Answer:
c. third-country national (TCN)
Explanation:
Third-country national (TCN) -
It refers to the migration process , where the person migrates to any foreign country , and tries to apply for visa of the particular company , somewhere he or she has not originated , is referred to as the third - country national (TCN) .
Hence , from the scenario of the question,
An international students goes to study and work in Brazil , which is not his native country , is referred to as the third - country national ( TCN ) .
Assume that the assumptions of the Expectations Hypothesis are true and that today's one-year risk-free rate is 7%. Moreover, investors expect that the one year rate one year from now will be 8% and the one year rate two years from now will be 9%. Given this information, what should be today's two-year and three-year risk-free rates? Be precise with lots of decimals on your calculator!
Answer:
for two-years: 7.4988372%
for three years: 7.9969135%
Explanation:
the expectation theroy assumes the two year and three year rate will yield the same amount as th expected investment
thus the two-year rate will equivalent to 7% for the first year and then, the expected 8%
[tex](1+0.7)(1.08)=(1+r_{two-year})^2[/tex]
for two-years: 0.074988372 = 7.4988372%
for three years:
[tex](1.07)(1.08)(1.09) = (1 + r_{three-years})^3[/tex]
r3 = 0.079969135
With the assumptions of the Expectations Hypothesis, today's 2-year risk-free rate would be 7.5% and the 3-year risk-free rate would be 8%.
Explanation:Under the assumptions of the Expectations Hypothesis, the forward rates are equal to the future spot rates expected today. Therefore, the 2-year risk-free rate today would be the average of this year's risk-free rate (7%) and next year's expected risk-free rate (8%). This would average to 7.5%.
Then, the 3-year risk-free rate today would be the average of this year's rate (7%), next year's expected rate (8%), and the rate expected two years from now (9%). This would average to 8%. Please note that this calculation assumes that investors are risk-neutral and there is no risk premium. This is typically the assumption under the Expectation Hypothesis.
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The Scarlet Pages, a semi-professional hockey team, prepare financial statements on a monthly basis. Their season begins in October, but in September the team engaged in the following transactions: (a) Paid $150,000 to Oklahoma City as advance rent for use of Oklahoma City Arena for the six-month period October 1 through March 31. (b) Collected $450,000 cash from sales of season tickets for the team's 30 home games. This amount increased Unearned Ticket Revenue. (c) During the month of October, the Scarlet Pages played five home games. Prepare the adjustments required at October 31 for the transactions above. Indicate the change in each account (Increase or Decrease), the account title of each account affected, and the amou
Answer:
A) September X. Paid $150,000 as advance rent. for 6 months.
Dr Prepaid Rent 150,000 (asset account increases)
Cr Cash 150,000 (asset account decreases)
Since the rent covers a 6 month period, at the end of each month a partial recognition of the rent expense must be made. $150,000 x 1/6 = $25,000
October 31. Recognition of one month of rent (October)
Dr Rent Expense 25,000 (expense account increases)
Cr Prepaid Rent 25,000 (asset account decreases)
B) September X. Collection of $450,000 from sales of season tickets (30 games per season)
Dr Cash 450,000 (asset account increases)
Cr Unearned Ticket Revenue 450,000 (liability account increases)
C) Since 5 games were played during October, 5/30 of ticket revenue must be recognized. $450,000 x 5/30 = $75,000
October 31. Recognition of ticket revenue (5 games).
Dr Unearned Ticket Revenue 75,000 (liability account decreases)
Cr Ticket Revenue 75,000 (revenue account increases)
Following are the transactions of a new company called Pose-for-Pics.
Aug. 1 Madison Harris, the owner, invested $12,000 cash and $51,600 of photography equipment in the company in exchange for common stock.
2 The company paid $2,300 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $2,280 cash. 20 The company received $2,000 cash in photography fees earned.
31 The company paid $881 cash for August utilities.
Prepare an August 31 trial balance for Pose-for-Pics.
a. Debit Credit
b. Cash
c. Offices
d. Prepaid insurance
e. Photography equipment
f. Common stock
g. Photography fees earned
h. Utilities expense
i. Totals
Answer:
Pose-for-Pics
Trial Balance
For the month ended August 31
DEBIT CREDIT
b. Cash 8,539
c. Offices 2,280
d. Prepaid insurance 2,300
e. Photography equipment 51,600
f. Common stock 63,600
g. Photography fees earned 2,000
h. Utilities expense 881
i. Totals 65,600 65,600
Explanation:
In trial balance, all accounts in general either real or nominal is posted here whether on debit or credit side. It shows the balances of debits and credits entries from the transaction of the general journal that the company have made for the period. There are 2 types of trial balance, the unadjusted trial balance and the adjusted trial balance.
Straight Packs manufactures backpacks. Its plant records include the following materials-related data:
Raw Materials Inventory, beginning balance
$31,000
Purchases of canvas, on account
66,000
Purchases of sewing machine lubricating oil, on account
1,100
Material requisitions:
Canvas
60,000
Sewing machine lubricating oil
450
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Exclude explanations from any journal entries.)
Answer:
Journalize the entries to record the transactions.
Dr. Cr.
Raw Material Inventory $67,100
( 66,000 + 1,100 )
Account Payable $67,100
Work in Process $60,450
Raw Material Inventory $60,450
Raw Material Inventory Account
Dr. Cr. Balance
Opening Balance $31,000
Purchases (Canvas+oil) $67,100 $98,100
Work in Process $60,450 $37,650
Ending balance in Raw Materials Inventory is $37,650
Explanation:
Raw Material Inventory account is an asset account and Purchases are added in it. Material requisitions are made to transfer raw material from warehouse to other departments for processing so it is transferred to work in process account from Raw material Inventory account.
The journal entries provided will record the transactions and update the balances in the Raw Materials Inventory account.
Explanation:The journal entry to record the purchases of materials for Straight Packs would be:
Debit Raw Materials Inventory for $66,000 for the purchases of canvasDebit Raw Materials Inventory for $1,100 for the purchases of sewing machine lubricating oilCredit Accounts Payable for $66,000 for the purchases of canvas on accountCredit Accounts Payable for $1,100 for the purchases of sewing machine lubricating oil on accountThe journal entries to record the material requisitions would be:
Debit Work in Process Inventory for $60,000 for the requisition of canvasDebit Work in Process Inventory for $450 for the requisition of sewing machine lubricating oilCredit Raw Materials Inventory for $60,000 for the requisition of canvasCredit Raw Materials Inventory for $450 for the requisition of sewing machine lubricating oilThe journal entries provided will record the transactions and update the balances in the Raw Materials Inventory account.
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A characteristic of FICA is that:
A. None of these.
B. It is imposed only on the employer.
C. It provides a modest source of income in the event of loss of employment.
D. It does not apply when one spouse works for the other spouse.
E. It is administered by both state and Federal government.
Answer:
The correct answer is letter "A": None of these.
Explanation:
The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.
"Cary’s Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at the end of the month. On April 30, Cary’s Carpeting Cleaning pays $8,000 to the equipment supplier."Prepare the appropriate journal entry for the payment on April 30.
Answer:
Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment.
Cash paid = $2,000
Giving an informal promise to pay at the end of the month = $8,000
The journal entry is as follows:
On April 30,
Accounts payable A/c Dr. $8,000
To cash A/c $8,000
(To record the payment for the equipment on April 30.)
Net income was $490,000 in 2018, $460,600 in 2019, and $515,872 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease?
Answer:
a. The percentage of change from 2018 to 2019 is 6%
The change is an decrease.
b. The percentage of change from 2019 to 2020 is 12%
The change is an increase.
Explanation:
a.
The amount net income of change from 2018 to 2019:
Net income in 2019 - Net income in 2018 = $460,600 - $490,000 = -$29,400<0
The percentage of change from 2018 to 2019 = ($29,400/$490,000) x 100% = 6%
The change is an decrease.
b.
The amount net income of change from 2019 to 2020:
Net income in 2020 - Net income in 2019 = $515,872 - $460,600 = $55,272>0
The percentage of change from 2019 to 2020 = ($55,272/$460,600) x 100% = 12%
The change is an increase.
Answer:
2000yes
uyrs 2000
You borrow money from Fast Eddie’s Fast Cash at 20 percent per year interest and agree to pay $500 at the end of each of the next four years. You must have borrowed approximately:a. $2,000 b. $1,595c. $1,295d. $1,095
Answer:
The answer is C. $1,295
Explanation:
This question wants us to find the prevent value of all the $500 for those for years.
Please find the attached file for the calculation
A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.5%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds?a. 25.40%
b. 29.03%
c. 32.99%
d. 33.98%
e. 27.38%
Answer:
c. 32.99%
Explanation:
Risk yield = bond yield*(1 - Federal tax rate)
6.50% = 9.70%*(1 - Federal tax rate)
1 - Federal tax rate = 6.50%/9.70%
Federal tax rate = 1 - 6.50%/9.70%
= 32.99%
Therefore, The federal tax rate that you are indifferent between the two bonds is 32.99%
Final answer:
At a federal tax rate of 32.99%, you would be indifferent between a 5-year corporate bond yielding 9.70% and a 5-year municipal bond yielding 6.5%, since this is the tax rate that makes the after-tax yield of the corporate bond equal to the tax-free yield of the municipal bond.
Explanation:
To determine at what federal tax rate you would be indifferent between a 5-year corporate bond yielding 9.70% and a 5-year municipal bond yielding 6.5%, we need to calculate the tax equivalent yield of the municipal bond. This can be found using the formula:
Tax Equivalent Yield = Municipal Bond Yield / (1 - Federal Tax Rate)
Since municipal bond interest is federally tax-free, we want to find the federal tax rate at which the after-tax yield of the corporate bond is equal to the tax-free yield of the municipal bond. Setting the corporate bond's after-tax yield to be equal to the municipal bond's yield and solving for the tax rate yields:
6.5% = 9.70% * (1 - Federal Tax Rate)
Solving for the federal tax rate gives:
Federal Tax Rate = (9.70% - 6.5%) / 9.70%
Calculating the above expression, we get:
Federal Tax Rate = 32.99%
So at a federal tax rate of 32.99%, you would be indifferent between the 5-year corporate bond and the 5-year municipal bond.
Find the amount to which $600 will grow under each of these conditions: 12% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ Why does the observed pattern of FVs occur
Answer:
1. = $1,485.58
2. = $1,524.21
3. = $1,545.05
4. = $1,559.56
Explanation:
The amount the $600 will grow can be calculated using the following compounding formula:
A = P × [1 + (r ÷ n)]^nt ............................................. (1)
where:
P = Initial or original amount = $600
A = new amount
r = interest rate = 12% = 0.12
n = compounding frequency
t = overall length of period the interest is applied
Equation can then be applied as follows:
1. For 12% compounded annually for 8 years
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = annually = 1
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 1)]^(1 × 8)
= $600 × [1 + (0.12)]^8
= $600 × (1.12)^8
= $600 × 2.47596317629481
= $1,485.58
2. For $12% compounded semiannually for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = semiannually = 2
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 2)]^(2 × 8)
= $600 × [1 + (0.06)]^16
= $600 × (1.06)^16
= $600 × 2.54035168468567
= $1,524.21
3. For $12% compounded semiannually for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = quarterly = 4
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 4)]^(4 × 8)
= $600 × [1 + (0.03)]^32
= $600 × (1.03)^32
= $600 × 2.57508275568511
= $1,545.05
4. For $12% compounded monthly for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = quarterly = 12
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 12)]^(12 × 8)
= $600 × [1 + (0.01)]^96
= $600 × (1.01)^96
= $600 × 2.59927292555939
= $1,559.56
The observed pattern of FVs occur because of the different compounding frequency.
All the best.
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what? a. Accurate user story sizing b. Team backlog priortization c. Capacity allocation d. Completed epic acceptance criteria
Option D
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing Completed epic acceptance criteria
Explanation:
Acceptance criteria are a formalized schedule of elements that assure that all user narratives are developed and complete synopses are carried into account. Acceptance Criteria are a collection of observations, respectively with a precise pass/fail outcome, that defines all specifications and are suitable at the Epic, Feature, and Story Level.
An epic is an excellent method to endure the trace of the huge idea in agile circumstances. It enhances crews split their job while proceeding to operate towards a larger intention.
Product Managers are expected to establish Capacity allocation to plan the upcoming Enabler work, ensuring resources are balanced for all aspects of product development while managing the product backlog in Agile environments.
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing Capacity allocation. This focuses on ensuring that there is an appropriate amount of resources dedicated to supporting, enhancing, and enabling the core functionalities of the product that, in turn, supports new features and user stories. Product Managers have to balance the capacity to manage both enabler work and feature development within the team's workload. The creation and iteration of the product backlog as a living document are essential in Agile methodologies, with requirements being fine-tuned over time.
Backlog prioritization, a guide to practical task sequencing, and working in close continual communication with the product owner are also integral in maintaining a productive Agile team environment. Through effective backlog management and constant iterative dialogue, teams are able to prioritize work and adapt to changes swiftly, ensuring sustainable development and progress.
Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items. Mortarville, an urban town that specializes in brick and ore, wants wood to build roads so that it can expand and connect to other major cities. Mortarville has a willingness to pay $ 50 $50 for wood, since wood is hard for them to obtain. Mayflair also needs wood to build grain silos for their wheat harvests. Mayflair is willing to pay $ 45 $45 for wood. Timber, the only foresting company, sets the price of wood at $ 60 $60 . The change in total surplus that arises due to trades between TIMBER and and the tows is:________.
-less than zero
-equal to zero
-greater than zero
Answer:
-equal to zero
Explanation:
As the price for wood is above the demand is willing to pay there is no trade.
Either some of the participants will increase their demand and accept the price of 60 dollars; look for another supplier or look into producing for themselves
Also, Timber could lower the prce of wood so trade occurs.
The change in total surplus from the trades between Timber, Mortarville, and Mayflair is negative because Timber's price for wood exceeds both towns' willingness to pay, discouraging trade and decreasing the total surplus.
Explanation:The change in total surplus from the trades between Timber, Mortarville, and Mayflair is less than zero. This is due to the price Timber is charging for the wood it's higher than the willingness to pay of both towns (Mortarville is willing to pay $50 and Mayflar $45 while Timber is charging $60).
None of the towns will make a trade because the cost exceeds their willingness to pay leading to a decrease or negative change in total surplus. This is an example of how supply and demand can influence the market price and whether trades occur in an economy. The surplus is considered the benefit obtained from trading, but because the price is set too high and no trades are happening, there is no benefit, thus the total surplus is negative.
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The most important step in the marketing research process is:
A. Defining the problem.
B. Defining the research plan.
C. Determining the research objectives.
D. Determining the need for marketing research.
Answer: (A) Defining the problem
Explanation:
The marketing research process is one of the customers that is used to identify the various types of information for defining the marketing opportunities, monitoring the various types of marketing performances and also evaluating the actions.
The important step in the marketing research process is basically defining the actual problem properly during the research process and the data. It is one of the first step in the marketing research process.
The main step in the marketing research process is to defining the actual problem in the account with some relevant information. It is basically used in the decision making process.
Therefore, Option (A) is correct answer.
The most important step in the marketing research process is defining the problem, followed by defining the research plan and determining the research objectives.
Explanation:The most important step in the marketing research process is defining the problem. This step involves clearly understanding the issue or challenge that needs to be addressed through research. Without accurately defining the problem, the subsequent steps in the marketing research process may not yield relevant or effective results.
Once the problem is defined, the next steps in the marketing research process include defining the research plan and determining the research objectives. The research plan outlines the specific steps, methodologies, and resources needed to address the defined problem. The research objectives, on the other hand, set clear goals for what the research aims to achieve, such as gathering consumer insights or evaluating the effectiveness of a marketing campaign.
While determining the need for marketing research is an essential consideration, it is not the most important step. The need for marketing research arises when there is uncertainty or a lack of understanding in a particular area, and it is driven by the need to make informed marketing decisions.
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1. ABC Corporation acquires all of the assets and liabilities of XYZ Company, at a price that is significantly higher than the fair value of the identifiable net assets acquired. Four months after the acquisition, a fire destroys some of XYZ's property. How does ABC report this? A. ABC will report a loss on property in income. B. ABC will report more goodwill from the acquisition. C. ABC will not report this event. D. ABC will report less goodwill from the acquisition.
Answer:
A. ABC will report a loss on property in income
Explanation:
The fire made a physical impact on the assets of XYZ
The entry to report the fire in accounting will acknowledge the physical losses in XYZ assets.
Later, at year-end will check the goodwill for impartment and check if the outgoing busines s of XYZ still has that intangible value attached to it or not and, amortize the required amount.
ABC Corporation must report the loss from the fire as a loss on property in income. The loss does not directly impact previously recorded goodwill unless an impairment of the goodwill is specifically attributable to the event.
Explanation:When ABC Corporation acquires all of the assets and liabilities of XYZ Company for a price higher than the fair value of the identifiable net assets acquired, this creates goodwill on ABC's balance sheet. Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets. If, following the acquisition, a fire destroys some of XYZ's property, ABC Corporation must report the event as a loss. Therefore, the correct answer is A. ABC will report a loss on property in income.
This loss acknowledgement would appear as a decrease in the value of the property on ABC's balance sheet, and the company would recognize a loss on the income statement. The loss from the fire does not affect the amount of goodwill recorded earlier unless it is determined that the goodwill itself has been impaired as a direct result of the fire. If goodwill is found to be impaired, it may lead to an impairment charge, which would also be reported on the income statement, and the value of goodwill on the balance sheet would decrease accordingly.
The ______________ of the U.S. Constitution gives constitutional powers to Congress to regulate commerce, tax and spend, and regulate bankruptcy, patents, and copyrights, and other implied powers.
Answer:
The article I section 8,of the U.S Constitution gives constitutional powers to Congress to regulate commerce,tax and spend,and regulate bankruptcy,patents,and copyrights, and other implied powers.
Explanation:
The powers conferred on U.S Congress by the above section of the constitution is called Commerce Powers.
The powers also include the powers to regulate inter-states and foreign trade as well as the powers to regulate the U.S treasury in the areas of printing and circulating the U.S dollar.
Which of the following is part of an economic model? A. norms B. opinions C. preferences of economic agents D. data
Answer:
The correct answer is letter "D": data.
Explanation:
Economic models are abstractions that aim to simplify real-world economic events. Economists base their hypothesis in data collected that allows thinking certain patterns are being repeated and are likely to let verify trends by which those events can be studied and dealt with if occurred again.
A 30-year 6% semi-annual coupon bond has a tenor of 12 years and a yield to maturity of 7.000%. If the PAR value of the bond is $1000, what is the price of the bond today?
Answer:
$875.28
Explanation:
We use the Present value formula which is attached in the attachment below:
Provided that
Future value = $1,000
Rate of interest 7% ÷ 2 = 3.5%
NPER = 30 years × 2 = 60 years
PMT = ($1,000 × 6%) ÷ 2 = $30
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value would be $875.28
Since on semi annual basis, the interest rate is half and the duration is doubled. The same is shown above
An increase in the foreign demand for U.S. wheat, combined with improved technology in U.S. wheat production, would cause the domestic equilibrium price of wheat to _________ and the equilibrium quantity to _________.
Answer:
An increase in the foreign demand for U.S. wheat, combined with improved technology in U.S. wheat production, would cause the domestic equilibrium price of wheat to remain unchanged (intermediate) and the equilibrium quantity to increase.
Explanation:
It is worthy of note that as the foreign demand for U.S wheat increases, there was a combined improvement in the technology used in the U.S wheat production. Hence it can be stated that as demand from foreign sources increased, the supply also increased to mop up the effect of this increase in demand, as a result, the domestic equilibrium price remains relatively unchanged. If the production rate had not increased along with demand, there would have been more demand than supply thus, the price of wheat would have increased. On the other hand, the equilibrium quantity of wheat increased due to the improvement in production technology.
Final answer:
An increase in foreign demand for U.S. wheat combined with improved technology in wheat production will likely lead to higher equilibrium quantity. The effect on the domestic equilibrium price of wheat can be ambiguous, as it depends on the relative magnitudes of demand increase and supply increase.
Explanation:
An increase in the foreign demand for U.S. wheat coupled with improved technology in wheat production affects the domestic equilibrium for wheat. Higher foreign demand would increase U.S. wheat exports, leading to a potential increase in the domestic equilibrium price of wheat because there's less supply available for domestic consumers. However, improved production technology increases supply which could mitigate this price increase and lead to a lower equilibrium price than without the technology improvement. As a result, the equilibrium quantity of wheat would increase due to the combined effect of increased foreign demand and a larger supply thanks to the improved technology.
If the U.S exported more to Mexico due to increased demand there, at the same time as U.S farmers are producing more efficiently, we would see conflicting pressures on the U.S. domestic price. Increased exports could raise prices, but higher efficiency could reduce them. Ultimately, the net effect on price could go either way depending on the relative magnitudes of demand increase and supply increase. The equilibrium quantity, on the other hand, is likely to increase, as the higher foreign demand coupled with greater production capacity results in more wheat being sold overall.
Brief Exercise 4-08 In 2020, Kingbird Corporation reported net income of $1,171,600. It declared and paid preferred stock dividends of $265,400. During 2020, Kingbird had a weighted average of 209,100 common shares outstanding. Compute Kingbird 2020 earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.48.) Kingbird 2020 earnings per share $enter Kingbird's 2017 earnings per share in dollars rounded to 2 decimal places
Answer:
$4.33 per share
Explanation:
Given that,
Net income = $1,171,600
Preferred stock dividends paid = $265,400
weighted average of common shares outstanding = 209,100
Therefore,
Earnings per share:
= (Net income - Preferred stock dividends paid) ÷ weighted average of common shares o/s
= ($1,171,600 - $265,400) ÷ 209,100
= $906,200 ÷ 209,100
= $4.33 per share
Hence, the Kingbird 2020 earnings per share is $4.33.
3–1. Liability to Business Invitees. Kim went to Ling’s Market to pick up a few items for dinner. It was a stormy day, and the wind had blown water through the market’s door each time it opened. As Kim entered through the door, she slipped and fell in the rainwater that had accumulated on the floor. The manager knew of the weather conditions but had not posted any sign to warn customers of the water hazard. Kim injured her back as a result of the fall and sued Ling’s for damages. Can Ling’s be held liable for negligence? Discuss. (See Unintentional Torts—Negligence.)
Answer: yes
Explanation: although the manager was aware of the weather condition, his negligence hampered him from posting a sign to caution incoming customers. This negligence had incurred a damage to his account and he is liable to compensate Kim for negligence
Final answer:
the owner of market may be liable for negligence if they breached the duty of care owed to Kim by not addressing or warning of the wet floor. A repair shop may be responsible for damages caused by their employee, and an employer can be liable for employee actions under respondeat superior. A babysitter might be liable for negligence if inadequate supervision leads to harm.
Explanation:
It frequently depends on the duty of care that was assumed and whether or not that duty was broken in situations involving negligence and liability in business settings. Given that businesses are required to have a duty of care to their guests, in the event that Kim trips and falls at Market, the institution might be held legally responsible for damages under the idea of negligence. A company's obligation to maintain a reasonable level of security on its property may be violated if this responsibility is not met. Kim's injuries may be the responsibility of the market if it can be demonstrated that the manager knew about the dangerous conditions but did nothing to stop them or alert customers.If a repairman injures someone by accident, the business might be held accountable for the harm the repairman causes. In a similar vein, you can be required to reimburse a loan firm if they sue you for a debt and their claim is upheld. Liability in the babysitter's case depends on whether or not the caregiver was careless in supervising the kids, which might be the situation in this instance.
According to the responsive superior doctrine, employers are frequently held accountable for the conduct of their workers. Chris's accident at the McDonald's restaurant serves as an example of this, potentially making the business responsible for Geoff's injuries that its employee inflicted.
Productivity tends to be more difficult to improve in the service sector because the work is: A. frequently processed individually. B. often difficult to automate. C. often an intellectual task performed by professionals. D. typically labor-intensive. E. All of the above make service productivity more difficult.
Answer:
The correct answer is letter "E": All of the above make service productivity more difficult.
Explanation:
Service productivity is more complicated to measure compared to manufacturing productivity. The main reason for that is because services imply individual intellectual activities that cannot be computed based on hours worked. Besides, services are labor-intensive which means organizations need large amounts of employees to increase production who can be laid-off when the demand decreases.
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Cost Per Input UnitUnits Produced 1,000 1,000 Labor (hours) 280 255 $12Resin (pounds) 48 43 $5Capital Invested ($)9,000 10,000 1%Energy (BTU) 2,900 2,750 $0.50The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator = ___%?
Answer:
7.313%
Explanation:
In the problem above, the total cost for last year production is equivalent to the addition of labor cost, energy cost, capital cost, and material cost. Thus,
Total cost (last year) = (300*12) + (3000*0.6) + (9000*0.02) + (48*6) = 3600 + 1800 + 180 + 288 = 5868.
Last year productivity = unit produced/total cost = 1000/5868 = 0.17042
Total cost (this year) = (275*12) + (2850*0.60) + (10000*0.02) + (43*6) = 3300 + 1710 + 200 + 258 = 5468
This year productivity = 1000/5468 = 0.18288
%change in productivity = [(0.18288 - 0.17042)/0.17042]*100% = 7.313%
The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator is 7.313%
The calculation is as follows;
Total cost (last year) is
= (300 × 12) + (3000 × 0.6) + (9000 × 0.02) + (48 × 6)
= 3600 + 1800 + 180 + 288
= 5868.
Now
Last year productivity = unit produced ÷ total cost
= 1000 ÷ 5868
= 0.17042
Now
Total cost (this year) = (275 ×12) + (2850 ×0.60) + (10000 × 0.02) + (43 × 6)
= 3300 + 1710 + 200 + 258
= 5468
Now
This year productivity = 1000 ÷ 5468
= 0.18288
Now
%change in productivity = [(0.18288 - 0.17042) ÷ 0.17042]
= 7.313%
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George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four seasons was as follows: Year Season 1 2 3 4 Winter 1 comma 440 1 comma 240 1 comma 000 920 Spring 1 comma 500 1 comma 440 1 comma 600 1 comma 500 Summer 1 comma 040 2 comma 140 2 comma 000 1 comma 900 Fall 600 770 690 520 George has forecasted that annual demand for his sailboats in year 5 will equal 6 comma 500 sailboats. Based on the given data and using the multiplicative seasonal model, the demand level for George's sailboats in the spring of year 5 will be nothing sailboats (enter a whole number).
Answer:
budget sales per season
Seaon Year 5
winter 1,473
spring 1,934
summer 2,267
fall 826
Explanation:
First, we calcualte the average per season:
Seaon Year 1 Year 2 Year 3 Year 4 Average per season
winter 1440 1240 1000 920.00 1,150.00
spring 1500 1440 1600 1,500.00 1,510.00
summer 1040 2140 2000 1900 1,770.00
fall 600 770 690 520 645.00
Now, we cross multiply to get the next year values
Seaon Average per season Year 5
winter 1,150.00 1,472.91 (1150/5075 x 6500)
spring 1,510.00 1,933.99
summer 1,770.00 2,267.00
fall 645.00 826.11
5,075.00 6,500.00
If you invest $100 per year for 12 years at an interest rate of 6%, how much money will be in the account in the future?
Answer:
$1,686.99
Explanation:
The future value of an annuity is determined by the following expression:
[tex]FV = A*[\frac{(1+r)^n-1}{r}][/tex]
For an annual investment (A) of $100 for a period (n) of 12 years at an interest rate (r) of 6%, the future value (FV) is:
[tex]FV = 100*[\frac{(1+0.06)^{12}-1}{0.06}]\\FV=\$1,686.99[/tex]
After 12 years, there will be $1,686.99 in the account.
A company reports the following: Cost of goods sold $435,000Average inventory 72,500 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
Answer:
(a) 6
(b) 60.8 days
Explanation:
Given that,
Cost of goods sold = $435,000
Average inventory = 72,500
Therefore,
(a) Inventory turnover ratio:
= Cost of goods sold ÷ Average inventory
= $435,000 ÷ 72,500
= 6
Therefore, the inventory turnover ratio is 6.
(b) Number of days' sales in inventory:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 6
= 60.8 days
Therefore, the number of days sales in inventory is 60.8 days.
The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. This is an example of the a. relationship of the firm to other economic agents. b. relationship of the firm to its competitors. c. relationship of the firm to the employee. d. relationship of the employee to the firm. e. relationship of the employee to the environment.
Relationship of the firm to other economic agents.
Explanation:
Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.
In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.
Jim was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting a thorough investigation, he went and gave all the details to a local newspaper agency. The next day Jim read his own story, with his own name, in the newspaper. Which of the following is correct? a. Publishing the story in the newspaper was a wrong thing to do because Jim's family will be embarrassed. b. Jim may have been misrepresented in the story by the newspaper agency and the company might face legal consequences. c. The company did the right thing by publishing Jim's identity in the newspaper because it punished him for stealing as well as served a warning to his neighbors who might also be at the risk of being defrauded. d. The company should not have put Jim's name and story in the paper because when other employees will come to know about it, they might leave the organization.
Answer:
b. Jim may have been misrepresented in the story by the newspaper agency and the company might face legal consequences.
Explanation:
Jim has the right to take legal action against the company for releasing the story. The investigation had not been completed and all facts had not been established by the company.
Also the newspaper did not contact Jim to get his own side of the story before publishing, that could have revealed pertinent information about the case.
The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.A. TrueB. False
Answer:
The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.
This statement is a False statement.
Explanation:
SSEB tests the technical acceptability of proposals in a fair, accurate and effective manner with established evaluators and makes a valid and reliable evaluation as needed by request. Report information needed to support decisions on competitive range, the sharing of information, the selection of an award submission or the cancelation of an application.
How many months will it take to pay off a $470 debt, with monthly payments of $20 at the end of each month, if the annual interest rate is 15%, compounded monthly?
Answer:
28 month (approx)
Explanation:
Given
Present value = $470
Monthly Payment = $20
Interest Rate = 15% annual = 15% / 12 = 1.25% monthly
=0.0125
[tex]Present Value = PMT [\frac{1-(1+i)^{-n}}{i}] \\470 = 20 [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\470/20 = [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\23.5 \times 0.0125 =1-(1+0.0125)^{-n}\\1-0.29375= (1+0.0125)^{-n}\\0.70625 = (1+0.0125)^{-n}\\0.70625 =(1.0125)^{-n}\\0.70625= \frac{1}{(1.0125)^{n}}\\(1.0125)^{n}=1.4159292\\n=28(approx)[/tex]Granite Tops for You uses 15 units of capital at $5,000 per unit and employs 50 employees at a cost of $500 each. What is the company's variable cost?
Answer:
$25,000
Explanation:
Given that,
Units of capital used = 15
Per unit cost = $5,000
Number of Employees employed = 50
Cost of each employee = $500
In this question, the variable cost is the cost of employees.
Therefore,
Company's variable cost:
= Number of employees employed × Cost of each employee
= 50 × $500
= $25,000