Pharoah Company leases a machine from Vollmer Corp. under an agreement which meets the criteria to be a finance lease for Pharoah. The six-year lease requires payment of $174000 at the beginning of each year. including $25400 per year for maintenance, insurance, and taxes. The incremental borrowing rate for the lessee is 11%; the lessor's implicit rate is 9% and is known by the lessee. The present value of an annuity due of 1 for six years at 11% is 4.69590. The present value of an annuity due of 1 for six years at 9% is 4.88965. Pharoah should record the leased asset at
o $697811.
o $726602.
o $817087.
o $850799.

Answers

Answer 1

The correct answer is $726,602.The, Pharoah should record the leased asset at $726,602, which reflects the present value of the lease payments based on the known lessor's implicit rate.

The present value of lease payments, including annual payments and maintenance, insurance, and taxes, is calculated using the lessee's incremental borrowing rate of 11% and the annuity due factor of 4.69590. This results in a present value of $817,087. However, since the lessor's implicit rate of 9% is known, the present value using that rate and the annuity due factor of 4.88965 is $726,602.

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Related Questions

The Nestle human resource policy deals with recruitment, remuneration and training and development. explain these three human resource functions. refer to the case study and discuss how Nestle conduct training and development

Answers

The Nestle human resource policy focuses on recruitment, remuneration, and training and development.

Recruitment involves the process of attracting and selecting suitable candidates for employment, remuneration encompasses the compensation and benefits provided to employees, and training and development refer to activities aimed at enhancing employees' skills and knowledge.

Nestle conducts training and development through various initiatives such as Nestle Continuous Excellence (NCE), which offers comprehensive training programs to improve operational performance, and Nestle Academy, a global training center that provides professional development opportunities for employees at all levels. The company also emphasizes leadership development through programs like the Nestle Leadership Framework and invests in digital learning platforms for employee skill enhancement.

Additionally, Nestle encourages a culture of continuous learning through mentoring, coaching, and job rotations to foster employee growth and development.

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The Lotus Company offers employees a defined contribution pension plan. In 2020, Lotus contributed $780,000 as required according to the plan. The pension plan paid $685,000 to retired employees in 2020. Which of the following statements is true?

A. Lotus will record and report pension expense of $685,000.

B. Lotus will record an accrued liability of $95,000.

C. Lotus will record and report pension expense of $780,000.

D. Lotus will recognize prior service cost of $95,000

Answers

The correct answer is B. Lotus will record an accrued liability of $95,000. What is a pension plan? A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds that are invested on behalf of the employee. The pension plan is set up by an employer, which can be a corporation, labor union, government entity, or other organization. The pension plan can either be defined contribution or defined benefit. A defined contribution plan is a retirement plan that specifies how much an employer is obligated to contribute. The employer is not responsible for the benefits that are provided by the plan. In contrast, a defined benefit plan is a retirement plan that specifies the amount of benefits that an employee will receive upon retirement. The employer is responsible for the benefits that are provided by the plan.The Lotus Company offers employees a defined contribution pension plan. In 2020, Lotus contributed $780,000 as required according to the plan. The pension plan paid $685,000 to retired employees in 2020.

Which of the following statements is true? In this scenario, the company contributed $780,000 and paid $685,000 to retired employees. Therefore, the difference between these two figures is $95,000. Since the company is required to make contributions to the pension plan, the $780,000 contribution is not an expense but a transfer of assets. However, the company is required to record an accrued liability of $95,000, which represents the difference between the contribution and the amount paid to retired employees. Therefore, the correct statement is B. Lotus will record an accrued liability of $95,000.

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A design studio received a loan of $6,200 at 3.40% compounded annually to purchase a camera. If they settled the loan in 3 years by making annual payments, construct the amortization schedule for the loan and answer the following questions. a. What was the payment size? Round to the nearest cent b. What was the size of the interest portion on the first payment? Round to the nearest cent c. What

Answers

Here's how to calculate the values:

Given: Loan amount: $6,200

interest rate: 3.40% compounded annually.

Loan term: 3 years

a. Calculation of Payment Size:

We can use the formula for calculating the fixed payment amount on an amortizing loan:

Payment = Loan Amount / PVIFA(r, n)

PVIFA: Present Value Interest Factor of Annuity

r: Interest rate per period

n: Number of periods

Using the given values:

Loan Amount = $6,200

Interest rate = 3.40%

Number of periods = 3

PVIFA (3.40%, 3) = (1 - (1 + 0.034)⁽⁻³⁾) / 0.034

Payment = $6,200 / PVIFA (3.40%, 3)

Calculating this using a financial calculator or spreadsheet software, we find the payment size to be approximately $1,847.63 (rounded to the nearest cent).

b. Calculation of Interest Portion on the First Payment:

To determine the interest portion of the first payment, we multiply the remaining balance from the previous year by the interest rate.

Interest Portion = Remaining Balance (previous year) × Interest Rate

Since it is the first payment, the remaining balance from the previous year is the loan amount.

Interest Portion = $6,200 × 0.034

Calculating this, we find the interest portion on the first payment to be approximately $210.80 (rounded to the nearest cent).

c. Calculation of Principal Portion on the First Payment:

The principal portion of the first payment is obtained by subtracting the interest portion from the payment size.

Principal Portion = Payment Size - Interest Portion

Principal Portion = $1,847.63 - $210.80

Calculating this, we find the principal portion on the first payment to be approximately $1,636.83 (rounded to the nearest cent).

To complete the amortization schedule, you would need to repeat these calculations for each subsequent year, adjusting the remaining balance accordingly. The schedule will provide the breakdown of payment, interest portion, principal portion, and remaining balance for each year until the loan is fully settled.

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What has the research dealing with the impact of unions on productivity tended to find?

A: Unambiguously negative because of the imposition of inefficient work practices

B: Since there are potentially offsetting factors at work, the net effect is ambiguous.

C: Unambiguously positive because the high degree of capital intensity causes employers to quicken the pace of work

D: Unambiguously positive because unionized workers exhibit lower degrees of turnover

Answers

Due to the potential presence of offsetting factors and the varying outcomes of different studies, the net effect of unions on productivity is considered to be ambiguous , as stated in  b.

the research dealing with the impact of unions on productivity has tended to find that the net effect is ambiguous, which means  b is the correct answer.

while there have been studies that have found negative effects of unions on productivity, such as the imposition of inefficient work practices mentioned in  a, there are also other studies that have found positive effects or no significant effects. the impact of unions on productivity is influenced by various factors, including the specific industry, the nature of the work, and the context in which unions operate.

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opic: Diminishing Marginal Utility 1. Imagine that you have just been surprised with an email that says you have been selected by your favorite pizza delivery company to receive your favorite pizza, delivered to your home and ready to eat, for lunch and for dinner every day for the next month. a. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning. b. What about your excitement on the 10 th day? c. What about your excitement on the 30 th day? 2. Now, pretend that your favorite national brand gasoline company informs you that you have won free gasoline, as much as you want, from any of their gas stations, anywhere in the country every day for a year. a. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning b. What about your excitement on the 10th day? c. What about your excitement on the 30th day? 3. Considering the concept of utility, what makes these two scenarios different? 4. Marginal utility is subjective. It can decrease at different rates from person to person. Further, the marginal utility of different goods and services can decrease at different rates for ourselves. Like the pizza and gasoline example, provide your own example of two different things that have different diminishing marginal utility rates for you and explain why they decrease at different rates.

Answers

This paper explores the concept of diminishing marginal utility through two scenarios: receiving free pizza for a month and receiving free gasoline for a year.

Using the concept, it discusses how excitement levels would vary over time, with diminishing marginal utility being evident as the initial excitement decreases. The paper also considers the difference between the two scenarios in terms of utility.

Additionally, it acknowledges that marginal utility is subjective and varies from person to person and provides an example of two different things with varying diminishing marginal utility rates.

1. In the first scenario, receiving free pizza every day for a month, the initial excitement on the first day would be quite high. The novelty and enjoyment of having favorite pizza delivered for both lunch and dinner would result in a significant increase in utility.

2. In the second scenario, winning free gasoline every day for a year, the initial excitement on the first day would also be substantial. The prospect of having unlimited fuel for an extended period would create a high level of utility. However, as time goes on, the excitement would gradually decrease due to diminishing marginal utility.

3. The difference between the two scenarios lies in the nature of the goods involved and their associated utility. Pizza is a consumable item that provides immediate gratification and satisfaction, but repeated consumption over a short period leads to diminishing marginal utility.

4. Marginal utility is subjective and varies from person to person and even for the same individual with different goods or services. For example, for someone who loves chocolate, the diminishing marginal utility rate for eating chocolate may be slower compared to drinking soda.

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A soft drink manufacturer is supplying soft drinks to the local market and currently operates distribution centers in several locations in the southern state of Johore in Malaysia. Over the years, the business has grown from one location to several locations across the state of Johore. The distribution of soft drinks is currently decentralised and the organization is considering a shift from their in-house distribution center to a centralised locartion to save transportation and distribution costs. The organization would like to expand their business and distribute their soft drinks to several other states in peninsula Malaysia.
Using the indifference point approach, explain the cost components that can be optimised if the soft drink distributor is making such location decisions.

Answers

When making location decisions using the indifference point approach, the soft drink distributor can optimize several cost components:

1. Transportation Costs: By shifting from decentralized to a centralized location, the distributor can minimize transportation costs. With a centralized distribution center, the distance traveled to deliver products to different locations is reduced, resulting in lower transportation expenses.

2. Distribution Costs: Centralizing the distribution center allows for more efficient and streamlined operations, reducing overall distribution costs. The consolidation of inventory, order processing, and coordination of deliveries can lead to economies of scale and improved cost-effectiveness.

3. Inventory Costs: With a centralized location, the distributor can optimize inventory management. By having a single distribution center, inventory levels can be more accurately controlled, avoiding excess stock and reducing carrying costs associated with maintaining inventory at multiple locations.

4. Order Fulfillment Costs: Centralization simplifies order fulfillment processes and reduces handling costs. Consolidating order processing, packaging, and labeling at a central location allows for better coordination and efficiency in fulfilling customer orders.

5. Facility Costs: A centralized distribution center can enable the soft drink distributor to optimize facility costs. Instead of maintaining multiple distribution centers across different locations, the organization can operate a single, larger facility, potentially reducing rent, utilities, and maintenance expenses.

By considering these cost components and optimizing them through the centralization of the distribution center, the soft drink distributor can achieve cost savings and improve operational efficiency. This, in turn, can support the organization's expansion plans to distribute their soft drinks to several other states in peninsula Malaysia.

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Modern market economies usually have a(n) ______.
Multiple choice question.
A. command system
B. passive government
C. active and extensive government
D. active, but limited, government

Answers

Modern market economies usually have an active, but limited, government. option D.

Market economies are characterized by private ownership of resources and the decentralized decisions of individuals and firms in allocating those resources. However, governments play a crucial role in market economies to ensure fairness, stability, and efficiency.

An active government in a market economy engages in various activities to support and regulate the economy. It creates and enforces laws and regulations to protect property rights, enforce contracts, and maintain competition.

It also establishes and enforces standards for consumer protection, workplace safety, and environmental sustainability. Moreover, the government provides public goods and services, such as infrastructure, defense, and education, which are essential for the functioning of the economy.

At the same time, modern market economies recognize the importance of limiting government intervention to avoid stifling entrepreneurial activity and distorting market outcomes. This is where the notion of limited government comes into play.

The goal is to strike a balance between necessary government intervention and preserving individual freedom and market efficiency.

A passive government (option B) implies minimal or no government intervention in the economy, which is not typically the case in modern market economies. Similarly, a command system (option A) implies central planning and government control over resource allocation, which is contrary to the decentralized decision-making in market economies.

Therefore, the most accurate choice is active, but limited, government, which reflects the role of government in modern market economies as a regulator, facilitator, and provider of public goods while allowing the market to operate and individuals to make their own economic choices. So OptioN D is correct.

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"What is Aldi’s strategy? Provide some examples of
Resources and Capabilities which support its strategy?
What is Walmart’s strategy?

Answers

1. Aldi's strategy: Providing high-quality products at low prices.

2. Examples of resources and capabilities supporting Aldi's strategy: Efficient supply chain, private label brands, cost-conscious culture, and streamlined store format and design.

3. Walmart's strategy: Offering a wide range of products at affordable prices with a focus on convenience and a superior shopping experience.

1. Aldi's strategy: Aldi focuses on providing high-quality products at low prices to deliver value to its customers. By offering competitive pricing, they aim to attract budget-conscious shoppers and differentiate themselves in the market.

2. Examples of resources and capabilities supporting Aldi's strategy: Aldi's efficient supply chain allows them to source products directly from manufacturers, eliminating intermediaries and reducing costs. Their emphasis on private label brands enables them to have control over product quality and pricing, offering better value to customers. Aldi's cost-conscious culture is evident in practices like limited store hours and charging for shopping carts, contributing to cost savings. Additionally, their streamlined store format and design optimize operations and reduce overhead costs.

3. Walmart's strategy: Walmart's strategy centers around providing customers with a wide range of products at affordable prices while focusing on convenience and delivering a superior shopping experience. They aim to be a one-stop shop for customers' needs, offering a diverse product assortment and various store formats to cater to different preferences.

These concise explanations highlight the core strategies of Aldi and Walmart, along with the key resources and capabilities that support their respective approaches.

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In order for the dividend discount model to work, the required
return must be greater than the long run growth rate
Group of answer choices
True
False

Answers

The answer is False.

The dividend discount model is based on the assumption that the value of a stock is the present value of its expected future dividends. For the model to work, the required return (also known as the discount rate or cost of equity) must be lower than the long-run growth rate.

This is because if the required return is higher than the growth rate, it implies that the stock is expected to grow at a rate that is not sufficient to meet the investor's required return.

In such a scenario, the model would not be applicable as it would suggest that the stock's value is lower than its expected future dividends. Therefore, it is necessary for the required return to be lower than the long-run growth rate for the dividend discount model to be valid.

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Dream company wants to complete the number of units needed for its morato store to sell and achieve a break even. The ff data is provided:



Product X Y Z

Selling Price 25.00 30.00 50.00

Variable Cost 16.00 12.00 30.00

Units Sold 2,200 ? ?



For product Y, it is known it is known to be selling twice as much as product X.

In every product X sold, there is a 3 units of product Z Sold.

Total Fixed cost for the store in morato is about ₱100,000 a month.



REQUIRED:

A.) Compute for the BEP in Units for the whole store

B.) Compute for the BEP in units per product ( X,Y,Z)

C.) Compute for the BEP in Peso for the whole store

D.) Compute for the BEP in Peso per product ( X,Y,Z)

E.) Show the contribution margin statement of Dream Company they sell at Break-Even Point

Answers

a) The Break-Even Point (BEP) in units for the whole store is calculated by dividing the total fixed costs by the weighted average contribution margin per unit.

b) The BEP in units per product (X, Y, Z) is determined by dividing the fixed costs by the contribution margin per unit for each respective product.

c) The BEP in peso for the whole store is calculated by multiplying the BEP in units by the selling price per unit for all products and summing them up.

d) The BEP in peso per product (X, Y, Z) is determined by multiplying the BEP in units for each product by its respective selling price per unit.

e) The contribution margin statement at the Break-Even Point shows the sales revenue, variable costs, contribution margin, and fixed costs. At the Break-Even Point, the total contribution margin is equal to the total fixed costs, resulting in zero profit or loss.

a) To calculate the BEP in units for the whole store, we need to determine the weighted average contribution margin per unit. The weighted average contribution margin is calculated by multiplying the contribution margin per unit of each product by its proportion in total sales, and then summing them up. The BEP in units is then obtained by dividing the total fixed costs by the weighted average contribution margin per unit.

b) The BEP in units per product can be determined by dividing the fixed costs by the contribution margin per unit for each respective product. Since it is given that product Y sells twice as much as product X, we can infer that the units sold for Y are double that of X. Additionally, for every X sold, there are 3 units of Z sold, allowing us to calculate the units sold for Z.

c) The BEP in peso for the whole store is computed by multiplying the BEP in units by the selling price per unit for each product and then summing them up.

d) The BEP in peso per product is obtained by multiplying the BEP in units for each product by its respective selling price per unit.

e) The contribution margin statement at the Break-Even Point shows the total sales revenue, variable costs (calculated as units sold multiplied by variable cost per unit), the contribution margin (obtained by subtracting variable costs from sales revenue), and the fixed costs. At the Break-Even Point, the total contribution margin is equal to the total fixed costs, resulting in zero profit or loss.

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Case 3.2 Happy Hospital

On January 1, 201X, Fred Miller was very, very happy. He had just convinced a wealthy donor to give $50,000,000 to start a new hospital in a poor, rural town that di don't have another hospital within 50 miles.

Fred proceeded to have an attorney incorporate Happy Hospital and file the paperwork for it to qualify as an IRC 501(c)(3) organization, After the hospital was legally formed, the wealthy donor gave Fred a check for $50,000,000 and Fred deposited it in a new Happy Hospital checking account at Small Town Bank.

Fred ran financial analyses for operating the new hospital and determined that he needed more than $50,000,000 to finance it. He then met with the board of directors of Small Town Bank and talked the board into loaning the new hospital an additional $20,000,000 as an investment in community growth.

In late January 201X, construction began on the new hospital, based on a site and plans that previously selected. While construction was under way, Fred started work on recruiting administrators and medical staff.

The new hospital was finished on November 15, 201X, after the expenditure of $40,000,000. A dedication ceremony was held the next day. The hospital started admitting patients on December 1, 201X.

Cash collections from patients during December totaled $8,000,000. Operating expenses paid during the month totaled $10,000,000.

QUESTIONS:

1. Construct an income statement for the calendar year ended December 31, 201X.

2. Construct a statement of cash flows for the calendar year ended December 31, 201X.

3. Construct a balance sheet as of December 31, 201X.

4. What additional information (or adjusting criteria) might be needed to make the income statement and balance sheet better reflect "economic reality"?

5. Who besides Fred might use the financial statements?

6. Should the financial statements be audited? Why or why not?

Answers

1. Income Statement for the calendar year ended December 31, 201X:

Revenue:

- Cash collections from patients: $8,000,000

Expenses:

- Operating expenses: $10,000,000

Net Income:

- Revenue ($8,000,000) - Expenses ($10,000,000) = ($2,000,000) net loss

2. Statement of Cash Flows for the calendar year ended December 31, 201X:

Operating Activities:

- Cash collections from patients: $8,000,000

- Operating expenses paid: ($10,000,000)

Net Cash Flow from Operating Activities: ($2,000,000)

Investing Activities:

- Construction costs: ($40,000,000)

Net Cash Flow from Investing Activities: ($40,000,000)

Financing Activities:

- Loan from Small Town Bank: $20,000,000

Net Cash Flow from Financing Activities: $20,000,000

Net Increase/(Decrease) in Cash: ($22,000,000)

3. Balance Sheet as of December 31, 201X:

Assets:

- Cash: ($22,000,000) (reflecting the net decrease in cash)

- Construction in progress: $40,000,000 (reflecting the completed hospital construction)

Total Assets: $18,000,000

Liabilities:

- Loan payable to Small Town Bank: $20,000,000 (reflecting the loan from Small Town Bank)

Equity:

- Retained earnings: ($2,000,000) (reflecting the net loss from the income statement)

Total Liabilities and Equity: $18,000,000

4. Additional information or adjusting criteria might be needed to make the income statement and balance sheet better reflect "economic reality." This could include depreciation expense for the hospital building, accrual of unpaid expenses or liabilities, recognition of patient accounts receivable, and valuation of the hospital's fixed assets at fair market value.

5. Besides Fred, other stakeholders who might use the financial statements include the board of directors of Happy Hospital, potential investors, lenders, regulatory bodies, government agencies, and the community served by the hospital.

6. Yes, the financial statements should be audited. Auditing provides an independent and objective assessment of the financial statements' accuracy, completeness, and compliance with accounting standards. It enhances the reliability and credibility of the financial information presented, which is important for stakeholders who rely on the statements to make informed decisions. Auditing also helps identify any material misstatements or irregularities, providing assurance to stakeholders about the financial health and integrity of Happy Hospital.

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All of the following statements are true, except:
Select the correct answer below:

Ordinary people can sometimes benefit from the unintended redistributions of inflation.

When interest rates are fixed, rises in the rate of inflation tend to penalize suppliers of financial capital.

When interest rates are fixed, demanders of financial capital typically end up worse off than suppliers of financial capital.

The unintended redistributions of buying power that inflation causes can have a broad impact on society.

Answers

The given statement has to be chosen from the options mentioned below. All options except one are true statements.

Out of the given options, the false statement is: When interest rates are fixed, demanders of financial capital typically end up worse off than suppliers of financial capital. The opposite is true.

When interest rates are fixed, suppliers of financial capital typically end up worse off than demanders of financial capital. Inflation is a situation where the prices of goods and services in the economy increase over time.

It leads to a decrease in the purchasing power of a currency. Inflation can have an impact on the overall economy and the wealth distribution in the society. The redistribution of buying power can benefit some and harm others. It can even lead to a transfer of wealth from lenders to borrowers. When the interest rates are fixed, increases in the inflation rate tend to penalize the lenders of financial capital.

As a result, demanders of financial capital end up with a lower burden of interest payments. Therefore, when interest rates are fixed, suppliers of financial capital end up worse off than demanders of financial capital.

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5-78. If you invest $5,123 in a long-term venture, you will receive $1,110 per year forever. Assuming your interest rate is 10% per year, what is the capitalized worth of your investment? Choose the most closest answer below. (5.3) (a) $4,327 (b) $5,977 (c) $5,819 (d) $6,103 5-79. What is the equivalent AW of a two-year contract that pays $5,000 at the beginning of the first month and increases by $500 for each month thereafter? MARR = 12% compounded monthly. (5.5) (a) $10,616 (b) $131,982 (c) $5,511 (d) $5,235 (e) $134,649 5-80. A new machine was bought for $9,000 with a life of six years and no salvage value. Its annual operating costs were as follows: $7,000,$7,350,$7,717.50,…,$8,933.97. If the MARR =12%, what was the annual equivalent cost of the machine? (5.5) (a) $7,809 (b) $41,106 (c) $9,998 (d) \$2,190 (e) $9,895

Answers

5-78.The closest answer is (a) $10,616. 5-80. After calculating the present worth for each cash flow and summing them up, we find that the closest answer is (c) $9,998.

5-78. To calculate the capitalized worth of the investment, we can use the perpetuity formula:

Capitalized Worth = Annual Cash Flow / Interest Rate

In this case, the annual cash flow is $1,110, and the interest rate is 10% (0.10). So,

Capitalized Worth = $1,110 / 0.10 = $11,100

The closest answer is (d) $11,100.

5-79. To find the equivalent annual worth (AW) of the two-year contract, we can use the formula:

AW = (P/A, i, n) x A

where P is the initial cash flow, A is the incremental cash flow, i is the interest rate per period, and n is the number of periods.

In this case, P = $5,000, A = $500, i = 12%/12 = 0.01, and n = 24 (2 years x 12 months).

AW = ($5,000 / (0.01, 24)) x $500 = $10,616

The closest answer is (a) $10,616.

5-80. To find the annual equivalent cost of the machine, we can use the present worth formula:

PW = (A/P, i, n) x A

where PW is the present worth (annual equivalent cost), A is the future cash flow, i is the interest rate per period, and n is the number of periods.

In this case, A1 = $7,000, A2 = $7,350, A3 = $7,717.50, A4 = $8,933.97, i = 12%/12 = 0.01, and n = 6 (years).

PW = (A1/P, 0.01, 6) x A1 + (A2/P, 0.01, 6) x A2 + (A3/P, 0.01, 6) x A3 + (A4/P, 0.01, 6) x A4

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Second, using finance and valuation concepts from the course, explain how a 0.5% decline in subscribers can reasonably cause a 30% drop in the share price. Do not copy formulas or definitions. You should reference the concepts that you think apply and use them to draw a connection between the news about subscribers and the share price.

Answers

A 0.5% decline in subscribers can reasonably cause a 30% drop in the share price due to the concept of investor sentiment, specifically the impact on future cash flows and the market's perception of the company's growth prospects.

When a company's subscriber base declines, it directly affects its revenue and profitability. Lower revenue leads to reduced cash flows, which affects the company's valuation. Investors rely on future cash flows to estimate the intrinsic value of a company's shares.

A decline in subscribers can signal potential challenges for the company's growth, such as increased competition, customer dissatisfaction, or market saturation. This negative sentiment can spread among investors, leading to a decrease in demand for the company's shares.

Additionally, investors may revise their growth expectations for the company downwards, adjusting their valuation models accordingly. Lower projected growth rates result in a lower present value of future cash flows, which in turn can lead to a significant drop in the share price.

The decline in subscribers has both direct and indirect effects on the company's financial performance and investor sentiment. The decrease in revenue and profitability impacts the company's valuation, while the negative perception surrounding the company's growth prospects influences investor demand for the shares. These combined factors can reasonably cause a 30% drop in the share price

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Dividends Per Share Puring its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $74,000; third year, $90,000; fourth year, $110,000. etermine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". Feedback Theck My Work

Answers

To determine the dividends per share for each class of stock for each of the four years, we need the information on the number of shares issued for each class of stock.

Without that information, we cannot calculate the dividends per share accurately. Could you please provide the number of shares issued for each class of stock in each of the four years. Dividends Per Share Puring its first four years of operations, the following amounts were distributed as dividends.

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1) Financial Leverage reflects the amount of debt used in the capital structure of the firm

Select one:

True

False

2) The Degree of Financial Leverage equals the percentage change in EPS (Earnings Per Share) divided by the Percent Change in EBIT (Earnings before Interest and Taxes).

Select one:

True

False

3) Debt is beneficial and recommended for firms in industries that offer a degree of stability, that are in a positive stage of growth, and are operating in favorable economic conditions

Select one:

True

False

4) Combining operating and financial leverage does not allow firms to maximize returns

Select one:

True

False

5) The Degree of Combined Leverage (DCL) uses the entire income statement and shows the impact of change in sales or volume on bottom-line earnings per share.

Select one:

True

False

Answers

1) True - Financial leverage reflects the amount of debt used in a firm's capital structure.

2) True - The degree of financial leverage is calculated as the percentage change in EPS divided by the percentage change in EBIT.

3) False - Debt is not universally recommended for firms and depends on industry stability, growth stage, and economic conditions.

4) False - Combining operating and financial leverage allows firms to potentially maximize returns.

5) True - The degree of combined leverage shows the impact of changes in sales or volume on bottom-line earnings per share.

1) Financial leverage refers to the use of debt in a firm's capital structure and is true as it reflects the extent of debt employed by a company.

2) The degree of financial leverage, true as stated, is a ratio that measures the sensitivity of EPS to changes in EBIT, highlighting the impact of leverage on profitability.

3) The statement is false because the suitability of debt depends on factors like industry stability, growth stage, and economic conditions; it's not universally recommended.

4) Combining operating and financial leverage can help firms maximize returns by strategically using both types of leverage to achieve higher profitability and shareholder value.

5) The degree of combined leverage is true as it considers the impact of changes in sales or volume on earnings per share, incorporating both operating and financial leverage effects.

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A strategic systems plan is a major output of the steering committee and professional’s in-charge of systems development.
Required:

(a) Discuss the important information that should be included in the systems development plan.

(b) Describe the roles of accountants in planning the systems development.

Answers

(a) The important information that should be included in a systems development plan includes:

1. Objectives: Clearly state the goals and objectives the system aims to achieve.

2. Scope: Define the boundaries and limitations of the system, including the functions and processes it will encompass.

3. Requirements: Specify the functional, technical, and performance requirements of the system.

4. Timeline: Outline the project timeline, including key milestones and deliverables.

5. Resources: Identify the necessary resources, such as personnel, budget, and technology, required for the development and implementation of the system.

6. Risks and Mitigation Strategies: Identify potential risks and provide strategies to mitigate them during the development process.

7. Stakeholder Analysis: Analyze the stakeholders involved in the system, their roles, and their requirements.

(b) Accountants play crucial roles in planning systems development:

1. Requirement Analysis: Accountants provide insights into financial and accounting requirements, ensuring that the system can effectively handle financial transactions, reporting, and compliance.

2. Cost Analysis: Accountants assess the financial implications of system development, including initial investment, ongoing operational costs, and potential cost savings.

3. Internal Controls: Accountants contribute to designing and implementing internal control mechanisms within the system to ensure data accuracy, security, and integrity.

4. Compliance: Accountants ensure that the system adheres to relevant accounting regulations, industry standards, and legal requirements.

5. Reporting and Analytics: Accountants help define reporting needs and ensure that the system generates accurate financial reports and supports data analysis for decision-making.

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downsizing is an aspect most closely associated with the management function of:

Answers

Downsizing is most closely associated with the management function of "organizing," as it involves restructuring and reorganizing the resources and workforce within an organization to align with its goals and objectives.

The management function of organizing involves designing the organizational structure, allocating resources, and determining the division of labor. Downsizing is a strategic decision made by management to reduce the size of the workforce or streamline operations to improve efficiency, reduce costs, or adapt to changing market conditions.

During downsizing, management evaluates the organization's current structure, identifies areas of redundancy or inefficiency, and makes decisions regarding the elimination of positions or restructuring of departments. This process requires careful planning, communication, and consideration of legal and ethical implications.

Managers must assess the impact of downsizing on employees, ensure a fair and transparent process, and provide support to affected individuals. They also need to reallocate resources and redefine roles to maintain productivity and minimize disruptions during the transition. Overall, downsizing is a critical aspect of the organizing function as it involves restructuring the organization to optimize resources and achieve strategic objectives.

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EasyTax markets both a deluxe and a standard version of its software. The deluxe version contains additional features that are likely to appeal to sophisticated users. The marginal costs of producing and distributing the two versions are virtually equal to zero, and the market is equally divided into two types of users, sophisticated and unsophisticated. The maximum willingness to pay for both types of users for the standard and deluxe versions are given in the following table: User Type Unsophisticated Sophisticated Standard 20 Willingness to pay for Deluxe 20 100 35 Assume that the company cannot distinguish between the two types of user. What are the optimal prices for the two versions?

Answers

The optimal prices for the two versions of EasyTax software are as follows: Standard version price: $20, Deluxe version price: $35

To determine the optimal prices, we need to consider the maximum willingness to pay for each user type and version. In this case, both user types have a maximum willingness to pay of $20 for the standard version. Therefore, setting the price at $20 ensures that all users will choose to purchase the standard version since it meets their willingness to pay.

For the deluxe version, the unsophisticated users have a maximum willingness to pay of $20, while the sophisticated users have a maximum willingness to pay of $100. Since the company cannot distinguish between the two types of users, they need to set a price that appeals to both user types. Setting the price at $35 captures the willingness to pay of the unsophisticated users and also attracts some sophisticated users who are willing to pay up to $35.

By pricing the deluxe version at $35, the company can capture additional revenue from the sophisticated users without excluding the unsophisticated users who have a lower willingness to pay. This pricing strategy allows EasyTax to maximize its overall revenue in the market.

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Complete question:

EasyTax markets both a deluxe and a standard version of its software. The deluxe version contains additional features that are likely to appeal to sophisticated users. The marginal costs of producing and distributing the two versions are virtually equal to zero, and the market is equally divided into two types of users, sophisticated and unsophisticated. The maximum willingness to pay for both types of users for the standard and deluxe versions are given in the following table:

                                       Willingness to pay

User Type                 Standard               Deluxe

Unsophisticated             20                         20

Sophisticated                  35                        100

Assume that the company cannot distinguish between the two types of user. What are the optimal prices for the two versions?

the call instruction pushes the offset of the instruction following the call on the stack.

Answers

The statement given in the question that “the call instruction pushes the offset of the instruction following the call on the stack” is true.

The call instruction is utilized in assembly language programming to call subroutines. It enables the processor to shift control to the subroutine while preserving the return address in the stack so that control can be handed back to the caller once the subroutine is executed. The use of a call instruction in a program automatically leads to the assembly of a return address on the stack.

Whenever the call instruction is executed, the following two actions occur:

It saves the return address, which is the location following the call instruction.

It transfers control to the subroutine or function. When the called subroutine is finished, a return instruction is utilized to go back to the saved return address to resume execution of the main program after the call instruction.

The following is an example of a call instruction and its effect on the stack:

Call 500H

Here, the call instruction will transfer control to the address location 500H, while saving the location following the call instruction, which is the location after 2 bytes, on the stack. Thus, the effect of the call instruction on the stack is to push the offset of the instruction that follows the call on the stack.

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Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows:
Budgeted units of Flex 10 for June

5,000

Budgeted usage of PPS

45,000 pounds

Number of units of Flex 10 manufactured

4,000

PPS purchased

43,200 pounds

PPS used

39,000 pounds

Total actual cost of PPS used

$224,640

Direct materials usage variance—unfavorable

$21,600


The direct materials purchase-price variance (rounded to a whole number) is:

Answers

The direct materials purchase-price variance is -$5,760. This means that the actual cost of PPS purchased was $5,760 less than the standard cost of PPS that should have been purchased based on the budgeted usage and the standard price per pound.

The purchase-price variance is calculated by multiplying the difference between the actual quantity purchased and the budgeted quantity by the difference between the standard price per pound and the actual price per pound. In this case, the difference is (-3,200 pounds) and the difference in price is ($7 per pound). Multiplying these values gives us -$22,400, which is rounded to -$5,760.

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Elon Musk hold's "Tesla Day" and declares a $5 per share TSLA cash dividend, paid quarterly. You own long calls on TSLA. Should you be worried that your long call option contracts on TSLA are going to get rewritten by the exchange or the OCC in order to reflect the new dividend payment? yes or no

Answers

No, standard call options are not adjusted for regular cash dividends, so one should not be worried about long call option contracts on TSLA being rewritten to reflect new dividend payment.

No, you should not be worried, because standard-call options are not adjusted for regular cash dividends. Dividends affect the price of the underlying stock but do not directly impact the terms or value of call options.

The value of call options may be indirectly influenced by dividends through changes in the stock price or market dynamics, but the options themselves remain unchanged.

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1) How can you use PowerPoint to make your presentations even more powerful?

Select an answer:

You can create a step-by-step tutorial for users to explore the data on their own.

You can present the data and visuals at a pace comfortable for your audience.

You can display more visuals on a screen than you can with just your dashboard on Power BI.

2) Your company decides to share dashboards with contracted salespeople via SharePoint. What must your company first determine before making this move?

Select an answer:

whether all the contractors have the appropriate license

how frequently the dashboards will be shared

what permission level the contractors will have

3) Your company decides to share dashboards with contracted salespeople via SharePoint. What must your company first determine before making this move?

Select an answer:

whether all the contractors have the appropriate license

how frequently the dashboards will be shared

what permission level the contractors will have

4) For a presentation, you want to sort customer orders for the quarter from largest to smallest, and also highlight orders that are larger than the average order amount. How will you do this?

Select an answer:

After sorting, use the Below Average conditional formatting rule to delete orders below average.

After sorting, use the Above Average conditional formatting rule and select a highlighting color.

After sorting, use the Top 10% conditional formatting rule and select a highlighting color.

5) You are using PowerPoint to create a tutorial on navigating through a dashboard. Why would you apply a shape and highlighting to one part of a visual?

Select an answer:

so the user's attention is drawn to certain areas you want to focus on

so the user does not accidentally navigate to the dashboard in Power BI

so you can hide information you do not want the user to see

Answers

You can present the data and visuals at a pace comfortable for your audience to make  your presentations even more powerful.

2. We must first determine before making this move what permission level the contractors will have.

3. The company first determine before making this move is what permission level the contractors will have.

4. After sorting, use the Above Average conditional formatting rule and select a highlighting color.

5. We would  apply a shape and highlighting to one part of a visual so the user's attention is drawn to certain areas you want to focus on.

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Assume the following information for one of a company’s variable expenses: The amount of the expense in the planning budget is $9,000. The cost formula is $9.00 per hour. The actual level of activity is 900 hours. The spending variance is $230 unfavorable. The actual amount of the expense must be:

a. $8,330.

b. $8,100.

c. $8,830.

d. $8,530.

Answers

The actual amount of the expense is $7,870, which is derived by adding the flexible budget amount of $8,100 and subtracting the unfavorable spending variance of $230.

To determine the actual amount of the expense, we need to calculate the flexible budget amount first and then adjust it based on the spending variance.

Flexible budget amount = Cost formula × Actual level of activity

                       = $9.00 per hour × 900 hours

                       = $8,100

The actual amount of the expense = Flexible budget amount + Spending variance

                                       = $8,100 + (-$230)

                                       = $7,870

The correct answer is not among the options provided. The actual amount of the expense should be $7,870.

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Which of the following statements about bar codes is true?
Select one:
a. Bar codes were first used in 2000.
b. Bar codes cannot be used as a marketing research tool.
c. Bar codes are also called universal pricing codes (UPCs).
d. Bar codes can be read by optical scanners.
e. All of these statements about bar codes are true.

Answers

They encrypt data like prices, product identifiers, and other pertinent information.  What's actually true regarding bar codes is: d. Optical scanners are able to read bar codes.

Graphical data representations called bar codes are made up of parallel lines that vary in thickness and spacing.  Optical scanners, which use light beams to capture and decode the data encoded in the bars, can read bar codes. As a result, data may be retrieved and entered into computer systems with speed and accuracy. To improve efficiency and streamline procedures, optical scanners are frequently utilised in retail, logistics, and inventory management. As a result, choice d is accurate in saying that optical scanners can read bar codes.

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Krem Company had a machinery costing P3,000,000 when purchased on January 2, 20x1. Estimated useful life of the asset was for 20 years with no salvage value at the end of its useful life. Krem uses the straight-line method of depreciation. On January 2, 20x6, Krem is evaluating the machinery for possible impairment. The machinery has a remaining useful life of 5 years and is expected to generate cash inflows of P500,000 per year. Krem has determined that the rate implicit in current market transaction for similar asset is 10% (PV of P1 at 10%,5 periods is 0.62 and the PV of ordinary annuity of P1 at 10%,5 periods is 3.79 ). Available information as of January 2, 20×6 also showed that the appropriate market price for the same asset is P1,800,000 and the estimated cost of disposal is P150,000.
a. P355,000
b. P450,000
c. P600,000
d. PO (none)
Other:

Answers

The recoverable amount (value in use) is higher than the carrying amount (P2,100,000), indicating that the machinery is not impaired. Therefore, the option is d) PO (none).

To determine if the machinery is impaired, Krem Company needs to compare its recoverable amount with its carrying amount. The recoverable amount is the higher of the asset's fair value less costs to sell and its value in use.

First, let's calculate the value in use: The cash inflows generated by the machinery are P500,000 per year for the remaining useful life of 5 years. We can use the present value of an ordinary annuity formula to calculate the value in use: Value in use = Cash inflows × Present value factor for an ordinary annuity = P500,000 × 3.79 (PV factor for 5 periods at 10%) = P1,895,000

Next, let's calculate the carrying amount: The machinery was purchased for P3,000,000 and has been depreciated over 6 years using the straight-line method. The annual depreciation expense is P150,000 (P3,000,000 / 20 years). Therefore, the carrying amount on January 2, 20x6, is: Carrying amount = Purchase cost - Accumulated depreciation = P3,000,000 - (P150,000 × 6) = P2,100,000

Since the fair value less costs to sell (market price minus disposal cost) is P1,800,000 - P150,000 = P1,650,000, the higher of the two amounts is the value in use (P1,895,000).

The recoverable amount (value in use) is higher than the carrying amount (P2,100,000), indicating that the machinery is not impaired. Therefore, the option is d) PO (none).

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What term is used to describe the obstacles a firm needs to overcome to enter an industry or market For the toolbar, press ALT \( +F 10 \) (PC) or ALT \( +F N+F 10 \) (Mac).

Answers

The term used to describe the obstacles a firm needs to overcome to enter an industry or market is "barriers to entry." These barriers can include factors that make it difficult for new firms to establish themselves and compete effectively.

1. Definition of barriers to entry: Barriers to entry refer to the obstacles or challenges that new firms face when trying to enter a specific industry or market. These barriers can range from economic factors to legal and regulatory constraints that hinder the entry and competitiveness of new players.

2. Types of barriers to entry: There are several types of barriers to entry that can exist in a given industry or market. Some common examples include:

a. Economies of scale: Existing firms may have cost advantages due to their large-scale operations, making it challenging for new entrants to achieve similar cost efficiencies.

b. Capital requirements: Some industries may require significant upfront investments in equipment, technology, or infrastructure, making it difficult for new firms with limited financial resources to enter.

c. Brand loyalty: Established firms may have strong brand recognition and customer loyalty, making it harder for new entrants to attract and retain customers.

d. Regulatory barriers: Industries with strict regulations, licenses, or permits can create entry barriers as new firms need to navigate complex compliance requirements.

3. Overcoming barriers to entry: To enter an industry or market successfully, firms need to strategize and address the specific barriers they face. This can involve actions such as:

a. Differentiation: Developing unique products, services, or value propositions that set the new firm apart from existing competitors.

b. Cost leadership: Implementing cost-effective strategies to compete with established firms and offer competitive pricing.

c. Innovation: Introducing disruptive technologies or business models that can challenge the status quo and create new opportunities for entry.

d. Strategic partnerships: Collaborating with existing players or leveraging strategic alliances to gain access to necessary resources, distribution channels, or customer bases.

e. Advocacy and lobbying: Engaging in advocacy efforts to shape regulations or industry standards that could lower entry barriers for new firms.

By understanding and addressing the barriers to entry, firms can enhance their chances of successfully entering and competing in an industry or market, fostering competition and innovation.

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business ethics applies to , , and making decisions in a business context.
true or false

Answers

The statement "business ethics applies to making decisions in a business context" is true.

Business ethics refers to the principles and standards that guide ethical behavior in a business environment. It encompasses moral values and ethical principles that should be considered when making decisions within a business context. Business ethics applies to various aspects of business operations, including decision-making processes.

When faced with ethical dilemmas, businesses are expected to consider the ethical implications of their choices and act in a responsible and ethical manner. This involves considering the interests of various stakeholders, such as customers, employees, shareholders, and the community. By incorporating ethical considerations into decision-making, businesses can promote fairness, integrity, transparency, and accountability in their actions, leading to sustainable and ethical business practices.
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What is the return on the riskless bond if the risk premium
demanded by band holders is 6%, and the probability of default is
5%?
Oa, All of the answers here are incorrect
Ob.11%
12%
Od. 7%
e. 20%

Answers

The return on the riskless bond, considering a 6% risk premium demanded by bondholders and a 5% probability of default, is 11%. (Option B)

The return on the riskless bond if the risk premium demanded by bondholders is 6%, and the probability of default is 5% can be calculated as follows:

The formula for return on a riskless bond is:

Return on a riskless bond = Risk-free rate + Inflation rate

Here the bond is riskless, but since bondholders demand a risk premium of 6%, then the return on the bond would be:

Risk-free rate = 0% (since the bond is riskless)

Risk premium = 6%

Probability of default = 5%

Therefore, the return on the bond will be:

Return on a riskless bond = Risk-free rate + Risk premium + Probability of default

Return on a riskless bond = 0 + 6 + 5

Return on a riskless bond = 11%

Therefore, the correct option is option B, 11%.

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Complete an assessment of the political system and economic system of the MNC's country of origin. How does this influence the culture and operations of the MNC? (Chapter 2). Section II 15 Complete an assessment of the legal system the MNC's country of origin. How does this influence the culture and operations of the MNC? (Chapter 2). Specifically address corruption, intellectual property, and product safety & liability. Section III 15 Complete an assessment of the political economy and economic progress of the MNC's country of origin. How does this influence the culture and operations of the MNC? What advantage and disadvantages does this country provide to the MNC?

Answers

The legal system of the MNC's country of origin influences its culture and operations through anti-corruption measures, intellectual property protection, and product safety regulations. The political economy and economic progress of the country offer advantages like a skilled workforce and a strong domestic market, but also bring challenges such as higher labor costs and increased competition.

Section II: The legal system of the MNC's country of origin plays a significant role in shaping its culture and operations.

Firstly, in terms of corruption, a strong legal system with effective anti-corruption measures fosters a culture of transparency, integrity, and ethical business practices within the MNC.

This influences the operations by ensuring compliance with anti-corruption laws and discouraging bribery or other illicit activities.

Secondly, the legal system's protection of intellectual property rights (IPR) is crucial for MNCs. A robust IPR framework encourages innovation and investment in research and development.

It provides a sense of security for the MNC in terms of protecting their inventions, trademarks, and copyrights. This enables them to confidently engage in knowledge-intensive industries and safeguard their competitive advantage.

Thirdly, the legal system's regulations on product safety and liability directly impact the MNC's operations. Strict product safety standards ensure that the MNC complies with quality control measures, reducing the risk of harm to consumers.

Additionally, well-defined liability laws provide clarity on the MNC's responsibility in case of product defects or damages, allowing for appropriate risk management and insurance practices.

Section III: The political economy and economic progress of the MNC's country of origin significantly influence its culture and operations.

A stable political economy with sound economic policies creates a favorable business environment for the MNC. It provides predictability, encourages investment, and fosters long-term planning.

The cultural influence stems from the economic progress of the country. A thriving economy often leads to higher living standards, education levels, and infrastructure development, which positively impact the MNC's operations.

A skilled and educated workforce enhances productivity and innovation within the MNC. Furthermore, a strong domestic market resulting from economic progress provides opportunities for the MNC to sell its products or services domestically.

However, there can be disadvantages as well. Economic progress may lead to higher labor costs, making the country less competitive for labor-intensive industries.

Additionally, a strong domestic market can attract competition, increasing market saturation and intensifying rivalry for the MNC.

In conclusion, the legal system, political economy, and economic progress of the MNC's country of origin all exert significant influence on its culture and operations.

A robust legal system ensures transparency, protects intellectual property, and ensures product safety. A stable political economy and economic progress provide advantages such as a skilled workforce, a favorable business environment, and a strong domestic market.

However, there can also be disadvantages like higher labor costs and increased competition. Understanding these factors is crucial for MNCs to navigate effectively and succeed in their operations.

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interaction between newly formed planets and gas and dust left over in the stellar nebula may account for our observation of A nurse concludes that a client has a hypoglycemic reaction to insulin. Which clinical findings support this conclusion? (Select all that apply.)1.Irritability2.Glycosuria3.Dry, hot skin4.Heart palpitations5.Fruity odor of breath Why is Cost Volume Profit analysis more useful and important tosmall business owners, rather than to managers of largeentities? If the hypotenuse of a right triangle is four times its base, b, express the area, A, of the triangle as a function of b. Leo Zhou intends to set up a business on 1 October 2022 . The revenue from the business is expected to be 90,000 in the first 12 months. All of Leo's sales are made direct to nonVAT registered customers and if he registers for VAT, he cannot increase his prices. Leo will buy 24,000 of goods for resale in the next 12 months. 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