The Hebrew Bible began to take a relatively firm shape after the Jews returned from the Babylonian exile. During this time, Jewish scribes were keen to collect and preserve Jewish history and traditions.
Therefore, a group of Jewish scribes and scholars collaborated to compile and redact a vast collection of texts, which were later edited and redacted to form the Hebrew Bible. The Hebrew Bible is a collection of texts that contains the Jewish scripture and religious beliefs.
It is composed of three main parts: the Torah, the Nevi'im, and the Ketuvim. These parts are also referred to as the Tanakh, which is an acronym for the three sections. The Torah is the most important section of the Hebrew Bible, which contains the five books of Moses.
To know more about relatively visit:
https://brainly.com/question/13195054
#SPJ11
DMA Inc. processes corn into corn starch and corn syrup. The company's productivity and cost standards follow: - From every bushel of corn processed, 12 pounds of starch and 7 pounds of syrup should be produced. - Standard direct labor and variable overhead total $0.54 per bushel of corn processed. - Standard fixed overhead (the predetermined fixed overhead application rate) is $0.38 per bushel processed. Required: Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 16,000 bushels of corn if the average cost per bushel is $1.65.
To calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 16,000 bushels of corn, we'll follow these steps:
Step 1: Calculate the total standard cost per bushel:
Standard direct labor and variable overhead per bushel = $0.54
Standard fixed overhead per bushel = $0.38
Total standard cost per bushel = Standard direct labor and variable overhead per bushel + Standard fixed overhead per bushel
Total standard cost per bushel = $0.54 + $0.38 = $0.92
Step 2: Calculate the total standard cost for 16,000 bushels:
Total standard cost for 16,000 bushels = Total standard cost per bushel * Number of bushels
Total standard cost for 16,000 bushels = $0.92 * 16,000 = $14,720
Step 3: Calculate the standard cost per pound for starch and syrup:
Total standard pounds of starch produced = 12 pounds per bushel * 16,000 bushels = 192,000 pounds
Total standard pounds of syrup produced = 7 pounds per bushel * 16,000 bushels = 112,000 pounds
Standard cost per pound of starch = Total standard cost for 16,000 bushels / Total standard pounds of starch produced
Standard cost per pound of syrup = Total standard cost for 16,000 bushels / Total standard pounds of syrup produced
Standard cost per pound of starch = $14,720 / 192,000 pounds
Standard cost per pound of syrup = $14,720 / 112,000 pounds
Finally, you can calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 16,000 bushels of corn using the values obtained above.
To learn more about standard absorption cost, visit
brainly.in/question/24225296
#SPJ11
Project S requires an initial outlay at t = 0 of $13,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t = 0 of $49,000, and its expected cash flows would be $11,450 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend?
Select the correct answer.
a. Both Projects S and L, since both projects have NPV's > 0. b. Both Projects S and L, since both projects have IRR's > 0. c. Project L, since the NPVL > NPVS. d. Neither Project S nor L, since each project's NPV < 0.
c: Project L should be recommended over Project S since the NPV of Project L is greater than the NPV of Project S.
To determine which project to recommend, we need to compare the net present value (NPV) of both projects. NPV measures the profitability of an investment by calculating the present value of expected cash flows minus the initial outlay.
Let's calculate the NPV for both projects using a discount rate equal to the weighted average cost of capital (WACC) of 15%:
For Project S:
Initial outlay (t=0) = $13,000
Expected cash flows per year = $5,000
Number of years = 5
Using the formula for NPV:
NPV = -Initial outlay + (Expected cash flows / (1 + WACC)^t)
NPVS = -$13,000 + ($5,000 / (1 + 0.15)^1) + ($5,000 / (1 + 0.15)^2) + ($5,000 / (1 + 0.15)^3) + ($5,000 / (1 + 0.15)^4) + ($5,000 / (1 + 0.15)^5)
Calculating the above equation, we find NPVS ≈ $9,287.
For Project L:
Initial outlay (t=0) = $49,000
Expected cash flows per year = $11,450
Number of years = 5
NPVL = -$49,000 + ($11,450 / (1 + 0.15)^1) + ($11,450 / (1 + 0.15)^2) + ($11,450 / (1 + 0.15)^3) + ($11,450 / (1 + 0.15)^4) + ($11,450 / (1 + 0.15)^5)
Calculating the above equation, we find NPVL ≈ $17,790.
Comparing the NPVs, we can see that NPVL > NPVS. Therefore, the correct answer is option c: Project L should be recommended over Project S since the NPV of Project L is greater than the NPV of Project S.
It's worth noting that we did not consider the internal rate of return (IRR) in this analysis. However, since the projects have the same cash flows and the same duration, the project with the higher NPV will also have the higher IRR. Therefore, Project L would likely have a higher IRR as well.
Learn more about Project L
brainly.com/question/33025720
#SPJ11
Company purchases a piece of equipment for $650,000 on May 1. The expected useful life of the equipment is 10 years, and it is expected to produce 100,000 products over its lifetime. If the salvage value is expected to be $50,000, compute (using the Units of Production Method and assuming 9,500 products were produced): - Year 1 depreciation expense. - End of Year 1 accumulated depreciation. - End of Year 1 book value.
The depreciation expense for Year 1 would be $60,000. The accumulated depreciation at the end of Year 1 would be $60,000, and the book value at the end of Year 1 would be $590,000.
The Units of Production Method calculates depreciation based on the number of units produced by the equipment. In this case, the total expected units over the equipment's lifetime are 100,000. To determine the depreciation expense for Year 1, we need to find the depreciation cost per unit.
Depreciation cost per unit = (Purchase cost - Salvage value) / Total expected units
= ($650,000 - $50,000) / 100,000
= $600,000 / 100,000
= $6 per unit
Given that 9,500 products were produced in Year 1, we can calculate the depreciation expense for Year 1:
Depreciation expense for Year 1 = Depreciation cost per unit * Number of units produced in Year 1
= $6 * 9,500
= $57,000
At the end of Year 1, the accumulated depreciation will be the sum of all the depreciation expenses up to that point. Therefore, the accumulated depreciation at the end of Year 1 would be $57,000.
To calculate the book value at the end of Year 1, we subtract the accumulated depreciation from the initial cost of the equipment:
Book value at the end of Year 1 = Purchase cost - Accumulated depreciation
= $650,000 - $57,000
= $593,000
Therefore, at the end of Year 1, the accumulated depreciation would be $57,000, and the book value would be $593,000.
Learn more about expense here: https://brainly.com/question/29844123
#SPJ11
Suppose you are responsible for the design of a new order entry and sales analysis system for a national chain of auto part stores. Each store has a PC that supports office functions. The company also has regional managers who travel from store to store working with the local managers to promote sales. There are four national offices for the regional managers, who each spend about 1 day a week in their office and 4 on the road. Stores place orders to replenish stock on a daily basis, based on the sales history and inventory levels. The company uses the Internet to connect store PCs into the company’s main computer. Each regional manager has a laptop computer to also connect with stores and the main office.
Recommend (briefly describe) a technology architecture for supporting the business activities of the company.
Recommended tech architecture: Distributed client-server model, utilizing Internet for seamless order entry, sales analysis, and communication between store PCs, regional managers' laptops, and main computer.
A distributed client-server model with Internet connectivity offers a scalable and efficient solution. The store PCs would serve as clients, utilizing web-based interfaces or custom software to facilitate order entry and sales analysis. These PCs would connect to the company's main computer through the Internet, enabling real-time data synchronization and centralized data management.
The regional managers' laptops would also connect to the main office and stores, allowing them to access and update information while on the road. This ensures seamless communication and collaboration between regional managers, local managers, and the main office.
This technology architecture enables efficient order processing, accurate sales analysis, and streamlined communication throughout the organization. It leverages the power of the Internet and client-server computing to provide a robust and scalable solution that supports the business activities of the national chain of auto part stores.
Learn more about management here:
https://brainly.com/question/32216947
#SPJ11
Stevenson's Bakery is an allequity firm that has projected perpetual EBIT of $186.000 per year. The cost of equity is 13.3 percent and the tax rate is 21 percent. The firm can borrow perpetual debt at 6.2 percent. Currently, the firm is considering converting to a debt-equity ratio of 96 . What is the firm's levered value? Mustiple Chalce 5830707 5923,008 51,218.450 3999802
The levered value of the firm is $1,398,576.88. (option c).
Perpetual EBIT = $186,000 per year.
Cost of equity = 13.3%.
Tax rate = 21%.
Perpetual debt = 6.2%.
Debt-equity ratio = 96.
Now, we need to find the levered value of the firm.
Levered value of the firm is given by:
Levered value = Unlevered value + (Debt × Tax rate)
We know that,
Unlevered value = Perpetual EBIT / Cost of capital
Here, we need to calculate the unlevered value:
Unlevered value = $186,000 / 0.133
Unlevered value = $1,398,496.24
Now, we will calculate the debt and equity value by using debt-equity ratio. For every 96 debt, there will be 4 equity. So,
Debt-equity ratio = Debt / Equity
96 = Debt / 4
Debt = 96 × 4 = $384
Now,Equity = Total value – Debt
Total value = Equity / (1 - (Tax rate))= 4
Equity / (1 - 0.21)= 4
Equity / 0.79
Equity = $1,844.80
Now, we have,
Debt = $384
Equity = $1,844.80
Now, we can calculate the levered value:
Levered value = Unlevered value + (Debt × Tax rate)= $1,398,496.24 + ($384 × 0.21)= $1,398,496.24 + $80.64= $1,398,576.88
Hence, the levered value of the firm is $1,398,576.88. Therefore, option (c) 51,218.450 is the correct answer.
To know more about levered value:
https://brainly.com/question/27994491
#SPJ11
the final decision to hire an applicant usually belongs to:
The final decision to hire an applicant usually belongs to the employer or hiring manager.
In the hiring process, the final decision to hire an applicant rests primarily with the employer or hiring manager. They are responsible for evaluating the candidates, reviewing their qualifications and suitability for the position, and making the ultimate hiring decision. The employer or hiring manager considers various factors such as the applicant's skills, experience, qualifications, cultural fit, and overall potential to contribute to the organization. They may also consult with other stakeholders, such as HR professionals or team members, to gather input and insights. Ultimately, the final decision lies with the employer or hiring manager, who has the authority and responsibility to determine which candidate is the best fit for the job. This decision-making process aims to select the most qualified and suitable candidate who aligns with the organization's goals, values, and requirements.
learn more about hiring manager here:
https://brainly.com/question/32798753
#SPJ11
Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8,000 kilograms of theolite. Intercontinental does not use theolite for its regular product, but the firm has 8,000 kilograms of the chemical on hand from the days when it used theolite regularly. The theolite could be sold to a chemical wholesaler for 14,500 p. The book value of the theolite is 2.00 p per kilogram. Intercontinental could buy theolite for 2.40 p per kilogram. (p denotes the peso, Argentina’s national monetary unit. Many countries use the peso as their unit of currency. On the day this exercise was written, Argentina’s peso was worth 0.104 U.S. dollar.)
Required:
1-a. What is the relevant cost of theolite for the purpose of analyzing the special-order decision?
Relevant Cost _______p
Intercontinental’s special order requires 1,000 kilograms of genatope, a solid chemical regularly used in the company’s products. The current stock of genatope is 8,000 kilograms at a book value of 8.10 p per kilogram. If the special order is accepted, the firm will be forced to restock genatope earlier than expected, at a predicted cost of 8.70 p per kilogram. Without the special order, the purchasing manager predicts that the price will be 8.30 p when normal restocking takes place. Any order of genatope must be in the amount of 5,000 kilograms.
Total Relevant Cost ______
For theolite, the relevant cost is the opportunity cost of not selling it to a wholesaler, which is 14,500 p. The incremental cost and the book value yields a total relevant cost of 8,400 p for genatope.
1. Relevant cost of theolite:
The relevant cost of theolite for analyzing the special-order decision is the opportunity cost, which is the value theolite could generate if sold to a wholesaler. Since the company has excess theolite on hand, the relevant cost is the foregone opportunity of selling it, which is 14,500 p.
2. Total relevant cost of genatope:
The total relevant cost of genatope includes both the incremental cost of restocking earlier and the book value of the current stock.
The incremental cost per kilogram for restocking genatope earlier is the difference between the predicted cost of restocking for the special order (8.70 p) and the predicted cost without the special order (8.30 p).
Thus, the incremental cost is 0.40 p per kilogram. Multiplying this by the quantity required (1,000 kilograms) gives an incremental cost of 400 p. Additionally, the book value of the current stock (8,000 kilograms) is relevant and equals 8.10 p per kilogram.
Therefore, the total relevant cost of genatope is the sum of the incremental cost and the book value, which is 8,400 p.
Learn more about stock here :
https://brainly.com/question/21602828
#SPJ11
a) The residents of Ndola have complained that there is a lack of investment in the water sector by the Ndola city council. Consequently, the council is forced to ration water supplies to households during the dry season, When the council imposes water rationing, it affects the consumer's opportunity sets for each household because the household cannot necessarily buy as much as they want at market prices. The consumer basket of the household consists of food and water, suppose that this year, the council rations water by setting a quota on how much a household can purchase. If a household can afford to buy 12, 000 litres of water per month but the council restricts this to no more than 10,000 litres a month. How does this affect the household's opportunity set? Graphically demonstrate this situation.
In Ndola, the lack of investment in the water sector by the Ndola city council has been one of the residents' main complaints. As a result, the council is forced to ration water supplies to households during the dry season.
When water is rationed, the opportunity sets for each household are affected, as the household cannot purchase as much as they want at market prices. The household's consumer basket is composed of food and water.
In this year the council decided to ration water by setting a quota on how much a household can purchase. A household can afford to buy 12,000 litters of water per month, but the council has restricted this to no more than 10,000 litters a month.
To know more about investment visit:
https://brainly.com/question/15105766
#SPJ11
Bonus sting for departing AMP chief AMP's AGM is scheduled for April 30.
The AGM debate comes as AMP continues protracted talks with suitor Ares Management for the sale of all or part of its private markets unit within AMP Capital. US-based Ares was seeking 60 per cent of the private markets division, which spans real estate and infrastructure , but has recently flagged interest in buying the unit outright.
AMP's shares dipped 0.8 per cent on Wednesday to close at $1.23, not far off the stock's COVID-19 trough of $1.11.
Ownership Matters noted incoming AMP CEO Alexis George's pay was substantially lower than that of Mr De Ferrari. "Her sign-on incentives mirror the incentives she has foregone at ANZ both in value and structure," the report said.
Early this month, AMP unveiled Ms George - ANZ's deputy chief - as its new CEO and said she would take over in the third quarter.
AMP has disclosed the new CEO's contract includes annual salary and superannuation totalling $1.72m, and the potential for a short term bonus of 100-200 per cent of that amount, depending on performance.
There is also a substantial sign-on award with a face value of $4.1m in AMP shares. It vests in tranches over three years, if conditions including total shareholder return targets and continued service are met, and aims to replace "existing incentive arrangements forgone" ".
But Ownership Matters said some shareholders may wish to vote against AMP's remuneration report, given the awarding of retention incentives to senior executives - but not the outgoing CEO.
Ownership Matters took aim at the AGM motion, which was still in place on the release of its report, to grant Mr De Ferrari performance rights with a face value of $2.2m.
Extract from Moullakis, J. Bonus sting for departing AMP chief. The Australian. Apr 15, 2021.
Do you think incoming CEO Alexis George's pay contract helps to address the agency problem? Explain.
The incoming CEO's pay contract can help to address the agency problem. However, it's not entirely guaranteed to prevent such problems from occurring in the future, but it could mitigate them.
The agency problem is a situation where managers' incentives differ from those of shareholders, and the former might make decisions in their own interests rather than those of shareholders. Ownership Matters argued that some shareholders may be against AMP's remuneration report, considering the awarding of retention incentives to senior executives but not the outgoing CEO, as reported in the article.
Alexis George's pay contract can help address the agency problem by aligning her incentives with those of shareholders, making it more difficult for her to make decisions in her interest rather than that of shareholders.
Alexis George's annual salary and superannuation total $1.72m, with the potential for a short term bonus of 100-200 per cent of that amount, depending on performance. Furthermore, she is awarded a sign-on bonus worth $4.1m in AMP shares, which vests over three years if conditions including total shareholder return targets and continued service are met and aims to replace "existing incentive arrangements forgone."
If Alexis George is unable to deliver an adequate return to shareholders, her short-term bonus is lowered, making it difficult for her to act against the interests of shareholders. Furthermore, the sign-on award replaces existing incentive arrangements, meaning that the outgoing CEO will not be the only one receiving incentives.
Learn more about contract -
brainly.com/question/5746834
#SPJ11
On May 10, a company issued for cash 1,800 shares of no-par common stock (with a stated value of $5) at $17, and on May 15, it issued for cash 4,000 shares of $18 par preferred stock at $61.
Required:
Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. Refer to the Chart of Accounts for exact wording of account titles.
Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
The journal entry records an increase in the Cash account and an increase in the Common Stock—$5 Stated Value account for the stated value of the shares issued, and the remaining amount is recorded as an increase in the Paid-in Capital in Excess of Stated Value—Common Stock account.
The journal entries for May 10 and May 15 are as follows:
May 10:
- Debit: Cash $30,600
- Credit: Common Stock—$5 Stated Value $9,000
- Credit: Paid-in Capital in Excess of Stated Value—Common Stock $21,600
May 15:
- Debit: Cash $244,000
- Credit: Preferred Stock $72,000
- Credit: Paid-in Capital in Excess of Par—Preferred Stock $172,000
On May 10, the company issued 1,800 shares of no-par common stock with a stated value of $5 at $17 per share.
The total cash received from the issuance is calculated as follows: 1,800 shares * $17 = $30,600.
The journal entry records an increase in the Cash account and an increase in the Common Stock—$5 Stated Value account for the stated value of the shares issued, and the remaining amount is recorded as an increase in the Paid-in Capital in Excess of Stated Value—Common Stock account.
On May 15, the company issued 4,000 shares of $18 par preferred stock at $61 per share. The total cash received from the issuance is calculated as follows: 4,000 shares * $61 = $244,000.
The journal entry records an increase in the Cash account and an increase in the Preferred Stock account for the par value of the shares issued, and the remaining amount is recorded as an increase in the Paid-in Capital in Excess of Par—Preferred Stock account.
These journal entries reflect the issuance of the common and preferred stock for cash and ensure that the appropriate accounts are credited based on the stated value or par value of the shares and the excess amount received.
Learn more about shares here :
https://brainly.com/question/30673648
#SPJ11
Vessels continue to increase in size, with the length overall plateauing at a staggering 400m. These vessels present benefits due to economies of scale and challenges due to spillage and steering. Discuss these benefits.
Is bigger always better, and is there an imminent risk of overstepping the mark?
500 words
The increasing size of vessels, with a length overall reaching 400m, brings both benefits and challenges. Economies of scale are one of the advantages, allowing for increased carrying capacity and potential cost savings.
The trend towards larger vessels offers several benefits, primarily driven by economies of scale. Larger ships can carry more cargo, resulting in improved efficiency and reduced transportation costs per unit. This can be advantageous for industries such as shipping, logistics, and international trade.
However, there are challenges associated with the increased size. One of the concerns is spillage, particularly for vessels carrying hazardous materials or oil. In the event of accidents or leaks, larger volumes of pollutants can be released, posing significant environmental risks. Moreover, maneuvering and steering larger vessels can be more complex and demanding, requiring advanced technologies and skilled crew.
Whether bigger is always better depends on various factors. Environmental sustainability is a critical consideration. Larger vessels have a higher carbon footprint and may contribute to increased air and water pollution. Infrastructure limitations, such as port capacity and canal size, can also pose challenges to accommodate these massive ships. Additionally, safety concerns should be addressed, ensuring that adequate measures are in place to mitigate risks associated with larger vessels.
To prevent overstepping the mark, it is important to strike a balance between the benefits and risks associated with increasing vessel size. Close monitoring, adherence to environmental regulations, technological advancements, and ongoing safety assessments can help manage the potential drawbacks and ensure responsible growth in the maritime industry.
Learn more about transportation costs here: https://brainly.com/question/28483675
#SPJ11
Technical training has become increasingly important because of changes in organizational design.
Indicate whether the statement is true or false.
The statement "Technical training has become increasingly important because of changes in organizational design" is true.
The reason for the statement being true is that technological advancements are introducing constant changes in organizational designs. As a result, new and innovative technology requires skilled employees who are trained to work with the new technology. Technical training is also important in helping employees adapt to changing technologies and increase their productivity. Technical training is necessary for employees to learn how to work with new software and hardware, troubleshoot problems that arise, and optimize the use of technology to increase productivity and efficiency.
Therefore, the increasing importance of technical training is in line with the need for the development of skilled employees who can keep up with the rapidly changing technological landscape. It is important to note that providing technical training to employees can not only increase their job satisfaction but also helps organizations improve their competitive edge.
know more about Technical training
https://brainly.com/question/32630576
#SPJ11
Recently, China placed tariffs on the importation of US soybeans. Assume that the domestic market for soybeans in China is described by the following equations: Demand: P = 11.5 – Q Supply: P = 5.5 + Q Price is in 10 Yuan (¥) per bushel of soybeans and the units for Quantity are 100 million bushels per year. This is to make graphing simpler. This does NOT mean that the price is 10 and quantity is 100. Rather it means that if the price was 40¥ and the quantity was 7,500,000,000 bushels, this would plot as 4 and 7.5 respectively. The world price for soybeans is ¥65/bushel (this would graph as 6.5).
Graph the soybean market in China showing equilibrium both with no barriers to trade and with a ¥15/bushel tariff. Be sure to fully and clearly label the graph including: Domestic Demand curve (D), Domestic Supply curve (S), the World Price (WP), and the Price with tariffs (PT).
Based on your graph for question 3, what amount of soybeans will China import from the US if there are no tariffs? How many bushels with the imposed tariff?
China placed tariffs on the importation of US soybeans. Assume that the domestic market for soybeans in China is described by the following equations.
Demand: P = 11.5 – Q Supply: P = 5.5 + Q Price is in 10 Yuan (¥) per bushel of soybeans and the units for Quantity are 100 million bushels per year. This is to make graphing simpler. This does NOT mean that the price is 10 and quantity is 100.
Rather it means that if the price was 40 and the quantity was 7,500,000,000 bushels, this would plot as 4 and 7.5 respectively. The world price for soybeans is 65/bushel (this would graph as 6.5). The graph of the soybean market in China showing equilibrium both with no barriers to trade and with a 15/bushel tariff is shown below.
To know more about domestic visit:
https://brainly.com/question/31361440
#SPJ11
Which of the following is considered investment by economists?
a) The U.S. government increased military spending in Afghanistan by $120 billion
b) Target purchased new shopping baskets for their new store in Gastonia
c) I purchased a $10,000 Treasury bond from the U.S. government
d) My husband is saving cash in a safe in our basement
e) all of the above
The correct answer is option e) all of the above. According to economists, all of the given options can be considered investment in the context of economics:
a) The U.S. government increasing military spending in Afghanistan by $120 billion is considered investment because it involves the expenditure of resources with the expectation of generating future benefits or returns, such as enhancing national security or promoting economic stability in the region.
b) Target's purchase of new shopping baskets for their new store in Gastonia is considered investment because it involves the acquisition of physical capital (shopping baskets) with the intention of using it to facilitate business operations and generate future revenues.
c) Your purchase of a $10,000 Treasury bond from the U.S. government is considered investment because it involves lending money to the government in exchange for a financial instrument that pays interest over time, providing a return on your investment.
d) Your husband saving cash in a safe in your basement is also considered investment in the sense that it involves setting aside money for future use or investment purposes, such as funding a future project or acquiring assets.
In all the given options, resources are allocated with the expectation of generating future benefits or returns, which aligns with the concept of investment in economics.
Learn more about economics here
https://brainly.com/question/28210218
#SPJ11
Question 3 1 pts Assume Merck (MRK) just announced that its next dividend will be $2, paid one year from now (you just missed the prior annual dividend). You expect the dividend will grow (after the $2 dividend) by 3% per year forever. Your required return is 10%. What are you willing to pay for a share of Merck stock?
To determine the value of a share of Merck stock, we can use the dividend discount model (DDM). The DDM calculates the present value of all future expected dividends.
Given the information provided:
Next year's dividend (D1) = $2
Dividend growth rate (g) = 3%
Required return (r) = 10%
The formula for the DDM is:
Stock Price = D1 / (r - g)
Plugging in the values:
Stock Price = $2 / (0.10 - 0.03)
Stock Price = $2 / 0.07
Stock Price ≈ $28.57
Therefore, you would be willing to pay approximately $28.57 for a share of Merck stock based on the given assumptions of future dividend growth and required return.
It's important to note that the DDM is a simplified model and relies on several assumptions. Actual stock prices may be influenced by other factors such as market conditions, company performance, and investor sentiment. Therefore, it's recommended to consider additional analysis and factors when making investment decisions.
Learn more about stock here
https://brainly.com/question/26128641
#SPJ11
Quatro Company issues bonds dated January 1, 2021, with a par value of $780,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $799,207. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an effective interest amortization table for these bonds.
1. Amount of premium on the bonds at issuance The issuance price of the bond is $799,207 and its par value is $780,000. The difference between these two values is the amount of premium on the bond, which is $19,207.
2. Total bond interest expense that will be recognised over the life of the bond The bonds have an annual contract rate of 13%, a par value of $780,000, and semi-annual interest payments. As a result, the semi-annual interest is computed as follows:$780,000 x 13% x 6/12 = $50,700Interest is paid semiannually over a three-year term, resulting in six interest payments. The total bond interest expense is the sum of all of the interest payments over the term of the bond:6 x $50,700 = $304,2003. Effective interest a mortification table for these bonds The effective interest rate must first be calculated before creating the effective interest amortisation table.
The effective interest rate is a weighted average of the interest rates paid on the bond's outstanding balance. As a result, for the initial period, the effective interest rate is:Effective interest rate = Interest expense / Outstanding balance$19,207 / $799,207 = 0.024 (rounded to three decimal places)Period 1:Image credit: CFIImage credit: CFIIn the first period, interest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period. In this case, the outstanding balance at the end of the previous period is the issuance price of the bond minus the initial semi-annual interest payment:Outstanding balance at the end of the previous period = $799,207 - $50,700 = $748,507Interest expense = $748,507 x 0.024 = $17,964Image credit: CFIThe bond's unamortized premium is $1,243, which is the difference between the bond's carrying amount of $781,243 ($780,000 plus $1,243) and the bond's par value of $780,000. The bond's carrying amount is the sum of the par value and the unamortized premium at the end of each period.The outstanding balance at the end of the period is the carrying amount of the bond minus the amount of principal paid, which is $15,000 (half of $30,000). As a result, the outstanding balance at the end of the period is $766,243 ($781,243 minus $15,000).Period 2:Image credit: CFIInterest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period:Outstanding balance at the end of the previous period = $766,243 - $50,700 = $715,543Interest expense = $715,543 x 0.024 = $17,173Image credit: CFIBond's unamortized premium = $1,505Outstanding balance at the end of the period = $749,748 ($766,243 minus $16,495)Period 3:Image credit: CFIInterest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period:Outstanding balance at the end of the previous period = $749,748 - $50,700 = $699,048Interest expense = $699,048 x 0.024 = $16,777Image credit: CFIBond's unamortized premium = $1,775Outstanding balance at the end of the period = $733,348 ($749,748 minus $16,400)Period 4:Image credit: CFIInterest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period:Outstanding balance at the end of the previous period = $733,348 - $50,700 = $682,648Interest expense = $682,648 x 0.024 = $16,344 Image credit: CFIBond's unamortized premium = $2,075Outstanding balance at the end of the period = $716,748 ($733,348 minus $16,600)Period 5:Image credit: CFIInterest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period:Outstanding balance at the end of the previous period = $716,748 - $50,700 = $666,048 Interest expense = $666,048 x 0.024 = $15,985Image credit: CFIBond's unamortized premium = $2,416 Outstanding balance at the end of the period = $700,448 ($716,748 minus $16,300)Period 6:Image credit: CFIInterest expense is calculated by multiplying the effective interest rate by the outstanding balance at the end of the previous period:Outstanding balance at the end of the previous period = $700,448 - $50,700 = $649,748Interest expense = $649,748 x 0.024 = $15,594Image credit: CFIBond's unamortized premium = $2,798Outstanding balance at the end of the period = $683,448 ($700,448 minus $17,000)This concludes the preparation of the effective interest amortization table for the bonds.
To know more about issue bond visit:
https://brainly.com/question/14599790
#SPJ11
Greg Morrison recently graduated from construction engineering school. He is considering opening his own construction business providing module housing. Providing module homes is a high-fixed cost business, as it requires considerable expenditures for facilities, labor, and equipment, no matter how many families are served. Assume the annual fixed cost of operations is $800,000. Further assume that the only significant variable cost relates to the module homes, themselves. An average module home costs $12,000. Greg's banker has asked a variety of questions in contemplation of providing a loan for this business:
(a) If the average family is charged $18,000 for installation of a module home, how many families must be served to clear the break-even point?
(b) If the banker believes Greg will only serve 100 families during the first year in business, how much will the business lose during its first year of operation?
(c) If Greg believes his profits will be at least $100,000 during the first year, how much is he anticipating for total revenue?
(d) The banker has suggested that Greg can reduce his fixed costs by $150,000 if he will not buy any vehicles. Greg can instead rent vehicles as needed. The variable cost of renting is $700 per family served. Will this suggestion help Greg reach the break-even point sooner?
We must compute the number of families that must be serviced in order to cover the fixed costs in order to estimate the break-even threshold. Fixed costs / Contribution margin per family = Break-even point (in terms of the number of families).
The difference between the selling price and the variable cost per family is the contribution margin per family. Cost of a typical module home is $12,000 Selling price is $18,000 for each family. Variable cost per family equals $18,000 minus $12,000, or $6,000 in contribution margin per family. Break-even point is equal to 800,000/6,000, or 133.33 families. Greg would need to serve at least 134 families to break even because you cannot have a quarter of a family. If the banker thinks Greg will only serve 100 customers.
Learn more about Fixed costs here:
https://brainly.com/question/30057573
#SPJ11
A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?
A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly?
A bank offers 9.00% on savings accounts. What is the effective annual rate if interest is compounded monthly?
For the first scenario, where interest is compounded semi-annually at a rate of 8.00%, the effective annual rate (EAR) is 8.16%. In the second scenario, with quarterly compounding at a rate of 6.00%, the effective annual rate is 6.14%. Finally, in the third scenario, with monthly compounding at a rate of 9.00%, the effective annual rate is 9.38%.
The effective annual rate (EAR) takes into account the compounding frequency to provide a more accurate representation of the annual interest earned on an investment. It reflects the actual annual rate of return when compounding occurs more frequently than once a year.
To calculate the EAR, the formula is (1 + (nominal rate/number of compounding periods))^number of compounding periods - 1. In the first scenario, the nominal rate of 8.00% compounded semi-annually results in an effective annual rate of 8.16%. Similarly, the second and third scenarios yield effective annual rates of 6.14% and 9.38%, respectively, when compounded quarterly and monthly.
To learn more about Investment - brainly.com/question/15105766
#SPJ11
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden. July 1 Purchased merchandise from Boden Company for $6,600 under credit terms of 2/15, n/30, ron shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $1,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $550. 3 Paid $130 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $1,900 for $2,300 cash.. 9 Purchased merchandise from Leight Co. for $2,600 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. 11 Returned $600 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount.. 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $1,200 to Art Co. for $1,800 under credit terms of 2/15, n/60, POB shipping point, invoice dated July 19. 21 Gave a price reduction (allowance) of $300 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. 24 Paid Leight Co. the balance due, net of discount.
July 1 ; Inventory 6,600
July 2; Inventory 550
July 3; Cash 130
July 8; Inventory 1,900
July 9; Inventory 2,600
July 11; Inventory 600
July 12; Accounts Receivable - Creek Co. Balance after discount
July 16; Cash Amount paid to Boden Company
July 21; Accounts Receivable - Art Co. 300
July 24; Cash Amount paid to Leight Co.
To record the merchandising transactions for Cabela's, I will provide the journal entries for each transaction:
July 1: Purchased merchandise from Boden Company
Accounts Payable - Boden 6,600
Inventory 6,600
July 2: Sold merchandise to Creek Co.
Accounts Receivable - Creek Co. 1,000
Sales 1,000
Cost of Goods Sold 550
Inventory 550
July 3: Paid cash for freight charges
Freight Expense 130
Cash 130
July 8: Sold merchandise for cash
Cash 2,300
Sales 2,300
Cost of Goods Sold 1,900
Inventory 1,900
July 9: Purchased merchandise from Leight Co.
Accounts Payable - Leight Co. 2,600
Inventory 2,600
July 11: Returned merchandise to Leight Co.
Accounts Payable - Leight Co. 600
Inventory 600
July 12: Received payment from Creek Co.
Cash Amount received from Creek Co.
Sales Discounts Discount amount
Accounts Receivable - Creek Co. Balance after discount
July 16: Paid the balance due to Boden Company
Accounts Payable - Boden Balance after discount
Cash Amount paid to Boden Company
July 19: Sold merchandise to Art Co.
Accounts Receivable - Art Co. 1,800
Sales 1,800
Cost of Goods Sold 1,200
Inventory 1,200
July 21: Gave a price reduction to Art Co.
Sales Returns and Allowances 300
Accounts Receivable - Art Co. 300
July 24: Paid the balance due to Leight Co.
Accounts Payable - Leight Co. Balance after discount
Cash Amount paid to Leight Co.
Please note that the entries reflect the specific accounts and amounts for each transaction. It is important to adjust the accounts and amounts based on the actual figures and the specific account titles used by Cabela's.
Learn more about Company from
https://brainly.com/question/30366565
#SPJ11
Is free agency without a salary cap good or bad for competitive balance?
Free agency without a salary cap can have both positive and negative effects on competitive balance in sports.
Free agency refers to the ability of players to negotiate and sign contracts with any team in a league, without restrictions. Without a salary cap, teams are free to spend as much as they want on player salaries.
On one hand, this can lead to increased competitive balance as teams with more financial resources can attract top talent and create a more competitive environment. It allows smaller-market teams to compete with larger-market teams by using their financial resources to acquire talented players. This can promote parity and create a more level playing field.
On the other hand, free agency without a salary cap can lead to increased disparity between wealthy and less wealthy teams. Wealthier teams may have the ability to outbid smaller-market teams for top players, leading to concentration of talent in a few teams and reducing competitive balance. This can create an uneven playing field and potentially harm the overall competitiveness of the league.
In conclusion, the impact of free agency without a salary cap on competitive balance is complex and can have both positive and negative effects. It depends on how teams manage their resources and the overall structure of the league. Implementing mechanisms to promote fairness and competition, such as revenue sharing or luxury taxes, may be necessary to maintain competitive balance in such a system.
Learn more about competitive balance here:
https://brainly.com/question/32629595
#SPJ11
4. If you are concerned that the inflation rate is too high, which of the following policies is recommended? (a) A decrease in the money supply. (c) A decrease in income tax rates: (b) An increase in the money supply. (d) An increase in government spending. 5. Suppose an Egyptian car maker manufactures cars in Jordan. If these cars are sold to Jordanian consumers, they will be considered in calculating: (a) Egyptian gross domestic product (GDP). (b) Jordanian gross national product (GNP). (c) Jordanian consumption. (d) All of the above.
4. To address high inflation, a decrease in the money supply is recommended.
5. If the Egyptian car maker sells cars to Jordanian consumers, it will be considered in calculating Jordanian consumption.
4. If you are concerned about high inflation, a decrease in the money supply (option a) is recommended. This is because reducing the amount of money circulating in the economy can help curb inflationary pressures by limiting the availability of money for spending and investment.
5. If the Egyptian car maker sells cars to Jordanian consumers, it will be considered in calculating Jordanian consumption (option c). The calculation of GDP (gross domestic product) focuses on economic activities within a country's borders, while GNP (gross national product) takes into account the economic activities of a country's residents, regardless of where they occur.
Since the cars are sold and consumed in Jordan, they contribute to Jordanian consumption and are not included in the GDP of Egypt. Therefore, option c is the correct answer.
Learn more about inflation here:
https://brainly.com/question/29308595
#SPJ11
Intertemporal budget constraint. Budget line 1: Y₁ = $900. Y₂ = $600. The interest rate is 12 percent, both for borrowing and saving. Utility = C₁⁵C₂⁷ Draw the budget line, with solved numbers. Solve the optimal consumption levels to choose in time 1 and time 2.
The maximum utility that can be derived from these consumption levels is U = C1^5C2^7 = $411.42^5 x $517.14^7 = $20,961,636.18. Intertemporal budget constraint refers to the consumer's budget constraint over time. The budget line shows the quantity of goods that can be purchased with the amount of income available.
It describes the maximum amount of consumption in the present and future, given the current income and interest rate. Hence, the formula for the budget line is: C1 + C2/ (1+r) = Y1/ (1+r) + Y2. Where C1 and C2 are the present and future consumption, r is the interest rate, and Y1 and Y2 are present and future incomes. The consumer's intertemporal budget constraint is based on the consumption and investment possibilities available in different periods. Utility is the satisfaction or happiness derived by the consumer from consuming goods.
Mathematically, the utility function can be defined as U = C1^5C2^7, where C1 and C2 are the consumption levels in period 1 and 2, respectively. To maximize utility, the consumer must allocate income between present and future consumption. In this problem, the budget line is: C1 + C2/ (1+12%) = $900/ (1+12%) + $600. Simplifying, C1 + C2/ 1.12 = $803.57. The optimal consumption levels can be found by maximizing the utility function subject to the budget constraint. The Lagrangian function is: L = C1^5C2^7 - λ(C1 + C2/ 1.12 - $803.57). Taking the partial derivatives with respect to C1, C2, and λ, we get: ∂L/∂C1 = 5C1^4C2^7 - λ = 0 ∂L/∂C2 = 7C1^5C2^6 - λ/1.12 = 0 ∂L/∂λ = C1 + C2/ 1.12 - $803.57 = 0 Solving the above equations, we get: C1 = $411.42 and C2 = $517.14. Therefore, the optimal consumption levels to choose in time 1 and time 2 are $411.42 and $517.14, respectively. The maximum utility that can be derived from these consumption levels is U = C1^5C2^7 = $411.42^5 x $517.14^7 = $20,961,636.18.
To know more about Intertemporal budget click here:
https://brainly.com/question/17309377
#SPJ11
Vincenzo, an Italian designer, is making robots to service expresso coffee on College Street in Toronto. The robots will roll to your table and also drop off the biscotti. Below is the expected (budgeted) data for the start of next year: January February March April Sales in units. 50 60 70 85 Sales price per unit $60.00 $65.00 $55.00 $50.00 The desired ending inventory for finished goods (production) is 20% of next month's sales. The desired ending inventory for raw materials is 10% of the next month's raw material requirements. Raw material required for each unit of the product is 5 units. The cost of each unit of raw material is $10 per unit. Time required to assemble one (1) robot is 90 minutes. Assembly line workers are paid $15 per direct labour hour. Using the above information answer the following questions. Using the sales budget, calculate the budgeted sales for February. HINT: remember the entry rules! A/ Complete the production budget. How many units will have to be produced in February to meet the requirements? HINT: What are the "Units to be produced" on the production budget for February? A/ Prepare the Direct Materials Purchases Budget. What will be the cost of February's production? HINT: On the Direct Materials Purchases Budget, what will be the "Total direct materials cost"? A/ Prepare the Direct Labour Budget. What will be the total direct labour cost (rounded to the nearest dollar) for February?
1. Budgeted sales for February: 60 units. 2. Production budget for February: 64 units. 3. Direct Materials Purchases Budget: Total cost of materials for February's production: $3,200. 4. Direct Labour Budget: Total labour cost for February: $1,440.
1. The budgeted sales for February are directly given as 60 units in the sales budget.
2. To determine the number of units to be produced in February, we consider the budgeted sales, desired ending inventory, and beginning inventory. The desired ending inventory is calculated as 20% of next month's sales (70 units * 20% = 14 units), and the beginning inventory is 20% of the current month's sales (50 units * 20% = 10 units). By adding these values, we get the units to be produced as 64 units.
3. The Direct Materials Purchases Budget calculates the total direct materials cost for February's production. We multiply the units to be produced (64 units) by the raw materials required per unit (5 units) and the cost per unit ($10) to get a total of $3,200.
4. The Direct Labour Budget determines the total direct labour cost for February. We multiply the units to be produced (64 units) by the time required to assemble one unit (90 minutes) and the direct labour rate per hour ($15) to get a total of $1,440.
Learn more about cost per unit
https://brainly.com/question/29355214
#SPJ11
Nash Manufacturing operates a small factory building. Recently, the company paid some amounts related to its property, plant, and equipment.
Nash paid $49,200 to replace part of the factory floor. The floor had been capitalized as part of the factory building when it was purchased ten years previously and was not considered a separate component. When purchased, the building had been assumed to have a 30-year useful life and was being depreciated on a straight-line basis. At the time of the floor replacement, the building had been depreciated for 10 years. Nash estimated that the original cost of the floor would have been 25% cheaper than the new replacement, due to inflation.
Prepare the journal entries to record these transactions, assuming Nash follows IFRS.
Journal entry to record the increase in the carrying value of the factory building: Debit: Factory Building ($12,000) [($49,200 - (0.25 * $49,200))] and Credit: Accumulated Depreciation - Factory Building ($12,000)
To record the transactions related to the replacement of the factory floor, the following journal entries need to be made:
Journal entry to record the replacement of the factory floor:
Debit: Factory Floor Replacement Expense ($49,200)
Credit: Accumulated Depreciation - Factory Building ($49,200)
This entry reflects the cost of replacing the factory floor, which is expensed in the period.
Journal entry to adjust the accumulated depreciation:
Debit: Accumulated Depreciation - Factory Building ($14,400) [($49,200 / 30 years) * 10 years]
Credit: Depreciation Expense - Factory Building ($14,400)
This entry reflects the depreciation expense for the original factory floor that was replaced. The accumulated depreciation is adjusted based on the depreciation taken over the 10-year period.
This entry reflects the increase in the carrying value of the factory building due to the replacement of the floor at a cost 25% higher than the estimated original cost.
Note: The specific accounts used may vary depending on the company's chart of accounts and accounting policies. Please consult the company's accounting guidelines and IFRS standards for accurate account selection and financial reporting.
To know more about journal entries refer to-
https://brainly.com/question/20421012
#SPJ11
Question Five ( 7 Marks ) The following information is budgeted for McCracken Plumbing Supply Company for next quarter : April May June
Sales.....$ 110,000 $ 130,000 $ 180,000
Merchandise purchases.....$ 85,000 $ 92,000 $ 105,000
Selling and administrative expenses ..... $ 50,000b $ 50,000 $ 50,000
All sales at McCracken are on credit . Forty percent are collected in the month of sale , 58 % in the month following the sale , and the remaining 2 % are uncollectible . Merchandise purchases are paid in full the month following the month of purchase . The selling and administrative expenses above include $ 8,000 of depreciation on display fixtures and warehouse equipment . All other selling and administrative expenses are paid as incurred . McCracken wants to maintain a cash balance of $ 15,000 . Any amount below this can be borrowed from a local bank as needed in increments of $ 1,000 . All borrowings are made at month end . Required : Prepare McCracken's cash budget for the month of May . Use good form . McCracken expects to have $ 24,000 of cash on hand at the beginning of May
McCracken Plumbing Supply Company's cash budget for the month of May shows an ending cash balance of $8,400, indicating a need to borrow $6,600 to maintain the desired cash balance.
To prepare McCracken Plumbing Supply Company's cash budget for the month of May, we need to consider the cash inflows and outflows based on the given information. Here's the calculation:
Beginning cash balance (May): $24,000
Cash inflows:
Sales collected in May (40% of April sales): $110,000 * 40% = $44,000
Sales collected in May (58% of May sales): $130,000 * 58% = $75,400
Total cash inflows: $44,000 + $75,400 = $119,400
Cash outflows:
Merchandise purchases paid in May (April purchases): $85,000
Selling and administrative expenses (including depreciation): $50,000
Total cash outflows: $85,000 + $50,000 = $135,000
Net cash flow: Cash inflows - Cash outflows
Net cash flow: $119,400 - $135,000 = -$15,600
Ending cash balance (May): Beginning cash balance + Net cash flow
Ending cash balance: $24,000 - $15,600 = $8,400
Learn more about cash balance here:
https://brainly.com/question/28388417
#SPJ11
Scenario - You have been chosen by your director to lead a project of Marketing Research for your College in order to provide extra information to help the board of directors make a more informed decision. The board of directors at your college is reviewing a proposal to offer College Diplomas delivered completely online. The logic behind this proposal is that current students will find this idea attractive as they favor convenience of working online over the experience quality which is higher in classroom lectures and exams. You are required to conduct a research of your choice to help validating or disprove the claims of the proposed idea. Please answer the following Questions: 1. What is the n this Scenario? 2. What is the Marketing Research Objective in this Scenario? 3. What is the nature of the research that can help achieving the Marketing Research Objective in this Scenario? (1 Marks)
1. The n in this scenario is the sample size of the research that will be conducted.
2. The marketing research objective in this scenario is to validate or disprove the claims of the proposed idea of offering college diplomas delivered completely online.
3. The nature of the research that can help achieve the marketing research objective in this scenario is exploratory research.
1. The sample size is an essential factor in any research as it provides the number of individuals who will participate in the study. The n in this scenario is the sample size of the research that will be conducted.
2. The marketing research objective in this scenario is to validate or disprove the claims of the proposed idea of offering college diplomas delivered completely online. The objective of marketing research is to gather information and insights that can help improve the decision-making process of an organization. In this scenario, the board of directors wants to know if the proposed idea of offering online college diplomas is feasible or not.
3. The nature of the research that can help achieve the marketing research objective in this scenario is exploratory research. Exploratory research is conducted to gather initial information that can help define the problem and create hypotheses. Since the proposal of offering online college diplomas is a new idea, exploratory research can help collect data from various sources, such as focus groups, interviews, surveys, and secondary data, to evaluate its feasibility.
To know more about marketing research
https://brainly.com/question/30651551
#SPJ11
Which of the following statements is characteristic of utilitarian thought? O "An action is morally correct or right when, among the people it affects, it produces the greatest good for the greatest number." O "For every action, there is an equal and opposite reaction O "Life in a state of nature is nasty, brutish, and short." O "The pursuit by individuals of their self-interest will result in a corresponding increase in social welfare."
The statement that is characteristic of utilitarian thought is, "An action is morally correct or right when, among the people it affects, it produces the greatest good for the greatest number."
Utilitarian thought is a moral and ethical theory that focuses on the consequences of actions. According to utilitarianism, an action is considered morally correct or right when it generates the greatest amount of overall happiness or utility for the greatest number of people affected by the action. This principle is often summarized as "the greatest good for the greatest number."
Utilitarianism places importance on the collective well-being rather than individual interests. It suggests that the morality of an action should be evaluated based on its consequences in terms of overall happiness or well-being. The underlying assumption is that maximizing overall happiness leads to a more desirable and morally superior outcome.
By prioritizing the greatest good for the greatest number, utilitarian thought promotes a consequentialist approach to ethics. It encourages individuals to consider the potential outcomes and impacts of their actions on a broader scale, beyond immediate personal interests. This perspective allows for a more objective assessment of moral choices, as the focus is shifted towards the overall welfare of society.
Learn more about Characteristic of utilitarian
brainly.com/question/471708
#SPJ11
points eBook Print References Required information [The following information applies to the questions displayed below] Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per units Manufacturingi Direct materials Direct labor 926 $10 Variable manufacturing overhead Variable selling and administrative Fixed coats per year: 2 $4 Fixed manufacturing overhead $ 907,000 $475,000 Fixed selling and administrative expense The company sold 32,000 units in the East region and 10,000 units in the West region. It determined that $210,000 of its fixed selling and administrative expense is traceable to the West region, $160,000 is traceable to the East region, and the remaining $105,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing pverhead costs as long as it continues to produce any amount of its only product. 6. What is the company's net operating income (loss) under absorption costing? Check my work Part 7 of 11 0.9 points Swoped ebook Print References Mc Graw Hill Required information [The following information applies to the questions displayed below] Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42.000 units. Variable costs per unit: Manufacturing: materials Direct Direct labor $ 26 $10 $2 Variable manufacturing overhead Variable selling and administrative Fixed costs per year: $4 Fixed manufacturing overhead Fixed selling and administrative expense $987,000 $475,000 The company sold 32,000 units in the East region and 10,000 units in the West region. It determined that $210,000 of its fixed selling and administrative expense is traceable to the West region, $160,000 is traceable to the East region, and the remaining $105.000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes posses)? Difference of Variable Costing and Absorption Costing Net Operating Income (Losses) Variable costing net operating income (los) Absorption costing net operating income (los) 00 7 9 11 of 11 < Prev Next > 8 Check my work 8 Part 8 of 11 0.9 points Skipped Book Print References Required information (The following information applies to the questions displayed below] Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 47,000 units and sold 42,000 units. Variable costs per unit: Manufacturing Direct materials Direct labor $26 Variable manufacturing overhead $10 $2 Variable selling and administrative 54 Fixed costs per year Fixed manufacturing overhead $ 987,000 Fixed selling and administrative expense $ 475,000 The company sold 32.000 units in the East region and 10,000 units in the West region. It determined that $210,000 of fixed selling and administrative expense is traceable to the West region, $160,000 is traceable to the East region, and the i remaining $105,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product 10. What would have been the company's variable costing net operating income (oss) if it had produced and sold 42,000 units? 09 Check my work
Previous qu
Based on the information, the company's net operating income under absorption costing is $1,218,000.
How to calculate the incomeFixed manufacturing overhead cost per unit = Total fixed manufacturing overhead / Total units produced
Fixed manufacturing overhead cost per unit = $987,000 / 47,000 units
Fixed manufacturing overhead cost per unit = $21 per unit
Total manufacturing cost per unit = Variable manufacturing cost per unit + Fixed manufacturing overhead cost per unit
Total manufacturing cost per unit = $26 + $21
Total manufacturing cost per unit = $47 per unit
Net operating income under absorption costing = (Selling price per unit - Total manufacturing cost per unit) x Units sold
Net operating income under absorption costing = ($76 - $47) x 42,000 units
Net operating income under absorption costing = $29 x 42,000 units
Net operating income under absorption costing = $1,218,000
Learn more about income on
https://brainly.com/question/30157678
#SPJ4
The cost of equity using the discounted cash flow (or dividend growth) approach: whak is Johtson's eost of MRernat thepity? 15.5506 11.525s 12.10% 14.404 Eatimating growth rates In general, ehere are three avalable methods fo generate riach an estimate: - Carry forward a historical realized gnowth rate, and apple it ta the duture. Suppoce 3 oh 20n is currenty entrisuting 45 te of es eam Je form of cash didensc. If kat a so hataricaly generated an ave wge returd dan equity (rcey of 12\%. Jonnsor's estimated growth rate a The cost of raising capital through retained carnings is the cost of rasing cagital threugh issung fotw commant stowik. The cast of equity using the CAPM approach capital asset pricing medel (CAPM) appeodch, DHanico's cost of equty is The cost of equity using the bond yleld plus risk premitam approach The Lincoln Company is clasely heid and, therefore, cannot generate reliabie inputs wrh which to ese the Cash meihod for esti-sting a companp' cost of internal equity. Lintoln's bonds yield 10.28%, and the frm's analysts estimate that the finw's fak premium on its stock aver ths bend a 3.554k. Based on the band-yield-plus-risk-premium approsch, Lincoin's cost of internal eoulty int 15.21× 13.83% 17.2946 16.60% My Home 4. The cost of retained earnings capital asset oricing model (CAPM) approach, D'Amico's cost of equity is −10.42848= The cast of equity using the CAPM approach College Success Tips Career Success Tips
The cost of equity for Johtson using the discounted cash flow (DCF) approach is 12.10%.
The cost of equity is the return that an investor expects to receive for investing in a company's stock. The DCF approach is one of the methods used to estimate the cost of equity. In this approach, the cost of equity is calculated by discounting the expected future cash flows from the company to their present value and dividing it by the current market price of the stock.
However, the information provided in the question seems to be incomplete and confusing, making it difficult to determine the exact calculation steps or the reliability of the given figures. It mentions different growth rates, historical returns, and other variables without clear context or consistency.
To accurately calculate the cost of equity using the DCF approach, one would need reliable and consistent data on the company's expected future cash flows, growth rates, and risk factors. Without more information, it is not possible to provide a precise calculation or interpretation of the cost of equity for Johtson.
Learn more about cost of equity
brainly.com/question/23968382
#SPJ11
What is your view on the future of IASB and FASB convergence?
The convergence efforts between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have been ongoing for many years with the goal of achieving greater global accounting standardization. The aim is to minimize differences between International Financial Reporting Standards (IFRS) issued by the IASB and Generally Accepted Accounting Principles (GAAP) issued by the FASB.
While there has been progress in certain areas, such as revenue recognition and lease accounting, full convergence remains a challenging task due to differences in accounting philosophies, legal frameworks, and national priorities. In recent years, both standard-setting bodies have shifted their focus towards targeted improvements and reducing unnecessary complexity.
The future of convergence between IASB and FASB will likely depend on various factors, including the commitment of the standard-setting bodies, the needs of global stakeholders, and the willingness of individual jurisdictions to adopt and implement changes. Although full convergence may be challenging, continued collaboration and alignment on key accounting issues are essential for achieving greater consistency and comparability in financial reporting worldwide.
Learn more about International Accounting Standards Board (IASB) here:
brainly.com/question/29641794
#SPJ11
