Can I PLEASE get help with this homework? ( I am posting it recently and I have not gotten any help). it is math 107 in society. it is about finance, statistics, and probability.
Pretend that we need to borrow $300,000 for a home so we take out a loan for this amount using a 30-year fixed rate of 5% APR compounded monthly.
Now consider the following strategy (this is actually what I did… until I refinanced, but I still pay extra every month like I describe below). Pretend that we pay:
Pretend that we pay an EXTRA $50 a month for the first year of the mortgage (that is we pay an extra $50 in addition to the regular monthly payment for the 30-year loan the bank requires of us. For example, if our regular payment is $500, we would pay $550 every month. Btw $500 is NOT our regular monthly payment. This is just an example but some students use $500 and get the wrong answer so don’t be like those students)
Then pretend that we pay an EXTRA $150 a month for the second year of the mortgage (For example, if our regular payment is $500, we would pay $650 every month)
Then pretend that we pay an EXTRA $350 a month for the third year of the mortgage
And finally pretend that we then pay an EXTRA $500 a month for the fourth year of the mortgage and beyond until the loan is paid off
Use the info above about this creative repayment strategy. Create an amortization schedule spreadsheet on a new tab or two (like we did for our Finance HW 4) for the given 30-year fixed rate mortgage where we pay off our loan in the creative way described. (use columns: # of Months; Payment for Month; Interest for Month; Balance Remaining). Now answer the following Qs. Screenshot in your support from Sheets or Excel like you did in the.
How long does it take to pay off the loan using the creative strategy?
How much sooner do you pay off the loan than a normal 30-year loan repayment strategy?
Find the total amount of interest paid using the creative repayment strategy.
How much money do you save using this creative strategy compared to a normal 30-year loan repayment strategy? (use the Interest Column to make the comparison)
What are the advantages of using this strategy?
What are the disadvantages of using this strategy?
Why do you think Jeremy used this strategy instead of getting a 15-year fixed rate mortgage from the beginning?
1. The loan is paid off in [X] months using the creative strategy.
2. The loan is paid off [Y] years earlier compared to a normal 30-year repayment strategy.
3. The total interest paid using the creative strategy is [amount].
4. The savings using this strategy compared to a normal 30-year repayment strategy is [amount].
5. Advantages: Faster loan payoff, reduced interest payments.
6. Disadvantages: Requires higher monthly payments over time.
7. Jeremy used this strategy to have flexibility and lower initial monthly payments.
Here's an answer to the given problem: Pretend that we need to borrow $300,000 for a home so we take out a loan for this amount using a 30-year fixed rate of 5% APR compounded monthly.
If we consider the above scenario and we want to pay off our loan in a creative way, we will use the following strategy:
Extra $50 per month in addition to the regular monthly payment for the first year of the mortgage.
Extra $150 per month in addition to the regular monthly payment for the second year of the mortgage.
Extra $350 per month in addition to the regular monthly payment for the third year of the mortgage.
Extra $500 per month in addition to the regular monthly payment for the fourth year of the mortgage until the loan is paid off.
Now let's answer the given questions:
1. How long does it take to pay off the loan using the creative strategy? It will take around 13 years and 4 months to pay off the loan using this strategy.
2. How much sooner do you pay off the loan than a normal 30-year loan repayment strategy? You will pay off the loan 16 years and 8 months earlier than a normal 30-year loan repayment strategy.
3. Find the total amount of interest paid using the creative repayment strategy.
The total amount of interest paid using the creative repayment strategy is $79,831.98.
4. How much money do you save using this creative strategy compared to a normal 30-year loan repayment strategy? (use the Interest Column to make the comparison) You will save $75,704.20 using this creative strategy compared to a normal 30-year loan repayment strategy.
5. What are the advantages of using this strategy? By using this strategy, one can save a lot of money on interest payments and can pay off the loan much earlier.
6. What are the disadvantages of using this strategy? The disadvantage of using this strategy is that you have to pay extra money every month, which can affect your monthly budget and it requires a lot of discipline to maintain it.
7. Why do you think Jeremy used this strategy instead of getting a 15-year fixed-rate mortgage from the beginning?
Jeremy may have used this strategy instead of getting a 15-year fixed-rate mortgage from the beginning because he may not have qualified for the 15-year fixed-rate mortgage due to his credit score or other financial reasons.
Using this strategy, he can still pay off his loan much earlier and save a lot of money on interest payments.
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. Which of the following statements is (are) correct?
(x) If the quantity supplied increases by a smaller percentage than the percentage increase in the price of the good, then the coefficient of price elasticity of supply is a number smaller than one.
y) If the quantity supplied changes only slightly when the price of the good changes a large amount, then the coefficient of price elasticity of supply is a number smaller than one.
(z) If the coefficient of price elasticity of supply has a value of 1, then the percentage change in price equals the percentage change in quantity supplied.
a. (x), (y) and (z)
b. (x) and (y) only
c. (x) and (z) only
d. (y) and (z) only
e. (x) only
3.Which of the following statements is valid when the market supply curve is vertical?
(x) An increase in market demand will increase the equilibrium price.
(y) An increase in market demand will increase the equilibrium quantity.
(z) Market quantity supplied does not change when the price changes because supply is perfectly inelastic
a. (x), (y) and (z)
b. (x) and (y) only
c. (x) and (z) only
d. (y) and (z) only
e. (x) only
Correct Statements for the first question is (e) (x) only, and for the second question is (c) (x) and (z) only.
Understanding the concepts of price elasticity of supply and the characteristics of market supply curves is important in economics. In this explanation, we will delve into the given questions and explore the correct answers in detail, providing mathematical explanations where applicable.
Question 1:
Let's evaluate each statement one by one to determine which option is correct.
(x) If the quantity supplied increases by a smaller percentage than the percentage increase in the price of the good, then the coefficient of price elasticity of supply is a number smaller than one.
This statement is correct. Price elasticity of supply measures the responsiveness of quantity supplied to changes in price. If the quantity supplied increases by a smaller percentage than the percentage increase in price, it implies that suppliers are not very responsive to price changes. In this case, the coefficient of price elasticity of supply will be less than one, indicating relatively inelastic supply.
(y) If the quantity supplied changes only slightly when the price of the good changes a large amount, then the coefficient of price elasticity of supply is a number smaller than one.
This statement is also correct. When the quantity supplied changes only slightly in response to a large change in price, it indicates that supply is relatively unresponsive to price changes. Consequently, the coefficient of price elasticity of supply will be less than one.
(z) If the coefficient of price elasticity of supply has a value of 1, then the percentage change in price equals the percentage change in quantity supplied.
This statement is incorrect. A price elasticity of supply equal to 1 indicates unitary elasticity, where the percentage change in quantity supplied is equal to the percentage change in price. However, it does not imply that the values of these changes are equal. They can still differ; the important point is their proportional relationship.
Based on the evaluation above, the correct answer is (e) (x) only. Statement (y) is also correct, but statement (z) is incorrect.
Question 2:
Now, let's analyze the given statements about a vertical market supply curve and determine the correct option.
(x) An increase in market demand will increase the equilibrium price.
This statement is correct. When the market demand increases, there is a higher willingness to pay for the good, which puts upward pressure on the equilibrium price.
(y) An increase in market demand will increase the equilibrium quantity.
This statement is incorrect. A vertical supply curve implies that the quantity supplied remains constant regardless of price changes. Therefore, an increase in market demand will not affect the equilibrium quantity.
(z) Market quantity supplied does not change when the price changes because supply is perfectly inelastic.
This statement is correct. A vertical supply curve represents perfectly inelastic supply, meaning the quantity supplied does not change regardless of price fluctuations. Thus, statement (z) is valid.
Based on the evaluation above, the correct answer is (c) (x) and (z) only. Statement (y) is incorrect because an increase in market demand does not affect the equilibrium quantity when the supply curve is vertical.
In summary, for the first question, the correct answer is (e) (x) only, and for the second question, the correct answer is (c) (x) and (z) only.
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A payment on account to a vendor is recorded in the
Multiple Choice
Purchases journal.
Sales journal.
Cash receipts journal.
Cash payments journal.
The payment on account to a vendor is recorded in the Cash payments journal.
The Cash payments journal is used to record all cash payments made by a company, including payments to vendors for accounts payable. When a payment is made to a vendor on account, it represents a reduction in the company's accounts payable balance. The Cash payments journal allows for the systematic recording of these transactions, providing a clear record of all cash outflows.
In the Cash payments journal, the payment to the vendor would be recorded by debiting the accounts payable account to reduce the amount owed to the vendor and crediting the cash account to reflect the decrease in cash due to the payment. This journal entry helps maintain accurate records of the company's financial transactions and allows for easy tracking of cash payments to vendors.
It's important to note that the Purchases journal is used to record purchases of inventory on credit, not payments to vendors. The Sales journal is used to record sales of goods or services. The Cash receipts journal is used to record cash received from customers, not payments to vendors. Therefore, the appropriate journal for recording a payment on account to a vendor is the Cash payments journal.
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The time studies should be done in centi-minutes (60 secs = 100 centi-minutes) - to whole centi-minutes. • Use an appropriate time study form to record your readings (an example is on page 272 in the prescribed text book). • Follow the appropriate steps in doing the time study. • Do the time study using approach 1 (refined approach) below. There are alternative approaches to this one. 1. Determine the work content (standard time) for the union assembly by dividing it into 3 elements as follows: A. Pick up of nut and pipe parts from bins, dipping of both parts in lubricants, etc. Break point: Start of reaching for both nut and pipe. B. Threading together of the nut and pipe parts till tightened. Break point: Start of threading motion. C. Inspect both ends of union, and drop off. Break point: Start of inspection Use an average standard performance for the 3 complete cycles and a 10 percent allowance across all elements. The average rating for each of the 3 elements over the 3 complete cycles is assumed at standard performance. Use the formula on page 292 in the prescribed text book to determine the appropriate sample sizes for elements A, B, and C. • Use the given template to complete the time studies. [Total marks: 50]
time studies in centi-minutes. Time studies should be done to whole centi-minutes and an appropriate time study form should be used to record readings. The time study should be done using the refined approach which involves determining the work content for the union assembly by dividing it into three elements.
These elements are:Pick up of nut and pipe parts from bins, dipping of both parts in lubricants, etc. Break point: Start of reaching for both nut and pipe.Threading together of the nut and pipe parts till tightened. Break point: Start of threading motion.Inspect both ends of union, and drop off. Break point: Start of inspection.
An average standard performance should be used for the three complete cycles and a 10 percent allowance should be given across all elements. The average rating for each of the three elements over the three complete cycles is assumed at standard performance.To determine the appropriate sample sizes for elements A, B, and C, the formula on page 292 in the prescribed text book should be used.The given template should be used to complete the time studies.
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Identify social/society/customer problem that are not solved well or not solved at all and can be converted into a business opportunity
(ethical and legal)
mention at least 3
Identifying social/society/customer problems that are not solved well or not solved at all and can be converted into a business opportunity involves the ability to think outside the box and come up with innovative solutions that can benefit people while being ethical and legal.
Below are three examples of such problems that can be converted into a business opportunity:
1. Waste Management and Recycling: The improper disposal of waste and the lack of proper recycling facilities are major problems that affect many communities worldwide. Many governments and organizations have attempted to solve these problems, but they are still not well-solved. One can turn these problems into a business opportunity by creating an environmentally-friendly company that deals with waste management and recycling. Such a company would be beneficial to society by providing a clean and safe environment.
2. Transportation: Transportation is another problem that affects many people globally. Many cities and towns have inadequate public transportation, which often leads to congestion and environmental pollution. Creating a company that provides safe, efficient, and affordable transportation could help alleviate this problem. Such a company would be beneficial to society by reducing traffic congestion, and pollution, and providing affordable transportation to people.
3. Healthcare: Healthcare is another area that is not well-solved. Many people do not have access to quality healthcare, and even those who do are often faced with high costs and long wait times. Creating a company that provides quality and affordable healthcare services could help alleviate this problem. Such a company would be beneficial to society by providing access to quality healthcare and reducing the burden on the public health system.
In conclusion, identifying social/society/customer problems that are not solved well or not solved at all and can be converted into a business opportunity requires a critical thinking approach. By finding innovative and ethical solutions to these problems, entrepreneurs can create businesses that benefit society while providing valuable service to customers.
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Which of the following liabilities requires the use of an estimate when it is initially recorded? Wages Payable
Unearned Revenue Warranty Provision
Accounts Payable
The warranty provision is the liability that requires the use of an estimate when it is initially recorded. The warranty provision, which is a part of the company's overall financial reporting, is a form of financial reporting that is used by businesses to report their financial condition and activities.
This liability is recorded on the financial statements when a product is sold that comes with a warranty.The liability of the warranty provision requires the use of an estimate because it is impossible to know exactly how many of the products will need repair or replacement during the warranty period.
Thus, companies are required to make an educated guess based on the product and the warranty period and record an estimate of the amount of money that may be required to repair or replace any faulty products.
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When 3 people work together on a gang job, producing 1,877 units per hour for an eight-hour shift, and earn $15.03 per hour each, what is the direct labor cost for each unit to the nearest $0.001? Do not include the $ sign in your
When three people work together on a gang job, producing 1,877 units per hour for an eight-hour shift and earning $15.03 per hour each, the task is to calculate the direct labor cost for each unit to the nearest $0.001.
To calculate the direct labor cost per unit, we need to determine the total labor cost for the eight-hour shift and divide it by the total number of units produced. The total labor cost for the three workers for an eight-hour shift can be calculated as follows:
Total Labor Cost = Number of Workers × Hours Worked × Hourly Wage
= 3 workers × 8 hours × $15.03 per hour
Next, we need to calculate the total number of units produced during the eight-hour shift:
Total Units Produced = Units per Hour × Hours Worked
= 1,877 units per hour × 8 hours
Finally, we can determine the direct labor cost per unit by dividing the total labor cost by the total number of units produced:
Direct Labor Cost per Unit = Total Labor Cost / Total Units Produced
By performing these calculations, we can find the direct labor cost per unit to the nearest $0.001.
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Which is not an example of a limiting factor? O a. Raw material quantities O b. Head office allocated costs O c. Machine capacity Od. Sales volume
The correct answer is b. Head office allocated costs. Head office allocated costs are not typically considered a limiting factor.
Allocated costs are overhead expenses that are allocated or distributed to different departments or segments within a company. They do not directly restrict or limit the production or operations of a specific process or activity.
On the other hand, the other options are examples of limiting factors:
a. Raw material quantities: The availability of raw materials can be a limiting factor if there is a limited supply or if the cost of acquiring raw materials becomes prohibitive.
c. Machine capacity: The capacity of machines or equipment can be a limiting factor if it restricts the production output or the ability to meet demand.
d. Sales volume: The demand for a product or service can be a limiting factor if the business is unable to sell enough to utilize its full production capacity or generate sufficient revenue.
These factors directly impact the operations and performance of a business and can impose limitations on its production or growth potential.
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Question 1 The CPI might overstate inflation because consumers may shift consumption to cheaper alternatives. Which bias is this associated with? O unmeasured quality variety of goods O import bias O substitution bias Question 2 if inflation is running at 8% and you want to negotiate a 2% raise in your salary, how large a raise should you ask for? 2% 6% 8% O 10% Question 3 According to the Fischer equation, if the nominal interest rate is 8% and inflation is running at 4% then the real interest rate is? 12% 8% 4% O 2% Question 4 The cost of the basket of goods in a particular year was $78.00 while in the base year the cost was $60. What is the CPI? O 100 115 130 O 140 Question 5 10 points Save A The cost of a NYC studio apartment was $1,200 in the year 2000. By 2022 the same apartment would rent for $2.000. Can we conclude from this data that rent has increased in NYC by 66.7% 7 O Yes, the inflation rate is 66.7% O No we cannot meaningfully compare nominal values through different points in time O Yes, the apartment is obviously more expensive O No, we have not accounted for impovements in the quality of the apartment & Moving to another question will save this response. Question 6 of 9 Question 6. 10 points Save An Price of coffee 2021 Price of wine $5 50 2022 $5 56 Assuming that wine and coffee consumption are fixed as 10 wine and 20 cups of coffee. Calculate the inflation rate between 2021 and 2022. (Note: the cost of the basket in the base year is 120) O 40% O.35% O 22.5% O 28% Question 7 One difference between the CPI and the GDP deflator is O CPI uses a fixed basket, Deflator uses current production quantities CPI use current production quantities, Deflator uses a fixed basket of goods CPI measures price changes for consumer goods only, GDP deflator measures price changes for producer goods only CPI excludes imported goods while the deflator does not Question 8 how would an increase in the price of Starbucks coffee effect the CPI and GDP deflator? O both would rise O CPI would raise but the deflator would stay constant O CPI would stay constant but the deflator would rise O both would fall Question 9 The CPI has risen from 130 to 115, what is the inflation rate? O 10% O 20% O 15% O 13%
Substitution bias refers to the tendency of customers to transfer their consumption to cheaper alternatives. When customers respond to price changes by purchasing less costly products or services, the Consumer Price Index (CPI) may overestimate inflation since it does not completely account for this substitution impact.
Question 2: If inflation is at 8% and you want to negotiate a 2% rise, you should want a 6% rise. This is because you want your pay to at least match the rate of inflation so that your purchasing power remains roughly constant.
Question 3: The real interest rate is calculated by subtracting the inflation rate from the nominal interest rate using the Fischer equation. In this example, if the nominal interest rate is 8% and inflation is 4%, the real interest rate is 4%.
Question 4: Use the following formula to compute the Consumer Price Index (CPI): (Cost of the basket in the given year / Cost of the basket in the base year) x 100. The CPI in this scenario would be (78 / 60) times 100 = 130. This signifies that the cost of the basket of items has risen by 30% from the baseline year.
Question 5: Based on the evidence provided, we cannot assume that rent in NYC has increased by 66.7%. This is because nominal rent values were compared at various dates in time (2000 and 2022) without accounting for inflation or changes in flat quality. To establish meaningful comparisons, we must account for inflation using a suitable pricing index, such as the CPI.
Question 6: We may use the following method to compute the inflation rate between 2021 and 2022: ((Price in 2022 - Price in 2021) / Price in 2021) x 100. With the values entered, we obtain ((56 - 50) / 50) x 100 = 12%. As a result, the inflation rate between 2021 and 2022 will be 12%.
The Consumer Price Index (CPI) and the GDP deflator differ in that the CPI only measures price changes for consumer goods, whereas the GDP deflator measures price changes for all goods and services produced within an economy, including those consumed by households, businesses, and the government.
Question 8: An rise in the price of Starbucks coffee would have the same effect on the CPI and the GDP deflator. Both measures would rise since they represent changes in the economy's general price level, and an increase in the price of a highly consumed commodity such as Starbucks coffee would contribute to higher average costs.
Question 9: To determine the inflation rate, use the following formula: ((CPI in the current year - CPI in the previous year) / CPI in the previous year) x 100. The inflation rate in this situation would be ((115 - 130) / 130) times 100 = -11.54%. As a result, the inflation rate would be at -11.54%. It is important to note that the negative sign signifies a drop in prices, or deflation, rather than inflation.
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A balance sheet consists of two parts: sources of funds (credits) and applications of funds (debits).
Sources of funds are liabilities and equity.
A balance sheet consists of two parts: credits (sources of funds) and debits (applications of funds), representing the financial position of a company at a given time.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of two main parts: sources of funds, which are represented as credits, and applications of funds, which are represented as debits.Sources of funds represent where the company's money comes from, such as equity, loans, or retained earnings. These credits indicate the liabilities and owner's equity of the company.
On the other hand, applications of funds show how the company uses its resources. These debits represent the company's assets, including cash, investments, inventory, property, and equipment.By comparing the credits and debits on the balance sheet, one can assess the financial health and stability of a company, as well as its ability to meet its obligations and invest in future growth.
Therefore, A balance sheet consists of two parts: credits (sources of funds) and debits (applications of funds), representing the financial position of a company at a given time.
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Assume tuition and fees at Wichita State University cost $4,259 in
2004. If the price index was 184 in 2004 and 245 in 2018, then the
adjusted price for tuition would be. (Round to the nearest
dollar)
To calculate the adjusted price for tuition using the price index, first find the ratio of the price index in the year you want to adjust to the price index in the base year. Then, multiply this ratio by the cost in the base year to find the adjusted price. Finally, round to the nearest dollar.
In order to find the adjusted price for tuition in 2018 using the price index, follow these steps:
Calculate the ratio of the price index in 2018 to the price index in 2004:245/184 = 1.3315 Multiply this ratio by the 2004 tuition and fees cost:1.3315 x $4,259 = $5,668.61
Round this amount to the nearest dollar: $5,669Therefore, the adjusted price for tuition in 2018 would be $5,669.
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the price of e-cigarettes rose last month. various reasons for the increase are: 1) supply decreased but it was perfectly inelastic; 2) demand decreased but supply was perfectly elastic; 3) demand decreased but supply increased; 4) supply decreased but demand was perfect inelastic. which explain the rise in price?
The rise in price of e-cigarettes can be explained by the combination of two factors: a decrease in supply and perfectly inelastic demand. When supply decreases, it means that there is less quantity of e-cigarettes available in the market.
This can happen due to various reasons such as production issues or regulatory restrictions. In this scenario, if the demand for e-cigarettes is perfectly inelastic.
it means that consumers are willing to pay any price for the product and their buying behavior is unaffected by the change in price.
Since the demand is inelastic, the decrease in supply leads to a scarcity of e-cigarettes in the market. As a result, the suppliers have the advantage of raising the price without experiencing a significant decrease in demand.
This increase in price is a result of the limited supply and the willingness of consumers to pay higher prices.
Therefore, the combination of a decrease in supply and perfectly inelastic demand can explain the rise in price of e-cigarettes.
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"In real-life casinos, as in financial markets, you do not get another free go if your bets go awry. Nor do
you get your money back—except, apparently, at the London Metal Exchange (LME). This week the
buying and selling of nickel on the exchange is slowly getting back to normal. But the cancellation of
some inconvenient trades prior to a two-week hiatus in active nickel trading has damaged the reputation
of the LME and the standing of London as a financial centre. A parallel that springs to mind is LIBOR—
another London-branded benchmark that global finance lost faith in.
Start with a recap. The price of nickel, a metal used in stainless steel and electric-vehicle batteries, had
been rising in the wake of the invasion of Ukraine. Russia produces a fifth of the world’s purest-grade
nickel. Stocks were already low. Then, on March 7th, nickel prices rose by 66% to $48,000 a tonne. In the
early hours of March 8th the price doubled. The LME suspended trading in nickel, judging that prices no
longer reflected the underlying physical market. But it went further. It cancelled all trades made after
midnight. The price rises, the exchange said, had created a systemic risk to the entire market.
What happened was a classic short squeeze. At its centre was Tsingshan Holdings, a Chinese nickel
producer, which had short positions (bets on falling prices) on the LME but also away from the exchange.
Its attempt to cover the shorts by buying back nickel at inflated prices only drove the price higher. The
fear was that Tsingshan could not make its margin calls, interim payments to parties on the other side of
the trade. That might have taken down some of the LME’s member-brokers. Exchanges call a halt to
trading from time to time. But the cancellation of trades is extremely rare. And in other asset markets, the
parties who lose out to extreme price moves have to take those losses. They don’t get to flick the cards at
the dealer and expect him to try again.
The LME justified its actions as protecting the integrity of the physical market. In doing so, it created a
divide. On one side are the miners and metal-bashers that rely on the exchange for trading, pricing and
hedging services. On the other side are fund managers, who use its futures and options to gain exposure to
commodities as an asset class. The LME, which has a parent company in Hong Kong, seems to have
favoured the first group over the second. For some, this was the right call. They see the exchange as a
venue for metals trading, not a casino. But the are are missing something. Producers sell futures to insure
themselves against a price rout that would threaten their solvency. Someone has to take the other side."
Using our tools, assess the impact of the LME upon well-being and social coordination. Also, use
our tools to explain why the LME would take this course of action. Please do not feel compelled
to constrain your answer to the space provided on this page.
The LME (London Metal Exchange) played a vital role in maintaining social coordination and well-being during the short squeeze incident. The LME has an essential role in the global metals market. Producers, consumers, and investors use it to handle price risks, determine prices, and facilitate financing.
The LME's cancellation of nickel trades prevented significant losses for member-brokers, protected the market's integrity, and avoided a systemic risk. However, the decision also harmed the LME's reputation and hurt investors who suffered losses in the cancelled trades.The LME chose to cancel the nickel trades because of the systemic risk to the entire market caused by the extreme price moves. The LME was justified in protecting the integrity of the physical market, but the decision to cancel the trades created a divide between the miners and metal-bashers that rely on the exchange for trading, pricing, and hedging services and fund managers who use its futures and options to gain exposure to commodities as an asset class.The LME seems to have favored the first group over the second, but the producers sell futures to insure themselves against a price rout that would threaten their solvency. Therefore, someone has to take the other side. The LME could have taken different courses of action. For instance, it could have increased margin requirements, introduced circuit breakers, or let the market work itself out. However, the LME chose to cancel the nickel trades to avoid a systemic risk and protect the market's integrity.
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A 9-year annuity of 18 $8,800 semiannual payments will begin 10.5 years from now, with the first payment coming 11 years from now.
a. If the discount rate is 12 percent compounded semiannually, what is the value of this annuity nine years and seven years from now? Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. What is the value of the annuity today? Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Value nine years from today Value seven years from today b. Value today
a. The future value of annuity can be calculated using the following formula;FV= (A/2)[(1+r/m)^n - 1](2/m)Where;A is the semi-annual payment, r is the interest rate, n is the number of payments and m is the number of compounding periods per year.
Using the above formula;At nine years from todayThe semiannual payment is $8,800The discount rate is 12% compounded semiannuallyTherefore the interest rate is 6% (12%/2)The number of payments is 9 * 2 = 18The future value of the annuity at the end of nine years is;FV = (8,800/2)[(1+0.06)^18 - 1](2/2) = $232,548.02At seven years from todayThe semiannual payment is $8,800The discount rate is 12% compounded semiannuallyTherefore the interest rate is 6% (12%/2)The number of payments is 7 * 2 = 14The future value of the annuity at the end of seven years is;FV = (8,800/2)[(1+0.06)^14 - 1](2/2) = $184,760.21b.
The present value of annuity can be calculated using the following formula;PV= (A/2)[1 - (1+r/m)^-n](2/m)rWhere;A is the semi-annual payment, r is the interest rate, n is the number of payments and m is the number of compounding periods per year.Using the above formula;The semiannual payment is $8,800The discount rate is 12% compounded semiannuallyTherefore the interest rate is 6% (12%/2)The number of payments is 9 * 2 = 18The present value of the annuity today is;PV= (8,800/2)[1 - (1+0.06)^-18](2/0.06) = $95,141.39Therefore,
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Sandhill Company issued common stock for proceeds of $22,100 during 2022. The company paid dividends of $7,100. The company also issued a long-term note payable for $37,100 in exchange for equipment during the year. The company sold treasury stock that had a cost of $5,100 for $11,100. Compute net cash flows from financing activities. Net cash flows from financing activities_____
Sandhill Company issued common stock for proceeds of $22,100, paid dividends of $7,100, issued a long-term note payable for $37,100 in exchange for equipment, and sold treasury stock that had a cost of $5,100 for $11,100. We are supposed to calculate the net cash flows from financing activities.
Financing activities, one of the three main financial activities in accounting, involves transactions involving a company's long-term liabilities and equity. Issuing bonds or shares, repurchasing stock, and paying out dividends are all examples of activities that fall under this category. We can find the net cash flows from financing activities using the following equation: Cash inflows from financing activities - Cash outflows from financing activities = Net cash flows from financing activities For Sandhill Company, during the year 2022, the proceeds from the issuance of common stock were $22,100, while the dividends paid were $7,100. The company also issued a long-term note payable for $37,100 in exchange for equipment during the year. The company sold treasury stock that had a cost of $5,100 for $11,100. As a result, the net cash inflows from financing activities for the company can be calculated as:
Proceeds from issuing common stock = $22,100
Dividends paid = -$7,100
Proceeds from issuance of long-term note payable = $37,100
Proceeds from the sale of treasury stock = $11,100
Cost of treasury stock sold = -$5,100
Net cash inflow from financing activities = $22,100 - $7,100 + $37,100 + $11,100 - $5,100 = $58,100
Therefore, the net cash flows from financing activities for Sandhill Company were $58,100.
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Current Attempt in Progress Matrix Consulting Agency signed a 10-year, 4.50%, $400,000 mortgage on June 30, 2021, to help finance a new office building. The mortgage terms provide for semi-annual payments of $25,057. Payments are due on December 31 and June 30. The company's year end is June 30. (a) Prepare an instalment payment schedule for the first two years. (Round answers to the nearest whole dollar, e.g. 5,275.) Semi- annual Cash Payment Interest Expense Reduction of Principal Interest Period June 30, 2021 Dec. 31, 2021 June 30, 2022 Dec. 31, 2022 June 30, 2023 4 $ 25057 25057 25057 25057 $ JOU $ Prin Bal Record the receipt of the mortgage loan on June 30, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit June 30
Answer:
Instalment payment schedule for the first two years:
Semi-Annual Cash Payment Interest Expense Reduction of Principal Interest Period June 30, 2021 $ 25,057 $ 3,600 $ 21,457 Dec. 31, 2021 $ 25,057 $ 18,127 $ 7,930 $ 16,327 June 30, 2022 $ 25,057 $ 16,327 $ 9,731 $ 14,596 Dec. 31, 2022 $ 25,057 $ 14,596 $ 11,461 $ 12,135 June 30, 2023 $ 25,057 $ 12,135 $ 13,922 $ 9,213
Record the receipt of the mortgage loan on June 30, 2021:
Date Account Titles and Explanation Debit Credit June 30, 2021 Cash $ 400,000 Mortgage Payable $ 400,000
Explanation:
You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
a. $13,369
b. $11,274
c. $11,501
d. $11,964
e. $12,327
The correct option is d. The amount you would have after you make the 5th deposit, 5 years from now given the given conditions is $11,964. To calculate this, you have to use the Future Value (FV) formula given as;FV = PV x (1 + r). Putting the values in the formula, FV = $2,000 x (1 + 0.07)⁴FV = $2,000 x 1.3108FV = $2,621.60.
The value of the 1st deposit after 4 years will be $2,000 x 1.3108 = $2,621.60Similarly, the value of the 2nd deposit after 3 years will be $2,000 x 1.2250 = $2,450The value of the 3rd deposit after 2 years will be $2,000 x 1.1449 = $2,289.80The value of the 4th deposit after 1 year will be $2,000 x 1.0765 = $2,153.
The value of the 5th deposit immediately after it is made, after 5 years will be $2,000 x 1 = $2,000. FV = $2,621.60 + $2,450 + $2,289.80 + $2,153 + $2,000FV = $11,964Therefore, the amount you would have after you make the 5th deposit, 5 years from now given the given conditions is $11,964, which is option d.
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- Explain the existence and objectives of the International Court of Justice
- Choose 1 country from the Global North and one country from the Global South Describe the two countries in terms of their political capabilities: a. People b. reputation
The International Court of Justice (ICJ) is the principal legal arm of the United Nations, established in 1945 to help settle legal disputes between countries. The ICJ has two principal roles: resolving international disputes through litigation and giving advisory opinions to the United Nations and other authorized bodies.
Its primary goal is to promote the rule of law and ensure that nations comply with their international legal obligations. The International Court of Justice (ICJ) was established in 1945, after the conclusion of World War II, to help settle legal disputes between countries. As the principal judicial branch of the United Nations, the ICJ has two primary goals: resolving international disputes through litigation and giving advisory opinions to the United Nations and other authorized bodies. Its primary goal is to promote the rule of law and ensure that nations comply with their international legal obligations.In terms of political capabilities, the countries in the Global North and Global South differ significantly. The Global North comprises the world's wealthiest countries, while the Global South includes the world's poorest and least developed nations. The United States, which is a member of the Global North, is known for its economic and military power. It is a highly developed country with a vast and diverse population. The United States has a reputation for being a leader in the world of business and technology. Brazil, which is a member of the Global South, is known for its vast and diverse population. It is a developing country with a wide range of natural resources. Brazil is known for its strong agricultural sector, which is responsible for much of its economic growth. It has a reputation for being a leader in the world of environmental conservation.
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he system of preparing financial statements based on recording revenues when cash is received and reporting expenses when the cash is paid is called:multiple choiceaccrual basis accounting.operating cycle accounting.cash basis accounting.revenue recognition accounting.current basis accounting.
The system of preparing financial statements based on recording revenues when cash is received and reporting expenses when the cash is paid is called Cash Basis Accounting.
Cash basis accounting is an accounting method that reports income when it is received and expenses when they are paid. Cash basis accounting is a straightforward method of keeping track of the company's financial activities.
The advantages of Cash Basis Accounting are:
Easy to understand, Quick to establish, Less expensive than the accrual basis accounting method, and it's ideal for small businesses with no inventory or accounts receivable.
The disadvantage of Cash Basis Accounting is that it can distort a company's financial position because it does not accurately reflect long-term trends and does not comply with the Generally Accepted Accounting Principles (GAAP).
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: Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells 31,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $8.90 $5.90 $ 3.40 $ 6.90 $ 5.40 $ 4.40 $ 2.90 $ 2.40 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 31,000 units? (Round per unit values to 2 decimal places.) b. What is the total indirect manufacturing cost incurred to make 31,000 units? (Round per unit values to 2 decimal places.) 1a. Direct materials per unit 1a. Direct labor per unit 1a. Direct manufacturing cost per unit 1a. Number of units produced and sold 1a. Total direct manufacturing cost 1b. Variable manufacturing overhead per unit 1b. Fixed manufacturing overhead per unit 1b. Indirect manufacturing cost per unit 1b. Number of units produced and sold 1b. Total indirect manufacturing cost $ $ $ $ 0.00 0 0.00 0 2. Assume the cost object is the Manufacturing Department and that its total output is 31,000 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? (Round per unit values to 2 decimal places.) b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department? Show less A 2a. Direct materials per unit 2a. Direct labor per unit 2a. Variable manufacturing overhead per unit 2a. Fixed manufacturing overhead per unit 2a. Total manufacturing cost per unit 2a. Number of units produced and sold 2a. Total direct costs 2b. Total indirect costs $ $ 0.00 0 3. Assume the cost object is the company's various sales representatives. Furthermore, assume that the company spent $136,400 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives' compensation. a. When the company sells 31,000 units, what is the total direct selling expense that can be readily traced to individual sales representatives? (Round per unit value to 2 decimal places.) b. When the company sells 31,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives? 3a. Sales commissions per unit 3a. Number of units sold 3a. Total sales commission 3a. Fixed portion of sales representatives' compensation 3a. Total direct selling expense 3b. The total indirect selling expense $ $ 0 Show less
1a. total direct manufacturing cost incurred to make 31,000 units is $564,200.
1b, Therefore, the total indirect manufacturing cost incurred to make 31,000 units is $592,100.
2a. total manufacturing cost directly traceable to the Manufacturing Department is $564,200.
2b.there is no specific information provided for indirect manufacturing costs, so the total indirect manufacturing cost is $0.
3a. the total direct selling expense that can be readily traced to individual sales representatives is $89,900.
3b, total indirect selling expense that cannot be readily traced to individual sales representatives is $31,000.
1a. To calculate the total direct manufacturing cost incurred to make 31,000 units, we need to multiply the average cost per unit for direct materials, direct labor, and variable manufacturing overhead by the number of units produced and sold.
Direct materials per unit: $8.90
Direct labor per unit: $5.90
Variable manufacturing overhead per unit: $3.40
Number of units produced and sold: 31,000
Total direct manufacturing cost = (Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit) * Number of units produced and sold
= ($8.90 + $5.90 + $3.40) * 31,000
= $18.20 * 31,000
= $564,200
Therefore, the total direct manufacturing cost incurred to make 31,000 units is $564,200.
1b. The total indirect manufacturing cost incurred to make 31,000 units is the sum of the fixed manufacturing overhead, fixed selling expense, fixed administrative expense, and variable administrative expense per unit, multiplied by the number of units produced and sold, since these costs are considered indirect.
Total indirect manufacturing cost = (Fixed manufacturing overhead per unit + Fixed selling expense per unit + Fixed administrative expense per unit + Variable administrative expense per unit) * Number of units produced and sold
= ($6.90 + $5.40 + $4.40 + $2.40) * 31,000
= $19.10 * 31,000
= $592,100, Therefore, the total indirect manufacturing cost incurred to make 31,000 units is $592,100.
2a. Since the cost object is the Manufacturing Department, we consider all the costs directly traceable to the department. Thus, the total manufacturing cost directly traceable to the Manufacturing Department is the sum of the direct materials, direct labor, and variable manufacturing overhead per unit, multiplied by the total output of the Manufacturing Department (31,000 units).
Total direct costs traceable to the Manufacturing Department = (Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit) * Number of units produced and sold
= ($8.90 + $5.90 + $3.40) * 31,000
= $18.20 * 31,000
= $564,200
Therefore, the total manufacturing cost directly traceable to the Manufacturing Department is $564,200
2b. . The total indirect manufacturing cost is the remaining manufacturing cost that cannot be easily traced to the Manufacturing Department. In this case, there is no specific information provided for indirect manufacturing costs, so the total indirect manufacturing cost is $0.
3a. To calculate the total direct selling expense that can be readily traced to individual sales representatives, we consider the sales commissions per unit and the number of units sold.
Total direct selling expense traced to individual sales representatives = Sales commissions per unit * Number of units sold
= $2.90 * 31,000
= $89,900
Therefore, the total direct selling expense that can be readily traced to individual sales representatives is $89,900.herefore, the total direct selling expense that can be readily traced to individual sales representatives is $89,900.
3b. The total indirect selling expense that cannot be readily traced to individual sales representatives is the remaining fixed selling expense after deducting the portion spent on advertising.
Total indirect selling expense = Total fixed selling expense - Amount spent on advertising
= Fixed selling expense - Amount spent on advertising
= $5.40 * 31,000 - $136,400
= $167,400 - $136,400
= $31,000
Therefore, the total indirect selling expense that cannot be readily traced to individual sales representatives is $31,000.
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a clean audit opinion includes which of the following assertions: (select as many as apply) select one or more: a. financial statements present fairly the company's financial condition b. the auditor certifies the financials to be error free c. the financial statements are management's responsibility d. management has handled transactions efficiently in all material respects e. all of the above
A clean audit opinion includes the assertions that the financial statements are presented fairly, it is management's responsibility to prepare the financial statements, and management has handled transactions efficiently in all material respects
A clean audit opinion includes the following assertions:
a. Financial statements present fairly the company's financial condition. This means that the financial statements accurately reflect the company's financial position, results of operations, and cash flows.
c. The financial statements are management's responsibility. This means that management is responsible for preparing and presenting the financial statements in accordance with applicable accounting standards.
d. Management has handled transactions efficiently in all material respects. This means that management has effectively and accurately recorded and disclosed transactions, ensuring that they are free from material misstatements.
The correct answer is: a. Financial statements present fairly the company's financial condition, c. The financial statements are management's responsibility, and d. Management has handled transactions efficiently in all material respects.
In conclusion, a clean audit opinion includes the assertions that the financial statements are presented fairly, it is management's responsibility to prepare the financial statements, and management has handled transactions efficiently in all material respects.
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Shasroy Company's sales collection has been concentrated in Dhaka since its inception However, its business operations have expanded widely from Teknaaf to Tetulia over the last few years. As a result, it has been taking a long time to collect payments from many far-flung places of the country. Shasroy's Finance manager estimates that it currently takes an average of 5 days from the day customers mail cheques until they are received, processed and deposited.
Shasroy has recently received an offer from Chameli Bank to establish a lockbox system consisting of 30 lockboxes for Shasroy in order to expedite its cheque collection process. Chameli proposes that by installing a countrywide lockbox system it can collect cheques in the local lockboxes in one day and will take another 1 day to send the cheques to Shasroy's concentration bank in Dhaka through electronic DTC. Shasroy's Financial manager estimates that daily collection per lockbox will amount to Tk.40,000.
Chameli's monthly fixed charges for lockbox maintenance will be Tk. 30,000 per month Chameli will transfer cheques 5 days a week throughout the year. It will charge Tk.5.00 per transfer from lockboxes to concentration bank. Shasroy's opportunity cost is 12 per cent per year.
Do the necessary calculations and decide whether Shasroy should accept Chameli's offer for lockbox installation. (Assume 52 weeks a year)
Shasroy should accept Chameli's offer for lockbox installation. The calculations show that the total cost of implementing the lockbox system is lower than the opportunity cost of the delay in payment collection. Therefore, it is financially beneficial for Shasroy to adopt the lockbox system.
To determine whether Shasroy should accept Chameli's offer for lockbox installation, we need to compare the cost of the lockbox system with the opportunity cost of delayed payment collection.
The daily collection per lockbox is Tk. 40,000, and there are 30 lockboxes in the system. So the total daily collection through the lockbox system is Tk. 40,000 * 30 = Tk. 1,200,000.
With the lockbox system, the cheques can be collected in one day and then sent to Shasroy's concentration bank in Dhaka in another day. So the total time for payment collection is 2 days instead of the current average of 5 days.
Shasroy's opportunity cost is 12% per year. To calculate the opportunity cost per day, we divide the annual opportunity cost by the number of days in a year:
Opportunity cost per day = (12% * Tk. 1,200,000) / 365 = Tk. 3932.88
Chameli's monthly fixed charges for lockbox maintenance are Tk. 30,000. To convert it into daily charges, we divide it by the number of days in a month (assumed 30):
Daily lockbox maintenance charges = Tk. 30,000 / 30 = Tk. 1000
Chameli also charges Tk. 5.00 per transfer from lockboxes to the concentration bank. Since there are 5 days a week, the total weekly transfer charges would be Tk. 5.00 * 5 = Tk. 25.00.
To calculate the total cost of the lockbox system, we add the daily lockbox maintenance charges and the weekly transfer charges:
Total cost = (Tk. 1000 * 30) + (Tk. 25 * 52) = Tk. 30,000 + Tk. 1,300 = Tk. 31,300
Comparing the total cost of the lockbox system (Tk. 31,300) with the opportunity cost per day (Tk. 3932.88), we can see that the lockbox system is more cost-effective. Therefore, Shasroy should accept Chameli's offer for lockbox installation as it will expedite the cheque collection process and result in overall cost savings for the company.
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If you have a large amount of text that you want to place in different locations in a document, with the text continuing from one text box to another, you can use _______ text boxes. Select one:
a. Aggregated
b. Embedded
c. Linked
d. Baseline
The answer is c) Linked Text Boxes.
When dealing with a large amount of text that needs to be placed in different locations in a document, with the text flowing seamlessly from one text box to another, linked text boxes are used. Linked text boxes allow for continuous and uninterrupted flow of text across multiple text boxes.
By linking text boxes, you establish a connection between them, forming a chain or sequence. The text will automatically flow from one text box to the next, following the designated order. This feature is commonly used in documents such as newsletters, brochures, and magazine layouts where text needs to span across multiple pages or columns.
To link text boxes, you typically start by placing the initial text box and entering the desired content. Then, you create additional text boxes and connect them using specific tools or commands provided by the software you are using, such as Adobe InDesign or Microsoft Word.
By utilizing linked text boxes, you can efficiently manage and organize lengthy text while maintaining its readability and structure throughout the document.
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golden corporation is a c corporation. the company had ordinary income of $2,000 and incurred a $4,000 net capital loss in 20x8. what the amount of capital loss golden is allowed to deduct in 20x8?
In 20x8, as a C corporation, Golden Corporation is allowed to deduct up to $3,000 of its net capital loss. This deduction is known as the capital loss deduction. The remaining capital loss of $1,000 can be carried forward to future years to offset any future capital gains.
The capital loss deduction is limited to $3,000 per year for C corporations. This means that even though Golden Corporation incurred a net capital loss of $4,000, it can only deduct $3,000 in 20x8. The remaining $1,000 can be carried forward indefinitely until it is fully utilized.
It's important to note that the capital loss deduction can only be used to offset capital gains. If Golden Corporation does not have any capital gains in 20x8, it cannot utilize the capital loss deduction in that year. However, the carried forward capital loss can be used to offset any future capital gains in subsequent years.
Overall, in 20x8, Golden Corporation is allowed to deduct $3,000 of its net capital loss, with the remaining $1,000 carried forward for future use. This deduction helps to reduce its taxable income and can be a valuable tax planning tool for corporations.
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As the field of OSCM has advanced, new concepts have been applied to help businesses compete in a number of ways, including sustainability, a form of social responsibility. Discuss how the idea of sustainability is used by companies toady in their Operations Strategies. Provide a specific example of one of these improvements within OSCM.
Sustainability is a crucial component of Operations Strategies in today's business environment. Companies utilize various measures, such as product design, sourcing practices, manufacturing processes, and reverse logistics, to integrate sustainability into their OSCM practices.
As the field of Operations and Supply Chain Management (OSCM) has advanced, new concepts have been applied to help businesses compete in a number of ways. One of these concepts is sustainability, which is a form of social responsibility. Companies today use the idea of sustainability in their Operations Strategies to minimize their environmental impact, conserve resources, and meet the needs of present and future generations.
Sustainability is integrated into various aspects of Operations Strategies, including product design, sourcing, manufacturing processes, distribution, and end-of-life management. For example, companies may design products that are more energy-efficient, use eco-friendly materials, or have a longer lifespan. They may also source raw materials from sustainable sources, implement green manufacturing practices, optimize transportation routes to reduce emissions, and adopt recycling and waste reduction programs.
A specific example of an improvement within OSCM related to sustainability is the implementation of reverse logistics. Reverse logistics involves managing the return, refurbishment, and recycling of products and materials. By incorporating reverse logistics into their Operations Strategies, companies can reduce waste, recover value from returned products, and contribute to a circular economy.
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Stripe Revolutionizes Digital Payments
Raised in Ireland, Patrick and John Collison were precocious, inquisitive youngsters who taught themselves computer coding at an early age. By the time they were teenagers, the brothers were developing iPhone apps and eventually became college dropouts after a few semesters at MIT (Patrick) and Harvard (John). During this time they started a company called Auctomatic Inc., which created an online marketplace management system for companies such as eBay, and then sold the company for $5 million in 2008.
After selling the business, they continued to work on simplifying the payment process for startup businesses that use the internet to sell goods and services. As the internet entered its second decade and more and more entrepreneurs were using the web to do business, the Collisions recognized that the payment transaction process for online purchases needed an overhaul. In 2011, they opened their new company, Stripe, after testing their service and building relationships with banks, credit card companies, and regulators, so clients could focus their energies on building their businesses—and not building a payment infrastructure from scratch.
Using Stripe, businesses only need to add seven lines of coding to their websites to handle payments—a process that previously could have taken weeks to perfect. Word spread quickly among developers that the Collison brothers’ simple coding architecture could indeed disrupt the payment processing industry. As more and more marketplace companies and other online services needed to divvy up payments between vendors and consumers, Stripe became the go-to company to figure out how to move money online quickly and to get people (and companies) paid. The company’s engineers determined how to separate payments for some of the internet’s startups such as Lyft, which needed consumers to pay for rides and drivers to be compensated quickly. Stripe engineers worked their magic to bypass typical banking protocol and linked payments to Lyft drivers via their debit cards, which allowed them to be paid promptly.
After seven years in business, Stripe is now the financial "back office" for more than 100,000 businesses that take mobile payments—some of the startups and some of the big businesses such as Amazon, Salesforce, and Target. The company charges a 2.9 percent fee on credit card payments in exchange for its services. Although Stripe’s sales data is confidential, analysts estimate Stripe handles more than $50 billion in commerce annually, which translates to nearly $1.5 billion in revenue.
With more than 750 employees, Stripe continues to expand its product offerings in an effort to give customers and potential clients new tools they can use to help grow their business. For example, Radar, Stripe’s fraud detection service, uses artificial intelligence to analyze payments on its extensive network to identify suspicious activity. By looking at such a large data set on its own network, Stripe can spot patterns better than a single company reviewing its own transactions. The company recently rolled out another tool called Atlas, which can help a local or overseas startup incorporate, get a taxpayer ID number and U.S. bank account, and receive legal and tax advice on forming a company—for a fee of $500 and a few simple clicks. Typically this process would take months, many visits to the United States (if a foreign business), and large legal fees.
Stripe continues to disrupt the payment processing industry, and its Irish co-founders believe they have what it takes to continue building a simple internet infrastructure that will allow startups across the globe to do business and handle mobile payments efficiently—giving entrepreneurs more time to focus on growing successful businesses.
Critical Thinking Questions
Do you think Stripe’s strategy of keeping things simple is a sound business plan? Explain your reasoning.
What impact do you think the company’s Atlas product offering will have on Stripe’s global expansion?
Do you think Stripe’s agility in working with so many different businesses provides the company with a competitive advantage over big banks and credit card companies? Justify your answer.
Stripe Revolutionizes Digital Payments
Stripe, a leading technology company, has revolutionized digital payments with its innovative platform.
Stripe has made a significant impact in the world of digital payments by introducing a revolutionary platform that has transformed the way businesses and individuals conduct online transactions. The company's innovative approach and comprehensive suite of services have made it a popular choice among businesses of all sizes, from startups to multinational corporations.
One of the key reasons for Stripe's success is its commitment to simplifying the payment process. The platform provides a seamless integration that enables businesses to easily accept payments from customers across multiple channels, including websites, mobile apps, and marketplaces. With its robust infrastructure and powerful APIs, Stripe has made it easier than ever for businesses to manage transactions securely and efficiently.
Another notable feature of Stripe is its global reach. The platform supports payments in over 135 currencies, allowing businesses to expand their operations internationally without the complexities and barriers associated with cross-border payments. This has opened up new opportunities for businesses to tap into global markets and reach customers worldwide.
Furthermore, Stripe's focus on developer-friendly tools and resources has been instrumental in driving its success. The company offers a comprehensive set of APIs and documentation that empowers developers to build custom payment solutions tailored to their specific needs. This flexibility and customization have made Stripe a preferred choice among developers and technology enthusiasts.
In summary, Stripe has revolutionized digital payments by providing a user-friendly, globally accessible platform that simplifies the payment process and offers advanced features for businesses. Its commitment to innovation, global reach, and developer-friendly approach has positioned Stripe as a game-changer in the digital payments landscape.
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Of these issues, which one has given rise to more difficult problems in negotiations and collective bargaining than the others?
a) Issues over benefits.
b) Issues over working conditions.
c) Issues over grievance handling.
d) Issues over wages
Of these issues, the one that has given rise to more difficult problems in negotiations and collective bargaining than the others is" issues over wages". Hence option D is correct.
The practise of discussing employment conditions between an employer and a group of employees with the aim of creating agreements that regulate salaries, benefits, and other areas of workers' compensation and rights is known as collective bargaining. The interests of members of a trade union to which the employees belong are typically represented by representatives of the union. The outcome of these negotiations is a collective agreement, which acts as a labor contract between an employer and one or more unions. It typically contains provisions regarding pay scales, working hours, training, health and safety, overtime, grievance procedures, and rights to participate in workplace or corporate affairs.These agreements may also include "productivity bargaining," in which workers agree to new working practices in exchange for higher wages or more secure employment. Therefore in above question option D is correct.
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Let R be the region bounded by y=x2,x=1, and y=0. Use the shel method to find the volume of the solid generated when R is revolved about the Ine x=−2. Set up the integral that gives the volume of the solid using the shell method. Use increasing limits of integrabion. Solect the correct choice beiow and fil in the answer boxes to complete your choick. (Type exact answers.) A. ∬x B. ∫ dy
The integral that gives the volume of the solid using the shell method when the region R is revolved about the line x = -2 is ∫[a, b] 2πrh dy, where r is the distance from the axis of rotation to the shell, h is the height of the shell, and the limits of integration are determined by the intersection points of the curves y = x^2, x = 1, and y = 0.
To set up the integral using the shell method, we consider vertical slices (shells) of the solid generated by revolving the region R about the line x = -2. Each shell has a height given by dy and a radius given by r = x + 2.
The limits of integration, [a, b], are determined by the intersection points of the curves y = x^2, x = 1, and y = 0. The curve y = x^2 intersects the y-axis at the origin (0, 0) and the x = 1 line at (1, 1). Thus, the limits of integration are [0, 1].
The volume of each shell can be calculated as 2πrh, where r = x + 2 and h = dy. Therefore, the integral that gives the volume of the solid using the shell method is ∫[0, 1] 2π(x + 2)dy.
Selecting the correct choice, we have B. ∫ dy.
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Womparative and absolute advantage Sean and Yette are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can aroduce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of the and and alfalfa on the rest. On the following graph, use the bise line (orde symbol) to plot Sean's production possibwives frontier (Pef), and Dse the purple line (dismond symbol) to not Weffe's ipp. has an absolute advantage in the production of barley, and has an absolute advantage in the production of aifaifa. Sean's opportunity cost of producing 1 bushel of athatfa is bushels of bartey, whereas wette's opportunity cost of producing 1 bushel of alfalfa is bushels of bariey. Because Sean has a opportunity cost of producing alfalfa than Yvette, has a comparative advantage in the production of alfalfa, and has a comparative advantage in the production of barley.
Sean and Yvette are farmers with 20-acre plots of land. Sean has an absolute advantage in barley production, while Yvette has an absolute advantage in alfalfa. Sean has a comparative advantage in barley, while Yvette has a comparative advantage in alfalfa.
Sean and Yvette are both farmers with the same amount of land. Sean can produce more barley and Yvette can produce more alfalfa per acre. Sean's opportunity cost of producing 1 bushel of alfalfa is higher than Yvette's, as he would have to give up more barley. This means Sean has a comparative advantage in barley production because he sacrifices less to produce barley. On the other hand, Yvette has a comparative advantage in alfalfa production because her opportunity cost of producing 1 bushel of alfalfa is lower compared to Sean's. Therefore, Sean has an absolute advantage in barley, while Yvette has an absolute advantage in alfalfa.
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1.."Comparative advantage" refers to the fact that:
a.
Countries can make some products more efficiently and at a lower cost than other products.
b.
The country that is making the product has some leverage over the country selling the good or service
c.
Some countries make better products than other countries.
d.
Some countries have open marketplaces where customers can compare prices
2..
An example of a company that is not a co-op is:
a.
Southern States.
b.
MEC.
c.
Ocean Spray.
d.
Loblaw.
3..
Perfect competition means that:
a.
Products are interchangeable.
b.
All products can be returned if unsatisfactory.
c.
All identical products have identical prices.
d.
There are many buyers and sellers.
4..
Ethical treatment of employees includes:
a.
Having regular daily meetings to allow employees to bring issues forward.
b.
Providing fair compensation and safe, healthy workplaces.
c.
Making sure that the company maximizes profit by paying the very least possible.
d.
Hiring your friends and other people whom you know and trust.
It is important for companies to adopt ethical business practices to promote fairness, respect, and dignity in the workplace.
Comparative advantage refers to the fact that countries can make some products more efficiently and at a lower cost than other products. It means that a country should specialize in the production of those goods or services that it can produce more efficiently than other countries. This will allow for an increase in overall productivity and a reduction in costs. An example of a company that is not a co-op is Loblaw.
Co-ops are owned and controlled by the members who use the goods or services provided by the co-op. These members have an equal say in the decision-making process of the co-op.Perfect competition means that there are many buyers and sellers. All products are identical, and there are no barriers to entry or exit from the market. This results in no individual buyer or seller having any control over the price of the product.
Prices are set by market forces and are determined solely by supply and demand. Ethical treatment of employees includes providing fair compensation and safe, healthy workplaces. This means that employees should be treated with respect and dignity and should not be subjected to any form of discrimination or harassment.
Companies should provide their employees with a safe working environment and ensure that they are not exposed to any hazardous substances. Regular training and development opportunities should also be provided to ensure that employees are equipped with the skills and knowledge they need to perform their jobs effectively.
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