According to the Old Tyme's accounting records:
A. The cost of goods sold for November is $37,124.
B. The value of the work-in-process inventory on November 30 is $1,386.
A. The cost of goods sold for November can be calculated as follows:
Total manufacturing cost = Direct material cost + Conversion cost
Total manufacturing cost = $18,072 + $20,400
Total manufacturing cost = $38,472
Cost per barrel = Total manufacturing cost / Total number of barrels produced
Cost per barrel = $38,472 / 10,000 barrels
Cost per barrel = $3.85
Cost of goods sold = Cost per barrel x Number of barrels sold
Since all production is sold as it is produced, the number of barrels sold equals the number of barrels produced minus the ending work-in-process inventory.
Number of barrels sold = 10,000 - 1,200 x 30% (since the ending work-in-process inventory is 30% complete)
Number of barrels sold = 10,000 - 360
Number of barrels sold = 9,640
Cost of goods sold = $3.85 x 9,640 barrels
Cost of goods sold = $37,124
Therefore, the cost of goods sold for November is $37,124.
B. The value of the work-in-process inventory on November 30 can be calculated as follows:
Value of work-in-process inventory = Cost per barrel x Number of barrels in work-in-process inventory x Percentage complete
Value of work-in-process inventory = $3.85 x 1,200 barrels x 30%
Value of work-in-process inventory = $1,386
Therefore, the value of the work-in-process inventory on November 30 is $1,386.
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Record the following transactions on the books of Wildhorse Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)(a) On July 1, Wildhorse Co.sold merchandise on account to Stacey Inc. for $25,000, terms 3/10, n/30.(b) On July 8, Stacey Inc. returned merchandise worth $2,500 to Wildhorse Co..(c) On July 11, Stacey Inc. paid for the merchandise.
For this question, the journal entries will be passed and different amounts will be credited and debited as given below.
a. Account receivable Dr $25,000
To Sales revenue $25.000
(Being goods purchased on credit)
b. Sales returns & allowance Dr $2,500
To Account receivable $2,500
(It is recorded that things are returned)
c. Cash Dr $21,825
Sales discount Dr ($22,500 × 3%) $675
To Account receivable ($25,000 - $2,500) $22,500
(being cash is documented)
A journal entry is the act of keeping or producing records of any transaction, economic or non-economic. Transactions are recorded in an accounting journal, which displays a company's debit and credit balances. The journal entry can be made up of numerous recordings, each of which is either a debit or a credit.
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Retaining customers is the purpose of _____, a marketing strategy that focuses on nurturing and maintaining strong relationships with current customers.
prospecting
goodwill hunting
consumer cultivation
customer-relationship management
Retaining customers is the purpose of customer-relationship management (CRM), a marketing strategy that focuses on nurturing and maintaining strong relationships with current customers.
The purpose of customer-relationship management (CRM) is to retain customers by nurturing and maintaining strong relationships with them. CRM is a marketing strategy that involves collecting and analyzing customer data to better understand their needs and preferences, and then using that information to provide personalized and targeted communication and services to customers. By providing exceptional customer service and meeting their individual needs, businesses can build strong customer loyalty and reduce the likelihood of customer churn. CRM can involve a variety of tactics, including email marketing, social media engagement, loyalty programs, and targeted promotions. By investing in CRM, businesses can not only retain their existing customers but also increase the lifetime value of those customers by encouraging repeat purchases and referrals. Ultimately, CRM is a critical component of any successful marketing strategy, as it helps businesses build strong relationships with their customers and drive long-term growth and profitability.
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on april 1, nyc corporation secures a loan from a finance company, using its accounts receivable of $100,000 as collateral for the loan. nyc corporation agrees to remit customer collections as payments on the loan. loan proceeds are 80% of the receivables less a 2% finance charge on the balance of the assigned receivables. in addition, the finance company charges 10% interest on the unpaid loan balance, payable at the end of each month. record the april 1 entry for nyc corporation.
The April 1, 2020 entry for NYC corporation is: Cash (0.85 × $80,000 × (1 - 0.02)) = $67,960, Loan Payable (0.85 × $80,000) = $68,000
NYC Corporation secures a loan using accounts receivable as collateral. The loan proceeds are 85% of the receivables less a 2% finance charge.
Therefore, the amount of the loan is ($80,000 × 0.85) - ($80,000 × 0.85 × 0.02) = $68,000. NYC Corporation receives $67,960 in cash after deducting the finance charge.
The loan is recorded as a liability under Loan Payable. Since the interest on the loan is 10% per year, payable at the end of each month, no interest needs to be recorded on April 1, 2020.
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Complete question:
On April 1, 2020, NYC Corporation secures a loan with a finance company, using its accounts receivable of $80,000 as collateral for the loan. NYC Corporation agrees to remit customer collections as payments on the loan. Loan proceeds are 85% of the receivables less a 2% finance charge on the balance of the assigned receivables. In addition, the finance company charges 10% interest on the unpaid loan balance, payable at the end of each month.
Record the April 1, 2020, entry for NYC Corporation
4. In this class, a score of 80 had a z-score of 1.0 while a score of 84 had a z-score of 2.0. What is the mean and standard deviation for this class?
The mean and standard deviation for the class is 76 and 4 respectively.
To find the mean and standard deviation for the class, we can use the formula for z-score:
z = (x - mean) / standard deviation
Step 1: We know that a score of 80 had a z-score of 1.0, so we can plug in these values and solve for the mean:
1.0 = (80 - mean) / standard deviation
Step 2: Multiplying both sides by standard deviation gives:
standard deviation = 80 - mean
Step 3: Similarly, we can use the information that a score of 84 had a z-score of 2.0:
2.0 = (84 - mean) / standard deviation
Step 4: Multiplying both sides by standard deviation and using the expression we found for standard deviation above:
2.0 = (84 - mean) / (80 - mean)
Step 5: Cross-multiplying and simplifying:
160 - 2mean = 84 - mean
Step 6: Rearranging and solving for the mean:
mean = 76
Step 7: Now that we know the mean, we can use either of the two equations we derived earlier to solve for the standard deviation:
standard deviation = 80 - mean = 80 - 76 = 4
Therefore, the mean for the class is 76 and the standard deviation is 4.
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the following are the assets and liabilities of a government security dealer. use the repricing model to determine the funding gap for a maturity bucket of 91 days. assets: $150 million 30 day treasury bills $275 million 91 days treasury bills $90 million 180 day municipal notes $350 million 2 year treasury notes liabilities: $575 million 14 day repurchase agreements $290 million 1 year commercial paper the following are the assets and liabilities of a government security dealer. use the repricing model to determine the funding gap for a maturity bucket of 91 days. assets: $150 million 30 day treasury bills $275 million 91 days treasury bills $90 million 180 day municipal notes $350 million 2 year treasury notes liabilities: $575 million 14 day repurchase agreements $290 million 1 year commercial paper -$300 million. -$150 million $0 -$250 million
The repricing model is used to assess the interest rate sensitivity of a firm's assets and liabilities. This model determines the funding gap, which is the difference between the assets and liabilities that need to be funded within a certain period. In this case, we need to determine the funding gap for a maturity bucket of 91 days for the given government security dealer.
To calculate the funding gap, we need to first determine the cash inflows and outflows for the 91-day period. The assets of the dealer include $275 million 91-day treasury bills, which will mature within this period and generate cash inflows. The liabilities of the dealer include $575 million 14-day repurchase agreements, which will mature and require cash outflows within the period.
Using the repricing model, we can calculate the funding gap as follows:
Cash inflows:
91-day treasury bills = $275 million
Cash outflows:
14-day repurchase agreements = $575 million
Adjustment for rollover = ($575 million/14) x 91/91 = -$39 million
1-year commercial paper = $290 million
Adjustment for rollover = ($290 million/365) x 91/91 = -$23 million
Total cash outflows = $575 million - $39 million - $23 million = $513 million
Funding gap = Cash inflows - Cash outflows = $275 million - $513 million = -$238 million
The negative funding gap indicates that the government security dealer needs to raise additional funds to meet its cash outflows within the 91-day period. This can be done by issuing new debt or liquidating some of its assets. It is important for the dealer to manage its funding gap effectively to avoid liquidity and solvency risks.
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Using the following variables, calculate an organization's cost of preferred stock.
Dpref: $4
Ppref: $30
g: 2%
15.33%
a.24%
b.15%
c.$12 d..66%
An organization's cost of preferred stock is 15.33%. The correct option is b. 15%.
1. Identify the variables:
Dpref = $4 (preferred dividend per share)
Ppref = $30 (price per preferred share)
g = 2% (growth rate)
2. Use the dividend discount model formula to calculate the cost of preferred stock (Kpref):
Kpref = (Dpref / Ppref) + g
3. Plug in the values:
Kpref = (4 / 30) + 0.02
4. Perform the calculations:
Kpref = 0.1333 + 0.02
5. Convert the result to a percentage:
Kpref = 15.33%
So, the organization's cost of preferred stock is 15.33%, which corresponds to option b.
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Quail Corporation was created six years ago through contributions from Kasha ($900,000) and Frank ($100,000). In a transaction qualifying as a reorganization, Quail exchanges all of its assets currently valued at $1,800,000 (basis of $1,200,000) for Covey Corporation stock valued at $1,700,000 plus $100,000 in Covey bonds. Quail distributes the Covey stock and bonds proportionately to Frank and Kasha in exchange for their stock in Quail. Quail's current and accumulated E & P before the reorganization amounts to $70,000.
Quail Corporation, formed six years ago with contributions from Kasha and Frank, has exchanged its assets worth $1.8 million for Covey Corporation stock worth $1.7 million and bonds worth $100,000.
This transaction qualifies as a reorganization. Quail has distributed the Covey stock and bonds proportionately to its shareholders, Kasha and Frank, in exchange for their Quail stock.
Quail had a current and accumulated E&P of $70,000 before the reorganization. This transaction will have tax implications, and Quail will need to calculate its gain or loss on the sale of its assets, as well as any potential tax liabilities that may arise from the transaction.
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________ is the ability to maintain equilibrium despite forces pulling off equilibrium.
A) Extent flexibility
B) Dynamic strength
C) Balance
D) Stamina
E) Dynamic flexibility
C) Balance is the ability to maintain equilibrium despite forces pulling off equilibrium.
Balance is the ability to maintain equilibrium or stability despite forces that may be pulling or pushing in different directions. It is a key component of many physical activities such as sports, dance, and yoga, as well as everyday movements like walking, standing, and sitting.
In the context of physical activity, balance can be improved through training and practice. This involves working on the body's ability to sense and respond to changes in position and movement, as well as strengthening the muscles and joints that are involved in maintaining balance.
In addition to physical balance, the concept of balance can also be applied to other areas of life, such as work-life balance or balancing competing priorities. In these contexts, balance refers to the ability to manage multiple demands and maintain a sense of equilibrium or stability, despite potential sources of stress or pressure.
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Job _____ does not totally eliminate the problem of boredom because employees may eventually become bored with all the jobs in the cycle
Job rotation, doesn't totally eliminate the problem of boredom because employees may eventually become bored with all the jobs in the cycle. It is the process of periodically moving employees from one job to another within an organization, is often implemented as a strategy to reduce boredom and increase job satisfaction. However, it is important to note that job rotation does not entirely eliminate the problem of boredom.
While job rotation can provide variety and challenge to employees, there are several reasons why it may not be entirely effective in eliminating boredom. Firstly, employees may become bored with all the jobs in the cycle, even if they are rotated periodically. This is because job rotation typically involves a limited number of tasks or job positions, which may eventually become repetitive or uninteresting to the employee. Secondly, some employees may prefer to specialize in a particular job or function and may not enjoy the frequent changes in job duties that come with rotation. This can lead to feelings of dissatisfaction and disengagement from work.
But, Job rotation can be time-consuming and costly for organizations to implement. It requires significant planning and coordination to ensure that employees are trained and prepared for each new job position. In summary, while job rotation can be an effective strategy for reducing boredom and increasing job satisfaction, it is not a foolproof solution. Employers should consider implementing other strategies, such as job enrichment or job redesign, to provide employees with greater autonomy, decision-making authority, and opportunities for growth and development. Additionally, employers should regularly assess employee engagement and job satisfaction levels to identify areas of improvement and adjust their strategies accordingly.
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What is the flying geese model? What are its implications?
The flying geese model is a term used to describe the process of economic development in East Asia. It suggests that as one country develops and progresses, it pulls its neighbouring countries along with it, much like a flock of migrating geese. The model is based on the idea that a country's success is closely tied to its relationships with neighbouring countries and that cooperation and collaboration between countries can lead to mutual benefits and growth.
The implications of the flying geese model are significant. First, it suggests that economic development is not a zero-sum game and that there can be shared benefits across countries. This has led to increased regional cooperation and integration, as countries seek to work together to achieve common goals.
Second, the model highlights the importance of government policies in driving economic development. Countries that have successfully followed the flying geese model have typically had strong, proactive governments that have implemented policies to promote growth and development.
Finally, the flying geese model has led to increased attention on the role of multinational corporations in economic development. As countries seek to attract investment and promote growth, they have increasingly turned to foreign companies to provide capital and expertise. This has led to both opportunities and challenges, as countries seek to balance the benefits of foreign investment with the need to protect their own interests and ensure that development is sustainable and equitable.
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when the needs of the organization and the inducements it is willing to offer match the skills of the employee and the pay he or she is willing to accept,fair labor practices is achieved. a. true b. false
False. The statement describes a situation where there is a match between the needs of the organization and the employee's skills, as well as a match between the inducements offered by the organization and the pay the employee is willing to accept.
While these factors may contribute to fair labor practices, they do not guarantee it. Fair labor practices are a broader concept that encompasses a range of factors, such as non-discrimination, safe working conditions, fair wages and benefits, and the right to organize and bargain collectively, among others. These practices are often governed by laws and regulations designed to protect workers and ensure that they are treated fairly and equitably in the workplace.
Therefore, while a match between organizational needs, employee skills, and pay may be important for creating a fair and equitable workplace, it is only one component of fair labor practices.
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employee benefits packages: should not be a consideration when looking for a job are non-wage compensations provided to employees in addition to their normal wages or salaries are the same regardless of the company you work for never include retirement plans
Employee benefits packages are non-wage compensations provided to employees in addition to their normal wages or salaries.
Employee benefits packages are non-wage compensations that can vary greatly between companies and may include retirement plans, healthcare coverage, paid time off, and more. It is important to consider these benefits when looking for a job as they can greatly impact your overall compensation and job satisfaction. These packages can vary depending on the company you work for and may include components such as retirement plans.
While evaluating job offers, considering the employee benefits packages can be an important factor, as they contribute to overall job satisfaction and work-life balance.
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Employee benefits packages play a crucial role when considering job opportunities, as they are non-wage compensations provided to employees in addition to their normal wages or salaries.
These packages can vary significantly depending on the company you work for, making it essential to evaluate them when looking for a job. Contrary to the idea that benefits packages should not be a consideration, they can greatly impact an employee's overall satisfaction and financial stability.
Benefits packages are not the same across all companies, as each employer may offer a different combination of perks such as health insurance, paid time off, and even tuition reimbursement. It is also worth noting that many companies do include retirement plans as part of their benefits package, which is essential for long-term financial planning.
In summary, employee benefits packages should be considered when evaluating job opportunities, as they provide additional value beyond just wages or salaries. These packages can vary depending on the employer, making it important to compare and contrast the available offerings to make the best decision for your personal and financial well-being.
Remember, a comprehensive benefits package can greatly enhance your overall job satisfaction and contribute to a successful career.
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in which of the following circumstances is a strategy to be the industry's overall low-cost provider not particularly well-matched to the market situation?
A strategy to be the industry's overall low-cost provider may not be well-matched to the market situation in cases where customers prioritize factors such as product quality, unique features, or superior customer service over price.
In these circumstances, focusing solely on being the low-cost provider can result in neglecting other important aspects of the business, such as product innovation, quality control, or customer support. Additionally, if the industry is characterized by high levels of competition, it may be difficult to maintain a low-cost position while also remaining profitable.
In markets where customers have diverse preferences, a low-cost strategy may not appeal to a large enough segment of the target audience to ensure success. In such cases, companies may be better off adopting a differentiation strategy, targeting a niche market, or offering a premium product to attract customers.
Furthermore, if the industry is heavily regulated or requires significant investment in infrastructure or technology, it might be challenging to maintain a low-cost position while complying with all necessary requirements.
Overall, the low-cost provider strategy is less suitable in market situations where customers value factors other than price, competition is intense, customer preferences are diverse, and compliance with regulations or significant investments are required.
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both the pcaob and asb follow blank perspective in considering what is material. multiple choice question. the auditor's a user's management's. true or false
The statement "both the PCAOB and ASB follow a user's perspective in considering what is material" is FALSE. The (PCAOB) Public Company Accounting Oversight Board and ASB (Auditing Standards Board) are both regulatory bodies that provide standards and guidance for auditors. However, they have different perspectives in considering what is material.
Materiality is an important concept in auditing as it refers to the significance of a misstatement in the financial statements that could potentially affect the decision-making of its users. The determination of materiality is based on the auditor's professional judgment and is influenced by various factors such as the size and nature of the misstatement, the specific circumstances of the entity, and the needs of the users of the financial statements.
The PCAOB follows a management's perspective in determining materiality. This means that the auditor considers the impact of misstatements on the financial statements as a whole, and whether they could influence the decisions made by management. On the other hand, the ASB follows a user's perspective in determining materiality. This means that the auditor considers the impact of misstatements on the specific users of the financial statements, such as investors or creditors.The auditor's or management's perspective is not the primary focus, as the goal is to provide useful and accurate information to the users of the financial statements.
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the disposition effect refers to: the underreaction of investors to bad news. selling your winners while holding your losers. the urge to sell all your securities when market values decline. selling any security that creates a tax liability. the hesitancy to sell a security of any firm with which you are affiliated.'
The disposition effect refers to the tendency of investors to sell their winners while holding on to their losers.
This behavior is driven by psychological factors, such as loss aversion and the desire to avoid the regret of making a wrong decision.
Loss aversion is the idea that people feel the pain of a loss more acutely than the pleasure of a gain, which can cause them to hold on to losing investments in the hope that they will eventually recover.
The desire to avoid regret also plays a role, as investors may be hesitant to admit they made a mistake by selling a losing investment, even if it would be the best decision financially.
Overconfidence can also contribute to the disposition effect, as investors may become overly attached to their winning investments and believe that they will continue to perform well in the future.
This can lead them to hold on to these investments for too long, even if the fundamentals of the investment have changed or it has become overvalued.
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What is true about the effect of relevant keywords on online search results?
Using relevant keywords in your online content improves search engine rankings, increases click-through rates, enhances user experience, and enables better targeting of your desired audience.
Relevant keywords play a crucial role in determining online search results. Their effects can be summarized in the following steps:
1. Improved search engine ranking: Using relevant keywords in your content, meta tags, and titles increases your website's visibility and ranking on search engine result pages (SERPs).
2. Higher click-through rate (CTR): Including relevant keywords in titles, descriptions, and URLs helps users identify the content they are looking for, leading to a higher CTR.
3. Better user experience: When users find content that matches their search query, they are more likely to stay on the website, reducing bounce rates and increasing the chances of converting them into customers.
4. Enhanced targeting: By targeting specific and relevant keywords, you can attract your desired audience and improve your website's overall performance.
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All of the following are considered communication categories in the customer service process except:
A. Written communication
B. Flag signal communication
C. Visual communication
D. Nonverbal communication
The correct answer to the question is option B, flag signal communication. The customer service process involves different forms of communication, including written communication, visual communication, and nonverbal communication.
Written communication involves the use of written words, such as emails, letters, and reports, to convey a message to customers. Visual communication involves the use of images, videos, and other visual aids to communicate with customers. Nonverbal communication involves the use of body language, facial expressions, and tone of voice to convey a message to customers. Flag signal communication, on the other hand, is not considered a category of communication in the customer service process. Flag signal communication is a method of communication that involves the use of flags or signals to convey a message, usually in situations where verbal communication is not possible, such as at sea or in a military setting.
In conclusion, effective communication is an essential part of the customer service process, and businesses must use different communication categories to ensure that they provide the best possible service to their customers. While written communication, visual communication, and nonverbal communication are crucial in the customer service process, flag signal communication is not considered a category of communication in this context.
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The communication category that is not considered in the customer service process is B. Flag signal communication.
The other three categories, written communication, visual communication, and nonverbal communication, are important components in effective customer service communication.
Written communication involves the use of written materials such as letters, emails, surveys and feedback forms. This can be documented at any point of time to analyse the satisfaction level of the consumers.
The use of graphics, videos, images, diagrams and flow charts can be the visual communication to the consumer.
The use of body gesture, facial expression and voice modulation can be best non verbal communication, It also helps to know the behaviour of the consumer towards any good or services.
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Upon written request from the property owner the HOA must provide the disclosure certificate within how many days
Upon receiving a written request from a property owner, the Homeowners Association (HOA) is typically required to provide a disclosure certificate within 10 days. This disclosure document contains essential information about the property and the community, such as fees, restrictions, and any violations.
Thank you for your question. According to California law, the HOA must provide the disclosure certificate within 10 days of receiving a written request from the property owner. The disclosure certificate is a document that provides information about the property, including any HOA fees, rules, and regulations, as well as any pending lawsuits or special assessments that may impact the property value. It is important for buyers to review the disclosure certificate carefully before purchasing a property in an HOA to ensure they understand all the obligations and restrictions that come with living in the community. Failure to disclose this information can result in legal action against the HOA. Therefore, it is crucial for the HOA to comply with the 10-day deadline to provide the disclosure certificate to the property owner. Overall, the disclosure certificate is a crucial part of the real estate transaction process and helps to protect both the property owner and the HOA from any potential legal issues in the future. It is important for potential buyers and property owners to review the disclosure to understand their rights and responsibilities within the HOA.
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relationship between money supply price growth In general, it can be said that there is an _____ and inflation. a. indeterminateb. negative c. positive d. (not enough information given)
The relationship between money supply price growth In general, it can be said that there is an positive and inflation. This is because there is more money chasing the same amount of goods, leading to inflation.
The money supply and price growth are positively correlated, meaning that as money supply rises, so do prices across the board. More money available for customers to spend on goods and services as the money supply rises. More money chasing the same amount of commodities. Inflation: A rise in prices brought on by an expansion of the money supply is referred to as inflation. Overall cost of goods and services: An economy's overall cost of goods and services is impacted by inflation, which can have an effect on people, businesses, and the economy as a whole. Inflation mitigation: Central banks frequently utilise monetary policy instruments to manage inflation, such as modifying interest rates or the money supply.Learn more about inflation:
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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value) Maturity (years) 2 3 Price (por $100 face value) $06.45 $92.10 $87.55 $82.80 a. Compute the yield to maturity for each bond. b. Plot the zero-coupon yield curve (for the first five years). c. Is the yield curve upward sloping, downward sloping, or flat?
a. To calculate the yield to maturity for each bond, we can use the following formula:
YTM = ((Face Value / Price) ^ (1/n)) - 1
Where Face Value is $100, Price is the given price for each bond, and n is the number of years to maturity.
Using this formula, we can find the YTM for each bond
- Bond with 2-year maturity: YTM = ((100/106.45)^(1/2)) - 1 = 0.0185 or 1.85%
- Bond with 3-year maturity: YTM = ((100/92.10)^(1/3)) - 1 = 0.0388 or 3.88%
- Bond with 4-year maturity: YTM = ((100/87.55)^(1/4)) - 1 = 0.0435 or 4.35%
- Bond with 5-year maturity: YTM = ((100/82.80)^(1/5)) - 1 = 0.0472 or 4.72%
b. To plot the zero-coupon yield curve, we can use the YTM values we just calculated and plot them against their corresponding maturities.
| Maturity | YTM |
|---------|---------|
| 2 | 1.85% |
| 3 | 3.88% |
| 4 | 4.35% |
| 5 | 4.72% |
We can then graph these points and connect them to form the yield curve.
c. Based on the yield curve we just plotted, we can see that it is upward sloping. This means that bonds with longer maturities have higher yields compared to those with shorter maturities. This is a common shape for yield curves in a normal interest rate environment.
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True/False : Independently owned firms that take title to the goods they handle are known as wholesalers.
It is true that independently owned firms that take title to the goods they handle are known as the wholesalers.
They typically purchase goods in large quantities from manufacturers or other suppliers, and then sell them in smaller quantities to retailers or other businesses. Wholesalers may also provide additional services such as warehousing, delivery, and financing to their customers. Unlike brokers or agents, wholesalers own the products they sell and bear the risk of any unsold inventory. They play an important role in the distribution chain, helping to connect producers and manufacturers with retailers and other end customers. Overall, wholesalers serve as a vital link in the supply chain, providing a range of goods and services that help businesses to operate efficiently and effectively.
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Banks are not required to hold cash reserves against MMDA's, so they are generally able to _________ than on NOW accounts
pay higher rates
charge lower fees
support higher balances
offer more benefits
Banks are generally able to offer more benefits on MMDAs than on NOW accounts because they are not required to hold cash reserves against MMDAs. This means that they have more flexibility in managing the funds deposited in MMDAs and can invest them in various financial instruments to earn higher returns.
Additionally, MMDAs often have higher interest rates and fewer transaction restrictions compared to NOW accounts, making them more attractive to customers looking to earn more on their deposits.
Therefore, banks can use these advantages to offer more benefits, such as higher interest rates, fewer fees, and more convenient account features, to attract and retain customers.
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The share of profits or sales revenue paid to the franchisor is called a(n)
The share of profits or sales revenue paid to the franchisor is called a(n) royalty fee.
In a franchising agreement, the franchisee typically pays a royalty fee to the franchisor, which is a percentage of the franchisee's sales revenue or profits. This fee provides the franchisor with ongoing revenue and helps cover the costs of providing support, training, and other services to the franchisee.
The royalty fee may be a fixed percentage of sales or profits, or it may be a sliding scale that varies based on the franchisee's performance. The franchisor may also require the franchisee to pay other fees, such as an initial franchise fee or marketing fees. Overall, the royalty fee is an important aspect of the franchising business model, as it helps ensure a consistent revenue stream for both the franchisor and franchisee.
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Ratio analysis • Calculate the 2019 and 2020 inventory turnover, day's sales outstanding, fixed assets turnover, and the total assets turnover? How does your company utilization of assets stack up against the other firm in your group companies? • Calculate the 2019 and 2020 debt-to-assets and time-interest-earned ratio. How does your company compare with your group with respect to financial leverage? What can you conclude from these ratios? • Calculate the 2019 and 2020 ratios of profitability. Explain your answers. Calculate the 2019 and 2020 market ratios. Explain your answers. .
Financial ratios for both 2019 and 2020: inventory turnover, day's sales outstanding, fixed assets turnover, total assets turnover, debt-to-assets ratio, time-interest-earned ratio, profitability ratios, and market ratios.
Here's a step-by-step guide:1. Calculate Inventory Turnover: Divide the cost of goods sold by average inventory.2. Calculate Day's Sales Outstanding: Divide accounts receivable by average daily sales.
3. Calculate Fixed Assets Turnover: Divide net sales by average net fixed assets.4. Calculate Total Assets Turnover: Divide net sales by average total assets.
5. Calculate Debt-to-Assets Ratio: Divide total debt by total assets.6. Calculate Time-Interest-Earned Ratio: Divide earnings before interest and taxes by interest expense.
7. Calculate Profitability Ratios: Include gross profit margin, operating profit margin, and net profit margin.8. Calculate Market Ratios: Include price-to-earnings ratio and dividend yield.
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santa fe retailing purchased merchandise from mesa wholesalers with credit terms of 3/10, n/60 and an invoice price of $29,200. the merchandise had cost mesa $19,914. assume that both buyer and seller use a perpetual inventory system and the gross method. 1. prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 2. prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period.
Journal Entries that the buyer records for the (a) purchase: Inventory (debit) $29,200, Accounts Payable (credit) $29,200
b. Cash payment within discount period:
Accounts Payable (debit) $28,354.80
Inventory (credit) $19,914
Cash (credit) $8,440.80
c. Cash payment after discount period:
Accounts Payable (debit) $29,200
Cash (credit) $29,200
a. Sale:
Accounts Receivable (debit) $29,200
Sales (credit) $29,200
b. Cash collection within discount period:
Cash (debit) $28,354.80
Sales Discounts (debit) $845.20
Accounts Receivable (credit) $29,200
c. Cash collection after discount period:
Cash (debit) $29,200
Accounts Receivable (credit) $29,200
In the gross method, the seller records the sale at the full invoice price, and the buyer records the purchase at the same amount. When the buyer pays within the discount period, the discount amount is recorded in the seller's books as a reduction of revenue (sales discounts).
If the buyer pays after the discount period, the full invoice price is recorded as revenue in the seller's books. When the seller receives the cash, the accounts receivable is reduced. When the buyer pays within the discount period, a cash discount is recorded as a reduction in the accounts payable.
If the buyer pays after the discount period, the full invoice price is recorded as a reduction in accounts payable. The perpetual inventory system updates the inventory account continuously as goods are purchased and sold.
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Complete question:
santa fe retailing purchased merchandise from mesa wholesalers with credit terms of 3/10, n/60 and an invoice price of $29,200. the merchandise had cost mesa $19,914. assume that both buyer and seller use a perpetual inventory system and the gross method.
1. prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period.
2. prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period.
you are considering purchasing stock in canyon echo. you feel the company will increase its dividend at 3.6 percent indefinitely. the company just paid a dividend of $3.71 and you feel that the required return on the stock is 12 percent. what is the price per share of the company's stock? group of answer choices $44.17 $45.76 $43.47 $41.18 $30.92
The price per share of Canyon Echo's stock is $43.47, based on your assumptions.
How to determine the price per share of the stockBased on the information provided, you are considering purchasing stock in Canyon Echo, which is expected to increase its dividend at a rate of 3.6 percent indefinitely.
The company recently paid a dividend of $3.71, and you believe the required return on the stock is 12 percent.
To find the price per share of the company's stock, you can use the Dividend Discount Model (DDM) formula:
P = D1 / (r - g)
where P is the stock price, D1 is the expected next dividend, r is the required return, and g is the dividend growth rate.
First, calculate D1, the expected next dividend:
D1 = current dividend * (1 + g)
D1 = $3.71 * (1 + 0.036) = $3.8416
Now, plug the values into the DDM formula:
P = $3.8416 / (0.12 - 0.036) = $43.47
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in the marketing mix, products and services are the elements that blank value. multiple choice question. capture communicate evaluate create
In the marketing mix, products and services are the elements that create value. The correct option is create value.
These are the tangible and intangible offerings that a company provides to its customers in exchange for payment. A product can be anything from a physical item like a phone or a car, to a digital product like software or an e-book. A service, on the other hand, can be a professional service like consulting or a customer service hotline.
By creating value through their products and services, companies are able to meet the needs and wants of their target audience, and ultimately build strong customer relationships. This is why it is crucial for businesses to carefully design and develop their products and services to ensure that they are meeting customer demands and delivering value that sets them apart from competitors. The correct option is create value.
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Procter & Gamble Company reported impairment losses for the impairment of goodwill and other intangible assets in 2019. Referring to Procter & Gamble 's 2020 annual report, address the following:
State the amounts of impairment losses of goodwill and other intangible assets.
(3.5 marks)
Which cash generating unit suffered an impairment loss related to goodwill and other intangible asset? (1.5 mark)
What were the underlying business reasons that required Procter & Gamble to record a goodwill impairment in 2019? (5 marks)
How did Procter & Gamble reflect the 2019 goodwill impairment in its income statement and cash flow statement? (3 marks)
Which method did Procter & Gamble use in preparing its cash flow statement? Provide a proof for your answer. (2 marks)
Almost all businesses have been badly affected by the spread of Covid-19 in 2020. Nevertheless, Procter & Gamble's 2020 annual report shows that net income in 2020 is significantly higher than net income in 2019. Give an explanation for this situation and provide evidence from annual report. (3 marks)
Write your answer in the space provided in the following table:
Answer
Page(s) in Annual report
Amounts of impairment losses
cash generating unit(s) suffered an impairment loss of goodwill
the underlying business reasons that required Procter & Gamble to record a goodwill impairment
How did Procter & Gamble reflect the 2020 goodwill impairment in its income statement and cash flow statement?
Which method did Procter & Gamble use in preparing its cash flow statement? Proof your answer.
Give an explanation for this situation and provide evidence from annual report.
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.
Amounts of impairment lossesHow did Procter & Gamble reflect the 2019 goodwill impairment in its income statement and cash flow statement?
Procter & Gamble reflected the 2019 goodwill impairment in its income statement by recognizing $8.3 billion of impairment losses in the "Impairment and Restructuring Charges" line item. In its cash flow statement, the impairment losses were added back to the net income to arrive at the cash provided by operating activities. (page 107, 116)Which method did Procter & Gamble use in preparing its cash flow statement? Proof your answer.
Give an explanation for this situation and provide evidence from annual report.
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The Product Owner is responsible for both maximising the value of the product, and the value of the work of the Development Team.
true or false
True. The role of the Product Owner in Agile methodology is to act as the bridge between the Development Team and the stakeholders or customers. The Product Owner is responsible for defining and prioritising the product backlog, ensuring that the highest value features are developed first.
This involves understanding the needs and wants of the stakeholders and ensuring that the product meets those requirements.
However, the Product Owner is also responsible for ensuring that the work of the Development Team is valuable and contributes to the overall success of the product. This involves collaborating with the Development Team to identify technical debt and potential improvements to the development process, as well as ensuring that the team has the resources and support needed to work effectively.
In essence, the Product Owner is responsible for both the content loaded into the product (i.e. the features and functionality) and the way that content is developed (i.e. the value of the work of the Development Team). By prioritising the backlog and working closely with the Development Team, the Product Owner can ensure that the product is both valuable and successful in meeting the needs of the stakeholders.
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141. The human capital of employees is dependent upon, and defined by, their current job or employer. True False
False. Human capital is not solely dependent upon an employee's current job or employer, as it can be developed through education, training, work experience, and other activities.
False. The human capital of employees is not solely dependent upon their current job or employer. Human capital refers to the knowledge, skills, experience, and abilities that individuals possess, and it can be developed through various means such as education, training, and work experience. While a person's current job or employer can contribute to their human capital development, it is not the only factor. Individuals can also acquire new skills and knowledge through personal interests, hobbies, volunteering, and other non-work related activities. Furthermore, an individual's human capital is transferable and can be applied to different jobs and industries, not just their current one.
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