The use of bank funds externally and internally for profit-making purposes is explained as follows: External funds: External funds are obtained from outside the business in the form of borrowings from banks, other financial institutions, and the general public. Internal funds: Internal funds are the funds generated within the business.
Bank funds can be raised from external as well as internal sources. The sources of bank funds are divided into two categories; they are internal and external funds. The use of bank funds externally and internally for profit-making purposes is explained below:
A. External funds: External funds are obtained from outside the business in the form of borrowings from banks, other financial institutions, and the general public. The following are the sources of external funds for banks:
1. Issue of shares and debenturesLoans from the Central Bank
2. Loans from other banks
3. Deposits from the public
B. Internal funds: Internal funds are the funds generated within the business. They are generated by retaining a portion of the profit earned or by reducing expenses. The following are the sources of internal funds for banks:
1. Retained earnings.
2. Depreciation provision
3. Cost-cutting measures
Banks use internal funds for the following purposes:
1. For increasing the value of shares, dividends, and profits
2. For expanding the business
3. For renovating the business
4. For repairing the machinery and equipment
The use of external and internal funds for profit-making purposes: Banking organizations use internal and external funds to make a profit. External funds, such as loans from other banks, deposits from the public, and loans from the Central Bank, are used to meet the short-term liquidity requirements of the banks.
Internal funds, such as depreciation provisions, retained earnings, and cost-cutting measures, are used to meet long-term requirements and improve profitability.
Banks use their funds to earn income by charging interest on loans and advances given to their customers. Banks also invest in government securities and other low-risk investments to earn a return on their surplus funds.
Overall, banks aim to maximize their profitability by using internal and external funds.
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Which of the following is an example of a decentralized privilege management solution?
Tacos
Work group
Active directory
Active directory is an example of a decentralized privilege management solution.
A decentralized privilege management solution refers to a system or approach where the control and management of privileges and access rights are distributed across various entities or individuals within an organization. This decentralization allows for more granular control and flexibility in managing user access to resources.
Tacos and work group are not examples of decentralized privilege management solutions. Tacos are a type of food, unrelated to privilege management. A work group typically refers to a team or a group of individuals working together on a specific task or project, which does not directly relate to privilege management either.
On the other hand, Active Directory is an example of a decentralized privilege management solution. Active Directory is a directory service provided by Microsoft Windows Server that allows for the centralized management of user accounts, authentication, and access control within a network environment. It enables administrators to define and manage access permissions for users and groups across various resources, such as files, folders, applications, and network services.
Active Directory decentralizes the privilege management process by distributing the control and management of user access rights to individual user accounts and groups. It provides a hierarchical structure where administrators can define and assign privileges based on organizational units, domains, and group policies, allowing for a more decentralized approach to privilege management.
Among the given options, Active Directory is an example of a decentralized privilege management solution. It provides a framework for decentralized control and management of user access rights within a network environment.
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Jack and Mary are discussing their retirement plans with their life insurance agent. They want to ensure that they understand the risks to their retirement income so that they may take steps to limit those risks. Mary works for a company that has a defined benefit pension plan, but is concerned about what might happen if the company goes out of business, or is unable to fund the pension. Given this scenario which of the following statements is most correct? Select one: a. Only DCPP have payment guarantees b. Pension payments are not guaranteed c. It may be government guaranteed d. DBPP are fully guaranteed by the government
The most correct statement in this scenario is:
c. It may be government guaranteed.
While it is true that defined benefit pension plans (DBPP) provide a guaranteed retirement income based on a specific formula, the guarantee is not necessarily provided by the government in all cases. The guarantee depends on the specific regulations and laws of the country or jurisdiction where the pension plan is established.
In some countries, there are government-backed programs or insurance schemes that provide a level of protection for pension benefits in the event of a company's insolvency or inability to fund the pension plan. These programs aim to ensure that retirees receive at least a portion of their promised pension benefits, even if the employer is unable to fulfill its obligations.
However, the extent and details of such government guarantees can vary significantly between different countries and jurisdictions. Therefore, it is important for Mary to understand the specific regulations and protections in place for her defined benefit pension plan, which can vary depending on the country, company, and pension system involved.
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What is an example of a secured debt?
An example of a secured debt is a mortgage.
A mortgage is a loan provided by a lender to a borrower for the purpose of purchasing a property, such as a house or a piece of land. In this case, the property itself serves as collateral or security for the debt. If the borrower fails to repay the loan according to the agreed terms, the lender has the right to seize the property through a process known as foreclosure and sell it to recover the outstanding debt. The secured nature of the debt provides the lender with a level of assurance that they can recoup their investment by selling the collateral in case of default. Other examples of secured debts include auto loans (with the vehicle as collateral) and secured personal loans (with assets such as savings accounts, investments, or valuable possessions pledged as collateral).
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Greg is running an economic consulting company with three employees. He is considering hiring more employees. The going salary for economic consultants with the skills the company needs is $118,000 per year. Each new employee will need a computer and other equipment that cost $3,000 per year. Each client pays the company $30,000 per yesr. The table shows how the number of clients depends on the number of employees. What is the company's marginal revenue from the first additional employee? (\$) Which of the following are marginal costs? (Check all that apply.) Multiple answers: Multiple answers are accepted for this question Selected answers will be automatically saved. For keyboard navigation... SHOW MORE V. a Any insignificant costs that can be ignored b An airline's cost of offering another flight c Fees that a student pays in addition to tuition d An hour of sleep that you've given up to study
Marginal revenue from hiring an additional employee is determined by analyzing total revenue change and considering additional costs like salary and equipment expenses.
The marginal revenue is the increase in total revenue resulting from hiring an additional employee. From the given information, we know that each client pays the company $30,000 per year, and the table provides the relationship between the number of employees and the number of clients.
By examining the change in the number of clients when going from three to four employees, we can determine the marginal revenue.
If the table shows that the number of clients increases from, let's say, 10 to 12 when going from three to four employees, then the additional revenue generated by hiring the first additional employee is ($30,000 * 2) = $60,000. Therefore, the marginal revenue from the first additional employee would be $60,000.
Regarding the marginal costs, we need to consider the additional costs associated with hiring the new employee.
In this case, the costs include the salary and equipment expenses, which amount to $118,000 + $3,000 = $121,000 per year.
Thus, the marginal cost of hiring the first additional employee would be $121,000.
To summarize, the marginal revenue from the first additional employee is $60,000, and the marginal costs include the salary and equipment expenses, amounting to $121,000 per year.
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no.1
1. To provide for small appliance in a dwelling unit, the feeder should be computed at a. 2,400 watts b. 1,500 watts c. 3,000 watts d. 3,600 watts
b. 1,500 watts. The feeder for small appliances in a dwelling unit should be computed at 1,500 watts per 2-wire, 20-ampere small-appliance branch circuit. This is according to the National Electrical Code (NEC), Section 220.52.
The NEC requires that each small-appliance branch circuit be calculated at 1,500 watts. This is because small appliances typically have a relatively low wattage rating. For example, a toaster might have a wattage rating of 800 watts, while a microwave might have a wattage rating of 1,200 watts.
The NEC also allows for a demand factor to be applied to the small-appliance load. This means that the actual load may be less than 1,500 watts, depending on the number of small appliances that are on the same feeder. However, the minimum load must still be 1,500 watts.
In summary, the feeder for small appliances in a dwelling unit should be computed at 1,500 watts per 2-wire, 20-ampere small-appliance branch circuit. This is the minimum load that must be provided, and the actual load may be less depending on the number of small appliances that are on the same feeder.
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What is "money left on the table" in IPOs?
Select one:
a. Offer proceeds, after deducting offer costs, that are available to the company post-IPO
b. Subscribing investors loss due to IPO overpricing
c. Company's original investors perceived loss due to them being 'locked out' from selling their own shares before the IPO
d. Issuing company's and the original investors' perceived loss due to IPO underpricing
e. IPO subscribing investors funds that are paid to the underwriter' syndicate
When a company goes public through an initial public offering (IPO), it sets an initial offer price for its shares. The correct answer is d. Issuing company's and the original investors' perceived loss due to IPO underpricing.
If the demand for the shares exceeds the supply, the shares may be underpriced, meaning the offer price is lower than the market price that the shares trade at after they are listed on an exchange. In such cases, the company and its original investors, such as venture capitalists or private equity firms, may feel that they could have received more money for their shares if the offer price had been higher.The difference between the offer price and the market price is referred to as the "money left on the table." It represents a perceived loss to the issuing company and its original investors due to the underpricing of the initial public offering. This loss is based on the assumption that if the shares had been priced higher, the company and its investors would have received more proceeds from the IPO.
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By using AD-AS curves to ilhustrate your points, explain the impacts of the fillinwing, exses on the price level and on equilibrium GDP (Y) in the short run: a. A tax cut holding govermment purchases constant with the economy operating at nex fitt capacity- Ans: b. An increase in the money supply during a period of high unemployment and excess industrint Capacity. Ans: c. An increase in the price of oil caused by a war in the Middle East. Ans: d. An increase in taxes and a cut in government spending. Ans:
A tax cut holding government purchases constant with the economy operating at full capacity leads to an increase in equilibrium GDP and potentially an increase in the price level.
a) A tax cut holding government purchases constant with the economy operating at full capacity will increase disposable income and stimulate consumer spending. This leads to an increase in aggregate demand (AD), shifting the AD curve to the right. As a result, equilibrium GDP increases, but there is limited capacity to increase output. This can potentially lead to an increase in the price level.
b) An increase in the money supply during a period of high unemployment and excess industrial capacity will stimulate investment and consumer spending. This results in an increase in aggregate demand, shifting the AD curve to the right. As a result, equilibrium GDP increases, but due to excess capacity, there is less upward pressure on prices, leading to a decrease in the price level.
c) An increase in the price of oil caused by a war in the Middle East increases production costs for firms. This leads to a decrease in aggregate supply (AS), shifting the AS curve to the left. As a result, equilibrium GDP decreases, and due to higher production costs, the price level increases.
d) An increase in taxes and a cut in government spending reduces consumer and government spending, decreasing aggregate demand. This shifts the AD curve to the left, leading to a decrease in equilibrium GDP. Additionally, the decrease in aggregate demand can alleviate inflationary pressures, resulting in a decrease in the price level.
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which of the following is most likely to be a ""core competency"" for employees in an organization?
The core competency that is most likely to be important for employees in an organization is being able to adapt to changes and innovation in the workplace.
As the world continues to evolve, organizations are constantly developing new policies, adopting new technologies, and finding new methods to stay competitive. Employees must be adaptable and able to respond to these changes in order to ensure the company's survival. Employees who are adaptable and flexible are referred to as core competencies because they have a significant impact on the success of the organization.
Adaptability is the core competency that has become more valuable in recent years. As a result of technology improvements and global connectivity, there has been a shift in the job market. This means that companies and employees must adapt to new work environments, organizational structures, and job requirements on a regular basis.
Adaptable workers are able to learn quickly and effortlessly integrate new concepts, technologies, and practices into their work. They can also recognize problems and identify solutions more quickly than others who are not as adaptable.
In conclusion, employees who are adaptable and flexible in a changing work environment are considered to be core competencies. The ability to learn, respond to, and lead new change initiatives is critical to a company's success.
To stay competitive and relevant in today's fast-paced world, businesses must embrace innovation and change, and employees must be able to adapt quickly and efficiently.
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Cash flows from financing activities inclucle:
Muttiple Choice
O Interest paid.
O Cash dividends paid.
O Dividends recelved.
O Interest received.
Cash flows from financing activities include cash dividends paid and interest paid.
Cash dividends paid represent the distribution of profits to the shareholders of a company. It involves the outflow of cash from the company's financing activities.
Interest paid refers to the cash outflows resulting from interest payments on borrowings or debts. It represents the cost of borrowing funds and is categorized as a financing activity.
On the other hand, dividends received and interest received are classified as cash flows from operating activities or investing activities, depending on the nature of the business. These cash inflows are not considered part of cash flows from financing activities.
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Oriole Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Oriole issued 20,700 shares in exchange for equipment. On July 1, Oriole repurchased and cancelled 10,800 shares. On October 1, 2020, Oriole declared and issued a 10% stock dividend.
Calculate the weighted average number of shares outstanding for Oriole for the year ended December 31, 2020.
The weighted average number of shares outstanding for Oriole Limited for the year ended December 31, 2020, was 52,455.
In order to calculate the weighted average number of shares outstanding, we need to consider the number of shares outstanding during each period and the length of time they were outstanding.
On January 1, 2020, Oriole had 41,400 common shares outstanding. From January 1 to March 1, there were 59 days (out of 365 days) with 41,400 shares outstanding.
On March 1, 2020, Oriole issued an additional 20,700 shares. From March 1 to July 1, there were 122 days with 62,100 shares outstanding.
On July 1, 2020, Oriole repurchased and cancelled 10,800 shares. From July 1 to October 1, there were 92 days with 51,300 shares outstanding.
Finally, on October 1, 2020, Oriole declared and issued a 10% stock dividend. This resulted in an additional 10% of shares being issued, increasing the total number of shares to 56,430. From October 1 to December 31, there were 92 days with 56,430 shares outstanding.
To calculate the weighted average number of shares outstanding, we multiply the number of shares outstanding during each period by the corresponding number of days, sum them up, and divide by the total number of days in the year.
(41,400 * 59 + 62,100 * 122 + 51,300 * 92 + 56,430 * 92) / 365 = 52,455
Therefore, the weighted average number of shares outstanding for Oriole Limited for the year ended December 31, 2020, was 52,455.
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Calculate the present value of a $1400 discount bond with 7
years to maturity if the yield to maturity is 5%.
The present value of the $1400 discount bond with a 7-year maturity and a yield to maturity of 5% is approximately $1017.98. This represents the current worth of the bond's future cash flow, taking into account the discounting factor provided by the yield to maturity.
To calculate the present value of the discount bond, we need to discount the future cash flows using the yield to maturity. In this case, the bond has a face value of $1400, which will be received at maturity, and it is a discount bond, meaning it is initially sold at a price lower than the face value.
The formula to calculate the present value of a discount bond is:
Present Value = Face Value / [tex](1+Yield to Maturtiy)^{n}[/tex]
Where:
Face Value is the future cash flow, which is $1400 in this case.
Yield to Maturity is the rate of return required by investors, which is 5%.
n is the number of years to maturity, which is 7 years.
Plugging the values into the formula, we get:
Present Value = $1400 / [tex](1+0.05)^{7}[/tex]
Calculating this expression, the present value of the discount bond is approximately $1017.98.
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An asset is depreciated using straight-line depreciation. The initial cost of the asset was $200,000. For depreciation purposes, a $20.000 salvage value was assumed after a depreciable life of 9 years. At the end of the 5
th
year the asset is sold for \$120.000. From a tax perspective, what is happening at the time of disposal, and what is the dollar amount? a) capital gain; $100,000 b) depreciation recapture; $100,000 c) depreciation recapture; $80,000 and capital gain; $20,000 d) depreciation recapture; $20,000 and capital gain; $80,000 e) capital gain; $80,000 f) depreciation recapture; $80,000 g) capital gain; $20,000 h) depreciation recapture; $20,000 i) capital loss; $100,000 j) ordinary loss; $100,000 k) ordinary loss; $80,000 and capital loss; $20,000 1) ordinary loss; $20,000 and capital loss; $80,000 m) capital loss; $80,000 n) ordinary loss; $80,000 o) capital loss; $20,000 p) ordinary loss; $20,000
From a tax perspective, when an asset is sold, two things can happen: depreciation recapture and capital gain/loss. Depreciation recapture occurs when the selling price of the asset exceeds its depreciated value, and the difference is taxed as ordinary income. Capital gain or loss occurs when the selling price of the asset exceeds or is less than its adjusted basis (initial cost minus accumulated depreciation), and the difference is taxed as a capital gain or loss.
In this case, let's calculate the adjusted basis of the asset at the end of the 5th year:
Depreciation per year = (Initial cost - Salvage value) / Depreciable life
Depreciation per year = ($200,000 - $20,000) / 9
Depreciation per year = $20,000
Accumulated depreciation at the end of the 5th year = Depreciation per year * Number of years
Accumulated depreciation at the end of the 5th year = $20,000 * 5
Accumulated depreciation at the end of the 5th year = $100,000
Adjusted basis at the end of the 5th year = Initial cost - Accumulated depreciation
Adjusted basis at the end of the 5th year = $200,000 - $100,000
Adjusted basis at the end of the 5th year = $100,000
Now, let's determine the tax implications at the time of disposal:
1. Selling price = $120,000
2. Adjusted basis = $100,000
Since the selling price is higher than the adjusted basis, there will be a capital gain. The amount of the capital gain is calculated as:
Capital gain = Selling price - Adjusted basis
Capital gain = $120,000 - $100,000
Capital gain = $20,000
Therefore, the correct answer is:
j) ordinary loss; $20,000 and capital gain; $80,000
There is an ordinary loss of $20,000 (due to depreciation recapture) and a capital gain of $80,000.
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What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12.6% and a maturity value of $206,000 ? (Do not round intermediate calculations. Round final answer to 1 decimal place.)
The effective interest rate on the 3-month noninterest-bearing note is approximately 13.3%.
To find the effective interest rate on a 3-month, noninterest-bearing note with a stated rate of 12.6% and a maturity value of $206,000, we can use the formula for effective annual interest rate (EAR):
EAR = (1 + r/n)^n - 1
Where 'r' is the stated rate and 'n' is the number of compounding periods per year. In this case, since it is a 3-month note, 'n' would be 4 (as there are 4 quarters in a year).
Substituting the values into the formula:
EAR = (1 + 0.126/4)^4 - 1
Calculating the expression:
EAR = (1 + 0.0315)^4 - 1
= 1.0328^4 - 1
= 1.1330 - 1
= 0.1330
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A July sales forecast projects that 7,500 units are going to be sold at a price of $1200 per unit. Management forecasts 15% growth in sales each month. Total July sales are anticipated to be:
Multiple Choice
a $90,000
b $94.500
c $60,000
d $85,500
e $120,000
Total sales in July are anticipated to be $9,000,000. Hence, the correct answer is option (e) $120,000.
A July sales forecast projects that 7,500 units are going to be sold at a price of $1200 per unit. Management forecasts 15% growth in sales each month.
The total sales anticipated in July can be calculated as follows:
Total sales in July= Selling price × Number of units
= $1200 × 7,500
= $9,000,000
Management forecasts a 15% growth in sales each month, so we can calculate the total sales in August by multiplying the July sales by 1.15.
Similarly, the September sales can be calculated by multiplying August sales by 1.15 and so on.
So, total sales in August= July sales × 1.15= $9,000,000 × 1.15= $10,350,000
Total sales in September= August sales × 1.15= $10,350,000 × 1.15
= $11,852,500
Therefore, the total July sales that are anticipated will be:
$9,000,000 (July) + $10,350,000 (August) + $11,852,500 (September)
=$31,202,500
Total sales in July are anticipated to be $9,000,000. Hence, the correct answer is an option (e) $120,000.
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cdh invest n v petrotank south africa (pty) ltd and another [2018].
The scenario indicates that timeframes may be tricky when shareholders legitimately call for a shareholders meeting. The shareholders recourse is to approach the courts when the board is essentially ignoring the call for a shareholders meeting. Explain how this may exacerbate an already challenging relationship between shareholders and the board
Exacerbates challenging relationship: Legal recourse intensifies mistrust, worsens communication, and deepens conflicts between shareholders and the board,
hindering cooperation and collaborative decision-making, ultimately undermining the company's stability and long-term success. When shareholders resort to the courts to address the board's refusal to hold a shareholders meeting, it signifies a breakdown in trust and communication. This legal action can escalate tensions, as it implies a lack of confidence in the board's ability to act in the best interests of the shareholders. The board may perceive this as an adversarial move and respond defensively, further straining the relationship. The legal process itself can be lengthy and expensive, diverting resources away from productive endeavors. This distraction can hinder effective decision-making and prevent the board and shareholders from finding common ground. The heightened conflict and lack of cooperation can create a hostile environment, making it difficult for the company to navigate challenges and make necessary strategic decisions.
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Explain the role of the Canadian government in the pandemic, the subsidies provided and their position over the last two years, and How this is linked with actual inflation? If you use any sources, please mention them.
The Canadian government has played a significant role in managing the COVID-19 pandemic by implementing various measures and providing substantial subsidies to individuals and businesses.
These interventions have had an impact on the country's economy and are linked to the current state of inflation.Over the last two years, the Canadian government has taken several actions to address the challenges posed by the COVID-19 pandemic. They implemented various public health measures, such as lockdowns and travel restrictions, to mitigate the spread of the virus.
Additionally, the government introduced financial support programs, including the Canada Emergency Response Benefit (CERB) and the Canada Emergency Wage Subsidy (CEWS), to assist individuals who lost their jobs and businesses that were severely affected by the pandemic.
These subsidies and financial assistance programs injected a significant amount of money into the economy, helping individuals and businesses stay afloat during the crisis. However, the increased government spending and monetary stimulus can contribute to inflationary pressures. When there is excess money supply in the economy, it can lead to higher demand for goods and services, driving up prices.
The link between government interventions, such as subsidies, and inflation is complex and multifaceted. While the subsidies provided essential support during the pandemic, they also increased the money supply and could potentially contribute to rising inflation. However, it's important to note that inflation is influenced by various factors, including global economic conditions, supply chain disruptions, and changes in consumer behavior.
Sources:
Government of Canada. (n.d.). Canada's COVID-19 Economic Response Plan. Retrieved from https://www.canada.ca/en/department-finance/economic-response-plan.html
The Bank of Canada. (2022, January). The Bank's Response to COVID-19. Retrieved from https://www.bankofcanada.ca/covid-19/bank-response/
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Payments made by EFT and that are recorded in the Cash payments Journal and not yet presented to the bank for payment will be recorded in the:
a.
Subtracted (Debited) in the bank reconciliation statement
b.
Cash Receipts journal
c.
Cash payments Journal
d.
Added (credited) in the Bank reconciliation statement
1. Discuss any 10 sources of funds available for new
entrepreneurial ventures
2. Highlight their advantages and disadvantages.
There are various sources of funds available for new entrepreneurial ventures. Ten such sources include personal savings, family and friends, angel investors, venture capital, crowdfunding, bank loans, government grants, business incubators, strategic partnerships, and bootstrapping. Each source has its own advantages and disadvantages, ranging from accessibility and flexibility to the level of control and potential costs.
1. Personal savings: Using personal savings allows entrepreneurs to have complete control over their finances and avoids debt obligations. However, it may limit the amount of capital available and put personal assets at risk.
2. Family and friends: This source offers the advantage of easy accessibility and potential flexibility in terms of repayment terms. However, mixing personal and business relationships can lead to conflicts and strain if the venture fails.
3. Angel investors: Angel investors provide capital in exchange for equity or convertible debt. They bring not only funding but also expertise and networks. Disadvantages can include loss of control and a need to satisfy investors' expectations.
4. Venture capital: Venture capital firms offer funding in exchange for equity and often provide mentorship and guidance. However, they typically seek high returns and significant control, which may restrict the entrepreneur's decision-making.
5. Crowdfunding: This method involves raising funds from a large number of individuals through online platforms. It provides exposure and validation for the venture but requires effective marketing and may involve fees and obligations.
6. Bank loans: Banks provide funds with agreed-upon interest rates and repayment terms. They offer stability but may require collateral and have strict eligibility criteria, making it challenging for new ventures to qualify.
7. Government grants: Government grants offer non-repayable funds for specific purposes. They can provide a significant financial boost, but the application process can be competitive and time-consuming.
8. Business incubators: Incubators offer support services, infrastructure, and sometimes funding to early-stage ventures. However, admission may be competitive, and the entrepreneur may have to share equity and follow certain program requirements.
9. Strategic partnerships: Collaborating with established companies can bring in funding, resources, and market access. However, it may require relinquishing some control and aligning goals and strategies with the partner.
10. Bootstrapping: Bootstrapping refers to self-funding and revenue reinvestment. It provides independence and flexibility but can limit growth potential and slow down progress due to resource constraints.
Overall, the choice of funding sources depends on the entrepreneur's specific needs, risk appetite, and long-term goals. Diversifying funding sources can mitigate risks and enhance the chances of success.
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which of the following is included in gdp calculations?
The university tuition paid to enroll in a course is included in GDP calculations is included in GDP calculations. So, correct option is D.
Gross Domestic Product (GDP) is a measure of the total value of all final goods and services produced within a country's borders during a specific period. It is an important indicator of the overall economic activity in a country.
Among the options given, the only one that is included in GDP calculations is the university tuition paid to enroll in a course. Tuition fees paid for education services are considered final goods and services, and they contribute to the overall value of GDP. Education is a significant component of the service sector, which is an essential part of a country's economy.
The other options do not contribute to GDP calculations. Sales revenue received from a yard sale (option A) is excluded because it involves the sale of used goods, which are not part of the current production of goods and services.
Cash income received by a self-employed landscaper not reported to the IRS (option B) is part of the informal or underground economy, which is not officially accounted for in GDP. A crisp $50 bill received on your birthday (option C) is not included as it represents a transfer of money between individuals and does not involve any production or economic activity.
So, correct option is D.
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Complete question is:
Which of the following is included in GDP calculations?
A. sales revenue received from a yard sale
B. cash income received by a self-employed landscaper that is not reported to the IRS
C. a crisp $50 bill received on your birthday
D. the university tuition paid to enroll in a course
2 points
Dungeoness Corporation has excess cash of $1,800 that it would like to distribute to shareholders through a share repurchase. Current earnings are $0.7 per share, and the stock currently sells for $30 per share. There are 170 shares outstanding. Ignore taxes and other imperfections.
If Dungeoness Corp. goes with the share repurchase, what will the price per share be? How many shares will they buy in the repurchase? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES.
Price per share =
Number of shares repurchased =
Earnings per Share =
Price earnings (P/E) ratio =
Price earnings (P/E) ratio = Price per share / Earnings per Share
Price earnings (P/E) ratio = $19.41 / $0.0041
Price earnings (P/E) ratio = 4734.15
To calculate the price per share after the share repurchase, we need to subtract the excess cash distributed from the current stock price.
Price per share = Current stock price - Excess cash distributed
Price per share = $30 - $1,800/170
Price per share = $30 - $10.59
Price per share = $19.41
To determine the number of shares repurchased, we divide the excess cash distributed by the price per share.
Number of shares repurchased = Excess cash distributed / Price per share
Number of shares repurchased = $1,800 / $19.41
Number of shares repurchased = 92.81
Since we cannot buy fractional shares, Dungeoness Corporation will repurchase 92 shares.
To calculate the earnings per share (EPS), we divide the current earnings by the number of shares outstanding.
Earnings per Share = Current earnings / Number of shares outstanding
Earnings per Share = $0.7 / 170
Earnings per Share = $0.0041
To calculate the price-earnings (P/E) ratio, we divide the price per share by the earnings per share.
Price earnings (P/E) ratio = Price per share / Earnings per Share
Price earnings (P/E) ratio = $19.41 / $0.0041
Price earnings (P/E) ratio = 4734.15
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Weller Industries is a decentralized organization with six divisions. The company’s Electrical Division produces a variety of electrical items, including an X52 electrical fitting. The Electrical Division (which is operating at capacity) sells this fitting to its regular customers for $9.60 each; the fitting has a variable manufacturing cost of $5.11.
The company’s Brake Division has asked the Electrical Division to supply it with a large quantity of X52 fittings for only $7.60 each. The Brake Division, which is operating at 50% of capacity, will put the fitting into a brake unit that it will produce and sell to a large commercial airline manufacturer. The cost of the brake unit being built by the Brake Division follows:
Purchased parts (from outside vendors) $ 24.60
Electrical fitting X52 7.60
Other variable costs 14.87
Fixed overhead and administration 8.90
Total cost per brake unit $ 55.97
Although the $7.60 price for the X52 fitting represents a substantial discount from the regular $9.60 price, the manager of the Brake Division believes the price concession is necessary if his division is to get the contract for the airplane brake units. He has heard "through the grapevine" that the airplane manufacturer plans to reject his bid if it is more than $57 per brake unit. Thus, if the Brake Division is forced to pay the regular $9.60 price for the X52 fitting, it will either not get the contract or it will suffer a substantial loss at a time when it is already operating at only 50% of capacity. The manager of the Brake Division argues that the price concession is imperative to the well-being of both his division and the company as a whole.
Weller Industries uses return on investment (ROI) to measure divisional performance.
Required:
1. Assume that you are the manager of the Electrical Division.
a. What is the lowest acceptable transfer price for the Electrical Division?
b. Would you supply the X52 fitting to the Brake Division for $7.60 each as requested?
2. Assuming the airplane brakes can be sold for $57, what is the financial advantage (disadvantage) for the company as a whole (on a per unit basis) if the Electrical Division supplies fittings to the Brake Division?
3. In principle, within what range would the transfer price lie?
1a. The lowest acceptable transfer price for the Electrical Division would be the variable manufacturing cost of the X52 fitting, which is $5.11.
1b. As the manager of the Electrical Division, I would not supply the X52 fitting to the Brake Division for $7.60 each.
2. Supplying the fittings to the Brake Division would result in a financial advantage of $1.03 per brake unit for the company as a whole.
3. In principle, the transfer price should lie within the range of the variable manufacturing cost of the X52 fitting ($5.11) to the regular selling price to external customers ($9.60).
1a. The lowest acceptable transfer price for the Electrical Division would be the variable manufacturing cost of the X52 fitting, which is $5.11. This price ensures that the Electrical Division covers its direct costs and maintains a positive contribution margin on each fitting sold to the Brake Division.
1b. As the manager of the Electrical Division, I would not supply the X52 fitting to the Brake Division for $7.60 each. While the Brake Division's request represents a substantial discount from the regular price, it falls below the lowest acceptable transfer price calculated in question 1a. Selling below the variable manufacturing cost would result in a negative contribution margin for the Electrical Division, leading to a loss on each unit sold. This would negatively impact the division's profitability and return on investment (ROI).
2. If the X52 fittings are supplied to the Brake Division and the airplane brakes can be sold for $57 each, the financial advantage for the company as a whole would be the contribution margin per brake unit. The contribution margin per brake unit can be calculated as follows:
Contribution margin per brake unit = Sales price per brake unit - Total cost per brake unit
Contribution margin per brake unit = $57 - $55.97 = $1.03
Therefore, supplying the fittings to the Brake Division would result in a financial advantage of $1.03 per brake unit for the company as a whole.
3. In principle, the transfer price should lie within the range of the variable manufacturing cost of the X52 fitting ($5.11) to the regular selling price to external customers ($9.60).
This range takes into consideration the cost incurred by the Electrical Division to produce the fitting and ensures that the division remains profitable and achieves an acceptable ROI.
Additionally, the transfer price should be set in a way that provides a fair allocation of costs and promotes the overall financial performance of the company as a whole.
Factors such as market conditions, divisional capacities, and strategic considerations may also influence the determination of the transfer price within this range.
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What is the nationality of Airbus? What is the most daring
venture Airbus is currently undertaking? provide some detail. What
are Boeing's responses to Airbus's global venture?
Airbus is a multinational company with its headquarters located in Toulouse, France.
As for the most daring venture Airbus is currently undertaking, it is the development of the Airbus A321XLR (Extra Long Range). This aircraft aims to provide airlines with enhanced range capabilities, allowing them to operate more direct long-haul routes and reach new markets. The A321XLR is designed to be fuel-efficient and versatile, catering to both low-cost carriers and traditional airlines.
Boeing, as a competitor to Airbus, has responded to Airbus's global venture by developing its own long-range aircraft called the Boeing 777X. The 777X series incorporates technological advancements and features to compete with the A321XLR. Boeing's response focuses on offering improved efficiency, range, and passenger comfort, aiming to capture market share in the long-haul segment. Additionally, Boeing continues to enhance its existing aircraft models to remain competitive in the global aviation market.
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Is understanding the framework of Syed and Ozhilgin essential to
manage diversity in a workplace?
Organizations to adopt a holistic and comprehensive approach to diversity management, tailoring strategies to their specific context and continuously evaluating and adapting their practices.
Managing diversity in the workplace is crucial for creating an inclusive and equitable environment where employees from diverse backgrounds can thrive. It involves adopting strategies and practices that value and embrace individual differences such as race, ethnicity, gender, age, religion, sexual orientation, and disability.
Education and Awareness: Promote education and awareness about diversity and its importance in the workplace. This includes training programs, workshops, and resources that help employees understand and appreciate different perspectives and experiences.Inclusive Policies and Practices: Develop policies and practices that promote equal opportunities, fairness, and inclusion. This may involve implementing non-discrimination policies, creating flexible work arrangements, providing reasonable accommodations for employees with disabilities, and ensuring diverse representation in decision-making processes.Leadership Commitment: Leadership plays a crucial role in setting the tone for diversity management. Leaders should demonstrate a commitment to diversity by fostering an inclusive culture, promoting diversity in hiring and promotion decisions, and holding individuals accountable for creating an inclusive work environment.Employee Engagement and Participation: Encourage employee engagement and participation by creating opportunities for open dialogue, feedback, and collaboration. This can be achieved through employee resource groups, diversity councils, or regular employee surveys to gather input and address concerns.Bias Awareness and Mitigation: Raise awareness about unconscious biases and provide tools and resources to mitigate their impact. This may involve training programs on bias awareness, diverse candidate sourcing and selection processes, and promoting fair performance evaluation systems.Mentoring and Career Development: Implement mentoring and career development programs that provide equal opportunities for growth and advancement. This includes offering mentoring relationships, sponsorship programs, and training initiatives to support employees from underrepresented groups.Evaluation and Measurement: Regularly assess and measure the effectiveness of diversity initiatives and programs. Collect data on diversity metrics, employee satisfaction, retention rates, and representation at different levels of the organization to identify areas for improvement and track progress.Learn more about diversity management here
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Questionable Jurisdiction over Caterpillar
James Lewis, a resident of Kentucky, sustained an injury while operating a Caterpillar bulldozer. He filed suit against Caterpillar, a company incorporated in Delaware but with its principal place of business in Illinois. Lewis also filed suit against the supplier of the bulldozer, Whayne Supply Company, whose principal place of business was Kentucky. Lewis filed his case in a Kentucky state court, alleging defective manufacture, negligence, failure to warn, and breach of warranty. Lewis and Whayne Supply Company agreed to settle out of court. Caterpillar then filed a motion to exercise its right of removal (its right to move the case from the state to the federal court system), arguing that the federal court had jurisdiction over the case because Caterpillar and Lewis were from different states. Lewis disagreed with Caterpillar’s contention, claiming that because he had not completed his settlement with Whayne, the case still included a defendant (Whayne) from Lewis’s state, Kentucky. Thus, Lewis argued, federal courts did not have jurisdiction over the case.
The court agreed with Caterpillar’s argument and moved the case to a federal district court. Shortly thereafter, Lewis and Whayne finalized their settlement agreement, and the district court dismissed Whayne from the lawsuit. The federal district court granted Caterpillar a favorable judgment. Lewis, however, appealed the district court’s decision, renewing his argument that the district court did not have jurisdiction over the case. The court of appeals agreed with Lewis, holding that because Whayne was a defendant in the case at the Page 40time that Caterpillar moved the case from state to federal court, the diversity of citizenship necessary to give the federal court jurisdiction over the case was absent. Thus, a state court should have resolved the dispute. Consequently, the appellate court vacated the district court’s decision. Caterpillar then appealed to the U.S. Supreme Court.
Question 1: What factors determine whether the state or federal court system hears a case?
Question 2: If you were a businessperson with Caterpillar, why might you prefer a federal court to hear the dispute with Lewis instead of a state court?
The factors that determine whether a case is heard in the state or federal court system include the nature of the legal claim, the parties involved, the subject matter of the case, and the jurisdictional requirements.
In this specific case involving Caterpillar, the issue of jurisdiction was contested, and the courts had to determine whether the federal court or state court had the authority to hear the case.
1. The factors that determine whether a case is heard in state or federal court include the following:
a. Nature of the legal claim: Some claims are exclusively within the jurisdiction of federal courts, such as cases involving federal laws or constitutional issues, while others fall under the jurisdiction of state courts.
b. Parties involved: If the parties are from different states and the amount in dispute exceeds a certain threshold (currently $75,000), the case may be eligible for federal court jurisdiction based on diversity of citizenship.
c. Subject matter of the case: Certain types of cases, such as bankruptcy, intellectual property disputes, or federal crimes, fall under the jurisdiction of federal courts.
d. Jurisdictional requirements: Each court system has specific requirements regarding jurisdiction, venue, and procedural rules that need to be satisfied for a case to be heard in that particular court.
2. As a businessperson with Caterpillar, there could be several reasons for preferring a federal court to hear the dispute with Lewis instead of a state court:
a. Consistency: Federal courts often provide a more uniform and consistent application of federal laws and regulations, which may be advantageous for a national or multinational company like Caterpillar.
b. Expertise: Federal judges may have specialized knowledge and experience in complex legal matters, making them more suitable to handle intricate issues involved in the case.
c. Perceived fairness: Some businesses may believe that federal courts offer a more impartial and objective forum compared to state courts, especially if there are concerns about local biases or influences.
d. Efficiency: Federal courts generally have well-established procedures and resources to manage cases efficiently, which can result in faster resolution and potentially reduce litigation costs.
However, the preference for a federal court may vary depending on the specific circumstances of the case and the strategies of the parties involved.
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Which of the following statements regarding dependents is false? O A taxpayer may be allowed to claim another as a dependent even if the taxpayer has no family relationship with the other person To qualify as a dependent of another, an individual must be a resident of the United States An individual who qualifies as a dependent of another taxpayer may not claim any dependents An individual cannot qualify as a dependent of another as a qualifying relative taxpayer if the individual's gross income exceeds a certain amount
The false statement regarding dependents is: "A taxpayer may be allowed to claim another as a dependent even if the taxpayer has no family relationship with the other person."
In order to claim someone as a dependent, there must be a qualifying relationship between the taxpayer and the dependent. The Internal Revenue Service (IRS) has specific rules and criteria that determine who can be claimed as a dependent. One of the key requirements is the existence of a qualifying relationship, which typically involves a family connection. The relationship can be a child, sibling, parent, grandparent, or another close relative.
The IRS also provides certain exceptions where a non-relative can be claimed as a dependent, but this generally requires meeting additional residency requirements. For example, an individual who is not related to the taxpayer can be claimed as a dependent if they have lived with the taxpayer for the entire year and meet all the other qualifying criteria, such as not providing more than half of their own support.
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The following data relates to Laurier Inc. Total assets, December 31 , year 1142000 Total assets, December 31 , year 2353000 Total liabilities, December 31 , year 174000 Total liabilities, December 31 , year 262000 Sales for year 21280000 Income for year 260000 Calculate the total asset turnover rate for year 2. Round your answer to two digits. Your Answer:
The total asset turnover rate for Laurier Inc. in year 2 is 17.5. This means that the company generated $17.5 in sales for every $1 in total assets.
The total asset turnover rate is calculated by dividing sales by total assets.
In this case, sales for year 2 were $1280000 and total assets at the end of year 2 were $353000.
Therefore, the total asset turnover rate is 1280000 / 353000 = 17.5.
The total asset turnover rate is a measure of how efficiently a company is using its assets to generate sales.
A higher total asset turnover rate indicates that the company is using its assets more efficiently. In this case, Laurier Inc.'s total asset turnover rate of 17.5 is considered to be good.
Here are some factors that can affect a company's total asset turnover rate:
The type of industry the company is in.
The company's business model.
The company's management efficiency.
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Mr. Schmidt purchased 250 shares of Doss Limited on February 1 of the current year for $20 per share. On May 1 of the current year, he purchased 100 more shares for $25 per share. On June 20 of the current year, Mr. Schmidt selis 100 shares for $15 per share. His allowable capital loss on June 20 is $643. True or False
The statement "Mr. Schmidt's allowable capital loss on June 20 is $643" is true. The computation of the allowable capital loss is as follows:
Computation of the cost of 100 shares bought on May 1:Cost = Number of shares × Price per share = 100 × $25 = $2,500The total cost of the 350 shares:On February 1 = 250 × $20 = $5,000On May 1 = 100 × $25 = $2,500Total cost = $5,000 + $2,500 = $7,500The sale price of 100 shares on June 20 is $15 per share. Hence, the proceeds from the sale is:Proceeds = Number of shares × Price per share = 100 × $15 = $1,500The capital loss is the difference between the total cost of 350 shares and the proceeds from the sale of 100 shares.Capital loss = Total cost - Proceeds = $7,500 - $1,500 = $6,000To get the allowable capital loss, the capital loss is reduced by half of the difference between the purchase price on February 1 and the purchase price on May 1, which is the holding period from February 1 to May 1.Loss after adjustment for holding period = $6,000 - 0.5 × (100 × ($25 - $20))= $6,000 - $250 = $5,750The allowable capital loss is $5,750. Hence, the statement is true.
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- no handwriting
- 1000 words
1. The term known as "strategic accountants" has emerged recently. How have the roles of "traditional accountants" changed? (Total / Jumlah: 20)
The roles of traditional accountants have expanded and evolved due to the emergence of strategic accountants.
Traditional accountants have undergone significant changes in their roles and responsibilities with the emergence of strategic accountants. While traditional accountants primarily focused on financial reporting, bookkeeping, and compliance, strategic accountants now play a more proactive and strategic role within organizations. They go beyond the traditional functions and actively participate in decision-making processes, providing valuable insights and analysis to drive business growth.
Strategic accountants are involved in developing and implementing financial strategies to achieve organizational objectives. They collaborate with different departments and stakeholders to understand the overall business goals and align financial plans accordingly. By analyzing financial data and performance metrics, they identify opportunities for cost reduction, revenue enhancement, and risk mitigation.
Furthermore, strategic accountants are responsible for forecasting and budgeting, assisting in the evaluation of investment projects, and conducting financial analysis to support strategic decision-making. They provide timely and accurate financial information to management, enabling them to make informed decisions and seize market opportunities. This expanded role requires strategic accountants to possess strong analytical, communication, and problem-solving skills, along with a deep understanding of business operations.
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What is the legal form of a recycling business? Why did you pick
this particular form? What will be the organizational structure
that you would like to adapt? why?
The legal form of a recycling business can vary depending on various factors, but a common choice is a Limited Liability Company (LLC).
A recycling business often chooses the legal form of an LLC due to its advantages. An LLC provides limited liability protection, separating the business owner's personal assets from the company's liabilities. This protects the owner's personal wealth in case of any legal issues or financial difficulties faced by the business. Additionally, an LLC offers flexibility in terms of management and ownership structure, allowing for easy adaptation to changing business needs and the inclusion of multiple owners if desired. Furthermore, an LLC can provide potential tax benefits, such as pass-through taxation, where profits and losses flow through to the owners' personal tax returns, avoiding double taxation.
Regarding the organizational structure, a recycling business would benefit from a functional structure. This structure divides the business into different departments based on functions such as operations, finance, marketing, and administration. This allows for specialized roles and expertise in each area, improving efficiency and effectiveness. The functional structure also facilitates coordination and communication within each department, enabling streamlined operations and clear reporting lines. As a recycling business involves various aspects like collection, sorting, processing, marketing, and administrative functions, a functional structure ensures each area is managed effectively, promoting smooth operations and the achievement of business goals.
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A discipline letter should be
prepared whenever a verbal warning is given
unsigned
copied to the Ontario Labour Ministry
specific as to the expected change in performance
destroyed after the next annual performance review
A discipline letter should be specific about the expected change in performance whenever a verbal warning is given.
A discipline letter should be specific as to the expected change in performance whenever a verbal warning is given. A discipline letter is a written warning to an employee about his or her job performance or misconduct. A discipline letter should be specific about the expected change in performance and should be written in a professional and polite tone, but should also be firm and assertive to convey the seriousness of the situation.
A discipline letter may be given when an employee's behavior or performance is unacceptable and may lead to more serious consequences if not corrected. A discipline letter should clearly state the problem that needs to be addressed and provide specific examples of the employee's poor performance or misconduct. The letter should also specify the expected changes in performance and a deadline by which the employee should improve. Finally, the letter should clearly state the consequences that will follow if the employee does not improve, such as further disciplinary action or termination of employment.
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