The accounting rate of return is calculated by dividing the average annual income by the initial investment, and then multiplying by 100% to express the result as a percentage. It is important to consider other methods such as net present value (NPV) and internal rate of return (IRR) before making a final decision on which project to pursue.
For Project 1=12%
For Project 2=12.1%
a) The accounting rate of return :
For Project 1:Accounting Rate of Return = ($15,600 / $130,000) x 100% =12%
For Project 2:Accounting Rate of Return = ($12,100 / $100,000) x 100%=12.1%
b) Based on the accounting rate of return, Project 2 is preferred because it has a higher rate of return than Project 1. However, the accounting rate of return has several limitations as a capital budgeting tool, including the fact that it ignores the time value of money and does not consider cash flows beyond the first year. It is important to consider other methods such as net present value (NPV) and internal rate of return (IRR) before making a final decision on which project to pursue.
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productivity in the southern ocean is great when the sun is out, but what else make these waters flourish?
The productivity in the Southern Ocean is not only dependent on the presence of sunlight, but also on the availability of nutrients. The Southern Ocean is known for its high levels of nutrients due to the upwelling of deep, nutrient-rich waters. These nutrients are essential for the growth of phytoplankton, which are the base of the ocean food chain.
The upwelling of deep, nutrient-rich waters occurs due to the strong, continuous winds and currents that circulate around Antarctica. These winds push surface waters away from the continent, allowing nutrient-rich waters from the depths to rise up and fill the gap. This process is known as upwelling, and it plays a crucial role in sustaining the high productivity of the Southern Ocean.
In addition to upwelling, the Southern Ocean is also home to a diverse range of marine life, including krill, squid, and a variety of fish species. These organisms play important roles in the ocean food chain, providing food for larger predators such as seals, whales, and seabirds.
Overall, the high productivity of the Southern Ocean is a complex interplay of sunlight, nutrients, and a diverse array of marine life. Understanding these factors is essential for managing and protecting the unique and important ecosystem of the Southern Ocean.
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The primary opportunity for time compression management (TCM) lies in its application to:
A) the purchasing process.
B) the production process.
C) the administrative process.
D) the marketing process.
The correct answer is B) the production process. Time compression management (TCM) is a method used to reduce the amount of time it takes to complete a production process, without compromising quality.
By reducing the lead time from the start of the production process to its completion, companies are able to increase efficiency, reduce costs, and respond more quickly to changes in customer demand. TCM involves a range of techniques such as eliminating non-value-added activities, improving communication and coordination between departments, and using technology to automate and streamline processes.
The other processes listed, such as purchasing, administration, and marketing, can also benefit from TCM, but the primary opportunity lies in the production process. By reducing production lead times, companies can achieve a range of benefits, including faster time to market, improved customer satisfaction, and increased profitability.
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the financially independent firm or individual that acts as the bondholders' representative is the
The financially independent firm or individual that acts as the bondholders' representative is known as the trustee. A trustee is appointed to ensure that the bondholders' interests are protected and that the terms of the bond agreement are upheld.
The trustee acts as a mediator between the issuer of the bond and the bondholders, representing the bondholders' interests in matters such as interest payments, principal repayments, and enforcement of the bond covenants. Trustees are typically selected by the issuer of the bond and are required to be financially independent to avoid any conflicts of interest. They are responsible for monitoring the financial condition of the issuer and ensuring that all payments due to the bondholders are made on time. Trustees also have the power to enforce the bond covenants and take legal action against the issuer if necessary.
In summary, bondholders rely on trustees to act as their representative in ensuring that their investment is financially protected. Trustees are selected for their financial independence and are responsible for monitoring the issuer's financial condition and ensuring that the terms of the bond agreement are upheld. Their role is crucial in maintaining the trust and confidence of bondholders, which is essential for the successful issuance and trading of bonds.
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merchant company purchased land for a building site. the costs associated with the property were: purchase price $ 183,000 real estate commissions 15,800 legal fees 1,600 expenses of clearing the land 2,800 what is the total recorded cost of the land? $198,800 $200,400 $183,000 $203,200 $186,600
The several costs associated with the property that need to be considered to determine the total recorded cost of the land.
The total recorded cost of the land purchased by the merchant company for the building site is $203,200.In this scenario, the merchant company purchased land for a building site. The costs included the purchase price of $183,000, real estate commissions of $15,800, legal fees of $1,600, and expenses of clearing the land for $2,800.
To calculate the total recorded cost of the land, we need to add up all of these costs. Thus, the total recorded cost of the land is $203,200 purchase price + real estate commissions + legal fees + expenses of clearing the land = $183,000 + $15,800 + $1,600 + $2,800 = $203,200.
It is important to note that the total recorded cost of the land is not just the purchase price. Other costs associated with the property, such as real estate commissions and legal fees, need to be taken into consideration. By including all of the costs associated with the property, we can arrive at the most accurate total recorded cost of the land.
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if an employee working in a non-credit reduction state has year-to-date earnings subject to futa tax of $6,450 prior to the current period and earns $825 during the current period, the associated futa tax owed by the employer is $
The total FUTA tax owed by the employer is $49.50.
If the employee is working in a non-credit reduction state and has year-to-date earnings subject to FUTA tax of $6,450 prior to the current period and earns $825 during the current period, the associated FUTA tax owed by the employer is calculated as follows:First, we need to determine the taxable FUTA wages for the current period, which is the $825 earned during the current period since the year-to-date earnings have already been subject to FUTA tax.
Next, we calculate the FUTA tax rate for the employer, which is 6.0%.Then, we multiply the taxable FUTA wages for the current period by the FUTA tax rate to get the FUTA tax owed by the employer for the current period, which is $49.50.Since the state is a non-credit reduction state, the employer cannot claim any credits against the FUTA tax owed, so the total FUTA tax owed by the employer is $49.50.
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.The members of an LLC have little flexibility in operating or managing a business.
false or true?
The members of an LLC (Limited Liability Company) actually have considerable flexibility in operating and managing their business. An LLC is a popular business structure because it combines the benefits of a partnership, like flexibility in management, with the limited liability protection of a corporation.
Members of an LLC can choose to be either member-managed or manager-managed. In a member-managed LLC, all members participate in making decisions and running the business. This allows each member to have a direct say in the company's operations. In a manager-managed LLC, the members appoint one or more managers to handle the day-to-day operations of the business, providing a more centralized decision-making structure.
Additionally, LLCs can customize their operating agreements, which are the documents outlining the company's management structure, decision-making processes, and distribution of profits and losses among members. This flexibility allows members to tailor the company's structure to best suit their needs and goals.
In summary, the statement that the members of an LLC have little flexibility in operating or managing a business is false. LLCs offer a flexible management structure, enabling members to choose between member-managed or manager-managed arrangements and to customize their operating agreements to suit their specific business requirements.
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a pure risk is where there is: a.a possibility of either profit or loss. b.a possibility of neither profit nor loss. c.only the possibility of profit. d.only the possibility of loss or no loss.
A pure risk is a type of risk where there is only the possibility of loss or no loss, and there is no possibility of profit. This type of risk is commonly associated with events or circumstances that are beyond an individual's control, such as natural disasters, accidents, and illnesses. The correct option is d.
Pure risks are considered to be the most insurable type of risk, as they can be quantified and managed through the use of insurance policies.
One example of a pure risk is a car accident. If a driver is involved in car accident, there is a possibility that they will suffer losses such as medical bills, car repairs, and lost wages. However, there is no possibility of profit from this situation. The driver can only hope to minimize their losses through insurance coverage.Another example of a pure risk is a fire. If a home or business is damaged or destroyed by a fire, the owner may suffer losses such as property damage and lost income. However, there is no possibility of profit from this situation. The owner can only hope to minimize their losses through insurance coverage.In summary, pure risks are characterized by the possibility of loss or no loss, and they are insurable through the use of insurance policies.Know more about the pure risk
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intoxicated but fully aware of the consequences, gerry agrees to a two-year service contract with signal maintenance, inc., at more than the average market price. this contract is
The contract entered into by Gerry with Signal Maintenance, Inc. while being intoxicated but fully aware of the consequences, and at a price higher than the average market price, is a valid and enforceable contract.
Although Gerry was under the influence of alcohol at the time of entering into the contract, it is evident that he had the capacity to understand the nature and consequences of his actions. Therefore, the contract is not voidable on the grounds of lack of capacity or undue influence.
Furthermore, the fact that the price agreed upon is higher than the average market price does not render the contract invalid. As long as both parties have willingly agreed to the terms of the contract, the price agreed upon is considered fair and reasonable.
However, it is important to note that the legality of the contract may be called into question if it can be proven that Signal Maintenance, Inc. took advantage of Gerry's intoxicated state to induce him into entering the contract. If such evidence is presented, the contract may be deemed voidable due to fraud or misrepresentation.
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Under the perpetual Inventory system discounts taken on an invoice by the buyer would be O debites to Merchandise Inventory credited to cast of Goods Sold o credited to Merchandise Inventory debited to cost of Goods Sold
The correct answer is debited to Merchandise Inventory and credited to Cost of Goods Sold.
Under the perpetual inventory system, which is a method of tracking inventory levels on a continuous basis, discounts taken on an invoice by the buyer would be recorded as a debit to Merchandise Inventory and a credit to Cost of Goods Sold.
When a buyer receives an invoice from a supplier with a discount for early payment, the buyer has the option to take advantage of the discount by paying the invoice early. If the buyer chooses to do so, the discount amount will be deducted from the amount owed to the supplier.
To record this transaction under the perpetual inventory system, the buyer would debit (increase) their Merchandise Inventory account by the amount of the discount, since they have effectively reduced the cost of the inventory they purchased. At the same time, they would credit (increase) their Cost of Goods Sold account by the same amount, since they have recognized the cost savings as a reduction in the expense of the goods sold.
So, the correct answer is: debited to Merchandise Inventory and credited to Cost of Goods Sold.
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on december 1, victoria company signed a 90-day, 6% note payable, with a face value of $15,000. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.) $0 $75 $900 $225 $300
The interest expense accrued is $225. the amount of interest expense accrued at December 31 on the note is $225.
Follow these steps;
1. First, determine the length of the accrual period, which is from December 1 to December 31. This is a total of 31 days.
2. Next, calculate the annual interest rate as a decimal: 6% = 0.06.
3. Calculate the annual interest expense by multiplying the face value of the note ($15,000) by the annual interest rate (0.06): $15,000 x 0.06 = $900.
4. Determine the daily interest expense by dividing the annual interest expense ($900) by 360 days (using 360 days in a year): $900 / 360 = $2.50.
5. Finally, calculate the accrued interest expense for the 31-day period by multiplying the daily interest expense ($2.50) by the number of days (31): $2.50 x 31 = $225.
So, the amount of interest expense accrued at December 31 on the note is $225.
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Why might people choose to rent a home rather than buy a home?
a. They have a lot of money saved for a down payment. b. The property maintenance is the owner's responsibility. c. The interest rates on equity are too high. d. They have a long-term commitment to the area.
Answer: A
Explanation: People usually chose to buy houses instead of renting house because of saving reasons
Answer:
b. The property maintenance is the owner's responsibility.
Explanation:
its actually this one. i took an L for the gang. youre welcome
in the colorado contract to buy & sell encumbrances to be paid by the seller:
In the Colorado contract to buy & sell encumbrances to be paid by the seller Must be paid at or before closing. Thus the correct option is B.
A legal right or interest in a property that restricts the property owner's ownership rights. Liens, easements, and mortgages are all examples of encumbrances.
The parties agree in the contract to purchase and sell encumbrances to be paid by the seller and that any outstanding encumbrances will be settled by the seller at or before the transaction closes.
Therefore, option B Must be paid at or before closing is appropriate.
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The complete question is probably
In the Colorado Contract to Buy & Sell encumbrances to be paid by the seller
a. Must be paid prior to closing
b. Must be paid at or before closing
c. Must not be paid from proceeds from the sale of the property
d. May be paid by the seller after closing
if all firms have the same costs of production, then in long-run equilibrium, a. price exceeds average total cost for all firms. b. price exceeds marginal cost for all firms. c. some firms may earn positive economic profits. d. all firms have zero economic profits and just cover their opportunity costs.
In long-run equilibrium, in a perfectly competitive market where all firms have the same costs of production, all firms have zero economic profits and just cover their opportunity costs (option d).
This is because in the long run, if firms in the industry are earning positive economic profits, new firms will enter the market, increasing supply and driving down the price until firms are just covering their opportunity costs. Conversely, if firms are incurring losses, some firms will exit the market, reducing supply and driving up the price until firms are again just covering their opportunity costs. In the long run, firms in a perfectly competitive market will produce at the minimum of their average total cost curve, and the price will equal their marginal cost (options a and b are incorrect). While some firms may earn positive accounting profits, they will not earn positive economic profits because they are just covering their opportunity costs (option c is incorrect).
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If the toothpaste market is monopolistically competitive, product differentiation may take place in what way?
a. the production of different varieties of toothpaste, including those with whitening agents, differentiation in the locations where certain toothpastes are available, and quality differences among the various brands
b. differentiation in the locations where certain toothpastes are available
c. the production of different varieties of toothpaste, including those with whitening agents
d. quality differences among the various brands
If the toothpaste market is monopolistically competitive, c. the creation of several toothpaste kinds, including those containing whitening agents.
A monopolistically competitive market is one in which there are numerous buyers and sellers of a differentiated product. This description applies to a wide range of branded products.
In monopolistic competition, no single firm has a monopoly on the market, and several firms can enter the market and compete for a market share. Companies are not required to consider how their decisions affect competitors, allowing each firm to operate without concern of increasing competition.
Competing companies distinguish their comparable items by varied marketing techniques, brand names, and quality levels. Companies engaged in monopolistic competition operate as price makers, determining the prices of goods and services. Monopolistic firms can raise or cut prices without igniting a price war, which is common in oligopolies.
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fans set up a crowdfunding account to produce new, not-for-profit episodes of star trek. this type of crowdfunding uses the approach. a. equity investing b. pre-purchases c. rewards d. donations
The type of crowdfunding being used when fans set up an account to produce new, not-for-profit episodes of Star Trek is (d) donations.This method is commonly used for creative, artistic, or charitable projects that aim to provide value to a community or fan base.
The type of crowdfunding used by fans to produce new, not-for-profit episodes of Star Trek is donations. This approach involves individuals contributing money to a cause or project without the expectation of receiving anything in return other than the satisfaction of supporting the cause. Donations can be made through crowdfunding platforms like Kickstarter, GoFundMe, or Patreon. In this case, fans of Star Trek are using their own funds to finance new episodes that are not officially sanctioned by the franchise owners. While not-for-profit, this crowdfunding campaign may offer rewards to donors, such as exclusive access to behind-the-scenes content or a special thank-you message. However, these rewards are not the primary motivation for making a donation, and the campaign is not offering equity investing or pre-purchases of a product.
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william, a 17-year-old high school student, chooses products in the grocery store by looking at the pictures on the labels of the goods on the shelves because he cannot read many of the words. william would be considered: question 11 options: a) functionally illiterate. b) innumerate. c) unschooled. d) functionally literate.
Based on the information provided, the most suitable option is (a) functionally illiterate, as it aligns with William's difficulty in reading words on product labels.
To answer this question, we need to understand the meaning of each term provided in the options and relate them to William's situation.
a) Functionally illiterate: A person who has difficulty reading and writing at a level required for daily life activities.
b) Innumerate: A person who has difficulty understanding and working with numbers.
c) Unschooled: A person who has not received formal education or schooling.
d) Functionally literate: A person who has sufficient reading and writing skills for everyday life.
In William's case, he is a 17-year-old high school student who has trouble reading words on product labels in the grocery store. This indicates that he struggles with reading and writing in everyday situations.
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in terms of the parameters, the null hypothesis that a 1% increase in candidate a's expenditures is offset by a 1% increase in candidate b's expenditures is:
The null hypothesis in this scenario can be stated as follows: The null hypothesis (H0): A 1% increase in Candidate A's expenditures is offset by a 1% increase in Candidate B's expenditures, resulting in no significant impact on their relative chances of winning.
In this case, we are testing the hypothesis that changes in both candidates' expenditures have a neutral effect on their chances of winning when they both increase by 1%. This null hypothesis will be tested against an alternative hypothesis (H1), which would state that there is a significant impact on their relative chances when the expenditures change.
To test this null hypothesis, we would typically collect data on campaign expenditures and election outcomes for a sample of elections featuring two candidates. We would then perform a statistical analysis, such as a regression, to determine if there is a significant relationship between the expenditures of the two candidates and their relative chances of winning. If the analysis provides evidence that supports the null hypothesis, we would conclude that there is no significant impact of a 1% increase in both candidates' expenditures on their chances of winning. On the other hand, if the analysis supports the alternative hypothesis, we would conclude that there is a significant impact of the expenditure changes on their chances of winning.
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Lines at banks where customers wait for a teller window are usually representative of a multichannel, multiphase system. last-in, first-out system. single-channel, multiphase system multichannel, single-phase system. single-channel, single-phase system.
The correct answer to your question is "last-in, first-out system." When customers line up at banks to wait for a teller window, they form a queue that operates on the last-in, first-out (LIFO) system. This means that the customer who arrives at the end of the line is served first, and the customer who arrives first is served last.
The system at banks where customers wait for a teller window is representative of a multichannel, multiphase system, and specifically operates on the LIFO system. the banking system is multichannel because there are multiple windows where customers can receive service. Additionally, the system is multiphase because there are multiple steps involved in each transaction, including verifying the customer's identity, conducting the transaction, and providing any necessary information or documentation. Lastly, the LIFO system is used to ensure fairness and efficiency in the queue, as the customer who has been waiting the longest is served first.
Overall, understanding the queuing system used at banks can help customers anticipate wait times and plan accordingly, as well as help banks optimize their service processes. This knowledge can lead to a smoother and more efficient banking experience for all involved.
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mira purchased a pack of disinfectant wipes during the pandemic for $10 and received 80 utils of satisfaction for this purchase. calculate her marginal utility per dollar spent.
Mira's marginal utility per dollar spent on the disinfectant wipes is 10 utils/dollar.
To calculate Mira's marginal utility per dollar spent, we need to determine the change in utility for each additional dollar spent on the disinfectant wipes.
Given that Mira purchased the disinfectant wipes for $10 and received 80 utils of satisfaction, we can calculate her total utility from the purchase.
Now, let's consider what would happen if Mira spent an additional dollar on the disinfectant wipes. If the marginal utility of the additional dollar spent is positive, it means that Mira is gaining additional satisfaction from that extra dollar spent.
To calculate the marginal utility, we need to compare the total utility after the additional dollar spent to the total utility before that extra dollar was spent.Let's assume that after spending the additional dollar, Mira's total utility increases to 90 utils. This means that the additional dollar spent added 10 utils of satisfaction.
To calculate the marginal utility per dollar spent, we divide the change in utility (10 utils) by the additional dollar spent (1 dollar):Marginal Utility per Dollar Spent = Change in Utility / Additional Dollar Spent
= 10 utils / 1 dollar
= 10 utils/dollar
Therefore, Mira's marginal utility per dollar spent on the disinfectant wipes is 10 utils/dollar. This means that for each additional dollar she spends on disinfectant wipes, she gains 10 utils of satisfaction.
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in order to form a limited liability company articles of organization must be filed with a central state agency. true
True. in order to form a limited liability company articles of organization must be filed with a central state agency.
In order to form a limited liability company (LLC), articles of organization must be filed with a central state agency. The articles of organization provide information about the LLC, such as its name, address, and the names of its members. Additionally, the articles of organization outline the LLC's operating agreement, which establishes the rules and regulations that govern the LLC's operations and management. Once the articles of organization are filed and approved by the state agency, the LLC becomes a legally recognized business entity with limited liability protection for its members.
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after graduation you open an injection molding fabrication shop. you are contacted by a potential customer for a quote to produce a part for them. they want 50,000 parts/year for 5 years. you estimate that making the mold will cost $60,000. additionally, you estimate that labor and materials costs will be $20,000 per year. if you have a marr of 12%, what is the minimum price per part you should quote your potential customer to achieve your marr
The minimum price per part that should be quoted to achieve a MARR of 12% is $0.76. The cost of producing 50,000 parts per year for 5 years is estimated to be $20,000 per year, which includes the cost of labor and materials. In addition to this, the cost of creating the mold for the part is $60,000.
To determine the minimum price per part, the total cost of production must be divided by the total number of parts produced over the five-year period. The total cost of production over the five years is estimated to be $160,000 ($60,000 + ($20,000 x 5)), and the total number of parts produced over the five years is 250,000 (50,000 parts/year x 5 years).
The minimum price per part that should be quoted to achieve a MARR of 12% is calculated by dividing the total cost of production by the total number of parts produced over the five years and then adding the MARR. Therefore, the minimum price per part is:
Minimum Price per Part = (Total Cost of Production / Total Number of Parts Produced) + MARR
Minimum Price per Part = ($160,000 / 250,000) + 0.12
Minimum Price per Part = $0.64 + 0.12
Minimum Price per Part = $0.76
Therefore, the minimum price per part that should be quoted to achieve a MARR of 12% is $0.76. It is important to note that this is the minimum price and that a higher price could be quoted to increase profitability. However, it is important to remain competitive in the market and ensure that the price quoted is not too high for the customer to accept.
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alice purchased a house for $790,000, paid 25 percent down in cash, and financed the balance for 15 years at 2.5 percent, compounded monthly. what is the amount of each monthly mortgage payment? group of answer choices $14,988.48 $3,950.73 $47,854.13 $8,978.26 $9,351.66
The amount of each monthly mortgage payment for Alice's house, given the provided information, is $3,950.73.
First, we need to calculate the mortgage amount, which is the balance after the down payment.
Mortgage amount = $790,000 - ($790,000 x 25%) = $592,500
Next, we can use the formula for monthly mortgage payments:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where M is the monthly mortgage payment, P is the mortgage amount, i is the monthly interest rate (2.5% / 12 = 0.00208333), and n is the total number of monthly payments (15 years x 12 months = 180).
Plugging in the numbers:
M = $592,500 [ 0.00208333 (1 + 0.00208333)^180 ] / [ (1 + 0.00208333)^180 – 1]
M = $3,950.73
Therefore, Alice's monthly mortgage payment is $3,950.73.
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a call option on junico ltd. stock with an exercise price of $75 and an expiration date 1 year from now is worth $3 today. a put option on junico stock with an exercise price of $75 and an expiration date 1 year from now is worth $2.50 today. the risk-free rate of return is 8%, and junico pays no dividends. the stock should be worth
To determine the value of Junico's stock, we can use the Black-Scholes model which takes into account the current stock price, exercise price, time to expiration, risk-free rate, and volatility.
Since we are given the option prices, we can use the put-call parity relationship to solve for the stock price. Put-call parity states that the difference between a call option and a put option with the same strike price and expiration date should equal the difference between the stock price and the present value of the exercise price.
So, using the put-call parity relationship, we get:
Call option price - Put option price = Stock price - PV(exercise price)
$3 - $2.50 = Stock price - ( $75 / (1+0.08)^1 )
$0.50 = Stock price - $69.44
Stock price = $69.44 + $0.50 = $69.94
Therefore, based on the given information, the stock price of Junico Ltd. is estimated to be $69.94.
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For brevity, the minutes of a meeting should include only the main decisions that werereached. True False
True. The minutes of a meeting are an official record of the discussions and decisions made during the meeting. They should provide a concise summary of the key points that were discussed and the main decisions that were reached.
The purpose of minutes is to capture the important information that was discussed and to communicate it to attendees and non-attendees alike.
Including only the main decisions that were reached in the minutes is important for brevity and clarity. The minutes should not be a verbatim transcript of everything that was said during the meeting, but rather a condensed summary of the most important information. This makes the minutes easier to read and understand, and ensures that the most salient information is emphasized.
Additionally, including only the main decisions in the minutes can help to avoid misunderstandings or confusion later on. By focusing on the key points, the minutes provide a clear and accurate record of what was discussed and decided, which can be useful for reference in the future.
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suppose that income earners in the top 20% of a certain nation earn an average of $120,000 per year and that the income inequality ratio is 8. how much do workers in the bottom 20% earn in a year, on average?
The workers in the bottom 20% earn an average of $12,117.50 per year.
To calculate the Lorenz curve, we'll need to create a chart that shows what percentage of the population earns a certain percentage of the country's income:
If the top 20% of the population earns 51 percent of the country's total income, the Lorenz curve will have the following points:
Point A = (0, 0)
Point B = (20, 51)
Point C = (100, 100)
The area under the Lorenz curve can be calculated using the trapezoidal rule:
Area = (a+b)/2 * h
Where a is the length of the bottom base of the trapezoid, b is the length of the top base of the trapezoid, and h is the height of the trapezoid.
The area under the Lorenz curve, A, is 2,949, and the area between the Lorenz curve and the horizontal axis, B, is 11,689.
Using the formula for the Gini coefficient,
G = A/(A+B)G = 2949/(2949+11689)
G = 0.201
Now we can use the following formula to find the income of the bottom 20% of the population:
x = ((1-G)*T)/2
Where T is the total income of the country, which is the sum of the incomes of the top 20% and bottom 80% of the population.
T can be calculated as follows:
T = (120,000 * 20%)/8 + x * 80%/8
T = 30,000 + 10,000 + 0.125x
T = 40,000 + 0.125x
Now, using the formula above,x = ((1-G)*T)/2x = ((1-0.201)*(40,000+0.125x))/2x = 12,117.5
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minor electric has received a special one-time order for 900 light fixtures (units) at $20 per unit. minor currently produces and sells 4,500 units at $21.00 each. this level represents 75% of its capacity. production costs for these units are $27.00 per unit, which includes $18.00 variable cost and $9.00 fixed cost. to produce the special order, a new machine needs to be purchased at a cost of $850 with a zero salvage value. management expects no other changes in costs as a result of the additional production. if minor wishes to earn $1,750 on the special order, the size of the order would need to be:
The size of the order would need to be 1,025 units to earn a profit of $1,750.
To earn $1,750 on the special order, Minor Electric would need to produce and sell 1,025 units.
First, we need to calculate the contribution margin per unit, which is the difference between the selling price ($21) and the variable cost per unit ($18), which comes out to be $3 per unit. Since management expects no other changes in costs as a result of the additional production, the contribution margin per unit for the special order will remain the same.
Next, we need to calculate the total fixed cost, which is $9 per unit multiplied by 4,500 units, which comes out to be $40,500. Adding the cost of the new machine ($850) to this, we get a total fixed cost of $41,350.
Now, we can use the contribution margin per unit to calculate the number of units needed to earn a profit of $1,750. To do this, we divide the desired profit ($1,750) by the contribution margin per unit ($3), which gives us 583.33. However, since Minor Electric needs to cover its fixed costs, we need to add the ratio of the fixed cost to the contribution margin per unit (41,350/3) to the result, which gives us a total of 1,025 units. Therefore, the size of the order would need to be 1,025 units to earn a profit of $1,750.
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the importance and value placed on a reward in expectancy theory is known as:
The importance and value placed on a reward in expectancy theory is known as Valence.
Expectancy theory is a motivation theory that explains the linkages between effort, performance, and outcomes. According to this theory, individuals are motivated to exert a high level of effort when they believe that their effort will lead to good performance, and good performance will lead to desired outcomes or rewards.
Valence is a key concept in expectancy theory. It refers to the value or importance that an individual places on a particular outcome or reward. Valence is influenced by an individual's needs, values, goals, and preferences.
In other words, valence reflects how much an individual wants or desires a particular reward, and it is a crucial factor in determining an individual's level of motivation. The higher the valence of a reward, the more motivated an individual will be to perform the task or achieve the goal that is associated with that reward.
In conclusion, valence is the term used in expectancy theory to describe the importance and value placed on a reward. It is a crucial factor in determining an individual's level of motivation.
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If the price of train tickets decreases, what will be the impact in the market for bus travel ? . O A. The demand curve for bus travel shifts to the right. OB. The demand curve for bus travel shifts to the left. C. The quantity of bus travel demanded decreases. OD. The quantity of bus travel demanded increases.
If the price of train tickets decreases, it is likely that more people will opt for train travel, thereby reducing the demand for bus travel. This would result in - B. a shift in the demand curve for bus travel to the left, indicating a decrease in the quantity of bus travel demanded.
What is the reason?The decrease in demand for bus travel could potentially lead to a reduction in the price of bus tickets in order to attract customers.
However, it is important to note that other factors such as the availability of bus services, convenience, and time constraints could also influence the market for bus travel.
Overall, a decrease in the price of train tickets would have a negative impact on the market for bus travel.
Hence, the answer is option b.
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convenience products such as bread, milk, and chewing gum would probably be distributed:
Convenience products like bread, milk, and chewing gum are typically distributed through widespread channels such as grocery stores, convenience stores, and gas stations.
These products are widely consumed and have a high demand, so they require a distribution system that is accessible and efficient.
Grocery stores, for example, are often located in residential areas and offer a wide range of convenience products to their customers.
Convenience stores and gas stations are also popular distribution channels for these types of products as they are often open 24/7 and offer quick and easy access to consumers.
Summary: Convenience products such as bread, milk, and chewing gum are distributed through easily accessible channels such as grocery stores, convenience stores, and gas stations due to their high demand and need for efficiency in distribution.
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As the tax wedge associated with a given economic activity gets smaller, we would expect
A) the distortions caused by taxes on that activity to be greater.
B) people will spend more on that economic activity.
C) no change in the practice of that activity until the tax wedge ultimately disappears.
D) more of that economic activity to occur.
E) people to engage in less of that particular activity.
As the tax wedge associated with a given economic activity gets smaller, we would expect (D) more of that economic activity to occur.
The tax wedge refers to the difference between the pre-tax and post-tax prices of a good or service. When taxes increase, the tax wedge increases, making the good or service more expensive for consumers and potentially reducing demand. Conversely, when taxes decrease, the tax wedge decreases, it reduces the burden of taxes on that activity, making it more attractive for individuals and businesses to engage in it, making the good or service more affordable for consumers and potentially increasing demand.
If the tax wedge associated with a particular economic activity decreases, such as through a tax cut or tax credit, consumers will have more disposable income available to spend on that activity. As a result, demand for the activity is likely to increase, leading to more production and economic activity in that area.
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