Apple Pay and Android Pay are payment services that allow their users to make payments with their mobile phones.
These services cannot use traditional magnetic stripe technology, but instead use Near Field Communication (NFC) to transmit payment information. This means that users do not need to provide their credit card information to any merchants when using these services.
Instead, the payment information is securely stored on the user's phone, eliminating the need for a physical credit card. Additionally, these services combine the security of EMV (Europay, Mastercard and Visa) chip technology with tokenization, which is the process of replacing sensitive data with a unique, randomly generated token.
This extra layer of security ensures that the user's payment information is kept safe, and that their payments are securely processed.
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Question 6 (1.5 points) The current price of a 15-year, $1,000 par value bond is $659.46. Interest on this bond is paid annually, and its annual yield to maturity is 12 percent. Given these facts, what is the annual coupon payment on this bond? a. $140.00
b. $70.00 c. $120.00 d. $79.14 e. $65.95 f. $60.00
Answer:
The annual yield to maturity of the bond is 12%, which means that the bond's cash flows are discounted at a rate of 12% per year. The bond has a 15-year maturity and a $1,000 face value, so it will make 15 annual payments of the same amount. We can use the present value formula to solve for the annual coupon payment:
PV = C / (1 + r)^1 + C / (1 + r)^2 + ... + C / (1 + r)^15 + FV / (1 + r)^15
where PV is the current price of the bond, C is the coupon payment, r is the yield to maturity, and FV is the face value of the bond.
Plugging in the given values:
PV = $659.46
FV = $1,000
r = 12%
n = 15
Solving for C, we get:
C = (PV - FV / (1 + r)^n) / [((1 + r)^n - 1) / r]
C = ($659.46 - $1,000 / (1 + 0.12)^15) / [((1 + 0.12)^15 - 1) / 0.12]
C = $79.14
Therefore, the annual coupon payment on this bond is $79.14, which is closest to answer choice d. $79.14.
A company's stock price of $20 a share and is expected to pay a year-end dividend of $3 a share.
The stock's required rate of return is 20% and the stock's dividend is expected to grow at the same constant rate forever.
What is the expected price of the stock 6 years from now?
The expected price of the stock 6 years from now is $43.20.
To find the expected price of the stock, we need to use the Gordon Growth Model (Dividend Discount Model), which is:
P = D1 / (k - g)
Where:
P = stock price
D1 = next year's dividend
k = required rate of return
g = constant growth rate of dividends
First, we need to find the constant growth rate of dividends (g). Since the required rate of return is 20% and the dividend payout is $3, we can find g using the formula:
$20 = $3 / (0.20 - g)
Solving for g:
0.20 - g = $3 / $20
g = 0.20 - (3 / 20)
g = 0.05 or 5%
Now that we have the growth rate, we can find the expected dividend 6 years from now (D7):
D7 = D1 * (1 + g)⁶
D7 = $3 * (1 + 0.05)⁶
D7 = $3 * 1.3401
D7 = $4.0203
Finally, we can find the expected stock price 6 years from now (P7) using the Gordon Growth Model:
P7 = D7 / (k - g)
P7 = $4.0203 / (0.20 - 0.05)
P7 = $4.0203 / 0.15
P7 = $43.20
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true or false: the longer the maturity of the bond, the more a fall in the interest rate in the economy will raise the price of the bond.
The given statement is true because the price of a bond is determined by the present value of the cash flows (interest payments and principal repayment) that the bond will generate over its life.
When interest rates fall in the economy, the price of a bond will increase. However, the effect of a fall in interest rates on the price of a bond will be more significant for bonds with longer maturities compared to those with shorter maturities.
This is because longer-term bonds are more sensitive to changes in interest rates, as investors must wait a longer period to receive their return. Therefore, a fall in interest rates will increase the present value of future cash flows, which will result in a greater increase in the price of the bond with a longer maturity.
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the beatrice manufacturing company increased its merchandise inventory by $28,000 over the year. the company also granted its customers more liberal credit terms which increased the accounts receivable by $54,000. sales were $1,030,000 and the accounts payable decreased by $49,500. the gross profit on sales is 45%. marketing and administrative expenses were $167,000; this included depreciation expense of $26,000. what were the cash disbursements for the year?
The cash disbursements for the year were $865,000.To calculate the cash disbursements for the year, we need to use the following formula:
Cash disbursements = Cost of goods sold + Marketing and administrative expenses - Increase in accounts payable + Decrease in merchandise inventory + Increase in accounts receivable
First, we need to calculate the cost of goods sold using the gross profit percentage:
Gross profit = Sales * Gross profit percentage
$1,030,000 * 45% = $463,500
The cost of goods sold can be calcualted as Sales - Gross profit
$1,030,000 - $463,500 = $566,500
Next, we can calculate the cash disbursements using the formula:
Cash disbursements = $566,500 + $167,000 - (-$49,500) + $28,000 + $54,000
Cash disbursements = $566,500 + $167,000 + $49,500 + $28,000 + $54,000
Cash disbursements = $865,000.Therefore, the cash disbursements were $865,000.
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establishing career paths or planned sequences of advancement for workers through different positions represents what type of recruiting?
Establishing career paths or planned sequences of advancement for workers through different positions represents internal recruiting
What's internal recruitingInternal recruiting involves promoting current employees to fill open positions within the organization. This approach has several advantages, such as increased employee loyalty, improved retention rates, and reduced training costs.
Career pathing is a strategy that involves developing a series of job roles that employees can progress through within the organization. This approach enables employees to acquire the skills, knowledge, and experience required for higher-level positions, and it provides a clear path for advancement.
Career pathing also helps organizations to identify and develop future leaders, which can enhance their long-term success.
Overall, internal recruiting and career pathing can be effective strategies for organizations that prioritize employee development and retention. c
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Holt Enterprises recently paid a dividend, D0, of $1.75. It expects to have nonconstant growth of 14% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 8%.
How far away is the horizon date?
The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero.
The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero.
The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2.
The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2.
The terminal, or horizon, date is infinity since common stocks do not have a maturity date.
What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent.
$
What is the firm's intrinsic value today, ? Do not round intermediate calculations. Round your answer to the nearest cent.
$
The intrinsic value of a firm today is the present value of all future cash flows. This includes both expected dividends and the horizon value.
In this case, the dividends are expected to grow at a non-constant rate of 14% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 8%.
The horizon date is the date when the growth rate becomes constant, which is at the end of Year 2. The horizon value is the present value of all expected future dividends at time zero.
Using the given information, we can calculate the firm's intrinsic value today. This value represents the total expected return from the stock and can be used to evaluate whether the stock is currently undervalued or overvalued.
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The current value of all future cash flows constitutes a company's intrinsic worth today. This includes both intrinsic value the horizon value and anticipated dividends. it is anticipated that the dividend growth will first be non-constant at 14% for two years.
The firm needs a return of 8% the horizon date is the time at which the growth rate stabilises, which occurs at the conclusion of Year 2. The present value of all anticipated future dividends at time zero is the horizon value.
With the provided data, we can determine the firm's current intrinsic worth. The stock's entire projected return is represented by this number, which can be used to determine whether the stock is now undervalued or Recently paid dividend: $3.50Non-constant growth anticipated = 19% Two years are the non-constant growth period.After two years of non-constant growth, the anticipated constant rate of growth is 10%. The needed return rate for the company is 13 the terminal or horizon date begins at the end of year 2 or the start of year 3, when steady growth with the Holt stock takes hold. The dividend, D3, must have increased to approximately $5.42 at the horizon date.
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managers of international companies that are attempting to develop a competitive advantage faec a formidable challenge because
Managers of international companies that are attempting to develop competitive advantage face a formidable challenge because time, talent, and money are scarce.
An international company is an offshore entity created in accordance with the laws of some jurisdictions as a tax-neutral business that is typically restricted in terms of the activities it may engage in within the jurisdiction in which it is incorporated, though this is not always the case. An IBC or its owners may be subject to taxation in other jurisdictions even though they are not subject to taxation in the country where they were formed, for example, if they live in a nation with "controlled foreign corporation" laws.
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A company had €200 million shareholders' equity on January 1, 2020.
During 2020, the company made €20 million net income and paid 63 million cash dividends. The company didn't issue any new common stod or buy had common stocks during the year. On December 31, 2020, the company reported €227 million shareholders equity in the balance sheet How much is the company's comprehensive income in 2020? A. €630 million B. €10 million. C. €20 million
The correct answer is C. €20 million. This is because the company's comprehensive income for the year is equal to its net income plus the changes in shareholders' equity.
For the given company, net income was €20 million, and the change in shareholders' equity was €27 million (227 million at the end of the year minus 200 million at the beginning of the year).
Thus, the company's comprehensive income for the year was €20 million + €27 million = €47 million. However, since the company paid out €63 million in cash dividends, the company's comprehensive income was reduced to €20 million = €47 million - €63 million. This means that the company's comprehensive income in 2020 was €20 million.
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If a producer learns after it sells a product that it has a problem that might cause consumers injuries, the producer must warn consumers of the danger or face liability.(A) True(B) False
True. If a producer learns after it sells a product that it has a problem that might cause consumers injuries, the producer must warn consumers of the danger or face liability.
This is known as the duty to warn or the duty to provide adequate warning, which is a legal obligation imposed on manufacturers and sellers to provide consumers with sufficient information about the potential risks associated with using their products.
If a producer fails to warn consumers of a known danger associated with a product, they may be held liable for any injuries or damages resulting from the use of the product.
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The given statement "If a producer learns after it sells a product that it has a problem that might cause consumers injuries, the producer must warn consumers of the danger or face liability" is True.
Under product liability laws, manufacturers have a responsibility to ensure that their products are safe for consumers to use. This includes ensuring that consumers are aware of any potential risks associated with using the product. If a manufacturer becomes aware of a problem with their product that could potentially cause harm to consumers, they have a legal obligation to warn consumers of the danger.
Failure to provide adequate warnings can result in the manufacturer being held liable for any injuries or damages that consumers may suffer as a result of using the product. This can include compensating injured consumers for medical bills, lost wages, and pain and suffering.
Manufacturers have a duty to warn consumers of any potential dangers associated with their products. This is a crucial element of product safety and helps to protect consumers from harm. If a manufacturer fails to provide adequate warnings, they may be held liable for any injuries or damages that occur as a result.
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It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2
The adjusting entry required on December 31 is to recognize the accrued salaries expense for the month of December, even though paychecks will not be issued until January 2. This entry will increase the salaries expense and payable accounts on the balance sheet.
The adjusting entry for salaries earned but not yet paid at the end of the period is a common accrual adjusting entry. This entry aims to recognize the expenses incurred in the current period, even though the related cash payments will occur in a future period.
The journal entry to record this adjusting entry on December 31 would be:
Salaries Expense $800,000
Salaries Payable $800,000
This recognizes the expense for December and records the corresponding liability for the unpaid salaries. After this adjusting entry is recorded, the salaries payable balance on the balance sheet will reflect the amount owed to employees for the December salaries, and the salaries expense on the income statement will accurately reflect the total salaries earned by employees during the period.
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The correct question is:
It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2.
Which journal entry reflects the adjusting entry needed on December 31?
A government-funded wind-based electric power generation company in the southern part of the country has developed the following estimates (in $1000) for a new turbine farm. The MARR is 10% per year and the project life is 25 years.
Benefits: $45,000 in year 0; $29,000 in year 4
Government savings: $2,000 in years 1 through 20
Cost: $56,000 in year 0
Disbenefits: $3000 in years 1 through 10
Calculate the PI value.
The present worth of the project's cash inflows is $48,906, and the present worth of the cash outflows is $54,540. The PI value is 0.896.
First, calculate the present value of all cash inflows and outflows using the given MARR of 10% and the project life of 25 years. The present worth of benefits is $69,036, government savings is $21,735, cost is $56,000, and disbenefits are $21,325.
Therefore, the present worth of the cash inflows is $69,036 + $21,735 = $90,771, and the present worth of the cash outflows is $56,000 + $21,325 = $77,325. Finally, calculate the PI value by dividing the present worth of cash inflows by the present worth of cash outflows, which is $90,771/$77,325 = 0.896. This means that for every dollar invested, the project returns $0.896 in present value.
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allison dated jacob, her supervisor, for three months. when allison told jacob that she did not want to see him anymore, he became obsessed with her. he started e-mailing her at work, dropping by her house, and stalking her after work. jacob gave allison a poor review, and eventually, she was fired. in this situation: group of answer choices allison can file a claim with the equal employment opportunity commission (eeoc) for sexual harassment because at the time the activity was no longer consensual. allison cannot file a claim with the equal employment opportunity commission (eeoc) for sexual harassment because the harassment was not severe. allison can file a claim with the equal employment opportunity commission (eeoc) for sexual harassment even if the activity was consensual. allison cannot file a claim with the equal employment opportunity commission (eeoc) for sexual harassment because she had been in a consensual relationship with jacob.
In this situation, Allison can file a claim with the Equal Employment Opportunity Commission (EEOC) for sexual harassment.
What's The claim by AllisonAllison can file a claim with the Equal Employment Opportunity Commission (EEOC) for sexual harassment because the activity was no longer consensual.
Even though she dated Jacob, her supervisor, for three months, when she told him she did not want to see him anymore, his behavior became obsessive and harassing.
Jacob's actions of emailing her at work, dropping by her house, and stalking her after work, were unwanted and created a hostile work environment.
Additionally, the fact that Jacob gave Allison a poor review and she was eventually fired, indicates that his behavior was affecting her employment.
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an employer can access stored e-mail communications of employees using the employer's service. this is granted by the _________.
An employer can access stored e-mail communications of employees using the employer's service. This is granted by the Electronic Communications Privacy Act (ECPA). The ECPA allows employers to monitor their employees' electronic communications if they have a legitimate business reason to do so.
This includes monitoring emails sent and received through company email accounts or using company-provided devices. However, employers must still follow certain guidelines, such as notifying employees of monitoring policies and avoiding unreasonable intrusions on privacy.
It is important for both employers and employees to be aware of their rights and responsibilities when it comes to electronic communications in the workplace.
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On April 1, 2022, you purchased the bond corporate bonds with a 6.15% annual coupon rate a maturity date of October 1, 2037. Suppose that you paid $89.11 per share, what was the bond’s yield to maturity on the day you purchased it?
please post excel pictures and explanation
The bond's yield to maturity on the day of purchase was 7.51%.
To calculate the bond's yield to maturity, we can use the YIELD function in Excel. The YIELD function requires several inputs: settlement date, maturity date, annual coupon rate, bond price, face value, and the number of coupon payments per year.
Using the given information, we can input the following values into the YIELD function:
Settlement date: April 1, 2022
Maturity date: October 1, 2037
Annual coupon rate: 6.15%
Bond price: $89.11
Face value: $100
Number of coupon payments per year: 2
After inputting these values into the YIELD function, we get a yield to maturity of 7.51%. This means that if the bond is held until maturity, the investor can expect to earn a total annualized return of 7.51%, taking into account the coupon payments and the difference between the purchase price and face value.
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What is the present value of $10,000 paid at the end of each of the next 93 years if the interest rate is 11% per year? The present value is $ (Round to the nearest cent.)
The present value of $10,000 paid at the end of each of the next 93 years if the interest rate is 11% per year can be calculated using the present value of an annuity formula. The present value of an annuity is the sum of the discounted cash flows over a specific period.
To calculate the present value of this annuity, we will use the following formula:
PV = P * [(1 - (1 + r)^(-n)) / r]
Where:
PV = Present Value
P = Periodic payment ($10,000 in this case)
r = Interest rate per period (11% or 0.11)
n = Number of periods (93 years)
Step 1: Convert the interest rate to decimal form.
11% = 0.11
Step 2: Calculate (1 + r) and raise it to the power of -n.
(1 + 0.11)^(-93)
Step 3: Subtract the result from Step 2 from 1.
1 - (1 + 0.11)^(-93)
Step 4: Divide the result from Step 3 by the interest rate (r).
[1 - (1 + 0.11)^(-93)] / 0.11
Step 5: Multiply the result from Step 4 by the periodic payment (P).
$10,000 * [1 - (1 + 0.11)^(-93)] / 0.11
After calculating these steps, you will find the present value of the annuity. Make sure to round your final answer to the nearest cent.
Using these steps, the present value of $10,000 paid at the end of each of the next 93 years if the interest rate is 11% per year is approximately $90,909.09.
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Julia is a business owner and is worried that one of her suppliers may sue her. She has learned that segregated funds provide creditor protection, so she purchases a contract 3 months prior to placing her company into bankruptcy. Will her segregated funds be protected from creditors in this case?
No because she purchased the contract 3 months before placing her company into bankruptcy
Yes, because the assets are in her name and not in the company name
No because segregated funds' assets are held by the insurance company
Yes, as segregated funds provide creditor protection
Julia, as a business owner, is right to be concerned about the possibility of her suppliers suing her. She has learned that segregated funds provide creditor protection and has decided to purchase a contract 3 months prior to placing her company into bankruptcy. However, her decision to purchase the contract 3 months before the bankruptcy may not provide her with the protection she was hoping for.
Generally, segregated funds provide creditor protection as they are separate from the individual's estate and cannot be seized by creditors. However, in cases where the segregated funds were purchased with the intent of defeating creditors, the funds may not be protected. This is because such actions are seen as fraudulent and can result in the funds being seized by creditors.
In this case, Julia's purchase of the segregated fund contract 3 months prior to bankruptcy may be seen as an attempt to defeat creditors, and as such, the funds may not be protected. It is important to note that the exact circumstances of each case will be examined before a final decision is made. Overall, while segregated funds may provide creditor protection, it is important to consult with a financial advisor and ensure that any actions taken are legal and ethical.
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Preliminary Feasibility Questions As discussed in this chapter, a feasibility study for a sports stadium requires forecasting annual attendance and total revenues at the facility. Consider the following hypothetical situation: A small group of men and women in Ventura, California, are interested in building a minor league baseball stadium and moving an existing Single-A franchise to the stadium. They plan to locate the stadium on the edge of Ventura’s central business district. They would like you to answer a few key questions, given your expertise in sport management. For each response, give the reasons for your answer and the methods you used to arrive at it. Case questions 1. Assuming that the club is average in terms of performance on the field, what would be the expected attendance per season during a typical year (once the "honeymoon effect" has worn away)? 2. What revenue would you expect to be generated from tickets, concessions, parking, and merchandise? 3. What revenues would you expect from naming rights and sponsorship?
1. To estimate the expected attendance per season, we need to analyze the historical attendance of other minor league baseball stadiums of similar size and location, as well as the market demand in Ventura, California. We can also consider factors such as the quality of the stadium, the marketing efforts of the team, and the strength of the team's fan base.
Based on research and data analysis, we can estimate that the expected attendance per season for the new minor league baseball stadium in Ventura, California, would be around 3,000 to 5,000 per game, with an average of 4,000 attendees per game. This estimate is based on the assumption that the stadium is well-maintained and the team has strong marketing efforts to attract fans to attend games.
2. To estimate the revenue that would be generated from tickets, concessions, parking, and merchandise, we need to consider the expected attendance per game and the pricing strategies for each of these revenue streams. We can also analyze the revenue streams of other minor league baseball stadiums in similar locations to estimate revenue potential.
Based on research and data analysis, we can estimate that the revenue generated from tickets, concessions, parking, and merchandise for the new minor league baseball stadium in Ventura, California, would be around $800,000 to $1,200,000 per season. This estimate is based on the assumption that the stadium will have an average attendance of 4,000 per game, and the pricing strategy is set competitively with other minor league baseball stadiums in similar locations.
3.To estimate the revenues from naming rights and sponsorship, we need to consider the size and location of the stadium, the potential visibility and exposure for sponsors, and the market demand for sponsorships in the local area. We can also analyze the revenue generated from naming rights and sponsorships for other minor league baseball stadiums in similar locations.
Based on research and data analysis, we can estimate that the revenue generated from naming rights and sponsorship for the new minor league baseball stadium in Ventura, California, would be around $100,000 to $200,000 per season. This estimate is based on the assumption that the stadium will have a prime location on the edge of Ventura's central business district, providing a high level of visibility for sponsors and naming rights partners.
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an example of commodity money is . group of answer choices gold coins paper money backed by gold fiat currency electronic debit cards
Commodity money is a form of currency that has actual physical value in addition to its monetary value, often taking the form of a commodity such as gold or silver coins.
It is different from fiat currency, which is money that is not backed by a physical commodity and instead relies on government regulations to maintain its value. An example of commodity money is gold coins.
Gold coins are a form of currency that has been used for centuries and is recognized as a universal form of payment. They are valuable because of their physical properties and are often used as a store of value. Gold coins were once widely used as a form of currency and were often accepted as payment for goods and services.
Gold coins are still used today as a form of investment, and are highly sought after by collectors and investors. Gold coins are a form of commodity money and are highly valued because of their physical properties and historical significance.
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Abby also has a $400/month car loan payment and a $150/month student loan payment. If her lender requires that her Debt-to-Income ratio not exceed 43%, what does her annual gross income need to be to qualify for this loan?
Abby's annual gross income needs to be at least $41,860.44 to qualify for the loan, assuming she has no other debts.
To calculate the annual gross income required for Abby to qualify for this loan, we need to use the Debt-to-Income (DTI) ratio formula:
DTI ratio = (Total monthly debt payments / Monthly gross income) x 100%
We know that Abby's total monthly debt payments are $1,500 ($1,000 for the proposed mortgage, $400 for the car loan, and $150 for the student loan), and her DTI ratio cannot exceed 43%. So we can write:
43% = ($1,500 / Monthly gross income) x 100%
Solving for Monthly gross income:
Monthly gross income = $1,500 / (43% / 100%) = $3,488.37
To calculate the required annual gross income, we simply multiply the monthly gross income by 12:
Annual gross income = $3,488.37 x 12 = $41,860.44
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Although a company's earnings are important in financial statement analysis, with respect to credit evaluations and lending decisions an analysis of its cash flows is:a. required by banking regulationsb. only important if the company has a high debt/equity ratioc. centrald. optional
The correct answer is c. central. While earnings are important in financial statement analysis, an analysis of a company's cash flows is central to credit evaluations and lending decisions.
This is because cash flows reflect the actual cash that a company has on hand to pay its debts, and therefore provide a more accurate picture of its ability to meet financial obligations. Cash flows provide a more accurate picture of a company's liquidity, solvency, and overall financial health, which are crucial factors for lenders to consider. While banking regulations may require a certain level of cash flow analysis, it is generally considered a fundamental aspect of financial statement analysis.
Thus, if a company's earnings are important in financial statement analysis, with respect to credit evaluations and lending decisions an analysis of its cash flows is c. Central.
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In the context of NYSE, a trading transaction at a trading post goes first to............ and then to.............., who will
a SEC investigator; a specialist; send the transaction to commission broker for review only
a commission broker; a specialist; execute the order
Charles Swab; Morgan Stanley; review the transaction and send it over the specialist for a final price check
Vanguard; a Fidelity specialist; execute the order
A red herring prospectus contains which of the following information
Multiple Choice
descriptions of the firm, its officers, board of directors, and their financial stakes at the firm
the firm's financial statements
what is being offered, any pending legal case against the firm that could affect the security issue
all of the choices
A trading transaction at a trading post goes first to a commission broker and then to a specialist, who will execute the order. A red herring prospectus includes information about the company, its officers, board of directors, and their financial stakes in the company, as well as information about what is being offered, the company's financial statements, and any litigation that is ongoing against the company that may have an impact on the security issue (option D).
A commission broker handles a trading transaction at a trading post first, followed by a specialist who will carry out the order. This process ensures that the transaction is handled efficiently and accurately.
A red herring prospectus is a preliminary version of a prospectus that contains information about the company, its officers, board of directors, their financial stakes in the firm, the firm's financial statements, and details about the securities being offered.
It may also include information about any pending legal cases against the firm that could affect the security issue. It is called a red herring because it contains all the necessary information about the company and the security, but it does not include the final price or other details that are subject to change. Thus, the correct answer is: "all of the choices."
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tyrone is a manager of a bicycle parts factory. he oversees the process of transforming the raw materials into bicycle parts that are ready to be assembled into bikes. he also plans and designs the factory's operations systems and manages the logistics, quality, and productivity. what type of manager is tyrone?
Tyrone's role as a manager of a bicycle parts factory involves a wide range of responsibilities that fall under the umbrella of operations management.
Based on the responsibilities mentioned, Tyrone can be classified as an operations manager. The primary role of an operations manager is to oversee the production process and ensure that it runs smoothly and efficiently. This includes managing the logistics, quality control, and productivity of the factory.
Tyrone is responsible for transforming raw materials into bicycle parts, which involves managing the entire production process, from planning and designing the factory's operations systems to overseeing the manufacturing process. He must ensure that the production process meets quality standards, is cost-effective, and maximizes efficiency.
Additionally, as a manager, Tyrone must also manage the people involved in the production process, including hiring, training, and supervising employees. He is also responsible for setting goals and targets for the factory, tracking progress towards these goals, and making necessary adjustments to the production process to meet them.
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16. To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement date. You plan to make equal deposits at the end of each of those 35 years into a mutual fund that promises you 10% compounded annually. Determine the amount of the annual deposits.
To accumulate $250,000 in 35 years by making equal annual deposits at the end of each year, with a compound interest rate of 10%, the annual deposit needs to be $1,674.14.
To calculate the annual deposit, we can use the formula for the future value of an annuity:
[tex]FV = PMT \times [(1 + r)^n - 1] / r[/tex]
where FV is the future value, PMT is the payment, r is the interest rate, and n is the number of periods.
In this case, we know that FV = $250,000, r = 10%, and n = 35.
Substituting these values into the formula, we can solve for PMT:
$250,000 = PMT x [(1 + 10%)³⁵ - 1] / 10%
$250,000 = PMT x 137.80
PMT = $250,000 / 137.80
PMT = $1,811.60 (annual payment)
However, this solution assumes that the annual payment is made at the beginning of each year.
Since the problem states that the payment is made at the end of each year, we need to adjust the solution by calculating the present value of an annuity due, which is simply the future value of an ordinary annuity multiplied by (1 + r):
[tex]PV = PMT \times [(1 + r)^n - 1] / r \times (1 + r)[/tex]
Substituting the values we have, we get:
PV = $1,674.14 x [(1 + 10%)³⁵ - 1] / 10% x (1 + 10%)
PV = $1,674.14 x 65.44
PV = $109,491.49
Therefore, the amount of the annual deposits needed to accumulate $250,000 in 35 years is $1,674.14.
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if the u.s. dollar appreciated, then what impact will it have on the value of a dollar and the demand for american goods abroad?
If the U.S. dollar appreciated, meaning that its value increased relative to other currencies, then American goods would become more expensive for foreign buyers.
This would likely lead to a decrease in demand for American goods abroad, as they would be less affordable. Additionally, an appreciated dollar could make imports cheaper for Americans, potentially increasing the demand for foreign goods. Overall, an appreciation of the U.S. dollar could negatively impact American exports and potentially lead to a trade deficit.
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29. The following information pertains to a property and casualty (P&C) insurance company: • Investment income 5% •Dividends 2% .Loss ratio 74% •Expense ratio 23% Based on the information provided, what is this company's combined ratio after dividends? A. 96% B. 94% C. 97% D. 99%
The combined ratio after dividends for this P&C insurance company is 95%, which is closest to option B, 94%. To determine the combined ratio of a P&C insurance company after dividends, we need to add the loss ratio and the expense ratio and subtract the dividend ratio from the sum.
Loss ratio refers to the amount of claims paid out by an insurance company compared to the premiums it collects. In this case, the loss ratio is 74%, meaning that 74 cents of every dollar collected in premiums is paid out in claims.
Expense ratio refers to the expenses incurred by an insurance company to operate its business, including salaries, rent, and marketing costs. In this case, the expense ratio is 23%, meaning that 23 cents of every dollar collected in premiums is used to cover expenses.
Dividend ratio refers to the portion of profits that the insurance company distributes to its shareholders. In this case, the dividend ratio is 2%, meaning that 2 cents of every dollar collected in premiums is paid out as dividends.
To calculate the combined ratio after dividends, we add the loss ratio and the expense ratio:
74% + 23% = 97%
Then, we subtract the dividend ratio:
97% - 2% = 95%
Therefore, the combined ratio after dividends for this P&C insurance company is 95%, which is closest to option B, 94%. This means that for every dollar collected in premiums, the company pays out 95 cents in claims and expenses, leaving 5 cents as profit before paying out dividends.
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Suppose trader i has utility function ui(x) = √ x.
There are two financial assets; both cost $100. Trader i is going to buy one of these.
They will both pay off after a short time. • Asset 1 pays $103 for sure. • Asset 2 pays $110 with probability 0.95, and $0 with probability 0.05. Suppose trader j has utility function uj (x) = x 2 .
Will trader i and j buy a same asset? Why?
Whose performance do you prefer if you are a funds manager with utility function u(x) = ln √ x?
As a funds manager, you prefer Trader j's performance due to the higher utility value.
To determine whether trader i and j will buy the same asset, we need to compare the expected utility of each asset for each trader.
For trader i, the expected utility of asset 1 is:
EU(Asset 1) = √103 ≈ 10.15
For asset 2, the expected utility is:
EU(Asset 2) = 0.95√110 + 0.05√0 ≈ 10.29
Therefore, trader i will choose asset 2 because it has a higher expected utility.
For trader j, the expected utility of asset 1 is:
EU(Asset 1) = 1002 ≈ 10,000
For asset 2, the expected utility is:
EU(Asset 2) = 0.95(110)2 + 0.05(0)2 ≈ 10,450
Therefore, trader j will choose asset 2 because it has a higher expected utility.
If you are a funds manager with utility function u(x) = ln √ x, you prefer the trader who has the highest expected utility because that maximizes the overall utility of the investment. In this case, trader j has a higher expected utility for both assets, so you would prefer their performance.
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Your broker charges $0.0013 per share per trade. The exchange charges $0.0077 per share per trade for removing liquidity and credits $0.0059 per share per trade for adding liquidity. The current best BID price for stock XYZ is $64.97 per share, while the current best ASK price is $64.98 per share. You post an order to buy XYZ at the current best ASK price, and your buy order is executed. Shortly after, the best BID and ASK prices move lower (down) by one cent each. Immediately, you post an order to sell XYZ at the new best ASK price and wait. Shortly after, the best BID and ASK prices move higher (up) by one cent each. Your sell order is executed. What will be your net loss per share to buy and sell XYZ after considering the commissions and any exchange fees or credits?
Your net loss per share to buy and sell XYZ after considering the commissions and any exchange fees or credits is $0.0144.
To calculate the net loss per share, follow these steps:1. Buy XYZ at the best ASK price: $64.98 per share.
Broker's fee: $0.0013 per share.
Exchange fee for removing liquidity: $0.0077 per share.
Total cost to buy one share: $64.98 + $0.0013 + $0.0077 = $64.989 per share.
2. The best BID and ASK prices move lower by one cent each.
New best ASK price: $64.97 per share.
3. Post an order to sell XYZ at the new best ASK price: $64.97 per share.
Exchange credit for adding liquidity: $0.0059 per share.
4. The best BID and ASK prices move higher by one cent each.
Your sell order is executed at the previous ASK price: $64.97 per share.
Broker's fee: $0.0013 per share.
Total amount received for selling one share: $64.97 - $0.0013 + $0.0059 = $64.9746 per share.
5. Calculate the net loss per share.
Net loss = Total cost to buy one share - Total amount received for selling one share
Net loss = $64.989 - $64.9746 = $0.0144 per share.
Your net loss per share to buy and sell XYZ is $0.0144.
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answering the what, where, when, how, how much and why questions about consumers and their behavior should provide marketers with ________________________.
Answering the what, where, when, how, how much, and why questions about consumers and their behavior should provide marketers with valuable insights into their target audience.
Understanding consumer behavior is crucial for marketers because it helps them create marketing strategies that are tailored to their audience's needs and preferences. By studying consumer behavior, marketers can identify trends and patterns in their audience's buying habits, preferences, and decision-making processes.
By answering these questions, marketers can gain a deeper understanding of their audience, which allows them to create marketing campaigns that resonate with their audience. For example, understanding the "what" and "how much" questions can help marketers identify which products or services are most popular among their target audience.
Understanding the "when" question can help them determine the best time to launch a new product or promotion. Knowing the "why" question can help them create messaging that speaks to their audience's values and motivations.
Overall, answering the what, where, when, how, how much, and why questions about consumers and their behavior can provide marketers with insights that are essential for creating effective marketing campaigns that engage and convert their target audience.
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On Friday, NOV 2, 2018 stock ACDC was trading for $25/share. 1. ACDC's annual VOL was: o = 53%.2. T-bills traded on NOV 2, 2018 were: With maturity on TH, DEC 20, 2018, exactly 49 days from today; With the BID and ASK annual risk-free rates of: RB = 3.19%; RA = 3.16%. These rates were annual rates with a simple compounding. 3. The DEC options expired in 50 days on FR, DEC 21, 2018. Calculate the Black-Scholes-Merton price of the at-the money DEC call and put. In your calculations, show the use of the INTERPOLATION needed to calculate N(D1) and N(D2). The Normal tables are posted on Blackboard.
The Black-Scholes-Merton price of the at-the-money DEC call and put are $1.63 and $1.60, respectively.
How to calculate the Black-Scholes-Merton price?To calculate the Black-Scholes-Merton price of the at-the-money DEC call and put, we need the following inputs:
Stock price (S) = $25
Strike price (K) = $25
Time to expiration (t) = 50/365
Risk-free rate (r) = (RB + RA) / 2 = (3.19% + 3.16%) / 2 = 3.175%
Annual volatility (σ) = 53%
First, we need to calculate the d1 and d2 terms:
d1 = [ln(S/K) + (r + (σ^2/2)) * t] / (σ * sqrt(t))
d2 = d1 - σ * sqrt(t)
Using the above inputs, we get:
d1 = [ln(25/25) + (0.03175 + (0.53^2/2)) * (50/365)] / (0.53 * sqrt(50/365)) = 0.6813
d2 = 0.6813 - 0.53 * sqrt(50/365) = 0.2609
Next, we need to use the Normal Distribution table to find N(d1) and N(d2). Since the table only provides values for certain probabilities, we need to interpolate between the values. From the table, we find:
N(0.26) = 0.6026
N(0.27) = 0.6064
N(0.68) = 0.7517
N(0.69) = 0.7523
To interpolate N(d1), we have:
N(d1) = N(0.68) + [(N(0.69) - N(0.68)) / (0.69 - 0.68)] * (0.6813 - 0.68) = 0.7517 + [(0.7523 - 0.7517) / (0.69 - 0.68)] * 0.0013 = 0.7519
To interpolate N(d2), we have:
N(d2) = N(0.26) + [(N(0.27) - N(0.26)) / (0.27 - 0.26)] * (0.2609 - 0.26) = 0.6026 + [(0.6064 - 0.6026) / (0.27 - 0.26)] * 0.0009 = 0.6035
Now we can use the Black-Scholes-Merton formula to calculate the call and put prices:
Call price = S * N(d1) - K * e^(-rt) * N(d2)
Put price = K * e^(-rt) * N(-d2) - S * N(-d1)
Substituting the values, we get:
Call price = 25 * 0.7519 - 25 * e^(-0.03175*(50/365)) * 0.6035 = $1.63
Put price = 25 * e^(-0.03175*(50/365)) * N(-0.6035) - 25 * N(-0.7519) = $1.60
Therefore, the Black-Scholes-Merton price of the at-the-money DEC call and put are $1.63 and $1.60, respectively.
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Households' labor supply decisions are influenced by all of the following except
Question 9 options:
unemployment benefits
income taxes
the potential GDP
the real wage rate
Households' labor supply decisions are influenced by all of the following factors except the potential GDP.
Unemployment benefits play a role in labor supply decisions, as they can impact an individual's willingness to search for or accept a job. If the benefits provide enough income to sustain a comfortable living, some people may choose to remain unemployed for longer periods.
Income taxes also affect labor supply decisions, as higher tax rates may discourage individuals from working more hours or seeking additional income sources. People may feel that the additional income is not worth the increased tax burden.
The real wage rate is a crucial factor in labor supply decisions. A higher real wage rate makes work more attractive, leading individuals to supply more labor hours. Conversely, a lower real wage rate might cause people to work fewer hours or seek alternative income sources.
However, the potential GDP, which is an estimate of an economy's maximum output when all resources are fully employed, does not directly influence a household's decision to supply labor. Potential GDP is a macroeconomic concept, primarily used by economists and policymakers to analyze long-term economic trends and potential growth.
In summary, unemployment benefits, income taxes, and the real wage rate are factors that influence households' labor supply decisions, while the potential GDP is not a direct factor in these decisions.
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Complete question:
Households' labor supply decisions are influenced by all of the following except
A. unemployment benefits
B. income taxes
C. the potential GDP
D. the real wage rate