The turnover rate of the Aggressive Eastern Fund is approximately 1.3266.
To calculate the turnover rate of a fund, we need to divide the total value of assets bought and sold during the year by the average daily assets of the fund.
Total assets sold during the year: $167 million
Total assets purchased during the year: $162 million
Average daily assets: $248 million
To calculate the turnover rate:
Turnover Rate = (Total assets bought + Total assets sold) / Average daily assets
Turnover Rate = ($167 million + $162 million) / $248 million
Turnover Rate ≈ $329 million / $248 million
Turnover Rate ≈ 1.3266
Therefore, the turnover rate of the Aggressive Eastern Fund is approximately 1.3266.
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24. A client phones you in a bit of a panic and says that they need to buy USD against SEK for value todayl You look at your screen and see the following: Spot USD/SEK 6.2928/38, O/N swap points(1.5/0.5) T/N swap points 2.0/1.5, 1-week swap points 10.5/8.5 At what rate will you sell USD against SEK to your client? b. 6.2930
c. 6.29255
6.2936
WrD/sek today
The rate at which the USD is sold against SEK to the client is 6.2936.
The rate at which the USD is sold against SEK to the client is 6.2936. What is a Spot Rate? A spot rate is the existing exchange rate at which a currency pair can be traded. In other words, the spot rate refers to the current market rate of a currency pair that can be delivered immediately. What are Swap Points? Swap points are the difference between the forward rate and the spot rate of a currency pair. Swap points are the charges incurred when a forex trader extends the position of a currency pair at the end of the trading day.
How to calculate the rate to sell USD against SEK? The rate for USD against SEK for value today can be calculated as Bid Price = Spot rate + Swap points (1.5/0.5)The bid price is the rate at which a forex market maker is willing to buy the base currency, which in this case is the US dollar, against the quote currency, which is the Swedish krona. The asking price is the rate at which a forex market maker is willing to sell the base currency against the quote currency. Here, we have swap points for overnight (O/N) and tomorrow next (T/N) and for a week, given as follows: O/N swap points(1.5/0.5)T/N swap points 2.0/1.51-week swap points 10.5/8.5To determine the bid price, the swap points for value today should be added to the spot rate. Thus, the bid price would be:
6.2928 + 0.0008 (i.e., 1/2 * (1.5/10000 + 0.5/10000))
= 6.2936. Therefore, the rate at which the USD is sold against SEK to the client is 6.2936.Option C: 6.29255 is not the correct answer since it has not added swap points for the same day and has given only the spot rate.
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Suppose that you have just borrowed $150,000 in the form of a 15-year mortgage. The loan has an annual interest rate of 8% with monthly payments and monthly compounding.
What will your monthly payment be for this loan?
What will the balance on this loan be at the end of the 7th year?
How much of the 37th payment will consist of interest?
How much principal will you pay in the 5th year of this loan?
How much interest will you pay in the first 6 years of the loan?
For the loan of [tex]$150,000[/tex] in the form of a 15-year mortgage at 8% annual interest rate with monthly payments and monthly compounding, the monthly payment can be calculated as follows:
Monthly interest rate = Annual interest rate / 12
= 8% / 12 = 0.006666667
Present value of mortgage = [tex]$150,000[/tex]Number of monthly payments
= 15 x 12
= 180Using the above figures, the monthly payment can be calculated using the formula for monthly payment on a mortgage, which is:
M = [tex]P [ i(1 + i)n ] / [ (1 + i)n – 1[/tex]]Where M
= monthly payment, P
= present value of mortgage, i
= monthly interest rate and
n = number of monthly payments
M = 150000 [0.006666667(1 + 0.006666667)180] / [(1 + 0.006666667)180 – 1]
≈ [tex]$1,476.63[/tex]
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Brian and Jean-Mikael are thinking about opening a hot dog stand on Saturdays, but before proceeding they decide to do some Cost-Volume-Profit analysis. They assume they can sell hot dogs for $5.00 each. The food cost per hot dog to is $2.00. They can set-up a stand and borrow the equipment to make the hot dogs for free, but feel they need to spend $60 per week to advertise. Given these assumptions, how many hot dogs do they need to sell to: 13) Break-even? 14) Make a weekly profit of $90 ?
Cost-Volume-Profit (CVP) analysis is an approach used by management to determine the relationship between cost, volume, and profit.
The break-even point is where the total revenue from sales equals the total costs of production and marketing. It represents the level of production or sales required to recover the total cost incurred during the production of goods or services.
In this question,
we have been asked to calculate the break-even point and the number of hot dogs required to make a weekly profit of $90.
Assuming that hot dogs are sold at $5.00 each and the food cost per hot dog is $2.00.
Hence, the contribution margin per hot dog would be $3.00 ($5 - $2).
Break-even point formula is as follows:
Break-even point = Total fixed costs / Contribution margin Let the number of hot dogs that must be sold to break even be x.
Then, $60 (advertising cost) represents the total fixed costs.
Thus, the break-even point can be calculated as follows:
$$60 / $3 = 20 hot dogs$$Thus, the break-even point is 20 hot dogs.
To make a weekly profit of $90,
we will have to calculate the number of hot dogs to be sold with the help of the following formula:
Profit = (number of hot dogs sold × contribution margin) − fixed costsLet the number of hot dogs that must be sold to earn a profit of $90 per week be y.
Thus, the calculation can be done as follows:
$90 = (y × $3) − $60$90 + $60 = $3y$150 = $3yy = 50 hot dogs
Therefore, Brian and Jean-Mikael will have to sell 20 hot dogs to break even and 50 hot dogs to make a weekly profit of $90.
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George made a permanent move to the United States on September 1, 2021 after having lived in Canada all of his life. George is 35 years old. Which one of the following best indicates George’s residency status for Canadian income tax purposes for 2021?
a) A full-time resident. b) A part-year resident. c) A non-resident. d) A deemed resident (sojourner).
George made a permanent move to the United States on September 1, 2021, after living in Canada all his life. George is 35 years old.
The best residency status for George for Canadian income tax purposes for 2021 is a "Part-year resident."There are a few questions you must answer to determine residency status, including whether George has cut ties with Canada and has established significant ties to the United States.
George will be considered a Canadian resident for income tax purposes if he satisfies any of the following conditions:Stays in Canada for 183 days or more during the tax year;Has a house in Canada and significant ties to the country, such as a spouse, children, or bank accounts;Has significant ties to Canada and does not have significant ties to a foreign country.
George would be considered a non-resident of Canada for tax purposes if he had ceased all significant ties with Canada and established significant ties with the United States, according to the information provided. A resident of Canada for tax purposes is someone who has significant ties to Canada, while a non-resident of Canada for tax purposes is someone who does not have significant ties to Canada. As a result, a part-year resident would be the most appropriate answer.
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Suppose the discount rate is 8%. You bought a 12% coupon bond with 5 years left until maturity. After holding it for 3 years discount rate changed to 5% and sold the bond right after the discount rate change. What is your HPR?
The answer to the question i.e., the HPR is 6.65%.
Given that the discount rate is 8%
The bond has 5 years left until maturity.
The bond is a 12% coupon bond.
Hence, the annual interest received from the bond will be $1200. {since 12% of $10000 = $1200}.
The amount received on selling the bond after 3 years when the discount rate is 5% can be calculated as follows;
Bond price at Year 3 = 1200/[(1+.08)^3] + 1200/[(1+.08)^4] + 1200/[(1+.08)^5] + 1000/[(1+.08)^5] = $10,680.18
Bond price at Year 3 (when the discount rate is 5%) = 1000/[(1+.05)^2] + 1200/[(1+.05)^3] + 1200/[(1+.05)^4] + 1200/[(1+.05)^5] + 10680.18/[(1+.05)^2] = $12,665.28
Then the HPR can be calculated using the following formula;
HPR = [Annual interest received + (Sale price - Purchase price)] / Purchase price
Since the bond was sold right after the discount rate changed, the purchase price is the bond price at Year 3 which is $10,680.18
HPR = [1200 + (12665.28 - 10680.18)] / 10680.18 = 6.65%
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call center employees for an online store use sophisticated software that analyzes customer complaints and proposes solutions based on how customers with similar problems have perceived solutions in the past. this tool is an example of a(n) system.
Call center employees for an online store use sophisticated software that analyzes customer complaints and proposes solutions based on how customers with similar problems have perceived solutions in the past. This tool is an example of an expert system.
The sophisticated software used by call center employees in the online store, which analyzes customer complaints and proposes solutions based on past customer experiences, is an example of an expert system. Expert systems are AI-based applications that utilize knowledge and expertise from human specialists in a particular domain. They mimic the decision-making process of human experts by applying logical rules and algorithms.
In this case, the software leverages the accumulated knowledge of past customer interactions and solutions to provide efficient and effective recommendations. By leveraging the expertise of the system, call center employees can access valuable insights and deliver more consistent and satisfactory customer service.
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The price elasticity of demand for Strawberries is 0.6. If the price of Strawberries increases by 5%, by what percent will the quantity of Strawberries demanded change? % (Enter the absolute value of the change) Shew hint
The price elasticity of demand for Strawberries is 0.6. If the price of Strawberries increases by 5%, the quantity of Strawberries demanded will decrease by 3% .
Given, Price elasticity of demand (PED) of strawberries = 0.6
Change in price of strawberries = 5%Now,
we can find the change in the quantity demanded using the formula for PED.
PED = % Change in Quantity Demanded / % Change in Price Rearranging this formula, we get:
% Change in Quantity Demanded = PED x % Change in Price Substituting the given values, we get:% Change in Quantity Demanded = 0.6 x 5% = 3%
the quantity of Strawberries demanded will decrease by 3%.
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the theory that audiences seek messages in the media that reinforce their existing attitudes and beliefs, and thus are not influenced by challenging or contradictory information
The theory that audiences seek messages in the media that reinforce their existing attitudes and beliefs, and thus are not influenced by challenging or contradictory information, is known as "selective exposure theory" or "selective exposure hypothesis."
According to this theory, individuals tend to actively select and consume media content that aligns with their preexisting opinions and beliefs. They seek out information that confirms their existing attitudes and avoid or ignore content that contradicts or challenges their viewpoints. This selective exposure to media messages serves to maintain and reinforce their existing beliefs, attitudes, and values.
Selective exposure can occur through various mechanisms, such as choosing specific television channels, websites, newspapers, or social media platforms that cater to one's preferences or ideological leanings. It can also involve engaging in discussions or seeking out interactions with like-minded individuals who reinforce their existing beliefs.
This phenomenon of selective exposure has implications for the formation and reinforcement of individuals' attitudes and the potential for polarization within society. It suggests that individuals may be less receptive to information that challenges their viewpoints, leading to echo chambers or filter bubbles, where people are primarily exposed to content that confirms their existing beliefs.
It is important to note that while selective exposure theory highlights this tendency, individuals can also be influenced by media messages that contradict their beliefs under certain circumstances, such as when the message is presented in a persuasive or relatable manner or when there is a motivation to seek out diverse perspectives.
Understanding selective exposure theory can provide insights into how media consumption and exposure to information can influence individuals' attitudes, beliefs, and their openness to considering different viewpoints. It also underscores the importance of media literacy, critical thinking, and exposure to diverse perspectives for fostering a more informed and balanced society.
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the company will earn $3 per share next year and should be able to pay 25% as dividend. the company is expected to growth at 7% for 5 years, and then frowth at 5% in the long term. cost of equity of 12%. what is the present value of growth opportunity for this company?
a. 5.34
b.-5.34
c.13.41
d.-13.41
The present value of the growth opportunity for this company is $5.34 (option a). the present value of growth opportunity (PVGO) is calculated using the formula: PVGO = (Earnings per share - Dividend per share) / Cost of equity.
Plugging in the values given, PVGO = ($3 - ($3 * 0.25)) / 0.12 = $0.75 / 0.12 = $6.25. However, since the growth rate is 7% for only 5 years, the PVGO needs to be discounted to the present value using a discount rate. Applying a 7% discount rate for 5 years gives a PVGO of $5.34. Therefore, the correct answer is option a.
To calculate the present value of growth opportunity (PVGO) for the company, we need to consider the following information:
1. Earnings per share (EPS) next year: $3
2. Dividend payout ratio: 25%
3. Cost of equity: 12%
4. Expected growth rate for 5 years: 7%
5. Long-term growth rate: 5%
PVGO is calculated as the difference between the earnings per share and the dividend per share, divided by the cost of equity. This represents the value of future growth opportunities that the company can utilize.
Using the given information, we can calculate the dividend per share as $3 * 0.25 = $0.75.
Therefore, PVGO = ($3 - $0.75) / 0.12 = $2.25 / 0.12 = $18.75.
However, since the growth rate is expected to be 7% for only 5 years, we need to discount the PVGO to its present value using a discount rate. In this case, the discount rate is the cost of equity, which is 12%.
Applying a discount rate of 12% for 5 years, we calculate the present value of PVGO as $18.75 / (1 + 0.12)^5 = $5.34.
Therefore, the correct answer is option a. The present value of growth opportunity for this company is $5.34.
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Which of the following is the best statement about the environment in which operations management functions?a. most organizations do not need to worry about competitionb. world-wide competition is not significant for most companiesc. government regulation is not important for companiesd. customers are more demandinge. none of the above is true
None of the above statements (a-e) can be considered true in the context of the environment in which operations management functions. Hence option E is correct.
In today's globalized and interconnected business landscape, organizations across various industries face intense competition from both domestic and international players. The rise of technology and digitalization has facilitated global trade, making world-wide competition highly significant for most companies, regardless of their size or industry.
Moreover, government regulation plays a crucial role in shaping the operating environment for businesses. Regulations vary across jurisdictions and can impact areas such as labor practices, environmental sustainability, safety standards, and product quality. Companies must comply with these regulations to avoid legal consequences and maintain ethical and sustainable practices.
Furthermore, customers in today's market have become increasingly demanding. With greater access to information, they have higher expectations for product quality, customization, responsiveness, and overall customer experience. Meeting customer demands and providing exceptional service has become a critical aspect of operations management.
Therefore, it is evident that none of the statements a-e accurately reflect the reality of the environment in which operations management functions. Businesses must consider competition, global dynamics, government regulations, and evolving customer expectations to effectively manage their operations and achieve success in the modern business landscape.
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An issue when supply and demand are out of sync. A known situation like this is called the Bullwhip effect. Think about this effect: do you know of some situations where you saw this happening? What would cause it?
The Bullwhip Effect occurs when supply and demand are out of sync.
Some situations where this effect can be seen are listed below:
1. Seasonal demand for products: The demand for some goods fluctuates based on the time of year. For example, the demand for winter clothing will be greater during the colder months, and the demand for school supplies will be greater during the back-to-school season.
2. Overordering: Overordering happens when an organization orders more goods than it can sell.
3. Lack of communication between departments: When departments are unable to communicate efficiently, supply chain visibility is reduced, and forecasting errors occur.
4. Inaccurate forecasting: Poor forecasting contributes to the bullwhip effect by causing fluctuations in supply.
5. Delayed decision making: If businesses do not act swiftly enough to changes in demand or supply, the bullwhip effect may occur.
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Insurance agent, Pablo is completing a segregated fund contract application for his client Dale. Dale is planning to deposit $125,000 into the contract. Pablo discovers that Dale's wife is a minister in government of a foreign country. Dale is naming himself as the annuitant and his grandson as the beneficiary on the contract. How quickly must Pablo report this transaction to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)? Select one: a. Fifteen days b. Twenty-four hours c. Sixty days d. Thirty days
Pablo must report the transaction to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) within 24 hours. The answer is option b.
What is a Segregated Fund?Segregated Funds are a sort of investment fund that operates similarly to mutual funds. However, they are not the same. Segregated funds, which are frequently referred to as "seg funds," are life insurance policies that are used as investment vehicles. Segregated funds are also known as Guaranteed Investment Funds (GIFs) and are distinct from mutual funds in a variety of ways. A few of the differences include guarantees, death benefits, and the fact that they are issued by insurance providers.Insurance agents are accountable for providing expert insurance recommendations to their clients. This may include assisting them in choosing the best insurance plans to fit their needs and budget, as well as aiding them in filing claims when necessary.They must be up to date on all new insurance legislation and be able to communicate effectively with their clients to ensure that they are meeting their requirements and that all of their concerns are being addressed.
Hence, option b. is correct.
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Telstra, a telecom company, pays a fee to a bank for its consulting service during an issue of bonds. Telstra has a deposit account at that bank. The central bank deposit at the bank receiving the fee and the bank deposits in the banking system A. decrease; do not change B. increase; decrease C. do not change; do not change D. decrease; decrease E. do not change; decrease
The bank deposits in the banking system decrease. The consulting fee is the income of the bank, and it decreases the central bank deposit of the bank that receives the consulting fee. Hence, the correct option is (D) decrease; decrease.
According to the given scenario, the telecom company, Telstra, pays a fee to the bank for consulting services during an issue of bonds, and Telstra also has a deposit account at that bank. We need to determine the impact of this transaction on the central bank deposit at the bank receiving the fee and the bank deposits in the banking system.
When Telstra pays a fee to the bank for its consulting service, it decreases Telstra's deposit account at that bank. Hence, the bank deposits in the banking system decrease. The consulting fee is the income of the bank, and it decreases the central bank deposit of the bank that receives the consulting fee. Hence, the correct option is (D) decrease; decrease.
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Assets on 12/31/21 balance sheet= 3000 million
Sales on 12/31/21 income statemnt = 4000 million
Net income in 12/31/21 income statement= 50 million
$Dividends in 2021= 15 million
Account payable= 20 M on 12/31/21 balance sheet
Accruals= 10 million on 12/31/21 balance sheet
what is the self-supporting growth rate in 2022?
Self-supporting growth rate is also known as sustainable growth rate (SGR).
It represents the maximum growth rate that a company can accomplish without raising additional external equity or debt.
To calculate the self-supporting growth rate in 2022,
the following information will be used:
Assets on 12/31/21 balance sheet = $3000 million
Sales on 12/31/21 income statement = $4000 million
Net income in 12/31/21 income statement = $50 million
Dividends in 2021 = $15 million
Account payable = $20 million on 12/31/21 balance sheet
Accruals = $10 million on 12/31/21 balance sheet
The formula for the self-supporting growth rate is:
Sustainable Growth Rate (SGR) = (Net Income / Equity) * (1 – Dividend Payout Ratio)
The dividend payout ratio can be calculated by dividing dividends by net income.
DPR = Dividends / Net Income
DPR = 15/50DPR = 0.3
Substitute the values in the SGR formula.
SGR = (50/2980) * (1 - 0.3)
SGR = (0.01678) * (0.7)
SGR = 0.011746 or 1.17%
The self-supporting growth rate in 2022 is 1.17%.
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Distinguish between the following three (3) corporate governance issues:
1. Leadership (8)
2. Sustainability (8)
3. Corporate citizenship (8)
1.2 Analyse risk evaluation as a process within risk management. (12)
Corporate governance is a system of rules, practices, and processes by which a company is directed and controlled. This system helps to balance the interests of different stakeholders in a company. The board of directors is responsible for corporate governance, and it is tasked.
Leadership : Leadership refers to the people who are responsible for making decisions within a company. It is the process of influencing others to achieve a common goal. Leadership plays a vital role in corporate governance, as it sets the tone for the company's culture and values. It is the responsibility of the board of directors to ensure that the company has strong leadership that is capable of guiding the company towards success.
Sustainability : Sustainability is the concept of meeting the needs of the present without compromising the ability of future generations to meet their needs. This involves managing the company's resources in a way that is environmentally, socially, and economically sustainable. Companies that are committed to sustainability are more likely to be successful in the long term.
Corporate Citizenship : Corporate Citizenship refers to the social responsibility of a company. This involves acting in the best interests of society as a whole, and not just in the interests of shareholders. Corporate citizenship can take many forms, such as charitable giving, community involvement, and environmental stewardship. Companies that are good corporate citizens are more likely to be trusted by their customers and other stakeholders
Overall, risk evaluation is a critical process within risk management, as it helps a company to identify and prioritize the risks that it may face. This, in turn, enables the company to allocate its resources effectively and manage its risks more efficiently.
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As derivative securities, options are innovations in risk management and are used by both individual investors and portfolio managers. Which of the following is not true regarding options?
Group of answer choices
The call writer expects the stock to move up.
Stock options give the holder the right to buy or sell shares of stock at a stated price any time before a specified expiration date.
A writer may be assigned to take action in the form of making or taking delivery of the stock.
A writer of a put or call can buy the exact same option and cancel the position at any time, except in the case of assignment.
One of the statements that is not true regarding options is that a writer of a put or call can buy the exact same option and cancel the position at any time, except in the case of assignment.
Options are financial instruments that serve as derivative securities and are commonly used for risk management purposes by individual investors and portfolio managers. They provide the holder with the right to buy (call option) or sell (put option) shares of stock at a predetermined price, known as the strike price, before a specified expiration date.
If an option holder chooses to exercise their right, the writer of the option may be assigned to fulfill their obligation, which may involve either delivering or receiving the stock, depending on the type of option. However, it is important to note that the statement claiming a writer of a put or call option can buy the exact same option and cancel their position at any time, except in the case of assignment,
is incorrect. Once a writer has sold an option, they cannot unilaterally cancel their position. However, they do have the option to buy the exact same option in the market, effectively closing out their position. Assignment, however, is an exception where the writer may be obligated to fulfill their contractual obligations.
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sales$900,000 write-off of accounts1,000 cash collections on account receivable850,000 bad debt expense recorded2,800
The cash receipts from customers reported in the operating activities section is $847,200.
What are the cash receipts from customers reported in the operating activities section?Data:
Beginning balance of accounts receivable: $200,000Cash collections on account receivable: $850,000Ending balance of accounts receivable:
= Beginning balance + Sales - Write-off of accounts - Cash collections on account receivable
= $200,000 + $900,000 - $1,000 - $850,000
= $249,000
Ending balance of the allowance for doubtful accounts:
= Beginning balance + Bad debt expense recorded
= $5,000 + $2,800
= $7,800
Cash receipts from customers reported in the operating activities section (direct method):
= Cash collections on account receivable - Decrease in allowance for doubtful accounts
= $850,000 - ($7,800 - $5,000)
= $847,200.
Full question:
Marshall Inc. had beginning balances (January 1) of $200,000 and $5,000 for accounts receivable and the allowance for doubtful accounts, respectively. During the year, the company had the following transactions.
Sales $900,000
Write-off of accounts 1,000
Cash collections on account receivable 850,000
Bad debt expense recorded 2,800
Determine the cash receipts from customers reported in the operating activities section in the statement of cash flows assuming the direct method.
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The purpose of a post-closing trial balance is: Select one: To prepare financial statements at the end of an accounting period To list all permanent accounts and their balances after all closing entries are posted To list all temporary accounts and their balances after all closing entries are posted To record all year-end balances of accounts at the end of an accounting period
The purpose of a post-closing trial balance is to list all permanent accounts and their balances after all closing entries are posted.
The post-closing trial balance is prepared at the end of an accounting period, following the closing entries. It includes all balance sheet accounts, such as assets, liabilities, and equity accounts, which are considered permanent because their balances carry forward to the next accounting period. Temporary accounts, such as revenue and expense accounts, are closed out and their balances are transferred to the retained earnings or owner's equity account. Therefore, the post-closing trial balance only includes permanent accounts to ensure that the accounting records are in balance and ready for the next period.
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During the COVID-19 pandemic, the Australian government said China was responsible for the outbreak of the disease. The Chinese government was offended, and decide to reduce the quantity of coal China imported from Australia. This resulted in shortage of coal, needed to run energy power plants. To shield the public from the impact of the Coal Shortage (which includes high and rising energy prices), the government mandated price controls. In particular, the government froze retail prices of energy, including petrol and diesel. a. What type of price control has China imposed, according to the information above? [2 marks] Explain the impact of China's price controls policy on the markets for coal, petrol, and diesel. Does the impact of the price control policy depend on the elasticity of demand and supply? Illustrate your answer with the demand and supply diagram. [5 marks] b. Explain how China's price controls have changed consumer surplus, producer surplus, total surplus, and the deadweight loss in the markets for coal, petrol, and diesel. [8 marks] c. Is the outcome of China's price control policy fair and efficient? Critically discuss. [5 marks
Inelastic supply and elastic demand will lead to a reduction in the price of products. Deadweight loss increases as price control is imposed. Price control creates a deadweight loss, resulting in an inefficient allocation of resources.
a) The type of price control that China imposed is a retail price freeze on energy, including petrol and diesel. The impact of China's price control policy on the markets for coal, petrol, and diesel: It will lead to a shortage of coal, petrol, and diesel in the market and it will be hard for producers to maintain their supply level due to the imposed price control. The price control policy depends on the elasticity of demand and supply. Inelastic demand and elastic supply will lead to a shortage of products in the market. Whereas, inelastic supply and elastic demand will lead to a reduction in the price of products. A graph of demand and supply is shown below:
b) Producer Surplus: As a result of price control, the producer's surplus has decreased in all three markets (Coal, Petrol, and Diesel).Consumer Surplus: The impact of price control on consumer surplus can be both positive and negative. For consumers who were already buying at the maximum retail price, there will be no effect on them. For the consumers who were buying at a price higher than the retail price, there will be a positive effect as they are now getting at a lower price. Total Surplus: Total Surplus is the sum of Producer surplus and Consumer surplus. Due to price control, the Producer surplus has decreased in all three markets, but the impact on the Consumer surplus depends on the elasticities of demand and supply. Deadweight Loss: Deadweight loss increases as price control is imposed.
c)The outcome of China's price control policy is neither fair nor efficient. The retail price freeze will lead to a shortage of products in the market, and the consumers who are willing to pay more are restricted from buying it. The lower price will create excess demand, leading to a black market where the price will be higher than the market price. Therefore, price control creates a deadweight loss, resulting in an inefficient allocation of resources.
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An economic consultant recently provided the forms marketing manager with estimate of the demand function for the firms product:
Qd = 12000 -3P -M
Where Qd represents the quality demanded of good X, P is the price of the good X and M is the income. Suppose good X sells for $200 per unit and consumer income is $10,000. Which of the following statements is INCORRECT about this situation (choose the best)?
a) good X is an interim good
b) the quality demanded is 1400 units
c) good X is a normal good
d) the quality demanded is 21400 units
e) both a and b
f) both c and d
The quality demanded is 1400 units, not 21400. Hence, the correct answer is option (d) The quality demanded is 21400 units.
The given equation for the demand function of the firm's product is:
Qd = 12000 - 3P - M.
Putting the given values, we get:
Qd = 12000 - 3(200) - 10000
=> Qd = 12000 - 600 - 10000
=> Qd = 1400
Hence, the quality demanded of good X is 1400 units. Now, let us check the options to see which one is incorrect.
a) Good X is an interim good: There is no information provided to determine whether good X is an interim good or not, so we cannot say if this statement is correct or incorrect. Therefore, this option cannot be the answer.
b) The quality demanded is 1400 units: This is true, as we calculated the same thing above. Therefore, this statement is not incorrect.
c) Good X is a normal good: Since the income and the quantity demanded are positively related, we can say that good X is a normal good. Hence, this statement is correct and thus cannot be the answer.
d) The quality demanded is 21400 units: This is incorrect, as we already calculated the quality demanded to be 1400 units. Therefore, this statement is incorrect and is the answer.
e) Both a and b: We have not determined whether a is correct or incorrect, and b is correct. Therefore, this option cannot be the answer.
f) Both c and d: This is incorrect, as we determined that good X is a normal good, so statement c is correct. However, statement d is incorrect, as the quality demanded is 1400 units, not 21400. Therefore, this option cannot be the answer.
Hence, the correct answer is option (d) The quality demanded is 21400 units.
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showery drugs is a pharmaceutical company based in detroit. showery drugs expects its employees to work long hours and achieve increased production rates. employees earn one and a half times the usual hourly rate for working more than 40 hours in one week. which law is showery drugs abiding by in this scenario?
Showery Drugs is abiding by the Fair Labor Standards Act (FLSA) in this scenario.The Fair Labor Standards Act (FLSA) is a federal law in the United States that establishes minimum wage, overtime pay, and child labor standards for employees.
It sets the standard for maximum working hours and overtime pay rates. According to the scenario, Showery Drugs expects its employees to work long hours and achieve increased production rates. This implies that some employees may work more than 40 hours in one week. The FLSA requires employers to pay their employees at a rate of one and a half times their usual hourly rate for working more than 40 hours in a workweek. This is known as overtime pay. By providing overtime pay to employees who work more than 40 hours in one week, Showery Drugs is abiding by the Fair Labor Standards Act. Showery Drugs is abiding by the Fair Labor Standards Act (FLSA) in this scenario. The FLSA is a federal law that establishes minimum wage, overtime pay, and child labor standards for employees in the United States.
In the scenario given, Showery Drugs expects its employees to work long hours and achieve increased production rates. This implies that some employees may work more than 40 hours in one week. By offering employees one and a half times the usual hourly rate for working more than 40 hours, Showery Drugs is complying with the FLSA's requirement for overtime pay. The purpose of the FLSA is to ensure that employees are fairly compensated for the extra time and effort they put into their work when working beyond the standard 40-hour workweek. Overtime pay serves as an incentive for employers to limit excessive working hours and protect employees from being overworked without proper compensation.
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What are the underlying principles of software project management?
ST1: Discuss the two (2) different concepts namely "Software Project Management" and "Project Management" with emphasise on why the two (2) different concepts exist and what does the concept "Management" means in "Software Project Management".
Software project management principles encompass effective communication, resource management, risk management, quality management, and project planning, aiming to ensure successful completion of projects within the defined goals, objectives, and stakeholder satisfaction.
The software project management principles refer to the set of practices that guide the activities and tasks involved in the planning, designing, coding, testing, and maintenance of a software system.
There are several underlying principles of software project management which include:
1. Effective Communication: This principle helps ensure that everyone involved in a software project is kept informed of its progress. This includes developers, managers, and customers or end-users. Effective communication helps to prevent misunderstandings and to ensure that everyone is on the same page when it comes to project goals and objectives.
2. Resource Management: Software projects require various resources such as hardware, software, and personnel. Managing these resources is a critical aspect of project management. Effective resource management ensures that all necessary resources are available when needed, and that they are used efficiently and effectively.
3. Risk Management: The software project management involves identifying, assessing, and mitigating risks. Risks can include everything from technical issues to budget overruns, to changes in scope or requirements. Risk management is essential to minimize the impact of any unforeseen issues that may arise during the project.
4. Quality Management: This principle focuses on ensuring that software products meet or exceed the quality standards established for the project. Quality management involves defining quality criteria, testing software products, and monitoring the quality of the product over time. This helps to ensure that the final product meets the needs of the end-user and performs as expected.
5. Project Planning: Planning is the foundation of successful software project management. Planning includes establishing project goals and objectives, identifying project requirements, creating a project plan, and developing a project schedule. It is essential to plan the project to ensure its success.
The principles of software project management help to ensure that software projects are completed on time, within budget, and to the satisfaction of stakeholders.
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Match the following business scenarios to the moral philosophies.
Group of answer choices
Ross, a telemarketer, has a quota of 100 successful sales per week. In order to achieve his goal, he targets elderly consumers who may be vulnerable because of loneliness or fear of losing their financial independence.
Egoism Idealism Utilitarianism Relativist Deontology
Company ABC engineers noticed during testing that there were some control switch problems in some of its robotics equipment used in airplanes for takeoff purpose. As such, the CEO of ABC recalled, at extreme costs, all equipment within days after the discovery of the faulty control switches causing minimal damages.
Egoism Idealism Utilitarianism Relativist Deontology
James is a new business development manager in PAZ Inc., a software company. As he is getting grounded on the company and developing business strategies and plans, he is anticipating conflicts that may arise between different philosophies held by members of the organization particularly within information technology, finance and marketing. As such, he attempts to determine the organization’s consensus as they move forward with the business strategy.
Egoism Idealism Utilitarianism Relativist Deontology
Chick-fil-A’s owner, Mr. Truett Cathy, who died in 2014 at the age of 93, was a devout Southern Baptist, and those beliefs have shaped the businesses he ran since day one. At some time or other, every restaurant chain has probably made public statements about their concern for their employees' well-being, but when it comes to Chick-fil-A, Truett Cathy put his money, and the company's profits, where his mouth was. Since the start, all his restaurants have always been closed for business on Sundays based on his universal principle and guiding behavior that is based on his religion and his general concern for his employees’.
In the scenario where Ross, a telemarketer, has a quota of 100 successful sales per week, his actions to achieve his goal by targeting elderly consumers who may be vulnerable because of loneliness or fear of losing their financial independence is not ethical.
This is an example of egoism. Ideally, an organization should be concerned about the general welfare of its stakeholders. In the case of Company ABC, the CEO of ABC recalling at extreme costs all equipment within days after the discovery of the faulty control switches, causing minimal damages can be regarded as the right thing to do. This is an example of idealism. James, a new business development manager in PAZ Inc., anticipates conflicts that may arise between different philosophies held by members of the organization particularly within information technology, finance, and marketing. His efforts to determine the organization’s consensus as they move forward with the business strategy is an example of relativism.
In Chick-fil-A’s owner, Mr. Truett Cathy's scenario, the principle of the business being closed on Sundays is based on his universal principle and guiding behavior that is based on his religion and his general concern for his employees. This is an example of deontology.In summary:Ross’ situation is an example of egoism. Company ABC's CEO's actions are an example of idealism. James’ situation is an example of relativism.
Chick-fil-A owner's scenario is an example of deontology
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QUESTION 14
A bond portfolio that is structured to invest in short-term, mid-term and long-term bonds is a(n): barbell strategy
o laddered strategy
o interest rate strategy
o matching strategy
QUESTION 15
The duration of a 30 year bond is likely to be close to 30 years (meaning the duration and maturity are approximately the same), for a coupon paying bond. (thnk about the time value of money).
o True
o False
A bond portfolio that is structured to invest in short-term, mid-term, and long-term bonds is a laddered strategy.Laddered strategy is a way of constructing an investment portfolio that includes bonds or other debt securities.
This strategy is often used by investors who want to balance the risks and returns of bonds with varying maturities. Laddering enables the investors to achieve consistent cash flow by having their bonds mature at regular intervals.This provides investors with a steady stream of income and offers flexibility and liquidity.
Answer 15: False The duration of a 30-year bond may not be close to 30 years, even though the bond has a 30-year maturity and pays a fixed coupon. This is due to the time value of money, which causes future cash flows to have different values at different points in time.
Duration is a measure of the bond's sensitivity to changes in interest rates and is expressed in years. It measures the average time that it will take for the bond's cash flows to be received, weighted by their present values. Since bonds have a fixed coupon, their prices are inversely related to interest rates. The longer the bond's duration, the more sensitive it will be to changes in interest rates. Therefore, the duration of a 30-year bond is likely to be less than 30 years if interest rates are expected to change over the life of the bond.
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a quota is group of answer choices a tariff imposed on goods that are dumped in the country. a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. a law that prevents ecologically damaging goods to be imported into a country. a government-imposed restriction on the quantity of imports.
A quota is a government-imposed restriction on the quantity of imports.
What is a quota?A quota refers to an import restriction by the government of a place that specifies that only a certain quantity of goods would be allowed into the country. A quota ensures that excessive amounts of goods are not allowed into the country to cause some sort of oversaturation in the market.
So, the best definition of a quota is that is a government-imposed restriction on the quantity of goods allowed into the territories of the country.
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After explaining the concept of Balance of Payments and its components briefly, draw the graph of major components (balances)of Canada and Turkey respectively since 2000 (be careful with the signs and remember that they sum to zero due to the Balance or Payment identity).
Describe them briefly, emphasising their levels, sign, evolutions, volatility, and possible reversals. (What happened to the Net Investment Position of these two countries over the past 5 years? How is this linked to the current account in these particular countries?)
Please remember give me reference because I want to check it
Balance of Payments (BOP) is a statement that summarizes an economy's transactions with the rest of the world for a particular period.
The BOP is divided into three sub-accounts: current account, capital account, and financial account. The current account represents a country's net trade in goods and services, while the capital account represents the transfer of capital between countries.
The financial account represents a country's net acquisition of assets from the rest of the world and is equal to the change in the country's net foreign assets. The capital account and financial account balance out the current account since the three must sum to zero.
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Which of the following is true regarding the relationship between total variable cost (TVC) and marginal cost (MC)? A. The marginal cost curve is equal to the slope of the total variable cost curve. B. Since the total variable cost curve is always upward sloping, the marginal cost curve must always be upward sloping. C. Marginal cost is given by the equation: MC=△TVC×△q. D. The total variable cost and marginal cost curves are unrelated
Marginal cost (MC) and total variable cost (TVC) are directly related. Option A: The marginal cost curve is equal to the slope of the total variable cost curve is true regarding the relationship between total variable cost (TVC) and marginal cost (MC).
More than 100 words explanation: The marginal cost of a product is the cost of producing one more unit of the product. The cost of producing an additional unit is compared to the cost of producing the prior unit to calculate the marginal cost. The total cost of producing a specific amount of a product is known as the total variable cost. As the number of units produced rises, the total variable cost curve increases.
The MC curve is similar to the TVC curve in this regard. Both MC and TVC are determined by the firm's output levels. Marginal cost and variable cost both rise as output increases, according to the laws of supply and demand. The total cost curve is derived by adding fixed and variable costs.
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Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year:Total assets$530,000Total noncurrent assets362,000Liabilities:Notes payable (8%, due in 5 years)15,000Accounts payable56,000Income taxes payable14,000Liability for withholding taxes3,000Rent revenue collected in advance7,000Bonds payable (due in 15 years)90,000Wages payable7,000Property taxes payable3,000Note payable (10%, due in 6 months)12,000Interest payable400Common stock100,0001-a. What is the amount of current liabilities?1-b. Compute working capital.2. Would your computation be different if the company reported $250,000 worth of contingent liabilities in the notes to its financial statements?
The amount of current liabilities is $117,400.
1-a. To calculate the amount of current liabilities, we need to identify the liabilities that are expected to be settled within one year.
From the given information, the following liabilities are expected to be settled within one year:
- Notes payable (due in 5 years): $15,000
- Accounts payable: $56,000
- Income taxes payable: $14,000
- Liability for withholding taxes: $3,000
- Rent revenue collected in advance: $7,000
- Wages payable: $7,000
- Property taxes payable: $3,000
- Note payable (due in 6 months): $12,000
- Interest payable: $400
To calculate the current liabilities, we sum up these amounts:
$15,000 + $56,000 + $14,000 + $3,000 + $7,000 + $7,000 + $3,000 + $12,000 + $400 = $117,400
1-b. Working capital is calculated by subtracting current liabilities from current assets. Since the question doesn't provide the current assets, we cannot calculate the working capital.
2. The computation of working capital would not be affected by the contingent liabilities reported in the notes to the financial statements. Contingent liabilities are potential liabilities that may or may not occur in the future, so they are not included in the calculation of working capital. Working capital focuses on the current assets and liabilities that are expected to be settled within one year.
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Assessment Value: 40%
Task Requirements:
Develop 3 components of your ‘Career Portfolio’ or ‘Job Search Toolkit’ required to apply for employment, including a resume, cover letter and LinkedIn profile.
Assessment Criteria:
1. Construct an effective Resume that identifies one’s career objective and promotes one’s skills/experience.
2. Draft a Cover Letter for a specific job application (attach the job advert) that evidences the key selection criteria in the job advert.
3. Create a LinkedIn profile to promote skills/experience, personal brand, and networking skills.
In today's job market, job seekers must have a job search toolkit or career portfolio that includes a resume, cover letter, and LinkedIn profile.
The following are the three components required to create a job search toolkit:
Resume
A well-written resume will help job seekers stand out from the competition and provide potential employers with a brief overview of their experience, education, and skills.
Cover Letter
A cover letter is a document that accompanies a resume and is used to introduce oneself to a potential employer. It should be tailored to the job seeker's skills and experience, as well as the job's requirements.
LinkedIn Profile
A LinkedIn profile can be used to promote one's skills and experience to potential employers.
In conclusion, creating an effective job search toolkit requires the development of three components: a resume, cover letter, and LinkedIn profile.
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I. Dangling, Misplaced, and Squinting Modifiers:
The following sentences contain dangling, misplaced and squinting modifiers. First, underline the problem in the sentence and, in the space below it, identify the mistake (you may use the abbreviation DM for Dangling Modifier, MM for Misplaced Modifier, and SM for Squinting Modifier). Next, correct the sentence.
5. Monica put the hat on her head that she had bought yesterday.
6. Covered in whipped cream, her mouth watered at the sight of the delicious-looking ice cream sundae. .
7. After reading the popular new book in just one day, the upcoming movie based on it is sure to be exciting.
8. People who laugh rarely die young.
5. Monica put the hat on her head that she had bought yesterday. Misplaced Modifiers
6. Covered in whipped cream, her mouth watered at the sight of the delicious-looking ice cream sundae. Dangling modifier
7. After reading the popular new book in just one day, the upcoming movie based on it is sure to be exciting. Dangling modifier
8. People who laugh rarely die young. Misplaced Modifiers.
What are ModifiersModifiers are words or phrases that provide additional information about another word or group of words in a sentence. They help to clarify, describe, or limit the meaning of the word or phrase they modify. Modifiers can be adjectives, adverbs, phrases, or clauses.
Modifiers are important for adding detail, precision, and clarity to sentences, and they help to convey the intended meaning effectively.
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