The 1987 meeting in which the G-7 countries agreed on a managed float system intended to stabilize exchange rates is referred to as the "Louvre Accord".
What is the Louvre Accord?The Louvre Accord took place at the Louvre Museum in Paris, France, on February 22, 1987. The G-7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) agreed to coordinate their monetary policies and intervene in foreign exchange markets to stabilize exchange rates.
The Louvre Accord was seen as a response to the extreme volatility in foreign exchange markets in the mid-1980s, particularly the appreciation of the US dollar and the depreciation of the Japanese yen.
Complete Question Below:
The 1987 meeting in which the g-7 countries agreed on a managed float system intended to stabilize exchange rates is referred to as the _____?
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True or false: A competitive advantage is most often maintained for very long periods of time.
on may 1, anderson company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anderson uses the perpetual inventory system and the gross method. the journal entry that anderson will make on may 1 is:
The journal entry that Anderson will make on May 1 is:
Inventory (Merchandise) 5,800Accounts Payable 5,800Since Anderson purchased merchandise from Shilling on credit, the Accounts Payable account is credited for the full amount of the purchase, which is $5,800. The Inventory account is debited for the same amount to record the increase in the inventory asset. The credit terms of 2/10, n/30 mean that if Anderson pays the invoice within 10 days, it can take a discount of 2% of the purchase price. If it does not take the discount, it has to pay the full amount within 30 days.
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if the controller uses regression analysis to estimate costs, the cost equation for electricity costs is:
Regression analysis is a statistical method used to establish the relationship between two or more variables. In cost accounting, regression analysis can be used to estimate costs based on the relationship between a cost driver and the cost itself.
For example, if the controller uses regression analysis to estimate electricity costs, the cost equation may look like:
Electricity Costs = a + b × Number of Units Produced
In this equation, "a" represents the fixed cost component of electricity costs, while "b" represents the variable cost per unit of electricity. The "Number of Units Produced" variable serves as the cost driver in the equation, as it is expected to have a significant impact on electricity costs.
To develop this equation, the controller would gather data on electricity costs and the number of units produced over a given period of time. This data would then be input into a regression analysis software, which would analyze the relationship between the two variables and generate an equation that represents that relationship.
Once the equation is established, the controller can use it to estimate electricity costs based on the number of units produced. For example, if the equation yields an "a" value of $10,000 and a "b" value of $0.50, and the company produces 10,000 units in a given period, the estimated electricity cost would be:
Electricity Costs = $10,000 + ($0.50 × 10,000) = $15,000
By using regression analysis to estimate costs, the controller can better understand the relationship between cost drivers and costs, and can use this information to make more informed decisions about production and pricing.
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the fact that you do not have enough income to buy all the goods and services you want is the idea of: multiple choice question. supply opportunity cost scarcity demand
The fact that you do not have enough income to buy all the goods and services you want is the idea of Scarcity
What is Scarcity?
Scarcity is the economic problem of having unlimited wants and needs in a world of limited resources. The fact that individuals do not have enough income to buy all the goods and services they want is a result of scarcity. In other words, resources are finite, but human wants and needs are infinite. Therefore, people must make choices about how to allocate their resources, which involves making trade-offs between different goods and services.
Option a, supply, refers to the amount of a good or service that producers are willing and able to offer for sale at a given price. Option b, opportunity cost, refers to the value of the next best alternative that must be forgone in order to pursue a certain action. Option d, demand, refers to the amount of a good or service that consumers are willing and able to purchase at a given price.
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which of the following remedies is not available for patent infringement? group of answer choices attorney fees in some but not all cases an accounting for profits treble damages when appropriate injunctive relief
The remedy for patent infringement that is not available is attorney fees in some but not all cases.
Attorney fees are normally a part of the damages awarded to a successful patent plaintiff; however, under 35 U.S.C. 285, attorney fees are not available in every case of patent infringement. According to this statute, attorney fees are only available when a defendant acts in bad faith or engages in "willful infringement."
The other remedies for patent infringement are an accounting for profits, treble damages when appropriate, and injunctive relief. An accounting for profits requires the defendant to pay the patent holder all profits the defendant gained from infringing the patent.
Treble damages, when appropriate, require the defendant to pay three times the actual damages suffered by the patent holder. Injunctive relief requires the defendant to cease infringing the patent.
In conclusion, attorney fees are not available in every case of patent infringement. The other remedies available are an accounting for profits, treble damages when appropriate, and injunctive relief.
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a 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. what is the cross price elasticity of demand? are tablet devices and digital apps complements or substitutes?
The cross-price elasticity of demand between digital apps and tablet devices is -0.6. This indicates that the two products are substitutes.
This means that an increase in the price of one will cause a decrease in the demand for the other.
Cross-price elasticity of demand is a measure of the responsiveness of the quantity demanded of one product to a change in the price of another product. It is calculated as the percentage change in the quantity demanded of one product divided by the percentage change in the price of another product.
For example, if the price of product A increases by 10%, and as a result, the quantity demanded of product B decreases by 5%, the cross-price elasticity of demand between product A and B would be -0.5. This indicates that product B is relatively insensitive to changes in the price of product A.
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Which of the following would be most likely to result in stagflation?a. increased productivity, which throws workers out of jobsb. warc. greater structural unemploymentd. government deregulation, which forces firms to compete with each othere. none of the above
The option that would most likely result in stagflation is: A. Increased productivity, which throws workers out of jobs.
Stagflation is a phenomenon that occurs when an economy suffers both stagnant growth and high inflation. Stagflation is a difficult economic problem that arises when the economy isn't producing enough products or services (stagnation) while at the same time, the prices of goods and services rise (inflation).This issue of stagflation arises when the economy suffers a shock that raises the costs of production, such as an increase in the price of oil, which raises the cost of transportation and the cost of goods that require oil for production.
It is also referred to as an economic phenomenon that results from a combination of slow economic growth and inflation, which results in a decrease in productivity.The most probable option for stagflation would be increased productivity that throws workers out of jobs. Increased productivity would lead to job loss as fewer individuals would be needed to perform the same job since it can be completed more efficiently with new technology and methods. As a result, there would be a rise in unemployment, which could further exacerbate the already declining economy. Therefore the correct answers is A.
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top management is also known as first-line management because it deals with key managerial decisions on a priority basis. group of answer choices true false
The given statement is false, as top management is not known as first-line management because it deals with key managerial decisions on a priority basis. What is management? Management refers to the process of planning, organizing, staffing, leading, and controlling the resources of the organization efficiently and effectively to achieve its goals and objectives.
Management is a dynamic process consisting of various functions and levels of management. There are three levels of management: Top-level management, middle-level management, and lower-level management.Top-level management is also known as executive-level management. It consists of the board of directors, CEO, COO, CFO, and other high-level executives. Top management is responsible for setting the organization's mission, goals, and objectives, strategic planning, and making key decisions.
Middle-level management is also known as tactical level management. It consists of departmental managers, branch managers, and regional managers. Middle-level management is responsible for implementing the strategies developed by the top-level management, planning, controlling, and coordinating the activities of the lower-level managers.
Lower-level management is also known as operational level management. It consists of supervisors, team leaders, and front-line managers. Lower-level management is responsible for carrying out the daily operational tasks and supervising the workers to achieve the organization's goals and objectives.
Thus, top-level management is not known as first-line management because it deals with key managerial decisions on a priority basis. Instead, top-level management is responsible for setting the organization's mission, goals, and objectives, strategic planning, and making key decisions.
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If the export value of American educational institutions is more than twice that of America’s top agricultural export, and supports 455,000 jobs, we can conclude that
Multiple Choice
A. exports of higher education represent an important component of the U.S. economy.
B. exports of higher education are paid for in foreign currencies effectively bypassing EXIM bank requirements.
C. American universities have been recruiting foreign students to the detriment of U.S. students.
D. exports of higher education will continue to grow without export assistance.
E. U.S. taxpayer dollars are being spent in foreign countries rather than domestically.
The export value of American educational institutions is more than twice that of America's top agricultural export and supports 455,000 jobs. As a result, we can conclude that exports of higher education represent an important component of the U.S. economy. The correct option is (A).
Exports of higher education represent an important component of the U.S. economy because the export value of American educational institutions is more than twice that of America's top agricultural export, which supports 455,000 jobs. In 2015, 974,926 international students attended American colleges and universities, contributing $35.8 billion to the economy in the form of tuition, room and board, and other expenses. For each job supported by foreign students, three jobs are created or supported, according to NAFSA.
The correct option is (A).
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if oil executives read in the newspaper that massive new oil supplies have been discovered under the pacific ocean but will likely only be useful in 10 years, what is likely to happen to the supply of oil today?
If oil executives read in the newspaper that massive new oil supplies have been discovered under the pacific ocean but will likely only be useful in 10 years, it is likely that the supply of oil today would remain the same.
What would happen to the supply of oil today if oil executives read in the newspaper that massive new oil supplies have been discovered under the pacific ocean but will likely only be useful in 10 years? If the executives read that new oil supplies have been found and that they will be useful in the future, it would not have any significant impact on the supply of oil today because the oil supply chain does not react to possible developments.
Oil supplies on the market are influenced by a variety of variables, including availability, geopolitical events, OPEC supply agreements, seasonal demand trends, and so on.
Although the market may respond to the possible availability of new oil supplies, this would be expressed in future pricing rather than immediate supply changes. It is possible that speculation in the oil markets will cause prices to change as a result of the news, but this would be due to predictions of future demand and supply adjustments.
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mis can also provide businesses with a competitive advantage by allowing them to analyze their data and make data-driven decisions. this can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly. true or false
This can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly" is true.
What is MIS?
MIS stands for Management Information System. It is the system that provides the business's management with the information they require to make informed decisions. This can include financial, operational, and other types of data.
MIS will provide the management with the details required to make a choice when it comes to organizing, planning, and controlling the business.MIS allows businesses to make better decisions by providing them with timely and accurate data. This can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly.
They can also use MIS to analyze data and make data-driven decisions. MIS can also help to improve business performance by enabling businesses to monitor their performance and make improvements where necessary.
MIS has many advantages for businesses. These include the ability to analyze data, make data-driven decisions, and monitor business performance. MIS can also help businesses to identify market trends, opportunities, and threats and adjust their strategies accordingly. Therefore, we can say that the given statement is true.
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an investor sells a european call at a premium of $2 with a strike price of $54 for stock a with expiration in 1-month. what will be the profit for the investor in one month at stock price of $52.
The investor will have a loss of $2 when the stock price of A is $52 after one month since the stock price is below the strike price of $54.
The investor initially received a premium of $2 for selling the call option, so their net loss from the transaction will be $2 (Premium Received - Losses).
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[FILL IN THE BLANK] Mowery Enterprises reported accounts receivable of $50,000 in 2016. They expect to recover the cash from these receivables in 2017 and 2018. Because accounts receivable have a zero tax basis, this will result in a ________ for 2016.
In 2017 and 2018, they want to recover the money from these receivables. Accounts receivable's zero tax basis means that this will provide taxable incomes for 2016.
Explanation:Accounts receivable is the amount a company expects to receive from its clients or customers. Accounts receivable is an asset in the business accounting ledger. These accounts have a zero tax basis, meaning that they cannot be deducted as a tax expense.
The amount of accounts receivable in 2016 was $50,000, and it is expected that cash will be received from these accounts in 2017 and 2018.The receipt of cash from accounts receivable is taxable income to the company. As a result, the firm will report a gain for 2016.
Any gross income that is used to determine how much tax you owe is referred to as taxable income. It is simply your actual gross income excluding any deductions, to put it simply. Included in this are any pay, tips, salaries, & bonuses received from employers. Furthermore included are investments and unearned income.
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when an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n) and is (taxable/nontaxable) to the person receiving the property.
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a gift, and it is nontaxable to the person receiving the property depending on the value of the gift.
In the United States, the Internal Revenue Service (IRS) imposes a gift tax on the donor (the person making the gift) if the total value of the gifts made during their lifetime exceeds the annual exclusion amount (which is $15,000 per recipient for the year 2022). However, the recipient (the person receiving the gift) generally does not have to pay taxes on the gift.
There are some exceptions to this rule. For example, if the gift is income-producing property, the recipient may be required to pay income taxes on any income generated by the property. Additionally, if the recipient later sells the property for a profit, they may be required to pay capital gains taxes on the sale.
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briefly describe the key advantages and disadvantages of the three approaches to management education. under what conditions would you recommend that an organization send its managers to an executive mba program?
The three approaches to management education are traditional degree programs, executive MBA programs, and non-degree executive education programs. Each approach has its own advantages and disadvantages.
Advantages of traditional degree programs:
- Thorough instruction on a wide range of management topics
- Coursework typically includes the ability to focus on a specific subject or area of study
- Learning is structured, with a clear path of progression
Disadvantages of traditional degree programs:
- Long time commitment
- Can be costly
- Not designed for experienced managers
Advantages of executive MBA programs:
- Focuses on practical applications of management skills
- Structured curriculum tailored to experienced managers
- Variety of learning opportunities, such as team building and problem-solving
Disadvantages of executive MBA programs:
- Costly
- Typically require a lot of travel
- Not suitable for someone with limited experience
Advantages of non-degree executive education programs:
- Flexible learning schedule
- Lower cost
- Hands-on instruction from experts
Disadvantages of non-degree executive education programs:
- Less comprehensive instruction
- Limited choice of subjects
I would recommend that an organization send its managers to an executive MBA program when the managers have experience in management and the organization has the budget for it. Executive MBA programs provide an opportunity to apply theory to practice and gain practical skills from experienced professionals.
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system of rewarding managers by linking bonuses to income computed under absorption costing may result in: multiple choice question. insufficient inventory excess inventory buildup sales negatively affected no effect on inventory
Absorption costing's drawback is that it might distort the perception of a company's profitability. It is also not useful for analysis intended to increase operational and financial efficiency.
With the aid of the absorption costing mechanism, how do managers control revenue?The ability for managers to manipulate income through overproduction is also provided by absorption costs. In comparison to not producing the extra goods, increasing output at year's end results in a higher net income.
If output exceeds sales, how will changes in inventory affect full absorption and variable costing?When production outpaces sales, the revenue computed using full absorption costing will be higher than the income calculated using variable costing. Production being in excess of sales points to a rise in inventories.
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as the price of gummy bears rises from $2.60 to $3 , what are the price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears?
The price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears when the price of gummy bears rises from $2.60 to $3 are 1.54 and 0.93, respectively.
What's Price Elasticity of DemandPrice elasticity of demand is a measure of the responsiveness of demand for a commodity or a service to a change in the price of the commodity or the service.
The price elasticity of demand of sugar-free gummy bears and of ordinary gummy bears when the price of gummy bears rises from $2.60 to $3 is given below:
Sugar-free gummy bears
Price elasticity of demand is given by the following formula:
PED = (% change in quantity demanded) / (% change in price)
PED = ((5-4) / 4) / ((3-2.60) / 2.60) = 1.54
The price elasticity of demand of sugar-free gummy bears is 1.54.
This means that demand for sugar-free gummy bears is elastic because the value of price elasticity of demand is greater than 1.Ordinary gummy bearsPrice elasticity of demand is given by the following formula:
PED = (% change in quantity demanded) / (% change in price).
PED = ((10-8) / 8) / ((3-2.60) / 2.60) = 0.93
The price elasticity of demand of ordinary gummy bears is 0.93. This means that demand for ordinary gummy bears is inelastic because the value of price elasticity of demand is less than 1.
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premier corporation has an roe of 13 percent and a payout ratio of 15 percent. what is its sustainable growth rate? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Premier corporation has an roe of 13 percent and a payout ratio of 15 percent. Its sustainable growth rate is 11.05%
The highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as the sustainable growth rate (SGR).
The sustainable growth rate (g) of a company can be calculated using the following formula:
g = (ROE x Retention Ratio)
where ROE is the return on equity and the retention ratio is (1 - payout ratio)
Plugging in the given values, we get:
g = (0.13 x (1 - 0.15))
g = 0.1105
Therefore, the sustainable growth rate of Premier Corporation is 11.05% (rounded to two decimal places).
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If the marginal propensity to consume (MPC) decreases from 0.8 to 0.6, how will the marginal propensity to save (MPS) and the spending multiplier change?
The marginal propensity to consume (MPC) is the amount by which an individual increases their spending due to a one unit increase in disposable income.
When the MPC decreases from 0.8 to 0.6, this means that the individual is spending less of their extra income and more of it is being saved. The marginal propensity to save (MPS) is the opposite of the MPC and is the amount by which an individual increases their savings due to a one unit increase in disposable income. As the MPC decreases, the MPS increases.
The spending multiplier is the increase in the final level of national income resulting from a change in the initial level of investment. When the MPC decreases, the spending multiplier decreases as well because there is less spending on goods and services, leading to a lower increase in national income.
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the calculation of the contingent deferred sales load upon the redemption of a mutual fund is based on
The calculation of the contingent deferred sales load upon the redemption of a mutual fund is based on the length of time the investor holds the fund.
The length of time that a person holds a mutual fund is known as the holding period. As a result, the longer a person holds a fund, the lower the amount of the contingent deferred sales load (CDSL).
What is a Contingent Deferred Sales Load (CDSL)?A CDSL is a fee that mutual fund investors must pay when they sell shares of the mutual fund. This is a commission that is paid to the salesperson who marketed the mutual fund to the investor. CDSLs are usually calculated as a percentage of the total value of the mutual fund that an investor is selling.
For instance, if an investor sells $10,000 worth of mutual fund shares and the CDSL is 2%, the investor must pay a $200 CDSL. The CDSL is typically higher for funds that have a shorter holding period, but it decreases as the length of time an investor holds the fund increases.
Mutual fund managers use this to promote long-term investments rather than short-term trades. Because it encourages investors to hold onto their investments for extended periods, the CDSL can be viewed as a helpful component of mutual fund investing.
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Contingent Deferred Sales Charge (CDSC), also known as a back-end charge, is a cost imposed by a mutual fund when an investor redeems shares or units.
What is a contingent deferred sales load?
A Contingent Deferred Sales Charge (CDSC), also known as a back-end charge, is a cost imposed by a mutual fund when an investor redeems shares or units.
A back-end load is the opposite of a front-end load, which is a charge imposed by a mutual fund when an investor first buys shares or units.
When an investor purchases shares in a mutual fund with a back-end load, the investor does not pay a sales charge up front, but instead pays the charge when the investor redeems shares in the future.
How is the calculation of the contingent deferred sales load upon the redemption of a mutual fund done?
The calculation of the contingent deferred sales load upon the redemption of a mutual fund is based on the number of shares redeemed and the length of time the shares were held.
The fee, which is calculated as a percentage of the value of the shares redeemed, decreases over time as the shares are held, with the fee typically disappearing after a specified holding period such as six or seven years.
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decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience. true or false
The statement "Decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience." is true because decision making is the process of making choices between two or more available options and it is an important part of managing employees in any organization.
Decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience, such as knowledge acquired through work assignments and the ability to assess situations and identify the best possible solution. By making decisions, employees gain insight into their abilities and learn how to better manage tasks and improve their performance. Decision making also helps employees develop their problem-solving skills, which are necessary to effectively manage projects. As employees learn more about decision making, they can become more adept at making decisions in any situation and gain confidence in their own abilities.
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what internal controls might a company put in place to help speed up the collection of accounts receivable?
Internal controls that a company can put in place to speed up the collection of accounts receivable include regular reviews of accounts, prompt invoicing, and the use of electronic payments.
In order to maintain smooth business operations, companies must establish good internal control systems.
An internal control system is a set of procedures that a company implements to safeguard its assets, ensure the accuracy of financial data, and guarantee compliance with laws and regulations.
Here are a few internal controls that a company can put in place to speed up the collection of accounts receivable
Prompt Invoicing: One way to speed up the collection of accounts receivable is to bill promptly. It is important for companies to invoice customers as soon as possible to avoid delays in receiving payment.
Reviews of Accounts Regularly: Regular reviews of accounts receivable can assist in detecting and preventing issues that might affect the company's cash flow.
Electronic Payments: Electronic payments are becoming increasingly common. The usage of electronic payments instead of checks or other types of payments can aid in the speedy collection of accounts receivable.
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it is difficult for a central planner to determine optimal allocations of resources because: of the simplicity of a modern economy. the incentives exist to manipulate the resources to improve the allocations of resources. of a potential lack of incentives among citizens who are asked to provide the central planner with accurate information. of too many incentives governing the central planner.
It is difficult for a central planner to determine optimal allocations of resources because of too many incentives governing the central planner.
What is central planning?Central planning is the management of the economy by the state through a single economic plan that includes all economic activities. The benefits of central planning are:
* Inadequacy of the invisible hand
* Market failures* Equity and Social Justice
* National defense and the protection of the environment
However, the practice of central planning in real-life settings is difficult because of the following factors:
It is difficult to ascertain the appropriate allocation of resources because it is tough to determine the preferences of everyone in society. The cost of obtaining this knowledge is often higher than the benefit that can be derived from such information.
it is difficult for a central planner to determine optimal allocations of resources because of too many incentives governing the central planner. Incentives are motivations that influence the decisions of an individual. As a result, it is difficult for a central planner to allocate resources appropriately since many interests influence his or her decision.
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is getting ready to purchase shares in a mutual fund. he will have to pay a one-time sales charge to purchase these shares. what type of shares is he buying?
The student is buying load mutual fund shares. When an investor purchases mutual fund shares, they must pay a one-time sales fee known as a load.
The load is typically a portion of the total investment amount and is deducted at the time of purchase.
Mutual funds are a form of investment that pools money from numerous investors to buy securities like stocks, bonds, or other assets. A professional money manager manages the portfolio's investments, allocating the money based on the fund's objectives.
Mutual funds are an excellent way for novice investors to gain exposure to the market while minimizing risk. Mutual funds can be classified into two types: load funds and no-load funds.
Investors who purchase load funds must pay a one-time sales charge or load. A no-load mutual fund, on the other hand, does not charge a sales charge. There are no-load funds that charge a redemption fee if the investor sells the shares too soon.
One-time sales charges are also known as front-end sales fees or sales loads. These fees are charged to new mutual fund investors when they first purchase the fund's shares. The one-time charge varies depending on the mutual fund and is usually a percentage of the total investment.
The percentage typically ranges from 2% to 8% of the total investment amount. The sales charge goes to the financial advisor or salesperson who sold the mutual fund to the investor.
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apple has just paid a quarterly dividend of $3.02. dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.2% thereafter. apple has a required quarterly return of 5%.what is the terminal value in the fourth quarter (
The terminal value in the fourth quarter is $101.58 if Apple has a required quarterly return of 5% in the last quarter.
Quarterly dividend = $3.02
Growth rate = 10% in the next 4 quarters
After 4 quarters, growth rate = 1.2%
Quarterly return of required = 5%.
To calculate the terminal value in the fourth quarter, we need to calculate the present value for future dividends. The formula for the present value is:
PV = D / (r - g)
PV1 = D1 / (r - g)
PV1 = $3.02 / (0.05 - 0.1)
PV1 = -$60.40
PV2 = D2 / (r - g)
PV2 = ($3.02 * 1.1) / (0.05 - 0.1)
PV2 = $34.13
PV3 = D3 / (r - g)
PV3 = ($3.02 * 1.1^2) / (0.05 - 0.1)
PV3 = $49.33
PV4 = D4 / (r - g)
PV4 = ($3.02 * 1.1^3) / (0.05 - 0.1)
PV4 = $71.46
We need to calculate the terminal value. The formula is:
PV(Terminal Value) = D5 / (r - g)
PV(Terminal Value) = ($3.02 * 1.1^4) / (0.05 - 0.012)
PV(Terminal Value) = $101.58
Now by adding all the present values, we get the terminal value:
Total PV = PV1 + PV2 + PV3 + PV4 + PV(TV)
Total PV = -$60.40 + $34.13 + $49.33 + $71.46 + $101.58
Total PV = $196.10
Therefore, we can conclude that the terminal value in the fourth quarter is $101.58.
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after the petty cash fund is established, the petty cash account is not debited or credited again unless the amount of the fund is changed. true flase
False; after the petty cash fund is created, it is not necessary to debit or credit the account again unless the fund's size changes.
What occurs after a petty cash fund is created?The corporation has internal control over the money in the fund by designating one person as the fund's manager. to start a small cash fund. The petty cash custodian typically deposits the cash in a small, lockable box once the check is cashed. The fund is now prepared for distribution as required.
Is small change a debit or credit?The petty cash account is a current asset in financial accounting. As a result, the money is recorded as a typical debit balance.
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bensol co. and sable co. exchanged similar trucks with fair values in excess of carrying amounts. in addition, bensol paid sable to compensate for the difference in truck values. as a consequence of the exchange, which lacked commercial substance, sable recognizes:
In accordance with ASC 845-10-25, Sable Co. recognizes a loss on disposal on the exchange that lacks commercial substance when Bensol Co. and Sable Co. exchanged similar trucks with fair values in excess of carrying amounts.
Additionally, Bensol paid Sable to compensate for the difference in truck values. What is an exchange lacking commercial substance? An exchange that lacks commercial substance is one in which the exchange has no commercial purpose other than to trade assets.
When an exchange lacks commercial substance, it implies that the future cash flows of the assets obtained or relinquished by a firm differ significantly from their cash flows before the exchange. In essence, commercial substance refers to the future cash flows associated with the transactions, rather than to the form of the transactions.
What is a loss on disposal? A loss on disposal occurs when an asset is sold, abandoned, or destroyed for an amount that is less than its carrying amount (or book value). A loss on disposal is reported on the income statement as an expense, and it reduces net income.
A loss on disposal can arise from the sale or disposition of land, buildings, equipment, or other assets.
Explanation: Sable recognizes a loss on disposal on the exchange that lacks commercial substance.
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The company Sable would recognize a gain in the transaction due to the difference in the fair value of the trucks and the cash received from Bensol.
In accounting, a transaction that lacks commercial substance is a transaction where no net cash inflow or outflow is expected in the future. In simpler words, it's a transaction that doesn't change the future cash flows of a company.A company may conduct such transactions to move liabilities and/or assets from their balance sheet to get a more favorable position. However, the Financial Accounting Standards Board (FASB) guidelines require that any transaction that lacks commercial substance should not be recorded on the balance sheet.
The transaction between Bensol and Sable doesn't change the future cash flows of Sable. Instead, it's just an exchange of trucks between the two companies. However, the trucks exchanged have a difference in their fair values, and Bensol pays Sable cash to compensate for the difference in truck values.Sable, therefore, recognizes a gain in the transaction due to the difference in the fair value of the trucks and the cash received from Bensol. The gain is usually calculated as the difference between the fair value of the asset received and the carrying value of the asset given up.
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frankie's savings account has earned a lot of interest. he wants to know if he must pay taxes on the interest earned. what would the irs tell him?
According to the Internal Revenue Service (IRS), Frankie must pay taxes on the interest earned in his savings account.
The Internal Revenue Service (IRS) is a government organization in the United States that is responsible for collecting taxes and enforcing tax laws. Taxpayers are expected to pay their taxes to the IRS every year to support the government's programs and services.The IRS requires taxpayers to report all of their earnings, including interest earned from bank accounts, on their tax returns. If Frankie earned a significant amount of interest on his savings account, he must report it on his tax return and pay taxes on it.
Interest earned on a savings account is considered taxable income, and it is subject to both federal and state income taxes. The amount of taxes owed on the interest earned depends on Frankie's income level and his tax bracket.For instance, if Frankie is in a higher tax bracket, he will owe more taxes on his savings account interest than someone in a lower tax bracket. Additionally, the interest earned may be subject to additional taxes, such as the Medicare tax or the Net Investment Income Tax (NIIT).Therefore, Frankie must report the interest earned on his savings account on his tax return and pay any taxes owed on it.
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if money is neutral, what does this imply about the use of monetary policy? monetary policy is more effective in the short term than the long term. mechanisms should be introduced to ensure that the federal reserve is making sound decisions. monetary policy can influence the price level but cannot be used to encourage economic growth.
If money is neutral, it implies that monetary policy cannot be used to encourage economic growth. This means that monetary policy can influence the price level but not the real GDP.
The monetary policy is more effective in the short-term than the long-term. So, it should be used as a short-term tool to adjust the economy. Monetary policy is a tool used by the government to stabilize the economy. If money is neutral, it means that changes in the supply of money have no impact on the economy's real GDP. Hence, the government cannot use monetary policy to stimulate economic growth by increasing the money supply. Instead, monetary policy can only influence the price level by increasing or decreasing the demand for goods and services.
In the short run, changes in the money supply can impact the economy's price level. However, in the long run, changes in the money supply cannot influence the economy's real GDP. Hence, monetary policy should be used as a short-term tool to adjust the economy. Mechanisms should be introduced to ensure that the federal reserve is making sound decisions. The federal reserve is responsible for implementing monetary policy. As such, it is important to ensure that the federal reserve is making sound decisions when implementing monetary policy. To achieve this, mechanisms such as transparency, accountability, and public oversight should be introduced to ensure that the federal reserve is making sound decisions.
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If a single firm can produce and supply an entire market at a lower unit costthan many small firms can, the long-run average total cost must be(A) increasing as firm size increases(B) remaining constant as firm size increases(C) decreasing as the firm's output increases.(D) constant and equal to marginal cost.
The answer to the student question is (C) decreasing as the firm's output increases. This situation describes a scenario where economies of scale are present, meaning that as a firm increases its production, its long-run average total cost (LRATC) decreases.
When a single firm can produce and supply an entire market at a lower unit cost than many small firms, it implies that the firm is experiencing economies of scale.
Economies of scale occur when a firm can lower its average cost of production as it increases its output. This is usually due to the firm being able to spread its fixed costs over a larger number of units produced, resulting in a lower cost per unit.
In this case, the long-run average total cost (LRATC) must be decreasing as the firm's output increases, since the firm is able to produce at a lower unit cost as it expands production. This is option (C) in the question.
Option (A) is incorrect because if LRATC were increasing as firm size increases, this would indicate diseconomies of scale rather than economies of scale.
Option (B) is incorrect because if LRATC were remaining constant as firm size increases, this would suggest constant returns to scale, not economies of scale.
Option (D) is incorrect because it is not necessary for LRATC to be constant and equal to marginal cost in order for the firm to produce at a lower unit cost than many small firms.
In conclusion, the correct answer is (C) decreasing as the firm's output increases, as this indicates that the firm experiences economies of scale, allowing it to produce at a lower unit cost than many small firms.
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