Apart from increasing the pay of employees, companies or bosses are also trying to improve job attitudes in other ways.
Providing employee recognition programs: This is one of the ways companies or bosses are trying to improve job attitudes. By providing employee recognition programs, companies or bosses are rewarding employees for their hard work and contribution to the company.
Training and development: This is another way companies or bosses are trying to improve job attitudes. By providing employees with training and development opportunities, the company is investing in their employees’ growth and development. This helps employees feel valued and engaged, and they are likely to stay with the company longer because they see a future with the company.
In my previous job, my boss provided recognition programs by awarding employees with gift cards and bonuses. This helped to boost morale and made me feel appreciated. My boss also provided training opportunities that helped me to improve my skills and perform better on the job.
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Using appropriate examples and microeconomic
illustrations, discuss the impact of COVID19 on demand of corn in
Ghana?.
The COVID-19 pandemic has had significant impacts on various sectors of the economy worldwide. Ghana, like many other African countries, relies heavily on agriculture as its primary source of livelihood.
The country has a significant number of maize farmers, making corn a staple food in the country. In this article, we will examine the impact of on the demand for corn in Ghana.
The pandemic has disrupted supply chains and led to food shortages worldwide. In Ghana, this disruption has led to a decrease in corn imports, which has had a significant impact on the demand for locally grown corn. In Ghana, restrictions on movement and gatherings have significantly impacted the demand for food products. The closure of restaurants and other food establishments has led to a decline in the demand for corn.
In conclusion, pandemic has had significant impacts on the demand for corn in Ghana. The restrictions on movement and gatherings have led to a decline in demand for food products, while the decrease in income and unemployment rates have resulted in a decrease in purchasing power.
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Describe and explain briefly the operating environment of a giant automotive company and the purposes of inventory within this environment.
Describe the JIT and just-in-case concepts of manufacturing inventory management.
What problems are associated with the application of the JIT concept at General Motors? Is JIT a practical approach for General Motors?
Case Study: Missing Link
Excess capacity, foreign competition, and national recession have forced automotive giant General Motors (GM) to tighten its belt and to engage in broad restructuring with no end in sight. As a consequence, thousands of General Motors’ employees and thousands more of its suppliers’ employees have lost their jobs. To make matters worse for autoworkers, GM has recently announced a radical step regarding parts acquisition: all GM purchase contracts for components are open for negotiation. What makes this even scarier for auto workers is that notification of this shift in policy went to GM’s own parts operations. This means that all suppliers, including GM’s captive units, must clearly compete on the same terms. Thus, GM workers fear the loss of many more jobs to outside (especially foreign) sources.
Already facing GM’s plan to close its tool-and-die shop and lay off 250 employees, disgruntled workers at the Godstown stamping plant reacted to the news about parts contracts with a strike. Feeling their efforts to help cut costs and improve efficiency had brought them not direct benefits, all 2500 union members at the Godstown plant walked. The workers were prepared to concede earlier job losses, but their persistent anger against outside sources has made the most recent plans intolerable. Expecting that matters will only worsen if they continue to concede, the workers are prepared to show they still have clout.
Within the current scope of GM’s operations, the Godstown workers are apparently right. Twenty-five hundred Godstown workers may have walked, but almost 43,000 workers are left idle. Due to shortages of key parts manufactured at Godstown, the impact of the strike has already spread to nine of the twelve GM plants that Godstown serves. The Jupiter plant, manufacturer of GM’s bets-selling new model, shut down only one day after the Godstown strike started. Eight other GM plants (which build vans, compacts, and luxury cars) did not last a week. The impact has been so quick due to GM JIT inventory management in which plants keep only enough parts on hand to meet immediate production needs.
General Motors looks vulnerable to the effects of the strike. The company refuses to back away from its restructuring plans, but realizes at some point it must restart operations. Its Jupiter plant has a heavy backlog of orders, and company-wide after-tax losses from the strike are estimated at $50 million a week. The crippling effects of the strike are reopening many issues which have troubled GM’s broad cost-cutting program. The Godstown strike is forcing GM to reexamine all the links in its chain.
The operating environment of a giant automotive company includes several external factors such as competition, regulatory requirements, market demand, economic trends, and supplier reliability. Inventory is a critical element within this environment as it enables a company to operate efficiently and meet customer demand. The purpose of inventory management is to minimize carrying costs while ensuring that the right level of stock is maintained to support production.
The JIT (Just-In-Time) concept of manufacturing inventory management involves the timely delivery of parts and materials to a production facility only when they are required. This helps to reduce inventory costs and waste. The just-in-case concept, on the other hand, involves maintaining a buffer stock of materials and parts to meet unexpected demand or supply chain disruptions.
General Motors faced several problems in implementing the JIT concept due to its complex supply chain and fragmented production facilities. The company was also heavily dependent on suppliers for critical parts and components, which made it difficult to implement a JIT system. Additionally, the company's production facilities were not always equipped to handle changes in production schedules or unexpected changes in demand.
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Analyse the risks and benefits of the public debt using the
appropriate modelling framework. The answer must be based on Burda
& Wyplosz (2009), Mishkin (2013), and Bowdler & Esteves
(2013).
Public debt is the amount of money that is owed by a government to its creditors. When a government takes on public debt, it is taking on an obligation to pay back the borrowed funds at a later date with interest. This can have both risks and benefits for a country, depending on how the debt is managed and used. The risks of public debt can include a number of factors.
One of the main risks is that if the debt burden becomes too large, it can lead to a sovereign debt crisis. This occurs when a government is no longer able to service its debt obligations and is forced to default on its loans. This can lead to a number of negative consequences, including higher interest rates, inflation, and a loss of confidence in the government's ability to manage its finances.
This can help to stimulate the economy and reduce unemployment. In conclusion, the risks and benefits of public debt depend on how it is managed and used. While excessive debt can lead to a number of negative consequences, if it is used wisely, it can be a valuable tool for promoting economic growth and social welfare.
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Reflection on the Live Client Project (25 marks - 5% of course grade) for Ukraine relief organisation
Part A - What were the three most important lessons that you learned from the live client project?
Part B - Why were each of these lessons most important to you?
Part C - How can you apply these lessons to your future employment?
Minimum expected length – 2 pages (excluding a cover page and if there is a page with references)
Marking guidelines – A content (5 marks), B content (5 marks), C content (5 marks), professional writing including spelling, grammar, capitalization, etc. (5 marks), format including APA 7th edition for in-text citations and references (
Title: Reflection on the Live Client Project for Ukraine Relief Organisation
Introduction:
The live client project I participated in, working with a Ukraine relief organisation, provided me with valuable insights and experiences that will shape my future career. This reflection focuses on the three most important lessons I learned throughout the project, why they hold significance to me, and how I can apply them to my future employment.
Part A: Three Important Lessons
Importance of Collaboration and Communication:
The first crucial lesson I learned from the live client project was the significance of effective collaboration and communication within a team. Working with individuals from diverse backgrounds and areas of expertise, it became clear that the successful completion of tasks relied on open lines of communication and seamless coordination. Regular meetings, sharing updates, and actively listening to team members' perspectives fostered a cohesive work environment, resulting in increased productivity and a higher quality of work.
Adaptability in the Face of Uncertainty:
The second important lesson I learned was the need for adaptability when confronted with unpredictable circumstances. Throughout the project, we encountered unexpected challenges, such as sudden changes in project requirements and limited resources. It became evident that flexibility and a solution-oriented mindset were vital for overcoming these obstacles. By embracing change, thinking creatively, and quickly adjusting our strategies, we were able to navigate uncertainties and deliver satisfactory outcomes.
Client-Centric Approach:
The third key lesson I learned was the importance of maintaining a client-centric approach throughout the project. Our primary objective was to address the relief organization's needs and provide them with tangible solutions. By actively seeking feedback, understanding their expectations, and aligning our work with their goals, we were able to develop deliverables that met their requirements effectively. This lesson highlighted the significance of client satisfaction, as it fosters trust, strengthens relationships, and leads to successful project outcomes.
Part B: Importance of Each Lesson
Collaboration and Communication:
Effective collaboration and communication are crucial skills in any professional setting. By understanding the significance of teamwork and cultivating strong communication channels, I can foster positive relationships with colleagues, clients, and stakeholders. This lesson is important to me because it emphasizes the value of active listening, empathy, and adaptability when working in a team. These skills will enable me to contribute effectively to collaborative projects and build a supportive work environment.
Adaptability in the Face of Uncertainty:
In today's rapidly changing world, adaptability is fundamental to professional success. This lesson is important to me as it taught me the resilience needed to overcome unforeseen challenges. Embracing change and proactively seeking solutions will allow me to thrive in dynamic work environments and tackle unexpected obstacles with confidence. By applying this lesson, I can navigate future uncertainties and help organizations effectively respond to evolving circumstances.
Client-Centric Approach:
Putting the client's needs at the forefront of any project is a crucial aspect of achieving success. This lesson is significant to me as it emphasizes the importance of understanding the client's perspective, actively engaging in their feedback, and tailoring solutions accordingly. By adopting a client-centric approach in my future employment, I can build strong client relationships, deliver exceptional service, and contribute to the overall growth and success of the organizations I work with.
Part C: Applying the Lessons to Future Employment
The lessons learned from the live client project have provided a solid foundation for my future employment. To apply these lessons effectively, I will:
Actively seek opportunities for collaboration and establish open lines of communication within my teams. By fostering a supportive work environment, I can enhance productivity, creativity, and overall team performance.
Embrace uncertainty and be adaptable in the face of challenges. I will develop a mindset that embraces change, proactively seeks innovative solutions, and approaches unexpected situations with resilience. This will allow me to navigate uncertainties.
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The following information was extracted from the books of KASTA Business on 31 December Additional information: (i) Withdrawal of RM5,000 from bank account has not been recorded. (ii) Advertising expenses RM65,000 were outstanding. (iii) All non-current assets are depreciated at 30% per annum, using reducing balance method. (v) Closing Inventory RM84,300 fully counted on 31 December. Required: Show all your working. (a) Prepare the Income Statement for the year ended 31 December 2021, and (b) the Balance Sheet as at 31 December 2021 .
The bank balance has been shown as RM 10,000 and not RM 5,000.
Part (a) Income Statement for the year ended on December 31, 2021 Particulars RM Revenue 700,000 Cost of goods sold Opening inventory 125,500 Add Purchases (10,11,12)500,000
Less Closing inventory (84,300)541,200 Gross profit 158,800 Less Operating expenses Advertising expense65,000Depreciation expense [(400,000 - 40,000) × 30%]108,000173,000 Net income before taxation(14,200) Less Taxation Nil Net Income(14,200)
Note: Non-current asset of RM 40,000 is subtracted to determine the book value of the non-current asset on which depreciation is applied.
Part (b) Balance Sheet as at December 31, 2021 Liabilities RM Assets RM Current liabilities Accounts payable 125,500 Outstanding Advertising expense 65,000190,500Non-current liabilities Long-term loan200,000
Total liabilities390,500 Current assets Inventory 84,300 Accounts receivable95,000 Bank balance 10,000189,300
Non-current assets Property, plant, and equipment 40,000 Less Accumulated depreciation(108,000)32,000
Total assets221,300Total liabilities and equity611,800
Note: The withdrawal of RM 5,000 from the bank account has not been recorded. Thus, the bank balance has been shown as RM 10,000 and not RM 5,000.
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with an increase in abstract, idealistic, and logical reasoning, adolescents demonstrate an increase in _______ behaviors.
With an increase in abstract, idealistic, and logical reasoning, adolescents demonstrate an increase in prosocial behaviors. Prosocial behaviors refer to actions and behaviors that are intended to benefit others or society as a whole, rather than focusing solely on one's self-interest.
During adolescence, individuals undergo significant cognitive and socioemotional development, which includes the advancement of abstract and logical thinking. As adolescents develop the ability to think hypothetically and consider multiple perspectives, they also start to demonstrate an increased capacity for empathy, moral reasoning, and understanding of social norms.
This cognitive growth and maturation contribute to the development of prosocial behaviors, which are actions intended to benefit others or society as a whole. Adolescents become more capable of understanding the consequences of their actions and recognizing the importance of cooperation, empathy, and moral values. They may engage in behaviors such as volunteering, helping others, displaying empathy, and demonstrating acts of kindness.
It is important to note that while many adolescents exhibit an increase in prosocial behaviors, individual differences exist, and external factors such as cultural influences and socialization play a role in shaping behavior during this developmental stage.
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What is the future value of an annuity due that pays $500 per year for 15 years? Use an annual interest rate of 7.00%. $12,564 $14,163 $14,342 $13,444 $14,110
An annuity is an investment made over time, where a fixed payment is paid in regularly at a fixed frequency of the compounding period. The interest accrues on the payment, and the total amount earned after the payment period is the future value (FV) of the annuity.
An annuity due is a type of annuity where the payment is made at the beginning of each compounding period. The future value of an annuity due is calculated using the formula given below:
FV = P * [(1 + i)^(n+1) - 1] / i Here, P is the regular payment made at the beginning of each period, i is the interest rate per period, and n is the number of compounding periods. Let us now substitute the given values into the formula:
FV = $500 * [(1 + 0.07)^(15+1) - 1] / 0.07FV = $500 * (1.07^16 - 1) / 0.07FV = $500 * (4.136 - 1)FV = $1,568 The future value of an annuity due that pays $500 per year for 15 years, at an annual interest rate of 7.00% is $1,568.
Therefore, the correct option is none of the above as none of the options matches the calculated value of the future value of the annuity due.
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An important component of this course is providing you with a challenge to learn about (researching) and develop a solution to a problem that has not been covered in class. This is what happens every day in the real world. New problems pop up and the manager has to get as much information as possible about the problem (research) and then develop a solution to the problem- usually in a short period of time. Because there is a lot of material to be covered in this class and we had to spend the first two weeks refreshing our knowledge of basic accounting, we will combine the course project with an important textbook chapter that we did not have time to cover in class. Chapter 18. International Aspects of Financial Management After you have reviewed Chapter 18, go to the end of the chapter and read the case on page 615 - S&S Air Goes International Carefully work through the analysis of the company’s decision by answering the questions at the end of the case. and prepare a report to management. State your recommendations and explain clearly why you are making each recommendation. Make use of a database available through the LIRN system to discuss foreign exchange issues. Include this as a reference.
This report looks at the situation where S&S Air wants to expand their business overseas. One want to look at the company's situation and suggest how they can expand to other countries.
What is the solution to a problemS&S Air is thinking about expanding to other countries because of some reasons. We will look at how this decision might help us or hurt us, including what it will cost, how it will work, and how it fits into our long-term plans.
Foreign exchange is very important for businesses that expand globally. We will talk about how money from different countries affects S&S Air and how changes in exchange rates might affect how much money they make and how much they have available to spend.
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Which of the following is a focus for microeconomics? Inflation Unemployment GDP Household decisions
Microeconomics is the field of economics that studies how individuals, households, and firms make decisions concerning the allocation of resources, as well as how they interact in markets. It is a part of economics that focuses on the economic behavior and actions of individual consumers, households, businesses, and industries and their impact on the economy.
The primary focus of microeconomics is on the demand and supply of goods and services in the market. It also looks at how households and businesses make decisions regarding the allocation of resources. In other words, it focuses on the small-scale economy and individual economic actors, including individual consumers and producers. The study of microeconomics seeks to understand the behavior of individuals and organizations in response to changes in the availability of resources and the demand for goods and services.
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Branch Corp. uses a standard cost system to account for the costs of its one product. Variable overhead is applied using oirect labor hours. Standards allowed for each unit are 2.9 hous of iabor at a variable overhead rate of $10. During November, Eranch Corp produced 2,250 units. Payroll totaled $97790 for 7140 hours worked. Variable overhead incurfed totaled $73,630. a. Calcialife the variable overhead rate vanance (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavoroble", or "None" for no effect (i.e., zero variance).) b. Calculate the variable overhead efficiency variance. findicate the effect of variance by selecting "Fovorable", "Untavorable", or "None" for no effect (i.e., zero variencel)
Standard cost accounting is a costing method in which standards or predetermined costs are set for different activities or processes. The method is a tool for planning and control. Standard cost accounting is widely used in manufacturing companies that produce large quantities of homogeneous products.
Variable overhead efficiency variance measures the impact of actual production on variable overhead cost. Variable overhead efficiency variance = (Actual hours worked − Standard hours allowed) × Standard variable overhead rate Variable overhead efficiency variance = (7140 − (2.9 × 2250)) × $10 Variable overhead efficiency variance
= $11,250
Favorable variable overhead efficiency variance of $11,250 indicates that less time was taken by workers to complete the actual production as compared to the standard time. Therefore, the actual variable overhead cost was lower than the standard variable overhead cost, which is favorable for the company.
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For 2012, the New Products Division, of Testar Company, had operating income of $9,600,000 and operating assets of $46,400,000. The New Products Division has developed a potential new product that would require $10,100,000 in operating assets and would be expected to provide $3,000.000 in operating income each year. Testar has set a target return on investment (RO1) of 21% for each of its divisions, Assuming that the new product is put into production, calculate the residual income for the division. Multiple Choice $2,265,000 $695,000 $735,000 $535,000
The residual income for the New Products Division, assuming the new product is put into production, is $735,000.
Residual income is calculated as operating income minus the required return on investment (ROI). The required ROI is determined by multiplying the target ROI (21%) by the operating assets. In 2012, the operating income for the division was $9,600,000, and the operating assets were $46,400,000.
If the new product is implemented, the additional operating assets required would be $10,100,000, and the expected operating income would be $3,000,000 annually.
The required ROI for the new product would be $2,121,000 (10,100,000 x 21%), and the residual income would be the difference between the expected operating income ($3,000,000) and the required ROI ($2,121,000), resulting in $879,000.
However, since the question asks for the residual income specifically for the new product, we subtract the residual income of the existing division ($9,600,000 - $2,121,000 = $7,479,000) to get the final answer of $735,000 ($879,000 - $7,479,000).
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Davis Industries had $125,000 in Sales and reported a $75,000 profit in its annual report to shareholders. According to CVP analysis prepared for management’s use, $125,000 in sales is the break even point for the company. Did the company’s inventory level increase, decrease or remain unchanged? Please explain.
We are unable to identify whether the company's inventory level increased, decreased, or stayed the same based on the information supplied.
The information provided does not include any precise information on the inventory purchases, sales, or changes in inventory levels, which is the reason.Sales of $125,000 and a reported profit of $75,000 for the business show that sales outpaced expenditures and expenses, generating a profit. The inventory level has not altered, nevertheless, based only on this information.We would need additional data, such as the cost of products sold, the initial and ending inventory balances, and any new purchases or sales made throughout the time, in order to calculate the impact on inventory. Using this information, we might determine the inventory turnover and determine if
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Distinguish between the Active style and Passive style Investing and provide your insight on which approach is appropriate considering different Investor profiles with different risk appetites. Use relevant examples to demonstrate your understanding of different strategies under active and passive investing.
Active style investing is a strategy in which investors aim to outperform the market by investing in individual stocks, sectors, or asset classes. Passive style investing is a strategy in which investors aim to match the returns of the market as a whole by investing in a diversified portfolio of stocks.
Active style and Passive style Investing are the two major approaches to investing in the stock market.
Active investing strategies include:
1. Value Investing: This strategy involves buying undervalued stocks that are expected to appreciate in value over time. Value investors believe that the market sometimes undervalues stocks, providing opportunities to buy high-quality companies at a discount.
2. Growth Investing: Growth investors look for stocks that have the potential to grow at a faster rate than the overall market. They may invest in companies that have high earnings growth, expanding profit margins, or other positive attributes that suggest future growth.
3. Momentum Investing: Momentum investors buy stocks that have recently experienced positive momentum in the market. They believe that stocks that have been trending upward recently will continue to do so for some time.
Passive investing strategies include:
1. Index Investing: This strategy involves investing in an index fund or ETF that tracks a particular market index, such as the S&P 500. Index funds offer low fees and are highly diversified, which makes them an excellent choice for long-term investors.
2. Buy-and-Hold Investing: This strategy involves buying stocks and holding onto them for a long time, typically at least five years. This approach allows investors to benefit from the long-term growth of the stock market.
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a country that introduces a currency board commits itself to converting its domestic currency on demand into another currency at a fixed exchange rate. a) true b) false
The statement is true. A currency board is a monetary system in which a country's domestic currency is fixed to another currency at a specified exchange rate.
The central bank of the country that implements a currency board system commits itself to maintaining the fixed exchange rate by backing its domestic currency with foreign reserves, typically in the currency to which it is fixed. Under a currency board arrangement, the central bank is legally obligated to convert the domestic currency into the specified foreign currency at the fixed exchange rate upon demand. This commitment provides a high degree of confidence and stability in the exchange rate, as it ensures that the domestic currency can always be converted at the predetermined rate.
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a guaranty, or promise, to pay the debts or settle the wrongdoings of another if he or she does not make settlement personally is always enforceable even if it is not written. true false
False. a guaranty, or promise, to pay the debts or settle the wrongdoings of another if he or she does not make settlement personally is always enforceable even if it is not written
While the enforceability of a guaranty or promise to pay the debts or settle the wrongdoings of another can vary depending on the jurisdiction and specific circumstances, it is generally not true that such a guaranty is always enforceable even if it is not written. Many legal systems require certain agreements, including guarantees, to be in writing to be enforceable. This is often done to ensure clarity, prevent disputes, and protect the rights of the parties involved. However, it is important to consult the specific laws and regulations applicable in a particular jurisdiction to determine the enforceability of a guaranty, as they can vary.
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Describe the difference between the current ratio and the acid test ratio. Which one do you think is more useful and why?
Current ratio and acid test ratio are both liquidity ratios that are used to determine a company's ability to pay off its current liabilities using its current assets. Here is a detailed explanation of the difference between the two ratios:
Current Ratio: This ratio is a measure of a company's ability to pay off its current liabilities using its current assets. It is calculated by dividing the company's current assets by its current liabilities. The current ratio measures the company's overall liquidity, including its inventory and prepaid expenses. It is expressed as a decimal or a ratio. A current ratio of 1:1 or above is generally considered healthy.
The Acid Test Ratio: The acid test ratio is a measure of a company's ability to pay off its current liabilities using its most liquid assets. It is calculated by dividing the company's current assets minus inventory and prepaid expenses by its current liabilities. This ratio is also known as the quick ratio or the liquid ratio. The acid test ratio is more conservative than the current ratio since it excludes inventory and prepaid expenses from current assets, which are not as liquid. A quick ratio of 1:1 or above is generally considered healthy. The acid test ratio is more useful than the current ratio in determining a company's short-term liquidity. The acid test ratio measures a company's ability to meet its short-term obligations using its most liquid assets. This ratio is a more conservative measure of a company's liquidity since it only takes into account its most liquid assets.
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A firm has total assets worth $54,000. It has borrowed $9,000 at
10.0%. If its WACC is 15.0%, what is the firm's cost of (levered)
equity capital?
The given parameters areTotal assets worth $54,000 borrowed $9,000 at 10.0%.The firm's WACC is 15.0%.Let the firm's cost of equity capital be ‘E'.The formula to calculate WACC is:WACC = (E/V) × Re + (D/V) × Rd × (1 - Tc)WhereE = Market value of equityV = Total market value of the firm (Debt + Equity)D = Market value of debtRe = Cost of equityRd = Cost of debtTc = Corporate tax rate
We can calculate E/V and D/V as follows:E/V = Market value of equity / Total market value of the firm (Debt + Equity) = E / (D + E)D/V = Market value of debt / Total market value of the firm (Debt + Equity) = D / (D + E)Given,
Total assets = $54,000Debt = $9,000Equity = Total assets - Debt = $54,000 - $9,000 = $45,000E/V = E / (D + E) = $45,000 / ($9,000 + $45,000) = 0.833D/V = D / (D + E) = $9,000 / ($9,000 + $45,000) = 0.167Given,WACC = 15%E/V = 0.833Re = ?D/V = 0.167Rd = 10.0%Tc = 0Substitute the values in the formulaWACC = (E/V) × Re + (D/V) × Rd × (1 - Tc)15% = 0.833E + 0.167(10%) × (1 - 0)0.15 = 0.833ERe = (15% - 0.167(10%)) / 0.833Re = 15.01%Thus, the firm's cost of (levered) equity capital is 15.01%.
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Briefly explain the issue short-sellers had with GameStop (GME).
What happened to GameStop stock, and why the stock continues to
trade for more than its intrinsic value?
The issue short-sellers had with GameStop (GME) is that they bet against the stock and hoped to make a profit when the stock price went down.
A group of Reddit users on the subreddit WallStreetBets discovered that GameStop had a high amount of short interest, meaning many investors had bet against the company. They saw an opportunity to buy the stock and drive up the price, known as a short squeeze.
The short squeeze caused the stock price to skyrocket from around $20 per share to over $400 per share in just a few weeks. This increase in price was not due to any fundamental changes in the company's performance, but rather the result of a speculative buying frenzy driven by online communities like WallStreet Bets.
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Total Quality Management (TQM) is a concept that was developed in Japan. When implemented correctly, the system can improve an organisation's reputation. Windhoek Car Manufacturers ("WCM") is a newly established car manufacturing company in Namibia. The following information has been collected for the company from the most recent quarter and the directors are keen to penetrate the car manufacturing business through building a strong reputation.
Implementing TQM can help WCM in Namibia build a strong reputation by ensuring high-quality, reliable, and safe vehicles, differentiating itself in the auto manufacturing industry.
The goal of total quality management (TQM), a management strategy, is to continuously raise the standard of an organization's goods, services, and operations. Windhoek Car Manufacturers (WCM) in Namibia may establish a solid reputation in the auto manufacturing industry by implementing TQM. WCM can make sure that its cars meet or exceed customer expectations by putting a strong emphasis on quality control, customer satisfaction, and ongoing improvement. This dedication to excellence will improve the business's reputation and inspire clients' confidence and trust. By continuously providing high-quality, dependable, and safe automobiles, WCM can set itself apart from rivals and develop a solid reputation and brand in Namibia's auto manufacturing sector.
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list six aids to trade
Mickey Mouse Co. purchased equipment on January 1, 2019, at a cost of $50,000. Depreciation for 2019 and 2020 was based on an estimated 10 -year life and $5,000 estimated residual value. The company uses the straight-line method of depreciation and records any partial-year depreciation based on the number of months the asset is in service. In 2021, Mickey Mouse Co. revised its depreciation estimate and now believes the equipment will have a total service life of 7 years & a residual value of $4,000. Required: Calculate the depreciation for 2021 on the worksheet, then prepare the journal entry to record the 2021 depreciation, in good form. ≫ To indent an account in this general journal, use 3 periods before the account. Example: ...Buildings (1 point reduction for not indenting appropriately.)« Requirement Calcuate the depreciation expense for 2021 .
Given Data: Purchased Equipment cost = $50,000
Estimated Life of the equipment = 10 years
Estimated Residual value = $5,000Straight-line Depreciation Method
The equipment was purchased on January 1, 2019.The depreciation of the equipment is recorded based on the number of months the asset is in service. In 2021, Mickey Mouse Co. revised its depreciation estimate and now believes the equipment will have a total service life of 7 years & a residual value of $4,000.The calculation of depreciation is based on the following formula:
Depreciation Expense = (Asset cost - Residual value) / Life in years
Depreciation Expense for 2019 & 2020
The depreciation expense for 2019 and 2020 can be calculated by using the given formula:
Depreciation Expense = (Asset cost - Residual value) / Life in years
Depreciation Expense for 2019 and 2020 = (50000 - 5000) / 10= $4500 per year
Depreciation Expense for 2021Since the company revised its depreciation estimate and believes that the equipment will have a total service life of 7 years, we will need to calculate the annual depreciation rate, using the same formula:
Annual Depreciation Expense = (Asset cost - Residual value) / Life in years
Annual Depreciation Expense = (50000 - 4000) / 7= $6428.57
Depreciation for the year 2021 will be calculated as follows:
Depreciation expense for 2021 = Annual Depreciation Expense * Number of months the asset is in service/ 12
Depreciation Expense for 2021 = $6428.57 * 12/12 = $6428.57
To record the depreciation expense in the books of accounts of Mickey Mouse Co., we need to pass the journal entry accordingly. Journal entry for 2021:
Date Account Titles Debit Credit December 31, 2021
Depreciation Expense6,428.57
Accumulated Depreciation Equipment6,428.57
Explanation:
Depreciation expense for the year 2021 will be debited with $6,428.57 in the income statement.
Accumulated Depreciation Equipment account will be credited with the same amount in the balance sheet, to show the accumulated depreciation of the equipment.
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Which of the following constitute a private securities transaction, or selling away?
A registered representative executes a trade for a customer in securities of a type normally handled by the representative's broker-dealer.
A registered representative's sibling has some old bonds that the representative sells as a favor through a municipal securities broker.
A registered representative helps an old school friend issue securities for a small business under formation.
A registered representative helps an acquaintance sell some inherited stock certificates without the acquaintance becoming a customer of the firm.
A) III and IV
B) II and IV
C) I and III
D) I and II
A private securities transaction or selling away are financial activities carried out by a representative of a broker-dealer for the personal benefit of the representative or for the benefit of a person other than their employer.
They are subject to FINRA review. Given the options, the following constitute a private securities transaction, or selling away:Option B: II and IVExplanation:In option II, a registered representative's sibling has some old bonds that the representative sells as a favor through a municipal securities broker.
In this case, the registered representative facilitated the sale of bonds for a family member, which is a personal benefit and therefore constitutes selling away.Option IV, on the other hand, involves a registered representative helping an acquaintance sell some inherited stock certificates without the acquaintance becoming a customer of the firm.
The registered representative facilitated the sale of securities for a friend without the involvement of the firm. This is also an example of selling away and is a personal benefit. Thus, the answer is II and IV.
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what interest will be earned if $6400 is invested for 3 years at 12% compounded monthly? (round your answer to the nearest cent.)
The interest earned if $6400 is invested for 3 years at 12% compounded monthly is approximately $2703.44. To find the interest earned, we can use the formula for compound interest:
A = P(1 + r/n)^(nt) Where: A = the future value of the investment P = the principal amount (initial investment) r = annual interest rate (as a decimal) n = number of times interest is compounded per year t = number of years In this case, P = $6400, r = 12% (or 0.12 as a decimal), n = 12 (monthly compounding), and t = 3 years. Plugging in these values into the formula, we have: A = 6400(1 + 0.12/12)^(12*3) = 6400(1 + 0.01)^(36) = 6400(1.01)^(36) Using a calculator, we can find that (1.01)^36 ≈ 1.443618... So, A ≈ 6400 * 1.443618... ≈ 9230.76 Therefore, the interest earned if $6400 is invested for 3 years at 12% compounded monthly is approximately $2830.76.Remember to round this amount to the nearest cent, giving us an interest of approximately $2830.76.
To find the interest earned, we subtract the initial investment from the future value: Interest = A - P = 9230.76 - 6400 ≈ 2830.76 Rounding this to the nearest cent, the interest earned is approximately $2830.76. To calculate the interest earned if $6400 is invested for 3 years at 12% compounded monthly, we can use the formula for compound interest.
The formula is:A = P(1 + r/n)^(nt) Where: A is the future value of the investment, P is the principal amount (initial investment), r is the annual interest rate (expressed as a decimal), n is the number of times interest is compounded per year, and t is the number of years. In this case, the principal amount (P) is $6400, the annual interest rate (r) is 12% (or 0.12 as a decimal), the number of times interest is compounded per year (n) is 12 (since it is compounded monthly), and the number of years (t) is 3.
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Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $41,480,$37,820, and $34,160, respectively. Noncash assets are sold at a gain and allocated to the partners. After creditors are paid, $125,660 of cash is available for distribution to the partners. How much cash should be paid to Madson?
= 37,698As Madson's capital balance is 37,820 and he must be paid the cash of 37,698; he must receive 122 for the noncash assets sold
The total ratio is 5+3+2 = 10 Madson's ratio
= 3Total cash
= 125,660 Madson's share
= 3/10 * 125,660
= 37,698As Madson's capital balance is 37,820 and he must be paid the cash of 37,698; he must receive 122 for the noncash assets sold
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olsen's contract with archer obligated olsen to pay archer $10,000. archer properly assigns the contract to able. at that time, able notifies olsen about the assignment. olsen, however, forgets and pays the $10,000 to archer rather than able. by this time, able is screaming for his money. but then archer goes into bankruptcy. in this case: group of answer choices olsen is liable to able for $10,000. able is out of luck because olsen performed his obligation by paying archer. olsen is liable to able not for the $10,000, but for his breach of the implied warranty that the assignor is solvent. able is out of luck because his notification was oral rather than written.
In this case, Olsen is liable to Able for $10,000.
How is Olsen liable?Olsen is liable because in the original agreement, he was entitled to pay Able the sum of $10,000. Now, we hae a situation whereby a mistake occurred in the course of payment.
The fact that Olsen made a mistake in this regard does not absolve him of the eed to still pay Able the agreed sum. Thus we can coclude that Olsen is liable to pay Able the sum of $10,000.
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For self interest threat, self-review threat, self evaluation threat, familiarity threat and intimidation threat , suggest a safeguard that can be put in place to combat the threat identified.
Safeguard: Implement independent and objective oversight mechanisms such as external audits or reviews to mitigate the threats of self-interest, self-review, self-evaluation, familiarity, and intimidation in decision-making processes.
By involving independent third parties to assess and validate decisions, organizations can ensure that biases, conflicts of interest, or undue influence are minimized. External audits or reviews provide an objective perspective, enhancing transparency and accountability. They reduce the risk of individuals acting in their own self-interest or exerting undue pressure on decision-makers. This safeguard helps maintain integrity and objectivity in the evaluation and decision-making processes, enhancing trust and mitigating the identified threats.
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Suppose that the average stock has a volatility of 42%, and that the correlation between pairs of stocks is 15%. Estimate the volatility of an equally weighted portfolio with: a. 1 stock b. 30 stocks c. 1,000 stocks
The question requires us to estimate the volatility of an equally weighted portfolio with 1 stock, 30 stocks, and 1000 stocks given that the average stock has a volatility of 42%, and that the correlation between pairs of stocks is 15%.a.
a. Estimating the volatility of an equally weighted portfolio with 1 stock
For a portfolio with one stock, the volatility of the portfolio is simply the volatility of the stock. Thus, the volatility of the portfolio is 42%.
b. Estimating the volatility of an equally weighted portfolio with 30 stocks:
For a portfolio with 30 stocks, the formula for estimating the portfolio volatility is:
σportfolio = [(1/n) * σ12 + (1/n) * σ22 + ... + (1/n) * σn2 + (2/n(n-1))]1/2
Thus, we can write:
σportfolio = [(1/n) * σ2 + (1/n) * σ2 + ... + (1/n) * σ2 + (2/n(n-1))]1/2
σportfolio = [(n/n) * σ2 + (2/n(n-1))]1/2
σportfolio = [σ2 + (2/(30*29))]1/2
σportfolio = [σ2 + 0.0024]1/2
σportfolio = (σ2 + 0.0024)1/2
For a portfolio with 1,000 stocks, using the formula from the previous part, we can write:
σportfolio = [(1/n) * σ12 + (1/n) * σ22 + ... + (1/n) * σn2 + (2/n(n-1))]1/2
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Pottery Corporation sells many of its pottery overseas. The following transaction took place
On April 13, Pottery sold pottery planters to a company in Spain for €40,000 with payment due on June 15.
Also on April 13, Pottery entered into a 60 day forward contract to sell €40,000 at a forward rate of
€1 = 1.350. The forward contract is not designated as a hedge. The spot rates follow:
April 13 €1 = 1.343
June 15 €1 = 1.348
Required: Journal entries for the transactions.
The following are the journal entries for the transactions: Accounts Receivable (Spanish Company) as of April 13 Sales revenue of €40,000 was recorded (to account for the sale of pottery planters to the Spanish company) .
40,000 Euros in Forward Contract Liability Gain from a forward contract of €40,000 (to reflect the sale of the advance contract) On June 15, the following amounts were due: Cash €53,920 Accounts Receivable (Spanish Company) Gain on foreign exchange of €40,000: €13,920 (to record the receipt of cash from the Spanish company and the settlement of the forward contract) The first item generates an accounts receivable for the outstanding balance and recognises the revenue from the sale of clay planters to the Spanish company. The second item documents the selling of the forward contract, establishing a contract liability and recognising a gain. profit on the forward contract at its fair market price. The cash is increased by the amount received, the accounts receivable are decreased, and the foreign exchange gain is recognised on June 15, when the payment from the Spanish company is received and the forward contract is settled. The difference between the spot rate on June 15 and the forward rate is represented by the foreign exchange gain. Please be aware that the quantities are given in euros (€), and that the relevant amounts in the journal entries are determined using currency conversion rates.
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The four broad approaches to extending a product life cycle include modifying the product, modifying the market, developing a new produ Multiple Choice creating new use situations actvertising reposiboning line extensions finding fiew customers:
Product Life Cycle (PLC) refers to the stages that a product goes through in the market before it is eventually removed from the market.
There are four broad approaches to extending a product life cycle, and they include:
Modifying the product Modifying the market Developing a new product Finding new customers Line extension is one of the strategies used to modify a product's life cycle.
It involves creating new products that are related to an existing product.
The new product is similar to the original product but has some slight variations in features, attributes, or packaging. Line extensions can help to revitalize an old product and increase its sales and revenue.
Most times, line extensions are popular with fast-moving consumer goods (FMCGs), which are products that are frequently purchased and consumed by customers.
This strategy is effective because it helps to reduce the cost of production as the company can use the same production processes and equipment, which will lead to economies of scale.
Also, creating new use situations is another approach to extending a product life cycle.
A company can identify new uses for its product to increase its sales.
The company can research and identify new markets or new groups of customers that can benefit from the product.
Then, the company can develop a marketing strategy to promote the product to the new market or customers.
Additionally, the company can reposition the product to appeal to a new group of customers.
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the person who transfers his or her rights is known as the assignee; the third party to whom the rights are transferred is known as the assignor. true false
The person who transfers his or her rights is known as the assignee; the third party to whom the rights are transferred is known as the assignor. This statement is false.
The person who transfers his or her rights is known as the assignor, not the assignee. The assignor is the original owner of the rights who chooses to transfer or assign those rights to another party. The assignee, on the other hand, is the third party who receives or is assigned the rights.
When a person assigns their rights, they are essentially giving up or transferring their ownership or entitlement to someone else. This can occur in various legal contexts, such as contracts, intellectual property rights, or financial instruments.
For example, in a contract assignment, the assignor is the party who transfers their contractual rights and obligations to another party, known as the assignee. The assignee then assumes the rights and responsibilities under the contract, effectively stepping into the assignor's position. So, to clarify, the correct statement is:
The person who transfers his or her rights is known as the assignor; the third party to whom the rights are transferred is known as the assignee.
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