A career is another name for a job
When he became the president of Jem Incorporated, John Smith changed the date of the weekly payday from the end of the day on Monday to the end of the day on Friday. The company has a weekly payroll of $10 million, and the cost of short-term funds was 13%. If this change delayed check clearing by 1 week, what annual savings were realized
Answer: $1.3 million
Explanation:
Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:
= Weekly payroll × Cost of short term funds
= $10 million × 13%
= $10 million × 0.13
= $1.3 million
Annual savings realized is $1.3 million.
In the long run, an increase in the saving rate a. doesn’t change the level of productivity or income. b. raises the levels of both productivity and income. c. raises the level of productivity but not the level of income. d. raises the level of income but not the level of productivity.
Answer:
b. raises the levels of both productivity and income.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
A saving rate can be defined as a measure of the amount of money that an individual, business firm or country deducts from its total disposable income to save over a period of time. It is typically expressed as a percentage or ratio.
Basically, savings are very important for long-term plans and investments.
In the long run, an increase in the saving rate raises both the levels of productivity and income generated by a business firm or a country.
For example, a country that increases its saving rate would also experience an increase in the level of its income, Real gross domestic product (GDP) per person, and productivity in the long-run.
This ultimately implies that, a country with a low saving rate would have a lower productivity and lower Real gross domestic product (GDP) per person, all things being equal (ceteris paribus).
A manager has determined that a potential new product can be sold at a price of $25 each. The cost to produce the product is $17.5, but the equipment necessary for production must be leased for $75,000 per year. What is the break-even point
Answer:
10,000 units
Explanation:
Calculation to determine the break-even point
Using this formula
Break-even point = Fixed cost / [Selling Price - Cost Price]
Let plug in the formula
Break-even point = $75,000 / [$25 - $17.5]
Break-even point = $75,000 / [$7.5]
Break-even point = 10,000 units
Therefore the break-even point is 10,000 units
Felix is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Felix has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b. People face trade-offs
c. People usually exploit opportunities to make themselves better off.
d. Juanita has an incentive to spend more time on swimming than on biking or running.
Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals. What business strategy is Trader Joe's using to gain its competitive advantage
Answer:
Differentiation focus strategy
Explanation:
Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.
They are able to sell more product and make more profit than their competitors.
Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.
They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.
Focus is given to making products that specifically meet these needs.
The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.
They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.
Jaymes Corporation produces high-performance rotors. It expects to produce 69,000 rotors in the coming year. It has invested $8,970,000 to produce rotors. The company has a required return on investment of 20%. What is its ROI per unit
Answer:
$26
Explanation:
The computation of the ROI per unit is shown below
Required ROI on the total Investment
= Total Investment × Required Rate on Investment
= $8,970,000 × 20%
= $1,794,000
So, ROI Per Unit is
= Required Return on investmnt ÷ Total Rotors
= $1,794,000 ÷ 69,000
= $26
You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan
Answer:
5.784%
Explanation:
PV = $91000
PMT = -$1750
N = 60
FV = $0
Using the financial calculator to solve for I/Y
Interest yield = CPT I/Y(91000, -1750, 60, 0)
Interest yield = 0.00482
Interest yield = 0.482%
Highest rate APR = 0.482%*12
Highest rate APR = 5.784%
So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.
Morphe Cosmetics agrees to manufacture makeup palettes for Jaclyn Cosmetics. Under the terms of the contract, Jaclyn will pay Morphe a total of $60,000, and Jaclyn can cancel the contract if it so chooses but must pay Morphe for work completed. Morphe believes that, if Jaclyn cancelled the contract, Morphe could sell the palettes to another firm and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2021, the job is 80% complete. How much revenue should Morphe recognize in 2021 for this contract
Answer:
the revenue that should be recognized is $48,000
Explanation:
The computation of the revenue that should be recognized is shown below;
= Total price of the contract × Percentage of completion of the contract
= $60,000 × 80%
= $48,000
By multiplying the total contract price with the percentage we can get the revenue recognized
hence, the revenue that should be recognized is $48,000
If someone is engaged in a highly dangerous activity (sky diving or scuba diving), then normally assumption of risk waivers must be signed. Are those waivers always effective, or can you imagine a situation where liability could still be imposed
Answer:
The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed
Explanation:
liability could be imposed by the person engaged in the dangerous activity if the handler of the activity exhibits some form of negligence or discriminatory behaviors or if the material used is substandard.
The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed
Crane Company has old inventory on hand that cost $7500. Its scrap value is $10000. The inventory could be sold for $25000 if manufactured further at an additional cost of $7500. What should Crane do
Answer:
If the company reworks the units, income will increase by $7,500
Explanation:
Giving the following information:
The initial cost should not be taken into account.
Sell as-is:
Selling price= $10,000
Rework:
Additional cost= $7,500
Selling price= $25,000
We need to determine which option is most profitable.
Sell as-is:
Effect on income= $10,000
Rework:
Effect on income= 25,000 - 7,500= $17,500
If the company reworks the units, income will increase by $7,500
Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond's face value is $1,000 and matures in 9 years. (Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)
Answer:
$48.40
Explanation:
Yield = 6%
Rate = Yield/2 = 6%/2 = 3%
YTM = 9
Nper = YTM*2 = 9*2 = 18
Face value = $1,000
Price(PV) = $920
Monthly payment = PMT(0.03, 18, -920, 1000)
Monthly payment = $24.1833
Coupon rate = (PMT/Face value) * 2
Coupon rate = (24.1833/1000) * 2
Coupon rate = 0.0241833 * 2
Coupon rate = 0.0483666
Coupon rate = 4.84%
Annual coupon payment = Face value * Coupon rate
Annual coupon payment = $1000 * 4.84%
Annual coupon payment = $48.40
[tex]144x \div 25 - 3 + 56 \sqrt{223} [/tex]
Answer:
[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]
Explanation:
Given
[tex]144x \div 25 - 3 + 56\sqrt{223}[/tex]
Required
Simplify
The question is either incomplete or it is the solution to an existing question.
The question cannot be further simplified. However, a better way of writing the expression is:
[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]
or
[tex]\frac{144x - 75}{25} + 56\sqrt{223}[/tex] ---- by taking the LCM
or
[tex]\frac{144x - 75 + 1400\sqrt{223}}{25}[/tex] ---- by taking the LCM
Other than rewriting the expression, nothing else can be done
According to the video, the Chinese economic model since the 1980s is commonly referred to as _________ with Chinese characteristics.
Answer: hello the video related to your question hence I will provide a general answer based on the scope of the question.
answer :
Socialism
Explanation:
The Chinese economic model since the early 1980s is commonly referred to as Socialism with Chinese characteristics
Socialism with Chinese Characteristics is a set of political theories been adapted by the Chinese to fit in into the Chinese circumstance and around this period ( early 1980s ) i.e. Boluan Fanzheng period
An automobile manufacturing firm decides to meet all its suppliers while planning to manufacture a new automobile that is a minor variant of an existing model in terms of design and performance. The firm wants to provide its loyal customers with automobiles at a low price without compromising on performance. According to authors Crawford and DiBenedetto, this new product falls into the category of ________.
Question Completion With Options:
O price redemptions
O repositionings
O price exemptions
O cost reductions
Answer:
According to authors Crawford and DiBenedetto, this new product falls into the category of ________.
O cost reductions
Explanation:
According to the declared intention of the automobile manufacturing firm, it is working at providing its loyal customers with low-priced automobiles that still maintain competitive performance. Therefore, the new product falls into the category of cost reductions, which is a strategic move to ensure that costs do not drive away customers while the company rakes in huge revenue with increased sales volume.
Cashan Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 1.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,500 units September 24,700 units October 24,600 units November 26,400 units December 24,500 units
The company wants to maintain monthly ending inventories of Jurislon equal to 30% of the following month's production needs. On July 31, this requirement was not met since only 10,400 kilograms of Jurislon were on hand. The cost of Jurislon is $4.00 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
The desired ending inventory of Jurislon for September is:_______.
a. $29,640
b. $29,520
c. $44,460
d. $44,280
Answer:
Option d ($44,280) is the correct option.
Explanation:
Given:
Maintain monthly inventory,
= 30%
October production,
= 24,600 units
Rate per kg,
= $4
For September month,
The desired ending units will be:
= [tex]Maintain \ monthly \ inventory\times Production \ in \ October[/tex]
= [tex]30 \ percent\times 24600[/tex]
= [tex]7380 \ units[/tex]
The required quantity will be:
= [tex]1.5 \ kg\times Desired \ ending \ units[/tex]
= [tex]1.5 \ kg\times 7380[/tex]
= [tex]11070 \ units[/tex]
hence,
The total price will be:
= [tex]Rate \ per \ kg\times Required \ quantity[/tex]
= [tex]4\times 11070[/tex]
= [tex]44280[/tex] ($)
Williams Company pays each of its two office employees each Friday at the rate of $290 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
Answer:
Debit Salaries Expense $1,160 and credit Salaries Payable $1,160
Explanation:
Preparation of the month-end adjusting entry to record the salaries earned but unpaid
Based on the above information given the month-end adjusting journal entry to record the salaries earned but unpaid is:
Debit Salaries Expense $1,160
Credit Salaries Payable $1,160
( 2days * 2 workers *$290 per day = $1,160)
(To record the salaries earned but unpaid)
Compared to physical goods, digital goods have Group of answer choices similar inventory costs. very low costsof delivery. high marginal costs per unit. equivalent marketing costs.
Answer:
Digital Goods
Compared to physical goods, digital goods have
very low costs of delivery.
Explanation:
Digital goods are non-physical goods that are stored, delivered, and used in their electronic formats. They are usually delivered via Email and Internet download. Because of their nature, digital goods do not involve huge costs in physical manufacturing, storage, packing, shipping, and handling costs, unlike physical goods.
In addition to the $14,000 in expenses, in Nov. 2020, Julie’s Tax Prep paid two years’ worth of office rent ($1,000/month * 24 months = $24,000). The rent covers Nov. 1, 2020 through Oct. 31, 2022. How much of the $24,000 rent can Julie’s deduct in 2020?
Answer:
Julie’s can deduct $2,000 in 2020
Explanation:
In 2020 rents for only two months November 2020 and December 2020 are accrued
First calculate the monthly rent
Monthly rent = Rent paid / Month for which rent paid = $24,000 / 24 months = $1,000 per months
Now calculate the rent deduction to be made by Julie in 2020
Rent deduction 2020 = Numbers of months accrued in 2020 x Monthly rent = 2 months x $1,000 per month = $2,000
How do different careers in the human services relate to one another
Ad space can be purchased by companies to place advertisements in the form of pop-ups and banners on another company’s websites. Please select the best answer from the choices provided T F
Answer:
true
hope this helps!
please give brainiest <3
Given that the price a stock is bought for is $110 . Based on the one-period valuation model of stock prices, if the stock is sold a year later at the price $120 after receiving a dividend of $2 , then the required rate of return on equity investments is nothing %. (Round your response to the nearest one decimal place.)
Answer:
10.9%
Explanation:
An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity of 8.7%. Bond C pays a 11.5% annual coupon, while Bond Z is a zero coupon bond. Assuming that the yield to maturity of each bond remains at 8.7% over the next 4 years, calculate the price of the bonds at each of the following years to maturity. Round your answer to the nearest cent.
Answer:
Bond C
Time to maturity Price of the bond
0 $1,091.31
1 $1,071.26
2 $1,049.46
3 $1,025.76
4 $1,000.00
Bond Z
Time to maturity Price of the bond
0 $716.28
1 $778.59
2 $846.33
3 $919.96
4 $1,000.00
Explanation:
Bond C
Use the PV function to calcuclate the price of the bond
=PV(rate, nper, pmt, [fv] )
Where
rate = yield to maturity = 8.7%
pmt = Coupon payment = Face value x Coupon rate = $1,000 x 11.50% = $115
fv = maturity value = $1,000
Working and the formula sheet is attached with this answer, please refer to the attachment.
An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis. The investment banker pays $10.50 per share to TWResearch, Inc. for the 10 million shares of stock. It then sells those shares to the public for $11.20 per share.
If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment banker?
a) Profit of $1,000,000.
b) Loss of $7,500,000.
c) Profit of $7,000,000.
d) Loss of $7,000,000.\
e) Loss of $1,000,000.
Answer: b) Loss of $7,500,000.
Explanation:
The total the investment bank paid when underwriting was:
= 10.50 * 10,000,000 shares
= $105,000,000
The total they then sell to the public is:
= 9.75 * 10,000,000
= $97,500,000
The profit is:
= Selling revenue from public - Buying cost from company
= 97,500,000 - 105,000,000
= -$7,500,000
You company requires that all projects yield a return of 12%. You’re the head of a project team developing a new product. The initial investment needed is $500,000 and the expected cashflows from this project will be 70,000 for the next 10 years. Will your project be approved, (generates a return higher than 12%). What cashflow would be required to get your project approved?
Answer:
initial investment = $500,000
10 cash flows of $70,000
Present value of cash flows = 5.65022 * $70,000 = $395,515.40
NPV = -$500,000 + $395,515.40 = -$104,484.60
The project should be rejected.
In order to approve the project, the cash flows should = $500,000 / 5.65022 = $88,492.13. With these cash flows the NPV = $0.
Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, r RF, is 5.0%, the market risk premium, RP M, is 6.0%, and the firm's tax rate is 40%. Currently, the cost of equity, r s, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt
Answer:
15.29%
Explanation:
Calculation to determine What would be the estimated cost of equity if the firm used 60% debt
First step is to calculate the Original beta using this formula
Original beta = (rs-rRf)/ RPM
Let plug in the formula
Original beta= (11.5%- 5%)/6%
Original beta= 6.5%/ 6%
Original beta= 1.083
Second step is to calculate the Original D/E using this formula
Original D/E = D/A / (1-D/A)
Let plug in the formula
Original D/E= .25/ (1-.25%)
Original D/E= .333
Third step is to calculate the Unlevered Beta using this formula
Unlevered Beta = Bu = Bl / 1+((1- Tax rate) x (D/E)
Let plug in the formula
Unlevered Beta= 1.083/1+((1-.4) x .333
Unlevered Beta=.90
Fourth step is to calculate the Target using this formula
Target =D/e
Let plug in the formula
Target = .6/.4
Target= 1.5
Fifth step is to calculate the New Beta using this formula
New Beta = bu* (1+(D/E)(1- tax rate)
Let plug in the formula
New Beta = .90 *(1+(1.5)*(.6)
New Beta = 1.71
Now let calculate the estimated cost of equity using this formula
rs = rRF + new beta (RPm)
Let plug in the formula
rs= 5% + 1.71*6
rs= 15.29%
Therefore What would be the estimated cost of equity if the firm used 60% debt is 15.29%
Hi guys, I need your help to give your opinions about this one.
Example:
The experts on your island warn of a possible tsunami, but opinions are divided.
a. A quarter of the experts (group A) assume that a tsunami will certainly come.
b. Three quarters of the experts (group B) assume that the tsunami will come with a 10 percent probability.
Which professionals (group A or group B) would you like to believe more and why? Give reasons for your answer. And what are the consequences of this decision for your actions? And how do you deal with the risks of a wrong decision?
I would believe group A more
because, as we know "Precaution is always better an cure"
If I stay more cautious about it, there are less chances of the tsunami to cause a severe harm. If I don't stay much cautious, according to group B, and in case if their prediction goes wrong, I'll be in serious danger.
I chose group A because
even if the tsunami ain't powerful enough, I would be glad I was careful enough for it and it'll help me in future if I face another situation like this again
The consequences if I chose group B would be :
well, if I would have chose B, I won't have taken any Precautions at all
I won't have been careful enough
and in case their prediction went wrong, I would have to suffer high losses.
I hope it helps.... Have a great time ahead!
g Assume that you have the following decision-making options: (1) make decisions on your own with available information, (2) consult others before making a decision, and (3) call a meeting and reach a consensus, seeking to arrive at a final decision everyone can agree on. Which approach would you use to make each of the following decisions and why
Answer: hello some part of your question is missing below is the missing piece
You are the project leader for Casino Night on campus, a charitable event organized by your group to raise money for the homeless. The event was a big success, garnering a net profit of $3,500. Before the event your team researched nearby organizations that support the homeless and to whom the money could be given
answer : Call a meeting and reach a consensus, seeking to arrive at a final decision everyone can agree on ( 3 )
Explanation:
The best approach would be to call a meeting and reach a consensus because the project you embarked on was built on team effort and contributions hence it is best to let every member have a say in the decision making process.
Assume that a stock is expected to pay dividends at the end of Year 1 and Year 2 of $1.25 and $1.56, respectively. Dividends are expected to grow at a 5% rate thereafter. Assuming that ke is 11%, the value of the stock is closest to:___.
A. $22.3.B. $23.42.C. $24.55.
Answer:
C. $24.55
Explanation:
Calculation to determine what the value of the stock is closest to:
Value of the stock =($1.25 / 1.11) + [1.56/ (0.11 -0.05)] / 1.11
Value of the stock =[1.126126+(1.56/0.06)]/1.11
Value of the stock = $24.55.
Therefore the value of the stock is closest to:$24.55
Process or Sell Product D is produced for $24 per gallon. Product D can be sold without additional processing for $36 per gallon or processed further into Product E at an additional cost of $9 per gallon. Product E can be sold for $43 per gallon. Prepare a differential analysis dated February 26 on whether to sell Product D (Alternative 1) or process further into Product E (Alternative 2). For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
Sell Product D
Explanation:
The computation of the differential analysis dated February 26 is presented below:
Particulars Sell D(ALT 1) Process Further Into E(ALT 2) Differential Effect(ALT 2)
Revenues
per unit $36 $43 $7
Costs per unit $24 $33 $9
Income(Loss)
per unit $12 $10 -$2
Here we should do that Sell Product D
