Answers

in a Leed project, what tool should be used through all phases to ensure that the green goals are being met - a) the leed scorecard.

What does LEED scorecard mean?

The LEED scorecard, often known as a project checklist, is a one-page document that details the LEED rating system, adaptation, and version being sought, along with the credits that are intended to be earned.

To learn how to read and analyze a LEED Scorecard, let's examine one in detail. I still recall how confused I was when I first glanced at a LEED Scorecard. There is a lot of information on just single sheet of paper. Let's begin at the top. The version of LEED being pursued is displayed in the very first portion of the top line. It is LEED version 4 in this instance. The rating method, BD plus C, is followed by the adaption, New Construction and Major Renovation, in the next section. Next, you can view the requirements that are required but do not have any points awarded to them, which are listed on top of each LEED category. the left-hand green column.

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a company issued 9%, 5-year bonds with a par value of $145,000. the market rate when the bonds were issued was 10%. the company received $139,400 cash for the bonds. using the effective interest method, the amount of interest expense for the first semiannual interest period is:

Answers

The amount of interest expense for the first semiannual interest period is $2,497.50. The fee a lender assesses a borrower for using their funds is known as an interest expense.

How to calculate interest expense ?

To calculate the interest expense for the first semiannual interest period, we need to first determine the annual interest rate, which is the market rate of 10% divided by 2 because the interest period is semiannual.

This results in an annual interest rate of 5%. We also need to determine the effective interest rate, which takes into account the difference between the par value and the price at which the bonds were issued. To do this, we can use the following formula:

effective interest rate = [(par value - cash received) / par value] / number of years

Plugging in the values given in the question, we get:

effective interest rate = [(145,000 - 139,400) / 145,000] / 5

= 0.0379

We can then use this effective interest rate to calculate the interest expense for the first semiannual period by multiplying it by the par value and dividing by 2, because the interest period is semiannual. This gives us:

interest expense = (0.0379 * 145,000) / 2

= $2,497.50

Therefore, the amount of interest expense for the first semiannual interest period is $2,497.50.

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consider the demand for cereal. when price is $4.25/box quantity demanded is 1200 boxes. price increased to $5.25/box and quantity demanded fell to 1000 boxes. what is the elasticity of demand?

Answers

Demand is considered to be relatively inelastic, or not highly responsive to price changes, if the quantity demanded is smaller than the percent change in price.

What does demand look like?

Key Learnings. According to the economic principle known as the law of demand, customer demand for just a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.

Is a demand a request?

It might be simple—and tempting—to employ demands rather than requests, even if you believe you comprehend the distinction on an intellectual level. A request is when you formally, politely, or respectfully ask for something. A call is a strong declaration in which you request something.

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scrum uses a series of coordinated meetings to manage the development process. during which of the following is it discussed what was done since the last meeting, what will be done before the next meeting, and if anything is limiting performance?

Answers

If during which of the following is it discussed what was done since the last meeting, the thing that will be done before the next meeting, and if anything is limiting performance is: A. Daily Scrum meeting.

What is Daily Scrum meeting?

Daily Scrum meeting can be defined as the type of meeting that is organized  so as to improve team development and to develop a plan that will be used to successfully achieve organizational goals and objectives.

Daily scrum meeting can help to identify issues or challenges that a company is facing  as well as how to combat the issues.

Therefore the correct option is A.

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The complete question is:

Scrum uses a series of coordinated meetings to manage the development process. During which of the following is it discussed what was done since the last meeting, what will be done before the next meeting, and if anything is limiting performance?

Daily Scrum meeting

Sprint review meeting

Sprint retrospective meeting

Sprint planning meeting

Release planning meeting

which of the following statements is correct, concerning price stability as a monetary goal?a) in the long run, no inconsistency exists between the price stability goal and theother goals, such as high unemployment.b) in the short run price stability often conflicts with the goals of high employment and interest-rate stability.c) neither a nor b is true.d) both a and b are correct.

Answers

Neither A nor B is true concerning price stability as a monetary goal.

Why does monetary policy aim for price stability?

In essence, price stability protects the credibility and purchasing power of the national currency. People can hold money for transactions and other uses when the price level is steady without having to worry that inflation would reduce the real value of their money balances. The benefits of price stability, or the costs associated with inflation or deflation, are closely linked to money and its functions. Because price levels determine inflation and deflation—deflation is defined as a decrease in prices and a rise in the value of money—price stability is essential to economies. Inflation is defined as an increase in prices and a decrease in the value of money.

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All colleges in north and south carolina have a comprehensive articulation agreement with cpcc.

a. True
b. False

Answers

All colleges in north and south carolina have a comprehensive articulation agreement with cpcc- false.

What is comprehensive articulation?

A state-wide agreement called the North Carolina Comprehensive Articulation Agreement (CAA) regulates the transfer of credits between public institutions and community colleges in the state. This agreement was created to encourage easy student transfers. A smooth student transition is the goal of the CAA, a state-wide agreement that governs the transfer of credits between NC community colleges and NC public institutions. gives the transferring student a few guarantees. The act of creating a formal, written agreement that specifies which courses (or sequences of courses) from a "sending" university are equivalent to or valid in place of particular course requirements at a "receiving" campus is known as articulation.

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when would arbitration be a preferred way to resolve a dispute or negotiations impasse? please explain your answer.

Answers

Unlike a trial, arbitration leads to a private resolution, so the information brought up in the dispute and resolution can be kept confidential.

What is the meaning of arbitration?

A dispute can be resolved through arbitration instead of going to court. The person you are filing a claim against is the respondent, and you are the claimant. An impartial party known as an arbitrator hears your two cases.

Arbitration a sign of a deal?

Instead of going to court, a dispute can be resolved through arbitration by a neutral third party. Both parties rely on the arbitrator, an impartial person or panel, to render an appropriate conclusion in light of the case's facts. An arbitration award is the name given to the final ruling.

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factors affecting the span of management include all of the following except: authority of the manager. organizational policies. nature of the work being completed. competency of workers.

Answers

Uncontrollable costs, even as name suggests, are expenses that management cannot influence.

What part does management play?

A management position in an organisation entails accountability and oversight. Depending on the job titles as well as the needs of the business, they contribute in their companies in a variety of ways. Managers serve a variety of functions in the context of their work, from project managers to department managers.

What does the term "management" mean?

The process of completing the labour or task necessary for accomplishing an organisation's goals in an effective and efficient way is referred to as management. The procedure implies the management duties. Planning, organizing, staffing, leading, and managing are therefore involved.

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______accounts used to accumulate information until it is transferred to the owner’s capital account.

Answers

Answer:

In a business context, an account is a record of financial transactions. Some common types of accounts include revenue accounts, which are used to record income from sales or other sources; expense accounts, which are used to record the costs associated with operating the business; and asset accounts, which are used to record the value of the business's tangible and intangible assets. These accounts are typically used to create financial statements, such as the income statement and balance sheet, which provide information about the financial health of the business.

Explanation:

a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made. true false

Answers

a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made- false.

What is retained earnings?

The retained earnings (also known as plowback[1]) of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. At the end of that period, the net income (or net loss) at that point is transferred from the Profit and Loss Account to the retained earnings account. If the balance of the retained earnings account is negative it may be called accumulated losses, retained losses or accumulated deficit, or similar terminology. Any part of a credit balance in the account can be capitalised, by the issue of bonus shares, and the balance is available for distribution of dividends to shareholders.

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a real estate investment is available at an initial cash outlay of $100,000, and is expected to yield cash flows of $33,438.10 per year for five years. the internal rate of return (irr) is approximately:

Answers

An investment in real estate is accessible for a $100,000 initial cash outlay and is predicted to generate $33,438.10 in cash flows over the course of five years. About 20% is the internal rate of return (irr).

Describe real estate.

Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.

Real estate includes land, the houses on it, and any natural resources such as crops, minerals, or water. It also includes immovable property of this kind, such as houses or other housing that meets common definitions of real estate.

Real property includes tangible personal property, which is something you own that is tied to a piece of land. It often comprises of any assets on the property, including water or minerals, and is suitable for residential, commercial, or industrial uses.

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chad watched as his friend, ned, learned the hard way that some influence tactics generate resistance. the employees pay little or no attention to what ned has requested of them. chad has a major project for his team. it needs to be completed on time, on budget. ned suggests using pressure tactics, but which influence tactic do you think chad should use?

Answers

Since research has shown that adopting the inspirational appeal influence method increases the likelihood that a commitment will be made, Chad should employ it.

An inspirational appeal is what?

Inspirational appeals, a type of appeal meant to inspire passion or feeling. Someone is employing inspirational appeal when they pique your interest in a subject by speaking to your values, aspirations, or goals.

What three different influencing strategies are there?

The most successful influence strategies among these were discovered to be inspirational appeal, consultation, and logical appeal (with inspiration appeal being the strongest successful of the three), whereas coalition and pressure were discovered to be the least successful strategies.

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Rugged cabin co. provides pre-made materials to build cabins. to ensure materials are in supply and ready for quick delivery, the company offers cabins in only three sizes. each cabin has rectangular floor plan where the length is equal to 5 feet more than twice the width. which expression represents the area, in square feet, for each cabin size?

Answers

The expression that represents the area for each rectangular cabin size is given as follows:

A = 2w² + 5w.

How to obtain the area of a rectangle?

The area of a rectangle of length l and width w is given by the multiplication of these dimensions, as follows:

A = l x w.

Each cabin has rectangular floor plan where the length is equal to 5 feet more than twice the width, hence:

l = 2w + 5.

(as twice the width is 2w, five more than twice the width is 2w + 5).

Then the expression that represents the area for each rectangular cabin size is obtained as follows:

A = l x w

A = (2w + 5) x w.

Applying the distributive property, we have that:

A = 2w² + 5w.

(2w multiplies w, just like 5 multiplies w, then these terms are added).

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one of the first things a property manager does when a property management agreement is signed is develop

Answers

One of the first things a property manager does when a property management agreement is signed is develop a Property Management Plan.

What is a Property Management Plan?

A property management plan is a document that outlines how a property will be managed, maintained, and utilized. It is typically written to protect and enhance the value of a particular property. The plan includes goals and objectives, as well as strategies and tactics for achieving them. It also includes a budget and timeline for implementation. Property management plans are used by landlords, property managers, and real estate investors to ensure that their investments are well-maintained and profitable.

This plan helps to provide clarity and direction to both the property managers and the property owners, helping to ensure that all parties are on the same page and that the property is managed in a way that is consistent with the goals and objectives of the owner.

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Which type of intellectual property can protect your company's logo? a. a dba name b. patent c. copyright d. trademark please select the best answer from the choices provided a b c d

Answers

Trademark is a  type of intellectual property that can protect your company's logo

Option D is correct.

What trademark implies?

Any word, phrase, symbol, design, or combination of these that identifies your products or services is considered a trademark. It is how customers distinguish you from your rivals and recognize you in the market. Trademarks and service marks can both be referred to as "trademarks."

Words, phrases, symbols, and logos that identify a company's goods or services can be protected by trademarks. A trademark registration must be renewed every ten years, but it can last forever as long as it is used in business. Because of this, the trademark is one of the most important IP safeguards for businesses.

What are the four types of intellectual property?

The company's patents, trademarks, copyrights, and trade secrets are valuable assets that must be safeguarded by knowing how they function and are made.

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who does the payroll system issue checks to? group of answer choices all are correct employees and to banks participating in direct deposit. insurance companies. the company's payroll bank account.

Answers

The payroll system issue checks to correct employees and to banks participating in direct deposit.

In easy terms, payroll can be defined because the process of paying a enterprise's employees. It consists of amassing the listing of personnel to be paid, monitoring the hours worked, calculating the employee's pay, distributing the salary on time, and recording the payroll rate.

Payrolling (in Dutch) is a special shape of hiring team of workers. The payroll company employs the payroll employees who work for you. The payroll organization presents staff on mortgage and you borrow them, so to talk, as its client. You recruit the payroll employees yourself, determine their revenue, and have whole supervision.

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nogrowth industries presently pays an annual dividend of $1.20 per share and it is expected that these dividend payments will continue indefinitely. if nogrowth's equity cost of capital is 10%, then the value of a share of nogrowth's stock is closest to . a) $9.60 b) $14.40 c) $13.20 d) $12.00

Answers

A share of Nogrowth's stock is worth about Share price equals $12. The yearly dividend paid by nogrowth industries is now $1.20 per share, and it is anticipated that these dividend payments will continue.

How Much Is Equity Worth?

Its cost of equity is the profit required by a company to assess whether an investment satisfies capital return requirements. Businesses usually use it as a ceiling for the required return on investment.

Where can you find equity cost?

Divide the annual dividends per share by the current stock price to obtain an estimate of the cost of equity, and then include the dividend growth rate. Comparatively, the capital asset pricing model takes into account the beta of the investment, the anticipated market return,

Briefing:

Value of share = Annual dividend / ( Required return - Growth rate)

Annual dividend = $1.20

Required return = 10%

Growth rate = 0

Now plus the values in the formula:

Value of share = Annual dividend / ( Required return - Growth rate)

Value of share = 1.20 / ( 10% - 0)

Value of share = 1.20 / 0.1

Value of share = 12

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at the present time, perpetualcold refrigeration company (prc) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,136.50 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 25%. if prc wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (note: round your ytm rate to two decimal place.)

Answers

a) Data and Calculations for the Perpetual Cold Refrigerator:

Given,

Face value (15-year noncallable bonds outstanding) = $1,000 per bond

Current market price (per bond) = $1,329.55

The coupon rate of bonds = 12% p.a.

State tax rate = 35%

Cost of new debt = $1,000 * 12%

                             =$120 p.a.

After-tax cost of debt = $120 *(100% - 35%)

                                     = $120 * 65%

                                     = $78

Now, converting it into a percentage:  $78/$1,000 = 0.078

Since, after rounding off the answer is 0.08

b) The cost of  Perpetual Cold Refrigerator's (PRC's ) new debt is calculated at the rate at which the company agrees to pay its new debt. The major differentiated factor between the cost of debt and the after-tax cost of debt is called the deduction of interest expense.  

In PRC's capital structure decisions are taken by determining the cost of debt. The after-tax cost of debt is compared with the cost of equity and involves some financial computations.

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the equity interest in a subsidiary not attributable directly or indirectly to the parent is known as the (select all that apply)

Answers

The equity interest in a subsidiary not attributable directly or indirectly to the parent are Non-Controlling Interest and Minority Interest.

What is equity interest?

Equity interest is an ownership interest in a company. It is a form of security that gives the holder the right to vote on certain matters, such as the election of directors and the approval of major corporate actions. Equity interest also provides a right to receive a share of the company’s profits, either through dividends, or through an increase in the value of the shares when they are sold. Equity interest is typically obtained by purchasing shares of stock in the company, either through a public offering or through private transactions.

Non-Controlling Interest and Minority Interest are correct answers. Non-Controlling Interest and Minority Interest refers to the equity interest that is not held by the parent company in a subsidiary. This equity interest is held by other investors or shareholders, such as individual shareholders or institutional investors.

Hence, Non-Controlling Interest and Minority Interest are the answers.

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what international organization runs a dispute settlement process in which countries can resolve trade inequalities in a formal arena?

Answers

Countries can settle trade disparities in a formal setting through the World Trade Organization's (WTO) dispute resolution procedure.

Describe trade.

Trade is the voluntary transfer of goods or services among participants in the economy. Trade is often seen to be beneficial to both parties because interactions are voluntary. Buying and selling share or other assets is referred to as trading in the finance industry.

Why is trade so important?

Because it fosters economic growth, encourages domestic employment, enhances standard of living, and give more control to support their families with fairly priced goods and services, trade is crucial to the success of the United States. More jobs, greater pay, quality services, moderate inflation, and a propensity for cooperative over conflict are all advantages of increased commerce. nation. The much more freely trade goes around the world, the bigger the wave of economic success and peace will be.

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hat industry characteristics would lead you to expect the cournot model or the bertrand model to be good approximations to the nature of competition in that industry?

Answers

The Cournot model of oligopoly tends to assume that rival firms produce a similar product and compete to maximize profits by deciding how much to produce.

What is cournot model ?The Cournot model of oligopoly assumes that rival firms produce a similar product and compete to maximize profits by deciding how much to produce. All firms select output (quantity) at the same time. The basic Cournot assumption is that each firm chooses its quantity, taking the quantity of its competitors as given.Cournot duopoly, also known as Cournot competition, is an imperfect competition model in which two firms with identical cost functions compete in a static setting with homogeneous products.The Cournot model is simpler than the Oligopoly model, but they share the same foundations, so businesses are interdependent.In a cournot model, the firms compete for output. There is more than one firm in this type of market condition, and all firms in a market produce homogeneous products rather than differentiated products.

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