To get the answer to the question, we'll apply basic arithmetic. Given that Jolie earned $205 and spent d dollars at a water park with some friends.
After going to the water park, Jolie had $160 remaining.
To find the amount spent at the water park, we'll subtract the amount remaining from the amount earned to get the total amount spent.205 - d = 160. The next step is to isolate d by bringing the 205 to the right side of the equation by subtracting it from both sides: 205 - d - 205 = 160 - 205 - d- d = -45. Therefore, the amount spent is $45. To check this, we add the amount spent ($45) to the amount remaining ($160).$45 + $160 = $205This is the amount earned that Jolie earned so our answer is: Jolie spent $45 at the water park.Therefore the answer is option a. Jolie spent $205 - d dollars at the water park.
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Question 2 (Marks: 20)
You have been made the purchasing manager of a local restaurant.
This restaurant is part of a
chain of locally‐owned restaurants that has steadily grown since
2005. Currently,
You have been made the purchasing manager of a local restaurant. This restaurant is part of a chain of locally‐owned restaurants that has steadily grown since 2005. Currently, you are responsible for ordering and managing the inventory of food, beverages, and supplies for the restaurant. You also have to negotiate with vendors, monitor quality standards, and ensure compliance with health and safety regulations. Your role is vital for the success and profitability of the restaurant.
About ManagerManager is the person responsible for directing efforts aimed at helping the organization achieve its goals. Managing the work of a manager means that we talk about the four specific functions of a manager, namely planning, organizing, leading and controlling.
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The fair value loss impairment model O calculates the impairment loss as the difference between the asset's fair value and its current carrying amount. O requires a separate impairment test. O calculates the impairment loss as the difference between the asset's original cost and its current carrying amount. O is used for all investments that are not accounted for as FV-NI.
The fair value loss impairment model calculates the impairment loss as the difference between the asset's fair value and its current carrying amount. This requires a separate impairment test. This model is used for all investments that are not accounted for as FV-NI.
The fair value loss impairment model is one of the three methods for recognizing impairment losses. This method is based on fair value and is used for all investments that are not accounted for as FV-NI.The fair value loss impairment model calculates the impairment loss as the difference between the asset's fair value and its current carrying amount. This requires a separate impairment test that is carried out annually and at the end of each reporting period. The asset is written down to its recoverable amount, which is the higher of the asset's fair value less costs of disposal and its value in use.The fair value loss impairment model is used for all investments that are not accounted for as FV-NI. FV-NI refers to assets that are measured at fair value through net income. If an asset is accounted for as FV-NI, the impairment loss is recognized in net income.
On the other hand, if an asset is not accounted for as FV-NI, the impairment loss is recognized as a decrease in the carrying amount of the asset in the statement of financial position.The fair value loss impairment model requires a separate impairment test because it is based on fair value, which is more subjective and can be influenced by changes in market conditions. Therefore, the asset's fair value must be regularly assessed to determine if it has decreased below its carrying amount. If it has, an impairment loss must be recognized as the difference between the asset's fair value and its current carrying amount. Explanation:The fair value loss impairment model calculates the impairment loss as the difference between the asset's fair value and its current carrying amount. This method is used for all investments that are not accounted for as FV-NI. The fair value loss impairment model requires a separate impairment test to be carried out annually and at the end of each reporting period. The asset is written down to its recoverable amount, which is the higher of the asset's fair value less costs of disposal and its value in use.
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The project network and associated costs (T in days, C in $1,000s) are shown below. D End Start С B 타 Activity Normal T₁ Ca Ce 4 210 280 9 400 640 6 500 600 9 540 600 4 500 1100 200 5 150 4 240 90 3 150 3 150 7 600 6 750 150 a. Verify that the normal duration is 22 days and that the direct cost is $3,050. b. What is the least costly way to reduce the project duration to 21 days?
Given,The project network and associated costs (T in days, C in $1,000s) are shown below.End Start С B 타 Activity Normal T₁ Ca Ce 4 210 280 9 400 640 6 500 600 9 540 600 4 500 1100 200 5 150 4 240 90 3 150 3 150 7 600 6 750 150Normal duration = 22 daysDirect cost = $3050(a)
Normal duration = (4+9+6+9+4+5+4+3+7) = 51 daysDirect cost = (210+400+500+540+500+150+240+150+600) = $3350/b) To reduce the project duration to 21 days;Crashing activity A by 1 day;The direct cost for activity A = $1100 (Ce) - $500 (Ca) = $600To reduce the project duration to 21 days;Crashing activity H by 1 day;The direct cost for activity H = $150 (Ce) - $90 (Ca) = $60
To reduce the project duration to 21 days;Crashing activity B by 1 day;The direct cost for activity B = $640 (Ce) - $400 (Ca) = $240As crashing activity B by 1 day gives the least costly option, thus the least costly way to reduce the project duration to 21 days is crashing activity B by 1 day, which will reduce the duration to 21 days and the total cost to $3590.
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Question 12 The reorder point is the level of stocks that prompts a new drder to be placed under the EOQ model. O True False
The given statement "The reorder point is the level of stocks that prompts a new order to be placed under the EOQ model" is true.
The reorder point (ROP) is the level of stock at which the next order should be placed for the purpose of replenishing inventory under the EOQ model. The ROP specifies the minimum quantity of an item that must be available in inventory prior to placing a new order.
In other words, the ROP is the threshold that must be crossed before a new purchase order can be issued.
There are three kinds of inventory costs: holding costs, order costs, and shortage costs. When calculating the Economic Order Quantity (EOQ), these three inventory costs are included. EOQ is the point at which the inventory holding cost and order cost are equal and the total inventory cost is minimum.
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Find the face value (to the nearest thousand dollars) of the 15-year zero-coupon bond at 5.2% (compounded semiannually) with a price of $20,835. $44,500 $35,200 O $45,000 $35,000
The face value (to the nearest thousand dollars) of the 15-year zero-coupon bond at 5.2% (compounded semiannually) with a price of $20,835 is $35,200 (nearest thousand). The correct option is O $35,200.
The face value (to the nearest thousand dollars) of the 15-year zero-coupon bond at 5.2% (compounded semiannually) with a price of $20,835 is $35,200.
Solution:
We are given the following:
Present value of the zero-coupon bond = $20,835
Maturity of the zero-coupon bond = 15 years
Semiannual coupon rate = 5.2%
We have to find the face value of the bond.
Let’s calculate the face value of the zero-coupon bond using the following formula:
Present value = Face value ÷ (1 + (r / n))nt,
Where, n = 2r = 5.2%t = 15 years
Present value = $20,835
Face value = ?
Substituting the given values in the above formula:
20,835 = Face value ÷ (1 + (5.2 / 2))2 × 15
⇒ 20,835 = Face value ÷ (1 + 0.026)30
⇒ 20,835 = Face value ÷ 1.97681
⇒ Face value = $20,835 × 1.97681
⇒ Face value ≈ $41,202.32
So, the face value (to the nearest thousand dollars) of the 15-year zero-coupon bond at 5.2% (compounded semiannually) with a price of $20,835 is $35,200 (nearest thousand).
Therefore, the correct option is O $35,200.
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Describe the different types of legal arrangements that can take place to create a business combination. Explain what the term consolidated financial statements means. Locate the Annual Report for a consolidated entity and relate what you learn about the companies. Remember to include the link to the Annual Report.
Legal arrangements for business combinations include mergers, acquisitions, joint ventures, and consolidations.
Consolidated financial statements combine the financial results of multiple entities into a single set of financial statements. They reflect the financial position, performance, cash flows, and other relevant information of the consolidated entity as a whole.
In a merger, two or more companies merge into one, with one surviving entity. Acquisitions occur when one company acquires controlling ownership of another. Joint ventures involve the creation of a new entity by two or more companies for a specific purpose. Consolidations involve combining the financial statements of multiple entities under common control into a single set of financial statements.
Consolidated financial statements provide a comprehensive view of the financial performance and position of a group of companies. They help stakeholders assess the overall financial health, profitability, and risks associated with the consolidated entity.
To locate a specific Annual Report for a consolidated entity, please provide the name of the company or the relevant information so that I can assist you further.
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Monir and Jackie, both in their 40s, own a new 2-story house
in Pointe Saint-Charles. Jackie is expecting their first child in
September.
Monir is the co-owner of a real estate company and receives
i
As Monir is in the real estate business, he may have some unique insights into the housing market and be able to make informed decisions about the value of their home and potential investments in the future.
Monir and Jackie are a couple in their 40s who own a new 2-story house in Pointe Saint-Charles. Jackie is expecting their first child in September.
Monir is a co-owner of a real estate company and receives What Monir does: Monir is the co-owner of a real estate company.
A real estate company is a business that specializes in buying, selling, and managing real estate.
Monir and his business partner will likely be responsible for overseeing the day-to-day operations of the company, including managing employees, negotiating deals, and setting prices for properties.
They may also be responsible for advertising and marketing the company's services to potential clients.
Monir's salary: Monir's salary as a co-owner of a real estate company can vary depending on a number of factors. For example, if the company is small, he may take home a smaller salary than if the company is larger.
Additionally, his salary may be impacted by the amount of revenue the company generates, as well as the profits that the company is able to make.
It is also possible that Monir's salary could fluctuate from year to year based on economic conditions in the real estate market.
Overall, it is likely that Monir's salary will be competitive given his experience and expertise in the industry.
The house: Monir and Jackie's new 2-story house in Pointe Saint-Charles is likely a significant investment for them.
It is important for them to carefully consider their financial situation and ensure that they are able to comfortably afford their mortgage payments.
With a new baby on the way, they may also want to think about saving money for future expenses, such as child care and education.
As Monir is in the real estate business, he may have some unique insights into the housing market and be able to make informed decisions about the value of their home and potential investments in the future.
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(Present-value comparison) You are offered $110,000 today or $320,000 in 11 years. Assuming that you can earn 12 percent on your money, which should you choose?
Part 1
If you are offered $320,000 in 11 years and you can earn 12 percent on your money, what is the present value of $320,000?
$ (Round to the nearest cent.)
The present value of $320,000 in 11 years, assuming a 12 percent interest rate, can be calculated using the formula for present value:
Present Value = Future Value / (1 + Interest Rate)^Number of Years
Present Value = $320,000 / (1 + 0.12)^11
Calculating this, the present value of $320,000 is approximately $104,331.94.
To determine the present value, we need to discount the future value of $320,000 back to the present using the interest rate. In this case, the interest rate is 12 percent, so we divide the future value by (1 + 0.12)^11, which accounts for the compounding of interest over the 11-year period. The calculation yields a present value of approximately $104,331.94. This means that if you have the option to receive $320,000 in 11 years or a lump sum today, receiving $110,000 today would be the better choice since its present value is higher than the present value of $320,000.
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if capital gains are taxed less than dividends, then investors Owill pay more for stocks with low dividend yields. Will pay more for stocks with high dividend yields will pay the same for stocks regardless of their dividend yields Owill pay more for firms with less debt
If capital gains are taxed less than dividends, then investors will pay more for stocks with low dividend yields. What are capital gains and dividends?
Capital gains are the profits earned from the sale of an asset, such as stocks or real estate. Capital gains tax rates are usually lower than ordinary income tax rates. In the United States, the capital gains tax rate ranges from 0% to 20%.
Dividends, on the other hand, are the payments made by a company to its shareholders as a portion of their profits. Dividend income is usually taxed as ordinary income tax rates.Will investors pay more for stocks with low dividend yields?Yes, investors will pay more for stocks with low dividend yields. This is because if the capital gains tax rate is lower than the ordinary income tax rate for dividends, investors will prefer to receive their returns as capital gains rather than as dividends. This is because they will be taxed at a lower rate. Therefore, they will be willing to pay more for stocks that offer higher capital gains potential, even if they have lower dividend yields.In summary, investors will pay more for stocks with low dividend yields if capital gains are taxed less than dividends.
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What criteria should be met before a data bar can be used in a report? Check all that apply. text fields numerical field drop-down menus all are primary keys all values can be compared length depends on value in field
Answer:
2 5 & 6 [numerical fields, all values can be compared, & length depends on value in field] are your answers.
Explanation:
Got it right on EDG21
Answer:2,5, and 6
Explanation:
Question 38 Not yet answered Marked out of 1.00 Flag question Previous page Time left 0:46:07 An upward trend in real national income over an extended period of time is called O a. economic growth. O b. an inflationary boom. O c. constant-dollar national income. O d. aggregate output. O e. potential national income.. Next page Quiz Hav 1 2 3 4 5 10 11 12 13 14 19 20 21 22 23 28 29 30 31 37 $38 39 40 Finish attempt
An upward trend in real national income over an extended period of time is called "economic growth". Hence correct option is A.
Economic growth is an increase in an economy's capacity to produce goods and services over time, with technological advances, capital improvements, and better workforce education. In other words, it refers to long-term growth in the production possibilities of an economy.
Real national income measures an economy's aggregate output using constant prices, thereby accounting for inflation or deflation.
A country's real national income is typically measured by economists as the sum of all goods and services created in a country's economy over a period of time. If real national income rises consistently, the country is experiencing economic growth. Thus, an upward trend in real national income over an extended period of time is called economic growth, therefore the correct option is A.
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Consider a business that you may want to start. Identify, obtain and complete the appropriate papers necessary to incorporate your business as an LLC in the State of Florida. Submit the appropriate completed documents as an attachment in Word or in a PDF file in order to complete this assignment to the discussion board. You can screen shot your work, cut and paste your work or download it into Word to save this as an attachment. (You do not pay to set up the LLC you are just going through the motions) You can use the following link for assistance, Division of (Links to an external site.)Corporations (Links to an external site.). As for your written portion for your discussion board you will answer there questions in the body of the discussion board area:
Your original post should be a minimum of 250 words and based on your own unique composition.
Read, evaluate and compose a substantial in-depth response (minimum 150 words) to at least one or more of your peer’s responses in the discussion area. See discussion rubric for grading details.
Include examples in your discussion.
Adhere to APA standards and use APA guidelines to cite references.
What did you learn in your research on filing for an LLC? In addition, also discuss filing for bankruptcy in the state of Florida. What are the basic steps you do to proceed with a bankruptcy in the state of Florida, give an example and cite your findings.
To form an LLC in Florida, you would generally need to choose a unique name, file Articles of Organization, appoint a registered agent, create an operating agreement, obtain necessary licenses, and comply with ongoing requirements. Filing for bankruptcy in Florida involves determining eligibility, completing credit counseling, preparing and filing bankruptcy forms, attending a meeting of creditors, completing a debtor education course, and following the bankruptcy process with the guidance of an attorney.
What are the steps to incorporate an LLC in Florida and what are the basic steps for filing bankruptcy in Florida?To form an LLC in Florida, you would typically need to follow these steps:
1. Choose a name for your LLC: The name must be unique and comply with the state's naming requirements.
2. File Articles of Organization: Prepare and file the Articles of Organization with the Florida Division of Corporations. This document includes information about your LLC, such as its name, address, registered agent, and members.
3. Appoint a registered agent: Your LLC must have a registered agent in Florida who will receive legal documents on behalf of the company.
4. Create an operating agreement: While not required by the state, it is advisable to create an operating agreement that outlines the internal operations and ownership structure of your LLC.
5. Obtain necessary licenses and permits: Depending on the nature of your business, you may need to obtain specific licenses or permits to operate legally in Florida.
6. Comply with ongoing requirements: After formation, your LLC will need to meet certain ongoing obligations, such as filing an annual report and maintaining accurate records.
Regarding filing for bankruptcy in Florida, it is a legal process designed to help individuals or businesses struggling with overwhelming debt. The specific steps and requirements for bankruptcy filing may vary depending on the type of bankruptcy (Chapter 7, Chapter 13, etc.), individual circumstances, and legal advice. It is crucial to consult with an experienced bankruptcy attorney for personalized guidance.
In general, the basic steps involved in filing for bankruptcy in Florida include:
1. Determine eligibility and decide on the appropriate bankruptcy chapter.
2. Complete credit counseling: Under federal law, individuals filing for bankruptcy must complete credit counseling from an approved agency within 180 days before filing.
3. Prepare and file bankruptcy forms: These forms include schedules of assets, liabilities, income, expenses, and a petition for bankruptcy.
4. Attend a meeting of creditors: This is a meeting where you, your attorney, the bankruptcy trustee, and any creditors can ask questions about your financial situation.
5. Complete a debtor education course: After filing, you must complete a debtor education course from an approved agency to receive a discharge of debts.
6. Follow the bankruptcy process: This involves providing requested documentation, attending hearings if necessary, and complying with any court orders.
Keep in mind that bankruptcy is a complex legal process, and each case is unique. It is crucial to consult with a qualified bankruptcy attorney who can provide you with accurate and up-to-date information based on your specific circumstances.
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Ford Motor Company is considering thing a rewire of hynd deselec SUVS The heavy avotsing opene ad ses of $35 mikor neat year winout the n m amount that Ford Motor Company owes in taxes next year without the launch of the rew expecs to pretax income of
A $20.0 million
B $14.0 million
C $42.0 million
D. $14 million
Ford Motor Company is considering thing a rewire of hynd deselec SUVS. The heavy avotsing opene ad ses of $35 mikor neat year winout the n m amount that Ford Motor Company owes in taxes next year.
Without the launch of the rew expecs to pretax income of $20.0 million.Therefore, option A, $20.0 million is the correct answer. Let's understand the given information Ford Motor Company is considering rewiring of hynd deselec SUVS.
The heavy avotsing opene ad ses of $35 mikor neat year winout the n m amount that Ford Motor Company owes in taxes next year.Without the launch of the rew expecs to pretax income of $20.0 million. Hence, we can conclude that without the launch of the rew, the expected pretax income of Ford Motor Company will be $20.0 million.
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Player 2 LeftRight Player 1 P1:50 10 Down P2: 35 P2 List all dominant stragies in the game shown above Up is a dominant strategy for player 1 Down is a dominant strategy for player 1 Left is a dominant strategy for player 2 Right is a dominant strategy for player 2 There are no dominant strategies in this game QUESTION 6 1 pointsSave Player 2 Left Right 22 Player 1 P2 22 24 526P 50 P2: P2 In the game shown above, list all of the EFFICIENT Nash Equilibrium ( please check ALL that apply) ( upleft) (up, ight) ( downleft) ( downright) No efficient Nash Equilibrium
In the game shown above, the efficient Nash Equilibrium is (down, left).
Nash Equilibrium is a concept in game theory that describes a stable state in a game where no player has an incentive to unilaterally change their strategy, given the strategies chosen by the other players. In other words, it is a situation where each player's strategy is the best response to the strategies chosen by the other players.
To find a Nash Equilibrium, we need to examine each player's possible strategies and analyze their payoffs. If a combination of strategies is such that no player can improve their payoff by unilaterally changing their strategy, then it is a Nash Equilibrium.
It's important to note that a game may have multiple Nash Equilibria, and not all of them are necessarily efficient in terms of maximizing overall welfare or social outcomes.
If you have a specific game or scenario in mind, I can help you analyze and determine the Nash Equilibrium(s) for that particular case.
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Listen As a freight forwarder, you note that the importer/buyer prior to making a payment. This is an example of____ now also assumes risk is____ a Letter of credit, issuing bank b. Documentary collection, the supplier c. Advance payment, the freight forwarder d. Open account, the exporters bank
As a freight forwarder, one of the things you note is the importer/buyer prior to making payment. This is a notable example of an advance payment, where the buyer will make payments before the goods are delivered.the correct answer to this question is c. Advance payment, the freight forwarder.
This is one of the ways that international trade payments are made to ensure that both parties can maintain their trust and avoid frauds that may arise.
An advance payment is one of the methods of payment that a buyer can use to pay the seller for the goods or services they have received. It is a payment made before the goods are delivered to the buyer, usually to enable the seller to complete production or to acquire raw materials. The risk of an advance payment is mostly taken by the buyer, since the seller may receive the payment and fail to deliver the goods or services.
The most common methods of payment used in international trade include open account, letter of credit, documentary collection, and advance payment. An open account is when the exporter extends credit to the importer and the payment is made after the delivery of goods. A letter of credit is when a bank guarantees payment for the goods, and a documentary collection is when the bank acts as an intermediary in the payment process.
Therefore, the correct answer to this question is c. Advance payment, the freight forwarder.
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How does the Federal Reserve Bank’s selling of newly issued Treasury bonds affect the money supply?
When the Federal Reserve Bank sells newly issued Treasury bonds, it affects the money supply through a mechanism called open market operations. Open market operations involve the buying or selling of government securities, such as Treasury bonds, to influence the supply of money in the economy.
When the Federal Reserve sells Treasury bonds, it essentially takes money out of circulation and reduces the money supply. Here's how it works:
a) Selling Treasury Bonds: The Federal Reserve sells Treasury bonds to commercial banks and other financial institutions in exchange for cash. These financial institutions use their reserves (cash or deposits held at the central bank) to purchase the bonds.
b) Cash Outflow: As the commercial banks and financial institutions pay for the Treasury bonds, they transfer their reserves to the Federal Reserve. This leads to a decrease in the reserves held by these banks, resulting in a reduction in their ability to lend and create new money.
c) Money Supply Contraction: With reduced reserves, the commercial banks have less capacity to extend loans and provide credit to individuals and businesses. As a result, the money supply in the economy contracts. This decrease in the money supply can potentially lead to higher interest rates, making borrowing more expensive for consumers and businesses.
By selling Treasury bonds, the Federal Reserve effectively removes money from circulation and tightens the availability of credit in the economy. This is often used as a monetary policy tool to manage inflation, control interest rates, or stabilize the economy.
It's worth noting that the impact on the money supply can be influenced by other factors and the actions taken by the Federal Reserve in response to economic conditions. The Federal Reserve's open market operations, including the selling of Treasury bonds, are conducted with the aim of achieving specific monetary policy objectives and maintaining stability in the financial system.
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1) Blue Builders Company issue bonds with a par value of $280,000 on January 1, 2020. The bonds’ annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $244,000.
What is the amount of the discount on these bonds at issuance?
How much of the discount will be amortized over 6 months?
How much interest expense will be recognized over a 6-month period?
The amount of discount on the bonds at issuance is $36,000. The discount amortized over 6 months is $6,000. Interest expense is $29,280.
To compute how much markdown on the par value of bonds at issuance, we want to find the contrast between the standard worth of the bonds and the returns got from their deal. For this situation, the standard worth is $280,000, and the bonds were sold for $244,000. In this manner, the rebate on the bonds at issuance is $280,000 - $244,000 = $36,000.
The markdown on the bonds will be amortized over their leftover life, which is three years or six semiannual periods. To decide how much markdown amortized north of a 6-month time span, we partition the complete rebate by the quantity of periods. In this way, the rebate amortized more than a half year is $36,000/6 = $6,000.
The premium cost perceived north of a 6-month time frame can be determined by increasing the conveying worth of the securities toward the start of the period by the successful loan fee. The successful loan fee is the market rate at the date of issuance, which is 12%.
In the initial half year time frame, the conveying worth of the bonds is the underlying returns gotten from their deal, which is $244,000. The interest cost for this period is $244,000 * 12% = $29,280.
To sum up, how much markdown on the bonds at issuance is $36,000. The rebate amortized more than a half year is $6,000. The interest cost perceived more than a 6-month time frame is $29,280.
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Question 1 a) Ameena, a fresh graduate in Food Technology, started her business selling vitamins and other supplementary foods. She facing some problems in classifying some accounts according to the accounting types. You are required to help her to distinguish each of the following items either assets, liabilities or owner's equity L Premises IL Office equipment ai. Bank overdraft iv. Fixtures and Fittings V. Debtor: Sarah W. Creditor: Jamal vi. Loan to Adam viii. Capital ix Drawing X Closing Stock b) She has extracted the following information as at 31 December 2017. Freehold premises RM100,000, Creditors RM12,860, Debtors RM15,000, Bank overdraft RM10,370, Equipment RM26.000, Loan from Bee Bank RM66,000. Stock of unsold goods RM8.000, Cash in hand RM150. PERSATUAN Mart chrom You are required to i. Determine the owner's equity in the business: Prepare a Balance Sheet as at 31 December 2017.
To determine the classification of each item as either assets, liabilities, or owner's equity, and to prepare a balance sheet as of December 31, 2017, based on the provided information, let's analyze each item:
Assets:
Freehold premises: This is an asset as it represents the value of the property owned by the business.
Office equipment: This is an asset as it represents the value of the equipment owned by the business.
Debtors (Sarah): This is an asset as it represents the amount owed to the business by the customer.
Stock (closing stock): This is an asset as it represents the value of unsold goods held by the business.
Cash in hand: This is an asset as it represents the physical cash held by the business.
Liabilities:
Bank overdraft: This is a liability as it represents the amount owed by the business to the bank.
Creditors: This is a liability as it represents the amount owed by the business to its suppliers.
Owner's Equity:
Capital: This represents the owner's investment in the business and is classified as owner's equity.
Drawing: This represents the owner's withdrawal from the business and is classified as a reduction in owner's equity.
Now, let's prepare the balance sheet as at December 31, 2017, using the given information:
python
Copy code
Balance Sheet
As of December 31, 2017
Assets:
Freehold premises RM100,000
Office equipment RM26,000
Debtors (Sarah) RM15,000
Stock (closing stock) RM8,000
Cash in hand RM150
Total Assets RM149,150
Liabilities:
Bank overdraft RM10,370
Creditors RM12,860
Total Liabilities RM23,230
Owner's Equity:
Capital RM [Amount not provided]
Drawing RM [Amount not provided]
Total Owner's Equity RM [To be determined]
Total Liabilities and
Owner's Equity RM [To be determined]
Please note that the owner's equity amount and drawing amount were not provided, so you will need to include the respective values in the balance sheet based on the available information.
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GO TIRE DRAGON'S DEN VIDEO Click to view Quesions for Discussion in your Presentation: 1. Assess Go Tire as a franchisor. Do you think they have the supports and systems in place to engage in an expan
It is important to note that the video only provides a limited view of Go Tire's operations and franchising practices. A more in-depth analysis would be required to fully assess their supports and systems for expansion.
Based on the Dragon's Den video featuring Go Tire, it is evident that they have established themselves as a franchisor in the mobile tire service industry. They have developed a unique business model that offers convenience and flexibility to their customers.
In terms of support and systems, Go Tire appears to have a well-structured franchise program. They provide comprehensive training and ongoing support to their franchisees, including technical training, marketing support, and access to a centralized call center. This support system helps ensure consistency and quality in service delivery across their franchise network.
Additionally, Go Tire has implemented technology-driven systems such as their mobile app and dispatch software, which facilitate efficient scheduling and service management. These systems enable them to effectively coordinate and track service requests, enhancing customer experience and operational efficiency.
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which scor metric category focuses on being agile or able to meet unexpected changes in customer demand avoiding potential negative consequences?
The score metric category that focuses on being agile or able to meet unexpected changes in customer demand and avoiding potential negative consequences is "Responsiveness".
The term "Responsiveness" is used as a metric to refer to an organization's ability to respond to changes in the market or customer needs quickly. It measures the flexibility of an organization to respond quickly to changing market demands.
It refers to an organization's ability to cope with unforeseen circumstances or situations that may have an impact on its profitability or competitive edge. It is a critical metric for companies seeking to stay competitive in today's rapidly changing business environment. In other words, "Responsiveness" is a metric category that focuses on being agile or able to meet unexpected changes in customer demand avoiding potential negative consequences.
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Which of the following is correct as it relates to using Excel Solver in case of capital rationing? One sets the constraint such as the total investments being greater than the amount of capital available. One sets the objective such as to maximize the net present value of chosen investments. One creates binary variables that have the value of either 1 (chosen) or 0 (not chosen).
The correct statement as it relates to using Excel Solver in case of capital rationing is "One creates binary variables that have the value of either 1 (chosen) or 0 (not chosen)."When dealing with capital rationing in Excel Solver, one creates binary variables that have the value of either 1 (chosen) or 0 (not chosen).
Binary variables are used to determine which investment opportunities are accepted and which are rejected to maximize net present value with capital rationing. Excel Solver is a what-if analysis tool that is useful for solving mathematical models in Excel. It's a flexible tool that can solve a wide range of mathematical problems, including optimization problems, which can be used in capital budgeting, supply chain planning, production planning, and many other applications.
In t = 0, SpaceY Inc. is an unlevered company whose Beta is 2. The risk free-rate in the economy is 5%, and the market return is 10%. To begin with, assume that capital markets are perfect and Modigliani-Miller (MM) assumptions hold true. Determine the required cost of equity using CAPM. In t = 0, SpaceY Inc. is an unlevered company whose Beta is 2. The risk free-rate in the economy is 5%, and the market return is 10%. To begin with, assume that capital markets are perfect and Modigliani-Miller (MM) assumptions hold true. Determine the required cost of equity using CAPM.
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Suppose consumers derive total benefit from handbag consumption (x) of B(x)=500x-1.5x². The total cost of producing handbags for firms in the handbag industry is c(x) = 4x + 200. a. What is the competitive market equilibrium price and quantity in the handbag market? b. Draw a diagram that shows demand, marginal cost, average cost, and the competitive equilibrium. c. How much profit (loss) does a firm make in the handbag market. Explain in terms of entry and exit incentives why we might expect imperfect competition (monopoly oligopoly) in the handbag market. d. Calculate monopoly output level, x, and the monopoly price, p, of handbags?
The competitive market equilibrium price is approximately $200.27 and the equilibrium quantity is approximately 0.0667.
To find the competitive market equilibrium price and quantity, we need to equate the demand and supply in the handbag market.
The demand function is given by B(x) = 500x - 1.5x².
The supply function, representing the total cost for firms, is c(x) = 4x + 200.
Equating demand and supply:
500x - 1.5x² = 4x + 200
Combining like terms:
1.5x² + 496x - 200 = 0
To find the equilibrium price and quantity, we solve this quadratic equation. We can either use the quadratic formula or complete the square. Let's use the quadratic formula:
[tex]\[ x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a} \][/tex]
Here, a = 1.5, b = 496, and c = -200.
[tex]\[ x = \frac{-496 \pm \sqrt{496^2 - 4 \cdot 1.5 \cdot (-200)}}{2 \cdot 1.5} \][/tex]
Simplifying:
[tex]\[ x = \frac{-496 \pm \sqrt{246016 + 1200}}{3} \]\[ x = \frac{-496 \pm \sqrt{247216}}{3} \]\[ x = \frac{-496 \pm 496.2}{3} \][/tex]
Ignoring the negative value:
[tex]\[ x \approx \frac{-496 + 496.2}{3} \approx 0.0667 \][/tex]
Now, let's find the equilibrium price by substituting this value of x into either the demand or supply equation. Let's use the supply equation c(x) = 4x + 200:
[tex]\[ P = c(x) = 4(0.0667) + 200 \approx 200.27 \][/tex]
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Suzana is the independent non-executive director of Melisa Bhd, a plantation company. Malim Bhd is known as a rival of Melisa Bhd. Suzana unintentionally shares the strategies of Melisa Bhd in submitting a proposal to get the government contract to Azman, her old friend who is now working with Malim Bhd as general manager. From this scenario, assess the fundamental principles possibly violated by Suzana.
The following are the fundamental principles of good corporate governance that Suzana, an independent non-executive director of Melisa Bhd, may have unintentionally violated Confidentiality, Integrity, and Accountability.
Confidentiality: Suzana may have unintentionally breached the principle of confidentiality by sharing Melisa Bhd's strategies with Azman, a person who works for a rival company. Suzana must maintain the confidentiality of company data and only divulge it to those who require it to perform their duties with the company.
Integrity: Suzana may have unintentionally violated the principle of integrity. She must adhere to ethical standards and principles, as well as company policies and procedures when serving as an independent non-executive director of Melisa Bhd. Suzana is responsible for guaranteeing that the company's business transactions and activities are conducted transparently and fairly.
Accountability: Suzana may have unintentionally violated the principle of accountability. She must be responsible for ensuring that her actions, decisions, and conduct adhere to the laws, regulations, and ethical standards that govern her position as an independent non-executive director of Melisa Bhd. Suzana must be answerable to the board of directors, shareholders, and regulators in her activities.
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Proceeds from Notes Payable
On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $82,800. Assume a 360-day year.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%.
$fill in the blank 1
b. Determine the proceeds of the note, assuming the note is discounted at 8%.
$fill in the blank 2
The proceeds from the note, assuming the note is discounted at 8%, is $80,712.
The proceeds from Notes Payable of Elegant Co., assuming that the note carries an interest rate of 8% and the note is discounted at 8% are calculated as follows:
A) Proceeds of the note, assuming the note carries an interest rate of 8%
We know that the face amount of the note is $82,800.The interest rate on the note is 8%.The term of the note is 90 days.
Therefore, the interest expense on the note can be calculated as follows: Interest expense = Face amount of the note × Annual interest rate × Time period in years= $82,800 × 8% × 90/360= $1,656
The proceeds from the note can be calculated as follows: Proceeds from the note = Face amount of the note − Interest expense= $82,800 − $1,656= $81,144.
Therefore, the proceeds from the note, assuming the note carries an interest rate of 8%, is $81,144.
B) Proceeds of the note, assuming the note is discounted at 8%We know that the face amount of the note is $82,800.
The discount rate is 8%.The term of the note is 90 days.
Therefore, the discount on the note can be calculated as follows:
Discount on the note = Face amount of the note × Discount rate × Time period in years= $82,800 × 8% × 90/360= $2,088
The proceeds from the note can be calculated as follows:
Proceeds from the note = Face amount of the note − Discount on the note= $82,800 − $2,088= $80,712
Therefore, the proceeds from the note, assuming the note is discounted at 8%, is $80,712.
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Ronald owns a flower shop in California. He recently performed an inventory analysis which shows that she has $280,983 worth of inventory throughtout her facility (on average). This will last his business about 73 days of sales. His store is open about 52 weeks a year.
Based on the information provided above, what is Ronalds's average sales per day ($)?
The average sales per day for Ronald's flower shop is $3,847.
To determine this, we divide the total inventory value of $280,983 by the number of days in a year (365). This calculation gives us the average inventory value per day. Since the inventory is expected to last for 73 days of sales, we can infer that Ronald's average daily sales amount is $280,983 divided by 73, resulting in approximately $3,847 per day. Therefore, $3,847 represents the calculated average sales per day for Ronald's flower shop.
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Supose you decide to use limit orders instead of market orders. On August 19, you put in a limit order to buy 900 shares of BRAN at $15.01 per share. On t 20, you put in a limit order to sell 900 shares of BRAN at $15.03 per share. Both orders were executed on their respective days. Assuming no brokerage issions, how much of a gain or loss did you make? (Round to two decimal places.)
The buy limit order for BRAN is at $15.01 per share. Thus, the maximum purchase price for BRAN is $15.01.
The sell limit order for BRAN is at $15.03 per share. Thus, the minimum selling price for BRAN is $15.03. The 900 shares of BRAN were bought at the maximum price of $15.01, which amounts to $13,509 (900 x 15.01). The 900 shares of BRAN were sold at the minimum price of $15.03, which amounts to $13,527 (900 x 15.03). Thus, the gain realized is $13,527 - $13,509 = $18.A limit order is used to specify the maximum or minimum price at which you're willing to trade. A buy limit order can be used to buy a stock at a specified price or lower, while a sell limit order can be used to sell a stock at a specified price or higher. It's important to understand how limit orders work and how to use them to maximize your trading gains while minimizing your losses.
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xam 5 Chapters 14, 18 and 200 34 O Southland Company is preparing a cash budget for August. The company has $17.900 cash at the beginning of August and anticipates $122.000 in cash receipts and $136.3
In this case, the company should consider reducing its expenses or finding alternative sources of financing to cover the shortfall.
Southland Company is preparing a cash budget for August. The company has $17.900 cash at the beginning of August and anticipates $122.000 in cash receipts and $136.300 in cash payments during the month. Southland Company is expecting to have a shortage of $17.400 in the month of August.
To counter this, the company can use its cash balance from July (the ending balance) to cover the shortfall. The cash balance of $17.900 at the beginning of August can be added to the expected cash receipts of $122.000 to get $139.900 as the total available cash.
However, the company has to pay $136.300 in August, resulting in a shortfall of $3.600 ($139.900 - $136.300).This shortfall can be covered by using the cash balance of July (the ending balance). If the cash balance at the end of July was greater than $3.600, then the company can use that excess amount to cover the shortfall.
However, if the cash balance at the end of July was less than $3.600, then the company will have to find other sources of financing or delay some of its cash payments to cover the shortfall. In this case, the company should consider reducing its expenses or finding alternative sources of financing to cover the shortfall.
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BP Co is currently undertaking a major programme of product development. BP Co has made a significant investment in plant and machinery for this programme.
Over the next couple of years, BP Co has also budgeted for significant development and launch costs for a number of new products, although its finance director believes there is some uncertainty with these budgeted figures, as they will depend upon competitor activity amongst other matters.
BP Co issued floating rate loan notes, with a face value of $400 million, to fund the investment in plant and machinery. The loan notes are redeemable in ten years' time. The interest on the loan notes is payable annually and is based on the spot yield curve, plus 50 basis points.
BP Co's finance director has recently completed a review of the company's overall financing strategy. His review has highlighted expectations that interest rates will increase over the next few years, although the predictions of financial experts in the media differ significantly.
The finance director is concerned about the exposure BP Co has to increases in interest rates through the loan notes. He has therefore discussed with ACBC Bank the possibility of taking out a four-year interest rate swap. The proposed terms are that BP Co would pay ACBC Bank interest based on an equivalent fixed annual rate of 4.847%. In return, BP Co would receive from ACBC Bank a variable amount based on the forward rates calculated from the annual spot yield curve rate at the time of payment minus 20 basis points. Payments and receipts would be made annually, with the first one in a year's time. ACBC Bank would charge an annual fee of 25 basis points if BP Co enters the swap.
Taking out a four-year interest rate swap can help BP Co mitigate the risk of interest rate increases associated with its floating rate loan notes.
BP Co is currently engaged in a major product development program and has made a significant investment in plant and machinery. To fund this investment, the company issued floating rate loan notes with a face value of $400 million. However, the finance director is concerned about the exposure to potential interest rate increases over the next few years.
To address this concern, the finance director has explored the possibility of entering into a four-year interest rate swap with ACBC Bank. Under the proposed terms, BP Co would pay a fixed annual rate of 4.847% to ACBC Bank and, in return, receive a variable amount based on the forward rates calculated from the annual spot yield curve rate, minus 20 basis points.
By entering into this interest rate swap, BP Co can effectively convert its floating rate loan into a fixed rate obligation, thus mitigating the risk of rising interest rates. If interest rates increase, BP Co will still pay the fixed rate agreed upon in the swap, while receiving a variable amount from ACBC Bank that offsets the higher interest payments on the loan notes.
The interest rate swap provides BP Co with a measure of certainty and protection against interest rate fluctuations, allowing the company to better manage its financial risk and ensure more stable cash flow. This strategy aligns with the finance director's goal of mitigating the exposure to interest rate increases and securing favorable financing arrangements for the company's product development initiatives.
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Describe how the 2008 financial crisis, when analyzed
alongside the fall of LTCM, provides evidence that "history rhymes
but does not repeat."
The 2008 financial crisis, when analyzed alongside the fall of LTCM, provides evidence that "history rhymes but does not repeat."
The phrase "history rhymes but does not repeat" suggests that while events may have similarities or patterns over time, they do not occur in exactly the same way. When examining the 2008 financial crisis and the fall of Long-Term Capital Management (LTCM), we can identify common themes and factors that contributed to both events.
Both the 2008 financial crisis and the LTCM collapse involved excessive risk-taking and the mispricing of complex financial instruments. However, the specific circumstances, triggers, and consequences of each event differed. The 2008 crisis was characterized by the housing market bubble, subprime mortgage crisis, and systemic failures in the banking and financial sectors. On the other hand, LTCM's downfall stemmed from highly leveraged bets on bond spreads and a market liquidity crunch.
By comparing these two events, we can observe recurring patterns and vulnerabilities in the financial system. While history may rhyme in terms of certain underlying factors, the specific manifestation and impact of these factors can differ, emphasizing that history does not exactly repeat itself.
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The Ivanhoe Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $56 a night. Operating costs are as follows:
Salaries $5,300 per month
Utilities $1,300 per month
Depreciation $1,100 per month
Maintenance $3,892 per month
Maid service $10 per room
Other costs $18 per room
a. Determine the inn's break-even point in the number of rented rooms per month.
b. Determine the inn's break-even point in dollars.
Based on the given data, the inn's break-even point in the number of rented rooms per month is 415 with $23,240 break-even point in dollars.
Let's check how to determine the inn's break-even point in the number of rented rooms per month and in dollars as follows:
a) The break-even point in the number of rented rooms per month is calculated by dividing the total fixed costs by the contribution margin per unit.In this case, the fixed costs amount to:
Fixed costs = Salaries + Utilities + Depreciation + Maintenance= $5,300 + $1,300 + $1,100 + $3,892= $11,592
The contribution margin per unit can be calculated as follows:
Contribution margin = Sales price per unit - Variable costs per Unit
Sales price per unit = $56
Variable costs per unit = Maid service + Other costs= $10 + $18= $28
Contribution margin per unit = $56 - $28= $28
Using the formula for the break-even point:
Break-even point (in units) = Fixed costs ÷ Contribution margin per unit= $11,592 ÷ $28≈ 414.86≈ 415 rooms (rounded up to the nearest whole number).
Therefore, the break-even point in the number of rented rooms per month is 415.
b) The break-even point in dollars is calculated by multiplying the break-even point in units by the sales price per unit.In this case, the break-even point in units is 415 and the sales price per unit is $56.
Break-even point (in dollars) = Break-even point (in units) × Sales price per unit= 415 × $56= $23,240
Hence, the inn's break-even point in dollars is $23,240.
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