Given,The expected return on equity (ROE) = 25%The plowback ratio = 0.2Earnings per share (EPS) = $3 per shareRate of return on stock (R) = 12%Using the above-given data, we have to find the price at which ART shares would sell in 4 years.The formula for the price of a stock with constant growth is given by,P0 = (D1 ÷ (k – g))Where, P0 = price of stock at time 0D1 = expected dividend per share at the end of one yeark = required rate of returng = dividend growth ratePlowback ratio = 1 – Payout ratioPlowback ratio = 0.20Payout ratio = 1 – 0.20= 0.80The dividend payout ratio is
calculated as follows:Dividend payout ratio = Dividend per share ÷ Earnings per shareThe dividend per share is calculated as follows:ROE = Net Income ÷ Shareholder’s EquityNet Income = ROE × Shareholder’s EquityNet Income = 0.25 × Shareholder’s EquityDividend = (1 – Plowback ratio) × EPSDividend = (0.80) × $3 = $2.40Now,Dividend payout ratio = Dividend per share ÷ Earnings per share0.8 = 2.4 ÷ EPSEPSEPS = 2.4 ÷ 0.8 = $3Expected dividend (D1) = Dividend × (1 + g)D1 = $2.40 × (1 + 0.20)D1 = $2.88The required rate of return is given as 12%.Thus, k = 12% = 0.12.The dividend growth rate (g) is calculated using the following formula:g = Retention ratio × ROEg = 0.20 × 0.25 = 0.05The
value of P0 is calculated as follows:P0 = (D1 ÷ (k – g))P0 = ($2.88 ÷ (0.12 – 0.05))P0 = $2.88 ÷ 0.07P0 = $41.14The formula to calculate the price of a stock at any point in the future (Pn) is given by:Pn = P0 (1 + g)nWhere, P0 is the price of the stock at time 0, and g is the expected growth rate in dividends and n is the number of years.Now we have to find the value of P4Price of the stock at the end of 4 years (P4) = P0 (1 + g)n = $41.14 (1 + 0.05)4≈ $53.96Therefore, the price of the ART shares in four years is $53.96. Hence, the option (a) is correct.
To know more about share Rate visit:-
https://brainly.com/question/15089695
#SPJ11
Analyzing A Movie with Strategic Management Thinking **Prepared as Homework Assignment." Course Description: BUS 436 Strategic Management Course Teacher: Asst.Prof.Dr. Tolga TÜRKÖZ Student Name & Surname: Student Id: Business Management Programme ISTANBUL - 2022 1. TITLE OF THE MOVIE (IMDB Rating, Director, Writers, Production Company, Release Date, Stars) 2. INTRODUCTION 3. MAIN TEXT 4. CONCLUSION
Title of the Movie The Lion King (IMDB Rating - 8.5/10, Director - Jon Favreau, Writers - Jeff Nathanson and Brenda Chapman, Production Company - Walt Disney Pictures, Release Date - 19 July 2019, Stars - Donald Glover, Beyoncé, Seth Rogen, James Earl Jones)Introduction.
The Lion King was based on the story of a young lion named Simba who is the future king of the Pride Lands, a kingdom ruled by Mufasa. Scar, Mufasa's brother, plots to overthrow Mufasa and kill Simba. Simba survives and must face his uncle to take his place as king.Main Text: Strategic management thinking has a lot to do with the success of the Lion King. Strategic management can be seen as a continuous process of analyzing and managing resources and competencies to attain long-term business objectives. The movie was not only popular, but it was also a major commercial success, grossing more than $1.6 billion worldwide. The movie, The Lion King, is an example of how the strategic management process can be used in filmmaking to ensure success in the long term. The following are ways in which the strategic management process can be seen in The Lion King:1. Competitive Advantage: One of the primary focuses of strategic management is the attainment of a competitive advantage. The Lion King has a competitive advantage due to the brand that Disney has created over the years. Disney has been making movies for over 90 years and has created a strong brand in the entertainment industry. By leveraging the strength of its brand, Disney was able to ensure that the Lion King was a commercial success.2. Resource Management: Resource management is a vital aspect of strategic management.
The Lion King was a huge production that involved a large team of actors, animators, and production staff. Disney was able to manage these resources effectively to ensure that the film was completed on time and within budget.3. SWOT Analysis: Strategic management involves analyzing a company's strengths, weaknesses, opportunities, and threats (SWOT). Disney conducted a SWOT analysis on The Lion King to identify its strengths and weaknesses and to are determine how best to market the film.4. Risk Management: Strategic management involves identifying and managing risks. The Lion King was a risky project, given that it was a remake of an already popular movie. Disney was able to manage this risk by ensuring that the movie was directed by Jon Favreau, who had a proven track record of directing successful movies . In conclusion, the strategic management process played a vital role in the success of The Lion King. By leveraging its brand and managing its resources effectively, Disney was able to create a movie that was both popular and commercially successful. Through the use of SWOT analysis and risk management, Disney was able to identify and manage risks, ensuring the long-term success of the movie. Therefore, analyzing a movie with strategic management thinking is a valuable exercise as it highlights the importance of planning and management in the success of any project.
To know more about Introduction Visit ;
https://brainly.com/question/27143400
#SPJ11
what is the maximum allowable current through a 10 k, 10 w resistor? through a 10 k, 1/4 w resistor?
The maximum allowable current through a 10 k, 10 W resistor is 1 A, and through a 10 k, 1/4 W resistor is 5 mA.
The maximum allowable current through a 10 k, 10 W resistor and through a 10 k, 1/4 W resistor is computed below:
For the 10 k, 10 W resistor:
We can use Ohm's Law to find out the maximum allowable current through a 10 k, 10 W resistor.
Ohm's Law states that: V = IRwhere; V is the voltage the current is the resistance
Rearranging, I = V/RI = P/VR = 10 kΩP = 10 WSo, I = P/V = (10W/10kΩ) = 1 AFor the 10 k, 1/4 W resistor:
For the 10 k, 1/4 W resistor, the maximum allowable current can be calculated as follows: Maximum allowable current = √(P/R)Where:P = 1/4 W = 0.25 WR = 10 kΩ
∴ Maximum allowable current = √(P/R) = √(0.25W/10 kΩ) = 5 mA
Therefore, the maximum allowable current through a 10 k, 10 W resistor is 1 A and through a 10 k, 1/4 W resistor is 5 mA.
Know more about a resistor here:
https://brainly.com/question/30672175
#SPJ11
Carol is an agent for Dirk, a recording artist. Carol makes a deal for Dirk to record exclusively for six years for Excel Music, Inc. For the contract to be binding on Dirk, it must be signed by
a. Carol
b. Carol and Dirk.
c. Excel Music only.
d. none of the above.
The correct answer is b. Carol and Dirk. For a contract to be binding, all parties involved must sign it. In this case, since the contract involves Dirk recording exclusively for Excel Music, both Carol (as Dirk's agent) and Dirk (as the recording artist) must sign the contract.
The contract for Dirk to record exclusively for six years for Excel Music, Inc. must be signed by both Carol and Dirk. A contract is only legally binding when all parties involved have signed it. In this case, since the contract involves Dirk's exclusive recording agreement with Excel Music, both Dirk (as the recording artist) and Carol (as Dirk's agent) must sign the contract to make it enforceable.
Both Carol and Dirk must sign the contract for the recording artist to be bound by the exclusive recording agreement with Excel Music, Inc.
To know more about Music visit:
https://brainly.com/question/31521618
#SPJ11
How would you assess Target's lobbying on federal sales tax legislation from legal, ethical, and economic perspectives? Question Should we understand Target's contribution to MN Forward in 2010 as another form of lobbying or is it different? Why or why not? Looking ahead, what standards or guidelines will you develop to deal with the challenges raised by the engagement of business with public issues and institutions? As Brian Cornell, CEO of Target, what steps should you take given the boycott and declining sales?
From a legal perspective, Target's lobbying on federal sales tax legislation is legal and protected by the First Amendment right to free speech and the right to petition the government. From an ethical perspective, however, the appropriateness of Target's lobbying may be questioned depending on the specific issues at hand.
From an economic perspective, Target's lobbying on federal sales tax legislation may be seen as a way to level the playing field with online retailers who may have an advantage due to not collecting sales tax. This could be seen as a positive economic outcome for Target and other brick-and-mortar retailers who may benefit from a more competitive marketplace.
Target's contribution to MN Forward in 2010 could be seen as another form of lobbying, as the funds were used to support political candidates who aligned with Target's interests. As CEO of Target, Brian Cornell should take steps to address the boycott and declining sales. This could include listening to and addressing concerns from stakeholders, communicating the company's values and commitment to social responsibility, and taking action to ensure the company's actions align with those values. Target could also consider implementing initiatives to address social and environmental issues that are important to its customers, such as sustainability and diversity and inclusion efforts.
To know more about federal visit :-
https://brainly.com/question/14933175
#SPJ11
Please apply and analyze an appropriate forecasting analytical
technique to solve a problem of fraud at your choice.
Fraud is an illegal activity that damages society and organizations. Therefore, fraud detection is necessary to prevent it. One of the techniques used for fraud detection is forecasting analysis. This analytical technique uses historical data to predict future outcomes. Once these patterns are identified, they can be used to develop a fraud detection system that will alert the organization when these patterns are detected.
Forecasting analysis technique can help to predict the behavior and identify patterns that are commonly associated with fraudulent activities.
By analyzing historical data, an organization can determine the typical characteristics of fraudulent activities. The techniques used in forecasting analysis include moving averages, exponential smoothing, and linear regression.
Moving averages: A moving average is a technique that helps to determine trends in data. It involves computing the average of a set of values over a specific period. This technique is useful for smoothing out fluctuations and identifying patterns in data.Exponential smoothing: Exponential smoothing is another technique used to smooth out data. It involves calculating the weighted average of past data points.
This technique is useful when there is a trend in the data.
Linear regression: Linear regression is a statistical technique that helps to determine the relationship between two variables. It is useful for identifying trends and making predictions based on the relationship between the two variables. To apply forecasting analysis in solving the problem of fraud, historical data on fraudulent activities can be collected. This data can then be analyzed using the techniques described above.
The results of the analysis can help to identify patterns that are commonly associated with fraudulent activities. Once these patterns are identified, they can be used to develop a fraud detection system that will alert the organization when these patterns are detected.
to know more about Fraud visit :
https://brainly.com/question/29811400
#SPJ11
Discuss the linkages between supply chain strategies and
internal functional strategies with an example. You can use the
sources on the net but will need to explain the integration, and
also cite the
The linkages between supply chain strategies and internal functional strategies are crucial for achieving operational efficiency and customer satisfaction.
The integration between supply chain strategies and internal functional strategies is essential for achieving a synchronized and effective operation. For example, in the context of lean manufacturing, supply chain strategies are aligned with production and inventory management strategies to ensure a smooth flow of materials and minimize waste.
In lean manufacturing, the supply chain strategy focuses on establishing strong relationships with suppliers to ensure a steady supply of high-quality materials. This strategy is integrated with procurement and supplier management functions, where close collaboration with suppliers is maintained to optimize lead times, manage costs, and ensure quality standards.
Furthermore, the production strategy is aligned with the supply chain strategy by implementing just-in-time (JIT) principles, where materials are delivered in small batches as needed to avoid excess inventory and reduce lead times. This integration requires coordination between production planning, scheduling, and logistics to ensure that materials arrive on time to support production activities.
Learn more about supply chain here:
https://brainly.com/question/28170153
#SPJ11
Ashley works in an accounting firm. With the tax season quickly approaching, Ashley ‘s manager knows that their previous customers will once again look for an accounting firm to help them file their tax returns.
Ashley’s manager asks him to produce a promotional letter that will help bring back previous customers.
Assume you are in the position of Ashley.
We hope this letter finds you in good health and spirits. As we enter the tax season, we would like to express our gratitude to our previous customers for their trust and support in our accounting firm. We understand that filing taxes can be a complex and daunting task for many individuals and businesses.
Our team of experienced professionals is committed to providing you with accurate, reliable, and timely tax services.We take pride in our personalized approach, tailoring our services to meet the unique needs of each of our clients. Our goal is to minimize your tax liability while maximizing your tax refunds. With our expertise and attention to detail, we can ensure that your tax returns are completed accurately and efficiently.In addition to tax preparation and filing, we offer a range of accounting services, including bookkeeping, payroll, and financial planning
.
Our commitment to our clients extends beyond tax season; we strive to establish long-term partnerships that support your financial goals.We would be honored to have the opportunity to work with you again this tax season. Please feel free to contact us to schedule a consultation or if you have any questions about our services.Thank you for considering our firm for your tax needs. We look forward to serving you.
In summary, the promotional letter should express gratitude, highlight the firm's expertise, and the personalized approach to tax services. The letter should also mention the additional accounting services offered and establish a long-term relationship with clients.
To know more about Tax Return visit-
brainly.com/question/32360678
#SPJ11
At May 31, 2020, the accounts of Sheffield Company show the following. 1. May 1 inventories-finished goods $14,800, work in process $17,600, and raw materials $8,600. 2. May 31 inventories-finished go
The inventory values of Sheffield Company as of May 31, 2020, were not provided.
However, the inventory balances as of May 1, 2020, were as follows: finished goods $14,800, work in process $17,600, and raw materials $8,600. The information given states the inventory balances of Sheffield Company as of May 1, 2020. The company had finished goods inventory worth $14,800, work in process inventory valued at $17,600, and raw materials inventory amounting to $8,600.
Unfortunately, the inventory values as of May 31, 2020, were not provided in the question. To calculate the change in inventory from May 1 to May 31, the values of both the beginning and ending inventories are required. Without this information, it is not possible to determine the change in inventory levels during the month of May.
It's important to note that inventory values can fluctuate due to various factors, such as production, sales, and purchases. Tracking inventory levels is crucial for businesses to manage their supply chain, assess profitability, and make informed decisions regarding production and sales.
To learn more about inventory values refer:
https://brainly.com/question/32114519
#SPJ11
The price of Doritos are expected to triple next month This event causes a change in The demand for Doritos today would The shifter used to explain?
The expected tripling of the price of Doritos next month would cause an increase in the demand for Doritos today due to consumers wanting to purchase the product at a lower price before the anticipated price hike.
How does the expected price increase of Doritos affect current demand?The expected tripling of the price of Doritos next month would likely lead to a change in the current demand for Doritos today. This change in demand can be explained using the concept of "expected future prices," which is one of the determinants of demand.
In this case, the expected future price of Doritos is anticipated to increase significantly. When consumers expect the price of a product to rise in the future, it often influences their current buying decisions. They may decide to purchase more of the product now, before the price hike, to take advantage of the lower price.
The shifter used to explain this change in demand would be the "expectations of future prices" or "future price expectations" factor. Other factors that can shift the demand curve include changes in income, prices of related goods, consumer preferences, population demographics, and advertising/marketing campaigns, among others. However, in this specific scenario, the expectation of a price increase is the primary driver of the change in demand for Doritos today.
Learn more about: current demand
brainly.com/question/12478954
#SPJ11
For this assignment research the Enron scandal
What happened?
How did accounting play a role?
Who were the main people involved and their role?
What were the results and aftereffects/legacy
The Enron scandal was a major corporate fraud case that unfolded in 2001, resulting in the bankruptcy of Enron Corporation. Accounting played a central role in the scandal as Enron used deceptive practices, such as mark-to-market accounting and the creation of special purpose entities, to manipulate financial statements and hide debt. Key individuals involved were Enron executives, including CEO Jeffrey Skilling and CFO Andrew Fastow, who orchestrated the fraudulent activities. The scandal led to the collapse of Enron, significant financial losses for investors, and a loss of trust in corporate governance and accounting practices. It also prompted regulatory reforms, such as the Sarbanes-Oxley Act, aimed at enhancing corporate transparency and accountability. The Enron scandal serves as a stark reminder of the risks associated with corporate fraud and the importance of ethical financial reporting
Enron engaged in deceptive accounting practices to hide its debt and create a false impression of financial stability. The company used off-balance-sheet entities and aggressive accounting techniques to manipulate its financial statements. Key individuals involved were Kenneth Lay (Chairman and CEO), Jeffrey Skilling (CEO), and Andrew Fastow (CFO). The scandal led to Enron's collapse, significant financial losses for stakeholders, and legal consequences. It also resulted in reforms to corporate governance and accounting standards through the enactment of the Sarbanes-Oxley Act.
learn more about scandals here:
https://brainly.com/question/901107
#SPJ11
A manufacturing company has identified several costs. Indicate whether each of the following costs is an Inventoriable cost(l) or a period cost(P): 1. Rent Expense on factory equipment Choose... 2. Cost of subasemblies used in producing product Choose.... 3. Wages of machine operators in factory Choose... 4. Rent Expense on computers at corporate office Choose... + 5. Wage Expense for janitors in factory Choose... + Choose. 6. Repairs Expense for factory equipment 7. Office Supplies Expense at corporate office Choose... Choose... 8. Wage Expense for janitors at corporate office 9. Wages of security guards at corporate office Choose... 10. Property taxes on factory building and land Choose....
1. Rent Expense on factory equipment: Period cost (P)
Explanation: Rent expense on factory equipment is a period cost because it is not directly associated with the production of a specific product. It is a cost incurred to operate the factory and is expensed during the period in which it is incurred.
2. Cost of subassemblies used in producing product: Inventoriable cost (I)
Explanation: The cost of subassemblies used in producing a product is an inventoriable cost because it directly relates to the production of specific products. It becomes part of the inventory and is recognized as an expense when the finished products are sold.
3. Wages of machine operators in factory: Inventoriable cost (I)
Explanation: The wages of machine operators in the factory are an inventoriable cost because they are directly involved in the production process. These wages contribute to the cost of producing the goods and are included in the inventory until the products are sold.
4. Rent Expense on computers at corporate office: Period cost (P)
Explanation: Rent expense on computers at the corporate office is a period cost because it is not directly related to the production of goods. It is an administrative expense incurred to support general corporate operations and is expensed in the period incurred.
5. Wage Expense for janitors in factory: Period cost (P)
Explanation: Wage expense for janitors in the factory is a period cost. It is not directly related to the production process but rather supports the general operations and maintenance of the factory facility. Therefore, it is expensed in the period incurred.
6. Repairs Expense for factory equipment: Period cost (P)
Explanation: Repairs expense for factory equipment is a period cost. It is an expense incurred to maintain and repair the factory equipment and is not directly associated with the production of a specific product. Therefore, it is expensed in the period incurred.
7. Office Supplies Expense at corporate office: Period cost (P)
Explanation: Office supplies expense at the corporate office is a period cost. It is not directly related to the production process but supports the general administrative functions of the corporate office. Therefore, it is expensed in the period incurred.
8. Wage Expense for janitors at corporate office: Period cost (P)
Explanation: Wage expense for janitors at the corporate office is a period cost. It is an administrative expense incurred to support the maintenance and cleanliness of the corporate office, and it is expensed in the period incurred.
9. Wages of security guards at corporate office: Period cost (P)
Explanation: Wages of security guards at the corporate office are a period cost. They are an administrative expense incurred to ensure the security and protection of the corporate office and its assets. Therefore, they are expensed in the period incurred.
10. Property taxes on factory building and land: Period cost (P)
Explanation: Property taxes on the factory building and land are a period cost. They are expenses related to the ownership of the factory facility and the land on which it is located. These taxes are typically incurred on a periodic basis and are expensed in the period incurred.
To know more about Property visit-
brainly.com/question/32383140
#SPJ11
The long-term bonds of Topstone Industries pay semiannual coupons, have a face value of $1,000, a 9% coupon rate, and mature in 3 years. Find the cost of debt if the bonds are currently selling for $900." 13.30% 12.24% 13.25% 14.21% 13.14%
To find the cost of debt, we can use the yield to maturity (YTM) formula. The yield to maturity represents the total return an investor can expect to earn if they hold the bond until maturity.
The formula to calculate the yield to maturity is as follows:
YTM = (C + ((F - P) / n)) / ((F + P) / 2)
Where:
YTM = Yield to maturity
C = Coupon payment per period
F = Face value of the bond
P = Price of the bond
n = Number of periods until maturity
Given:
Coupon rate = 9% (coupon payment per period = 0.09 * F / 2)
Face value (F) = $1,000
Price (P) = $900
Maturity (n) = 3 years
Plugging in the values into the formula:
YTM = (0.09 * 1000 / 2 + ((1000 - 900) / 3)) / ((1000 + 900) / 2)
YTM = (45 + 33.33) / 950
YTM = 78.33 / 950
YTM ≈ 0.08245 or 8.245%
The cost of debt is equal to the yield to maturity, which is approximately 8.245%. Therefore, none of the given options match the calculated cost of debt.
To learn more about yield to maturity visit:
brainly.com/question/15215595
#SPJ11
pls
answer quick thank you
The potential of a bond issuer not being able to repay the bond holder is called: Select one: a. repayment peril. b. payment jeopardy. moral hazard. c. d. default risk. 26 27 28 Finish attempt.... Tim
The potential of a bond issuer not being able to repay the bond holder is called d. default risk.
Default risk refers to the possibility that a bond issuer may fail to make the required payments of principal and interest to the bond holders. It represents the credit risk associated with the issuer's ability to meet its financial obligations. When an issuer defaults on its bond payments, it can result in financial loss for the bond holders.
The term used to describe the potential of a bond issuer not being able to repay the bond holder is default risk. Bond holders take this risk into consideration when assessing the creditworthiness of the issuer and determining the appropriate level of return for their investment.
To know more about default risk., visit :
https://brainly.com/question/28235630
#SPJ11
The accounting system should ensure which of the following when paying bills? A) A hard copy of the bill has been received. B) Payments are made only for bona fide expenses incurred by the company. C) Bills are paid in a timely fashion. D) Payments are made only for bona fide expenses incurred by the company and Bills are paid in a timely fashion
The accounting system should ensure that payments are made only for bona fide expenses incurred by the company and that bills are paid in a timely fashion. Option D is correct.
The accounting system should ensure that payments for bills meet two key requirements:
Payments are made only for bona fide expenses incurred by the company: This means that the accounting system should have controls in place to verify that the bills being paid are legitimate and related to valid expenses of the company. It should prevent unauthorized or fraudulent payments and ensure that the company's funds are used appropriately.Bills are paid in a timely fashion: The accounting system should include procedures and processes that enable prompt payment of bills within the agreed-upon terms. Timely payment helps maintain good relationships with vendors, avoids late payment penalties, and ensures the smooth functioning of business operations.By incorporating these two aspects into the accounting system, companies can ensure that their bill payment process is effective, efficient, and aligned with good financial management practices. It promotes financial integrity, minimizes the risk of fraudulent or unauthorized payments, and maintains positive relationships with vendors and suppliers.
To learn more about accounting system, Visit:
https://brainly.com/question/26380452
#SPJ11
You have an investment that in today's dollars returns 15% of your investment in year 1, 12% in year two, 9% in year 3 and the remainder in year 4. What is the duration of this investment?
The term "duration of an investment" describes how long a person intends to retain a particular investment before selling or liquidating it. Depending on the investor's financial objectives, level of risk tolerance, and investing strategy, the duration may change. The duration of this investment is approximately 3.36 years.
To determine the duration of this investment, we need to calculate the weighted average of the time it takes to receive each portion of the return.
Using the formula for the weighted average duration, we get:
Duration = [(1*15) + (2*12) + (3*9) + (4*x)] / (15+12+9+x)
Where x is the percentage return in year 4.
Simplifying the equation, we get:
Duration = (63 + 4x) / (36 + x)
To solve for x, we know that the total return over the 4 years must add up to 100%. So:
15 + 12 + 9 + x = 100
x = 64
Plugging x back into the duration equation, we get:
Duration = (63 + 4(64)) / (36 + 64) = 3.36 years
Therefore, the duration of this investment is approximately 3.36 years.
To know more about Investments visit:
https://brainly.com/question/15105766
#SPJ11
BCG defines "mass affluent" as consumers with the incomes and the intent to sharply increase their acquisition of premium and luxury products. They represent the top tier of income earners in the respective countries usually the top 5% to 10%, depending on the market. BCG also calibrated across countries based on purchasing power and cost of living. "Often, purchase patterns were better measures of the mass affluent than only the stated income because consumers often understate incomes and in each market, income levels represent different purchasing power," Aparna explains. Who the mass affluent are It turns out that Southeast Asia's mass-affluent market is far more nuanced than the lavish spenders and high-net-worth individuals portrayed in the recent hit movie Crazy Rich Asians. Most are also young, aware of international trends and digitally engaged. Among the BCG report's key findings are that more than 90% of the mass affluent acquired their wealth as salaried professionals or by running businesses; only a small minority inherited their wealth. Nearly two-thirds are under 40 years of age, and three-quarters rose up from the middle class within the past 10 years. Although they are starting to buy luxury goods, many are still in the process of trading up to premium products in categories such as personal care, F&B and footwear. "So, these consumers are relevant not only for luxury brands, such as Chanel and Diageo, but also for companies such as Johnson & Johnson, Procter & Gamble, Heineken and adidas," the report states. BCG notes that the buying propensity of the mass affluent also tends to be more stable than that of the middle-class during times of economic volatility. The mass affluent seem to be more digitally engaged than the other income segments. For example, 59% of affluent Thais and 88% of affluent Filipinos actively use digital channels during the shopping process. Interestingly, the affluent take 12 international trips a year on average. And, they buy more than 40% of their cosmetics, watches and skincare products while travelling. Also, a remarkably high proportion of Southeast Asia's mass-affluent consumers share similar values and preferences, even though they remain separated by language, culture and distance. This may largely be due to their frequent travel and social media use. Case 2 "Tap the mass affluent, Southeast Asia's new consumer mega market' December 5, 2018 CONSUMER companies targeting Southeast Asia would do well to zero in on the region's mass affluent, a segment of some 57 million people that is growing faster than the middle class. A new Boston Consulting Group (BCG) report finds that, because of the region's rapidly developing economies, tens of millions of people from the middle class are moving up fast into the ranks of the mass affluent an income segment that controls up to 40% of the region's household wealth despite comprising only 10% of its population. BCG projects that by 2030, the ranks of the mass affluent will reach 136 million, or 21% of the population, replacing the middle class as drivers of growth and creating vast opportunities for consumer product companies. "I think the mass affluent is a key segment for more consumer companies to think about, whether they are involved in food and beverage (F&B), banking, retail, luxury, consumer healthcare or accessories,"
It is interesting to note that Southeast Asia's mass-affluent consumers share similar values and preferences, even though they remain separated by language, culture, and distance, largely due to their frequent travel and social media use.
Southeast Asia's mass affluent is a new consumer mega market for consumer companies to target, as found by a new Boston Consulting Group (BCG) report. "Tap the mass affluent, Southeast Asia's new consumer mega market" reveals that the mass affluent segment of some 57 million people is growing faster than the middle class in the region. BCG projected that by 2030, the mass affluent would reach 136 million, or 21% of the population, replacing the middle class as drivers of growth and creating huge opportunities for consumer product companies.The top tier of income earners in the respective countries usually constitutes the top 5% to 10%, depending on the market, as BCG defined "mass affluent" as consumers with the incomes and the intent to sharply increase their acquisition of premium and luxury products. The buying propensity of the mass affluent tends to be more stable than that of the middle class during times of economic volatility, according to the report. They are starting to buy luxury goods, and many are still in the process of trading up to premium products in categories such as personal care, food and beverage (F&B), and footwear. Most are also young, aware of international trends, and digitally engaged. It is interesting to note that Southeast Asia's mass-affluent consumers share similar values and preferences, even though they remain separated by language, culture, and distance, largely due to their frequent travel and social media use.
To know more about Southeast Asia's visit:
https://brainly.com/question/15432079
#SPJ11
b) A process costing system is used as cost accumulation procedure that required for inventory valuation and profit measurement in those production industries. REQUIRED: i) Discuss when process costing system are appropriate and give examples; ii) Explain the term "equivalent units" and how to calculate; and iii) Compare the two methods used in computing the value of work in progress.
Process costing system is the method used to accumulate cost by unit. This method is applicable to industries where similar products are produced in large quantities and for long periods.
The objective of this system is to determine the cost of each unit produced by dividing the total cost of production by the total number of units produced. This method is useful in industries where products are produced in a continuous flow, and it is difficult to identify the costs of individual units. Some examples of industries where process costing system is applicable include the production of chemicals, food, cement, textiles, and paper products. Equivalent units are used in the process costing system to convert partially completed units into the equivalent number of completed units. The calculation of equivalent units considers the degree of completion of the unit. To calculate the equivalent units of a process, you multiply the actual number of partially completed units by the degree of completion of each unit. For example, if 1,000 units are 70% complete, then the equivalent units are 700 units (1,000 x 0.7). The computation of equivalent units is necessary to ensure that partially completed units are accounted for in the calculation of cost per unit.
There are two methods used in computing the value of work in progress, which includes the weighted average method and the FIFO method. The weighted average method considers the cost of all units produced in a given period and calculates the average cost per unit. On the other hand, the FIFO method considers the cost of the units produced first before considering the cost of units produced later. The choice of method to use depends on the nature of the industry and the method that is most accurate in reflecting the cost of production.
To know more about FIFO visit:
brainly.com/question/17236535
#SPJ11
O'Reilly and CB Solutions. Heather O'Reilly, the treasurer of CB Solutions, believes interest rates are going to rise, so she wants to swap her future floating-rate interest payments for fixed rates. Presently, she is paying LIBOR + 2.00% per annum on $5,000,000 of debt for the next two years, with payments due semiannually. LIBOR is currently 3.97% per annum. Heather has just made an interest payment today, so the next payment is due six months from now. Heather finds that she can swap her current floating-rate payments for fixed payments of 7.008% per annum. (CB Solutions' weighted average cost of capital is 12%, which Heather calculates to be 6% per 6-month period, compounded semiannually). a. If LIBOR rises at the rate of 50 basis points per 6-month period, starting tomorrow, how much does Heather save or cost her company by making this swap? b. If LIBOR falls at the rate of 25 basis points per 6-month period, starting tomorrow, how much does Heather save or cost her company by making this swap?
The swap ____ (cost or savings) for the first six-month period is $ ______. (Select from the drop-down menu and round to the nearest dollar.)
The swap ____ (cost or savings) for the second six-month period is $ ______. (Select from the drop-down menu and round to the nearest dollar.)
a. To calculate how much Heather saves or costs her company by making the swap when LIBOR rises at the rate of 50 basis points per 6-month period, we need to compare the future payments under the current floating-rate structure with the fixed-rate payments.
Let's calculate the payments under the floating rate first:
Floating rate payment = Principal * (LIBOR + Spread)
Floating rate payment = $5,000,000 * (0.0397 + 0.02)
Floating rate payment = $5,000,000 * 0.0597
Next, let's calculate the fixed rate payment using the swap rate:Fixed rate payment = Principal * Swap rateFixed rate payment = $5,000,000 * 0.07008Since the LIBOR rate is expected to rise by 50 basis points per 6-month period, we need to calculate the difference in payments over two years (four 6-month periods).Total savings or cost = Sum of (Floating rate payment - Fixed rate payment) for four 6-month periodsTotal savings or cost = [($5,000,000 * 0.0597) - ($5,000,000 * 0.07008)] + [($5,000,000 * 0.0597) - ($5,000,000 * 0.07008)] + [($5,000,000 * 0.0597) - ($5,000,000 * 0.07008)] + [($5,000,000 * 0.0597) - ($5,000,000 * 0.07008)]Total savings or cost = 4 * ($5,000,000 * 0.0597 - $5,000,000 * 0.07008)
To know more about floating click the link below:
brainly.com/question/31785286
#SPJ11
___ ratio measures how often an organization sells and replaces its inventory over a specified period of time. O Inventory turnover O Inventory cost O Inventory benefit O Inventory sales
The ratio that measures how often an organization sells and replaces its inventory over a specified period of time is the inventory turnover ratio.
The inventory turnover ratio, also known as inventory turnover or stock turnover, is a financial metric that measures the efficiency of a company's inventory management. It calculates how often a company sells and replaces its inventory during a specific period, typically a year. The formula for inventory turnover is:
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
By dividing the cost of goods sold by the average inventory, the ratio indicates how quickly a company is able to sell its stock and restock it. A higher inventory turnover ratio suggests that the company is selling its list more frequently, which is generally desirable as it implies efficient inventory management and faster cash flow generation. On the other hand, a lower inventory turnover ratio may indicate slower sales, excess inventory, or inefficiencies in managing inventory levels. Therefore, the inventory turnover ratio is important for assessing a company's inventory management efficiency and overall operational performance.
Learn more about inventory turnover radio, below:
https://brainly.com/question/12942515
#SPJ11
Following the recent events between Russia and Ukraine, the
Russian yield curve has become inverted. There are two reasons for
this situation: (1) the central bank raises interest rates to
offset shor
The Russian yield curve has become inverted following recent events between Russia and Ukraine due to two reasons: (1) the central bank raising interest rates to offset short-term uncertainties and stabilize the currency, and (2) investors seeking safe-haven assets, leading to increased demand for longer-term bonds and driving down their yields.
The inversion of the yield curve in Russia can be attributed to the response of the central bank and investor behavior. Firstly, in times of geopolitical tensions and uncertainties like the recent events between Russia and Ukraine, central banks often raise interest rates to mitigate potential risks, stabilize the currency, and control inflation. Higher interest rates on short-term bonds can make them more attractive, leading to increased demand and pushing down their yields.
Secondly, during periods of instability, investors tend to seek safe-haven assets to protect their capital. This flight to safety can result in increased demand for longer-term bonds, as they are perceived as less risky compared to other investments. The higher demand for longer-term bonds leads to a decrease in their yields, resulting in an inverted yield curve.
It is important to note that geopolitical events and their impact on financial markets are complex and multifaceted. Other factors, such as market sentiment, economic indicators, and global trends, can also contribute to the inversion of the yield curve. Therefore, a comprehensive analysis of various factors is necessary to fully understand the dynamics behind the inversion of the Russian yield curve in the specific context of recent events.
The recent events between Russia and Ukraine have contributed to an inversion of the Russian yield curve. The central bank's interest rate hikes to address uncertainties and stabilize the currency, along with investor preference for safe-haven assets, particularly longer-term bonds, are two key reasons behind this situation. Understanding these factors helps to comprehend the implications of geopolitical events on financial markets and the yield curve.
To know more about yield curve visit:
https://brainly.com/question/31532120
#SPJ11
4) Ann is taking a 1-year loan with payments at the end of each month. The first 8 payments are $1000 and the final 4 payments are $600. The nominal annual interest rate compounded monthly is 6%. Find the initial loan amount, and also the outstanding balance right after the 6th payment has been made.
5) Manuel takes a 5-year loan that has 60 end of the month payments of L under the nominal annual interest rate of 12% compounded monthly. He uses the loan amount to purchase a 1000 par value 10 year bond, yielding an annual nominal rate of 8% compounded semi-annually, and paying semi-annual coupons at an annual nominal rate of 6%. Find L.
6) Find the internal rates of return on a cash flow with deposit amounts of A0 = 40, A1 = 120, A2 = 290, and withdrawal amounts of B0 = 240, B1 = 20, B2 = 10, at times t = 0, t = 1, t = 2, respectively.
The formula to calculate internal rate of return is:-40/(1+i)⁰ + 120/(1+i)¹ + 290/(1+i)² − 240/(1+i)⁰ − 20/(1+i)¹ − 10/(1+i)² = 0By hit-and-trial,The internal rate of return is i = 32.95% (rounded to two decimal places).
4) Ann is taking a 1-year loan with payments at the end of each month. The first 8 payments are $1000 and the final 4 payments are $600. The nominal annual interest rate compounded monthly is 6%. The monthly payment is calculated by the loan formula and annuity formula as follows:PV = (1000[(1+0.005)¹⁰⁸ − (1+0.005)⁶])/(0.005(1+0.005)⁶) + 600[(1+0.005)⁶ − 1]/0.005PV = $8391.11Since PV + $1000 = $9391.11 is the amount borrowed, the initial loan amount is $9391.11.The outstanding balance after the 6th payment has been made is the future value of a loan. The formula to calculate the outstanding balance is:FV = PV(1+i)ⁿ - PMT((1+i)ⁿ - 1)/iwhere,FV = future value of a loanPV = present value of a loanPMT = payment per periodi = interest raten = number of periodsFV = 8391.11(1+0.005)⁶ - 1000[((1+0.005)⁶ − 1)/0.005]FV = $6828.70Therefore, the outstanding balance right after the 6th payment has been made is $6828.70.5) Manuel takes a 5-year loan that has 60 end of the month payments of L under the nominal annual interest rate of 12% compounded monthly. He uses the loan amount to purchase a 1000 par value 10 year bond, yielding an annual nominal rate of 8% compounded semi-annually and paying semi-annual coupons at an annual nominal rate of 6%.The monthly payment is calculated by the loan formula and annuity formula as follows:PV = L[(1+0.01)⁶⁰ − 1]/0.01PV = L[1146.74]PV = $1146.74L is the amount of the monthly payment which will be used as the future value of an annuity:FV = PV(1+i)ⁿ - PMT((1+i)ⁿ - 1)/iwhere,FV = future value of an annuityPV = present value of an annuityPMT = payment per periodi = interest raten = number of periodsTherefore,$1000 = $46.50(1+0.04)¹²⁰ + $1000/(1+0.04)¹²⁰FV = 1099.34L[ (1+0.01)⁶⁰ − 1 ]/0.01 = $1099.34L[1146.74]/0.01 = $1099.34L = $956.37Therefore, L = $956.37.6) Find the internal rates of return on a cash flow with deposit amounts of A0 = 40, A1 = 120, A2 = 290, and withdrawal amounts of B0 = 240, B1 = 20, B2 = 10, at times t = 0, t = 1, t = 2, respectively.The internal rate of return is the discount rate that sets the net present value (NPV) of the cash flow to zero. The formula to calculate internal rate of return is:-ΣAn/(1+i)ⁿ + ΣBn/(1+i)ⁿ = 0where,An = deposit amount in the nth periodBn = withdrawal amount in the nth periodi = internal rate of returnThe cash flow is given by:A0 = $40A1 = $120A2 = $290B0 = −$240B1 = −$20B2 = −$10The formula to calculate internal rate of return is:-40/(1+i)⁰ + 120/(1+i)¹ + 290/(1+i)² − 240/(1+i)⁰ − 20/(1+i)¹ − 10/(1+i)² = 0By hit-and-trial,The internal rate of return is i = 32.95% (rounded to two decimal places).
To know more about rate visit:
https://brainly.com/question/25565101
#SPJ11
Need help for this question and please tell me which criminology theory applies to your explanation. Your answer should look like you asked it from someone else (in short interview question). Please do not forget to support your answer with proper theory.
Q : What do you think could change people from involvement in crime ?
your answer should belong to one of these theories ( Rational choice, Social disorganization, Strain, Social learning, Social control or labeling or biology theory)
Interviewer: What do you think could change people from involvement in crime.
Interviewee: According to social control theory, if an individual has strong bonds with society, they are less likely to engage in criminal behavior. Social control theory states that individuals follow the law because of their social bonds with others, institutions, and society as a whole. The stronger these bonds are, the less likely an individual is to commit crimes.Among the elements of social control theory are attachment, commitment, involvement, and belief. Attachment refers to the emotional ties people have with family, friends, and community. Commitment refers to an individual's involvement in socially acceptable activities, such as education and employment. Involvement refers to the individual's active participation in activities that don't involve criminal behavior. Belief refers to an individual's acceptance of societal norms and values. Individuals who strongly believe in the law are less likely to break it. Therefore, social control theory believes that individuals with strong social bonds are less likely to engage in criminal behavior.
To know more about crime visit:
https://brainly.com/question/28311530
#SPJ11
Which assertion is most likely being tested when an auditor
traces transactions from the shipping log to the sales
journal?
a.
existence assertion
b.
valuation assertion
c.
completen
The assertion most likely being tested when an auditor traces transactions from the shipping log to the sales journal is the "completeness assertion."
The completeness assertion in auditing refers to ensuring that all transactions and events that should be recorded in the financial statements are actually included. By tracing transactions from the shipping log to the sales journal, the auditor is verifying that all sales transactions, as recorded in the shipping log, are properly recorded in the sales journal. This helps ensure that no sales are omitted or missed, thereby supporting the completeness assertion.
learn more about:- transactions here
https://brainly.com/question/24730931
#SPJ11
Find a real case study about group F in incoterms and state the
pros and cons of that case.
Incoterms (International Commercial Terms) is a series of trade terms that are used for international trade and the delivery of goods.
The terms provide a common set of rules and standards for the interpretation of trade terms in international trade, reducing misunderstandings and disputes. Group F terms under Incoterms are used for shipping goods by sea or inland waterway transport. These include FAS, FOB, and CFR.
One real case study that involves Group F terms is the 2016 Hanjin Shipping bankruptcy. Hanjin Shipping was a South Korean shipping company that filed for bankruptcy in August 2016. The bankruptcy resulted in delays and losses for many of the company's customers, including those who had used Group F terms for their shipping contracts.
Pros of Group F terms:
1. Buyer control: The buyer has control over the shipping process, allowing them to choose the shipping company and the shipping method. This gives them more control over the timing and cost of the shipment.
2. Cost savings: Group F terms can help to reduce shipping costs for the buyer. By using their own shipping company or method, the buyer can negotiate lower shipping rates, resulting in cost savings.
Cons of Group F terms:
1. Responsibility for the goods: Under Group F terms, the buyer assumes responsibility for the goods once they are loaded onto the shipping vessel. If anything happens to the goods during transit, the buyer is responsible for any damages or losses.
2. Delays and disruptions: The bankruptcy of Hanjin Shipping in 2016 resulted in significant delays and disruptions for customers who had used Group F terms. Since the buyer is responsible for shipping under these terms, they are also responsible for any delays or disruptions that may occur.
In conclusion, Group F terms can provide cost savings and greater control for buyers, but they also come with risks and responsibilities. The Hanjin Shipping bankruptcy highlights the potential risks of using Group F terms and the need for careful consideration of the terms and conditions of shipping contracts.
To know more about incoterms visit:
https://brainly.com/question/9395396
#SPJ11
l
2. You would like to retire in 30 years as a millionaire. If you have $15,000 today, what rate of return do you need to earn to achieve your goal?
To retire as a millionaire in 30 years with an initial investment of $15,000, you would need to earn an average annual return of approximately 9.22%.
To determine the required rate of return needed to achieve your goal of becoming a millionaire in 30 years, we need to consider several factors. These include your initial investment, the time period, and the compounding effect of returns.
Given that you have $15,000 today and aim to accumulate $1,000,000 in 30 years, we can calculate the required rate of return using the compound interest formula:
Future Value = [tex]\text{{FV}} = \text{{PV}} \times (1 + \text{{Rate of Return}})^{\text{{Number of Periods}}}[/tex]
In this case, the future value is $1,000,000, the present value is $15,000, and the number of periods is 30 years.
1,000,000 = 15,000 × (1 + Rate of Return)³⁰
Dividing both sides by 15,000, we get:
(1 + Rate of Return)³⁰ = 1,000,000 / 15,000
Simplifying the right side:
(1 + Rate of Return)³⁰ ≈ 66.67
Now, let's solve for the rate of return. Taking the 30th root of both sides:
1 + Rate of Return ≈ [tex]66.67^{(1/30)}[/tex]
Rate of Return ≈ [tex]66.67^{(1/30)} - 1[/tex]
Calculating this on a calculator or using a software, we find:
Rate of Return ≈ 0.0922 or 9.22%
Therefore, to retire as a millionaire in 30 years with an initial investment of $15,000, you would need to earn an average annual return of approximately 9.22%. Please note that this calculation assumes compound interest and does not account for inflation, taxes, or other potential factors that may affect your actual returns.
Learn more about average annual return here:
https://brainly.com/question/31447262
#SPJ11
Erin owns a business. Her monthly variable costs are $25,000. Her fixed costs (including opportunity costs) are $18,000 per month - primarily the rent on her facilities. Her lease fasts for at least another 18 months during which time she will still have to pay her rent no matter what she decides to do. This month she brought in revenue of $32,000. She should shut down at the end of the month to minimize her losses.
Erin owns a business with monthly variable costs of $25,000 and fixed costs of $18,000, primarily for rent. Her lease lasts for another 18 months, and she generated $32,000 in revenue this month. Based on these figures, it is advisable for her to shut down at the end of the month to minimize her losses.
Erin's business has both variable and fixed costs. Variable costs amount to $25,000 per month and change based on production or sales levels. On the other hand, fixed costs, including rent and opportunity costs, total $18,000 per month. Importantly, Erin's lease extends for another 18 months, mandating rent payment regardless of her decision.
Analyzing her revenue, Erin earned $32,000 this month. To assess profitability, we consider total costs. Adding the variable costs of $25,000 to the fixed costs of $18,000 results in total costs of $43,000. As revenue falls short of total costs, Erin faces a loss of $11,000 if she continues operating.
Given the inability to eliminate the fixed cost of rent due to the lease, it is advisable for Erin to shut down the business at the end of the month to minimize her losses.
To learn more about variable and fixed costs, click here: brainly.com/question/20264855
#SPJ11
What is the depreciation charge of an equipment purchased four (4) years ago for $200,000, and a expected life of 10 years if it is depreciated using the MACRS method? a. $18,440 Ob. $6,560 Oc. $23,040 O d. $14,740
the depreciation charge using the Modified Accelerated Cost Recovery System (MACRS) method, we need to determine the applicable depreciation rates for each year based on the asset's recovery period.
For equipment with a 10-year expected life, the recovery period is classified as 7 years under MACRS.To calculate the depreciation expense for each year, we multiply the depreciation rate by the initial cost of the equipment. Using this approach, the depreciation charges for the first four years are as follows:
Year 1: $200,000 * 14.29% = $28,580
Year 2: $200,000 * 24.49% = $48,980
Year 3: $200,000 * 17.49% = $34,980
Year 4: $200,000 * 12.49% = $24,980
learn more about Modified Accelerated here:
https://brainly.com/question/27174387
#SPJ11
During the 1970s, oil prices increased dramatically and caused:
During the 1970s, oil prices increased dramatically, causing economic and political impacts worldwide development . This is due to several factors, including the OPEC oil embargo, the decrease in oil supply, and the significant increase in global demand.
The Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo in 1973 as a response to western support of Israel during the Arab-Israeli conflict. This embargo restricted oil exports to countries supporting Israel, including the United States and Western Europe. This oil embargo caused oil prices to increase by 400%, which had a severe impact on Western economies as they were highly dependent on imported oil.Furthermore, the decrease in oil supply during the 1970s was caused by the decline of oil production in the United States and other countries, which were the world's leading oil producers at the time. These decreases in supply further exacerbated the impact of the embargo. As oil prices skyrocketed, businesses and consumers faced higher costs and lower purchasing power.The oil crisis also had significant political impacts. As Western economies faced an energy crisis, they began to seek alternatives to their oil dependency. They turned to new technologies such as nuclear energy and renewable resources such as wind and solar. Additionally, OPEC countries used their newfound wealth to leverage political power and influence events in the Middle East and globally.In conclusion, the oil crisis of the 1970s had far-reaching and long-lasting impacts on the global economy and politics. Its effects were felt for years to come as countries sought to reduce their reliance on oil and establish new energy policies.
To know more about development visit:
https://brainly.com/question/28011228
#SPJ11
Incorrect Incorrect 4620/quizzes/25648 Question 8 This group generates options and develops an enterprise strategy for the organization: O Organizing team Analysis team Software development team Planning team Question 9 0/6 pts 0/6 pts 12
The correct option is D, The group that generates options and develops an enterprise strategy for the organization is the Planning team.
An enterprise refers to a large-scale organization or business entity that operates in various sectors and industries. It encompasses a wide range of activities, including production, distribution, sales, and service delivery. Enterprises are characterized by their size, complexity, and organizational structure. They often have multiple departments, divisions, and branches spread across different locations or countries.
In the context of business, enterprises are focused on generating profits and providing value to their stakeholders, which may include shareholders, employees, customers, and the wider community. They typically have a hierarchical management structure and employ a significant number of individuals.
To know more about Enterprise refer to-
brainly.com/question/32634490
#SPJ4
Complete Question:
This group generates options and develops an enterprise strategy for the organization:
A. Organizing team
B. Analysis team
C. Software development team
D. Planning team
budget reports are prepared ? A. daily B. weekly C. monthly D. all of the above.
Budget reports are prepared on a monthly basis.What are budget reports?Budget reports are documents that include a detailed summary of an organization's financial performance over a specific period of time.
These reports often contain a variety of metrics, including revenues, expenditures, and profits, among others. Budget reports are used to assess an organization's overall financial health, determine where it's performing well, and identify areas. Budget reports are usually created at regular intervals, such as daily, weekly, monthly, or quarterly, depending on the organization's needs. Despite the fact that budget reports can be created on a daily, weekly, or quarterly basis, they are most often created on a monthly basis. This is due to the fact that most businesses operate on a monthly budget cycle, and a monthly budget report allows businesses to monitor their financial performance on a consistent basis, making it easier to identify trends and potential issues as they arise.Therefore, the correct answer to this question is option C: Monthly.
To know more about Budget reports visit:
https://brainly.com/question/15847692
#SPJ11