Answer:
Explanation:
Given:
$12,000 loan => P = 12000 Annual interest rate of 12.50 percent => r = 12.5% Four-year simple-ineterest installment loan => n= 4 years = 12*4 =48 monthsSo monthly payment = [tex]\frac{The principle}{number of periods}[/tex]= [tex]\frac{12000}{48} = 250[/tex]
and the total interest will you pay over the four years = 4*12000*12.15% = 583.2
APR—Annual Percentage Rate = Interest rates are usually given as an annual percentage rate (APR)—the total interest that will be paid in the year. If the interest is paid in smaller time increments, the APR will be divided up.
Here is is 12.15%
Cricket Corp. issued, without consideration, rights allowing stockholders to subscribe for additional shares at an amount greater than par value, but less than both market and book values. When the rights are exercised, how are the following accounts affected?
Answer:
The capital issued due to issuing of rights issues will recorded as under:
Dr Cash received
Cr Share Capital at the rate par value
Cr Share Premium at the rate (amount received per share - Par value)
Explanation:
So these are the accounts that will be affected and all the remaining accounts will not be affected.
HearIT, Inc., sells headphones and other listening devices. HearIT buys the goods from manufacturers and then resells them directly to consumers. HearIT does not pay cash to the manufacturers, but instead buys the inventory on credit, giving a security interest to the manufacturer. HearIT sells Judy a pair of headphones that later are repossessed by the manufacturer when HearIT fails to pay the manufacturer. In this situation, HearIT most likely violated:____________
Answer:
A warranty of no liens
Explanation:
HearIT has violated the warranty of no liens
Warranty: This can be defined as the assurance usually given by the seller of the existence of a fact on which the buyer can rely. Giving warranty is the duty of the seller, so buyers can sue the sellers in case of any breach in the agreement. instance, we have express warranty, warranty of title, implied warranty.
1) Warranty of Title
a) No Liens: Sellers usually give assurance to the customers that they are selling goods free from debt.
As in the case of HearIT, he has violated this contract by selling goods to Judy that are later repossesed by the manufacturer because the goods were bought on credit and HearIT failed to pay the manufacturer.
b) Good Title:This is the assurance given by the seller that the goods are not stolen goods.
2) No Infringements: It us a warranty given by the sellers to the buyers that their commodities are free from all kinds of infringement like patent right, copyright.
Except where disclaimed, a seller warrants that the goods delivered are free from any copyright, trademark, or patent claims by a third party.
Except where disclaimed, sellers warrant that they have good and valid title to the goods being sold and that they have the power to rightfully transfer title to the buyer. In other words, the goods aren’t stolen.
Except disclaimed, sellers warrant that the goods they are selling are free of any liens -- that is, any encumbrance on the goods or other property to satisfy a debt or protect a claim for payment of a debt (e.g., a security interest on personal property or a mortgage on real property).
2) Express warranty
3) Implied warranty
Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew. He plays softball with his coworkers on the weekends. They also volunteer together at the local food bank during the holidays, and socialize with their families at summer picnics. Ramiro is highly satisfied with his job. Which of the following is the most probable cause of Ramiro's high job satisfaction?A) payB) promotionC) high stressD) social contextE) work itself
Answer:
D. Social Context
Explanation:
Social context generally refers to the immediate social setting in which people live and go about their daily activities. Social context or rather social environment in the workplace has a relatively strong connection to job satisfaction. Here, Ramiro is said to work with a nice crew which obviously makes doing the work a whole lot better, also plays softball on the weekends and volunteer in the same group with his coworkers. These social context he has going with his coworkers makes the job satisfactory for him. He's very active with his coworkers both on the job and off the job. If the reverse were to be the case, say, maybe he doesn't get along with his coworkers, the work becomes very unsatisfactory.
Pay cannot be the reason for his satisfaction because the pay is relatively low. Also, the fact he's been doing the same thing for 6 years shows promotion has nothing to do with his satisfaction. Neither does the work stress or the work itself.
Ramiro's high job satisfaction is most likely due to the social context of his job, emphasizing the role of coworker relationships and team activities in fostering a sense of belonging and satisfaction.
Explanation:The most probable cause of Ramiro's high job satisfaction is the social context at work. Research indicates that factors like friendships at work, social relationships, and engaging in activities like volunteering with coworkers can significantly contribute to job satisfaction.
Ramiro's high job satisfaction likely stems from the social context of his job rather than his pay, promotion opportunities, stress levels, or the work itself. Although pay and the nature of the work can influence job satisfaction, research suggests that the social aspects of work, such as the quality of relationships with coworkers and involvement in team activities, play a significant role. Ramiro enjoys playing softball with coworkers, volunteering at the local food bank, and socializing at summer picnics, highlighting the importance of camaraderie and shared values in fostering job satisfaction. The presence of close friendships at work and a sense of belonging can increase an employee's satisfaction and commitment to their job, making the social context a pivotal factor in job satisfaction.
A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. c. both A and B d. engages in international borrowing and lending.
Answer:
The correct option is C,both A and B
Explanation:
A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.
A closed economy also assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.
Hope College is planning for the next biennium. School administrators know that the enrollment is on the decline, but still need to offer students the best experience possible. They want to shrink their payroll slowly. They can accomplish this through:_______.A. temporary employees.B. pay reduction.C. downsizing.D. demotions.E. early retirement.
Answer: Early Retirement.
Explanation:
From the question in order for Hope college to give their students the best possible experience at school, they need to employ staff on a short term basis to avoid cost of paying long term staff very high salaries. This short term employment of staff would help the college save cost as the income the school receives is on the decline.
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the price rises to S25, and the firm makes whatever adjustments are necessary to maximize its profit at the now-higher price. Once the firm has adjusted, its a. quantity of output is higher than it was previously. b. average total cost is higher than it was previously. c. marginal revenue is higher than it was previously. d. All of the above are correct. 5. 6. A profit-maximizing firm in a competitive market is currently producing 200 units of output. It has average revenue of $9 and average total cost of S7. It follows that the firm'se a. average total cost curve intersects the narginal cost curve at an output level of less than 200 units. b. average variable cost curve intersects tne maiguial cost curve at an output level of less 双击可隐藏空白: than 200 units.e c. profit is $400. d. All of the above are correct.
Answer: c. marginal revenue is higher than it was previously.
Explanation:
Marginal revenue is higher than it was previously.
Marginal Revenue is the additional revenue that is generated by selling one more unit, In a Competitive market Firms are price takers meaning the can only adjust quantity and not the price.
The marginal Revenue equals to the price of a good or service. When Price increases from $20 to $25 ,the Marginal Revenue will be $25 which is higher than it was previously
A public relations firm tailors its advertising and promotional services according to the needs and preferences of specific customers. This exemplifies ________.
Answer: individual marketing
Explanation:
Individual marketing can also be called personalized marketing or one-to-one marketing is a marketing technique which tailors products and marketing programs to the needs and preferences of individual customers.
Individual marketing technique is applied directly to a specific consumer. It is aimed at satisfying customers wants individually.
Answer:
D. Individual marketing
Explanation:
Individual marketing also known as personalized or one on one marketing is a promotional or marketing tool used for separate entities. It involves the used of marketing strategy to personalize products to the needs and preferences of individual customers. It is also sometimes referred to as customized marketing. Major focus are placed on linking products with each individual and not the general market.
In individual marketing, the specific needs of the customer are met. With the aid of technology, it's become easier for companies to deliver individualized and customized products and services.
One of the questions in the Pew Internet & American Life Project asked adults if they used the Internet at least occasionally (Pew website, October 23, 2012). The results showed that 454 out of 478 adults aged 18 - 29 answered Yes; 741 out of 833 adults aged 30 – 49 answered Yes; 1058 out of 1644 adults aged 50 and over answered Yes.
Round your answers to four decimal places.
a. Develop a point estimate of the proportion of adults aged 18 – 29 who use the Internet.
b. Develop a point estimate of the proportion of adults aged 30 – 49 who use the Internet.
c. Develop a point estimate of the proportion of adults aged 50 and over who use the Internet.
d. Suppose your target population of interest is that of all adults (18 years of age and over). Develop an estimate of the proportion of that population who use the Internet.
Answer:
Explanation:
S/N Age range Adult Population Population Internet Users
A 18 - 29 478 454
B 30 - 49 833 741
C 50 and above 1644 1058
Total 2955 2253
a) Let E = Estimate proportion and A = Internet users
Hence, n(E) = 478 and n(A) = 454
∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)
b) n(E) = 833 and n(B) = 741
∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)
c) n(E) = 1644 and n(C) = 1058
∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)
d) Let Et = Total estimate proportion
Hence, n(Et) = 2955 and n(A) = 454
∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)
The point estimates for the proportion of adults using the Internet are 0.9498 for ages 18-29, 0.8894 for ages 30-49, 0.6438 for ages 50 and over, and combining the data for all age groups yields an overall estimate of 0.7386.
The Pew Internet & American Life Project aims to measure the proportion of adults in various age groups using the Internet. To find the point estimates for each group, we simply divide the number of respondents who answered 'Yes' by the total number of respondents in that age group.
Proportion Estimates for Internet Usage
a. Proportion of adults aged 18
dash 29 who use the Internet:
Point Estimate = Number of 'Yes' responses / Total number of respondents
Point Estimate = 454/478 = 0.9498 (rounded to four decimal places)
b. Proportion of adults aged 30
dash 49 who use the Internet:
Point Estimate = 741/833 = 0.8894 (rounded to four decimal places)
c. Proportion of adults aged 50 and over who use the Internet:
Point Estimate = 1058/1644 = 0.6438 (rounded to four decimal places)
d. Overall proportion of all adults using the Internet:
To estimate this, we need to combine the 'Yes' responses and the total respondents from all age groups. Add the number of 'Yes' responses together and divide by the total number of respondents.
Overall Point Estimate = (454+741+1058) / (478+833+1644) = 0.7386 (rounded to four decimal places)
Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality. Kyle is a _______.a. data stewardb. database administratorc. data managerd. data administrator
Answer:
The correct answer is a. data steward.
Explanation:
Database administrators manage and maintain computerized databases. They make sure they are safe and up to date. These professionals work on ways to reorganize databases to make them faster or easier to use. They create backup systems so that data is not lost if problems arise in the database.
Database administrators are responsible for the computerized databases of companies. Companies use databases to maintain and update large amounts of information in a structured way to be able to use it more efficiently. They ensure that the database is secure and is used effectively. The use and security of the information contained in databases are regulated by a strict data protection law.
It is the responsibility of the database administrator to ensure that only authorized persons can see very personal details, for example, medical information. In addition, citizens have the right of access to information that appears on them in databases; administrators may have to negotiate this access.
Database administrators work closely with database users, finding out if there is a problem and assessing the system's ability to meet the demand.
They also provide assistance to users, for example by showing them how to search the database for specific information. They can launch database reports (or reports) for users to execute. Database reports select, group and print certain data in several ways, for example, a monthly sales report. Some database administrators write user manuals and provide training for new staff.
Final answer:
Kyle manages critical data elements within his company and is thus best described as a data steward, whose primary role is to ensure the quality and appropriateness of data use.
Explanation:
Kyle is responsible for managing critical data elements such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality assurance. Considering these roles, Kyle is a data steward. A data steward typically oversees the life cycle of data, ensuring its appropriateness for use, its quality, and availability to meet business needs. The role is distinct from that of a database administrator who focuses on the technical management and maintenance of the database systems, or a data administrator whose role is more about systems and the environment surrounding the data. Effective data stewardship is essential for quality information management, and it includes tasks like maintaining the integrity, accessibility, and security of important data within an organization.
According to a recent report by the Society for Human Resource Management, ________. the operations department should be the repository for corporate ethics business ethics and corporate culture are independent elements in today's workplace integrity and ethical behavior are marginally important for HR executives it is the duty of HR professionals to help create an ethical climate in their organization
Answer:
According to a recent report by the Society for Human Resource Management, It is the duty of HR professionals to help create an ethical climate in their organization.
Explanation:
Human resource management has become more specialized to meet the ever changing multi-dimensional workforce and organizational requirements.
one of the main issue in the workplace among workers in the distinction between Ethics and Corporate Culture.
management tends to less Ethical and focuses more on the profession itself but this reports adly on the organization due to workers resentment towards bosses
For that reason,
The operations department should not be the repository for corporate ethics business ethics and corporate culture shouldn't;t be independent elements in today's workplace integrity and ethical behavior should e very important for HR executivesBased on this premise, it is the duty of HR professionals to help create an ethical climate in their organization.
Austin is training his company’s supervisors in how to use the performance management system. He has explained the importance of ensuring that employees know what goals they are expected to achieve. Assuming the company has a well-designed performance management process, what would Austin tell the supervisors they should do next?
Answer:
Provide support and discuss performance regularly.
Explanation:
In this case, we can say that Austin would tell supervisors that they should provide support and discuss performance on a regular basis, as a company with well-designed performance management is premised on performance analysis and management.
This could be implemented in the company with supervisors focused on coordinating and controlling their subordinates in order to analyze and provide support and provide subsidies that assist in continuous improvement, motivation and increased work performance.
Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales manager instead of a regional sales manager.
a) Flattened management hierarchies
b) Nonterritorial offices
c) Changing communication technologies
Answer:
A) Flattened management hierarchies
Explanation:
Organizations are usually shaped like pyramids, with the vast majority of the employees being at the bottom of the pyramid, and the number of supervisors and managers shrinking as you go up. Traditional organizations tend to have a lot of management levels and are very tall, while more modern organizations have much fewer management levels and are much shorter and flatter.
In this case, since two management levels have been eliminated, the organizational pyramid is shorter and flatter.
You have recently been promoted, and your decisions will have a greater impact on your organization than before. Even if you try hard to make good decisions, what factors may contribute to poor outcomes?
Jeff and Rob have a difficult time getting along at work. Most days, Jeff spends a lot of time cracking jokes and goofing off, while Rob constantly nags him and tells him to act like a grown up. On days when Jeff is more reserved, Rob does not nag him, hoping that this will result in improved behavior down the road. This is an example of which form of behavior modification?A. Empowerment.B. Extinction.C. Punishment.D. Avoidance learning.E. Positive reinforcement.
Answer:
D. Avoidance learning
Explanation:
Based on the information provided within the question it can be said that this is an example of avoidance learning. This term refers to a when an individual removes themselves from a situation in order to avoid a stressful or unpleasant situation. Which is exactly what Rob is doing by not nagging Jeff on his good days in order to avoid Jeff acting immature later.
The ________ are quite dynamic in terms of processing trades and incorporating information in prices and thus are considered very efficient markets. foreign bond markets fixed income markets equity markets domestic bond markets
Answer:
The correct answer is equity markets.
Explanation:
The equity markets are quite dynamic in terms of processing trades and incorporating information in prices and thus are considered very efficient markets.
The efficient market hypothesis (EMH) is a theory in finance and economics which suggests that the stock market or equity market is all knowing and therefore, the price is always right. Equity markets are considered as the meeting points for buyers and issuers of stocks. Equity markets use most effective trade instruments and thus are considered very efficient markets. Market efficiency refers to the degree of transparency of all available and relevant information in a stock market.
Which of the following management researchers formalized the theory that employees can be expected to perform better when they are motivated by a reward? a. Elton Mayo b. Frederick Taylor c. Gemba Kaizen d. Victor Vroom e. none of the above
Answer:
Victor Vroom
Explanation:
Vroom believed that an individual’s motivation was a combination of these three forces V,I and E. For an individual to be motivated they needed to believe that firstly, they could achieve a particular outcome (expectancy), and secondly, that by achieving the outcome (instrumentality) it would result in a positive valency (and not too many negative valencies).
An example of this might be the student who thinks that getting a good job is important (positively valent) and that working hard to pass their exams will help them to get a good job (instrumentality) and that they also believe that with hard work they are capable of achieving good grades (expectancy).
In certain African countries like Niger, Tanzania, Nigeria, and Sudan, for example, GDP per capita at the start of the 2000s was still less than $___________.
Answer:
$ 300
Explanation:
GDP per capita is an economic measure of a country's output. It is an economic measurement parameter that takes into consideration the number of people. It is obtained by dividing the country's GDP by the total population of people in that country. As such, it a precise measure of a country's standard of living. It also serves as an indication of a country's wealth from the perspective of the people. It represents somewhat the purchasing power of the average citizen of a country
Mathematically represented thus:
GDP per capita = GDP / Population
At the start of the 2000s, the average citizen of these countries had a purchasing power of less than $ 300
In the early 2000s, certain African countries such as Niger, Tanzania, Nigeria, and Sudan had a GDP per capita of less than $300, indicating significant economic disparity compared to other regions like Russia, Argentina, and Mexico.
Explanation:In certain African countries such as Niger, Tanzania, Nigeria, and Sudan, despite the economic growth waves other countries have experienced, the GDP per capita at the start of the 2000s was still less than $300. For comparison, countries like Russia, Argentina, and Mexico had a mid-tier per capita GDP of about $6,000-10,000 in the same timeframe. The figure of $300 for these African countries is a striking indication of socio-economic disparity, despite progress in other parts of the world, such as the growth observed in China (population: 1.4 billion) and India (population: 1.3 billion).
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A bond will sell at a premium when its coupon interest rate: is lower than the market interest rate on similar bonds. equals the market interest rate on similar bonds. varies more than the market interest rate on similar bonds. exceeds the market interest rate on similar bonds
A bond will sell at premium when its coupon interest rate exceeds the market interest rate on similar bonds.
Explanation:
Premium bonds are the bonds that are trading above par in the market. Further on the bond would trade on premium only when it offers a coupon rate exceeding the market rate that is being offered on similar bonds.
In simple lay man's language, the term premium and discount can be understood to carry a crude definition of high and low demand. When the demand would be high, the bonds would fetch a higher value and vice-versa.
Thus Bonds would highly be valued when it is paying interest that is greater than the interest prevailing in the market contemporarily.
If the price of a pack of post it notes increases from $2.00 to $2.80 and as a result quantity demanded falls from 160 to 80 units, what is the price elasticity of demand
Answer:
The price elasticity of demand is 1.25
Explanation:
The price Elasticity of Demand (PED) ia used to show the responsiveness of the demand of a good or service to a change in price. The PED can be either elastic (when the % change in demand is more than % change in price), or inelastic (when the % change in demand is less than the % change in price).
mathematically, it is represented as;
PED = (% change in demand) ÷ (% change in price)
Let us calculate the percentage changes.
% change in demand = (change in demand)/original demand × 100
= (160 - 80)/160 × 100 = 80/160 ×100 = 50%
% change in price = (change in price)/original price × 100
= (2.80 - 2.0)/2.0 × 100 = 0.8/2.0 × 100 = 40%
∴ PED = 50 ÷ 40 = 1.25 (elastic)
The CFO of company ABC wants to give every employee a 3% raise, but would like a report to confirm if this is possible. Write an SQL statement that would pull this report from the Employee table. They are requesting just the Employee ID, Current Salary, and Salary plus 3%. Salary is saved in the database for the employees annual pay.
Answer:
For such a report , the sql query required would be:
SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;
Explanation:
For such a report , the sql query required would be:
SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;
In the above sql query employee id is emp_id , curr_salary is the current salary column. "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.
The focus of a(n) __________ strategy is high sales at low cost; the high sales are typically achieved by coming up with a product that will appeal to a broad target market.
Answer:
Mass marketing
Explanation:
Mass marketing -
It refers to as the marketing strategy , where the focus is on the complete market rather than some specific group , is referred to as mass marketing .
It is the reverse of niche marketing .
Mass marketing requires advertising method like , television , radio , newspaper , magazine etc.
As they tries to capture large area of consumers .
Hence , from the given information of the question ,
The correct answer is mass marketing .
Suppose that the economy is at long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short runa. real GDP will rise and the price level might rise, fall, or stay the same.b. real GDP will fall and the price level might rise, fall, or stay the same.c. the price level will rise, and real GDP might rise, fall, or stay the same.d. the price level will fall, and real GDP might rise, fall, or stay the same.
Answer:
d. the price level will fall, and real GDP might rise, fall, or stay the same.
Explanation:
Suppose that the economy is at long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short runa the price level will fall, and real GDP might rise, fall, or stay the same.
The certainty is that as immigration increases price level falls as a result of 2 things:
1. Immigration affects the prices of the inputs that are used to produce goods and services. Those inputs for which immigrant labor substitutes will suffer as the prices of their services fall. Therefore, an increase in the number of immigrants will generally decrease the wages of domestic unskilled workers.
2. Immigration affects the prices of the outputs of production process because as the number of workers increase, production ability and supply of goods and services increase and increased supply will definitely result in lower prices.
Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000 per month in alimony and $500 per month in child support. For a 12-month period, Lanny can deduct from gross income (and Joyce must include in gross income):
a. $0
b. $30,000
c. $6,000
d. $24,000
e. None of these
Answer:
d. $24,000
Explanation:
A divorce agreement is a contract that is formed between a husband and wife that states conditions under which they are dissolving their marriage. It includes the terms that they will both agree to fulfil on marriage dissolution.
Once the contract is signed by both parties it becomes binding on them.
Under the alimony terms the amount that will be included as gross income deduction is the amount that is going to the recipient.
In this case the $2,000 for 12 months. The $500 will be paid as child support and not included in the gross income deduction.
Child support payments are not included in alimony.
Gross income deduction= 2,000* 12= $24,000
Answer:
B. $ 30,000
Explanation:
Given:
Monthly payments deducted
Child support = $ 500
Alimony = $ 2000
1 year = 12 months
Total amount payable in 1 year = child support in 2017 + alimony in 2017
= ($500 × 12) + ($2000 × 12)
= $6000 + $ 24000
= $30000
The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabrication $460,000 and Assembly $192,000. Rowland manufactures two products: treadmills and weight machines. Each treadmill requires 3 direct labor hours in Fabrication and 1 direct labor hour in Assembly. Each weight machine requires 2 direct labor hours in Fabrication and 5 direct labor hours in Assembly. Each product is budgeted for 4,000 units of production for the year.
Determine the factory overhead allocated per unit for each weight machine, using the department factory overhead allocation rates.
a. $77.00
b. $163.00
c. $86.00
d. $81.50
Answer: $86.00
Explanation: A department factory overhead rate is calculated as budgeted department factory overhead divided by budgeted department allocation base. The overhead rate is then multiplied by the dhls for each product individually
Fabrication dlh (4,000 treadmills × 3 dlh) + (4,000 weight machines × 2 dlh) = 20,000dlh
$460,000 / 20,000 dlh = $23 per dlh
Assembly dhl (4,000 treadmills × 1 dlh) + (4,000 weight machines × 5 dlh) = 24,000 dlh
$192,000 / 24,000 dlh = $8 per dlh
Weight Machine:
Fabrication: 2 dlh × $23 per dlh = $46
Assembly: 5 dlh × $8 per dlh = 40
Therefore: Allocation per unit $86.00
Miller corporation has a premium bond making semiannual payments. the bond has a coupon rate of 11 percent, a ytm of 9 percent, and 15 years to maturity. the modigliani company has a discount bond making semiannual payments. this bond has a coupon rate of 9 percent, a ytm of 11 percent, and also has 15 years to maturity. both bonds have a par value of $1,000. what is the price of each bond today?
Answer:
The price of miller's bond today $1,162.89
The price of Modgliani's bond today $854.66
Explanation:
The approach taken to arrive at the prices was that of discounting the future cash flows in terms of semi-annual coupon interest payment and repayment of principal of the two bonds to today's terms.
In discounting the cash flows I used the pv formula in excel, pv(rate,nper,pmt,-fv)
rate is the semi-annual yield to maturity of 4.5% for Miller and 5.5% for Modgliani
The nper is 15*2( 15 for years, 2 for semi-annual interest payment)
pmt is the semi-annual coupon payable by the bonds,$55 for Miller and $45 for Modliani
The future value is $1000 and it is same for both bonds
Find the calculation in the attached
Glasvania, a European country, experiences a period of economic downturn that results in high unemployment. With most of its citizens out of work and having limited money to spend, the country's economy is dictated by low sales. Given the situation, all buyers are compelled to reduce their prices by a large margin. This scenario exemplifies_________
The economic situation in Glasvania, where high unemployment has led to decreased demand and sellers reducing prices, is known as deflation.
Explanation:This scenario exemplifies deflation, a term in economics. When an economy experiences deflation, the general price level in an economy is reducing over time. It's often caused by a decrease in the supply of money or credit, but can also occur due to decreases in demand or supply of goods and services. This situation can appear during periods of economic crisis, such as the one Glasvania is experiencing, where high unemployment leads to less consumer spending and hence, lower demand. This lowered demand can cause sellers to reduce their prices, as they're doing in Glasvania.
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Which one of the following statements is true?
a) In a job-costing system, individual jobs use different quantities of production resources
b) In a process-costing system each unit uses approximately the same amount of resources.
c) An averaging process is used to calculate unit costs in a job-costing system.
d) Both (a) and (b) are true.
The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract
For example:Job costing is required for deriving the cost of construction of a building,for designing a software
Process costing is a term that is used in cost accounting.
It is used to calculate the manufacturing cost of a Product.
A processing cost system is used during the mass production of the identical units .
Michael is preparing the company's cash budget. when preparing the cash disbursements section, he includes inventory, labor, overhead, selling expenses, administrative expenses, depreciation, dividends, and income taxes. what error did michael make? will cash disbursements be too high or too low as a result of this mistake?
a.michael failed to include credit sales in his estimate, which would make cash disbursements too low.
b.michael included depreciation in his estimate, which would make cash disbursements too high.
c.michael failed to include financing in his estimate, which would make cash disbursements too low.
d.michael included income taxes in his estimate, which would make cash disbursements too high.
Answer:
b.michael included depreciation in his estimate, which would make cash disbursements too high.
Explanation:
Cash disbursement is defined as outflow of cash that is paid in the process of obtaining goods and services. Cash disbursement can also be in the form of refunds to a customer or dividend payments.
Items we can include in cash disbursement include: inventory, labor, overhead, selling expenses, administrative expenses, dividends, and income taxes.
Depreciation is not part of cash disbursement as it does not involve outlay of cash, but rather reduction in value if assets.
Answer:
The correct option is (C). Michael failed to include financing in his estimate, which would make cash disbursements too low.
Explanation:
Financing is a big source of cash disursement since projects and programmes must be funded to get completed. Therefore, it will certainly make cash disbursement too low because a big spending source was ommitted as a mistake.
In 2017, Boeing announced that it was laying off 1,800 employees in addition to the 7,000 workers it had cut the year before. The laid-off employees who were not able to find jobs at another aircraft manufacturer due to a permanent decline in employee demand in the aircraft industry would be considered
a) structurally unemployed.
b) frictionally unemployed.
c) seasonally unemployed.
d) cyclically unemployed.
Answer:
A. Structurally Unemployed
Explanation:
Structural unemployment is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology like in this case. These changes may in turn alter the structure of the total demand for labour rendering some particular skill less in demand or may become obsolete. The demand for other skill however may expand. Unemployment in this case is the result of the composition of the labour force which does not respond quickly to new structures of job opportunities. In this case, there's a decline for workers demand in aircraft industry, as a result, the laid of workers skills are not matched with the probable current jobs available.
Geraldine Parker, the owner of Gi Grs Dance Studio, Inc., started the business by investing $10,000 cash and donating a building worth $20,000. Identfy the general jourmal entry below that Gi Gřs will make to record the transaction. A. Cash 30. Common Stock 0,000 B. Common Stock 30 Cash 10,000 Building 20,000 C. Cash 10,000 Building 20.000 Common Stock D. Common S Stock 30,000 Retained Eamings E. Cash & Builing 30,000 Common Stock 30,000
Answer:
C. Cash 10,000 Building 20.000 Common Stock 30,000
Explanation:
To record the journal entry for investing cash in a business in exchange for common stock and a building to start the business,
Debit Cash $10,000
Debit Building $20,000
Credit Common Stock $30,000
Therefore, Gi Grs Dance Studio, Inc. invested cash in exchange for common stock as well as donated a building for business. In that case, two asset accounts increases, and an equity account establishes.