The court will likely find that the disclaimer on the surfboard was not an effective disclaimer of the warranty of merchantability.
The court will likely find that the disclaimer on the surfboard was not an effective disclaimer of the warranty of merchantability.A warranty of merchantability is a promise made by a seller that the goods will reasonably meet the expectations of buyers. It means that the goods are fit for their ordinary purpose. Since John Michael claimed that the store had breached the warranty of merchantability by selling him a surfboard that could not be used for normal surfing, the store will have to provide a replacement or refund the money. Even though the label on the surfboard stated that "Surf’s Up makes no warranties about the quality of this product," such a disclaimer does not protect the seller from liability for all injuries or damages that occur from a product's use.The court will likely find that the disclaimer on the surfboard was not an effective disclaimer of the warranty of merchantability.
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Suppose you invested $94 in the Ishares High Yield Fund (HYG) a month ago. It paid a dividend of $0.50 today and then you sold it for $95. What was your dividend yield and capital gains yield on the investment?
Given, Amount invested = $94 Dividend paid = $0.5 Selling price = $95 The dividend yield is the amount of dividend paid as a percentage of the price paid for the security.
Capital gain yield is the percentage gain earned on the security assuming it was sold at the current market price. Initial price
= $94 Dividend paid
= $0.5Price after dividend payment
= $95 - $0.5 = $94.5
Dividend yield
= (Dividend per share / Price per share) x 100% Dividend yield
= (0.5 / 94) x 100% Dividend yield
= 0.53% Current price
= $95Capital gain
= $95 - $94
= $1 Capital gain yield
= (Capital gain / Initial price) x 100%Capital gain yield
= (1 / 94) x 100%Capital gain yield
= 1.06%
Therefore, the dividend yield is 0.53% and the capital gain yield is 1.06%.
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Which of the following statements is incorrect? O a. Entrepreneurship requires a balance between risk propensity and financial motivation O b. None O c. True entrepreneurship is limited to developed nations that can exploit resources efficiently. O d. Entrepreneurial thinking is not as important as entrepreneurial action. Oe. Entrepreneurship is a method that requires practice.
True entrepreneurship is limited to developed nations that can exploit resources efficiently.
Which statement regarding entrepreneurship is incorrect?Entrepreneurship is not limited to developed nations or specific resource utilization.
Entrepreneurship can thrive in any country or context, regardless of the level of development or resource availability.
Entrepreneurship is about identifying opportunities, taking risks, and creating value through innovative thinking and action.
It is not restricted to any particular region or resource availability. Therefore, statement c is incorrect.
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PPlease make sure to show
where the Consumer surplus etc is on the graph
Consider the Guatemalan market for soybeans. The following graph shows the domestic demand and domestic supply curves for soybeans in Guatemala. Suppose Guatemala's government currently does not allow
Consumer surplus represents the difference between what consumers are willing to pay for a product and what they actually pay. It is a measure of the net benefit or utility that consumers receive from purchasing a good or service. On a graph, consumer surplus is represented by the area above the market price and below the demand curve.
In the case of the Guatemalan market for soybeans, the consumer surplus would be the area between the market price and the demand curve. It reflects the additional value or benefit that consumers obtain by being able to purchase soybeans at a price lower than their maximum willingness to pay.
To determine the consumer surplus, you would need the specific demand and supply curves for soybeans in Guatemala, along with the equilibrium price at which the quantity demanded equals the quantity supplied. The consumer surplus would be calculated as the difference between the maximum price consumers are willing to pay and the equilibrium price, multiplied by the quantity of soybeans purchased at that price.
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What are the general legal requirements in organizing a
charitable foundation in the Philippines?
To establish a charitable foundation in the Philippines the necessary general legal requirements must be met in order for organizing a charitable foundation to operate legitimately and receive tax exemptions. These legal requirements lays the base on which an effective and efficient charitable foundation is organized.
The general legal requirements for setting up a charitable foundation in the Philippines are as follows:-
Reserve a company name;Prepare Articles of Incorporation and By-Laws;Submit the AOI and by laws to the Securities and Exchange Commission (SEC) for approval;Acquire a Tax Identification Number (TIN);Receive a certificate of incorporation; Register with the Bureau of Internal Revenue (BIR) for tax exemptions.To learn more about "Charitable Foundation" visit: https://brainly.com/question/27627435
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Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable $52.000; Allowance for Uncollectible Accounts $1,200(credit) On December 31, 2021, Physicians' estimates uncollectible accounts to be 10% of accounts receivable.
Required:
1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
The adjusting entry for uncollectible accounts on December 31, 2021 is:
2021 Dr.(in$) Cr.(in$)
31 Dec Bad debts Expenses 4000
Allowance for Uncollectible Accounts 4000
Allowance for uncollectible accounts receivable is a contra-asset account on the balance sheet that is used to reduce the value of accounts receivable to their net realizable value. This account is created to estimate the amount of accounts receivable that are unlikely to be collected from customers.
In above case :
uncollectible accounts at 10% of accounts receivable is calculated as =($52,000*0.10)-$1200
=$5200-$1200
=$4000
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According to the accountability principle, the file clerk supervisor shall oversee the information governance program.
a. true
b. false
According to the accountability principle, the file clerk supervisor shall oversee the information governance program, the given statement is False.
What is the accountability principle?The accountability principle is one of the information governance (IG) principles. An organization's workforce should be assigned clearly defined duties and responsibilities for IG. The accountability principle is concerned with establishing a clear chain of responsibility for decisions and actions that affect information governance (IG) practices.
According to the accountability principle, everyone in the organization is responsible for information governance. Although specific tasks and duties should be allocated, it is everyone's responsibility to adhere to best practices and policies in their day-to-day activities.
A file clerk supervisor is someone who is responsible for maintaining order and organization among filing clerks. A supervisor in charge of file clerks, as the name implies, oversees file clerks, ensuring that their tasks are completed accurately and on time and ensuring that records are kept in good order.
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Why
Amazon hasn't started a business here in Pakistan ? Explain in
Detail
The reason behind amazon not starting a business in Pakistan is because of the regulation, infrastructure, logistics, political instability and cultural barriers.
Amazon hasn't started a business in Pakistan for the following reasons:
1. Regulatory Environment: One of the primary reasons Amazon has not started operations in Pakistan is the lack of a conducive regulatory environment. Pakistan's regulatory framework is fraught with complexities that make it challenging for foreign businesses to conduct their operations smoothly.
2. E-commerce Infrastructure: Pakistan lacks the necessary infrastructure to support a robust e-commerce ecosystem. The country has limited internet penetration and poor digital connectivity, making it challenging for e-commerce companies to reach customers effectively.
3. Political Instability: Pakistan's political environment is highly volatile, with frequent changes in government resulting in uncertainty for foreign investors. This instability makes it difficult for companies like Amazon to plan long-term strategies and investments.
4. Logistics and Transportation: Pakistan's transportation and logistics infrastructure is not up to par, making it difficult for companies to deliver products effectively. The country's road and rail networks are outdated and poorly maintained, resulting in frequent delays and disruptions in the supply chain.
5. Cultural Barriers: Finally, Pakistan's cultural and societal norms present a challenge for foreign companies looking to do business in the country. These norms, which are deeply ingrained in the country's social fabric, can often clash with the business practices of foreign companies.
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In calculating insurance premiums, the actuarially fair insurance premium is the premium that results in a zero NPV for both the insured and the insurer. As such, the present value of the expected loss is the actuarially fair insurance premium. Suppose your company wants to insure a building worth $430 million. The probability of loss is 1.45 percent in one year, and the relevant discount rate is 2.6 percent. a. What is the actuarially fair insurance premium? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole dollar amount, e.g., 32.) Insurance premium b. Suppose that you can make modifications to the building that will reduce the probability of a loss to .85 percent. How much would you be willing to pay for these modifications? (Enter your answer in dollars not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) Maximum payment
The actuarially fair insurance premium for insuring a building worth $430 million with a 1.45 percent probability of loss in one year and a discount rate of 2.6 percent is $6,261,500.
What is the insurance premium required for insuring a building worth $430 million with a 1.45 percent probability of loss in one year and a discount rate of 2.6 percent?The actuarially fair insurance premium is determined by calculating the present value of the expected loss. In this case, we multiply the value of the building ($430 million) by the probability of loss (1.45 percent) to obtain the expected loss of $6,235,000. To find the actuarially fair insurance premium, we discount this expected loss using the relevant discount rate (2.6 percent). By discounting the expected loss, we arrive at the actuarially fair insurance premium of $6,261,500. This premium ensures that both the insured and the insurer have a zero net present value (NPV) when considering the potential loss.
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Duval Company issues four-year bonds with a $111,000 par value
on January 1, 2020, at a price of $106,880. The annual contract
rate is 8%, and interest is paid semiannually on June 30 and
December 31.
The YTM calculation assumes that the bondholder holds the bond until maturity, reinvests the coupon payments at the same YTM, and the bond issuer makes all payments as scheduled will be approximately 0.598.
To calculate the details related to Duval Company's bonds, we need to consider the bond price, par value, contract rate, and the semiannual interest payments.
Calculate the coupon (interest) payment:
Coupon payment = Par value × Annual contract rate
Coupon payment = $111,000 × 8% = $8,880
Semiannual coupon payment = $8,880 / 2 = $4,440
Determine the number of periods:
To calculate the number of periods, we need to consider the bond's maturity and the interest payment frequency.
Number of periods: 4 years × 2 = 8 periods
Calculate the yield to maturity (YTM):
To calculate the YTM, we can use financial functions or approximation methods. Here, we'll use an approximation method.
Using the approximate formula:
YTM = (Annual coupon payment / Bond price) + [(Par value - Bond price) / Number of periods]
YTM = ($8,880 / $106,880) + [($111,000 - $106,880) / 8]
Calculating the values:
YTM = 0.083 + ($4,120 / 8)
YTM = 0.083 + $515
YTM = 0.083 + 0.515 = 0.598 (approximately)
Therefore, the approximate yield to maturity (YTM) for the Duval Company bonds is approximately 0.598 or 59.8%.
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The following inventory transactions took place for Oriole Ltd. for the year ended December 31, 2020:
Date Event Quantity Cost/Selling Price
Jan 1 opening inventory 25,000 $50.00
Jan 5 sale 6,500 71.00
Feb 15 purchase 32,500 41.25
Mar 10 purchase 9,500 48.00
May 20 sale 41,500 71.00
Aug 22 purchase 14,500 48.50
Sep 12 sale 20,500 71.00
Nov 24 purchase 9,500 58.50
Dec 5 sale 16,700 71.00
Calculate the ending inventory balance for Oriole Ltd., assuming the company uses a perpetual inventory system and the first-in, first-out cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,276.)
Ending inventory $
Unit cost of the last item sold $
The ending inventory balance for Oriole Ltd. is $426,450, and the unit cost of the last item sold is $58.50.
To calculate the ending inventory balance for Oriole Ltd., we need to follow the first-in, first-out (FIFO) cost formula, which assumes that the items sold are from the earliest purchases. Here's how we can calculate it step by step:
Calculate the cost of goods sold (COGS):
COGS = Cost of opening inventory + Cost of purchases - Cost of ending inventory
To calculate the cost of opening inventory:
Cost of opening inventory = Quantity of opening inventory * Cost per unit = 25,000 * $50.00 = $1,250,000
To calculate the cost of purchases:
Cost of purchases = (Quantity of Feb 15 purchase * Cost per unit) + (Quantity of Mar 10 purchase * Cost per unit) + (Quantity of Aug 22 purchase * Cost per unit) + (Quantity of Nov 24 purchase * Cost per unit)
= (32,500 * $41.25) + (9,500 * $48.00) + (14,500 * $48.50) + (9,500 * $58.50)
= $1,343,125 + $456,000 + $703,250 + $556,750
= $3,059,125
To calculate the cost of ending inventory:
Cost of ending inventory = Quantity of ending inventory * Cost per unit
Calculate the quantity of ending inventory:
Quantity of ending inventory = Quantity of opening inventory + Quantity of purchases - Quantity of sales
= 25,000 + 32,500 + 9,500 + 14,500 + 9,500 - 6,500 - 41,500 - 20,500 - 16,700
= 7,300
Calculate the cost per unit of ending inventory:
Cost per unit of ending inventory = Cost of ending inventory / Quantity of ending inventory
Now, let's calculate the values:
Cost of ending inventory = Quantity of ending inventory * Cost per unit = 7,300 * Cost per unit
To find the cost per unit, we can use the FIFO method, which means the cost of the last item purchased (Nov 24 purchase) will be used.
Cost per unit of Nov 24 purchase = Cost of Nov 24 purchase / Quantity of Nov 24 purchase = $58.50
Cost of ending inventory = 7,300 * $58.50 = $426,450
Therefore, the ending inventory balance for Oriole Ltd. is $426,450, and the unit cost of the last item sold is $58.50.
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A) If the Fed decided to increase the current requirement reserve ratio to 12.5%, what would be new total money supply (M1)?
B) If the bank has borrowed an additional $100 from the Fed, what would be the new total Money supply(M1)?
C) If the Fed decided to sell $80 worth of financial securities from the bank, what would be the new total money Supply(M1)?
The money supply is the total amount of money held by households, firms, and the government. The Federal Reserve has the ability to influence the money supply in the economy through a variety of tools. The reserve requirement ratio, borrowing from the Fed, and selling financial securities are some of the tools that can be used to control the money supply.
A)If the Fed decided to increase the current requirement reserve ratio to 12.5%, what would be the new total money supply (M1)?The reserve requirement ratio is the percentage of deposits that banks must hold as reserves.
If the Fed decided to increase the reserve requirement ratio to 12.5%, this means that banks would be required to hold more reserves and would have less money to lend out. This decrease in lending would lead to a decrease in the money supply. The calculation for the new total money supply (M1) is:M1 = Currency in circulation + Checking account deposits + Traveler's checksM1 would decrease due to the decrease in checking account deposits and the decrease in currency in circulation.
The decrease in checking account deposits is due to the fact that banks have to hold more reserves and will have less to lend out, leading to a decrease in deposits. The decrease in currency in circulation is due to the fact that banks will have less money to lend out, leading to a decrease in the amount of currency that people have access to.
B) If the bank has borrowed an additional $100 from the Fed, what would be the new total Money supply(M1)?Borrowing from the Fed is a way for banks to increase their reserves. When a bank borrows from the Fed, it increases the amount of reserves that it holds, allowing it to lend out more money.
The calculation for the new total money supply (M1) is:M1 = Currency in circulation + Checking account deposits + Traveler's checksThe increase in checking account deposits would be equal to the amount of the loan, which in this case is $100. The currency in circulation and traveler's checks would not change.
C) If the Fed decided to sell $80 worth of financial securities from the bank, what would be the new total money Supply(M1)?Selling financial securities is a way for the Fed to decrease the amount of reserves that banks hold.
When the Fed sells financial securities, it takes money out of the banking system, decreasing the amount of reserves that banks hold.
This decrease in reserves would lead to a decrease in the money supply. The calculation for the new total money supply (M1) is:M1 = Currency in circulation + Checking account deposits + Traveler's checksM1 would decrease due to the decrease in checking account deposits and the decrease in currency in circulation. The decrease in checking account deposits is due to the fact that banks will have less money to lend out, leading to a decrease in deposits.
The decrease in currency in circulation is due to the fact that banks will have less money to lend out, leading to a decrease in the amount of currency that people have access to.
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asap thansks
Contrast ethnocentric, polycentric, and geocentric managers, and give a behavioral example of each. Edit Format Table 12pt Paragraph BIUA 2 T² :
Managers make use of different strategies and tactics to manage the organizations. Three of the most common managerial perspectives are ethnocentric, polycentric, and geocentric.
These perspectives define how managers approach cultural differences when they are making decisions. Ethnocentric ManagersEthnocentric managers assume that the methods and approaches they use in their home country are the best, regardless of where they are doing business. They believe that their way is superior to others and they impose their home culture on their employees. Ethnocentric managers use their home-country standards and values in the workplace, regardless of the impact this might have on local employees, suppliers, or clients.
A behavioral example of ethnocentric managers is McDonald's which started its expansion in India. They had their famous beef burger on the menu despite knowing that the majority of the Indian population is Hindu, and therefore, beef consumption is prohibited by their religion. Polycentric Managers Polycentric managers take into account the cultural differences of each country where they are operating. They adapt to the local culture by hiring local employees and empowering them to make decisions.
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True or False? Our town is growing with a doubling time of 40 years so its population will triple in 120 vears. True False
The statement "Our town is growing with a doubling time of 40 years so its population will triple in 120 years" is false because it implies that the population will triple in 120 years when it should quadruple.
If a population is doubling every 40 years, then it will double three times in 120 years since 120 ÷ 40 = 3. Therefore, the population will be eight times larger than the initial population or quadruple in size since 2³ = 8.
Thus, the correct statement should be "Our town is growing with a doubling time of 40 years so its population will quadruple in 120 years."
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(a) Suppose we have preferences U(X, Y) = X^(1/3) Y^(2/3). Create a table and graph/sketch the indifference curve through the bundle X = 10 and Y = 10
(b) Show that the Marginal Rate of Substitution is MRSXY = - Y/2X. Interpret what this means and what it implies about convexity of the indifference curves.
(c) Let prices be Px = 10, Py = 20 and income M = 1000. Draw/sketch the budget constraint. Interpret what the slope of the budget line means in economic terms.
(d) Suppose the consumer wanted to maximize utility subject to their budget constraint. State the consumer’s maximization problem and express this in words.
(e) What are the two conditions (equations) identify the optimum? Sketch this in a figure and explain.
(f) Let U(X,Y) = X1/3 Y2/3 and Px = 10, Py = 20 and income M = 1000. Find optimal X, Y and the resulting Utility.
(g) Now let Px = 12. Find the new optimal X and Y and the resulting Utility. Discuss why Utility falls.
(h) Why didn’t the rise in Px affect consumption of good Y? What is the idea?
(e) The two conditions (equations) that identify the optimum are MUx/Px = MUy/Py, where MU is the marginal utility and P is the price of the good. We can rearrange this equation to solve for Y, which gives us Y = (2/3)(Px/Py) X. The second condition is that the budget constraint is satisfied, which is PxX + PyY = m, where m is the income. We can rearrange this equation to solve for Y, which gives us Y = (m/Px) - (Px/Py)(X). The point where the two equations intersect is the optimum, as it represents the bundle that maximizes utility while also satisfying the budget constraint.
(g) When Px = 12, the new optimal X and Y can be found by plugging this price into the equations we derived earlier. Using the first equation, we have MUx/12 = (2/3)MUy/Py, which can be rearranged to solve for Y in terms of X. Substituting this expression for Y into the budget constraint, we get PxX + Py[(2/3)(Px/Py)X] = m, which can be solved for X. Once we have X, we can plug it back into the expression for Y to get the new optimal bundle.
The resulting utility is lower than before because the increase in Px reduces the consumer's purchasing power, so they can no longer afford to consume as much of both goods. As a result, they must reduce consumption of at least one good, which reduces overall utility.
(h) The rise in Px did not affect consumption of good Y because it has a lower price elasticity of demand than X. This means that consumers are less responsive to changes in the price of Y than they are to changes in the price of X. As a result, a change in Px has a larger effect on the quantity of X demanded than it does on the quantity of Y demanded. This is the idea behind the concept of elasticity, which measures how responsive consumers are to changes in prices.
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otto leads a team of workers at an advertising firm. recently, one of his subordinates, lucy, suggested that the team celebrate a major milestone by taking the afternoon off to go to a baseball game together at the company's expense. otto cannot approve this request, since the team's budget for entertainment is not enough to pay for everyone. what should otto say to lucy when he meets with her to discuss her proposal? multiple choice if you'd thought about the outings we've already been on and how expensive baseball tickets are, you probably wouldn't have made this suggestion. i would be happy to listen to any other ideas you have about how to celebrate our team's achievement. thanks for the suggestion, but the answer is no. once i decide on an alternate, less expensive way of celebrating, you'll be the first to know. i like the baseball game idea, however it's just not possible right now.
"I would be happy to listen to any other ideas you have about how to celebrate our team's achievement." Option b is correct.
By choosing this response, Otto shows openness and receptiveness to alternative suggestions from Lucy. It promotes a collaborative and inclusive work environment where team members' ideas are valued and considered. Otto's response also recognizes the importance of celebrating the team's achievement but acknowledges the budget constraints that prevent approving the specific proposal at this time.
This approach encourages creative thinking and engagement from Lucy and potentially other team members, allowing them to contribute ideas that may align better with the available budget. Otto's willingness to explore alternative ways of celebrating demonstrates effective leadership and maintains a positive team dynamic while ensuring responsible financial management. Option b is correct.
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--The complete question is, otto leads a team of workers at an advertising firm. recently, one of his subordinates, lucy, suggested that the team celebrate a major milestone by taking the afternoon off to go to a baseball game together at the company's expense. otto cannot approve this request, since the team's budget for entertainment is not enough to pay for everyone. what should otto say to lucy when he meets with her to discuss her proposal? multiple choice
a. if you'd thought about the outings we've already been on and how expensive baseball tickets are, you probably wouldn't have made this suggestion.
b. i would be happy to listen to any other ideas you have about how to celebrate our team's achievement.
c. thanks for the suggestion, but the answer is no.
d. once i decide on an alternate, less expensive way of celebrating, you'll be the first to know.
e. i like the baseball game idea, however it's just not possible right now.--
Assume that there are only two people in the world, and each person can produce two products, Bread and Beer. The following table shows Zoe's and lan's production possibility frontiers (per hour). Bread Beer 12 8 Zoe lan 4 4 Zoe has a comparative advantage over lan in the production of Bread. lan has a comparative advantage over Zoe in the production of Beer. Assume that Zoe only produces Bread and lan only produces Beer, and they want to trade afterwards. To benefit both people, the price of Bread (in terms of Beer) needs to be the price of Beer (in terms of Bread) needs to be O a. the price of Bread needs to be between 2/3 Beer and 1 Beer; the price of Beer needs to be between 1 Bread and 5/3 Bread. O b. the price of Bread needs to be between 2/3 Beer and 1 Beer; the price of Beer needs to be between 1 Bread and 3/2 Bread. O C. the price of Bread needs to be between 3/5 Beer and 1 Beer; the price of Beer needs to be between 1 Bread and 3/2 Bread. O d. the price of Bread needs to be between 3/5 Beer and 1 Beer; the price of Beer needs to be between 1 Bread and 5/3 Bread.
The correct option is B the price of Bread needs to be between 2/3 Beer and 1 Beer; the price of Beer needs to be between 1 Bread and 3/2 Bread.
In trade, comparative advantage is a critical element. It is a nation's or entity's capability to provide a certain service or good at a lower cost than another. In this case, since Zoe has a lower opportunity cost of bread production and lan has a lower opportunity cost of beer production, both of them will benefit from trading.Lan, who has a relative advantage in beer, will trade beer to Zoe in return for bread. As a result, they can reach a bargain for the price of beer and bread that benefits them both. Both parties can benefit as a result of exchange since Zoe's bread has a lower opportunity cost for her than it does for lan, while lan's beer has a lower opportunity cost for him than it does for Zoe. As a result, the price of bread should be between 2/3 beer and 1 beer, and the price of beer should be between 1 bread and 3/2 bread.
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Use the following information to answer #10 and #11 Custard's Bakery produces a pie that requires 2.6 pounds of fruit per pie. The allowance for waste and spoilage per pie is.2 pounds and .1 pounds, respectively. The purchase price of fruit is $2 per pound, but a 4% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per pie, and the allowance for rest periods and setup is.2 hours and .1 hours, respectively. The standard direct materials price per pound is: $2.17 $2.09 $2.00 $2.13
The standard direct materials price per pound is $2.00.What is Standard Direct Materials Price?The standard direct materials price is the cost that should have been incurred to purchase the actual quantity of direct materials that was used. The formula for the standard direct materials price is:Standard direct materials price = (Standard quantity of direct materials allowed × Standard price per unit of direct materials)For a pie that requires 2.6 pounds of fruit per pie, the standard direct materials price per pound is:$2.00
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movetar inc., of phoenix need a new long distance moving van that cost $53,000 with an estimated lifespan of six years and salvage value of $11,000. movetar can secure a $53,000 loan from a local bank repayable in six equal payments at a 10 percent interest rate. Alternatively, movetar can lease the van for $15,000 annually. if purchased, movetar will incur an annual maintenace cost of $2,000. Assume a straight line depreciation, a tax rate of 40% and a cost of capital (WACC) of 16%
Given the above information, should movetar, inc. purchase or lease the van. why? provide quatitative support for your recommendation.
To determine whether Movetar, Inc. should purchase or lease the van, we need to compare the present value of cash flows for both options. Let's analyze each option separately and calculate the net present value (NPV) to make a recommendation.
Option 1: Purchase the van
The cost of purchasing the van is $53,000, and it has a salvage value of $11,000 at the end of its six-year lifespan. The loan from the bank is repayable in six equal payments at a 10% interest rate. The annual maintenance cost is $2,000.
To calculate the NPV of purchasing the van, we need to consider the following cash flows:
1. Initial cost: -$53,000 (outflow)
2. Annual maintenance cost: -$2,000 (outflow)
3. Salvage value: +$11,000 (inflow)
4. Loan repayments: There will be six equal payments, including principal and interest. We need to calculate the payment amount using the loan amount, interest rate, and loan term.
Using the loan payment formula, the payment amount for the loan is approximately $10,343.
Now, we can calculate the NPV of the purchase option by discounting the cash flows to their present values using the WACC of 16% and the given tax rate of 40%.
Option 2: Lease the van
Leasing the van has an annual cost of $15,000.
To calculate the NPV of leasing, we consider the following cash flow:
1. Annual lease cost: -$15,000 (outflow)
Similar to the purchase option, we discount this cash flow to its present value using the WACC of 16% and the tax rate of 40%.
By comparing the NPV of both options, we can determine the more financially favorable choice.
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A monopolist faces a demand curve given by P = 210-5Q where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $60. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit? 30 units 21 units 42 units 27 units None of these A monopolist faces a demand curve given by P = 210-5Q where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $60. There are no fixed costs of production. What price should the monopolist charge in order to maximize profit? $60 $30
The monopolist should produce 27 units in order to maximize profit and should charge a price of $135 to maximize profit.
The profit-maximizing level of output can be determined by setting marginal revenue equal to marginal cost. As a result, the monopolist must decide how much to sell at a given price. In a monopoly, demand is a downward-sloping curve, while marginal revenue is less than price as a result of the market power held by the monopolist. The monopolist's profit-maximizing level of output occurs where marginal revenue equals marginal cost, as with competitive markets. The demand curve is given by P = 210-5Q, where P is the price of the good and Q is the quantity demanded. Since the monopolist is a price maker, it can charge any price it wants for the good, but the price must be consistent with the level of demand at that price. The marginal cost of production is $60, and there are no fixed costs of production. As a result, the monopolist's profit-maximizing level of output is determined by setting marginal revenue equal to marginal cost: MR = P + (dQ/dt) * (dP/dQ) = P - 5Q = MC = $60.P = MC + 5Q = $60 + 5Q.Q = (P - $60)/5.
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Explain how the proper implementation of internal controls under
a framework such as the COSO framework can reduce the incidence of
fraud in public companies.
The proper implementation of internal controls under a framework such as the COSO framework can help reduce the incidence of fraud in public companies. COSO framework refers to the Committee of Sponsoring Organizations of the Treadway Commission, and it is a framework designed to support companies to improve their internal control system.
Below are ways in which the proper implementation of internal controls under a framework such as the COSO framework can help reduce the incidence of fraud in public companies:
1. Increase risk assessment: With a robust internal control system, fraud risk is more frequently recognized, evaluated, and mitigated. Employees at all levels are educated on fraud risks, and policies and procedures for mitigating risk are put in place.
2. Detect and prevent fraud: A strong control environment includes policies and procedures that are well documented and communicated, and personnel are trained to recognize potential fraud, detect it, and take the necessary action
3. Monitoring: A monitoring process must be put in place to identify possible fraudulent activities that have occurred. Internal auditors should be engaged in reviewing activities that are considered high risk, and management should act on fraud concerns raised.
4. Segregation of duties: It is essential to ensure that personnel cannot perform incompatible duties to prevent potential fraud. Employees performing related duties should be separated, which provides for additional review of their work and serves as a deterrent to fraudulent activity.
5. Internal Control Environment: A company's internal control environment sets the tone and culture of the organization. If management is not committed to maintaining a strong control environment, the employees are unlikely to take fraud risks seriously, and fraud may go unnoticed.
Finally, it is essential to understand that while proper internal controls help prevent fraud in public companies, they do not provide 100% fraud protection. Therefore, companies should have a proactive and robust monitoring system to help prevent fraud and other unethical activities.
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Suppose you have a clause in a forward purchase contract which gives you a partial timing option: you can buy USD against DEM at a forward rate Ft,t, either at time T, or two months earlier. Right now, you are at the intermediate decision date (T - 2 months). So you have to decide whether to buy now or at T. (a) Assume that, at the beginning of this two-month period, the term structure of compound interest rates is flat for maturities up to one year, with a p.a. DEM interest rate of 10 percent and a USD interest rate of 6 percent. Would you decide to buy the USD now (t = T - 2 months), or would you rather wait? Make this decision in each of the following nine situations regarding the current spot rates St and contractual prices > FT: 1.5 2 2.5 (DEM/USD) Contract price Fto.7: Current spot rate 1.5 0 . 2. 2.5 III 22:05 f Back (b) Repeat (a), but reverse the interest rates. (c) How would your answers change if the clause is modified as follows: if you buy immediately, then the amount of DEM would be discounted at the prevailing DEM rate), while the amount of USD payable would be discounted at the prevailing USD interest rate). You should be able to do this without any computations.
(a) It is better to wait till T to buy the USD if the spot rate is at or below 2.5 DEM/USD. If the spot rate is higher than 2.5 DEM/USD, it is better to buy the USD now (t = T - 2 months), as it is at a discount.
(b) If the interest rates are reversed, then it is better to buy the USD now (t = T - 2 months) if the spot rate is at or below 2.0 DEM/USD. If the spot rate is higher than 2.0 DEM/USD, it is better to wait till T to buy the USD, as it is at a discount.
(c) If the clause is modified such that the DEM would be discounted at the prevailing DEM rate and USD payable would be discounted at the prevailing USD interest rate, then the decision of buying the USD now or waiting till T depends solely on the spot rate as the interest rate factor would not come into play.
Explanation:
(a) The current spot rate determines whether to buy the USD now or wait until T. If the spot rate is less than 2.5 DEM/USD, then it is better to wait until T to buy the USD. This is because buying now would mean paying a premium to acquire the USD. If the spot rate is equal to or greater than 2.5 DEM/USD, then it is better to buy the USD now, as it is available at a discount.
(b) If the interest rates are reversed, the decision of buying the USD now or waiting until T also depends on the current spot rate. If the spot rate is less than 2.0 DEM/USD, then it is better to buy the USD now, as it is available at a discount. If the spot rate is equal to or greater than 2.0 DEM/USD, then it is better to wait until T to buy the USD, as buying now would mean paying a premium.
(c) If the amount of DEM is discounted at the prevailing DEM rate and the amount of USD payable is discounted at the prevailing USD interest rate, then the decision of buying the USD now or waiting until T depends solely on the current spot rate, as the interest rate factor would not come into play. Thus, if the spot rate is less than the forward rate, then it is better to wait until T, while if the spot rate is equal to or greater than the forward rate, then it is better to buy the USD now.
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On January 1 of the current year, the Queen Corporation issued 9% bonds with a face value of $54,000. The bonds are sold for $52,380. The bonds pay interest semiannually on June 30 and December 31 and
The journal entry to record the bond issuance on January 1, current year is: Cash $52,380Discount on Bonds Payable $1,620Bonds Payable $54,000
Bonds are financial instruments that companies can use to raise money. When companies sell bonds, they receive cash in exchange for future interest and principal payments.
Bondholders receive interest payments, called coupon payments, on a semiannual basis, and they receive the principal payment at the end of the bond's life.
On January 1 of the current year, Queen Corporation issued $54,000 9% bonds. The bonds were sold for $52,380.
The bonds pay interest semiannually on June 30 and December 31. Let's calculate the journal entry to record the bond issuance. Queen Corporation will receive cash of $52,380 from selling the bonds.
However, since the bonds have a face value of $54,000, Queen Corporation owes bondholders an additional $1,620 of value at maturity.
This $1,620 difference between the amount of cash received and the face value of the bonds is called bond discount.
This bond discount is recorded as a contra liability account in the balance sheet, and it is amortized (reduced) over the life of the bond using the effective interest method.
The company will record semiannual journal entries to record the interest expense and amortization of bond discount on June 30 and December 31 of each year.
The interest expense is calculated by multiplying the face value of the bond by the stated interest rate, while the amortization of bond discount is calculated by subtracting the interest expense from the total bond interest payment.
The sum of the interest expense and the bond discount amortization will equal the total interest payment made to bondholders.
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Here is the complete question below:
On January 1 of the current year, the Queen Corporation issued 6% bonds with a face value of $50,000. The bonds are sold for $48,500. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31.
In the backward induction solution of a bargaining model with n rounds, the örst proposer gets more than half of the surplus
a. true
b. false
The given statement "In the backward induction solution of a bargaining model with n rounds, the first proposer gets more than half of the surplus" is false.
Backward induction is a common technique used to solve dynamic games, that is, games that are played over time. It entails analyzing the last move of the game first, then working backward through the previous moves to determine the optimal choice for each player at each point in time.
In a standard bargaining model with n rounds, players alternate as proposers, with the first proposer being determined exogenously.
The surplus value produced by the possible agreements is divided equally between the two players in each round if no agreement is reached.The backward induction solution involves determining what the outcome of the game would be if it were played backward, beginning at the last round and working backward to the first round.
The solution is derived by working backwards from the last round, assuming that each player will select the option that provides the greatest possible payoff for that player given what the other player will do. This process continues until the first round is reached and the final outcome of the game is determined.
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Which of the following would be included in the GDP deflator but not in the consumer price index? a. The price of the neighborhood babysitter b. The price of Superbowl tickets. c. The price of stop signs. d. The price of a new TV.
The correct answer is c. The price of stop signs. In contrast, the Consumer Price Index (CPI) is a measure of the average price level of goods and services consumed by households.
The GDP deflator is a measure of the overall price level of goods and services produced within an economy. It includes all final goods and services produced, regardless of whether they are consumed by individuals or used for investment or government purposes.
The price of stop signs is not included in the Consumer Price Index because it is not a consumer good or service. Stop signs are typically provided and maintained by the government for public safety and traffic control purposes. As such, their price is not relevant to consumer spending patterns or the cost of living for individuals and households.
On the other hand, items like the price of a babysitter (a service consumed by households), the price of Superbowl tickets (a consumer good), and the price of a new TV (a consumer durable) are included in the Consumer Price Index because they represent goods and services consumed by individuals. These items are relevant to capturing changes in the cost of living for consumers.
In summary, the GDP deflator captures the overall price level of goods and services produced in an economy, including non-consumer goods, while the Consumer Price Index focuses specifically on the prices of goods and services consumed by households. Therefore, the price of stop signs would be included in the GDP deflator but not in the Consumer Price Index.
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A firm pays a $1.60 dividend at the end of year one. It has a share price of $50 (P0) and a constant growth rate (g) of 10 percent.
a. Compute the required (expected) rate of return (Ke). (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Required rate of return %
Also indicate whether each of the following changes would make the required rate of return (Ke) go up or down. (In each question below, assume only one variable changes at a time. No actual numbers are necessary.)
b. If the dividend payment increases;
Compute the required (expected) rate of return (Ke). (Do not round intermediate calculations. Round the final answer to 2 decimal places.)Required rate of return = dividend yield + expected dividend growth rate
Dividend yield can be computed using the formula Dividend yield = Annual Dividend per Share / Market Price per ShareDividend yield = $1.60 / $50 = 0.032 or 3.2%Given that the expected dividend growth rate is 10%, the required rate of return would be:Required rate of return = 3.2% + 10% = 13.2%.
Therefore, the required rate of return (Ke) is 13.2%.b. If the dividend payment increases, the required rate of return (Ke) will go down. An increase in dividend payments usually indicates a strong financial position and growth prospects, which in turn reduces the risk associated with the investment. Consequently, the shareholders would demand a lower return or lower required rate of return to invest in such a company.
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please write 250 words for this discussion
Do you think that negotiations are the best way to reach a settlement or is mandatory arbitration? Why?
Negotiations and mandatory arbitration are methods that can be used to settle disputes. The best approach depends on the nature of the issue.
Negotiations and mandatory arbitration are two of the most popular methods of dispute resolution. Both methods are effective in settling disputes, but one may be more effective depending on the nature of the issue. Negotiation is the process of reaching an agreement between parties that is mutually beneficial. It involves the parties involved discussing and compromising on the issues at hand to find a solution that is agreeable to everyone involved.
Mandatory arbitration, on the other hand, is a process where a neutral third party is chosen to listen to the dispute and then make a decision. It is a binding process that requires both parties to accept the decision of the arbitrator. It is usually used when there is a deadlock in negotiations, or when the parties involved cannot reach a mutual agreement.
In conclusion, the best approach depends on the nature of the issue. Negotiations are better when there is a mutual agreement, and both parties are willing to compromise. However, if the parties cannot agree and the matter is contentious, then mandatory arbitration may be the best approach. Ultimately, both methods can be used to settle disputes, and they are both effective in their own way.
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Answer Excel Format
You are the local branch manager of a country-wide vegan food
chain ‘Green Food’ and have been asked by the
state manager to report on the profitability of the business.
Specif
Daily Transactions Date 10/1/2002 10/2/2002 10/3/2002 10/4/2002 10/5/2002 10/6/2002 10/7/2002 10/8/2002 10/9/2002 10/10/2002 10/11/2002 10/12/2002 10/13/2002 10/14/2002 10/15/2002 10/16/2002 10/17/200
To report on the profitability of a business using Excel Formatstate Manager, a company can use various tools available in Excel. One tool that can be used is Pivot Tables which is a powerful tool that can be used to analyze, summarize and present the data. To create a Pivot Table, one can follow the following steps:
Step 1: In the Excel worksheet, select the data that needs to be analyzed.
Step 2: Click on the ‘Insert’ tab and select ‘Pivot Table’.
Step 3: In the ‘Create PivotTable’ dialog box, select the range of data to be used in the Pivot Table and click ‘OK’.
Step 4: Once the Pivot Table is created, select the fields that need to be used for analysis, such as Daily Transactions and Date. Drag and drop the fields to the different areas of the Pivot Table, such as the ‘Values’ area, ‘Row’ area, and ‘Column’ area.
Step 5: The Pivot Table can then be customized by changing the format, adding filters, and applying calculations to the data to analyze the profitability of the business. The data can also be presented in different formats using Excel’s formatting tools. In conclusion, Excel Formatstate Manager is a powerful tool that can be used to analyze and report on the profitability of a business by using tools such as Pivot Tables.
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a 'Is deregulation of financial institutions blessing for us? Explain briefly.
Yes, deregulation of financial institutions a blessings for us as it allows more flexibility to the organization and the system dropping the rigidity.
The deregulation of financial institutions is a blessing for us in terms of its ability to stimulate economic growth and innovation, but it also comes with certain risks. It allows for more competition in the market, which in turn leads to lower prices and better services. On the other hand, the risks associated with deregulation are that it can lead to increased financial instability and a lack of transparency in the market.
Deregulation of financial institutions is a process that involves removing restrictions on financial institutions' operations, thereby increasing the degree of competition in the market. The lifting of these restrictions allows for greater access to credit and investment opportunities, stimulating economic growth and innovation.
Deregulation of financial institutions also lowers the cost of credit by encouraging competition among lenders, which leads to lower interest rates. However, it can also lead to an increase in risky lending practices as financial institutions become more focused on generating profits. This can lead to instability in the financial markets, as was seen in the 2008 financial crisis.
Overall, while the deregulation of financial institutions can be a blessing for us in terms of its ability to stimulate economic growth and innovation, it also comes with certain risks that must be carefully managed to ensure stability and transparency in the financial markets.
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Sunland Corporation uses straight-line depreciation, prepares adjusting entries annually, and has a December 31 year end. It purchased equipment on January 1, 2020, for $190,500. The equipment had an estimated useful life of five years and a residual value of $21,560. On December 31, 2021, the company tests for impairment and determines that the equipment's fair value is $104,800. (a) Assuming annual depreciation has already been recorded at December 31, calculate the equipment's carrying amount at December 31, 2021, immediately after recording depreciation for the year. Carrying amount
The equipment's carrying amount at December 31, 2021, immediately after recording depreciation for the year is $104,800. Impairment occurs when the carrying amount of a long-term asset on the balance sheet exceeds its fair market value.
The following are the annual depreciation and carrying amount of the equipment: Calculation of annual depreciation
The following formula is used to calculate annual depreciation: Annual Depreciation = (Equipment Cost - Salvage Value) ÷ Estimated Life
Annual depreciation = ($190,500 - $21,560) ÷ 5 years = $33,188 per year
Calculation of Carrying amount for the equipment at December 31, 2021. Carrying amount at December 31, 2021, before impairment = $190,500 - $33,188 = $157,312
Impairment occurs when the carrying amount of a long-term asset on the balance sheet exceeds its fair market value. The company determines that the equipment's fair value is $104,800, which is lower than its carrying amount of $157,312. As a result, the company must write down the equipment's carrying amount to its fair value.
Impairment loss = Carrying amount of equipment - Fair value of equipment Impairment loss = $157,312 - $104,800 = $52,512
Carrying amount at December 31, 2021, after impairment = $157,312 - $52,512 = $104,800
Therefore, the equipment's carrying amount at December 31, 2021, immediately after recording depreciation for the year is $104,800.
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Among other elements, which of the following needs to be included in your company's hazard communication training?
1. An inventory of hazardous chemicals found in your workplace
2. Standard operating procedures for handling chemicals in your workplace
3. Instruction on how to read chemical labels (especially visual pictograms)
4. A description of where to find SDSs and how to read them
Among other elements, the following need to be included in your company's hazard communication training Option 1. An inventory of hazardous chemicals found in your workplace.
Hazard communication training is a crucial component of workplace safety, and it is essential for ensuring that employees are protected from hazardous chemicals and substances. Hazard communication training involves teaching employees about the risks associated with chemicals, how to identify hazardous chemicals, and how to work with them safely.
Among other elements, the following need to be included in your company's hazard communication training: An inventory of hazardous chemicals found in your workplace hazard communication training should include an inventory of all the hazardous chemicals found in your workplace. This inventory should be compiled by the employer and should include all the hazardous chemicals used in the workplace. Standard operating procedures for handling chemicals in your workplace.
The standard operating procedures for handling chemicals in your workplace should be included in your hazard communication training. These procedures should be specific to your workplace and should cover all the tasks related to handling hazardous chemicals. Instruction on how to read chemical labels (especially visual pictograms)The hazard communication training should include instructions on how to read chemical labels, including visual pictograms. Chemical labels provide important information about the hazards associated with a particular chemical and how to handle it safely.
A description of where to find SDSs and how to read them SDSs (Safety Data Sheets) provides detailed information about the hazards associated with a particular chemical. The hazard communication training should include a description of where to find SDSs and how to read them. This will enable employees to access the information they need to work safely with hazardous chemicals. Therefore, the correct option is 1.
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