Answer: Utilitarianism
Explanation:
Utilitarianism can he defined a moral theory that supports actions that boost overall pleasure or happiness and rebuff actions that lead to harm or unhappiness. A utilitarian philosophy aims to make the society a better place.
The maxim of utilitarianism is that a considerable amount of good should go to a considerable amount of people. Utilitarianism seeks to maximize well-being and happiness. Mama Diner's restaurant was closed because the principle of utilitarianism was not followed because handicapped students couldn't make use of bathroom stalls.
For example, if there is a new disease that kills people instantly when the affected person coughs around other people, the government might be forced to kill the person in order to save others.
The ethical philosophy represented in the Mamma's Diner case is utilitarianism, which values the happiness of the majority over the individual. An additional example is the allocation of scarce medical resources in healthcare, where the resource could be given to a patient who can potentially contribute more to society.
Explanation:The ethical philosophy represented in the case of Mamma's Diner is utilitarianism. Utilitarianism is a theory in moral philosophy that suggests the best action is the one that maximizes overall happiness or 'the greatest good for the greatest number'. It values the welfare of the majority over the individual. In this case, it was thought that the satisfaction of majority of the students who frequented the restaurant outweighed the need to accommodate the one wheelchair-bound student.
An additional example of utilitarianism could be the ethical scenario in healthcare, where scarce medical resources (like a single organ for transplant) could be given to a patient who may benefit from it the most and contribute more to society rather than a patient who may be in greater need but less likely to survive or contribute as much. Professionals in a clinical setting often face these ethical dilemmas.
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Camilo's property, with an adjusted basis of $302,200, is condemned by the state. Camilo receives property with a fair market value of $347,530 as compensation for the property taken.
a. What is Camilo’s realized and recognized gain?
b. What is the basis of the replacement property
Answer:
a. Realized gain = $45,330
Recognized gain = $0
b. $302,200
Explanation:
a. The realized gain is the increase in Camilo's economic position, that is, the difference between the fair market value of both properties. The recognized gain is the taxable gain, which is zero in this situation, since the new property is a compensation.
[tex]Realized = 347,530-302,200 =\$45,330\\Recognized = \$0[/tex]
b. Since there is no recognized gain, the new property must have the same basis as the previous condemned property, which is $302,200.
If Olaf earns $100,000 and pays $20,000 in taxes and George earns $200,000 and pays $48,000 in taxes, what type of tax system does this situation represent?
This situation represents progressive type of tax system.
Explanation:
A progressive tax is laid on the people based on their ability to pay. A lower tax rate is charged for the individual with low income compared to the person with higher income. The tax rate is fixed based on the income of the person. The high income earners are charged tax with higher percentage.
In the above scenario, the income of Olaf is $100,000. So he pays $20,000 as tax. George earns $200,000, so he pays $48,000 as tax. George pays tax higher than Olaf, as he earns higher than Olaf.
LaCrosse Products has a budget of $900,000 in 2015 for prevention costs. If it decides to automate a portion of its prevention activities, it will save $80,000 in variable costs. The new method will require $40,000 in training costs and $100,000 in annual equipment costs. Management is willing to adjust the budget for an amount up to the cost of the new equipment. The budgeted production level is 150,000 units.Appraisal costs for the year are budgeted at $600,000. The new prevention procedures will save appraisal costs of $50,000. Internal failure costs average $15 per failed unit of finished goods. The internal failure rate is expected to be 3% of all completed items. The proposed changes will cut the internal failure rate by one-third. Internal failure units are destroyed. External failure costs average $54 per failed unit. The company's average external failures average 3% of units sold. The new proposal will reduce this rate by 50%. Assume all units produced are sold and there are no ending inventories.4) What is the net change in the budget for prevention costs if the procedures are automated in 2015? Will management agree with the changes?A) $60,000 decrease, yesB) $60,000 increase, yesC) $140,000 increase, noD) $80,000 decrease, yes
Answer:
Option (B) is correct.
Explanation:
Total costs:
= Training costs + Annual Equipment costs
= $40,000 + $100,000
= $140,000
Net increase in prevention costs:
= Total costs - Amount save in Variable costs
= $140,000 - $80,000
= $60,000
Therefore, the net increase in the budget for prevention costs if the procedures are automated in 2015 is $60,000.
Yes, the management agree with the changes.
Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 42%. The T-bill rate is 6%. Your client chooses to invest 85% of a portfolio in your fund and 15% in a T-bill money market fund.
a. What is the expected return and standard deviation of your client's portfolio? (Round your answers to 2 decimal places.)
b. Suppose your risky portfolio includes the following investments in the given proportions:
Stock A 26%
Stock B 35%
Stock C 39%
What are the investment proportions of your client
Answer:
a. Expected Return = 16.20 %
Standard Deviation = 35.70%
b. Stock A = 22.10%
Stock B = 29.75%
Stock C = 33.15%
T-bills = 15%
Explanation:
a. To calculate the expected return of the portfolio, we simply multiply the Expected return of the stock with the weight of the stock in the portfolio.
Thus, the expected return of the client's portfolio is,
w1 * r1 + w2 * r285% * 18% + 15% * 6% = 16.20%The standard deviation of a portfolio with a risky and risk free asset is equal to the standard deviation of the risky asset multiply by its weightage in the portfolio as the risk free asset like T-bill has zero standard deviation.
85% * 42% = 35.70%b. The investment proportions of the client is equal to his investment in T-bills and risky portfolio. If the risky portfolio investment is considered of the set proportion investment in Stock A, B & C then the 85% investment of the client will be divided in the following proportions,
Stock A = 85% * 26% = 22.10%Stock B = 85% * 35% = 29.75%Stock C = 85% * 39% = 33.15%T-bills = 15%These all add up to make 100%Answer:
1a)16.2% 1b)35.7% 2a. 2b. 2c
Explanation:
1a)Expected Return=Prop in risky*exp return+Prop in t-bill*return in t-bill
=(0.85*0.18)+(0.15*0.6)
=0.162/16.2%
1b) prop in Rsky *standard deviation of risky
= 0.85*0.42
=0.357/35.7%
2a. The prop invested in risky is 85% so
=0.85*0.26=0.221/21.2%
=0.85*0.35=0.2975/29.75%
=0.85*0.39=0.3315/33.15%
You own a bond portfolio worth $28,000. You estimate that your portfolio has an average YTM of 6.9% and a Modified Duration of 7 years. If your portfolio's average YTM were to decrease by two basis points, what would be the approximate new value of your portfolio?
Answer:
[tex]Modified Duration = \frac{Duration}{ / (1 + Yield to Maturity)}[/tex]
[tex]Modified Duration = \frac{7}{(1+0.069)}[/tex]
[tex]Modified Duration = \frac{7}{(1.069)}[/tex]
Modified Duration = 6.55%
It identified that 1% change in Yield to maturity leads to 6.55% change in Price in opposite direction.
0.02% decrease move to increase by 6.55% * 2% = 0.1310%
[tex]New Portfolio Value = Old Value (1+g)[/tex]
[tex]New Portfolio Value = $ 28,000 (1+0.001310)[/tex]
New Portfolio Value = $ 28,000 × 1.001310
New Portfolio Value = $ 28,036.68
A BBB-rated corporate bond has a yield to maturity of 7.7 %. A U.S. treasury security has a yield to maturity of 6.3 %. These yields are quoted as APRs with semiannual compounding. Both bonds pay semi-annual coupons at a rate of 7.3 % and have five years to maturity. a. What is the price (expressed as a percentage of the face value) of the treasury bond? b. What is the price (expressed as a percentage of the face value) of the BBB-rated corporate bond? c. What is the credit spread on the BBB bonds?
Answer:
The price as a percentage of the treasury stock is 104.23%
The price as a percentage of the BBB-rated corporate bond is 98.37%
The credit spread on the bond is 1.40%
Find detailed computations in the attached.
Explanation:
The credit spread on BBB-rated corporate bond is the difference between its effective interest rate and the interest rate on the U.S government treasury security,that is:
7.7%-6.3%=1.40%
Note that the par value of a bond is usually $1000.
When the price of Nike tennis shoes goes from $100 to $80, the quantity demanded increases from 20 to 30 million. Over this price range, the absolute value of the price elasticity of demand is a. 1. b. 1.80. c. 2.50. d. 0.55. e. 1.25
Answer:
c. 2.50.
Explanation:
Elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a commodity. It is calculated as percentage change in quantity demanded divided by percentage change in price.
Elasticity is considered elastic if the value is above one, and is means an increase in price results in significant decrease in demand.
When elasticity is less than 1 it is said to be inelastic and increase in price does not result in significant change in demand.
Percentage change in quantity= (30millon- 20 million)/20 million= 0.5
Percentage change in price= (100-80)/100
Percentage change in price= 20/100= 0.2
Elasticity= 0.5/0.2= 2.5
To calculate the price elasticity of demand for Nike tennis shoes when the price goes from $100 to $80 and quantity demanded increases from 20 to 30 million, the elasticity is calculated as 1.80.
Explanation:Price elasticity of demand measures how the quantity demanded of a good changes with a change in its price. To calculate it, you can use the formula: percentage change in quantity demanded divided by the percentage change in price. In the given scenario of Nike tennis shoes, the price elasticity of demand is 1.25, which represents a relatively elastic demand.
To calculate the price elasticity of demand, we need to determine the percentage changes in both price and quantity demanded. The original price decreases from $100 to $80, which is a $20 decrease on a base of $90 (the average of $100 and $80), leading to a -22.22% change in price. The quantity demanded increases from 20 million to 30 million, which is an increase of 10 million on a base of 25 million (the average of 20 million and 30 million), resulting in a 40% change in quantity demanded. The formula for price elasticity of demand is the percentage change in quantity demanded divided by the percentage change in price, which gives us -40% / -22.22% = 1.80.
An increase in government spending of $200 million financed by a new tax of $200 million in an economy with a marginal propensity to consume of .90 could result in an increase in nominal GDP (assuming a closed economy with no leakages) of up to how much? (a) $0; (b) $2,000 million; (c) $180 million; (d) $200 million.
Answer:
(d) $200 million.
Explanation:
For computing the increase in nominal GDP first we have to determine the net tax which is equal to
= 0.90 ×$200 million
= $180 million
So, the net increase in government spending is
= $200 million - $180 million
= $20 million
And, we know that
Multiplier = 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.9)
= 1 ÷ 0.1
= 10
So, the increase in nominal GDP is
= $20 million × 10
= $200 million
When preparing to work on a project, teams should name a meeting leader to plan and conduct meetings, a recorder to keep a record of group decisions, and an evaluator to determine whether the group is on target and meeting its goals.
True or False?
Answer:
The statement is: True.
Explanation:
Teams tend to have more effective results when they select a leader, recorder, and evaluator. Those characters will play an important role to control and measure the team's performance that will lead them to achieve their objectives. The leader should guide the team whenever the members gather, the recorder registers the most relevant information of every meeting, and the evaluator measures the advance of the project with the help of the leader.
This year, Barney and Betty sold their home (sales price $660,000; cost $180,000). All closing costs were paid by the buyer. Barney and Betty owned and lived in their home for 18 months. Assuming no unusual or hardship circumstances apply, how much of the gain is included in gross income
Answer:
The whole of the $480,000 gained
Explanation:
Barney and Betty are selling their home for $660,000 and the cost incurred is $180,000. Their net profit is 660,000-180,000= $480,000.
However Barney and Beth have lived in the house for 18 months, they have not stated for up to two years, so they do not meet the two year ownership and use test.
All of the gain on the sale will be included as gross income. That is the whole $480,000 gained.
4.37.-On January 1st, Frank bought a used car for $72,000 and agreed to pay it as follows: ¼ down payment; the balance to be paid in 36 equal monthly payments; the first payment due February 1; an annual interest rate of 9%, compounded monthly.
Answer:
$1,664.099
Explanation:
The amount that should be recognised by the Frank in respect of monthly payments to be made in respect of used car shall be determined using present value of annuity formula as follows:
Total amount to be paid= $72,000*3/4=$54,000
Total amount to be paid=Present value of annuity=R+R[(1-(1+i)^-n)/i]
Where
R=Equal monthly payment to be made=?
i=Interest rate compounded monthly=9/12=0.75%
n=number of payments involved=36
Present value of annuity= $54,000
$54,000=R+R[(1-(1+0.75%)^-36)/0.75%]
$54,000=R+R(31.45)
$54,000=R*32.45
R=$1,664.099=equal monthly payment
You hire an experienced pet industry executive to consult with you both throughout the process. In your first meeting, she presents you with an initial market analysis and trend report.
The first decision you need to make is what type of retail format you think will be best for your new venture.
- Superstore (general merchandise discount store)
- Specialty store
- Category killer
Answer:
Specialty store.
Explanation:
Since it's your new business and you surely don't want to incur huge investment at this stage. So choosing for the other stores such as superstore or category killer will be costly and moreover, they will be irrelevant for your business. Because why would you need to open a general store when your business is related to pet industry?
If interest rate parity holds and the annual German nominal interest rate is 3 percent and the U.S. annual nominal rate is 5 percent and real interest rates are 2 percent in both countries, then inflation in Germany is about _______________ than in the United States.
Answer: 2% lower
Explanation:
On the island of Mabera, the local money is called "favoli." The price of every good in Mabera is expressed as the number of favolis needed to buy the good. The use of favolis to express the price of goods describes which function of money?
Answer:
The correct option is Unit of account
Explanation:
One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.
Thus, the correct option will be Unit Of Account.
Medium of exchange
Explanation:
Favoli works as “medium of exchange” on the island of Mabera.
Explanation- “Medium of Exchange” refers to the property of money by which it increases the interaction between the buyer and a seller. On the island of Mabera, every commodities price is expressed in the count of Favoli. There-by it means Favoli forms a medium of common exchange where any commodity can be converted into equivalent units of Favoli and vice-versa.
This is the most common use of money and it can be seen as the evolution over the traditional barter system which suffers from the “lack of wants”.
A company began the year with $500 in raw materials and purchased $10,250 more during the year. If the company has $725 in raw materials at the end of the year, then they would report direct materials used of
Answer:
$10,025
Explanation:
The change in raw material account balance at the start of a period and at the end of the period is as a result of 2 factor namely; use and purchases.
While use will result in a decrease in the account balance, purchases will cause an increase. This may be expressed mathematically as
Opening balance + purchases - use = closing balance
$500 + $10,250 - G = $725
where G represents the cost of the materials used during the period
G = $500 + $10,250 - $725
= $10,025
An assembly drawing: Question 22 options: A) shows an exploded view of the product. B) describes the dimensions and finish of each component. C) shows, in schematic form, how the product is assembled. D) lists the operations, including assembly and inspection, necessary to produce the component with the material specified in the bill of material. E) provides detailed instructions on how to perform a given task.
Answer:
A) shows an exploded view of the product.
Explanation:
An assembly drawing is a technical drawing that displays all parts of a product and how they fit together. Multiple drawings from various angles are used to give the user an idea of how the parts for together.
Assembly drawings may also involve instructions, list of component parts, reference numbers, and specification information.
Assembly drawings are presented in two forms: the exploded pictorial view, and the 2-D sectioned view.
How much will you have at the end of 5 years in a European vacation account if you deposit $200 a month in an account that is paying a nominal 12 percent per year, compounded monthly
Answer:
The final value is $16,333.93
Explanation:
Giving the following information:
You deposit $200 a month for 5 years on an account with an annual interest rate of 12% compounded monthly.
First, we need to calculate the monthly interest rate:
Interest rate= 0.12/12= 0.01
Now, we can calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= 200
i= 0.01
n= 5*12= 60
FV= {200*[(1.01^60)-1]}/ 0.01= $16,333.93
Benny purchased $400,000 of Peach Corporation face value bonds for $320,000 on November 13, 2012. The bonds had been issued with $80,000 of original issue discount (OID), because Peach was in financial difficulty in 2012. On December 3, 2013, Benny sold the bonds for $283,000 after amortizing $1,000 of the original issue discount.
What are the nature and amount of Benny's gain or loss?
Benny has $ of Selectlong-term capital lossordinary lossshort-term capital lossItem 2 from the sale of the bonds.
Answer:
Amount $38000 of long-term capital loss
Explanation:
given data
purchased = $400,000
face value bonds = $320,000
sold the bonds = $283,000
original issue discount = $1,000
solution
we get here amount of Benny's that is express as
amount of Benny's = face value bonds - sold the bonds + original issue discount .................1
put here value
amount of Benny's =$320,000-$283,000 + $1000
amount of Benny's = $38000
so here amount $38000 of long-term capital loss
A joint goal is one in which Question 3 options: A) all parties work together to achieve some output that will be shared. B) all parties share the result equally. C) the parties work toward a common end but benefit differently. D) individuals with different personal goals agree to combine them in a collective effort. E) All of the above are characteristics of a common goal.
Answer:
D) individuals with different personal goals agree to combine them in a collective effort.
Explanation:
A joint goal is one where different people come together and pool their resources to achieve a particular goal or objective. The collective effort is mutually beneficial to parties involved.
The advantage of working in groups toward a joint goal is that differing expertise is introduced and this makes the goal more achievable than when individuals attempt it alone.
This leads to formation of a team.
A joint goal is an objective shared by multiple parties who may work together and compromise to achieve shared outcomes. The shared outcomes might benefit participants differently, and parties may have to navigate collective dilemmas and variations in personal motivations.
Explanation:A joint goal refers to an objective that multiple parties work towards, often within a group or organization. When discussing the characteristics of a joint goal, option E) 'All of the above are characteristics of a common goal' seems to be the most comprehensive answer. However, the provided reference information does not allow for a clear-cut answer as it suggests that situations can range widely - from participants having a general agreement on goals but differing on details to participants having motivations contrary to group goals, which can create collective dilemmas.
In practical applications, such as international policy on climate change or industry-wide corporate associations, a joint goal often includes elements where parties work together towards a goal, may benefit differently, and sometimes have to compromise to reach mutual objectives. Participants in a joint goal may share in the outcomes, but not necessarily equally, as their contributions and stakes might differ.
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You expect KT industries (KTI) will have earnings per share of $4 this year and expect that they will pay out $1.75 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 13% and their equity cost of capital is 10%. The value of a share of KTI's stock today is closest to ________.
Final answer:
To calculate the value of a share of KTI's stock today, we use the Dividend Discount Model (DDM) to determine the present value of future dividend payments. By multiplying the expected payout ratio by the expected earnings per share, we can calculate the future dividends per share. Then, by discounting these future dividends to the present using the equity cost of capital, we can calculate the present value of the expected dividends per share. In this case, the value of a share of KTI's stock today is closest to $0.39773.
Explanation:
To calculate the value of a share of KTI's stock today, we need to determine the present value of the future dividend payments. We can use the Dividend Discount Model (DDM) to calculate this. First, we need to calculate the future dividends per share by multiplying the expected payout ratio (dividend per share / earnings per share) by the expected earnings per share. In this case, the expected dividends per share would be $1.75 (dividend per share) / $4 (earnings per share) = $0.4375.
Next, we calculate the present value of these future dividends by discounting them to the present using the equity cost of capital. We can use the formula PV = Dividend / (1 + r), where PV is the present value, Dividend is the expected dividend per share, and r is the equity cost of capital. In this case, r is 10%.
Using this formula, we can calculate the present value of the expected dividends as follows: PV = $0.4375 / (1 + 0.10) = $0.39773 (rounded to 5 decimal places). Therefore, the value of a share of KTI's stock today is closest to $0.39773.
Required information [The following information applies to the questions displayed below.] The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $26,000. July 23, 2021 Receive $17,000 from customers on account. December 31, 2021 Estimate that 20% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $39,000. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $35,000 from customers for services provided in 2022. December 31, 2022 Estimate that 20% of uncollected accounts will not be received. Required: 1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answer:
Journal 1 : February 2, 2021 Provide services to customers on account for $26,000
Trade Receivables $26,000 (debit)
Revenue $26,000 (credit)
Journal 2 :July 23, 2021 Receive $17,000 from customers on account.
Bank $17,000 (debit)
Trade Receivables $17,000 (credit)
Journal 3 :December 31, 2021 Estimate that 20% of uncollected accounts will not be received
Profit and Loss $ 1,800 (debit)
Allowance for Doubtful Debts $ 1,800 (credit)
(26,000-17,000)×20%
Journal 4 :April 12, 2022 Provide services to customers on account for $39,000
Trade Receivables $39,000 (debit)
Revenue $39,000 (credit)
Journal 5 :June 28, 2022 Receive $6,000 from customers for services provided in 2021.
Bank $6,000 (debit)
Trade Receivables $6,000 (credit)
Journal 6 :September 13, 2022 Write off the remaining amounts owed from services provided in 2021.
Bad Debts $3,000 (debit)
Trade Receivables $3,000 (credit)
(26,000-17,000-6,000)
Journal 7 :October 5, 2022 Receive $35,000 from customers for services provided in 2022
Bank $35,000 (debit)
Trade Receivables $35,000 (credit)
Journal 8 :December 31, 2022 Estimate that 20% of uncollected accounts will not be received.
Profit and Loss $800 (debit)
Allowance for Doubtful Debts $800 (credit)
39,000-35,000×20% = 800
Explanation:
"Services to customers on account"
Recognise an Asset - Trade Receivables and also Recognise Revenue
"Receipt of Cash from Receivables"
Recognise the Assets of Cash and De-recognise the Trade Receivable
"Estimate of uncollected accounts"
Recognise an Expense in the Profit and Loss and recognise a Contra - Account Allowance for Doubtful Debts to De-recognise the Trade Receivables
The following income statement contains errors.Curbstone CompanyIncome StatementFor the Year Ended August 31, 20161 Sales $8,595,000.00 2 Cost of merchandise sold 6,110,000.003 Income from operations $2,485,000.004 Operating expenses: 5 Selling expenses $800,000.00 6 Administrative expenses 575,000.00 7 Delivery expense 425,000.00 8 Total operating expenses 1,800,000.009 $685,000.0010 Other income and expense: 11 Interest revenue 45,000.0012 Gross profit $640,000.00Identify the errors by preparing a corrected multiple-step income statement. Be sure to complete the heading of the statement. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign.
Final answer:
To correct the income statement, the gross profit must be calculated by subtracting the cost of merchandise sold from sales, and the net income is determined by adjusting the income from operations with other income, such as interest revenue.
Explanation:
The income statement provided contains several errors that we need to correct to present the financial performance properly. The corrected multiple-step income statement should sequentially deduct various costs and expenses from the sales to arrive at net income. It is also important to correctly categorize and sequence items like gross profit, income from operations, and total operating expenses.
Corrected Income Statement
Curbstone Company
Income Statement
For the Year Ended August 31, 2016
College sophomores were given a short course in speed reading. Three groups had courses lasting for 5, 15, or 25 sessions. At the conclusion of the course, participants were asked to read a paragraph, followed by a test of comprehension. Before taking the test, participants in each group were offered a monetary incentive-no money, $1, or $10 for a certain level of performance. The researcher collected the reading time and number of correct items on the comprehension test for each participant
Answer:
Answer explained below
Explanation:
College sophomores were given a short course in speed reading. Three groups had courses lasting for 5, 15, or 25 sessions. At the conclusion of the course, participants were asked to read a paragraph, followed by a test of comprehension. Before taking the test, participants in each group were offered a monetary incentive - no money, $1, or $10 for a certain level of performance. The researcher collected the reading time and number of correct items on the comprehension test for each participant.
1. Identify the design (e.g., 2 X 2 factorial).
Design = 3X3 factorial
2. Identify the total number of conditions.
3³= 27 conditions
3. Identify the manipulated variable(s).
Sessions( 5,15 and 25) and a monetary incentive(no money, $1, or $10)
4. Is this an IV X PV design? If so, identify the participant variable(s).
Yes. Participant variable are reading time
5. Identify the dependent variable(s).
Two dependent variables: reading time and number of correct items
1. The design is a 3X3 factorial design, which has independent and participant variables, showing that the k factors are considered at three levels as low, intermediate and high levels.
2. The total number of conditions of a 3X3 factorial design is 27, calculated as 3³, which = 27 conditions.
3. The manipulated variable(s) are the sessions (5, 15, and 25) and the monetary incentives (no money, $1, or $10).
4. The design is an IV X PV design. It features the independent variables (IV) and the participant variables (PV) The participant variable are identified as the three participant groups.
5. The dependent variables include the reading time and the number of correct items on the comprehension test for participants.
Question Completion:
1. Identify the design (e.g., 2 X 2 factorial).
2. Identify the total number of conditions.
3. Identify the manipulated variable(s).
4. Is this an IV X PV design? If so, identify the participant variable(s).
5. Identify the dependent variable(s).
Thus, a 3X3 factorial design always has k factors, with three levels, considered as low, intermediate and high levels.
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The Boston House increases its dividend each year. The next annual dividend is expected to be $2.25 a share. Future dividends will increase by 5.0 percent annually. What is the current value of this stock if the discount rate is 13 percent?
Answer:
Current value of stock = $28.125
Explanation:
Given:
Annual dividend = $2.25
Growth rate = 5% = 5 / 100 = 0.05
Discount rate = 13% = 13 / 100 = 0.13
Current value of stock = ?
Computation of current value of stock:
Current value of stock = Annual dividend / (Discount rate - Growth rate)
Current value of stock = $2.25 / (0.13 - 0.05)
Current value of stock = $2.25 / (0.08)
Current value of stock = $28.125
The price of a bond is equivalent to: I. Face value II. Projected interest payments discounted to the present III. The amortization amount of a bond IV. The present value of the principal payment Select one: A. I + III B. I – III C. II + IV D. I + II
Answer:
The price of a bond is equivalent to II + IV (option C).
Explanation:
The promise made between two or more persons legally is referred to as a bond. Bonds are provided by companies in order to increase their capital balance. Interest is received during regular intervals by the purchaser.
The price of a bond is equal to the present value of all future interest payments added to the present value of the principal.
The price of the bond is not equal to face value; neither is
the amortisation amount of bond equivalent to the price of the bond.
Therefore, price of the bonds and amortisation amount of bond is not equivalent to the price of the bond.
So, The price of a bond is equivalent to II + IV (option C).
The price of a bond is equivalent to Projected interest payments discounted to the present and The present value of the principal payment.
A bond is simply known as a type of loan contract that exist between an issuer, the seller of the bond and a holder which is the purchaser of a bond.The present value (PV) of a bond shows the sum of all the future cash flow from that contract until it matures with full repayment of the par value. .
Conclusively, To determine the present value of bond, is by the value of a bond today for a fixed principal (par value) to be repaid in the future at any predetermined time.
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Charge a $5 penalty if an attempt is made to withdraw more money than available in the account.Here the account string is "S" or "C". "S" is for savings account. "C" is for checking account. For the deposit or withdraw, it indicates which account is affected. For a transfer it indicates the account from which the money is taken; the money is automatically transferred to the other account.
Answer:
C++ code is explained below
Explanation:
class Account {
double balance;
double add(double sum) {
balance += sum;
return sum;
}
double withdraw(double sum) {
if (sum > balance) {
balance -= 5;
return -5; // this will come in handy in Prob. 6
} else {
balance -= sum;
return balance; // Notice: always >= 0 (never < 0)
}
}
double inquire() { return balance; }
Account() { balance = 0; }
Account(double sum) { balance = sum; }
double interest (double rate) {
return rate * balance;
}
}
_______________________________
class Bank {
Account checking;
Account savings;
void deposit(double amount, String account) {
if (account.equals("C")) checking.add(amount);
else // my default
savings.add(amount);
}
void withdraw(double amount, String account) {
if (account.equals("C")) checking.withdraw(amount);
else // my default
savings.withdraw(amount);
}
void transfer (double amount, String account) {
if (account.equals("C"))
if (checking.withdraw(amount) >= 0)
savings.add(amount);
else checking.add(5); // somewhat fault-tolerant
else // default
if (savings.withdraw(amount) >= 0)
checking.add(amount);
else savings.add(5); // no penalty for transfers
}
void printBalances() {
System.out.println(
"Checking: " + checking.inquire() +
"\nSavings: " + savings.inquire()
);
}
}
"Another term for online word-of-mouth marketing is ________, which refers to the transmission of messages in much the same way that biological viruses are transmitted from person to person."
Answer:
The correct answer is letter "B": viral marketing.
Explanation:
Word-of-mouth marketing or viral marketing is the type of advertising consumers make of a product or service based on their own experiences. They could represent a benefit or a risk for the company of the product in reference since the comments being spread about it are based on subjective ideas.
Comments of people with a certain degree of influencing others are likely to affect more a firm's sales negatively or positively.
AlphaBrona Industries manufactures 50,000 components per year. The manufacturing cost of the components was determined as follows:Direct materials$ 80,000Direct labor100,000 Variable overhead 30,000 Fixed overhead 60,000Total$270,000An outside supplier has offered to sell the component for $10. Fixed costs will remain the same if the component is purchased from an outside supplier.What is the effect on income if AlphaBrona Industries purchases the component from the outside supplier
Answer: -$290,000
Explanation:
The income would reduce by $290,000 if purchased from an outside supplier.
$270,000 is the cost of manufacturing 50,000 components per year.
Should they buy from outside it would cost $10 per component which would come to $500,000.
Fixed costs remain the same so we add that to the cost of purchasing outside.
$500,000 + $60,000 = $560,000
Total cost of purchasing from outside is $560,000.
The difference between the costs is =$560,000 - $270,000
= $290,000
This difference in cost would have to be accounted for from income so if purchased from outside, the income will reduce by $290,000.
The balance sheet reports the A. financial position on a specific date. B. financial position for a specific period. C. results of operations on a specific date. D. results of operations for a specific period
Answer:
c
Explanation:
Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $961,000. Without new projects, both firms will continue to generate earnings of $961,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 14 percent. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16))
a. What is the current PE ratio for each company?
Price / Earnings ________________________ times
b. Pacific Energy Company has a new project that will generate additional earnings of $111,000 each year in perpetuity. Calculate the new PE ratio of the company.
Price / Earnings ________________________ times
c. U.S. Bluechips has a new project that will increase earnings by $211,000 in perpetuity. Calculate the new PE ratio of the firm.
Price / Earnings ________________________ times
Answer:
a.
Price / Earnings 7.04 times
b.
Price / Earnings 7.14 times
c.
Price / Earnings 7.14 times
Explanation:
a.
Earning = $961,000
Rate of return = 14%
PV of Perpetuity = Cash flow / rate of return
PV of Perpetuity = $961,000 / 0.14 = $6,864,286
As we know that Price is the Present value of future cash flows which is perpetuity of $6,764,286.
Price Earning Ratio = $6,764,286/ $961,000 = 7.04 times
b.
Earning = $961,000 + $111,000 = $1,072,000
Rate of return = 14%
PV of Perpetuity = Cash flow / rate of return
PV of Perpetuity = $1,072,000 / 0.14 = $7,657,143
As we know that Price is the Present value of future cash flows which is perpetuity of $7,657,143.
Price Earning Ratio = $7,657,143/ $1,072,000 = 7.14 times
c.
Earning = $961,000 + $211,000 = $1,172,000
Rate of return = 14%
PV of Perpetuity = Cash flow / rate of return
PV of Perpetuity = $1,172,000 / 0.14 = $8,371,429
As we know that Price is the Present value of future cash flows which is perpetuity of $6,764,286.
Price Earning Ratio = $8,371,429 / $1,172,000 = 7.14 times