Fiat currency lacks any intrinsic value.
How does Fiat Money work?Government regulation establishes fiat money as legal tender even though it has no fundamental value. Fiat money is based on the creditworthiness of the issuing government instead of the tangible commodities that historically backed currencies like silver and gold.
What Does It Mean to Be a Fiat Currency?A sort of currency known as "fiat currency" is one that is created by the government and is not backed by tangible assets like gold. The term comes from the Latin phrase that means "it shall be." Fiat currency types include the US dollar, euro, and pound.
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Which three of these things should you do when creating a holistic online-to-offline strategy? Choose three.
Select 3 Correct Responses
Encourage siloed organizational structure, budgets, and meetings
Set separate goals and KPIs for each team
Incentivize teams with unified goals and KPIs
Get to know different teams and what they’re measuring to track against their goals
Suggest organizational changes to meeting structure, media budgets and KPIs.
The three things you should do when creating a holistic online-to-offline strategy are:
Set separate goals and KPIs for each team.Incentivize teams with unified goals and KPIs.Suggest organizational changes to meeting structure, media budgets and KPIs.Set separate goals and KPIs for each team will help ensure that each team is working towards specific, measurable targets and can track their progress towards those goals. By offering incentives for teams that work towards common goals and KPIs, you can encourage collaboration and alignment across the organization. By making suggestions for changes to how the organization operates, you can help ensure that all teams are working towards a common goal and that resources are being used effectively.
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On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders' equity accounts of the two companies at the acquisition date are:
Pleat
Stitch
Common Stock ($5 par value)
$
500,000
$
200,000
Additional Paid-In Capital
300,000
80,000
Retained Earnings
350,000
150,000
Total Stockholders' Equity
$
1,150,000
$
430,000
Noncontrolling interest was assigned income of $11,000 in Pleat's consolidated income statement for 20X9.
Based on the preceding information, what amount will be assigned to the noncontrolling interest on January 3, 20X9, in the consolidated balance sheet?
$68,800
$86,000
$44,000
$50,000
The last option $ 1,236,000 is correct. The whole stockholders' equity of Pleat plus the non-controlling stake in Stitch make up the two firms' combined equity accounts at the time of the purchase.
Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a stockholders. The firm is primarily owned by its stockholders, who also have specific rights and obligations. With this ownership structure, they may profit from a company's success. These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for owners or portfolio reductions. Additionally, shareholders have specific rights, such as the ability to approve the board of directors at shareholder meetings, dividend payments, and mergers.
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What is the mcdonough school of business?
Georgetown University's McDonough School of Business builds global business knowledge and inspires ethical leaders to serve the common good.
What qualifies as an enterprise?A company or entrepreneurial entity that engages in business, industrial, or professional activity is referred to as a business. Both for-profit and nonprofit organizations can operate as businesses. Limited liability firms, corporations, partnerships, and sole proprietorships are all examples of different business structures.
Why is business such a big deal?Our lives depend on business in many ways. To begin with, they provide products and services to meet our needs and desires. Then, they employ homes as workers and pay them for their services with wages, salaries, and benefits. As a result, it turns into a source of revenue that they may utilize to support their way of life.
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Joanne applies for a job as a part-time manager at a fast-food restaurant. Her MBA makes her overqualified for the job, yet the position goes to someone else who doesn’t have a college degree. Consider the following statement: "The aforementioned scenario was caused by asymmetric information." This statement is: A. True B. False
Joanne submits an application to work as a temporary manager at a fast-food establishment. She is overqualified for the job due to her MBA, but someone without a college degree was chosen instead. Think about the sentence, "Asymmetric information triggered the aforementioned circumstance." This assertion is True.
So, the correct option is (A).
What is fast-food?With a significant emphasis on speed of serving, fast food is a category of mass-produced cuisine intended for commercial resale. It is a word used in commerce to describe meals served in containers for takeout or takeaway that contains frozen, previously heated, or previously cooked components. In order to serve a huge number of harried commuters, tourists, and wage workers, fast food was developed as a business strategy. Globally, the value of the fast food sector was estimated at $570 billion in 2018. The drive-through has always set fast food restaurants apart. Outlets could be stands or kiosks that don't offer any protection or sitting, or they could be fast food joints (also known as quick service restaurants).
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in the 1990s, managed care was widely credited for enabling small employers to offer health insurance to their employees.
In the 1990s, managed care was widely credited for enabling small employers to offer health insurance to their employees. Research demonstrates that as managed care has expanded, the quality of care has decreased.
Why did MCOS—managed care organizations—start out in the US?Managed care is not a single activity but a spectrum of actions carried out in a variety of organizational settings, and it was developed in the United States as a response to rising healthcare prices and inefficient fragmented systems.
Originally used to describe prepaid health plans (sometimes referred to as "HMOs") that provide care through a network of providers on a set budget and control expenses. The phrase is increasingly also used to refer to preferred provider groups (PPOs). Controlling a service's geographic dispersion is the goal of horizontal integration.
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mrs. heyer inherited real estate from her mother. the mother's basis in the real estate was $382,000, and the fair market value at the date of the mother's death was $900,000. the mother's taxable estate was only $2.4 million, so the estate did not owe any federal estate tax. this year, mrs. heyer sold the real estate for $875,000. compute her gain or loss recognized on sale. multiple choice $493,000 gain $25,000 loss $0 $875,000 gain
The correct answer is Gain of $493,000 as the difference between Mrs. Heyer's basis in the property, which was identical to her mother's basis of $382,000, and the sales price of $875,000 constitutes Mrs. Heyer's gain on the sale of the real estate. As a result, the sale's gain was recorded at $493,000 ($875,000 - $382,000).
The difference between an asset's sale price and its cost or valuation less cumulative depreciation as of the disposal date determines the gain or loss on disposal of that asset.
A disposal account, which is a gain or loss account that appears in the income statement, is used to record the difference between the disposal proceeds and the net carrying amount of the fixed asset being sold.
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TRUE/FALSE. vertical cmarketing chaneel green supply chain multiered marketing channelinstacart an online store that delivers its products to homes in and around
True, smart shoppers has most likely developed a B) green supply chain.
The operational management technique and optimization approach to lessen the environmental impact throughout the life cycle of the green product, from the raw material to the finished product, could be referred to as a green supply chain or sustainable network. A clever shopper can be identified using a few basic guidelines. A knowledgeable shopper acts "smartly" when buying purchases. People gather as much information as they can to make the best decision possible on the commodity or service they desire to purchase. Smart shopping campaigns automatically analyze data from enquiries, intent signals, basket size, and customer preferences on brands and products to discover trends that are related to online conversion value. Smart shopping campaigns are one of the marketing modalities that emphasize performance the most.
Note that the correct question is:
Smart Shoppers has most likely developed a(n) ________. Is it true/false?
A) vertical marketing channel
B) green supply chain
C) multitiered marketing channel
D) intermodal transportation system
E) hybrid distribution system
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Refer to the figure above. Based on the Keynesian cross diagram, if output equals 5,000, planned aggregate expenditure is ______ output and firms will ______ production.
less than and decrease
Based on the Keynesian cross diagram, if output equals 5,000, planned aggregate expenditure is less than output and firms will decrease production.
Aggregate expenditure (AE), a measure of national income in economics. The present value of all the finished goods and services in the economy is known as aggregate spending. The aggregate expenditure is the total of all of the elements' economic expenditures made over a specific time period. It is the amount spent on consumer products, planned investments, and government expenditures in the economy. The difference between exports and imports is also included in aggregate expenditure in an open economy scenario.
The definition of aggregate expenditures is textstyle AE=C+I p+G+N X textstyle AE=C+I p+G+N X
I p>C = Household Consumption
I p = Investment ( G) Planned
Spending by the government is denoted by the symbol G.
Exports minus imports equal net exports (N X).
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the management of penfold corporation is considering the purchase of a machine that would cost $330,000, would last for 6 years, and would have no salvage value. the machine would reduce labor and other costs by $65,000 per year. the company requires a minimum pretax return of 9% on all investment projects. click here to view exhibit 14b-1 and exhibit 14b-2, to determine the appropriate discount factor(s) using the tables provided. the net present value of the proposed project is closest to (ignore income taxes.)
The suitable discount factor(s) utilising the given tables. Ignoring income taxes, the proposed project's net present value comes closest to $38415.
What is income?Income is that the consumption associate degreed saving chance gained by an entity inside a specified timeframe, that is mostly expressed in financial terms. Income is troublesome to outline conceptually and therefore the definition could also be totally different across fields. For instance, an individual's financial gain in associate degree economic sense could also be totally different from their financial gain as outlined by law.
An extremely vital definition of financial gain is Haig–Simons financial gain, that defines financial gain as Consumption + modification in internet value and is wide utilized in political economy.
For households and people within the us, financial gain is outlined by jurisprudence as a total that features any wage, salary, profit, interest payment, rent, or alternative variety of earnings received in an exceedingly civil year. Discretionary financial gain is usually outlined as gross financial gain minus taxes and alternative deductions (e.g., obligatory pension contributions), and is wide used as a basis to check the welfare of taxpayers.
Discount factor(s) using the tables are given below:
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rodriguez company completed its income statement and comparative balance sheet for the current year and provided the following information: income statement for current year service revenue $ 52,000 expenses salaries $ 41,900 depreciation 7,700 amortization of copyrights 220 other expenses 10,500 60,320 net loss $ (8,320) partial balance sheet current year prior year accounts receivable $ 9,600 $ 16,400 salaries payable 14,300 1,500 other accrued liabilities 2,700 6,000 in addition, rodriguez bought a small service machine for $5,600. required:
The net cash flow from operating activities is $15,900 as per the cash flow statement.
The financial statement that tracks the input and outflow of cash from a firm or business is called a cash flow statement. This declaration is crucial since it guides the managers of the company when deciding whether to borrow money or make investments.
For Rodriguez Company, the operating activities component of the cash flow statement is computed as follows:
Net Loss $(8,320)
Adjustments:
Depreciation expense $7,700
Amortization of copyright $220 $ 7,920
Change in working capital
Decrease in accounts receivable $6,800
Increase in salaries payable $12,800
Decrease in other current liabilities $ (3,300) $16,300
Net cash flow from operating activity $15,900
Therefore $15,900 is the net cash flow from operating activities.
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One of the most common causes of a materials price variance is an unexpected change in
a. raw materials costs. b. machinery c. employee turnover. d. the manufacturing process.
One of the most common causes of a materials price variance is an unexpected change in raw materials costs (A).
Raw material is the basic material from which a product is made. Raw material costs can change unexpectedly which causes a material price variance. This material price variance happens when there is a difference between the actual price paid for materials in production and the standard price of the material. Of course this difference will not be favorable if the actual price paid is higher than the standard price. Various factors may contribute to this unexpected price change, including a price increase, transportation expenses, or the quality of materials.
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You have your crypto portfolio (all the different cryptos you own) in a cold
wallet (not connected) at a custodial crypto exchange (like Coinbase). Are your
cryptos FDIC insured?
OA. Yes.
OB. No.
OC. You can't tell by the information given.
Since have your crypto portfolio (all the different cryptos you own) in a cold wallet (not connected) at a custodial crypto exchange (like Coinbase). Are your cryptos FDIC insured is Option C: You can't tell by the information given.
What occurs if you transfer cryptocurrency to a cold wallet?Keeping all of your cryptocurrencies in one wallet has a few advantages. Convenience comes on the list. You will save time and transaction fees by having them all in one location, or even simply your lump sum, which will also make it easier for you to keep track of your portfolio.
By putting your digital assets offline and storing your cryptocurrency in a digital wallet, cold storage can preserve them. These digital wallets are less vulnerable to attacks because they aren't online.
Note that keeping it in one place does not keep it safe as system can be vulnerable anytime.
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Marwick Corporation issues 12%, 5 year bonds with a par value of $1,230,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%. What is the bond's issue (selling) price, assuming the following Present Value factors:Present Value of an Annuity (series of payments)3.6048 7.3601 3.7908 7.7217
The selling price of bond is 1324958.
As per the given data,
we need to find bond's issue (selling) price by assuming the given Present Value.
According to above question,
it is given that,
Marwick Corporation issues 12%, 5 year bonds with a par value of $1,230,000 and semiannual interest payments.
On the issue date, the annual market rate for these bonds is 10%.
Present Value of an Annuity is 3.6048 7.3601 3.7908 7.7217
The selling price (or market value) of a bond is the price of the futures contract that the owner of the bond will receive. Stated another way, the current selling price, present value, or market value of the bond = total annual interest payments PLUS the amount that will be received when the bond matures by both discounted by the current market interest rate . The sum of these two present values = the market value or selling price of the bond.
Bond Valuation
Bond Face Value 1230000
Bond Interest rate 12.00%
Semiannual interest at 73800
123000*12%*6/12
Market Interest Rate (Yield rate) 10.00%
Bond tenure 5
Interest payments Semiannually
Table Values are based on
n (5*2) 10
I (10%/2) 5.00%
Cash Flows Table Value *Amount Present Value
Par (Maturity) value 0.6139* 1230000 755097.00
Interest (annuity) 7.7217* 73800 569861.46
Selling Price of the Bond 1324958
Therefore, the selling price of bond is 1324958.
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to recognize the disposal value of normal spoilage, . question 16 options: manufacturing overhead control account is credited with spoiled goods at current net disposal value. work-in-process control account is debited with spoiled goods at current net disposal value. manufacturing overhead control account is debited with spoiled goods at current net disposal value. materials control account is debited with spoiled goods at current net disposal value.
To recognize the disposal value of normal spoilage , materials control account is debited with spoiled goods at current net disposal value.
Normal spoiling is the term used to describe how things naturally deteriorate while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically thought to be inevitable and expected for a company.
For the product lines they manufacture, businesses often set a regular spoilage rate and charge the costs of such spoiling to cost of goods sold (COGS).
By dividing the amount of normal spoilage by the total amount of units produced, one may get the normal spoilage rate.
Usually included in the price of producing good units are costs associated with typical spoiling.
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domino's and little caesars are competing over the price of pizza. what is the dominant strategy? note: there will be a problem like this one the final.
The correct answer would be opting for the Dominant strategy in game theory by Domino and Little Caesar, where Each business charges $5.
The science of making strategic decisions in situations with several actors is known as game theory. Used by businesses, These can be genuine games or real-world events like combat, interpersonal exchanges, or managerial judgments.
Sometimes, regardless of how other players behave in business, the ideal strategy will remain the same. This is a dominant strategy.
The so-called Nash equilibrium in game theory, on the other hand, describes a mutual understanding rather than a specific plan in which one party is aware of the other's optimal approach and takes it into account when determining their own.
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definition sharpe ratio is used to measure the return of an investment to its risk. it is a mathematical expression that is a measure of the excess return (above the risk-free rate) earned in excess of what would have been earned on a risk vs reward investing investment during the same period. when employed for evaluating a portfolio, the ratio can be computed for any number of time periods. for example, the ratio may be computed from daily price data to evaluate performance over one year, or from monthly returns to monitor results over three years.
The return on an investment is compared to its risk using the Sharpe ratio. It is a mathematical statement of the idea that, rather than indicating an investor's skill level.
The Sharpe ratio, also known as the reward-to-variability ratio, was developed by economist William F. Sharpe as a byproduct of his work on the capital asset pricing model (CAPM) in 1966. In 1990, Sharpe's work on the CAPM earned him the economics Nobel Prize.
The difference over time between realised or predicted returns and a benchmark, such as the risk-free rate of return or the performance of a specific investment category, is the numerator of the Sharpe ratio. The same period's standard deviation of returns serves as its denominator.
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as a result of the tariff, there is a deadweight loss that amounts to group of answer choices d f. e. b. b d e f.
As a result of the tariff, there is a deadweight loss that amounts to (Option C) D+F.
Any product or service's "deadweight loss" is the difference between its production and consumption, including any applicable taxes. When the quantity produced compared to the quantity consumed differs from the optimal concentration of excess, deadweight loss is most frequently present.
The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss. A deadweight loss, a term mostly used in economics, refers to any deficit brought on by an inefficient resource allocation.
A deadweight loss of D+F is experienced as a result of the tariff.
E represents the money from tariffs.
Consumer surplus after the tariff is A+B.
Therefore, D+F (Option C) is the right response.
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FILL IN THE BLANK. goods like bridges and roads that are exclusive but nonexhaustive are known as___goods
Goods like bridges and roads that are exclusive but nonexhaustive are known as toll goods
Toll goods are goods or services that are provided by a private company or individual and are accessed by paying a fee upfront. These goods or services are often exclusive, meaning that they are not available to the general public and are only accessible to those who are willing to pay the toll. Examples of toll goods include bridges, tunnels, and roads that are operated by private companies and are accessed by paying a fee
These goods are non-exhaustive, meaning they are not used up or consumed in the service process. Instead, they remain available for use by paying customers as long as they are maintained and operated. Toll goods can provide a source of revenue for private companies that operate them, and can also help to manage demand by limiting access to those who are willing to pay the toll.
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when taking into account cultural differences, sidney gray used the dimension to measure the degree to which companies disclose information to the public.
Sidney Gray utilized the secrecy-transparency dimension to assess how much information businesses release to the public while accounting for cultural variations.
Transparency denotes honesty, openness, and responsibility. In businesses, organizations, governments, and communities, transparency is practiced. For instance, in a commercial connection, a transparent agent clarifies prices upfront so there are no unforeseen costs afterward.
Being open and honest is not a weakness, but rather a strength. Companies will be able to get new perspectives, new thoughts, and improved understanding through exchanging ideas and information. If you can learn to be open and honest, problems will be resolved more quickly and effectively.
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Daisy and Petunia are flower vendors that operate in a duopoly (two-firm oligopoly). The daily marginal cost (MC) of producing a bouquet of flowers is constant and equals $0.40 per bouquet. Assume that neither firm had any startup costs. That is, marginal cost equals average total cost (AC) for each firm. Suppose that Daisy and Petunia form a cartel, and the firms divide the output evenly. (Note: This is only for convenience, since nothing in the model requires that the two companies must equally share the output.) Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and combined quantity of output if Daisy and Petunia choose to work together. Note: Drop lines will extend to both axes automatically. ? 2.00 1.80 Monopoly Outcome 1.60 1.40 1.20 PRICE (Dollars per bouquet) 1.00 0.80 0.60 MC = AC 0.40 0.20 MR Demand 0 40 360 400 80 120 160 200 240 280 320 QUANTITY (Bouquets of flowers per day) When they act as a profit-maximizing cartel, the total industry profit in the flowers market is per day. Suppose the flowers each company produces are regarded as perfect substitutes, such that if either company charged a price lower than the other, that company would receive all the business and profits in the industry. If both firms attempt to undercut each other, however, the result would be pricing at marginal cost and zero profit for both firms. The two firms intend to operate together in this market indefinitely, and at the beginning of each day, both firms individually choose whether to continue charging the collusive price. A firm that undercuts in a given month will receive (almost) the entire monopoly profit in that period, but no profit in any future periods. If the probability that both firms will continue operating and charging the collusive price in the next period is 0.60, then the expected stream of profits for one firm in the collusive equilibrium is Tacit collusion is therefore in this scenario. Suppose a third firm with the exact same costs and similarly substitutable flowers enters the market. If this firm joins the cartel, the expected stream of profits for an individual firm is now (again assuming a probability of 0.60 that production occurs in the next period). In this case, a tacit collusive agreement is
In a duopoly, the profit-maximizing price and quantity would be determined by the intersection of the two firms' marginal revenue (MR) curves. The MR curve for a firm in a duopoly is the same as its demand curve, shifted down by the quantity produced by the other firm. In this case, since the firms are dividing the output evenly, each firm's MR curve is the demand curve shifted down by half the quantity.
The demand curve for this market is downward sloping, meaning that as the price decreases, the quantity demanded increases. The marginal cost of production is constant at $0.40 per bouquet, so the profit-maximizing quantity will be where the MR curve intersects the MC curve.
The profit-maximizing price and quantity can be found by drawing the MR curve and MC curve on the graph provided. The MR curve will start at the top left corner of the graph and slope downward, while the MC curve will be a horizontal line at $0.40. The point where the MR curve intersects the MC curve will be the profit-maximizing price and quantity.
The total industry profit in the flower market is the area between the demand curve and the MC curve, above the profit-maximizing price and quantity. This can be calculated by finding the difference between the price and the MC at the profit-maximizing quantity and multiplying it by the quantity.
In the case of tacit collusion, the two firms agree to charge the profit-maximizing price and quantity, even though they could potentially increase their profits by undercutting each other. This is because if one firm undercuts the other, it will receive all the profits in the short term, but no profits in the long term as the other firm will also undercut in response, leading to pricing at marginal cost and zero profit for both firms.
If a third firm enters the market and joins the cartel, the expected stream of profits for an individual firm would remain unchanged, as the third firm would also be charging the collusive price and the cartel would still be dividing the output evenly. However, the total industry profit may increase due to the increase in the quantity produced.
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capital asset planning (cap) is an investment adviser registered in states a, b, and c. cap has no place of business in state d. the registration prov
Accredited investors are those who have demonstrated their ability to make financial decisions based on objective criteria. The goal of capital asset management planning is to forecast future capital requirements and create plans and initiatives to meet those demands.
If an investment adviser's only clients are other investment advisers, broker-dealers, and institutional clients, then the adviser does not need to register in the state even if he does not have a physical presence there.
Accredited investors can be either large institutions or retail (individual) investors who meet specified financial requirements; either can qualify for the exemption unless the choice explicitly excludes institutions. Because of the nature of the inquiry, the exemption does not apply.
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The right question is:
Capital Asset Planning (CAP) is an investment adviser registered in states A, B, and C. CAP has no place of business in state D. The registration provisions of the Uniform Securities Act would not apply to CAP in state D if it confined their advisory business in state D to all of these EXCEPT
other investment advisersbroker-dealersindividuals qualifying as accredited investorssavings and loan associationsa battery manufacturer warrants its automobile batteries to perform satisfactorily for as long as the owner keeps the car. auto industry data show that only 20% of car buyers retain their cars for 3 years or more. historical data suggests. Owned Probability of Battery Failure Battery Exchange Costs % Failed Batteries Returned Less than 3 3 or more 0.2 0.6 $50 $20 75% 50% If 50,000 batteries were sold this year, what is the estimated warranty cost?
Previous question
Warranty rate is the cost associated with a defective product repair, replacement, or refund. A guarantee comes with a assurance period at some stage in which the supplier or manufacturer of the good is responsible for any defects that may also show up at some stage in the use of the product.
How do you calculate estimated guarantee payable?To calculate the warranty expense, first determine out how many products will want repair or replacement:
Total variety of devices sold X Percentage of gadgets that are defective. Units wanting repair or replacement X cost per unit to repair or replace. 14 water bottles x $4 per water bottle = $56 cost of inventory.
Is warranties Payable an estimated liability?Warranties payable. Warranty legal responsibility is an example of an estimated liability. It is an estimated legal responsibility due to the fact it arises from the estimates of the business entity that there may be merchandise that were out in the market that have defects.
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https://brainly.com/question/15415456#SPJ4an automobile company is focused on creating convertible and crossover vehicles. recently, the company announced it will begin selling suvs and mini vans to its current customers. what strategy is it following? an automobile company is focused on creating convertible and crossover vehicles. recently, the company announced it will begin selling suvs and mini vans to its current customers. what strategy is it following? market penetration diversification product development market development
An automobile company is focused on creating convertible and crossover vehicles. recently, the company announced it will begin selling SUVs and mini vans to its current customers. The strategy is product development.
The product development is the development of new product or modified/update the existing products to increase sales and offering those products into current or new market-places.
The product development is done by step-by-step which include idea generation, product definition, prototyping, initial design, validation and testing and last commercialization.
The company is focused on creating convertible and crossover vehicles and it will begin selling SUVs and mini vans to its current customers by adopting product development strategy.
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which of the following is a conclusion that can be drawn regarding market efficiency from capital market history? multiple choice question. prices do not respond rapidly to new information if mispriced stocks exist, there is an obvious way of identifying them the market response to new information is very different from what we would expect in an efficient market future market prices are hard to predict based on publicly available information
Historical data on the capital market addressing market efficiency, it is hard to predict future market price based on the information available to public.
What three factors most affect market efficiency?
Allocative, operational, and informational market efficiency are the three most prevalent categories. Other forms of efficient markets are acknowledged as well, though. Arbitrage is the practise of trading to profit from differences in price of financial products between two or more markets. Arbitrage proximity is a way to gauge market efficiency.
What kinds of capital efficient markets are there?Capital Market Efficiency measures how correctly the current stock prices reflect the information currently accessible in the market. Capital market efficiency can be divided into three categories: weak form, semi-strong form, and strong form.
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recapitalization tartan industries currently has total capital equal to $4 million, has zero debt, is in the 25% federal-plus-state tax bracket, has a net income of $1 million, and distributes 40% of its earnings as dividends. net income is expected to grow at a constant rate of 3% per year, 200,000 shares of stock are outstanding, and the current wacc is 12.30%.
Part a. The current stock price is $16.99
Part b. The new stock price is $15.92.
A stock entitles investors to future residual earnings of a firm through the distribution of dividends. The price of a stock is therefore strongly tied to the expected future stream of dividends. The dividend growth model assumes dividend grows at a constant rate indefinitely and offers a simple expression for the stock price.
Part a.
We can use the dividend growth model to compute the stock price as follows:
stock price = current dividend per share *(1 + dividend growth rate) / (required return - dividend growth rate).
The current dividend per share = 1 million * 40% / 250,000 = 1.6.
Dividend growth rate = growth rate of net income = 3%,
the required return = WACC = 12.30% (because the firm is an all-equity firm). Applying the dividend growth model, the price of the stock = 1.6*(1 + 3%) / (12.30% - 3%) = 16.98
Part b.
Applying the Modigliani-Miller theorem
The value of the levered firm = value of unlevered firm + value of debt * tax rate = 4 million + 2 million * 40% = 4.8 million.
So the value of the equity after recapitalization = 4.8 - 2 = 2.8 million.
The number of shares outstanding = 250,000 - 2 million / 16.98 = 103062
So the value per share = 2.8 million / 175,898 = 27.16
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deliah was married with two dependent children when her husband died in august 2021. she has not remarried. deliah's correct and most favorable filing status for tax year 2021 is: single. married filing jointly. head of household. qualifying widow(er).
Delilah's correct and most favorable filing status for tax year 2021 is married filing jointly.
What is meant by tax?
In accounting, tax refers a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure.
Given,
Delilah was married with two dependent children when her husband died in august 2021. she has not remarried.
Here we need to find the Delilah's correct and most favorable filing status for tax year 2021.
As per the definition of tax, filing status is used if one spouse dies during the year and the surviving spouse does not remarry before the end of the year is Married filing jointly (or separately).
Therefore, option (b) is correct.
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veritas inc. has decided to acquire a new hydraulic excavator. it has three options. caterpillar: purchase cost of $346,482 and operating costs of $20,744 per year (paid at the end of each year). john deere: purchase cost of $282,790 and operating costs of $20,485 per year (paid at the end of each year). volvo: purchase cost of $309,096 and operating costs of $18,393 per year (paid at the end of each year). Assume that Geek Inc. has a budget of $337,115 for this investment and all excavators have a service life of 10 years. Based on the defender-challenger approach and given that the MARR is 11%, reinvestment rate is 9%, and minimum external rate of return is 9%, compute the incremental Benefit-Cost ratio of choosing the best excavator (in economic terms) and then indicate your recommendation as follows: - answer "O" (without the commas) if your recommendation is the Caterpillar; - answer "1" (without the commas) if your recommendation is the John Deere; - write down as your answer the value of the incremental B-C ratio if your recommendation is Volvo. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas.
since B-C ratio is 0.34 which is greater than, challenger should be selected. An upper carriage with a hydraulically rotating top deck (revolving 360 degrees) and attachment make up a hydraulic excavator.
directly attached to a crawler or wheeled undercarriage. A bucket, grapple, scrap shear, or similar tool may be found on the front end of an excavator attachment. Through a hydraulic swivel at the pin's axis, high-pressure oil is sent to the tracks' hydraulic motors, enabling the machine to slew 360° without being obstructed and providing the left- and right-moving action. The closer-and-further (or digging action) motions are performed by the arm. An excavator is mostly used for trenching, drilling holes, and laying foundations since it has the strength to carry out these jobs far more quickly and efficiently than any other piece of heavy machinery available today.
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George and Aimee are married. George has wage income of $190,000 and Aimee has a sole proprietorship that generated net income of $85,000. They also have interest and dividend income of $21,000. Compute any NIIT and Additional Medicare Tax they owe for the current year.
The net investment income tax will be $798 and the Additional Medicare Tax they owe for the current year is $225.
Before taxes, the income from investment assets such bonds, equities, mutual funds, loans, and other investments is known as net investment income (NII) (less related expenses). Whether net investment income consists of capital gains, dividends, or interest will affect the individual tax rate.
A realised gain or loss is the result of the transaction proceeds when investors sell assets from their portfolios. The realised profits may include capital gains from the sale of shares, interest income from fixed income investments, dividends paid to company shareholders, rental income from real estate, certain annuity payments, royalties, etc. The net investment income is the difference between any realised gains (before taxes) and any trade commissions or fees (NII).
In the given question,
Net Investment Income Tax = 3.8% of Net Investment Income
= 3.8% of $21,000
= $798
Additional Medicare Tax = 0.9% of 25,000
= $225
Income of George and Aimee is $190,000 + $85,000 = $2,75,000
(Additional Medicare tax is made on excess of $2,50,000 income for married couples filing jointly i.e $2,75,000 -$2,50,000 = $25,000)
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an investment adviser is registered in state a and state b. an investment adviser representative of that firm:
IARs (investment advisory representatives) are qualified employees who work for investment advisory firms and are allowed to interact with clients. As a financial adviser or financial planner, an IAR's main duty is to offer advice on investments.
Individuals must pass the required licencing exam or exams and register with the necessary regulatory organizations in order to become IARs.
IARs frequently take part in the following activities, in more detail:
Make Recommendations: IARs use their knowledge and discretion to suggest various securities. They might decide to propose a customer buy after reviewing a research note using the information that their company has done.
Manages Client Accounts: This covers all facets of account management, including handling discretionary accounts and keeping track of administrative problems. For instance, an IAR can ask a shareholder for more money to settle a pending trade.
IARs may offer general investment advice as part of their advisory services. You may write a weekly investment column for a newspaper or provide a daily market update on a local television station, for instance.
Controlling Other IARs: An IAR may oversee other IARs.
An investment adviser representative (IAR) is an individual who works for a registered investment adviser (RIA) and is authorized to provide investment advice to clients on behalf of the RIA. If an RIA is registered in multiple states, an IAR working for that RIA may be authorized to provide investment advice to clients in any of those states. However, an IAR must still comply with the laws and regulations of each state in which they provide investment advice, including any specific licensing or registration requirements that may apply. It is important for IARs to understand and comply with the laws and regulations of each state in which they operate, as failure to do so could result in disciplinary action by regulatory authorities.
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madeline rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. right now, madeline is living at home and works in a shoe store, earning a gross income of $1,020 per month. her employer deducts a total of $200 for taxes from her monthly pay. madeline also pays $130 on several credit card debts each month. the loan she needs for chiropractic school will cost an additional $170 per month.
The following question can be solved with the help of the following formula of debt to income ratio.
Debt to Income ratio = Debt Payments/Gross Monthly Income
820 - 145 = 675
95 / 675 = .14 14% without college loan
95 + 120 = 215
215 / 675 = .32 32% with college loan
Debt to income ratio (DTI) compares your monthly loan payments to your monthly income. It refers specifically to the portion of your gross monthly income (before taxes) that is used to pay off debts such as rent, a mortgage, credit cards, and other obligations.
Lenders look at your DTI when you ask for credit to help them assess the risk of you taking on additional obligations. Make your own debt-to-income calculations using the information below, and learn what it means to lenders.
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