If cash price $412,800; legal fees $8,770; removal of old building $26,710, the cost of the land is $457,910.
To determine the cost of the land, we need to consider all the expenditures incurred in its acquisition. In this case, the following expenditures were incurred by Wildhorse Ltd.:
Cash price: $412,800
Legal fees: $8,770
Removal of old building: $26,710
Cost of clearing and grading: $6,640
Installation of fence: $2,990
To calculate the cost of the land, we sum up all these expenditures:
Cost of Land = Cash price + Legal fees + Removal of old building + Cost of clearing and grading + Installation of fence
= $412,800 + $8,770 + $26,710 + $6,640 + $2,990
= $457,910
The cost of the land includes all the expenditures directly related to its acquisition, such as the cash price, legal fees, and costs associated with preparing the land for use. By adding up these costs, we can determine the total amount spent by Wildhorse Ltd. to acquire the land.
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Because wants exceed resources, the economic question of 'blank______ to produce' is related to identifying the goods and services we want most, sacrificing less desired products
The economic question of "what (or which) goods and services to produce" is closely related to the challenge of allocating limited resources in a world where wants and needs exceed available resources.
This question is at the core of resource allocation and decision-making in an economic system.
Due to scarcity, societies and individuals must make choices about how to utilize their limited resources effectively. The question of "what to produce" involves identifying the goods and services that are most desired or needed by society and prioritizing their production over less desired products.
It requires evaluating the preferences and demands of individuals and determining which goods and services will provide the greatest satisfaction or utility.
This decision-making process involves considering various factors such as consumer preferences, market demand, production costs, and resource availability. Economies aim to produce goods and services that can satisfy the needs and wants of individuals while maximizing overall welfare and efficiency.
In order to allocate resources efficiently, trade-offs and sacrifices must be made. Scarce resources must be directed towards producing the goods and services that are most highly valued, often requiring the sacrifice of producing less desired products.
This process involves making choices about what to prioritize, taking into account the opportunity costs of allocating resources in one direction rather than another.
Ultimately, the question of "what goods and services to produce" is a fundamental economic question that lies at the heart of resource allocation and the pursuit of maximizing societal welfare.
It requires careful consideration of preferences, trade-offs, and the efficient utilization of limited resources to meet the diverse needs and wants of individuals and society as a whole.
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Why do firms have to address the three fundamental economic questions of "how, "what" and "for whom"? 2 Marks
Why is the assumption of "ceteris paribus" important? 1 Mark
Positive and normative economic statements play a vital role in economics. Provide an example of each and explain their importance. 2 Marks
Is causation the same as correlation? Explain using example(s). 2 Marks
Firms have to address the three fundamental economic welfare questions of "how," "what," and "for whom" because the answers to these questions are critical for the success of the firm.
The term "how" in economics refers to the various methods, techniques, and procedures used to produce goods and services. Production is not just about making goods, but it also includes the steps required to complete a task, such as transportation, storage, and distribution.
"How" involves identifying which resources will be used in the production process, such as labor, capital, and natural resources, and deciding how they will be used to achieve the desired outcomes. Production processes can be automated or manual, and the technology used in the production process has a significant impact on the efficiency and quality of the product.
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At an activity level of 8,900 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $760,060 and its total fixed production engineering cost is $152,880. What would be the total production engineering cost per unit, both fixed and variable, at an activity level of 9,100 machine-hours in a month? Assume that this level of activity is within the relevant range. (Do not round intermediate calculations.)
A. $101.85
B. $101.31
C. $102.20
D. $102.38
The total production engineering cost per unit, both fixed and variable, at an activity level of 9,100 machine-hours in a month would be $102.38. The correct option is (D) $102.38
Total production engineering cost per unit at an activity level of 8,900 machine-hours in a month= $912,940/64,500 units= $14.14 per unit
To find the total production engineering cost per unit at an activity level of 9,100 machine-hours in a month, we need to separate fixed and variable cost.
Variable cost = $760,060/8,900 = $85.39
Fixed cost = $152,880
The total cost at 9,100 machine-hours = (variable cost per unit x number of units produced) + fixed cost= ($85.39 x 9,100) + $152,880= $776,549
Total production engineering cost per unit = Total cost at 9,100 machine-hours/Units produced= $776,549/7,600= $102.38 per unit
Thus, option (D) is the correct answer.
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Based on the following financial data below, calculate cash conversion cycle for Megah Inc: Sales Cost of sales Stock Account receivable Account payable RM50,000,000 RM20,000,000 RM 2,000,000 RM 1,600,000 RM 800,000 (7 marks) (b) Explain THREE (3) variables in credit policy.
The cash conversion cycle (CCC) for Megah Inc. is approximately 33.58 days, calculated by considering the average collection period, average payment period, and average inventory holding period.
How is the cash conversion cycle for Megah Inc. calculated?To calculate the cash conversion cycle (CCC) for Megah Inc., we need to consider three variables: the average collection period, the average payment period, and the average inventory holding period. The formula for CCC is as follows:
CCC = Average Collection Period + Average Inventory Holding Period - Average Payment Period
Let's calculate each variable and then compute the CCC.
1. Average Collection Period:
The average collection period represents the average number of days it takes for the company to collect payments from its customers. To calculate this, we need to divide the accounts receivable by the average daily sales.
Average Collection Period = (Accounts Receivable / Sales) * 365
Given:
Sales = RM50,000,000
Accounts Receivable = RM1,600,000
Average Collection Period = (1,600,000 / 50,000,000) * 365 ≈ 11.68 days (approximately)
2. Average Payment Period:
The average payment period indicates the average number of days it takes for the company to pay its suppliers. We calculate this by dividing the accounts payable by the average daily cost of sales.
Average Payment Period = (Accounts Payable / Cost of Sales) * 365
Given:
Cost of Sales = RM20,000,000
Accounts Payable = RM800,000
Average Payment Period = (800,000 / 20,000,000) * 365 ≈ 14.6 days (approximately)
3. Average Inventory Holding Period:
The average inventory holding period represents the average number of days the company holds its inventory before it is sold. To calculate this, we divide the stock by the average daily cost of sales.
Average Inventory Holding Period = (Stock / Cost of Sales) * 365
Given:
Stock = RM2,000,000
Cost of Sales = RM20,000,000
Average Inventory Holding Period = (2,000,000 / 20,000,000) * 365 ≈ 36.5 days (approximately)
Now, let's calculate the CCC using the formula:
CCC = Average Collection Period + Average Inventory Holding Period - Average Payment Period
CCC = 11.68 + 36.5 - 14.6 ≈ 33.58 days (approximately)
Therefore, the cash conversion cycle (CCC) for Megah Inc. is approximately 33.58 days.
(b) Explanation of Three Variables in Credit Policy:
1. Credit Period: This variable refers to the length of time given to customers to make payment for their purchases. A longer credit period may attract more customers and increase sales, but it also increases the average collection period and ties up funds in accounts receivable for a longer duration.
2. Credit Standards: Credit standards determine the criteria used to assess the creditworthiness of potential customers. Stricter credit standards reduce the risk of bad debts but may also result in losing potential customers. More lenient credit standards can increase sales but may also increase the risk of non-payment.
3. Collection Efforts: This variable focuses on the company's efforts to collect outstanding payments from customers. Effective collection efforts, such as timely follow-ups and clear communication, can reduce the average collection period and improve cash flow. Conversely, inefficient collection efforts can lead to delayed payments and increased accounts receivable, negatively impacting the cash conversion cycle.
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A machine is used to fill soda bottles in a factory. The bottles are labeled as containing 2.0 liters, but extra room at the top of the bottle allows for a maximum of 2.25 liters of soda before the bottle overflows. The standard deviation of the amount of soda put into the bottles by the machine is known to be 0.15 líter. (a) Overfilling the bottles causes a mess on the assembly line, but consumers will complain if bottles contain less than 2 liters. If the machine is set to fill the bottles with an average of 2.08 liters, what proportion of bottles will be overfilled? (b) It management requires that no more than 3% of bottles should be overfilled, the machine should be set to fill the bottles with what mean amount? (c) Complaints from consumers about underfilled bottles leads the company to set the mean amount to 2.15 liters. In this situation, what standard deviation would allow for no more than 3% of the bottles to be overfilled?
a) The proportion of bottles overfilled can be calculated as P(Z > 1.13). b) The z-score that corresponds to a cumulative area of 0.97.
(a) To find the proportion of bottles that will be overfilled, we need to calculate the z-score for the upper limit of 2.25 liters and then find the corresponding area under the normal distribution curve.
The z-score is calculated as:
z = (X - μ) / σ
where X is the upper limit (2.25 liters), μ is the mean (2.08 liters), and σ is the standard deviation (0.15 liters).
z = (2.25 - 2.08) / 0.15
z ≈ 1.13
Using a standard normal distribution table or a calculator, we can find the proportion of values above the z-score of 1.13, which represents the proportion of bottles that will be overfilled.
(b) To find the mean amount that would result in no more than 3% of bottles being overfilled, we need to find the corresponding z-score for a cumulative area of 0.97 (since 1 - 0.03 = 0.97).
Using the standard normal distribution table or a calculator, we can find the z-score that corresponds to a cumulative area of 0.97.
(c) To find the standard deviation that would allow for no more than 3% of bottles to be overfilled when the mean amount is set to 2.15 liters, we need to find the corresponding z-score for a cumulative area of 0.97.
Once we have the z-score, we can use the formula:
σ = (X - μ) / z
where X is the upper limit (2.25 liters), μ is the mean (2.15 liters), and z is the z-score.
Using the z-score and the given values, we can calculate the required standard deviation σ.
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A company is considering an investment in the Stock ZZZ currently trading at $42.0. The price of the Stock ZZZ is expected to be highly volatile in the subsequent months. Therefore, the company buys one call option and one put option on the stock. Both options expire in 3 months and have the same exercise price of $37.5. The call option premium is $6.0 and the put option premium is $1.5. Required:
1) What is the term commonly used for this option strategy?
2) For each of the following two independent scenarios, compute the value of the option position at expiration and the profit of the strategy. a) The stock price at expiration is $43.5. b) The stock price at expiration is $22.5.
3) Compute the breakeven stock prices at expiration.
Option Strategy: Straddle is the term commonly used for this option strategy, where the buyer of a straddle expects high volatility in the stock price.
Value of the Option Position at Expiration and Profit of the Strategy Scenario 1: Stock price at expiration is $43.5 Call option will be exercised.
Profit on call option = $43.5 − $37.5 − $6 = $0
Put option will not be exercised.
Profit on put option = −$1.5Total profit = $0 − $1.5 = −$1.5
Scenario 2: Stock price at expiration is $22.5Call option will not be exercised.
Profit on call option = −$6
Put option will be exercised.
Profit on put option = $37.5 − $22.5 − $1.5 = $13.5
Total profit = −$6 + $13.5 = $7.5
Breakeven Stock Prices at The breakeven stock prices at expiration are calculated by adding or subtracting the net premium received from the exercise price. The net premium received is the difference between the premium of the call and put options. Here, the net premium received is $4.5 ($6 − $1.5).The breakeven prices are:
$37.5 + $4.5 = $42.0
and
$37.5 − $4.5 = $33.0.
Thus, the breakeven prices are $33.0 and $42.0.
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In an economy, C= $180 +0.8Yd; I= $100; G = $60; T = $10+ 0.06Y. Calculate the equilibrium level of national income using income-expenditure methods. Is the economy running a budget deficit or surplus? Explain.
The equilibrium level of national income is approximately $1338.71 and the economy is running a budget surplus of $30.32.
To calculate the equilibrium level of national income using the income-expenditure method, we need to equate total income (Y) to total expenditure (C + I + G).
In this case:
C = $180 + 0.8Yd
I = $100
G = $60
T = $10 + 0.06Y
Total expenditure (E) is the sum of consumption (C), investment (I), and government spending (G):
E = C + I + G
E = ($180 + 0.8Yd) + $100 + $60
Now, let's substitute the equation for disposable income (Yd) into the consumption function:
Yd = Y - T
Yd = Y - ($10 + 0.06Y)
Yd = Y - $10 - 0.06Y
Substituting this into the consumption function:
C = $180 + 0.8(Y - $10 - 0.06Y)
C = $180 + 0.8Y - 0.8($10) - 0.8(0.06Y)
C = $180 + 0.8Y - $8 - 0.048Y
C = $172 + 0.752Y
Now, let's substitute the equations for consumption (C), investment (I), and government spending (G) into the total expenditure equation:
E = ($172 + 0.752Y) + $100 + $60
E = $172 + $100 + $60 + 0.752Y
E = $332 + 0.752Y
Setting total expenditure (E) equal to total income (Y):
Y = E
Y = $332 + 0.752Y
To solve for the equilibrium level of national income (Y), we subtract 0.752Y from both sides and rearrange the equation:
Y - 0.752Y = $332
0.248Y = $332
Y = $332 / 0.248
Y ≈ $1338.71
Hence, the equilibrium level of national income is approximately $1338.71.
To determine if the economy is running a budget deficit or surplus, we compare government spending (G) with tax revenue (T):
Budget surplus/deficit = T - G
Substituting the given values:
Budget surplus/deficit = ($10 + 0.06Y) - $60
Budget surplus/deficit = $10 + 0.06($1338.71) - $60
Budget surplus/deficit = $10 + $80.32 - $60
Budget surplus/deficit = $30.32
The budget surplus/deficit is approximately $30.32. Since the value is positive, the economy is running a budget surplus.
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Intro You took out a student loan in college and now have to pay $1,500 every year for 20 years, starting one year from now. The annual interest rate on the loan is 6%. Attempt 1/10 for 1 pts. Part 1 What is the present value of the 20 yearly payments?
The present value of the 20 yearly payments can be calculated as follows:First, you need to calculate the present value of a single payment and then use that value to find the present value of all 20 payments.
The formula used to calculate the present value of a single payment is given by: PV = FV / (1 + r)nWhere, PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.To find the present value of the 20 yearly payments, you will need to use the formula for the present value of an annuity.
The formula used to calculate the present value of an annuity is given by: PV = Pmt × [1 – 1 / (1 + r)n] / rWhere, Pmt is the payment amount, r is the interest rate, and n is the number of years.In this case, Pmt = $1,500, r = 6% = 0.06, and n = 20. Therefore, the present value of the 20 yearly payments is:PV = $1,500 × [1 – 1 / (1 + 0.06)20] / 0.06≈ $19,785.57
The present value of the 20 yearly payments is approximately $19,785.57.
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Use the following information to determine SH FLOW FROM OPERATIONS: Comparative Balance Sheet December 31 2020 2019 Cash $40,000 $57,000 Accounts Receivables 77,000 64,000 Inventory 132,000 140,000 Pr
Determination of SH FLOW FROM OPERATIONS in comparative Balance Sheet December 31 2020 2019 is Net income is $70,000 ($127,000 - $57,000), so the cash flows from operations are $35,000.
Cash flows from operations (CFO) is a measure of how much cash is produced or consumed by a company's typical business operations. It's a fundamental measure of financial health that indicates whether a company is generating enough cash to pay its bills. The following data are used to calculate CFO: Changes in non-cash working capital accounts, like inventory, accounts receivable, and accounts payable, are used to calculate cash flows from operating activities. Cash flow from operations is the difference between a company's net income and changes in its working capital account.The balance sheet contains information on a company's assets, liabilities, and equity at a specific point in time. It is divided into two parts: assets and liabilities. The asset side includes a company's cash, accounts receivable, inventory, and other items. The liability side includes accounts payable, long-term debt, and other obligations. For cash flow from operations, the comparative balance sheet information can be used to calculate the changes in the working capital accounts.The comparative balance sheet provides the starting and ending balances for these accounts. For example, let's use the comparative balance sheet data provided to calculate SH FLOW FROM OPERATIONS: Comparative Balance Sheet December 31, 2020 2019, Cash $40,000- $57,000, Accounts Receivables 77,000- 64,000 Inventory, 132,000- 140,000 To compute SH FLOW FROM OPERATIONS, we'll start with the basic formula: Net income is $70,000 ($127,000 - $57,000), so the cash flows from operations are $35,000.For more such questions on cash flows, click on:
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1. The theory of the Real Business Cycle (RBC) argues that fluctuations in output and employment are optimal responses to shocks in the economic. Discuss the RBC assumptions and highlight the critics
The Real Business Cycle (RBC) theory argues that fluctuations in output and employment are optimal responses to shocks in the economy. The theory is based on the assumption that fluctuations in output and employment are a result of changes in technology and preferences.
According to RBC theory, the economy is always in equilibrium and any fluctuations that occur are a result of shocks that cause the economy to deviate from its equilibrium state. These shocks can be caused by changes in technology, preferences, or external events such as wars or natural disasters. RBC theory also assumes that agents in the economy are perfectly rational and have complete information about the economy.
This means that agents are able to adjust their behavior in response to shocks in the economy. The theory also assumes that markets are perfectly competitive and that there are no market imperfections such as monopolies or externalities. Critics of RBC theory argue that it is too simplistic and unrealistic. The theory assumes that agents are perfectly rational and have complete information about the economy, which is not true in real life. It also assumes that markets are perfectly competitive, which is not the case in many industries. Finally, critics argue that the theory does not provide a good explanation for why recessions occur and why they can last for long periods of time.
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Internet domain names are typically ____.
1. Simple
2. Free
3. Descriptive
4. Memorable
There can be more then one answer
Internet domain names are typically descriptive and memorable.
Descriptive: Domain names often reflect the purpose or nature of the website or organization they represent, helping users understand what the website is about.Memorable: Domain names are designed to be easy to remember and type, allowing users to easily access the desired website without much effort.In addition to being descriptive and memorable, internet domain names can also vary in terms of simplicity and creativity. Some domain names opt for simplicity, using short and concise terms that are easy to type and remember. This approach aims to provide a straightforward and efficient user experience.However, it's important to note that while many domain names are descriptive and memorable, there are also cases where domain names may be simple or creative, depending on the specific branding or marketing strategy of the website owner.
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Intense Corporation begins business on March 2, 2021. The corporation incurred startup expenditures of $52,000. If Intense Corporation elects § 195, determine the total amount that Intense may deduct in 2021 (rounded)
a. $5,450
b. $5,722
c. $3,000
d. $0
e. $52,000
Intense Corporation begins business on March 2, 2021. The corporation incurred startup expenditures of $52,000. If Intense Corporation elects § 195, determine the total amount that Intense may deduct in 2021 (rounded . The correct answer is: c. $3,000
Startup expenditures are the costs incurred before a business begins its active operations. Under Section 195 of the Internal Revenue Code, businesses can elect to deduct a limited amount of startup expenditures in the year they begin business, with the remaining costs amortized over a period of 180 months (15 years) starting from the month the business begins.
In this case, the startup expenditures are $52,000. However, the total amount that Intense Corporation may deduct in 2021 is limited to $5,000, with a phase-out threshold of $50,000. Since the startup expenditures exceed the phase-out threshold, the deduction is reduced by the excess amount.
Therefore, the total amount that Intense may deduct in 2021 is $5,000 (the maximum deduction limit for startup expenditures) minus $2,000 (the excess amount over the phase-out threshold of $50,000), which equals $3,000.
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1.1 Actual quantity is the actual direct material or direct labor used to manufacture the:
a. actual quantity of output
b. actual quantity of input
c. standard quantity of output
1.1 Actual quantity is the actual direct material or direct labor used to manufacture the: b. actual quantity of input
Direct material refers to the raw materials or components that are directly used in the production of a product. These materials can be easily identified and physically traced in the final product. Direct materials are integral to the manufacturing process and become part of the finished product.
Direct materials can include items such as:
Raw materials: Basic materials that are transformed or processed into a final product. Examples include wood, metal, plastic, fabric, or chemicals.
Components: Parts or sub-assemblies that are incorporated into the final product. Examples include electronic chips, circuit boards, or motors.
Packaging materials: Materials used for the packaging of the product, such as boxes, labels, or bags.
The cost of direct materials is typically a significant portion of the total cost of producing a product, and tracking and managing direct material usage is essential for inventory control and cost management in manufacturing operations.
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In the context of Maslow's Hierarchy of Needs Theory, managers should:
a. understand what needs are satisfied for each employee as those will no longer be effective motivators
b. Identify the lowest level of unmet need within the organization and focus on it for everyone.
c. focus on fulfilling whatever need is most achievable by the organization.
d. focus on meeting the mid-level needs as it is the best compromise for the organization.
In the context of Maslow's Hierarchy of Needs Theory, managers should focus on fulfilling whatever need is most achievable by the organization. Option C.
What is Maslow's Hierarchy of Needs Theory?
Maslow's hierarchy of needs theory is a motivational theory that identifies five fundamental human needs and arranges them in order of priority, with lower-order needs being met first before higher-order needs. The five needs are physiological, safety, social, esteem, and self-actualization. It is critical to recognize that Maslow's theory suggests that needs are met in order, from the most basic to the most complex.
Maslow's Hierarchy of Needs Theory indicates that managers should focus on fulfilling whatever need is most achievable by the organization, according to the context of the question.
This need is the one that is most easily attainable and will have the most significant impact on employee satisfaction. For instance, if an organization is struggling to provide safe working conditions, then safety requirements must be met before any other needs are addressed.
According to Maslow's Hierarchy of Needs Theory, it is critical for managers to recognize that people are motivated by their needs. Understanding and fulfilling these needs are critical for motivating people to reach their full potential.
Managers should provide a work environment that is free of stress, providing resources for training, and developing employees so that they can be successful in achieving their personal and professional objectives.
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Raymond co. has 2.3 million of debt, 1 million of preferred stock, and 2.2 million of common equity. what would be its weight on common equity?
.40
.42
.14
.16
If Raymond co. has 2.3 million of debt, 1 million of preferred stock, and 2.2 million of common equity. Its weight on common equity is: A..40
What is the weight on common equity?To calculate the weight of common equity we need to find the proportion of common equity relative to the total capital structure of Raymond Co.
Total capital structure = Debt + Preferred Stock + Common Equity
Total capital structure = $2.3 million + $1 million + $2.2 million
Total capital structure = $5.5 million
Weight on common equity = Common Equity / Total capital structure
Weight on common equity = $2.2 million / $5.5 million
Weight on common equity ≈ 0.4
Therefore the weight on common equity for Raymond Co. is 0.40.
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The process to go from transactions and events to financial statements begins with: Multiple Choice a. Identifying each transaction and event from source documents. b. Preparing financial statements and other reports c. Analysis of prepared financial statements d. Presentation of financial information to decision-makers
e. Preparation of the trial balance
The correct answer is (a) Identifying each transaction and event from source documents.
The process of going from transactions and events to financial statements starts with identifying each transaction and event from source documents. Source documents include things like receipts, invoices,
bank statements, and other records that provide evidence of the transactions and events that have taken place. It is essential to gather and analyze these source documents to ensure accurate recording and reporting of financial information.
Once the transactions and events are identified, they are recorded in the accounting system through journal entries. This step involves classifying and summarizing the transactions according to their nature and the specific accounts they affect.
These journal entries are then used to prepare the trial balance, which lists the balances of all accounts to ensure they are in balance.
After preparing the trial balance, the process moves on to the next steps, such as adjusting entries, preparing financial statements, analyzing the financial statements, and presenting the financial information to decision-maketers.
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when hollywood studios agreed to cooperate on buying movie film from kodak, this is an example of
This is an example of industry collaboration or cooperation. Hollywood studios joining forces to purchase movie film from Kodak demonstrates a collective effort within the industry to support and sustain a specific aspect of filmmaking. By working together, the studios can negotiate better deals, ensure a steady supply of film, and maintain the traditional filmmaking process that relies on physical film stock.
In the film industry, collaboration among studios is common to address shared challenges or pursue common interests. In this case, the agreement to buy movie film from Kodak represents a collaborative effort to support a specific aspect of the filmmaking process. By pooling their resources and combining their purchasing power, the studios can negotiate favorable terms with Kodak, ensuring a reliable and consistent supply of film for their productions. This cooperative approach helps the studios maintain the traditional filmmaking process that relies on physical film stock and demonstrates industry-wide support for Kodak's film manufacturing business.
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Derive a reduced form equation that will show the comparative static effect of a percentage sales tax on a company that faces the demand schedule p = 680 − 3 and the total cost function T = 20 + 0.42.
The reduced-form equation is used to study comparative statics or a change in an equilibrium of a model due to a change in one or more of its parameters, with all other variables held constant.
To derive the reduced-form equation that shows the comparative static effect of a percentage sales tax on a company that faces the demand schedule p = 680 − 3 and the total cost function T = 20 + 0.42, we will use the formulae:Revenue = Price x QuantityQ = D(P)Total Cost = T(Q)Profit = Revenue – Total CostTherefore,Revenue = P(Q)QTotal Cost = 20 + 0.42QProfit = P(Q)Q – (20 + 0.42Q)Before a tax, the price, p is 680 − 3Q. After a tax t is imposed, the price increases to p + t.
The quantity demanded decreases due to the higher price. The price that buyers pay increases, but the price that sellers receive stays the same. Therefore, the amount of the tax is equal to the price increase. The tax revenue is the amount of the tax multiplied by the quantity sold.Tax revenue = t(Q)Q = (p + t)Q – pQ = tQTax incidence is the division of the tax burden between buyers and sellers.
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What are the main components of the balance of payments? How are they connected to the Net International Investment Position?
What do they look like for Australia and, in particular, how have they changed in the past ten years in this country relative to the previous years?
The main components of the balance of payments are the current account, capital account, and financial account. The NIIP has remained negative, indicating that the value of Australia's foreign liabilities exceeds the value of its foreign assets.
The main components of the balance of payments are the current account, capital account, and financial account. They are connected to the Net International Investment Position (NIIP) by the capital account and the financial account.The capital account reflects non-produced non-financial assets, such as patents and copyrights, as well as the balance of transfers.
The financial account measures the change in foreign ownership of domestic assets, including foreign direct investment (FDI), portfolio investment, and financial derivatives.The NIIP is the difference between a country's foreign assets and foreign liabilities. It is a measure of the net value of a country's foreign assets.
When a country has a positive NIIP, it means that the value of its foreign assets exceeds the value of its foreign liabilities. When a country has a negative NIIP, it means that the value of its foreign liabilities exceeds the value of its foreign assets.
In Australia, the balance of payments has been consistently negative over the past ten years. In 2019, the current account deficit was $23.1 billion. This was driven by a deficit in the trade in goods and services. The capital account and financial account have been positive in recent years, which has helped to offset the current account deficit.
However, the NIIP has remained negative, indicating that the value of Australia's foreign liabilities exceeds the value of its foreign assets. In particular, the net foreign debt of the private sector has increased significantly in recent years, which has contributed to the negative NIIP.
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Consider a one-year futures contract on gold. We assume that it costs $2 per ounce per year to store gold, with the payment being made at the end of the year. The spot price is $1600 per ounce and the risk-free rate is 5% per annum for all maturities.
The cost of holding one ounce of gold for one year is $2.
Futures contracts are standardized contracts that are traded on exchanges where the price and delivery date of the underlying asset are predetermined. In this case, we are considering a one-year futures contract on gold. It is assumed that it costs $2 per ounce per year to store gold, which is known as the cost of carry. This cost includes storage, insurance, and other expenses associated with holding gold. The payment for this cost is made at the end of the year.Therefore, if an investor decides to purchase a one-year gold futures contract, they will have to pay the spot price of $1600 per ounce plus the cost of carry of $2 per ounce. The total cost of the contract would be $1602 per ounce. The risk-free rate is 5% per annum for all maturities, which is the rate at which an investor can borrow or lend without risk.
The costs of storing unsold inventory are known as holding costs. Along with costs for ordering and shortage, these costs make up one part of the total cost of inventory. The cost of damaged or spoiled goods, as well as the cost of storage space, labor, and insurance, are all included in a company's holding costs.
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On January 2, 2020, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $10.00 per share, and represents a 30% ownership stake. Big Bad Company made $450,000 of net income in 2020, and paid dividends to All Good Company of $40,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $15.50 per share at the end of the year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole number (no cents).
Answer:
$155,000
Explanation:
Calculation to determine the book value of the investment that should be reported at year end by All Good Company
Initial investment (6,000* $10.00 per share) $60,000
Add: Net income ($450,000*30%) $135,000
Less: Dividend ($40,000)
Ending balance of investment $155,000
($60,000+$135,000-$40,000)
Therefore the book value of the investment that should be reported at year end by All Good Company is $155,000
The book value of the investment that should be reported at year-end would be $155,000 by All Good Company.
What is the calculation of the book value of the investment?The initial investment is derived as;
[tex]6,000* 10.00\\=60,000[/tex]
Now, net income would be;
[tex]450,000*0.30\\=135,000[/tex]
The Dividend is given as $40,000, which would compute the ending balance of investment as;
[tex]60,000+135,000-40,000\\=155,000[/tex]
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Wage = 6.70 +1.25 Union Member +2.57 Years Education If the standard error for years of education is 1.31, then what is the p-value? 3 .00 01 02 .03 04 05 06 .07 08 09 5199 5239 .5279 5319 .5359 5596
The answer is option d. 0.03. Wage = 6.70 +1.25 Union Member +2.57 Years Education, and the standard error for years of education is 1.31Let's recall the formula to calculate p-value.
The formula is:p-value = P(T > t) where T is the t-statistic and t is the calculated value of the t-test. If the calculated value of t is negative, then the P(T < t).We can find t by dividing the coefficient by the standard error. The coefficient of Years Education is 2.57. Therefore,t = (2.57 / 1.31) = 1.96 (approx)Now, for calculating the p-value, we have to use the t-distribution table for two-tailed test as the alternative hypothesis states that the coefficient is not equal to zero.
The degrees of freedom for the test is n-2. Now, we need the p-value for the t-statistic which is approximately 1.96 and the degrees of freedom are (n - 2).If we look at the t-distribution table for 2-tailed test at degrees of freedom 48, we can find the t-value which is approximately equal to 2. This is because the value of t = 1.96 falls between 1.984 and 2.001. Since we need the p-value for a 2-tailed test, we find the value of 2 - |1.96| = 0.04. This value corresponds to 0.03 in the t-distribution table. Therefore, the p-value is 0.03 (approximately).Thus, the answer is option d. 0.03.
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The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? $5,859U $6,800∪ $18,333∪
The materials quantity variance for the month is $5,859U. The material quantity variance refers to the difference between the quantity of materials that should have been used during a certain period and the actual amount of materials that were used.
The formula to calculate the material quantity variance is as follows:Material Quantity Variance = (Actual Quantity of Material Used - Standard Quantity of Material Allowed) x Standard Price per UnitThe direct materials purchases variance is calculated when the materials are purchased, whereas the material quantity variance is calculated at the time of production.
Therefore, the material quantity variance is computed after the materials have been used in the production process. The result of the material quantity variance can be unfavorable (U) or favorable (F). If the variance is unfavorable, it means that more material was used than expected, which could be due to inefficiencies in the production process or waste.
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Weak ringgit a boon for exporters but higher raw material prices could negate positives By Seah Eu Hen, edited by Ahmad Naqib Idris- theedgemarkets.com April 28, 2022 08:00 am +08 KUALA LUMPUR (April 28): While exporters are usually touted as the clear winners of a weak Malaysian ringgit, it is not as clear-cut this time around as companies also experience a rise in raw material prices, amid the recent chain of unprecedented events. Despite the recent rally in crude palm oil (CPO) futures and Brent crude oil prices to near-record highs which would usually be positive for a net commodity exporter like Malaysia - the ringgit cracked under pressure against the US dollar and the Singapore dollar. S The ringgit hit 4.32 against the greenback - its weakest level since May 2020 - last Friday (April 22), and depreciated to a record low of 3.1766 against the Singapore dollar on Tuesday (April 26) amid the hawkish sentiment ahead of the US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) meeting and the economic slowdown in China. At the time of writing, the ringgit traded at 4.3585 against the US dollar and 3.1621 against the Singapore dollar. Although a weak currency could be a boon for exporters and bane for importers, market observers said that the current situation - exacerbated by unprecedented events such as the Covid-19 pandemic and global supply chain disruption will not be the same as the aftermath of previous inflation cycles. Areca Capital Sdn Bhd chief executive officer (CEO) Danny Wong said that exporters with products or services quoted in US dollar such as glovemakers, electrical and electronics (E&E) players, petrochemical, commodities and furniture producers, would benefit from higher revenues and better margins as their products become more competitive with a "cheaper" ringgit. - Similarly, Hong Leong Investment Bank Research (HLIB) head of retail research Ng Jun Sheng also said that investors should look at semiconductor companies, electronics manufacturing services (EMS) providers, electrical & electronics (E&E) players, wooden furniture manufacturers and plastic packaging companies. However, he pointed out that the weak ringgit could cancel out the potential positives for exporters, as raw material prices have also increased. "[The weak ringgit] may not really benefit exporters because the raw material prices which have gotten very expensive have driven up input costs. [The exporters] might not benefit as much compared to the previous inflation cycle around 2015/2016. "The inflation is a lot more serious this time around. Even though the selling price is high, the input prices are even higher. On a net-net basis, the question would be whether selling prices would prevail over the higher input costs, Ng said. Meanwhile, those that do not stand to benefit from a weaker ringgit include companies in the automotive, consumer and construction sectors, he added. Another analyst that declined to be named said companies in the construction, property and consumer sectors could see some margin compression amid the higher input costs and supply chain disruption. "The supply chain disruption is a different topic which affects their revenue recognition. However, purely on forex alone, the impact should be net positive, but we think that the ringgit will strengthen by the end of 2022, so any tabulations [for winners and losers] is premature given the ringgit's volatility currently," the analyst said. Meanwhile, Areca Capital's Wong said investors should watch out for companies with US dollar- denominated borrowings such as equipment-heavy companies, which would need to pay more to service their debt. "However, cash-rich companies with foreign assets/cash would have better valuation gains, especially those companies with foreign subsidiaries in the US and Singapore. Companies whose investment portfolios have overseas exposure such as banks will also have better returns when i marked-to-market," Wong highlighted. Nonetheless, Wong believes that the weakening of the ringgit and the weakness in Malaysian equities and fixed income markets may attract some foreign fund flow.
The reason why Wong's statement suggests that the weakening of the ringgit and the weakness in Malaysian equities and fixed-income markets may attract foreign fund flows is due to more investment opportunities.
Why would a weakening of a currency be attractive ?When a country's currency weakens, it can make the country's assets, such as equities and fixed-income instruments, more attractive to foreign investors. The depreciation of the ringgit can lower the cost of investing in Malaysian assets, potentially presenting buying opportunities for foreign investors seeking higher returns.
Foreign investors may see the weakening of the ringgit as an opportunity to acquire assets at a more favorable valuation.
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The question is:
Regarding Wong's statement regarding the weakening of the ringgit and the weakness in Malaysian equities and fixed-income markets that attract foreign fund flows, explain why this would be the case?
Provide a substantive post that analyzes the elitits versus pluralist perspective (Mills vs. Dahl) and use the article on oligarchy by Winters and Page to argue which theory appears more applicable to the political process of the United States.
The elitist versus pluralist perspective is a longstanding debate in political science, with C. Wright Mills and Robert Dahl representing two prominent viewpoints.
Mills argues for an elitist perspective, asserting that power in the United States is concentrated in the hands of a small ruling elite, while Dahl advocates for a pluralist perspective, suggesting that power is dispersed among multiple competing interest groups. The article on oligarchy by Winters and Page sheds light on this debate. Mills argues that power in the United States is held by a small group of economic and political elites who make decisions that affect society.
On the other hand, Dahl's pluralist perspective contends that power in democratic societies is dispersed among various interest groups. He emphasizes the existence of a multitude of interest groups representing diverse societal interests. Dahl argues that these groups compete for influence and have access to decision-making processes through mechanisms such as lobbying, elections, and public discourse. Winters and Page's article on oligarchy introduces empirical evidence that supports an elitist perspective. Their research shows that economic elites exert substantial influence over policy outcomes, while the preferences of the majority of citizens have a minimal impact.
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Which portion of an Educational Assistance Payment (EAP) is not taxable to the beneficiary? a) Canada Education Savings Grant b) Canada Learning Bond c) Investment income I d) Refund of contributions
The portion of an Educational Assistance Payment (EAP) that is not taxable to the beneficiary is the Canada Education Savings Grant (CESG).
The Canada Education Savings Grant (CESG) is a government grant provided to beneficiaries of Registered Education Savings Plans (RESPs). The CESG is designed to encourage savings for a child's education. When an EAP is made from an RESP, it consists of three components: investment income, the CESG, and a refund of contributions.
While the investment income and refund of contributions are taxable to the beneficiary, the CESG is not taxable. This means that the amount received as part of the CESG is not subject to income tax and does not need to be reported as taxable income on the beneficiary's tax return.
The CESG is intended to support educational expenses and is provided as a non-taxable benefit to help alleviate the financial burden of post-secondary education. It is important to note that tax rules and regulations can change, so it is always advisable to consult with a tax professional or refer to the latest tax laws for accurate and up-to-date information.
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You have an initial wealth of $1,000, and face a 25 percent probability of losing $500 of it. You can buy insurance to avoid this risk. Your utility function is U(W) = ln(W).What is the maximum you are willing to pay to avoid this risk?
The maximum amount that the person would be willing to pay to avoid the risk is $155.67.
Given:
Initial wealth is $1000
Probability of losing $500 is 25%
Insurance can be bought
Utility function is U(W) = ln(W)
We need to determine the maximum amount that the person would be willing to pay to avoid the risk.
So, let us solve this problem step by step.
Let the amount that the person would be willing to pay for insurance be x.
Different cases of wealth are:
Wealth = 1000 - x.
Probability of losing the bet is 25%.
Wealth would then become 1000 - x - 500.
There is a 75% probability of winning the bet.
Wealth would remain at 1000 - x.
To calculate the expected wealth after buying the insurance, the following formula can be used:
(0.75) * ln(1000 - x) + (0.25) * ln(1000 - x - 500)
As the utility function is U(W) = ln(W),
the expected utility function would become:
(0.75) ln(1000 - x) + (0.25) ln(1000 - x - 500)
We need to maximize the above expression with respect to x using the first-order condition:
d/dx [(0.75) ln(1000 - x) + (0.25) ln(1000 - x - 500)]
= 0(0.75) (1/(1000 - x)) (-1) + (0.25) (1/(1000 - x - 500)) (-1) (-1)
= 0.75/(1000 - x) + 0.25/(1000 - x - 500) = 0
Dividing the above equation by 0.25 and solving for x, we get:
x = 155.67
So, the maximum amount that the person would be willing to pay to avoid the risk is $155.67.
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____________________ (or complaint) letters are written by customers to identify or to correct a problem with products or services they have purchased.
Complaint letters are written by customers to identify or correct a problem with products or services they have purchased.
Complaint letters serve as a means for customers to express their dissatisfaction or concern regarding a product or service they have obtained. These letters are written with the intention of addressing specific issues, such as defective items, poor customer service, billing errors, or any other problem encountered during the purchasing process.
By detailing the problem in a formal letter, customers hope to bring attention to their concerns and seek resolution or compensation. Complaint letters are an effective way for customers to communicate their grievances and hold companies accountable for delivering satisfactory products or services.
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Question 6
A company that files for Chapter 7 of the Bankruptcy Law is reorganized to meet its obligations to the extent possible and continue its operations, possibly under new or restructured management.
Select one:
a. TRUE
b. False
Question 7
Within the ESG investment categories, if the company's board of directors is characterized by being diverse and responding with the greatest benefit to its shareholders, it is considered within the ESG investment category:
Select one:
a. environmental
b. Social
c. governance
d. none
Question 8
One of the indexes that group companies that meet the criteria of socially responsible investment or ESG is:
Select one:
a. DJIA
b. S&P 500
c.
DJSI
d. Russell 2,000
Question 9
How many USD will it cost a US citizen to buy a Japanese product priced at ¥60,000 if the Spot Rate: USDJPY=104.00
a. $577
b. $700
c. $5,769
d. $62,400
Question 10
Some of the instruments used as strategies for risk coverage (hedging) are the following, except:
Select one:
a. option contracts
b. common and preferred shares
c. forwards and futures contracts
d. swaps
Question 6: False. A company that files for Chapter 7 of the Bankruptcy Law is liquidated, not reorganized. The company's assets are sold, and the proceeds are used to pay off its creditors. The company is no longer in operation after this occurs.
Question 7:Correct option is c. Governance. Governance is one of the ESG investment categories. A company that prioritizes governance has a board of directors that is diverse and works for the benefit of its shareholders.
Question 8:c. DJSI . The DJSI is one of the indexes that group companies that meet the criteria of socially responsible investment or ESG. The Dow Jones Sustainability Indices (DJSI) were developed jointly by S&P Dow Jones Indices and RobecoSAM.
Question 9: Correct option is a. $577. To calculate the amount it would cost a US citizen to purchase a Japanese product priced at ¥60,000, we need to use the USDJPY exchange rate. If the Spot Rate: USDJPY=104.00, that means 1 US dollar (USD) is equivalent to 104 Japanese yen (JPY). As a result, the price in USD of a Japanese product that costs ¥60,000 is as follows: $60,000/104 = $576.92 ≈ $577
Question 10: Correct option is b. common and preferred shares. Common and preferred shares are not instruments used for hedging. Option contracts, forwards and futures contracts, and swaps are some of the instruments used as strategies for risk coverage (hedging).
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