Answer:
$84, 200
Explanation:
Calculation for the net cash flows from financing activities that will be reported in the statement of cash flows
Using this formula
Net cash flows =Common stock Proceeds from sales - Cash dividends paid
Let plug in the formula
Net cash flows = 157,000-72,800
Net cash flows =$84, 200
Therefore the net cash flows from financing activities that will be reported in the statement of cash flows is $84, 200
what is free trade in economics
Free trade is the exchange of products and services between nations or subnational areas without the imposition of tariffs, quotas, or other limitations.
Why is free trade named that?Governments cannot apply any import or export quotas, taxes, levies, or duties under the mostly theoretical free trade system. In this regard, protectionism, a defensive trade strategy meant to prevent the prospect of foreign competition, is the antithesis of free trade.
What benefits does free trade offer?Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through free trade agreements, which can serve to enhance regulations governing matters like intellectual property, e-commerce, and public procurement.
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Jimmy export copra to Australia for A $5000 when exchange rate IS KI= A$0.50 What is the total revenue earn from the export?
The total revenue earned from export is 10,000KI.
To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.
Given:
Amount of copra exported = A$5000
Exchange rate: 1 KI = A$0.50
Total revenue = Amount of copra exported * Exchange rate
Total revenue = A$5000 * KI/A$0.50
Simplifying the expression:
Total revenue = A$5000 / (A$0.50/KI)
To divide by a fraction, we can multiply by its reciprocal:
Total revenue = A$5000 * (KI/A$0.50)
Calculating the product:
Total revenue = 5,000 * 2KI
Total revenue = 10,000KI
Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.
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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.
Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.
An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.
Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.
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what’s a president/ director statement
Answer:
director's statement is a written description in which a film director will explain the motive and vision behind making a particular film
Presidential statement is official pronouncements issued by the President of the United States at or near the time a bill is signed into law
Saucony is considering adding a new item to its Hurricane line of running shoes to increase its product line depth. All options would be acceptable EXCEPT: Selected Answer: inserting an item of a price and performance level that fills a gap between two existing items. inserting an item of a price and performance level that fills a gap between two existing items. Answers: adding a new private-label product. adding a lower-priced item that is still capable of satisfying the needs of some customers. adding a higher-priced shoe with a higher performance level.
Except for introducing an additional private-label product, all alternatives would be acceptable. (Choice b)
What do we mean by a product with a private label?A house brand, also known as a private label or private-label trademark, is a product line sold by one firm in competition with products from other companies. Goods sold under a company's own brand but produced by an outsider known as a private label producer are referred to as "private label." In those other words, the business that markets and sells the product is distinct from the business that really manufactures it. One of the most well-known private label brands in the world is Costco's house brand.
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The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls the company’s expenses, records the company’s transactions, and rarely takes vacation?
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice? (2
Q3. At the end of the month, XYZ company’s bank statement is different from the cash book balance. How would the company do the bank reconciliation? (
The risk of not implementing internal control is that it can lead to unethical practices in the workplace.
Internal control refers to the process for assuring the objectives of an organization in operational efficiency and effectiveness. Reliable financial reporting and compliance with laws are vital in internal control.
The risk of not implementing internal control is that it can lead to unethical practices. Also, since there isn't any review of the work done by the financial manager, and this can be risky for the company. This can lead to fraudulent activities.
Since the bank statement is different from the cash book balance, the bank can reconcile this by getting the bank records. This can be done through the checking of appropriate debit and credit transactions in the bank records.
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An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The discount rate is 11 percent.
A. What is the discounted payback period for these cash flows if the initial cost is $6,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
B. What is the discounted payback period for these cash flows if the initial cost is $10,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
A. The discounted payback period for these cash flows if the initial cost is $6,400 is 3 years.
B. The discounted payback period for these cash flows if the initial cost is $10,400 is 4 years.
What is the discounted payback period?The discounted payback period shows when the discounted cash inflows will meet the present value of the cash outflows.
Data and Calculations:Year Cash inflows Discount Discounted
Factor Value
Year 1 $2,800 0.901 $2,522.80
Year 2 $3,700 0.812 3,004.40
Year 3 $5,100 0.731 3,728.10
Year 4 $4,300 0.659 2,833.70
Total discounted value (cash inflows) $12,089
Cash outflow = $6,400
Discounted payback period = 3 years
Cash outflow = $10,400
Discounted payback period = 4 years
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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.
In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.
As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.
In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.
As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.
Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.
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Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
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Two construction companies were charged separately in the Sessions Court here on Tuesday, Sept 21, in connection with the collapse of the Jaya Supermarket building at Section 14 here on May 28 last year, which claimed seven lives. The companies are Lian Hup Earth Work & Construction Sdn. Bhd. (Lian Hup), which is represented by its director, Jason Hee Kok Heng, and C.W Yap Sdn. Bhd., which is represented by its director, Yap Choon Wai. They both pleaded not guilty to the charge. Lian Hup is charged with failing, as an employer, to ensure the safety, health and welfare at work of its employees by failing to meet safety standards in demolition work of the supermarket building at Jalan Semangat here about 5pm on May 28 last year. The company is charged under Section 15(1) of the Occupational Safety and Health Act 1994 and, if found guilty, is liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. Meanwhile, C.W Yap Sdn. Bhd. is charged under Section 17(1) of the same act for failing, as employers, to ensure that other persons, not being their employees, who may be affected, are not exposed to risks to their safety or health. The company is charged with committing the offence at the same place, date and time. If found guilty, it is also liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. In the May 28 incident, the building structure of the Jaya Supermarket, which was to be torn down for redevelopment, collapsed while demolition works were being carried out, killing seven workers. Both the companies were represented by lawyer Ooi Hueng Miin, while prosecuting officers from the Selangor Occupational Safety and Health Department, Jaafar Leman and Hazlina Yon, prosecuted. Earlier, Jaafar applied for both cases to be heard jointly on grounds that the incidents in both cases happened at the same place, time and date. Judge Rozina Ayob allowed the application and set Sept 27 for mention.
Understand the role of the Department of Occupational Safety and Health (DOSH) in Malaysia and its significance in the JAYA Supermarket incident.
The Department of Occupational Safety and Health (DOSH) in Malaysia played a significant role in the Jaya Supermarket incident by prosecuting the construction companies for alleged violations of occupational safety and health regulations, emphasizing the importance of ensuring workplace safety and holding employers accountable.
The Department of Occupational Safety and Health (DOSH) in Malaysia plays a crucial role in ensuring the safety, health, and welfare of workers in various industries. In the Jaya Supermarket incident, DOSH's significance lies in its role as the prosecuting body responsible for enforcing occupational safety and health regulations.DOSH is responsible for promoting and enforcing compliance with occupational safety and health laws, regulations, and standards. It conducts inspections, investigations, and audits to identify and address potential hazards and risks in the workplace. DOSH also provides guidance and assistance to employers in implementing safety measures and creating a safe working environment.In the Jaya Supermarket incident, DOSH's involvement is evident in the charges filed against the two construction companies, Lian Hup Earth Work & Construction Sdn. Bhd. and C.W Yap Sdn. Bhd. DOSH prosecuted the companies for their alleged failure to ensure the safety and health of their employees and others affected by the demolition work.By prosecuting the companies under the Occupational Safety and Health Act, DOSH aims to hold employers accountable for their responsibilities in providing a safe work environment and preventing risks to workers' safety and health. DOSH's actions in this case highlight the importance of enforcing occupational safety and health regulations to prevent accidents and protect workers' well-being.For more questions on Safety
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an individual, age 45, would life to help pay for his daughters college expenses in 10 years. which annuity would be appropriate for this individual?
An individual, age 45, would life to help pay for his daughters college expenses in 10 years. deferred annuity would be appropriate for this individual.
A deferred annuity is an agreement with an insurance provider that guarantees the owner will receive a regular income or lump amount at a later time. Deferred annuities are frequently used by investors as a supplement to other retirement income sources like Social Security.
A retirement fund where the investor is not yet prepared to retire is the most typical example of a deferred annuity. They wait till they are retired before taking withdrawals (payments). The fund accrues interest during this period. Even when the investor is taking money out of the fund, the fund is still earning interest.
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Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
Direct materials $ 90,000
Direct labor 130,000
Variable factory overhead 60,000
Fixed factory overhead 140,000
Total costs $420,000
Of the fixed factory overhead costs, $60,000 is avoidable. Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit.
Required:
1. Assuming there is no other use for the facilities, Piels should ___________.
Answer:
It is cheaper to produce
Explanation:
Cost of producing
Direct materials - 90000
Direct labor - 130000
Variable factory overhead - 60000
Fixed factory overhead - 60000
Total cost - 340000
Cost of buying `10000*36 = 360000
Incremental cost of buying = 360000-340000 = $20,000
It is cheaper to produce at 340000/10000 = $34 /unit
In making a decision whether to buy or manufacture , variable cost and the avoidable costs are considered relevant for this purpose
What is the next line?
>>> myDeque = deque('abc')
>>> myDeque.appendleft('x')
>>> myDeque
A. deque([ 'b', 'c'])
B. deque(['x', 'a', 'b', 'c'])
C. An error statement since deques do not have an appendleft method.
D. deque([' 'a', 'b', 'c', 'x'])
Answer:
B. deque(['x', 'a', 'b', 'c'])
Explanation:
>>> myDeque.appendleft('x') means you put an x in front of the deque.
Arthur files a single income tax return and his maximum tax-free interest under the education savings bond program is $6,000. How much of the interest is excludible if his modified adjusted gross income exceeds the applicable dollar limit by $5,000 (one-third of the phaseout range)?
If Arthur files a single income tax return and his maximum tax-free interest under the education savings bond program is $6,000. The amount of interest that is excludible is: $2,000.
How to find the interest that is excludible?Using this formula to find the interest that is excludible
Excludible interest = Maximum tax-free interest × Phaseout range
Where:
Maximum tax-free interest = $6,000
Phaseout range = 0ne -third = 1/3
Let plug in the formula
Excludible interest = $6,000 × 1/3
Excludible interest = $2,000
Therefore we can conclude that the excludible interest is $2,000.
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How and why would the accounting profession use the results of behavioural research in accounting
Answer:
Behavioral accounting is a subset of accounting that, in addition to accounting expertise, is concerned with behavior. It is concerned with people's attitudes and behaviors when confronted with an accounting phenomenon, which defines the actions that they will exhibit in decisionmaking. This accounting specialization addresses issues such as human informationprocessing activity, judgement accuracy, accounting problems caused by accounting information users and suppliers, and accounting information users' and producers' decisionmaking skills.
Behavioral psychology seeks to understand how people make choices, communicate with others, and affect economies and societies. The impact of accounting knowledge on conduct, administrative management (budget engagement, nonfinancial interventions, leadership, and balanced scorecard), auditing (auditorclient negotiations, auditor's judgement, and decisionmaking), and ethics (ethical decisionmaking, ethical orientation, and rationalizations for unethical behavior) are all included under the Behavioral accounting definition.
The accounting profession use the results of behavioural research in accounting so that they can understand the behaviour of different entities like a consumer or a retailer and use that in the accounting so that it can help in making a better conclusion.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society. Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
So we can say that behavioural research plays an important role in analyzing the data and for drawing the conclusion in accounting.
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During the staff meeting, the performance of BJ is discussed. BJ works hard but received a poor customer rating, and the manager is told to “figure it out” or fire BJ. Which of the following would be the best approach to try to improve BJ’s performance?
Answer:
BJ
Explanation:
Hi is the hard worker
so, he is the best
Providing him with 360-degree feedback from customers, co-workers and managers to give him insight into how his behavior is perceived will help improve his performance.
What is a 360-degree feedback?A 360-degree feedback refers to a process that allows employees to receive feedback from the people who work around them.
In conclusion, the feedback will let him know how to improve on his work performance.
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Imagine the market for Good X has a demand function of QDX = 40 – PX and a supply function of QSX = 2PX – 20. Suppose the current price of Good X (PX) is 30.
Calculate consumer surplus (CS).
CS = ________
The correct statement is that the consumer surplus for the information given above will be calculated as 30 for the Good X.
The calculation of the Consumer Surplus can be done by applying the given information to the formula of consumers surplus.
Calculation of consumer surplusDemand function is given as \(\rm QDX= 40-PX\) Supply function is given as \(\rm QSX= 2x-20\) and the price of Good X is 30, so the calculation of these values will be done as below, \(\rm QDX= 40-30\\\\\rm QDX=10\)and calculating further,\(\rm QSX = 2(30)-20\\\\\rm QSX= 60-20\\\\\rm QSX= 40\)The derived values will be applied to the formula for the consumer surplus to calculate the surplus for the Good X at the current price of 30 as below, \(\rm Consumer\ Surplus= QSX-QDX\\\\\rm Consumer\ Surplus = 40-10\\\\\rm Consumer\ Surplus\ =30\)So, the consumer surplus is calculated as 30.Hence, the correct statement is that the consumer surplus for Good X at the current market price of 30 is calculated as 30.
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In order for her employment contract with the law firm Kornegay and Rhyne, PLLC to be valid, Heather (a recent law school graduate) must first pass the state bar examination. This is a(n)_____ contract.
If a specific event needs to happen for the contract to be valid, then the contract is conditional.
A contract is an agreement between two or more parties. This includes employment contracts that define:
The responsibilities of the employee.The working conditions.The salary and other compensations.Moreover, a contract that depends on the occurrence of a specific event such as Heather approving exam is known as a conditional contract. In this contract:
A condition or event should occur for the contract to be valid.If the condition is not met then the contract is not valid.Learn more in https://brainly.com/question/2669219
Answer:executed
Explanation:
Early in the textbook, you learned about stratification as the unequal distribution of resources among a group of people. Identify how Barbados factory workers are stratified, from highest social status to lowest.
In the case of Barbados factory workers, stratification can be identified based on their social status and access to resources. The hierarchy from highest to lowest social status could be:
1. Factory owners/managers - They have the highest social status, as they control the operations and resources within the factory.
2. Skilled workers - These individuals possess specialized skills and have a higher social status compared to unskilled workers, as they may receive better wages and working conditions.
3. Unskilled workers - They have a lower social status due to their limited skills and lower wages compared to skilled workers.
This stratification is based on the access to resources, job roles, and the social status each group holds within the factory setting.
In Barbados, factory workers are stratified as follows, from the highest social status to the lowest:Foreman: The highest social status belongs to the factory foreman, who is in charge of the factory workers and supervises their work.Supervisor: The supervisor's job is to oversee the factory's day-to-day operations, such as ensuring that raw materials are delivered on time and that production targets are met.Skilled workers: Skilled workers are the people who have specialized training and expertise in operating machinery or performing specific tasks, such as welding or electrical work.
Semi-skilled workers: Semi-skilled workers have less specialized training than skilled workers and are typically employed in entry-level positions such as packing, cleaning, or general laborers.Unskilled workers: Unskilled workers have the lowest social status of all factory workers. They have no specialized training and perform basic tasks such as sweeping, cleaning, and packing, and they are typically the lowest paid.
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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are helpful to the business owner, employees, and investors using a company in your local area. Be sure to begin by stating the name of the company you chose.
Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.
A financial statements are helpful to the business owner, employees, and investors because:
It helps to financial planIt helps to make decisionsIt helps to adhere to regulations etcWhat are financial statements?This refers to those written records that convey the business activities and the financial performance of a company.
Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.
In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms to ensure accuracy, tax purpose, financing, investing purposes etc.
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The financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) give snapshot of a corporation's financial health.
What is thee usefulness of the financial statement?Financial statements which is been used as accounting tool help to provide snapshot of a corporation's financial health.
It help to provide the company or organization with performance, operations as well as cash flow as well as company's revenue, expenses.
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What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 2/7% simple interest?
A. ₱690.86
B. ₱16,290.86
C. ₱16,281.39
D. ₱681.39
Answer:
c
Explanation:
Which of the following is the index used to measure changes in gross domestic product?
A) implicit GDP price deflator
B) producer price index (PPI)
C) wage-price spiral
D) consumer price index (CPI)
Answer:
implicit GDP price deflator.
1. Concave Systems presently has earning interest and taxes of
$6 million. Its interest expenses are $1,000,000 a year, and it
pays $600,000 in annual dividends to its shareholders. Concave
has 300, 000 common shares outstanding, and its tax rate is 40
percent. Its annual capital expenditures are $900,000. Concave's
present priceto-earning ratio is 8.
a. Calculate the company's earnings per share and interpret.
b. Calculate the company's dividend payout ratio and interpret. 目
c. Calculate the company's dividend yield and interpret.
The company's earnings per share is 20, dividend payout ratio is 0.1 and dividend yield is 1.25.
What is Dividend payout?The dividend payout is the ratio between dividend per equity share and earning per equity share.
Earning per share = Earning net interest and tax/ Number of shares outstanding
= $6,000,000/3,00,000
= 20
Dividend per share = Total Dividend/ No of shares
= $600,000/300,000
= $2
Dividend payout ratio = Dividend per share/Earning Per Share
= $2/20
= 0.1
Market value per share = P/E Ratio × Earning per share
= 8 × 20
= $160
Dividend Yield = Dividend per share/ Market Value Per Share
= $2/$160×100 = 1.25
Therefore the earning per share indicates the earnings of the company is attributable to the equity shareholders. The company's dividend payout ratio and dividend yield ratio indicate the percentage of earnings paid to shareholders via dividends.
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Fill in the missing amounts.
Monty Corp.
Whispering Winds Corp.
Sales revenue
$90,000 $enter a dollar amount
Sales returns and allowances
enter a dollar amount 5,000
Net sales
84,000 106,000
Cost of goods sold
53,760 enter a dollar amount
Gross profit
enter a subtotal of the two previous amounts 40,280
Operating expenses
15,120 enter a dollar amount
Net income
enter a total net income
Let understand that the organized table are intended to calculate missing numbers on Income Statement for the two companies are drawn below.
Here, we are calculating missing columns for Monty Corp. and Whispering Winds Corp.Also understand that the bold numbers are the columns calculated according to the question.
Particulars Monty Corp. Whispering Winds Corp.
Sales revenue $90,000 $111,000
Sales return and allowance $6,000 $5,000
Net sales $84,000 $106,000
Cost of goods sold $53,760 $65,720
Gross profit $30,240 $40,280
Operating expenses $15,120 $19,080
Net income $15,120 $21,200
In conclusion, the formulae used to derived the bolded answers are:
Sales revenue - Net sales = Sales returns and allowanceNet sales - Cost of goods sold = Gross profit Gross profit - Operating expenses = Net incomeNet sales + Sales return and allowance = Sales revenueNet sales - Gross profit = Cost of goods soldGross profit - Net income = Operating expensesSee similar solution here
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
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Question 11 of 20
Tim, a high school junior, has started his first job working as a lifeguard over
the summer. He plans to save the money he earns to help pay for living
expenses when he's in college. What type account should Tim set up?
A. A saving account
B. A certificate of deposit account
C. A money market account
OD. A checking account
The type of account that Tim should set up would be A. A savings account.
Why is this the best account ?Individuals seeking to save their finances over a certain period and earn interest on them may opt for the savings account type. These savings accounts often feature lower interest rates, yet compensate through easy availability of funds and absence or minimal fees.
In Tim's case, his objective to save up for college expenses could be easily achieved with such an account thanks to its potential to earn returns while also allowing him quick access to his money without excessive charges.
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Macroeconomics is best defined as the study of
how people make decisions about operating businesses.
the overall operation of the national and global economy.
how the government makes decisions about regulating businesses.
how scarce resources are used by households and businesses.
the study of the interaction of supply and demand.
2.
Mike asked Rachael to go to the beach with him. Rachael knew she should stay home and study for her Macroeconomics exam but felt she could spend some time doing both. In the past, she had always studied about five hours for her exams but today she studied for only two hours. Her normal grade of an A fell to a B. What was the opportunity cost of going to the beach?
The B she received on the exam.
The 2 hours she studied.
The 3 hours she spent at the beach.
The 3 hours she could have spent studying.
The 5 hours she spent at the beach.
3.
When two variables have an inverse relationship, then
if A increases, B increases.
if B increases, A is unchanged.
if A increases, B is unchanged.
the slope of the graph is positive.
the slope of the graph is negative.
4.
When two variables have a direct relationship, then
if A decreases, B increases.
if B decreases, A is unchanged.
if A increases, B is decreases.
the slope of the graph is positive.
the slope of the graph is negative.
5.
The production possibilities curve
graphically illustrates the concept of absolute advantage.
graphically illustrates the concept of scarcity.
allows us to see the concept of absolute advantage.
shows the opportunity cost between all goods and services in an economy.
shows the relationship between absolute and comparative advantage.
6.
A production possibilities curve that is concave or bowed out from the origin represents
increasing opportunity cost.
decreasing opportunity cost.
constant opportunity cost.
zero opportunity cost.
static opportunity cost.
Answer:
1. the overall operation of the national and global economy.
2. The B she received on the exam.
3. the slope of the graph is negative.
4. the slope of the graph is positive.
5. graphically illustrates the concept of scarcity.
6. increasing opportunity cost.
Explanation:
1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.
Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. The opportunity cost of going to the beach is the "B" grade she received on the exam.
In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.
3. When two variables have an inverse relationship, then the slope of the graph is negative.
An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.
4. When two variables have a direct relationship, then the slope of the graph is positive.
A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.
5. The production possibilities curve graphically illustrates the concept of scarcity.
The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;
1. Technology is fixed.
2. Resources are fixed.
6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.
The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.
in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Which of the following government offices help individuals fund their college education?
A.
Office of Educational Technology
B.
Office of Postsecondary Education
C.
Office of Vocational and Adult Education
D.
Office of Federal Student Aid
Answer:
D. office of student federal aid
Explanation: