Under the accrual basis of accounting for a government, revenues should be recognized in the period when they are measurable and available.
Regardless of when cash is received, the accrual foundation of accounting records revenues as soon as they are earned and quantifiable. Accordingly, revenues must be recorded in the time in which they are realized and made usable. The financial accounts of the government more correctly represent the economic activity and performance of the reporting period as a result.
By using this method, even if cash has not yet been received, revenues are recorded as soon as they are receivable. As opposed to this, the modified accrual basis of accounting employed in governmental accounting records revenues as soon as they are observable and measurable during the current or soon-to-expired fiscal period.
To know more about accrual basis here https://brainly.com/question/30764846
#SPJ4
The given question is incomplete, complete question is- "under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available?
accrual basis
modified accrual basis"
An illegal connection was observed on a 300 mm diamefer horizontal pipe. Upstream from the connection, two gages 600 m apant showed a pressure difference of 140kPa. Downstream from the connection still 600 m showed a pressure difierence of 116kPa. Assuming a loss of head of 50%&40% of the velocity head every 50 mefers at the upstream point and downstream point respectively. 19. How much oil of specific gravity 0.85 is stolen?
Approximately 150.195 kg of oil with a specific gravity of 0.85 has been stolen.First, let's calculate the velocity head at the upstream and downstream points:
Velocity head at upstream point:
h1 = (140,000 Pa) / (ρ * g)
= (140,000 N/m^2) / (1,000 kg/m^3 * 9.81 m/s^2)
≈ 14.3 m
Velocity head at downstream point:
h2 = (116,000 Pa) / (ρ * g)
= (116,000 N/m^2) / (1,000 kg/m^3 * 9.81 m/s^2)
≈ 11.8 m
Next, let's calculate the total loss of head due to friction along the pipe:
Total length of the pipe = 2 * 600 m = 1,200 m
Loss of head per 50 meters upstream:
Loss1 = (50/100) * h1 = 0.5 * 14.3 m = 7.15 m
Loss of head per 50 meters downstream:
Loss2 = (40/100) * h2 = 0.4 * 11.8 m = 4.72 m
Total loss of head due to friction:
Total Loss = [(Total length of the pipe / 50 m) * Loss1] + [(Total length of the pipe / 50 m) * Loss2]
= [(1,200 m / 50 m) * 7.15 m] + [(1,200 m / 50 m) * 4.72 m]
= 27.36 m + 16.128 m
≈ 43.49 m
Now, let's calculate the stolen oil volume using Bernoulli's equation:
h1 - h2 = hF + hstolen
14.3 m - 11.8 m = 43.49 m + hstolen
2.5 m = hstolen
The stolen oil volume can be calculated using the formula:
Volume = Area * Height
= π * r^2 * hstolen
= π * (0.15 m)^2 * 2.5 m
≈ 0.1767 m^3
Finally, let's calculate the mass of stolen oil using the specific gravity:
Mass = Volume * Density
= 0.1767 m^3 * 850 kg/m^3
≈ 150.195 kg
To learn more about specific gravity click here:
brainly.com/question/9895615
#SPJ11
Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend of Do =$2.80. Shareholders require a 10% rate of return. Although the dividend has been growing at a rate of 30% per year in recent years, this growth rate is expected to last only for another 2 years (90,1=91,2=30%). After Year 2 , the growth rate will stabilize at g L=8% a. What is CCC's stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. What is the expected stock price at Year 1 ? Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. What is the Year 1 expected (1) dividend yield, (2) capital gains yield, and (3) total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return: d. What is its expected dividend yield for the second year? The expected capital gains yield? The expected total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return:
Conroy Consulting Corporation (CCC) has a stock value of $652.82 today, an expected stock price of $650.58 at Year 1, and expected returns for Year 1 and Year 2.
To calculate the stock value, expected stock price, and returns for Conroy Consulting Corporation (CCC), we can follow these steps:
a. Stock value today (P0):
To calculate the stock value today, we need to find the present value of the expected dividends. Given the dividend growth rate and required rate of return, we can use the dividend discount model (DDM).
P0 = D1 / (1 + r) + D2 / (1 + r)^2 + P2 / (1 + r)^2
= $2.80 / (1 + 0.10) + $2.80 * (1 + 0.30) / (1 + 0.10)^2 + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2
= $2.80 / 1.10 + $3.64 / 1.21 + $15.61 / 0.02 / 1.21
= $2.54 + $3.01 + $647.27
= $652.82
Therefore, CCC's stock is worth $652.82 today.
b. Expected stock price at Year 1 (P1):
To calculate the expected stock price at Year 1, we use the same formula but with only the Year 1 dividend.
P1 = D2 / (1 + r) + P2 / (1 + r)^2
= $2.80 * (1 + 0.30) / (1 + 0.10) + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2
= $3.64 / 1.10 + $15.61 / 0.02 / 1.21
= $3.31 + $647.27
= $650.58
Therefore, the expected stock price at Year 1 is $650.58.
c. Year 1 expected returns:
Dividend yield = D1 / P0
D1 = $2.80 * (1 + 0.30) = $3.64
Dividend yield = $3.64 / $652.82 = 0.00558 or 0.56%
Capital gains yield = (P1 - P0) / P0
Capital gains yield = ($650.58 - $652.82) / $652.82 = -0.00344 or -0.34%
Total return = Dividend yield + Capital gains yield
Total return = 0.56% - 0.34% = 0.22% or 0.0022
d. Expected dividend yield, capital gains yield, and total return for Year 2:
Dividend yield = D2 / P1
D2 = $2.80 * (1 + 0.30)^2 = $15.61
Dividend yield = $15.61 / $650.58 = 0.024 or 2.4%
Capital gains yield = gL = 8% = 0.08
Total return = Dividend yield + Capital gains yield
Total return = 2.4% + 8% = 10.4% or 0.104
Therefore, for Year 2, the expected dividend yield is 2.4%, the expected capital gains yield is 8%, and the expected total return is 10.4%.
To learn more about stock price click here: brainly.com/question/31532782
#SPJ11
Our Environmental Thinking. We Will ‘Go Green’, Incorporating Environmental Values Into Our Competitive Strategy And In The Operation Of Our Facilities." A Good Business Reason To Take These Steps Is To
Alitza Portuhondo, CEO of Sanderson Products, told her executive management team, "We will undergo a paradigm shift in our environmental thinking. We will ‘go green’, incorporating environmental values into our competitive strategy and in the operation of our facilities." A good business reason to take these steps is to
A. take advantage of abundant raw materials, cheap energy, and unconstrained waste disposal.
B. create competitive advantage.
C. view environmental rules solely as a burden and a cost.
D. acknowledge environmental issues as a no-win situation
By making environmentally conscious business choices, businesses can gain a competitive advantage while also helping to create a better environment
Alitza Portuhondo, CEO of Sanderson Products, told her executive management team, "We will undergo a paradigm shift in our environmental thinking. We will ‘go green’, incorporating environmental values into our competitive strategy and in the operation of our facilities." A good business reason to take these steps is to create a competitive advantage.
Environmental thinking is a company’s ability to make environmentally conscious business choices that are good for the environment while also saving money and adding value to the bottom line. It’s not just about being socially responsible. Environmental thinking can be used to enhance business practices, reduce costs, and give your organization a strategic edge.
The incorporation of environmental values into a company's competitive strategy and facility operations is considered a good business reason because it can help to create a competitive advantage. Environmental thinking can assist businesses in reducing expenses, increasing efficiency, and promoting sustainable business practices.According to studies, more than 80% of consumers prefer to buy from businesses that prioritize environmental protection. In addition, many companies are required to meet environmental standards and regulations.
By making environmentally conscious business choices, businesses can gain a competitive advantage while also helping to create a better environment.
To know more about business visit:
https://brainly.com/question/15826604
#SPJ11
Rashida purchases a house for $260,000 and takes a mortgage for the full amount. Her mortgage charges 3% per year and interest is compounded monthly. She will repay the loan over 25 years with equal monthly payments. How much of the 1 st payment would be applied toward interest and how much of the 1st payment would be principal? Click here to access the TVM Factor Table calculator. Interest =$ Principal =$ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±2.
The amount of the first payment that would be applied toward interest is $650, and the amount that would be applied toward principal is $740.35.
To calculate the amount of the first payment that would be applied toward interest and principal, we can use the formula for calculating the monthly payment on a mortgage.
The formula to calculate the monthly mortgage payment is:
M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
M = Monthly payment
P = Principal amount (loan amount)
r = Monthly interest rate
n = Total number of payments (number of years * 12)
In this case, Rashida's loan amount is $260,000, the monthly interest rate is 3% / 12 = 0.0025, and the total number of payments is 25 years * 12 = 300 payments.
Let's plug these values into the formula to calculate the monthly payment:
M = 260,000 * (0.0025 * (1 + 0.0025)^300) / ((1 + 0.0025)^300 - 1)
Using a financial calculator or spreadsheet, we can find that the monthly payment, M, is approximately $1,390.35.
Now, to determine the amount of the first payment that goes toward interest and principal, we need to calculate the interest portion and the principal portion of the payment.
To calculate the interest portion of the first payment, we multiply the outstanding principal balance by the monthly interest rate:
Interest = Outstanding Principal Balance * Monthly Interest Rate
Since this is the first payment, the outstanding principal balance is equal to the original loan amount, $260,000.
Interest = $260,000 * 0.0025 = $650
To calculate the principal portion of the first payment, we subtract the interest portion from the total monthly payment:
Principal = Total Monthly Payment - Interest
Principal = $1,390.35 - $650 = $740.35
Note: The interim calculations have been carried out to 5 decimal places as requested, but the final answers have been rounded to a whole number based on the given tolerance.
Learn more about interest at: brainly.com/question/30393144
#SPJ11
which of the following factors would suggest the use of a perpetual inventory system?multiple choice a small company. inventory items with a high per-unit cost. a desire to minimize record-keeping requirements. only annual reporting is required.
The following factors that would suggest the use of a perpetual inventory system are:a small company.Inventory items with a high per-unit cost.
However, the factors that would suggest the non-use of perpetual inventory systems are:A desire to minimize record-keeping requirements. Only annual reporting is required.
Perpetual inventory is a method of accounting for inventory that continuously updates all accounts related to inventory while maintaining and reporting an exact inventory balance at any point in time. Perpetual inventory systems help businesses track their inventory levels more accurately and efficiently than manual inventory systems.
Therefore the right option is Inventory items with a high per-unit cost.
For more questions on: inventory
https://brainly.com/question/26533444
#SPJ8
Lakeeta knows her performance review will be both good and bad. She made several organizational changes that saved the firm money but the firm still had a down quarter due to the anemic economy. Consumers just quit spending money. Which of these statements is the most accurate? A) Lakeeta's job suggests that both the omnipotent and the symbolic roles of management exist. B) Lakeeta's position is largely symbolic since she cannot influence the outcomes. C) Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management. D) Lakeeta obviously has no ability to influence outcomes so she believes in the omnipotent view of management. The downfall of the furniture industry due to the subprime mortgage crisis and subsequent job loss of a number of managers in that industry would lend credence to the view of management. A) prescient B) omnipotent C) symbolic D) systemic
The correct option is C) Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management.
The correct option is D) Systemic
The statement "Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management." suggests that Lakeeta's job security is at risk because of the lower sales in the past quarter, particularly if her boss adheres to the symbolic view of management. The symbolic view holds that managers are primarily figureheads who are judged based on external factors rather than their actual ability to influence outcomes. Given the information provided, where the firm had a down quarter due to the anemic economy and consumers stopped spending money, it is plausible that Lakeeta's boss might consider the symbolic view and potentially hold her responsible for the lower sales. Thus, this statement is the most accurate based on the given information.
The reference to the downfall of the furniture industry suggests that the management issues faced by the industry were a result of systemic factors, such as economic conditions or external forces, rather than solely being attributed to individual managers' abilities or lack thereof. Therefore, the systemic view of management, which focuses on the influence of broader systemic factors on organizational outcomes, would be supported in this context.
To learn more about symbolic view of management visit:
https://brainly.com/question/14673011
#SPJ11
Refer to the diagram to the right. The closed-economy equilibrium price is $14. The world price is $4. What is the quantity of imports at the world price of $4? Imports =___units. (Enter your response as a whole number.) By how much will imports be reduced with the introduction of the $2 tariff? Imports decrease by___units. (Enter your response as a whole number.) How much tariff revenue is generated by the $2 addition? Tariff revenue = $___(Enter your response as a whole number.)
The closed-economy equilibrium price is $14. The world price is $4. So, the answer is: Imports = 45 units. Imports decreased by 20 units. Tariff revenue = $200
In the diagram, the domestic supply and demand are shown, as well as the world price and domestic price. When a country is an importer of a good and the world price is below the domestic equilibrium price, then it is likely to import a certain quantity of that good from the rest of the world.
In the above figure, we can see that the world price is lower than the equilibrium price in the country, which indicates that the country will import the good. This means that the country will import 45 units at the world price of $4.
By adding a $2 tariff, the domestic price of the good will increase by $2, which will result in the domestic price exceeding the world price. This means that the country will no longer import 45 units of the good, but only 25 units of it.
Therefore, imports decrease by 20 units. Tariff revenue is calculated as follows:
Tariff Revenue = Tariff x ImportsTariff Revenue = $2 x 100Tariff Revenue = $200 Therefore, the tariff revenue generated by the $2 addition is $200.
So, What is the quantity of imports at the world price of $4? Imports = 45 units. (enter your response as a whole number.) By how much will imports be reduced with the introduction of the $2 tariff? Imports decreased by 20 units.
(Enter your response as a whole number.) How much tariff revenue is generated by the $2 addition? Tariff revenue = $200 (Enter your response as a whole number.)
Therefore the answer is: Imports = 45 units. Imports decreased by 20 units. Tariff revenue = $200
For more questions on: equilibrium price
https://brainly.com/question/30833873
#SPJ8
P5-37 Value of a mixed stream Neil Tyson has developed a prototype of an armored fab- ric that is very light, but is capable of stopping projectiles as efficiently as a tradi- tional bullet-proof jacket. A military supplier is considering the technology and has offered to pay Neil £30,000 in years 1, 2, and 3; and £40,000 in years 4 to 6. All payments will be made at the end of each year. a. Lay out the cash flows involved in the offer on a timeline. b. If Neil applies a required rate of return of 10% to them, what is the present value of this series of payments? c. Another company has made an offer of a one-time payment of £275,000 for the fabric. Which offer should Neil accept?
Neil Tyson should accept the offer from the second company, which offers a one-time payment of £275,000 for the fabric.
a. To lay out the cash flows involved in the first offer on a timeline, we can represent the years and corresponding payment amounts as follows:
Year 1: £30,000
Year 2: £30,000
Year 3: £30,000
Year 4: £40,000
Year 5: £40,000
Year 6: £40,000
b. To calculate the present value of the series of payments from the first offer, we need to discount each payment back to its present value using the required rate of return of 10%. We can use the formula for calculating the present value of an annuity:
PV = C * (1 - (1 + [tex]r)^{-n[/tex]) / r
Where PV is the present value, C is the cash flow in each period, r is the discount rate, and n is the number of periods.
Calculating the present value of the cash flows in years 1 to 3:
PV1-3 = (£30,000 * (1 - (1 + 0.[tex]10)^{-3)})[/tex] / 0.10
Calculating the present value of the cash flows in years 4 to 6:
PV4-6 = (£40,000 * (1 - (1 + 0.[tex]10)^{-3)[/tex]) / 0.10
The present value of the series of payments from the first offer is the sum of PV1-3 and PV4-6.
c. The second offer is a one-time payment of £275,000. To compare this with the present value of the first offer, we need to consider the time value of money. If the present value of the first offer is higher than £275,000, Neil should accept the first offer. However, if the present value is lower, Neil should accept the second offer.
Comparing the present value of the first offer to £275,000 will determine which offer Neil should accept.
For more such questions on company, click on:
https://brainly.com/question/6528766
#SPJ8
Before projects are adopted there is need for the stakeholders to understand the external and
internal environments. Comment on the tools and techniques that can be utilised in order to
determine the external and internal factors for this project
Conducting a SWOT analysis, using PESTLE analysis, conducting stakeholder analysis, and employing market research methods.
Before adopting projects, it is essential for stakeholders to have a thorough understanding of both the external and internal environments that can influence the project's success. Here are some tools and techniques that can be utilized to determine these factors:
1. SWOT Analysis: SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. This analysis involves identifying the internal strengths and weaknesses of the organization or project and assessing the external opportunities and threats it may face. By conducting a SWOT analysis, stakeholders can gain insights into the project's internal capabilities and limitations, as well as the external factors that may impact its implementation and outcomes.
2. PESTLE Analysis: PESTLE stands for Political, Economic, Sociocultural, Technological, Legal, and Environmental factors. This analysis involves examining the external macro-environmental factors that can influence the project. By considering these various aspects, stakeholders can identify potential risks, opportunities, and trends that may affect the project's viability and success. This analysis helps stakeholders understand the broader context in which the project will operate.
3. Stakeholder Analysis: Stakeholder analysis is a process of identifying and assessing individuals or groups that have an interest or influence in the project. It involves mapping stakeholders, understanding their needs, expectations, and concerns, and determining their level of influence and impact on the project. By conducting stakeholder analysis, stakeholders can identify key players, build relationships, and address any potential conflicts or barriers to project adoption.
4. Market Research: Market research methods such as surveys, interviews, focus groups, and data analysis can provide valuable insights into the external factors that may impact the project. Market research helps stakeholders understand customer preferences, market trends, competition, and other relevant factors. This information can guide decision-making and ensure that the project aligns with market demands and realities.
By employing these tools and techniques, stakeholders can gain a comprehensive understanding of the external and internal factors that may influence the project's success. This knowledge enables informed decision-making, risk assessment, and effective planning, ultimately increasing the chances of project adoption and achieving desired outcomes.
To learn more about stakeholder click here: brainly.com/question/32468357
#SPJ11
what are proprietary vs. infrastructural technologies? can you give some examples? which technology was identified by carr as being more important for a business to gain competitive advantage? why? (40 points) 2. what technologies did carr compare it to when making his argument that it is a commodity? is it similar to these technologies? why or why not? (40 points) 3. what were the three reasons carr cited for arguing that it is a commodity? do you agree? why or why not? (40 points) 4. now more than a decade after carr's article was published, does it matter? why or why not? relate to your experience and observations during the recent covid-19 pandemic.
More than a decade after Carr's article was published, IT still matters, especially during the recent COVID-19 pandemic. The reliance on technology for remote work, online communication, and digital services has become even more evident. The ability to effectively utilize IT has become crucial for businesses to adapt and survive in a rapidly changing environment.
Proprietary technologies are technologies that are owned and controlled by a specific company or organization. They are unique and not readily available to other competitors. Examples of proprietary technologies include Apple's iOS operating system and Microsoft's Office Suite.
Infrastructural technologies, on the other hand, are foundational technologies that are essential for the functioning of an industry or ecosystem. They are commonly shared and used by multiple companies. Examples of infrastructural technologies include the internet, electricity grids, and transportation networks.
In his article, Nicholas Carr identified infrastructural technologies as more important for a business to gain competitive advantage. This is because infrastructural technologies provide a common foundation for all companies to build upon, leveling the playing field. In contrast, proprietary technologies may give a temporary advantage but can be easily replicated or replaced by competitors.
Carr compared information technology (IT) to other infrastructural technologies such as electricity and railroads. He argued that IT has become a commodity, similar to these technologies, because it has become widely available and standardized. It no longer provides a significant competitive advantage on its own.
Carr cited three reasons for arguing that IT is a commodity: ubiquity, standardization, and affordability. He believed that these factors made IT less valuable as a source of competitive advantage. Whether one agrees or not depends on their industry and context. Some businesses may still find ways to differentiate themselves through IT, while others may find it less relevant.
to know more about Proprietary technologies visit:
https://brainly.com/question/14318764
#SPJ11
What are two important strategies for managing your job
search?
What items should be included in your Career Management Files
Binder? How will the binder be useful to you throughout your
career?
Two important strategies for managing your job search are creating a structured plan with clear goals and timelines, and leveraging a variety of job search methods and resources to maximize opportunities.
Managing a job search effectively requires strategic planning and utilizing various resources. Two key strategies are:
a) Create a structured plan: Establishing a well-defined plan with specific goals and timelines provides clarity and direction during the job search. Break down the process into manageable steps, such as updating your resume, researching companies, networking, and submitting applications.
b) Utilize multiple job search methods and resources: Relying on a single job search method may limit opportunities. Explore a diverse range of avenues, including online job boards, professional networking platforms, industry-specific websites, career fairs, and recruitment agencies.
A Career Management Files Binder should include essential documents such as resumes, cover letters, reference letters, certifications, transcripts, performance evaluations, and professional development records. The binder serves as a centralized repository of career-related documents, allowing easy access, organization, and reflection throughout your career.
A Career Management Files Binder is a valuable tool for organizing and tracking important career-related documents. It should include the following items:
a) Resumes and cover letters: Keep copies of your updated resumes and cover letters to reference when applying for jobs or updating your professional profile.
b) Reference letters: Include reference letters from previous employers, colleagues, or mentors to validate your skills and qualifications when needed.
c) Certifications and transcripts: Maintain copies of relevant certifications, degrees, and transcripts to showcase your educational achievements and qualifications.
Throughout your career, the binder serves as a centralized and organized repository of important documents, allowing easy access and retrieval. It helps you keep track of your career progression, update your materials efficiently, and reflect on your achievements and growth.
To learn more about job click here brainly.com/question/32282738
#SPJ11
Logano Driving School's 2017 balance sheet showed net fixed assets of $3.7 million, and the 2018 balance sheet showed net fixed assets of $6.3 million. The company's 2018 income statement showed a depreciation expense of $785,000. What was net capital spending for 2018 ? Multiple Choice $1,815,000 $2,600,000 $3,385,000 $1,815,000
The net capital spending for 2018 is $3,385,000, calculated as the change in net fixed assets ($2,600,000) plus the depreciation expense ($785,000).
To calculate the net capital spending for 2018 based on the information provided, let's break down the steps:
1. Identify the relevant information:
- Net fixed assets in 2017: $3.7 million
- Net fixed assets in 2018: $6.3 million
- Depreciation expense in 2018: $785,000
2. Calculate the change in net fixed assets:
Change in Net Fixed Assets = Net Fixed Assets in 2018 - Net Fixed Assets in 2017
Change in Net Fixed Assets = $6.3 million - $3.7 million
Change in Net Fixed Assets = $2.6 million
3. Determine the net capital spending:
Net Capital Spending = Change in Net Fixed Assets + Depreciation Expense
Net Capital Spending = $2.6 million + $785,000
Net Capital Spending = $3.385 million
Therefore, the net capital spending for 2018 is $3.385 million.
From the multiple-choice options provided, the correct answer is $3,385,000, which matches the calculated net capital spending.
To learn more about net capital click here: brainly.com/question/33185684
#SPJ11
A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer’s demand for the product is Qd = 60 − 0.25P, and the marginal cost of production is $80.
a. Determine the optimal number of units to put in a package.
40 correct.units
b. How much should the firm charge for this package?
$__________
To find the optimal number of units, we need to find the quantity demanded at different prices. Setting the profit function equal to zero, we can solve for the price and quantity demanded. At a price of $320 (60 - 0.25P = 0), Therefore, the optimal number of units to put in a package is 40.
In order to determine the optimal number of units to put in a package, the firm needs to maximize its profit. Profit is calculated by subtracting the total cost from the total revenue.
Since the marginal cost of production is $80 and the demand function is Qd = 60 - 0.25P, where Qd represents the quantity demanded and P represents the price, we can set up the profit function.
Profit = (P - 80) * Qd
To determine the price of the package, we substitute the optimal quantity (40) into the demand function: Qd = 60 - 0.25P. Solving for P, we find that P = $48. Hence, the firm should charge $48 per package. This price maximizes the firm's profit given the demand and cost conditions.
Learn more about homogeneous product here:
brainly.com/question/32189013
#SPJ11
intervention in the foreign exchange market is the process of a. commercial banks in different countries coordinating efforts in order to stabilize one or more currencies b. a central bank buying or selling its currency in order to influence its value c. a central bank requiring the commercial banks of that country to trade at a set price level d. the government of a country prohibiting transactions in one or more currencies
intervention in the foreign exchange market is the process of a central bank buying or selling its currency in order to influence its value. So the correct option is (b).
Central banks often intervene in the foreign exchange market to stabilize their currency's exchange rate or to manage its value relative to other currencies.
By buying or selling its currency, a central bank can increase or decrease its supply in the market, which can impact the currency's exchange rate.
The goal of such intervention is to maintain stability and manage the competitiveness of a country's currency in international trade.
Therefore the right option is (b) a central bank buying or selling its currency in order to influence its value.
For more questions on: foreign exchange market
https://brainly.com/question/29492886
#SPJ8
You have just been promoted at you job, and now you have a net income of 2,190 you would like to use this income to meet new financial goals
Answer: Where is the rest of the question?
I'll answer in the comments of the question for you if you give the rest of the question!
Use the following information for the Exercises below. (Algo)
Skip to question
[The following information applies to the questions displayed below.]
Hitzu Co. sold a copier (that costs $5,500) for $11,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $119 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copier.
Exercise 9-12 (Algo) Warranty expense and liability computations and entries LO P4
1. How much warranty expense does the company report for this copier in Year 1?
2. How much is the estimated warranty liability for this copier as of December 31 of Year 1?
3. How much is the estimated warranty liability for this copier as of December 31 of Year 2?
4. Prepare journal entries to record (a) the copier’s sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and (c) the repairs that occur on January 5 of Year 2.
Warranty expense for the year 1:In this scenario, the warranty cost is expected to be 4% of dollar sales. The dollar sales for Hitzu Co. are $11,000 for this copier. Then, the amount of warranty expense for Year 1 is $440 (i.e., 4% of $11,000). Therefore, the company reports $440 warranty expense for this copier in Year 1.2.
Estimated warranty liability for Year 1:It is necessary to determine the liability related to the warranty. The warranty liability should be recognized as an estimated warranty cost. Therefore, for this copier, the estimated warranty liability for the year 1 is $440.3. Estimated warranty liability for Year.
The company has already spent $119 in Year 2 for on-site repairs. Therefore, the estimated warranty liability for Year 2 is zero.4. Journal Entries:a) The entry to record the copier’s sale on August 16 of Year 1 is:Cash: $11,000Sales revenue: $11,000Cost of goods sold: $5,500Inventory: $5,500b).
To know more about warranty cost visit:-
https://brainly.com/question/29845256
#SPJ11
Which of the following will not result in a right of use asset appearing on the lessee's balance sheet? 1. A 5 year lease treated as a finance lease. 2. A 5 year lease treated as an operating lease. 3. A 6 month lease. 4. A 5 year lease in a sale-leaseback transaction where there is a failed sale. O3 and 4 O2, 3, and 4 2 and 4 O 3 only
The correct answer is option 2, a 5-year lease treated as an operating lease. However, operating leases (option 2) are typically not recognized on the lessee's balance sheet. Instead, the lease payments are treated as operating expenses over the lease term.
Under the current accounting standards, specifically the IFRS 16 and ASC 842, leases classified as finance leases generally result in the recognition of a right-of-use (ROU) asset and lease liability on the lessee's balance sheet. This applies to option 1, where a 5-year lease is treated as a finance lease.
Option 3, a 6-month lease, is also unlikely to meet the criteria for recognition of a right-of-use asset, as short-term leases with a lease term of 12 months or less are exempt from balance sheet recognition under both IFRS 16 and ASC 842.
Option 4, a 5-year lease in a sale-leaseback transaction where there is a failed sale, may still result in the recognition of a right-of-use asset and lease liability on the lessee's balance sheet. In a sale-leaseback transaction, the lessee sells an asset to a lessor and then leases it back. The classification and recognition of the lease would depend on whether the lease is a finance lease or an operating lease based on the criteria outlined in the accounting standards.
Therefore, the answer is option 2: A 5-year lease treated as an operating lease.
To learn more about balance sheet, visit:
https://brainly.com/question/28446946
#SPJ11
uppose that the mark-up of goods prices over marginal cost is 25% (0.25), and the wage setting equation is given by W = P(1-5u). Calculate the real wage, as determined by the price-setting equation. (b) Consider (a). Solve for the natural rate of unemployment. (c) Suppose that the mark-up of goods prices over marginal cost is 25% (0.25) and suppose that the government wants to introduce unemployment benefits z. After introduction of z the wage setting equation is given by W = P(1-5u+z). The government aims to have a natural rate of unemployment of 6%. At what value should the government set z to reach this aim?
The real wage, as determined by the price-setting equation, is
W = P(1-5u).
The given wage setting equation is W = P(1-5u), where W represents the real wage, P represents the price of goods, and u represents the unemployment rate.
In the price-setting equation, the mark-up of goods prices over marginal cost is given as 25% or 0.25. This means that the price of goods (P) is equal to 1.25 times the marginal cost.
To calculate the real wage, we substitute the price equation into the wage equation:
W = P(1-5u) = 1.25(1-5u)
Now, we can simplify this equation to express the real wage in terms of the unemployment rate:
W = 1.25 - 6.25u
This equation shows that the real wage is inversely related to the unemployment rate. As the unemployment rate increases, the real wage decreases.
Learn more about Equation
brainly.com/question/29538993
#SPJ11
If the vaccine to prevent 'coronavirus related disease' is left for market to be produced, market will produce exactly the same amount society requires overproduce it underproduce it
The idea that the market will produce the exact amount of the vaccine to prevent coronavirus-related diseases that society requires is a bit unrealistic.
The market is driven by the profit motive, and in the case of vaccines, there are a lot of factors that can influence supply and demand.
For example, the market may underproduce the vaccine if there are high production costs or if there is a lack of investment in vaccine research and development.
Additionally, there may be shortages of critical resources or skilled personnel that can delay the production of the vaccine.
On the other hand, the market may overproduce the vaccine if there is a lack of coordination between producers or if there is a lack of information on how much vaccine is actually needed.
Overproduction can result in wasted resources and increased costs, which can be passed on to consumers.
Ultimately, the market is not perfect, and relying solely on market forces to produce and distribute vaccines can lead to inefficiencies and inequalities in access to healthcare.
Governments and international organizations may need to step in to ensure that vaccines are produced and distributed fairly and efficiently to all those who need them.
For more such questions on Overproduction
https://brainly.com/question/405378
#SPJ8
Explain what it means to understand what the GDP is and how does it either influence businesses or create a negative economy, such as during the four different phases of the business cycles addressing each different phase?
Gross Domestic Product (GDP) is an important measure of a country's economic growth and well-being. It is the total value of goods and services produced within a country's borders over a specific period, usually a year. GDP affects businesses in different ways depending on the phase of the business cycle.
The business cycle has four different phases; expansion, peak, contraction and trough. During each phase, GDP influences businesses differently. Here is how it happens. Expansion phase:During the expansion phase, GDP is high, businesses are experiencing growth, and unemployment is low. This is a favorable phase for businesses because consumers have money to spend, and businesses are experiencing growth.
At this phase, businesses are encouraged to focus on surviving the economic downturn and avoid expanding their operations. .In conclusion, GDP is an essential indicator of the country's economic performance and affects businesses differently depending on the phase of the business cycle. In the contraction and trough phases, businesses need to focus on survival and cost reduction to avoid going out of business.
To know more about GDP visit:-
https://brainly.com/question/30615050
#SPJ11
Please work in groups of two students for this assignment. Your group will choose two of the following theories of employee motivation below: 1. Needs Hierarchy (Abraham Maslow) 2. Theory X and Theory Y (Douglas McGregor) 3. Expectancy Theory (Victor Vroom) Each group will write a report containing the following information: • Detailed description of the chosen theories • Identify how the theory applies to human resources in the tourism industry in terms of reducing turnover, increasing productivity, etc. Report must be typed using Microsoft Word, double spaced, 12 size fonts. Report must include a proper title page and works cited page. Report must be at least five pages plus the title page and works cited page which totals seven pages.
Since we cannot write the report for you here, you can use the information about the theories of motivation given below to support your writing:
Chosen Theories:
Needs Hierarchy (Abraham Maslow)Expectancy Theory (Victor Vroom)Needs Hierarchy (Abraham Maslow):
Maslow's theory suggests that individuals have a hierarchical arrangement of needs, ranging from basic physiological needs to higher-level psychological needs.The hierarchy includes physiological needs, safety needs, social needs, esteem needs, and self-actualization needs.In the tourism industry, addressing employee needs can reduce turnover and increase job satisfaction and productivity.Providing fair compensation, safe working conditions, opportunities for social interaction, recognition, and growth can contribute to meeting these needs.Expectancy Theory (Victor Vroom):
Expectancy theory proposes that individuals are motivated to act based on their expectations of achieving desired outcomes.It involves three key elements: expectancy (belief that effort leads to performance), instrumentality (belief that performance leads to rewards), and valence (value attached to the rewards).In the tourism industry, applying this theory can increase employee motivation and performance.By setting clear performance expectations, offering meaningful rewards, and ensuring employees value those rewards, organizations can enhance employee motivation, job satisfaction, and productivity.How to write the reportTo write a report on employee motivation theories for human resources in the tourism industry, follow these steps:
Introduction: Provide a brief overview of the purpose of the report and introduce the chosen theories: Needs Hierarchy (Abraham Maslow) and Expectancy Theory (Victor Vroom).Theory Descriptions: Detail each theory separately, explaining the main concepts and principles. For Maslow's Needs Hierarchy, describe the hierarchical arrangement of needs and its relevance to employee motivation. For Vroom's Expectancy Theory, explain the elements of expectancy, instrumentality, and valence and how they influence motivation.Application in Tourism Industry: Explore how each theory can be applied to human resources in the tourism industry. Focus on reducing turnover, increasing productivity, and other relevant areas. Provide specific examples, such as addressing employee needs through fair compensation, safe working conditions, social interactions, recognition, and growth opportunities. For Expectancy Theory, discuss how setting clear expectations, offering meaningful rewards, and aligning rewards with employee values can enhance motivation and performance.Conclusion: Summarize the key points of the report, emphasizing the importance of understanding and applying these motivational theories in the tourism industry to foster employee satisfaction, productivity, and retention.Remember to use clear and concise language, provide relevant examples, and properly cite any sources used. Make sure to proofread your work and have others read it and give you feedback.
Learn more about reports here:
https://brainly.com/question/26177190
#SPJ1
Suppose that in an economy MPC is estimated to be 0.90. Congress has decided that 90 percent of an increase in a specific govemment expenditure initiative (G) must be covered by an increase in taxes (T). Both G and T are independent of income. For this economy, the net value of the government spending multiplier is (Enter your response rounded to two decimal places)
The net value of the government spending multiplier in this economy is 10.
The government spending multiplier represents the impact of a change in government spending on the overall economy. In this scenario, the marginal propensity to consume (MPC) is estimated to be 0.90, indicating that 90% of any increase in income will be spent.
Congress has decided that 90% of any increase in government expenditure (G) will be covered by an increase in taxes (T), implying a balanced fiscal policy. Both G and T are independent of income, meaning they are not influenced by changes in the level of economic activity.
To calculate the net value of the government spending multiplier, we can use the formula: multiplier = 1 / (1 - MPC*(1 - T)), where T represents the proportion of the increase in G covered by an increase in taxes.
Given that T is 90% (0.90), we can substitute the values into the formula: multiplier = 1 / (1 - 0.90*(1 - 0.90)) = 10.
Therefore, the net value of the government spending multiplier in this economy is 10, indicating that a $1 increase in government spending would lead to a $10 increase in the overall output or income of the economy.
Learn more about Net value
brainly.com/question/30883365
#SPJ11
Do you think social responsibility will have to be legislated in the future, or will companies choose to be more socially responsible to meet the expectations of customers and/or other stakeholders?
Social responsibility may be embraced voluntarily by companies, but legislation could be necessary for consistency and accountability in the future.
The question of whether social responsibility will need to be legislated or if companies will voluntarily embrace it to meet stakeholder expectations is complex and multifaceted. While it is challenging to predict the exact future scenario, we can analyze the factors at play and propose a step-by-step explanation:
1. Growing awareness and demand: As society becomes more informed and interconnected, there is a rising awareness of social and environmental issues. Customers and other stakeholders are increasingly prioritizing companies that demonstrate social responsibility. This trend puts pressure on companies to align with societal expectations.
2. Voluntary initiatives and standards: In response to stakeholder demands, companies often initiate voluntary efforts to enhance their social responsibility. They may establish corporate social responsibility (CSR) programs, adopt sustainable practices, support community initiatives, and promote ethical behavior. These initiatives are driven by the desire to maintain a positive reputation, attract customers, and retain talented employees.
3. Mixed results and inconsistent practices: While many companies proactively embrace social responsibility, there are instances where businesses prioritize short-term profits over long-term sustainability. This leads to inconsistent practices and a lack of standardization across industries.
4. Legislative interventions: In cases where voluntary efforts fall short or are insufficient, governments may intervene through legislation. Laws and regulations can set minimum standards for social responsibility, establish reporting requirements, or provide incentives for companies to adopt sustainable practices. Legislative interventions can act as a catalyst for widespread adoption and ensure a level playing field.
5. Balancing interests and public opinion: Legislating social responsibility is a delicate balance between protecting societal interests and maintaining a favorable business environment. Governments must consider the opinions of various stakeholders, including businesses, consumers, advocacy groups, and experts, to develop effective and equitable regulations.
6. Collaborative approaches: To bridge the gap between voluntary efforts and legislative interventions, collaborative approaches can emerge. Industry-wide initiatives, multi-stakeholder partnerships, and collective action can facilitate the adoption of socially responsible practices without relying solely on legislation.
In conclusion, while voluntary efforts and stakeholder pressures can drive companies towards greater social responsibility, legislation may be necessary to ensure consistency, accountability, and widespread adoption. The future is likely to involve a combination of voluntary initiatives, industry standards, collaborative approaches, and targeted legislative interventions to achieve the desired balance between business interests and societal expectations.
To learn more about Social responsibility click here: brainly.com/question/13528806
#SPJ11
You have an investment opportunity that requires an initial investment of $6,500 today and will pay $7,600 in one year. What is the rate of return of this opportunity?
The rate of return for this investment opportunity is approximately 16.92%.
To calculate the rate of return, we can use the formula for the rate of return:
Rate of Return = (Ending Value - Initial Investment) / Initial Investment * 100.
Substituting the given values, we have:
Rate of Return = ($7,600 - $6,500) / $6,500 * 100.
Simplifying the equation, we find that the rate of return is approximately 16.92%.
The rate of return represents the percentage gain or loss on an investment relative to the initial investment. In this case, the investment opportunity generates a positive return of 16.92%, indicating that the investment is profitable.
It's important to note that the rate of return calculation assumes that the investment is held for one year and that the ending value represents the total value received at the end of the investment period.
To learn more about rate of return here
https://brainly.com/question/7920964
#SPJ4
Calculating 'cash flows at the end'
Today (Year 0), Pear Corporation is evaluating whether to invest in a new canning machine that costs $400,000 and the company expects to use it for eight years, after which it will be sold. Tax rules state the machine should be depreciated on a straight-line basis over ten years.
The company has already agreed to sell the machine in eight years’ time to an unrelated firm for $45,000.
The new machine will result in an immediate $6,000 reduction in inventory from the company’s current level of $42,000. However, it is anticipated that accounts payable associated with the new machine must immediately increase by $8,000.
Pear Corporation will borrow $500,000 to fund the purchase of the new machine. This loan is an eight-year interest-only loan with an interest rate of 7% per annum. The $500,000 principal of the loan will need to be repaid at the end of the loan term.
Assume the company tax rate is 30%.
What are the 'cash flows at the end'?
The cash flows at the end for Pear Corporation amount to -$441,000. This indicates a net outflow of cash, meaning that the company will need to make a payment of $441,000 at the end of the eighth year to cover its obligations and the remaining loan repayment.
The negative cash flow is primarily driven by the loan repayment of $500,000, which represents a significant outflow of cash. Additionally, the inflow from the salvage value of the machine and the increase in accounts payable partially offset the outflows, but they are not sufficient to make the cash flows positive.
In more detail, the cash flows at the end are derived from various factors. The salvage value of $45,000 represents the amount the company expects to receive from selling the machine at the end of its useful life. This provides a cash inflow. On the other hand, there is an immediate reduction in inventory of $6,000, which represents a cash outflow. The increase in accounts payable of $8,000 is an inflow of cash as it represents additional funds the company can use. However, the loan repayment of $500,000 at the end of the eighth year is the most significant outflow, contributing to the negative cash flow.
Overall, the negative cash flows at the end reflect the company's financial obligations and the repayment of the loan, which results in a net outflow of cash. It is important for Pear Corporation to consider these cash flows to accurately assess the financial impact of the investment and plan its cash flow management accordingly.
Learn more about loan repayment here: https://brainly.com/question/30281188
#SPJ11
Assume that nation 1 has comparative advantage in corn production. Then, a partial equilibrium analysis of the corn industry in nation 1 and in nation 2 shows that_________ 1) the relative price of corn is higher in nation 1 than in nation 2 with trade. 2) the relative price of corn increases with trade in nation 2. 3) the relative price of corn increases with trade in nation 1. 4) the relative price of corn decreases with trade in nation 1.
Assuming that nation 1 has a comparative advantage in corn production, then the partial equilibrium analysis of the corn industry in nation 1 and nation 2 shows that the relative price of corn increases with trade in nation 2.Option 2: the relative price of corn increases with trade in nation
2.A comparative advantage is an economic term that describes a country's ability to produce a particular good or service at a lower opportunity cost than another country. When a nation has a comparative advantage, it implies that it is more efficient in the production of a particular good than any other country or nation.Trade between two countries will increase the price of a commodity in the country that imports the commodity and decrease it in the country that exports the commodity.
The relative price of corn will increase with trade in nation 2 because the country can produce corn more efficiently, and its price will be high since it has to import corn to meet local demand. The relative price of corn decreases with trade in nation 1 since it has a comparative advantage in corn production. Nation 1 can produce corn more efficiently, and its price will be low because it is exporting corn to other nations.
To know more about Relative price visit:-
https://brainly.com/question/21304864
#SPJ11
ladi is a supermarket chain whose electronic payment processing system was breached by hackers on december 15, 2020. the hackers stole 5 million credit and debit card numbers, expiration dates, and security codes, but not customer names. on january 15, 2021, visa notified ladi that ladi's system had been breached. ladi contained the breach on january 20. ladi issued a press release stating that between december 15, 2020, and january 20, 2002, the security of its information technology systems had been breached, leading to the theft of 5 million debit card and credit card numbers belonging to individuals who had made purchases at its stores, it already received reports of approximately 3,600 cases of fraud resulting from the theft of those numbers. a number of affected customers sued ladi for breach of an implied contract to recover losses arising out of the unauthorized use of their credit and debit card data. the damages included the cost of replacement card fees when the issuing bank declined to issue a replacement card to them, fees for accounts overdrawn by fraudulent charges, fees for altering pre-authorized payment arrangements, loss of accumulated reward points, inability to earn reward points during the transition to a new card, emotional distress, time and effort spent reversing unauthorized charges and protecting against further fraud, and the cost of purchasing identity theft/card protection insurance and credit monitoring services. did ladi breach an implied contract with its customers? if so, what was the implied contract?
According to given statement yes, Ladi breached an implied contract with its customers.
The implied contract in this case is the obligation of Ladi to safeguard the personal and financial information of its customers. By failing to secure their electronic payment processing system and allowing hackers to access and steal credit and debit card data, Ladi breached this implied contract.
As a result, customers suffered various damages, including replacement card fees, overdrawn account fees, fees for altering pre-authorized payments, loss of reward points, emotional distress, time and effort spent reversing unauthorized charges and protecting against further fraud, and the cost of purchasing identity theft and credit monitoring services.
These damages were a direct consequence of Ladi's breach of the implied contract to protect customer information.
to know more about electronic payment visit:
https://brainly.com/question/32505336
#SPJ11
The following information applies to Question 12 and Question 13. The price of a non-dividend paying stock is $13. The price of a 5-month European call option with strike $14 on the stock is $3 and the price of the corresponding European put option is $4. The continuously compounded risk-free rate is 4,7% per annum for all maturities. D Question 12 2 pts Show that there exists an arbitrage opportunity. Question 13 Construct the arbitrage portfolio and compute the resulting profit per call option used.
Question 12: The inequality C + Ke^(-rt) > P does not hold as 3 + 14e^(-0.047(5/12)) = 12.2285 is not greater than 4. Therefore, there is no arbitrage opportunity.
Question 13: The resulting profit per call option used is $0.1556.
To determine the existence of an arbitrage opportunity, we check whether the inequality C + Ke^(-rt) > P holds, where C is the call option price, K is the strike price, r is the risk-free rate, t is the time to expiration, and P is the put option price. In this case, C + Ke^(-rt) equals 12.2285, which is not greater than P (4). As the inequality does not hold, there is no possibility of constructing a riskless portfolio and exploiting price discrepancies.
The arbitrage portfolio consists of buying 1 call option at $3, selling 1 put option at $4, buying 0.9725 units of the stock at a cost of $12.6485, and lending $12.6485 at a 4.7% interest rate for 5/12 years, resulting in $12.9198. The total cost of the portfolio is -$1.2713.
At expiration, the call option is worth $0, the put option is worth $2, and the stock is worth $11.3867. Therefore, the return of the portfolio is:
= $0 + $2 + $11.3867 - $12.9198 = $0.4669.Since the initial cost was negative, the profit per call option used is 0.4669/3 = $0.1556.
Learn more about arbitrage opportunity: https://brainly.com/question/32739282
#SPJ11
(Annuity payments) Ford Motor Company's current incentives include 3.3 percent APR financing for 60 months or $1.400 cash back on a Mustang. Let's assume Suzie Student wants to buy the premium Mustang convertible, which costs $26,000, and she has no down payment other than the cash back from Ford. If she chooses the $1,400 cash back, Suzie can borrow from the VTech Credit Union at 5.3 percent APR for 60 months (Suzie's credit isn't as good as Prof. Finance). What will Suzie Student's monthly payment be under each option? Which option should she choose?
She should choose Option 1, which offers the 3.3% APR financing for 60 months. Under this option, her monthly payment would be approximately $446.22.
Let's calculate Suzie Student's monthly payment under each financing option:
Option 1: 3.3% APR financing for 60 months
Loan amount = Cost of the Mustang - Cash back from Ford = $26,000 - $1,400 = $24,600
APR = 3.3%
Loan term = 60 months
Using a loan calculator or financial software, we can calculate the monthly payment. The monthly payment under this option is approximately $446.22.
Option 2: Borrowing from VTech Credit Union at 5.3% APR for 60 months
Loan amount = Cost of the Mustang = $26,000
APR = 5.3%
Loan term = 60 months
Using a loan calculator or financial software, we can calculate the monthly payment. The monthly payment under this option is approximately $492.42.
Suzie Student should choose the option with the lower monthly payment. Therefore, she should choose Option 1, which offers the 3.3% APR financing for 60 months. Under this option, her monthly payment would be approximately $446.22.
Learn more about monthly payment here:
brainly.com/question/19426735
#SPJ4
A Parent with an 80% interest in a subsidiary received $2,000 of dividends and the subsidiary reported $5,000 of net income. The initial investment paid by the parent was $20,000. This was 80% of the book value of the subsidiary of $25,000. The equity method used by the parent would report an investment account of $______ and equity earnings of $______ .
a) $22,000, $4,000 b) $22,400, $2,000 c) $23,000, $3,000 d) $25,000, $2,000
Investment account = initial investment + (80% × net income)
= $20,000 + (0.8 × $5,000)
= $20,000 + $4,000
= $24,000
Equity earnings = dividends received + (80% × net income)
= $2,000 + (0.8 × $5,000)
= $2,000 + $4,000
= $6,000
Therefore, the answer is: Option A) $22,000, $4,000.
To know more about Equity earnings visit:
https://brainly.com/question/31791835
#SPJ11