Journal entries are made by organization or companies to manage their accounts, sales and revenue.
To record sales on account:
Debit: Accounts Receivable, $555,000
Credit: Sales, $555,000
To record sales returns and allowances:
Debit: Sales Returns and Allowances, $46,000
Credit: Accounts Receivable, $46,000
To record collections of accounts receivable:
Debit: Cash, $2,147,000
Credit: Accounts Receivable, $2,147,000
To record write-offs of accounts receivable deemed uncollectible:
Debit: Allowance for Doubtful Accounts, $40,000
Credit: Accounts Receivable, $40,000
To reverse previously written off accounts:
Debit: Accounts Receivable, $15,000
Credit: Allowance for Doubtful Accounts, $15,000
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the standard report issued by an accountant after reviewing the financial statements of a nonissuer should state that_____
Named constants are initialized with a value and that value cannot change during the execution of the program. TRUE/FALSE
Named constants have an initial value, which cannot be altered while the programme is running. This assertion is true.
The portion of the programme that has access to a variable is said to be inside its scope. The total variable in Java is the same as the Total variable. Examples of variables include class names and key phrases.
A constant is a piece of data whose value is fixed during the course of a programme. As a result, the value is constant, as implied by its name. A piece of data called a variable can have a value that changes while the programme runs.
After startup, the constant variable's values cannot be altered. Here, we'll look at how to modify the values of a few constant variables.
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True or false: Historical return data indicates that as the number of securities in a portfolio increases, the standard deviation of returns for the portfolio increases.
"Historical return data indicates that as the number of securities in a portfolio increases, the standard deviation of returns for the portfolio increases." This statement is True.
As consistent with portfolio definition, it's miles a set of a extensive variety of assets which might be owned by buyers. The said series of financial assets may also be valuables ranging from gold, shares, budget, derivatives, assets, coins equivalents, bonds, etc. A portfolio is a systematic collection of student work that represents scholar sports, accomplishments, and achievements over a specific time frame in a single or more areas of the curriculum. There are two essential sorts of portfolios: showcase Portfolios: college students pick and post their fine work.
A portfolio is a set of work samples that you may deliver to an interview, send to a prospective corporation, or even post online. Portfolios can: offer proof of labor which you've achieved. Illustrate your capabilities and abilties. display the satisfactory of your work.
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How to write a business plan
Which of the following is critically important with respect to ultimate potential of a firm to provide cash flows to investors and creditors?
The capacity of the company to produce cash flows is critically important with respect to ultimate potential of a firm to provide cash flows to investors and creditors.
The cash flow statement presents details on the operations, funding sources, and financial transactions of a corporation. The CFS, often referred to as the statement of cash flows, assists creditors in determining how much cash is available (also known as liquidity) for the business to meet its operational costs and settle its debts. Investors value the CFS equally since it informs them of a company's financial stability. As a result, they might use the statement to make better, more informed financial decisions.
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Complete question
Which of the following is critically important with respect to the ultimate potential of a firm to provide cash flows to investors and creditors?
a. The firm's ability to generate cash flows for itself.
b. The firm's ability to generate positive net income.
c. The firm's ability to obtain additional financing.
shay's rebellion demonstrated the weakness of the articles of confederation in dealing with economic and domestic crises.
The uprising, which was led by veteran Daniel Shays, exposed the limitations of the federal government established by the Articles because it was unable to either pay the veterans' salaries or muster an army to put an end to the uprising.
Shays's Rebellion showed the shortcomings of the Articles of Confederation-based governance and prompted George Washington and others to urge for strengthening the federal authority to quell future outbreaks.
The Articles of Confederation's flaws were exposed by Shay's Rebellion. When the national authority was unable to quell the uprising, the first signs of federalism started to take hold. Of course, the British refused to acknowledge the Declaration and kept dispatching troops to put an end to the uprising.
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the total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 250 hours. which of the following numbers represents the partial labor productivity? 0.5 units per hour 2 units per hour 0.5 units 2 units
Partial productivity measurements are those that are practical as indicators of total productivity but do not meet the criteria for measuring total productivity.
In reality, production measurement refers to incomplete productivity measures. In such instance, the units of measurement represent parts of overall productivity, and if properly interpreted, these parts are a good indicator of productivity growth. The concept of partial productivity effectively conveys the idea that total productivity is only, roughly, partially measured. Although measurements have some flaws, it is nevertheless possible to accurately evaluate the findings of partial productivity.
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at the beginning of the year, calvin paid $5,000 for 60 shares of eddington stock. in june, he received a $300 cash distribution with respect to the stock. his form 1099-div reported that $170 was an ordinary dividend and $130 was a nontaxable return of capital. compute calvin's tax basis in his 60 shares at year-end. multiple choice $5,000 $4,870 $4,830
The tax basis of Calvin for 60 shares at the end of the year will be $4,870
How do you calculate tax-basis?
To calculate tax basis of Calvin for 60 shares, purchase price os stock and and non-taxable dividend obtained from it.
So, tax basis = Purchase price of stock – Non-taxable dividend
= $ 5,000 - $ 130
= $ 4, 870
Since, ordinary dividend is regarded as ordinary income, they are included in tax basis calculation and are subject to taxation.
What is tax basis?Tax basis is the cost basis of an asset at the time it is sold.
The initial cost of purchasing an asset is the cost basis.
The asset's value may either increase or decrease over its lifetime. This adjusted value is referred to as the adjusted cost basis.
The tax basis for an asset is its adjusted cost basis during the time of sale. The distinction between an asset's tax basis and its sale price helps determine whether a company makes a profit or a loss as well as whether taxes are owed or offset in the case of a loss.
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perfect price discrimination occurs when: group of answer choices a firm charges each buyer exactly their willingness to pay. a firm charges different buyers according to the characteristic of their purchase. a firm charges wealthier buyers a lower price. a firm charges the same buyer different prices at different points of time.
A perfect price discrimination occurs when a firm charges each buyer exactly their willingness to pay. Option A
What is meant by perfect price discrimination?When a company charges the highest price per unit consumed, complete price discrimination happens. The company obtains all possible consumer surplus for itself or the economic surplus since prices fluctuate between units.
Buffet restaurants, which frequently charge different prices for youngsters and senior citizens than they do for other adults, are an example of this form of price discrimination.
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Diversification is possibly the best technique for reducing the problems associated with international transactions. Provide one example each of international financial diversification and international operational diversification and explain how the action reduces risk.
Investments are spread among a variety of financial products, industry, and other categories as part of the risk-reduction strategy known as diversification. By making investments in various sectors that would all react differently to a single occurrence, it seeks to reduce losses.
What benefits do you get from diversification?Lowering your risk involves distributing your funds among and within several investment vehicles, such as stocks, bonds, and cash. It is one of the finest strategies to withstand market fluctuations and sustain development potential.
How does diversification lower risk?You can invest in multiple stocks at once thanks to diversification. If there is no unique emergency in the markets, if one security fails, it is quite likely that others will not be impacted by the downturn. The precise investments you make won't be simultaneously exposed to the same risk.
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A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size). House size is measured in hundreds of square feet and income is measured in thousands of dollars. The builder randomly selected 50 families and ran the multiple regression. Partial Microsoft Excel output is provided below:
a. Referring to Scenario 13-4, what annual income (in thousands of dollars) would an individual with a family size of 4 need to attain a predicted 10,000 square foot home (House = 100)?
b, Referring to Scenario 13-4, what is the predicted house size (in hundreds of square feet) for an individual earning an annual income of $40,000 and having a family size of 4?
Due to its p-value being less than 0.01, size is important in explaining house size and should be incorporated into the model.
[tex]H_{0}[/tex] The size has no bearing on how big a house is.
Vs.
[tex]H_{\alpha }[/tex] The size is important in describing the size of the house.
We can determine the statistical significance of each explanatory variable using the individual p-values.
The P-value for size is 0.0020, which is less than the level of significance
[tex]\alpha[/tex] = 0.01 0 given the Excel output table
and level of significance [tex]\alpha[/tex] = 0.01(1%)
So, at a 1% threshold of significance, we reject [tex]H_{0}[/tex].
The builder can therefore deduce that the size is important in explaining the size of the house and should be taken into account in the model.
The likelihood of receiving outcomes from a statistical hypothesis test that are at least as extreme as the actual results, assuming the null hypothesis is true, is known as the p-value in statistics.
The p-value provides the minimal level of significance at which the null hypothesis would be rejected as an alternative to rejection points. The alternative hypothesis is more likely to be supported by stronger evidence when the p-value is lower.
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The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.
false
The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.This statement is True.
It was common in the 1970s, and US firms even included it as an expense in their financial statements.The Foreign Corrupt Practices Act forbids this practise. The act was established in 1977 to promote accounting openness among American businesses and to stop public officials from choosing to accept bribes in order to influence. A US law called the FCPA (foreign corrupt practises act) was passed in 1977 to combat bribery and corruption among enterprises that pay foreign authorities, other foreign companies, or foreign institutions for business contracts or to speed up legal processes.
The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.This statement True or false?
complete question
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.
When one producer is able to supply total output in a market at a lower cost than when production is divided between multiple producers, competition may be impossible. The result is a ______ monopoly. a. natural b. artificial c. competitive d. productive
Production is divided between multiple producers; competition may be impossible. The result is a natural monopoly.
Firms revel in no limitations to access and all customers have ideal information. There are such a lot of companies generating the equal merchandise that not one of the companies can achieve sufficient strength in the end to persuade the industry. Thus, eventually, all the viable reasons of income are assumed away.
In monetary theory, ideal opposition happens while all corporations promote same merchandise, marketplace percentage does now no longer have an impact on rate, corporations are capable of input or go out without limitations, customers have ideal or complete information, and corporations can not decide prices.
A company will close down temporarily if the sales it might get from generating is much less than the variable charges of production. This happens if rate is much less than common variable cost. 4. A company will go out a marketplace if the sales it might get if it stayed in enterprise is much less than its overall cost.
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You and employees from other departments are discussing challenges in your shared work processes. When talking about how to improve work processes with them, it is most important to consider... O how long they have been with the company. O their individual perspectives. their previous experiences working with you.
O how similar your ideas are to each other. O their role in the work process.
When discussing with employees the challenges in their shared work processes and how to improve the work processes with them, the most important thing is to consider their individual perspectives. Option B is correct.
How to improve shared work processes?In an organization, there are individuals with different personalities and skills, which must be integrated so that the organizational culture is positive and favorable to cooperation, innovation, strengthened relationships and productivity.
It is therefore necessary that there be communication and integration developed between all departments, in addition to a supportive leader who is ethical, provides feedback and assists in the needs of his subordinates.
Therefore, a company is a set of integrated systems where teamwork is essential so that there is alignment of planned actions with the objectives to be achieved.
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amazon is building an additional headquarters facility in virginia. which of the following was probably not a reason that amazon picked this location?
Amazon is building an additional headquarters facility in Virginia. Workers will have a high cost of living and long commuting times in area amazon chose in Virginia.
Give a brief account on Amazon.For the American global technology company Amazon.com, Inc., digital streaming, cloud computing, online advertising, and artificial intelligence are the key research topics. It is regarded as "one of the most significant economic and cultural forces in the globe" and is one of the most valuable brands in the world. It is one of the Big Five American technology companies, along with Microsoft, Apple, Meta, and Alphabet.
In his Bellevue, Washington, garage, Jeff Bezos began Amazon on July 5, 1994. It began as an online book marketplace but has since grown to include a wide range of goods, earning the nickname "The Everything Store."
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Beginning inventory is $20,000. Purchases of inventory during the year are $100,000. Ending inventory is $50,000. What is cost of goods sold?$70,000Reason:$20,000 + $100,000 - $50,000 = $70,000.
The cost of goods is as follows; $20,000 + $100,000 - $50,000 = $70,000.
What is cost of goods?
The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the goods are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. The phrase "cost of sales" is another name for "cost of goods sold." All costs and expenses directly associated with the creation of goods are included in the cost of goods sold (COGS). Indirect expenses like sales and marketing and overhead are not included in COGS. Gross profit and gross margin are determined by deducting COGS from revenues (sales). Lower margins are the result of higher COGS. Depending on the accounting principles employed in the computation, COGS will have a different value.
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relative to the symmetric information equilibrium, the type l workers are definitely worse-off (i.e., have lower utility) in the pooling equilibrium. t/f
The question states that relative to the symmetric information equilibrium, the type l workers are definitely worse off (i.e., have lower utility) in the pooling equilibrium. This statement is completely true.
A symmetric equilibrium in game theory is one in which every player uses the same strategy (perhaps a mixed strategy) throughout the equilibrium. There is only one Nash equilibrium in the Prisoner's Dilemma game depicted to the right (D, D). The equilibrium is symmetric since both players employ the same approach.
By symmetric equilibrium, we mean that all bidders adhere to the same distribution function and value distribution. In both the first-price and second-price auctions, we shall derive the equilibrium strategies. If we want to optimize our revenues, we can consider which auction type to select.
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All states have adopted the Uniform Individual Accident and Sickness Policy Provision Law. If an insurer changes any of these provisions, they must make sure it does not:
Alter the minimum requirements of any provision
The insurer must assure that any variation must be at least as favorable as the original wording, and no mandatory provision may be deleted if applicable to the coverage.
Alter the minimum requirements of any provision. The insurer must assure that any variation must be at least as favorable as the original wording, and no mandatory provision may be deleted if applicable to the coverage.
Provisions are finances set aside by a commercial enterprise to cowl particular predicted destiny fees or different financial influences. An example of a provision is the estimated loss in the fee of stock due to obsolescence.
In accounting, the matching precept states that prices must be stated inside the identical monetary 12 months because of the correlating revenues. this is due to the fact fees that belong to a certain 12 months can turn out to be deceptive if accounted for in preceding or destiny monetary years. Provisions, therefore, modify the modern year stability to be more correct by means of making sure that costs are recognized within the identical accounting duration as the applicable prices.
Provisions are recognized on the stability sheet and are also expensed on the earnings assertion. The most not unusual sort of provision is a provision for terrible debt. A provision for awful debt is one that has been calculated to cover the debts encountered for the duration of an accounting length that is not anticipated to be paid.
This provision is typically blanketed within the price range created through a company and can be envisioned based totally on beyond revel in with bad debt amounts as well as industry averages.
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during my first three months of work, i attended three conferences; they were all required events for my training. during my first three months of work, i attended three conferences: they were all required events for my training. during my first three months of work, i attended three conferences, they were all required events for my training.
During my first three months of work, I attended three conferences; they were all required events for my training. This is the correct punctuation.
What is the function of a semicolon in a sentence?
Unquestionably, the semicolon is the underdog among the punctuation family. Some people are afraid of it, avoid it, and misuse it. It's time to start using semicolons more frequently, and we'll teach you how. You'll wonder how you ever managed without it once you've added it to your repertoire. You can clean up even the messiest prose with a semicolon while also adding variety and polish to your writing. It can be used as putting related clauses apart, Connective expressions buffered and dividing up long lists
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a brilliant general who helped develop the greatest army the world has ever seen and bring about important change in asia
George Patton is a brilliant general who helped develop the greatest army the world has ever seen and bring an about important change in Asia.
In the European and Mediterranean theatres of World War II, George Patton, a U.S. Army officer, excelled at mobile tank combat. The general was affectionately called to by his men as "Old Blood-and-Guts" because of his severe discipline, hardness, and self-sacrifice. But throughout his career, he caused countless difficulties due to his impulsive behavior and volatile temper.
Patton was chosen to represent the United States in Stockholm, Sweden, at the Olympic Games in 1912. In the contemporary pentathlon there, he battled against military commanders from all around the world.
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stock analysts can use fundamental analysis to identify undervalued stocks. the stock market exhibits informational efficiency. stock prices follow a random walk.
Option 3 is Correct. Based on the idea that the stock market displays informational efficiency, amy constructs her portfolio.
Investors utilize fundamental analysis as a tool to determine a stock's intrinsic worth. A stock's present price could not accurately reflect its true value. In the market, the stock may be overvalued or undervalued. The portfolios of Van and Amy are being compiled. Van invests in mutual fund shares and pays a manager's fees for actively managing the mutual fund's portfolio. He does this because he thinks the management can spot cheap stocks that will appreciate in value.
Amy isn't persuaded. She invests in shares of an index fund, a form of mutual fund that doesn't actively manage a portfolio but instead rather purchases all the stocks in a specific stock index. A technique used to estimate the value of a stock or security is fundamental analysis. Analysis of a company's management, business strategy, financial ratios, financial reports, and other data are all part of this process. The term "fundamentals" can also be used to describe macroeconomic statistics, market movements, and economic situations.
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Correct Question:
Van and Amy are building their portfolios. Van purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio. He does so because he believes that the manager can identify inexpensive stocks that will rise in value. Amy is not convinced. She buys shares in an index fund—a type of mutual fund that simply buys all of the stocks in a given stock index rather than actively managing a portfolio.
Amy builds her portfolio based on the notion that:
1. Stock analysts can use fundamental analysis to identify undervalued stocks.
2. All stocks are overvalued.
3. The stock market exhibits informational efficiency.
Suppose the real interest rate is 2% per year, and the inflation rate is 3% per year. According to the Fisher effect, if the inflation rate rises to 4% per year, then eventually
A) the nominal interest rate will rise by approximately 1 percentage point, and the real interest rate will not change.
B) the real interest rate will fall, the nominal interest rate will rise, with i ‐ r = pi
C) the nominal interest rate will fall by approximately 1 percentage point, and the real interest rate will not change.
D) the real interest rate will fall by 1 percentage point, and the nominal interest rate will not change.
A
Option (A). The nominal interest rate will rise by approximately 1 percentage point, and the real interest rate will not change.
What you mean by Nominal Interest Rate?
This Nominal interest rate paid or earned to the lender or investor. So if you, the borrower, borrow her 6% interest and he borrows $100, you can expect to pay $6 interest. Interest rates were raised to account for inflation.
What you mean by Real Interest Rate?
The real interest rate is the inflation-adjusted lending rate, measured by the GDP deflator. However, comparability is limited as the conditions relating to lending rates vary from country to country.
What the difference between nominal interest rate and real interest rate?
The Nominal interest rate is real interest rate and the expected inflation rate. The real interest rate reflects the true cost of funding for borrowers and the real rate of return for lenders or investors.
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ohnson company issued 900 shares of no-par common stock for $15,300. which of the following journal entries would be made if the stock has no stated value?
The journal entry for the Ohnson Company for the issues shares is as follows:
Cash A/c....Dr. $ 15,300
Common Stock-No-par Value A/c.....Cr. $15,300
In a corporation, common stock is issued to the majority of shareholders. In contrast to their preferred stock counterparts, holders of common stock have certain rights. Rather than receive monthly dividends, common stockholders gain value from their shares as the firm expands. These shareholders have voting rights. As one share is essentially equal to one vote on the company's board of directors, people with more shares have a greater say in its business activities.
The Journal entry is as follows:
Cash A/c....Dr. $ 15,300
Common Stock-No-par Value A/c.....Cr. $15,300
The no-par common stock means there is no face value assigned to the stock. All the money paid by the shareholder is recorded as common stock.
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making sure that a customer's goods are delivered on time is an important aspect of personal selling. t/f
The statement is true: making sure that a customer's goods are delivered on time is an important aspect of personal selling.
Personal selling is a face-to-face sales method where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. This strategy is frequently used by businesses to inform clients about new products.
The business uses a person-to-person strategy in order to raise awareness of the product. This is due to the fact that selling requires a personal touch, and salespeople are better at pitching a product to a potential customer. Retail and direct-to-consumer channels are the two various ways that personal selling can be done. In the retail channel, a salesperson deals with prospective consumers who come in by themselves to inquire about a product. The salesperson's responsibility is to ensure that he fully comprehends the needs of the consumers and displays the numerous products that fall into that category in accordance. In the direct channel, a salesperson meets prospective clients in an effort to inform them of a new product the company is introducing or about a new deal that the clients may not be able to obtain from the open market.
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TRUE/FALSE. margin account agreements must be signed before the first trade in the account. margin account agreements must be signed promptly after the first trad
The correct answer is True. Agreements for margin accounts must be signed before the account's first trade. After the first trade, margin account agreements need to be signed right away.
The Margin Agreement, which has three subsections (the Hypothecation Agreement, Credit Agreement, and Loan Consent Form), must be completed and signed by customers creating margin accounts. In the hypothecation agreement, the client pledges securities as security for margin loans.
You can use the funds immediately after a trade settles when utilizing a margin account. For traders, this is crucial since it enables immediate cash use.
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if a breach of contract case is filed in federal court, the court . has subject matter jurisdiction if the claim is for less than $75,000 and no plaintiff lives in the same state as any defendant has no subject matter jurisdiction, but can hear the case at its own discretion has no subject matter jurisdiction and cannot hear the case has subject matter jurisdiction if the claim is for more than $75,000 and no plaintiff lives in the same state as any defendant
If a breach of contract case is filed in the federal court, the court, so the court has subject matter jurisdiction if the claim is for less than $75,000 and where there are no plaintiff who live in the same state as any defendant.
The federal courts tend to have jurisdiction over cases involving the United States government, the Constitution or the federal laws, or any controversies which goes on between the states or between the U.S. government and foreign governments.
However, the requirement where a court have subject-matter jurisdiction means that the court can only assume power which is over a claim which it is authorized to hear.
Hence, some courts are said to be banned from hearing cases of a certain nature.
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Toppers Construction needs heavy-duty equipment to install a new pipeline in northern Alaska. Toppers's engineers have been asked to provide detailed specifications and recommendations for the equipment needed. The Toppers engineers will primarily play the __________ role in the company's buying center.a. userb. initiatorc. gatekeeperd. buyere. influencere. influencer
The northern parts on or near the Arctic Ocean are referred to as North Alaska, a territory of the U.S. state of Alaska. It frequently refers to the Nome Census Area,
.
the North Slope Borough, the Northwest Arctic Borough, and portions of the Yukon-Koyukuk Census Area. The towns of Prudhoe Bay, Utqiavik, Kotzebue, Nome, and Galena are among the prominent ones. Since most of these places lack motorways, the only means to get there in good weather are by plane or snowmobile. The modern settlement of north Alaska was initially sparked by the discovery of gold and later by the extraction of petroleum. The area was formerly inhabited by numerous Alaska Native communities that subsisted on hunting, whaling, or salmon fishing. The habitat is dominated by tundra that covers coastal plains and mountain ranges.
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Consider an auction with two bidders. Valuations X are uniformly and independently distributed for both bidders over the interval [0,1]. Bidder 1 knows that bidder 2 always follows the bidding strategy b2(x)=x^2.
What is the best reply of bidder 1 in a second price auction?
What is the best reply of bidder 1 in a first-price auction?
What is the expected payment of bidder 1 with valuation y in a first-price auction and in a second-price auction?
What is the ex-ante expected payment of bidder 1 in a first-price auction and in a second-price auction?
Answer: God
Explanation: God is always the answer. GOD IS GOOD, GOD IS GREAT
An auction is a method of buying and selling products or services by putting them up for bids, accepting bids, and then selling the item to the highest bidder or purchasing the item from the lowest bidder.
In a second price auction, bidder 1's best response is to bid their genuine worth, x. This is because the winning bidder in a second price auction pays the second highest bid rather than their own bid. As a result, bidder 1 should offer their genuine worth to increase their likelihood of winning the auction, while limiting the amount they must pay if they do win.
In a first-price auction, bidder 1's optimum response is to bid slightly more than b2(x)=x2. This is due to the fact that in a first-price auction, the victorious bidder pays their own bid. Bidder 1 should thus bid slightly over b2(x)=x2 in order to increase their chances of winning the auction while reducing their outlay.
In a first-price auction, bidder 1's expected payout with value x is x if they win the auction and 0 if they do not.
In a first-price auction, bidder 1's ex-ante anticipated payout is equal to their valuation multiplied by the likelihood that bidder 1 would win the auction. This may be stated as follows:
Expected payment ex-ante = x * Prob (bidder 1 wins)
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which of the following reasons could a decreased rate of growth in business and professional travel be attributed to?
The correct answer is technological improvement in virtual conferencing in business and professional travel be attributed.
Longer life expectancies, early retirement, flexible work schedules, and the propensity to take shorter, more frequent trips are a few factors contributing to the rise in travel. A variety of services are used by consumers away from their residences, typically on a temporary basis. Soft adventure travel is often risk-free and doesn't call for a lot of knowledge or expertise. Backpacking, birding, camping, canoeing, fishing, horseback riding, kayaking, safaris, sailing, and surfing are a few examples. The issue for the tourist sector is to include decarbonization in its value offer. In actuality, this entails rethinking the ideal travel experience and considering how sustainable practices might be implemented.
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JFG, Inc. has the following capital structure:1. 9.4 million shares of common stock priced at $28.12/share2. 3 million shares of preferred stock that pays a 6.7% dividend (par value = $100) and is currently priced at $101/share3. 200,000 outstanding bonds. The bonds mature in 10 years, have a par (face) value of $1,000, a 7% annual coupon, and a yield to maturity of 8.25%.What is the MV weight of Debt JFG would use in their WACC calculation? （Please show me the process. Thanks！）
24.43% is the MV weight of Debt JFG would use in their WACC calculation.
As per the given data,
we need to find out the MV weight of Debt JFG would use in their WACC calculation.
According to question,
it is given that,
JFG, Inc. has the following capital structure:
1. 9.4 million shares of common stock priced at $28.12/share
2. 3 million shares of preferred stock that pays a 6.7% dividend (par value = $100) and is currently priced at $101/share
3. 200,000 outstanding bonds.
Also, it is given that the bonds mature in 10 years, have a par (face) value of $1,000, a 7% annual coupon, and a yield to maturity of 8.25%.
Now, Market Value of each capital Structure
Market Value of Debt = 183,412,000 [200,000 Bonds x 917.06 per bond]
Market Value of Preferred Stock = 303,000,000 [3,000,000 shares x 101 per share]
Market Value of Equity = 264,328,000 [9,400,000 shares x 28.12 per share]
Total Market Value is 750,740,000
Price of the Bond
The Equity Price is the Current Earnings Rate plus the Face Value/Par Value. The Bond Price is calculated by using Excel Functions or by using a Financial Calculator.
Now,, the calculation of the Bond Price using financial calculator can be given as follows:
Variables Financial Calculator Figures
Face Value [-S1,000] FV 1000
Coupon Amount [S1,000 x 7%] PMT 70
Market Interest Rate
or Required Rate of Return [8.25%] 1/Y 8.25
Time to Maturity [10 Years] N 10
Bond Price PV ?
Further, we need to set the above keywords in the billing to find out the Combined Price. After entering the above keys into the financial calculator, we get:
Bond Price = $917.06
The weight of Debt to be used in the WACC Calculation can be given as:
Weight of Debt = Market Value of Debt / Total Market Value
By Putting values in above formula, we get:
= 183,412,000 / 750,740,000
= 0.2443 or
= 24.43%
Therefore, 24.43% is the MV weight of Debt JFG would use in their WACC calculation.
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