The gross profit ratio is calculated as follows: (Net Sales - Cost of Goods Sold) / Net Sales. In this case, it would be ($2800 - $1680) / $2800 = 0.4 or 40 without the %.
The gross profit ratio (put in the number without %) will be 40. As per the given question, net sales is $2,800, cost of goods sold is $1,680, operating expenses are $880, and ending inventories is $820.The formula to calculate gross profit ratio is:Gross Profit Ratio = (Gross Profit/Net Sales) × 100%Gross Profit = Net Sales - Cost of Goods SoldGross Profit = $2,800 - $1,680Gross Profit = $1,120Now, putting the values in the above formula,Gross Profit Ratio = (Gross Profit/Net Sales) × 100%Gross Profit Ratio = ($1,120/$2,800) × 100%Gross Profit Ratio = 40Therefore, the gross profit ratio (put in the number without %) is 40.
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transactions happening at odd times or places; being performed by people who would not normally participate; or including odd procedures are typically associated with which type of fraud symptom?
As per the transaction, the type of fraud symptom is Bribery
Transactions that occur at odd times or places can be a sign of fraudulent activity.
These symptoms of fraud can be associated with various types of fraudulent activity, such as embezzlement, financial statement fraud, or bribery.
Embezzlement occurs when an employee steals funds or assets from their employer, and transactions that occur at odd times or places or involve unusual procedures can be used to cover up this type of fraud.
Financial statement fraud occurs when a company misrepresents its financial performance to investors or other stakeholders, and transactions that involve people who wouldn't normally participate or lack proper documentation can be used to commit this type of fraud.
In conclusion, transactions that happen at odd times or places, involve unusual procedures, or are performed by people who wouldn't normally participate, are often symptoms of fraud.
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rather than looking for an existing opportunity, entrepreneurs search for work. question 4 options: true false
Rather than looking for an existing opportunity, entrepreneurs search for work. This statement is false.
What is an entrepreneur?An entrepreneur is a person who is self-employed and has started their own company. Entrepreneurs are usually motivated by the prospect of creating something new and solving problems that others have failed to address.
Entrepreneurs, on the other hand, are always on the lookout for new business opportunities and ways to expand their companies.
Entrepreneurial successEntrepreneurship can be difficult, and the majority of new businesses fail within the first few years of operation. However, those who succeed as entrepreneurs have a few things in common.
Successful entrepreneurs are typically passionate about their work, have a strong understanding of their market and target audience, and are willing to work tirelessly to achieve their objectives.
They are resourceful, adaptable, and capable of identifying and seizing opportunities that others have overlooked.
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Answer:
False, they look for opportunities. I struggled to find the answer too in the lesson. You can find it in Lesson 4 of the Culinary Business and Entrepreneurship unit.
Explanation:
" Rather than looking for work, entrepreneurs search for existing opportunity. Part of this effort comes from researching the environment—what’s hit big, what hasn’t—and identifying places where a void needs to be “filled” by something new. "
you are starting a business and need to hire somebody to keep track of inventory. the most important aspect for the job is that the person be at work on time every day. what personality trait does a candidate for this job need to be high in?
The personality trait that a candidate for the inventory tracking job needs to be high in is conscientiousness, as this trait is strongly correlated with reliability and punctuality.
Conscientiousness is a personality trait that reflects an individual's degree of responsibility, organization, and dependability. People who score high in conscientiousness are more likely to be punctual, follow through on their commitments, and adhere to rules and procedures.
As such, hiring someone who is high in conscientiousness would be ideal for a job that requires regular attendance and dependability, such as inventory tracking. They would be more likely to prioritize their job responsibilities and be on time every day, which is crucial for maintaining accurate and timely inventory records.
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the amount of cost of goods sold determined under the average cost method typically multiple choice question. is higher than the amount determined using lifo. falls between the amounts determined using lifo and fifo. is lower than the amount determined using fifo.
The amount of cost of goods sold determined under the average cost method typically option (b) falls between the amounts determined using LIFO and FIFO.
The average cost method assumes that the cost of goods sold is calculated by taking the average cost of all units available for sale during the period. Therefore, the cost of goods sold under the average cost method falls between the amounts determined using LIFO and FIFO.
Under LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the most recent inventory purchases. Therefore, the cost of goods sold is based on the assumption that the most recently purchased items are the first to be sold, resulting in higher costs.
On the other hand, under FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the oldest inventory purchases. Therefore, the cost of goods sold is based on the assumption that the oldest items are the first to be sold, resulting in lower costs.
Therefore, the correct option is (b) falls between the amounts determined using LIFO and FIFO.
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a(n) effect has occurred when a company's fdi of capital, technology, and management resources creates a positive contribution to a host country that might not otherwise be available. multiple choice question.
When a company's FDI of capital, technology, and management resources creates a positive contribution to a host country that might not otherwise be available, it creates a positive effect. The answer is B.
Positive.To be precise, FDI refers to a Foreign Direct Investment that occurs when a firm invests directly in new facilities or establishments to create or expand its overseas operation in a host country. FDI is a form of foreign investment that involves a company in one country investing in and managing operations in another country.The FDI of capital, technology, and management resources can create a positive effect on a host country in several ways.
These include, but are not limited to:FDI can create jobs, and it is frequently seen as a way to increase the workforce's productivity in the host country.FDI might assist in the transfer of knowledge and technology, as well as other intangible assets, from the investing company to the host country's economy.FDI can boost the host country's economy by increasing the availability of capital and other resources that may be lacking domestically.FDI can lead to increased competition in the host country's market, resulting in improved efficiency and productivity, which can be beneficial to the local economy.
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Note- This question is not a multiple choice question.
according to j. p. morgan's views, were more important than industrialists. a. bankers. b. workers. c. managers. d. politicians.
According to J.P. Morgan's views, bankers were more important than industrialists.
Here, correct option is a. bankers.
Let's learn a little more about J.P. Morgan's views: J.P. Morgan was an American financier and banker who played a key role in the development of the United States' financial system. He believed that bankers, rather than industrialists, were the most important members of society, as they controlled the flow of capital and credit that was essential to economic growth and development.
Morgan also believed that banking was a public service that required a high level of responsibility and integrity on the part of those who engaged in it.
Therefore, correct option is a. bankers.
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you can acquire an existing business for $2 million. you are uncertain about future demand. there is a 40 percent chance of high demand, in which case the present value of the business will be $3 million. there is a 25 percent chance of moderate demand, and the associated present value is $1.5 million. finally, there is a 35 percent chance of low demand, in which case the present value is $1 million. draw a decision tree for this problem. what is the expected net present value of the business? should you invest? explain.
The expected net present value of the business is $1.625 million; therefore, you should invest.
A decision tree is a visual representation of every potential outcome for a choice based on specific criteria. It makes the expected value of prospective capital budgeting decisions clearer.
A decision tree can be depicted as follows:
By dividing each potential result by its chance and adding up all the outcomes, one may determine the estimated net present value of the company. The expected net present value of the business is:
(0.4 × $3 million) + (0.25 × $1.5 million) + (0.35 × $1 million) = $1.625 million
Since the expected net present value of the business is greater than $2 million, you should invest.
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What is the present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year? A. $180,000 B. $205,138 C. $164,110 D. $287,193
The present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year is $164110. The correct answer is C. $164,110.
The present value (PV) can be calculated using the formula:
[tex]PV = FV / (1 + r)^n[/tex]
Where:
- PV is the present value
- FV is the future value ($300,000 in this case)
- r is the interest rate (0.09 for 9% per year)
- n is the number of years (7 years in this case)
Step-by-step calculation:
1. Convert the interest rate to a decimal: 9% = 0.09
2. Add 1 to the interest rate: 1 + 0.09 = 1.09
3. Raise the result to the power of the number of years: [tex]1.09^7 = 1.8281[/tex]
4. Divide the future value by the result from step 3: $300,000 / 1.8281 ≈ $164,110
So, the present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year, is approximately $164,110. The correct answer is C. $164,110.
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which of the following are ways to increase the capacity of a bottleneck?multiple select question.not spending any overtime hours on the bottleneckselling some of the machines at the bottleneckinvesting in additional machines at the bottleneckshifting workers from processes that are not bottlenecks to the process that is the bottleneck
The ways to increase the capacity of a bottleneck are investing in additional machines at the bottleneck and shifting workers from processes that are not bottlenecks to the process that is the bottleneck. The correct options are:investing in additional machines at the bottleneckshifting workers from processes that are not bottlenecks to the process that is the bottleneck
A bottleneck in production is defined as a process that, due to capacity constraints, becomes a limiting factor in the flow of products through a manufacturing plant. A bottleneck can be caused by a variety of factors, including suboptimal machine and labor capacity, inaccurate scheduling and planning, and excessive waiting times between production stages.A bottleneck can be resolved by increasing its capacity. The following are some ways to increase the capacity of a bottleneck:Investing in additional machines at the bottleneck: By investing in more machines, the bottleneck's capacity can be increased, for more products to flow through.Shifting workers from processes that are not bottlenecks to the process that is the bottleneck: By reallocating labor to the bottleneck, the process's capacity can be increased, allowing for more products to flow through.\
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which best explains one of the restrictions on producers that keeps the labor market from being a completely free market? responses unions represent workers in collective bargaining situations. unions represent workers in collective bargaining situations. immigration increases the size of the available labor pool. immigration increases the size of the available labor pool. the government has millions of bureaucratic workers. the government has millions of bureaucratic workers. workers don't always have the education required to perform certain jobs.
The restrictions on producers that keeps the labor market from being a completely free market is that unions represent workers in collective bargaining situations. The correct answer is A.
One of the restrictions on producers that keeps the labor market from being a completely free market is the presence of labor unions. Unions negotiate wages and working conditions on behalf of workers and can limit the flexibility of employers in setting wages and hiring practices.
This can create a power imbalance between workers and employers, and can affect the overall efficiency of the labor market. Therefore, the presence of labor unions is one of the factors that limits the extent to which the labor market operates as a completely free market. So, the correct option is A).
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imagine that shares of zions bancorporation (yes, that's how it is spelled) are currently selling at $50. if zions pays a dividend of 50 cents per share, what is the dividend yield?
Dividend yield is calculated using a simple formula to be 1%. it is very important concept of finance.
What exactly is dividend yield?Dividend yield is a finance proportion comparing the quantity of cash dividend payments distributed to stockholders to the share price on the open market.. It is calculated by dividing the dividend per share by the share price and multiplying the result by 100. Dividend yields ranging from 2% to 6% are generally considered to be good, but there are numerous factors to consider when determining whether a stock's yield makes it a good investment. The dividend yield is a finance ratio that shows how much of a company's share price is distributed in dividends each year.
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1. do you think walmart is doing enough to become more sustainable? 2. what are the ethical issues walmart has faced? 3. how is walmart attempting to answer concerns regarding misconduct?
Regarding the question of Walmart and sustainability, Walmart is taking steps to become more sustainable, Walmart has been accused of mistreating employees and Walmart has taken several measures to address the issue.
1. Do you think Walmart is doing enough to become more sustainable?Regarding the question of Walmart and sustainability, Walmart is taking steps to become more sustainable. In the year 2005, they declared a corporate sustainability campaign named "Sustainability 360," which aims to lower carbon emissions and waste while also increasing the efficiency of its supply chain.
Walmart has also launched several initiatives aimed at reducing its carbon footprint. For instance, they have been working with suppliers to enhance sustainability in their operations, which has resulted in significant environmental advantages.
Walmart's commitment to sustainability is demonstrated by its efforts to create zero waste and use only renewable energy, among other things.
2. What are the ethical issues Walmart has faced?Walmart has confronted various ethical issues throughout the years. Walmart has been accused of mistreating employees, discriminating against female workers, forcing suppliers to lower their prices to meet Walmart's demands, and opposing unions.
Walmart has also been accused of violating the law by using undocumented workers, violating child labor regulations, and polluting the environment.
3. How is Walmart attempting to answer concerns regarding misconduct?Regarding the issue of Walmart's misconduct, Walmart has taken several measures to address the issue. They created a Global Ethics Office in 1992 to ensure that ethical values are integrated into their daily operations. Walmart has implemented an open-door policy, which allows employees to voice their concerns and report misconduct.
Walmart has also established a compliance team to identify areas of risk and prevent violations of the law. In addition, they have launched an anti-corruption program aimed at preventing bribery and other forms of corruption. Walmart has also created an ethics hotline, where employees can anonymously report concerns.
These are some of the ways Walmart is trying to address misconduct.
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The accountant is only depositing the daily cash received every two
weeks, although deposits are recorded daily.
• Why should the owner be concerned about this practice? Briefly
explain.
• Suggest TWO actions that the owner can introduce to prevent
this in future
The owner should be concerned about the accountant's practice of depositing cash received daily only once every two weeks because it could lead to several issues.
What is an accountant?An accountant is a professional who specializes in the practice of accounting, which involves the recording, analysis, and interpretation of financial information for businesses and individuals. Accountants are responsible for maintaining accurate financial records, preparing financial statements, and ensuring compliance with tax laws and regulations. They provide financial advice and guidance to clients, help to identify areas where costs can be reduced, and work to improve the overall financial health of their clients or organizations. Accountants may work in a variety of settings, including public accounting firms, private companies, government agencies, and non-profit organizations. They typically have a strong understanding of finance and accounting principles, as well as excellent analytical and problem-solving skills.
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an ethical leader with good interpersonal communication skills should . a. place employee needs over organizational needs b. never reprimand employees c. demonstrate both respect and firmness in communication d. avoid delivering negative news e. give up authority to maintain beneficial relationships
An ethical leader with effective interpersonal communication abilities should communicate with both respect and firmness. Thus, the correct option is C.
What is interpersonal communication?Interpersonal communication is the process of exchanging messages, thoughts, or information between two or more people. Interpersonal communication can occur in a variety of settings, including face-to-face conversations, phone calls, emails, and text messages.
An ethical leader with effective interpersonal communication abilities should communicate with both respect and firmness.
They should be able to listen to their employees and understand their needs while also being able to communicate their expectations and make tough decisions when necessary.
This combination of respect and firmness is necessary for building trust and maintaining positive relationships with employees while also ensuring that the organization is operating effectively and ethically.
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which of the following account relationships is correct? i. the relationship between sales and sales returns/allowances is directly proportional. ii. the relationship between sales and cost of goods sold is directly proportional. iii. the relationship between sales and accounts receivable is inversely proportional. iv. the relationship between sales and inventory is inversely proportional. a. ii only b. ii and iv only c. i and ii only d. i, ii, and iii
The correct answer is (a) ii only. The relationship between sales and cost of goods sold is directly proportional, meaning that as sales increase, cost of goods sold also increases.
This is because more sales mean more inventory is sold, and cost of goods sold is the cost of that inventory sold.
The relationship between sales and sales returns/allowances is inversely proportional, meaning that as sales increase, sales returns/allowances decrease. This is because a higher level of sales means a smaller percentage of returns/allowances.
The relationship between sales and accounts receivable is not necessarily proportional, as it depends on the company's credit and collection policies.
The relationship between sales and inventory is also not necessarily proportional, as it depends on the company's inventory management practices.
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beachwood classics makes furniture for children. it has received a special order for 1,500 units that will require it to sell a unit (a table and two chairs) for $35. the regular average selling price is $40 per unit. the unit product cost is broken down as follows: direct labor, $5.50; direct materials, $8.75; variable overhead, $ 1.75; and fixed overhead, $3.25. beachwood will incur $2,500 in sales commissions and shipping costs for the special-order. the company had already budgeted its production at 6,500 units. if the company is operating at full capacity, what will be the incremental contribution of the special-order to its profit?
The additional profit generated by the customized order will be $49980.75
profit = price - cost
=1500*35-5.50+ $8.75+ $ 1.75+$3.25+$2,500 =49980.75
Profit in economics is the difference between an economic entity's revenue from outputs and all of its input costs. It is equivalent to total income less total expenses, which includes both direct and indirect expenses. It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts. Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs. While examining a corporation, an economist takes into account all costs, both apparent and implicit. Economic profit is therefore less than accounting profit. Economic profit is frequently considered in addition to normal profit. In the business world, a company making normal profits is one that earns revenue that is equal to the total costs incurred in its operation,
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which type of bond is a form of public finance paid off solely from specific, well-defined sources such as hotel taxes, ticket taxes, or other sources of public funding? general obligation bonds auction-rate bonds lease revenue bonds revenue bonds all of the above
Revenue bond is basically a type of bond which is a type of public finance which is paid from certain well-defined sources like ticket taxes, hotel taxes and some of the other sources of public funding.
The correct option is option D.
A revenue bond can basically be defined as a type or form of municipal bond which happens to get supported by the revenue that is generated from a specific source of public funding, for example highway, a toll bridge, hotel taxes, ticket taxes or a local stadium.
Revenue bonds that happen to finance the income producing sources or projects basically get secured by a certain source of revenue.
Hence, the correct option is option D.
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lease answer the given four questions related to the market for loanable funds. what effect will an increase in interest rates have on the quantity of loanable funds supplied?
When the interest rate increases, the quantity of loanable funds supplied decreases. As the interest rate increases, the opportunity cost of lending rises, prompting lenders to limit their supply of loanable funds.
About Interest rate increaseFor instance, if a loan's interest rate is 10 percent, a lender can earn a 10 percent return on their investment. If interest rates rise to 15 percent, a lender will have an opportunity to earn a 15 percent return on their investment.
As a result, the opportunity cost of lending has increased. Because of this, the quantity of loanable funds supplied decreases.The loanable funds market refers to the interaction of lenders and borrowers in the market.
In order to lend money, lenders must have available funds, and borrowers must require funds to borrow money. In the loanable funds market, the supply of loanable funds is represented by the savings rate, while the demand for loanable funds is represented by the investment rate.
As a result, any increase in interest rates will result in a decrease in the quantity of loanable funds supplied. The relationship between the interest rate and the quantity of loanable funds supplied is inversely related.
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industries that are made up of many competing producers, each selling a differentiated product, and whose firms earn zero economic profits in the long run are:
The Industries that are made up of many "competing-producers", each selling a differentiated product, and whose firms earn zero economic profits in the long run are called monopolistic competition.
In a monopolistic competitive-market, each firm produces a slightly different product that is not perfect substitutes for its competitors' products.
This allows firms to have some pricing power, but they still face competition from other firms offering similar products.
As a result, firms cannot charge higher prices without losing market share to their competitors, which keeps profits in check in the long run.
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The given question is incomplete, the complete question is
The industries that are made up of many competing producers, each selling a differentiated product, and whose firms earn zero economic profits in the long run are called as ?
cornerstone industries has a bond outstanding that has a 5% coupon rate, $1,000 face value, and a market price of $897.34. if the bond matures in 5 years and interest is paid on a semi annual basis, what is the yield to maturity on the bond?
The yield to maturity on the bond is 5.61%. when the repayment of the face value at maturity is $1,000 and the bond matures in 5 years.
To calculate the yield to maturity (YTM) of a bond, we need to solve for the interest rate that equates to the present value of the expected future coupon payments and the principal repayment of the bond to the current market price
Given data:
Face value = $1,000
Coupon rate = 5%
Interest each year = $50
Interest semiannually = $25
The bond matures = 5 years
With 10 semiannual coupon payments =$25 each
The repayment of the face value at maturity = $1,000
To calculate the present value of these cash flows by using:
[tex]PV = ( C × [1 - 1 / ( 1 + r) ^ {n} ] / r + F / (1 + r )^ {n} )[/tex]
where:
PV = present value
C = coupon payment
r = YTM
n = number of periods
F = face value.
From the given data we get:
[tex]PV = ( $25 × [1 - 1 / ( 1 + r )¹⁰ ] / r + $1,000 / ( 1 + r )¹⁰ )[/tex]
PV = $897.34
To solve the r we need to use trial and error or a financial calculator. which gives us a YTM of approximately 5.61%.
Therefore, the yield to maturity on the bond is 5.61%.
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earnings per share, return on sales, and return on equity are all examples of: a. profitability ratios. b. leverage ratios. c. liquidity ratios. d. equity ratios.
earnings per share, return on sales, and return on equity are all examples of profitability ratios.
The correct answer is a. profitability ratios.
A company's profitability can be determined by looking at its earnings per share (EPS), return on sales (ROS), and return on equity (ROE).
Whereas ROS calculates the percentage of each dollar of sales that are used for profit, EPS calculates the amount of profit made per share of stock. The return on equity (ROE) evaluates the profit generated per dollar of shareholder equity.
Profitability ratios assist analysts and investors in determining a company's capacity for profit-making as well as its general financial performance.
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policy makers in the pre-great depression era were:aconvinced that recessions could only be fixed with a combination of expansionary fiscal policy and contractionary monetary policy.bin favor of using only fiscal policies to fight the economic booms caused by business cycles.cuncertain about the appropriate measure against a recession in the absence of any clear theory about the cause of business cycles.dusing expansionary fiscal and monetary policies to combat the harmful effects of recession on output and employment.eagainst using monetary policies to fight the economic downturns caused by business cycles.
Policymakers in the pre-Great Depression era believed that recessions required both expansionary fiscal and contractionary monetary policies. They were uncertain about the cause of business cycles and did not rely solely on fiscal or monetary policies.
Prior to the Great Depression, policymakers thought that dealing with recessions needed a mix of expansionary fiscal policy (increased government expenditure and lower taxes) and contractionary monetary policy. (increasing interest rates and decreasing the money supply). Because there was no distinct explanation about what caused economic cycles, policymakers were unsure of what steps to take.
To handle economic booms and busts, they did not depend exclusively on fiscal or monetary measures. Instead, policymakers used a mix of both to combat the recession's negative impacts on production and jobs. The use of monetary strategies to handle economic downturns was not opposed by policymakers.
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it is the beginning of the year. stock abc sells for $40 a share. its likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows: state of the economy dividend stock price boom normal economy recession $2.00 $50 $1.00 $43 $0.50 $34 all three scenarios are equally likely, i.e., the probability of us ending up in a boom is 1/3, the probability of us ending up in a normal economy is 1/3, and the probability of us ending up in a recession is 1/3. a. calculate the expected return and standard deviation of the return.
The potential returns are the dividend plus the end-of-year stock price minus the beginning-of-year stock price, divided by the beginning-of-year stock price.
To calculate the expected return with the stock price, we need to find the weighted average of the potential returns based on their probabilities.
For the boom scenario: (2 + 50 - 40) / 40 = 0.3 or 30%
For the normal economy scenario: (1 + 43 - 40) / 40 = 0.1 or 10%
For the recession scenario: (0.5 + 34 - 40) / 40 = -0.15 or -15%
Therefore, the expected return is (0.3 x 1/3) + (0.1 x 1/3) + (-0.15 x 1/3) = 0.05 or 5%.
To calculate the standard deviation of the return, we first need to find the variance of the return. The variance is the sum of the squared deviations from the expected return, multiplied by their probabilities, divided by the number of scenarios minus one.
For the boom scenario: (0.3 - 0.05)² x 1/3 = 0.00375
For the normal economy scenario: (0.1 - 0.05)² x 1/3 = 0.000625
For the recession scenario: (-0.15 - 0.05)² x 1/3 = 0.005625
The variance is the sum of these values, which is 0.009. Therefore, the standard deviation of the return is the square root of the variance, which is 0.095 or 9.5%.
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true or false: the deadweight loss from this tax would likely be smaller in the fifth year after it is imposed than in the first year as demand for heating oil becomes more elastic.
A tax on heating oil is expected to cause a deadweight loss in year five that is greater than in year one. The elasticity of demand is rather low in the first year for oil furnaces due to the possibility that owners may put off selling them for some time.
Provided statement is FALSE
As the demand for heating oil grows more elastic, it is possible that the deadweight loss from the tax would be lower in the fifth year after it is implemented than in the first. It is impossible to tell with certainty if this claim is false, however, without knowing more about the mechanics of the tax and the heating oil market.
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if the future value of an ordinary 2 year annuity is 15800 and interest rates are 2.0% what is the future value of the same annuity due
The future value of the same annuity due is approximately 8019.09. To find the future value of the same annuity due, we first need to determine the annual payment for the ordinary annuity.
1. Calculate the annuity factor for a 2-year ordinary annuity at 2% interest rate:
Annuity factor = (1 - (1 + r)^-n) / r
Where r = interest rate, n = number of years
Annuity factor = (1 - (1 + 0.02)^-2) / 0.02 = 1.9704
2. Determine the annual payment for the ordinary annuity:
Annual payment = Future value / Annuity factor
Annual payment = 15800 / 1.9704 = 8019.39
3. Calculate the annuity factor for a 2-year annuity due at 2% interest rate:
Annuity factor due = (1 - (1 + r)^-(n-1)) / r
Annuity factor due = (1 - (1 + 0.02)^-1) / 0.02 = 0.9804
4. Determine the future value of the annuity due:
Future value of annuity due = Annual payment * Annuity factor due
Future value of annuity due = 8019.39 * 0.9804 = 7857.93
5. Adjust the future value for one additional interest period (since the annuity due earns interest for an extra period compared to the ordinary annuity):
Future value of annuity due (adjusted) = Future value of annuity due * (1 + r)
Future value of annuity due (adjusted) = 7857.93 * (1 + 0.02) = 8019.09. So, The future value is 8019.09.
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ias 1 requires a complete set of financial statements to include all of the following except group of answer choices a statement of bank reconciliation. a statement of financial position. a statement of comprehensive income. a statement of changes in equity. a statement of cash flows.
A complete set of financial statements to include all of the following except a statement of comprehensive income The answer is OPTION C
The three main company reports are combined into one document called a financial statement. It will include the company's balance sheet, income statement, and cash flow summary. The sum of the three results in a general assessment of the state of the company.
A company's financial health can be seen in a single glance thanks to the financial statements that reveal information about its activities, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial accounts are crucial. The balance sheet contains details on a company's assets, obligations, and the resulting shareholders' equity. The answer is OPTION C
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what is horizontal integration? group of answer choices the process of merging with a competitor at the same stage of the value chain the process of acquiring a competitor at a lower stage of the value chain the process of acquiring a competitor at a higher stage of the value chain the process of merging with a competitor at a different stage of the value chain
Horizontal integration is a business strategy where a company acquires or merges with a competitor that operates in the same stage of the value chain.
The aim of horizontal integration is to increase market share, reduce competition, and achieve economies of scale by combining resources, capabilities, and expertise. This strategy allows the company to expand its operations in the same industry and gain access to new markets and customers. Horizontal integration can also lead to cost savings by eliminating duplicated functions and streamlining operations. However, it can also lead to antitrust concerns if it results in a dominant market position and reduces competition.
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true or false: in the control process, only those characteristics that can be counted or measured are candidates for control.
The statement "true or false: in the control process, only those characteristics that can be counted or measured are candidates for control" is true.
A control process is a methodical approach to measuring and assessing performance and ensuring that performance remains within established parameters. A control process is a series of steps that are performed to guarantee that a product, service, or system meets the required quality standards and objectives.
The control process is accomplished by:1. Setting standards that must be met or exceeded.2. The activities or characteristics of the product, service, or system are measured to determine whether or not they meet the standards.3. Analyzing the outcomes and determining whether they are acceptable or not.4. Implementing corrective or preventive steps to enhance the process or product, service, or system's quality. In conclusion, only those characteristics that can be counted or measured are for control in the control process. This is because measuring and analyzing the outcomes of the activities or characteristics is a crucial component of the control process.
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if there is an adverse (negative) short-run aggregate supply shock due to an increase in the price of natural resources and the government pursues no policy to address the supply shock, then which of the following will occur in the long run? responses nominal wages will fall with no change in the natural rate of unemployment. nominal wages will fall with no change in the natural rate of unemployment. inflation will rise and nominal wages will fall. inflation will rise and nominal wages will fall. deflation will worsen and nominal wages will rise. deflation will worsen and nominal wages will rise. aggregate demand will increase to restore full employment. aggregate demand will increase to restore full employment. the long-run aggregate supply curve will shift right and increase unemployment.
When there is an adverse (negative) short-run aggregate supply shock due to an increase in the price of natural resources and the government pursues no policy to address the supply shock.
The correct option is C)inflation will rise and nominal wages will fall.
Inflation will rise and nominal wages will fall in the long run .A supply shock can be defined as an unexpected occurrence that alters the supply of a good or service.
An increase in the price of natural resources is one such occurrence that has the potential to cause an adverse (negative) short-run aggregate supply shock.In the short term, the AS curve shifts leftward, causing higher prices and lower output.
In the long run, however, the price level settles at a new equilibrium point. The economy may take various paths to reach this long-term equilibrium, and the government can implement various policies to speed up the process.Aggregate demand and supply determine inflation and economic output.
As a result, any impact on one of the two can have a ripple effect on the other. When there is an adverse (negative) short-run aggregate supply shock due to an increase in the price of natural resources and the government pursues no policy to address the supply shock, inflation will rise and nominal wages will fall in the long run.The correct option is C)
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which of the following is a contingency that should be recorded? multiple choice the company offers a two-year warranty and the expenses can be reasonably estimated. the company is being sued and a loss is reasonably possible and reasonably estimable. the company deducts life insurance premiums from employees' paychecks. it is probable that the company will receive $100,000 in settlement of a lawsuit.
The contingency that should be recorded is: b. the company is being sued and a loss is reasonably possible and reasonably estimable.
What is a contingency?A contingency is a potential occurrence or condition that may arise in the future but whose outcome is uncertain. The company must assess the likelihood of a contingency's occurrence and the likelihood of the event's consequences to determine if it is to be accounted for. A contingency that should be recorded is the company being sued and a loss is reasonably possible and reasonably estimable. The explanation for this is that a company must recognize a loss on the financial statements if it is reasonably possible and estimable that the firm will lose a lawsuit. This contingent loss must be recorded if the company has enough information to estimate the amount of the loss with reasonable accuracy.
Other contingencies, such as the company offering a two-year warranty and the expenses can be reasonably estimated, are not recognized because a warranty is a type of guarantee that is not considered an obligation under GAAP. It is unlikely that the costs of providing warranties will be a significant liability that needs to be accounted for under GAAP. Furthermore, the cost of providing warranties is recognized at the time of sale.
Therefore, the company is being sued and a loss is reasonably possible and reasonably estimable (option B) is the correct statement.
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