The variable cost per unit was R7,75 for 15 000 units manufactured. Total costs incurred were R210 250 and it was found that the fixed overheads were R35 000 more than originally planned. What was the estimated amount for fixed costs? Select one: O A. R81 250 B. R175 250 O C. R75 000 O D. R59 000

Answers

Answer 1

To determine the estimated amount for fixed costs, we can use the given information and calculate it as follows:

Let's start by calculating the total variable costs for the 15,000 units manufactured:

Variable cost per unit = R7.75

Number of units manufactured = 15,000

Total variable costs = Variable cost per unit * Number of units manufactured = R7.75 * 15,000 = R116,250

Next, we can calculate the total costs incurred by adding the total variable costs and the additional fixed overheads:

Total costs incurred = Total variable costs + Additional fixed overheads = R116,250 + R35,000 = R151,250

Now, we need to find the estimated amount for fixed costs. Since the total costs incurred include both variable and fixed costs, we can subtract the variable costs from the total costs to find the fixed costs:

Fixed costs = Total costs incurred - Total variable costs = R151,250 - R116,250 = R35,000

Therefore, the estimated amount for fixed costs is R35,000.

The correct option is O D. R59 000 is not the correct answer.

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Related Questions

The excessive national debt can also negatively impact the
economy. How do we find a healthy balance?
Please do not use any answers that are already posted.

Answers

Finding a healthy balance in managing national debt requires a careful approach that considers both the short-term and long-term implications. It involves striking a balance between necessary government spending, fiscal discipline, and sustainable economic growth.

To achieve a healthy balance, governments can implement several strategies. First, it is crucial to maintain a disciplined fiscal policy by controlling government spending and ensuring that expenditures align with revenue generation. This may involve evaluating and prioritizing public investments, reducing wasteful spending, and implementing efficient tax policies. Second, promoting economic growth and productivity can help alleviate the negative impacts of national debt. Governments can focus on implementing structural reforms, fostering innovation, and investing in education and infrastructure. These measures can enhance competitiveness, attract investment, and stimulate economic activity, leading to increased tax revenues and improved debt sustainability. Lastly, prudent debt management practices are essential. Governments can strive to diversify their debt portfolio, negotiate favorable interest rates, and closely monitor debt levels to prevent excessive borrowing. Transparency and accountability in debt management are critical to ensure responsible fiscal policies.

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varande Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $11.40 15 min Standard labor time per unit Standard number of lbs. of brass 1.4 lbs. Standard price per lb. of brass $11.25 Actual price per lb. of brass $11.50 Actual lbs. of brass used during the week 12,545 lbs. Number of units produced during the week 8,700 Actual wage per hour $11.74 Actual hours for the week (30 employees x 35 hours) 1,050 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost vanance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Check My Work 5 more Check My Work uses remaining

Answers

a.direct materials standard cost per unit = $15.

b. direct materials price variance = -$3,137.50 (favorable)

to calculate the standard cost per unit for direct materials and direct labor, we will use the given information and formulas:

a. standard cost per unit:direct materials:

standard cost per unit = standard number of lbs. of brass x standard price per lb. of brass                   = 1.4 lbs. x $11.25

                  = $15.75

direct labor:standard cost per unit = standard labor time per unit x standard wage per hour

                  = 15 min/60 min x $11.40                   = $2.85

total standard cost per unit:

total standard cost per unit = direct materials standard cost per unit + direct labor standard cost per unit                           = $15.75 + $2.85

                          = $18.60

b. direct materials variances:direct materials price variance:

direct materials price variance = (standard price per lb. of brass - actual price per lb. of brass) x actual lbs. of brass used during the week                               = ($11.25 - $11.50) x 12,545 lbs.

                              = -$3,137.50 (favorable)

direct materials quantity variance:

direct materials quantity variance = (standard number of lbs. of brass - actual lbs. of brass used during the week) x standard price per lb. of brass                                  = (1.4 lbs. - 12,545 lbs.) x $11.25

                                 = $14,156.25 (unfavorable)

total direct materials cost variance:total direct materials cost variance = direct materials price variance + direct materials quantity variance

                                  = -$3,137.50 + $14,156.25                                   = $11,018.75 (unfavorable) 75

  direct labor standard cost per unit = $2.85   total standard cost per unit = $18.60

  direct materials quantity variance = $14,156.25 (unfavorable)   total direct materials cost variance = $11,018.75 (unfavorable)

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Exercise 13.5 (Algo) Preparing a classified balance sheet. LO 13-3 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January 1, 20X1, and $52,725 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $248,900 Cr. 4,350 Dr. 451 Sales returns and allowances 491 Miscellaneous income 501 Purchases 400 Cr. 103,600 Dr. 1,975 Dr. 502 Freight in 503 Purchases returns and allowances 3,600 Cr. 504 Purchases discounts 1,800 Cr. 611 Salaries expense-Sales 45,300 Dr. 614 Store supplies expense 2,310 Dr. 617 Depreciation expense-Store equipment 1,510 Dr. 631 Rent expense 13,500 Dr. 634 Utilities expense 3,000 Dr. 637 Salaries expense-Office 640 Payroll taxes expense 643 Depreciation expense-Office equipment 21,100 Dr. 6,000 Dr. 570 Dr. 720 Dr. 740 Dr. 646 Uncollectible accounts expense 691 Interest expense The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. Accounts 301 Bridget Swanson, Capital $63,760 Cr. 302 Bridget Swanson, Drawing 40,700 Dr. Net income for the year $42,975. The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year. Accounts 101 Cash 107 Change fund 111 Accounts receivable 112 Allowance for doubtful accounts 121 Merchandise inventory 131 Store supplies 133 Prepaid interest 141 Store equipment 142 Accum. depreciation-Store equipment 151 Office equipment 152 Accum. depreciation-Office equipment 201 Notes payable 203 Accounts payable 216 Interest payable 231 Sales tax payable Prepare a balance sheet dated December 31, 20X1. $ 5,605 Dr. 500 Dr. 5,140 Dr. 860 Cr. 52,725 Dr. 1,100 Dr. 130 Dr. 11,200 Dr. 1,180 Cr. 3,400 Dr. 500 Cr. 5,500 Cr. 3,725 Cr. 110 Cr. 1,890 Cr. Current Assets Assets Prepaid Expenses Total Current Assets Plant and Equipment Store equipment Office equipment Total plant and equipment Total Assets Current Liabilities BRIDGET'S OFFICE SUPPLIES Balance Sheet Liabilities and Owner's Equity Total Current Liabilities Owner's Equity Total Liabilities and Owner's Equity

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Balance sheets are financial statements that report on a company's assets, liabilities, and equity at a specific point in time. A classified balance sheet is one in which assets and liabilities are divided into current and non-current categories.

Assets are what a company owns and are classified as either current or non-current on a classified balance sheet. Current assets are those that are expected to be converted to cash or used within one year, whereas non-current assets are those that are expected to be held for more than one year. Prepaid expenses are one of the items that are listed in current assets.Preparing a classified balance sheet involves taking the information that's been gathered from the company's accounting records and organizing it into a format that shows the company's financial position at a specific point in time, such as the end of a fiscal year or quarter. This process helps a company understand its financial position by categorizing assets, liabilities, and equity into sections that are more easily analyzed.

Store Equipment$11,200Accumulated Depreciation-Store Equipment$1,180Office Equipment$5,500Accumulated Depreciation-Office Equipment$3,725Total Plant and Equipment$12,795Total Assets$77,855Current Liabilities

Bridget Swanson, Capital$63,760Bridget Swanson, Drawing$40,700Net Income for the Year$42,975Total Owner's Equity$66,035Total Liabilities and Owner's Equity$77,855

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when making a decision in the presence of uncertainty, decision makers should only be interested in the average, or expected, outcome.

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When making a decision in the presence of uncertainty, decision-makers should not only be interested in the average or expected outcome. Uncertainty can make it difficult to come to a final decision because the outcome may not be known.

Decision-makers need to take into account the likelihood of the different outcomes that may occur.Therefore, decision-makers should be interested in more than just the expected outcome. They need to consider the range of possible outcomes and their associated probabilities. This is where risk analysis comes into play. Risk analysis helps decision-makers to understand the risks and potential rewards of different options and make a more informed decision.In conclusion, when making a decision in the presence of uncertainty, decision-makers should not only be interested in the average or expected outcome. They need to consider the range of possible outcomes and their associated probabilities, which can be achieved through risk analysis.

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Answer all please. Thank you so much
1. Which of the following has NOT been impacted by digital and mobile marketing programs?
a. Where and when consumers research products, companies, and brands
b. The ability to touch and feel a product
c. How consumers receive the products they purchase
d. Where and when consumers purchase products
2. One of the major advantages of e-commerce over brick-and-mortar stores is ______.
a. no need for local staff
b. ability to reach consumers worldwide
c. lack of legal export and import constraints
d. ease of shipping
3. What is the difference between paid search insertions and paid search ads?
a. Paid search ads include text boxes or display ads that pop up when a specific word is typed in the search box.
b. Companies do not pay a premium for paid search insertions.
c. Paid search insertions do not focus on certain products.
d. Paid search insertions are not usually identified as such to the consumer.
4. Mobile devices incorporate features through GPS, beacon, or NFC (near field communication) technologies to help with
a. enhancing the customer engagement process
b. geo-location
c. capturing demographic data
d. voice recognition
5. In what ways does mobile differ from other media?
a. It does not allow for video or camera technology.
b. It is usually used by multiple people and encourages two-way communication.
c. It is personal and offers geo-location and voice recognition.
d. It is personal but does not offer tracking features.

Answers

1.The answer is b.The ability to touch and feel a product

2.The answer is b.ability to reach consumers worldwide

3.The answer is a.Paid search ads include text boxes or display ads that pop up when a specific word is typed in the search box.

4.The answer is b.geo-location

5.The answer is c.It is personal and offers geo-location and voice recognition.

1.The answer is b. The ability to touch and feel a product has not been directly impacted by digital and mobile marketing programs. While digital and mobile marketing can provide virtual experiences and product information, they cannot replicate the physical sensation of touching and feeling a product.

2.The answer is b. One of the major advantages of e-commerce over brick-and-mortar stores is the ability to reach consumers worldwide. E-commerce platforms allow businesses to expand their customer base beyond local geographical boundaries and tap into a global market.

3.The answer is a. Paid search ads include text boxes or display ads that pop up when a specific word is typed in the search box. Paid search insertions, on the other hand, refer to the placement of advertisements within search engine results or other online content, but they may not necessarily include text boxes or pop-up ads.

4.The answer is b. Mobile devices incorporate GPS, beacon, or NFC technologies to enable geo-location capabilities. These technologies help determine the user's physical location and allow businesses to provide location-based services and targeted marketing messages.

5.The answer is c. Mobile differs from other media in that it is personal and offers features such as geo-location and voice recognition. Mobile devices are typically owned and used by individuals, allowing for personalized experiences and interactions. Additionally, mobile devices have built-in features like GPS for location-based services and voice recognition for hands-free interactions.

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Companies that export goods to foreign countries Copyright © by Glo-Bus Software, Inc. Copying, distributing or 3rd party website posting isexpressly prohibited and constitutes copyright violation O always gain in competitiveness when the currency of the country in which the goods are manufactured grows weaker relative to the currencies of countries where the exported goods are being shipped and sold. O are largely unaffected by fluctuating exchange rates when their competitors are also subject to fluctuating exchange rates. Oare competitively disadvantaged when currency exchange rates fluctuate up and down. become progressively less profitable as the currency of the country in which the goods are manufactured grows weaker relative to the currencies of countries where the exported goods are being shipped and sold. are competitively benefitted when the currency of the country in which the goods are manufactured grows stronger relative to the currencies of countries where the exported goods are being shipped and sold.

Answers

The impact of currency fluctuations on export competitiveness also depends on the exchange rate movements of competitors in the same market.

When the currency of the country in which the goods are manufactured weakens compared to the currencies of the export destinations, exporting companies gain in competitiveness. This is because the goods become relatively cheaper in the foreign markets, making them more attractive to customers. The weaker currency enhances the price competitiveness of the exported goods and may lead to increased demand and market share.

However, the impact of fluctuating exchange rates on exporting companies is influenced by the movements of their competitors' currencies as well. If competitors in the same market are also subject to fluctuating exchange rates, the overall impact may be mitigated, and exporting companies may be largely unaffected. In such cases, the relative competitiveness among the exporting companies remains similar, and the fluctuating exchange rates do not significantly alter their market positions.

On the other hand, if currency exchange rates fluctuate up and down or if the currency of the manufacturing country grows stronger relative to the currencies of the export destinations, exporting companies can be competitively disadvantaged. The stronger currency makes the exported goods relatively more expensive in the foreign markets, potentially reducing demand and market share. This situation can lead to lower profitability for exporting companies and may require them to adjust their pricing strategies or explore other cost-saving measures to remain competitive.

In summary, exporting companies can benefit when the currency of the manufacturing country weakens relative to the currencies of the export destinations. However, fluctuations in exchange rates and currency movements of competitors can influence the overall competitiveness of exporting companies. It is important for exporting companies to monitor and evaluate currency exchange rate dynamics and market conditions to effectively manage their export strategies and remain competitive in international markets.

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Real GDP is $3,000, autonomous consumption is $500, and planned investment spending is $200. The marginal propensity to consume is 0.8. What is planned aggregate spending?
a. $2,900.
b. $3,000
c. $3,100.
d. $2,400.

Answers

To calculate planned aggregate spending, we need to consider autonomous consumption, planned investment spending, and the marginal propensity to consume. The marginal propensity to consume (MPC) represents the fraction of additional income that individuals choose to spend. In this case, the MPC is 0.8, indicating that for every additional dollar of income, individuals spend $0.8.The correct answer is not among the options provided. The planned aggregate spending is $2,700.

Given:

Real GDP = $3,000

Autonomous consumption = $500

Planned investment spending = $200

MPC = 0.8

Planned aggregate spending can be calculated as follows:

Planned aggregate spending = Autonomous consumption + Planned investment spending + MPC * (Real GDP - Autonomous consumption)

Planned aggregate spending = $500 + $200 + 0.8 * ($3,000 - $500)

Planned aggregate spending = $500 + $200 + 0.8 * $2,500

Planned aggregate spending = $500 + $200 + $2,000

Planned aggregate spending = $2,700

Therefore, the correct answer is not among the options provided. The planned aggregate spending is $2,700.

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An order for 110 units of Product M has been placed (the gross requirements). There are currently 30 units of Product M on hand. Each M requires 4 units of Component N. There are 20 units of N on hand. What are the net requirements for N?

Answers

The net requirements for Component N are 300 units.

In order to calculate the net requirements for Component N, we first need to calculate the gross requirements for Component N. Here are the steps to do so:Given:An order for 110 units of Product M has been placed.There are currently 30 units of Product M on hand.Each M requires 4 units of Component N.There are 20 units of N on hand.Gross requirements for M = 110 unitsCurrent on-hand inventory of M = 30 unitsTherefore, the total requirements for M = Gross requirements - on-hand inventory= 110 - 30= 80 unitsNow, we know that each M requires 4 units of N. Therefore, the total requirements for N = Total requirements for M x units of N required per unit of M= 80 x 4= 320 units of NNow, we can calculate the net requirements for N. Net requirements for N = Total requirements for N - on-hand inventory of N= 320 - 20= 300 units.

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Good Food Company has sued Tasty Food Company for illegally producing and selling one of its patented products. The lawsuit is for $5,000,000 (a substantial/material amount to both companies).
On December 31, 2021 (fiscal year-end), legal opinion is that it is likely that Good Food will win the lawsuit and be awarded the full $5,000,000 in damages by the court.
Good Food and Tasty Food are both public companies.
Instructions:
a) Briefly explain how Good Food would account for the lawsuit on December 31, 2021. (2 Marks)
b) Briefly explain how Tasty Food would account for the lawsuit on December 31, 2021. (3 marks)
PART B - ANALYSIS/SHORT ANSWER (20 Marks)
1. The below financial ratios (for a recent year) are for two competing companies in the same industry.
Company A Company B
Current Ratio 1.20 0.83
Quick Ratio 1.04 0.46
Receivables Turnover 2.50 29.3
Asset Turnover 0.62 0.74
Return on Assets 0.01 (0.03)
Instructions:
a) Briefly comment on the implications of each of the above ratios for Company A and B. (8 Marks)
b) List two (2) other comparisons that you would like to make before reaching conclusions on the above
ratio data for Company A and B. (2 Marks)
2. Identify two (2) conditions that must be present for goodwill to be recorded as an intangible
asset of a business. (4 Marks)
3. Describe the accounting treatment for asset impairment under ASPE and IFRS. (6 Marks)

Answers

a) As of December 31, 2021, Good Food would account for the litigation by recording a contingent gain in its financial statements. When a gain is probable (likely to occur) and possible to be quantified, it is reported as a dependent gain. b) Tasty Food would record a contingent liability in its financial statements as of December 31, 2021, to reflect the litigation. When the result of an unknown occurrence is probable (likely to happen) and can be approximated, a contingent obligation is recorded.

The activities and financial success of a firm are detailed in financial statements, which are written reports. To ensure accuracy and to achieve goals related to taxes, finance, or investments, government agencies, accounting firms, etc. regularly audit financial records.

Big companies' financial statements may be complicated and include numerous management discussion and analysis notes in addition to the quantified extensive footnotes that accompany the financial statements.

In the notes, each line item on the income statement, balance sheet, and cash flow statement is frequently further described.

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1:Mr. Saeed sold his car for PKR 1.5 million which he
had purchased for PKR 1.4 million. He mentioned the details about
it to the counter party including total costs (PKR 1.6 mn). What
type of Bai is

Answers

The type of Bai (transaction) described in the scenario is known as Bai Muajjal.

Bai Muajjal is a deferred payment sale where the buyer purchases a product or asset on credit and agrees to pay the price in installments over a specified period. In this case, Mr. Saeed sold his car to the counterparty for PKR 1.5 million, with the understanding that the payment would be made in the future.

The key characteristic of Bai Muajjal is that the price and payment terms are agreed upon at the time of the sale, but the actual payment is deferred. The buyer commits to paying the agreed-upon amount in installments, either in equal or varying amounts, within a defined timeframe.

In this scenario, Mr. Saeed purchased the car for PKR 1.4 million, and he sold it for PKR 1.5 million. The total costs mentioned by Mr. Saeed (PKR 1.6 million) may include additional expenses related to the acquisition, such as taxes, registration fees, or maintenance costs. These costs are not directly related to the type of Bai being discussed.

Based on the information provided, the transaction described can be classified as Bai Muajjal, which is a deferred payment sale. The buyer purchased the car on credit and will make payments in installments over a specified period.

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Standardization of documents is the main focus of: O Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) O Islamic Financial Services Board (IFSB) O International Islamic Financial Market (IFM) O International Islamic Rating Agency (IIRA)

Answers

The main focus of standardization of documents lies with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an international organization that plays a significant role in setting standards for Islamic finance. One of its primary objectives is the standardization of documents used in Islamic financial transactions.

AAOIFI develops and issues accounting, auditing, and governance standards for Islamic financial institutions. These standards cover a wide range of areas, including financial reporting, investment, risk management, and Shariah compliance. By standardizing documents and practices, AAOIFI aims to enhance transparency, consistency, and comparability within the Islamic finance industry.

The organization's standards are widely recognized and followed by Islamic financial institutions globally. They provide guidance on the preparation of financial statements, the classification and valuation of assets and liabilities, and the treatment of specific Islamic financial instruments. Standardization facilitates better understanding, improves investor confidence, and promotes harmonization across different jurisdictions.

While other organizations such as the Islamic Financial Services Board (IFSB), International Islamic Financial Market (IIFM), and International Islamic Rating Agency (IIRA) also contribute to the development and regulation of Islamic finance, the main focus on standardization of documents lies with AAOIFI.

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. Incremental innovation often involves open-ended experimentation which can be very time consuming. True or False

2. Companies are rarely reluctant to invest time and resources in activities with an unknown future. True pr Fa;se

3. Firms using a focused approach to corporate entrepreneurship do NOT separate corporate venturing activities from ongoing operations of the firm. True or False

4. Exit champions are often eager to gather hard data about a venture because it might kill the project. True or Flase

5. The term skunkworks is used to refer to a specialized type of outside contractor that corporations use to develop entrepreneurial ideas. True or False

6. Successful corporate entrepreneurship requires firms to reach deep within their current operations and markets in the pursuit of new opportunities. True or False

Answers

1. True. Incremental innovation often involves open-ended experimentation which can be very time-consuming.

Incremental innovation refers to making small changes and improvements to the existing products, services, or processes of the company. It often involves open-ended experimentation, which can be very time-consuming and costly.

2. False. Companies are often reluctant to invest time and resources in activities with an unknown future. Activities with an unknown future include new product development, research and development, and corporate entrepreneurship. Companies often weigh the potential risks and benefits of such activities before investing time and resources.

3. False. Firms using a focused approach to corporate entrepreneurship separate corporate venturing activities from the ongoing operations of the firm. This allows the corporate venture to be more agile, flexible, and innovative. It also helps to shield the corporate venture from the bureaucracy and politics of the parent organization.

4. False. Exit champions are often eager to gather hard data about a venture because it might SAVE the project. Exit champions are individuals or groups who advocate shutting down a corporate venture. They often gather hard data and evidence to support their case.

5. False. The term skunkworks is used to refer to a specialized type of in-house unit that corporations use to develop entrepreneurial ideas. Skunkworks are autonomous, self-contained units that are given the freedom and resources to develop new products, services, or processes without being burdened by the bureaucracy and politics of the parent organization.

6. True. Successful corporate entrepreneurship requires firms to reach deep within their current operations and markets in the pursuit of new opportunities. This requires a deep understanding of the market, customer needs, and the firm's own capabilities. It also requires the willingness to take risks, experiment, and learn from failures.

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​(Present value of a growing​ perpetuity) Your firm has taken on cost saving measures that will provide a benefit of $16,000 in the first year. These cost savings will decrease each year at a rate of 4 percent forever. If the appropriate interest rate is 5 ​percent, what is the present value of these​ savings?

Answers

Formula to calculate the Present value of a growing perpetuity is:

PV of a growing perpetuity = C1 / (r - g)

where C1 is the cash flow at the end of year one,

r is the discount rate and g is the growth rate.

The cash savings each year decrease at a rate of 4% per year, so in the first year, it will be $16,000, the next year it will be $15,360 ($16,000 * 96%), and so on. The appropriate interest rate is 5% so the discount rate would be 0.05.The first year savings are $16,000. The cash flow growth rate is -4%, as the savings decrease by 4% each year. Starting from the second year, the savings for that year are the savings for the previous year, multiplied by (1 - 0.04).

Therefore, the second-year savings are 16,000 * (1 - 0.04) = 15,360

The third-year savings are the second-year savings, multiplied by (1 - 0.04).

Therefore, the third-year savings are 15,360 * (1 - 0.04) = 14,745.60 and so on.

The formula to calculate the Present value of a growing perpetuity is given as follows:

PV of a growing perpetuity = C1 / (r - g)

Where, C1 is the cash flow at the end of year one,

r is the discount rate, and g is the growth rate.

In the given problem, the cash savings each year decrease at a rate of 4% per year. The savings are $16,000 for the first year, which will be decreased by 4% each year. Therefore, the savings for the second year will be $15,360 ($16,000 * 96%), and so on. The savings will continue to decrease by 4% each year.So, we need to calculate the present value of these savings using the formula mentioned above. The appropriate interest rate is 5%, so the discount rate would be 0.05. The first-year savings are $16,000. The cash flow growth rate is -4%, as the savings decrease by 4% each year.

Therefore, the PV of the growing perpetuity can be calculated as:

PV of a growing perpetuity = C1 / (r - g)= $16,000 / (0.05 - (-0.04))= $16,000 / (0.05 + 0.04)= $16,000 / 0.09= $177,777.78

Therefore, the present value of these savings is $177,777.78.

Thus, the present value of these savings is $177,777.78.

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Materiality is an important aspect of any audit. Which of the following statements are accurate? (Several choices may be correct.)
The lower the materiality, the more work that is required
The higher the materiality the more work that is required
Materiality is used to guide the planning of the audit
Materiality is determined based on the level of audit risk
Materiality is determined during the execution phase of the audit

Answers

Materiality is an important aspect of any audit. The following are the accurate statements:Materiality is used to guide the planning of the auditMateriality is determined based on the level of audit risk.

Materiality is defined as the level below which financial information can be ignored without materially impacting the decision-making process of the users of financial statements. It is an important aspect of any audit. The auditor needs to have an understanding of materiality when conducting an audit. Materiality is used to guide the planning of the audit. It is determined during the planning phase of the audit.

Materiality is determined based on the level of audit risk. The auditor has to take into account both the size of the item and the nature of the item. In general, the larger the item, the lower the materiality, and the smaller the item, the higher the materiality. Materiality is important as it determines the scope of the audit. If materiality is set too high, the auditor may miss material misstatements. If materiality is set too low, the audit can become too time-consuming and expensive.

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OSCM 3430-01F/07F Ethan Cox 06/08/22 5:09 PM 2 Save Homework: M3 Assignment 2 Question 1, Problem 9 Pa HW Beore: 0%, 0 of 00 O Point: 0 of 4 Yoksa Press, Inc. buys paper in 1,500 pound tols for printing Annual demands 3,000 The cost per rot is $575, and the areal hoiding cost is 16 percent of the coal. Cacho a. How many roles should Vedow Press order t Yellow Press houso order rolls at a time (Enter your response rounded to the nearest whole number)

Answers

Once we have the EOQ, we will round it to the nearest whole number to determine the number of rolls Vedow Press should order at a time.

To determine how many rolls Vedow Press should order at a time, we need to consider the economic order quantity (EOQ) formula. The EOQ formula helps to find the optimal order quantity that minimizes the total inventory costs.

The formula for EOQ is:

EOQ = √((2 * D * S) / H),

where:

D = Annual demand = 3,000 rolls,

S = Ordering cost per order, and

H = Holding cost per unit.

Given that the cost per roll is $575 and the holding cost is 16% of the cost, we can calculate the ordering cost and holding cost as follows:

Ordering cost per order (S) = Cost per roll * Number of rolls = $575 * Number of rolls,

Holding cost per unit (H) = Holding cost as a percentage * Cost per roll = 0.16 * $575.

Substituting these values into the EOQ formula, we have:

EOQ = √((2 * D * S) / H)

    = √((2 * 3,000 * ($575 * Number of rolls)) / (0.16 * $575))

Simplifying the equation, we can cancel out the common factor of $575:

EOQ = √((2 * 3,000 * Number of rolls) / 0.16)

Now we can calculate the EOQ by substituting the values and solving the equation. Once we have the EOQ, we will round it to the nearest whole number to determine the number of rolls Vedow Press should order at a time.

Please provide the values for the ordering cost per order (S) and the holding cost as a percentage, and I can assist you further in calculating the EOQ.

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The following global marginal cost curve for greenhouse gas (GHG) emission abatement has been estimated for your country: MAC(Q) = 30+ 0.3Q where Q is the global quantity of abatement from current GHG levels. It's the sum of each country's abatement quantity Q₁ In your country, analysts have also determined the national benefits of global GHG emissions abatement: PMB 20 0.20 a. Assuming that your country can undertake the cheapest abatement possible as captured in the MAC curve above. What is the privately (nationally) efficient level of abatement Q* for your country? [2 marks] b. New evidence on the damages of climate change have prompted analysts to adjust the estimated marginal benefits function, to PMB = 40 0.2Q. Imagine that your neighbour also plans to mitigate climate change. Assume that the national benefits that it receives from global emissions abatement are exactly the same as yours, so that PMB = 40 - 0.2Q for each country i e{1, 2}. Suppose your country acts first and abates the privately (nationally) efficient level of abatement Q, (determined by the new estimated marginal benefit function). What would be the privately efficient response from your neighbor country? Assume that your country has already chosen the cheapest abatement possible, so that your neighbor's marginal abatement costs begin at Q rather than 0. [3 marks] c. Two countries are considering allowing tradeable permits. What would be the prices in the two markets? How much does each country abate? Assume initially your country has a cap of 30 tons of emissions and an uncontrolled emissions level of 70 tons, while your neighbour country has a cap of 40 tons, and an uncontrolled emissions level of 80 tons. [4 marks]

Answers

a. To determine the privately (nationally) efficient level of abatement (Q*) for your country, we need to find the quantity of abatement where the marginal cost of abatement (MAC) equals the marginal benefit of abatement (PMB).

MAC(Q) = PMB

30 + 0.3Q = 20 + 0.20Q

0.1Q = 10

Q = 100

Therefore, the privately (nationally) efficient level of abatement for your country is Q* = 100.

b. Given that your country has already chosen the privately (nationally) efficient level of abatement Q* based on the new estimated marginal benefit function, we can determine the privately efficient response from your neighbor country. The neighbor country's marginal benefit of abatement (PMB) is also PMB = 40 - 0.2Q.

Setting PMB equal to MAC, we have:

40 - 0.2Q = 30 + 0.3Q

0.5Q = 10

Q = 20

Therefore, the privately efficient response from your neighbor country is Q = 20.

c. To determine the prices in the two markets and the abatement levels for each country under a tradable permits system, we need to compare their cap levels and uncontrolled emissions levels.

For your country:

Cap: 30 tons

Uncontrolled emissions level: 70 tons

The abatement level for your country is the difference between the uncontrolled emissions level and the cap level:

Abatement = Uncontrolled emissions - Cap

Abatement = 70 - 30

Abatement = 40 tons

For your neighbor country:

Cap: 40 tons

Uncontrolled emissions level: 80 tons

The abatement level for your neighbor country is the difference between the uncontrolled emissions level and the cap level:

Abatement = Uncontrolled emissions - Cap

Abatement = 80 - 40

Abatement = 40 tons

The prices in the two markets are determined by the supply and demand of tradable permits. In a perfectly competitive market, the price will be determined by the marginal cost of abatement.

Since your country has a lower abatement cost (MAC) of 30 + 0.3Q and abates 40 tons, the price in your country's market will be:

Price in your country's market = MAC(Q)

Price in your country's market = 30 + 0.3(40)

Price in your country's market = 42

Similarly, the price in your neighbor country's market will be:

Price in your neighbor country's market = MAC(Q)

Price in your neighbor country's market = 30 + 0.3(40)

Price in your neighbor country's market = 42

Therefore, the prices in both markets will be 42, and each country will abate 40 tons.

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Assume that the market for wood is perfectly competitive.

During the COVID-19 pandemic, many people work from home and therefore need to build or improve their home offices. Using a supply and demand diagram explain how this event may affect the market equilibrium price and quantity of wood.

Answers

During the COVID-19 pandemic, the increased demand for home offices may have an impact on the market equilibrium price and quantity of wood. Using a supply and demand diagram, we can explain this as follows:

Begin with a standard supply and demand diagram, with the quantity of wood on the x-axis and the price of wood on the y-axis.

Due to the increased demand for home offices, the demand curve for wood will shift to the right, indicating a higher quantity demanded at each price level. This shift represents the increased willingness of consumers to purchase wood for home office construction or improvement.

As a result of the increased demand, the equilibrium price of wood will rise, reflecting the upward pressure on prices due to the higher demand. This is because the increased number of people working from home creates a higher need for wood products, such as desks, shelves, or renovations.

The equilibrium quantity of wood will also increase due to the increased demand. This implies that more wood will be bought and sold in the market to meet the higher consumer demand.

Therefore, the increased demand for home offices during the COVID-19 pandemic would lead to a higher equilibrium price and quantity of wood in the market. The specific magnitude of the price increase and quantity increase would depend on the elasticities of demand and supply for wood.

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Lujie Xie is the controller of Sheffield Corporation and is responsible for the preparation of the year-end financial statements on December 31, 2020. Sheffield prepares financial statements in accordance with ASPE. The following transactions occurred during the year: 1. On December 20, 2020, an employee filed a legal action against Sheffield for $110,000 for wrongful dismissal. Management believes the action to be frivolous and without merit. This opinion is shared by the corporate lawyer involved in the matter. The likelihood of payment to the employee is remote. 2. Bonuses to key employees based on net income for 2020 are estimated to be $230,000. 3. On December 1, 2020, the company borrowed $1,116,000 at 5% per year. Interest is paid quarterly. 4. Credit sales for the year amounted to $19 million. Sheffield's expense provision for doubtful accounts is estimated to be 2% of credit sales. 5. On December 15, 2020, the company declared a $2.08 per common share dividend on the 46,000 common shares outstanding, to be paid on January 5, 2021. 6. During the year, customer advances of $260,000 were received; $55,000 of this amount was earned by December 31, 2020. 7. Late in December 2020, Sheffield received a notice of assessment for its 2019 income tax filing. The Canada Revenue Agency disallowed a deduction claimed by Sheffield and an additional $7,000 of income taxes are owing and will be paid in early January 2021. For each item above, indicate the dollar amount to be reported as a current liability. (Round answers to O decimal places, e.g. 5,752.) Iteam No. Amount 1. $ 2. $ 3. 4. 5. 6. 7. +A $ LA LA $ $ LA

Answers

The transactions that occurred during the year, and their respective dollar amount to be reported as a current liability are as follows:

1. A legal action against Sheffield for $110,000 for wrongful dismissal was filed by an employee on December 20, 2020. Management believes the action to be frivolous and without merit.

The opinion is shared by the corporate lawyer involved in the matter. The likelihood of payment to the employee is remote. Therefore, no amount needs to be reported.

2. Bonuses to key employees based on net income for 2020 are estimated to be $230,000.

Therefore, the amount to be reported is $230,000.

3. On December 1, 2020, the company borrowed $1,116,000 at 5% per year. Interest is paid quarterly. Therefore, the amount to be reported is $6,975 ($1,116,000 * 5% * 1/4).

4. Credit sales for the year amounted to $19 million. Sheffield's expense provision for doubtful accounts is estimated to be 2% of credit sales.

Therefore, the amount to be reported is $380,000 ($19,000,000 * 2%).

5. On December 15, 2020, the company declared a $2.08 per common share dividend on the 46,000 common shares outstanding, to be paid on January 5, 2021. Therefore, the amount to be reported is $95,680 ($2.08 * 46,000).

6. During the year, customer advances of $260,000 were received; $55,000 of this amount was earned by December 31, 2020. Therefore, the amount to be reported is $55,000.7. Late in December 2020, Sheffield received a notice of assessment for its 2019 income tax filing.

The Canada Revenue Agency disallowed a deduction claimed by Sheffield and an additional $7,000 of income taxes are owing and will be paid in early January 2021. Therefore, the amount to be reported is $7,000.

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You own a stock that had returns of 13.82 percent, -16.94 percent, 23.16 percent, and 21.24 percent over the past four years. What was the arithmetic average return for this stock? 9.66% ,10.32%, 11.18% ,9.00%

Answers

Arithmetic Average Return is the simple average of a series of returns generated over a specific time period. For instance, if you owned a stock that had returns of 10 percent, 12 percent, 15 percent, and 9 percent over the past four years, the arithmetic average return for that stock would be 11.5 percent.

The arithmetic average return for the given stock can be calculated as follows:Given data:Returns of the stock over the past four years:[tex]13.82%[/tex], [tex]-16.94%[/tex], [tex]23.16%[/tex], and [tex]21.24%[/tex]. Now, we will add all the given returns and divide by the number of terms to obtain the arithmetic average return: Average return=[tex](13.82 - 16.94 + 23.16 + 21.24)/4=40.28/4=10.07%[/tex]

Hence, the arithmetic average return for the stock is 10.07 percent, which is approximately 10.32% (rounded to two decimal places).Therefore, the correct option is [tex]10.32%.[/tex]

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identify each statement as true or false concerning the data Netflix can collect via streaming vs. data acquired from its DVD-by-mail business. True False Netflix data advantage is much less than rivals, since anyway can collect data on streaming O O media Data allows for greater customization of titles and the types of content promotions offered to streaming customers Streaming provides more accuracy, since Netflix gains insight based on the length and frequency titles are watched by a given user. DVD-by-mail was more accurate since users were forced to rate all titles.

Answers

1.False - Netflix has a significant data advantage over rivals in terms of streaming data.

2.True - Data allows for greater customization of titles and content promotions for streaming customers.

3.True - Streaming data provides more accuracy as Netflix gains insights based on the viewing patterns of users.

4.False - DVD-by-mail was less accurate since users were not required to rate all titles.

1.The statement is false. Netflix has a significant data advantage over its rivals in terms of streaming data. As a streaming platform, Netflix collects extensive data on user viewing habits, preferences, and engagement metrics. This data gives Netflix valuable insights into customer behavior, allowing them to make data-driven decisions and tailor their content offerings to individual users.

2.The statement is true. Data collected from streaming allows for greater customization of titles and content promotions. By analyzing user data, Netflix can recommend personalized content recommendations based on user preferences and viewing history. This level of customization enhances the user experience and increases customer satisfaction.

3.The statement is true. Streaming data provides more accuracy compared to DVD-by-mail. With streaming, Netflix can gather detailed insights based on the length and frequency of titles watched by individual users. This granular data enables Netflix to make accurate predictions about user preferences, optimize content recommendations, and improve the overall streaming experience.

4.The statement is false. DVD-by-mail data was less accurate compared to streaming data. While users were encouraged to rate titles, they were not required to rate all titles they received. This resulted in incomplete and potentially biased data. In contrast, streaming data provides a more comprehensive and representative picture of user preferences and behavior, as it captures detailed information on what users actually watch and how they engage with the content.

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Exercise 2. Suppose the only three risky assets in the market have the following expected returns and standard deviations: Asset A Asset B Asset C Expected returns 12.5% 15.0% 25.0% Standard deviation

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The degree of variance or dispersion in a group of values is measured statistically by the standard deviation. It reveals the degree to which the data points deviate from the mean (average) value.

Given the following expected returns and standard deviations: Asset A Asset B Asset C Expected returns 12.5% 15.0% 25.0% Standard deviation For this case, we have the following mathematical formula that represents the calculation of the expected return:

E(Rp) = w1R1 + w2R2 + w3R3

where E(Rp) = expected return on a portfolio w1 = proportion of the portfolio invested in asset 1 R1 = expected return of asset 1 w2 = proportion of the portfolio invested in asset 2 R2 = expected return of asset 2 w3 = proportion of the portfolio invested in asset 3 R3 = expected return of asset 3.

Using the provided formula, let us find the portfolio expected returns (E(Rp)) below: For Asset A: E(Rp) = w1R1 + w2R2 + w3R3E(Rp) = (0.25 * 0.125) + (0.5 * 0.15) + (0.25 * 0.25)E(Rp) = 0.03125 + 0.075 + 0.0625E(Rp) = 0.16875For Asset B: E(Rp) = w1R1 + w2R2 + w3R3E(Rp) = (0.25 * 0.125) + (0.5 * 0.15) + (0.25 * 0.25)E(Rp) = 0.03125 + 0.075 + 0.0625E(Rp) = 0.16875For Asset C: E(Rp) = w1R1 + w2R2 + w3R3E(Rp) = (0.25 * 0.125) + (0.5 * 0.15) + (0.25 * 0.25)E(Rp) = 0.03125 + 0.075 + 0.0625E(Rp) = 0.16875.

Hence, the expected return for all the risky assets is 16.875%.

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Explain with examples the total quality management (TQM)
technique of rewards and recognition and how its
perform.

Answers

Total Quality Management (TQM) is a business approach that seeks to improve quality and performance to meet or exceed customer expectations.

In the first paragraph, we'll discuss the TQM technique of rewards and recognition, using a company's implementation as an example. In the second paragraph, we'll discuss the performance impacts of this technique. Toyota Motor Corporation is a prime example of the successful implementation of TQM's rewards and recognition. In addition to its rigorous quality standards and continuous improvement (Kaizen) culture, Toyota regularly recognizes employees who excel in their roles or suggest useful improvements. They do this through various means, such as awards ceremonies, commendations, or financial bonuses.  This approach of recognition has several performance benefits. Firstly, it promotes a sense of ownership among employees, making them feel valued and motivated to perform at their best. Secondly,

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3a. (10 marks) High and rising inequality harms our societies in many respects, not least in terms of economic growth. It can hamper social cohesion, results in lost opportunities for many, and can even result in worse health outcomes. Briefly discuss this statement with reference to the main drivers of income inequality and the policies necessary to promote inclusive growth. (15 marks)

Answers

The statement "High and rising inequality harms our societies in many respects, not least in terms of economic growth. It can hamper social cohesion, results in lost opportunities for many, and can even result in worse health outcomes" is accurate as income inequality is linked to a wide range of negative social and economic consequences.

The following are the primary drivers of income inequality:

1. Education: Education is one of the most important factors in determining someone's earnings. People who complete higher education are more likely to be employed in higher-paying jobs.

2. Globalisation:

Globalisation has resulted in increased trade and cross-border investments, but it has also resulted in greater inequality within countries as industries move to countries with lower wages.

3. Technological innovation: Technological advancement has resulted in a significant reduction in low-skilled jobs, which has contributed to income inequality.

Policies necessary to promote inclusive growth are:

1. Education: Education is one of the most critical policies to reduce income inequality. Greater access to high-quality education can help to level the playing field by increasing the number of skilled workers.

2. Progressive taxation: Taxes can be used to redistribute income from the wealthy to the poor. A more progressive tax system can be used to accomplish this.

3. Minimum wage laws: A minimum wage can ensure that all employees receive a basic level of income, resulting in reduced income inequality.

4. Social safety net programs: Social programs, such as welfare and food assistance, can help those in poverty.

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The monopolist's goal is to maximize its profits. As a result of this behavior, the economic consequence is price is greater than marginal cost. result in a transfer of consumer surplus to the firm. producing output where MR = MC and charging whatever the market demand curve will bear. All answers are correct

Answers

The larger the price difference between the marginal cost and the price, the greater the deadweight loss.

A monopolist's goal is to maximize profits. As a result of this behavior, the economic consequence is that price is greater than marginal cost. As the monopolist is the only firm operating in the market, it can charge a higher price than marginal cost to increase its profits. This results in a transfer of consumer surplus to the firm. The monopolist produces output where MR = MC and charges whatever the market demand curve will bear. This enables the monopolist to achieve the highest possible profits. In economic terms, this is known as a deadweight loss. It refers to the reduction in overall economic efficiency that occurs when a monopoly firm charges a price that is greater than marginal cost. The deadweight loss results from the reduction in economic surplus that occurs when consumers are forced to pay more for a good or service than it is actually worth to them. The larger the price difference between the marginal cost and the price, the greater the deadweight loss.

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Hassan's income increases and, as a result, he buys more fish. Is fish an inferior or a normal good? Why? What happens to Hassan's demand curve for fish? Explain. Over the past 30 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? And the market for typewriters? Explain.

Answers

Fish is likely a normal good for Hassan because as his income increases, he buys more of it. The demand curve for fish would shift to the right, indicating an increase in demand, as Hassan's higher income allows him to purchase more fish.

Fish being a normal good for Hassan implies that it is a product for which demand increases as income rises. This suggests that fish is considered a desirable and higher-quality product that people are willing to consume more of when they have more purchasing power. As Hassan's income increases, he has more disposable income available to spend on various goods, including fish. Consequently, he chooses to buy more fish, indicating that it is a normal good for him.

In terms of the demand curve for fish, the increase in Hassan's income would cause a rightward shift in the curve. This means that at each price level, Hassan is now willing and able to buy more fish compared to his previous income level. The shift reflects an increase in demand for fish, as higher income enables him to afford and consume a greater quantity of fish. The entire demand curve would shift, indicating a change in the relationship between the price of fish and the quantity demanded by Hassan. The extent of the shift depends on the income elasticity of demand for fish, which measures the responsiveness of quantity demanded to changes in income.

Regarding technological advances in computer chips, they have had a significant impact on the market for computers. These advancements have led to increased efficiency, improved performance, and reduced production costs for computer manufacturers. As a result, the market for computers has experienced increased supply, lower prices, and higher demand.

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Based on the following data, is there any arbitrage opportunities? Please detail the

action plan to generate arbitrage profit/loss.

Spot rate CAD/EUR

180 day - Forward rate CAD/EUR

0.7322-44

0.7330-58

CAD'S APR

5%-6%

EUR'S APR

7%-8%

Answers

Based on the provided data, there doesn't seem to be any immediate arbitrage opportunities. The calculated potential forward rate aligns with the actual forward rates, suggesting that the market is appropriately pricing the CAD/EUR exchange rate considering the interest rate differentials.

To determine if there are any arbitrage opportunities, we need to compare the spot rate with the forward rate and consider the interest rate differentials between CAD and EUR. Here's the action plan to evaluate potential arbitrage opportunities:Calculate the potential forward rate based on the interest rate differentials:

CAD's APR: 5%-6%

EUR's APR: 7%-8%

The potential forward rate for CAD/EUR can be calculated using the interest rate parity formula:

Forward Rate = Spot Rate × (1 + Domestic Interest Rate) / (1 + Foreign Interest Rate)

Using the lower end of the interest rate range:

CAD Forward Rate = 0.7322 × (1 + 0.06) / (1 + 0.07) = 0.7320

Using the upper end of the interest rate range:

CAD Forward Rate = 0.7324 × (1 + 0.05) / (1 + 0.08) = 0.7320

The calculated potential forward rate is consistent in both cases, which indicates no arbitrage opportunity based on the interest rate differentials alone.Compare the potential forward rate with the actual forward rates provided:

Forward rate CAD/EUR: 0.7322-44 (Bid-Ask)

Forward rate CAD/EUR: 0.7330-58 (Bid-Ask)

The potential forward rate of 0.7320 falls within the range of the actual forward rates, indicating that the market is priced efficiently, and there are no obvious arbitrage opportunities based on the forward rates.

In conclusion, based on the provided data, there doesn't seem to be any immediate arbitrage opportunities. The calculated potential forward rate aligns with the actual forward rates, suggesting that the market is appropriately pricing the CAD/EUR exchange rate considering the interest rate differentials. It's important to continuously monitor the market for any changes in rates and assess potential arbitrage opportunities in real-time.

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Firm commitment versus best efferts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity: (a) a best efforts arrangement whereby Astro will keep 3.1% of the retail sales or (b) a firm commitment arrangement of $10,200,000. Lunar plans on offering shares at $11.17 per share to the public. What is the break-even point in number of shares for Lunar Vacations? What are the proceeds to Lunar Vacations and Astro Investment Bank at the break-even point?

Answers

The break-even point in number of shares for Lunar Vacations is determined by dividing the total amount needed to be raised by the offer price per share.

To determine the break-even point in number of shares for Lunar Vacations, we need to divide the total amount needed to be raised by the offer price per share. In this case, the total amount needed to be raised is $10,200,000 and the offer price per share is $11.17. Dividing these values, we find that the break-even point is approximately 914,438 shares.

At the break-even point, the proceeds to Lunar Vacations can be calculated by multiplying the offer price per share by the number of shares sold, which is 914,438 in this case. The proceeds to Lunar Vacations would be approximately $10,220,000.

For Astro Investment Bank, in the best efforts arrangement, they keep 3.1% of the retail sales. Since the break-even point represents the point where no profit or loss is incurred, Astro Investment Bank would not receive any proceeds at the break-even point.

Therefore, the break-even point for Lunar Vacations is approximately 914,438 shares, and at this point, Lunar Vacations would receive proceeds of approximately $10,220,000, while Astro Investment Bank would not receive any proceeds in the best efforts arrangement.

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Pete Promoter was the producer of music concerts that used fireworks as a means to create excitement among the crowd. His lawyer advised him to have everyone who attended his concerts sign a document containing an exculpatory clause releasing Pete and his company from any and all liability, whether resulting from an intentional, reckless or negligent act. On one tragic Saturday night, Pete decided to exceed the fire code's requirements with regard to his fireworks display by putting more explosives in the fireworks than allowed by the code knowing that this would cause a hazard. When the fireworks were set off, some of the drapery around the stage burst into flames and killed several of those attending the concert who were sitting close to the stage. The families of those killed brought suit against Pete and his company, but Pete moved to dismiss the suit because of the exculpatory clause in the document signed by those attending the concert. How should the court rule on Pete’s motion? Explain your answer.

Answers

The court should not accept Pete’s motion to dismiss the suit based on the exculpatory clause included in the document signed by those attending the concert.

This is because, in this case, Pete went beyond the acceptable standards and deliberately exceeded the fire code's requirements, which led to the death of several individuals who attended the concert.Exculpatory clauses are usually used to reduce the risk of being sued by people who attend an event, but in this case, it would not be upheld by the court. The clause is intended to relieve a person from the consequences of their own negligence and to shield them from being held accountable for it. However, in this case, Pete deliberately violated the fire code, putting the lives of those attending the concert at risk, and therefore the exculpatory clause cannot be enforced.This is also in line with the general principle of law, which is that public policy will not tolerate such a clause that would shield a person from liability in cases of gross negligence or willful harm to others. Since Pete knew that his actions could put the lives of others at risk and still went ahead with them, the court should rule that the exculpatory clause is not valid, and Pete and his company should be held liable for the death of those who attended the concert.

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You want to value a stock, but it does not pay any dividends. The last period’s FCFE was $5.79 and it has an estimated annual free cash flow growth rate of 7.76%. The required return for this stock is 10.63% and its long term growth rate is 2.46%. It also has an ROE of 25.7%. What is the estimated intrinsic value using the constant state FCFE method? State your answer as a percentage with two decimal places

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The estimated intrinsic value using the constant state FCFE method is $201.39.

Constant state FCFE (Free Cash Flow to Equity) is a valuation approach to calculate a firm's intrinsic value based on the estimated future cash flows generated by the firm.

The constant state FCFE method assumes that the free cash flow to equity will remain constant, which makes it a preferred valuation method for stable and mature companies.

To calculate the estimated intrinsic value using the constant state FCFE method, we can use the formula:

Intrinsic Value = FCFE / (R - G)

where,FCFE = the Free Cash Flow to Equity

R = the Required Rate of Return

G = the Annual Growth Rate of Free Cash Flow to Equity

Considering the given values in the question:

FCFE = $5.79

Growth rate of FCFE = 7.76%

Required rate of return (R) = 10.63%

Long-term growth rate (g) = 2.46%

We can use the above formula to find out the intrinsic value of the stock.

Intrinsic Value = $5.79 / (10.63% - 7.76%)

Intrinsic Value = $5.79 / 0.0287

Intrinsic Value = $201.39

Therefore, the estimated intrinsic value using the constant state FCFE method is $201.39.

Now, let's calculate the percentage change in the stock price. It can be calculated as follows:

Percentage Change = ((Intrinsic Value - Current Market Price) / Current Market Price) * 100

Given that the current market price is not given, we cannot calculate the percentage change in the stock price.

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E14.13 (LO 4) The following information is taken from the 2020 general ledger of Okonedo ASA. Rent Rent expense € 40,000 Prepaid rent, January 1 5,600 Prepaid rent, December 31 9,000 Salaries Salaries and wages expense € 65,000 10,000 Salaries and wages payable, January 1 Salaries and wages payable, December 31 8,000 Sales Sales revenue €170,000 Accounts receivable, January 1 19,000 Accounts receivable, December 31 7,000 Instructions In each case, compute the amount that should be reported in the operating activities section of the state- ment of cash flows under the direct method.

Answers

The amount that should be reported in the operating activities section of the statement of cash flows under the direct method for Okonedo ASA is €171,000.

The operating activities section of the statement of cash flows under the direct method includes cash inflows and outflows directly related to the company's core operations. To calculate the amount for this section, we need to consider the changes in the relevant accounts. For Rent, the Rent expense of €40,000 is reported as an outflow in the operating activities section. For Salaries, the change in Salaries and wages payable is considered. The Salaries and wages payable of €10,000 (January 1) minus €8,000 (December 31) represents a decrease in payable, which means an increase in cash. Therefore, €2,000 is reported as an inflow in the operating activities section.

For Sales, the change in Accounts receivable is considered. The Accounts receivable of €19,000 (January 1) minus €7,000 (December 31) represents a decrease in receivables, which means an increase in cash. Therefore, €12,000 is reported as an inflow in the operating activities section. Adding up the Rent expense, Salaries adjustment, and Sales adjustment, the total amount reported in the operating activities section of the statement of cash flows under the direct method is €40,000 + €2,000 + €12,000 = €54,000. However, it's important to note that the given information does not provide specific details about other operating cash flows, such as cash paid for operating expenses. Therefore, the total amount reported in the operating activities section may vary depending on additional information not provided.

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Show how MIss Ferenzi of Charles Baxter's "Gryphon challengesthe inevitable regimentation and uniformity of school experinceenvisioned by the mothers in "School Children." Begin by using thepoem it make a graph to compare the distribution of housing status for males and females. Which of the following statements about the putting-out system is true?The putting-out system was proposed as an alternative to slave labor and indentured servitude.The putting-out system was instituted by the federal government to gain economic dominance abroad.The putting-out system was burdensome on workers, who had to go through apprenticeships to become journeymen.The putting-out system allowed merchants to rely on unskilled labor, which cut production costs. expenses 12 EBITDA 13 Depreciation and amorization 14 EBIT 15 Interest expense 16 Pretax income 17 Income taxes 18 Net income 19 Shares outstanding 20 EPS 21 22 Exhibit 2. Lagorge Systems, Inc Balance Sheet 23 in millions) 24 2017 25 Current Assets 26 Cash and equivalents 210.00 $ 27 Receivables $ 474.00 $ 28 Inventories 5 520.00 $ 29 Total current assets 1,204.00 $ 30 31 Noncurrent Assets 32 Property, plant, and equipment 2,501.00 $ 33 Less. Accumulated depreciation 604005 34 Net property, plant, and equipment 1,897.00 $ 35 Other noncurrent assets 100005 36 Total noncurrent assets 199700 37 Total assets 3,201 005 38 39 Current Liabilities 2018 248.00 513.00 564.00 1,325.00 2,850.00 784.00 2,066.00 100 00 2.166.00 3.491.00 If you are a future business leader, how will analyzing competitor data help drive your business strategies? Middletown, U.S.A., has been dealing with several monopoly firms, making it difficult for new firms to enter. Match each company to the best description of the particular "barrier to entry" it is benefitting from Drag each item on the left to its matching item on the right. Larry's Lawn Care has exclusive rights to mow the grass for all city government property in town for the next 5 years. Marvin's Mining Company runs 100 different pieces of large equipment and trucks in daily operations. control of resources problems raising capital Burt's Brass Band gets a royalty from every download of a song. economies of scale patents and copyright law Wanda's Water Park adds a new water slide or ride each year to the already large park, and can do it fairly cheaply due to volume discounts from the firm that produces the slides. licensing Lucinda's Lake Condos owns all the property around Middletown Lake, the only lake for 200 miles. to answer the question below, browse the home section in the culturegrams. what is the story behind the emblem of switzerland's flag? 11. The joints expressed by dip and direction. True False 12. Hexagonal or columnar jointing is due to compression stress. True False 13. Differential stress means a change in shape, but not in size. True False 14. Closed fold has a constant thickness of beds. True False 15. Oceanic crust destroyed at convergent boundary. True False if a dvd is spinning at 100 mph and has a radius of 14 inches, what is the linear speed of a point 3 inches from the center. Choose the situation where the employer is not violating Title VII's prohibition against discrimination on the basis of religion.Question 23 options:1) Charles, the president of a company that owns several gas stations, needs managers for the new convenience stores he has decided to add to the stations. He posts a job announcement at the Hindu Temple he attends and asks other members of the temple to refer only Hindu friends or family members who may be interested in the position. He does no other recruitment.2) Mary is a human resources officer who is filling a vacant administrative position at her company. During the application process, she performs an Internet search on the candidates and learns that one applicant, Jonathan, has written an article for the local chapter of the Ethical Society setting forth his view that religion has been historically divisive and explaining why he subscribes to no religious beliefs or practices. Although Mary believes he is the most qualified candidate, she does not hire him because she knows that many current company employees are observant Christians like her, and she believes they would be more comfortable working with someone like-minded.3) Joanne, a family-owned retail store clerk, is frequently 30-45 minutes late for her shift several days per week when she attends Mass at a Catholic Church across town. Her employer, Donald, who has budget restrictions and is unable to hire another employee during that shift, has spoken with Joanne regarding a shift change, but that is not a viable option for Joanne. On most days when Joanne is late, Donald has found himself overwhelmed tending to customers and the cash register at the same time. He is determined to fire Joanne the next time she is late.4) Darpak, who practices Buddhism, holds a Ph.D. degree in engineering and applied for a managerial position at the research firm where he has worked for 10 years. He was rejected in favor of a non-Buddhist candidate who was less qualified. (a) A firm's production function is given by Q=K +L where Q, L and K denote the number of units of output, labour and capital, respectively. Labour costs are $2 per unit, capital costs are $1 per unit. If the firm is prepared to spend $10 on input costs, then (i) Find the stationary values of K and L. Show optimum points of K and L by drawing Isoquant and Isocost curves. (ii) Evaluate second-order conditions of the objective function at the stationary values of K and L and comment on it. (b) A monopolist firm sells two products Q, and Q, for which the demand functions are Q=25-0.5PP, is the price of good 1 Q =30-P; P, is the price of good 2 and the combined total cost (TC) function is TC=Q+20, 0, +0+20 (i) Find the profit-maximizing level of price and outputs for each product. (ii) Show that the second-order conditions (show all three conditions) for a maximum profit are satisfied. . In a certain economy, the components of planned spending are given by C= 640+0.8(Y-T)-400r, |= = 250-600r+ G=300, NX=20, T-250. Find the short-run equilibrium output setting r=0.05.+ 16. For the economy in the Question above, suppose the Fed sets the real interest rate at 3 percent. Find short-run equilibrium output. What is the nature of the language used by defense intellectuals as described by Carol Cohn? What is Cohn's critique and what are the problems with it?Give me a short answer that you could answer fully. . Suppose that the current exchange rate is 1.00 $1.60. The indirect quote from the U.S. perspective is A. 1.00 $1.60. 0.6250 = $1.00. C. 1.60 $1.00 D. None of the above Information pertaining to Noskey Corporations sales revenue follows:November 2018(Actual)December 2018(Budgeted)January 2019(Budgeted)Cash sales$80,000$100,000$60,000Credit sales240,000360,000180,000Total sales$320,000$460,000$240,000Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next months projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price.Required:Determine for Noskey:1. Budgeted cash collections in December 2018 from November 2018 credit sales.2. Budgeted total cash receipts in January 2019.3. Budgeted total cash payments in December 2018 for inventory purchases.Information pertaining to Noskey Corporations sales revenue follows: November 2018 (Actual) December 2018 (Budgeted) January 2019 (Budgeted) Cash sales $ 80,000 $ 100,000 $ 60,000 Credit sales 240,000 360,000 180,000 Total sales $ 320,000 $ 460,000 $ 240,000 Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next months projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price. Required: Determine for Noskey: 1. Budgeted cash collections in December 2018 from November 2018 credit sales. 2. Budgeted total cash receipts in January 2019. 3. Budgeted total cash payments in December 2018 for inventory purchases. In the case of a Bill which has been introduced into the House of Representatives:Select one:a. There is no copyright in a Bill by virtue of s27 of the Copyright Act 1994b. Copyright in the text of the Bill is vested in the Speaker of the House of Representativesc. Copyright is vested in the Government department responsible for the Bill. In the case of a members bill, it is vested in the member in whose name the Bill stands. A local furniture store is advertising a deal in which you buy a $5,300 living room set with three years before you need to make any payments (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $5,300 bill in three years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value How much would you have to deposit in the savings account each month 4 percent APR to be able to pay the bill? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Annuity payment JB Ltd. a construction business, currently owned by XYZ Plc., operates a standard marginal cost accounting system. Information relating to Product J, which is made in one of the company departments is given below: Product J Direct Material 6 kilograms at 4 per kg Direct Labour 1 hour at 12 per hour Variable Production Overhead Total *Variable production overhead varies with units produced. Budgeted fixed production overhead, per month: 100,000. Budgeted production for Product J: 20,000 units per month. Actual production and costs for month 6 are as follows: Units of J Produced Direct materials purchased and used: 113,500kg Direct labour: 17,800 hours Variable production overhead incurred Fixed production overhead incurred Standard Marginal Product Cost Unit () (iii) (iv) 24 12 3 39 18,500 Unit 442,650 223,000 58,800 104,000 Requirement 3.1 Prepare a columnar statement showing, by element of cost, the: Original Budget; (ii) Flexible Budget; Deia het and Actual; Total Variances 1 -The end-- ^ Lan statemen dng bng beang 3.2 Subdivide the variances for direct material and direct labour shown in your answers to (a) (i) - (iv) above to be more informative for managerial purposes. 3.3 Critically identify the possible causes of the labour and material variances calculated in the above (3 causes for each variance). Consider the discrete random variable X given in the table below. Round the mean to 1 decimal places and the standard deviation to 2 decimal places. 3 4 7 14 20 X P(X) 2 0.08 0.1 0.08 0.1 0.55 0.09 11 A subsidy transfers surplus from the consumer to the producer. The statement is :Select one:TrueFalse