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

Answers

Answer 1

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

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

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

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

Intrinsic Value = FCFE / (R - G)

where,FCFE = the Free Cash Flow to Equity

R = the Required Rate of Return

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

Considering the given values in the question:

FCFE = $5.79

Growth rate of FCFE = 7.76%

Required rate of return (R) = 10.63%

Long-term growth rate (g) = 2.46%

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

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

Intrinsic Value = $5.79 / 0.0287

Intrinsic Value = $201.39

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

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

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

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

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Related Questions

The Developmental Challenge Profile (DCP) assesses the:
a.
educational level of a manager.
b.
developmental components of a job.
c.
challenges of a job.
d.
potential of a job.

Answers

The Developmental Challenge Profile (DCP) assesses the challenges of a job (option c).

The DCP is a tool used to evaluate and measure the specific challenges associated with a particular job. It aims to identify and understand the developmental aspects and demands of the job, focusing on the skills, knowledge, and experiences required for effective performance and growth.

By assessing the challenges of a job, the DCP provides insights into the developmental opportunities and areas for improvement within the role. It helps organizations and managers identify the specific areas where employees may need additional support, training, or resources to enhance their performance and achieve their full potential.

The DCP is not primarily focused on evaluating the educational level of a manager (option a), developmental components of a job (option b), or the potential of a job (option d). While education, development, and potential may be indirectly addressed or considered within the DCP assessment, its primary purpose is to evaluate and assess the challenges associated with a job.

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If you can earn 12 percent on your investments, and you would like to accumulate $100,000 for your newborn child’s education at the end of 18 years, how much must you invest annually to reach your goal?

Answers

To accumulate $100,000 for the newborn child’s education at the end of 18 years, you must invest $9,969.39 annually

Investing in the future education of a newborn is a great step to take, and being able to accumulate funds to the tune of $100,000 after 18 years is a great feat. One of the first things to consider when planning to save towards a target is to understand the investment options available. Since the question provided an interest rate of 12%, it is safe to say that it is the expected return on investment, hence, making use of the compound interest formula is vital.

Formula: Future value of an annuity FV = (PMT x (((1 + r)n - 1) / r)) x (1 + r)

FV: Future Value of Annuity PMT: Investment made at each interval r: Interest Rate per period n: Number of Periods Solution: Given that the expected return on investment is 12% per annum and the required amount is $100,000.

We can determine the annual investment required to reach the goal in 18 years.

The future value of an annuity is given by the formula

FV = (PMT x (((1 + r)n - 1) / r)) x (1 + r) = $100,000,

Where n = 18, and r = 12% converting the percentage into a decimal value (r = 0.12)

Hence, PMT = FV / ((1 + r)n - 1) / rPMT

= $100,000 / (((1 + 0.12)18 - 1) / 0.12)PMT

= $100,000 / 10.0346PMT

= $9,969.39 per year

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Prepare the Case Study "Miles Everson at PricewaterhouseCoopers" from the course pack.
Focus on the following questions, and prepare their answers in form of an internal memo (max. 2 pages)
What is the role of the Global Engagement Partner (GEP) at PricewaterhouseCoopers?
How effective has Miles Everson been in this role in managing the firm’s relationship with BestBank?
What are the challenges Everson faces in becoming the GEP for Global Financial?
What recommendations do you have for him?

Answers

The challenges he faces in becoming the GEP for Global Financial include learning a new industry, working with a diverse team, meeting different customer expectations, frequent travel, and managing work-life balance.

The Global Engagement Partner (GEP) is a partner who is accountable for the services provided by a network firm in serving the global account or territory of the clients. GEP is responsible for the overall global strategy, risk management, planning, and execution of services for the customer. The GEP also acts as the leader of the team that serves the customer and the main contact for the global account or the territory team.How effective has Miles Everson been in this role in managing the firm’s relationship with BestBank?Miles Everson has been very effective in his role in managing the relationship with BestBank. Everson went out of his way to meet BestBank's executives in person, and he was successful in creating a long-term relationship with BestBank. Miles made sure that his team at PricewaterhouseCoopers (PwC) provided exceptional service to BestBank. As a result, BestBank awarded PwC a long-term audit contract.What are the challenges Everson faces in becoming the GEP for Global Financial?Everson faces several challenges in becoming the GEP for Global Financial. The first challenge is that he will be working in a completely different industry and must learn about the new industry. The second challenge is that the role requires him to work with a more diverse team and understand different cultures. Third, the Global Financial customer will have different expectations than BestBank. Fourth, the role involves frequent travel to different countries, which could be tiring and demanding. Lastly, Everson will have to manage his time effectively to balance his work and family life.What recommendations do you have for him?I recommend the following to Miles Everson to be successful in his new role: First, he should quickly understand the industry and the needs of the customer. Second, he should work closely with the Global Financial team to understand different cultures. Third, he should define clear expectations with Global Financial to ensure a successful working relationship. Fourth, he should manage his time effectively to balance work and family life. Finally, he should be open to feedback and advice from his team and senior partners. By following these recommendations, Everson should be able to manage the challenges of his new role and become a successful Global Engagement Partner.

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What type of insurance would you prefer and why? What do you
believe is the worst option and why?

Answers

As an individual, I would prefer health insurance and life insurance as my priority. Health insurance covers medical expenses that may arise due to unforeseen events like illness, injury, or accidents. It gives me the peace of mind that I won’t be burdened by huge medical bills in case of any medical emergencies.

Life insurance, on the other hand, offers financial security to my family and loved ones if anything unfortunate happens to me. It provides my dependents with financial support in the form of a lump sum payment or periodic payments upon my death.However, I believe the worst option for insurance is car insurance. I’m not saying that car insurance isn’t important, but the fact that many people only get this type of insurance because it’s mandatory by law is worrying.

People tend to overlook the fact that car insurance not only covers damages that occur during accidents, but it also provides cover against theft, natural disasters, and other forms of damage. Not having car insurance puts both you and other road users at risk. If you get into an accident and you’re not insured, you may end up paying for damages, injuries, and legal fees out of your own pocket. Insurance is a contract between two parties, the insurance company, and the policyholder, where the former guarantees to compensate the latter for any loss that occurs under the terms and conditions of the policy. The policyholder, in turn, agrees to pay a premium for the policy that they purchase. The types of insurance available in the market are diverse and cater to different needs like health insurance, life insurance, car insurance, property insurance, and many more. As an individual, I would prefer health insurance and life insurance as my priority. Health insurance covers medical expenses that may arise due to unforeseen events like illness, injury, or accidents.  However, I believe the worst option for insurance is car insurance. I’m not saying that car insurance isn’t important, but the fact that many people only get this type of insurance because it’s mandatory by law is worrying. People tend to overlook the fact that car insurance not only covers damages that occur during accidents, but it also provides cover against theft, natural disasters, and other forms of damage. Not having car insurance puts both you and other road users at risk. If you get into an accident and you’re not insured, you may end up paying for damages, injuries, and legal fees out of your own pocket.In conclusion, the type of insurance one prefers depends on their needs and financial situation. However, it's essential to understand that insurance is an investment in the future, and it's always better to be prepared than to regret later. Insurance offers a sense of security and peace of mind that allows one to focus on other aspects of their life without worrying about financial setbacks. A comprehensive insurance policy that meets your requirements can help you mitigate financial losses and secure your future.

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what are the 4 types of caps that affect adjustable rate mortgages

Answers

The four types of caps that affect adjustable rate mortgages are the initial, periodic, lifetime, and payment caps.

Initial Cap: An initial cap is a limit on how much the interest rate on an adjustable-rate mortgage (ARM) can rise at the first adjustment date. After the fixed-rate portion of the loan expires and the loan becomes an adjustable-rate mortgage, the first interest rate change is typically limited to a fixed percentage over the initial interest rate. These caps are usually between 2% and 5%, but they may vary depending on the lender and the borrower's credit history.

Periodic Cap: A periodic cap is a limit on how much the interest rate on an adjustable-rate mortgage (ARM) can increase or decrease at each interest rate adjustment. Periodic caps, unlike initial caps, limit the amount by which an interest rate can increase or decrease during each adjustment period. A typical periodic cap is 2%, but some lenders may offer periodic caps of 1%, 3%, or 5%.

Lifetime Cap: A lifetime cap is a limit on how much the interest rate on an adjustable-rate mortgage (ARM) can increase over the life of the loan. These caps are expressed as a percentage increase over the initial interest rate and are usually between 5% and 10%.

Payment Cap: A payment cap is a limit on how much the borrower's monthly mortgage payment can increase or decrease during each adjustment period. Payment caps are usually expressed as a dollar amount, with a maximum monthly payment increase of $100 or $200 being typical. Payment caps can cause negative amortization, which occurs when the interest rate on a mortgage loan is lower than the interest rate on the loan balance.

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during times of rising prices, which of the following is not an accurate statement?

Answers

During times of rising prices, it is not accurate to say that inflation has a positive impact on consumers' purchasing power.

During inflationary periods when prices are rising, the value of money decreases over time. As prices increase, the same amount of money can purchase fewer goods and services. This means that consumers' purchasing power is diminished. Their money can buy less, and they may need to spend more to maintain their desired standard of living. Therefore, stating that inflation has a positive impact on consumers' purchasing power would be inaccurate. Inflation erodes the value of money and reduces the ability of consumers to afford goods and services, leading to a decrease in purchasing power. It is important for individuals and businesses to consider the effects of inflation and plan accordingly to mitigate its impact on their finances.

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Bill and Ted operate a partnership. In most states, for the purpose of collecting judgments their business would be treated as Select one: O a. a combination of individuals. Ob. a proprietorship. C. an independent entity. d. an aggregate

Answers

Bill and Ted operate a partnership. In most states, for the purpose of collecting judgments their business would be treated as a combination of individuals.What is a partnership?A partnership is an association of two or more persons who agree to operate a business together for profit.

Each partner contributes money, property, labour, or skill, and shares in the company's gains and losses.What is a judgment?A judgment is a final court order in which a judge or jury decides a legal action. The judgment may require a payment of damages or other legal remedies.What is a partnership liability?Partners are personally liable for the partnership's debts and judgments in most states. Personal liability means that if the partnership is unable to pay its obligations, creditors may go after each partner's personal assets. In most jurisdictions, a partnership is not considered a separate legal entity. As a result, creditors may pursue the partners as individuals for the debts of the company.In most states, for the purpose of collecting judgments, their business would be treated as a combination of individuals.

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The table shows the total revenue of the 50 firms in the candy and confectionery industry. Calculate the four-firm concentration ratio and the HHI. >>> Answer to 2 decimal places. Firm Sugar Mountain Sugar + Spice Simply Candy Fudge Factory Next 16 firms (each) Next 30 firms (each) Industry Total revenue (dollars) 450 325 250 200 50 The four-firm concentration ratio equals The HHI equals 20 2,625 The four-firm concentration ratio indicates that the market is and the Herfindahl-Hirschman Index indicates that the market is (Assume there are no reasons that would make the concentration measures unreliable guides.) A. monopolistic competition; a monopoly B. a monopoly; a monopoly C. monopolistic competition; monopolistic competition D. a monopoly; monopolistic competition E. probably not monopolistic competition; monopolistic competition

Answers

Concentration ratio is a ratio that shows the combined market share of the largest companies in the market. One of the popular concentration ratios is the four-firm concentration ratio. It calculates the combined market share of the top four largest firms in the market.

Thus, if the four-firm concentration ratio is high, it implies the market is concentrated. On the other hand, if the ratio is low, it implies that the market is not concentrated.Herfindahl-Hirschman Index (HHI) is another method of measuring the concentration of the market. The HHI is calculated by summing up the square of the market shares of all the firms in the market.

It provides a more detailed view of the concentration of the market than the concentration ratio. An HHI of 1000 or less shows low concentration while an HHI of 1800 or more indicates that the market is highly concentrated.To calculate the four-firm concentration ratio, The four-firm concentration ratio indicates that the market is highly concentrated while the HHI indicates that the market is highly concentrated as well.

Therefore, the correct answer is option B. a monopoly; a monopoly.

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each of the following is a confidence interval for = true average (i.e., population mean) resonance frequency (hz) for all tennis rackets of a certain type: (112.6, 113.4) (112.4, 113.6)

Answers

The question provides two confidence intervals: (112.6, 113.4) and (112.4, 113.6), for the true average (i.e., population mean) resonance frequency (Hz) for all tennis rackets of a specific type. In statistics, a confidence interval is a range of values that is likely to contain an unknown population parameter with a certain degree of confidence.

The confidence interval range (112.6, 113.4) represents the interval with an upper bound of 113.4 Hz and a lower bound of 112.6 Hz, while the other confidence interval (112.4, 113.6) represents the range with an upper bound of 113.6 Hz and a lower bound of 112.4 Hz. Therefore, the actual population mean resonance frequency should lie within the two intervals at a certain level of confidence. Confidence intervals are crucial in the field of statistics as they help in drawing generalizations about populations from samples.

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1. 2020, Q1 data:
Consumption = $13.18 b GDPI = 3.27 b
Exports = 2.48 b Imports = 3.29 b
Government expenditure: 3.34 b
a) GDP =
b) Net exports =
c) Based on your value of net exports, is there a trade deficit or surplus?

Answers

Based on the value of net exports being -$0.81 billion, there is a trade deficit. A trade deficit occurs when the value of imports exceeds the value of exports.

a) GDP (Gross Domestic Product) can be calculated using the expenditure approach, which sums up consumption (C), investment (I), government expenditure (G), and net exports (NX). The formula for GDP is:

GDP = C + I + G + NX

Given the data provided:

Consumption (C) = $13.18 billion

Investment (I) = Not given

Government expenditure (G) = $3.34 billion

Net exports (NX) = Exports - Imports = $2.48 billion - $3.29 billion = -$0.81 billion (negative value indicates a trade deficit)

To calculate GDP, we need information about investment (I). Without the value of investment, we cannot determine the exact GDP.

b) Net exports (NX) = Exports - Imports = $2.48 billion - $3.29 billion = -$0.81 billion

In this case, the negative net exports indicate that the country is importing more goods and services than it is exporting.

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Q3 Suppose that a new machine tool having a useful life of only one year costs $120000. The net additional revenue resulting from buying this machine tool is expected to be $135000. 3 marks a) What will be the Expected rate of return on this machine tool? b) If the firm considers this Expected rate of returns and finds it can borrow funds at an interest rate of 14 percent. Should the firm purchase the machine tool? Why?

Answers

a) To calculate the expected rate of return on the machine tool, we need to divide the net additional revenue by the cost of the machine tool and express it as a percentage.

Net additional revenue: $135,000

Cost of the machine tool: $120,000

Expected rate of return = (Net additional revenue / Cost of the machine tool) * 100

Expected rate of return = ($135,000 / $120,000) * 100

Expected rate of return = 112.5%

Therefore, the expected rate of return on the machine tool is 112.5%.

b) If the firm can borrow funds at an interest rate of 14 percent, they need to compare this interest rate with the expected rate of return to make a decision on whether to purchase the machine tool.

Since the expected rate of return on the machine tool is 112.5% and the interest rate for borrowing funds is 14%, the expected rate of return is significantly higher than the interest rate.

Based on this analysis, it would be beneficial for the firm to purchase the machine tool. The expected rate of return of 112.5% is higher than the borrowing cost of 14%. This means that the investment in the machine tool is expected to generate a higher return than the cost of borrowing funds. Therefore, purchasing the machine tool would be a favorable decision for the firm.

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In the latest BLS unemployment report, the data shows that unemployment rate has been steadily
falling this year. However, overall real earnings are down. Knowing what you do about
employment, wages, and current economic climate, discuss why you think this is.
Using your discussion from the above, comment on why you think companies are currently
having trouble getting workers.

Answers

The unemployment rate and real earnings are two economic indicators that help us understand the state of the economy. It is often believed that as unemployment rates fall, wages increase. However, in the latest BLS unemployment report, it is evident that this is not the case.

In fact, while the unemployment rate has been steadily falling, the overall real earnings of workers have been decreasing. This is because the labor market is currently facing a shortage of skilled workers. As more and more jobs require specific skills, such as coding, data analysis, or specialized technical skills, there is a mismatch between the available workforce and the jobs available. This has led to an increase in the demand for skilled workers, but the supply of skilled workers has not kept up with this demand.

Therefore, the real earnings of workers who possess these skills have increased. However, for the majority of workers, wages have stagnated or decreased due to the oversupply of low-skilled workers and the undersupply of skilled workers. Additionally, the current economic climate, which is marked by slow economic growth and low productivity, has contributed to the decrease in real earnings. Companies are currently having trouble getting workers because of several reasons.

Firstly, the labor market is facing a shortage of skilled workers, which has increased the competition among companies for these workers.

Secondly, as the economy becomes more globalized, companies are increasingly outsourcing jobs to other countries where labor is cheaper.

Finally, the current economic climate, which is marked by slow economic growth and low productivity, has made it difficult for companies to expand and create new jobs, thus limiting the number of available jobs for workers.

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When you compose a message, you want your audience to find the information it needs quickly and to understand it. Your message should be easy to read and comprehend. Strategic use of white space improves document readability. Which of the following techniques employ white space? Check all that apply. Using bulleted and numbered lists Using headings Using justified alignment Breaking paragraphs into shorter chunks Margins determine the reading area of a document. Complete the following sentence about margins and alignment with the best choices. Business letters and memos usually have margins of and are usually on the left. Typeface, font, and size influence how your message is read. Review the selection, and determine whether the following statement about typeface and font is true or false. A WIDE variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions. True or False: Font styles are a mechanical means of adding emphasis to your words. True False Headings are important for visual impact and readability. Which of the following sentences about headings are true? Check all that apply. Headings often appear in business reports. Headings should not be used in formal documents. Headings increase the skim value of a message. Read the following sentence, and determine which technique is most applicable to improve its readability. The letters you send to clients must be precise, stated with clarity, and utilize an economy of language. Eliminating compound prepositions Using numbered or bulleted lists Developing parallelism for balance Choose the heading that is best at highlighting information and improves readability. The Truth About ABC Corp. Profitability Financial Analysis of ABC Corp.

Answers

The techniques that employ white space include:

Using bulleted and numbered listsUsing headingsBreaking paragraphs into shorter chunks

Margins determine the reading area of a document. Complete the following sentence about margins and alignment with the best choices:

Business letters and memos usually have margins of standard width (usually 1 inch) and are usually aligned on the left.

The statement about typeface and font is true:

A wide variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions.

Font styles are a mechanical means of adding emphasis to your words. Therefore, the statement is true.

Regarding headings, the following sentences are true:

Headings often appear in business reports.Headings increase the skim value of a message.

To improve the readability of the sentence "The letters you send to clients must be precise, stated with clarity, and utilize an economy of language," the technique most applicable is:

Developing parallelism for balance.

The heading that is best at highlighting information and improving readability is:

Financial Analysis of ABC Corp.

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what is the form of business ownership where you are taxed only at the personal level?

Answers

The form of business ownership where you are taxed only at the personal level is known as a "pass-through entity."

Pass-through entities are not subject to separate corporate taxation. Instead, the income or losses of the business "pass through" to the owners, who report them on their individual tax returns and are taxed at their personal tax rates. The owners of pass-through entities are typically responsible for paying self-employment taxes as well.

Examples of pass-through entities include sole proprietorships, partnerships, limited liability companies (LLCs), and S corporations. Each of these business structures has its own characteristics and legal requirements, so it's essential to consult with a qualified tax professional or attorney to determine the most suitable option for your specific circumstances.

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5. A restaurant has large tanks that are cleaned daily. Cleaning includes the use of packaged detergents, which dissolve in a solution inside the tanks. The company purchases detergent packages with a fill-weight specification of 11.47±0.08oz. A supplier representative claims that his company uses statistical process control and will promise an inherent process capability of 0.27oz for the fill-weight specification. The brochure says nothing else about the process except that the advertised weight of the detergent packages is 11.5oz.
Calculate Cpk
Should the food processor buy detergent from this supplier? Why or why not?
If the supplier had control chart evidence that its fill-weight process was in fact centered a 11.5oz, and was in a state of statistical control, how would your answer to question (a) change? Does all output meet specifications?

Answers

A process capability index is a statistical measure of how well a process is able to produce outputs that meet product specifications. Cpk is a process capability index that measures the capability of a process to produce outputs within customer specifications. It is used to evaluate the ability of a process to meet specified quality criteria. It is defined as the ratio of the process tolerance to the process variability. It is used to determine whether a process is capable of producing products that meet customer specifications. The Cpk index is used to determine the capability of a process to produce outputs that meet customer specifications. The higher the Cpk value, the more capable the process is of producing outputs that meet customer specifications.

In this problem, the food processor purchases detergent packages with a fill-weight specification of 11.47 ± 0.08 oz.

The supplier claims that their detergent packages have a process capability of 0.27 oz. The supplier brochure advertises the weight of the detergent packages as 11.5 oz.

We need to calculate the Cpk and determine if the food processor should buy detergent from this supplier. We also need to determine how the answer to part a would change if the supplier had control chart evidence that its fill-weight process was in fact centered at 11.5 oz, and was in a state of statistical control.Cpk is calculated as follows:

Cpk = min((USL - X-bar)/3*sigma, (X-bar - LSL)/3*sigma)

Where USL is the upper specification limit, LSL is the lower specification limit, X-bar is the process mean, and sigma is the process standard deviation.

The upper specification limit is USL = 11.47 + 0.08 = 11.55 oz.

The lower specification limit is LSL = 11.47 - 0.08 = 11.39 oz.

The process mean is X-bar = 11.5 oz.

The process capability is Cp = (USL - LSL)/6*sigma = (11.55 - 11.39)/6*0.27 = 0.30.

The process is capable of producing outputs that meet customer specifications because the Cpk is greater than 1.0. The food processor should buy detergent from this supplier because the detergent packages have a high process capability and can produce outputs that meet customer specifications. If the supplier had control chart evidence that its fill-weight process was in fact centered at 11.5 oz, and was in a state of statistical control, the answer to part a would not change because the process is already capable of producing outputs that meet customer specifications. All output meets specifications because the process capability is greater than 1.0.

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Find the sticker price in each row of the table
Base price options Destination charge Sticket price
$19,900 $2,400 $350 $
21,540 1,260 345
32,654 4,865 338
49,842 3,861 425

2. Devin and Marlika Randolph are shopping for a new minivan with all-wheel drive. Its base price is $25,635. The options are a touch-screen DVD/TV at $650, satellite navigation at $225, a heavy-duty engine cooling wystem at $354, a trailer-tow package at $568, and a keyless entry system at $332. The destination charge is $850. What is the minivan's sticker price? Find the missing prices.


3. Betty Richard's new sedan has n $43,895.60 MSRP ineluding title and processing fees. The navigation system cost twice as much as the upgraded sound system, which included AM/FM stereo with CD/MP3 player, and 9 speakers Including the 6.5% sales tax, the total cost of her now car was $48,346,31. Find the cost of the a) upgraded sound system, and b) navigation system.

Answers

To find the sticker price of the minivan, we need to add the base price, options, and destination charge together.

Base price: $25,635

Options:

Touch-screen DVD/TV: $650

Satellite navigation: $225

Heavy-duty engine cooling system: $354

Trailer-tow package: $568

Keyless entry system: $332

Destination charge: $850

Sticker price = Base price + Options + Destination charge

Sticker price = $25,635 + $650 + $225 + $354 + $568 + $332 + $850

Sticker price = $28,614

Therefore, the minivan's sticker price is $28,614.

Let's solve for the cost of the upgraded sound system and navigation system.

Given:

Total cost of the new car, including sales tax: $48,346.31

MSRP (including title and processing fees): $43,895.60

Let the cost of the upgraded sound system be x.

The cost of the navigation system is twice the cost of the upgraded sound system, so it is 2x.

The total cost of the car can be expressed as:

Total cost = MSRP + Sales tax

Substituting the given values:

$48,346.31 = $43,895.60 + Sales tax

To find the sales tax, we subtract the MSRP from the total cost:

Sales tax = $48,346.31 - $43,895.60

Sales tax = $4,450.71

Since the sales tax is 6.5% of the total cost, we can set up the equation:

Sales tax = 0.065 * Total cost

Substituting the values and solving for the total cost:

$4,450.71 = 0.065 * Total cost

Total cost = $4,450.71 / 0.065

Total cost ≈ $68,467.85

Now we can solve for the cost of the upgraded sound system and navigation system:

Upgraded sound system = x

Navigation system = 2x

Upgraded sound system + Navigation system + MSRP = Total cost

x + 2x + $43,895.60 = $68,467.85

Combining like terms:

3x + $43,895.60 = $68,467.85

Subtracting $43,895.60 from both sides:

3x = $68,467.85 - $43,895.60

3x = $24,572.25

Dividing by 3:

x ≈ $8,190.75

Therefore, the cost of the upgraded sound system is approximately $8,190.75, and the cost of the navigation system is approximately $16,381.50.

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A marketing dashboard is live view of the people and activities vital to the corporation. Select one: O True O False

Answers

False. A marketing dashboard is live view of the people and activities vital to the corporation.

A marketing dashboard is a visual representation of key marketing metrics and data that provides an overview of marketing performance and effectiveness. It typically includes various metrics such as website traffic, leads generated, conversion rates, social media engagement, and campaign performance. The purpose of a marketing dashboard is to provide marketers and decision-makers with real-time or near real-time insights into marketing activities, enabling them to track progress, identify trends, and make data-driven decisions.

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When a lessee makes periodic cash payments for an operating lease, which of the following accounts is increased?
a. Rent Expense
b. Leased Equipment
c. Capital Lease Obligation
d. Interest Expense

Answers

When a lessee makes periodic cash payments for an operating lease a. Rent Expense accounts is increased

When a lessee makes periodic cash payments for an operating lease, the account that is increased is Rent Expense. Operating leases are treated as rental agreements, and the lessee records the lease payments as Rent Expense in their income statement. The payments made for operating leases are considered operating expenses and are recognized as an expense in the period in which they are incurred.

The other options listed are not affected by cash payments for operating leases:

b. Leased Equipment: Leased Equipment is not increased because operating leases do not result in the lessee recognizing the leased asset on their balance sheet.

c. Capital Lease Obligation: Capital Lease Obligation is not relevant for operating leases as it pertains to the accounting treatment of capital leases, which are considered as a financing arrangement rather than an operating expense.

d. Interest Expense: Interest Expense is also not applicable to operating leases as there is no interest component involved. Interest expense is typically associated with financing arrangements such as capital leases or loans.

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The Lilly Ledbetter Fair Pay Act of 2009 is legislation that provided the followinglegal statutes;
Group of answer choices
Clean air guidelines.
Equal pay for equal work, focus on women.
Minimum wages.
None of the above.

Answers

The Lilly Ledbetter Fair Pay Act of 2009 is legislation that provided Equal pay for equal work, focus on women.

The Lilly Ledbetter Fair Pay Act of 2009, was put into effect to avoid discrimination based on sex when determining wages for workers. It sought to extend the time limit for submitting a complaint over pay inequities and to make the practice of unequal pay more transparent. In accordance with the Act, an employee can file a discrimination complaint regarding their wages at any point of their employment, as long as the unequal payment is in progress. In conclusion, the Lilly Ledbetter Fair Pay Act 2009 is legislation that provided Equal pay for equal work, focus on women. The Lilly Ledbetter Fair Pay Act of 2009 was intended to close the gap in wages between males and females by allowing employees to file discrimination complaints at any time.

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The equity section of CFAS Company revealed the following information on December 31, 2022:
Preference share capital, P100 par
| P5,000,000
Share premium-preference shares
Ordinary share capital, P50
3,200,000
Share premium-ordinary shares
463,899
Subscribed ordinary share capital
Retained earnings-appropriated
250,000
Subscription receivable-ordinary shares
Retained earnings- unappropriated
3,500,000
Treasury shares-ordinary
How much is the contributed capital of CFAS Company as of December 31, 2022?

Answers

As per the information given in the question, the contributed capital of CFAS Company as of December 31, 2022 can be calculated as follows:

Contributed capital = Preference share capital + Ordinary share capital + Share premium-preference shares + Share premium-ordinary shares Preference share capital = P5,000,000Ordinary share capital = 3,200,000 Share premium-preference shares = 0Share premium-ordinary shares = 463,899

Therefore, Contributed capital = P5,000,000 + 3,200,000 + 0 + 463,899 = P8,663,899 Hence, the contributed capital of CFAS Company as of December 31, 2022 is P8,663,899.

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Short Answer Questions (Please write in your own words)
1. Distinguish between savings and investment.
2. What are two things that are true when an economy is in equilibrium?

Answers

1. Distinguish between savings and investment.

Savings refer to the money that is not spent on consumption and kept aside to meet future requirements.

Investment refers to the use of saved money to earn profit. Savings are usually done by individuals, while investment is generally done by companies, organizations, or governments. Savings don’t earn a high return, while investment usually earns a higher return than savings.

2. What are two things that are true when an economy is in equilibrium?

When an economy is in equilibrium, it means that the quantity supplied is equal to the quantity demanded at the current market price. Two things that are true when an economy is in equilibrium are:

1. There is no surplus or shortage of goods or services.

2. The market forces of demand and supply are balanced and stable.

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The National Fire Protection Association has classified fires
according to three basic types. List them, including a brief
description of each.

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The National Fire Protection Association has classified fires according to three basic types. These types of fire are based on the type of fuel that is burning.

The three basic types of fires are:Class A fire:This type of fire is the most common and occurs when materials like wood, paper, plastic, and cloth ignite. They are usually fueled by combustible solids. When these materials burn, they leave an ash residue. This fire can be extinguished with water, foam, or dry chemical.Class B fire:This type of fire is caused by flammable or combustible liquids such as gasoline, oil, and kerosene.

They can also involve flammable gases. Class B fires can spread quickly and can be challenging to put out because they can re-ignite. Water should not be used to put out a Class B fire because it can spread the fire. Class B fires are best extinguished using foam, dry chemical, or carbon dioxide.Class C fire:This type of fire is caused by electrical equipment, such as motors, transformers, and appliances. Because electricity is involved, it is essential to shut off the power source before attempting to put out the fire. Class C fires are often caused by a short circuit or overload. This type of fire can be extinguished by using a fire extinguisher with a non-conductive agent like carbon dioxide or a dry chemical.

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A production department's output for the most recent month consisted of 19,500 units completed and transferred to the next stage of production and 19,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. There were 2,900 units in beginning Work in Process inventory, and they were 80% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. 00:44:45 Ask Multiple Choice O O 20,080 units. 19.500 units. 31,780 units. units. 31,200 units.

Answers

Number of units completed and transferred to the conversion cost next stage of production= 19500Number of units in ending Work in Process inventory= 19500Units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs.

Number of units in beginning Work in Process inventory = 2900Units in beginning Work in Process inventory were 80% complete with respect to both direct materials and conversion costs. The equivalent units of production for the month, assuming is 31,200 units. The formula for calculating the equivalent units of production for the month, assuming the company uses the weighted average method is:EUP = Units completed and transferred to the next stage of production + Units in ending work in process (WIP) x Percentage completion Therefore,EUP

= 19500 + 19500 x 0.6

= 19500 + 11700= 31200Therefore, the equivalent units of production for the month, assuming the company uses the weighted average method is 31,200 units.

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.Select all that apply
What are steps in the problem-solution organizational method of organizing persuasive speeches on questions of policy?
A. Explaining the root causes of the problem
B. Suggesting a practical plan
C. Demonstrating a need
D. Explaining the importance of the problem

Answers

The problem-solution organizational method of organizing persuasive speeches on questions of policy involves a few critical steps.

Below are some steps that one can use in the problem-solution organizational method of organizing persuasive speeches on questions of policy: Demonstrating a need: The first step is demonstrating a need. One should present a clear and compelling case for why the problem needs to be addressed, why it is critical, and how it affects the audience. Explaining the root causes of the problem: The second step is explaining the root causes of the problem. One should provide a thorough analysis of the problem's root causes, making sure to explain how and why it exists. Suggesting a practical plan: The third step is suggesting a practical plan. One should offer a detailed and comprehensive solution to the problem, explaining why it is effective and practical. Explaining the importance of the problem: The fourth and final step is explaining the importance of the problem. One should remind the audience of the critical nature of the problem, why it needs to be solved, and what will happen if it is not addressed. These are the critical steps in the problem-solution organizational method of organizing persuasive speeches on questions of policy.

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locate a tax case that involves the vlauation of stock in the company that produces korbel champagne

Answers

To find a tax case involving the valuation of stock in a company that produces Korbel Champagne, I recommend conducting a search on legal databases, such as LexisNexis, Westlaw, or other reputable tax law resources.

These databases provide access to a wide range of legal cases, including tax cases.

When conducting your search, consider using keywords such as "valuation of stock," "tax case," and "Korbel Champagne" to narrow down your results. Additionally, specify the jurisdiction or country where the case was filed, as tax laws can vary between jurisdictions. This will help you find relevant and specific tax cases related to the valuation of stock in the company producing Korbel Champagne.

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Which of the following is an example of work-in-process inventory for an automobile company?
Cars for sale in one of the company's outlets
Cars that are in the initial stages of the assembly line Tires in the company's warehouse
Nuts and bolts used in the cars
Windshields used in the cars

Answers

Option (b), Cars that are in the initial stages of the assembly line is an example of work-in-process inventory for an automobile company.

Work-in-process inventory is an inventory account that displays the cost of goods in the production process that have not yet been completed. As a result, work-in-process inventory serves as a component of the cost of goods sold in the income statement.

Cars that are in the initial stages of the assembly line is an example of work-in-process inventory for an automobile company. This is due to the fact that the initial stage of assembling cars is the manufacturing process. After that, the automobile is subjected to many additional processes, such as painting and installing the engine, before it is completed and sold.

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Select an organized criminal group of your choosing. Explain which group you have selected and why you have selected it.
Briefly describe the main types and/ or methods of criminal activity of the organized criminal group that you have selected.
Examine at least two of the types/ methods of criminal activity that you have selected through the lens of the Organized Crime Convention. In particular, identify a number of Convention provisions that we have examined during the course that are relevant to this criminal activity and explain how they apply to the facts of the organized criminal group you selected. [At least 500 words should focus on this aspect which requires the most discussion and analysis].

Answers

Organized criminal groups are among the most serious and dangerous criminal organizations. Such groups seek to acquire power and make money by engaging in a variety of criminal activities. They are characterized by their structure and code of conduct, as well as their capacity to execute violent acts.

This post will examine the Cosa Nostra crime organization and how it engages in various criminal activities.Types and methods of criminal activityCosa Nostra is a criminal organization that has its roots in Sicily, Italy, and has branches throughout the United States, South America, and Europe.

The group engages in a variety of criminal activities, including drug trafficking, loan sharking, money laundering, and extortion. Cosa Nostra members are identified by their black suits, black hats, and white scarves around their necks, as well as their oaths of loyalty, blood rituals, and secretive codes of conduct.

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Walsh Enterprises manufactures tires for the Formula I motor racing circuit. For August 2020, it budgeted to manufacture and sell 3,500 tires at a variable cost of $80 per tire and total fixed costs of $52,500. The budgeted selling price was $107 per tire. Actual results in August 2020 were 3,400 tires manufactured and sold at a selling price of $108 per tire. The actual total variable costs were $292,400, and the actual total fixed costs were $48,500. Read the requirements. Requirement 1. Prepare a performance report with a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Sales-Volume Static Flexible Budget Results Variances Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income 100000 Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is variance and a(n) manufactured and sold were primarily to the There is a(n) total flexible-budget sales-volume variance. The sales-volume variance arises solely because actual units than the budgeted 3,500 units. The flexible-budget variance in operating income is due in unit variable costs.

Answers

Requirement 1: Performance Report

                  Actual     Flexible Budget    Sales-Volume     Static Budget

                  Results        (3,400 units)      Variances          Variances

Units sold      3,400

Revenues        $365,200       $365,200                        $375,500          $10,300 Favorable

Variable costs  $292,400       $272,000           $20,400 Unfavorable   $280,000        $12,400 Unfavorable

Contribution

margin          $72,800        $93,200             $20,400 Favorable    $95,500         $22,700 Favorable

Fixed costs     $48,500        $52,500            ($4,000) Unfavorable  $52,500         ($4,000) Unfavorable

Operating

income         $24,300        $40,700             $16,400 Favorable    $43,000         $18,700 Favorable

Requirement 2: Comment on the results in Requirement 1

In Requirement 1, we observe that the actual results for August 2020 were slightly lower than the budgeted units sold, resulting in a favorable sales-volume variance of $10,300. This indicates that the company performed better than expected in terms of unit sales. However, the actual variable costs were higher than the flexible budget, leading to an unfavorable flexible-budget variance of $20,400. This suggests that the company experienced higher variable costs per unit than anticipated.

When comparing the actual results to the static budget, we see a favorable variance in operating income of $18,700. This variance is the result of both the favorable sales-volume variance and the favorable variance in unit variable costs. The total static-budget variance in operating income is $4,000 unfavorable, which indicates that the company's actual performance fell short of the budgeted operating income.

Overall, while the company achieved better-than-expected sales volume, the higher variable costs affected the profitability. The favorable variances in sales volume and unit variable costs partially offset the unfavorable variance in fixed costs, resulting in a positive impact on operating income. However, there is still room for improvement in managing variable costs to align them more closely with the budgeted figures.

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How does competition affect a consumer's choice in transportation?
This question should be based on Jetblue airlines in comparison to other airlines.

Answers

Competition influences a consumer's choice in transportation, such as JetBlue Airlines, by providing them with options and driving airlines to differentiate themselves through factors like pricing, routes, amenities, customer service, and reputation.

Competition plays a significant role in shaping a consumer's choice in transportation, including their decision to choose JetBlue Airlines over other airlines. Competition creates options for consumers, leading to a more diverse range of choices. In the case of JetBlue Airlines, consumers may consider factors such as pricing, flight routes, amenities, customer service, and reputation when comparing it to other airlines. The presence of competition encourages airlines to differentiate themselves and offer unique value propositions to attract and retain customers. It drives innovation and improvement in service quality, as airlines strive to gain a competitive edge. Ultimately, competition fosters a consumer-centric environment, where consumers have the power to choose the airline that best aligns with their preferences and needs.

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(Financing Component) On Jan. 1, 20x1, ABC Co. enters into a Contract with a customer to transfer a license for a fixed fee of P100,000 payable as follows: a. 20% upon signing of contract. b. Balance due in 4 equal annual installments starting Dec. 31, 20x1. The discount rate is 12%. ABC incurs direct contract costs of P20,000 in 20x1. ABC transfers the license to the customer on Jan. 3, 20x2. The license provides the customer with the right to use ABC's intellectual property as it exists at grant date. Requirement: Compute for the profits in 20x1 and 20x2 respectively.

Answers

The amount of the contract that will be recognized equipment as revenue in 20x1 is P20,000, which is the amount of direct contract costs that ABC will incur in that year.

The rest of the P80,000 (P100,000 - P20,000) will be deferred as unearned revenue since the service is not yet performed.

In 20x2, ABC will recognize P30,384 of the P80,000 deferred revenue. P30,384 was calculated by using.

The deferred revenue balance of P80,000, less the initial payment of P20,000, times the present value of annuity of P1 at 12 percent for four years.

The revenue for 20x2 would be calculated as follows:

= P80,000 - P20,000

= P60,000

= P60,000 x 0.45639 (present value of annuity of P1 for four years at 12 percent)

= P27,383

= P27,383 - P4,999 (deferred revenue balance)

= P22,384P22,384 + P8,000 (second installment of payment)

= P30,384 ABC will recognize the remaining deferred revenue of

=P50,616 (P80,000 - P30,384) as revenue in 20x3 to = 20x5.

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After reading Chapter 2 and watching the video lecture, discussa time at work or home when you employed a scientific managementstyle to accomplish a task or project. Explain with examples. about 96% of the population have iq scores that are within _____ points above or below 100. 30 10 50 70 A capacitor is discharged through a 20.0 resistor. The discharge current decreases to 22.0% of its initial value in 1.50 ms.What is the time constant (in ms) of the RC circuit?a) 0.33 msb) 0.67 msc) 1.50 msd) 3.75 ms Name three casino games that are pure chance and three that involve an element of skill. And explain.Please type down 600 -800 words. Thank you!!! Which one of the following solutions would be the most basic? A) NaCN B) NaNO C) HONH D) HNNH A Grignard reaction will fail in the presence of which species? A diethyl ether B alkenes C aromatic groups D water adler (1929), identified empathy as: knowing what is in the eyes of another and knowing exactly what is in the heart of another. 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