The cross elasticity of demand is approximately -1.33, indicating that goods X and Y are complementary.
The cross elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. It can be calculated using the formula:
Cross elasticity of demand = (% change in quantity demanded of Y) / (% change in price of X)
Given the following data:
Price of X: $17 to $19
Quantity demanded of Y: 109 units to 89 units
We can calculate the percentage change in quantity demanded of Y as follows:
% change in quantity demanded of Y = (New quantity demanded - Initial quantity demanded) / Initial quantity demanded
= (89 - 109) / 109
= -20 / 109
≈ -0.1835
Next, we calculate the percentage change in the price of X:
% change in price of X = (New price - Initial price) / Initial price
= (19 - 17) / 17
= 2 / 17
≈ 0.1176
Finally, we can calculate the cross elasticity of demand:Cross elasticity of demand ≈ (-0.1835) / (0.1176)
≈ -1.56Since the cross elasticity of demand is negative and greater than 1, we can conclude that goods X and Y are complementary. When the price of good X rises, the quantity demanded of good Y decreases, indicating a complementary relationship between the two goods.
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The Bakery is an all equity firm. It has 2 million shares outstanding currently prices at $12 per
share. Its cost of equity is 12%. Management considers borrowing $10 million at a cost of 5%
per annum. They will use the money to buy back stocks. The Bakery pays no taxes.
a. After the buy back, what will be the cost of equity?
b. what will be the weighted average cost of capital of the Bagel Bakery?
a. Cost of Equity The cost of equity can be found using the Capital Asset Pricing Model (CAPM), which is expressed as follows: Cost of equity = Rf + β (Rm – Rf)where: Rf = Risk-free rate of returnβ = Beta coefficient Rm = Expected return of the market After the repurchase of shares, the number of outstanding shares will decrease to 1.8 million. As a result, the market value of the equity will be reduced from $24 million to $21.6 million. The firm's new cost of equity can be calculated using the following formula:
Cost of equity = (Dividend per share/Market value per share) + Growth rate Since The Bakery pays no dividends and has no expected growth, the cost of equity will be equal to the expected rate of return, which is 12%.Therefore, the cost of equity after the buyback is still 12%.b. Weighted Average Cost of Capital (WACC)The weighted average cost of capital (WACC) is a measure of the cost of capital that takes into account the firm's cost of equity and cost of debt, as well as the proportion of each source of capital in the firm's capital structure. The formula for calculating WACC is as follows: WACC = (E/V) * Re + (D/V) * Rd * (1 – T) where: E = Market value of equity D = Market value of debt V = Total market value of the firm Re = Cost of equity Rd = Cost of debt T = Corporate tax rate Since The Bakery is an all-equity firm, it has no debt in its capital structure. Therefore, the WACC can be calculated as follows: WACC = E / V * Re WACC = (2,000,000 * $12) / (2,000,000 * $12) * 12%WACC = 12%Therefore, the WACC of The Bakery is 12%.
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Wildhorse Company expects to have a cash balance of $47,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January $101.000; February $158,000 2 Payments to suppliers: January $61,000; February $82.000 3. Direct labour: January $31,000. February $45,000. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $25,000: February $32,000. These costs include depreciation of $1.000 per month. All other overhead costs are paid as incurred. 5. Selling and administrative expenses:
Cash balance for the end of January will be $47,000 + $101,000 - $142,000 = $6,000. Therefore, the company's cash balance at the end of January 2022 will be $6,000.
Selling and administrative expenses refer to expenses incurred to handle the selling and general administration of the company. Such expenses are crucial to the effective operation of the company.
The relevance of the expenses is often seen in the way the company's employees undertake their duties and the results from their activities. Examples of selling and administrative expenses are such as; salaries, office supplies, rent, and utilities. For Wildhorse Company, the monthly budget data for the first two months of 2022 for selling and administrative expenses are as follows: January $25,000 and February $28,000.
To determine the company's cash balance for the end of January 2022, the following formula can be used;Cash balance = Beginning cash balance + Cash receipts – Cash disbursements.
The total cash receipts for January 2022 are $101,000 from customers, and the total cash disbursements are $61,000 for payments to suppliers, $31,000 for direct labor, $25,000 for manufacturing overhead and $25,000 for selling and administrative expenses. This gives a total of $142,000 in cash disbursements.
Cash balance for the end of January will be $6,000
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The Bibble Company Limited, is a retailer of boxes, shoes and home appliances. The company has a staff of 1000 employees. Bibble company limited, has been ranked by the Association of Ghana Industry as one of the best company to work for, and has received awards for its people management strategies. The company’s success is attributed to good leadership, ethical values, good policies, good technology and a strong customer service philosophy, which allows employees to take ownership and make decisions they believe will benefit the customer. The company invests in training of its employees. Employees are paid 70-100 percent above the industry average, financial information is shared with employees and benefits are offered to both full and part time employees. Until recently, managers were responsible for many traditional human resource management functions such as attracting, motivating, and retaining employees. This is based on the philosophy that because managers are closest to employees, they best understand what human resource management practices are necessary. a. What suggested title will you give to this case study, and justify this (2 marks) b. Identify and discuss all the Human Resource Management (HRM) issues in this case study. (15 marks) c. Do you think the manager’s role in human resource management (HRM) should grow, shrink or remain the same? Explain? (4 marks) d. Explain what human resource practitioners should be responsible for in the management of staff? (4 marks) Total (25 marks).
a. The title suggested for the case study is "Best Company to Work For: Bibble Company Limited."
b. The Human Resource Management (HRM) issues identified in this case study include training of employees, compensation, management of human resources functions, recognition, ethical values.
c. The manager’s role in human resource management (HRM) should grow.
d. In the management of staff, human resource practitioners should be responsible for recruitment, selection, training and development of employees, performance management, compensation, employee relations and compliance with laws, diversity and inclusion, and occupational health and safety.
a. The suggested title for this case study should be "Best Company to Work For: Bibble Company Limited." The title of the case study should reflect the main focus of the article. The primary theme of this case study is Bibble Company Limited being the best company to work for, which has been supported by various factors such as strong customer service philosophy, good leadership, ethical values, good policies, good technology, and the training of its employees. Therefore, the suggested title for this case study should be "Best Company to Work For: Bibble Company Limited."
b. The Human Resource Management (HRM) issues identified in this case study are as follows:
1. Training of employees - The company invests in the training of its employees, which is essential in helping them acquire new skills, improving their work performance, and boosting their motivation and engagement.
2. Compensation - Employees are paid between 70% to 100% above the industry average. Financial information is also shared with the employees, and benefits are offered to both full and part-time employees. This helps to improve their job satisfaction and loyalty to the company.
3. Management of human resources functions - Managers were responsible for many traditional human resource management functions such as attracting, motivating, and retaining employees. This approach is based on the belief that managers are closest to employees and best understand what human resource management practices are necessary.
4. Recognition - The company has been ranked as one of the best companies to work for by the Association of Ghana Industry and has received awards for its people management strategies. This helps to improve employee morale and engagement.
5. Ethical values - The company has good ethical values, which can help to create a positive work environment that fosters trust, honesty, and transparency.
c. The manager’s role in human resource management (HRM) should grow in Bibble Company Limited. This is because managers are closest to employees and best understand what human resource management practices are necessary. They can also develop a deeper understanding of employee needs and motivation, which can help improve the HRM function. It can also help reduce the workload of HR managers, which can help to create more time to focus on other strategic HRM issues.
d. Human resource practitioners should be responsible for the following in the management of staff:
1. Recruitment and selection of employees
2. Training and development of employees
3. Performance management
4. Compensation and benefits administration
5. Employee relations
6. Compliance with labor laws and regulations
7. Diversity and inclusion
8. Occupational health and safety.
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bandura's notion of reciprocal determinism assumes that human conduct results from an interaction of behavior, personal factors
Reciprocal determinism can help to explain the complex relationships between behavior, personal factors, and the environment in shaping human conduct.
Albert Bandura's notion of reciprocal determinism assumes that human conduct results from an interaction of behavior, personal factors, and the environment. Human behavior and external stimuli are interdependent and interact to shape an individual's character or personality.
As a result, an individual's behavior can be influenced by the people and situations around them. The three components of reciprocal determinism are behavior, the environment, and personal factors.
The behavior of an individual is influenced by their personal factors, which can include attitudes, expectations, and past experiences. Personal factors also influence the environment, which, in turn, can influence an individual's behavior.
For instance, if an individual believes that they are capable of succeeding in a particular task, they are more likely to attempt the task and achieve success.
This notion can be applied to the education sector. Personal factors such as attitudes and expectations of students towards education influence their behavior in school. Furthermore, the school environment, including teachers, peers, curriculum, and resources, affects students' learning and behavior.
Therefore, reciprocal determinism can help to explain the complex relationships between behavior, personal factors, and the environment in shaping human conduct.
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Explain Nestle NZ’s supply chain - including upstream and downstream supply chain (4 marks) • Explain 3 issues Nestle NZ might encounter when managing their supply chain (5 marks) • Discuss solutions for each of those 3 issues using Enterprise Resource Planning systems
Nestle NZ is one of the world’s largest food and beverage manufacturers. The company sources raw materials from all over the world, processes them, and distributes the final products. Nestle’s supply chain is a complex network of relationships between suppliers, manufacturers, distributors, and customers that spans the globe.
Upstream supply chainNestle's upstream supply chain refers to the process of sourcing raw materials, including sugar, coffee, cocoa, milk, and other ingredients from all over the world. Nestle NZ relies on farmers from New Zealand to supply milk. Downstream supply chainNestle NZ's downstream supply chain refers to the process of transporting, processing, and distributing the finished products to the end-user. After the raw materials have been sourced, they are transported to the manufacturing plant where they are processed into final products. The final products are then distributed to the customers via retailers, wholesalers, or e-commerce channels. Issues faced by Nestle NZ in managing its supply chain include:1. High transportation costs: Nestle NZ sources its raw materials from all over the world, which increases transportation costs. High transportation costs reduce Nestle NZ's profit margins.2. Supply chain visibility: Nestle NZ has a complex supply chain, which makes it difficult to track and monitor the movement of goods. A lack of visibility can lead to delays, stockouts, and other problems.3. Quality control: Nestle NZ is committed to ensuring that its products are of the highest quality. However, maintaining quality standards can be a challenge when sourcing raw materials from different suppliers across the globe. Solutions to these issues using Enterprise Resource Planning (ERP) systems include:1. Reduce transportation costs: An ERP system can help Nestle NZ optimize its supply chain and reduce transportation costs by providing visibility into the supply chain. An ERP system can also help Nestle NZ plan production and transportation schedules more efficiently.2. Improve supply chain visibility: An ERP system can help Nestle NZ improve supply chain visibility by providing real-time data on the movement of goods. An ERP system can also provide alerts when there are any delays or issues with the supply chain.3. Enhance quality control: An ERP system can help Nestle NZ maintain quality standards by tracking and monitoring the movement of goods. An ERP system can also provide quality control checks at every stage of the supply chain to ensure that all products meet Nestle NZ's quality standards. Overall, an ERP system can help Nestle NZ streamline its supply chain and reduce costs while maintaining high quality standards.
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Riverbed Company is proposing to spend $275,000 to purchase a machine that will provide annual cash flows of $52.000 over a 10- year period. The appropriate present value factor for 10 periods is 5.65022. Click here to view PV tables. Compute the proposed investment's net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,275.) Net present value $ _______ Indicate whether the investment should be made by Riverbed Company.
The net present value (NPV) for Riverbed Company of the proposed investment to purchase a machine is -$8,772.
To calculate the net present value (NPV), we multiply the annual cash flow of $52,000 by the appropriate present value factor for 10 periods, which is 5.65022:
NPV = Annual cash flow × Present value factor
NPV = $52,000 × 5.65022
NPV = $293,110.44
However, since the initial investment cost is $275,000, the NPV is calculated as:
NPV = Present value of cash inflows - Initial investment
NPV = $293,110.44 - $275,000
NPV = -$8,772.56
The negative NPV indicates that the proposed investment has a negative present value. This means that the investment's expected returns, as discounted to their present value, are lower than the initial investment cost.
Based on the negative NPV, it is not recommended for Riverbed Company to proceed with this investment, as it is expected to result in a net loss when considering the time value of money.
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Provide
an example of a multi-table join. 2 Part Question
•
Present the SQL
Server code and describe its purpose. When would it be appropriate
to use? The example can be one you develop from scratc
Example of a multi-table join using SQL Server: Consider the following scenario with two tables: "Customers" and "Orders.
" The "Customers" table contains information about customers, including their unique IDs, names, and addresses. The "Orders" table contains information about orders placed by customers, including the order IDs, customer IDs, and order dates.
To retrieve data that combines information from both tables, you can use a multi-table join.Here's an example of SQL Server code that performs a multi-table join:
SELECT Customers.CustomerID, Customers.Name, Orders.OrderID, Orders.OrderDate
FROM Customers
JOIN Orders ON Customers.CustomerID = Orders.CustomerID;
In this code, the "JOIN" keyword is used to combine the "Customers" and "Orders" tables based on the common column "CustomerID." The SELECT statement specifies the columns to retrieve from both tables.
This code would be appropriate to use when you want to retrieve information that is related across multiple tables. For example, if you need to fetch customer details along with their corresponding order information, a multi-table join allows you to combine the relevant data in a single query. It avoids the need for separate queries and simplifies the retrieval of comprehensive information from multiple related tables.
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the throwback rule requires that: group of answer choices sales of tangible personal property are attributed to the state where they originated if the taxpayer is not taxable in the state of destination. when an asset is sold, any recognized gain from depreciation recapture is taxed at the rates that applied when the depreciation deductions were claimed. sales of services are attributed to the state of the seller's domicile. capital gain/loss is attributed to the state of the seller's domicile.
According to the throwback rule, sales of tangible personal property are attributed to the state where they originated if the taxpayer is not taxable in the state of destination. Explanation:This is the main answer to the question.
The throwback rule is a sales tax principle that applies when a taxpayer sells tangible personal property and cannot pay tax on the sale in the state of destination. In this case, the sale is "thrown back" to the state of origin, where it is taxed. The rule was established in order to prevent businesses from evading sales taxes by establishing themselves in states with lower rates of taxation. When an asset is sold, any recognized gain from depreciation recapture is taxed at the rates that applied when the depreciation deductions were claimed. This means that when an asset is sold, any gain from recaptured depreciation is taxed at the rate that applied when the original deduction was claimed.
Sales of services are attributed to the state of the seller's domicile. This means that when a service is sold, the sale is attributed to the state where the seller is located. Capital gain/loss is attributed to the state of the seller's domicile. This means that when a capital asset is sold, the gain or loss is attributed to the state where the seller is located.
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An assembly line requires two components: gadjits and widjits. Gadjits are produced by center 1 and widjits are produced by center 2. Each unit of the end item, called a jit-together, requires 3 gadjits and 2 widjits. The daily production quota on the assembly line is 900 jit-togethers. The container for gadjits holds 75 units. The policy variable for center 1 is set at 0.05. The average waiting time for a container of gadits is 0.07 day, and 0.05 day is needed to produce a container. The container for widjits holds 40 units, and the policy variable for center 2 is 0.07. The average waiting time per container of widjits is 0.11 day, and the time required to process a container is 0.26 day. a. How many containers are needed for gadjits? ___ containers. (Enter your response rounded up to the next whole number.) b. How many containers are needed for widjits? ___ containers. (Enter your response rounded up to the next whole number.)
a. The number of containers needed for gadgets is 40 containers.
b. The number of containers needed for widgets is 70 containers.
a. To determine the number of containers needed for gadgets, we divide the daily production quota of 900 get-togethers by the number of gadgets required per unit (3). This gives us 3000 gadgets. Since each container holds 75 gadgets, we divide 3000 by 75 to get 40 containers.
b. For widgets, we divide the daily production quota of 900 get-togethers by the number of widgets required per unit (2). This gives us 1800 widgets. Since each container holds 40 widgets, we divide 1800 by 40 to get 45 containers. However, since the policy variable for center 2 is set at 0.07, we multiply 45 by (1 + 0.07) to account for the additional containers needed, which equals approximately 70 containers.
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Describe your last outstanding and horrible customer service experiences. How did it affect your attitude toward the firm? How did it affect your purchase behavior? What type of service gap(s) caused your horrible service experience? What type of service recovery the firm tried to solve your problem?
Horrible customer service can harm a customer's opinion of a company and affect their buying habits. Companies must find and fix service issues and use effective recovery strategies to regain trust and show their dedication to good customer service.
A horrible customer service experience can greatly impact a customer's attitude toward a firm. If a customer encounters rude or unhelpful representatives, long wait times, or a lack of resolution to their issue, they are likely to feel frustrated, undervalued, and even angry.
Such negative experiences can lead to a loss of trust and a diminished perception of the firm's commitment to customer satisfaction. The impact on purchase behavior can be significant. Customers who have had a horrible customer service experience may be less inclined to continue doing business with the firm or recommend it to others.
They may actively seek alternatives, explore competitors, or share their negative experiences with friends, family, or on online platforms, potentially damaging the firm's reputation. A service gap is the difference between customer expectations and the actual service provided.
In the case of a horrible service experience, one or multiple service gaps may have caused dissatisfaction. These gaps can include poor communication, untrained or unmotivated staff, inefficient processes, or a lack of empathy toward the customer's issue.
To recover from a horrible service experience, a firm can take various actions. They may offer a sincere apology, provide a resolution to the customer's problem, offer compensation or a refund, or implement measures to prevent similar issues in the future. Service recovery is essential to rebuilding trust and restoring the customer's faith in the firm.
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mauro products distributes a single product, a woven basket whose selling price is $26 per unit and whose variable expense is $23 per unit. the company’s monthly fixed expense is $4,500.
1. Calculate the company's break-even point in unit sales.
2. Calculate the company's break-even point in dollar sales.
The company's break-even point in unit sales is 1,500 units. The company's break-even point in dollar sales is $39,000.
1. To calculate the company's break-even point in unit sales, we need to determine the number of units the company must sell to cover its fixed and variable expenses. The formula to calculate the break-even point in units is:
Break-even point (in units) = Fixed expenses / Contribution margin per unit
Contribution margin per unit = Selling price per unit - Variable expense per unit
Given that the selling price per unit is $26 and the variable expense per unit is $23, the contribution margin per unit is:
Contribution margin per unit = $26 - $23 = $3
Now we can calculate the break-even point in units:
Break-even point (in units) = $4,500 / $3 = 1,500 units
Therefore, the company needs to sell 1,500 units to break even.
2. To calculate the break-even point in dollar sales, we multiply the break-even point in units by the selling price per unit. This gives us the total sales revenue required to cover the fixed and variable expenses. The formula to calculate the break-even point in dollar sales is:
Break-even point (in dollar sales) = Break-even point (in units) x Selling price per unit
Using the break-even point in units calculated earlier (1,500 units) and the selling price per unit ($26), we can calculate the break-even point in dollar sales:
Break-even point (in dollar sales) = 1,500 units x $26 = $39,000
Therefore, the company needs to generate $39,000 in sales revenue to break even.
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Problem III.3 [14 points] Pollution charge and permits for polluting Consider an area with 2 big polluters. Each pollutes 10 tons of particulate matter (PM) per y but the cost for each polluter to reduce ("abate") pollution differs: To reduce annual PM pollution by A, tons per year, it costs polluter 1 TAC)-$1.25* millions. To reduce annual PM pollution by A2 tons per year, it costs polluter 2 TAC2 $0.3125* A₂² millions. III.3.A [6 points] The local EPA decides to charge each polluter $5 millions per ton of PM emitted per year, so if polluter I abates pollution by A₁ tons per year, she will need to pay an annual tax of $5*(10-A₁) millions, and likewise for polluter 2. Assuming that each polluter is a cost minimizer (so that polluter "" seeks to minimize TAC+$5*(10-A)), what will each polluter do? How much will total PM pollution be reduced 05/17/22 after the $5 million/ton PM tax? III.3.B [6 points] Instead of taxing each polluter, the local EPA decided to create a market for pollution. A polluter can pollute only if he/she has enough pollution permits (he/she is fined an extremely high fine if he/she cheats). The local EPA gives each polluter permits for emitting 5 tons of PM per year (assume I permit gives the right to emit 1 ton of PM per year). Assume that each polluter is a cost minimizer, so that in equilibrium the price of a permit equals its marginal abatement cost (the derivative with respect to abatement of TAC). In equilibrium, what will each polluter do? III.3.C [2 points] How do these 2 approaches differ for the 2 polluters and for the local government?
III.3.A: In this situation, both polluters will be trying to minimize the cost of tax and abatement cost. Let's find out the amount that each polluter will abate.A1= 4 (Polluter 1 will abate 4 tons of PM)A2= 1.33 (Polluter 2 will abate 1.33 tons of PM)In the end, the total PM pollution will be reduced by 5.33 tons of PM (4 + 1.33).
III.3.B:Under the given situation, let's assume that each polluter has a marginal abatement cost, and the local EPA gives 5 permits, which means that each polluter can emit 5 tons of PM per year and the price of the permit equals the marginal abatement cost. Let's calculate the equilibrium point for each polluter.A1= 2.43 (Polluter 1 will buy 2.43 permits)A2= 0.87 (Polluter 2 will buy 0.87 permits)Therefore, the total PM pollution will be reduced by 5.3 tons of PM.
III.3.C:In the tax approach, the EPA charges a certain amount of money for each polluter for emitting 1 ton of PM. Both polluters have to pay a certain amount to the government depending on how much they are polluting. This method is known as the Pollution Charge Method or Pigovian tax.
On the other hand, in the permit approach, the local government issues a certain number of permits to polluters that allow them to emit a certain amount of PM. These permits can be bought and sold in the market, and their price varies depending on the supply and demand of the market. This method is known as Cap and Trade.
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AppleBanana Company has projected the following quarterly sales amounts for the coming year.
Q1 Q2 Q3 Q4
Sales 400.00 450.00 500.00 550.00
Accounts receivable at the beginning of the year are 250. The company has a 45-day collection period. What is the ending receivables at the end of Q3? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16)
The ending receivables at the end of Q3 are $764.52.
The formula for ending receivables is:
Ending receivables = Beginning receivables + Credit sales during the period - Cash collections during the period
For Q1: Beginning receivables = $250Credit sales during the period = $400.00
Ending receivables = Beginning receivables + Credit sales during the period - Cash collections during the period= $250 + $400 - $400 * 45 / 365= $293.15 (Round intermediate calculations to 2 decimal places)
For Q2: Beginning receivables = Ending receivables from Q1Credit sales during the period = $450.00
Ending receivables = Beginning receivables + Credit sales during the period - Cash collections during the period= $293.15 + $450 - $450 * 45 / 365= $564.38 (Round intermediate calculations to 2 decimal places)
For Q3: Beginning receivables = Ending receivables from Q2Credit sales during the period = $500.00
Ending receivables = Beginning receivables + Credit sales during the period - Cash collections during the period= $564.38 + $500 - $500 * 45 / 365= $764.52 (Round intermediate calculations to 2 decimal places)
Hence, the ending receivables at the end of Q3 are $764.52.
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Congress decided to begin a fiscal policy, but argued for weeks about how to do it. Once they agreed on a plan, the president had to deliberate and consult his cabinet members before signing it. This is an example of _____ O a recognition lag O a crowding-out lag O an impact lag an implementation lag
The correct answer is Implementation lag.The situation described, where Congress debates and takes weeks to agree on a fiscal policy, and then the president deliberates and consults with cabinet members before signing it, exemplifies an implementation lag.
An implementation lag refers to the time it takes for policymakers to put a policy into effect after a decision has been made.
In this case, the recognition lag, which is the time it takes for policymakers to identify an issue or problem, has already passed since Congress acknowledged the need for a fiscal policy. The crowding-out lag, which refers to the delay caused by the displacement of private sector activities due to government spending, is not relevant to this scenario.
The impact lag, which is the time it takes for the policy to produce noticeable effects on the economy, has not yet occurred since the policy has not been implemented. The final step of the president signing the policy after deliberation and consultation with cabinet members indicates the delay in implementation, making it an example of an implementation lag.
The scenario provided exemplifies an implementation lag, as policymakers have taken time to agree on a fiscal policy, and the president has deliberated and consulted before signing it into effect.
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what is the most important activity in marketing-oriented health education?
The most important activity in marketing-oriented health education is understanding the target audience. In order to effectively promote health education and influence behavior change, it is essential to have a deep understanding of the target population's needs, preferences, attitudes, beliefs, and behaviors.
Understanding the target audience allows health educators to tailor their messages, interventions, and strategies to effectively communicate with and engage individuals. This involves conducting research, collecting data, and analyzing the characteristics and demographics of the target population. By gaining insights into their motivations, barriers, and challenges, health educators can develop relevant and impactful health education programs.
This activity includes identifying the specific health issues or concerns faced by the target audience and aligning the educational content to address those needs. It involves identifying the most effective communication channels and methods to reach the target population, such as social media, community events, healthcare settings, or schools. It also includes considering cultural, linguistic, and socioeconomic factors that may influence the effectiveness of health education efforts.
By understanding the target audience, health educators can create tailored messages, develop engaging materials, and deliver interventions that resonate with the individuals they aim to reach. This approach enhances the likelihood of capturing their attention, increasing their understanding of health information, and motivating them to adopt healthy behaviors.
Overall, understanding the target audience is crucial in marketing-oriented health education as it ensures that the educational efforts are relevant, impactful, and effectively promote positive health outcomes.
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Two answers from the below 20 are incorrect and I don't know which ones they are please help me.
1. A database is a collection of raw data from both the internal and external sources. True
2. Metadata refers to the integrity and reliability of the data. True
3. The name of the field, its datatype, and description are examples of metadata. True
4. A DBMS is software that helps manage the operating system. False
5. A database application system consists of forms, reports, and database programs. True
6. A spreadsheet is just another type of relational database. False
7. A (blank) is a self-describing collection of integrated records. database
8. A group of similar rows or records is called a (blank). table
9. A database consists of (blank). relationships, rows, tables
10. (blank) are keys in a different table from the one in which they reside. foreign keys
Based on the provided statements, the two incorrect answers are as follows:
1. A database is a collection of raw data from both the internal and external sources. True. (This statement is correct.)
2. Metadata refers to the integrity and reliability of the data. True. (This statement is incorrect. Metadata refers to information about the data, such as the name of the field, its datatype, and description, but it does not specifically refer to integrity and reliability.)
Therefore, statement 2 is incorrect.
A database is a structured collection of data that is organized and stored in a way that allows for efficient retrieval, manipulation, and management. It is designed to facilitate the storage, retrieval, modification, and deletion of data, providing a reliable and efficient way to store and access large amounts of information.
In a database, data is organized into tables, which consist of rows and columns. Each row represents a single record or entity, while each column represents a specific attribute or characteristic of that record. The relationships between tables are defined by keys, such as primary keys and foreign keys, which establish connections and dependencies between the data.
Databases are widely used in various applications and industries, ranging from simple personal record-keeping to complex enterprise systems. They serve as the foundation for data-driven applications, allowing users to store, retrieve, and analyze information efficiently.
Metadata refers to data that provides information about other data. It describes various attributes of the data, such as its structure, format, meaning, and relationships with other data elements. Metadata is essential for understanding and managing data effectively. It helps to ensure data quality, integrity, and usability.
There are different types of metadata, including:
1. Descriptive Metadata: It describes the content and characteristics of the data. For example, it may include information such as the title, author, date created, and keywords associated with a document.
2. Structural Metadata: It describes how the data is organized and structured. In the context of databases, it may include information about tables, columns, data types, relationships, and constraints.
3. Administrative Metadata: It provides information about the data's administrative aspects, such as its ownership, access controls, security settings, and usage rights.
4. Technical Metadata: It describes the technical details of the data, such as its file format, storage location, data sources, data extraction methods, and data transformation processes.
Metadata plays a crucial role in data management, data integration, data governance, and data analysis. It helps users understand the context and meaning of the data, enables efficient search and discovery, supports data lineage and traceability, and facilitates data interoperability across different systems and applications.
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Part 1: You are spending the summer working for a local wholesale furniture company, Samson Furniture, Inc. The company is considering a proposal from a local financial institution, Old Reliant Financial, to factor in Samson's receivables. The company controller is unfamiliar with the prevailing GAAP that details accounting for the transfer of financial assets and has asked you to do some research. The controller wants to make sure the arrangement with the financial institution is structured in such a way as to allow the factoring to be accounted for as a sale. Old Reliant has offered to factor in all of the company's receivables on a "without recourse" basis. Old Reliant will remit to Samson 90% of the factored amount, collect the receivables from Samson's customers, and retain the remaining 10% until all of the receivables have been collected. When Old Reliant collects all of the receivables, it will remit to Samson the retained amount, less a 4% fee (4% of the total factored amount). 1. What is the meaning of the term "without recourse?" 2. Use the FASB Accounting Standards Codification (see the Required Resources Link in Module One) to access the relevant authoritative literature on accounting for the transfer of financial assets. What conditions must be met for a transfer of receivables to be accounted for as a sale (or, in accounting terms, "derecognized")? 3. What is the specific citation that Samson would rely on in applying that accounting treatment? 4. Assuming that the conditions for treatment as a sale are met, prepare Samson's journal entry to record the factoring of $400,000 of receivables. Assume that the fair value of the last 10% of Samson's receivables is equal to $25,000. 5. An agreement that both entitles and obligates the transferor, Samson, to repurchase or redeem transferred assets from the transferee, Old Reliant, maintains the transferor's effective control over those assets, and the transfer is accounted for a secured borrowing, not a sale, if and only if what conditions are met?
"Without recourse" means Samson isn't liable if its customers fail to pay Old Reliant.
When can receivables be derecognized?According to FASB ASC 860-10-40, receivables can be derecognized if: the assets are isolated from the transferor, the transferee obtains the right to pledge or sell, and the transferor doesn't maintain control.
Samson would apply FASB ASC 860-10-40 for this transaction.
Journal entry:
Debit Cash $360,000 (90% of $400,000)
Debit Due from Factor $35,000 ($40,000 - $5,000 fee)
Credit Accounts Receivable $400,000
If Samson is both entitled and obligated to repurchase the assets, the transfer is accounted for as a secured borrowing, not a sale, if Samson maintains effective control over the assets, as per FASB ASC 860-10-40.
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When the book you need from the local library is not on the shelf, it can be located by using the library category system. This type of aggregation is called
a. Postponement
b. Information centralization
c. Physical aggregation
d. Specialization
When the book you need from the local library is not on the shelf, it can be located by using the library category system. This type of aggregation is called b. Information centralization
Information centralization refers to the practice of gathering and organizing relevant data in a centralized location or system for easy access and retrieval. In the context of the local library, when a book is not available on the shelf, it can be located by referring to the library's category system, which acts as a centralized source of information.
The library category system, often organized by subject, author, or classification, allows librarians and users to locate specific books by consulting the catalog or database. By centralizing information about book titles, authors, and their corresponding locations within the library, users can efficiently identify where a book is located even if it is not currently on the shelf.
Options a. (Postponement), c. (Physical aggregation), and d. (Specialization) do not accurately describe the process of using the library category system to locate a book. Postponement refers to delaying certain activities or decisions until closer to the time of need. Physical aggregation relates to the consolidation of physical items or resources. Specialization pertains to the focus and expertise in a specific area.
Therefore, the correct answer is b. Information centralization, as it best describes the practice of using the library category system as a centralized source of information to locate books that are not readily available on the shelf.
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When the book you need from the local library is not on the shelf, it can be located by using the library category system. This type of aggregation is called b. Information centralization
Information centralization refers to the practice of gathering and organizing relevant data in a centralized location or system for easy access and retrieval. In the context of the local library, when a book is not available on the shelf, it can be located by referring to the library's category system, which acts as a centralized source of information.
The library category system, often organized by subject, author, or classification, allows librarians and users to locate specific books by consulting the catalog or database. By centralizing information about book titles, authors, and their corresponding locations within the library, users can efficiently identify where a book is located even if it is not currently on the shelf.
Options a. (Postponement), c. (Physical aggregation), and d. (Specialization) do not accurately describe the process of using the library category system to locate a book. Postponement refers to delaying certain activities or decisions until closer to the time of need. Physical aggregation relates to the consolidation of physical items or resources. Specialization pertains to the focus and expertise in a specific area.
Therefore, the correct answer is b. Information centralization, as it best describes the practice of using the library category system as a centralized source of information to locate books that are not readily available on the shelf.
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You are given the following information for Troiano Pizza Company: Sales = $80,000; Costs = $33,900; Addition to retained earnings = $7,300; Dividends paid = $2,460; Interest expense = $6,000; Tax rate = 21 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
What is the depreciation expense?
Troiano Pizza Company's sales are $80,000, costs are $33,900, retained earnings are $7,300, Dividend is $2,460, and the Tax rate is 21%. Troiano Pizza Company's depreciation expense is $48,276.
To calculate the depreciation expense, we need to use the information provided and apply the formula for calculating net income:
Net Income = Sales - Costs - Depreciation - Interest Expense - Taxes
Sales = $80,000
Costs = $33,900
Addition to retained earnings = $7,300
Dividends paid = $2,460
Interest expense = $6,000
Tax rate = 21%
We can rearrange the formula to solve for depreciation:
Depreciation = Sales - Costs - Net Income + Interest Expense + Taxes
First, let's calculate net income:
Net Income = Addition to retained earnings - Dividends paid
Net Income = $7,300 - $2,460
Net Income = $4,840
Now we can substitute the values into the depreciation formula:
Depreciation = $80,000 - $33,900 - $4,840 + $6,000 + ($4,840 * 0.21)
Depreciation = $80,000 - $33,900 - $4,840 + $6,000 + $1,016.40
Depreciation = $47,260 + $1,016.40
Depreciation ≈ $48,276.40
Rounded to the nearest whole number, the depreciation expense is $48,276.
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Accounts payable management is management by the firm of the time that elapses between
a.Its purchase of raw materials and its mailing payment to the supplier
b. Its sale of raw materials and its mailing payment to the supplier
c. Its purchase of raw materials and receipt of payment from the supplier
d. Its sale of raw materials and receipt of payment from the supplier
Answer:
Accounts payable management refers to the process by which a firm handles the time between its purchase of raw materials and its payment to the supplier. Therefore, the correct option is:
a. Its purchase of raw materials and its mailing payment to the supplier.
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Company Z borrows EUR 1 million from the Bank at an annual interest rate of 3,5% for one year. The corporate tax that company Z is paying ia of 50%.
Calculate the Tax shield.
The Tax Shield for Company Z is EUR 17,500. This represents the tax savings resulting from deducting the interest expense from the taxable income.
The Tax Shield for Company Z is EUR X.
The Tax Shield is calculated by multiplying the tax rate by the interest expense. In this case, Company Z borrowed EUR 1 million from the Bank at an annual interest rate of 3.5% for one year.
The interest expense is calculated by multiplying the borrowed amount (EUR 1 million) by the interest rate (3.5%), resulting in EUR 35,000.
Next, we calculate the tax shield by multiplying the interest expense (EUR 35,000) by the corporate tax rate of 50%.
Tax Shield = Interest Expense * Tax Rate = EUR 35,000 * 0.5 = EUR 17,500.
Therefore, the Tax Shield for Company Z is EUR 17,500. This represents the tax savings resulting from deducting the interest expense from the taxable income.
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What is the present value of $1,000 to be received in one year at
an interest rate of 8%?
Select one:
a.
$1080
b.
$925.93
c.
$1075
d.
None of the above
The present value of $1,000 to be received in one year at an interest rate of 8% is not provided in the given answer choices. Therefore, the correct option is D "None of the above."
To calculate the present value of $1,000 to be received in one year at an interest rate of 8%, we can use the formula for present value:
[tex]\text{Present Value} = \frac{\text{Future Value}}{(1 + \text{Interest Rate})^{\text{Time}}}[/tex]
Substituting the values into the formula:
Future Value = $1,000
Interest Rate = 8% or 0.08 (expressed as a decimal)
Time = 1 year
Calculating the present value:
Present Value = $1,000 / (1 + 0.08)^1
By evaluating this calculation, the present value of $1,000 to be received in one year at an interest rate of 8% can be determined. However, since none of the provided answer choices matches the correct value, the correct option is D "None of the above."
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On July 1, 20x1, Lala Home Store shipped 150 ovens, costing P9,000 each on consignment basis to SM Aura to be sold at P15,000 each. The consignee is to be allowed a 15% commission. Lala Home Store incurred P15,000 in shipping the 150 units. The agreement requires that SM Aura will advance 50% of the cost of the oven, to be applied to periodic remittances in proportion to the units sold. Any expenses related to the consigned units incurred by SM Aura are also deductible from the remittance. On October 31, 20x1, SM Aura rendered an account sale that includes the following deductions: Advertising costs, P15,000; delivery expenses to customers of P350 per unit; commission of P146,250. REQUIRED: Amount remitted to Lala Home Store______
the amount remitted to Lala Home Store on October 31, 20x1, is P1,170,000.
To calculate the amount remitted to Lala Home Store on October 31, 20x1, we need to consider the total sales proceeds, deduct the expenses incurred by SM Aura, calculate the commission, and adjust for the advance payment.
Total Sales Proceeds:
The total sales proceeds can be calculated by multiplying the number of ovens sold by the selling price per unit:
Total Sales Proceeds = 150 units * P15,000 = P2,250,000.
Deductions:
SM Aura incurred advertising costs and delivery expenses per unit, which are deductible from the remittance:
Deductions = Advertising costs (P15,000) + Delivery expenses per unit (P350 * 150 units) = P15,000 + P52,500 = P67,500.
Commission:
The commission is calculated as a percentage of the total sales proceeds:
Commission = 15% * Total Sales Proceeds = 0.15 * P2,250,000 = P337,500.
Adjust for Advance Payment:
SM Aura made an advance payment of 50% of the cost of the ovens. Since the cost per oven is P9,000, the advance payment can be calculated as:
Advance Payment = 50% * Cost per Oven * Number of Units = 0.5 * P9,000 * 150 units = P675,000.
Now, we can calculate the amount remitted to Lala Home Store:
Amount Remitted = Total Sales Proceeds - Deductions - Commission - Advance Payment
Amount Remitted = P2,250,000 - P67,500 - P337,500 - P675,000 = P1,170,000.
Therefore, the amount remitted to Lala Home Store on October 31, 20x1, is P1,170,000.
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In its first month of operations, Vaughn Company made three purchases of merchandise in the following sequence: (1) 330 units at $8. (2) 470 units at $9, and (3) 220 units at $10. Assuming there are 390 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method.
In its first month of operations, Vaughn Company made three purchases of merchandise in the following sequence: (1) 330 units at $8. (2) 470 units at $9, and (3) 220 units at $10. Assuming there are 390 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method.
The FIFO method stands for First-In-First-Out which means that the products that were bought first are also sold first, and the cost of the oldest products are used to calculate the cost of the ending inventory. LIFO stands for Last-In-First-Out, which means that the products that were bought last are also sold first, and the cost of the latest products are used to calculate the cost of the ending inventory. So, given that: Unit purchased 1 = 330Unit cost 1 = $8Unit purchased 2 = 470Unit cost 2 = $9Unit purchased 3 = 220Unit cost 3 = $10Total units on hand = 390(a)
FIFO method: Under the FIFO method, since the first unit purchased is the first one that will be sold, the cost of the first purchase would be the cost of the ending inventory and that is:330 units x $8 = $2640So, the cost of the ending inventory under the FIFO method is $2640.
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(a) The cost of the ending inventory under the FIFO method is $3,900.
(b) The cost of the ending inventory under the LIFO method is $1,600.
The approach which makes the assumption that the initial units bought are the initial ones sold is referred to as The FIFO (First-In, First-Out) . Consequently, the price of the final inventory will be determined by the most recent acquisitions.
The technique in, the most recent purchases are presumed to be the first ones to sell is referred to as LIFO (Last-In, First-Out). In light of this, the price of the final inventory will be determined by the earliest buyers.
(a) FIFO method:
In order to calculate the cost of units sold:
The first 330 units sold will be from Purchase 1 at $8 each: 330 units x $8 = $2,640
The next 60 units sold will be from Purchase 2 at $9 each: 60 units x $9 = $540
Total cost of units sold = $2,640 + $540 = $3,180
The calculation for the cost of the ending inventory:
The remaining 390 units on hand will be from Purchase 3 at $10 each: 390 units x $10 = $3,900
Therefore, the cost of the ending inventory under the FIFO method is $3,900.
(b) LIFO method:
In order to calculate the cost of units sold:
The first 220 units sold will be from Purchase 3 at $10 each: 220 units x $10 = $2,200
The next 170 units sold will be from Purchase 2 at $9 each: 170 units x $9 = $1,530
Total cost of units sold = $2,200 + $1,530 = $3,730
Calculate the cost of the ending inventory:
The remaining 200 units on hand will be from Purchase 1 at $8 each: 200 units x $8 = $1,600
Therefore, the cost of the ending inventory under the LIFO method is $1,600.
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What are the main components of IT Infrastructure of the firm? • What is the Network Infrastructure of the business firm? • What type of Management systems are used in order to manage the data? What are some of the challenges that are faced by the chosen company during the company growth? How well was it able to meet those challenges?
The main components of an IT infrastructure in a business firm typically include hardware, software, network infrastructure, data management systems, and security measures. The network infrastructure of a business firm refers to the interconnected systems and devices that facilitate communication and data transfer within the organization.
This includes local area networks (LANs), wide area networks (WANs), routers, switches, servers, and other networking equipment.
In terms of data management systems, businesses use various software applications and platforms to effectively organize, store, and retrieve data. These may include database management systems (DBMS), customer relationship management (CRM) software, enterprise resource planning (ERP) systems, and content management systems (CMS), among others. These systems help businesses streamline their operations, improve decision-making processes, and enhance overall efficiency.
During company growth, businesses often face several challenges, such as scaling their infrastructure to accommodate increased demand, ensuring data security and privacy, managing and analyzing large volumes of data, and integrating new technologies seamlessly. They may also encounter challenges related to system compatibility, resource allocation, and maintaining a reliable and high-performance network infrastructure.
The extent to which a company is able to meet these challenges depends on various factors, such as the company's resources, technological expertise, and strategic planning. Companies that proactively invest in scalable infrastructure, implement robust security measures, and adopt agile data management systems are generally better equipped to handle growth challenges. Additionally, businesses that prioritize ongoing training and development for their IT staff and foster a culture of innovation are more likely to overcome obstacles and successfully adapt to evolving market conditions.
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What are the steps that an organisation must implement for an
employee performance appraisal. How would each of these steps
benefit the employee and the organisation
The steps that an organisation must implement for an employee performance appraisal are establishing clear standards and expectations, providing regular feedback and communication, collecting and analyzing data, conducting performance appraisal reviews, and implementing performance improvement plans when necessary.
There are various steps that an organisation must implement for an employee performance appraisal, and each of these steps has benefits for both the employee and the organisation. Below are the steps that the organisation must implement:
1: Establishing the Standards and Expectations for Employee Performance
Establishing clear standards and expectations for employee performance is an essential step for employee performance appraisal. When employees know what is expected of them, they are more likely to work towards meeting those expectations.
This step benefits the organisation by providing a framework for evaluating employee performance against established standards and expectations, and it benefits the employee by providing them with clear goals and objectives to work towards.
2: Regular Communication and Feedback
Regular communication and feedback are important for keeping employees engaged and motivated. This step benefits the organisation by providing the opportunity to give employees feedback on their performance and make any necessary adjustments to improve performance. It also benefits the employee by providing them with guidance on how to improve and grow in their role.
3: Data Collection and Analysis
Collecting and analyzing data on employee performance is an essential step for making informed decisions about employee performance. This step benefits the organisation by providing them with data-driven insights into employee performance and identifying areas where improvement is needed. It also benefits the employee by providing them with a clear understanding of how their performance is being evaluated and the areas where they need to improve.
4: Performance Appraisal Review
During the performance appraisal review, the organisation can provide feedback on the employee's performance, discuss any areas where improvement is needed, and set goals for future performance. This step benefits the organisation by providing a framework for evaluating employee performance, identifying areas where improvement is needed, and setting goals for future performance.
It also benefits the employee by providing them with feedback on their performance, identifying areas where they need to improve, and setting clear goals for future performance.
5: Performance Improvement Plan
If an employee's performance is not meeting expectations, a performance improvement plan may be necessary. This step benefits the organisation by providing a framework for addressing performance issues and improving employee performance. It also benefits the employee by providing them with guidance on how to improve and meet performance expectations.
In conclusion, implementing these steps provides clear benefits for both the employee and the organisation. By establishing clear standards and expectations, providing regular feedback and communication, collecting and analyzing data, conducting performance appraisal reviews, and implementing performance improvement plans when necessary, an organisation can improve employee performance and drive success.
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What do you assess in business case for its modelling? A Scope. B. Feasibility OC. No Change. OD. All of the above. Previous nane Time left 0:18:08 Question 2 Not yet answered Marked out of 1.00 Flag
In the business case, the following are assessed for its modelling:A. Scope.B. Feasibility.C. No change.
The correct option is OD. All of the above.
The business case should be modelled by assessing the scope, feasibility, and potential for change. A business case is an analysis of the costs and benefits of a specific proposal that is used to justify investment decisions and provide a framework for planning and management.
It is used to examine the financial and non-financial implications of a proposal before a decision is made on whether to pursue it. financial assessment of the viability of a business idea.
Hence, the answer is D.
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Which of the following statements is correct?
a Capital structure decisions refer to the mix of the firm’s assets and liabilities.
b In capital budgeting decisions, the financial manager tries to identify investment opportunities that don’t cost too much.
c Working capital management includes decisions concerning the firm’s long term liabilities.
d The timing of cash flows is important for capital budgeting decisions.
The correct answer is: d) The timing of cash flows is important for capital budgeting decisions.This statement is correct.
In capital budgeting decisions, the timing of cash flows is a crucial factor to consider. Cash flows associated with investment projects occur over a specific time period, and their timing can impact the project's profitability and overall value. Financial managers need to assess and discount cash flows appropriately to account for the time value of money and make informed investment decisions. By analyzing the timing of cash flows, the financial manager can make informed decisions about which projects to pursue and prioritize.
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Which of these types of sales promotion is NOT usually geared o final consumers?
a. trading stamps
b. push money
c. multipacks
d. point-of-purchase displays
Push money is a type of sales promotion that is typically geared towards intermediaries or salespeople rather than final consumers.
It refers to monetary incentives or rewards given to sales representatives or channel partners to motivate them to sell a particular product or achieve specific sales targets. The purpose of push money is to encourage and incentivize the sales force to promote and push the product to the end consumers.
In contrast, other types of sales promotions such as trading stamps, multipacks, and point-of-purchase displays are directly targeted at final consumers to influence their purchasing decisions and drive sales. These promotions aim to create awareness, generate interest, and incentivize consumers to buy the product.
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5 pts You are trying to find the appropriate price for a share of stock. The stock paid a dividend of $2.00 just yesterday and that is expected to grow by 4% for a year and then settle in at 2% thereafter. If the expected rate of return for the stock is 12%, the whats the appropriate price for the stock? Round your answer to the nearest penny. Mike believes that he has found a perfect stock and wants to purchase it. He believes that the stock will pay a dividend of $3, one year from today and $4, two years from today. Mike believes that he will be able to sell the stock for $42 two years from today, immediately after he receives the second dividend. If the expected rate of return on the company's equity is 11%, what should Mike be willing to pay for the stock today.
1. The appropriate price for the stock with an expected return of 12% would be $26.
2. Mike shall be willing to pay $37.83 for the stock at present if the expected rate of return on company's equity is 11%.
1. The stock paid a dividend of $2.00 just yesterday and that is expected to grow by 4% for a year and then settle in at 2% thereafter.
The expected rate of return for the stock is 12%
To find the appropriate price for a share of stock, we have to calculate its present value and the calculation can be done by the Dividend Discount Model (DDM) or Gordon growth model as follows;
P = D₁ / (r - g)
Where,P is the price of the stock,
D₁ is the dividend per share,
r is the expected rate of return,
g is the growth rate
D₁ = $2.00(1 + 4%) = $2.08 = Expected dividend for the next year
Now, we can apply the formula to find the stock price;
P = $2.08 / (12% - 4%)P = $26.00
The appropriate price for the stock is $26.00.
2. Mike believes that he has found a perfect stock and wants to purchase it. He believes that the stock will pay a dividend of $3, one year from today and $4, two years from today. Mike believes that he will be able to sell the stock for $42 two years from today, immediately after he receives the second dividend.
The expected rate of return on the company's equity is 11%.
To find the present value of the stock, we have to first calculate the present value of the expected dividends, then add it to the present value of the expected selling price.
Present value of dividends,
Discount factor for year 1 = 1 / (1 + r)¹
Discount factor for year 2 = 1 / (1 + r)²
PV(D₁) = D₁ / (1 + r)¹ = $3.00 / (1 + 11%) = $2.70
PV(D₂) = D₂ / (1 + r)² = $4.00 / (1 + 11%)² = $3.09
Present value of the selling price,PV(SP) = SP / (1 + r)² = $42 / (1 + 11%)² = $32.04
Now, we can add the present value of dividends and present value of the selling price;PV = PV(D₁) + PV(D₂) + PV(SP)PV = $2.70 + $3.09 + $32.04 = $37.83
Therefore, Mike should be willing to pay $37.83 for the stock today.
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