Activity-based costing eliminates the need for overhead allocation rates. True False

Answers

Answer 1

Activity-based costing eliminates the need for overhead allocation rates. This statement is false.

What is the purpose of activity-based costing?

ABC is a technique for allocating overhead and indirect costs, such salaries and utilities, to goods and services. The ABC system of cost accounting is built around activities, which are defined as any occasion, project, or task with a clear objective.

According to ABC, costs are produced by resource-consuming activities, not by outcomes. All cost accumulation methods, including task order and process costing, are compatible with ABC.

Activity-based costing offers a more precise way to calculate the costs of goods and services, which results in more precise price decisions. By making expensive and non-value-adding operations more visible, it improves understanding of overheads and cost drivers and enables managers to decrease or eliminate them.

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Related Questions

all these contract rights are not assignable, except: a. assignments that materially increase the duty, risk, or burden upon the obligor b. assignments prohibited by law c. assignments of real property rights d. assignments of highly personal rights

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The correct option is A. all these contract rights are not assignable, except:  assignments that materially increase the duty, risk, or burden upon the obligor.

What is the contract?

A contract is a legally possible agreement between two or more parties that creates, defines, and moves between them. A contract typically joints the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the incident of a breach of contract, the injured party may seek judicial treatments such as damages or cancellations. Contract law, the field of the law of arrearages concerned with contracts, is based on the rules that agreements must be venerable.

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What business practice is most helped by free trade practices?
• A. Standardization
O B. Preserving economic resources
• c. Increasing import revenues
• D. Competition

Answers

Competition is the business practice is most helped by free trade practices. Thus, option B is correct.

What is the Competition?

A Competition is defined as any case in which two or more persons or organizations are attempting to attain, get, etc. the same item or to outperform one another

A Competition occurs when two or more parties compete for a common objective that cannot be shared: one's success is the other's loss. Entities such as persons, creatures, economic and social organizations, and so on can compete.

Therefore, option D is correct, that Free trade practices are most beneficial to competition in business.

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using the economic concept of marginal analysis (marginal cost - marginal benefit), what could be some of the cost considerations and benefit considerations in tapping oil and natural gas through fracking?

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As fracking grows, natural gas prices are dropping. The U.S. fracking revolution has caused natural gas prices to drop 47 percent compared to what the price would have been prior to the fracking revolution in 2013.

natural fuel (additionally called fossil gasoline or sincerely gasoline) is an evidently taking place aggregate of gaseous hydrocarbons consisting usually of methane similarly to various smaller amounts of different better alkanes. normally low stages of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium also are present.[1] natural gas is colorless and odorless, so odorizers which include mercaptan, which smells like sulfur or rotten eggs, are generally brought to natural gasoline supplies for safety in order that leaks can be comfortably detected.[2]

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what were the strengths of the organization and culture of 3m during the mcknight to desimone era? what were the potential weaknesses? for this question, it is recommended to complete a swot analysis.

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The strengths of the organization and culture of 3m during the McKnight to DeSimone era were their constant creativity, low employee turnover, strong in R&D and supporting of new ideas.

The organization and culture of DeSimone is one that is built on trust, respect, and transparency. They believe in working together as a team to achieve our goals, and our culture reflects that. They are an inclusive organization, and our employees feel like they are part of something larger than themselves.

They believe in giving back to our community, and our culture is one that supports that. They are a family-oriented organization, and our employees feel like they are part of a family.

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golden company had the following accounts and balances at the end of the year. what are total assets at the end of the year?

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The golden company had the following accounts and balances at the end of the year. Accounts Payable $18,000 are total assets at the end of the year.

The assets is a set of collection like stock, gold etc, which has the chance to increase the price of the current market-price.

The accounts payable is the amount that transact after the selling of the gold products. It can include the depositing funds, and card transaction. The importance of asset is basically give strong impact on the IPO time, more investor can invest in the business if they have more assets.

The more assets reflects the good image of the business or company and show it is financially well and earn profitable by the selling more goods or services.

The Accounts Payable $18,000 are total assets at the end of the year.

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Which of the following has the lowest level of "trialability"?
Organic dog food.
Low-fat ice cream.
Surgically implanted hearing aids.
A new air freshener
None of the above

Answers

Option (c), The level of "trialability" for surgically implanted hearing aids is the lowest.

What does "trialability" actually mean?

Capable of being tested or proven in a court of law. Trialability is the term used to describe how easy it is for potential clients to test out your idea. Trialability is necessary for an idea to be accepted. Prospective clients want to try out your concept and evaluate its viability before making a commitment.

The degree to which a concept can be tested out in a small environment is referred to as trialability. For instance, people experiment with weight-control medications considerably more frequently than they would with stomach surgery, despite their mixed results.

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which of the following institutions oversees the safety and stability of the u.s. banking system?

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The Federal Reserve Board is the institution responsible and in charge of directing the monetary policy of the United States.

What are banks?

They are companies or financial entities in charge of safeguarding people's money. Banks allow people to make different transactions such as deposits, transfers or requests.

Banks are important because they help stimulate people's savings in order to finance their economic activities. The Federal Reserve Board is important because in addition to directing, it oversees the banking institutions in order to have stability within the financial system.

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organizations with a uniform relational compensation strategy:

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Which company is most likely to have a larger proportion of total pay at risk? a business that employs differentiation tactics.

What exactly does it entail to be compensated?

The word "compensation" typically refers to a financial payment provided to a person in exchange for their labor. At the office, workers toil to pay their bills. It includes the owner's salary or wages, any commission earned, and any additional perks or bonuses related to the position.

Which four forms of compensation are there?

Hourly, salary, commission, and bonus pay are the four main categories of direct compensation. The majority of people who inquire about compensation want to hear about direct compensation, especially base pay and indirect compensation. Hourly pay, salary, commission, and bonuses are the four primary forms of direct compensation.

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if a pharmaceutical company discovers a new drug and successfully patents it, patent law gives the firm a. partial ownership of the right to sell the drug for a limited number of years. b. sole ownership of the right to sell the drug for an unlimited number of years. c. partial ownership of the right to sell the drug for an unlimited number of years. d. sole ownership of the right to sell the drug for a limited number of years.

Answers

Government regulations and patent protection may result in market power. A company without market power is a monopoly. Patent law grants a monopoly the right to sell a new drug for an unlimited number of years when a pharmaceutical company discovers it.

Why does patent protection benefit pharmaceutical companies most?

The pharmaceutical industry is particularly dependent on patent protection. Because drug development is very expensive and takes a long time, pharmaceutical companies need enough protection to recoup their investments and make money, which would allow them to finance more R&D.

Why is a pharmaceutical company granted a patent, from an economic standpoint?

According to economic theory, granting firms monopoly rights through patents will cause prices to rise and the number of pharmaceuticals sold today will be inefficiently low.

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if one u.s. dollar buys 1.64 canadian, how many u.s. dollars can you purchase for one canadian dollar

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0.37 0.61 1.00 1.64 3.28. If one US dollar is comparable to 1.64 CA dollars.

Where Can I Find the Best CAD to USD Exchange Rates?

Wise continuously emerged as the least expensive services for money transfer with the greatest CAD to USD exchange rate from March 2021 to March 2022. Instarem and OFX have placed second and third during the past 12 months, respectively.

Although the US dollar is not accepted everywhere in Canada, the government does utilize the Canadian dollar as its international currency. We actually recommend using regional cash to buy items and services.

What is $100 US in Canadian currency?

136.44000

Are you paying your bank too much?

Acts of convert 10 US dollars = 13.64400 Canadian dollars

CAD 27.28800 USD 20

68.22000 CAD or 50 USD

136.44000 CAD or 100 USD

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which one of the following is implied by a lead time service level of 95 percent? multiple choice approximately 95 percent of inventory will be used during lead time. the probability is .95 that the order will arrive after the on-hand inventory is exhausted. the probability is .95 that demand during lead time will exactly equal the amount on hand at the beginning of lead time. approximately 95 percent of demand during lead time will be satisfied. the probability is .95 that demand during lead time will not exceed the amount on hand at the beginning of lead time.

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95 that demand during lead time will not exceed the amount on hand at the beginning of lead time of the following is implied by a lead time service level of 95 percent.

How is probability determined?

The probability is calculated by dividing the total number of outcomes by the total number of potential events. Odds and probability are two different concepts. Calculating odds involves dividing the probability of an event by the probability that it won't happen.

Probability is a branch of mathematics that deals with numerical representations of the likelihood of an event occurring or of a proposition being true. The probability of an occurrence is a number between 0 and 1, with 0 generally corresponding to the event's absence.

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jake nickell’s crowdsourcing approach to his business initially kept the business finances under control in all of the following ways except

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The following aspects of Jake Nickell's business's finances were initially kept under control thanks to his use of crowdsourcing, with the exception of the requirement for a fixed cost.

Define crowdsourcing.

Simply said, "crowdsourcing" refers to a sourcing strategy whereby people or organizations get goods or services from a sizable participant base. It should be mentioned that Jake Nickell's business's finances were initially kept under control by his use of crowdsourcing because it made it possible to print in volume and removed the need to recruit staff, among other benefits. It should be highlighted that the requirement for a fixed cost was still present.

Fixed costs, commonly referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services it produces. They frequently occur again and again, like monthly rent or interest payments.

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the electricity expense for a firm was budgeted as $2,100 but observed figures showed that the establishment spent $3,000 as an electricity expense. calculate the relative variance of the electricity expense for this firm by indicating the variance condition (favorable or unfavorable). group of answer choices 42.86% (u) 42.00% (u) 42.86% (f) 41.13% (f)

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The relative variance of the electricity expense for this firm by indicating the variance condition is 42.86% option b.

Budgeted electricity expense- $2100
Actually spent- $3000
Change in electricity expenses= $900
$900 spent more than the budget (unfavorable) percentage of variance is
                              = $900/2100×100
                              = 42.86%
Variance condition- A conditional variance is the variance of a random variable determined by the value of one or more other variables in probability theory and statistics. The conditional variance is often referred to as the scedastic function or skedastic function, particularly in econometrics.

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poppy's gumball co. is planning to invest in a new marketing campaign that requires an initial investment of $85,000. the project is expected to generate net income of $27,200 and net cash flow of $40,000 per year. the accounting rate of return on the project is

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The accounting rate of return on the project is 1.26%.

An initial investment is that the beginning quantity of cash that it takes to either open an account or establish a buy-in relationship. The term “initial investment” is primarily utilized in 2 distinct however connected sectors: banking and future investment brokering.

Net income (NI), additionally known as web earnings, is calculated as sales minus value of products sold , selling, general and body expenses, in operation expenses, depreciation, interest, taxes, and alternative expenses. it's a helpful variety for investors to assess what quantity revenue exceeds the expenses of a company.

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florida is facing budget cuts. the number of state employees needs to be reduced over the next three years at all state agencies. the state decides to stop hiring new employees to fill vacated positions to comply with budgetary constraints. this approach is called

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Employers are looking for ways to tap people's creativity and interpersonal skills. The growth in e-commerce and the information economy has led to an increase in the demand for employees in service occupations.

Employment is a relationship among  parties regulating the provision of paid labour services. normally based totally on a agreement, one birthday party, the company, which might be a organisation, a now not-for-income organisation, a co-operative, or every other entity, will pay the alternative, the employee, in return for wearing out assigned work.[1] employees work in return for wages, which can be paid on the premise of an hourly rate, by means of piecework or an annual profits, relying at the sort of work an employee does, the prevailing situations of the arena and the bargaining strength between the parties. personnel in some sectors may additionally get hold of gratuities, bonus bills or inventory alternatives. In a few varieties of employment, personnel might also obtain blessings in addition to fee.

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the list of current and potential customers that companies maintain for marketing purposes is called a

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A marketing database includes data about potential customers, past customers, and existing customers. Collecting client names and addresses is the simplest step in creating a data warehouse.

Database marketing is the systematic gathering, compiling, and processing of consumer data. A form of direct marketing is database marketing, also referred to as customer relationship management. A firm compiles and maintains customer and potential customer data in a database. Companies that use database marketing as a marketing strategy include retailers, technology suppliers, insurance providers, and other service providers. By acquiring this information, a company can better understand and market to its customers, thus increasing sales. The businesses with a sizable customer base will reap the greatest rewards from this marketing strategy since they will produce more transaction data, which increases the chances of identifying potential customers.

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a corporation issued 8%on july 1, shady creek resort borrowed $380,000 cash by signing a 10-year, 9% installment note requiring equal payments each june 30 of $59,212. what is the journal entry to record the first annual payment?

Answers

The journal entry to record the first annual payment is:

Notes Payable     25012  

 Interest expenses     34200  

      Cash account       59212

 (for the first installment paid)  

Journal access is a file of a business transaction in your commercial enterprise books. In double-access bookkeeping, you are making at least two magazine entries for each transaction. because a transaction can create lots of adjustments in an enterprise, a bookkeeper tracks all of them with magazine entries.

An instance of journal access consists of the purchase of equipment with our aid of us where the equipment account can be debited, and the coins account will be credited.  

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what does technical analysis look at for investment purposes? a company's revenue growth rate a company's competition a company's profit margins the recent price and volumes at which a stock has traded

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The technical analysis looks at for investment purposes, the recent price and volumes at which a stock has traded.

What is the purpose of technical analysis?

Technical analysis is the study of historical market information including price and volume. Technical analysts try to forecast future market behavior by using historical performance and knowledge from market psychology, behavioral economics, and quantitative analysis. The method of appraising companies based on historical volume and pricing data is known as technical analysis. TA mixes the "feeling" of valuing security with the utilization of historical data.

Technical analysis is a trading strategy that analyzes price movements and chart patterns to find trading opportunities and evaluate assets. Technical analysts think that a security's previous trading activity and price changes might be useful predictors of the security's future price movements.

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Which category of goods has the least elastic (most inelastic) price elasticity of demand?
O A. Vacations in the UK
O B. Vacations in England
O C. European vacations
O D. Vacations in London

Answers

British vacations The price elasticity of demand for the OB category of items is the lowest (or most inelastic).

What products' demand elasticity is the lowest?

The demand elasticity for goods that are regarded as necessary is low. Because customers depend on these as essentials rather than as luxuries, electricity, gas, oil, and water are all relatively inelastic.

What of the following has the lowest likelihood of becoming elastic?

The object is that has the lowest likelihood of becoming inelastic. Due to Shell's numerous rivals in the oil and gas retail industry, if Shell raises the price of gasoline, consumers will probably go to cheaper oil prices being offered by most likely tiny and independent firms.

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Gains and losses on the sale of long-term assets represent common items needing adjustment under the indirect method.

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Gains and losses on the sale of long-term non-operating assets represent common items needing adjustment under the indirect method.

What is cost allocation?

In Financial accounting, cost allocation can be defined as a strategic process which typically involves identifying, gathering, and assigning of cost across multiple cost objects such as products, assets, inventory, or departments.

Generally speaking, there are different types of cost allocation methods that are used in financial accounting and these include the following;

Activity-based management method.Reciprocal services method.Sequential method.Direct method.Indirect method.

Under the indirect method, we can reasonably infer and logically deduce that gains and losses that accrue on the sale of long-term non-operating assets generally represent common items that would require an adjustment.

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Complete Question:

Gains and losses on the sale of long-term ______ assets represent common items needing adjustment under the indirect method.

a. statistical discrimination results from ambiguous laws that allow this type of discrimination. firms having imperfect information regarding the actual productivity or skill of a potential employee. firms needing to make very quick judgments. firms hiring managers who explicitly favor some groups over others. b. one reason that statistical discrimination occurs in the labor market is the cost associated with doing extended interviews, background checks, and administering tests to ascertain true ability. different educational levels among different groups of individuals. women taking time off work to care for family members. customer preference for certain groups of individuals. c. one example of statistical discrimination is licensing requirements reducing the supply of labor in certain markets. union membership being required to apply for certain jobs. childcare providers being more inclined to hire woman than men because woman are seen as more nurturing. a company advertises a new it job but lists a certain certification as a requirement for being hired.

Answers

a. Statistical discrimination results from firms having imperfect information regarding the actual productivity or skill of a potential employee

b. One reason that statistical discrimination occurs in the labor market is the cost associated with doing extended interviews, background checks, and administering tests to ascertain true ability.

c. One example of statistical discrimination is childcare providers being more inclined to hire woman than men because woman are seen as more nurturing.

What is statistical discrimination?

Statistical discrimination is a theory of economics that aims to explain gender and racial inequalities.

Whenever an economic decision-maker utilizes visible qualities of individuals, such as physical attributes used to identify gender or race, as a substitute for otherwise unobservable variables that are result relevant, statistical discrimination happens. In the lack of direct knowledge regarding an individual's performance, qualification, or even criminal record, a decision-maker may fill the information gap with group averages (actual or imagined) or prejudices.

Generally two kinds of statistical discrimination is said to occur:

First moment discrimination: occurs when female workers are offered lower compensation because females are regarded to be less productive than male workers on average.

Second moment discrimination: occurs when female workers are discouraged from getting education and skills required for the job, based on the prejudice that female workers are less productive.

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mariano manufacturing can issue a 25-year, 8.1% annual payment bond at par. its investment bankers also stated that the company can sell an issue of annual payment preferred stock to corporate investors who are in the 40% tax bracket. the corporate investors require an after-tax return on the preferred that exceeds their after-tax return on the bonds by 1.0%, which would represent an after-tax risk premium. what coupon rate must be set on the preferred in order to issue it at par?

Answers

The required coupon rate of the preferred is 9.77%.

The coupon rate of the preferred stock will depend on the issuer and the terms of the offering.

Calculate the before-tax return of the bond:

Before-tax return of the bond = 8.1%

Calculate the after-tax return of the bond:

After-tax return of the bond = 8.1% x (1 - 0.4) = 4.86%

Calculate the required after-tax return of the preferred:

Required after-tax return of the preferred = 4.86% + 1.0% = 5.86%

Calculate the required before-tax return of the preferred:

Required before-tax return of the preferred = 5.86% / (1 - 0.4) = 9.77%

Calculate the required coupon rate of the preferred:

Required coupon rate of the preferred = 9.77%

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you are in charge of determining the order precedence rules for the upsilon stock exchange, which operates as a continuous electronic limit order book. if upsilon's goal is to attract small market orders, what order precedence rule should upsilon use to decide which standing limit order trades against incoming market orders?

Answers

Standing limit orders for price, time, and size are traded against incoming market orders.

What is a limit order book, and how may limit order books be used to think about liquidity?

A limit order book is a listing of all active limit orders kept by the exchange's security specialist. An order to purchase or sell a security at a set price or higher is known as a limit order. The security expert keeps a record of every limit order placed on a security.

Which kind of order is carried out immediately following the achievement of a given price target?

market conduct

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Which of the following best describes the role of the central bank? a. temporary control
b. limited to no control
c. control is shared between the central bank and the federal government
d. significant control
e. complete control

Answers

Maintaining macroeconomic stability, serving as the lender of last resort for financial stability, acting as a bank for the government, carrying out the monetary policy, and overseeing the financial sector are the five duties / role of a central bank.

What are the four functions and reasons a central bank is important?

An independent national body known as a central bank manages monetary policy, oversees bank regulation, and offers financial services, such as economic research. Its objectives are to maintain low unemployment, avoid inflation, and stabilise the national currency.

What is the central bank and what is its specific function?

An organisation that controls the commercial banking system and regulates the currency and monetary policy of a state or formal monetary union is known as a central bank, reserve bank, or monetary authority.

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nicodemo recently finished paying his taxes after his first year running his own business. he signs into his bank account and is pleased to notice that he was left with a significant cash balance. which of the basic rights under capitalism does this best represent?

Answers

This best exemplifies the fundamental liberties guaranteed by capitalism, including the right to make and keep money.

The correct answer is D.

What are the rights of individuals in capitalism?

One of the four fundamental rights that form the basis of capitalism is the right to own private property. being able to manage your own business and keep all of its profits. the right to competitive freedom. the right to make any decision.

The only political and economic system founded on the idea of individual rights is capitalism. This indicates that capitalism acknowledges that every single person is the owner of his or her own life and has the freedom to lead any way they choose, as long as they don't violate anyone else's rights.

(1) liberty of choice; (2) private property rights; (3) owners' interest in profit; and (4) owner control.

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I understand that the question you are looking for is:

Nicodemo recently finished paying his taxes after his first year running his own business. He signs into his bank account and is pleased to notice that he was left with a significant cash balance. Which of the basic rights under capitalism does this best represent?

A. the right to own property

B. the right to avoid exploitation

C. the right to free choice

D. the right to make and keep profits

E. the right to entrepreneurial sovereignty

Levered, inc., and unlevered, inc., are identical in every way except their capital structures. each company expects to earn $29.5 million before interest per year in perpetuity, with each company distributing all its earnings as dividends. levered’s perpetual debt has a market value of $96 million and costs 7 percent per year. levered has 2.8 million shares outstanding, currently worth $110 per share. unlevered has no debt and 5 million shares outstanding, currently worth $85 per share. neither firm pays taxes. what is the value of each firm? (do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g.,1,234,567.)

Answers

The value of each Levered firm is -  $308,000,000 and Unlevered firm is  - $425,000,000

Equity value :

Stock value, commonly referred to as market value or market capitalization of a stock, can be defined as the total value of a company attributable to its shareholders. It is calculated by multiplying the stock price of a company by the number of shares outstanding. Equity value is the value of a company available to owners or shareholders. It is enterprise value plus all cash and cash equivalents, current and long-term investments, less all current debt, long-term debt and minority interests.

The formula to compute the equity value is shown below:

Equity value = Number of outstanding shares × current worth per share

For Levered, the equity value would be

= 2,800,000 shares × $110

= $ 308,000,000

For Unlevered, the equity value would be

= 5,000,000 shares × $85

= $ 425,000,000

We normally  multiply the number of outstanding shares with the current expense  per share so that the equity value can come.

What is the stock value per share?

Book value per share (BVPS) measures the valuation of a stock and allows investors to assess a company's financial health. BVPS can use snapshots of current share capital and outstanding shares to assess whether a stock is undervalued or overvalued.

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3. would you expect the price elasticity of supply for lumber to be elastic or inelastic? explain what factors inform your expectation.

Answers

Some worry that growing inflation may "overheat" the economy, although data suggest that producers are adjusting to meet the rising demand for products and services. Bacon, automobiles, and trucks, among other high-priced items, cannot be produced fast enough to meet demand. Truck driver shortages affect other supply chains. As supply meets demand, prices should normalize.

Lumber prices dropped below their start-of-year levels after reaching record highs in early summer. Reduced supply in 2019 and rising demand in 2020 caused the early price hike. Cost-cutting lumber firms closed plants and curtailed capacity in 2019. In 2020, many people worked from home, renovated their homes, and built new homes due to low mortgage rates. Lumber businesses increased production as demand rose. As the economy rebounds and people leave their houses, DIY project demand has plummeted, lowering prices.

Other markets with comparable price rises may follow suit. However, industry-specific stabilization times vary.

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many reasons for marketing consumer products and services abroad match with those for marketing industrial goods abroad. however, there is one important additional reason for marketing industrial goods abroad that does not apply to the consumer market. what is that reason? group of answer choices

Answers

Purchaser advertising and marketing is the try to sell services or products to their likeliest consumers. A patron is someone who buys matters for a non-business cause, both for themselves or for others.

Consumer markets consist by and large of products that people use as part of their ordinary lives. each time someone purchases a product for his or her very own use, they emerge as part of the patron marketplace. The market typically is split into 4 special categories: food, beverages, transportation and retail.

The consumer is the one who is the quit-consumer of any items or offerings. Any person, other than the customer who buys the product or offerings, and consumes the product through taking his/her permission is labeled as a purchaser.

Consumers markets are the main supply of demand for all the products. The producers of commercial goods or the producers of agricultural merchandise are all producing the various items in keeping with the demand inside the marketplace. according to Prof. Marshall, it is the demand which controls the production or market.

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what is retailing? group of answer choices it is the merchandising component of the retail mix. it is the set of business activities that adds value to the products and services sold to consumers for their personal use.

Answers

Retailing is the merchandising component of the retail mix. It includes the sale of products and services from the point of purchase to the end user who will utilize the product.

Retailing

the actions involved in selling commodities to final consumers for personal or home consumption: the business of selling things to clients directly for their own use. Goods in little quantities: A retail transaction involves far fewer items than a manufacturing or wholesale transaction. Direct to consumer: Retail outlets are the last points of distribution where real sales to customers take place. Retailing of services: Retailers do not necessarily sell actual products; their offers can include services. Service retailing is the method through which a retailer deals with services. Service retailing includes establishments such as restaurants, motels, and bars.

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meredith is looking for a way to clearly communicate why her prospects should do business with her. meredith should learn how to:

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Meredith is looking for a way to clearly communicate why her prospects should do business with her. Meredith should learn how to: Develop customer value propositions.

What is customer?A customer refers to an individual or company that purchases goods from another business. Customers are very important because they generate revenue. A customer is a person or company that purchases  goods or services. By consuming goods and services, customers become consumers. Buyers, users, influencers, administrators,  distributors.  In the fields of sales, commerce, and economics, a customer (sometimes called a customer, purchaser, or purchaser) is  a financial transaction or money or other value of value from a seller, seller, exchange for business. When determining who your customers are, you should always focus on the people who use your product. They are the people for whom value is being created and  why markets and products exist.

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