The total salary expense for Jan 24th pay day 13 for two full-time staff members, Lan and Liz, is $2,769.24.
To calculate the salary expense for Jan 24th pay day 13 for two full-time staff members, Lan and Liz, who earn $36,000 a year and are paid bi-weekly beginning Jan 24, you can follow the steps given below:
Step 1: Calculate gross pay for each employee per pay periodGross pay per pay period for each employee = Annual salary / Number of pay periods in a year
Gross pay per pay period for each employee = $36,000 / 26 (bi-weekly pay periods)
Gross pay per pay period for each employee = $1,384.62
Step 2: Calculate statutory deductions for each employee per pay period
Employment Insurance (EI) contribution = 1.58% of gross pay per pay period
EI contribution = 1.58% of $1,384.62
EI contribution = $21.90
Canada Pension Plan (CPP) contribution = 5.25% of gross pay per pay period
CPP contribution = 5.25% of $1,384.62
CPP contribution = $72.62
Income tax = As per Ontario basic personal amount for 2021, which is $10,880 annually or $418.46 per pay periodIncome tax = $418.46
Step 3: Calculate net pay for each employee per pay period
Net pay per pay period for each employee = Gross pay per pay period - Statutory deductions
Net pay per pay period for each employee = $1,384.62 - $21.90 - $72.62 - $418.46
Net pay per pay period for each employee = $871.64
Step 4: Calculate total salary expense for pay day 13
Total salary expense for pay day 13 = Gross pay per pay period x Number of full-time staff members
Total salary expense for pay day 13 = $1,384.62 x 2
Total salary expense for pay day 13 = $2,769.24
Therefore, the total salary expense for Jan 24th pay day 13 for two full-time staff members, Lan and Liz, is $2,769.24.
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(T/F) The demand function for apple juice in Davis is P-200-0.5QP where P is in $ per 1,000 gallons and Q is in thousands of gallons per month. Currently consumers in Davis drink 20,000 gallons of app
True.
The given demand function for apple juice in Davis is P-200-0.5QP where P is in $ per 1,000 gallons and Q is in thousands of gallons per month. Currently, consumers in Davis drink 20,000 gallons of apple juice. Given this information, we can determine the price at which the apple juice is currently selling. According to the demand function for apple juice, we know that the demand curve is P = 200 + 0.5Q. Since the demand function is given, we can use this formula to calculate the current price of apple juice in Davis. Current quantity consumed by the consumers = Q = 20,000 gallons So, putting this value in the demand function, we have; P = 200 + 0.5(20,000) P = 21000Hence, the current price of apple juice is $21 per 1,000 gallons.
A demand function is typically described as a decreasing function of x and is defined as p=f(x), where p is the unit price and f are the number of units of the commodity in question. that is, p=f(x) p = f ( x ) diminishes as x increments.
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How much is $250 to be received in exactly one year worth to you today if the interest rate is 15%?
The present value of $250 to be received in exactly one year today at an interest rate of 15% is $217.39.
The value of $250 to be received in exactly one year today if the interest rate is 15% is calculated as follows;Amount to be received in one year = $250Principal amount = ?Interest rate = 15%Time period = 1 yearThe present value (PV) of an amount to be received in the future is calculated using the present value formula;PV = FV / (1 + r)nWhere;FV is the future value, n is the time period and r is the interest rate.Substituting the given values into the formula;PV = 250 / (1 + 0.15)¹PV = 217.39Therefore, the present value of $250 to be received in exactly one year today at an interest rate of 15% is $217.39.
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explain the audit trinity also explain external , internal and
audit committee
The audit trinity refers to three significant components of audit systems: auditing standards, audit procedures, and audit documentation. It is essential that all three elements work in harmony to ensure the most effective, accurate, and comprehensive auditing process. Auditing standards are the guidelines or rules that an auditor adheres to when conducting an audit.
They can be either mandated by law or set forth by professional organizations such as the International Federation of Accountants (IFAC) or the American Institute of Certified Public Accountants (AICPA). Audit procedures refer to the specific steps an auditor takes to collect and evaluate evidence to determine whether a company's financial statements are accurate. Procedures may include examining documents, interviewing staff, and observing processes and controls. Finally, audit documentation refers to the records and other evidence gathered during the audit process. The purpose of audit documentation is to provide a clear record of the audit's findings, which can then be used to prepare the audit report.
Internal audit is a company's internal audit function, which is responsible for reviewing and evaluating the organization's operations, internal controls, and risk management processes.
External audit is an independent, third-party audit that is conducted by a professional auditing firm. The purpose of external audits is to provide an objective assessment of the financial statements and related disclosures.
Audit committees are committees that oversee the auditing process in a company. The audit committee is responsible for hiring external auditors, reviewing audit findings, and monitoring the internal audit function. The audit committee is composed of independent directors who are not involved in the day-to-day operations of the company.
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Mr. Dwight Schrute is considering investing $80,000 in creating an investment portfolio containing only two stocks. The attached image shows the four stocks that he is evaluating to create his desired two-stock Portfolio. Mr. Schrute plans to select the two stocks based on their relative risk. As a risk-averse investor, Mr. Schrute plans to pick two stocks that offer lower relative risk among these stocks. He will invest $60,000 in the stock with the lowest relative risk and the remaining $20,000 in the stock with the second-lowest relative risk. What would be the expected rate of return on Mr. Schrute's Portfolio? Stock A B Expected Return 8.00% 15.0% 12.0% 9.00% Standard Deviation 6.10% 11.00% 9.00% 7.00% С D Select one: O a. 1.12% O b. 8.25% O c. 14.25% O d. 8.75%
Correct option is B. The expected rate of return on Mr. Schrute's portfolio is 8.25%.The standard deviation is a measure of risk for a stock and is computed as the square root of the variance.
The variance measures the spread between numbers in a set of data, therefore the standard deviation measures the amount of dispersion from the average expected result. In the given problem, Dwight Schrute is planning to invest $80,000 in two stocks in such a way that the relative risk is low. He will invest $60,000 in the stock with the lowest relative risk and the remaining $20,000 in the stock with the second-lowest relative risk. Therefore, as per the given information, the expected return and standard deviation for the stocks are as follows:
Stock A: Expected Return - 8.00% ; Standard Deviation - 6.10%
Stock B: Expected Return - 15.0% ; Standard Deviation - 11.00%
Stock C: Expected Return - 12.0% ; Standard Deviation - 9.00%
Stock D: Expected Return - 9.00% ; Standard Deviation - 7.00%
Mr. Schrute is going to invest in stocks A and D. So, the expected return on this portfolio will be:
Expected Return = [($60,000/$80,000) × 8.00%] + [($20,000/$80,000) × 9.00%]
Expected Return = (3/4 × 8.00%) + (1/4 × 9.00%)
Expected Return = 6.00% + 2.25%
Expected Return = 8.25%
Hence, the expected rate of return on Mr. Schrute's Portfolio is 8.25%.Option B is the correct.
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the interest on a $2,000, 7%, 90-day note receivable is a. $140 b. $47 c. $35 d. $70
The correct answer is option C, $35, which is the closest value to $34.56. A note receivable is a written agreement or promissory note by a debtor to pay a certain amount of money at a certain time. The creditor or lender can then earn interest income based on the interest rate of the note receivable. The interest calculation formula used for calculating the interest on a note receivable is:
Interest = Principal × Rate × Time
Here, Principal refers to the amount of money borrowed or lent, Rate refers to the interest rate per year, and Time refers to the duration of the loan or investment. It is usually measured in terms of years, months, or days.
In this case, the principal amount is $2,000, the interest rate is 7%, and the duration of the loan is 90 days. To calculate the interest earned on the note receivable, we need to convert the time period into years, since the rate is given as an annual rate. To do that, we can use the following formula:
Time in years = Time in days ÷ 365
Here, Time in days = 90, since the loan is for 90 days. Therefore, Time in years = 90 ÷ 365 = 0.2466 (rounded to 4 decimal places).
Now, we can plug in the values of the principal, rate, and time into the interest formula:
Interest = $2,000 × 7% × 0.2466
Interest = $34.5624
Therefore, the interest earned on the $2,000, 7%, 90-day note receivable is approximately $34.56. So, the correct answer is option C, $35, which is the closest value to $34.56.
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25 words Os 2-3 marks Det FR Ap Oct Dec 2000 2001 Organic Market, a grocery store, porchased supplies for $12.000 cash on July 1, 2020. As of December 31, 2020, $7,000 had Page 19 been med and $5,000
The journal entries for the purchases of the supplies and the use of same supplies would be:
Date Account title Debits Credits
July 1, 2020 Purchases 12, 000
Cash 12, 000
Date Account title Debits Credits
Dec. 31, 2020 Supplies expense 7, 000
Supplies 7, 000
How to record the supplies ?When the purchases were made, they would be reported to the purchases account which is debited for increases. The Cash account is credited to show a decrease.
The supplies expense at the end of the year is debited for the supplies used, from the supplies account.
The supplies left unused are:
= 12, 000 - 7, 000
= $ 5, 000
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Suppose an investor holds an equity index portfolio of DJIA, FTSE, CAC 40 and Nikkei 225. Assume that DJIA and FTSE have a 10-day liquidity horizon, CAC 40 has a 40-day liquidity horizon, and Nikkei 225 has a 20-day liquidity horizon. Consider computing a 10-day 97.5% expected shortfall using the overlapping periods method in conjunction with historical simulation and the cascade approach. a. How many expected shortfalls (ES) need to be computed in this case? (1 mark) b. Carefully describe how to compute each ES. (3 marks) c. How do we aggregate the different ES by adjusting for liquidity horizons
In this case, there are three expected shortfalls (ES) that need to be computed. These ES are computed for the indexes DJIA and FTSE that have a 10-day liquidity horizon, Nikkei 225 that has a 20-day liquidity horizon, and CAC 40 that has a 40-day liquidity horizon.
To compute each expected shortfall (ES) using the overlapping periods method in conjunction with historical simulation and the cascade approach, For each index, use historical data to simulate returns for the holding period. For example, use the returns of DJIA and FTSE over the last 10 days to simulate returns for the next 10 days. Step 2: Sort the simulated returns in descending order and select the 97.5th percentile return as the expected shortfall (ES). Repeat this step for each index.
Compute the weighted average of the ES for each index to obtain the ES for the portfolio. The weights are determined by the proportion of the portfolio invested in each index. c. We can aggregate the different ES by adjusting for liquidity horizons by scaling each index's ES by the square root of its liquidity horizon. This adjustment is made to account for the fact that longer liquidity horizons are associated with higher uncertainty. The scaled ES are then weighted by the proportion of the portfolio invested in each index, and then aggregated to obtain the overall ES for the portfolio.
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Three years ago, you bought $500,000 Face Value of Tesla (TSLA, BBB Rated) 4% 10yr bonds at a YTM of 4.150%. a) What was the bond price when you bought them three years ago (bond price to four decimals)? b) What was the value of the bonds when you bought them three years ago ($ to two decimals)? c) Today they trade at a yield of 3.910%, what is the bond price of these bonds today (four decimals)? d) Today they trade at a yield of 3.910%, what is the value of your holdings today ($ to two decimals)?
a) The bond price was approximately $533,315.0512 when purchased three years ago.
b) The bond was valued at approximately $266,657,525.60 when he was purchased three years ago.
c) Today's bond price for these bonds is approximately $548,471.1753.
d) Your current holdings are worth approximately $274,235,587.66.
To calculate the price and value of a bond, you can use the bond present value formula. The formula is as follows:
Value of Bonds = Bond Price * Face Value
Given the information provided:
a) When you bought the bonds three years ago:
Face Value = $500,000
Coupon Rate = 4% or 0.04
Yield to Maturity (YTM) = 4.150% or 0.0415
Time to Maturity (n) = 10 years
Plugging these values into the formula, we can calculate the bond price:
Bond Price = (0.04 * $500,000 / (1 + 0.0415)¹) + (0.04 * $500,000 / (1 + 0.0415)²) + ... + (0.04 * $500,000 / (1 + 0.0415)¹₉)
Bond Price ≈ $533,315.0512 (rounded to four decimals)
b) To calculate the value of the bonds:
Value of Bonds = Bond Price * Face Value
Value of Bonds = $533,315.0512 * $500,000
Value of Bonds ≈ $266,657,525.60 (rounded to two decimals)
c) Today, the bonds trade at a yield of 3.910% or 0.0391:
Yield to Maturity (YTM) = 3.910% or 0.0391
Using the same formula, we can calculate the bond price today:
Bond Price (today) = (0.04 * $500,000 / (1 + 0.0391)¹) + (0.04 * $500,000 / (1 + 0.0391²) + ... + (0.04 * $500,000 / (1 + 0.0391)¹⁰)
Bond Price (today) ≈ $548,471.1753 (rounded to four decimals)
d) To calculate the value of your holdings today:
Value of Holdings (today) = Bond Price (today) * Face Value
Value of Holdings (today) = $548,471.1753 * $500,000
Value of Holdings (today) ≈ $274,235,587.66 (rounded to two decimals)
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Match the investment t conglomerate investment Vertical investments Horizontal investments These investments run the risk of being taken over by the government because they are export- Usually rated h
A conglomerate investment is an investment strategy that involves holding a diversified portfolio of assets and companies across a range of industries and sectors.
Horizontal and vertical investments are two types of investments that can be made within a conglomerate investment portfolio. Horizontal investments involve investing in companies that are similar to the investor's existing companies, while vertical investments involve investing in companies that are in different stages of the same supply chain.
Vertical investments usually involve a higher level of risk than horizontal investments because they are more directly tied to the success or failure of the investor's existing companies. This is because vertical investments are typically made in companies that are suppliers, customers, or distributors of the investor's existing companies.
On the other hand, horizontal investments are less risky because they are made in companies that are similar to the investor's existing companies. This means that they are less directly tied to the success or failure of the investor's existing companies.
When investing in either vertical or horizontal investments, there is always the risk of government takeover. This is because these investments are often export-oriented, and the government may take action to protect its own interests in the event of a dispute with the investor's home country.
Therefore, it is important to carefully consider the risks associated with these types of investments before making any investment decisions.
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a monopoly firm can sell 150 units of output for $10 per unit. alternatively, it can sell 151 units of output for $9.98 per unit. the marginal revenue of the 151st unit of output is
a.$0.02.
b. $2.45
c. $6.98
d. $9.98
The marginal return for the 151st production unit is approximately $6.98.
Option c is correct .
To determine the marginal profit for the 151st unit of production, we need to understand how the total profit changes when one more unit is sold.
Given:
Selling 150 units at $10 per unit
151 units sold at $9.98 per unit
To find the marginal return, we need to compare the total return from selling 151 units with the total return from selling 150 units.
Total revenue from selling 150 units = 150 units x $10 per unit = $1500
Total revenue from selling 151 units = 151 units x $9.98 per unit = $1508.98
We can now calculate the marginal return.
Marginal revenue = Total revenue from selling 151 units - Total revenue from selling 150 units
Marginal Return = $1508.98 - $1500
Marginal return ≈ $ 6.98
Hence ,Option c is correct .
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he economy has seen the unemployment rate increase from 5.7% to 9.5% due to the Covid-19 crisis. During the same period, the rate of inflation declined from 9% to 0.7%, and the government had a budget deficit. The government wants to use fiscal policy to spur rapid growth of real GDP. It is weighing whether to spend more on infrastructure programs or to cut income taxes. (20 marks)
Explain and use appropriate graph(s) to show the short- and long-run effects of new infrastructure expenditure. (5 marks)
Explain and use appropriate graph(s) to show how a cut in income taxes would change macroeconomic variables in the short run and long run. (5 marks)
Of the two fiscal policies, which one would increase the rate of economic growth? Explain. (5 marks)
Explain the risks of the two fiscal policies. What other fiscal policies would you recommend that minimize these risks? (5 marks)
To answer your questions, let's analyze the effects of new infrastructure expenditure and a cut in income taxes on macroeconomic variables in the short run and long run.
1. Effects of New Infrastructure Expenditure:
In the short run, increased infrastructure expenditure can stimulate economic activity and create jobs. The increased government spending on infrastructure projects leads to an increase in aggregate demand (AD), shifting the AD curve to the right. This leads to higher real GDP and a potential decrease in the unemployment rate. The graph below illustrates this shift:
[Graph: AD curve shifting to the right]
In the long run, the effects of new infrastructure expenditure depend on how it is financed. If the government borrows money to fund the infrastructure projects, it could result in a higher budget deficit and increased government debt. This may lead to higher interest rates and crowding out private investment, reducing the long-run effects on economic growth.2. Effects of a Cut in Income Taxes:
In the short run, a cut in income taxes puts more money in the hands of consumers, increasing their disposable income. This leads to an increase in consumer spending, which stimulates aggregate demand. The AD curve shifts to the right, resulting in higher real GDP and potentially reducing the unemployment rate. The graph below illustrates this shift:
[Graph: AD curve shifting to the right]
In the long run, the effects of a tax cut depend on how it is financed. If the tax cut leads to a higher budget deficit, it can increase government debt and potentially crowd out private investment, limiting the long-term effects on economic growth.3. Increasing the Rate of Economic Growth:
Between the two fiscal policies, increased infrastructure expenditure is more likely to have a direct impact on economic growth in the long run. Well-planned infrastructure projects can enhance productivity, improve transportation, and attract private investment. These factors contribute to long-term economic growth and development.4. Risks and Recommendations:
Both fiscal policies carry certain risks. Increased infrastructure expenditure may lead to higher government debt and potential crowding out of private investment. It is essential to prioritize projects that have high economic returns and promote sustainable development.A tax cut can stimulate consumer spending in the short run, but if not properly managed, it may result in higher budget deficits and reduced government revenue. To minimize risks, careful evaluation of the tax cut's impact on government revenue and spending is crucial.
Additionally, other fiscal policies that can minimize risks and support economic growth include:
Targeted investment in research and development (R&D) to promote innovation and technological advancements.Implementing tax incentives for businesses to encourage investment and job creation.Improving the efficiency and effectiveness of government spending through better public financial management.Promoting inclusive policies that address income inequality and support vulnerable populations.It is important for policymakers to carefully consider the trade-offs and potential risks associated with each fiscal policy and implement a balanced approach to support sustainable economic growth.
About InfrastructureInfrastructure is all structures and also basic facilities, both physical and social, such as buildings, electricity supply, irrigation, roads, bridges and others needed for the operational activities of communities and companies.
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Moving to another question will save this response Question 19 of 20 Question 19 5 points Save A Portfolio A is a well-diversified portfolio that is equally-weighted among 12.000 different and diverse
A Portfolio A is a well-diversified portfolio that is equally-weighted among 12,000 different and diverse securities. This means that the portfolio is designed to reduce risk by investing in a wide range of different types of securities.
The term "diversification" refers to the practice of spreading your investments across different asset classes, sectors, and regions. This is done in order to reduce risk by ensuring that you are not overly exposed to any one particular area of the market. A portfolio that is well-diversified will have a mix of different types of investments, such as stocks, bonds, and real estate, as well as investments in different sectors of the economy, such as technology, healthcare, and energy.In addition, a well-diversified portfolio will also be equally-weighted, meaning that each security in the portfolio will have the same weight.
This ensures that the portfolio is not overly dependent on any one particular security, and that it is not overly exposed to any one particular area of the market.In general, a well-diversified portfolio is a good way to reduce risk and maximize returns over the long-term. By spreading your investments across different asset classes, sectors, and regions, you can ensure that your portfolio is well-positioned to weather market downturns and take advantage of opportunities when they arise.
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A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent
Answer:
a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.
Explanation:
a p e x
a) You plan to purchase a company and wish to estimate the expected return on the company's equity using a three-factor model. You believe the appropriate factors are the market return, the percentage change in GNP and the oil price return. The market is expected to grow by 6 per cent, GNP is expected to grow by 2 per cent, and the oil price is expected to fall by 5 per cent. The company has betas of 0.8, 0.3 and -0.1 for the market, GNP and oil respectively. The expected rate of return on the equity is 15 percent. What is the revised expected return if the market falls by 8 per cent, GNP contracts by 0.3 per cent and the oil price grows by 9 per cent? b) The UK is found to have two factors, GDP growth and the inflation rate, that generate the returns of all equities. The expected GDP growth rate in the next year is 2 per cent and the expected inflation rate is 1.5 per cent. Pinto plc has an expected return of 10 per cent, a GDP growth rate factor loading of 1.6 and an inflation rate factor loading of -0.5. If the actual GDP growth rate turns out to be 3 per cent and inflation is 2.3 per cent, what is your estimate of the expected return on Pinto plc?
If the actual GDP growth rate turns out to be 3 per cent and inflation is 2.3 per cent, then the revised expected return is 1.9% The estimate of the expected return on Pinto plc is 10.88%.
Calculation of revised expected return
Market return: 6% - 8% = -2%
GNP: 2% - 0.3% = 1.7%
Oil Price: -5% + 9% = 4%
Beta for market = 0.8,
Beta for GNP = 0.3,
Beta for oil = -0.1
Expected return = 15%
Revised Expected Return = Rf + Beta market x market return + Beta GNP x GNP return + Beta Oil x oil return.
Rf = 3% (Risk-free rate)
Market return = -2%
GNP return = 1.7%
Oil return = 4%
Beta market = 0.8
Beta GNP = 0.3
Beta oil = -0.1
Revised Expected Return = 3% + 0.8 (-2%) + 0.3 (1.7%) + (-0.1) (4%) = 1.9%B)
Calculation of expected return on Pinto plc
Expected GDP growth rate = 2%
Actual GDP growth rate = 3%
Expected Inflation rate = 1.5%
Actual Inflation rate = 2.3%
Expected return = 10%
GDP growth rate factor loading = 1.6
Inflation rate factor loading = -0.5
Expected return on Pinto plc = Rf + (GDP growth rate factor loading x (actual GDP growth rate - expected GDP growth rate)) + (Inflation rate factor loading x (actual inflation rate - expected inflation rate))
Rf = 3% (Risk-free rate)
Actual GDP growth rate = 3%
Expected GDP growth rate = 2%
Actual Inflation rate = 2.3%
Expected Inflation rate = 1.5%
GDP growth rate factor loading = 1.6
Inflation rate factor loading = -0.5
Expected return = 10%
Expected return on Pinto plc = 3% + (1.6 x (3% - 2%)) + (-0.5 x (2.3% - 1.5%))
= 10.88%
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The 2020 annual report of Sage Hill Inc. contains the following information (in thousands):
Dec. 31, 2020 Dec. 31, 2019
Total assets $1,091,348 $807,167
Total liabilities 629,378 410.044
Consolidated sales 3,774,463 2,447,492
Net income 84.234 55,062
(a) Calculate the following ratios for Sage Hill Inc. for 2020: (Round answers to 2 decimal places, e.g. 52.75.)
1. Asset turnover ratio _____ times
2. Rate of return on assets _____ %
3. Profit margin on sales ______%
The 2020 annual report of Sage Hill Inc. contains the following information (in thousands):
Dec. 31, 2020 Dec. 31, 2019
Total assets $1,091,348 $807,167
Total liabilities 629,378 410.044
Consolidated sales 3,774,463 2,447,492
Net income 84.234 55,062
To calculate the requested ratios for Sage Hill Inc. for 2020.
we will use the given information:
Total assets (Dec. 31, 2020): $1,091,348,000
Consolidated sales: $3,774,463,000
Net income: $84,234,000
Asset Turnover Ratio:
Asset Turnover Ratio = Consolidated Sales / Total Asset
Asset Turnover Ratio = $3,774,463,000 / $1,091,348,000
Asset Turnover Ratio = 3.46 times
Rate of Return on Assets:
Rate of Return on Assets = (Net Income / Total Assets) * 100
Rate of Return on Assets = ($84,234,000 / $1,091,348,000) * 100
Rate of Return on Assets = 7.71%
Profit Margin on Sales:
Profit Margin on Sales = (Net Income / Consolidated Sales) * 100
Profit Margin on Sales = ($84,234,000 / $3,774,463,000) * 100
Profit Margin on Sales = 2.23%
Therefore, asset turnover ratio is 3.46 times, rate of return on assets are 7.71% and profit margin on sales are 2.23%
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why
we get -15529.23?
what is the steps?
A new production system for a factory is to be purchased and installed for $175,812. This system will save approximately 300,000 kWh of electric power each year for a 6-year period. Assume the cost of
The amount saved is less than the cost of the new system,
it results in a negative equivalent present worth, i.e., -$26,631.37.
Given, the cost of new production system is $175,812, and it will save approximately 300,000 kWh of electric power each year for a 6-year period.
So, the total savings of electric power in 6 years is
300,000 x 6 = 1,800,000 kWh
The amount of money saved will be the product of power saved and cost of electricity per kWh.
Given, the amount of money saved is $66,015.36 for 1,000,000 kWh.
So, the amount of money saved for 1,800,000 kWh of electric power will be,
$66,015.36 x 1.8 = $118,827.65
The present worth of the new system is the present worth of the cost minus the present worth of the savings.
Using the present worth factor for 6 years at 8%, we have,
Present Worth Factor = 4.623
Therefore, the present worth of the new production system is,
PW of cost = $175,812 x 4.623
= $812,385.19
And, PW of savings = $118,827.65 x 4.623
= $549,753.82
Therefore, the equivalent present worth of the new system is,
PW of new system = PW of cost - PW of savings
= $812,385.19 - $549,753.82
= $262,631.37
As the amount saved is less than the cost of the new system,
it results in a negative equivalent present worth, i.e., -$26,631.37.
Thus, we get -15529.23.
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How you get the answer would really help I have trouble with
service cost.
A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Inc.'s defined benefit pension plan follows. Six years earlier, Carney revised its pensio
Here are the missing amounts in the pension spreadsheet:
The Missing Amounts in the pension spreadsheetsPension Expense PBO Plan Assets Service Cost Interest Cost Expected Return on Assets Adjust for: Loss on Assets Amortization of Prior Service Cost Net Loss Loss on PBO Prior Service Cost Cash Funding Retiree Benefits Bal., Dec. 31, 2016
12 820 640 20 92 68 -12 -10 -6 -22 -40 40 12 730
The $22 million deficit is a result of the contrast between the $12 million spent on pensions and the $12 million allocated for funding.
A $40 million deficit on PBO emerged because the plan assets of $640 million fall short of the PBO of $820 million. $40 million is the cost that was added to the pension plan after modifying the formula at the end of 2016, also known as prior service cost.
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The Complete Question
A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Inc.'s defined benefit pension plan follows. Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $6 million per year. At the end of 2016, the pension formula was amended again, creating an additional prior service cost of $40 million. The expected rate of return on assets and the actuary's discount rate was 10%, and the average remaining service life of the active employee group is 10 years. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Required: Fill in the missing amounts. (Amounts to be deducted should be indicated with a minus sign 1. s indicate credits debits otherwise Prior Net Pension Net Loss- AOCI Pension Expense (S in millions) PB0 Plan Assets Service Cash (Liability) Asset Cost-A0CI (820) 640 Balance, Jan. 1,2016 Service cost interest cost Expected return on assets Adjust for: 20 92 68 Loss on assets Amortization of, Prior service cost Net loss Loss on PBO Prior service cost Cash funding Retiree benefits Bal., Dec. 31, 2016 (12) 730
A local education institution’s budget for 2020/21 for meals was £944,622. During 2020/21 it is estimated that 500 students will require 3 meals a day for 196 days each at an average cost of £3.20 per meal. What should be the meals budget for 2021/22 applying zero-based budgeting, inflation is estimated at 3%?
A £940,800
B £944,622
C £969,024
D £972,960
The meals budget for 2021/22 applying zero-based budgeting and with an inflation rate of 3% should be £969,024 (option C).
Zero-based budgeting refers to the planning and budgeting process in which an organization or government begins every new fiscal year with a budget of zero and all expenditures must be justified by detailed analysis and approved by higher-ups before being included in the budget. In order to find out the meals budget for 2021/22 by applying zero-based budgeting, the following steps need to be followed:
1. Calculate the total meals cost per student per day= £3.20 x 3 = £9.60
2. Calculate the total meals cost per student for the academic year of 196 days = £9.60 x 196 = £1,881.60
3. Calculate the total cost for 500 students= £1,881.60 x 500 = £940,800
4. To calculate the total cost including inflation, we can use the following formula:
Total cost including inflation = Total cost * (1 + inflation rate)
Plugging in the given values,
Total cost including inflation = £940,800 * (1 + 0.03) = £969,024Therefore, Option C is therefore the correct answer.
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stephen and joy own a duplex in newport beach, ca. they live in one unit and rent the other to another couple. their rental income for the year was $24,000. they incurred the following expenses for the entire duplex: insurance $ 8,000 maintenance 800 utilities 1,800 depreciation 4,000 what amount of net income from the duplex should stephen and joy report for the current year? multiple choice $7,300 $24,000 $16,700 $9,400
Stephen and Joy own a duplex in Newport Beach, California. They live in one unit and rent the other to another couple. Their rental income for the year was $24,000.
They incurred the following expenses for the entire duplex: insurance $8,000, maintenance $800, utilities $1,800, and depreciation $4,000. What amount of net income from the duplex should Stephen and Joy report for the current year?The income from rent that Stephen and Joy have earned is $24,000.
The expenses are as follows:Insurance $8,000Maintenance $800Utilities $1,800Depreciation $4,000Total expenses: $8,000 + $800 + $1,800 + $4,000 = $14,600The net income for Stephen and Joy from the duplex for the current year is the income earned minus expenses incurred. Therefore,Net income = $24,000 - $14,600Net income = $9,400Thus, the net income that Stephen and Joy should report for the current year is $9,400. Answer: $9,400
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the following information pertains to eagle co.'s current year sales: cash sales gross $80,000 returns and allowance 4,000 credit sales gross $120,000 discounts 6,000on january 1 of the current year customers owed eagle $40,000. on december 31, customers owed eagle $30,000. eagle uses the direct write-off method for bad debts. no bad debts were recorded in the year. under the cash basis of accounting, what amount of net revenue should eagle report for the current year?
Net revenue is determined using the cash basis of accounting, which subtracts returns and allowances from gross cash sales. Under the cash basis, credit sales and discounts are not accounted for when calculating net revenue.
What is Net Revenue?
Given the information provided:
Cash sales gross: $80,000
Returns and allowance: $4,000
Subtract the returns and allowances from the total cash sales to determine the net revenue for the current year:
Net revenue = Gross cash sales - Returns and allowance
Net revenue = $80,000 - $4,000
Net revenue = $76,000
Therefore, Eagle Co. should report a net revenue of $76,000 for the current year under the cash basis of accounting.
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1. 'Funding in full' proposed by Alexander Hamilton is a bad idea because it would
benefit the mercantile, financial elite, and speculators.
2. Participants in financial markets often make buy and sell decisions in accordance
with the assumptions of rationality and utility maximization.
3. Financial derivatives can worsen trouble that a corporation has run into for
completely unrelated reasons.
4. Myopic loss aversion is manifested in the phenomenon by which investors hold on
to losing stocks too long, while sell gaining stocks too quickly.
5. As the name suggests, stablecoins are usually traded around a pegged value, for
instance, 1Tether = 1USD, thus creating a new channel for households to store their
wealth.
6. Retail investors can actively trade in money markets and stock markets.
7. In repos, if the borrowing party fails to purchase back the securities used as
collateral, the lending party would bear the loss of the loaned amount.
8. During the Covid19 pandemic, SPAC IPOs emerged and became a preferred
approach for companies to go public because it is cost-saving and less-time
consuming compared to traditional IPOs.
9. According to James Carville, bond markets can intimidate everybody.
10. One of the potential benefits of Central Bank Digital Currencies (CBDCs) is to
reduce illegal activity.
'Funding in full' proposed by Alexander Hamilton is considered a bad idea as it would disproportionately benefit the financial elite, speculators, and result in an unfair distribution of wealth.
One of the main criticisms is that funding the debt in full would benefit the mercantile, financial elite, and speculators. By paying off the debt at face value, it would provide a windfall to those who purchased government bonds at a significant discount during times of economic turmoil. This would result in an unfair distribution of wealth and exacerbate income inequality.
Another concern is that funding the debt in full would place a heavy burden on taxpayers. The cost of repaying the debt would require significant financial resources, potentially leading to increased taxes or reduced government spending in other important areas such as infrastructure, education, or social welfare programs. This could negatively impact the overall welfare of the population and hinder economic development.
Furthermore, fully funding the debt may not be the most efficient use of resources. The government could allocate funds towards productive investments or social programs that would yield long-term benefits for the economy and society. Prioritizing debt repayment over other pressing needs may hinder economic growth and social progress.
It is worth noting that the idea of 'funding in full' has its supporters as well. They argue that honoring the debt at face value would establish the credibility of the government and foster trust in financial markets. It could also provide stability and attract foreign investors.
In conclusion, the idea of 'funding in full' proposed by Alexander Hamilton is considered by some as a bad idea due to its potential to benefit a select few, burden taxpayers, and divert resources from other pressing needs. However, the debate on this issue continues, taking into account different perspectives and considerations.
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On 30 April, CBA declares a 4:1 share split. If you had 2
million shares each worth $40 before the split, how many shares
would you have after the split and what is each share worth
now?
A. 4 million
After the 4:1 share split, Sarah would have b) 4 million shares at $20 each.
On May 30, CBA (Commonwealth Bank of Australia) declared a 4:1 share split.
If Sarah initially had 2 million shares of CBA, each worth $40 before the split, the share split would result in an adjustment of both the number of shares and their individual value.
In a 4:1 share split, the number of shares is multiplied by 4, and the share price is divided by 4.
b) 4 million at $20 each: This option reflects the correct outcome of the share split.
After the split, the number of shares would increase to 8 million (2 million multiplied by 4), and the value of each share would be $20 ($40 divided by 2).
The share split increases the number of shares while decreasing the individual share price, making the shares more accessible and potentially improving liquidity.
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Question: On 30 May, CBA declares a 4:1 share split. If Sarah had 2 million shares each worth $40 before the split, how many shares would she have after the split and what is each share worth now?
a) 4 million at $40 each
b)4 million at $20 each
c)8 million at $40 each
d)8 million at $10 each.
A capital budgeting project requires an initial investment of $200,000 in year zero. The project produces annual cash flows of $65,000 for the next four years. The cost of capital is 10%. What is the profitability index (PI) and should the project be accepted?
a.
PI=1.10, Reject Project
b.
PI=1.10, Accept Project
c.
PI=1.03, Accept Project
d.
PI=1.03, Reject project
The profitability index (PI) for the capital budgeting project is 1.03, and the project should be accepted. Option C is the correct answer.
The PI is calculated by dividing the present value of future cash flows by the initial investment. In this case, the project requires an initial investment of $200,000 and generates annual cash flows of $65,000 for four years. By discounting these cash flows at a rate of 10%, we find that the present value of the cash flows is $205,038.61.
To calculate the PI, we divide the present value by the initial investment: $205,038.61 / $200,000 = 1.03.
Since the PI is greater than 1, it indicates that the present value of the cash flows exceeds the initial investment. Therefore, the project should be accepted. The correct answer is Option C: "PI=1.03, Accept Project."
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Unlike even-numbered prices, odd-numbered prices:
a.
connote a bargain.
b.
have elastic demand.
c.
make consumers feel they are paying a higher price for a product.
d.
are used for "prestige" items.
Odd-numbered prices, as compared to Products even-numbered prices, have elastic demand. The given statement is true. Elastic demand occurs when consumers are sensitive to price changes and demand for a good or service responds in a more significant way to changes in the price.
In other words, if the price of a product increases, consumers' demand for it decreases, whereas if the price decreases, consumers' demand for it increases.
Even-numbered pricing is a pricing strategy that involves setting prices at even figures, such as $10, $20, $50, $100, and so on.
Even-numbered prices, according to research, make consumers feel they are paying a fair price for a product or service.
Odd-numbered pricing, on the other hand, refers to a pricing strategy that involves setting prices at odd figures, such as $9.99, $13.95, and so on. Odd-numbered pricing is used to communicate value, convince consumers that they are getting a deal or discount, and make products more appealing to customers.
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Which of the following statements about crowding-out effect is true?
A. It cannot completely offset the government spending multiplier.
B. It is probably caused by a budget surplus.
C. It is probably caused by a budget deficit.
D. Only A and B.
E. Only A and C.
The following statements about crowding-out effect is true i.e., It cannot completely offset the government spending multiplier and It is probably caused by a budget deficit. Option E is the correct answer.
According to the crowding out effect, which is a theory of economics, increasing public sector expenditure reduces or even completely eliminates private sector spending. Option E is the correct answer.
The government needs more income to increase spending. It acquires it either by increasing taxes or by borrowing money by selling Treasury securities. Increased taxes may result in lower earnings and spending for both people and enterprises. Based on the supply and demand for money, the crowding out effect exists. According to the hypothesis, when the government implements measures to increase income, such as raising taxes or selling debt security, demand from consumers and businesses for loans with higher interest rates declines.
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Evaluate the extent to which Livestock Wealth is implementing the concepts of "shared value" and "inclusive business" to Livestock Wealth. Provide examples to support your answer.
Livestock Wealth is implementing the concepts of shared value and inclusive business to a great extent. The concept of Shared Value refers to creating economic value in a way that also creates value for society by addressing its challenges.
Shared Value is a business strategy that aims to create long-term social and economic value by identifying and addressing societal needs and challenges. It seeks to address economic and social problems and create a competitive advantage by making a positive impact on society. Inclusive Business refers to the strategy of engaging the poor, or low-income people, as suppliers, distributors, or consumers in the company's value chain. This strategy aims to create a mutually beneficial relationship between the business and its stakeholders. Livestock Wealth has implemented these concepts by creating an online platform that connects investors with farmers. This platform creates shared value by addressing the challenge of poverty and unemployment by providing a sustainable income source for small-scale farmers. Investors purchase cows, and the cows are raised by the farmers. The investor receives a return on their investment, and the farmer receives a sustainable income source.
This model is an example of inclusive business as the company engages the poor as suppliers, in this case, the farmers, and creates value for them.The main answer is that Livestock Wealth is implementing the concepts of shared value and inclusive business to a great extent. The company has created an online platform that connects investors with small-scale farmers. This platform addresses the challenge of poverty and unemployment by providing a sustainable income source for the farmers, who are the suppliers. Investors receive a return on their investment, and the farmers receive a sustainable income source. This model is an example of inclusive business as it creates a mutually beneficial relationship between the business and its stakeholders. In conclusion, Livestock Wealth has implemented the concepts of shared value and inclusive business by creating a platform that addresses societal needs and challenges while creating economic value for the company.
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Steve is a single man who lives by himself. He has one job as computer technician and takes the standard deduction. What is his 2020 Form W-4 likely to report? Oa. Claim 2 allowances Ob. Check the single box in Step 1 only Oc. He can claim any number of withholding allowances that he believes will leave him with proper withholding. Od. Check the single box and report himself as a single dependent on Step 3 Oe. Check the box in Step 2) to reflect his job .
Steve, as a single man living by himself and taking the standard deduction, is likely to report 2 allowances on his 2020 Form W-4. Therefore, option a is correct.
The most likely scenario for Steve, a single man living by himself, with one job as a computer technician, and taking the standard deduction, is to report 2 allowances on his 2020 Form W-4.
The number of allowances claimed on Form W-4 is used to determine the amount of federal income tax withheld from an employee's paycheck. The more allowances claimed, the less tax will be withheld.
In Steve's case, since he is single and has no dependents, claiming 2 allowances is a common choice. The single filing status typically corresponds to 1 allowance, and an additional allowance can be claimed for being independent and not claimed as a dependent on someone else's tax return.
By claiming 2 allowances, Steve is indicating that he wants to have a slightly lower amount of tax withheld from his paycheck, which may result in a slightly higher take-home pay throughout the year. It is important for individuals to consider their specific tax situation and consult the IRS guidelines or a tax professional to determine the appropriate number of allowances to claim on their Form W-4.
Steve, as a single man living by himself and taking the standard deduction, is likely to report 2 allowances on his 2020 Form W-4. This choice allows for a slightly lower amount of tax to be withheld from his paycheck throughout the year.
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Which of the following considerations might guide your decision regarding whether to copy Starbucks or sell coffee in a completely different way
a. Regardless of whether you try to replicate Starbucks' style, it is necessary to differentiate with respect to quality and location. b. Copying Starbucks means that your product is undifferentiated with respect to style and quality, so market power would be impossible to obtain, regardless of location. c. Differentiation with respect to quality is necessary to gain market power, but the additional cost of doing so in the premium coffee market will exceed the additional profits gained. d. It is possible to copy Starbucks and still have some market power, but it would require a careful selection of location. e. Differentiation with respect to style and quality is impossible in a market this saturated-consumers will not be able to discern a significant difference between your coffee and your competitors' coffee
Regardless of whether you try to replicate Starbucks' style, it is necessary to differentiate with respect to quality and location, might guide your decision regarding whether to copy Starbucks or sell coffee in a completely different way. Option A is the correct answer.
Two crucial factors that may be utilized to distinguish an entity's product, particularly in a crowded market, are the quality and location of the product. A quality is always specific to the people concerned. While some aspects of quality can be imitated, quality itself cannot be entirely imitated. A company's physical location guarantees the success of its differentiating strategy. Option A is the correct answer.
Positioning and differentiation are closely connected. Differentiation is a strategy used by businesses to make their goods and services stand out from those of their rivals and offer their customers something special. Differentiation refers to a set of qualities and advantages that help a product stand out and be better for a target market.
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A complaint is an important part of the trial process, because it states the basis for the lawsuit. A complaint consists of the following:
Caption
Statement of jurisdiction
Allegations
Prayer for relief
Signature
Demand for a jury trial
After reading The Legal Odyssey of Mr. Brown: Anatomy of the Litigation Process in your textbook, draft a complaint for Brown. See the Resources folder for an example of a complaint. When you're ready to submit, save this assignment document with your name, and upload it for review.
A complaint is a legal document used to file a lawsuit in court. It states the basis for the lawsuit and includes information about the parties involved, the events that led to the lawsuit, and the relief being sought by the plaintiff.
A complaint is an important part of the trial process, as it initiates the lawsuit and sets the stage for the rest of the litigation process.In the case of The Legal Odyssey of Mr. Brown, a complaint would need to be drafted in order to initiate the lawsuit.
The complaint would include a prayer for relief, which is a statement of the relief being sought by the plaintiff, as well as a demand for a jury trial. The complaint would also need to include information about the parties involved, the events that led to the lawsuit, and any other relevant information necessary to support the plaintiff's case.
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You purchased a machine for $1.05 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 35%. If you sell the machine today (after three years of depreciation) for $764,000, what is your incremental cash flow from selling the machine?
To calculate the incremental cash flow from selling the machine, we need to consider the tax implications and the difference between the selling price and the book value of the machine.
1. Book Value of the Machine:
Since the machine has a seven-year life and has been depreciated straight-line over three years, the accumulated depreciation is (3/7) * $1.05 million = $450,000.Therefore, the book value of the machine after three years of depreciation is $1.05 million - $450,000 = $600,000.2. Taxable Gain/Loss:
The taxable gain or loss is the difference between the selling price and the book value of the machine. In this case, it is $764,000 - $600,000 = $164,000.3. Tax on Gain:
The tax rate is given as 35%. Therefore, the tax on the gain is 35% * $164,000 = $57,400.4. Incremental Cash Flow:
The incremental cash flow is the difference between the selling price and the tax on the gain. In this case, it is $764,000 - $57,400 = $706,600.Therefore, the incremental cash flow from selling the machine is $706,600.
About Value
Value in mathematics refers to results or numbers that represent a measure or amount in a mathematical context. Values can represent various concepts such as numbers, variables, or functions. In mathematics, values are often used to perform calculations, comparisons or modeling of mathematical phenomena.
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