The parties to a contract must have the legal capacity to contract: The individuals or entities entering into a contract must possess the legal ability to do so, meaning they must be of legal age and sound mind.
Legal capacity refers to the legal competence of parties to enter into a contract. It means that individuals involved must be of legal age and mentally capable of understanding the terms and implications of the contract. Minors, mentally incapacitated individuals, and intoxicated persons may lack legal capacity. Without legal capacity, a contract may be considered voidable or unenforceable. Legal capacity ensures that parties have the ability to understand and fulfill their contractual obligations.
Learn more about contract here:
https://brainly.com/question/32327870
#SPJ11
Common stock value-Constant growth McCracken Roofing, Inc., common stock paid a dividend of $1.39 per share last year. The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future.
a. What required rate of return for this stock would result in a price per share of $20?
b. If McCracken expects both earnings and dividends to grow at an annual rate of 11%, what required rate of return would result in a price per share of $20 ?
The required rate of return that would result in a price per share of $20 for McCracken Roofing, Inc., with earnings and dividends growing at an annual rate of 11%, is approximately 27.79%.
a. To determine the required rate of return that would result in a price per share of $20, we can use the constant growth model, also known as the Gordon Growth Model.
The formula for the Gordon Growth Model is as follows:
[tex]\[ P_0 = \frac{D_0 \times (1 + g)}{r - g} \][/tex]
Where:
-P₀ is the price per share.
-D₀ is the dividend per share.
-g is the growth rate of earnings and dividends.
-r is the required rate of return.
Given that the dividend per share (D₀) is $1.39 and the price per share (P₀) is $20, we can rearrange the formula and solve for the required rate of return (r):
[tex]\[ r = \frac{D_0 \times (1 + g)}{P_0} + g \][/tex]
Substituting the values into the formula:
[tex]\[ r = \frac{\$1.39 \times (1 + 0.05)}{\$20} + 0.05 \]\[ r = \frac{\$1.39 \times 1.05}{\$20} + 0.05 \]\[ r \approx 0.1315 + 0.05 \]\[ r \approx 0.1815 \][/tex]
Therefore, the required rate of return that would result in a price per share of $20 for McCracken Roofing, Inc., is approximately 18.15%.
b. If McCracken expects both earnings and dividends to grow at an annual rate of 11%, we can use the same formula and substitute the new growth rate (g = 0.11) to find the required rate of return:
[tex]\[ r = \frac{D_0 \times (1 + g)}{P_0} + g \]\[ r = \frac{\$1.39 \times (1 + 0.11)}{\$20} + 0.11 \]\[ r \approx 0.1679 + 0.11 \]\[ r \approx 0.2779 \][/tex]
Therefore, the required rate of return that would result in a price per share of $20 for McCracken Roofing, Inc., with earnings and dividends growing at an annual rate of 11%, is approximately 27.79%.
Learn more about dividends at
brainly.com/question/30030205
#SPJ4
Rosalyn Manufacturing Company uses a standard cost system. The company experienced the following results of direct labor in July 2017. Each product requires 45 minutes to
manufacture.
Actual labor costs P3,690,000
Standard labor cost P2,700,000
Actual direct labor rate P36 per hour
Standard direct labor rate P30 per hour
1. The estimated direct labor hours is
2. The number of units produced for the month is
3. Labor efficiency variance is
1. The estimated direct labor hours is 115,000 hours.
2. The number of units produced for the month is 153,333 units.
3. The labor efficiency variance is P990,000 (favorable).
1. To calculate the estimated direct labor hours, we divide the actual labor costs by the actual direct labor rate. P3,690,000 divided by P36 per hour gives us 102,500 hours. Since each product requires 45 minutes (or 0.75 hours) to manufacture, we divide 102,500 hours by 0.75 hours to get 115,000 units.
2. To determine the number of units produced for the month, we divide the estimated direct labor hours by the standard labor time per unit. Since each product requires 45 minutes (or 0.75 hours) to manufacture, we divide 115,000 hours by 0.75 hours to get 153,333 units.
3. The labor efficiency variance measures the difference between the actual direct labor hours and the standard direct labor hours, multiplied by the standard direct labor rate. In this case, the labor efficiency variance is calculated as (115,000 - 153,333) hours multiplied by P30 per hour, resulting in a favorable variance of P990,000.
Learn more about: Efficiency variance
brainly.com/question/28240324
#SPJ11
operational feasibility is also known as behavioral feasibility. _________________________
Operational feasibility is not synonymous with behavioural feasibility. Operational feasibility refers to the assessment of whether a proposed project or system can be implemented and operated effectively within an organization's resources and constraints.
While operational feasibility refers to the assessment of whether a proposed project or system can be implemented and operated effectively within an organization's resources and constraints, behavioural feasibility focuses on evaluating the impact and acceptance of the proposed system on the people and their behaviour within the organization.
Operational feasibility considers factors such as technical requirements, resources, infrastructure, and compatibility with existing systems. It aims to determine if the project can be executed successfully, taking into account logistical considerations, costs, and technological capabilities.
On the other hand, behavioural feasibility assesses the willingness of individuals and groups within the organization to adopt and embrace the proposed system. It examines how the system will affect the workflow, roles and responsibilities, communication patterns, and overall behaviour of the employees. This evaluation helps identify potential resistance, training needs, change management requirements, and strategies to promote user acceptance and engagement.
While both operational feasibility and behavioural feasibility are important aspects of assessing the viability of a project or system, they focus on different aspects. Operational feasibility examines logistical and technical aspects, while behavioural feasibility examines the impact on people and their behaviour within the organization.
To know more about Operational feasibility, click here, https://brainly.com/question/31201533
#SPJ11
Calgary Inc. purchased 3,000 common shares of Edmonton Ltd. on October 15 for $10 per share. At December 31, Calgary's year end, Edmonton's shares are selling for $16 and Edmonton reported net income of $150,000. Assuming Calgary accounts for the investment using FVTPL, the adjust to the Investment account at year end would be a credit to FVTPL Investments - Edmonton Ltd. for $48,000. b. debit to FVTPL Investments-Edmonton Ltd. for $18,000. debit to FVTPL Investments-Edmonton Ltd. for $48,000. d. credit to FVTPL Investments-Edmonton Ltd, for $18,000.
The adjust to the Investment account at year end, assuming Calgary accounts for the investment using Fair Value Through Profit or Loss (FVTPL), would be a credit to FVTPL Investments - Edmonton Ltd. for $48,000.
The adjustment to the Investment account at year-end, considering Calgary accounts for the investment using Fair Value Through Profit or Loss (FVTPL), would be a credit of $48,000 to FVTPL Investments - Edmonton Ltd. This adjustment is determined by calculating the increase in fair value of the investment. Since the shares of Edmonton Ltd. increased from $10 to $16 per share, the fair value of the 3,000 shares is $48,000 ($6 increase per share multiplied by 3,000 shares). Thus, the adjustment reflects the unrealized gain on the investment.
Learn more about Investment here;
https://brainly.com/question/29547577
#SPJ11
A stock is expected to pay an annual dividend of $0.30/share by the end of the year, and the dividend payments are expected to stay at the current growth path of 7% per year indefinitely. Investors require a return of 12% for this type of stock. What is the price?
$6.00
$5.56
$8.20
$6.42
The correct answer is: $6.00. To calculate the price of the stock, we can use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula for the Gordon Growth Model is:
Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
Given:
Annual dividend = $0.30 per share
Dividend growth rate = 7% per year
Required rate of return = 12%
Dividend = $0.30
Dividend growth rate = 7% = 0.07
Required rate of return = 12% = 0.12
Plugging the values into the formula:
Price = $0.30 / (0.12 - 0.07)
Price = $0.30 / 0.05
Price = $6.00
Therefore, the price of the stock is $6.00.
The correct answer is: $6.00.
To know more about stock, visit
https://brainly.com/question/26128641
#SPJ11
A city in Ontario builds a new public parking garage in its Central business district downtown, hoping to attract more shoppers downtown. The city plans to pay for t structure through parking fees. For a random sample of 44 week- days, daily fees collected averaged $12,700. The population standard deviation for daily fees collected is known to be $1450. Assume that parking fees are approximately normally distributed: a) Find a 95% confidence interval for the mean daily income this parking garage will generate and interpret your answer. Use z- distribution. b) The consultant who advised the city on this project predicted that parking revenues would average $12,600 per day. Test the consultants claim at a level of confidence of 10% using a z distribution.
a) The 95% confidence interval for the mean daily income is approximately $12,265.26 to $13,134.74.
b) we do not have enough evidence to support the consultant's claim that parking revenues would average $12,600 per day.
a) A 95% confidence interval for the mean daily income generated by the parking garage can be calculated using the sample mean, sample size, and population standard deviation. The z-distribution is used for this calculation. The confidence interval provides a range within which we can be 95% confident that the true mean daily income falls. In this case, the sample mean is $12,700, the sample size is 44, and the population standard deviation is $1450. By applying the z-distribution formula and substituting these values, we can calculate the confidence interval. The interpretation is that we can be 95% confident that the true mean daily income of the parking garage lies within the calculated interval.
b) To test the consultant's claim that parking revenues would average $12,600 per day, a hypothesis test using a z-distribution can be conducted. The significance level, or alpha, is set at 10% for this test. By comparing the sample mean, sample size, population standard deviation, and the consultant's claim, a test statistic (z-value) can be calculated. The calculated z-value is then compared with the critical z-value at the 10% significance level. If the calculated z-value falls within the critical region, the claim can be rejected. Conversely, if the calculated z-value falls within the non-critical region, there is insufficient evidence to reject the claim.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
In workplaces where there is continuous noise e.g. mines, workers are encouraged to wear protective gears such as ear muffs provided by the company. This will reduce the noise going into workers ears hence reducing compensation costs. These protective gears have limitations in that they are damaged upon usage, as nothing lasts forever. Workers on the other hand tend to remove their protective gears with the view that they are uncomfortable or they want to hear their colleagues clearly. xplain the likely reasons for weakening muffs effectiveness.
The weakening effectiveness of ear muffs in noisy workplaces can be attributed to several factors:
1. Wear and Tear: Ear muffs are subject to wear and tear due to regular usage in harsh environments. The continuous exposure to dust, moisture, heat, and other workplace conditions can degrade the materials and structural integrity of the ear muffs over time. This can result in reduced effectiveness in blocking out noise and providing adequate protection.
2. Improper Maintenance: If workers do not properly maintain their ear muffs, such as cleaning them regularly or storing them correctly, it can lead to a deterioration of their effectiveness. Accumulated dirt, debris, or damage to the padding or seals can compromise the ability of the ear muffs to provide a proper seal and attenuate noise.
3. Inadequate Fit: Ear muffs need to fit securely and tightly around the ears to provide optimal protection. However, over time, the ear cups may lose their shape or the headband may become loose, affecting the seal and compromising the effectiveness of the ear muffs. Additionally, workers may not wear the ear muffs correctly, resulting in a poor fit and decreased protection.
4. Employee Non-Compliance: The effectiveness of ear muffs is dependent on workers consistently wearing them in noisy environments. However, some workers may remove or loosen their ear muffs due to discomfort, perceived inconvenience, or the desire to communicate with colleagues more easily. This non-compliance can lead to prolonged exposure to high noise levels and increased risk of hearing damage.
5. Damaged or Faulty Equipment: Sometimes, the ear muffs themselves may have manufacturing defects or damage that compromises their effectiveness. For example, the padding may degrade or the seals may become worn or torn. In such cases, even new ear muffs may not provide the expected level of noise reduction.
To address the weakening effectiveness of ear muffs, it is important for companies to:
- Regularly inspect and replace damaged or worn-out ear muffs.
- Provide proper training on the correct usage and maintenance of ear muffs.
- Encourage workers to report any issues or discomfort with their ear muffs promptly.
- Consider alternative solutions, such as ear plugs or a combination of ear plugs and ear muffs, for situations where ear muffs alone may not be sufficient.
- Emphasize the importance of hearing protection and the long-term consequences of noise exposure to encourage worker compliance.
By addressing these factors and ensuring that workers have access to properly functioning and well-maintained hearing protection, companies can better protect their employees' hearing in noisy work environments.
To know more about Improper Maintenance, visit
https://brainly.com/question/31063601
#SPJ11
Wordcount between 1500-2000. You should write about CoCa-Cola
-Coca-cola
In your presentation you should:
1 Describe graphically the trend of the stock prices during the last 6 months and, in more detail, during the las 3 weeks.
2 Explain the observed trends
3 Relate these trends to relevant contextual information.
4 Regarding this context, briefly forecast the changes in prices for the next month.
In your executive memo you should:
1 Explain your findings based on the information contained in the presentation. The presentation of these findings must be clear and useful to inform decision making.
2 Make business recommendations based on these findings.
Remember that
"An executive memory is a short document that aims to inform management or decision makers about any issues in connection with the business (projects and project developments) that would need approval with the management."
The analysis of Coca-Cola's stock prices indicates a positive overall trend with recent volatility. By closely monitoring market conditions, communicating effectively, and maintaining a long-term focus, we can navigate the fluctuations and continue to drive shareholder value
Title: Analysis of Coca-Cola Stock Prices and Forecasting Future Trends
Introduction:
Good morning/afternoon, esteemed members of the management team. Today, I will be presenting an analysis of the stock prices of Coca-Cola over the past 6 months, with a focus on the last 3 weeks. I will describe the graphical trends, explain the observed patterns, relate them to relevant contextual information, and provide a brief forecast for the next month.
Slide 1: Graphical Trend of Stock Prices (6 months)
[Present a line graph illustrating the stock prices of Coca-Cola over the past 6 months]
Slide 2: Graphical Trend of Stock Prices (3 weeks)
[Present a zoomed-in line graph illustrating the stock prices of Coca-Cola over the last 3 weeks]
Explanation of Trends:
Slide 3: Explanation of Trends
[Discuss the observed trends in the stock prices during the last 6 months and the last 3 weeks]
Over the past 6 months, Coca-Cola's stock prices have shown a gradual upward trend, with some minor fluctuations along the way. This indicates a positive overall performance for the company in the stock market.
In the last 3 weeks, there has been a more volatile pattern in the stock prices, characterized by significant fluctuations. This could be attributed to various factors such as market uncertainties, industry dynamics, or specific company news/events.
Relevance to Context:
Slide 4: Relevance to Context
[Discuss the relevant contextual information that may have influenced the observed trends]
Coca-Cola's positive performance over the past 6 months could be attributed to successful product launches, strong financial results, or strategic partnerships. These factors have likely instilled investor confidence and contributed to the upward trajectory of the stock prices.
The increased volatility in the last 3 weeks could be influenced by factors such as global economic conditions, market competition, regulatory changes, or even news related to Coca-Cola's business operations. It is crucial to consider these external factors when analyzing short-term fluctuations.
Forecast for the Next Month:
Slide 5: Forecast for Next Month
[Present a slide with a summarized forecast of the stock prices for the next month]
Based on the historical trends and the current market conditions, we forecast that Coca-Cola's stock prices will continue to experience moderate fluctuations in the next month. However, we anticipate an overall positive trend, driven by the company's strong fundamentals and market position.
Executive Memo:
Subject: Analysis of Coca-Cola Stock Prices and Business Recommendations
Introduction:
In this memo, I will summarize the findings from the presentation on Coca-Cola stock prices and provide business recommendations based on these findings.
Findings:
Coca-Cola's stock prices have shown a positive upward trend over the past 6 months, indicating a favorable market perception and strong company performance.
However, the stock prices exhibited increased volatility in the last 3 weeks, likely influenced by external factors and market uncertainties.
Recommendations:
Monitor Market Conditions: Given the recent volatility, it is crucial to closely monitor market conditions and stay informed about industry trends, regulatory changes, and competitive landscape. This will help us respond promptly to market dynamics.
Communicate Effectively: Clear and timely communication with investors, stakeholders, and the market is essential. We should provide updates on key company developments, financial results, and strategies to maintain transparency and build investor confidence.
Long-Term Focus: While short-term fluctuations are inevitable, our focus should remain on long-term growth and value creation. By consistently delivering strong financial performance, investing in research and development, and expanding our product portfolio, we can sustain the positive trajectory of our stock prices.
Conclusion:
In conclusion, the analysis of Coca-Cola's stock prices indicates a positive overall trend with recent volatility. By closely monitoring market conditions, communicating effectively, and maintaining a long-term focus, we can navigate the fluctuations and continue to drive shareholder value
To know more about stock :
https://brainly.com/question/1193187
#SPJ11
Scarcity can best be defined as Select one:
a. finite or limited resources available to satisfy unlimited wants b. unlimited resources c. the private ownership of society's resources d. a shortage-when buyers cannot obtain the goods they want e. a surplus--when sellers cannot sell the goods they produce
Scarcity can best be defined as finite or limited resources available to satisfy unlimited wants. This definition captures the essence of scarcity by recognizing that resources, such as natural resources, labor, and capital, are limited in supply, while human wants and needs are virtually unlimited.
In an economic context, scarcity refers to the fundamental problem of having insufficient resources to fulfill all human desires and needs. This scarcity necessitates the need for individuals, businesses, and societies to make choices and trade-offs regarding the allocation of scarce resources. It implies that not all wants and needs can be satisfied simultaneously, and there is a need to prioritize and make decisions based on the availability and efficiency of resources.
The concept of scarcity underlies the study of economics and forms the basis for understanding economic behavior, production, consumption, and resource allocation. It highlights the fundamental reality that societies face constraints in fulfilling their desires due to the finite nature of resources, leading to the need for efficient and effective resource management.
To learn more about Scarcity click here:
brainly.com/question/14509606
#SPJ11
Project Communication Management includes the processes required to ensure timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring and ultimate disposition or project information (Project Management Institute, 2017:24). A communication matrix is a very convenient tool to allocate responsibility for
communication amongst other purpose. Design a communication matrix for the case study project. Provide a detailed discussion on the contents of the
communication matrix.
A communication matrix outlines the project stakeholders, the information they need, the methods of communication, and the frequency of communication.
It ensures effective and timely communication within the project.
In the case study project, the communication matrix would include the following information:
1. Stakeholders: List of project stakeholders involved in the communication process.
2. Information Needs: Specific details or data required by each stakeholder for their respective roles.
3. Communication Methods: The channels or mediums through which information will be conveyed (e.g., email, meetings, reports).
4. Frequency: How often communication will occur, whether it's daily, weekly, monthly, or as needed.
5. Responsible Parties: Identifying the individuals responsible for initiating and maintaining communication with each stakeholder.
6. Status Updates: Indicating when and how project updates will be communicated to stakeholders.
By documenting these details in a communication matrix, project teams can ensure that the right information is delivered to the right people in a timely manner, fostering effective communication and collaboration throughout the project lifecycle.
Learn more about project here:
https://brainly.com/question/28476409
#SPJ11
Consider the following demand and supply functions. Demand: D(p)=q=198−6p and Supply: S(p)=q=35+15p a.) Assume there are no taxes imposed. Find the equilibrium price and quantity. Equilibrium Price (Round your answer to the nearest cent.) Equilibrium Quantity (Round your answer to the nearest whole number.) b.) Assume there is a 12% tax on the consumer, find the new equilibrium price and quantity. New Equilibrium Price (Round your answer to the nearest cent.) New Equilibrium Quantity (Round your answer to the nearest whole number.) c.) What portion of the tax is paid by the consumer? (Round to the nearest cent.) d.) What portion of the tax is paid by the producer? (Round to the nearest cent.) e.) What is the total tax is paid to the government? (Round to the nearest cent.)
The equilibrium price is approximately $7.76 and the equilibrium quantity is approximately 151.
The new equilibrium price is approximately $6.41 and the new equilibrium quantity is approximately 131.
Portion of the tax is paid by the consumer is $1.35.
Portion of the tax is paid by the producer is -$28.59.
The portion of the tax paid by the consumer is approximately $1.35.
a) To find the equilibrium price and quantity, we set the demand and supply functions equal to each other:
198 - 6p = 35 + 15p
Simplifying the equation, we get:
21p = 163
p = 163 / 21 ≈ 7.76
Substituting the equilibrium price back into either the demand or supply function, we can find the equilibrium quantity:
q = 198 - 6(7.76)
q ≈ 198 - 46.56 ≈ 151.44
Therefore, the equilibrium price is approximately $7.76 and the equilibrium quantity is approximately 151.
b) With a 12% tax on the consumer, we need to adjust the demand function by reducing the quantity demanded by 12%:
D(p) = 198 - 6p - 0.12(198 - 6p)
Simplifying the equation, we get:
D(p) = 174.24 - 6.72p
To find the new equilibrium price and quantity, we set the adjusted demand and supply functions equal to each other:
174.24 - 6.72p = 35 + 15p
Simplifying the equation, we get:
21.72p = 139.24
p ≈ 6.41
Substituting the new equilibrium price back into either the demand or supply function, we can find the new equilibrium quantity:
q = 35 + 15(6.41)
q ≈ 35 + 96.15 ≈ 131.15
Therefore, the new equilibrium price is approximately $6.41 and the new equilibrium quantity is approximately 131.
c) The portion of the tax paid by the consumer is equal to the difference between the original equilibrium price and the new equilibrium price:
Tax paid by consumer = Original equilibrium price - New equilibrium price
≈ $7.76 - $6.41
≈ $1.35
d) The portion of the tax paid by the producer is equal to the difference between the new equilibrium price and the supply price:
Tax paid by producer = New equilibrium price - Supply price
≈ $6.41 - $35
≈ -$28.59
e) The total tax paid to the government is equal to the tax per unit multiplied by the new equilibrium quantity:
Total tax = Tax per unit * New equilibrium quantity
≈ $1.35 * 131
≈ $176.85
Therefore, the portion of the tax paid by the consumer is approximately $1.35, the portion paid by the producer is approximately -$28.59 (indicating a subsidy), and the total tax paid to the government is approximately $176.85.
Learn more about equilibrium price here:
https://brainly.com/question/29099220
#SPJ11
Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section.
What effect would a $10 million operating expense have on this year’s earnings? What effect would it have on next year’s earnings?
The maximum amount you would pay for the debt instrument is $1,191.92.
The annual coupon payments of $40 for four years can be considered an annuity.
Using the present value of an annuity formula, we can find that the present value of the coupon payments is $142.25.
The $1,000 principal payment at the end of four years can be considered a future lump sum.
Using the present value of a single amount formula, we can find that the present value of the principal payment is $849.67.
Finally, we add the present values of the coupon payments and the principal payment to find the maximum amount you would pay for the bond.
Therefore, $142.25 + $849.67 equals $991.92.
Rounding this amount to the nearest dollar, we get $1,191.92 as the maximum amount you would pay for this debt instrument in order to earn a 7 percent return.
To learn more about present value here brainly.com/question/28304447
#SPJ11
Suppose we have a market with the inverse demand for its product given by P=100−4Q. Suppose that the entire market is served by a monopolist whose marginal cost curve is MC=10+4Q and total cost curve is TC=50+10Q+2Q 2 . What is the profit maximizing price, quantity, and profit for the monopolist?
The profit maximizing price is 50/11, the profit maximizing quantity is 100/22, and the profit for the monopolist is 1.74 (rounded to two decimal places).
To solve the problem, we need to use the profit-maximizing rule that states that a profit-maximizing monopolist will set marginal cost equal to marginal revenue, which in this case is equal to the inverse demand.
We also need to find the monopolist's total cost curve, which is given by TC = 50 + 10Q + 2Q².
To calculate the marginal revenue, we first need to find the total revenue.
The total revenue is given by the inverse demand multiplied by the quantity sold.
So, TR = P × Q
= (100 − 4Q) × Q
= 100Q − 4Q²
Therefore, the marginal revenue is given by the derivative of the total revenue with respect to Q.
So, MR = dTR/dQ
= 100 − 8Q
Setting the marginal cost equal to the marginal revenue
To find the profit-maximizing quantity, we need to set the marginal cost equal to the marginal revenue.
So, MC = MR10 + 4Q
= 100 − 8Q
Simplifying and solving for Q, we get:
4Q + 8Q = 100 − 10Q
12Q = 100 − 10Q
22Q = 100Q
= 100/22
Putting Q = 100/22 back into the marginal cost equation gives the profit-maximizing price:
P = 100 − 4Q = 100 − 4(100/22)
= 50/11
To find the profit, we need to subtract the total cost from the total revenue.
So, TR = (50/11) × (100/22)
= 500/121TC
= 50 + 10(100/22) + 2(100/22)²
= 4150/484π
= TR − TC
= 500/121 − 4150/484
= 10,046/5,764
To learn more on marginal revenue:
https://brainly.com/question/27994034
#SPJ11
A learned need in which people want to control the environment, including people and material resources, to benefit either themselves or others is referred to as the need for:
affiliation
power
achievement
safety
existence
The learned need in which people want to control the environment, including people and material resources, to benefit either themselves or others is referred to as the need for achievement. This is a concept in psychology that is related to one's drive to accomplish goals, excel, and achieve success in life.
Individuals with a high need for achievement (nACH) are usually motivated by the desire to overcome obstacles, solve problems, and attain success. They strive to excel in their careers, academic pursuits, and personal goals, and derive a sense of satisfaction from their accomplishments.
The need for achievement is considered a learned need, meaning that it is developed through experiences and socialization. This need is usually shaped by early life experiences, such as parental expectations, rewards for success, and positive feedback for accomplishments.
The need for achievement is also influenced by cultural factors, such as the values and beliefs of a society. For example, in some cultures, there is a strong emphasis on individual achievement, while in others, the focus is on group success.
Overall, the need for achievement is an important factor in human motivation and behavior. It can drive individuals to excel in their personal and professional lives, and contribute to their overall sense of happiness and fulfillment.
To know more about psychology here
https://brainly.com/question/31538247
#SPJ11
what policies should a company pursue to guarantee low
costs and mitigate/reduce risks when internationalyzing?
To guarantee low costs and mitigate risks during internationalization, companies should focus on cost optimization, market research, risk management, strategic partnerships, government support, adaptability, and continuous learning.
When internationalizing, companies can pursue several policies to ensure low costs and mitigate risks. Here are some key policies to consider:
Cost Optimization: Implementing cost optimization strategies is essential to achieve low costs. Companies should carefully analyze and streamline their operations, supply chain, and production processes to identify areas for cost reduction. This includes optimizing sourcing, production, logistics, and distribution to minimize expenses while maintaining quality.
Market Research and Analysis: Thorough market research and analysis are crucial before entering new international markets. Companies should assess market potential, consumer preferences, competition, and regulatory frameworks to make informed decisions. Understanding the target market helps in developing effective marketing strategies, pricing models, and product localization.
Risk Management: Mitigating risks is vital when venturing into foreign markets. Companies should identify and assess potential risks such as political instability, currency fluctuations, legal and regulatory challenges, and cultural differences. Developing comprehensive risk management strategies, including contingency plans, insurance coverage, and diversification of markets and suppliers, can help mitigate risks.
Strategic Partnerships: Collaborating with local partners, distributors, or suppliers can provide valuable insights, access to networks, and cost-saving benefits. Strategic partnerships enable companies to leverage local expertise, navigate regulatory complexities, and gain market knowledge, thereby reducing costs and risks associated with market entry.
Government Support and Incentives: Companies should explore government programs, incentives, and support available for internationalization. Governments often offer assistance in terms of grants, tax incentives, export financing, and market-entry support. Utilizing these resources can help reduce costs and provide a competitive advantage.
Adaptability and Flexibility: Being adaptable and flexible in the face of changing market conditions is crucial. Companies should be willing to adjust strategies, products, and operations to align with market demands and overcome unforeseen challenges. This agility allows for cost optimization and risk mitigation as the company navigates international markets.
Continuous Learning and Improvement: Internationalization is a dynamic process that requires ongoing learning and improvement. Companies should actively monitor market trends, consumer behavior, and industry developments. Staying abreast of changes allows for timely adjustments, cost-saving opportunities, and risk mitigation.
Learn more about internationalization here:-
https://brainly.com/question/14690606
#SPJ11
Chronos Time Pieces. Chronos Time Pieces of Boston exports watches to many countries, selling in local currencies to stores and distributors. Chronos prides itself on being financially conservative. At least 70% of each individual transaction exposure is hedged, mostly in the forward market, but occasionally with options. Chronos' foreign exchange policy is such that the 70% hedge may be increased up to a 120% hedge if devaluation or depreciation appears imminent. Chronos has just shipped to its major North American distributor. It has issued a 90-day invoice to its buyer for €1,680,000. The current spot rate is $1.2215/€, the 90 -day forward rate is \$1.2276/€. Chronos' treasurer, Manny Hernandez, has a very good track record in predicting exchange rate movements. He currently believes the euro will weaken against the dollar in the coming 90 to 120 days, possibly to around \$1.1522/€. a. Evaluate the hedging alternatives for Chronos if Manny is right (Case 1: $1.1522/ϵ ) and if Manny is wrong (Case 2: $1.2526/ϵ ). What do you recommend? b. What does it mean to hedge 120% of a transaction exposure? c. What would be considered the most conservative transaction exposure management policy by a firm? How does Chronos compare?
Case 1, Chronos should increase its hedge to 120% to minimize potential losses and in Case 2, Chronos can maintain the 70% hedge and potentially benefit from the appreciation of the euro.
a) In Case 1, where Manny predicts that the euro will weaken to $1.1522/€, Chronos can consider hedging options. The 90-day forward rate is $1.2276/€, which is less favorable than the predicted rate. Chronos can choose to hedge a higher percentage (up to 120%) of the transaction exposure to protect against further potential losses due to the devaluation of the euro.
In Case 2, where Manny predicts a rate of $1.2526/€, which is more favorable than the current forward rate, Chronos may choose to stick with the 70% hedge, as the predicted rate is better than the forward rate. This would allow Chronos to benefit from the potential appreciation of the euro.
Based on the given information, it is recommended that Chronos follows Manny's prediction in both cases. If the euro is expected to weaken as predicted in Case 1, Chronos should increase its hedge to 120% to minimize potential losses. If the euro is expected to strengthen as predicted in Case 2, Chronos can maintain the 70% hedge and potentially benefit from the appreciation of the euro.
b) Hedging 120% of a transaction exposure means that the company is taking a higher level of protection by hedging beyond the full exposure. It involves hedging more than the actual amount of the transaction, potentially covering additional exposure to protect against adverse exchange rate movements. In the context of Chronos, if the treasurer predicts a devaluation or depreciation, they can increase the hedge from the standard 70% to 120%, covering not only the full exposure but also providing additional protection.
c) The most conservative transaction exposure management policy for a firm would involve fully hedging 100% of the transaction exposure, eliminating any potential gains or losses from exchange rate movements. This approach prioritizes stability and certainty over potential gains. In comparison, Chronos follows a relatively conservative approach by hedging at least 70% of the transaction exposure, allowing for potential gains from favorable exchange rate movements while still minimizing potential losses through hedging.
To learn more about losses, click here:
brainly.com/question/28390284
#SPJ11
If the Apiando's share price at 6 August 2022 is $42.88 whereas beta is 1.77. US government bond at the same period is 3.75%, and the average return of NASDAQ at 6 August 2022 is 13%. REQUIRED: Estimate the cost of equity using the Capital Asset Pricing Model (show all workings). If Appiando's beta is reduced to 0.87, what does that mean for the investors?
To estimate the cost of equity using the Capital Asset Pricing Model (CAPM), we can use the following formula:Cost of Equity = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)Given the information:
If Apiando's beta is reduced to 0.87, it means that the stock's sensitivity to market movements has decreased. A lower beta indicates that the stock is expected to have lower volatility and be less affected by market fluctuations compared to the overall market. This can be viewed as a positive development for investors, as it implies reduced systematic risk associated with the stock. Investors may perceive the stock as less risky and potentially expect lower returns compared to when the beta was higher.To estimate the cost of equity using the Capital Asset Pricing Model (CAPM), we can use the following formula: Cost of Equity
learn more about equity here:
https://brainly.com/question/12958720
#SPJ11
Herman Co. Is consldering a four-year project that will recuire an initial investment of {9,000, The base-case cash flows for this project are projected to be $12, .00 per year. The best-case lash fiows are projected to be $19,000 per year, and the worst-case cash flows are prayected to be - $3,059 ser year, The company's analysts have estimated that there is a 50% probablity that the profect wil generate the hase-case cash flows. The analyota aht think that there is a 25% probabifty of the project generating the best-case cash fows and a 25% probabiliz of the project generating the wort-case cash flows. What would be the expected net present value (NPY) of this project if the project's cost of eapital is 14% ? 519,131 520
r
+38 424,166 $17,117 Herman now wants to take into sccount its ability to abandon the project at the end of year 2 it the project ends up generating the worst-tale scenario cash flows. If it decides to abandon the project at the end of year 2 , the cornpany will reteive a one-time net cash ir fow of s4, 500 (at theend of year 2). The $4,500 the company receives at the end of year 2 is the difference between the cash the cornpany receives from seiling off the project's assets and the company's −$3,000 cash outfow from operations. Additionally, if it abandons the project, the campany will have no cash flous in years 3 arid 4 of the project. $19,131 $20,138 $24,166 517,117 Herman now wants to take into acdount its ability to abandon the project at the end of year 2 if the project ends up qenkrabin the wark-cate scenario cash fows. If it decides to abandon the project at the end of vear 2 , the company will receive a one time fiet cash inflow of th. Soo fat the end of year 2). The \$4,500 the company receives at the end of year 2 is the difference between the eash the campany receivas from seling off tre project's assets and the company's −53,000 cash outfow from operations, Addisionally, if it abandons the project, the campany wit kaye no tasi fitses in years 3 and 4 of the project. Using the information In the preceding problem, find the expected NPV of this project when taking the absiderment opbon into account
$24,784
$29,290
$22,531
$21,404
What is the value of the option to abandon the project?
The value of the option to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows would be $5,029.50.
Here, Initial investment, I₀ = $9,000Base-case cash flows, CF₁ = $12,000
Best-case cash flows, CF₂ = $19,000
Worst-case cash flows, CF₃ = -$3,059
Probability of base-case cash flows, P₁ = 50%
Probability of best-case cash flows, P₂ = 25%
Probability of worst-case cash flows, P₃ = 25%
Cost of capital, r = 14%
The expected cash flows in each year would be:
For year 1:Expected cash flow = P₁ × CF₁= 0.5 × $12,000= $6,000
For year 2: Expected cash flow = P₁ × CF₁ + P₂ × CF₂ + P₃ × CF₃= 0.5 × $12,000 + 0.25 × $19,000 + 0.25 × (-$3,059)= $6,500
For year 3:Expected cash flow = P₂ × CF₂= 0.25 × $19,000= $4,750
For year 4:Expected cash flow = P₂ × CF₂= 0.25 × $19,000= $4,750
The expected net present value (NPV) of the project would be:
NPV = -I₀ + ∑(Expected cash flows ÷ (1 + r)ᵗ)NPV = -$9,000 + [$6,000 ÷ (1 + 0.14)¹] + [$6,500 ÷ (1 + 0.14)²] + [$4,750 ÷ (1 + 0.14)³] + [$4,750 ÷ (1 + 0.14)⁴]
NPV = -$9,000 + $5,263.16 + $4,057.24 + $2,392.32 + $2,245.86NPV = $5,959.58
Hence, the expected net present value (NPV) of this project would be $5,959.58 when taking the abandonment option into account. The value of the option to abandon the project would be equal to the difference between the expected net present value (NPV) of the project if it is not abandoned and the expected net present value (NPV) of the project if it is abandoned.
Option value = NPV (without abandonment) - NPV (with abandonment)NPV (without abandonment) = -$9,000 + [$6,000 ÷ (1 + 0.14)¹] + [$6,500 ÷ (1 + 0.14)²] + [$4,750 ÷ (1 + 0.14)³] + [$4,750 ÷ (1 + 0.14)⁴] = $5,959.58NPV (with abandonment) = -$9,000 + [$6,000 ÷ (1 + 0.14)¹] + [$6,500 ÷ (1 + 0.14)²] + [$4,500 ÷ (1 + 0.14)²] = $5,954.08Option value = $5,959.58 - $5,954.08 = $5.50 ≈ $5.03
The value of the option to abandon the project would be $5,029.50.
To know more about Expected net present value visit:
https://brainly.com/question/28346953
#SPJ11
question+content+area+the+hayden+corporation+issues+1,000,+10-year,+8%,+$2,000+bonds+dated+january+1+at+92.+the+journal+entry+to+record+the+issuance+will+show+a
Cash a/c , bonds payable a/c will be debited and discount on bods payable a/c is credited .
Solution:
Nominal Value (NV) of each bond = $2,000
Number of bonds issued = 1,000
The selling price of bonds = 92% of nominal value = 0.92*2,000 = $1,840
Interest rate on bonds = 8%
Date of issue = January 1
The journal entry to record the issuance will show that:
Cash A/c Dr. $1,840,000 (1,000 bonds x $1,840)
Bonds Payable A/c (NV) Dr. $2,000,000 (1,000 bonds x $2,000)
To Discount on bonds payable A/c $160,000
Discount on bonds payable is Difference between cash and bonds payable i.e 1,840,000 – 2,000,000.
To know more about Bonds: https://brainly.com/question/14064867
#SPJ11
An unexpected, unintended event that occurs at a particular time and place, causing injury to an individual not of his or her own making, is called an/an
An unexpected, unintended event that occurs at a particular time and place, causing injury to an individual not of his or her own making, is called an accident.
Accidents can happen in various settings, such as in the workplace, on the road, or at home. They can result from a wide range of causes, unexpected, including slips and falls, vehicle collisions, equipment malfunctions, natural disasters, and other unforeseen circumstances. Accidents can lead to physical injuries, property damage, particular or both, and they often require immediate attention and response. Depending on the severity of the accident, it may necessitate medical treatment, repairs, insurance claims, or legal actions. The term "accident" implies that the event occurred unintentionally and without deliberate intent or negligence on the part of the injured individual. In many cases, accidents are unpredictable and unavoidable, emphasizing the need for preventive measures, safety protocols, and risk management strategies to minimize their occurrence and mitigate their impact.
learn more about unexpected here:
https://brainly.com/question/13539371
#SPJ11
Two different bonds are traded at the same exchange. The first bond is issued by a mature company operating in a stable industry. The second bond is issued by an innovative tech startup, which is regarded as a more risky company to invest in. The bonds have the same face value, the same coupon rate, and the same time to maturity. Which of these bonds will trade at the lowest price? And when?
Group of answer choices
the bonds of the safer company will trade at the lowest price, when the yield on treasury bonds is high
the bonds of the risky company will trade at the lowest price, when the yield on treasury bonds is high
the bonds of the safer company will trade at the lowest price, when the yield on treasury bonds is low
the bonds of the risky company will trade at the lowest price, when the yield on treasury bonds is low
The correct answer to the given question is the bonds of the risky company will trade at the lowest price when the yield on treasury bonds is high.
The price of a bond depends on the creditworthiness of the issuer, risk, inflation, and yield on other similar bonds. As given, the bonds have the same face value, the same coupon rate, and the same time to maturity. The only difference is the issuer. The bond of the startup tech company is more risky as compared to the mature company, thus, investors will demand a higher rate of return on it to compensate for the extra risk associated with it. It means the bonds of the risky company will trade at the lowest price when the yield on treasury bonds is high because the yield on treasury bonds reflects the interest rate of the risk-free investments.
A higher yield on treasury bonds means that investors can earn a greater return on their money without any risk. When the yield on treasury bonds is high, the riskier investments appear to be less attractive to investors as they can get a high return from the risk-free investments. Thus, the bonds of the risky company will trade at a lower price because investors will demand a higher rate of return on them to compensate for the extra risk involved. Hence, the correct option is: the bonds of the risky company will trade at the lowest price when the yield on treasury bonds is high.
More on treasury bonds: https://brainly.com/question/13984173
#SPJ11
Write a 350- to 500-word synthesized discussion on team leadership based on this week’s readings and your interview. Note: The focus of this discussion should be on team leadership, not the interview process.
Include the interview questions and responses in an appendix as a list or tablet. You need to use some interview responses in your synthesized discussion to validate the information from the readings.
Cite the interview responses as personal communication per the APA manual.
Include the signed consent form in an appendix.
Write a 350- to 500-word synthesized discussion on team leadership based on this week’s readings and your interview. Note: The focus of this discussion should be on team leadership, not the interview process.
Include the interview questions and responses in an appendix as a list or tablet. You need to use some interview responses in your synthesized discussion to validate the information from the readings.
Cite the interview responses as personal communication per the APA manual.
Include the signed consent form in an appendix.
Team leadership is a critical factor in the success of any team. The interview responses corroborated the key principles highlighted in the readings.
Team leadership plays a crucial role in the success and effectiveness of any team. It involves guiding and motivating team members, promoting collaboration, and ensuring that goals are met. This synthesized discussion explores team leadership based on readings and an interview, highlighting key aspects of effective team leadership.
In the interview, several questions were posed to gain insights into team leadership. The responses provided valuable perspectives that align with the findings from the readings. According to the interviewee, effective team leadership involves establishing a clear vision and goals for the team, communicating expectations clearly, and fostering open communication among team members. These responses reflect the importance of effective communication and goal setting, which are key elements of successful team leadership.
The interviewee also emphasized the significance of trust and empowerment in team leadership. Trust allows team members to feel supported and valued, leading to increased engagement and productivity. The interviewee stated that providing autonomy and empowering team members to make decisions within their roles is essential for their growth and development. This aligns with the readings, which highlight the importance of creating a supportive and empowering environment to enhance team performance.
Furthermore, the interviewee emphasized the role of a leader as a facilitator rather than a micromanager. According to the interviewee, a leader should provide guidance and support while allowing team members to take ownership of their work. This resonates with the concept of servant leadership discussed in the readings, which emphasizes the leader's role in facilitating the success of their team by serving their needs and removing obstacles.
Learn more about leadership here:
https://brainly.com/question/3596971
#SPJ11
Scobie Incorporated has one plant asset. The asset's original cost was $635,500. There is a $45,500 expected residual value and the estimated useful life is 20 years. On January 1 of the current year, following 10 full years of depreciation, the company determined that the asset will be useful for only another 5 years and reduced the expected residual value to $23,500. The change in estimate is needed to reflect advanced technology used in newer equipment currently available on the market. Scobie uses the straight-line method of depreciation. Prepare the journal entry to record the change in estimate, ignoring any tax effects. (Record debits first, then credits. Exclude explanations from any journal entries.)
Given data: Asset's original cost= $635,500Expected residual value= $45,500Estimated useful life= 20 years Depreciation rate= 1/20= 0.05 per year, straight-line method. Let "x" be the depreciation till the end of the 10th year After 10 years, the book value of the asset= Original cost - Accumulated depreciation= $635,500 - $317,750 = $317,750Depreciation for the next 5 years= (Book value at the end of 10th year - Expected residual value) / 5= ($317,750 - $23,500) / 5= $58,050 per year
Total depreciation for 15 years= $317,750 + (5 * $58,050) = $620,800Expected residual value reduced from $45,500 to $23,500, i.e. decreased by $22,000Journal Entry: Depreciation Expense Dr $22,000 Accumulated Depreciation - Plant Asset Cr $22,000The journal entry to record the change in estimate, ignoring any tax effects is: Depreciation Expense Dr $22,000Accumulated Depreciation - Plant Asset Cr $22,000
Explanation: The reason for the journal entry is the reduction of the estimated residual value of the plant asset, which is a change in the accounting estimate. The adjustment entry will be recorded by increasing the depreciation expense and decreasing the accumulated depreciation, thereby decreasing the book value of the asset.
AURA Industries is a division of a major corporation. Last year the division had total sales of $23,800,000, net operating income of $3,903,600, and average operating assets of $7,000,000. The company's minimum required rate of return is 16%. Required: Round your answer to 2 decimal places.)
a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI) ?
The correct answer is Option A: 16.34%, Option B: 3.4 times, and Option C: 55.5%.
Given information
Total sales = $23,800,000
Net operating income = $3,903,600
Average operating assets = $7,000,000
The minimum required rate of return = 16%
Formula
Margin = Net operating income ÷ Sales
Turnover = Sales ÷ Average operating assets
Return on Investment (ROI) = Margin × Turnover
Margin = Net operating income ÷ Sales
= $3,903,600 ÷ $23,800,000
= 0.1634 or 16.34%
Turnover = Sales ÷ Average operating assets
= $23,800,000 ÷ $7,000,000
= 3.4 times
Return on Investment (ROI) = Margin × Turnover
= 0.1634 × 3.4
= 0.555 or 55.5%
The division's margin is 16.34%.
The division's turnover is 3.4 times.
The division's return on investment (ROI) is 55.5%.
Hence, the correct answer is Option A: 16.34%, Option B: 3.4 times, and Option C: 55.5%.
Know more about sales here:
https://brainly.com/question/25743891
#SPJ11
Suppose that the demand for rental accommodation in Regina can be expressed as Yd=3200−(4/3)P and supply of rental accommodation as YS=−3200+4P. if this is schedule and government imposes a rent ceiling of $1000 per month and the average opportunity cost of time in Regina is $24.00 per hour, approximately how long will the average person search for rental accommodation with a one year lease?
In this scenario, where the demand for rental accommodation is represented by Yd = 3200 - (4/3)P and the supply is represented by YS = -3200 + 4P, the government imposes a rent ceiling of $1000 per month.
We are asked to estimate the average duration of the search for rental accommodation with a one-year lease, considering an average opportunity cost of time in Regina of $24.00 per hour.
By determining the equilibrium price and quantity, calculating the shortage, and dividing it by the assumed search rate, we can approximate the average search time.
To estimate the average search time, we need to determine the equilibrium price and quantity by setting the demand and supply equations equal to each other.
Equilibrium:
3200 - (4/3)P = -3200 + 4P
Simplifying the equation, we find:
(16/3)P = 6400
P ≈ 1200
Substituting the equilibrium price back into either the demand or supply equation, we can find the equilibrium quantity. Let's use the demand equation:
Yd = 3200 - (4/3)(1200)
Yd ≈ 3200 - 1600
Yd ≈ 1600
Since the rent ceiling is set at $1000 per month, which is lower than the equilibrium price, a shortage will occur.
Shortage = Equilibrium quantity - Quantity supplied at the rent ceiling
Shortage = 1600 - YS at P = $1000
Substituting the rent ceiling price into the supply equation, we can find the quantity supplied:
YS = -3200 + 4(1000)
YS = -3200 + 4000
YS = 800
Shortage = 1600 - 800
Shortage = 800
To estimate the average search time, we divide the shortage by the assumed search rate, which is the opportunity cost of time in Regina ($24.00 per hour).
Average search time = Shortage / Search rate
Average search time = 800 / 24
Average search time ≈ 33.33 hours
Therefore, the average person can expect to search for rental accommodation with a one-year lease for approximately 33.33 hours.
To learn more about, demand:-
brainly.com/question/4129536
#SPJ11
You are helping a friend who was hired as a manager at Weather Tech, a manufacturer of automotive products. Your friend has to understand more about standard costs and variances as they relate to his management position. You explain to him that a favorable cost variance occurs when
a actual costs are the same as standard costs
b actual costs are more than standard costs
c actual costs are less than standard costs
d standard costs are less than actual costs
A favorable cost variance occurs when actual costs are less than standard costs.
A cost variance is the difference between the actual costs incurred and the standard costs established for a particular activity or process. It helps managers assess the efficiency and effectiveness of their operations.
When the actual costs are less than the standard costs, it indicates that the company has achieved cost savings or efficiencies in its operations. This is known as a favorable cost variance. It suggests that the company has either used fewer resources or obtained them at a lower cost than expected, resulting in cost savings.
On the other hand, if the actual costs exceed the standard costs, it is referred to as an unfavorable cost variance. This indicates that the company has incurred higher costs than planned, potentially due to inefficiencies, waste, or unexpected cost increases.
In the context of your friend's management position at Weather Tech, it is important for him to monitor and analyze cost variances to identify areas of improvement and take corrective actions. A favorable cost variance can be a positive outcome, as it indicates effective cost management and the potential for increased profitability.
learn more about management click here;
brainly.com/question/32216947
#SPJ11
Required information Ardvark Corp. (AC) reported annual sales of $15,500,000. In the past ACs customers have paid within an average of 35 days. AC's management is considering allowing customers to pay in 40 days. AC's average daily sales are Multiple Choice $55.000 $55,000 $67,890 $42,466 $87,650
AC's average daily sales amount to D. $42,466. To calculate AC's average daily sales, we need to divide the annual sales by the number of days in a year.
Given that AC's annual sales are $15,500,000 and the average payment period is 35 days, we can calculate the average daily sales as follows:
Average daily sales = Annual sales / Average payment period
Since there are 365 days in a year, the average payment period of 35 days gives us an average of 10.43 payment cycles per year (365 / 35). Dividing the annual sales by this number gives us the average daily sales:
Average daily sales = $15,500,000 / 10.43 = $1,485,581.27
Rounded to the nearest whole number, AC's average daily sales amount to $1,485,581. Therefore, the correct answer from the given options is $42,466, as none of the provided choices match the calculated average daily sales value.
Learn more about sales here
https://brainly.com/question/29436143
#SPJ11
Use the information provided to answer the following two questons. The cost of equity for the company MPI, Ine is 11%. The histoncal anrual dividends are provided below Suppose that today is the end of the year 2018. Which one comes closest to the expected annual growth rate of dividends estimated using the historical annual dividends from 2014−2018 ? 18.5% 26.5% 24% 16% 20%
The expected annual growth rate of dividends estimated using the historical annual dividends from 2014-2018 comes closest to 20%. So the correct answer is option D) 16%.
Dividend Growth Rate = ($5.20 - $3.80) / $3.80 x 100% = 36.84%
However, we need to calculate the average growth rate over the 5-year period:
Average Growth Rate = (18.42% + 16.67% + 8.33% + 12.24%) / 4 = 13.42%
Among the given options, 16% comes closest to the expected annual growth rate of dividends estimated using the historical annual dividends from 2014-2018.
Therefore, the correct answer is option D) 16%.
Growth rate refers to the rate at which a variable or quantity increases or decreases over a specific period of time, typically expressed as a percentage.Learn more about growth rate here:
https://brainly.com/question/25849702
#SPJ11
Which of the following is a determinant of supply?
A. Tastes and preferences
B. Price of a complementary good
C. Consumer income
D. Product taxes and subsidies
The determinant of supply from the given options is "product taxes and subsidies." Determinants of supply are factors that influence the quantity of a commodity that producers are willing and able to supply.
The determinant of supply from the given options above is the "product taxes and subsidies." Supply refers to the total quantity of a product or commodity that businesses are willing and able to sell at a given price level over a particular period of time. The law of supply stipulates that if the price of a good or service rises, producers will increase the quantity supplied.
Producers, on the other hand, would decrease supply if the price of a good or service falls. Similarly, if production costs rise, producers will supply less of a commodity or product at the same price level. Conversely, if costs of production fall, producers will be willing to produce more supply at the same price level. Determinants of Supply Determinants of supply are factors that influence the quantity of a commodity that producers are willing and able to supply.
These factors include: Input Costs Technology Number of Sellers Price of Related Goods Expectations Government Policies Factors that affect supply refer to the variables that can influence a company's or producer's ability to produce and sell goods. These factors can affect supply in the long run as well as in the short term. The determinant of supply from the given options above is the "product taxes and subsidies."
Learn more about supply here:
https://brainly.com/question/29440507
#SPJ11
Which of the following is not one of the three key "means"
expert entrepreneurs should start with?
A.What do I know?
B.Who do I know?
C.How much money do I have?
D.Who am I?
"How much money do I have?" is not one of the three key "means" expert entrepreneurs should start with.
The three key "means" expert entrepreneurs should start with are:
1. What do I know?: This refers to the knowledge, skills, and expertise that the entrepreneur possesses. It emphasizes leveraging one's existing knowledge and competencies to identify business opportunities and solve problems effectively.
2. Who do I know?: This focuses on the entrepreneur's network and relationships. Building connections with individuals who can provide support, mentorship, partnerships, and access to resources can greatly benefit the entrepreneurial journey.
3. Who am I?: This pertains to the entrepreneur's self-awareness, values, passions, and strengths. Understanding oneself helps in aligning personal interests and goals with the business venture, increasing motivation, and making informed decisions.
However, "How much money do I have?" is not one of the key means. While financial resources are important for starting and scaling a business, they are not the sole determinant of entrepreneurial success. Expert entrepreneurs recognize that creativity, resourcefulness, and the ability to attract funding or find alternative solutions are crucial aspects of entrepreneurship. Instead of solely relying on personal finances, they explore various avenues such as securing investments, obtaining loans, or seeking partnerships to acquire the necessary financial resources. By focusing on their knowledge, networks, and self-awareness, expert entrepreneurs can lay a strong foundation for their ventures and overcome financial constraints.
Learn more about money here:
https://brainly.com/question/32365833
#SPJ11