In deploying a marketing strategy in a very busy high-end community, you will need to take into consideration the unique features of the target market segments. The four segments include teenagers, young adults, middle-aged individuals, and older adults. The following are some market strategies to consider.
With a considerable amount of energy and interest in fashion, teenagers are more likely to try new products. Marketing strategies should target these attributes by focusing on the most fashionable and latest products. Offering a discount on the products can also be an effective way to attract them to purchase.
After six months of advertising, sales to the community will increase by 30%. The increase in sales will be due to the effective marketing strategies deployed that targeted the unique attributes of the target market segments. Advertisements that were focused on the most fashionable and latest products, as well as products that add value to their lives, motivated the community to make purchases.
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What is the answer of following question ?
Zero-base budgeting means:
a. Having a budget of zero where any spending will result in an adverse variance
b. Starting from scratch in calculating the forthcoming years overhead costs
c. A budgeting system where variances are zero due to strict financial control
d.Having an initial budget of zero that is increased as actual costs occur.
Option d. is the correct answer.
Zero-base budgeting means having an initial budget of zero that is increased as actual costs occur.
What is Zero-base budgeting? Zero-base budgeting is a budgeting process in which each department is required to begin its budget from zero. It is a systematic way of budgeting that necessitates starting every budgeting cycle from scratch. The focus of this budgeting approach is on identifying and justifying every expense, rather than just modifying the prior year's budget. Instead of taking the prior year's spending as a given, the method entails starting with a blank slate and justifying each expense from scratch.
Organizations are compelled to rethink and challenge their expenditure assumptions, allowing them to determine if expenditures are still appropriate and necessary. Zero-base budgeting is generally regarded as an effective method of cost control because it demands that all expenses are justified, resulting in a more comprehensive review of expenditure patterns, improved cost control, and the reallocation of resources to more critical areas.
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A donor imposed restriction exists if a right of return or release exists and the agreement with the donor includes a barrier that must be overcome by the not-for-profit organization.
a. True
b. False
The given statement, "A donor imposed restriction exists if a right of return or release exists and the agreement with the donor includes a barrier that must be overcome by the not-for-profit organization" is True.
This statement is related to the conditions under which a donor-imposed restriction exists.
What is a donor-imposed restriction?A donor-imposed restriction is a condition that a donor puts on a contribution of an asset or cash to a not-for-profit organization. This condition may be in the form of time, purpose, or a type of activity that the organization must perform to get the donation. When a donor imposes a restriction, the not-for-profit organization must follow it. The donor imposes the restriction by setting up an agreement between the not-for-profit organization and himself. The agreement is a legally binding document that states the terms of the contribution.
How does a donor-imposed restriction work?Donors impose restrictions on their contributions by stating the purpose of the donation. For example, a donor may give money to a not-for-profit organization with the condition that the money will only be used to buy food for the homeless. If the not-for-profit organization accepts the donation, it must use the money to buy food for the homeless. The not-for-profit organization must also provide proof to the donor that the money was used for the intended purpose.
What is the right of return or release? The right of return or release is a condition that a donor imposes on a donation. The right of return or release allows the donor to get the asset or cash back if certain conditions are not met. For example, if a donor gives money to a not-for-profit organization for a specific purpose, but the organization does not use the money for that purpose, the donor may have the right to get the money back.
What is a barrier in the agreement with the donor? A barrier is a condition that must be overcome by the not-for-profit organization to get the donation. For example, a donor may give money to a not-for-profit organization with the condition that the organization must first raise a certain amount of money from other donors. This condition is a barrier that must be overcome by the not-for-profit organization to get the donation.
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Disney's ability to leverage its characters across its network of theme parks, media networks and movies, and consumer products is an example of a corporate Multiple Choice vertical advantage. synergy
Disney's ability to leverage its characters across its network of theme parks, media networks, movies, and consumer products is an example of a corporate synergy.
Synergy refers to the interaction of two or more agents or forces to produce an outcome that is not achievable by individual agents or forces operating alone.
In the context of corporations, corporate synergy refers to the combined strength of a business's different parts, which generates more economic value than if the business units were operating independently. It can be achieved in many ways, including the sharing of information, expertise, or technology. Disney's ability to leverage its characters across its network of theme parks, media networks, movies, and consumer products is a prime example of corporate synergy. The Disney brand has significant value due to its wide range of products, including its television networks, film studios, theme parks, and merchandise offerings. By leveraging its brand and creating a unified strategy, Disney is better positioned to generate revenue across all of its different business units, resulting in a more valuable company.Disney's corporate synergy also contributes to its vertical advantage. Vertical advantage refers to the control of multiple stages of production, from raw materials to distribution, which enables a company to gain greater control over costs, quality, and timing.Disney's vertical advantage is strengthened by its ability to use its characters across its network of theme parks, media networks, movies, and consumer products, allowing it to generate greater revenue and profits.
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Natural Mosaic Company (U.S.) is considering investing Rs50,000,000 in India to create a wholly owned tile manufacturing plant to export to the European market. After five years, the subsidiary would be sold to Indian investors for Rs100,000,000. A pro forma income statement for the Indian operation predicts the generation of Rs7,000,000 of annual cash flow, as listed in the following table.
The Natural Mosaic Company is considering investing Rs50,000,000 in India to establish a tile manufacturing plant, with an anticipated annual cash flow of Rs7,000,000 and a plan to sell the subsidiary for Rs100,000,000 after five years.
What are the details of Natural Mosaic Company's investment in India, including the investment amount, purpose, anticipated annual cash flow, and planned sale of the subsidiary?The Natural Mosaic Company (U.S.) is evaluating an investment of Rs50,000,000 in India to establish a wholly owned tile manufacturing plant aimed at exporting products to the European market.
The company anticipates selling the subsidiary to Indian investors after a five-year period for Rs100,000,000.
The pro forma income statement for the Indian operation indicates an expected annual cash flow of Rs7,000,000.
This information suggests that the investment has the potential to generate positive cash flows and achieve profitability over the projected period.
However, additional analysis is necessary to assess the financial viability and feasibility of the project, including considerations such as initial investment costs, operating expenses, taxes, and potential risks.
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Calculate the amount of money needed at the time of retirement, to cover the costs of living until the end of life. Please consider the following steps in building this model: take an inventory of all costs you expect a regular person to incur during retirement, during a typical month of the year. fill in the amounts for each one calculate the grand total, for that month calculate the grand total for an entire year choose the number of years you anticipate to live after you retire calculate the total amount of money you require, to live for the rest of your life.
To estimate the total amount of money needed, one must choose the number of years anticipated to live after retiring, usually based on family history and health.
To calculate the amount of money needed at the time of retirement to cover the costs of living until the end of life, one must take an inventory of all expected costs during retirement. This includes expenses such as housing, transportation, food, healthcare, utilities, and entertainment. Once the costs are determined, the amounts for each one should be filled in and added up to calculate the grand total for that month. The grand total for an entire year can then be calculated by multiplying the monthly total by twelve. With this number in mind, multiply the annual total by the anticipated number of years in retirement.
It's important to note that inflation must also be considered when calculating the amount of money needed for retirement. It's advisable to assume a higher inflation rate and adjust the annual expenses accordingly.
Overall, calculating the amount of money needed at the time of retirement to cover the costs of living until the end of life can be a complex process. Starting early and regularly reviewing and updating the estimates can help individuals achieve their desired retirement goals.
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Question 29 5 pts A bond with par value of $1,000 has an annual coupon rate of 4.8% and currently sells for $930. What is the bond's current yield? Do not round intermediate calculations. Round your answer to 2 decimal places, enter numbers and decimals only
The bond's current yield is approximately 5.16%.
How to calculate the bond's current yield given its coupon rate, market price, and par value?To calculate the bond's current yield, we need to divide the annual coupon payment by the bond's current market price.
Annual coupon payment = Coupon rate * Par value = 4.8% * $1,000 = $48
Current yield = Annual coupon payment / Current market price = $48 / $930
Calculating the current yield:
Current yield = $48 / $930
Current yield ≈ 0.05161
Rounded to 2 decimal places, the bond's current yield is approximately 0.05 or 5.16%.
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On1/2/2021, the County of Santa Teresa issued a 20-year-life serial bond with a principal of $8,000,000 and 5% annual interest Interests are paid on January 1 and July 1 with $400,000 in bonds being retired on each interest payment date. The debt service fund levies property taxes in the amount to cover interest and principal payments
Prepare entries for the Debt Service Fund for the following transactions. 1. Prepare the entries to record the budget for the debt service fund for Year 2021
2. Prepare the entry to levy the property taxes 3. Prepare the entry to pay the interest and principal on 7/1/2021
using funds set aside for debt service.The Debt Service Fund is made available to pay for the receipts, additional funding sources, additional uses of finance, and related expenses for long-term debt. This includes keeping track of bond principal, interest, and other debt-related expenses.
The best way to keep a journal
1. Determine the accounts that will be impacted by the transaction. Making a journal entry involves first determining which general ledger accounts the transaction is likely to affect.
2. Choose between crediting and debiting the account.
3. Write a journal entry and after that
4. Complete the accounting entries.
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Under the expense approach to recognizing product warranty liabilities, actual costs incurred in the future are O recorded as an operating expense. O not recognized, as the expense was recorded at the time of the sale. O offset against the liability that was recognized at the time of the sale. O disclosed in the notes to the financial statements as they are incurred.
Under the expense approach to recognizing product warranty liabilities, actual costs incurred in the future are offset against the liability that was recognized at the time of the sale. Option C
A product warranty is a company's promise to fix or replace its product if it breaks or fails to meet the consumer's expectations. If a business offers warranties, it must acknowledge them as obligations in its financial statements. As a result, companies must account for estimated warranty expenses when they sell goods and services that come with warranties.
The expense approach is one of the two methods for accounting for warranty expenses. The expense approach records the expected cost of future warranty claims in the period in which the product is sold. As a result, the expense is recorded as a liability on the balance sheet and as an expense on the income statement.
In the future, when a customer makes a warranty claim, the firm would record a reduction in the liability account and an increase in the expense account. Therefore, actual costs incurred in the future are offset against the liability that was recognized at the time of the sale.
This approach makes it easy to match the expenses of warranty repairs with the revenue generated by the goods sold. Option C
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Which of the following does a life insurance policy summary normally include?
A) The policy's cash value
B) Agent's report
C) Policyowner's MIB report
D) Stated beneficiary
Answer:A
Explanation:The policy’s cash value
b. how would this economy return to equilibrium if fiscal or monetary policy alone were used
If the economy is in an imbalance and needs to return to equilibrium, monetary or fiscal policy can be implemented to address the situation. Here's an explanation of how each policy could help in restoring equilibrium:
Fiscal Policy: Fiscal policy involves the use of government spending and taxation to influence the economy. If the economy is experiencing a recession or high unemployment, expansionary fiscal policy can be employed. This typically involves increasing government spending and/or reducing taxes to stimulate aggregate demand. The increased government spending creates jobs and income, while tax cuts boost disposable income and consumer spending. These measures help stimulate economic activity and move the economy towards equilibrium.
Monetary Policy: Monetary policy is managed by the central bank and involves controlling the money supply and interest rates. In the case of an economic imbalance, such as high inflation or overheating, contractionary monetary policy can be implemented. This typically involves increasing interest rates and reducing the money supply to curb excessive spending and inflationary pressures. Higher interest rates discourage borrowing and spending, thereby reducing aggregate demand and bringing the economy back to equilibrium.
In conclusion, fiscal policy can help the economy return to equilibrium by adjusting government spending and taxes to stimulate demand and economic activity. On the other hand, monetary policy can be used to restore equilibrium by controlling the money supply and interest rates to manage inflationary pressures or excesses in the economy. Both policies aim to restore balance in the economy and promote stability and growth.
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Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60.000 and $50.000 respectively. They find that Arah a new partner is a talented engineer with useful for the company Afrah acc
Afrah's capital balance would be $37,500. This is calculated by multiplying her contribution of $10,000 by her equity share of 25%. (10,000 * 0.25 = 2,500) She would have a capital balance of $37,500.
Therefore, the correct option is (C).
Afrah's capital balance would be $37,500.
To determine her capital balance, we need to calculate her equity share based on her contribution of $10,000 and the total capital of the existing partners.
The total capital of Mariam, Sabah, and Fatima is $40,000 + $60,000 + $50,000 = $150,000.
Since Afrah's equity share is 25%, we multiply her contribution by the equity share: $10,000 * 0.25 = $2,500.
To find Afrah's capital balance, we add her contribution to her equity share of the total capital:
$2,500 + ($150,000 * 0.25) = $2,500 + $37,500 = $40,000.
Therefore, Afrah's capital balance would be (C) $37,500.
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Question:
Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60.000 and $50.000 respectively. They find that Afrah a new partner is a talented engineer with useful for the company Afrah accepts joining them as a new partner and ready to contribute $ 10,000 for an equity share of 25%. Afra's capital balance would be:
A) $2,500
B) $40,000
C) $37,500
D) $10,000
Bob buys a property that costs $1,000,000. The property is projected to generate NOI as follows: Year NOI 1 $100,000 2 $105,000 3 $110,000 Bob will own the property for two years. Bob will sell the property at the end of year 2 at a cap rate that is 250 basis points lower than the cap rate at which he bought the property. Assume Bob finances his purchase with a 50% LTV Fixed Rate IO loan at an annual rate of 5% with annual compounding and annual payments. What is Bob’s annualized IRR for the investment in question? A. 83.54% B. 78.93% C. 79.71% D. 52.38%
Given that Bob buys a property that costs $1,000,000 and is projected to generate NOI as follows:YearNOI1100,0002105,0003110,000Bob will own the property for two years.
Bob will sell the property at the end of year 2 at a cap rate that is 250 basis points lower than the cap rate at which he bought the property. Assume Bob finances his purchase with a 50% LTV Fixed Rate IO loan at an annual rate of 5% with annual compounding and annual payments.Bob's purchase price is 1,000,000, and he finances his purchase with a 50% LTV Fixed Rate IO loan. Therefore, the initial loan amount = 1,000,000 x 50% = 500,000.Let's find out the annual NOI for two years.The first year's NOI = $100,000The second year's NOI = $105,000 + $110,000 = $215,000Bob will sell the property at the end of year 2 at a cap rate that is 250 basis points lower than the cap rate at which he bought the property.Since we don't know the original cap rate, we will use X to represent the original cap rate. The new cap rate is X - 250 bps = X - 2.50%.In order to find the sales price at the end of year 2, we need to divide the Year 2 NOI by the new cap rate (X - 2.50%).Sales Price = Year 2 NOI / (X - 2.50%)Therefore, the sales price at the end of year 2 = $215,000 / (X - 2.50%)The total cash inflow (at the end of year 2) = Sales price + Loan balance.The loan balance at the end of year 2 = Loan amount * (1 + Interest rate)^2 = 500,000 * (1 + 5%)^2 = $551,250.Total cash inflow = Sales price + Loan balance = $215,000 / (X - 2.50%) + $551,250.The cash outflow = the purchase price, which is $1,000,000.Using the XIRR function in Excel, we can find the IRR of this investment. To use the XIRR function, we need to provide a range of dates and a range of corresponding cash flows.So,Year 1 cash flow = -$500,000 + $100,000 = -$400,000Year 2 cash flow = -$551,250 + Sales price = -$551,250 + $215,000 / (X - 2.50%)Therefore,Year 1 = -400,000Year 2 = -551,250 + 215,000 / (X - 2.50%)IRRX values-1.15%1.0%XNPV($X$1, $X$2, $A$1:$A$2) = 0The annualized IRR for the investment in question = 78.93% (approx).Therefore, the correct option is (B) 78.93%.
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For Ivanhoe Company, the predetermined overhead rate is 154% of direct labour cost. During the month, Dene incurred $108,000 of factory labour costs, of which $85,600 is direct labour and $22,400 is indirect labour. Actual overhead incurred was $123,824.
a) Calculate the amount of manufacturing overhead applied during the month.
b) Determine the amount of under- or over-applied manufacturing overhead.
The amount of manufacturing overhead applied during the month is $131,824.
For Ivanhoe Company, with a predetermined overhead rate of 154% of direct labor cost, $85,600 direct labor cost, $123,824 actual overhead incurred, and $22,400 indirect labor cost, what is the amount of manufacturing overhead applied during the month and the amount of under- or over-applied manufacturing overhead?To calculate the amount of manufacturing overhead applied during the month, we need to multiply the direct labor cost by the predetermined overhead rate.
Direct labor cost = $85,600
Predetermined overhead rate = 154% or 1.54
Manufacturing overhead applied = Direct labor cost * Predetermined overhead rate
Manufacturing overhead applied = $85,600 * 1.54 = $131,824
Therefore, the amount of manufacturing overhead applied during the month is $131,824.
To determine the amount of under- or over-applied manufacturing overhead, we compare the actual overhead incurred with the applied overhead.
Actual overhead incurred = $123,824
Manufacturing overhead applied = $131,824
Under- or over-applied manufacturing overhead = Actual overhead incurred - Manufacturing overhead applied
Under- or over-applied manufacturing overhead = $123,824 - $131,824 = -$8,000
Since the actual overhead incurred is less than the applied overhead, there is an under-applied manufacturing overhead of $8,000.
Explanation: The predetermined overhead rate is used to allocate overhead costs to the products or processes based on the direct labor cost. In this case, the direct labor cost is multiplied by the predetermined overhead rate to determine the amount of manufacturing overhead applied.
The difference between the actual overhead incurred and the applied overhead represents the under- or over-applied manufacturing overhead, which indicates whether the allocated overhead was more or less than the actual overhead incurred.
In this scenario, there is an under-applied manufacturing overhead of $8,000, meaning that the allocated overhead was higher than the actual overhead incurred.
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Read the article How Target Figured Out. Q1. What issues may arise when marketers try to harness customér data using sophisticated data analytics systems as Target did in the article? Q2. Then, how s
Q1. Issues that may arise when marketers try to harness customer data using sophisticated data analytics systems Data breaches: Sophisticated data analytics systems collect and store vast amounts of customer data.
This presents an opportunity for cyber attackers who can breach the system, steal customer data, and use it for malicious purposes. The information they steal may include sensitive customer data such as names, addresses, email addresses, and credit card details. Poor implementation: Implementing a sophisticated data analytics system can be challenging. Poor implementation can result in the system providing inaccurate data, making decisions that are detrimental to the business, and wasting resources.
Misuse of data: A data analytics system can provide insights that businesses can use to improve customer experience and profitability. However, if the insights are not used ethically, customers' privacy can be violated, leading to mistrust and damage to the brand image.
Q2. How Target Used Data Analytics Target used data analytics to analyze customer purchase patterns, identify customer segments, and predict customer behavior.
They used data from various sources such as purchase history, social media data, and website interactions to build detailed customer profiles. The data helped Target to tailor their marketing strategies, personalize their communication with customers, and increase sales.
They also used the data to predict customer behavior such as when a customer was pregnant. Target would then send them targeted ads based on their purchase patterns. This helped them to reach customers at a time when they were likely to make a purchase, leading to increased revenue.
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Kingbird, Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Kingbird, Inc.'s purchases of EZslide snowboards during September. During the same month, 110 EZslide snowboards were sold. Kingbird, Inc. uses a periodic inventory system.
To compute the cost of goods sold for Kingbird, Inc. using the periodic inventory system, we need to know the number of snowboards on hand at the beginning of September. Kingbird, Inc. began the month with 90 EZ slide snowboards in inventory.
According to the question, purchases during September totaled $28,200 for 270 EZ slide snowboards. Therefore, the cost per snowboard is $104.44. This was calculated by dividing the total cost of goods purchased by the total number of snowboards purchased: $28,200 ÷ 270 = $104.44.
Kingbird, Inc.'s cost of goods sold is calculated as follows: Cost of goods sold = beginning inventory + purchases - ending inventory Cost of goods sold = $9,400 + $28,200 - $11,480Cost of goods sold = $26,120.
Kingbird, Inc. sells a popular snowboard, the EZ slide. The information below relates to the company's purchase of EZ slide snowboards during September. During the same month, Kingbird, Inc. sold 110 EZ slide snowboards. The company uses a periodic inventory system, which means that it calculates the cost of goods sold at the end of each accounting period, such as a month or a quarter. This is done by adding up the cost of goods that were sold and subtracting the cost of goods that are still on hand at the end of the accounting period.
To calculate the cost of goods sold for Kingbird, Inc. in September, we first need to know how many EZ slide snowboards were on hand at the beginning of the month. The company had 90 snowboards in inventory at the beginning of September. During the month, Kingbird, Inc. purchased 270 more EZ slide snowboards for a total cost of $28,200. Therefore, the cost per snowboard is $104.44. We calculated this by dividing the total cost of goods purchased by the total number of snowboards purchased: $28,200 ÷ 270 = $104.44.
To calculate the cost of goods sold, we add the beginning inventory to the purchases and then subtract the ending inventory. In this case, Kingbird, Inc.'s cost of goods sold is $26,120. The company sold 110 EZs lide snowboards in September, which means that it had 250 snowboards on hand at the end of the month. The cost of those 250 snowboards is $26,120. This amount will be used to calculate the cost of goods sold for the next accounting period.
Conclusion:
To summarize, Kingbird, Inc. sells a popular snowboard, the EZslide, and uses a periodic inventory system. To calculate the cost of goods sold, the company needs to know the number of snowboards on hand at the beginning of the accounting period, the purchases during that period, and the number of snowboards still on hand at the end of the period. For September, Kingbird, Inc.'s cost of goods sold was $26,120. This information is important for the company's financial records and helps it to make informed decisions about inventory management and pricing.
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a) Briefly explain the purpose of each of the following and how they relate to each other. General journal General ledger T-account Trial balance Financial statements b) Which of the documents above is the only one that does NOT show debits and credits? c) Which of the document(s) above is the only one that is designed for and provided to external stakeholders?
a) The General Journal is where all transactions are recorded. Transactions are initially recorded in the journal in chronological order as debit and credit journal entries, along with a short explanation.
The General Ledger is a collection of T-accounts, one for each account on the balance sheet and income statement, that depicts the account’s transactions in a debit-credit format. b) Trial Balance is the only document that does NOT show debits and credits. Instead, it lists all of the debit and credit accounts and their balances at the end of a reporting period, and it ensures that debits equal credits.
c) Financial Statements are the only documents that are designed for and provided to external stakeholders. Financial statements provide a comprehensive overview of a company's financial performance, position, and cash flows.
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....................... Standard Deviation ......... Beta
Security X .............. 0.35 ........................ 1.45
Security Y .............. 0.28 ........................ 1.06
Security Z .............. 0.44 ......................... 1.22
.
Which security has the largest expected return?
.
A.
Y because it has the lowest standard deviation.
B.
X because it has the largest beta coefficient.
C.
Z because it has the largest standard deviation.
D.
Y because it has the lowest beta coefficient, and therefore the lowest systematic risk.
E.
It is not possible to tell given the information above.
It is not possible to tell which security has the largest expected return given the information above. Option E
How do we identify the expected return?The expected return of a security is not directly determined by either its standard deviation or beta coefficient.
The standard deviation measures the total risk of a securit. A larger standard deviation signifies a greater total risk, but it does not tell a higher expectd return.
Beta measures a security's systematic risk relative to the market as a whole. It indicates how much the security's price is expected to change relative to a 1% change in the market.
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Why would the electoral system matter to explain levels
of redistribution? How plausible do you find the theoretical
arguments that connect electoral systems and policy
making?
The electoral system is a vital factor in determining the level of redistribution. The reason behind this is that the electoral system serves as the interface between the voters and the policymakers.
Through the electoral system, policymakers have a better understanding of the preferences of the voters, which could inform their policy decisions. Different electoral systems might impact the behavior of political parties, who could decide to adopt policies that appeal to their supporters. One theoretical argument suggests that the two electoral systems are based on the majority voting system and the proportional representation system.
Under the majority voting system, the winning political party often enjoys an advantage in implementing its preferred policies. This could increase the likelihood of a policy being implemented. In contrast, under the proportional representation system, it is less likely that a single party will win the majority vote. As a result, political parties must be more responsive to a broader range of voters, which could limit the extent of redistributive policies.
These theoretical arguments are plausible to a certain extent. However, there are a variety of other factors to consider, such as the economic conditions, institutional arrangements, and the role of interest groups in influencing policy. As a result, it is difficult to determine the extent to which the electoral system is responsible for the observed variations in redistributive policies across different countries.
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A company has beginning inventory of 300 units at $18.9 each; They purchased 400 units at $ 7.6 each on June 2; On June 15, they also purchased 500 units at $ 12.69 each. A physical count of merchandise inventory at the end of the month revealed that 452 units were sold. What is the cost of goods sold using the weighted average inventory method? Round all answers to the nearest dollar. But as always do not round any intermediate calculations, only round your final answer.
The cost of goods sold using the weighted average inventory method is approximately $6,050. it is calculated by multiplying the average cost per by the number of units sold to determine the cost of goods sold.
How is the cost of goods sold calculated using the weighted average inventory method?To calculate the cost of goods sold (COGS) using the weighted average inventory method, we need to determine the average cost per unit and then multiply it by the number of units sold.
Calculate the total cost of beginning inventory:
Beginning inventory units: 300
Beginning inventory cost per unit: $18.9
Total cost of beginning inventory: 300 units * $18.9 = $5,670
Calculate the total cost of purchases:
Purchase 1 units: 400
Purchase 1 cost per unit: $7.6
Purchase 2 units: 500
Purchase 2 cost per unit: $12.69
Total cost of purchases: (400 units * $7.6) + (500 units * $12.69) = $4,040 + $6,345 = $10,385
Calculate the total units available for sale:
Total units available for sale: Beginning inventory units + Purchase 1 units + Purchase 2 units = 300 + 400 + 500 = 1,200 units
Calculate the average cost per unit:
Total cost of beginning inventory + Total cost of purchases / Total units available for sale = $5,670 + $10,385 / 1,200 units = $16,055 / 1,200 = $13.3792 (rounded to 4 decimal places)
Calculate the cost of goods sold:
COGS = Average cost per unit * Units sold = $13.3792 * 452 units = $6,049.95
Therefore, using the weighted average inventory method, the cost of goods sold is approximately $6,050.
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A major problem for the implementation of privatization during the early years of
transition in the formerly planned socialist economic systems has been
a. the absence of well-developed capital markets.
b. the influx of foreign direct investment beyond tolerable limits.
c. the ease of valuing property such that there is a large backlog of firms awaiting privatization.
d. none of the above
A major problem for the implementation of privatization during the early years of transition in the formerly planned socialist economic systems has been the option a. absence of well-developed capital markets.
What is privatization?Privatization is the act of transferring ownership of a business, enterprise, agency, or public service from the public sector to the private sector. Privatization is commonly used as a synonym for deregulation, outsourcing, and de-nationalization when a publicly traded company is taken private. In this scenario, the former public entity becomes a private sector company.In the transition from planned socialist economies to market economies, many countries have turned to privatization. They privatized all or part of their previously state-owned companies. In the early years of transition, a major problem in implementing privatization has been the absence of well-developed capital markets.
This meant that state-owned enterprises were frequently sold off cheaply in the absence of competition among buyers and a developed market for shares. This had the impact of harming the public revenue's competitiveness. Consequently, it was challenging to restructure newly privatized companies efficiently. As a result, it was difficult to improve their competitiveness.
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At the beginning of the year, a company estimates total direct materials costs of $950,000 and total overhead costs of $1,240,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year?
The predetermined overhead rate that the company should use during the year is 1.305.
Predetermined overhead rate is calculated using the formula as follows;
Predetermined overhead rate = Estimated total overhead costs ÷ Estimated total activity base
Estimated total direct materials costs = $950,000
Estimated total overhead costs = $1,240,000
Predetermined overhead rate formula = Estimated total overhead costs ÷ Estimated total activity base
We know that the company uses direct materials costs as its activity base to apply overhead.
Therefore,
Estimated total activity base = Estimated total direct materials costs
Predetermined overhead rate formula can be re-written as
,Predetermined overhead rate = Estimated total overhead costs ÷ Estimated total direct materials costs
Now, putting the values in the above formula, we get;
Predetermined overhead rate = $1,240,000 ÷ $950,000= 1.305
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If the spending multiplier is 10, a $100 increase in government spending and $100 increase in taxes, will cause a increase in GDP by:__________ 0 100 900 $1,000
If the spending multiplier is 10, a $100 increase in government spending and $100 increase in taxes, will cause an increase in GDP by $900.
The spending multiplier is a concept in economics that relates a change in aggregate demand (or total spending in an economy) to a change in government spending, investment spending, or net export spending. The spending multiplier is the ratio of the change in real GDP caused by a change in autonomous spending (such as government spending or investment spending) to the amount of that autonomous spending.
It's essentially a measure of how much total spending in an economy changes in response to a change in autonomous spending.If the spending multiplier is 10, it means that for every dollar of autonomous spending (such as government spending), real GDP increases by $10. Therefore, if there is a $100 increase in government spending and the spending multiplier is 10, then the increase in GDP would be $1,000 ($100 x 10).Similarly,
if there is a $100 increase in taxes, the effect on GDP would be the opposite of government spending. Since taxes are an autonomous reduction in spending, the spending multiplier for taxes is negative. The spending multiplier for taxes is equal to the marginal propensity to consume (MPC) times -1. If we assume an MPC of 0.9, then the spending multiplier for taxes is -9 (0.9 x -10).Therefore, a $100 increase in taxes would decrease real GDP by $900 (-$100 x -9).Therefore, if the spending multiplier is 10, a $100 increase in government spending and a $100 increase in taxes would result in an increase in GDP by $900.
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Wildhorse Stores is a new company that started operations on March 1, 2021. The company has decided to use a perpetual Inventory system. The following purchase transactions occurred in March:
Mar. Wildhorse Stores purchases $9,000 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB
1 shipping point.
2 The correct company pays $175 for the shipping charges.
3 Wildhorse returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Wildhorse a $1,100 credit on its account.
21 Wildhorse Stores purchases an additional $13,000 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB destination.
22 The correct company pays $180 for freight charges.
23 Wildhorse returns $500 of the merchandise purchased on March 21 because it was damaged. Octagon gives Wildhorse a $500 credit on its account
30 Wildhorse paid Octagon the amount owing for the merchandise purchased on March 1.
31 Wildhorse paid Octagon the amount owing for the merchandise purchased on March 21
Journal entries are the recorded transactions in a company's bookkeeping system. They are utilized to chronologically record the money-related impacts of commerce activities.
To record the purchase transactions and subsequent payments in the perpetual inventory system for Wildhorse Stores in March, we need to consider the following information:
March 1: Purchased merchandise from Octagon Wholesalers for $9,000 with terms 2/10, n/30, FOB 1 shipping point.
Debit: Merchandise Inventory $9,000
Credit: Accounts Payable $9,000
March 2: Paid $175 for shipping charges.
Debit: Freight Expense $175
Credit: Cash $175
March 1: Returned $1,100 of the merchandise purchased on March 1 due to wrong color.
Debit: Accounts Payable $1,100
Credit: Merchandise Inventory $1,100
March 21: Purchased additional merchandise from Octagon Wholesalers for $13,000.
Debit: Merchandise Inventory $13,000
Credit: Accounts Payable $13,000
March 22: Paid $180 for freight charges.
Debit: Freight Expense $180
Credit: Cash $180
March 23: Returned $500 of the merchandise purchased on March 21 due to damage.
Debit: Accounts Payable $500
Credit: Merchandise Inventory $500
March 30: On march 1- Paid Octagon Wholesalers the amount owing for the merchandise purchased
Debit: Accounts Payable $7,900 ($9,000 - $1,100)
Credit: Cash $7,900
March 31: On march 21 Paid Octagon Wholesalers the amount owing for the merchandise purchased
Debit: Accounts Payable $12,500 ($13,000 - $500)
Credit: Cash $12,500
These journal entries reflect the purchase transactions and subsequent payments for Wildhorse Stores in March under the perpetual inventory system.
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In step by step explain how to:
A- prepare planning analytic review procedures
B - prepare lead schedules
C- asses risk based on set procedures
D- calculate planning materiality
1. Procedures for planning, analyzing, and reviewing Determine the goals: Find out why the planning, analytical, and review methods are being used. 2. Procedures for creating lead schedules: Determine the main accounts and claims: The lead schedules should contain the important accounts and pertinent claims that you have identified. 3. Risk assessment steps based on predetermined protocols: Recognize the thing and its surroundings: Find more about the company's sector, activities, internal controls, and any potential external influences on its financial statements.
The possibility, impact, and tolerances for potential accidents are all determined through risk assessment.
The outcomes of this procedure might be presented quantitatively or qualitatively. An integral aspect of a larger risk management approach is risk assessment, which helps to mitigate any possible risks and their effects.
In more detail, risk assessment locates and evaluates probable (future) occurrences that might negatively affect people, property, and/or the environment (i.e. hazard analysis). In addition, it takes decisions "on the tolerability of the risk on the basis of planning a risk analysis" while taking influencing variables (such as risk evaluation) into account.
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Phox and Ranch have decided to form a partnership. They are in the process of agreeing on how the profits/losses will be divided. Assume that the company is anticipating net income of $80,000 for the first time period. If there is no agreement, what would Phox's share of the net income be? Total Net Income$80,000
a) $40,000
b) $20,000
c) $80,000
d) There is no way to determine it.
Phox's share of the net income, without an agreement, would be $40,000.
The correct answer to the given question is option a.
Without an agreement on profit/loss division, the default assumption is that profits will be divided equally among the partners. Therefore, if there is no agreement in place, Phox's share of the net income would be equal to Ranch's share, which would also be half of the total net income.
Given that the total net income is $80,000, and assuming an equal division of profits, Phox's share would be:
Phox's share = Total net income / Number of partners
Phox's share = $80,000 / 2
Phox's share = $40,000
Therefore, the correct answer is option a) $40,000. Phox's share of the net income, without an agreement, would be $40,000.
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What is the issue price (the amount of cash the sellers will receive) of a $ 62,991 face value bond with a stated price of 90, 15%, 12-year, semiannual interest payments, rounding to one dollar?
The issue price of the bond is approximately $45,915 .It is calculated based on present value of future cash flows.
How to calculate bond's issue price?To calculate the bond's issue price with a face value of $62,991, a stated price of 90, a coupon rate of 15%, and a 12-year maturity with semiannual interest payments, we can use the present value of the bond's future cash flows.
Calculate the periodic interest payment:
Periodic interest payment = Face value * Coupon rate / 2
Periodic interest payment = $62,991 * 15% / 2 = $4,698.83
Calculate the number of periods:
Number of periods = Maturity in years * Number of periods per year
Number of periods = 12 years * 2 = 24 periods
Calculate the present value of the bond:
Present value = Periodic interest payment * (1 - (1 + Interest rate)^(-Number of periods)) / Interest rate + Face value / (1 + Interest rate)^Number of periods
Present value = $4,698.83 * (1 - (1 + 0.15/2)^(-24)) / (0.15/2) + $62,991 / (1 + 0.15/2)^24
Present value = $41,216.29 + $4,698.83 = $45,915.12
Therefore, the issue price of the bond (the amount of cash the sellers will receive) is approximately $45,915.
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you are to be held accountable for the impact to r&d spending for your organization. how can you best assure the strategic planning process improves your overall results?
To assure the strategic planning process improves the overall results of R&D spending, several steps must be taken. Firstly, the company must establish a well-defined plan for R&D spending that aligns with the organization's objectives and goals. It should be clear and concise and outline how much funding will be allocated to each department.
Secondly, the company should review the effectiveness of its current R&D processes, identify areas for improvement, and implement changes that will enhance the effectiveness of the process. The strategic plan should be evaluated regularly to assess whether it is achieving its objectives and, if necessary, changes should be made to improve performance.
Finally, the company should ensure that R&D spending is managed effectively, which means tracking the use of funds, monitoring project timelines and ensuring that objectives are being met. This will help to ensure that the company's R&D spending is being used efficiently and is aligned with its overall goals.
By following these steps, the company can assure that the strategic planning process improves the overall results of R&D spending.
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E 113 D Question 19 The circular flow model can be used to measure GDP. In the simple version, there are only firms and households. Two arrows go from firms to households and 2 arrows go from households to firms. a. What do the letters GDP stand for? (1 point) b. Which two arrows go from firms to households? Explain your answer. (6 points) c. Which arrow represents total spending on products? Explain your answer. (3 points) d. Which 2 other ways to measure GDP can be shown in the circular flow model? (2 points) e. Does a trade surplus increase GDP? Explain your answer. (5 points) Edit View Insert Format Tools Table 12pt Paragraph BIUA 1 17 pts 94°F Sunny ING 111 PM
All the answers to the above questions are as follows:
a. GDP stands for Gross Domestic Product. It is the total monetary value of all goods and services produced within a country's borders in a specified time period.
b. The two arrows that go from firms to households are the product market arrow and the factor market arrow. In the product market arrow, firms supply goods and services to households in exchange for money payments. In the factor market arrow, households supply factors of production such as labor, land, and capital to firms in exchange for income.
c. The arrow that represents total spending on products is the product market arrow. This arrow shows the flow of money from households to firms in exchange for goods and services, which represents total spending on products.
d. The two other ways to measure GDP that can be shown in the circular flow model are government spending and net exports. In the circular flow model, government spending is represented by an arrow that goes from the government sector to the product market. Net exports are represented by an arrow that goes from the foreign sector to the product market.
e. A trade surplus does not necessarily increase GDP. GDP only measures the value of goods and services produced within a country's borders. A trade surplus occurs when a country exports more goods and services than it imports. While a trade surplus can boost economic growth, it does not necessarily increase GDP, as GDP only measures the value of goods and services produced within a country's borders.
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lse: flotation costs need to be taken into account when calculating the cost of issuing new common stock, but they do not need to be taken into account when raising capital from retained earnings.. true or false
The given statement "flotation costs need to be taken into account while calculating the cost of issuing new common stock, but need not be taken into account when raising capital from retained earnings" is false as it needs to be considered even when raising capital from retained earnings.
A publicly traded firm incurs flotation costs as it issues new securities and pays costs such underwriting fees, legal expenses, and registration fees. Businesses must take into account how these fees may affect the amount of cash they can collect via a new offering.
The cost of additional equity for a company is determined by factoring in floatation expenses, estimated return on equity, dividend payments, and the percentage of earnings the company expects to keep. With the issuance of new equity, or freshly issued common stock, there are flotation charges. The flotation cost is the difference between the price of fresh shares and the price of existing equity.
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Look through any online paper you want (see examples below) and from the news, list 3 business ideas that you can see people might need! In your submission, for EACH idea: 1. Give the link to the online news article 2. Describe what the need is (1 or 2 sentences enough) 3. Briefly state a business opportunity that you can identify to service this need or issue
Three business ideas that people need and that can be found in online news articles are the need for home cleaning services, the need for logistics persons to move goods to customers, and the need for dairies.
How to detect the business opportunitiesThere are many business opportunities that we can point out from online news articles. For instance, we might read about malnourished children and immediately sense the need for dairy services that will help the growth of children.
We can also see some online retailers who might need the help of logistics personnel to make home deliveries.
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