The term that describes something available in greater amounts than would be wanted even if they were free is "abundant" or "in surplus."
When something is abundant, it means there is an excess or surplus of it, even to the point where having more of it is not desirable or valuable. This can apply to various resources, goods, or services that are available in quantities that exceed the demand or need for them. Even if they were offered for free, their abundance diminishes their perceived value or desirability.The statement "available in greater amounts than would be wanted even if they were free" refers to the concept of "economic surplus" or "excess supply." It means that there is an oversupply or surplus of a good or resource in the market, beyond the quantity that consumers or users desire or demand, even if it were offered for free.
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A project has four major activities. Activity A precedes activity B, activity C precedes activity D. 3-point estimates for activities are A(6, 12, 18 ), B( 6.5, 13, 19.5 ), C( 4, 4, 4 ), D(4, 4, 4 ) weeks. What probability would you assign to a project duration of more than 25 weeks?
Which one is correct ?
the correct option is : 0.03%.
To determine the probability of a project's duration being more than 25 weeks, we will first need to determine the expected duration of each activity and the expected duration of the entire project.
The expected duration for each activity can be found using the following formula: Expected duration = (Optimistic + 4 x Most Likely + Pessimistic)/6.Activity A: (6 + 4(12) + 18)/6 = 11Activity B: (6.5 + 4(13) + 19.5)/6 = 12Activity C: (4 + 4 + 4)/6 = 4Activity D: (4 + 4 + 4)/6 = 4
The expected duration of the entire project can be found by adding the expected durations of all four activities:
Expected duration of the entire project = 11 + 12 + 4 + 4 = 31 weeksSince we know that Activity A precedes Activity B and Activity C precedes Activity D, we can use the following network diagram to determine the critical path:
Now we can use the expected durations of the critical path activities to determine the expected duration of the entire project. The expected duration of the project is the sum of the expected durations of the activities on the critical path:
Expected duration of the entire project = 11 + 12 + 4 + 4 = 31 weeksThe probability of the project duration being more than 25 weeks can be found using the normal distribution and the following formula:
Z = (X - µ)/σWhere:Z = the standard normal variableX = the value for which we want to find the probabilityµ = the mean value of the variableσ = the standard deviation of the variableFor this problem:
X = 25µ = 31σ = the square root of the sum of the variances of the critical path activities = sqrt(1 + 1.25 + 0 + 0) = 1.77Substituting these values into the formula and using a standard normal distribution table, we get:
Z = (25 - 31)/1.77 = -3.39The probability of a project duration of more than 25 weeks is the area to the right of Z = -3.39 on a standard normal distribution table. This probability is approximately 0.0003 or 0.03%.Therefore, the correct option is : 0.03%.
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Utilize the Chapter 20 textbook reading, which covers unemployment and minimum wage laws, as well as the interactive "FRED Graph" provided in the topic Resources to address the following questions:
According to the textbook, has the federal minimum wage kept pace with inflation over time?
The graph displays nominal minimum wage as a blue line, while real minimum wage (adjusted for inflation) is in depicted by the red line. Discuss which is higher and the difference between nominal and real minimum wage in 1990. Compare that to the difference between nominal and real minimum wage today.
As a policymaker, explain how you might address that disparity.
According to the Chapter 20 textbook reading, the federal minimum wage has not kept pace with inflation over time. In the US, the minimum wage law was passed in 1938 and has been adjusted multiple times to keep up with inflation.
The FRED graph displays that the nominal minimum wage (blue line) and the real minimum wage (adjusted for inflation) (red line). The real minimum wage is higher than the nominal minimum wage because the latter has been adjusted for inflation. In 1990, the nominal minimum wage was $3.80, while the real minimum wage was $6.94, which means that it was adjusted for inflation.
As a policymaker, I would address the disparity by advocating for an increase in the minimum wage to match the current inflation rate. This would ensure that the minimum wage keeps up with inflation and workers are paid a fair wage. I would also support policies that incentivize companies to invest in their employees' skills and education, which would allow them to earn more and climb up the career ladder.
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More info Recently, the hospitals have been complaining about the quality of Cafeman's meals and their rising costs. In mid-2020, Cafe One's president announces that all Cafe One hospitals and support facilities will be run as profit centers. Hospitals will be free to purchase quality-certified services from outside the system. Luke Hayward, Cafeman's controller, is preparing the 2021 budget. He hears that three hospitals have decided to use outside suppliers for their meals, which will reduce the 2021 estimated demand to 820,000 meals. No change in variable cost per meal or total fixed costs is expected in 2021. Requirements 1. How did Hayward calculate the budgeted fixed cost per meal of $1.64 in 2020 ? 2. Using the same approach to calculating budgeted fixed cost per meal and pricing as in 2020 , how much would hospitals be charged for each Cafeman meal in 2021? What would the reaction of the hospital controllers be to the price? 3. Suggest an alternative cost-based price per meal that Hayward might propose and that might be more acceptable to the hospitals. What can Cafeman and Hayward do to make this price profitable in the long run?
1. Hayward calculated the budgeted fixed cost per meal of $1.64 in 2020 by using the High-low method. The high-low method takes the highest and lowest activity levels to calculate the variable cost per unit and the total fixed cost component of a mixed cost.
The formula for calculating fixed cost per meal is as follows:
Fixed Cost Per Meal = Total Fixed Cost ÷ Number of Meals
Total Fixed Cost = (High Activity Units - Low Activity Units) x Variable Cost Per Meal + (Low Activity Units x Fixed Cost) $246,320 = (92,500 - 77,500) x $0.56 + (77,500 x Fixed Cost)
$246,320 = $13,200 + $43,400
Fixed Cost = $190,920
Fixed Cost Per Meal = $190,920 ÷ 115,000
Fixed Cost Per Meal = $1.64 (rounded off to two decimal places)
2. To calculate how much hospitals would be charged for each Cafeman meal in 2021, the fixed cost per meal of $1.64 should be added to the variable cost per meal. Variable cost per meal is $0.56 and is assumed to remain the same. Therefore, the cost of one Cafeman meal in 2021 would be as follows:
Cost of One Cafeman Meal in 2021 = Fixed Cost Per Meal + Variable Cost Per Meal
= $1.64 + $0.56
= $2.20
The hospital controllers would not be happy with the price because it would increase by $0.16 compared to the 2020 price, which could lead to further losses.
3. Hayward might propose an alternative cost-based price per meal based on the target cost formula, as follows:
Target Cost = Sales Price - Desired Profit
Sales Price = Target Cost + Desired Profit Fixed cost per meal and variable cost per meal would remain the same, while the desired profit per meal would be added. If we assume that the desired profit per meal is $0.10, then the sales price would be calculated as follows:
Sales Price = Fixed Cost Per Meal + Variable Cost Per Meal + Desired Profit
Sales Price = $1.64 + $0.56 + $0.10
Sales Price = $2.30
To make this price profitable in the long run, Cafeman and Hayward can try to reduce the cost of their meals by finding cheaper sources of ingredients or by using more efficient production methods. Alternatively, they could try to differentiate their meals by improving quality and making them more attractive to hospitals.
Another option would be to offer discounts or incentives to hospitals that buy meals in bulk or that commit to long-term contracts.
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compared to a dash lift, the dash roll offers which advantage?
Compared to a dash lift, the dash roll offers the advantage of improved flexibility, as it is easier to perform and can be used in a wider range of situations. The dash lift is a gymnastics move that involves leaping from one foot to the other while in mid-air, whereas the dash roll involves rolling forward onto the hands and then back onto the feet.
Both moves are used in gymnastics and other sports that involve tumbling and acrobatics, but the dash roll is generally considered to be more versatile and easier to execute.
One of the advantages of the dash roll is that it can be used to transition from one movement to another more smoothly than the dash lift.
For example, a gymnast might use a dash roll to transition from a forward roll to a back handspring, or from a round-off to a back tuck. The dash roll is also useful for performing complex tumbling passes that involve multiple twists and flips.
Another advantage of the dash roll is that it can be performed with less height than the dash lift. This makes it a useful move for gymnasts who are just starting out or who are not yet able to generate a lot of power from their jumps. The dash roll can also be performed on a variety of surfaces, including mats, grass, and even concrete.
In conclusion, the dash roll offers several advantages over the dash lift in terms of flexibility, versatility, and ease of execution. While both moves are useful in gymnastics and other sports that involve tumbling and acrobatics, the dash roll is generally considered to be more versatile and easier to perform, making it a valuable addition to any gymnast's repertoire.
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The court in Hill v Chief Constable of West Yorkshire
decided that the plaintiff was not entitled to her claim because _______________.
Group of answer choices
• she was not the actual victim
• it would not be in the interest of policy since the police do not owe a general duty of care to apprehend an unknown criminal
• there is no proximate relationship between the parties
• the damage caused had been unforeseeable
Hill v Chief Constable of West Yorkshire is a legal case that determined that the plaintiff was not entitled to her claim because it would not be in the interest of policy since the police do not owe a general duty of care to apprehend an unknown criminal. This is a very important legal precedent that continues to influence the British law to date.
Hill v Chief Constable of West Yorkshire [1989] UKHL 12 was a landmark case for UK tort law. The case focused on whether the police owed a duty of care to the plaintiff, Mrs. Hill, who was the mother of a victim of the Yorkshire Ripper. The court ruled that the police did not owe a general duty of care to apprehend an unknown criminal and therefore the plaintiff was not entitled to her claim. The decision of the court was based on the fact that it would not be in the interest of policy since the police do not owe a general duty of care to apprehend an unknown criminal.
The court held that the duty of care owed by the police is limited to cases where there is a special relationship between the police and the victim or where the police have assumed responsibility for the safety of an individual. In this case, there was no such relationship or assumption of responsibility. Therefore, the court found that the police did not owe a duty of care to the plaintiff and she was not entitled to her claim.
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explain the necessary conditions for consumer equilibrium under
cardinal and ordinal utility theories using graphs
Consumer equilibrium is attained when a consumer is allocating his or her income to the purchase of a combination of goods that gives the consumer maximum satisfaction or utility, subject to the consumer's budget constraint. In order to attain consumer equilibrium,
the following necessary conditions must be met:Cardinal Utility TheoryNecessary conditions for consumer equilibrium under the cardinal utility theory are as follows:A consumer achieves equilibrium when the marginal utility per dollar spent on each product is equal. MUa/Pa = MUb/Pb Graphically, the equilibrium is reached at the point where the budget constraint is tangent to the highest possible indifference curve.
This tangency point represents the optimum consumption bundle for the consumer, where he or she maximizes his or her satisfaction, given his or her budget constraints. Cardinal utility theory is shown in the following diagram:Ordinary Utility TheoryThe necessary conditions for consumer equilibrium under the ordinal utility theory are as follows:A consumer achieves equilibrium at the point where the budget line is tangent to the highest indifference curve.
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Suppose you withdraw $100 in cash from your checking account through an ATM. How does this transaction effect
(a)the supply of money?
(b)the reserves of your bank, and
(c)the excess reserves of your bank. (State if each will increase, decrease or stay the same)
The withdrawal of $100 in cash lowers the money supply. A $100 reduction will be made to bank reserves. Your bank's excess reserves are reduced by $100.
(a) The withdrawal of $100 in cash lowers the money supply.
Your checking account balance drops by $100 when you make a withdrawal, which also represents a $100 reduction in the total amount of money in circulation.
(b) Bank reserves: A $100 reduction will be made to bank reserves. The deposits that banks keep on hand at the central bank and in their safes to cover withdrawal requests are known as reserves. Your bank must provide you actual cash when you remove $100 from your account. Because your bank needs to have enough cash on hand to meet client demand, this withdrawal lowers its reserves by $100.
(c) Your bank's surplus reserves: Your bank's excess reserves will drop by $100. The reserves that banks retain in excess of the required reserve ratio—the minimum amount of reserves they are required by law to hold—are known as excess reserves.
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E 21-23 Cash flows from operating activities (direct method) ⋅ LO21-3 Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statement (4)AIAD PRODUCTS COMPANY selected Accounts from Comparative Balance Sheets Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method.
The cash flows from operating activities section of the statement of cash flows for Myriad Products Company, using the direct method, can be summarized as follows.
In the first paragraph, the net income of the company is adjusted for non-cash expenses and changes in working capital to arrive at the cash provided by operating activities. The second paragraph explains the specific adjustments made to the net income and provides an explanation for each adjustment.
The cash flows from operating activities section of the statement of cash flows for Myriad Products Company, using the direct method, can be derived as follows. First, the net income reported on the income statement is adjusted for non-cash expenses such as depreciation and amortization.
These expenses are added back to the net income since they do not involve any cash outflows.
Next, changes in working capital items are taken into consideration. Increases in current assets (excluding cash) are subtracted, as they represent a use of cash, while decreases in current assets are added back, as they represent a source of cash.
Similarly, increases in current liabilities are added, as they represent a source of cash, while decreases in current liabilities (excluding interest and income taxes payable) are subtracted, as they represent a use of cash.
The specific adjustments made to the net income and the corresponding explanations are as follows. Depreciation and amortization, which are non-cash expenses, are added back to the net income since they do not involve any cash outflows.
Increases in accounts receivable are subtracted because they tie up cash, while decreases in accounts receivable are added back as they free up cash. Increases in inventories are subtracted since they represent cash outflows, while decreases in inventories are added back as they free up cash.
Increases in prepaid expenses are subtracted since they represent cash outflows, while decreases in prepaid expenses are added back as they free up cash. Increases in accounts payable are added back as they represent a source of cash, while decreases in accounts payable are subtracted since they represent a use of cash.
Increases in accrued liabilities are added back as they represent a source of cash, while decreases in accrued liabilities are subtracted since they represent a use of cash.
By adjusting the net income for these non-cash expenses and changes in working capital, the cash flows from operating activities for Myriad Products Company using the direct method can be determined.
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Sandhill Light Bulbs management anticipates selling 3,000 light bulbs this year at a price of $16 per bulb. It costs Sandhill $9 in variable costs to produce each light bulb, and the fuxed costs for the firm are $10,000. Sandhill has an opportunity to sell an additional 1,000 bulbs next year at the same price and variable cost, but by doing so the firm will incur an additional fixed cost of $4,000. Should Sandhill produce and sell the additional bulbs? (If an amount reduces the account balance then enter with negative sign, eg. - 125.) The additional sales would change Sandhill's EBIT by $ and therefore Sandhill producean
EBIT stands for Earnings before Interest and Taxes. It is a measure of a company's profitability and is calculated as revenue minus expenses.
In order to determine whether Sandhill should produce and sell the additional bulbs or not, we need to calculate the company's EBIT with and without the additional sales. Let's first calculate the EBIT for the current year:
[tex]Total revenue = 3,000 x $16 = $48,000[/tex]
[tex]Total variable costs = 3,000 x $9[/tex]
[tex]= $27,000[/tex]
[tex]Total fixed costs = $10,000[/tex]
[tex]EBIT = Total revenue - Total variable costs - Total fixed costs[/tex]
[tex]= $48,000 - $27,000 - $10,000[/tex]
[tex]= $11,000[/tex]
Now let's calculate the EBIT for the next year if Sandhill decides to produce and sell the additional 1,000 bulbs:
[tex]Total revenue = (3,000 + 1,000) x $16[/tex]
[tex]= $64,000[/tex]
[tex]Total variable costs = (3,000 + 1,000) x $9[/tex]
[tex]= $36,000[/tex]
[tex]Total fixed costs = $10,000 + $4,000[/tex]
[tex]= $14,000[/tex]
[tex]EBIT = Total revenue - Total variable costs - Total fixed costs[/tex]
[tex]= $64,000 - $36,000 - $14,000= $14,000[/tex]
Therefore, the additional sales would increase Sandhill's EBIT by [tex]$3,000[/tex] and Sandhill should produce and sell the additional bulbs.
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Explain in your own words what the Capital Assets Pricing Model is. Provide the formula and explain what its elements mean.
What are the assumptions used in the CAPM Model?
Identify at least 3 advantages and 3 disadvantages of the CAPM Model.
The Capital Asset Pricing Model (CAPM) is a financial model used to determine the expected return on an investment based on its systematic risk. It has advantages like aiding investment decisions and measuring risk through beta, but it has disadvantages due to its assumptions and reliance on accurate beta estimation.
The Capital Asset Pricing Model (CAPM) is a widely used financial model that aims to determine the expected rate of return for a given asset. It is commonly employed in the valuation of stocks, bonds, and other assets, and helps investors assess the risk and potential return of an investment. The CAPM calculates the expected return that investors require for an investment to compensate them for its inherent risk.
The formula for the Capital Asset Pricing Model is as follows:
Ri = Rf + βi (Rm - Rf)
In this formula:
- Ri represents the expected return on the investment.
- Rf denotes the risk-free rate of return.
- βi is the beta of the asset, which measures its sensitivity to market returns.
- Rm represents the expected market return.
Essentially, the formula suggests that the expected return of an asset consists of the risk-free rate plus a premium determined by the asset's systematic risk. The systematic risk is evaluated using the asset's beta, which measures its response to changes in the overall market.
While the CAPM offers valuable insights and benefits, it is important to recognize its underlying assumptions and limitations. Some of the key assumptions include perfectly competitive markets, rational investors with access to the same information, a known and constant risk-free rate of return, no transaction costs, and uniform opinions among investors about risk and expected returns.
Advantages of the CAPM Model include:
- Assisting investors in determining the expected rate of return on assets based on their systematic risk.
- Providing a standardized measure of an asset's risk through beta.
- Facilitating informed investment decision-making.
On the other hand, the CAPM Model has its share of disadvantages:
- The assumptions employed in the model may not hold true in real-life situations, potentially affecting the accuracy of its predictions.
- It does not account for unsystematic risks, such as business and financial risks, which can significantly impact the performance of an asset.
- The model heavily relies on the estimation of beta, which may not always be reliable due to the challenges of accurately estimating the asset's sensitivity to market returns.
It is essential for investors and analysts to be aware of these limitations and consider them alongside other factors when utilizing the CAPM for investment analysis and decision-making.
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A zero-coupon bond has a $1,000 par value and 22 years to maturity. If the bond's price is $184.54, what is its annual yield to maturity?
1) 7.98%
2) 7.86%
3) 7.39%
4) 7.46%
5) 7.62%
A zero-coupon bond is a bond that is sold at a discount price and does not pay periodic interest payments. It means, a zero-coupon bond has no coupon rate. The bondholder will receive the face value of the bond on the maturity date.
Therefore, the annual yield to maturity (YTM) is the rate of return that an investor will earn if the bond is held until maturity given the bond's current market price. let's find the annual yield to maturity of the zero-coupon bond using the given information.
A zero-coupon bond has a $1,000 par value and 22 years to maturity. If the bond's price is $184.54, the bondholder will receive $1,000 after 22 years. Therefore, the face value of the bond is $1,000 and the present value (market price) of the bond is $184.54. PV
= $184.54, FV
= $1,000,
t = 22 years Using the formula of YTM, we get,184.54
= 1,000/(1 + r)^22n(1 + r)^22
= 1,000/184.54
= 5.4144(1 + r)
= (5.4144)^(1/22)
= 1.0746r = 1.0746 - 1
= 0.0746 or 7.46%Therefore, the annual yield to maturity of the zero-coupon bond is 7.46%.Answer: The correct option is 4) 7.46%.
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select all that apply what are roles within a buying center? (select all that apply)
The roles within a buying center can vary depending on the organization and the complexity of the purchasing decision.
However, some common roles within a buying center include :Initiator: The individual or group that recognizes the need for a product or service and starts the buying process. Influencer: Individuals or groups who can shape the purchasing decision by providing information, opinions, or recommendations. They may have expertise, authority, or persuasive abilities. Gatekeeper: The person who controls the flow of information and access to decision-makers within the buying center. They manage the communication channels and filter information that reaches the decision-makers. Buyer: The person or group responsible for negotiating and making the final purchase decision. They may have the authority to select suppliers, negotiate terms, and finalize contracts. User: The individuals or groups who will be the ultimate users of the purchased product or service. Their feedback and requirements can influence the buying decision.
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Which of the following statements about Fintech taxonomy is most CORRECT?
a.
The Fintech activities encompass payments, clearing, settlement; deposit and lending; asset management; capital raising; insurance and Crypto activities – all of which are equally important in terms of market share.
b.
Biometrics, Cloud Computing; Artificial Intelligence and Open Banking are examples of building block technology enablers for Fintech.
c.
Open Banking and Regulatory Sandbox are two important policy enablers that promote the growth of Fintech.
d.
A and B
e.
B and C
Clear my choice
The correct option about Fintech taxonomy is the option (d) A and B. The Fintech activities encompass payments, clearing, settlement; deposit and lending; asset management; capital raising;
insurance and Crypto activities – all of which are equally important in terms of market share. Biometrics, Cloud Computing; Artificial Intelligence, and Open Banking are examples of building block technology enablers for Fintech. Let's discuss each option provided and find out the correct answer.Option A states that Fintech activities encompass payments, clearing, settlement; deposit and lending; asset management; capital raising; insurance, and Crypto activities – all of which are equally important in terms of market share.
This statement is correct because all the mentioned Fintech activities are equally important in the market. So, the option is correct.Option B states that Biometrics, Cloud Computing; Artificial Intelligence, and Open Banking are examples of building block technology enablers for Fintech. This statement is also correct because these technologies act as enablers for Fintech. So, the option is correct.Option C states that Open Banking and Regulatory Sandbox are two important policy enablers that promote the growth of Fintech.
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what do we call an accounting treatment that would tend to magnify the funds from a reit's operations?
An accounting treatment that would tend to magnify the funds from a REIT's operations is commonly referred to as income smoothing. Income smoothing is an accounting practice used by companies to even out fluctuations in reported earnings over time.
Income smoothing is a financial reporting technique used by some REITs (Real Estate Investment Trusts) to even out fluctuations in reported earnings over time. It involves manipulating accounting methods and timing to smooth out income variations, making the financial performance appear more consistent and stable. This can be achieved by recognizing revenues earlier or deferring expenses to future periods. By implementing income smoothing, REITs aim to present a more favorable and predictable financial picture to investors and stakeholders. However, it is important to note that income smoothing practices can raise concerns about transparency and the accuracy of reported financial results.
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Amir deposits $14,000 at the beginning of each year for 11years in an account paying 7% compounded annually. He then puts the total amount on deposit in another account paying 9% compounded semiannually for another 7 years. Find the final amount on deposit after the entire 18 year period.
The final amount on deposit after the entire 18-year period is $398,213.08.
To calculate the final amount, we need to perform two calculations. First, we determine the future value of the annual deposits over 11 years at 7% compounded annually. This represents the accumulated amount from the initial deposits. Then, we calculate the future value of the accumulated amount over 7 years at 9% compounded semiannually. Finally, we add these two values together to find the final amount on deposit after the entire 18-year period.
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Only relevant costs need to be considered in decision-makingsituations.Which of the following are relevant costs?1 Projectspecific costs2 Avoidable future costs3 Common costs4Unavoidable costs Select one: a.2 and 4 only b.1, 2, 3 and 4 c.1,2 and 3 only d.1 and 2 only
The following costs are irrelevant: Common costs Unavoidable costs Option A (2 and 4 only) is correct.
Project-specific costs and avoidable future costs are relevant costs. In decision-making situations, only relevant costs need to be considered.
What is relevant cost?
Relevant cost refers to the incremental costs that are directly related to a decision. It includes the cost of labor, material, and other expenses. Relevant costs also refer to future costs that can be avoided by making a specific decision.
The following costs are relevant: Project-specific costs Avoidable future costs
The following costs are irrelevant: Common costs Unavoidable costs Option A (2 and 4 only) is correct.
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If a wholesale business offers a trade discount of 35 percent on a sale of $7,200, what is the amount of the discount? a. $240 b. $252 c. $2,400 d. $2,520
The correct answer is option (d) which is the amount of the discount is $2520.
What is discount rate?
The rate of return employed in corporate finance to bring future cash flows down to their present value is called a discount rate.
As far as we are aware, a trade discount is a reduction in the list price of goods that the supplier enables the buyer to receive.
What is the discount then, if a wholesale company offers a trade discount of 35% on a $7,200 sale?
Let's calculate the amount of discount,
Percentage discount = 35%
Sale price = $7200
Discount = 35% of $7200
Discount = 35/100 * $7200
Discount = $2520
Thus, the amount of discount is $2520.
Therefore, the option d is the correct answer.
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an increase in the money supply will affect the price level and real gross domestic product (gdp) in which of the following ways in the long run?
An increase in the money supply will affect the price level and real gross domestic product (GDP) in price level: Increase, Real GDP: No change.
Long-term, a rise in the money supply will usually result in an increase in prices, but the effect on real GDP will vary depending on the unemployment rate, the shape of the aggregate supply curve, and the accessibility of resources and technologies.
Long-term pricing levels will often rise as the money supply expands. Increases in the money supply could boost economic growth as well. Real factors like GDP are not impacted by changes in the money supply over the long term.
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ABC Company's preferred stock is selling for $25 a share. If the required return is 8%, what will the dividend be two years from now?
1) $3.25
2) $2.40
3) $2.20
4) $2.00
5) $2.80
Rounding to the nearest cent, the dividend two years from now would be approximately $2.33. None of the provided answer choices exactly match this calculation, but the closest option is $2.40 (option 2).
To calculate the dividend two years from now, we need to determine the future value of the preferred stock and then calculate the dividend based on the required return.
The formula to calculate the future value (FV) of an investment is:
FV = PV * (1 + r)^n
Where:
PV = Present value (current stock price)
r = Required return (as a decimal)
n = Number of years
In this case, the present value (PV) is $25, the required return (r) is 8% or 0.08, and the number of years (n) is 2.
Plugging in these values, we can calculate the future value (FV) of the preferred stock:
FV = $25 * (1 + 0.08)^2
FV = $25 * (1.08)^2
FV = $25 * 1.1664
FV = $29.16
Now that we have the future value, we can calculate the dividend based on the required return. The dividend (D) can be calculated as:
D = FV * r
D = $29.16 * 0.08
D = $2.3328
Rounding to the nearest cent, the dividend two years from now would be approximately $2.33.
None of the provided answer choices exactly match this calculation, but the closest option is $2.40 (option 2).
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Suppose in an election year, the economy was is being hindered by high unemployment. At the same time, clear signs of inflationary pressures were apparent. How might the central bank with a primary goal of price stability react? How might members of the incumbent political party who are up for reelection react?
In this case, the appropriate monetary policy is to (tighten/loosen) monetary policy, (increasing/decreasing) interest rates to curb the emerging inflationary pressures in pursuit of the long-run goal of price stability. In contrast, it is likely that the politicians due for reelection would be more concerned with the high unemployment in the economy and be in favor of (an increase/a cut) in interest rates. In the absence of influence over an independent central bank, they may push for immediate (increase/decrease) in government spending or (increase/reduction) in taxes.
Suppose in an election year, the economy is hindered by high unemployment, and clear signs of inflationary pressures are evident. A central bank with a primary goal of price stability is likely to tighten monetary policy by increasing interest rates to curb the emerging inflationary pressures in pursuit of the long-run goal of price stability.
On the other hand, the politicians up for reelection would be more concerned with high unemployment in the economy and would favor a cut in interest rates. In the absence of influence over an independent central bank, the politicians up for reelection may push for immediate reduction in taxes or an increase in government spending. The central bank is responsible for implementing monetary policy, with the main objective of price stability.
Monetary policy is used to influence the economy through money supply and credit. When inflation is low, the central bank will typically cut interest rates to encourage borrowing and boost investment. When inflation is high, the central bank will raise interest rates to reduce borrowing and slow the economy's growth.
In the above scenario, the central bank will tighten monetary policy by increasing interest rates to curb the inflationary pressures. Meanwhile, the politicians up for reelection will be more concerned with the high unemployment rates in the economy and would favor a cut in interest rates.
In the absence of influence over an independent central bank, they may push for an immediate reduction in taxes or an increase in government spending.
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The best example of a common property resource is
A.
the fish in the ocean.
B.
a farm.
C.
an automobile.
D.
a shopping mall.
The best example of a common property resource is the fish in the ocean.
A common property resource is a resource that is owned by everyone and no one at the same time. This means that anyone can use the resource, but there is no one to manage it or prevent overuse.
The fish in the ocean are a good example of a common property resource because they are owned by everyone and no one at the same time. Anyone can fish in the ocean, but there is no one to manage the fish population or prevent overfishing.
The other options are not good examples of common property resources. A farm is owned by a private individual or company, so it is not a common property resource. An automobile is a private good, which means that it is owned by one person and cannot be used by anyone else. A shopping mall is a privately owned property, so it is not a common property resource.
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The initial cost of an investment is $70,000 and the cost of
capitol is 10%. The return is $15,000 per year for 8 years. The net
present value of the investment is?
The initial cost of an investment is 70,000, and the cost of capital is 10%. The return is 15,000 per year for 8 years.
The net present value of the investment is?
Solution:
Here, the initial cost (C) of the investment is 70,000, and the cost of capital (r) is 10%.The yearly return (R) is 15,000 for 8 years. So, the total return (R) is 15,000 × 8 = 120,000.
Now, we will calculate the net present value (NPV) of the investment. For that, we will use the formula of the present value of an annuity:
PV = (R × [1 - (1 + r)⁻ⁿ]) / r
Where PV is the present value of the annuity, R is the yearly return, r is the rate of interest, and n is the number of years.
So, PV = (15,000 × [1 - (1 + 0.10)⁻⁸])
/ 0.10= (15,000 × [1 - 0.4665])
/ 0.10= 88,975.49
Now, we will calculate the net present value (NPV) of the investment.
NPV = PV - C
= 88,975.49 - 70,000
= 18,975.49
The net present value (NPV) of the investment is 18,975.49.
Note:
If the NPV is positive, the investment is beneficial;
if it is zero, the investment does not yield any profit or loss;
and if it is negative, it is a loss.
In this case, the NPV is positive, which means that the investment is beneficial.
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Which ones identify the disadvantages of the payback rule? A. Very simple and easy to apply. B. Ignores the time value of money. C. The cutoff payback is arbitrary. All of the above. B and C of the above.
Payback rule refers to the period it takes for an investment to recover its initial cost. While it is a simple technique that is easy to use, there are several limitations to its application.
The disadvantages of the payback rule are as follows:
Ignores the time value of money
The payback rule does not account for the time value of money, which assumes that the value of money changes over time. It implies that the value of money obtained at different periods is not equal. As a result, using the payback rule can be deceptive since the rule ignores inflation and the interest rate.
The cutoff payback is arbitrary
The payback rule requires a specific payback period, which can be arbitrary. This means that different payback periods result in different profitability projections.
Thus, the cutoff payback period is subjective since different individuals may have varying expectations and may require different payback periods. All of the above represents the disadvantages of the payback rule.
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Correct answers:
1. information worker
2. information literacy
Kaizen
The corporate lattice
3.initiative
strong written communication
skills strong work ethic
ability to work in a team
An information worker is an employee whose work creating, processing, transforming, or storing data or information. To be successful as an information worker, one needs to be skilled in information literacy.
Information literacy is the ability to identify, locate, evaluate, and effectively use information to meet specific information needs.
Kaizen is another skill that is essential to an information worker. Kaizen is a Japanese word that means continuous improvement.
It's a philosophy that focuses on improving productivity, quality, and customer satisfaction through constant incremental improvements.
The corporate lattice is a term that describes a new way of organizing work and careers.
Instead of the traditional corporate ladder, where employees climb the ranks through promotions, the corporate lattice allows for more flexibility and movement between different roles and departments.
Other skills that are essential for success in the workplace include taking initiative, strong written communication skills, a strong work ethic, and the ability to work in a team.
Taking initiative involves being proactive and taking action without being told what to do. Strong written communication skills are essential for clear communication and effective collaboration.
A strong work ethic involves being reliable, punctual, and committed to doing quality work.
Finally, the ability to work in a team is essential for collaborating with others to achieve common goals.
In conclusion, these skills and traits are crucial for anyone who wants to be successful as an information worker.
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identify a speech by a leader (living or dead) that addresses some inter-cultural or cultural issues. (a good place to start is an anthology of famous speeches. some examples of cultural or inter-cultural issues are disaster relief efforts, world hunger, terrorism, preservation of indigenous languages, civil rights, etc.) analyze the cultural values and beliefs that are expressed in the text how does the leader assume, build on or appeal to cultural values? as a leader, how would you assume, build on or appeal to cultural values, and why?
In this speech, King emphasizes the need for racial equality and the end of racial discrimination in the United States. He appeals to the cultural values of freedom, justice, and equality that are deeply rooted in American society.
King's speech assumes that these values are shared by the American people and builds upon them to inspire change. In his speech, King appeals to the cultural value of freedom by emphasizing the importance of ending racial segregation and discrimination, stating that "now is the time to make justice a reality for all of God's children." He also appeals to the cultural value of justice by calling for equality, stating that he dreams of a nation where people "will not be judged by the color of their skin but by the content of their character."
King's speech not only recognizes the cultural values of freedom and justice, but also inspires his audience to uphold these values and work towards achieving racial equality. As a leader, I would also assume, build on, and appeal to cultural values in order to inspire and unite people. For example, if addressing the issue of disaster relief efforts, I would appeal to the cultural value of compassion and emphasize the importance of coming together to help those in need. By highlighting the shared cultural value of compassion, I would aim to motivate individuals and communities to support disaster relief efforts. Additionally, by acknowledging and respecting diverse cultural beliefs and practices related to disaster relief, I would ensure that my approach is inclusive and sensitive to the cultural context.
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effective systems are designed to support goals that help an orgnization carry out its mission statement
Effective systems are designed to support the goals of an organization in carrying out its mission statement. This means that the systems in place within an organization should align with and help achieve the overall mission and objectives of the organization.
To design effective systems, several steps can be followed:
1. Identify the mission statement: The first step is to clearly understand the organization's mission statement. This statement defines the purpose and values of the organization and serves as a guiding principle for decision-making.
2. Define the goals: Once the mission statement is understood, the organization's goals should be identified. These goals are specific objectives that contribute to the overall mission.
3. Analyze existing systems: The next step is to assess the organization's current systems and processes. This analysis helps identify areas where improvements can be made to better align with the goals and mission statement.
4. Design and implement new systems: Based on the analysis, new systems can be designed to support the organization's goals. These systems should be efficient, reliable, and aligned with the mission statement.
5. Monitor and evaluate: After implementing the new systems, it is important to monitor their performance and evaluate their effectiveness in supporting the organization's goals. This can involve tracking key performance indicators and seeking feedback from employees and stakeholders.
6. Continuous improvement: Effective systems are not static; they should be continuously reviewed and improved upon. Regularly assessing the systems' performance and making necessary adjustments ensures that they remain aligned with the organization's goals and mission statement.
For example, consider an organization with a mission to promote environmental sustainability. Its goals may include reducing carbon emissions, increasing recycling rates, and conserving natural resources. To support these goals, the organization can implement systems such as energy-efficient practices, waste management processes, and employee training programs.
In conclusion, effective systems are designed to support the goals of an organization in carrying out its mission statement. By aligning systems with the organization's goals and regularly monitoring and improving them, an organization can better achieve its mission and contribute to its overall success.
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. A logistics manager of an organization is concerned about inconsistency of the quality of incoming supplies. He wants to monitor the process capability of vendors for incoming supplies to ensure the quality of material supplies meet the specifications required. Explain with an example, how he can begin to implement the concept
The logistics manager of an organization wants to monitor the process capability of vendors for incoming supplies to ensure the quality of material supplies meet the specifications required. Here’s an example of how he can begin to implement the concept of monitoring process capability of vendors:
One way to monitor the process capability of vendors for incoming supplies is to use statistical process control (SPC). The goal of SPC is to ensure that a process is consistent and meets a set of specifications by controlling it.
SPC uses statistical tools to analyze and measure the variation in a process and identify any sources of variation that need to be eliminated. The first step the logistics manager can take is to identify the key characteristics of the supplies that need to be monitored.
For example, if the organization needs a certain type of metal with specific dimensions, the logistics manager can set up a control chart to monitor the length, width, and thickness of the metal. The next step is to collect data on the incoming supplies and plot them on the control chart.
The control chart will show whether the supplies are within the set specifications or not. If the supplies are within the specifications, the logistics manager can continue to monitor them.
If the supplies are outside the specifications, the logistics manager can work with the vendor to improve the quality of the supplies.
Finally, the logistics manager should continue to monitor the process capability of the vendors by collecting data regularly and updating the control chart. By doing so, the logistics manager can ensure that the incoming supplies meet the required specifications and reduce the inconsistency in quality.
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Liontar Ltd conducts a business that makes women’s shoes. It operates a factory in an inner suburb of Nicosia. The factory contains a large amount of equipment that is used in the manufacture of shoes. Liontari Ltd owns both the factory and the land on which the factory stands. The land was acquired in 2010 for $200 000 and the factory was built in that year at a cost of $520,000. Both assets are recorded at cost, with the factory having a carrying amount at 30 June 2020 of $260,000. In recent years a property boom in Nicosia has seen residential house prices double. The average price of a house is now approximately $500,000. A property valuation group used data about recent sales of land in the area to value the land on which the factory stands at $1,000,000. The land is now considered prime residential property given its closeness to the city and, with its superb river views, its suitability for building executive apartments. It would cost $100,000 to demolish the factory to make way for these apartments to be built. It is estimated that to build a new factory on the current site would cost around $780,000. The directors of Liontari Ltd want to measure both the factory and the land at fair value as at 30 June 2020.
Required Discuss how you would measure these fair values
Liontar Ltd Fair Value = $1,520,000
Measurement of fair value of factory and landThe fair value is the price that would be obtained from selling an asset or paid for transferring a liability in a transaction between knowledgeable and willing parties in an arm's length transaction.
The fair value measurement objective refers to the specific value at which an asset or liability can be transacted on the measurement date in an arm's length transaction among market participants. The following are the measures for Liontar Ltd to determine the fair value of its assets:
Land:The fair value of the land on which the factory is located has increased, and its use has shifted from industrial to residential. As a result, the property valuation group has valued the land at $1,000,000, taking into account recent land sales in the region.Land Valuation = $1,000,000Factory:The fair value of the factory, on the other hand, is determined using a depreciated replacement cost model.The cost of rebuilding the factory on the current site is estimated to be $780,000, while the cost of demolishing the current factory is estimated to be $100,000. Since the factory was constructed in 2010, the accumulated depreciation as of June 30, 2020, is $260,000. The carrying amount of the factory was $260,000 on June 30, 2020, and the accumulated depreciation on the factory was $260,000.
Therefore, according to the depreciated replacement cost model, the fair value of the factory is estimated to be:FV Factory = (Depreciated Replacement Cost) - (Accumulated Depreciation)FV Factory = $780,000 - $260,000FV Factory = $520,000
Thus, the total fair value of the assets of Liontar Ltd is:Liontar Ltd Fair Value = Land Valuation + FV FactoryLiontar Ltd Fair Value = $1,000,000 + $520,000Liontar Ltd Fair Value = $1,520,000
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using six sigma principles is an organization-wide commitment and all employees must embrace its principles.
Six Sigma is a management approach that improves an organization's processes by reducing defects or errors, resulting in improved quality and efficiency. The Six Sigma methodology relies heavily on data-driven decision-making and statistical analysis to identify and eliminate root causes of errors.
It is an organizational-wide commitment where all employees must embrace its principles to achieve successful results.The Six Sigma approach aims at creating a quality-driven culture throughout the organization. It involves identifying, defining, measuring, analyzing, improving, and controlling processes to enhance their efficiency and reduce defects. Six Sigma principles require full commitment from every employee in the organization, including management, supervisors, and employees at all levels.
The involvement of every employee in the organization makes it easy to achieve successful results.Embracing Six Sigma principles provides a way of improving quality and efficiency by eliminating waste, reducing errors, and improving customer satisfaction. It leads to improved productivity, increased revenue, and cost savings, which makes an organization more competitive in the market.
However, Six Sigma principles can only be successful if all employees in the organization embrace them. Therefore, the involvement of every employee, including management, supervisors, and employees at all levels, is critical to the successful implementation of Six Sigma principles. In conclusion, Six Sigma principles require an organizational-wide commitment where all employees must embrace its principles to achieve successful results.
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Future value of an annuity Using the values below, answer the questions that follow (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet )
amount of annuity = $2.500
interest rate = 8%
deposit period (years) = 10
a. Calculate the fulure value of the annuty, assuming that it isc (1) An ordinary arinuty (2) An annuty due b. Compare your findings in parts a(1) and ar2) Al else being identical, which type of annuity-ordinary or annuty due-is preferable a. (1) The future value of the ordinary annuty is $______
a. (1) The future value of the ordinary annuity is 38,560.26.
Following is the calculation:
Future Value = A * ((1 + r)n - 1) / r
where
A = amount of annuity
r = rate of interest per period
n = number of periods
For an ordinary annuity,
A = $2,500r = 8%n = 10
Future Value of the ordinary annuit
y= 2,500 * ((1 + 0.08)10 - 1)
/ 0.08= $38,560.26 (rounded to two decimal places).
b. Comparison:
An annuity due is preferable if there is a delay in the receipt of the first payment (deposit). Since in an annuity due, the first deposit is made at the beginning of the period, whereas in an ordinary annuity, the first deposit is made at the end of the period, the annuity due has one more period to accumulate interest.
The additional interest earned on the first deposit helps to make the annuity due more valuable than the ordinary annuity, all else being equal.
An annuity due is more advantageous than an ordinary annuity for the same amount, period, and interest rate.
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