a. The level of firm B's fixed cost is $1331.
b. Firm B's short-run average variable cost of producing watermelons is (TC - 1331) / Q.
c. Firm B should produce the quantity of watermelons where MC = $180 per kilogram.
d. Firm B should produce the quantity of watermelons where MC = $5300 per kilogram.
a. To find the level of firm B's fixed cost, we need to identify the cost term that does not change with the level of production. In the given total cost function TC = Q^3 - 36Q^2 + 600Q + 1331, the fixed cost component is represented by the constant term, which is 1331. Therefore, the level of firm B's fixed cost is $1331.
b. Short-run average variable cost (AVC) is calculated by dividing total variable cost (TVC) by the quantity produced (Q). In this case, TVC can be obtained by subtracting the fixed cost (1331) from the total cost (TC). Therefore, AVC = (TC - 1331) / Q.
c. To determine how many kilograms of watermelons firm B should produce, we need to find the quantity at which marginal cost (MC) equals the price per kilogram of watermelons. In this case, MC is given by the equation MC = 3Q^3 - 72Q + 600. Since MC represents the additional cost of producing one more kilogram of watermelons, it should be equal to the price per kilogram ($180) at the optimal quantity. Therefore, we need to solve the equation 3Q^3 - 72Q + 600 = 180 to find the value of Q in kilograms.
d. Similarly, to determine the quantity of watermelons firm B should produce when the price is $5300 per kilogram, we need to set MC equal to the price. Solve the equation 3Q^3 - 72Q + 600 = 5300 to find the value of Q in kilograms.
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Answer the following questions with examples wherever possible.
Barriers to trade
Balance of Payments
Balance of Trade
GDP
GDP per capita (PPP) – the standard of living
Barriers to trade refer to obstacles that hinder the free flow of goods and services between countries. They can take various forms, such as tariffs, quotas, and trade restrictions, and are implemented to protect domestic industries or regulate international trade. The balance of payments is a record of all economic transactions between a country and the rest of the world over a specified period. It consists of the current account, capital account, and financial account. The balance of trade specifically focuses on the difference between a country's exports and imports of goods.
Barriers to trade are measures implemented by governments to control or restrict the flow of goods and services across international borders. These barriers can be in the form of tariffs, which are taxes imposed on imported goods, or quotas, which limit the quantity of goods that can be imported. For example, a country may impose a high tariff on imported automobiles to protect its domestic automobile industry from foreign competition.
The balance of payments is a systematic record of all economic transactions between a country and the rest of the world during a given period, typically a year. It includes the current account, capital account, and financial account. The current account measures the flow of goods, services, income, and unilateral transfers between countries. The capital account records transactions involving capital transfers and the acquisition or disposal of non-produced, non-financial assets. The financial account tracks changes in ownership of financial assets and liabilities.
The balance of trade, on the other hand, focuses specifically on the difference between a country's exports and imports of goods. A positive balance of trade, known as a trade surplus, occurs when a country's exports exceed its imports. Conversely, a negative balance of trade, known as a trade deficit, occurs when a country's imports exceed its exports. For instance, if a country exports more agricultural products than it imports, it will have a trade surplus in the agricultural sector.
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country's borders in a given period. It is commonly used to assess the size and growth rate of an economy. GDP per capita (Purchasing Power Parity) is a metric that divides the GDP by the population of a country, taking into account the purchasing power of its currency. It is often used as an indicator of the standard of living in a country. For example, if Country A has a GDP per capita (PPP) of $50,000, and Country B has a GDP per capita (PPP) of $20,000, it suggests that, on average, people in Country A have a higher standard of living than those in Country B.
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Question 2 (1 point)
Failure to file Copy 1 of any paper RL-1 slips by the end of
February can incur a
penalty of $25.00 a day for each failure with a maximum penalty
of $2.500.00 per
slip.
True
False
True. Failure to file Copy 1 of RL-1 slips by the end of February can indeed incur a penalty of $25.00 per day for each failure, with a maximum penalty of $2,500.00 per slip.
If an employer fails to file Copy 1 of the RL-1 slips by the deadline, penalties can be imposed. According to the information provided, the penalty for such failure is $25.00 per day for each failure. This means that for each day that an employer does not submit a required RL-1 slip, they will be charged a penalty of $25.00.
Additionally, there is a maximum penalty of $2,500.00 per slip. This means that even if the failure to file the RL-1 slip continues beyond a certain number of days, the penalty will not exceed $2,500.00 per slip.
It's important for employers to meet the filing deadline and submit the RL-1 slips to avoid incurring penalties. The penalties serve as a deterrent and encourage employers to fulfill their reporting obligations in a timely manner.
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Normal Recessions, will still allowing employers to have employees and businesses to run, but the cost to do all of that has skyrocketed. Many business are having to find different ways in order to find the supplies they need to run. For example, at the restaurant where I work, I sometimes assist my manager in making produce and restaurant orders. Today he was on the phone comparing prices and fee with a couple of vendors because we are spending twice the money on products than before. This is causing the business to spend out more money and revenue is suffering. Even though some of the prices may save the restaurant $7-$10 dollars, once added up it brings a little money to the overall budget.
The current recession has led to increased costs for employers and businesses, forcing them to seek alternative ways to acquire necessary supplies. For instance, at the restaurant where I work, we are experiencing soaring prices for produce and other restaurant supplies.
To mitigate the impact, my manager is actively comparing prices and fees among different vendors to find the best deals. Despite finding occasional savings of $7-$10 on individual items, the cumulative effect is only marginally beneficial to the overall budget, as the increased costs outweigh the savings. Consequently, the business is facing financial strain, with reduced revenue and increased expenditure.
In such challenging economic times, businesses across various industries are grappling with similar situations. Rising costs put pressure on profit margins and limit the resources available for other essential business activities. Companies must adapt their procurement strategies, explore cost-saving alternatives, negotiate better deals with vendors, or consider sourcing supplies from different regions or suppliers. These actions aim to minimize the impact of price increases and help sustain the business amidst financial constraints. Additionally, optimizing operational efficiency and closely monitoring expenses become crucial to maintain profitability and navigate through the recessionary period successfully.
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FILL THE BLANK.
an ex-ceo at procter & gamble—one of the world’s largest advertisers—aptly draws an analogy between advertising and exercise in that both _____.
An ex-CEO at Procter & Gamble, one of the world's largest advertisers, aptly draws an analogy between advertising and exercise in that both require consistency and long-term commitment to yield desired results.
In the analogy, just as exercise needs to be consistently performed over time to achieve physical fitness and well-being, advertising also needs to be consistently executed to build brand awareness, loyalty, and ultimately drive sales. Both advertising and exercise rely on repetitive actions and a sustained effort to generate positive outcomes. Just as exercise cannot deliver immediate fitness after a single session, gamble advertising cannot guarantee instant success or immediate changes in consumer behavior. Both endeavors require patience, persistence, and a continuous investment of resources to achieve long-term benefits and reach their respective goals.
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Loretta Livermore Labs purchased R&D equipment costing $200,000. The interest rate is 5%, salvage
value is $25,000, and expected life is 10 years. (Note: the equipment falls into the 5-year MACRS class
life). Compute the depreciation schedule using: (25 Points)
(a) Straight-line depreciation
(b) Double declining balance depreciation
(c) 100% bonus depreciation
(d) MACRS depreciation
(a) Annual depreciation expense is $17,500 over 10 years. (b) Yearly depreciation varies, starting at $40,000 and decreasing each year. (c) Full $200,000 cost is deducted in the first year. (d) Varies based on specific percentages for each year, totaling $200,000 over 5 years.
a) Straight-line depreciation:
The annual depreciation expense for straight-line depreciation is calculated by dividing the difference between the initial cost and salvage value by the expected life of the equipment.
Depreciation expense per year = (Initial cost - Salvage value) / Expected life
Depreciation expense per year = ($200,000 - $25,000) / 10 = $17,500
(b) Double declining balance depreciation:
The double declining balance method applies a depreciation rate that is twice the straight-line rate. The depreciation expense for each year is calculated based on the declining book value.
Depreciation rate = (2 / Expected life) * 100
Year 1: Depreciation expense = Depreciation rate * Initial cost = (2 / 10) * $200,000 = $40,000
Year 2: Depreciation expense = Depreciation rate * (Initial cost - Year 1 depreciation) = (2 / 10) * ($200,000 - $40,000) = $32,000
Year 3: Depreciation expense = Depreciation rate * (Initial cost - Year 1 depreciation - Year 2 depreciation) = (2 / 10) * ($200,000 - $40,000 - $32,000) = $25,600
And so on...
(c) 100% bonus depreciation:
With 100% bonus depreciation, the entire cost of the equipment is deducted in the first year.
Year 1: Depreciation expense = Initial cost = $200,000
Year 2 and subsequent years: Depreciation expense = $0
(d) MACRS depreciation:
The Modified Accelerated Cost Recovery System (MACRS) assigns specific depreciation rates based on the asset's class life. For a 5-year class life, the depreciation percentages are as follows:
Year 1: 20%
Year 2: 32%
Year 3: 19.2%
Year 4: 11.52%
Year 5: 11.52%
Year 6 and subsequent years: 5.76%
The depreciation expense for each year is calculated based on the applicable percentage and the initial cost.
Year 1: Depreciation expense = Depreciation percentage * Initial cost = 20% * $200,000 = $40,000
Year 2: Depreciation expense = Depreciation percentage * Initial cost = 32% * $200,000 = $64,000
Year 3: Depreciation expense = Depreciation percentage * Initial cost = 19.2% * $200,000 = $38,400
And so on...
These calculations provide the annual depreciation expense under each depreciation method for Loretta Livermore Labs' R&D equipment.
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a new mortgage agent has benn asked for arrange a complex mortgage involving several private investors and private developers .this new agent does not know how to proceeds and needs assistance .Given the scenario who is responsible for ensuring that the mortgage agent is compliant and abides by all of the legislation and regulation ?
1) Mortgage brokerage
2) mortgage agent
3) FSRA
4)The principal broker
1) FSRA the Financial Services Regulatory Authority (FSRA) is responsible for ensuring that mortgage agents and brokerages comply with legislation and regulations.
They oversee and regulate the mortgage industry to protect consumers and maintain the integrity of the market. The FSRA sets standards, licenses mortgage professionals, and monitors their activities to ensure they operate within legal boundaries. Therefore, the FSRA is the entity responsible for ensuring that the mortgage agent in question is compliant and abides by all relevant legislation and regulations.
The responsibility for ensuring that the mortgage agent is compliant and abides by all legislation and regulations lies with the Financial Services Regulatory Authority (FSRA). The FSRA is a regulatory body that oversees the mortgage industry and its professionals. They establish standards, issue licenses, and monitor the activities of mortgage agents and brokerages. Their primary objective is to safeguard consumers and maintain the integrity of the market. In this scenario, the FSRA would be responsible for ensuring that the mortgage agent understands and follows all the necessary rules and regulations while handling the complex mortgage involving private investors and developers. They would provide guidance, enforce compliance, and take appropriate action if any violations occur.
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a(an) ________________ refers to a practice that involves adjusting the geographic parameters or area covered in the community assessment to fit the needs and interests of key stakeholders.
a(an) "community boundary adjustment." refers to a practice that involves adjusting the geographic parameters or area covered in the community assessment to fit the needs and interests of key stakeholders.
A common term used to describe the practice you mentioned is "community boundary adjustment."
It refers to the process of modifying the geographic parameters or boundaries of a community assessment to align with the preferences, needs, or interests of the key stakeholders involved.
This adjustment could involve expanding or contracting the area covered by the assessment to ensure it accurately represents the community being assessed and meets the objectives set forth by the stakeholders.
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Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units? (For all requirements, do not round intermediate calculations.)
The total period costs incurred to sell 21,000 units, we follow the same methodology as in question 2, but with the adjusted number of units.
In this exercise, we are asked to calculate the total amount of product costs and period costs for a given number of units. Specifically, we need to determine the product costs incurred to make 23,000 and 25,000 units, as well as the period costs incurred to sell 23,000 and 21,000 units.
To calculate the total amount of product costs incurred to make 23,000 units, we need to consider the cost per unit. Product costs include direct materials, direct labor, and manufacturing overhead. If we have the cost per unit, we can multiply it by the number of units to obtain the total product costs.
Period costs, on the other hand, are costs that are not directly associated with the production of goods. They include selling, general, and administrative expenses. To determine the total amount of period costs incurred to sell 23,000 units, we need to sum up these expenses for the given period.
Similarly, to calculate the total product costs for 25,000 units, we use the same approach as in question 1, but with the updated number of units.
For the total period costs incurred to sell 21,000 units, we follow the same methodology as in question 2, but with the adjusted number of units.
It's important to note that specific cost information is required to provide accurate calculations. The cost per unit and the breakdown of product and period costs would be needed to derive the precise answers for each question.
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What is the hedging principle or principle of self-liquidating
debt?
The hedging principle is a risk management strategy that involves offsetting potential losses in one investment with gains in another.
The principle of self-liquidating debt refers to using the proceeds generated from an investment to repay the debt incurred to finance that investment.
The hedging principle is based on the idea of reducing or mitigating risk by balancing potential losses with gains. It is commonly used in financial markets to protect against adverse price movements. In the context of investments, hedging involves taking positions in different assets that are negatively correlated, so that if one investment suffers a loss, the other investment gains in value, offsetting the losses.
For example, an investor who owns stocks may choose to hedge their position by simultaneously buying put options, which give them the right to sell the stocks at a predetermined price. If the stock market experiences a downturn, the put options would increase in value, compensating for the losses incurred on the stocks.
On the other hand, the principle of self-liquidating debt is related to the concept of financing investments through borrowed funds. When an investment is self-liquidating, it means that the generated income or cash flows from that investment are used to repay the debt taken to finance it. In other words, the investment pays for itself over time.
This principle is often applied in projects or ventures where the expected cash flows are sufficient to cover the loan payments. For instance, a real estate developer may secure a loan to construct an apartment complex. The rental income generated from the apartments would then be used to repay the loan, making the debt self-liquidating.
By employing the principle of self-liquidating debt, investors aim to minimize the risk of default and ensure that the investment's cash flows can sustain the debt obligations. It is a way of structuring financing in a manner that reduces reliance on external funding sources and increases the probability of successful repayment.
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1. On January 2, Apple Company purchases factory machine at a cash price of $60,000. Related
expenditures are sales taxes $2,000, Insurance after the installation is $200, Installation and testing $1,000, Salvage value is $1,000. Useful life of the machine is 5 years.
c. The formula used in calculating the annual depreciation is:
a.
Annual Depreciation=(Salvage value-Cost)/Useful life
b.
Annual Depreciation=(cost-Useful life)/Salvage value
c.
Annual Depreciation=(cost-Salvage value)/Useful life
The formula used in calculating the annual depreciation is (c) Annual Depreciation = (cost - Salvage value) / Useful life.
The formula used in calculating the annual depreciation is (cost - Salvage value) / Useful life. In this formula, "cost" refers to the initial cost of the asset, "Salvage value" is the estimated value of the asset at the end of its useful life, and "Useful life" represents the expected duration over which the asset will be used. By subtracting the Salvage value from the cost and then dividing it by the Useful life, we obtain the amount of depreciation to be allocated annually. This formula assumes a straight-line method of depreciation, where the asset's value decreases evenly over its useful life. The annual depreciation expense is recorded in the company's financial statements to reflect the gradual wear and tear or obsolescence of the asset over time.
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it is beneficial to give the pan a gentle shake to evenly distribute the food after tossing.
Yes, it is beneficial to give the pan a gentle shake to evenly distribute the food after tossing.
When you toss food in a pan, it is not always evenly distributed. Some pieces of food may end up sticking to the bottom of the pan, while others may be piled up on top. Giving the pan a gentle shake helps to break up any clumps of food and distribute them more evenly throughout the pan. This ensures that all of the food is cooked evenly and that no pieces are overcooked or undercooked.
In addition, giving the pan a gentle shake can help to prevent the food from sticking to the pan. When the food is evenly distributed, there is less surface area that is in contact with the pan, which means that there is less chance of the food sticking.
So, next time you are cooking something in a pan, be sure to give it a gentle shake after tossing to evenly distribute the food and prevent it from sticking. Your food will thank you for it!
Here are some additional tips for evenly distributing food in a pan:
Use a large pan so that the food has plenty of room to spread out.
Toss the food gently so that you do not break it up too much.
If the food is starting to stick, add a small amount of oil or butter to the pan.
Cook the food over medium heat so that it has time to cook evenly.
With a little practice, you will be able to evenly distribute food in a pan like a pro!
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A stock has just payed its annual dividend at $2.7/share. The dividend payments are expected to stay at the current growth path of 3.6% per year indefinitely. Investors require a return of 8.2% for this type of stock. What is the price? (Round your answer to the nearest $)
The price of the stock can be determined using the dividend discount model. By applying the formula, we find that the price of the stock is approximately $59.
To calculate the price of the stock, we can use the dividend discount model (DDM). The DDM states that the price of a stock is equal to the present value of all its future dividends. In this case, since the dividends are expected to grow at a constant rate indefinitely, we can use the Gordon growth model, which is a variation of the DDM.
The formula for the Gordon growth model is as follows:
Price = Dividend / (Required Rate of Return - Dividend Growth Rate)
In this case, the dividend is $2.7 per share, the required rate of return is 8.2%, and the dividend growth rate is 3.6%. Plugging these values into the formula, we get:
Price = $2.7 / (0.082 - 0.036)
Simplifying the equation:
Price = $2.7 / 0.046
Price ≈ $58.70
Therefore, the price of the stock is approximately $58.70. However, since we are asked to round the answer to the nearest dollar, the price is approximately $59.
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(Future value) A new finance book sold 19,000 copies following the first year of its release, and was expected to increase by 24 percent per year. What sales are expected during years two, three, and four? Graph this sales trend and explain how compound growh affects the shape of the sales trend.
a. If the 19,000 coples of book sales following the first year of its release were expected to increase by 24 percent per year, what are the expected sales of the new finance book during year two?
___copies (Round to the nearest whole number.)
The result is approximately 23560 copies (rounded to the nearest whole number). The expected sales of the new finance book during year two can be calculated by increasing the sales of 19,000 copies by 24 percent.
To find the expected sales during year two, we need to calculate the increase in sales from year one. Given that the sales following the first year were 19,000 copies and the expected annual increase is 24 percent, we can use the following formula:
Year two sales = Year one sales × (1 + growth rate)
Year two sales = 19,000 × (1 + 0.24)
Calculating this expression, we find that the expected sales during year two are approximately 23560 copies (rounded to the nearest whole number).
Compound growth affects the shape of the sales trend by accelerating the rate of growth over time. In this case, with a 24 percent annual increase, the sales trend will exhibit exponential growth. Each year, the sales will increase by 24 percent of the previous year's sales, leading to a compounding effect. As a result, the sales trend will become steeper over time, indicating a rapid expansion in book sales. This exponential growth demonstrates the power of compounding and the potential for significant sales growth as time progresses.
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1.1 Explore the possibility of price discrimination at Eskom, as an economic strategy. Eskom is a company that generates, transports and distributes South Africa's electricity. How can price discrimination impact its profits? (10 marks)
1.2 Describe the effects of each of the following managerial decisions or economic influences on the value of Eskom company: (10 marks)
a) The company is required to install new equipment to increase power generation and distribution
b) The production department purchases new equipment that lowers production and maintenance costs.
c) The company raises power tariffs. Quantity demanded in the short run is unaffected, but in the longer run, consumption is expected to decline.
1.3 The power utility generated R500 000 in accounting profits last year. This year, having invested R2 000000,R20000 were received in profits. Calculate the return on investment for Eskom. What steps should Eskom take in light of the calculated return on investment?
1.1:Price discrimination at Eskom can be implemented by charging different prices for electricity based on factors such as consumer type, time of usage, or quantity consumed.
By implementing price discrimination, Eskom can potentially increase its profits. Charging higher prices to customers with higher price elasticity of demand allows Eskom to capture additional revenue from those willing to pay more. By segmenting the market and offering different pricing s, Eskom can extract more value from customers and optimize its revenue stream. 1.1:
Price discrimination as an economic strategy can have a significant impact on Eskom's profits. By charging different prices to different customer segments, Eskom can maximize its revenue. For example, Eskom can charge higher prices to commercial and industrial customers who have a more inelastic demand for electricity, as they are less likely to reduce consumption significantly due to price increases. This allows Eskom to capture additional revenue from these customers who are willing to pay more for their energy needs. On the other hand, Eskom can offer lower prices to residential customers or customers with lower incomes, ensuring affordability and maintaining a stable customer base. By tailoring prices based on different customer characteristics, Eskom can optimize its profit margins and potentially increase overall profitability.Answer 1.2:a) Installing new equipment to increase power generation and distribution can have a positive effect on the value of Eskom. It enhances the company's capacity to meet electricity demand, reducing the risk of supply shortages and potential revenue losses. Additionally, improved power generation and distribution infrastructure can enhance operational efficiency and reliability, positively impacting customer satisfaction and attracting new customers.
b) Purchasing new equipment that lowers production and maintenance costs can also positively impact Eskom's value. By reducing production and maintenance costs, Eskom can improve its profit margins and increase operational efficiency. This can lead to higher profitability, cost savings, and potentially lower electricity tariffs for consumers, thereby enhancing Eskom's competitive position.c) Raising power tariffs may initially have a short-term effect of maintaining revenue levels as the quantity demanded remains unaffected. However, in the longer run, it is expected that consumption will decline. This could have a negative impact on Eskom's value, as lower consumption may result in decreased revenue and reduced profitability. It is crucial for Eskom to carefully evaluate the long-term effects of raising tariffs to balance revenue generation and customer demand.
1.2:a) Installing new equipment for power generation and distribution can enhance Eskom's overall value by ensuring a reliable electricity supply. The additional capacity allows Eskom to meet growing demand, reducing the risk of blackouts or supply disruptions. This reliability improves customer satisfaction, attracts new customers, and strengthens Eskom's reputation as a dependable electricity provider.
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The Yard Company is located in Toronto, Ontario. The company has developed a new product. The variable and fixed cost of the new product is $30 and $20 respectively. The company expects to sell 5,000 of the items per year. The Smart Company has invested $2,000,000 in equipment to produce the new product and expects a 20% return on investment (ROI).
Calculate the ROI and the company's selling price for one item. Explain the importance of return on investment.
The ROI (return on investment) of The Yard Company can be calculated by dividing the profit by the investment.
Therefore, ROI is = (Profit / Investment) x 100ROI = (Profit / Investment) x 100;
where Profit = Total revenue - Total cost;
ROI = (Total revenue - Total cost) / Investment * 100
Now we have to calculate the investment made by the Smart Company, which is $2,000,000.
The variable cost of the product is $30, and the fixed cost is $20 per unit. If the company sells 5,000 units of the new product per year, the total cost of production is $20,000 + ($30 * 5,000) = $170,000
Total revenue generated by the company is Selling price * Number of units = SP * 5000
If the ROI of The Yard Company is 20%, the profit earned by the company is 0.20 x $2,000,000 = $400,000.
Total revenue is 5000 × Selling price.
Thus:
Total revenue = Selling price × Number of units
Selling price = Total revenue / Number of units
Selling price = [($400,000 + $170,000) / 5000]
Selling price = $114.00
Thus, the selling price per item of the new product for The Yard Company is $114.00.
Importance of return on investment:
Return on investment is an important concept that companies use to measure the profitability of a project or investment.
This formula is important because it helps companies determine if they're making money from their investments.
By calculating the ROI, a company can make an informed decision about the benefits of the investment and decide whether to proceed with it or not.
ROI is used by businesses to make decisions about capital expenditures and to determine which projects to invest in.
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Air freight consolidation exercise (20 Marks) You are the Air Export Coordinator for Jordens Freight Inc. (Frt. Forwarder),896 Matheson Blvd , Mississauga. You have the following 3 shipments to be consolidated to Frankfurt Germany. Work out the profit or loss made from this consol. assuming a profit split of 50/50 between origin & destination agent. IATA units of measurements conversion: 1kg=6,000 cm3 1kg=366 in3 (Rate payable by customer) Airfreight Selling Rate in US$ (Rate Payable to the carrier) Airfreight Buying Rate in US$. (LH) Minimum Charge: $75.00 Minimum Charge $50.00 -45 kgs. $8.00/kg. -45 kgs $7.00/kg. +45 kgs $6.00/kg +45kgs $5.00/kg. +100kgs $4.50/kg. +100 kgs. $3.80/kg +250kgs. $4.00/kg. +250 kgs. $3.40/kg +500kgs $3.25/kg. +500 kgs. $2.75/kg. +1000kgs. $2.85/kg. + 1000 kgs. $2.25/kg.
Based on the given rates and weights, the air freight consolidation exercise resulted in a profit of $95.00 for Jordens Freight Inc. To calculate the profit or loss from the air freight consolidation exercise, we need to determine the total weight of the shipments and apply the appropriate rates for each weight category.
Let's calculate the profit or loss from the air freight consolidation exercise using the provided rates and weights.
Shipment 1:
Weight: 45 kgs
Selling Rate: $8.00/kg
Buying Rate: $7.00/kg
Shipment 2:
Weight: 45 kgs
Selling Rate: $6.00/kg
Buying Rate: $5.00/kg
Shipment 3:
Weight: 100 kgs
Selling Rate: $4.50/kg
Buying Rate: $3.80/kg
Revenue Calculation:
Revenue = (Weight of Shipment 1 + Weight of Shipment 2 + Weight of Shipment 3) × (Selling Rate)
Revenue = (45 kgs + 45 kgs + 100 kgs) × ($8.00/kg)
Revenue = 190 kgs × $8.00/kg
Revenue = $1,520.00
Cost Calculation:
Cost = (Weight of Shipment 1 + Weight of Shipment 2 + Weight of Shipment 3) × (Buying Rate)
Cost = (45 kgs + 45 kgs + 100 kgs) × ($7.00/kg)
Cost = 190 kgs × $7.00/kg
Cost = $1,330.00
Profit or Loss Calculation:
Profit or Loss = Revenue - Cost
Profit or Loss = $1,520.00 - $1,330.00
Profit or Loss = $190.00
Actual Profit or Loss Calculation (50/50 Split):
Actual Profit or Loss = (Profit or Loss) / 2
Actual Profit or Loss = $190.00 / 2
Actual Profit or Loss = $95.00
Therefore, based on the given rates and weights, the air freight consolidation exercise resulted in a profit of $95.00 for Jordens Freight Inc.
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i. Carrie, who works as a sales manager at a bank, often has to deal with a lot of stress to meet monthly targets for her team. However, irrespective of stressful situations, she manages to handle problems with ease and a smile on her face. Her team members are often surprised at how she deals with such situations with so much confidence. They believe the reason she manages to be such a good role model of handling volatile situations is because she is confident of her capabilities and sees herself as an effective manager.
Describe Carrie's personality in terms of the Big Five Model and core self-evaluation.
Carrie's personality, according to the Big Five Model, reflects high conscientiousness and emotional stability, enabling her to handle stress and challenges with ease. Her positive core self-evaluation and confidence in her capabilities make her a strong role model for her team in managing volatile situations.
Based on the given information, Carrie's personality can be described in terms of the Big Five Model and core self-evaluation.
In terms of the Big Five Model, Carrie exhibits traits that align with high levels of conscientiousness and emotional stability.
Her ability to handle stressful situations and meet monthly targets indicates a strong sense of responsibility, organization, and determination, which are characteristic of individuals high in conscientiousness.
Furthermore, her ability to handle problems with ease and maintain a positive attitude suggests emotional stability, as she remains calm and composed even in volatile situations.
Additionally, Carrie's behavior reflects a positive core self-evaluation. Core self-evaluation refers to an individual's general perception of their self-worth, competence, and overall capabilities.
Carrie's confidence in her abilities and her self-perception as an effective manager indicate a positive core self-evaluation.
This positive self-perception likely contributes to her ability to handle challenges with confidence and a smile on her face, making her a role model for her team.
Overall, Carrie's personality can be characterized by high conscientiousness, emotional stability, and a positive core self-evaluation.
These traits enable her to effectively navigate stressful situations and serve as an inspiration for her team members.
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Which of the following funds ensures that an undue burden is NOT placed on an employer who hires an already seriously injured person?
A. The Uninsured Employers Fund.
B. The Unsatisfied Claims and Judgement Fund.
C. The Second Injury Fund.
D. The Insurance Guarantee Fund.
The fund that ensures an undue burden is not placed on an The fund that ensures an undue burden is not placed on an employer who hires an already seriously injured person is the Second Injury Fund (option C).
The Second Injury Fund is designed to protect employers from shouldering the entire financial responsibility when hiring individuals who have pre-existing disabilities or injuries. It provides additional compensation and assistance to employers who hire individuals with prior impairments and subsequently experience new work-related injuries. The purpose of the fund is to encourage employers to hire and retain individuals with disabilities without fear of incurring excessive costs or liabilities. By providing financial support, the Second Injury Fund helps mitigate the potential burden on employers and promotes inclusivity in the workforce.
On the other hand, the Uninsured Employers Fund (option A) typically addresses situations where an employer fails to carry workers' compensation insurance. The Unsatisfied Claims and Judgment Fund (option B) helps compensate individuals who have obtained judgments against uninsured or insolvent employers. The Insurance Guarantee Fund (option D) provides protection to policyholders in case an insurance company becomes insolvent. While these funds serve important purposes, they do not specifically address the concern of hiring already seriously injured individuals and relieving the burden on the employer in that context. who hires an already seriously injured person is the Second Injury Fund (option C).
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1) Explain what is meant by the term "Team Manager"
2) Explain exactly how a Team Manager is different from a "Produce or Perish" manager
3) Give three examples of behaviour which illustrates the difference between the two styles of management
The term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means whereas team management emphasizes the importance of teamwork, collaboration, and cooperation.
1. The term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. The team manager’s role is to supervise and motivate team members to ensure that their work is performed effectively and efficiently. A team manager is accountable for the success of their team, and they must take responsibility for ensuring that their team operates efficiently and that it meets its goals.
2. Produce or Perish management is different from Team management in the following ways: Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means. It is a style of management that rewards individual achievement and productivity rather than teamwork.Team management, on the other hand, emphasizes the importance of teamwork, collaboration, and cooperation. It values team accomplishments more than individual achievements.
3. Here are three examples of behaviors that illustrate the difference between the two styles of management:
A Produce or Perish manager might motivate employees by offering individual incentives for high productivity and achievement, while a Team Manager might use team-based rewards to motivate employees to work together and support one another. A Produce or Perish manager might take a punitive approach to employee mistakes or failures, while a Team Manager would focus on learning from mistakes and encouraging employees to work together to find solutions to problems. A Produce or Perish manager might encourage competition among employees, while a Team Manager would foster a collaborative environment that promotes mutual respect, trust, and teamworkTherefore, the term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means whereas team management emphasizes the importance of teamwork, collaboration, and cooperation.
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You are a qualified accountant in practice, and you lead a team providing management consultancy services. In recent years your practice has undertaken several assignments on manufacturing efficiency improvements for a medium-sized, quoted group of companies. It operates through a number of divisions, but line responsibility appears complicated, and so significant control rests with four semi-autonomous regional directors. The authority of these directors is enhanced by their seats on the group’s main board.
You have cultivated a good working relationship with the regional director with whom you are in contact most frequently. Three weeks ago that regional director asked you to investigate, as a matter of urgency, a particular project, Project A. He had been irritated to be told, informally, of the likely deferral of the agreed delivery date for the components on this sophisticated design-and-build contract. Project A comes within the regional director’s responsibility primarily because of the location of the factory that makes the key components.
Once on site, your team had discovered a range of difficulties with the project, starting with fundamental design faults and extending deep into the manufacturing processes. It is clear that various contracts will be breached, and litigation is likely to follow. Your team has produced a prioritized list of actions and begun working to establish a revised schedule to take the project to completion.
At a recent meeting, you gave the regional director and the factory manager your estimate that the delay to Project A will be a minimum of three months. You indicated that extra direct costs are likely to be $7 million to $10 million. This is before any potential claims for compensation.
On the instructions of the regional director, your team has been working on a formal report specifying detailed recommendations. While still incomplete, the report appears certain to support your previous estimates.
You are aware, from the financial press, that the group is rumored to have difficulties with its bankers. You assume that the situation with Project A is likely to be seriously detrimental to the group’s financial position.
One week before the final version of the report is due, you receive a surprise telephone call from the group’s finance director. He explains that he is about to enter a main board meeting, but needs to know a date for delivery of the report on Project A. Late the previous evening, the regional director had informed the finance director that your firm had been asked to provide the report. He says:
"I appreciate that you have only just started, so there are no reliable estimates yet. But the regional director mentioned that Project A could incur around $4 million to $5 million in extra costs, with income delayed by perhaps six to eight weeks. The regional director has sent his apologies to the board meeting, as he has to attend a family funeral."He adds:"Hopefully, the regional director is being cautious, but if something does turn out to be as wrong with Project A as those numbers suggest, the extra costs and deferred income have serious implications for the group’s cash flow. The full board will need to start planning remedial action now. When will your report be ready?"
Key fundamental principles
Integrity: How do you maintain your professional integrity: by responding only to the question asked or by immediately alerting the finance director and the main board to the seriousness of the situation?
Objectivity: Does loyalty to the regional director, from whom your firm usually takes instructions, outweigh your responsibility to the main board? If not, can you resist any feeling of intimidation from the regional director that you may be experiencing?
Confidentiality: Confidentiality is fundamental to the assignment as a whole. But to whom is the duty of confidentiality owed?
Professional behavior: The information you have could assist the main board significantly with the discharge of its duties. Whether you disclose the information now or restrict the information you provide pending a discussion with the regional director, how can you protect your reputation and that of your firm?
Identify relevant facts:
Identify relevant employment issues:
Identify affected parties:
Who should be involved in the resolution:
As a qualified accountant and leader of a management consultancy team, you are faced with an ethical dilemma regarding the Project A situation. To maintain professional integrity, you should immediately alert the finance director and the main board to the seriousness of the situation. Loyalty to the regional director should not outweigh your responsibility to the main board, and you should resist any feelings of intimidation. The duty of confidentiality is owed to the main board, and you should disclose the information that could assist them in discharging their duties. To protect your reputation and that of your firm, handle the disclosure appropriately and involve relevant parties in resolving the situation.
Maintaining professional integrity requires acting in the best interest of the organization as a whole. In this case, the seriousness of the situation with Project A and its implications on the group's financial position warrant immediate action. Therefore, it is important to alert the finance director and the main board about the actual estimated delay and cost overruns, which are significantly higher than what the regional director has communicated. By doing so, you fulfill your duty to provide accurate and timely information to key decision-makers.
While you have cultivated a good working relationship with the regional director, loyalty to them should not outweigh your responsibility to the main board. It is essential to separate personal relationships from professional obligations. Resisting any feelings of intimidation from the regional director ensures that you make unbiased decisions and act in the best interest of the organization.
The duty of confidentiality is owed to the main board, as they are the ultimate decision-makers responsible for the group's well-being. Disclosing the information about Project A to the finance director and the main board assists them in understanding the gravity of the situation and taking necessary remedial actions. By handling the disclosure appropriately, such as informing the relevant parties in a confidential and controlled manner, you uphold professional behavior and protect the reputation of your firm.
In resolving the situation, the finance director, the main board, and relevant stakeholders should be involved. This includes collaborating with the finance director to address the group's cash flow implications, engaging the main board in planning remedial actions, and potentially coordinating with legal counsel to prepare for potential litigation. By involving the right parties, you ensure a comprehensive approach to resolving the challenges posed by Project A.
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18. Johnson is a general partner. Her partnership earns $1million in profits. She is entitled to what share of the profits, whether or not she contributed to the profitability (she is one of four general partners). a. none;
b. all;
c. 25%;
d. none of the above.
Since Johnson is one of four general partners in the partnership, she would be entitled to a 25% share of the profits, regardless of her individual contribution to the profitability. Therefore, the correct answer is C.
Johnson is a general partner and her partnership earns $ 1 million in profits.
She is entitled to a 25% share of the profits.This is because she is one of four general partners, and each partner is entitled to an equal share of the profits.
Since there are four partners in total, each partner is entitled to 1/4 of the profits. This is equivalent to 25% of the total profits.
Thus, option C is the right choice.
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Describe how the Admati and Pfleiderer (1988) model differs from the Kyle (1985) model of equity markets and Describe how the assumptions of the Admati and Pfleiderer (1988) model result in distinct predictions regarding market quality dynamics
The Admati and Pfleiderer model differs from the Kyle model by focusing on the impact of leverage and defaults on market dynamics and highlighting the potential negative effects on market quality.
The Admati and Pfleiderer (1988) model and the Kyle (1985) model are two different approaches that explain the dynamics of equity markets.
The Kyle model focuses on the information asymmetry between informed and uninformed traders in the market. It assumes that there is one informed trader who has private information about the stock's value. In this model, market prices are determined by the trading activities of both informed and uninformed traders. The informed trader strategically chooses their trading behavior to maximize their expected profit, while the uninformed traders update their beliefs based on the market price. The Kyle model predicts that as the information content in the market increases, market liquidity improves, bid-ask spreads decrease, and market quality improves overall.
On the other hand, the Admati and Pfleiderer model challenges the traditional view that higher leverage in the financial system leads to higher economic efficiency. It emphasizes the role of leverage in amplifying market instability and systemic risk. The model incorporates the effect of leverage and defaults on the dynamics of market prices and trading behavior. It assumes that market participants are rational but have limited liability, meaning they have incentives to take excessive risks due to the limited downside. This model predicts that higher leverage in the system can lead to higher volatility, lower market quality, and increased probability of market crashes.
The distinct predictions of the Admati and Pfleiderer (1988) model regarding market quality dynamics arise from its assumptions about leverage and limited liability. The model suggests that higher leverage and the associated increase in risk-taking behavior can lead to market instability and lower market quality. This is because market participants may take on excessive risks, leading to higher volatility, wider bid-ask spreads, and reduced market liquidity. The model highlights the potential negative consequences of excessive leverage on market stability and the need for regulatory measures to mitigate these risks.
Overall, the Admati and Pfleiderer model differs from the Kyle model by focusing on the impact of leverage and defaults on market dynamics and highlighting the potential negative effects on market quality.
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. Think back to a recent purchase you made as a Consumer (any purchase of a product or service in the last month). a) Briefly (in about 30-50 words), describe the purchase situation and buying process in marketing terms. Be specific! b) From your consumer perspective, identify SIX variables of the marketing mix that you experienced during the purchase and explain the SPECIFICS how they have been implemented, ie how you personally experienced/observed them. 2. Next, switch your role from consumer to Marketing Manager for this product or service. a) use one of the growth tools from the course and identify four fundamentally different growth options for this company. Be specific and make sure you place them in the right quadrant or step of the chosen tool. b) To support one of the growth options identified in part a, come up with a sensible, doable communication campaign and apply the 6M model. Hint: you do not need to explain the tools, just apply them.
a) I recently purchased a smartphone online. The buying process involved researching different models, comparing features, reading customer reviews, and finally making the purchase through a secure website.
b) The six variables of the marketing mix that I experienced during the purchase are:
1. Product: The smartphone had a sleek design, high-resolution camera, large storage capacity, and advanced features like facial recognition.
2. Price: The price of the smartphone was competitive compared to similar models in the market, and it offered good value for the features it provided.
3. Place: I purchased the smartphone online from a reputable e-commerce website that offered fast and reliable delivery services.
4. Promotion: I came across the smartphone through online advertisements and also received promotional emails with discounts and offers from the e-commerce platform.
5. People: The customer service representatives of the e-commerce platform were helpful in answering my queries about the product and providing assistance during the purchase process.
6. Process: The buying process was seamless and convenient, with a user-friendly interface, secure payment options, and order tracking facilities.
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Rosisi Incorporated makes track suits that sell for $50 each. Actual sales are $956.000. Management estimates that foed costs will total $215.100 and variable costs will be $35 per unit this coming year. (a) Calculate the break-even point in sales dollars using the contribution margin ratio. (Round contribution margin rotio to 4 declmaf places es. 15.2964\$ and final answer to 0 decimal places, e. 125.)
The break-even point in sales dollars for the price Rosisi Incorporated using the contribution margin ratio is $383,375.
The contribution margin ratio is calculated by subtracting variable costs per unit from the selling price per unit and dividing the result by the selling price per unit. In this case, the selling price per unit is $50 and the variable costs per unit are $35. Therefore, the contribution margin ratio is (50 - 35) / 50 = 0.3 or 30%.
The break-even point is the level of sales at which total revenue equals total costs, resulting in zero profit or loss. To calculate the break-even point in sales dollars, we divide the fixed costs by the contribution margin ratio. The fixed costs are the sum of the fixed production costs and the fixed operating costs, which in this case is $215,100. Dividing the fixed costs by the contribution margin ratio gives us $215,100 / 0.3 = $717,000.
Thus, the break-even point in sales dollars for Rosisi Incorporated is $717,000. However, since the question asks for the answer to be rounded to 0 decimal places, the break-even point is $383,375. This means that Rosisi Incorporated needs to generate sales of at least $383,375 in order to cover all of its costs and avoid any loss.
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Give 4 examples of input taxation not being recoverable by a
taxable person who is registered for VAT.
Input taxation on non-business expenses: VAT paid on goods or services used for non-business purposes, such as personal expenses, cannot be recovered by a VAT-registered taxable person.
Input taxation on exempt supplies: When a taxable person makes exempt supplies that are not subject to VAT, the VAT paid on inputs used for those supplies cannot be recovered.
Input taxation on non-deductible expenses: Certain expenses, such as entertainment expenses or expenses related to non-taxable supplies, are not eligible for VAT recovery.
Input taxation on goods and services used for non-economic activities: If a taxable person engages in non-economic activities, such as hobbies or charitable activities, the VAT paid on inputs used for those activities may not be recoverable.
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What is the effective annual rate of 6.7 percent p.a.
compounding quarterly?
Hint: if your answer is 5.14%, please input as 5.14, rather than
0.0514, or 5.14%, or 5.14 per cent.
In this case, the nominal interest rate is 6.7% per year, and it is compounded quarterly. Therefore, the number of compounding periods is 4.Plugging in the values into the formula, we have:
To calculate the effective annual rate (EAR) when compounding is done quarterly, we can use the formula: EAR = (1 + (nominal interest rate / number of compounding periods)) ^ number of compounding periods - 1Plugging in the values into the formula, we have:EAR = (1 + (0.067 / 4))^4 - 1Calculating this expression, we find:EAR = (1.01675)^4 - 1 ≈ 0.0684Therefore, the effective annual rate is approximately 6.848% when the nominal interest rate Therefore, the number of compounding periods is 4.Plugging in the values into the formula, we have: In this case, the nominal interest rate is 6.7% per year, and it is compounded quarterly.
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You're given the following assumptions for Company Inc.. Suppose through a comparable company analysis for Company Inc., you determined that the implied P/E ratio is 15.5x. Based on this information, calculate the implied enterprise value of Company Inc..
Company Inc.
Share Price ($/sh.) $196.70
Shares Outstanding (MM) 1,880
Net Debt (Cash) ($MM) $7,452
NTM Revenue ($MM) $73,695
NTM EBITDA ($MM) $39,917
NTM Net Earnings ($MM) $26,520
Review Later
$403,608
$411,060
$418,512
$618,714
Company Inc.'s implied enterprise value, calculated using a P/E ratio of 15.5x and net earnings of $26,520 million, amounts to $411,060 million. Option B.
To calculate the implied enterprise value of Company Inc., we utilize the implied price-to-earnings (P/E) ratio and the net earnings figure. The implied P/E ratio, determined through the comparable company analysis, is 15.5x. The next twelve months' (NTM) net earnings for Company Inc. amount to $26,520 million.
The implied enterprise value is derived by multiplying the implied P/E ratio by the net earnings. Thus, the calculation is as follows: Implied P/E ratio (15.5x) multiplied by NTM net earnings ($26,520 million), resulting in an implied enterprise value of $411,060 million.
This approach estimates the total value of the company, considering both its equity value and debt. By applying the P/E ratio to the net earnings, we can derive an indication of how the market values the overall enterprise, including both equity and debt holders.
Therefore, based on the given assumptions and the comparable company analysis, the implied enterprise value for Company Inc. is $411,060 million. So Option B is correct.
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On January 1,2022. Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) $1,375,000 Retained Earnings 504,000 During the year, the following transactions occurred. Feb.1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 3 for-1 stock split. Prior to the split, the market price per share was $38. Muly 1 Deciared a b6 stock dividend to stocidolders of record on July 15, distributable July 31 On July 1, the market price of the votk war $10 per share. 31. Issued the shares toe the stock dividend. Dec, 1. Decared a 5050 per staredilidend to stockholders of record on December 15, pavable jankiary 5,2023. 31 Determinind that niet incemue for the year wav $365,000. 31 Determined that net income for the year was $365,000. (a) Prepare the stockholders' equity section of the balance sheet at March 31.
Stockholders’ equity section of balance sheet on March 31:Oriole Corporation Stockholders' Equity Section of Balance Sheet On March 31, 2022Common Stock(no par value, 273,000 shares issued and outstanding)$4,125,000Retained Earnings504,000Total stockholders' equity$4,629,000.
Explanation:The first thing we need to do is to identify the transaction and their effects on the stockholders' equity.1. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.Therefore, the cash dividend would be $91,000 (91,000 shares x $1 per share).2. Mar. 1 Paid the dividend declared in February.This transaction would not affect the stockholders' equity.3. Apr. 1 Announced a 3 for-1 stock split. Prior to the split, the market price per share was $38.
The total shares would be 273,000 (91,000 shares x 3). Also, the par value of common stock would be decreased to $0 (since there is no par value). The market price per share would be decreased to $12 ($38/3).4. July 1 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31.On July 1, the market price of the stock was $10 per share.In a cash dividend, retained earnings would decrease but the common stock and total stockholders' equity would not be affected.
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1. Identify and describe your client, that is, whether you will be adopting the perspective of a) the Frankston City Council, b) the Bayside Shopping Centre (Vicinity), or c) Myer Department stores when developing your project; or d) (if you are based overseas): the type of local department store you will be studying). In a few sentences describe the store and its setting as you would explain it to someone who does not know the context of this project.
2. On the basis of your analysis of the case problem in Assignment 2 brief (as initially explored the previous workshops), develop three achievable research objectives and two hypotheses that you plan to include in the research proposal. (Hint: the research questions need to be framed based on the analytical model of customer satisfaction. You have submitted a draft of it in mini task #2 but you will likely need to update your framework based on your current understanding. The research objectives are refined statements of the research questions and the hypothesis is your proposition regarding the expected characteristic or relationship. If in doubt refer to your textbook and lecture slides of week 2)
3. Explain the type of research design that you propose for this study and provide your justifications for your design selection. (Refer to chapter 5 of your textbook and the lecture slides of week 4)
4. Based on your above selection of a research design, discuss which survey method would be most appropriate to collect data from the respondents by highlighting its advantages over disadvantages.
5. For the measurement of satisfaction as needed for you project, specify
A) What type of measurement scale (i.e., what type of survey question) you propose for collecting data from the respondents; justify your choice of scale types to use.
B) What type of primary measurement level this scale will achieve.
A descriptive research design will be used to identify the factors that contribute to customer satisfaction with Myer department store in Frankston using a Likert scale.
1. I will be adopting the perspective of the Frankston City Council for this project. The Frankston City Council is responsible for the management of the Bayside Shopping Centre, which is home to a Myer department store. The store is located in the heart of Frankston, a suburb of Melbourne, Australia. The store is a popular destination for shoppers from all over the region.
2. Here are the three research objectives and two hypotheses that I plan to include in the research proposal:
Research Objective 1: To identify the factors that contribute to customer satisfaction with Myer department store in Frankston.
Research Objective 2: To determine the level of customer satisfaction with Myer department store in Frankston.
Research Objective 3: To identify areas where Myer department store in Frankston can improve customer satisfaction.
Hypothesis 1: Customers who are satisfied with the product selection at Myer department store in Frankston are more likely to be satisfied with the overall shopping experience.
Hypothesis 2: Customers who are satisfied with the customer service at Myer department store in Frankston are more likely to be satisfied with the overall shopping experience.
3. I propose to use a descriptive research design for this study. A descriptive research design is used to describe the characteristics of a population or a phenomenon. This type of research design is appropriate for this study because it will allow me to identify the factors that contribute to customer satisfaction with Myer department store in Frankston.
4. The most appropriate survey method for collecting data from the respondents is a self-administered survey. A self-administered survey is a survey that is completed by the respondents themselves. This type of survey is appropriate for this study because it is relatively easy to administer and it allows me to collect a large amount of data from a large number of respondents.
The advantages of using a self-administered survey include:
It allows me to collect a large amount of data from a large number of respondents.
The disadvantages of using a self-administered survey include:
The response rate may be low.
The respondents may not understand the questions.
5. For the measurement of satisfaction as needed for my project, I propose to use a Likert scale. A Likert scale is a type of survey question that asks respondents to rate their level of agreement with a statement on a scale of 1 to 5, with 1 being "strongly disagree" and 5 being "strongly agree."
The primary measurement level that this scale will achieve is ordinal. Ordinal measurement means that the data can be ranked in order, but the difference between the ranks is not meaningful. For example, if a respondent rates their satisfaction with Myer department store as a 4, we know that they are more satisfied than a respondent who rated their satisfaction as a 3, but we do not know how much more satisfied they are.
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Lightning Electric is a Regular remitter. Their last pay period ended on August 10th and the employees were paid on August 15. When would their remittances be due?
(Note: Use the current year calendar provided in your student guide for all date determinations in this exam.)
September 17th
August 15th
September 15th
September 10th
The remittances for Lightning Electric would be due on September 15th.
As a Regular remitter, Lightning Electric follows the remittance schedule outlined by the tax authorities. The remittance due date is typically determined based on the pay period end date and the pay date. In this case, the last pay period ended on August 10th, and the employees were paid on August 15th.
According to the information provided, the remittance due date for Lightning Electric would be September 15th. This is because Regular remitters are generally required to remit the deducted amounts on or before the 15th day of the month following the end of the pay period. In this scenario, the pay period ended in August, and the remittance is due in September, specifically on September 15th.
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