If Beverly Frickel purchased 100 shares of Gleason Systems stock for $32. 50 per share then Beverly's total dollar return on this stock is $1,185.
To find Beverly's total dollar return on the Gleason Systems stock, we'll follow these steps:
1. Calculate the initial cost of purchasing the stock.
2. Calculate the total cost including the commission for the purchase.
3. Calculate the total revenue from selling the stock.
4. Subtract the total cost from the total revenue to find the total dollar return.
Step 1: Initial cost of purchasing the stock
Beverly purchased 100 shares at $32.50 per share, so the initial cost is:
100 shares * $32.50/share = $3,250
Step 2: Total cost including the commission for the purchase
Beverly paid a $25 commission for the purchase, so the total cost is:
$3,250 (initial cost) + $25 (commission) = $3,275
Step 3: Total revenue from selling the stock
Beverly sold the stock for $45 per share and paid a $40 commission, so the total revenue is:
100 shares * $45/share - $40 (commission) = $4,460
Step 4: Calculate the total dollar return
To find the total dollar return, subtract the total cost from the total revenue:
$4,460 (total revenue) - $3,275 (total cost) = $1,185
Beverly's total dollar return on the Gleason Systems stock was $1,185.
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Services can be classified according to whether they are delivered by _____. (select all that apply)
Services can be classified according to whether they are delivered by people or equipment, whether they are for business firms or nonprofit organizations, and whether they are government sponsored.
A service business is one where the buyer's perception of the value of the offering is mostly based on the services rendered to him rather than the products made available. All intangible services offered to the customer fall under this category. Services can be categorised as either equipment- or people-based services.
People-based services are those that are largely provided by humans as opposed to tools or machinery. The people providing the service, as well as the information and abilities they have, offer value and make the service possible. Equipment-based service companies carry out service activities using equipment, machinery, and other types of technology.
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The question seems incomplete. The complete question is:
Services can be classified according to whether they are delivered by ____________, whether they are for ___________, and whether they are __________.
A firm has a market value of equity of $30,000. It borrows $7500 at 8%. If the unlevered cost of equity is 15%, what is the firm's cost of equity capital
The cost of equity capital of the firm is 12.4%.
To calculate the cost of equity capital of the firm, we need to use the capital asset pricing model (CAPM), which relates the expected return on equity to the risk-free rate, the market risk premium, and the beta of the firm's equity. However, since we are given the market value of equity and the amount of debt, we need to first calculate the firm's levered value, and then use it to compute the beta of the equity.
The levered value of the firm is the sum of the market value of equity and the amount of debt:
Levered value = Market value of equity + Amount of debt
Levered value = $30,000 + $7,500
Levered value = $37,500
The beta of the equity can be calculated as the ratio of the market value of equity to the levered value, multiplied by the beta of an unlevered firm with similar risk:
Beta of equity = (Market value of equity / Levered value) x Beta of unlevered firm
Since we are given the unlevered cost of equity, we can use the CAPM to compute the beta of the unlevered firm:
Unlevered cost of equity = Risk-free rate + Beta of unlevered firm x Market risk premium
15% = Risk-free rate + Beta of unlevered firm x 8%
Beta of unlevered firm = (15% - Risk-free rate) / 8%
Assuming a risk-free rate of 2%, we get:
Beta of unlevered firm = (15% - 2%) / 8% = 1.625
Therefore, the beta of the equity is:
Beta of equity = ($30,000 / $37,500) x 1.625
Beta of equity = 1.3
Finally, we can use the CAPM to calculate the cost of equity capital:
Cost of equity capital = Risk-free rate + Beta of equity x Market risk premium
Cost of equity capital = 2% + 1.3 x 8%
Cost of equity capital = 12.4%
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Topsider Inc. Is evaluating whether to replace an existing leather-cutting machine with a new machine that has a five-year life. The old machine has current salvage value equal to $5,000; its salvage value in five years is expected to be zero. The net (after-tax) salvage value of the new machine in five years is expected to be $7,500. If the new machine is purchased, Topsider will have to invest $4,520 in its net working capital. Based on this information, what is the new machine's terminal cash?
The machine's salvage value is $7,500, so the after-tax cash inflow from the sale would be: TCF = SV x (1 - T) + ATCF5 = $7,500 x (1 - 0.35) + (0.15P - $1,238) = $4,875 + 0.15P, where P is the purchase price of the new machine.
To calculate the terminal cash flow of the new machine, we need to find the after-tax cash flows for each year of its life, including the final year when it will be sold.
Assuming a tax rate of 35%, the after-tax cash flows for each year are as follows:
Year 0 (initial investment): -$4,520
Year 1: CF1
Year 2: CF2
Year 3: CF3
Year 4: CF4
Year 5 (sale of machine): CF5
To calculate CF1 to CF4, we need to find the annual after-tax cash inflows generated by the new machine. We are not given this information directly, but we can find it indirectly by subtracting the annual depreciation expense from the annual pre-tax cash inflows.
Assuming the new machine has a purchase price of P, and an expected annual pre-tax cash inflow of I, its annual depreciation expense D would be:
D = P / n
where n is the machine's useful life in years. In this case, n is 5, so:
D = P / 5The annual pre-tax cash inflow for the new machine is not given, but we can find it using the following formula:
I = (P - SV) / n
where SV is the expected salvage value of the machine at the end of its useful life. In this case, SV is $7,500, so:
I = (P - $7,500) / 5
We can now use these formulas to find the annual after-tax cash inflows as follows:
ATCF = (I - D) x (1 - T)
where T is the tax rate of 35%.
Year 1:
ATCF1 = (I - D) x (1 - T) = [(P - $7,500) / 5 - P / 5] x (1 - 0.35) = 0.45P - $2,925
Year 2:
ATCF2 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 2P / 5] x (1 - 0.35) = 0.3P - $1,950
Year 3:
ATCF3 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 3P / 5] x (1 - 0.35) = 0.15P - $975
Year 4:
ATCF4 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 4P / 5] x (1 - 0.35) = -0.0.001P + $525
Year 5:
ATCF5 = (I + SV - P) x (1 - T) = [$7,500 + (P - $7,500) / 5 - P] x (1 - 0.35) = 0.15P - $1,238
To find the terminal cash flow, we need to calculate the after-tax cash inflow generated by selling the new machine at the end of its useful life. In this case,
TCF = SV x (1 - T) + ATCF5 = $7,500 x (1 - 0.35) + (0.15P - $1,238) = $4,875 + 0.15P
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You need to identify, categorise and critique a marketinginnovation of your choice (Netflix). You will write up yourfindings in the form of a 2000-word report that summarises yourresearch findings
To identify, categorise, and critique a marketing innovation of your choice, such as Netflix, and write a 2000-word report summarising your research findings, follow these steps:
Introduction: Begin your report with a brief introduction, outlining the purpose of your study, which is to analyse the marketing innovation of Netflix.Background Information: Provide a brief overview of Netflix as a company, including its history, product offerings, target market, and market position.Identify the Marketing Innovation: Describe the specific marketing innovation you will be analysing. For example, Netflix's data-driven content recommendation system or their original content strategy.Categorise the Innovation: Determine the category of the marketing innovation. This could be product innovation, process innovation, or marketing strategy innovation. Explain why you believe the chosen innovation fits into this category.Critique the Innovation: Analyse the effectiveness and impact of the marketing innovation by discussing its advantages and disadvantages. Consider factors such as customer engagement, market share growth, and return on investment.Evidence and Examples: Support your critique with relevant research findings and examples. Use case studies, articles, and reports to provide evidence of the marketing innovation's success or failure.Conclusion: Summarise your research findings and provide recommendations for how Netflix could improve its marketing innovation or implement new innovations in the future.References: List all the sources you used in your report, following a consistent citation style (e.g., APA, MLA, or Chicago).By following these steps, you can effectively identify, categorise, and critique a marketing innovation of your choice, such as Netflix, and write a comprehensive 2000-word report summarising your research findings.
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a new home with 2,575 square feet sold for $632,000. similar lots in the subject's subdivision are selling for $180,000, and the site improvements are worth $12,000. what is the indicated cost per square foot of the dwelling?
The indicated cost per square foot of the dwelling is approximately $170.97.
To calculate the indicated cost per square foot of the dwelling, we need to subtract the value of the land and site improvements from the total sale price and then divide the result by the total square footage of the home.
The value of the land and site improvements is $180,000 + $12,000 = $192,000.
Subtracting this value from the total sale price gives us:
$632,000 - $192,000 = $440,000
To calculate the indicated cost per square foot, we need to divide this figure by the total square footage of the home, which is 2,575 square feet:
$440,000 ÷ 2,575 = $170.97
This figure represents the cost of the actual construction of the home, excluding the cost of the land and site improvements. It can be useful for comparing the cost of similar homes in the same subdivision or in different locations, and can also be used by builders and contractors to estimate the cost of building new homes.
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the global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business, including formal education. group startstrue or false
The statement "The global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business" is true.
A global business manager needs to have a number of skills and competencies in addition to their formal education. These include effective communication, cross-cultural awareness and sensitivity and the capacity to lead diverse teams across numerous locations.
In conclusion, formal education is undoubtedly a factor in someone's readiness for a position as a global business manager, but it is not the only one. The acquisition of certain abilities and competencies, as well as real-world experience, are also essential for success in this position.
Furthermore, a global company manager might benefit greatly from real-world experience in international business.
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grid store layouts group of answer choices are used by specialty stores. are one of the most aesthetically pleasing designs. are cost-efficient. are also called loop layouts. encourage impulse purchasing.
Grid store layouts are cost-efficient. So the option B is correct.
Store layouts that maximize efficiency and minimize cost are called grid layouts. Grid layouts are organized into rectangular or square grids, and each section of the store is assigned a position. By minimizing wasted space and optimizing the placement of products, grid layouts can help to reduce overall costs.
Additionally, they make stores easier to navigate, so customers can find what they need quickly and easily. Grid layouts also make it easier to reorganize the store in response to changing customer demand and preferences.
This helps to ensure that products are always in the right places, making it easier for customers to find what they need and increasing sales. So the option B is correct.
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The complete question is:
Grid store layouts _________.
A. encourage impulse purchasing
B. are cost-efficient
C. are also called loop layouts
D. are one of the most aesthetically pleasing designs
E. are used by specialty stores
In Ch. 17 of Margaret Atwood's Alias Grace, Dr. Simon Jordan remarks to himself, "The
difference between a civilized man and a barbarous fiend - a madman, say - lies, perhaps,
merely in a thin veneer of willed self-restraint" (169). Think of the extent to which this
observation is true for Simon's character. In your eyes, what does the novel use Simon to
suggest about human nature, "madness," or the mind more broadly?
The novel uses Simon's character to suggest that the line between sanity and madness is thin, and that human nature is complex and susceptible to hidden impulses.
In Alias Grace, Simon Jordan is portrayed as a rational and intellectual character who is fascinated by the inner workings of the human mind. However, as he becomes more involved with Grace Marks and her case, he begins to question his own sanity and the nature of his desires.
Through Simon's character, the novel suggests that the veneer of self-restraint that separates civilized behavior from madness is fragile and easily breached.
Simon's attraction to Grace and his willingness to engage in unethical behavior in order to understand her psyche demonstrate the extent to which the human mind is capable of deception and self-delusion.
Overall, the novel suggests that the distinction between sanity and madness is not as clear-cut as we might imagine, and that the human mind is a complex and mysterious entity that can be both fascinating and terrifying.
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The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting decisions. Fuzzy Button Clothing Company is a small firm, and several of its managers are worried about how soon the firm will be able to recover its initial investment from Project Beta's expected future cash flows. To answer this question, Fuzzy Button's CFO has asked that you compute the project's payback period using the following expected net cash flows and assuming that the cash flows are received evenly throughout each year. Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. Note: Round the conventional payback period to two decimal places. Year O -4,000,000 Year 1 $1,600,000 Year 2 $3,400,000 Year 3 $1,400,000 Expected cash flow Cumulative cash flow Conventional payback period: The conventional payback period ignores the time value of money, and this concerns Fuzzy Button's CFO. He has now asked you to compute Beta's discounted payback period, assuming the company has a 7% cost of capital. Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places. For full credit, complete the entire table. Year o -4,000,000 Year 1 $1,600,000 Year 2 $3,400,000 Year 3 $1,400,000 Cash flow Discounted cash flow Cumulative discounted cash flow Discounted payback period: C Which version of a project's payback period should the CFO use when evaluating Project Beta, given its theoretical superiority? O O The discounted payback period The regular payback period One theoretical disadvantage of both payback methods-compared to the net present value method is that they fail to consider the value of the cash flows beyond the point in time equal to the payback period. How much value does the discounted payback period method fail to recognize due to this theoretical deficiency? $4,112,509 $1,607,836 $2,638,144 $1,142,817 O
The conventional payback period for Project Beta is 2.71 years, while the discounted payback period is 2.98 years, considering a 7% cost of capital. The discounted payback period method fails to recognize $4,112,509 due to this theoretical deficiency. Here option A is correct.
To calculate the conventional payback period, we need to determine the year when the cumulative cash flows become positive:
Year Expected cash flow Cumulative cash flow
0 -$4,000,000 -$4,000,000
1 $1,600,000 -$2,400,000
2 $3,400,000 $1,000,000
3 $1,400,000 $2,400,000
The cumulative cash flows become positive in Year 3. To determine the payback period, we need to calculate the fraction of the Year 3 cash flow required to reach the breakeven point:
$2,400,000 / $1,400,000 = 1.71
Therefore, the conventional payback period is 2.71 years.
To calculate the discounted payback period, we need to discount each cash flow to its present value using a 7% cost of capital:
Year Expected cash flow Discount factor Discounted cash flow Cumulative discounted cash flow
0 -$4,000,000 1.0000 -$4,000,000 -$4,000,000
1 $1,600,000 0.9346 $1,494,464 -$2,505,536
2 $3,400,000 0.8734 $2,968,716 $463,180
3 $1,400,000 0.8163 $1,144,834 $1,608,014
The cumulative discounted cash flows become positive in Year 3. To determine the discounted payback period, we need to calculate the fraction of the Year 3 discounted cash flow required to reach the breakeven point:
($1,608,014 - $463,180) / $1,144,834 = 0.976
Therefore, the discounted payback period is 2.98 years.
Given its theoretical superiority, the CFO should use the discounted payback period to evaluate Project Beta.
One theoretical disadvantage of both payback methods compared to the net present value method is that they fail to consider the value of the cash flows beyond the point in time equal to the payback period. The discounted payback period method fails to recognize $4,112,509 due to this theoretical deficiency.
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The major emphasis in GAAS related to consideration of fraud in a financial statement audit (AU-C 240) is on: ___________a) employee misappropriation of assets. B) management fraud. C) client fraud on customers. D) employee embezzlement
The major emphasis in GAAS related to consideration of fraud in a financial statement audit (AU-C 240) is on management fraud. This refers to fraudulent financial reporting by management, which involves intentional misstatements or omissions in financial statements.
These types of fraud involve theft or misuse of company assets by employees, rather than intentional misstatements in financial statements.
Client fraud on customers is not directly related to the financial statement audit, but rather falls under the scope of consumer protection laws and regulations. However, if a company's fraudulent activities have a material impact on the financial statements, the auditor is required to detect and respond to such fraud in accordance with GAAS.
Overall, the emphasis on management fraud in AU-C 240 reflects the importance of ensuring the integrity and reliability of financial statements, and protecting the interests of stakeholders such as investors, creditors, and regulators.
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What happens to shareholders when a company goes private?.
When a company goes private, it means that it is no longer publicly traded and its shares are no longer available for trading on a stock exchange.
This is typically done through a process called a leveraged buyout (LBO), in which a private equity firm or group of investors buys all outstanding shares of the company, taking it off the public market.
As a result, shareholders of the company will no longer be able to trade their shares on the stock exchange, and they will typically receive a cash payout for their shares based on the terms of the buyout.
This payout may be more or less than the current market value of the shares, depending on the terms negotiated by the private equity firm or investors leading the buyout.
In general, shareholders may see a decline in liquidity and potential returns after a company goes private, as they are no longer able to trade their shares freely and the company's financial performance is no longer subject to public scrutiny.
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Cougar Company is owned equally by Cat Stevens and a partnership that is owned equally by his father and two unrelated individuals. Cat and the partnership each owns 3,000 shares in the company. Cat wants to reduce his ownership in the company, and it is decided that the company will redeem 1,500 of his shares for $25,000 per share. Cat’s tax basis in each share is $5,000. What are the income tax consequences to Cat as a result of the stock redemption, assuming the company has earnings and profits of $10 million? (Enter your answers in dollars not in millions. )
The income tax consequences to Cat Stevens as a result of the stock redemption are that he will have to pay taxes on the $30,000,000 capital gain, which will be treated as a dividend due to the company's sufficient earnings and profits.
Cougar Company is owned equally by Cat Stevens and is a partnership. Cat and the partnership each own 3,000 shares. The company will redeem 1,500 of Cat's shares for $25,000 per share, and Cat's tax basis in each share is $5,000. Assuming the company has earnings and profits of $10 million, what are the income tax consequences to Cat?
To calculate the income tax consequences, we need to follow these steps:
1. Determine the total redemption amount: 1,500 shares x $25,000 per share = $37,500,000.
2. Calculate the total tax basis for the redeemed shares: 1,500 shares x $5,000 per share = $7,500,000.
3. Calculate the capital gain: Total redemption amount - Total tax basis = $37,500,000 - $7,500,000 = $30,000,000.
Since the company has sufficient earnings and profits ($10 million), the entire capital gain of $30,000,000 will be treated as a dividend. This means that Cat will need to pay taxes on the $30,000,000 dividend received from the stock redemption.
In conclusion, the income tax consequences to Cat Stevens as a result of the stock redemption are that he will have to pay taxes on the $30,000,000 capital gain, which will be treated as a dividend due to the company's sufficient earnings and profits.
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The three stages of receiving feedback in the correct order are:.
The three stages of receiving feedback in the correct order are: receiving, processing, and acting.
The first stage of receiving feedback involves actively listening to the feedback and trying to understand the message being conveyed. This requires being open-minded and non-defensive, and seeking to fully comprehend what the person giving the feedback is trying to communicate.
Once the feedback has been received, the second stage involves processing the feedback. This involves reflecting on the feedback and considering its validity and relevance to the situation at hand. It may also involve seeking clarification or additional information to fully understand the feedback.
The final stage is acting on the feedback. This involves taking action to address the feedback and make any necessary changes to improve performance or behavior. This may involve setting goals or action plans to address specific areas of improvement, and regularly monitoring progress to ensure that changes are being made.
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Checking accounts are good for the money you'll want to access for ordinary daily purchases and monthly bills. True or False
Answer:
I believe this statement is true.
one of the most difficult tasks is raising money for a start-up. to raise money, entrepreneurs talk with bankers and other potential investors, and try to sell their ideas. in order to have a chance, most of the time, entrepreneurs have to present a(n) blank . multiple choice question. marketing plan annual report financial statement business plan
Entrepreneurs typically need to present a business plan when raising money for a start-up.
option : D) Business plan
A business plan is a comprehensive document that outlines the entrepreneur's vision, goals, strategies, and financial projections for the business. It provides potential investors with a detailed overview of the start-up's business model, market analysis, marketing and sales strategies, organizational structure, and financial projections. A well-prepared business plan is crucial for convincing potential investors of the viability and potential of the start-up, and it serves as a roadmap for the entrepreneur's business strategy.
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Complete Question
One of the most difficult tasks for a start-up is raising money. To raise money, entrepreneurs talk with bankers and other potential investors and try to sell their ideas. In order to have a chance, most of the time, entrepreneurs have to present a(n) ________.
A) Marketing plan
B) Annual report
C) Financial statement
D) Business plan
you have $10,000 to invest. you want to purchase shares of alaska air at $50.00, best buy at $50.00, and ford motor at $10.00. how many shares of each company should you purchase so that your portfolio consists of 25 percent alaska air, 40 percent best buy, and 35 percent ford motor? report only whole stock shares.
We should purchase 50 shares of Alaska Air, 80 shares of Best Buy, and 350 shares of Ford Motor to have a portfolio consisting of 25% Alaska Air, 40% Best Buy, and 35% Ford Motor.
To determine how many shares of each company to purchase, we need to calculate the dollar amount to be invested in each stock.
First, we calculate 25% of $10,000, which is $2,500. This is the amount of money we want to invest in Alaska Air.
Similarly, 40% of $10,000 is $4,000, the amount we want to invest in Best Buy, and 35% of $10,000 is $3,500, the amount we want to invest in Ford Motor.
Next, we need to calculate the number of shares we can buy for each stock with the respective dollar amount.
For Alaska Air, we can buy $2,500 / $50.00 per share = 50 shares.
For Best Buy, we can buy $4,000 / $50.00 per share = 80 shares.
For Ford Motor, we can buy $3,500 / $10.00 per share = 350 shares.
It is important to note that this calculation assumes no transaction costs or fees.
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On Dec. 1, 2014, Ramil Sarabia opened a videotape rental store, Kalibo Video, by investing P250,000 cash from his personal savings account. During the month of December, the following transactions took place. Dec. 1 + 5 8 11 16 17 23 24 30 Acquired supplies on account, P67,000. Acquired videotape costing P235,000, on account. Paid P85,000 to creditors. Received P78,000 cash from ACA Video for rental fees. Billed video city for video rentals, P105,000 Paid salaries, P65,000 Collected P77,000 from video city Sarabia withdrew P47,000 from the business. Paid rent for the month, P41,500. Paid utilities bill for the month, P17,500 Required: Record the transactions for the month of December 2014 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Supplies; Videotape; Accounts Payable; and Sarabia, Capital
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
The financial transaction worksheet for Kalibo Video for the month of December 2014:
Date Accounts Debit Credit
1-Dec Cash 250,000.00
1-Dec Supplies 67,000.00 Accounts Payable
5-Dec Videotape 235,000.00 Accounts Payable
8-Dec Accounts Payable 85,000.00 Cash
11-Dec Accounts Receivable 78,000.00 Cash
16-Dec Accounts Receivable 105,000.00
17-Dec Salaries Expense 65,000.00 Cash
23-Dec Cash 77,000.00 Accounts Receivable
24-Dec Sarabia, Capital 47,000.00 Cash
30-Dec Rent Expense 41,500.00 Cash
30-Dec Utilities Expense 17,500.00 Cash
The business:
Started with P250,000 in cash from Sarabia's personal savings account on December 1
Acquired supplies worth P67,000 on account on December 1
Acquired videotapes costing P235,000 on account on December 5
Paid P85,000 to creditors on December 8
Received P78,000 in cash from ACA Video for rental fees on December 11
Billed Video City P105,000 for video rentals on December 16
Paid salaries amounting to P65,000 in cash on December 17
Collected P77,000 in cash from Video City on December 23
Sarabia withdrew P47,000 in cash from the business on December 24
Paid rent expense amounting to P41,500 and utilities expense amounting to P17,500 in cash on December 30
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
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if you hold 50 shares of a particular corporation's common stock and there are 5 directors to be elected, how many votes will you be allowed to cast under cumulative voting?
You hold 50 shares of the corporation's common stock and there are 5 directors to be elected. So your total number of votes under cumulative voting would be:
Total number of votes = 50 x 5 = 250 votes
Under cumulative voting, shareholders are allowed to cumulate their votes and cast them all for one director or divide them among the directors as they choose. The formula for calculating the total number of votes a shareholder can cast in cumulative voting is:
Total number of votes = (Number of shares held) x (Number of directors to be elected)
In this case, you hold 50 shares of the corporation's common stock and there are 5 directors to be elected. So your total number of votes under cumulative voting would be:
Total number of votes = 50 x 5 = 250 votes
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Utilitarianism's fundamental approach is that decisions are established based on previous consequences and result from past actions
True False
The statement "Utilitarianism's fundamental approach is that decisions are established based on previous consequences and result from past actions" is False.
Utilitarianism is an ethical theory that holds that the morality of an action should be determined by its ability to promote the greatest happiness for the greatest number of people. Utilitarianism is a consequentialist theory, which means that it judges the morality of an action based on its consequences or outcomes. The utilitarian approach to decision-making is forward-looking, rather than backward-looking. It focuses on the future consequences of a decision rather than on the past consequences of previous actions. In other words, utilitarianism considers the potential outcomes of an action and selects the action that will produce the greatest overall benefit to society.
Therefore, the correct statement regarding utilitarianism's fundamental approach is that decisions are established based on future consequences and result from present actions, rather than being based on previous consequences and past actions.
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hich of the following is true of reviews?multiple choicethe majority of large retailers find that reviews positively affect sales.reviews are universally positive.reviews typically have a very minor influence on purchase behavior.customers usually see reviews as being highly subjective and suspect.most companies dislike reviews because of their potential to be negative and avoid including review functions in owned media.
The majority of large retailers find that reviews positively affect sales. Option A is the most accurate statement among the given options.
Many studies have shown that reviews can have a significant impact on consumer behavior and purchase decisions. Large retailers often see a positive effect on sales when customers leave reviews on their products or services, as positive reviews can help build trust and credibility with potential buyers.
In fact, according to a survey by BrightLocal, 87% of consumers read online reviews before making a purchase decision.
Option B is incorrect because reviews can be both positive and negative, and it is important for customers to read a mix of both to make an informed decision.
Option C is incorrect because reviews can have a significant influence on purchase behavior, as mentioned earlier.
Option D is also incorrect because customers generally trust reviews as a source of information and rely on them to make purchasing decisions.
Option E is incorrect because most companies recognize the importance of reviews and actively encourage customers to leave reviews on their products and services.
So, correct option is A.
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The estimator obtained through regression on quasi-demeaned data is called the ______________.
a. random effects estimator
b. fixed effects estimator
c. hetroskedasticity-robust ols estimator
d. instrumental variables estimator
The estimator obtained through regression on quasi-demeaned data is called the b. fixed effects estimator. Therefore, the correct answer is (b).
The fixed effects estimator is a method used in panel data analysis to account for unobserved heterogeneity across individual units, such as people, companies, or countries, that may be correlated with the explanatory variables. This heterogeneity can lead to omitted variable bias, which can affect the estimates of the regression coefficients.
The fixed effects estimator addresses this issue by subtracting the time-invariant individual-specific effects from each observation. In other words, it "demeans" the data by subtracting the mean of each individual unit from its observations. This way, it removes the individual-specific unobserved factors and isolates the time-varying component of the variables of interest.
The term "quasi-demeaning" refers to a modification of the fixed effects estimator that involves subtracting the group mean rather than the individual mean, which can be more efficient in certain situations.
By using the fixed effects estimator on quasi-demeaned data, we obtain estimates of the regression coefficients that are free from the bias due to omitted variables.
The correct option is b. fixed effects estimator
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g suppose a local bank currently has $165 deposit, $30 total reserve, 9% required reserve ratio. suppose this bank can loan out all it's excess reserve. how much is this bank's potential money creation? (
Suppose a local bank currently has $165 deposit, $30 total reserve, 9% required reserve ratio the bank's potential money creation is $168.61.
The potential money creation of a bank refers to the maximum amount of new money that the bank can create by lending out its excess reserves. To determine the potential money creation of a bank, we need to calculate its excess reserves and then use the money multiplier formula.
Excess reserves = total reserves - required reserves
Given that the total reserve of the bank is $30 and the required reserve ratio is 9%, the required reserves are:
Required reserves = 9% x $165 = $14.85
So, the excess reserves of the bank are:
Excess reserves = $30 - $14.85 = $15.15
The money multiplier formula is:
Money multiplier = 1 / required reserve ratio
In this case, the required reserve ratio is 9%, so the money multiplier is:
Money multiplier = 1 / 0.09 = 11.11
Therefore, the potential money creation of the bank is:
Potential money creation = excess reserves x money multiplier
= $15.15 x 11.11
= $168.61
This means that the bank can create up to $168.61 in new money by lending out its excess reserves, while still maintaining the required reserve ratio of 9%.
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Jane Sample falls asleep while driving and crashes through a Walgreens. Walgreens sustained $800,000 in damage to the store but nobody was hurt. Will her insurance cover all this? Explain your answer.
If Jane has liability insurance, it should cover the damage done to Walgreens' store, up to her policy's limits. If she doesn't have liability insurance, she will be responsible for paying for the damages out of pocket.
The answer to whether Jane Sample's insurance will cover the $800,000 damage sustained by Walgreens depends on the type of insurance coverage she has. If Jane has liability insurance, it will cover the damage done to Walgreens' property. Liability insurance is a type of coverage that pays for damages or injuries you cause to others. If Jane has comprehensive or collision insurance, it may cover the damage done to her vehicle but not the damage done to Walgreens' property.
In this scenario, since nobody was hurt, no one will need medical attention. If there were any injuries, Jane's insurance would cover the medical expenses of the injured parties. However, it is essential to note that Jane will still have to pay her deductible before her insurance kicks in to cover the remaining cost.
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which of the following is not an example of a short-term macroeconomic shock? group of answer choices a hurricane planned investment expenditures increased military spending new technology a change in the tax code
Planned investment expenditures is not an example of a short-term macroeconomic shock. The correct answer is B)
Short-term macroeconomic shocks are sudden and unexpected events that can affect the economy in the short run, causing changes in economic activity and behavior.
For example, natural disasters like hurricanes can cause disruptions in the supply chain, leading to shortages of goods and services, and impacting economic growth.
Increased military spending, changes in the tax code, and new technology can also lead to short-term shocks by affecting government revenue and expenditures, as well as business investments and operations.
However, planned investment expenditures are not considered a short-term macroeconomic shock because they are expected and planned by businesses.
These investments are usually made with a long-term perspective and are not expected to cause sudden changes in economic activity. While they may have an impact on the economy in the long run, they are not considered short-term shocks.
The correct answer is B)
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The unadjusted trial balance for Wilson Construction Co. As of June 30, 2019, the end of its fiscal year, is found on the trial balance tab. The June 30, 2018, credit balance of the owner’s capital account was $53,000, and the owner invested $45,000 cash in the company during the 2019 fiscal year.
Information for adjustments is as follows:
a. The supplies available at the end of fiscal year 2019 had a cost of $4,000.
b. The cost of expired insurance for the fiscal year is $3,100.
c. Annual depreciation on equipment is $30,600.
d. The June utilities expense of $800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded.
e. The company’s employees have earned $5,400 of accrued and unpaid wages at fiscal year-end.
f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $2,400.
g. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts.
h. The $600 accrued interest for June on the long-term notes payable has not yet been paid or recorded.
Required:
Prepare any necessary adjusting and closing entries for the current fiscal year
To prepare the necessary adjusting and closing entries for the current fiscal year, we need to analyze each adjustment and its impact on the accounts.
a. Supplies available at the end of fiscal year 2019 had a cost of $4,000.
Debit Supplies Expense $4,000
Credit Supplies $4,000
b. The cost of expired insurance for the fiscal year is $3,100.
Debit Insurance Expense $3,100
Credit Prepaid Insurance $3,100
c. Annual depreciation on equipment is $30,600.
Debit Depreciation Expense $30,600
Credit Accumulated Depreciation $30,600
d. The June utilities expense of $800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded.
Debit Utilities Expense $800
Credit Accounts Payable $800
e. The company’s employees have earned $5,400 of accrued and unpaid wages at fiscal year-end.
Debit Wages Expense $5,400
Credit Wages Payable $5,400
f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $2,400.
Debit Rent Expense $2,400
Credit Accounts Payable $2,400
g. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts.
Debit Property Tax Expense $1,800
Credit Property Taxes Payable $1,800
h. The $600 accrued interest for June on the long-term notes payable has not yet been paid or recorded.
Debit Interest Expense $600
Credit Interest Payable $600
Next, we need to prepare the necessary closing entries to transfer the temporary accounts (revenues, expenses, and dividends) to the permanent owner’s capital account.
i. Close Revenue Accounts:
Debit Revenues $XX
Credit Income Summary $XX
j. Close Expense Accounts:
Debit Income Summary $XX
Credit Expenses $XX
k. Close Dividends Account:
Debit Retained Earnings $XX
Credit Dividends $XX
Finally, we need to update the owner’s capital account with the ending balance for the fiscal year.
l. Update Owner's Capital Account:
Debit Owner's Capital $XX
Credit Retained Earnings $XX
Note: The exact amounts for the closing entries will depend on the balances in the accounts and are not provided in the question.
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Why does a demand curve with a constant slope not have a constant elasticity?
a. slope measures responsiveness and elasticity measures change.
b. slope is based on absolute change and elasticity is based on percentage change.
c. elasticity depends on more variables than does slope.
d. slope is based on percentage change and elasticity is based on absolute change.
The elasticity of demand provides a more comprehensive and useful measure of the responsiveness of consumers to changes in price than does the slope of the demand curve.
A demand curve with a constant slope does not have a constant elasticity because the slope and elasticity measure different aspects of the relationship between price and quantity demanded. The slope of a demand curve measures the absolute change in quantity demanded resulting from a unit change in price, while elasticity measures the percentage change in quantity demanded resulting from a unit change in price.
Since elasticity is based on percentage change, it is affected by the initial level of demand, as well as by the responsiveness of consumers to changes in price. For example, a product with a very high initial demand may experience a relatively small percentage change in demand in response to a price increase, resulting in a low elasticity. Conversely, a product with a low initial demand may experience a large percentage change in demand in response to a price increase, resulting in a high elasticity.
In contrast, the slope of a demand curve is based on absolute change and is not affected by the initial level of demand or by consumer responsiveness. Therefore, it is less sensitive to changes in these variables and is less useful for predicting changes in demand resulting from changes in price.
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Select the best response to the following questions. The decision theory suggests how leaders can engage employees in making decisions at an appropriate level. O normative o contingency situational follower
The correct answer is option A) Normative.
The best response to the statement "The decision theory suggests how leaders can engage employees in making decisions at an appropriate level" is "Normative".
Normative decision theory provides a framework for leaders to make rational decisions based on a set of predetermined criteria. It helps leaders to determine the best course of action by evaluating all available options and selecting the one that maximizes the chances of achieving the desired outcome.
Additionally, normative decision theory can help leaders involve their employees in decision-making by providing them with a structured approach to analyze the problem and identify potential solutions.
Therefore the correct answer is normative
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Quay Co. Had the following transactions during the current period.
Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate.
June 12 Issued 60,000 shares of $5 par value common stock for cash of $375,000.
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share.
Nov. 28 Purchased 2,000 shares of treasury stock for $80,000.
Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. )
Date Account Titles and Explanation Debit Credit
Quay Co. Had the following transactions during the
Mar. 2June 12July 11Nov. 28
Mar. 2June 12July 11Nov. 28
Mar. 2June 12July 11Nov. 28
Mar. 2June 12July 11Nov. 28
The first entry records the issuance of 5,000 common shares at a par value of $5, with $30,000 allocated to Legal Services Expense.
The second entry records the issuance of 60,000 common shares at a par value of $5, with $375,000 allocated to Cash.
The third entry records the issuance of 1,000 preferred shares at a par value of $100, with $110,000 allocated to Cash. The fourth entry records the purchase of stock for $80,000 in cash.
Date Account Titles and Explanation Debit Credit
Mar. 2 Legal Services Expense 30,000
Common Stock (5,000 shares x $5 par value) 25,000
Paid-in Capital in Excess of Par Value - Common Stock 5,000
June 12 Cash 375,000
Common Stock (60,000 shares x $5 par value) 300,000
Paid-in Capital in Excess of Par Value - Common Stock 75,000
July 11 Cash (1,000 shares x $110 per share) 110,000
Preferred Stock (1,000 shares x $100 par value) 100,000
Paid-in Capital in Excess of Par Value - Preferred Stock 10,000
Nov. 28 Stock 80,000
Cash 80,000
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What does i want to maximize deductions and credits mean.
"I want to maximize deductions and credits" means that an individual or a business entity wants to take advantage of all the tax deductions and credits available to them in order to minimize their taxable income and ultimately pay less in taxes.
Deductions and credits are two ways to reduce the amount of tax owed to the government. Deductions are expenses that are allowed to be subtracted from the total income, while credits are dollar-for-dollar reductions in the amount of tax owed.
By maximizing deductions and credits, individuals and businesses can lower their tax liability and keep more of their income.
However, it is important to note that tax laws can be complex and constantly changing, so it is important to consult with a qualified tax professional to ensure compliance and maximize potential tax benefits.
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open end equity mutual funds commonly keep a smal fraction of total investment in very liqguid money market assets. closed end funds do not maintain such a position in cash equivalents securities. what difference between open end and closed end fund might account for their differing policies
The main difference between open-end and closed-end mutual funds is the way in which they issue and redeem shares.
Open-end funds continuously issue new shares and redeem existing shares, while closed-end funds issue a fixed number of shares that are traded on an exchange like stocks.
Because of this difference in structure, open-end funds need to keep a small fraction of their total investment in liquid money market assets in order to meet redemption requests. In contrast, closed-end funds do not need to worry about redeeming shares, and therefore do not need to maintain a position in cash equivalents.
In addition, closed-end funds typically have more flexibility in their investment strategies, as they are not as concerned with maintaining liquidity to meet redemption requests. They may also have higher management fees, as they are traded on exchanges and require a higher level of management.
Overall, the difference in policies regarding cash equivalents between open-end and closed-end funds is largely a result of their differing structures and investment strategies.
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