Charles owns a reverse convertible bond. At maturity, the principal amount will be repaid in "either cash or shares of stock" (option E).
A reverse convertible bond is a type of hybrid security that combines a traditional bond with a call option on an underlying asset, such as a stock. The bondholder receives regular interest payments during the term of the bond, but at maturity, the issuer may choose to repay the principal in either cash or shares of the underlying stock, depending on the terms of the bond. The decision to repay in cash or stock is typically based on the price of the underlying asset at the time of maturity.
Option E is answer.
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If Denise switched to a cafeteria-based benefits plan, she would:1. Require employees to get all of their benefits from external providers2. Allow employees to choose those benefits that are most important to them3. Drop vision and dental benefits for employees4. Eliminate nonmandatory benefits from the overall plan
If Denise switched to a cafeteria-based benefits plan, it would mean that employees would be given a set amount of money to use towards their benefits. This would allow employees to choose the benefits that are most important to them. Th ecorrect option is (2).
This is because a cafeteria-based plan offers a range of options for benefits, such as health insurance, life insurance, disability insurance, and retirement plans, among others.Cafeteria-based plans typically do not require employees to get all of their benefits from external providers. Instead, they allow employees to choose from a range of benefits offered by the employer or external providers.
In a cafeteria-based plan, there is no requirement to drop vision and dental benefits for employees. Rather, these benefits can be offered as part of the range of options available to employees.
Finally, cafeteria-based plans do not necessarily eliminate nonmandatory benefits from the overall plan. Rather, they offer a range of options, some of which may be mandatory and others which are optional, depending on the needs and preferences of the employees.
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if the writer of a foreign currency option contract fails to perform upon an exercise, the:
It is important for writers of option contracts to carefully consider their ability to fulfill their obligations before entering into such agreements.
If the writer of a foreign currency option contract fails to perform upon an exercise, the holder of the option can choose to take legal action against the writer to enforce their rights. The writer may also be required to compensate the holder for any losses incurred as a result of their failure to perform. It is important for writers of option contracts to carefully consider their ability to fulfill their obligations before entering into such agreements.
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Determine the number of dependents in each of the following independent situations. For example: 0, 1, 2, 3, and so on.
Dependents
a. Leo and Amanda (ages 48 and 46, respectively) are married and furnish more than 50% of the support of their two children, Elton (age 18) and Trista (age 24). During the year, Elton earns $4,500 providing transportation for elderly persons with disabilities, and Trista receives a $5,000 scholarship for tuition at the law school she attends. b. Audrey (age 45) is divorced this year. She maintains a household in which she, her ex-husband, Clint, and his mother, Olive, live. Audrey furnishes more than 50% of the household’s support. Olive is age 91 and blind. c. Crystal, age 45, furnishes more than 50% of the support of her married son, Andy (age 18), and his wife, Paige (age 19) who live with her. During the year, Andy earned $8,400 from a part-time job. All parties live in Iowa (a common law state). (Assume the joint return test rule does not apply.) d. Assume the same facts as in part (c), except that all parties live in Washington (a community property state).
Leo and Amanda furnish more than 50% of the support of their two children, Elton and Trista. Elton earns $4,500 providing transportation for elderly persons with disabilities, but this does not affect his status as a dependent. Trista receives a $5,000 scholarship, which is not counted as support. Therefore, the number of dependents is 2 (Elton and Trista)
Audrey furnishes more than 50% of the household’s support, which includes herself, her ex-husband Clint, and his mother Olive. Olive is a dependent because she is blind and has a gross income of less than the exemption amount. Therefore, the number of dependents is 1 (Olive).Crystal furnishes more than 50% of the support of her married son and his wife, who live with her. Andy earned $8,400, but this does not affect his status as a dependent because he is under the age of 19 or a full-time student under the age of 24. Therefore, the number of dependents is 2 (Andy and Paige).In a community property state like Washington, income and assets acquired during marriage are considered to be owned equally by both spouses. Therefore, Crystal's support for Andy and Paige would be considered to be furnished equally by Crystal and her son's spouse, Paige. Since Crystal furnishes more than 50% of the support, and her son and his spouse are considered to be one unit, the number of dependents is 1 (Crystal's son and his spouse).
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A fast-food retailer observes that his sales orders do not show much variety with respect to the store location. Instead, the needs of his customer are age-related. From the given information, it can be concluded that he is most likely to follow _____ market segmentation.
Based on the given information, it can be concluded that the fast-food retailer is most likely following demographic market segmentation.
This is because he is segmenting his market based on age, which is a demographic variable. Demographic segmentation involves dividing the market based on characteristics such as age, gender, income, education, and occupation, among others. This approach is commonly used by businesses that cater to specific age groups, such as fast-food restaurants that offer kids' meals or senior discounts.
Therefore, the retailer is likely targeting a specific demographic segment based on their age-related needs.
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peter borrowed $250. he paid $25 interest and a service charge of $2.50. what is his finance charge? a. $2.50 b. $25.00 c. $27.50 d. $250.00 e. $277.50
The finance charge is c. $27.50. This is the amount that Peter has to pay in addition to the $250 that he borrowed.
The finance charge is the total amount of money that Peter has to pay for borrowing the $250. To calculate the finance charge, we need to add the interest and the service charge.
So, finance charge = interest + service charge = $25 + $2.50 = $27.50
It is important to understand the finance charge when borrowing money as it is a cost that can add up quickly and impact your overall financial situation. When borrowing money, it is important to read the terms and conditions carefully and understand all fees and charges associated with the loan.
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what ratio will definitely increase when a firm increases its annual sales with no corresponding increase in assets?
Asset turnover ratio will definitely increase when a firm increases its annual sales with no corresponding increase in assets, Option A is correct.
The resource turnover proportion can be utilized as a sign of the effectiveness with which an organization is utilizing its resources for create income. The higher the resource turnover proportion, the more proficient an organization is at producing income from its resources. A measure that indicates how effectively a company is generating revenue or sales from its owned resources is the asset turnover ratio.
The ratio shows how many sales were made for every dollar of assets by comparing the company's gross revenue to the average number of assets. The resource turnover proportion is a significant proportion of an organization's exhibition since it demonstrates how well the organization is utilizing its resources for produce deals.
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Incomplete question :
What ratio will definitely increase when a firm increases its annual sales with no corresponding increase in assets? Multiple Choice
A. Asset turnover
B. Liquidity ratio
C. Quick ratio
D. Current ratio
Residents of a foreign country, Country A, brought suit against an American energy corporation in federal district court. The residents asserted violations of a federal act based on human rights abuses committed in Country A by Country A military personnel who had been hired by the American energy corporation. The district court found for the energy corporation, and the residents of Country A appealed. On appeal after the final judgment, the energy corporation argued for the first time that under the federal act, a corporation cannot be held liable. The residents of Country A argued that the court of appeals should not address this new argument.
May the federal court of appeals consider the newly raised argument from the energy corporation?
Yes, the federal court of appeals may consider the newly raised argument from the American energy corporation.
However, it is generally at the discretion of the appellate court whether to address a new argument that was not raised in the district court. In this case, the residents of Country A argued that the court of appeals should not address the new argument. The appellate court may choose to consider the new argument if it believes that doing so is necessary for the proper resolution of the case, or if the issue raised is a pure question of law that can be addressed without further fact-finding. Additionally, the court may consider the new argument if it determines that the energy corporation had a valid reason for not raising it at the district court level, or if addressing the issue would not cause undue prejudice to the residents of Country A.
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Yes, the federal court of appeals may consider the newly raised argument from the American energy corporation.
However, it is generally at the discretion of the appellate court whether to address a new argument that was not raised in the district court. In this case, the residents of Country A argued that the court of appeals should not address the new argument. The appellate court may choose to consider the new argument if it believes that doing so is necessary for the proper resolution of the case, or if the issue raised is a pure question of law that can be addressed without further fact-finding. Additionally, the court may consider the new argument if it determines that the energy corporation had a valid reason for not raising it at the district court level, or if addressing the issue would not cause undue prejudice to the residents of Country A.
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when communicating with clients or consumers via e-mail, all of the following are examples of professional e-mail etiquette EXCEPT
a.using spell check.
b. providing useful information in the subject
c. avoiding sending large attachments.
d. responding to e-mails within one week
When communicating with clients or consumers via e-mail, all of the following are examples of professional e-mail etiquette EXCEPT responding to e-mails within one week. Option D.
Responding to e-mails within one week is not an example of professional e-mail etiquette as it is considered a long response time. A professional response time is usually within 24-48 hours.
The other options listed are all examples of professional e-mail etiquette, including using spell check, providing useful information on the subject, and avoiding sending large attachments that may clog up the recipient's inbox. Ideally, it is required to respond to e-mails much sooner to maintain professionalism and prompt communication.
Hence, the right answer is option D.
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Use the following two statements in answering this question: 1. All Giffen goods are inferior goods. II. All inferior goods are Giffen goods. I and II are true. Olis false, and II true o l is true, and II is false.
Using the two statements provided, the correct answer is: 1. All Giffen goods are inferior goods is true. All Giffen goods are indeed inferior goods, as they are goods for which demand increases when their price rises.
However, not all inferior goods are Giffen goods. Inferior goods are those for which demand decreases as income increases, but this does not necessarily mean they exhibit the unique characteristics of Giffen goods. The two statements given are contradictory. They cannot both be true at the same time. One of them must be false. The first statement says that all Giffen goods are inferior goods, while the second statement says that all inferior goods are Giffen goods. However, not all inferior goods are Giffen goods. While Giffen goods are a type of inferior good, not all inferior goods behave like Giffen goods. Therefore, Statement I is true (all Giffen goods are inferior goods), while Statement II is false (not all inferior goods are Giffen goods).
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what is the approximate future value compounded monthly, of a current investment of $28,000 at an annual interest rate of 3.5or the next 20 years?
The future value (FV) of an investment is the value it will have at a future date, based on a certain interest rate and the length of time the investment is held. Future value will be $50,064.00.
To calculate the future value of an investment that is compounded monthly, we can use the formula:
FV = PV x (1 + r/n)/(n x t)⁻¹
Where:
PV = present value of the investment ($28,000 in this case)
r = annual interest rate (3.5% or 0.035)
n = number of times the interest is compounded per year (12 for monthly compounding)
t = time period in years (20 in this case)
FV = future value of the investment
Plugging in the values, we get:
FV = 28000 x (1 + 0.035/12)/(12 x 20)⁻¹
FV = 28000 x (1.002917)/240⁻¹
FV = 28000 x 1.788
FV = $50,064.00
Therefore, the approximate future value of the investment after 20 years with monthly compounding is $50,064.00.
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Long-term investments: Multiple Choice Are current assets.Can include funds designated for a special purpose, or investments in land not used in the company’s operations.Must be readily convertible to cash.Are expected to be converted into cash within one year.Include only equity securities.
Long-term investments are investments in assets that are not expected to be converted into cash within one year. They can include funds designated for a special purpose, such as a sinking fund or a pension fund, as well as investments in land or other assets not used in the company's operations. Long-term investments are not considered current assets because they are not readily convertible to cash. They may include both equity and debt securities, depending on the company's investment strategy.
Long-term investments are those that are either not easily convertible to cash or are not intended to be converted to cash in the near future. The correct answer is d. Are expected to be converted into cash within one year.
A long-term investment is an account on the asset side of a company's balance sheet that represents the company's holdings, including stocks, bonds, real estate, and cash.
Long-term investments are assets that a company intends to keep for more than a year.Investments that are kept for more than a year are frequently referred to as long-term securities.Examples of these include securities like stocks, bonds, real estate, mutual funds, and exchange-traded funds.
The following are the four primary long-term investment options:
• Shares. "A part in the ownership of a corporation" is how stock is defined.
• Bonds. Bonds can be bought.
Complete question:
Long-term investments: Multiple Choice Are current assets
a.Can include funds designated for a special purpose, b.investments in land not used in the company’s operations.
c. Must be readily convertible to cash.
d. Are expected to be converted into cash within one year.
e. Include only equity securities.
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Blossom Company sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Cost Net Realizable Value Small $ 64,140 $ 68,500 Medium 316,900 238,010 Large 144,950 166,740Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. X The total inventory value 530,350 $______Click if you would like to Show Work for this question:
The total inventory value under the lower-of-cost-or-net realizable value approach is $447,100.
The lower-of-cost-or-net realizable value approach means that the inventory should be valued at the lower of its cost or net realizable value.
For the small tools category, the net realizable value is higher than the cost, so the inventory value should be based on the cost of $64,140.
For the medium tools category, the net realizable value is lower than the cost, so the inventory value should be based on the net realizable value of $238,010.
For the large tools category, the net realizable value is higher than the cost, so the inventory value should be based on the cost of $144,950.
Therefore, the total inventory value under the lower-of-cost-or-net realizable value approach is:
$64,140 (small tools) + $238,010 (medium tools) + $144,950 (large tools) = $447,100.
So the answer is:
$447,100.
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At July 31, Sandhill Co. has this bank information: cash balance per bank $7,310, outstanding checks $835, deposits in transit $1,355 and a bank service charge $60. Determine the adjusted cash balance per bank at July 31. The adjusted cash balance per bank at July 31 $
The adjusted cash balance per bank at July 31 is $7,770.
To determine the adjusted cash balance per bank at July 31, we need to make adjustments for outstanding checks and deposits in transit.
Starting with the cash balance per bank of $7,310, we subtract the outstanding checks of $835, which reduces the balance to
$7,310 - $835
=$6,475.
Then we add the deposits in transit of $1,355, which increases the balance to
$6,475 + $1,355
$7,830.
However, we also need to take into account the bank service charge of $60, which reduces the adjusted cash balance by that amount. Therefore, the adjusted cash balance per bank at July 31
=$7,830 - $60
=$7,770
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Rosé ordered a package of macaroons from an out of state bakery. She received the cookies the following week. What type of e commerce product did rose order
Answer:
physical
Physical products are tangible goods that can be shipped or delivered to a customer's location. E-commerce refers to the buying and selling of goods or services online, typically through a website or app. In this case, Rosé likely placed an order for the macaroons through the bakery's e-commerce platform, and the bakery shipped the cookies to her location.
Assume the appropriate discount rate for the following cash flows is 8.7 per cent.Year Cashflow1 $1,3502 $1,2503 $9504 $750What is the present value of the cash flows?
To calculate the present value of the given cash flows with a discount rate of 8.7%, you can use the formula:
Present Value = Cash Flow / (1 + Discount Rate)^n
where:
Cash flow is the cash flow for a particular yearDiscount rate is the appropriate discount raten is the number of years from the current year (Year 0) to the year of the cash flowFor each year, apply the formula and sum the results:
Year 1: $1,350 / (1 + 0.087)^1 = $1,350 / 1.087 = $1,241.95
Year 2: $1,250 / (1 + 0.087)^2 = $1,250 / 1.181 = $1,058.42
Year 3: $950 / (1 + 0.087)^3 = $950 / 1.285 = $739.30
Year 4: $750 / (1 + 0.087)^4 = $750 / 1.397 = $537.58
Now sum the present values:
$1,241.95 + $1,058.42 + $739.30 + $537.58 = $3,577.25
The present value of the cash flows with an 8.7% discount rate is $3,577.25.
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The difference between an economic metric and a financial metric is that economic metrics:
1. Measure profits versus sales.
2. Are more precise.
3. are not calculated in dollars or other currencies.
4. Consider the time value of money.
5. None of these answers is correct.
The correct choice is:
5. None of these answers is correct.
The differences between economic metrics and financial metrics are more nuanced than those choices.
Some key distinctions but neither type inherently measures profits vs sales, is more precise, excludes currency units, or considers time value of money:
Economic metrics:
- Tend to be broader measures of economic growth, productivity, standard of living, etc.
- Often aggregate metrics across a whole economy, industry or group.
- Examples include GDP, inflation, unemployment rate, productivity growth.
Financial metrics:
- Tend to focus on the financial performance and position of a company, asset or investment.
- Often calculated at a company or asset level.
- Examples include revenues, profits, assets, liabilities, returns, growth rates.
So in summary, the choices provided are too simplistic. None fully captures the essence of the differences between economic metrics and financial metrics. Choice 5 is the most accurate that none of the statements can be said to always be true for distinguishing the metric types.
Let me know if any clarification would be helpful!
Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $680,000, Accounts receivable = $880,000, Inventory = $580,000, Accrued wages and taxes = $121,000, Accounts payable = $208,000, and Notes payable = $1,080,000. What is Cypress's net working capital?A-$1,409,000B-$2,140,000C-$3,549,000D-$731,000
The net working capital for Cypress Corporation is $2,140,000 - $1,409,000 = $731,000.
The answer is D) $731,000.
The formula for calculating net working capital is current assets minus current liabilities.
Current assets include cash and marketable securities, accounts receivable, and inventory, which in this case totals to $680,000 + $880,000 + $580,000 = $2,140,000.
Current liabilities include accrued wages and taxes, accounts payable, and notes payable, which in this case totals to $121,000 + $208,000 + $1,080,000 = $1,409,000.
Therefore, the net working capital for Cypress Corporation is $2,140,000 - $1,409,000 = $731,000.
The answer is D) $731,000.
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which are arguments given by those who defend the idea that globalization is necessary for the economic survival of media companies?
The arguments given by those who defend the idea that globalization is necessary for the economic survival of media companies are d. All of the above
The economies of the globe are connecting more and more. Economic interdependence brought forth by globalization has expanded cross-border commerce, investment, and information movement. Like other businesses, media corporations might need to enter international markets to stay competitive and take advantage of new growth prospects. Reaching a large, fragmented audience requires globalization since it has led to a diversified, fractured audience with various media consumption habits across different areas and nations.
Media corporations must communicate with citizens in developing democracies: Due to growth of democracy around the globe as a result of globalization, media businesses may perceive chances to grow their audiences and make money in developing democracies. Thus, access to new markets in developing democracies, might be essential for their economic viability, this can be made possible by globalization for media corporations.
Complete Question:
Which of the following are arguments given by those who defend the idea that globalization is necessary for the economic survival of media companies?
a. The world's economies are becoming increasingly intertwined.
b. Globalization is necessary for reaching a widespread, fragmented audience.
c. Media companies need to reach people in emerging democracies.
d. All of the above
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his chronic absenteeism cost the corporation $5,000 in lost productivity last year. What case of pronoun is used in the previous sentence?A. NominativeB. PossesiveC. Objective
Most businesses see a financial impact from absenteeism on their bottom line, yet few managers are truly aware of the scope of the issue.
What leads to work absences?When a worker regularly misses work, it is referred to as "absenteeism" and is typically unintentional and unjustifiable. Family obligations, illness, job searching, and workplace harassment are the primary reasons for absenteeism. Absenteeism can result in increased costs for employers.
What is the goal of lowering absenteeism?The primary goal of absence management is to reduce staff absences within the company. For this, managers identify the factors that are leading to the greatest number of absences inside the company and offer a fix.
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During the month of April, Riley Co. had cash receipts from customers of $780,000. Expenses totaled $624,000, and accrual basis net income was $218,000. There were no gains or losses during the month.Required:a. Calculate the revenues for Riley Co. for April.b. Explain why cash receipts from customers can be different from revenues.
a. To calculate the revenues for Riley Co. for April, we need to add the accrual basis net income to the expenses.
Revenues = Accrual basis net income + Expenses
Revenues = $218,000 + $624,000
Revenues = $842,000
Therefore, the revenues for Riley Co. for April were $842,000.
b. Cash receipts from customers can be different from revenues because revenues are recognized under the accrual basis of accounting, which means that they are recognized when earned, not when cash is received. Cash receipts from customers, on the other hand, are recorded when cash is actually received. This means that there may be instances where cash is received for services that have not yet been performed, resulting in a difference between cash receipts and revenues. Additionally, revenues can also be recognized from other sources such as interest income, which would not be reflected in cash receipts from customers.
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The disruption or merging of physical commence/retail with online/virtual products & shopping, e.g. "showrooming", influencers, home delivery & streaming, and technology-augmented reality (the "Pokémon Go effect") - Smart phones/mobile applications, virtual worlds, NFTs, digital currencies - GPS with GIS, ML, AI (see Agrawal, Gans & Goldfarb, 2018) - Wearable tech - Big data/cloud computing .
The disruption or merging of physical commerce/retail with online/virtual products & shopping refers to a variety of innovations that have changed the way consumers shop and interact with brands.
What is innovations?Innovation is the process of creating something new or improving upon existing ideas. It is all about finding better ways to do things and coming up with creative solutions to existing problems. It can involve coming up with new products, services, processes, or technologies, or even new ways of doing things.
Technology-augmented reality, such as the “Pokémon Go effect”, has also revolutionized the way customers interact with brands. Smart phones and mobile applications allow customers to access products and services in a more convenient way, while virtual worlds offer customers a more immersive experience. Non-Fungible Tokens (NFTs) and digital currencies provide customers with a secure and convenient way to buy and sell digital goods, while GPS and GIS, Machine Learning (ML) and Artificial Intelligence (AI) allow companies to track customer behavior and optimize their offerings.
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joseph contributed $33,750 in cash and equipment with a tax basis of $9,600 and a fair market value of $20,100 to berry hill partnership in exchange for a partnership interest.
Joseph contributed $33,750 in cash and equipment to the Berry Hill Partnership in exchange for a partnership interest. The equipment had a tax basis of $9,600 and a fair market value of $20,100.
Here's a step-by-step explanation of the transaction:
1. Joseph contributed cash amounting to $33,750 minus the fair market value of the equipment ($20,100), which is $13,650 in cash.
2. Joseph also contributed equipment with a tax basis of $9,600 and a fair market value of $20,100.
3. In exchange for these contributions, Joseph received a partnership interest in the Berry Hill Partnership.
This means Joseph's total contribution to the partnership is $33,750 (cash + equipment's fair market value), and the equipment's tax basis is $9,600.
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Assignments
1. Construct ONE inductive Argument by Example.
2. Construct ONE inductive Argument by Analogy.
3. Construct ONE inductive Argument from Authority.
Given what you know so far, evaluate the following instance of the basic form of the Argument about Causes.
1) Getting a cold drink correlates with the weather getting hotter.
--------------------------------------------------------------------------------
2) Thus, getting a cold drink causes the weather to get hotter
Evaluation of the Argument about Causes of the Argument about Causes: This argument is an example of a correlation-causation fallacy.
1. Inductive Argument by Example:
Premise: Most students who attend college earn higher salaries than those who do not.
Example: Susan attended college and now earns a higher salary than her high school classmates who did not attend college.
Conclusion: Attending college is likely to result in a higher salary.
2. Inductive Argument by Analogy:
Premise 1: Brand A smartphones have excellent battery life.
Premise 2: Brand B smartphones are very similar to Brand A smartphones in terms of features and design.
Conclusion: Brand B smartphones are likely to have excellent battery life as well.
3. Inductive Argument from Authority:
Premise 1: Dr. Smith is a renowned expert in the field of nutrition.
Premise 2: Dr. Smith states that a diet high in fruits and vegetables promotes better health.
Conclusion: A diet high in fruits and vegetables likely promotes better health.
Evaluation of the Argument about Causes:
1) Getting a cold drink correlates with the weather getting hotter.
2) Thus, getting a cold drink causes the weather to get hotter.
This argument is an example of a correlation-causation fallacy. Just because two events (getting a cold drink and the weather getting hotter) occur together, it does not necessarily mean that one causes the other.
The weather getting hotter could cause people to desire cold drinks, or there could be another factor causing both events to happen. The conclusion that getting a cold drink causes the weather to get hotter is not logically sound.
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Complete question:
Assignments
1. Construct ONE inductive Argument by Example.
2. Construct ONE inductive Argument by Analogy.
3. Construct ONE inductive Argument from Authority.
Given what you know so far, evaluate the following instance of the basic form of the Argument about Causes.
1) Getting a cold drink correlates with the weather getting hotter.
--------------------------------------------------------------------------------
2) Thus, getting a cold drink causes the weather to get hotter
for 2021, sherri has a short-term loss of $2,960 and a long-term loss of $4,800..
a. How much loss can Sherri deduct in 2021?
b. How much loss will Sherri carry over to 2022, and what is the character of the loss carryover?
Sherri can deduct a total loss of: $3,000 in 2021, consisting of a short-term loss of $2,960 and a long-term loss of $40. She will carry over a long-term loss of $4,760 to 2022.
To address your question regarding Sherri's losses for 2021 and 2022, let's break it down into two parts.
a. For 2021, Sherri has a short-term loss of $2,960 and a long-term loss of $4,800. The maximum capital loss deduction allowed for an individual taxpayer is $3,000 per year. Since her short-term loss is less than the maximum deduction limit, Sherri can deduct the entire short-term loss of $2,960 in 2021.
b. Since Sherri has already deducted her entire short-term loss, she now has a remaining long-term loss of $4,800. She can deduct the remaining $40 (i.e., $3,000 - $2,960) from her long-term loss in 2021, which brings her long-term loss down to $4,760 ($4,800 - $40).
This remaining long-term loss of $4,760 will be carried over to 2022, and the character of the loss carryover is long-term.
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Martin Manufacturing has fixed costs of $601,920 Its single product sells for $228 per unit, and variable costs are $168 per unit. Compute the units that must be sold to achieve a target income of $268,000. Multiple Choice 4,467 units. 3,840 units. 8,334 units 2,500 units 12,800 units.
Units that must be sold to achieve a target income is 8,334 units. Therefore, the correct option is option 3.
In order to calculate the units to achieve a target income, follow these steps:1. We need to calculate the contribution margin per unit:
Contribution Margin per Unit = Sales Price per Unit - Variable Costs per Unit
Contribution Margin per Unit = $228 - $168 = $60
2. We can use the contribution margin to calculate the breakeven point in units:
Breakeven Point (in Units) = Fixed Costs / Contribution Margin per Unit
Breakeven Point (in Units) = $601,920 / $60 = 10,032 units
3. To calculate the units that must be sold to achieve a target income of $268,000, we can use the following formula:
Units to be Sold = (Fixed Costs + Target Income) / Contribution Margin per Unit
Units to be Sold = ($601,920 + $268,000) / $60 = 8,334 units
Therefore, number of units sold to achieve a target income is option 3: 8,334 units.
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How is the sales volume in dollars necessary to reach a target profit calculated? O A. target profit + contribution margin ratio B. (fixed expenses + target profit) + contribution margin ratio O C. (fixed expenses + target profit) + unit contribution margin D. target profit + unit contribution margin BIO 112 0-0 When a company is operating at its breakeven point O A. its fixed expenses will be equal to its variable expenses. B. its total revenues will be equal to its total expenses. C. its selling price will be equal to its variable expense per unit. D. its contribution margin will be equal to its variable expenses. BIO 11 0-0 If a company sells one unit above its breakeven sales column, then its operating income would be equal to ООО O A. the fixed expenses. B. the unit contribution margin. C. the unit selling price D. zero.
The sales volume in dollars necessary to reach a target profit calculated by option B. (fixed expenses + target profit) +contribution margin ratio. When a company is operating at its breakeven point, its total revenues will be equal to its total expenses (option B).
It is the formula used to calculate the sales volume in dollars necessary to reach a target profit. The contribution margin ratio is the percentage of each sale that contributes to covering fixed expenses and profit.
If a company sells one unit above its breakeven sales column, then its operating income would be equal to the unit contribution margin (option B).
Target profit is the expected amount of profit that the managers of a business expect to achieve by the end of a designated accounting period. The target profit is typically derived from the budgeting process and is compared with the actual outcome in the income statement.
This results in a reported variance between the actual and target profit figures, for which the accounting staff may provide a detailed explanation.
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Which of the following is true? O A company with a strong set of values does not need a formal compliance system, O All ethics training should be conducted through new employee orientation O The US Sentencing Guidelines encourage companies to have a strong, proactive compliance program O rganizational experience suggests that an "ethics action line" is unnecessary because it promotes "tattling" on people an employee doesn't like
The true statement among the options given is: The US Sentencing Guidelines encourage companies to have a strong, proactive compliance program.
This means that it is important for companies to have a formal compliance system in place to ensure that they are following ethical and legal standards. It is also important for companies to provide ethics training not only during new employee orientation but also on an ongoing basis for all employees. Finally, an ethics action line can be a useful tool for employees to report concerns without fear of retaliation, and it is not considered "tattling" if used appropriately.
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You plan to use a data source for different workbooks. Where should you shape your data? Select an answer in Power Query when you create the first workbook as close to the data source as possible in the Excel workbooks once they are created in Power Query when you create the new workbooks
When you plan to use a data source for different workbooks, it is best to shape your data as close to the data source as possible. This means that you should select an answer in Power Query when you create the first workbook.
By doing this, you can ensure that your data is transformed and cleaned consistently across all workbooks that use the same data source. Shaping your data in Excel workbooks once they are created may result in inconsistencies and errors, and it may be more time-consuming to apply the same transformations to multiple workbooks.
Therefore, it is recommended to shape your data in Power Query when creating the first workbook that uses the data source.
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On October 1, Lorelai made a single deposit of $25,000 into an investment account which earns interest of 7% compounded annually. Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of five (5) years? Note: You may use the factor tables located in the appendix of your textbook or use the factor window on your computer Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.) Future Value of a Lump Summ Present Value of a Lump Sum Future Value of an Annuity Present Value of an Annuity
To calculate the future value of Lorelai's investment account after 5 years, you can use the formula for compound interest:
Future Value = P(1 + r/n)^(nt)
Where:- P is the principal amount (initial deposit) = $25,000- r is the annual interest rate as a decimal = 7% or 0.07- n is the number of times interest is compounded per year (annually in this case) = 1- t is the number of years = 5
Now, plug the values into the formula:
Future Value = 25,000(1 + 0.07/1)^(1*5)
Simplify the equation:Future Value = 25,000(1.07)^5Calculate the future value:Future Value ≈ $35,255.57Round to the nearest whole dollar:Future Value ≈ $35,256So, after 5 years, the balance in Lorelai's investment account will be approximately $35,256.
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Momentary conditions reflect temporary states of mind rather than temporary states of being. A) True B) False.
A) True.
B) False. Momentary conditions can reflect both temporary states of mind and temporary states of being, as they describe short-lived circumstances or situations.
Momentary conditions are temporary states or situations that occur for a brief period of time. These can include physical, emotional, or mental states that are short-lived. Examples of momentary physical conditions may include hunger, thirst, or being tired. Emotional momentary conditions may include feelings of happiness, sadness, or anger that arise quickly and dissipate shortly after. Mental momentary conditions could include brief lapses in concentration or forgetfulness, or sudden inspiration or creativity. These momentary conditions can be influenced by a variety of factors such as environmental stimuli, personal circumstances, and individual temperament. They may impact how an individual experiences and responds to their surroundings, but they are typically not long-lasting.
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