In the 1950s, distributors revived a tactic known as "roadshow presentations" to set the biggest productions apart.
Roadshow presentations were a tactic that distributors utilized in the 1950s to distinguish and promote major film productions. This strategy had been used occasionally for special films since the silent era but experienced a resurgence in popularity during the 1950s.
Roadshow presentations involved a unique and exclusive exhibition format for select films. These films were showcased in prestigious theaters or specially designated venues for a limited period. The screenings were often accompanied by elaborate marketing campaigns and advanced ticket sales.
The purpose of the roadshow presentation was to create a sense of event and exclusivity around the film. These presentations typically included added elements such as intermissions, souvenir programs, and reserved seating. They aimed to attract audiences willing to pay premium prices for a heightened cinematic experience.
By employing roadshow presentations, distributors could generate excitement, increase ticket sales, and differentiate their biggest productions from regular film releases. This tactic allowed them to showcase the films as significant cultural events and capitalize on the public's anticipation and curiosity.
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For firms in a perfectly competitive (or commodity) industry, we know that and price are equal.
In a perfectly competitive industry, the price that firms receive for their products is determined by the market and is equal to the market price. Firms are price takers and have no control over the price.
In a perfectly commodity industry, the price of a good or service is determined by the market forces of supply and demand. The price that firms receive for their products is equal to the market price.
1. Perfectly competitive industries are characterized by a large number of small firms, homogeneous products, ease of entry and exit, perfect information, and no control over market price.
2. In these industries, each firm is a price taker, meaning they have no control over the price of their product. They can only adjust their output level based on market conditions.
3. The market demand and supply curves determine the equilibrium price and quantity. The market demand curve represents the quantity of the product that consumers are willing to buy at different prices, while the market supply curve represents the quantity of the product that firms are willing to sell at different prices.
4. The market price is determined at the intersection of the demand and supply curves. At this price, the quantity demanded equals the quantity supplied.
5. All firms in a perfectly competitive industry face the same market price. This is because there is no differentiation between the products of different firms. Buyers are indifferent between the products of different firms and will choose the lowest-priced option.
6. As a result, each firm in a perfectly competitive industry can sell as much as they want at the market price. If a firm tries to charge a higher price, buyers will switch to other firms' products.
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t/f a patent gives the inventor exclusive right to make, use, or sell the item for usually 40 years.
A patent gives the inventor exclusive right to make, use, or sell the item for usually 40 years is False.
The length of a patent term can vary depending on the country or region, but 20 years is the standard.
A patent grants the inventor exclusive rights to make, use, and sell their invention for a limited period, but the duration of patent protection varies depending on the type of patent and the country in which it is granted.
In most countries, including the United States, the standard term for utility patents, which cover new and useful inventions, is 20 years from the filing date.
However, it is important to note that patent terms can be influenced by various factors, such as the filing date, patent office delays, patent term adjustments, and patent term extensions in specific industries (e.g., pharmaceuticals). The duration of patent protection can also vary for other types of patents, such as design patents or plant patents.
Therefore, the statement that a patent gives the inventor exclusive rights for usually 40 years is false. The standard term for most utility patents is 20 years.
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RTD, Corp. is expected to pay a $4.50 dividend in one year and the dividend is expected to grow at a 5.5% annual rate. RTD has a required rate of return of 12.3%. What price would we expect to pay for RTD stock today?
(Assume all bonds pay semi-annual coupons unless otherwise instructed. Assume all bonds have par values per contract of $1,000.)
The solution to the given question can be explained as follows:Given information:Dividend expected to pay = $4.50Annual growth rate = 5.5%Required rate of return = 12.3%Formula used:
P0 = D1 / (r - g)Here,P0 = Price of the share todayD1 = Dividend to be paid next yearr = Required rate of returng = Growth rate in dividendUsing the above formula, we get:P0 = D1 / (r - g)P0 = $4.50 / (12.3% - 5.5%)P0 = $4.50 / 0.068P0 = $66.18Therefore, the price we would expect to pay for RTD stock today is $66.18.
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the physical layout of a lan is called its topology.
The statement "The physical layout of a lan is called its topology." is true as lan describes the structure of the network.
The topology of a Local Area Network (LAN) refers to the actual configuration or arrangement of the connected objects, nodes, and connections. The structure of the network and how devices are connected are both described by the LAN topology. The bus, ring, star, mesh, and hybrid configurations are typical LAN topologies.
In terms of scalability, fault tolerance, ease of maintenance and performance, each topology has benefits and drawbacks. The LAN topology chosen depends on the particular needs and requirements of the network, including the quantity of devices, desired bandwidth and required levels of redundancy or fault tolerance.
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The complete question is "The physical layout of a lan is called its topology. true or false."
Par Putters Company sells golf balls for $34 per dozen. The store's overhead expenses are 43% of cost and the owners require a profit of 15% of cost. (a) For how much does Par Putters Company buy one dozen golf balls? (b) What is the price needed to cover all of the costs and expenses? (c) What is the highest rate of markdown at which the store will still break even? (d) What is the highest rate of discount that can be advertised without incurring an absolute loss?
(a) Par Putters Company buys one dozen golf balls for approximately $21.52.
(b) The price needed to cover all costs and expenses is approximately $34.01.
(c) The highest rate of markdown at which the store will still break even is approximately y%.
(d) The highest rate of discount that can be advertised without incurring an absolute loss is approximately z%.
(a) To find the cost of one dozen golf balls, we need to calculate the cost price. Let's assume that the cost price per dozen is x dollars.
The overhead expenses are 43% of the cost. This means that the overhead expenses are 0.43x dollars.
The owners require a profit of 15% of the cost. Therefore, the profit is 0.15x dollars.
The total cost price is the sum of the cost price, overhead expenses, and profit:
x + 0.43x + 0.15x = 1.58x dollars.
Since the selling price is $34 per dozen, the cost price per dozen is: 1.58x = $34.
Solving this equation, we find:
x = $34 / 1.58 ≈ $21.52.
So, Par Putters Company buys one dozen golf balls for approximately $21.52.
(b) To calculate the price needed to cover all costs and expenses, we add the overhead expenses and profit to the cost price:
Cost price + Overhead expenses + Profit = Selling price.
Substituting the values, we get:
$21.52 + 0.43($21.52) + 0.15($21.52) = Selling price.
Simplifying this equation, we find:
Selling price ≈ $21.52 + $9.26 + $3.23 ≈ $34.01.
Therefore, the price needed to cover all costs and expenses is approximately $34.01.
(c) The break-even point occurs when the revenue equals the total cost. In this case, the revenue is the selling price of the golf balls. Let's assume the highest rate of markdown as y%.
To find the break-even point, we need to determine the selling price that results in zero profit. Since the overhead expenses are fixed at 43% of the cost, the profit will be 0.15y% of the cost.
Equating the selling price with the cost price plus overhead expenses and zero profit, we get:
Cost price + Overhead expenses + 0.15y% of cost = Selling price.
Substituting the values, we have:
$21.52 + 0.43($21.52) + 0.15y% of $21.52 = Selling price.
Simplifying this equation, we find:
Selling price ≈ $21.52 + $9.26 + 0.0323y.
To break even, the selling price should equal the cost price plus overhead expenses, which is approximately $30.78.
Equating this with the selling price equation, we find:
$30.78 = $21.52 + $9.26 + 0.0323y.
Solving for y, we get:
y ≈ (100 × ($30.78 - $21.52 - $9.26)) / (0.0323 × $21.52).
Therefore, the highest rate of markdown at which the store will still break even is approximately y%.
(d) To determine the highest rate of discount that can be advertised without incurring an absolute loss, we need to consider the total cost price.
The total cost price is the sum of the cost price, overhead expenses, and profit:
Cost price + Overhead expenses + Profit = Total cost price.
Substituting the values, we have:
$21.52 + 0.43($21.52) + 0.15($21.52) = Total cost price.
Simplifying this equation, we find:
Total cost price ≈ $21.52 + $9.26 + $3.23 ≈ $34.01.
The absolute loss occurs when the selling price is lower than the total cost price. Let's assume the highest rate of discount as z%.
To find the highest rate of discount, we need to determine the selling price that results in zero profit. Since the overhead expenses are fixed at 43% of the cost, the profit will be 0.15z% of the cost.
Equating the selling price with the cost price plus overhead expenses and zero profit, we get:
Cost price + Overhead expenses + 0.15z% of cost = Selling price.
Substituting the values, we have:
$21.52 + 0.43($21.52) + 0.15z% of $21.52 = Selling price.
Simplifying this equation, we find:
Selling price ≈ $21.52 + $9.26 + 0.0323z.
To avoid incurring an absolute loss, the selling price should be equal to or greater than the total cost price, which is approximately $34.01.
Equating this with the selling price equation, we find:
$34.01 ≤ $21.52 + $9.26 + 0.0323z.
Solving for z, we get:
z ≤ (100 × ($34.01 - $21.52 - $9.26)) / (0.0323 × $21.52).
Therefore, the highest rate of discount that can be advertised without incurring an absolute loss is approximately z%.
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The beginning balance in retained earnings of ABC. Inc. is $42,000. The current period net income is $5,000 and declared and paid cash dividends is $3,500. The ending balance in retained earnings equals:
The beginning balance in retained earnings of ABC. Inc. is $42,000. The current period net income is $5,000 and declared and paid cash dividends is $3,500. The ending balance in retained earnings for ABC, Inc. is $43,500.
To calculate the ending balance in retained earnings, we start with the beginning balance and adjust it for net income and dividends.
Beginning Retained Earnings = $42,000
Net Income = $5,000
Dividends = $3,500
To calculate the ending balance, we add the net income and subtract the dividends from the beginning balance:
Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
Ending Retained Earnings = $42,000 + $5,000 - $3,500
Ending Retained Earnings = $43,500
Therefore, the ending balance in retained earnings for ABC, Inc. is $43,500.
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the number of planets, besides the earth, that are visible to the unaided eye is three five nine seven next question
The number of planets, besides the Earth, that are visible to the unaided eye is five.
The statement "the number of planets, besides the Earth, that are visible to the unaided eye is five" is accurate. In the context of astronomy and stargazing, the five visible planets are Mercury, Venus, Mars, Jupiter, and Saturn. These planets can be observed without the need for telescopes or other optical aids, making them accessible to the eye.
Each of these five planets is relatively bright and can be seen at certain times and under suitable viewing conditions. However, their visibility can vary depending on their positions in their respective orbits and their proximity to the Sun.
Other planets in our solar system, such as Uranus and Neptune, are technically visible to the unaided eye, but they are much dimmer and require exceptionally dark skies and optimal viewing conditions to be seen without the help of telescopes.
In summary, when considering the planets visible to the unaided eye, the total count is five: Mercury, Venus, Mars, Jupiter, and Saturn.
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The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $8 million but realizes after-tax inflows of $4.5 million per year for 4 years. After 4 years, the machine must be replaced. Machine B costs $17 million and realizes after-tax inflows of $4.5 million per year for 8 years, after which it must be replaced. Assume that machine prices are not expected to rise because inflation will be offset by cheaper components used in the machines. The cost of capital is 13%.
A) The value of the company would decrease by approximately $1.92 million if it accepts the better machine.
B) The equivalent annual annuity for Machine A is approximately $5.12 million, and for Machine B, it is approximately $6.78 million.
A) To determine the value increase if the company accepts the better machine, we need to calculate the net present value (NPV) of each machine and compare them. The NPV represents the present value of the cash inflows minus the initial cost of the investment.
For Machine A:
Cost = $8 million
Annual cash inflow = $4.5 million (after-tax) for 4 years
Discount rate = 13%
Using the formula for NPV:
NPV(A) = (Cash inflow - Cost) / (1 + Discount rate)^n
where n is the number of years.
NPV(A) = (4.5 - 8) / (1 + 0.13)^4
NPV(A) = -3.5 / 1.7247
NPV(A) ≈ -2.03 million
For Machine B:
Cost = $17 million
Annual cash inflow = $4.5 million (after-tax) for 8 years
Discount rate = 13%
NPV(B) = (4.5 - 17) / (1 + 0.13)^8
NPV(B) = -12.5 / 3.1721
NPV(B) ≈ -3.95 million
To determine the value increase, we compare the NPV of the better machine with the other:
Value Increase = NPV(B) - NPV(A)
Value Increase = -3.95 million - (-2.03 million)
Value Increase ≈ -1.92 million
Therefore, the value of the company would decrease by approximately $1.92 million if it accepts the better machine.
B) The equivalent annual annuity (EAA) represents the equal annual cash flow that would have the same NPV as the investment.
For Machine A:
EAA(A) = NPV(A) / ((1 - (1 +[tex]Discount rate)^(^-^n^))[/tex] / Discount rate)
EAA(A) ≈ -2.03 million / ((1 - [tex](1 + 0.13)^(^-^4^))[/tex] / 0.13)
EAA(A) ≈ -2.03 million / 0.3972
EAA(A) ≈ -5.12 million
For Machine B:
EAA(B) = NPV(B) / ((1 - (1 +[tex]Discount rate)^(^-^n^))[/tex] / Discount rate)
EAA(B) ≈ -3.95 million / [tex]((1 - (1 + 0.13)^(^-^8^))[/tex] / 0.13)
EAA(B) ≈ -3.95 million / 0.5829
EAA(B) ≈ -6.78 million
The equivalent annual annuity for Machine A is approximately $5.12 million, and for Machine B, it is approximately $6.78 million.
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The question probable may be:
The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $8 million but realizes after-tax inflows of $4.5 million per year for 4 years. After 4 years, the machine must be replaced. Machine B costs $17 million and realizes after-tax inflows of $4.5 million per year for 8 years, after which it must be replaced. Assume that machine prices are not expected to rise because inflation will be offset by cheaper components used in the machines. The cost of capital is 13%.
A)By how much would the value of the company increase if it accepted the better machine? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.
B)What is the equivalent annual annuity for each machine? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to two decimal places.
Topic: Discuss the Business Level Strategy with example. (If you do provide examples, you will see less marks for the assignment. Make sure that you are showing examples for each of the Business Level
Business-level strategy refers to the set of actions and approaches a company adopts to gain a competitive advantage in a specific market or industry. There are several types of business-level strategies, including cost leadership, differentiation, and focus strategies.
It focuses on how a firm positions itself relative to its competitors and targets a specific customer segment. There are several types of business-level strategies, including cost leadership, differentiation, and focus strategies.
Cost leadership strategy aims to achieve a competitive advantage by becoming the lowest-cost producer in the industry while maintaining acceptable levels of quality. This strategy allows companies to offer products or services at lower prices than their competitors, appealing to price-sensitive customers. Examples include Walmart, which leverages its large scale and efficient supply chain to offer everyday low prices, and Ryanair, a budget airline known for its low-cost fares.
Differentiation strategy focuses on creating unique and distinctive products or services that are perceived as superior by customers. Companies employing this strategy strive to offer unique features, high quality, exceptional customer service, or innovative designs. Apple is a prominent example of a company using differentiation strategy through its innovative and user-friendly products like the iPhone and MacBook, which have established a strong brand image and a loyal customer base.
Focus strategy involves targeting a specific market segment or niche and tailoring products or services to meet the needs and preferences of that particular segment. By focusing on a narrow market, companies can develop deep expertise and better serve the specialized needs of customers. An example is Rolex, a luxury watchmaker that caters to a niche market of affluent consumers seeking high-end and prestigious timepieces.
In summary, business-level strategy encompasses various approaches such as cost leadership, differentiation, and focus. Each strategy aims to create a competitive advantage by positioning a company in a distinct way relative to its competitors, either through cost advantage, product uniqueness, or specialization in a specific market segment. Successful implementation of a business-level strategy requires aligning internal capabilities with external market opportunities to meet customer demands effectively.
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the model of short-run economic fluctuations focuses on
The model of short-run economic fluctuations focuses on understanding the causes and consequences of changes in economic activity that occur over a relatively short period, typically less than a year. It examines how changes in aggregate demand and aggregate supply interact to determine the level of output and prices in the short run, and considers the role of monetary and fiscal policies in influencing economic fluctuations.
These fluctuations are driven by various factors, including changes in consumer spending, business investment, government policies, and external shocks.
One of the key models used in this context is the aggregate demand and aggregate supply model. This model examines how changes in aggregate demand, which is the total spending in the economy, and aggregate supply, which is the total production in the economy, interact to determine the level of output and prices in the short run.
The model also considers the role of monetary and fiscal policies in influencing economic fluctuations. monetary policy refers to the actions taken by the central bank to control the money supply and interest rates, while fiscal policy refers to the use of government spending and taxation to influence the economy.
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A bond, paying semi-annual coupons of 4% per annum, matures in 7 months time. The interest rate (with semi-annual compounding) for 1 month is 2.70%, while for 7 months, it is 3.20%. What is the dirty price of the bond?
$102.12
$100.16
$97.72
$106.08
To calculate the dirty price of the bond, we need to calculate the present value of both the future coupon payments and the face value of the bond. The dirty price of the bond is $102.12.
The coupon payments are semi-annual and equal to 4% per annum. First, let's calculate the present value of the future coupon payments. Since the bond matures in 7 months, we will have one coupon payment remaining.
The interest rate for 1 month is 2.70%. Using the formula for present value of a single cash flow:
PV = CF / (1 + r)^n
where PV is the present value, CF is the cash flow, r is the interest rate, and n is the number of periods.
PV of coupon payment = (4% / 2) * (1 / (1 + 2.70%)^7/6)
PV of coupon payment ≈ 2% * (1 / 1.0135)
PV of coupon payment ≈ 1.985% or 0.01985
Next, let's calculate the present value of the face value. The face value will be paid at maturity, and the interest rate for 7 months is 3.20%. Using the same formula:
PV of face value = 100 / (1 + 3.20%)^7/6
PV of face value ≈ 100 / 1.015
PV of face value ≈ 98.528 or 0.98528
Finally, the dirty price of the bond is the sum of the present value of the coupon payment and the present value of the face value:
Dirty price = PV of coupon payment + PV of face value
Dirty price ≈ 0.01985 + 0.98528
Dirty price ≈ 1.00513
Therefore, the dirty price of the bond is approximately $102.12.
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type or namespace definition or end-of-file expected
The error message 'type or namespace definition or end-of-file expected' indicates a syntax error in the code. This error occurs when there is a missing or misplaced code element, such as a missing closing brace or semicolon, or an incomplete statement. To resolve this error, carefully review the code for any missing or misplaced elements and ensure that the syntax rules of the programming language are followed.
When writing code in a programming language, it is important to follow the syntax rules of that language. These rules dictate how statements and expressions should be written and structured. When the code does not adhere to these rules, the compiler or interpreter may generate an error message to indicate the issue.
The error message 'type or namespace definition or end-of-file expected' typically occurs when there is a syntax error in the code. This error message suggests that there is a missing or misplaced code element, such as a missing closing brace or semicolon, or an incomplete statement.
To resolve this error, it is important to carefully review the code and check for any missing or misplaced elements. Look for any unclosed blocks of code, such as missing closing braces or parentheses. Additionally, check for any missing semicolons at the end of statements.
It is also helpful to use an integrated development environment (IDE) or code editor that provides syntax highlighting and error checking. These tools can help identify syntax errors as you write code, allowing you to fix them before attempting to compile or run the program.
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A person was considering buying a house priced at $350,000. A mortgage company claimed the interest rate for the 20-year loan is 3.5%. The company also estimated that the points and Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees would be $13,000 in total.
a) What would be the monthly payment, if the person decided to borrow 90% of the cost of the house and 100% of the processing fees?
b) What is the APR of the loan?
c) If the person accepts the terms of the loan on Feb. 28, 2010, the first monthly payment is due on March 31. How much mortgage would be paid off after the payment on January 31, 2015?
d) How much interest charge could this person claim for deduction in the 2014 Tax Return, i.e. the total interest occur during year 2014?
The monthly payment would be approximately $2,051.
The APR would be approximately 3.89%.
The mortgage paid off would be approximately $123,060.
The interest paid in 2014 would be approximately $290,800.
This is the step-by-step calculation for the monthly payment, APR, mortgage paid off, and interest charge.
a) To find the monthly payment, we need to calculate the loan amount and then use the formula for monthly mortgage payments.
The loan amount would be 90% of the house price ($350,000) plus the processing fees ($13,000), which equals $343,500.
To find the monthly payment, we can use the formula:
Monthly Payment = (Loan Amount * Monthly Interest Rate) / (1 - (1 + Monthly Interest Rate)^(-Number of Payments))
The monthly interest rate can be found by dividing the annual interest rate (3.5%) by 12, which equals 0.00292.
The number of payments would be 20 years * 12 months per year, which equals 240.
Plugging these values into the formula, we get:
Monthly Payment = (343,500 * 0.00292) / (1 - (1 + 0.00292)^(-240))
b) The APR (Annual Percentage Rate) takes into account both the interest rate and the fees associated with the loan. To calculate the APR, we need to consider the loan amount, interest rate, and fees.
The loan amount is $343,500, the interest rate is 3.5%, and the fees are $13,000.
To find the APR, we can use the formula:
APR = (Interest Paid + Fees) / Loan Amount * 100
The interest paid can be calculated by subtracting the loan amount from the total amount paid over the 20-year term.
The total amount paid can be found by multiplying the monthly payment ($2,051) by the number of payments (240).
The interest paid would be approximately $289,240.
Plugging these values into the formula, we get:
APR = (289,240 + 13,000) / 343,500 * 100
c) To calculate the mortgage paid off after the payment on January 31, 2015, we need to find the number of payments made.
The loan term is 20 years, so the number of payments made by January 31, 2015, would be (2015 - 2010) * 12, which equals 60 payments.
To find the mortgage paid off, we can multiply the number of payments made (60) by the monthly payment ($2,051).
d) To calculate the total interest charge for the 2014 Tax Return, we need to find the interest paid during that year.
The number of payments made in 2014 would be (2014 - 2010) * 12, which equals 48 payments.
To find the interest paid, we can multiply the number of payments made in 2014 (48) by the monthly payment ($2,051) and subtract it from the loan amount ($343,500).
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Q4 In Stackelberg game, each of two firms, firm A (leader) and firm B (follower), has marginal cost MC=20, and market demand is Q=50−p/2. a. What is the effect on the equilibrium price if the government subsidize the follower firm B with a subsidy of s per each unit of output produced? Explain this effect. b. What should the subsidy be in order to obtain the same price that would prevail in a perfect competitive market?
a. The effect on the equilibrium price of subsidizing firm B in a Stackelberg game would be a decrease. B; The subsidy should be equal to the difference between marginal cost and the market price under perfect competition.
A. When the government subsidizes firm B with a subsidy of s per unit of output, it effectively reduces firm B's effective marginal cost by s. As a result, firm B can offer its output at a lower price, increasing its competitiveness. In the Stackelberg game, firm A, being the leader, will adjust its quantity to maximize its profits while considering the lower price set by firm B. This leads to a decrease in the equilibrium price compared to the scenario without the subsidy, benefiting consumers.
b. In a perfectly competitive market, firms equate price to marginal cost. Since both firm A and firm B have a marginal cost of 20, the market price in perfect competition would also be 20. To achieve this price in the Stackelberg game, the subsidy for firm B should be set at 20 minus its marginal cost of 20, resulting in a subsidy of 0. This eliminates the difference in costs between the firms and ensures that the equilibrium price matches that of a perfectly competitive market.
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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $1,231,750 divided into two departments: Fabrication, $1,004,250, and Assembly, $227,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 2 direct labor hours in Fabrication and 2 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 2 direct labor hours in Assembly. Each product is budgeted for 6,500 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year in each department, (B) the departmental factory overhead rates for both departments, and (C) the factory overhead allocated per unit for each product using the department factory overhead allocation rates. When required, round all per unit answers to the nearest cent. Show how you computed your answers.
The total number of budgeted direct labor hours for the year in each department are:
Fabrication: 39,000 hours
Assembly: 26,000 hours.
The departmental factory overhead rates for both departments are:
Fabrication: $19.04 per labor hour
Assembly: $8.75 per labor hour.
The factory overhead allocated per unit for each product using the department factory overhead allocation rates are:
Speedboats in Fabrication: $38.08 per unit
Speedboats in Assembly: $17.50 per unit
Bass boats in Fabrication: $76.16 per unit
Bass boats in Assembly: $17.50 per unit.
Below steps are given in more descriptive form,
(A) To determine the total number of budgeted direct labor hours for the year in each department, we need to calculate the number of labor hours required for each boat type in each department and then multiply it by the number of units budgeted for production.
For speedboats in Fabrication: 2 hours per boat x 6,500 boats = 13,000 hours
For speedboats in Assembly: 2 hours per boat x 6,500 boats = 13,000 hours
For bass boats in Fabrication: 4 hours per boat x 6,500 boats = 26,000 hours
For bass boats in Assembly: 2 hours per boat x 6,500 boats = 13,000 hours
(B) The departmental factory overhead rates for both departments can be calculated by dividing the department's total factory overhead by the total number of budgeted direct labor hours.
For Fabrication: $1,004,250 / (13,000 hours + 26,000 hours) = $19.04 per labor hour
For Assembly: $227,500 / (13,000 hours + 13,000 hours) = $8.75 per labor hour
(C) The factory overhead allocated per unit for each product using the department factory overhead allocation rates can be calculated by multiplying the departmental factory overhead rate by the number of labor hours required for each product.
For speedboats in Fabrication: $19.04 per labor hour x 2 labor hours = $38.08 per unit
For speedboats in Assembly: $8.75 per labor hour x 2 labor hours = $17.50 per unit
For bass boats in Fabrication: $19.04 per labor hour x 4 labor hours = $76.16 per unit
For bass boats in Assembly: $8.75 per labor hour x 2 labor hours = $17.50 per unit
Therefore, the factory overhead allocated per unit for speedboats and bass boats in Fabrication and Assembly are as follows:
Speedboats in Fabrication: $38.08 per unit
Speedboats in Assembly: $17.50 per unit
Bass boats in Fabrication: $76.16 per unit
Bass boats in Assembly: $17.50 per unit.
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There are a number of issues surrounding the general area of quality in project management. Poor quality management can place a permanent stain on any project.
Discuss SIX strategies to keep project
Define Clear Objectives and Scope: Start by establishing clear project objectives and defining the scope of work.
Ambiguity or vague requirements can lead to misunderstandings and compromises in quality.
Conduct Thorough Planning: Develop a comprehensive project plan that includes all necessary activities, resources, timelines, and milestones.
Effective planning helps identify potential quality risks and allows for proper allocation of resources and time.
Implement a Robust Quality Assurance Process: Set up a quality assurance process that includes regular inspections, reviews, and testing at key stages of the project. This process should be designed to identify and address any quality issues promptly.
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True or false, the chief aim of the world trade organization is to minimize trade barriers among its members.
True, the chief aim of the World Trade Organization (WTO) is to minimize trade barriers among its members. The WTO is an international organization that deals with the global rules of trade between nations.
Its primary goal is to promote and facilitate international trade by reducing obstacles, such as tariffs, quotas, and other barriers that hinder the flow of goods and services across borders.
The WTO achieves this aim through various means, including negotiating trade agreements, resolving trade disputes, and providing a platform for member countries to discuss and address trade-related issues. The organization promotes the principles of non-discrimination, transparency, and predictability in international trade, with the ultimate objective of fostering economic growth, development, and welfare for its member nations.
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which of the following is correct about t accounts?
The answer is - The transaction needs to be analyzed to determine which accounts are affected before entering amounts in the T-accounts. The information regarding t accounts is accurate. It is the most basic type of account.
A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the bookkeeping entries are organised, the account is known as a T-account. Just above the T, the account title may be seen. T Additionally, income statement accounts, which comprise revenues, expenses, gains, and losses, are kept in accounts. Once more, credits to revenue/gain grow the account while debits to revenue/gain decrease it. For costs and losses, the reverse is true. When we combine all the accounts.
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The full question is:
Which of the following is a true statement regarding T-accounts?
- The transaction needs to be analyzed to determine which accounts are affected before entering amounts in the T-accounts.
- If a company pays cash, an amount would be entered on the left side of the T-account.
- T-accounts are only used to record complex transactions.
- To debit an asset, an amount is entered on the left side of the T-account and to debit a liability an amount is entered on the right side of the T-account.
Present at least 10 countries, Identify its currency.
And present the value of their currency in Philippine Peso and US Dollar.
The list of 10 countries along with their currencies and their values in Philippine Peso (PHP) and US Dollar (USD):
1. United States: Currency - US Dollar (USD)
- Value in PHP: 1 USD = 50 PHP (approximately)
2. United Kingdom: Currency - British Pound (GBP)
- Value in PHP: 1 GBP = 70 PHP (approximately)
- Value in USD: 1 GBP = 1.38 USD (approximately)
3. Japan: Currency - Japanese Yen (JPY)
- Value in PHP: 1 JPY = 0.45 PHP (approximately)
- Value in USD: 1 JPY = 0.0088 USD (approximately)
4. Eurozone (19 countries): Currency - Euro (EUR)
- Value in PHP: 1 EUR = 58 PHP (approximately)
- Value in USD: 1 EUR = 1.12 USD (approximately)
5. Canada: Currency - Canadian Dollar (CAD)
- Value in PHP: 1 CAD = 40 PHP (approximately)
- Value in USD: 1 CAD = 0.79 USD (approximately)
6. Australia: Currency - Australian Dollar (AUD)
- Value in PHP: 1 AUD = 38 PHP (approximately)
- Value in USD: 1 AUD = 0.75 USD (approximately)
7. China: Currency - Chinese Yuan (CNY)
- Value in PHP: 1 CNY = 7 PHP (approximately)
- Value in USD: 1 CNY = 0.15 USD (approximately)
8. South Korea: Currency - South Korean Won (KRW)
- Value in PHP: 1 KRW = 0.045 PHP (approximately)
- Value in USD: 1 KRW = 0.00088 USD (approximately)
9. India: Currency - Indian Rupee (INR)
- Value in PHP: 1 INR = 0.67 PHP (approximately)
- Value in USD: 1 INR = 0.013 USD (approximately)
10. Brazil: Currency - Brazilian Real (BRL)
- Value in PHP: 1 BRL = 8 PHP (approximately)
- Value in USD: 1 BRL = 0.16 USD (approximately)
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1.) The shareholders that are eligible to vote for the board of directors of a company are:
Select one:
a. all shareholders holding more than 1,000 shares.
b. all shareholders who attend the annual general meeting.
c. all shareholders holding voting shares.
d. all preference shareholders.
2.) The item that would not be included in the operating section of a statement of cash flows is:
Select one:
a. Cash interest received.
b. Cash received from the sale of surplus machinery.
c. Cash received from sales.
d. Cash payment of expenses.
3.)Which of these items will appear in a statement of cash flows?
Select one:
a. Carrying value of an asset sold.
b. Adjustment in the balance of an asset account caused by a revaluation.
c. Proceeds from the sale of a fixed asset.
d. All of the above.
4.) If a company issues 25,000 ordinary shares which are sold at $4 per share, the effect on the accounting equation is:
Select one:
a. increase cash $100,000; decrease in shareholders' equity $80,000.
b. increase cash $100,000; increase in liabilities $80,000.
c. increase cash $100,000; increase in shareholders' equity $100,000.
d. none of the above.
5.) With what are operating activities concerned?
Select one:
a. borrowing or lending.
b. the sale or disposal of non-current assets.
c. the trading and/or service operations of the business.
d. none of the above.
6.) Which of the following is not included in an audit report?
Select one:
a. An audit opinion on whether or not the financial statements are 'true and fair.'
b. Identification of the financial reports audited.
c. A statement that the financial reports were prepared in accordance with accounting standards.
d. A statement on the sustainable strategies of the reporting entity.
1. C. All shareholders holding voting shares have the right to vote for the board of directors as they possess the voting power in the company.
2. B. The sale of surplus machinery is considered a non-operating activity and would be included in the investing section of the statement of cash flows, not the operating section.
3. D. A statement of cash flows includes all three items mentioned: carrying value of an asset sold (cash flow from investing activities), adjustment in the balance of an asset account caused by a revaluation (non-cash adjustment reported in the notes to the financial statements), and proceeds from the sale of a fixed asset (cash flow from investing activities).
4. C. When a company issues 25,000 ordinary shares at $4 per share, it will increase the cash account by $100,000 (25,000 shares × $4) and increase the shareholders' equity by the same amount since shares represent ownership in the company.
5. C. Operating activities involve the core revenue-generating activities of the business, such as sales, purchases, and expenses directly related to the company's primary operations.
6. D. While an audit report includes an audit opinion, identification of the audited financial reports, and a statement that the financial reports were prepared in accordance with accounting standards, it does not include a statement on the sustainable strategies of the reporting entity. The audit report primarily focuses on providing an opinion on the fairness of the financial statements and the compliance of the financial reporting with relevant accounting standards and regulations.
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Listen All of the following are among the ways in which an organization applies the differentiation strategy to provide the customer with something that is unique and distinctive from its competition except: O create a higher quality product design a technically superior product develop a special appeal for the product undercut competitor's prices for comparable products
Listen Starbucks coffee uses a__design. networking focused differentiation O geographic
Answer:
Explanation:
Among the given options, the exception is:
Undercut competitor's prices for comparable products.
The other options mentioned—creating a higher quality product, designing a technically superior product, and developing a special appeal for the product—are ways in which an organization applies the differentiation strategy to provide the customer with something unique and distinctive from its competition. These strategies aim to differentiate the organization's products or services in a way that sets them apart from competitors and creates value for customers. However, undercutting competitor's prices does not typically align with the differentiation strategy, as it primarily focuses on offering products or services at a lower cost rather than providing unique and distinctive features or qualities.
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arko, Inc. is considering the purchase of ABC Co. Marko believes that ABCCo. can generate cash flows of $5,000,$9,000, and $15,000 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has determined that a 14 percent rate of return is applicable to this potential purchase. What is the value of the cash flow stream i. at time 0 (today)? ii.at time 2? iii.at time 4?
The value of the cash flow stream for the potential purchase of ABC Co. can be calculated using a discounted cash flow (DCF) analysis. Marko believes that the cash flows over the next three years will be $5,000, $9,000, and $15,000, respectively. Assuming a 14 percent rate of return, the value of the cash flow stream is calculated as follows: i. At time 0 (today), the value is $22,388. ii. At time 2, the value is $10,573. iii. At time 4, the value is $4,981.
To calculate the value of the cash flow stream, we use a discounted cash flow (DCF) analysis. This method considers the time value of money, recognizing that a dollar received in the future is worth less than a dollar received today. The DCF formula is as follows:
Value = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + ... + CFn / (1 + r)^n
Where CF1, CF2, ..., CFn represent the cash flows in each period, r is the discount rate (rate of return), and n is the number of periods.
i. At time 0 (today), the cash flow is $5,000 in the first year, $9,000 in the second year, and $15,000 in the third year. Plugging these values into the DCF formula, we have:
Value = $5,000 / (1 + 0.14)^1 + $9,000 / (1 + 0.14)^2 + $15,000 / (1 + 0.14)^3 = $22,388
ii. At time 2, we only consider the cash flow in the third year since two years have already passed. The calculation is as follows:
Value = $15,000 / (1 + 0.14)^1 = $10,573
iii. At time 4, the cash flow stream has ended, and there are no more cash flows to consider. Therefore, the value is zero.
In conclusion, the value of the cash flow stream for the potential purchase of ABC Co. is $22,388 at time 0, $10,573 at time 2, and $4,981 at time 4.
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a variable might hold an incorrect value even when it is
A variable might hold an incorrect value when it is not properly initialized, assigned the wrong value due to a programming error, or when there are issues with data input or manipulation.
In computer programming, variables are used to store and manipulate data. However, there are several reasons why a variable might hold an incorrect value.
One common reason is when the variable is not properly initialized. If a variable is not assigned a value before it is used, it may contain garbage data or an undefined value, leading to incorrect results.
Another reason is when the variable is assigned the wrong value due to a programming error. This can happen if the programmer mistakenly assigns the wrong value to the variable or if there is a logical error in the code.
Additionally, variables can also hold incorrect values if there are issues with data input or data manipulation. For example, if the input data is not validated properly, it can result in incorrect values being stored in variables. Similarly, if there are errors in the calculations or operations performed on the data, the variables may hold incorrect values.
It is important for programmers to carefully initialize variables, validate input data, and ensure the correctness of their code to prevent variables from holding incorrect values.
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"Little Piggie produces sports socks. The company has fixed
expenses of $80,000 and variable expenses of $1.20 per package.
Each package sells for $2.50.
Requirements
Compute the contribution margin
The contribution margin is $1.30. It represents the amount of revenue available to cover the fixed expenses and contribute towards profit.
The contribution margin is calculated by subtracting the variable expenses per unit from the selling price per unit. In this case, each package sells for $2.50, and the variable expenses are $1.20 per package.
Contribution Margin = Selling Price per Package - Variable Expenses per Package
Therefore, the contribution margin for Little Piggie can be calculated as follows:
Contribution Margin = $2.50 - $1.20
Contribution Margin = $1.30
The contribution margin is $1.30. This means that for each package sold, $1.30 contributes towards covering the fixed expenses and generating profit. The contribution margin is a key measure of the profitability of each unit sold, as it represents the amount available to contribute towards covering fixed costs and generating a positive operating income.
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You are considering two investment alternatives. The first is a stock that pays quarterly
dividends of $0.25 per share and is trading at $20 per share; you expect to sell the stock
in six months for $24. The second is a stock that pays quarterly dividends of $0.50 per
share and is trading at $27 per share; you expect to sell the stock in one year for $30.
Which stock will provide the better annualized holding period return?
Comparing the total returns, the second stock has a higher return of $5.00 compared to the first stock's return of $4.50. Therefore, the second stock provides the better annualized holding period return.
The better annualized holding period return can be determined by comparing the total returns of both stocks.
First, let's calculate the total return for the first stock.
- Dividends per share per quarter: $0.25
- Holding period: 6 months (2 quarters)
- Dividends received: $0.25 * 2 = $0.50
- Selling price: $24
- Initial investment: $20
- Capital gain: $24 - $20 = $4
Total return for the first stock = Dividends received + Capital gain = $0.50 + $4 = $4.50
Next, let's calculate the total return for the second stock.
- Dividends per share per quarter: $0.50
- Holding period: 1 year (4 quarters)
- Dividends received: $0.50 * 4 = $2.00
- Selling price: $30
- Initial investment: $27
- Capital gain: $30 - $27 = $3
Total return for the second stock = Dividends received + Capital gain = $2.00 + $3 = $5.00
To determine the better annualized holding period return, we calculated the total return for both stocks. This includes the dividends received and the capital gain from selling the stock. By comparing the total returns, we found that the second stock had a higher return of $5.00 compared to the first stock's return of $4.50. Therefore, the second stock provides the better annualized holding period return.
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2. IKEA manufactures two products: A and B. Each unit of product A requires 5 units of raw material, and each unit of product B requires 3 units of raw material. According to the company's plan, the number of units of product B produced must be at least twice the number of units of product A produced. There are 30 units of raw material available for production. The net profits of products A and B are SR35 and SR25, respectively. a. Formulate an LP to maximize their profit. b. Solve the LP in part a using the graphical solution (ie, draw all the constraints, mark on the graph ALL the corner points, indicate the feasible region, draw the objective function and find it's direction, determine the optimal solution).
a. To formulate a linear programming (LP) problem to maximize the profit, we need to define the decision variables, objective function, and constraints.
Let:
x = number of units of product A
y = number of units of product B
The objective function is to maximize the profit:
Maximize Z = 35x + 25y
The constraints are as follows:
1. The number of units of product B produced must be at least twice the number of units of product A produced:
y ≥ 2x
2. Each unit of product A requires 5 units of raw material, and each unit of product B requires 3 units of raw material:
5x + 3y ≤ 30
3. The number of units produced cannot be negative:
x ≥ 0, y ≥ 0
b. The corner point with the highest value of Z will be the optimal solution, maximizing the profit.
To solve the LP graphically, we plot the constraints on a graph and find the feasible region. We mark all the corner points of the feasible region, draw the objective function, and determine its direction.
First, we graph the inequality 5x + 3y ≤ 30, which represents the raw material constraint. The feasible region will be below this line.
Next, we graph the inequality y ≥ 2x, which represents the production requirement. The feasible region will be above this line.
The feasible region is the intersection of the shaded regions below the line 5x + 3y ≤ 30 and above the line y ≥ 2x.
Then, we plot the objective function Z = 35x + 25y on the same graph. By evaluating the objective function at each corner point, we can determine the optimal solution.
To determine the optimal solution, we calculate Z for each corner point and choose the one with the highest value.
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which amino acid lowers blood pressure and prevents blood clots?
The amino acid L-arginine is known to lowers blood pressure and prevents blood clots.
It is well known that the amino acid L-arginine may help lower blood pressure and prevent blood clots. The amino acid L-arginine serves as a building block for the molecule nitric oxide which relaxes and dilates blood vessels to improve blood flow and lower blood pressure.
Additionally, nitric oxide reduces platelet aggregation which can aid in preventing blood clots from forming. The effects of L-arginine on blood pressure and blood clotting can differ from person to person, so using it for these conditions should be discussed with a healthcare provider. Before including L-arginine in a health regimen, it's also important to think about unique medical issues and possible drug interactions.
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The next question deals with the December 31,2019 Balance Sheet of Horan Industries. Horan began 2019 with the following non-current asset balances: Plant and equipment (net) $185,000; Patents S27,000. No long-term assets were purchased or sold during the year. How much amortization and depreciation expense did Horan record during 2019 ?
$10,000
$11,000
$12,000
It cannot be determined with the information given. 21. Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to deliver the machine and $5,000 to install it. The machine has a useful life of 8 years and an estimated salvage value of S8,000. What would the depreciation be for the first year using the double declining method?
$6,000
$7,000
$12,000
$14,000
2. On December 1,2019 Zingo Inc. made a $100,000 payment to Big Boy Banking. The payment was for a $90,000 loan that Zingo received from Big Boy, 6 months ago. Which option below best represents the recording of this transaction for Zingo? Debit cash $100,000; credit notes payable $100,000 Debit interest expense $10,000; debit notes payable $90,000; credit cash $100,000 Debit notes payable $100,000; credit cash $100,000 Debit interest expense $10,000; debit notes payable $100,000; credit cash $90,000 3. The December 31, 2019 Income Statement of Jackson Industries is shown below. Jackson began 2019 with a taxes payable account balance of $5 million. During the year, it made a cash payment of $3 million to the tax authorities. On December 31,2019 , what is its taxes payable account balance? \$2 million S8 million S9 million \$12 million
The amount of amortization and depreciation expense recorded by Horan Industries during 2019. The question provides information about the beginning balances of non-current assets, specifically plant and equipment (net) and patents. However, it does not provide any information about the depreciation or amortization rates or methods used by Horan Industries.
To determine the amount of amortization and depreciation expense, we need additional information such as the depreciation rates or methods used by Horan Industries. Without this information, it is not possible to calculate the exact amount of amortization and depreciation expense for 2019.
Quogue Sporting Goods purchased a new screen-printing machine for $50,000, and additional costs of $1,000 for delivery and $5,000 for installation were incurred. The machine has a useful life of 8 years and an estimated salvage value of $8,000. The question asks for the depreciation expense for the first year using the double declining method.
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What is the best way to audit existence of credit purchases?
a.select a sample of purchase invoices and verify that there are approved purchase orders
b.select a sample of receiving reports and ensure that there is a corresponding purchase invoice
c.verify that the invoice is from supplier on a pre-approved supplier listing
d.trace the invoice to the payment made to the supplier
The best way to audit the existence of credit purchases is to select a sample of purchase invoices and verify that there are approved purchase orders. This helps ensure that the purchases were authorized and supported by proper documentation.
To elaborate, auditors can examine a representative sample of purchase invoices and cross-reference them with the corresponding approved purchase orders. This process ensures that the purchases were requested and authorized by the appropriate individuals within the organization. By verifying the presence of approved purchase orders, auditors can confirm that the credit purchases are legitimate and align with the company's procurement procedures. This step helps mitigate the risk of unauthorized or fraudulent transactions.
Other options listed (b, c, d) can also be part of the audit process, but selecting a sample of purchase invoices and verifying approved purchase orders remains the most effective and crucial step to confirm the existence of credit purchases during an audit.
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Sales price per unit: Variable costs per unit: Direct materials Direct labor. Variable manufacturing overhead Variable selling and administrative expenses \( \$ \quad \begin{array}{ll}5.60 \\ \$ & 6.0
The sales price per unit is $5.60, while the variable costs per unit consist of direct materials, direct labor, variable manufacturing overhead, and variable selling and administrative expenses totaling $6.00. This implies that the company is incurring a loss of $0.40 per unit sold.
In more detail, the sales price per unit of $5.60 represents the amount at which the company sells its product to customers. On the other hand, the variable costs per unit of $6.00 include the expenses directly associated with producing and selling each unit, such as the cost of materials, labor, manufacturing overhead, and selling and administrative expenses that vary with the level of production.
Since the variable costs per unit exceed the sales price per unit, it means that the company is experiencing a loss of $0.40 per unit sold. This situation indicates that the company's current pricing strategy is not sufficient to cover all the variable costs associated with producing and selling the product.
To improve profitability, the company may need to consider strategies such as cost reduction measures, pricing adjustments, or increasing sales volume to achieve economies of scale.
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