The payoff matrix supplied shows outcomes of various strategies that two firms might follow in response to action on the part of the other company. This payoff matrix describes actions in developing vaccines for not-too-rare but also not-too-common diseases. Each element shows the payoffs to a set of strategies as the payoff to the domestic firm, then a comma, then the payoff to the foreign firm.

Foreign firm
Enter Not Enter
Domestic firm Enter -3,-3 183,0
Not Enter 0,183 0,0

Required:
What is the minimum subsidy the US must offer the domestic firm to ensure that it will choose to produce the vaccine?

Answer:When the number of social grants to teen mothers are increased, their social lives are impacted negatively. These teen mothers see themselves as pariahs and burdens to the society. They are likely to withdraw from social life due to the shame and low self-esteem they often experience.

Explanation:

This leads to more employment and reduces the employment rates. 3) Free education grant , especially for poor children enable them to get educated and work to earn money. Hence, unemployment is reduced.

The impact of social grants on teenage mothers is one that has brought about laziness and dependency of them on the government.

This social grant have motivated a lot of teenagers to become carefree and pregnant and there is a lot of teen mothers who drop out of school since there is social grant to answer for their needs.

Due to the increase in the use of social grants a lot of teen mothers are said to be on the increased also.

The social lives of these teens are been impacted negatively. These teen mothers are said to be lazy and do not work and they parties and become burdens to the society.

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Answer:

$28,155.81

Explanation:

Summary of Cash flows :

Year 0 = - ($250,000 + $20,000) = - $270,000

Year 1 = $120,000

Year 2 = $120,000 - $90,000 = $30,000

Year 3 = $120,000

Year 4 = $120,000 + $10,000 + $20,000 = $150,000

Using the CFj Function of a financial calculator we have :

- $270,000      CFj 0

$120,000         CFj 1

$30,000          CFj 2

$120,000         CFj 3

$150,000         CFj 4

I/yr = 14%

Thus, the net present value of the contract with the local bank is $28,155.81

Answer:

The price of the company's stock today (December 31, 2019) is $49.27.

Explanation:

Note: See the attached file for the calculation of present values (PV) for year 1 to 3 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $1.35

Total of dividends from year 1 to year 3 = $4.71193752458119

Year 3 dividend = $2.2180932

Therefore, we have:

Year 4 dividend = Year 3 dividend * (100% + Constant dividend growth rate) = $2.2180932 * (100% + 5.5%) = $2.340088326

Share price at year 3 = Year 4 dividend / (Cost of equity - Constant dividend growth rate) = $2.340088326 / (9.5% - 5.5%) = $58.50220815

PV of share price at year 3 = Share price at year 3 / (100% + Cost of equity)^Number of years = $58.50220815 / (100% + 9.5%)^3 = $44.55843215078

Therefore, we have:

The price of the company's stock today = Total of dividends from year 1 to year 3 + PV of share price at year 3 = $4.71193752458119 + $44.55843215078 = $49.27

Answer:

1. A fall in prices of soybean

2. Reduce quantity she supplies

3. Falls below

Explanation:

We are to fill in the blanks here

1. In this question the farmer expected price level of 100 but the actual price realized was 90 so there would be a fall in the price of soybean.

2. If farmer feels that price of other goods caused this fall, she would reduce the quantity of soybean that she supplies

3. The quantity supplied is then going to fall below natural level in the short run

Answer:

1. Average collection period 41.25 days

2. Receivable Turnover 8.84848485

3. Average Receivable $521,558.22

Explanation:

1. Calculation for Average collection period

First step is to calculate the Percentage of customers not receiving discounts

Percentage of customers not receiving discounts = 100% - 65%

Percentage of customers not receiving discounts= 35%

Now let calculate Average collection period

Average collection period = (65% * 15) + (35% *90)

Average collection period = 9.75 + 31.5

Average collection period= 41.25 days

Therefore the Average collection period is 41.25 days

2. Calculation to determine the Receivable Turnover using this formula

Receivable Turnover = 365 / Average collection period

Let plug in the formula

Receivable Turnover = 365/41.25

Receivable Turnover = 8.84848485

Therefore the Receivable Turnover is 8.84848485

3. Calculation to determine the amount of the company’s average receivables

First step is to calculate the Total Credit Sales

Total Credit Sales = $6,500 * $710

Total Credit Sales= $4,615,000

Now let calculate the Average Receivable using this formula

Average Receivable =Credit sales / Receivable turnover

Let plug in the formula

Average Receivable= $4,615,000 /8.84848485

Average Receivable= $521,558.22

Therefore Average Receivable is $521,558.22

Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.

A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.

There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.

The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.

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Answer:

Part a

Debit : Silver Mine $1,650,000

Credit : Cash   $1,650,000

Part b

Debit : Depletion expense $354,000

Credit : Accumulated depletion $354,000

Part c

Debit : Depletion expense $354,000

Credit : Accumulated depletion $354,000

Explanation:

Step 1 : Cost of the Silver Mine

Purchase Price        $1,600,000

Development Costs    $50,000

Total Cost                $1,650,000

Step 2 : Depletion rate

Depletion rate = (Cost - Salvage value) ÷ Estimate Usage

                        = $5.90

Step 3 : Depletion expense

Note : Depletion expense depends on units mined only instead of units sold.

Depletion expense = Depletion rate x Units mined

if 60,000 tons of ore are mined and sold :

Depletion expense = $354,000

if 60,000 tons of ore are mined but only 15,000 tons of the ore are sold :

Depletion expense = $354,000

Answer:

I think it'll affect in a negative way cuz...

Explanation:

if life expectancy is higher than literacy rates then we have more ppl to provide for therefore more labour must be done but since the literacy rates are lower, not many ppl will be literate therefore no labour can be done!

A. Terminal value: $10,000.

B. Coupon rate: 10%.

C. Maturity period: 10 years.

D. Yield to maturity: Approximately 12%.

E. Bond value: The sum of the present value of coupon payments and the present value of the face value at maturity.

A. The bond's terminal value is equal to its face value, which is $10,000. This represents the amount that the bondholder will receive at maturity.

B. To determine the coupon rate, we divide the annual coupon payment by the face value of the bond and multiply by 100%. In this case, the annual coupon payment is $1,000 and the face value is $10,000.

Coupon Rate = ($1,000 / $10,000) * 100% = 10%

C. The maturity period of the bond is given as 10 years. This means that the bond will reach its full term and the bondholder will receive the face value of $10,000 at the end of the 10-year period.

D. The yield to maturity (YTM) is the total return anticipated on a bond if it is held until it matures. It is the internal rate of return (IRR) of the bond's cash flows. Calculating the YTM requires finding the discount rate that equates the present value of the bond's cash flows to its current market price. In this case, the bond's coupon payments are $1,000 per year for 10 years, and the terminal value is $10,000.

Using a financial calculator or spreadsheet software, we can find that the yield to maturity is approximately 12%.

E. To determine the value of the bond, we need to calculate the present value of the bond's future cash flows. The cash flows consist of the annual coupon payments of $1,000 and the terminal value of $10,000. We discount these cash flows back to the present using the yield to maturity as the discount rate.

Using a financial calculator or spreadsheet software, we can calculate the present value of the cash flows. The value of the bond is the sum of the present values of the coupon payments and the present value of the terminal value.

Assuming a 12% yield to maturity, we find that the value of the bond is approximately $10,000, which is equal to its face value. This indicates that the bond is trading at par value, as the market price matches its face value.

It's important to note that bond valuation can be more complex when considering factors such as market conditions, risk, and different compounding periods for coupon payments. The provided calculation assumes an annual coupon payment and a simple discounting method using the yield to maturity as the discount rate.

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Answer: See explanation

Explanation:

Number of units sold = 76000

Percentage repair= 2%

Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520

Actual defective units = 490 + 350 + 210 = 1050

Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470

Repair cost = $50

Warranty expense = 470 × $50 = $23500

The journal entry will then be:

31 December:

Debit: Product warranty expense = $23500

Credit: Estimated liability for product warranty = $23500

The labor content will be  55 minutes per patient.

In an economy, labor is related to the tangible, intellectual, and psychological effort required to generate goods and services.

The utilization of labor is done in four processes which include-

The calculation of labor content is based on the above-mentioned process time done by workers.

Labor content =5+10+30+10

                        =55  minutes

Therefore, labor content will be 55 minutes per patient.

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Answer:

cannot be provided to one person without making it available to others as well.

Explanation:

A public good is a good that is non excludable and non rivalrous. It cannot be  provided to one person without making it available to others as well. If one person is using it, it does not stop other people from using it also. An example of a public good is roads.

Public goods contrasts with club goods and private goods

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A private good is a good that is excludable and rivalrous.e.g. a privately owned car

Answer:

She received $490.05 during the year.

Explanation:

The principal of the bond will decrease in cash of decrease in the consumer price index.

The principal can be calculated as follow

Principal Value = ( Face value x Percentage reduction in consumer price index )

For the First Six Months

Principal Value = ( $10,000 x ( 100% - 1%  ) = $9,900

For the Last Six Months

Principal Value = ( $9,900 x ( 100% - 2%  ) = $9,702

Now calculate the coupon payments using the following formula

Coupon payments = Principal value x Coupon rate x Time fraction

For the First Six Months

Coupon payments = $9,900 x 5% x 6/12 = $247.50

For the Last Six Months

Coupon payments = $9,702 x 5% x 6/12 = $242.55

Total Interest received = Interest received in First Six Months + Interest received in Last Six Months = $247.50 + $242.55 = $490.05

Answer:

A. Commercial 540

Residential 360

B. Commercial 585

Residential 390

Explanation:

a) Calculation to Determine the per-unit factory overhead allocated to the commercial and residential motors .

First step is to calculate the Plantwide overhead rate using this formula

Plantwide overhead rate =Estimated overhead /Esimated machine hours

Let plug in the formula

Plantwide overhead rate = 1080000/9000

Plantwide overhead rate = $ 120 per MH

Now let Determine the per-unit factory overhead allocated to the commercial and residential motors

Using this formula

Per -unit factory overhead allocated=Actual MH per unit *Plantwide overhead rate

Let plug in the formula

Per -unit factory overhead allocated to COMMERCIAL=4.5 dmh*120

Per -unit factory overhead allocated to COMMERCIAL=540

Per -unit factory overhead allocated to RESIDENTIAL=3.0 dmh*120

Per -unit factory overhead allocated to RESIDENTIAL=360

Therefore the per-unit factory overhead allocated to the commercial and residential motors under the single plantwide factory overhead rate method will be:

Commercial 540

Residential 360

b. Calculation to Determine the per-unit factory overhead allocated to the commercial and residential motors

First step is to calculate the Departmental overhead rate

ASSEMBLY TESTING

Estimated overhead 280,000 800,000

÷Estimated machine hours each department 4,000 5,000

=Departmental overhead rate 70 160

Now calculation the per-unit factory overhead allocated to the commercial and residential motors

COMMERCIAL RESIDENTIAL

Assembly 1.5 dmh*70=105 1.0 dmh*70=70

Testing 3.0*160= 480 2.0*160= 320

Per -unit factory overhead allocated 585 390

(105+480=585)

(70+320=390)

Therefore the per-unit factory overhead allocated to the commercial and residential motors under the multiple production department factory overhead rate method will be:

Commercial 585

Residential 390

Answer:

Treasury Stock Coastal Corporation

a. Journal Entries:

Debit Cash $525,000

Credit Common stock $225,000

Credit Additional Paid-in Capital - Common Stock $300,000

To record the issuance of 25,000 shares of $9 par value at $21.

Debit Cash $492,000

Credit 8% Preferred Stock $324,000

Credit Additional Paid-in Capital - Preferred Stock $168,000

To record the issuance of 6,000 shares of $54 par value at $82.

Debit Treasury Stock $27,000

Debit Additional Paid-in Capital - Common Stock $45,000

Credit Cash $72,000

To record the repurchase of 3,000 shares at $24.

b. Journal Entry

Debit Cash $60,000

Credit Treasury Stock $18,000

Credit Additional Paid-in Capital - Common Stock $42,000

To record the re-issuance of 2,000 treasury shares at $30.

c. Journal Entry:

Debit Cash $19,000

Credit Treasury STock $9,000

Credit Additional Paid-in Capital - Common Stock $10,000

To record the re-issuance of 1,000 treasury shares at $19.

Explanation:

a) Data and Calculations:

Cash $525,000 Common stock $225,000 Additional Paid-in Capital - Common Stock $300,000

Cash $492,000 8% Preferred Stock $324,000 Additional Paid-in Capital - Preferred Stock $168,000

Treasury Stock $27,000 Additional Paid-in Capital - Common Stock $45,000 Cash $72,000

b. Cash $60,000 Treasury Stock $18,000 Additional Paid-in Capital - Common Stock $42,000

c. Cash $19,000 Treasury STock $9,000 Additional Paid-in Capital - Common Stock $10,000

Answer:

Note: Some words are missing and are attached as picture below

The 5 components of GDP from the table that together sum to national income are:

a. Compensation of employees

b. Corporate profits

c. Net interest

d. Proprietors' income

e. Rental income

Disposable Income = Personal Income - Personal Taxes

Personal Income = Disposable Income + Personal Taxes

Personal Income = 525 + 110

Personal Income = 635

National income = Personal Income + Social Insurance Tax + Corporate Profit Taxes + Undistributed Corporate Profits - Transfer Payments

National income = 635 + 5 + 4 + 6 - 50

National income = 600

Answer:

Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.

Answer: A.

Explanation:

Answer: $5 billion

Explanation:

First find the spending multiplier which is a multiplier that shows how Aggregate demand increases as a result of additional spending.

Multiplier = 1 / (1 - Marginal propensity to consume)

= 1 / ( 1 - 0.8)

= 5

If the government wants to raise Aggregate demand by $25 billion, they should spend:

Increase in AD = Amount * Multiplier

25 billion = Amount * 5

Amount = 25 / 5

= $5 billion

Answer and Explanation:

The computation of the unit cost for material and conversion cost is shown below:

Material Cost per Unit is

= Total Material Cost ÷  Equivalent Units for Materials

,= ($7,700 +  $66,801) ÷ (20,300 units)

= $3.67 per unit

And, the conversion cost per unit is

= (labor cost + overhead cost) ÷ equivalent units for conversion

= ($19,700 + $18,289) ÷ 18,900 units

= $2.01 per unit

Answer:

This is a two part question and therefore has been answered in two separate headings below.

Explanation:

Main Goal of CTSOs

Career and technical student organizations (CTSOs) goal is to strengthen student learning by using methods such as real-life applications, text book instructions, personal and leadership development skills.  

This means that their work forms as an essential part of the classroom syllabus and guide, which in return helps to build student's career skills and  views through taking part in these sessions and applying them in real life scenarios and/or work experience through Career program.

Help Students to Achieve their Goals

Career and technical student organizations (CTSOs) helps students achieve their goals by providing them a career path, study program and opportunities in order to gain the knowledge, skills and abilities that are needed to be successful in their career by way of CTSOs programs, events and activities.

Furthermore, they create opportunities for the students to participate in leadership level positions at local, state and national level and to take part in conferences of leadership development in order to interact with other students as wells as professionals and experienced individuals.  

Answer:

The guy above is correct

Explanation:

Have a nice day man, be safe.

Answer:

1.  Yes.

2.  The answer is in the attached picture

Explanation:

Yes, it is TRUE that internet searches enhance our knowledge in animal/fish raising. Due to the latest technology in gathering information through the web searches such as góóglé, people can easily find knowledge about the cultivating and harvest of animal or fish farming.

This is proven by easily getting a picture that depicts the skills in harvesting a fish in a pond or river

Answer:

$2,500

Explanation:

The computation of the amount is shown below;

In the case when the modified AGI upto $180,000 so it would be credit by $2,500 per eligible student

As we can see that in the given situation there is modified AGI that reported $148,000 so here the amount of  the American Opportunity credit for 2020 is $2,500 also we assume that the eligibility condition would be satisfied

Answer:

Molo Oil Company

The financial advantage of further processing of each of the three products beyond the split-off point is:

= $182,430

(which is the additional profit gained from the further processing).

Explanation:

Joint processing costs = $385,000 per month

Product      Selling Price             Monthly Output     Sales Value

Gasoline     $ 27.00 per gallon   14,400 gallons     $388,800 ($27*14,100)

Heating Oil $ 21.00 per gallon  22,400 gallons       470,400 ($21*22,400)

Jet Fuel     $ 33.00 per gallon     5,600 gallons       184,800 ($33*5,600)

Total sales value = $1,044,000

Joint costs =               385,000

Profit =                     $659,000

Allocation of joint processing costs of $385,000

Gasoline =  $143,379 ($388,800/$1,044,000 * $385,000)

Heating Oil    173,471 ($470,400/$1,044,000 * $385,000)

Jet Fuel          68,150 ($184,800/$1,044,000 * $385,000)

Total cost $385,000

Total costs:

                                                Additional

                     Joint Cost      Monthly Cost     Total Costs

Gasoline         $143,379             $29,740        $173,119

Heating Oil        173,471               43,057        216,528

Jet Fuel              68,150              20,053          88,203

Total costs    $385,000           $92,850      $477,850

Product          Additional Processing        Selling Price

                        Costs (per quarter)

Gasoline               $ 89,220             $ 32.80 per gallon

Heating Oil          $ 129,170              $ 27.80 per gallon

Jet Fuel                $ 60,160               $ 41.80 per gallon

Product          Additional Processing    Selling Price

                        Costs (per month)

Gasoline                  $ 29,740             $ 32.80 per gallon

Heating Oil             $ 43,057              $ 27.80 per gallon

Jet Fuel                  $ 20,053              $ 41.80 per gallon

Determination of profit after further processing:

Product      Selling Price             Monthly Output  Sales Value

Gasoline     $ 32.80 per gallon   14,400 gallons  $462,480 ($32.80*14,100)

Heating Oil $ 27.80 per gallon  22,400 gallons   622,720 $27.80*22,400)

Jet Fuel      $ 41.80 per gallon     5,600 gallons   234,080 ($41.80*5,600)

Total sales revenue = $1,319,280

Total costs =                    477,850

Profit =                           $841,430

Financial advantage

Profit after further processing = $841,430

Profit with Joint processing =      659,000

Financial advantage =                 $182,430

Answer:

Social Security tax

= Social security tax rate * Earnings subject to Social security tax

= 6.2% * 8,800

= $‭545.6‬0

Medicare taxes.

These will be on the total earnings as there is no limit to the amount it can be applied to:

= 1.45% * 9,500

= $‭137.75‬

Solution :

                                             Sullivan's Company

                                 Bank Reconciliation Statement, July 31

       BANK                                                                 BOOK

Ending balance from        $11,828.12      Balance from the ledger   $9,381.58

bank statement.

Add :                                                         Add :

Deposit in transit              $4,650.03    Note payable borrowed       $5,200

                                                                from bank

Error by bank                    $422.50      Error in recording payment    $1275.3

                                       $ 16,900.65                                                $15,856.88

Less:                                                          Less :

Outstanding checks       $1,908.27        Service charge                $32.50

                                                                NSF Check                       $832

Reconciled cash balance $ 14992.38   Reconciled cash balance  $14992.38  

b).

Date               Accounts titles and explanations      Debit($)                Credit($)

July 31             Cash                                                   5,200.00

                        Notes payable                                                            5,200.00

July 31             Cash                                                   1275.3

                         Repair expenses                                                        1275.3

July 31              bank charges                                   32.50

                         Cash                                                                              32.50

July 31              Accounts receivable                         832    

                        cash                                                                                832

Answer:

It will take 3 years and 55 days to cover the initial investment.

Explanation:

Giving the following information:

Cash flows= $1,350

Initial investment= $4,250

The payback period is the time required to cover the initial investment:

Year 1= 1,350 - 4,250= -2,900

Year 2= 1,350 - 2,900= -1,550

Year 3= 1,350 - 1,550= -200

Year 4= 1,350 - 200= 1,150

To be more accurate:

(200 / 1,350)= 0.15*365= 55 days

It will take 3 years and 55 days to cover the initial investment.

Answer: 2.46%

Explanation:

To solve this, we need to know the yield to call which will be:

FV = Call price = -$1,080.00

PV = Bond price = $1,275.00

PMT = Coupon = -$80.00

N = 5

Using financial maturity, the yield to call will be:

= Rate(5,80,-1275,1000) = 3.42%

The yield to maturity will be:

FV = Face value = -$1,000.00

PV = Bond price = $1,275.00

PMT = -$80.00

N = 25

Using the financial calculator

Yield to maturity = Rate(25,80,-1275,1000) = 5.87%

The difference between the yield to call and the yield to maturity will then be:

= 3.42% - 5.87%

= -2.46%

Answer:

14,800 units

Explanation:

To understand units started and completed principle, ask yourself, "Out of the units Started during the year, how many units were Completed?"

Since we are using FIFO the units in Inventory will be worked on first followed by the units introduced in process during the year.

So this can be calculated out of units completed as follows :

Units started and completed = Units Started - Units in Ending Work in Process

therefore,

Units started and completed = 18,600 - 3,800 = 14,800 units

Conclusion :

Units started and completed during the period were 14,800 units.

Answer and Explanation:

The preparation of the income statement is presented below:

Service Revenue 340,000

Less:

Salaries Expense 240,000

Rent Expense 12,000

Depreciation Expense 24,000

Interest Expense 3,400

Net income $60,600

Hence, we simply deduct the expenses from the service revenue so that we get the net income