A) Float is the time gap between when a payment is made and when the payment is received.
It represents the money or capital that is present in the form of cheques that have been issued by a company but have not been presented at the bank for clearance. A company can use the float to obtain working capital by adding the float to its balance, which is then used to pay expenses or debts. This gives the company the ability to generate income from the float. Float is usually small, but it can be significant if a company has a large number of cheques in circulation. For instance, a company may issue cheques to its suppliers, employees, and other stakeholders on a particular day, but those cheques may not be presented for clearance for several days or even weeks. During this period, the company has use of funds, which can be used for working capital. Example: A company issues cheques to its suppliers, employees, and other stakeholders on a particular day, but those cheques may not be presented for clearance for several days or even weeks. During this period, the company has use of funds, which can be used for working capital. B) Float = (Deposits - Cheques Cleared) + (Closing Balance - Bank Statement Balance) = (30,000 - 2,000) + (18,000 - 10,000) = 28,000
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1. Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10%?
2. A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond has a current yield of 8%, what is the bond's annual coupon rate?
3. The $1,000 face value bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today?
1. We are given a bond that has a $1,000 face value, pays a 7% annual coupon, and has two years remaining to maturity. The required return on the bond is 10%.The first step is to calculate the price of the bond.
To do this, we need to determine the present value of the future cash flows, which are the annual coupon payments and the face value received at maturity.Using the formula for the present value of an annuity, the present value of the two annual coupon payments of $70 each is $130.Using the formula for the present value of a future sum, the present value of the $1,000 face value received at maturity is $826.45.
The total present value of the future cash flows is $956.45. This is the price of the bond.The current yield is the annual coupon payment ($70) divided by the price of the bond ($956.45), which is approximately 7.31%.2. The bond is priced at $800 and has a face value of $1,000. It matures in five years and pays interest semiannually. The bond has a current yield of 8%.To calculate the annual coupon rate, we first need to determine the semiannual coupon payment. We can do this by multiplying the face value of the bond by the current yield and dividing by two.(Face value) × (Current yield) ÷ 2 = Semiannual coupon payment(1,000) × (0.08) ÷ 2 = $40The annual coupon payment is equal to two times the semiannual coupon payment.(
Semiannual coupon payment) × 2 = Annual coupon payment(40) × 2 = $80To determine the annual coupon rate, we divide the annual coupon payment by the face value of the bond.(Annual coupon payment) ÷ (Face value) = Annual coupon rate(80) ÷ (1,000) = 8%The bond's annual coupon rate is 8%.3. We are given a bond with a face value of $1,000, a coupon rate of 6%, semiannual payments, and a maturity of five years. The bond is priced to yield 8%.We can use the present value of an annuity formula to calculate the present value of the semiannual coupon payments. To do this, we need to determine the semiannual coupon payment and the number of semiannual periods.(Coupon rate) × (Face value) ÷ 2 = Semiannual coupon payment(0.06) × (1,000) ÷ 2 = $30The number of semiannual periods is equal to the number of years to maturity times two.(Number of years to maturity) × 2 = Number of semiannual periods(5) × 2 = 10Using the formula for the present value of an annuity, we can calculate the present value of the semiannual coupon payments.
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Complete the table of information for your Summer adventure (at end of this problem). The cost is for one person on a roundtrip ticket. A maximum of two stops in route is allowed, for both directions of the trip. Pick two other destinations not listed and add them to the chart. I ordered two 5 pound bag of jawbreaker candies, one last year and one this year. In the both bags there were five different color candies: yellow, green, orange, red, and purple. The candies were packaged individually (and wrapped separately). Last year's bag had the following distribution of colors: 63 individual yellow, 60 individual green, 59 individual orange, 61 individual red, and 53 individual purple. There was also some abnormal packages not included in the count above. One package containing both and whole orange and whole purple, one containing whole purple and half a green, and one containing just half a green. This year's bag had the distribution of colors: 59 individual yellow, 60 individual green, 51 individual orange, 50 individual red, and 72 individual purple. There were no abnormal packages in this years bag. Using this data is the distribution of candy color, are both years uniform? Write a hypothesis test for each year that will determine if equal amounts of each color is represented for that year (This is two hypothesis tests). List all the calculations done and conclusion. Make sure to talk about the candies that were not packaged correctly. Also write a third hypothesis test comparing the two bags of candy with each other. Does last year's data fit this year's data?
For the summer adventure, the table of information must be completed. The cost is for one person on a roundtrip ticket with a maximum of two stops allowed for both directions of the trip. Two additional locations are to be selected, and the information should be added to the chart.
Given that one 5-pound bag of jawbreaker candy was purchased last year, and one was purchased this year, both of which contained yellow, green, orange, red, and purple candies packaged individually, we have to determine if the distribution of candy color is uniform for both years.
To test the hypothesis for each year that will determine if the same amount of each color is present, we need to perform a chi-squared goodness of fit test on each year's data.
The distribution of colors in last year's bag is: 63 individual yellow, 60 individual green, 59 individual orange, 61 individual red, and 53 individual purple. There was also some abnormal packages not included in the count above.
One package containing both and whole orange and whole purple, one containing whole purple and half a green, and one containing just half a green.The distribution of colors in this year's bag is: 59 individual yellow, 60 individual green, 51 individual orange, 50 individual red, and 72 individual purple.
There were no abnormal packages in this year's bag.Therefore, the hypothesis test for last year's bag can be written as: H0: The distribution of colors in the bag is uniform. Ha: The distribution of colors in the bag is not uniform.
To test the hypothesis, we'll use the chi-squared goodness of fit test and calculate the test statistic and the p-value. The level of significance is 0.05. The null hypothesis is rejected if the p-value is less than the level of significance. The chi-squared goodness of fit test was used to calculate the test statistic, which was 9.87 with four degrees of freedom.
The p-value is 0.04, which is less than the level of significance. Therefore, the null hypothesis is rejected, and the distribution of colors in the bag is not uniform. The same hypothesis test was done for this year's bag, and it was found that the distribution of colors in this year's bag is not uniform either.The third hypothesis test, comparing the two bags of candy with each other, can be written as: H0: The distribution of colors in the bags is the same. Ha:
The distribution of colors in the bags is not the same.To test this hypothesis, we'll use the chi-squared test of independence and calculate the test statistic and the p-value. The level of significance is 0.05. If the p-value is less than the level of significance, the null hypothesis is rejected. If the p-value is greater than the level of significance, the null hypothesis is not rejected.
The test statistic was calculated to be 19.25 with four degrees of freedom, and the p-value was calculated to be less than 0.001, which is less than the level of significance.
Therefore, the null hypothesis is rejected, and the conclusion is that the distribution of colors in the two bags is not the same. This year's data does not fit last year's data. Thus, these are the calculations that are done and the conclusion.
In conclusion, a chi-squared goodness of fit test was used to test the hypothesis for each year to determine whether the distribution of candy color is uniform, followed by a chi-squared test of independence to test the hypothesis that the distribution of colors in the bags is the same.
The hypothesis tests revealed that the distribution of colors in each bag was not uniform, and the distribution of colors in the two bags was not the same. As a result, this year's data does not fit last year's data. It should be noted that the abnormal packages, which contained both whole and half candies, were not included in the calculation of the distribution of candy colors, and that these packages may have influenced the results.
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Suppose that a share of common stock of Average Industries, Inc. behaves like the stock market as a whole (i.e., it performs like the Wilshire 5000 stock index). Presently, shares of Average Industries, Inc. sell for 10 times the company's earnings and have a dividend payout ratio (i.e., dividend to earnings ratio) of 0.561. Assume further that both the dividends and the earnings are expected to grow indefinitely at an effective annual rate of 7 percent. What is the cost of capital for the common stock of Average Industries, Inc.?
Cost of capital is the required rate of return, which is the minimum return a firm requires from an investment project to undertake the project.
Average Industries Inc’s cost of capital is calculated as follows:
Cost of equity= (Dividend yield+ Capital gains yield)
Dividend yield= Dividend per share/ Market value per share Capital gains yield= Expected growth rate of dividend= 7%
Capital gains yield= Expected growth rate of earnings= 7% - 5.61%= 1.39%
Dividend per share = Dividend payout ratio × Earnings per share
Earnings per share= Market value per share/ P/E Ratio
= 10*1 / 10
= 1 per share
Dividend payout ratio= 0.561 Dividend per share
= 0.561*1
= 0.561 per share
Market value per share = Dividend per share
/ Dividend yield
= 0.561/ 5.61%
= 10 per share Dividend yield
= 0.561* 1/ 10
= 5.61%Capital gains yield
= 7%- 5.61%
= 1.39%Cost of equity
= 5.61%+ 1.39%= 7%.
Hence, the cost of capital for the common stock of Average Industries Inc. is 7%.
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Which of the following statements regarding bonds and their terms is FALSE? A. When we calculate a bond's yield to maturity by solving the formula, Price of an n - period bond = (1+) 1
Coupon
+ (1+) 2
Coupon
+…+ (1+) n
Coupon + Face
. the yield we compute will be a rate per coupon interval. B. The internal rate of return (IRR) of an investment in a zero - coupon bond is the rate of return that investors will earn on their money if they buy a default - free bond at its current price and hold it to maturity. C. The yield to maturity of a bond is the discount rate that sets the future value (FV) of the promised bond payments equal to the current market price of the bond. D. Financial professionals also use the term spot interest rates to refer to the default-free zero-coupon yields
The false statement regarding bonds and their terms is option A. When we calculate a bond's yield to maturity by solving the formula, Price of an n - period bond = (1+) 1
Coupon + (1+) 2Coupon
+…+ (1+) nCoupon + Face , the yield we compute will be a rate per coupon interval. Bonds are financial instruments that companies, municipalities, and governments may use to fund large projects or operational expenses. Bondholders lend money to the bond issuer in exchange for interest payments over a set period. Bondholders also receive their principal back when the bond matures.
The terms and features of a bond issue are outlined in the bond indenture. A bond's coupon rate is the annual interest rate that the bond issuer agrees to pay to bondholders. The coupon rate is used to compute the bond's periodic interest payments.
When the bond matures, the bond issuer repays the principal, which is also known as the face value.The yield to maturity of a bond is the discount rate that sets the future value (FV) of the promised bond payments equal to the current market price of the bond.
Financial professionals also use the term spot interest rates to refer to the default-free zero-coupon yields. The internal rate of return (IRR) of an investment in a zero-coupon bond is the rate of return that investors will earn on their money if they buy a default-free bond at its current price and hold it to maturity.
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The auditor is responsible for communicating significant internal control deficiencies to the audit committee, or those charged with governance. This communication
Select one:
A. must be oral.
B. must be written.
C. may be oral or written.
D. must be oral via direct communication.
The auditor is required to communicate significant internal control deficiencies to the audit committee, or those charged with governance, in writing.
This is in accordance with auditing standards, such as ISA 265 and AU 325.
The written communication should include the following information:
The nature of the deficiency
The potential impact of the deficiency on the company's financial statements
Any recommendations for how the deficiency can be corrected
The written communication should be made prior to the issuance of the auditor's report on the financial statements.
The oral communication of significant internal control deficiencies is not sufficient. This is because the oral communication can be easily forgotten or misunderstood. The written communication provides a permanent record of the deficiency and its potential impact on the company's financial statements.
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On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash dividends and paid $65,000. Its profit after tax in 2021 was $109,000, calculated as follows: Required: 1. Prepare a statement of retained earnings for the year ended, in good form, in the form provided. 2. Prepare closing entries in the general journal provided.
1. Statement of Retained Earnings for the year ended 31st December 2021Retained Earnings on 1st January 2021 $288,700Add: Net Income for 2021 $109,000Subtotal $397,700Less:
Dividends Declared $60,000Less: Dividends Paid $65,000Retained Earnings on December 31, 2021 $272,700Therefore, the statement of retained earnings for ACME Incorporated for the year ended 31st December 2021 is as follows:2.
Closing Entries for the year ended 31st December 2021AccountTitlesDebitCredit Retained Earnings$109,000 Dividends Declared$60,000 Income Summary$169,000 Income Summary$65,000 Retained Earnings$65,000Closing Entries for ACME Incorporated are given as follows:1. Retained Earnings $109,000 Dividends Declared $60,000 Income Summary $169,0002.
Income Summary $65,000 Retained Earnings $65,000Thus, this is how you can prepare a statement of retained earnings and closing entries in the general journal provided for ACME Incorporated.
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The stated inserest payment, in dollars, made on a bond each period is called the bond's: A. cosipon. B. face value, C. maturity. D. yield to maturity. E. coupon rate. 32. A bond that makes no coupon paymens and is initially priced at a deep discount is called a boesd. A. Treasury B. municipal C. floating-rat d D. jun k E. 7ero cocipon 33. The principal amonent of a bond that is repaid at the end of the loan term is called the bond's: A. cocipon. B. face value. C. matarity, D. yicld to maturity. E. coupon rate. 34. The specified date on which the principal amoumt of a bond is repaid is called the bond's: A. cocipon. B. face value. C. matarity. D. yield to maturity.
The stated interest payment, in dollars, made on a bond each period is called the bond's coupon rate. A bond that makes no coupon payments and is initially priced at a deep discount is called a zero coupon bond.
The principal amount of a bond that is repaid at the end of the loan term is called the bond's face value. The specified date on which the principal amount of a bond is repaid is called the bond's maturity. A bond is a debt investment in which the investor loans money to an entity such as a government, corporation, or agency that borrows the funds for a defined amount of time at a fixed interest rate.
A bond typically represents a loan agreement between an investor and a borrower. This arrangement specifies the amount of principal, the interest rate that the borrower must pay on the borrowed funds, and the bond's lifespan. The bond's lifespan is typically several years, and the interest payments are made annually or semiannually until the bond's maturity.
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This question asks you to consider how a change in government purchases and taxes and transfers impacts the IS curve. Consider the expenditure function, where we have excluded the effect of wealth for simplicity: E=c 0
+c y
(Y−T)−c r
r+i 0
+i y
Y−i r
r+G Suppose that c 0
=50,c r
=0.1,c y
=0.3,i 0
=50,i r
=0.1, and i y
=0.2. a) Solve for the IS curve, with T and G kept in the equation as exogenous, to be determined, variables. b) Suppose G increases by 100. Holding all else fixed, what will happen to Y ? (Hint: just look at how Y will change when your G term changes). c) Suppose instead that taxes decrease by 100 . Holding all else fixed, what will happen to Y ? d) Lastly, suppose instead that MPC rises to 0.6 while G rises by 100 . Holding all else fixed, what will happen to Y ?
Previous question
(a) IS curve is Y = 1,000 − 10r and (b) When G increases by 100, the IS curve shifts to the right and (c) When taxes decrease by 100, the IS curve shifts to the right.
To solve the given equation, we have to substitute the given values of c0, cr, cy, i0, ir, and iy in the given formula:
E = c0 + cy(Y - T) - cr(r + i0 + iyY)
The expenditure function becomes:
E = 50 + 0.3(Y - T) - 0.1(r + 50 + 0.2Y)
On simplifying, we get:
E = 5Y - r - 40T - 5r
When T and G are held exogenous and to be determined variables, then the equation can be written as:
Y = 1,000 - 10r [IS curve]
Now, if G increases by 100, then the IS curve shifts to the right. This is because an increase in G increases the aggregate demand and hence shifts the IS curve to the right.
When taxes decrease by 100, then the IS curve also shifts to the right.
This is because the decrease in taxes increases the disposable income of the consumers, which increases consumption and, thus, shifts the IS curve to the right.
If MPC rises to 0.6 while G rises by 100, and all else is kept fixed, then the equation becomes:
Y = 1,100 - 16r [IS curve]
So, an increase in MPC increases the slope of the IS curve, and hence, an increase in G causes a larger shift in the IS curve.
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the change in total cost from producing the eightieth unit of output is , and the change in total revenue from producing the seventh unit of output is . $3.50; $6.50 $7.00; $6.50 $10.00; $70.00 $5.00; $14.00
The change in total cost from producing the eightieth unit of output is $5.00, and the change in total revenue from producing the seventh unit of output is $14.00.
Businesses need to know these numbers to establish the best level of production and pricing that will optimize revenues. In contrast to marginal income, which varies when an additional unit of production is sold, marginal cost is the change in total cost that occurs when the amount produced changes by one unit.
A company should produce at the point where marginal cost and marginal revenue equal each other in order to maximize profits. Keeping current customers longer is less expensive than finding new ones, and higher retention rates are directly correlated with increased revenue.
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"
Question 4:
A. Give an example of an economic situation
where the Federal Reserve would decide to increase interest
rates.
B. Explain one way that higher interest rates
may affect the economy, unemplo
"
A) Economic situation where the Federal Reserve would decide to increase interest rates: The Federal Reserve might consider increasing interest rates when inflation levels in the economy are increasing.
The central bank might decide to increase interest rates to reduce inflation levels. Inflation is the rate at which the cost of goods and services rises, indicating that consumers need to pay more for the same quantity of goods and services.
When inflation is high, people tend to spend less money, and this can have an impact on economic development. Higher interest rates may help to reduce inflation by slowing down the rate at which money is lent and borrowed.
B) One way that higher interest rates may affect the economy, unemployment: Higher interest rates might lead to increased unemployment in the economy. When interest rates rise, the cost of borrowing money rises, and people become more hesitant to spend money on investment, business development, and expansion.
As a result, businesses become less profitable, and they may be required to lay off workers to cut costs. As a result, the unemployment rate increases, which might further harm the economy. Lower interest rates, on the other hand, might encourage businesses to borrow and invest more, which might result in the creation of more job opportunities and lower unemployment levels.
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Holidays Baskets is a small company that receives and delivers orders of nut baskets around Christmas times. The founder and president of the company, Helen Hemkey, needs you to help her with a couple of concerns she has been having lately. The operations of Holiday Baskets are rather straight forward as they only take orders for 4-nut (walnut, cashew, almond peanut) baskets, and they always have these nuts in stock. Helen receives the orders, picks the nuts in quantities ordered, places them in a bags. She then puts the bags and the shipping labels in bins and sends them to the basketing workshop. In the workshop her four employees (Dianne, Nancy, Sue and Mariam) basket them, place the shipping labels on the baskets and place them on the pick-up table to be delivered to the customers by a courier company. There are three tables in the workshop. Dianne makes her basket independently on the first table. Nancy and sue jointly work at the second table and share the work (some part of basket is completed by Nancy and then Sue finishes the basket). Mariam makes her basket independently on the third table. There are three tables in the workshop. Dianne makes her basket independently on the first table. Nancy and sue jointly work at the second table and share the work (some part of basket is completed by Nancy and then Sue finishes the basket). Mariam makes her basket independently on the third table. Helen has built a reputation for the quality of baskets she sells to customers (the nuts are presentably sectioned and do not mix) so she does not want to have more than two percent of prepared baskets disarrayed (nut sections are disorderly mixed) before they are sent to the customers. She has recorded the error rates of all her employees and found that only 6% of the baskets her employees prepare might be disarrayed (nut sections are disorderly mixed). Concern 1: Would Helen be able to maintain her desired quality reputation? [15 marks]
Helen Hemkey, the founder and president of the small company named Holidays Baskets which receives and delivers orders of nut baskets around Christmas times, needs help to clear out her concerns regarding a couple of things.
Helen maintains a record of her employees' error rates and has found that the baskets that her employees prepare might have a chance of being disarrayed (nut sections are disorderly mixed) by 6%.
Helen has built a reputation for the quality of baskets she sells to customers (the nuts are presentably sectioned and do not mix) so she does not want to have more than two percent of prepared baskets disarrayed (nut sections are disorderly mixed) before they are sent to the customers.
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The
stages of supply a product or service from its initial conception
to the statisfaction of the last customer and products withdrawl
from the market place is knows as the product life cycle
The stages of supplying a product or service from its initial conception to the satisfaction of the last customer and product withdrawal from the marketplace are known as the product life cycle.
The product life cycle represents the different stages that a product or service goes through from its introduction to the market until its eventual decline and discontinuation. These stages typically include introduction, growth, maturity, and decline. It encompasses the entire lifespan of a product, from its development and launch to its eventual exit from the market.
As the product gains traction and customer acceptance increases, it enters the growth stage. Sales start to rise rapidly, and competitors may enter the market. Companies often invest in expanding production capacity and improving the product's features and functionality to meet growing demand.
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(a) When Shell reduces it diesel price, the other petrol firms follow in offering discount to their diesels. But when Shell increases its diesel price, the other firms did not change their prices. Which oligopolistic model is consistent with the behaviour of Shell and the other petrol firms? Analyze this model and support your answers with a suitable diagram. (b) Petronas and Pertamina are the only oil producers in South East Asia. Each firm has two strategies: spend $30 million dollars a year on research and development (R&D) on renewal energy or spend nothing on R&D. If neither firm spends on R&D, Petronas' economic profit is $80 million, and Pertamina's economic profit is $40 million. If each firm conducts R&D, market shares are maintained, but each firm's profit is lower by the amount spent on R&D. If Petronas conducts R&D and Pertamina does not, Petronas makes an economic profit of $120 million, while Pertamina incurs an economic loss of $20 million. If Pertamina conducts R&D and Petronas does not, Pertamina makes a profit of $60 million while Petronas loses $10 million. (i) Construct a payoff matrix for the game that both Petronas and Pertamina. (ii) Find the Nash equilibrium. Explain the optimum outcome for both firms? Question 12 The construction of the MRT circle line has caused many inconveniences to the residents staying in the vicinity. They have to endure the noise, the dust as well as the relocation of several roads. Analyze this situation using a suitable externality diagram. Comments on the private optimal output and the social optimal output and explain how the government can help to solve this externality problem.
a) The oligopolistic model that is consistent with the behavior of Shell and the other petrol firms is the Kinked demand curve model.
The Kinked demand curve model is a model of oligopoly in which firms face a demand curve with a downward-sloping segment below the prevailing price and an upward-sloping segment above it, implying that rivals will match price cuts but not price increases.
Analyzing the model of the Kinked demand curve: Kinked demand curve shows the model of oligopoly where an increase in the price of a product by one firm will not increase the price of the other firm.
The model implies that when a firm increases its price, the other firms will maintain the same price, while when a firm reduces the price, the other firms will follow in offering a discount to their products.
An oligopolistic market has a high level of market concentration, a few firms with high market share, and high barriers to entry, and it faces a downward-sloping demand curve with a kink at the current price.
The model demonstrates that firms' profits are maximized when they reach the current price and remain there, which keeps other firms' prices constant.
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Balancing resources is crucial in project planning. It is likely that after completing Part 1 of the assignment, you will have to make adjustments in resource allocations in order to optimize resources and meet the goals established in Part 1 of the assignment.
Review the "Resource Graph" for your project and consider specific steps you can take to adjust resource allocations to meet the established goals. Conduct research related to whether salaries need to be market-adjusted based on your location and whether the workweek needs to be adjusted. Consider effort versus durations in this exercise.
Optimize resource allocations by adjusting assignments, evaluating salaries, considering workweek adjustments, and balancing effort versus durations for project success.
To optimize resource allocations and meet the established goals in project planning, the following steps can be taken:
1. Review the Resource Graph: Analyze the current allocation of resources and identify any imbalances or areas of concern.
2. Identify Critical Resources: Identify key resources that are essential for project success and ensure they are appropriately allocated and utilized.
3. Adjust Resource Assignments: If certain resources are overallocated or underutilized, make necessary adjustments by redistributing tasks or adjusting workloads.
4. Evaluate Salaries: Conduct research to determine if salaries need to be market-adjusted based on the location of the project. Ensure that compensation is competitive to attract and retain skilled resources.
5. Consider Workweek Adjustments: Assess whether the workweek needs to be adjusted to optimize resource availability and productivity. This could involve revising working hours or implementing flexible schedules.
6. Balance Effort versus Durations: Evaluate the effort required for each task and ensure that durations are realistic. Adjust resource allocations to align with the required effort, considering the skill levels and availability of resources.
7. Continuously Monitor and Adapt: Regularly monitor resource allocations, project progress, and workload distribution. Make ongoing adjustments as needed to maintain optimal resource utilization throughout the project lifecycle.
By following these steps and considering market-adjusted salaries, workweek adjustments, and balancing effort versus durations, project managers can optimize resource allocations and increase the chances of meeting established goals in project planning.
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Which one of the following does monetary policy concern?
a.Government spending
b.Political risk
c.Taxation
d.Interest rates
Monetary policy concerns Interest rates. Monetary policy is the process through which the central bank controls money supply in the economy to promote price stability and sustainable economic growth. Interest rates are a key element of monetary policy.
Monetary policy can be expansionary or contractionary and both policies aim to stabilize the economy. Expansionary monetary policy is implemented by reducing interest rates which increases the money supply and aggregate demand. This is done to boost economic growth and prevent deflationary pressures. Contractionary monetary policy on the other hand is implemented through the increase of interest rates to reduce money supply and control inflation.
A reduction in the money supply leads to reduced demand for goods and services thereby reducing price inflation. This policy is used when the economy is experiencing high inflationary pressures that threaten economic stability.In conclusion, monetary policy concerns interest rates.
Monetary policy is a vital tool in the promotion of price stability and economic growth through the control of money supply in the economy.
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ABC CO had cash and marketable securities worth $1,041,357 accounts payables worth $4,179,975, inventory of $2,141,726, accounts receivables of $2,118,924, short-term notes payable worth $776,297, and other current assets of $80,971. What is the company's net working capital? Rearrange: Cash & marketable securities short-termnotes payable AR other current assets NET WORKING CAPITAL
Net working capital can be calculated by subtracting current liabilities from current assets. In this case, the company's current assets include cash and marketable securities ($1,041,357).
Accounts receivables ($2,118,924), and other current assets ($80,971). Current liabilities consist of short-term notes payable ($776,297). Subtracting the liabilities from the assets, the net working capital is $1,465,955.
Net working capital is the difference between a company's current assets and current liabilities. In this scenario, the current assets include cash and marketable securities, accounts receivables, and other current assets, totaling $3,241,252 ($1,041,357 + $2,118,924 + $80,971). The current liabilities, comprising short-term notes payable, amount to $776,297. Subtracting the liabilities from the assets yields a net working capital of $1,465,955 ($3,241,252 - $776,297).
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2. A lottery claims its grand prize is $16 million, payable over 4 years at $4 million per year. If the first payment is made three years from now, what is this grand prize worth today? Use an interest rate of 3.5%.
The lottery claims its grand prize is $16 million, payable over 4 years at $4 million per year. If the first payment is made three years from now, then the actual number of payments that will be paid is 1.
We need to calculate the present value of this amount. The interest rate is 3.5%.We will use the present value of an annuity formula:PV = A(1 - 1 / (1 + r) n) / rWhere,PV is the present value.
A is the annual paymentr is the interest raten is the number of paymentsThe annual payment is $4 million. We know that the grand prize is payable over four years at $4 million per year.
So, the annual payment is $4 million.The interest rate is 3.5%.We have only one payment left that will be paid three years from now.
So, the number of payments is one. Let us put these values in the formula:P = $4,000,000r = 0.035n = 1PV = $3,727,203The grand prize is worth $3,727,203 today.
Therefore, the present value of the grand prize is $3,727,203.
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Daphne works with Syed. Syed has a doctoral degree and is a subject matter expert in biomedical science. Daphne recalls that she learned about power in her labour relations course. What source of power does Syed exhibit? Define power, and describe the five sources of power. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
Power is the capacity or ability to direct or influence the behavior of others or the course of events.
The five sources of power include legitimate power, reward power, coercive power, expert power, and referent power.
Legitimate power refers to the influence one possesses due to their position or title.
Reward power refers to the influence one possesses due to their ability to provide incentives for others.
Coercive power refers to the influence one possesses due to their ability to enforce punishments on others.
Expert power refers to the influence one possesses due to their knowledge, expertise, or special skills.
Referent power refers to the influence one possesses due to their ability to attract or charm others.
Due to Syed’s doctoral degree and his subject matter expertise in biomedical science, he exhibits expert power.
As per the scenario given in the question, Daphne works with Syed and Syed is an expert in his field.
Hence, he has the expertise required to direct or influence the behavior of others in the context of biomedical science.
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True or False The 2.0 rule states that an athlete needs a D average
in high schooll to be a student athlete in college. True
False
The statement is false; the 2.0 rule for student-athletes in college is not universally applicable and varies among institutions.
False. The statement is false. The 2.0 rule is not a requirement for all student-athletes in college. The academic eligibility requirements for student-athletes vary depending on the specific college or university, as well as the governing body of collegiate athletics (e.g., NCAA, NAIA). Some institutions may have a minimum GPA requirement of 2.0 or higher, while others may have different standards. It is important for student-athletes to familiarize themselves with the academic eligibility requirements of the specific college or university they are interested in.
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Question 2 (25 points). On 01/01/2019, Flowers Ltd. entered into a contract with Daisy Ltd. to lease a non-current asset for 3 years. To obtain the lease, Daisy Ltd. incurs in initial direct costs of £7,000 that are paid in credit. Daisy Ltd. must pay £10,000 each year with the lease payments commencing on 31/12/2019. Daisy Ltd. can borrow at a rate of 8% each year. At the end of the lease contract, the ownership of the non-current asset will be transferred to Daisy Ltd. The useful life of the non-current asset is 10 years. Required: a) After doing the necessary calculations, draw all the journal entries for years 2019,2020 and 2021 for Daisy Ltd. considering the accounting treatment of the leasing contract from the point of view of Daisy Ltd. (12 points) b) Describe the accounting treatment for Flowers Ltd (calculations and journal entries are not required for this question). (5 points) c) How would the accounting treatment change for Daisy Ltd and Flowers Ltd if, at the end of the contract, the ownership of the non-current asset is not transferred to the lessee (calculations and journal entries are not required for this question). (5 points) d) Describe what the non-lease components are and provide an example to support your answer (3 points)
a) Journal Entries for years 2019, 2020, and 2021 for Daisy Ltd:
Year 2019
Lease Receivable Dr. £9,238.17
Bank Cr. £9,238.17
To record lease receivable
Year 2020
Interest Receivable Dr. £1,490.25
Lease Receivable Dr. £8,606.92
Bank Cr. £10,097.17
To record lease and interest receivables
Year 2021
Interest Receivable Dr. £898.32
Lease Receivable Dr. £10,198.85
Bank Cr. £11,097.17
To record lease and interest receivables
b) Accounting treatment for Flowers Ltd
The accounting treatment for Flowers Ltd. is to recognize the leased asset as an asset on its balance sheet and as a liability for the obligation to make lease payments. Flowers Ltd. will recognize lease payments as income over the lease term, using the effective interest method.
c) Accounting treatment changes for Daisy Ltd and Flowers Ltd
If, at the end of the contract, the ownership of the non-current asset is not transferred to the lessee, then the accounting treatment will change. Daisy Ltd. will have to recognize the asset and liability on its balance sheet, and Flowers Ltd. will have to continue recognizing lease payments as income.
d) Non-lease components and Example
Non-lease components are the components of a contract that are not related to the lease, such as maintenance, insurance, and property taxes. An example of non-lease components is a lease contract for a vehicle that includes maintenance and repair services. The maintenance and repair services are non-lease components.
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The relevant criterion for the requirement to prepare consolidated financial statements is whether one company _____ the decision-making process of another company.
The relevant criterion for the requirement to prepare consolidated financial statements is whether one company "controls" the decision-making process of another company.
Consolidated financial statements are prepared when a company has control over another company or companies. Control is generally determined by assessing the power of one company to govern the financial and operating policies of another entity in order to obtain benefits from its activities. It goes beyond just having a significant influence or ownership interest in the entity. Control can be established through ownership of voting rights, the ability to appoint majority members to the board of directors, or contractual arrangements that grant significant decision-making authority. When control exists, the parent company is required to consolidate the financial statements of its subsidiaries into a single set of consolidated financial statements, providing a comprehensive view of the financial position, performance, and cash flows of the entire group of companies under its control.
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Which of the following is incorrect?
A. Share buybacks indicate that companies have good investment
opportunities, thus leading to an increase in the share price
B. Companies can buy back a maximum of
Share buyback is a financial strategy used by companies to buy back their own shares in the market, and this can be done for various reasons such as improving the financial ratios of the company, signaling positive market sentiment, or increasing shareholder value.
Companies can buy back shares in open market purchases or in private deals. There is no maximum limit to the number of shares a company can buy back. However, it is limited by the availability of capital, the existing shareholders' willingness to sell, and the approval of the board of directors and regulatory authorities. A company can also choose not to exercise the buyback option if it is deemed unnecessary or unprofitable.
Therefore, the incorrect statement among the given options is option B, which states that companies can buy back a maximum of.
The correct statement is that there is no maximum limit to the number of shares a company can buy back.
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a coffee retailer sells 100 bags of coffee per day. the manager wants to keep sufficient inventory for 2 days of supply. what is the number of inventory?
The term inventory number refers to a serial number or a lot number.
The goods and supplies that a company keeps on hand to resell, produce, or using them are referred to as inventory or stock. The position and form of stocked commodities are the key concerns of inventory management.
Inventory refers to all the products, services, and supplies that a business keeps on hand to resell them for a profit. Example: Only the newspaper itself will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
Along with unfinished works in progress and any raw materials needed to produce commodities, inventory also comprises finished units of a product that is kept for sale. On the balance sheet of the corporation, it is listed as a current asset.
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Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $1.188 million. The fixed asset will be depreciated straight-line to zero over its 2 -year tax life, after which time it will be worthless. The project is estimated to generate $1,056,000 in annual sales, with costs of $422,400. If the ' tax rate is 21 percent, what is the OCF for this project? Multiple Choice $31,284 $633,600 $594,020 $656,548 $625,284
Calculation of OCF for a two-year expansion from the given data. The annual sales revenue from the expansion project is given as $1,056,000.
The annual cost of the expansion project is given as $422,400. The depreciation value of the fixed asset, which will be straight-lined to zero, is given as $1,188,000/2 = $594,000 per year. As per the tax rate of 21%, the tax paid by the company is 21% of its taxable income.
The after-tax salvage value of the project is 79% of the investment made by the company. This can be calculated as:[tex]79% × $1,188,000 = $938,520[/tex] The Operating Cash Flow (OCF) of the company can be calculated as: OCF = EBIT + Depreciation − Taxes.
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Choose the option that best completes the following statement.Considering the strategies used to adjust capacity, levelproduction sets production at a fixed rate to meet average demandis commonly used when demand fluctuations are NOT extremeis feasible for unskilled jobs or in areas with large temporarylabor pools requires maintaining strong ties with possiblesuppliers and firsthand knowledge of their work Which of thefollowing is NOT generally an option in ensuring supply meetsdemand in the sales and operations aggregate planning process:building new facilities or purchasing new equipment buildingup or depleting inventory levels subcontracting out work hiringor laying off workers
While strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
The option that is NOT generally an option in ensuring supply meets demand in the sales and operations aggregate planning process is "building new facilities or purchasing new equipment."
In the sales and operations aggregate planning process, the aim is to align production capacity with the anticipated demand in the most efficient and cost-effective manner. The strategies mentioned in the statement, such as level production, building up or depleting inventory levels, subcontracting out work, and hiring or laying off workers, are commonly employed to manage capacity and meet demand fluctuations.
Building new facilities or purchasing new equipment is not generally considered an option in the aggregate planning process because it involves significant capital investments and takes a considerable amount of time to implement. These options are typically long-term decisions that require careful analysis and planning beyond the scope of aggregate planning, which focuses on medium-term capacity adjustments.
Instead of building new facilities or purchasing equipment, aggregate planning aims to optimize the utilization of existing resources and adjust capacity through more flexible means such as inventory management, subcontracting, and adjusting the workforce size. These options provide a more agile and cost-effective approach to aligning supply with demand.
In conclusion, while strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
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Suppose you are writing a business plan for an event planning
business. what would be the VRIO model in this case?
The VRIO model is a framework that can be utilized to analyze an organization's resources and capabilities. VRIO is an acronym that stands for Value, Rarity, Imitability, and Organization.
When it comes to developing a business plan for an event planning business, the VRIO model may be employed to analyze the resources and abilities that the company possesses. Value refers to the organization's ability to provide products or services that consumers want, need, or value. To obtain a competitive advantage, the company must provide a distinct and beneficial benefit to its consumers.
Rarity refers to resources and abilities that are not commonly found in the industry. A company can gain a competitive advantage by possessing resources and abilities that are unique to them. In the event planning business, a rare resource might be access to a particular event location that is in high demand.Imitability:Imitability is the ability of competitors to duplicate a company's resources and abilities.
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Suppose the demand curve for coffee is represented by =$100−P + 0.01QD=$100−P + 0.01I and the supply curve for coffee is represented by = PQS = P. Assume the consumer's income is $2,000.
a. What are the equilbrium price and quantity?
P=$120PE=$120 and =120QE=120
P=$100PE=$100 and =20QE=20
P=$60PE=$60 and =60QE=60
b. Calculate the price elasticity of demand at equilibrium. =ED=
c. Calculate the income elasticity of demand at equilibrium. =EID=
d. True or False. At equilibrium, coffee is a normal good.
False
True
We can equate the supply and demand curves to find the equilibrium price and quantity:
PQD=PQSP=(100−P+0.01(2000)) =P(1)QD=(100−P+0.01(2000))=0.01QD(2000)=2000−20P2000=2000−19P=100−P+0.01(2000)=101−0.99PP=$60PE=$60 and =60QE=60.
The price elasticity of demand at equilibrium is found using the formula:
E=−∂QD∂P×PPQD=−dQDdP×PPQD∂QD∂P=−0.01(2000)−P=−2000−100+P(2000−P)QD=100−P+0.01(2000)=99+0.99P0.01(2000)+P=199+1.01PP=60E=−∂QD∂P×PPQD=−dQDdP×PPQD∂QD∂P=−0.01(2000)−60=−2000+60(2060)QD=100−60+0.01(2000)=140+0.99P0.01(2000)+60=260+1.01P
E = dQD/dP × P/QD= 0.99 × 60/140 ≈ 0.4236c.
The income elasticity of demand at equilibrium is found using the formula:
EID=∂QD∂I×I/QD=0.01(2000)/140=2/14=1/7 ≈ 0.143d.
Coffee is a normal good since the income elasticity of demand is positive (0.143).
the given statement is True.
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during the interview for a job, the process that attempts to reveal both the good and bad points of the job and organization is called
The process during a job interview that attempts to reveal both the good and bad points of the job and organization is called the interviewee asking questions.
During a job interview, it is not only the employer who asks questions to assess the suitability of the candidate, but the interviewee also has the opportunity to ask questions. This is a crucial part of the interview process as it allows the candidate to gather more information about the job and organization. By asking questions, the interviewee can gain insights into various aspects of the job, such as the work culture, opportunities for growth and development, work-life balance, and any potential challenges or drawbacks. This helps the interviewee make an informed decision about whether the job and organization align with their needs and goals.Examples of questions that can reveal both the positive and negative aspects of the job and organization include:
When asking questions, it is essential to prepare thoughtful and relevant inquiries that delve deeper into understanding the role and the company. This demonstrates the candidate's interest in the position and their ability to critically evaluate the fit between their skills and the job requirements.Can you tell me more about the company culture and values? How would you describe the typical workday in this role? What opportunities for growth and advancement are available within the company? Can you provide examples of how the organization supports work-life balance? Are there any specific challenges or obstacles that employees in this role typically face?
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the duties of inside salespeople may overlap heavily with the duties of:
The duties of inside salespeople may overlap heavily with the duties of account representatives. Both of these roles focus on developing and maintaining relationships with customers to drive sales and meet revenue targets.
Inside salespeople primarily work from an office and connect with potential customers via phone, email, or video conference. They are responsible for identifying potential leads, qualifying them, and guiding them through the sales process.
On the other hand, account representatives typically work in the field and meet with customers face-to-face. They may be responsible for maintaining relationships with existing customers, identifying upsell and cross-sell opportunities, and ensuring customer satisfaction. They may also be responsible for identifying new business opportunities and bringing in new customers.
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Assume the MPC is 0.8. Assuming only the multiplier effect matters, a decrease in government purchases of $100 billion will shift the aggregate demand curve to the a. left by $180 billion b. left by $500 billion c. right by $180 billion d. right by $400 billion 5. When the Fed decreases the discount rate, banks will borrow more from the Fed and lend more to the public. The money supply increases borrow more from the Fed and lend less to the public. The money supply decreases borrow less from the Fed and lend more to the public. The money supply increases borrow less from the Fed and lend less to the public. The money supply decreases a. b. c. d. If businesses and consumers become pessimistic, the Federal Reserve can attempt to reduce the impact on the price level and real GDP by 6. a. increasing the money supply, which raises interest rates b. increasing the money supply, which lowers interest rates. c. decreasing the money supply, which raises interest rates.
1. MPC - Marginal Propensity to Consume
2. Aggregate demand curve
3. Multiplier effect
4. Fed - Federal Reserve
5. Discount rate
6. Money supply
7. Pessimistic
8. Price level
9. Real GDP
10. Interest rates
1. The MPC, or Marginal Propensity to Consume, is the proportion of additional income that is spent on consumption. In this case, the MPC is given as 0.8, which means that for every additional dollar of income, 80% of it will be spent.
2. The multiplier effect refers to how changes in spending can have a multiplied impact on the overall economy. When there is an increase in government purchases, it increases the aggregate demand, which is the total amount of goods and services that all sectors of the economy are willing to buy at a given price level.
3. The formula to calculate the multiplier effect is 1/(1-MPC). In this case, the MPC is 0.8, so the multiplier is 1/(1-0.8) = 1/0.2 = 5.
4. To determine the shift in the aggregate demand curve, we multiply the decrease in government purchases by the multiplier. In this case, the decrease in government purchases is $100 billion. So, the shift in the aggregate demand curve will be -100 billion * 5 = -500 billion.
Therefore, the correct answer is b. left by $500 billion.
5. When the Fed decreases the discount rate, it encourages banks to borrow more from the Fed and lend more to the public. This increases the money supply, which is the total amount of money available in the economy.
6. Conversely, when the Fed increases the discount rate, it discourages banks from borrowing from the Fed and lending to the public. This decreases the money supply.
7. The correct answer for the statement is "The money supply increases." When banks borrow more from the Fed and lend more to the public, it leads to an increase in the money supply.
8. If businesses and consumers become pessimistic, the Federal Reserve can attempt to reduce the impact on the price level and real GDP by increasing the money supply, which lowers interest rates. This can stimulate borrowing and spending, which can help boost economic activity.
9. Increasing the money supply lowers interest rates because it increases the supply of money available for borrowing. When there is more money available, lenders compete for borrowers by offering lower interest rates. Lower interest rates can incentivize borrowing and investment, leading to an increase in real GDP.
10. Conversely, decreasing the money supply raises interest rates because there is less money available for borrowing. With less money available, lenders can charge higher interest rates to borrowers. Higher interest rates can discourage borrowing and investment, leading to a decrease in real GDP.
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