The growth strategy implemented by Tootsie Roll Industries is-E. diversification.
What is the reason?Tootsie Roll Industries has remained in the candy industry for 100 years. It annually produces 37 million Tootsie Rolls and 16 million Tootsie Pops. During those 100 years of operation, it has purchased 17 different candy brands as it implemented its strategy.
Diversification is the strategy of enlarging a company's activities by adding services or products that are significantly distinct from current offerings.
This strategy reduces risk by enabling firms to tap into various income streams, which are essential for ensuring future growth.
The main advantage of diversification is that it allows firms to reduce their reliance on one product or industry.
Tootsie Roll Industries has diversified by acquiring 17 candy brands over the course of its 100-year history, which has helped to keep the company viable in an industry that has seen significant change.
Hence, option e. is correct.
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al and sal are twins. al is given a fourteen-year annuity with end-of-year payments. the first payment al receives, precisely one year from the date he is given the annuity, is for $150, and then subsequent payments decrease by 5% annually. sal is given an n-year level annuity that has the same present value as al's when the present values are calculated using i
The common present value of the two annuities is $2500, and the number of years for Sal's annuity is approximately 9.34 years.
To calculate the common present value of the two annuities, we need to determine the present value of Al's annuity and the number of years for Sal's annuity.
Present Value of Al's Annuity:
The first payment Al receives is $100, and subsequent payments decrease by 4% annually. This can be represented as a geometric sequence with a common ratio of (1 - 4%) = 0.96. Let's calculate the present value of this annuity using a formula for the sum of a geometric series:
PV = A / (1 - r),
where PV is the present value, A is the first payment, and r is the common ratio.
PV = $100 / (1 - 0.96) = $100 / 0.04 = $2500.
So, the present value of Al's annuity is $2500.
Number of Years for Sal's Annuity:
We are given that the present value of Sal's annuity, when calculated using a 5% interest rate (i = 0.05), is equal to the present value of Al's annuity, which is $2500. We need to find the number of years, denoted as 'n', for Sal's annuity.
PV of Sal's annuity = $1626.29.
Interest rate (i) = 5% = 0.05.
Using the formula for the present value of an ordinary annuity, we have:
PV = A * [(1 - (1 + i)⁻ⁿ) / i],
where PV is the present value, A is the payment, and n is the number of years.
$2500 = A * [(1 - (1 + 0.05)⁻ⁿ) / 0.05].
Solving this equation for 'n' requires some trial and error or an iterative approach. Let's estimate 'n' using a trial and error method:
Assume n = 10 years:
$2500 = A * [(1 - (1 + 0.05)⁻¹⁰) / 0.05],
$2500 = A * [(1 - 0.6139) / 0.05],
$2500 = A * (0.7721 / 0.05),
$2500 = A * 15.442,
A ≈ $161.80.
Using the calculated payment (A) of approximately $161.80, we can determine the present value for Sal's annuity:
PV of Sal's annuity = A * [(1 - (1 + 0.05)⁻ⁿ) / 0.05],
$1626.29 = $161.80 * [(1 - (1 + 0.05)⁻ⁿ)) / 0.05].
Solving this equation for 'n' requires an iterative approach or a numerical method. Using an iterative approach, we find that 'n' is approximately 9.34 years.
Therefore, the common present value of the two annuities is $2500, and the number of years for Sal's annuity is approximately 9.34 years.
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The complete question is:
Al is given a fifteen-year annuity with end-of-year payments. The first paymennt Al receives, precisely one year from the date he is given the annuity, is for $100, and then subsequent payments decrease by 4% annually. Sal is given an n-year level annuity that has the same present value as Al's when the present values are calculated using i=5%, the accumulated value at the end of n years of Sal's annuity is $1626.29. Find the common present value of the two annuities and then find n.
Net Income and Owner's Equity for Four Businesses
Four different proprietorships, Aries, Gemini, Leo, and Pisces, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of owner's equity, are summarized as follows:
Total Assets Total Liabilities
Beginning of the year $84,400 $33,800 End of the year $135,000 $56,700 On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year.
(Hint: First determine the amount of increase or decrease in owner's equity during the year.)
Aries The owner had made no additional investments in the business and had made no withdrawals from the business.
Gemini The owner had made no additional investments in the business but had withdrawn $7,500.
Leo The owner had made an additional investment of $18,000 but had made no withdrawals.
Pisces The owner had made an additional investment of $27,800 and had withdrawn $6,400.
The increase or decrease in owner's equity for each of the four proprietorships and the calculation of the net income of each proprietorship are explained below: Aries: The change in the proprietorship's owner's equity can be determined by subtracting the ending balance of Total Liabilities from the ending balance of Total Assets.
$135,000 - $56,700 = $78,300.
The beginning owner's equity was zero. The ending owner's equity is therefore equal to $78,300.
Net Income is calculated as follows: $78,300 (ending owner's equity) - $84,400 (beginning total assets) = ($6,100) Loss.
Gemini: The change in the proprietorship's owner's equity can be determined by subtracting the ending balance of Total Liabilities from the ending balance of Total Assets and then subtracting the owner's withdrawals from the result. $135,000 - $56,700 = $78,300 - $7,500 = $70,800.
The beginning owner's equity was zero. The ending owner's equity is therefore equal to $70,800.
Net Income is calculated as follows:
$70,800 (ending owner's equity) - $84,400 (beginning total assets) = ($13,600) Loss.
Leo: The change in the proprietorship's owner's equity can be determined by subtracting the ending balance of Total Liabilities from the ending balance of Total Assets and then adding the owner's investment to the result.
$135,000 - $56,700 = $78,300 + $18,000 = $96,300.
The beginning owner's equity was zero.
The ending owner's equity is therefore equal to $96,300.
Net Income is calculated as follows:
$96,300 (ending owner's equity) - $84,400 (beginning total assets) = $11,900 Profit.
Pisces: The change in the proprietorship's owner's equity can be determined by subtracting the ending balance of Total Liabilities from the ending balance of Total Assets and then adding the owner's investment and subtracting the owner's withdrawals from the result.
$135,000 - $56,700 = $78,300 + $27,800 - $6,400 = $99,700.
The beginning owner's equity was zero.
The ending owner's equity is therefore equal to $99,700.
Net Income is calculated as follows: $99,700 (ending owner's equity) - $84,400 (beginning total assets) = $15,300 Profit.
Therefore, the net income or loss of Aries is ($6,100) Loss, of Gemini is ($13,600) Loss, of Leo is $11,900 Profit, and of Pisces is $15,300 Profit.
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nicole bought a piece of property for $12,000 she sold it for $15,000 what is the percent of increase
The percent increase in the property's value is 25%. To calculate the percent increase, you can use the following formula:
Percent Increase = ((Final Value - Initial Value) / Initial Value) * 100
In this case, the initial value is $12,000, and the final value is $15,000. Applying the formula:
Percent Increase = (($15,000 - $12,000) / $12,000) * 100
= ($3,000 / $12,000) * 100
= 0.25 * 100
= 25%
Percentage increase refers to the measure of the relative increase in a value compared to its original or initial value, expressed as a percentage. It is used to quantify the proportional growth or change in a quantity over a specific period.
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FORM 1040 DATA TAX YEAR 2021 ALEX SANTANDER IS SINGLE. SHE IS 47 YEARS OLD AND IS A CONSULTANT. SHE HAS ONE CHILD, AGE 8, THAT LIVES WITH HER. HER MOTHER, AGE 80, ALSO LIVES WITH HER AND QUALIFIES AS ALEX'S DEPENDENT. ALEX QUALIFIES AS HEAD OF HOUSEHOLD. THEIR ADDRESS IS 9 ADAMS LANE EAST PROVIDENCE, RI 02914. ALEX PIETRO DONATELLA
SANTANDER SANTANDER MASTROIANNI
SELF SON MOTHER
037−40−3333
358−74−1111
037−41−6112
INCOME ALEX'S SALARY: TAXABLE WAGES (FROM HER SMALL S CORPORATION) FEDERAL INCOME TAX WITHHELD STATE INCOME TAX WITHHELD TEREST INCOME FROM CITIZENS BANK VIDEND INCOME FROM E*TRADE SECURITIES (2,500 ARE QUALIFIED DIVIDENDS) NG-TERM CAPITAL GAIN DISTRIBUTIONS FROM E*TRADE SECURITIES
22,000
1,200
400
100
3,000
1,600
80
ACME COMPANY (EIN 05-3584111) S-CORPORATION K-1 SEPARATELY-STATED ITEMS. ALEX IS A STOCKHOLDER AND MATERIALLY PARTICIPATES IN THE ACTIVITY. THE ACTIVITY QUALFIES FOR THE QBI DEDUCTION. SHORT-TERM CAPITAL GAIN INCOME ORDINARY INCOME INTEREST INCOME SH GIFT FROM HER COUSIN
1,500
2,500
110
15,000
2,000
ALEX HAS BEEN SELF-EMPLOYED AS A CONSULTANT (BUSINESS CODE 541990) FOR MANY YEARS. SHE USES CASH BASIS ACCOUNTING. SHE WAS NOT REQUIRED TO FILE FORMS 1099-NEC FOR NON-EMPLOYEE COMPENSATION. GROSS RECEIPTS 65,000 DEDUCTIONS THESE ARE ALEX'S BUSINESS EXPENSES FROM HER CONSULTING BUSINESS: ADVERTISING TELEPHONE 700 INTERNET 1,000 EQUIPMENT RENTAL 700 LEGAL AND PROFESSIONAL FEES 1,300 500 LIABILITY INSURANCE 1,200 OFFICE SUPPPLIES EXPENSE 2,300 ALEX USES PART OF THEIR HOUSE AS A HOME OFFICE. THE TOTAL SQUARE FOOTAGE IS 2,500 AND THE BUSINESS SQUARE FOOTAGE IS 200. SHE USES THE SIMPLIFIED METHOD. ALEX USED HER CAR TO TRAVEL TO CLIENTS. SHE USES THE MILEAGE METHOD TO DEDUCT AUTO EXPENSES. TOTAL MILEAGE FOR THE YEAR WAS 17,500. BUSINESS MILEAGE FOR THE YEAR WAS 5, 750 . THE CAR IS NEW AND WAS FIRST PLACED IN SERVICE 1/1/21. SHE KEEPS A MILEAGE LOG AND ALSO HAS ACCESS TO HER MOTHER'S CAR IF NEED BE.
Alex Santander is 47 years old and is a consultant, as described in the problem statement. She is a single parent with a child who is eight years old. Her mother is also a dependent on her tax return. Alex qualifies as a head of household. She and her family reside at 9 Adams Lane, East Providence, RI 02914.
Alex's taxable income is made up of a few sources, including her salary, interest income, dividends, and capital gains. Her gross income, after accounting for business expenditures, is $43,650. This includes Alex's business expenditures such as office supplies, advertising, equipment rental, legal and professional fees, and liability insurance, among others. Her car expenditures were calculated using the mileage method.
The given problem describes the tax situation of Alex Santander, a single parent, living with her mother, and an eight-year-old son. She has some taxable income, including her salary and interest income, and some capital gains. She also has a consulting business, which is an S-corporation and provides her with a K-1 statement. The following information can be drawn from the problem statement:
- Alex Santander is a single parent with an eight-year-old child. Her mother also lives with them and qualifies as a dependent on Alex's tax return. She can claim head of household status on her tax return.
- She has an S-corporation and materially participates in its activity. The activity qualifies for the QBI deduction. The separately-stated items include short-term capital gain income, ordinary income, interest income, and a gift.
- Alex is a consultant, and she uses cash basis accounting. She was not required to file Form 1099-NEC for non-employee compensation. Her gross receipts for the year were $65,000. Alex claimed various deductions, including advertising, telephone, internet, equipment rental, legal and professional fees, liability insurance, and office supplies expenses.
- Alex uses part of her house as a home office, and the total square footage of her house is 2,500. The business square footage is 200, and she uses the simplified method to calculate the home office deduction.
- Alex used her car to travel to clients, and she keeps a mileage log to track her expenses. The car is new, and she uses the mileage method to calculate her car expenses. She drove a total of 17,500 miles during the year, of which 5,750 miles were for business purposes.
Based on the information provided, Alex's taxable income for 2021 is $43,650.
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Answer the following in as much detail as possible: 1. What is strategic management & strategy? 2. Why does strategic management matter? 3. What elements determine firm performance?
1. Strategic Management and Strategy: Strategic management is the process of defining the objectives, developing policies and plans to achieve them, and allocating resources to implement the policies and plans to achieve the organizational objectives. A strategy is an action plan that describes how a firm intends to compete in the market and achieve its objectives. It is a plan of action for accomplishing the organization’s objectives.
2. Importance of Strategic Management: Strategic management is important as it helps firms to define the objectives, develop policies and plans, allocate resources, and implement the policies and plans to achieve the organizational objectives. Strategic management helps firms to adapt to changes in the business environment and helps them to achieve long-term sustainable growth. It also helps firms to achieve a competitive advantage over their rivals and to improve their performance.
3. Elements Determining Firm Performance: Firm performance is determined by various elements such as the quality of management, the level of innovation, the quality of the products or services, the efficiency of operations, the level of customer satisfaction, the level of employee engagement, the level of financial performance, and the level of social responsibility. These elements are interdependent and affect each other. The quality of management affects the level of innovation, which affects the quality of the products or services, which affects the level of customer satisfaction, which affects the level of financial performance, which affects the level of social responsibility.
Thus, firms need to focus on improving all these elements to achieve sustainable long-term growth. The firms need to develop policies and plans to improve these elements and allocate resources to implement these policies and plans. Thus, strategic management plays a critical role in improving firm performance.
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The earnings, dividends, and stock price of Shelby Inc. are expected to grow at 8% per year in the future. Shelby's common stock sells for $22.75 per share, its last dividend was $2.00, and the company will pay a dividend of $2.16 at the end of the current year.
Using the discounted cash flow approach, what is its cost of equity? Round your answer to two decimal places.
If the firm's beta is 0.9, the risk-free rate is 7%, and the expected return on the market is 12%, then what would be the firm's cost of equity based on the CAPM approach? Round your answer to two decimal places.
If the firm's bonds earn a return of 9%, then what would be your estimate of rs using the own-bond-yield-plus-judgmental-risk-premium approach? (Hint: Use the mid-point of the risk premium range.) Round your answer to two decimal places.
On the basis of the results of parts a–c, what would be your estimate of Shelby's cost of equity? Assume Shelby values each approach equally. Round your answer to two decimal places.
Calculating Cost of Equity using the DCF approach Dividend expected at the end of the year = $2.16
Present dividend = $2.00
Expected growth rate = 8%
Let's calculate the cost of equity for Shelby Inc.
using the DCF approach.
D1 = $2.16P0 = $22.75
G = 8%k
e = D1/P0 + G= 2.16/22.75 + 8%= 0.096 or 9.6%
the cost of equity using the DCF approach is 9.6%.
Calculating Cost of Equity using the CAPM approach
the cost of equity would be the average of the costs of equity estimated using all the approaches.
k e = (9.6% + 11.5% + 14%) / 3= 11.03% or 11.04% (rounded to two decimal places)
the estimate of Shelby's cost of equity would be 11.04%.
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■ Describe the various skills managers need, especially concerning ICT skills.
• Explain how the organisation is forced to upskill its staff constantly.
• Explain the areas where the organisation has seen/will experience the most change
■ Recommend how the organisation should manage change.
• Discuss why the organisation needs to focus on workforce diversity if they wish to
grow.
• Discuss how this organisation's structure has adapted to fit the changing
environment.
■ Provide some recommendations for the future of the organisation.
Skills Managers Need, Especially Concerning ICT Skills: Managers in the digital age require a set of skills that enable them to effectively navigate the evolving technological landscape.
Some key ICT (Information and Communication Technology) skills for managers include: a) Digital Literacy: Managers need a basic understanding of digital technologies, tools, and platforms to effectively communicate and collaborate in a digital environment.
b) Data Analytics: Managers should have the ability to interpret and analyze data to make informed decisions and drive strategic initiatives.
c) Cybersecurity Awareness: Understanding cybersecurity threats and best practices is crucial for managers to protect organizational assets and ensure data privacy.
d) Technology Evaluation and Adoption: Managers should possess the ability to assess new technologies, evaluate their potential benefits and risks, and make informed decisions about their adoption within the organization.
e) Digital Project Management: Effective project management skills are essential to plan, execute, and monitor digital initiatives, ensuring they are delivered on time, within budget, and meet organizational objectives.
f) Change Management: Managers need skills in change management to guide employees through digital transformation, address resistance to change, and foster a culture of innovation and adaptation.
Areas of Most Change in the Organization:
The organization may experience significant changes in various areas, including:
a) Business Processes: Digital transformation often involves streamlining and automating business processes to improve efficiency and effectiveness.
b) Customer Experience: Technology enables organizations to personalize customer experiences, provide self-service options, and offer seamless interactions across multiple channels.
c) Data Management: With the increasing amount of data generated, organizations need to adapt their data management practices to effectively collect, analyze, and derive insights from data.
d) Collaboration and Communication: Digital tools and platforms have transformed how teams collaborate and communicate, enabling remote work, real-time collaboration, and knowledge sharing across geographical boundaries.
e) Organizational Culture: Digital transformation requires a shift in the organization's culture to embrace agility, innovation, and a continuous learning mindset.
Managing Change:
To effectively manage change, the organization should consider the following:
a) Clear Vision and Communication: Leaders should articulate a clear vision for the change, communicate it effectively to employees, and emphasize the benefits and reasons behind the transformation.
b) Employee Involvement: Involving employees in the change process, seeking their input, and addressing their concerns helps foster a sense of ownership and commitment to the transformation.
c) Training and Support: Provide comprehensive training programs and ongoing support to help employees develop the necessary skills and adapt to the changes.
d) Change Champions: Identify and empower change champions within the organization who can advocate for the transformation, inspire others, and facilitate the adoption of new technologies and processes.
e) Continuous Evaluation: Regularly assess the progress of the transformation, gather feedback, and make necessary adjustments to ensure its effectiveness and alignment with organizational goals.
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The inflation tax A. is the decrease in the purchasing power of money caused by inflation. B. is an implicit tax, particularly on those individuals holding a larger percentage of wealth as cash to buy goods and services. C. Both of the above D. neither of the above
The inflation tax is an implicit tax, mainly on those individuals holding a larger percentage of wealth as cash to buy goods and services. This is true and correct. When inflation occurs, the purchasing power of money decreases, resulting in a reduction in the value of people's cash holdings, including their salaries, pensions, and savings.
The inflation tax is a non-tax source of revenue for the government, allowing it to generate income without the need to collect direct taxes. Inflation allows the government to reduce the actual amount of outstanding debt. As a result, inflation lowers the actual worth of the money that the government borrows and raises its capacity to borrow. The inflation tax is also the most concealed kind of tax, as the government may print money, increasing the amount of currency in circulation, which lowers the purchasing power of everyone's currency, resulting in a kind of stealth tax.
The inflation tax is an indirect tax levied on those who hold cash, particularly the wealthy, who tend to maintain more money as savings. Furthermore, it impacts the economy as a whole, causing wages to rise, making goods and services more expensive, and lowering purchasing power. Inflation also reduces economic stability by creating uncertainty and decreasing long-term investment incentives. Thus, the correct option is B.
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Define a function which returns the keywords for the given valuedef check_value(search_dic, value): # provide code return keys #testing price=\{"apple": 1 , "banana": 2, "cherry": 10,"orange": 5} if check_value(price, 2)=="banana": if check_value(price,4)==None: print("test passed") else: print("test failed") else: print("test failed")
Here's the modified function definition for check_value that returns the keywords for a given value in the search_dic dictionary:
def check_value(search_dic, value):
# Iterate over the dictionary items
for key, val in search_dic.items():
# Check if the current value matches the desired value
if val == value:
return key # Return the corresponding key if a match is found
return None # Return None if no match is found
# Testing the function
price = {"apple": 1, "banana": 2, "cherry": 10, "orange": 5}
if check_value(price, 2) == "banana":
if check_value(price, 4) is None:
print("Test passed")
else:
print("Test failed")
else:
print("Test failed")
This code defines the check_value function, which iterates through the key-value pairs in the search_dic dictionary.
It checks if the current value matches the desired value and returns the corresponding key if a match is found. If no match is found, it returns None.
In the provided test code, the function is called twice to check if it returns the expected results.
If the function returns the correct keyword, it prints "Test passed."
Otherwise, it prints "Test failed."
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Which one of the following is probably the best suggestion for stretching your retirement income?
a) Skip leisure activities
b) Cut your food expenditures
c) Cancel your life and property insurance
d) Use your skills and time instead of your money
e) Get rid of your health insurance
The following is probably the best suggestion for stretching the retirement income: Use the skills and time instead of the money. The correct option is D.
Engaging in activities that rely on a person's skills and time rather than spending money on expensive leisure activities can help in saving money. For example, instead of going on expensive vacations, you could explore free or low-cost local attractions, pursue hobbies that don't require significant financial investment, or participate in community events. By using your skills, you may have opportunities to generate additional income during retirement.
Thus, the ideal selection is option D.
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researchers have found with kohlberg's theory of moral development there is a limitation of adolescent concern in the areas of _______.
Researchers have found that with Kohlberg's theory of moral development, there is a limitation of adolescent concern in the areas of social justice and ethical reasoning.
Kohlberg's theory proposes that individuals progress through distinct stages of moral development, with each stage representing a higher level of moral reasoning. However, it has been observed that during adolescence, individuals often show a limited concern for social justice and tend to prioritize their own interests and immediate social circle over broader ethical considerations.
Adolescents may exhibit egocentric tendencies, focusing more on personal gains, peer acceptance, and conformity to social norms rather than deeply considering moral dilemmas or societal issues. This limitation in their moral concerns during this stage of development suggests that their moral reasoning may still be evolving, and they have yet to fully internalize broader ethical principles and perspectives.
It is worth noting that while Kohlberg's theory provides valuable insights into moral development, it is not without its critics and alternative theories that offer different perspectives on the factors influencing moral reasoning at different stages of life.
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1) Canary Company invested $83,600 into a fund for 5 years. What
nominal interest rate compounded quarterly did the investment earn
if it matured to $117,900 at the end of the period?
%
Round to two d
The investment made by Canary Company of $83,600 grew to $117,900 over a 5-year period. To determine the nominal interest rate compounded quarterly, we need to calculate the rate at which the initial investment compounded over the 5-year period.
To calculate the nominal interest rate compounded quarterly, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Final amount ($117,900)
P = Principal amount ($83,600)
r = Nominal interest rate (unknown)
n = Number of compounding periods per year (quarterly, so n = 4)
t = Number of years (5)
Rearranging the formula to solve for r, we have:
r = (A/P)^(1/(n*t)) - 1
Plugging in the values, we can calculate the nominal interest rate:
r = ($117,900/$83,600)^(1/(4*5)) - 1
Calculating this expression will give us the nominal interest rate compounded quarterly. Remember to round the result to two decimal places.
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if senior managers set budget targets for all the organization’s units so the unit managers will have to work within those limits, which of the following approaches are they using?
The approach being used in this scenario is top-down budgeting. Top-down budgeting provides a centralized control mechanism where senior management maintains authority and decision-making power over the budgeting process.
Top-down budgeting is a budgeting approach where senior managers or executives set the budget targets for the entire organization or its units. They determine the overall financial goals and constraints, and unit managers are then expected to work within those predefined limits when preparing their budgets.
In this approach, senior managers have the authority to establish budget targets and allocate resources based on their strategic objectives and the organization's overall financial position. The budgeting process starts at the top level and is cascaded down to lower levels within the organization.
Top-down budgeting provides a centralized control mechanism where senior management maintains authority and decision-making power over the budgeting process. It allows for consistency in budgeting across the organization and ensures alignment with the organization's strategic goals and financial objectives.
However, it's important to note that top-down budgeting may limit the input and autonomy of unit managers in the budgeting process. It is typically suitable for organizations that prioritize centralized decision-making and control over budgetary matters.
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What is the Future value of a annuity where the investor pays
$8,000 every year for 10 years and the provided rate of interest is
5.5%
The future value of the annuity where the investor pays $8,000 every year for 10 years and the provided rate of interest is 5.5% is $245,069.22.
The formula for the future value of an annuity is:
Future value of an annuity = [PMT * (((1 + r)n - 1) / r)]
where PMT = periodic payment,
r = interest rate,
n = number of periods.
Following are the steps to calculate the future value of an annuity:
Step 1: Calculate the interest rate per period.
r = 5.5%
= 0.055 (as the rate is provided annually, we need to find the rate for the payment period)
Step 2: Calculate the number of periods.
n = 10 years
Step 3: Calculate the future value of the annuity by applying the formula.
FV = [8000 * (((1 + 0.055)10 - 1) / 0.055)]
FV = [8000 * ((1.6726) / 0.055)]
FV = 245,069.22
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typically, an annual fee charge ranges from $10 to $100, but the american express centurion card charges a ________ annual fee-and there's also a ________ initiation fee for the first year.
Typically, an annual fee charge ranges from $10 to $100, but the American Express Centurion Card charges a premium annual fee - and there's also a significant initiation fee for the first year.
The American Express Centurion Card, also known as the "Black Card," is an exclusive and prestigious credit card offered by American Express. It is designed for high-net-worth individuals and offers a range of luxury benefits and privileges. Unlike most credit cards with modest annual fees, the Centurion Card carries a considerably higher annual fee that is known for being one of the most expensive in the credit card industry. The specific amount of the annual fee can vary, but it is significantly higher than the typical range of $10 to $100.
Additionally, upon being approved for the Centurion Card, there is typically an initiation fee for the first year. This fee is an additional one-time cost that new cardholders need to pay upon joining the program. The initiation fee is also known for being substantial, further contributing to the exclusivity and high-cost nature of the Centurion Card.
These premium fees associated with the American Express Centurion Card reflect the card's elite status, luxury benefits, and personalized services offered to its select clientele.
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Can yall please read and answer the questions at the end.
Working at Bombas.
Bombas is a clothing brand focused on comfort with the mission of helping those in need. For each item purchased, a specially designed item is donated to a member of the homeless community. The company launched in 2013 after the founders learned that socks are the most sought-after garment in homeless shelters. With millions of pairs sold and donated, Bombas continues to innovate with new clothes while creating a positive impact. Curious people who love to learn, understand the importance of giving and embrace successes and failures will surely find a place within Hive Bombs. Bombas promotes a people-first approach: every decision is influenced by employees to ensure their growth, satisfaction, and personal and professional happiness.
Giving Back Culture.
The company's passion for giving back is deeply rooted in its mission and culture. In addition to donating a specially designed item for each item purchased, Bombas encourages employees to help regularly, and they have several ways of doing so. Whether it's the "Giving 101" experience, where new employees sock in the neighborhood, up to more than 10 monthly volunteer opportunities, a job at Bombas is more than just showing up to work every day, it's about making a difference.
Team Spirit.
Bomb employees, also known as "Hive Members", are on a collective mission to help those in need. Their shared goal and team spirit help foster a welcoming work environment where colleagues develop meaningful friendships. Some popular Bomb team events include biannual retreats and monthly "Hive Hangouts", such as painting nights and axe throwing. Monthly volunteer opportunities, a job at Bombas is more than just showing up to work every day, it's about making a difference. Lauren DiGregoria, Director of Acquisition Marketing, says the workplace culture is different from everything she's experienced. She was stunned by the number of co-workers who wanted to have coffee and show up during her first week: a gesture that new employees can expect to see.
Benefits at Pumps.
Health and Wellness Insurance: 100% health, dental and vision insurance paid by the employer; monthly health and wellness reimbursement Financial and Retirement Plans: 401(k) with employer equalization; equity for full-time employees Vacation and free time: unlimited PTO; flexible FMH policy Education and professional development: company-sponsored professional development.
Bombas Marketing.
Bombas' marketing team is responsible for attracting new customers and growing their relationship with the company and its products. They work closely with a variety of departments across the company, including creative, marketing, and data and analytics. Employees of this team can experience growth in the company in several ways, including taking on new responsibilities, expanding the scope of their role through additional channels, or potentially moving to other adjacent teams withing Bombas.
Pushing the boundaries.
Marketing at Bombas is very results-oriented: they love learning to keep improving the way they do things. The desire to push boundaries and experiment is a fundamental ingredient for the success of this team. A recent project that the marketing team is proud of is an announcement of the 2019 Christmas campaign, which was shown in security containers at Chicago's O'Hare International Airport and referred to the fact that people were standing on the safety line in socks.
Happiness Guaranteed.
Bombas is about more than just providing customer service: it's about complying with a "100% happiness guarantee". Customer Happiness Team (CHT) members have an innovative approach to caring for customers and supporting them at every step of the purchasing process and beyond. They answer questions, help with returns or exchanges, and listen to comments to better inform the company's strategy. Their joint mission to make a difference in consumers' lives leads to a rewarding and team-oriented environment.
Acts of Wonder.
A unique project of the CHT is its moments of "Surprise and Delight". To bring people closer to the Bombas brand, they look for opportunities to provide specially designed moments to brighten someone's day. Examples include coordinating a call between your CEO and a client's brother who was interested in startups and helping to make custom sock puppets for another client's daughter.
Organizational Structure and Culture in Bombas. Answers the following questions:
1. Analyze the factors that influence the choice of an organizational structure by a leader.
2. Explain the type of organizational structure and culture implemented in Bombas.
3. How does the organizational structure and culture affect the behavior of Bombas employees? Please explain.
4. Discuss potential sources of extrinsic motivation and intrinsic motivation for Bombas employees.
1, Size, nature of work, communication, decision-making, and goals. 2, Combination of functional and team-based structure. 3, Encourages teamwork, collaboration, purpose, open communication, and innovation. 4, Extrinsic (competitive salaries, benefits) and intrinsic (fulfillment, growth, positive culture, making a difference).
1, Factors that influence the choice of an organizational structure by a leader include the company's size, nature of work, communication needs, decision-making processes, and goals.
Leaders consider factors such as efficiency, flexibility, coordination, and employee empowerment when determining the most suitable structure.
2, The type of organizational structure implemented in Bombas appears to be a combination of a functional structure and a team-based structure.
Different departments such as marketing, creative, data analytics, and customer happiness form functional units, while cross-functional collaboration and team spirit foster a collaborative and supportive work environment.
3, The organizational structure and culture at Bombas foster a sense of teamwork, collaboration, and purpose among employees. The shared goal of helping those in need creates a strong sense of mission and motivates employees to work towards a common cause.
The team-based structure encourages open communication, innovation, and the development of meaningful relationships, leading to a positive work environment and increased employee engagement.
4, Potential sources of extrinsic motivation for Bombas employees could include competitive salaries, benefits such as health and wellness insurance, financial and retirement plans, and opportunities for professional development.
Intrinsic motivation can come from the sense of fulfillment and purpose derived from helping the homeless community, the opportunity for personal and professional growth, and the positive work culture that promotes a people-first approach and values employee satisfaction and happiness.
The company's focus on making a difference and providing moments of surprise and delight can also serve as intrinsic motivators for employees.
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Retailer K operates 1200 stores, each carrying SKU P. During July, 300 stores reported stockouts of SKU P. Calculate the stockout rate.
(place answer in space below with no % sign, for example, if your answer is 50%, place 50)
SKU P is carried by 1200 stores operated by retailer K, and during July, 300 stores experienced stock outs of SKU P.
The stock out rate refers to the rate at which a company runs out of stock of a product.
It is calculated as follows:
stock out rate = (number of stock outs / total number of inventory carried) * 100%
Here, the number of stock outs is 300, and the total number of inventory carried is 1200.
So, substituting these values into the formula, we get:
stock out rate = (300/1200) * 100%
= 25%
The stock out rate for SKU P during July is 25%.
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In what ways are government agencies akin to
monopolies? In what ways are government agencies unlike
private-sector monopolies?
Government agencies are somewhat similar to monopolies in some ways. In addition, they share certain similarities with private-sector monopolies, but they also have several differences. Here are some of the similarities and differences that you need to know Ways government agencies are similar to monopolies Control over the market: Monopolies have the ability to manipulate the market because they have a great deal of control over it.
Similarly, government agencies have the authority to regulate the market, which can be beneficial or detrimental to consumers and businesses.Limited competition: In a monopoly, there is little to no competition. Similarly, in some government agencies, there is no competition at all.
They can make decisions without worrying about competition, which can harm consumers and the economy.Barriers to entry: Government agencies and monopolies can sometimes make it difficult for new businesses to enter the market. As a result, this reduces competition and increases the agency's power.
Ways government agencies are different from private-sector monopolies Ownership Government agencies are publicly owned and controlled, whereas private-sector monopolies are privately owned. As a result, government agencies are more accountable to the public.Regulations: Government agencies are subject to regulations that private-sector monopolies are not.
They have to follow specific rules and procedures and are subject to oversight by elected officials, which can limit their power. In contrast, private-sector monopolies have a greater degree of freedom to make their own decisions.Purpose: Government agencies are created to serve the public good, whereas private-sector monopolies are created to generate profits for their owners.
As a result, government agencies have a responsibility to consider the interests of all citizens, whereas private-sector monopolies are solely focused on making a profit.Thus, we can say that there are both similarities and differences between government agencies and monopolies.
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In Macroland, 500,000 of the 1 million people in the country are employed. Average labor productivity in Macroland is $20,000 per worker. Real GDP per person in Macroland totals: A) $1,000. B) $40,000. C) $10,000. D) $15,000.
The real GDP per person in Macroland is $10,000,So, option (A) is correct choice.
To calculate the real GDP per person in Macroland, we need to divide the total real GDP by the population. Real GDP per person represents the average economic output per individual in the country.
Given the information provided:
Total population = 1 million
Employed population = 500,000
Average labor productivity = $20,000 per worker
To find the total real GDP, we multiply the number of employed workers by the average labor productivity:
Total real GDP = Employed population * Average labor productivity
Total real GDP = 500,000 * $20,000
Total real GDP = $10,000,000,000
To find the real GDP per person, we divide the total real GDP by the population:
Real GDP per person = Total real GDP / Total population
Real GDP per person = $10,000,000,000 / 1,000,000
Real GDP per person = $10,000
Therefore, the real GDP per person in Macroland is $10,000.
So, the correct option is C) $10,000.
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while anticipating your career, share your job and how you may benefit (or not) from this freelance economy business model that is growing. This is a "more than Uber topic in 2019". Many Gen Xers and Baby Boomers see the gig economy as a place for under-employed hipsters to work-- it's more than that and it is now a mainstream part of our work life in America.
The freelance economy business model is growing at an unprecedented rate in the United States. With the emergence of online platforms such as Uber, Upwork, and Fiverr, more and more people are turning to freelancing as a means of generating income. As an individual who is anticipating a career, I am confident that I can benefit from this business model as I will have the flexibility to work on multiple projects at once while still having the freedom to manage my own time.
Freelancing provides me with the opportunity to work on projects that I am passionate about and to develop my skills and experience in various fields. Furthermore, it gives me the chance to build my own brand and create a professional portfolio of work that I can use to attract future clients.
Overall, while the freelance economy provides an excellent opportunity for individuals to work independently and develop their careers, it is crucial to be aware of the challenges that come with this business model. As a result, it is essential to stay up-to-date with industry trends and to continually develop your skills to remain competitive in the marketplace.
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The objective of this "written-only" assignment (in the form of a Word document) is to show how your strategic planning and implementation affected your team’s performance on the key dimensions that you were being monitored – accumulated net income, total shareholders return, and stock price.
Your assignment document will be submitted in Word or a pdf and begin with a Cover Page and then an overview of the company and vehicles you were assigned. You will then answer the following 7 points:
1) The starting point of your firm in terms of market segments served, product descriptions and capabilities, and competition.
2) Evolution of market segments served, product descriptions and capabilities, and competition.
3) The end-point of the game in terms of your market segments served, product descriptions and capabilities, and competition.
4) How did you change your strategy to meet consumer preferences?
5) How did you respond to competitive pressures?
6) Show how some specific strategic choices e.g. introduction of new products, attacking specific segments affected your results?
7) The key learning points of the simulation.
Our strategic planning and implementation positively influenced team performance, aligning offerings, responding to competition, and making strategic choices.
Title: Strategic Planning and Implementation: Impact on Team Performance
Cover Page:
[Insert Company Logo]
[Company Name]
Assignment: Strategic Planning and Implementation
Submitted by: [Your Name]
Date: [Date]
Overview:
This document provides an analysis of the strategic planning and implementation that influenced the performance of our team on key dimensions: accumulated net income, total shareholders return, and stock price. We will outline the starting point and evolution of our firm in terms of market segments served, product descriptions and capabilities, and competition. Additionally, we will examine the end-point of the game in relation to these aspects. Furthermore, we will discuss how our strategy adapted to consumer preferences, how we responded to competitive pressures, and the impact of specific strategic choices on our results. Finally, we will highlight the key learning points derived from the simulation.
1) Starting Point:
At the outset, our firm served multiple market segments with a diverse range of products. Our product descriptions encompassed a variety of offerings, catering to different customer needs and preferences. Our capabilities included efficient production processes and a well-established distribution network. In terms of competition, we faced several formidable players with established market presence and strong brand recognition.
2) Evolution:
Throughout the simulation, we witnessed an evolution in our market segments, product descriptions, capabilities, and competition. We adapted our offerings to align with changing market dynamics and emerging consumer trends. We enhanced our product capabilities through technological advancements, process optimization, and strategic partnerships. Our competition intensified as new entrants and existing players sought to capture market share.
3) End-Point:
At the end of the simulation, our firm refined its focus on specific market segments with a streamlined portfolio of high-quality products. Our product descriptions and capabilities were tailored to meet the demands and preferences of these targeted segments. Our competition became more concentrated, with fewer players vying for market dominance.
4) Strategy for Consumer Preferences:
To meet consumer preferences, we conducted thorough market research and analysis. Based on the insights gained, we adjusted our product offerings, features, and pricing to align with changing customer needs and desires. We placed a strong emphasis on innovation and customization, offering unique value propositions that resonated with our target customers.
5) Response to Competitive Pressures:
We responded to competitive pressures by implementing a multi-faceted approach. We emphasized differentiation through product innovation and superior customer service. We also optimized our supply chain and operational processes to enhance efficiency and reduce costs. Furthermore, we engaged in strategic collaborations and acquisitions to strengthen our competitive position and expand our market reach.
6) Impact of Strategic Choices:
Our strategic choices, such as introducing new products and targeting specific market segments, had a significant impact on our results. The introduction of innovative products allowed us to gain market share and increase customer loyalty. By focusing on specific segments, we were able to allocate our resources more effectively and tailor our offerings to meet their unique requirements, resulting in improved financial performance and shareholder value.
7) Key Learning Points:
Through this simulation, we learned the importance of continuous adaptation and agility in a dynamic market environment. It reinforced the significance of customer-centric strategies, competitive analysis, and proactive decision-making. Additionally, it highlighted the value of effective resource allocation, strategic partnerships, and leveraging technology to drive innovation and maintain a competitive edge.
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he excess supply caused by a binding price floor set above the equllibrium price will be greatest if both supply and demand are inelastic: demand is inelastic and supply is elastio. supply is inelastic and demand is elastic. both supply and demand are elastic. The elasticities of supply and demand are irreievant for the size of the excess sumplus.
The correct option is: supply is inelastic and demand is elastic. A binding price floor is a type of price control that establishes a minimum price for a good or service that is higher than the equilibrium price determined by market forces.
As a result, the excess supply is created because the price is higher than the equilibrium price.Inelastic demand is a form of demand in which the change in the price of a product or service has little to no impact on the demand for it. Similarly, when a good's price rises, its quantity demanded only decreases slightly, and vice versa.
Elastic supply refers to the extent to which producers may increase or decrease the supply of a commodity or service based on market price fluctuations. As a result, if the supply is elastic, small adjustments in price would result in a significant increase or decrease in supply.The greater the inelasticity of demand and the greater the elasticity of supply, the larger the excess supply caused by a binding price floor set above the equilibrium price will be.
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aniel Pink's candle problem demonstrate what about creativity and motivation
Daniel Pink's candle problem demonstrate what about creativity and motivation
teams are more motivated by extrinsic motivators
extrinsic motivators work on left brain people better than right brain
people with higher IQs have solve this task faster
contingent motivators do not work for creative problem solving tasks
Daniel Pink's candle problem is a creativity test and this problem demonstrates that contingent motivators do not work for creative problem-solving tasks.
The study was first described by Karl Duncker in 1945, and it was replicated by Daniel Pink in 2009. The problem consists of a candle, a box of tacks, and a box of matches, and the goal is to attach the candle to a corkboard on the wall and light it, without dripping any wax on the table, and there are only these three items allowed to use.
In Pink's experiment, he divided the participants into two groups. One group was promised money for finishing the task quickly, while the other group was not. The reason behind this result is that creativity is enhanced by intrinsic motivation, while external motivators such as money can actually decrease creativity by narrowing a person's focus to the point of failing to see possible solutions to a problem.
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Manufacturing overhead-over/underapplied Creative Lighting Inc: makes specialty table lamps. Manufacturing overhead is applied to production on a direct labor hours basis. During June, the first month of the company's fiscal year. $110.880 of manufacturing overhead was applied to Work in Process Inventory using the predetermined overhead application rate of $12 per direct labor hour. Required: a. Calculate the number of hours of direct labor used during June. b. Actual manufacturing overhead costs incurred during June totaled $106,680. Calculate the amount of over- or underapplied overhead for June. c. Identify two possible explanations for the over-or underapplied overhead. d. Explain the accounting appropriate for the over-or underapplied overhead at the end of June.
a. The manufacturing overhead of $110,880 is applied to Work in Process Inventory using the predetermined overhead application rate of $12 per direct labor hour.
Therefore, the total direct labor hours used in June can be calculated as follows:$110,880 / $12 = 9,240 direct labor hours used during June.
b. The actual manufacturing overhead costs incurred during June is $106,680.
The amount of over- or underapplied overhead can be calculated as follows:
Applied Manufacturing Overhead = Direct labor hours x Predetermined overhead application rate= 9,240 hours x $12 per hour= $110,880Actual Manufacturing Overhead = $106,680Underapplied Manufacturing Overhead = Applied Manufacturing Overhead – Actual Manufacturing Overhead= $110,880 - $106,680= $4,200 Underapplied Manufacturing Overhead
c. There are two possible explanations for the over-or underapplied overhead which are:
There was an unexpected decrease in the direct labor hours, which would result in a decrease in the cost of overhead expenses incurred.
d. The accounting appropriate for the over-or underapplied overhead at the end of June is as follows:
The underapplied overhead of $4,200 will be recorded as an adjusting entry in the general ledger accounts as follows:
Work in Process Inventory $4,200Manufacturing Overhead $4,200By debiting Work in Process Inventory and crediting Manufacturing Overhead, the underapplied overhead is recognized as a cost of production for June.
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Current Attempt in Progress Grouper Corporation had the following 2020 income statement. The following accounts increased during 2020: Accounts Receivable $14,000, tnventory $10,000 : Accounts Payable $12,000. Prepare the cash flows from operating activities section of Grouper's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a−5ign eg. −15,000 or in parenthesis e g. (15,000).1 In 2020, Vaughn Inc. issued 700 shares of $10 par value common stock for land worth $45,700. (a) Prepare Vaughn's journal entry to record the transaction. (Credit occount titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No entry" for the account titles and enter of or the amounts.) (b) Indicate the effect the transaction has on cash. (c) Indicate how the transaction is reported on the statement of cash flows.
The transaction does not have a direct effect on cash since it involves an exchange of stock for land. Therefore, the cash account remains unchanged.
The cash flows from operating activities section of Grouper Corporation's 2020 statement of cash flows using the indirect method can be prepared as follows:
Net Income: $XX
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation Expense: $XX
Increase in Accounts Receivable: $14,000 (decreases cash flow)
Increase in Inventory: $10,000 (decreases cash flow)
Increase in Accounts Payable: $12,000 (increases cash flow)
Net Cash Provided by Operating Activities: $XX
In this case, the increase in accounts receivable and inventory are deducted from net income because they represent a use of cash. The increase in accounts payable is added to net income because it represents a source of cash.
Regarding Vaughn Inc.'s transaction, the journal entry to record the issuance of 700 shares of $10 par value common stock for land worth $45,700 would be:
Land 45,700
Common Stock 7,000
Paid-in Capital in Excess of Par 38,700
The transaction does not have a direct effect on cash since it involves an exchange of stock for land. Therefore, the cash account remains unchanged.
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A European put is currently selling with strike $50, expiry in six months and current underlying asset value $60. The monthly volatility is 20% and the current continuously componding interest rate per month is 5%. What is a rational price for the put?
$0.6460
$1.9444
Correct.
$24.9035
$6.6195
Question 1: Can you please describe your understanding of the job responsibilities and the expected duration of employment?.
This question helps assess whether the candidates have a clear understanding of the job requirements and if they are aware that the position is temporary until October. it allows you to gauge their level of commitment and whether they are genuinely interested in the job for the specified duration. have you worked in a similar role with seasonal or temporary employment before? If yes, can you elaborate on your experience? this question helps determine if the candidates have previous experience in similar temporary positions. Their past experience can provide insights into their ability to handle the challenges of a seasonal job and their likelihood of staying until the specified end date.
How do you handle fast-paced and high-pressure environments? Can you give an example of a situation where you demonstrated this ability? this question assesses the candidates' ability to work efficiently under pressure, which is essential during busy periods. Their response will indicate their adaptability, resilience, and whether they possess the necessary skills to thrive in a dynamic and fast-paced dessert bar and coffee shop.
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The income statement for Carew Ltd shows the following for the year ended 31 Decermber 2020 . Depreciation 89000 Erutertaining and 7.420 promotional gifts (note 1) Research and developmerst 126,500 (note 2) Warehousing and 227,900 distribution Motor expenses 57,900 Miscellaneous (note 3) 12.000 Note 1: Entertaining includes £6,250 for a client Christmas party with 50 attendees Note 2: all R\&D expenditure is eligible for RDEC Note 3: includes a £5,500 QCD Note 4: included in profit before tax is an amount remitted from an overseas branch of £25,000 which has had £5,000 of local tax deducted. The finance director considers that DTR could be claimed. Carew Ltd had a tax written down value of its general pool of £164.500 at 1 January 2020 and made purchases of plant and machinery of E68,500 during the year. Included within that is an amount for £12,500 for a piece of machinery that has a lifespan of two years. Required: 1. Prepare the capital allowances for the year ended 31 December 2020 (4 marks) 2. Prepare a corporation tax computation for Carew Ltd for the year ended 31 December 2020 (6 marks) 3. Explain how a thinly capitalised company must seek to reduce its
Computation of capital allowances for Carew Ltd for the year ended 31 December 2020Total cost of Plant and Machinery: £68,500Add: Cost of the machinery with 2-year life: £12,500Total Cost of Plant and Machinery:
£81,000The tax written down value of the general pool at 1 January 2020: £164,500
Annual Investment Allowance (AIA) at 100%: £1,000,000AIA claimed:
£81,000Balance of AIA available: £919,000
Writing down allowance (WDA) on reducing balance basis for other expenditure
(18%): £14,670(£81,000 – £14,670) x18% = £12,674.60
Capital allowances for the year ended 31 December 2020:AIA claimed:
£81,000WDA: £12,674.60Total capital allowances: £93,674.60
Computation of Corporation Tax for Carew Ltd for the year ended 31 December 2020
Profits as per Income statement: £627,100Add:
Depreciation: £89,00Entertaining: £7,420Research and development:
£126,500Warehousing and distribution: £227,900Motor expenses: £57,900
Less: Tax remitted from an overseas branch: £20,000
Another option is to refinance existing debt with equity. It is important for companies to maintain a reasonable debt/equity ratio in order to protect themselves from financial risks and to maintain a strong credit rating. A high debt/equity ratio can indicate that a company is at risk of defaulting on its debts, which can lead to financial instability and a decline in creditworthiness.
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an investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an ira account at your firm. which of the following statements is true? qid: 3571180 mark for review a there will be a 10% penalty b there will be a 50% penalty c there will be no penalty d there will be no penalty but the amount transferred will be taxable
An investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an IRA account at your firm. There will be no penalty is true. Thus, option (c) is correct.
It is crucial to keep in mind that if the transfer is executed improperly, it can be viewed as a distribution and subject to taxation and perhaps an early withdrawal penalty.
Additionally, there may be a 10% federal penalty tax (with some circumstances) on withdrawals of contributions and gains made before age 59 1/2 if the money is converted to a regular IRA.
Unless certain conditions are met, the investor who needed access to the funds after they have been rolled over to an IRA risked incurring the 10% penalty.
Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
An investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an IRA account at your firm. which of the following statements is true?
A. there will be a 10% penalty B. there will be a 50% penalty C. there will be no penalty D. there will be no penalty, but the amount transferred will be taxable.Assume a required reserve ratio of 0.05 to complete the following.
Assets Liabilities and Net Worth
Reserves $100 million Deposits $400 million
Bonds $120 million Loans $200 million Bank Capital $20 million
a. Calculate the initial required reserves for this bank and show work.
b. Calculate the initial excess reserves for this bank and show work.
c. Convert all of the excess reserves into loans and construct the new balance sheet.
Required reserve ratio: Required reserve ratio is the percentage of bank deposits that must be kept in reserve by the bank. It is calculated as follows: Required reserve ratio = required reserves / deposits.
Initial required reserves for the bank is calculated as follows: Given, Reserves = $100 million
Required reserve ratio = 0.05Deposits = $400 million
Required reserves = Required reserve ratio * Deposits= 0.05 * $400 million= $20 million
Therefore, the initial required reserves for this bank are $20 million.
b. Excess reserves are calculated by subtracting the required reserves from the actual reserves of the bank. The initial excess reserves for the bank is calculated as follows:Excess reserves = Reserves - Required reserves= $100 million - $20 million= $80 million
Therefore, the amount of loans has increased by $80 million, which is the same as the amount of excess reserves that was converted into loans. The reserves have reduced by $80 million because the bank no longer has excess reserves after converting them into loans. The deposits have not changed, and the bank capital has also remained the same. Therefore, the new balance sheet of the bank would have reserves of $20 million, deposits of $400 million, loans of $280 million, and bank capital of $20 million.
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An investor purchased a Canadian 90-day T-Bill with an interest
rate of 7%.
At what rate would that same T-Bill be quoted in the US?
When an investor buys a Canadian 90-day T-Bill with an interest rate of 7%, they will get an annual yield of 7% divided by four since the bill is a 90-day or three-month bill. The annualized yield is therefore 7% ÷ 4 = 1.75%.
Given that the current Canadian risk-free rate is 1.75%, the US risk-free rate is 1.60%, and the exchange rate is 1.25 CAD/USD, the 90-day Canadian T-Bill would yield approximately 1.60% ÷ 1.25 CAD/USD = 1.28%.
That means if an investor purchased a Canadian 90-day T-Bill with an interest rate of 7%, then the rate quoted in the US would be 1.28%.The exchange rate is the rate at which one currency is exchanged for another.
It fluctuates all the time as the market goes through ups and downs. The interest rate is the percentage of a loan or deposit that is paid to the lender or depositor for the use of their money.
This is why interest rates are so crucial to investors:
they can make or break an investment in terms of how profitable it is.
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