Answer:
a. $1.2800
Explanation:
The AUD/SF cross exchange rate is as computed below:
==> AUD/$ ÷ SF/$
==> $1.60 / $1.25
==> $1.2800
So, the AUD/SF cross exchange rate is $1.2800
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $20, $28, and $65. The number of outstanding shares for each is 660,000 shares, 560,000 shares, and 260,000 shares, respectively. If the stock prices changed to $24, $26, and $67 today respectively, what is the 1-day rate of return on the index? multiple choice 7.08% 3.32% 4.46% 5.26%
Answer:
4.46%
Explanation:
The computation of the one day rate of return on the index is as follows;
Return = (Index Value Today - Index Value Yesterday) ÷ Index Value Yesterday
where,
Index Value Yesterday is
= ($20 × 660,000 + $28 × 560,000 + $65 × 260,000)
= $13,200,000 + $15,680,000 + $16,900,000
= $45,780,000
And,
Index Value Today is
= ($24 × 660,000 + $26 × 560,000 + $67 × 260,000)
= $15,840,000 + $14,560,000 + $17,420,000
= $47,820,000
Now the return is
= ($47,820,000 - $45,780,000) ÷ ($45,780,000)
= 4.46%
Consider a $1200 investment for a new plant that is expected to have a Residual Value of $200 in five years. What is the Salvage Value at the end of year 5 if the following depreciation plan will be used
Answer:
$173
Explanation:
The computation of the salvage value at the end of year 5 is given below:
Cost of the asset $1,200
Multiply with the depreciation rate 5.76%
Book value at the 5 year end = $69
Resale value $200
gain on sales $131
Multiply with the Capital gain 21%
tax on gain $27
After tax gain on salvage value $173 ($200 - $27)
12. When computer professionals take on jobs, they may not enter into relationships with which of the
following?
a) emplover
b) government
c) client
d) society
13. Which of the following does not come under the category of strongly differentiated profession?
a) doctor
b) engineer
c) policeman d) computing professional
14. Which of the following is not a characteristics of profession?
a) knowledge b) code of ethics
c) autonomy
d) happiness
15. Which of the following is a mutual right duty of employer and employee?
a) Fair wage paid promptly
b) Work well done
c) Respect for company reputation d) Honesty of contrast.
Please need help
Answer:
12. When computer professionals take on jobs, they may not enter into relationships with the:
d) society
13. This does not come under the category of strongly differentiated profession:
c) policeman
14. This is not a characteristics of a profession:
d) happiness
15. This is a mutual right duty of employer and employee:
b) Work well done
Explanation:
There is no obvious relationship between a computer professional and the society. While the computing profession is differentiated like a doctor's and an engineer's, the profession of a policeman is not so differentiated. Any of these professionals can also work as policeman. Every profession is known for its specific knowledge, code of ethics, and autonomy, among other characteristics.
Consider the following 4 bonds A B C D:(a) What is the percentage change in the price of each bond if its yields to maturity falls from 6% to 5%
Answer:
Answer is explained and solved in the explanation section below.
Explanation:
Note: This question is not complete and lacks necessary data to solve. But I have found a similar question on internet and will be using its's data to solve this question for the sake of concept and understanding.
Data Missing:
Bonds Coupon Rates Maturity
A 0% 15 years
B 0% 10 years
C 4% 15 years
D 8% 10 years
Par Value = $1000
Required = % age change in price of bonds, if yields to maturity falls from 6% to 5%.
New YTM = 5%
Old YTM = 6%
For Bond A:
Formula for Old Price = PV(6%, maturity, -annual coupon, -1000)
You need to put this function into Microsoft Excel to solve for old price.
Annual coupon formula = $1000 x coupon rate.
So,
We have,
Maturity = 15 years
Annual Coupon = $1000 x 0% = 0
Old price = PV(6%, maturity, -annual coupon, -1000)
Old price = PV(6%, 15, 0, -1000)
Old Price = $417.27
Now, for new price:
Formula for New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 15, 0, -1000)
New Price = $481.02
Now, we need to find the %age change of bond A.
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $481.02 - $417.27) / ($417.27) x 100
%age change = 15.28%
For bond B:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 10 years
Annual Coupon = $1000 x 0% = 0
Old Price = PV(6%, 10, 0, -1000)
Old Price = $558.39
For New Price:
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 10, 0, -1000)
New Price = $613.91
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $613.91 - $558.39) / ($558.39) x 100
%age change = 9.94%
For Bond C:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 15 years
Annual Coupon = $1000 x 4% = 40
Old Price = PV(6%, 15, -40, -1000)
Old Price = $805.76
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 15, -40, -1000)
New Price = $896.20
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $896.20 - $804.76) / ($805.76) x 100
%age change = 11.23%
For Bond D:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 10 years
Annual Coupon = $1000 x 8% = 80
Old Price = PV(6%, 10, -80, -1000)
Old Price = $1,147.20
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 10, -80, -1000)
New Price = $1,231.65
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $1231.65 - $1147.20) / ($1147.20) x 100
%age change = 7.36%
Hence,
% age change of A = 15.28%
% age change of B = 9.94%
% age change of C = 11.23%
% age change of D = 7.36%
Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2 days for lead time, 50 units of inventory on hand, a service probability of 95 percent, and a standard deviation of demand over the review and lead time of 8 units, which of the following is the order quantity?
a. 863
b. 948
c. 1,044
d. 1,178
e. 4,510
Answer:
a. 863
Explanation:
Calculation for the order quantity
Order quantity = 75 x (10 + 2) + (1.64 x 8) - 50
Order quantity = (75 x 12) + (1.64 x 8) - 50
Order quantity= 900 + 13.12 - 50
Order quantity= 863.12
Order quantity = 863
Therefore the Order quantity will be 863
Before you move forward, summarize the changes you will need to make to your new budget.
Describe these changes in at least two sentences
Answer:
The effect of price change in the raw material needs to be adjusted.
The one off event which is penalty due to custom clearance delay needs to incorporated.
Explanation:
The budget is the initial planning of the cash flows of the company. The budget is made on forecasted figures. The one off events which is penalty fee of custom needs to be adjusted. The inflation effect in the prices of raw material is adjusted before the finalized budget is presented to the management.
Answer:
Sample Response: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Explanation:
sample on edg 2021
Compute the dollar amount of working capital that can be reduced at year-end if the ending heel raw material inventory is cut by half.
Answer:
Note: The full question is attached as picture below
a. No of units Cost per unit Total Cost
Beginning Inventory 1,200 $8 $9,600
Add Purchase 35,000 $8 $280,000
Inventory available for 36,200 $8 $289,600
production
Less Inventory transferred to 33,200 $8 $265,600
production (16,600 Pairs*2 Heels)
Ending Inventory 3,000 $8 $24,000
b. Working capital will be reduced by: (3,000*$8)/2 = $12,000
Accounts payable $27,577
Accounts receivable 71,254
Accrued liabilities 6,902
Cash 20,740
Intangible assets 35,144
Inventory 75,509
Long-term investments 113,352
Long-term liabilities 73,417
Marketable securities 30,292
Notes payable (short-term) 26,866
Property, plant, and equipment 605,309
Prepaid expenses 1,787
Required:
Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
Answer:
1.99
Explanation:
Quick ratio is computed as;
= (Cash + Marketable securities + Account receivables) / Current liabilities
Where
Current liabilities = $27,577 Accounts payable + $6,902 Accrued liabilities + $26,866 Notes payable = $61,345
Quick ratio = ($20,740 + $30,292 + $71,254) / $61,345
= $122,286 / $61,345
= 1.99
Which of the following are arguments that are given to support trade barriers?
A. To increase exports.
B. Foreign firms can pay lower wages.
C. To increase employment domestically.
D. To increase employment abroad.
E. To prevent dumping.
Answer:
E To prevent dumping
Explanation:
There are several arguments that are given to support trade barriers; one of which is to prevent dumping. A country would place embargo on imports with respect to some of the goods that are produced in her country. This is to enable and encourage local production of such goods. Where a country permits importation of goods that are produced locally, such action could being down the efforts of local production ; hence local industries might not thrive in terms of production.
Also, placing embargo on the importation of goods that are produced locally in a country would take away the possibility of making the country for dumping ground in terms of goods that are not up to standard, produced in a foreign country and same would have been imported.
What task can the Accounts Receivable (AR) Department engage in to verify that all customers' checks have been appropriately deposited and recorded
Answer:
It is the duty of Account receivable department to verify the receipts against the payment. The receivable department is responsible for the cash collection process of the company.
Explanation:
It is the receivable department whom there is huge responsibility of cash collection with which business operations are run. If there is delay in cash collection then business operation cycle will be disturbed. To maintain the efficient operating cycle of the business, the receivable should make age receivable analysis to identify the receipts due.
