The cost of issuing new bonds is $27.05 million, which is greater than the market value of the old bonds of $54.75 million. Hence, it is not beneficial for Robinson Corporation to refund its outstanding bonds at this time.
To determine whether it is beneficial for Robinson Corporation to refund its outstanding bonds, we need to compare the cost of the old bonds to the cost of issuing new bonds.
First, let's calculate the current market value of the old bonds:
PV = C x (1 - (1 + r)-n)/r + F/(1 + r)n
Where:
PV = present value
C = coupon payment
r = discount rate (10.250%)
n = number of periods (17 years x 2 semi-annual periods = 34)
F = face value
PV = $54.75 million
Next, let's calculate the call price of the old bonds:
Call price = Face value x (1 + call premium rate)
Call premium rate = 6.0% + (7 - 6) x 0.5% = 6.5%
Call price = $27 million x (1 + 6.5%) = $28.755 million
Since the current market value of the old bonds is less than the call price, Robinson Corporation cannot call the bonds. Instead, it can only refund them by issuing new bonds.
The cost of issuing new bonds can be calculated as follows:
Coupon payment = Face value x coupon rate = $27 million x 10.950% = $2.955 million
Underwriting cost on old issue = $27 million x 2.70% = $0.729 million
Underwriting cost on new issue = $27 million x 1.80% = $0.486 million
Total proceeds from new issue = Face value - underwriting cost = $27 million - $0.486 million = $26.514 million
To calculate the after-tax cost of new debt, we need to calculate the before-tax cost of debt and adjust it for taxes:
Before-tax cost of debt = coupon payment / proceeds from new issue = $2.955 million / $26.514 million = 11.15%
After-tax cost of debt = before-tax cost of debt x (1 - tax rate) = 11.15% x (1 - 30%) = 7.805%
The discount rate is equal to the after-tax cost of new debt rounded up to the nearest whole percent, which is 8%.
Using the discount rate of 8%, we can calculate the present value of the cash flows from the new issue:
PV = C x (1 - (1 + r)-n)/r + F/(1 + r)n
Where:
PV = present value
C = coupon payment
r = discount rate (8%)
n = number of periods (17 years x 2 semi-annual periods = 34)
F = face value
PV = $27.05 million
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The income statement for the apple-jack partnership for the year ended december 31, 20x5, follows: apple-jack partnership income statement for the year ended december 31, 20x5 net sales $ 300,000 cost of goods sold (190,000 ) gross margin $ 110,000 operating expenses (30,000 ) net income $ 80,000 additional information for 20x5 apple began the year with a capital balance of $40,800. jack began the year with a capital balance of $112,000. on april 1, apple invested an additional $15,000 into the partnership. on august 1, jack invested an additional $20,000 into the partnership. throughout 20x5, each partner withdrew $400 per week in anticipation of partnership net income. the partners agreed that these withdrawals are not to be included in the computation of average capital balances for purposes of income distributions. apple and jack have agreed to distribute partnership net income according to the following plan: apple jack 1. interest on average capital balances 6 % 6 % 2. bonus on net income before the bonus but after interest on average capital balances 10 % 3. salaries $ 25,000 $ 30,000 4. residual (if positive) 70 % 30 % residual (if negative) 50 % 50 % required: a. prepare a schedule that discloses the distribution of partnership net income for 20x5. (do not round intermediate calculations. round your final answers to nearest whole dollar. amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. )
We can verify that the total distributions add up to the net income of $80,000.
To prepare a schedule that discloses the distribution of partnership net income for 20x5, we need to follow the agreed-upon plan and calculate each component of the distribution for each partner:
Interest on average capital balances:
Apple:
Beginning capital balance: $40,800
Additional investment on April 1: $15,000 (for 9/12 of the year)
Average capital balance: ($40,800 + $15,000 x 9/12) / 2 = $49,350
Interest on average capital balance: $49,350 x 6% = $2,961
Jack:
Beginning capital balance: $112,000
Additional investment on August 1: $20,000 (for 5/12 of the year)
Average capital balance: ($112,000 + $20,000 x 5/12) / 2 = $116,667
Interest on average capital balance: $116,667 x 6% = $7,000
Bonus on net income before the bonus but after interest on average capital balances:
Net income before bonus: $80,000
Bonus rate: 10%
Apple: $80,000 x 10% = $8,000
Jack: $80,000 x 10% = $8,000
Salaries:
Apple: $25,000
Jack: $30,000
Residual:
Net income after interest, bonus, and salaries: $80,000 - $2,961 - $7,000 - $25,000 - $30,000 = $15,039
If positive:
Apple: $15,039 x 70% = $10,527
Jack: $15,039 x 30% = $4,512
If negative:
Apple: $15,039 x 50% = $7,520 (to be deducted from capital balance)
Jack: $15,039 x 50% = $7,520 (to be deducted from capital balance)
Overall, the distribution of partnership net income for 20x5 would be as follows:
Apple:
Interest on average capital balances: $2,961
Bonus on net income: $8,000
Salary: $25,000
Residual (positive): $10,527
Total distribution: $46,488
Jack:
Interest on average capital balances: $7,000
Bonus on net income: $8,000
Salary: $30,000
Residual (positive): $4,512
Total distribution: $49,512
We can verify that the total distributions add up to the net income of $80,000.
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Answer the question on the basis of the following information. Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. Refer to the given information and this information as well. The members of population B, consisting of Fred, George, Holly, Irma, and Joan, receive incomes of $4,000, $3,000, $1,250, $950, and $800, respectively. We: ________
a. Can say that the income of population b is less equally distributed than that of population a.
b. Can say that the income of population b is more equally distributed than that of population a.
c. Cannot make a meaningful comparison of the income distributions of populations a and b.
d. Can say that the poorest quintile of population b receives 12 percent of total income
No, we cannot say that the poorest quintile of population B receives 12 percent of total income based on the given information. In order to determine the poorest quintile, we would need to know the total income of population B and the income distribution within that population.
We only have information on the individual incomes of the members of population A and B, but we do not have any information on the total income of each population.
Additionally, it is important to note that quintile refers to the division of a population into five equal parts based on income or wealth. Without knowing the total income of each population and the income distribution within each population, we cannot accurately determine which quintile each individual falls into.
Therefore, it is not possible to make any conclusions about the income distribution of population B based on the given information.
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Give at least five reasons why a firm might decide AGAINST targeting a large and growing segment.
A firm might decide against targeting a large and growing segment due to factors such as competitive landscape, lack of resources, high entry balance, incompatible value and limited growth potential.
There are several reasons why a firm might decide against targeting a large and growing segment:
1. Lack of resources: Targeting a large and growing segment requires significant investment in marketing and distribution. A firm may not have the financial resources to compete effectively in this market.
2. Intense competition: A large and growing segment may also attract many other firms, resulting in intense competition. This may make it difficult for a new entrant to gain a foothold in the market.
3. High entry barriers: A large and growing segment may also have high entry barriers, such as regulatory requirements, patents, or proprietary technology. These barriers may make it difficult for a new firm to enter the market and compete effectively.
4. Incompatible values: A firm may also decide against targeting a large and growing segment if the values and needs of that segment are incompatible with the firm's values and offerings. For example, a firm that values sustainability may not want to target a segment that prioritizes low prices over environmental concerns.
5. Limited growth potential: Lastly, a firm may decide against targeting a large and growing segment if it believes that the market is already saturated or that the growth potential is limited. This may be the case if the segment is highly concentrated or if there are significant barriers to entry.
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what were the effects of most income earners leaving home each day to work in a shop, mill, or factory? multiple select question. the world of the family became dominated by production. the family became the principal unit of economic activity. primarily domes
The effects of most income earners leaving home each day to work in a shop, mill, or factory were significant and far-reaching. One effect was that the world of the family became dominated by production. This meant that the family's daily life revolved around work and earning a living.
Members of the family had to adjust their schedules and routines to accommodate the work schedules of the income earners. This often meant that household tasks, such as cooking, cleaning, and child-rearing, had to be reorganized. Another effect was that the family became the principal unit of economic activity. This meant that families had to work together to earn a living and support themselves.
This often involved family members working in the same shop, mill, or factory, or starting their own small businesses. The family also became responsible for providing for the basic needs of its members, such as food, clothing, and shelter.
Overall, the effects of most income earners leaving home each day to work in a shop, mill, or factory were significant and shaped the way families lived and worked. The family became the primary unit of economic activity, and the world of the family became dominated by production.
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a crucial function of the fed is to maintain a sound financial system by making loans even when no one else can. in this capacity, the fed acts as a . multiple choice question. lender of last resort regulator primary lender caretaker of a system of payments
In this capacity, the Fed acts as a lender of last resort. The lender of last resort is a role performed by central banks, like the Fed, in times of financial crisis when other lenders are unable or unwilling to lend.
The Fed provides loans to financial institutions that are experiencing liquidity problems but are otherwise financially sound. This helps to maintain stability in the financial system and prevent the spread of a crisis.
While the Fed also performs other important functions, such as regulating banks and overseeing the payment system, its role as lender of last resort is a crucial function in times of financial stress.
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f a firm was able to reduce its inventory level while keeping other things constant, we will see a change in which of the following accounting measures for liquidity? a decrease in quick ratio no change in any liquidity measure. a decrease in current ratio an increase in interval measure an increase in cash ratio
Option b is correct. A firm was able to reduce its inventory level while keeping other things constant, we will see a change in accounting an increase in interval measures for liquidity.
The fast ratio, commonly referred to as the acid-test ratio, gauges a company's capacity to settle its immediate liabilities using its most liquid assets. It is computed by dividing a company's current obligations by the total of its cash, accounts receivable, and short-term investments.
Because inventory is not regarded as a liquid asset, lowering inventory levels will cause the quick ratio to rise, signaling an increase in liquidity. Reducing inventory levels will result in a decline because inventory is a current asset.
The current ratio assesses a company's capacity to use its current assets to settle its short-term debts. A company's current ratio is determined by dividing its total current assets by its total current liabilities.
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Complete question
A firm was able to reduce its inventory level while keeping other things constant, we will see a change in which of the following accounting measures for liquidity?
a. a decrease in quick ratio
b. no change in any liquidity measure
c. a decrease in current ratio
d. an increase in interval measure
e. an increase in cash ratio
Why it is necessary to learn various aspects about the country where the people are going?
It is necessary to learn various aspects about the country where people are going for several reasons.
Firstly, understanding the culture, customs and norms of a country can help people adapt to their new surroundings more easily. Knowing basic greetings and understanding social etiquette can help build relationships and create a positive impression on locals. Secondly, having knowledge about the history, politics and geography of a country can provide insight into the country's values, beliefs and attitudes. This can help people understand the context of current events and interactions with locals.
Thirdly, being aware of potential risks such as crime, health concerns and natural disasters can help people prepare and take necessary precautions to stay safe. Finally, having an understanding and appreciation of the diversity of different cultures can help foster mutual respect and tolerance towards people from different backgrounds. Therefore, learning various aspects about a country can enhance one's travel experience and facilitate a smoother transition to a new environment.
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Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6. 60 Direct labor $ 3. 30 Variable manufacturing overhead $ 1. 10 Fixed manufacturing overhead $ 22,600 Sales commissions $ 1. 05 Variable administrative expense $ 0. 40 Fixed selling and administrative expense $ 7,000 If the selling price is $26. 30 per unit, the contribution margin per unit sold is closest to:
The contribution margin per unit sold for Tirri Corporation is $13.85.
To calculate the contribution margin per unit, we need to subtract the variable costs per unit from the selling price per unit.
Variable costs per unit
Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
= $6.60 + $3.30 + $1.10 + $1.05 + $0.40
= $12.45
Contribution margin per unit
Selling price per unit - Variable costs per unit
= $26.30 - $12.45
= $13.85
Therefore, the contribution margin per unit sold is closest to $13.85.
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Game of Drones Military Corporation is considering a new tank project. The firm will issue new preferred stock as part of the financing package. The firm currently has its preferred stock trading at $110. 00 per share. These preferred shares were issued with a par value of $100. 00 and offer a dividend rate of 4. 25% APR. For NEW shares of preferred stock, what coupon rate must Game of Drones use to sell shares close to a $100 par value
In order for Game of Drones Military Corporation to sell new shares of preferred stock close to a $100 par value, they will need to determine the appropriate coupon rate. The coupon rate is the annual interest rate that the company will pay to investors who hold preferred stock.
To calculate the coupon rate, Game of Drones will need to consider the current market price of its existing preferred stock. As per the information given, the firm's existing preferred stock is trading at $110.00 per share, which is a premium of $10.00 over the par value of $100.00 per share.
Since the new shares of preferred stock will be issued at par value, the company will need to set a coupon rate that will make them attractive to investors. If the coupon rate is set too low, investors may not be interested in buying the new shares. On the other hand, if the coupon rate is set too high, the company may end up paying more in dividends than it can afford.
To determine the appropriate coupon rate, Game of Drones will need to consider various factors such as the current market conditions, interest rates, and the company's financial health. Once the coupon rate is set, the company can proceed with the issuance of new shares of preferred stock as part of the financing package for the new tank project.
In summary, Game of Drones Military Corporation will need to carefully consider the coupon rate in order to sell new shares of preferred stock close to a $100 par value. By taking into account the current market conditions and the company's financial health, the company can set a coupon rate that will be attractive to investors and help them finance their new tank project.
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Marvin Gaye Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2020, at an agreed price of $400,000. At December 31, 2020, the raw material had declined in price to $365,000. What entry would you make on December 31, 2020, to recognize these facts?
Here is the journal entry you would make on that date, considering the decline in raw material price:
1. Debit "Estimated Liability on Purchase Commitment" for $35,000.
2. Credit "Unrealized Loss on Purchase Commitment" for $35,000.
- The agreed price of the raw materials was $400,000 on November 30, 2020.
- The price of the raw materials declined to $365,000 by December 31, 2020.
- The difference between these two amounts is $35,000 ($400,000 - $365,000).
By recording this journal entry, Marvin Gaye Company is recognizing the decline in the raw material price and creating an estimated liability for the difference in the price on the balance sheet. The unrealized loss is recorded in the income statement as a result of the change in the value of the purchase commitment.
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consumer finance companies that specialize in giving loans to people with poor credit scores is called....
a.banks
b.savings and loans associations
c.small loan companies
d.check cashing stores
Answer:
C
Explanation:
Small loan companies usually do not even require credit score checking.
what should susan three main talking points be to convince her mom that she should file her own tax return
Susan's three main talking points to convince her mom that she should file her own tax return could be:
Independence and ControlPotential SavingsCompliance and AccuracyWhy is filing one's own tax important ?By filing her own tax return, Susan's mom will gain autonomy and possess a greater influence over her finances. Moreover, she might be capable of enforcing economies on the fees for professional tax preparation which normally would have been paid to an accredited accountant.
Additionally, by filling in her own tax return, Susan's mom is ascertained to abide by the guidelines of taxation regulations, and can ensure that she has precisely stated her income as well as reimbursement lawfully.
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A major reason for the continued success of outdoor advertising is group of answer choices its ability to communicate complex messages. its low cost. its ability to eliminate waste coverage. its ability to remain innovative through technology. its ability to provide extremely accurate measures of the medium's reach.
A major reason for the continued success of outdoor advertising is its ability to remain innovative through technology.
Outdoor advertising, often known as out-of-home advertising, reaches consumers when they are away from their homes. Billboards, bus shelters, kiosks, and transit advertising are all examples of outdoor advertising.
Outdoor advertising refers to any type of advertisement that is displayed outside, typically in public places such as roadside billboards, bus stops, train stations, and other public places. Banners and signs posted in public places, such as buildings, parks, and beaches, can also be included. Advertising appears to follow customers everywhere they go, including supermarket shopping carts, sporting venues, and health clubs. They can be high-tech, as in digital, or low-tech, as in mini-posters advertising dog-walking support pinned to a coffeehouse bulletin board.
Option C is the correct answer.
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for a $300,000 loan at a 12 percent annual interest rate with a 30-year amortization period, how many discount points would the lender have to charge to increase the lenders' yield to 13 percent? assume monthly payments and no prepayment of the mortgage by the borrower prior to maturity.
The total discount points the lender have to charge to increase the lenders' yield to 13 percent is equal to 3.23 discount points.
To solve this problem, we can use the formula for the present value of a loan:
PV = PMT * (1 - 1/(1+r)^n) / r
where PV is the present value of the loan, PMT is the monthly payment, r is the monthly interest rate, and n is the total number of payments.
First, we can calculate the monthly payment using the loan amount, interest rate, and amortization period:
PMT = P * r / (1 - (1+r)^(-n))
we get:
PMT = 300000 * 0.01 * (1 + 0.01)^360 / ((1 + 0.01)^360 - 1) = $2,962.48
Next, we need to calculate the present value of the loan at a 13 percent yield for the lender. We can use the same formula as before, but with a different interest rate:
PV = PMT * (1 - 1/(1+r)^n) / r
where r is the new monthly interest rate that corresponds to a 13 percent annual yield. We can solve for r using the following equation:
(1+r)^12 - 1 = 0.13 / 12
which gives us r = 0.010769.
Plugging in the new values, we get:
PV = 2962.48 * (1 - 1/(1+0.010769)^360) / 0.010769 = $309,695.35
To find the number of discount points the lender needs to charge,
Discount Points = (PV - P) / P * 100
where P is the original loan amount and PV is the present value of the loan at the 13 percent yield.
Plugging in the numbers, we get:
Discount Points = (309695.35 - 300000) / 300000 * 100 = 3.23 points
Therefore, the lender would have to charge 3.23 discount points to increase their yield from 12 percent to 13 percent.
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only two adjustments appear in the adjustments column of a worksheet for wycliff publications: one to record $850 depreciation of office equipment and the other to record the use of $610 of office supplies. if the trial balance column totals are $15,430, what are the totals of the adjusted trial balance columns?
To determine the totals of the adjusted trial balance columns, we need to add the account balances from the trial balance column and adjust them based on the adjustments provided in the adjustments column.
Based on the information provided, we know that there are two adjustments:
Depreciation of office equipment of $850
Use of office supplies of $610
To adjust the accounts in the trial balance, we need to subtract $850 from the balance of the office equipment account and subtract $610 from the balance of the office supplies account.
Assuming that the office equipment account and office supplies account are the only accounts affected by the adjustments, the adjusted trial balance columns would be:
Account Debit Credit
Office Equipment $-850
Office Supplies $ $-610
Total $-850 $-610
Trial Balance Total $15,430 $15,430
Adjusted Trial Balance Total $14,580 $14,820
In the adjusted trial balance, the debit and credit columns should still balance. The debit column total is $14,580, which is the total of the debit balances after the adjustment for the office equipment account. The credit column total is $14,820, which is the total of the credit balances after the adjustment for the office supplies account.
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the facilitating functions of marketing include: group of answer choices buying and selling. securing market information and storage. risk taking and transporting. securing marketing information and financing.
The facilitating functions of marketing refer to the activities that support the main functions of marketing and help in the smooth functioning of the marketing system. Option d is correct
Securing marketing information involves gathering, examining, and sharing data on markets, clients, rivals, and other aspects that influence marketing choices.
Giving money to support marketing initiatives like product development, advertising, and sales promotions is known as financing.
Risk-taking: Taking the risks necessary to create, market, and sell new products or enter new markets.
Transporting is the act of physically moving goods from the place of production to the place of consumption.
Holding goods in storage until they are required for use or sale.
Therefore, obtaining funding and marketing data is the right response to the question.
Option d is correct
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True or False: companies use exit interviews to gather feedback about the company’s policies and procedures, management, and operations.
Answer:
false
Explanation:
it's not true because it's not right Statement
Suppose that your favorite electronics store maintains an inventory of a certain brand and model of mp3 player. the store pays the manufacturer $165 for each mp3 player ordered. each order incurs a fixed cost of $40 in order processing, shipping, etc. and requires a 2 week lead time. the store estimates that its cost of capital is 17% per year, and it estimates its other holding costs (warehouse space, insurance, etc.) at $1 per mp3 player per month. the demand for mp3 players is steady at 40 per week.
required:
a. using the eoq model, calculate the optimal order quantity, reorder point (r), and average cost per year.
b. now suppose that backorders are allowed, and that each backorder incurs a stockout penalty of $60 per stockout per year. using the eoq model with planned backorders, calculate the optimal order quantity, stockout percentage (x), reorder point (r), and average cost per year. how much money would the store save per year by allowing stockouts, expressed as a percentage?
The store pays the manufacturer $165 for each mp3 cost estimations theory player ordered. each order incurs a fixed cost of $40 in order processing, shipping, etc that backorders are allowed, and that each backorder.
A stockout penalty of $60 per stockout per year. using the eoq model with planned backorders, calculate the optimal order quantity,
Before you can calculate the cost of creating mp3 devices, you must first determine the company's entire overhead costs.
Cost-benefit analysis illustration.
• Divide the $2000 weekly overhead expense by the quantity of weeks required to produce the mp3 devices.
• After that, add the price of each MP3 player to the overall overhead expense. The sum of these two figures is the cost of manufacturing mp3 players.
• For instance, if manufacturing the mp3 devices takes 4 weeks, the final cost would be $8,180 ($2000 x 4 weeks + 45 x 4 weeks).
Cost of overhead is $2000 per week.
MP3 Player Price: $45 .Total Price = Overhead Price + MP3 Player Price Total Price = $2000.
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A(n) ______ is someone who works for the organization and is widely respected and trusted by his or her co-workers to hear grievances on a confidential basis and attempt to arrange a solution.
A(n) ombudsman is someone who works for the organization and is widely respected and trusted by his or her co-workers to hear grievances on a confidential basis and attempt to arrange a solution.
An ombudsman is a neutral party who is tasked with helping to resolve conflicts in a fair and impartial manner. The role of an ombudsman is to act as an independent intermediary between employees and management, with the goal of ensuring that everyone's concerns are heard and addressed.
The ombudsman is typically responsible for investigating complaints, gathering information, and providing advice and support to employees who are experiencing problems at work. They are often skilled in conflict resolution and have experience in managing complex interpersonal dynamics. Ombudsmen are also responsible for monitoring the effectiveness of the organization's complaint resolution process, identifying trends or patterns that may require attention, and making recommendations to management for process improvements.
One of the key benefits of having an ombudsman in the workplace is that they can provide a safe and confidential environment for employees to voice their concerns. This can be particularly helpful in situations where employees may be hesitant to come forward with complaints due to fear of retaliation or retribution. By working with an ombudsman, employees can feel more comfortable speaking up and seeking solutions to workplace issues.
Overall, the role of the ombudsman is an important one in any organization, as it helps to ensure that everyone is treated fairly and with respect.
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a nonexcludable good is a good in which: group of answer choices it is difficult to prevent someone from using or having access to the good. one person consuming or using the good cannot prevent others from using or consuming the same unit of the good. there is a regulation that the good must be provided to everyone. the good has no cost of production and so is available to consumers at no cost.
A nonexcludable good is the good in which one person consuming or using the good cannot prevent others from using or consuming the same unit of the good. Option B is correct.
A nonexcludable good is a type of public good that is difficult, costly, or impossible to prevent someone from using or having access to it once it is provided. In other words, it is a good for which exclusion of non-payers is not feasible or is prohibitively expensive. This creates a free-rider problem, where individuals can benefit from the good without paying for it. Examples of nonexcludable goods include clean air, national defense, street lighting, and public parks.
In other words, it is a good that is difficult or impossible to exclude people from using or having access to, regardless of whether or not they have paid for it.
Hence, B. is the correct option.
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--The given question is incomplete, the complete question is
"A nonexcludable good is a good in which: group of answer choices A) it is difficult to prevent someone from using or having access to the good. B) one person consuming or using the good cannot prevent others from using or consuming the same unit of the good. C) there is a regulation that the good must be provided to everyone. D) the good has no cost of production and so is available to consumers at no cost."--
What type of money are included in the M2 category? Check all that apply
Currency
Saving account
Checking accounts
Commodity money
Short-tears investment accounts
Answer:
Currency, saving accounts, checking accounts, and short-term investment accounts are included in the M2 category. Commodity money is not included in the M2 category.
agriculture price supports that establish a price floor at which agricultural products may be purchased that exceeds the market clearing price benefit taxpayers, who receive subsidies from producers that the price support program forces to sell to the government at an artificially established price. benefit consumers, who are willing and able to purchase more agricultural products at the floor price. result in the quantity of these products supplied exceeding the quantity demanded at the floor price. create a shortage of agricultural products.
Agriculture price supports are a policy tool used by governments to stabilize the prices of agricultural products by setting a minimum price floor above the market clearing price.
This policy benefits taxpayers, who receive subsidies from producers who are required to sell their products to the government at the artificially established price. This program also benefits consumers who are able to purchase more agricultural products at the floor price, which can help support food security.
However, the policy can also have some negative impacts. The quantity of agricultural products supplied can exceed the quantity demanded at the floor price, resulting in a surplus of goods that may go to waste or require government intervention to manage. Additionally, the price floor may create a shortage of agricultural products as producers are incentivized to reduce supply due to the higher cost of production.
Overall, while agriculture price supports can be beneficial to some stakeholders, they can also have unintended consequences such as surplus and shortage of products. As such, governments must carefully consider the impacts of this policy before implementing it.
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A sold watch to B at a 20% gain and B sold it to C at a loss of 10%. If C bought the watch for Rs. 216, at what price did A purchase it?
Rs. 150
Rs. 276
Rs. 200
Rs. 216
A purchased the watch for Rs. 200. Option c is Correct.
A fresh deal for 1,000 aircraft was made by the government. Additionally, you should use "purchase" when you require a noun form, as in the sentence: You made a wise purchase when you bought petrol before the price increased. In conclusion, try to use "buy" for straightforward activities and "purchase" for more official transfers of money for things.
Let's assume that the price at which A purchased the watch is x.
A sold the watch to B at a 20% gain, which means B paid 120% of the price A paid:
120% of x = 1.2x
B sold the watch to C at a loss of 10%, which means C paid 90% of the price B paid:
90% of 1.2x = 1.08x = Rs. 216
Solving for x, we get:
x = Rs. 200
Therefore, A purchased the watch for Rs. 200. Option c is Correct.
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kaitlin has $10,000 of savings that she may deposit with her local bank. kaitlin wants to earn a real rate of return of at least 4 percent, and she is expecting inflation to be exactly 3 percent. what is the lowest nominal interest rate that kaitlin would be willing to accept from her local bank?
The lowest nominal interest rate that Kaitlin would be willing to accept from her local bank is 7 percent.
The nominal interest rate is the stated rate of interest that appears on a loan or other financial instrument. It is the rate that the borrower pays, or the investor receives, before taking into account any fees or other costs associated with the transaction.
With a $10,000 deposit at a bank, Kaitlin anticipates real returns of 4 percent when inflation is anticipated to be 3 percent. As a result, the lowest nominal interest rate is determined as follows:
Nominal Interest Rate = Real Interest Rate + Inflation
Nominal Interest Rate = 4 + 3
Nominal Interest Rate = 7
Kaitlin would thus be prepared to accept the bank's lowest interest rate of 7 percent.
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Is Canada justified in its actions to restricting/blockingimports or are countries such as Jamaica, Australia and Colombiacorrect in criticizing Canada? Why or why not?
Canada's restriction/blocking of imports cannot be justified since it is a breach of international trade regulations. Countries such as Jamaica, Australia, and Colombia have legitimate grounds to criticize Canada's import policy.
Canada's trade policy seeks to maintain an open and rule-based global trading system, where businesses can access new markets, gain new clients, and make new investments. Canada's economic development is heavily reliant on international trade. Canada's economic success is dependent on its ability to trade with other countries. Restricting/blocking imports can have a detrimental impact on the economy of both the importing and exporting nations.
Import restrictions can result in higher prices, reduced product availability, decreased competition, and market inefficiencies. Importing nations can also miss out on economic advantages, such as the potential to gain access to new products and technologies, and the opportunity to improve their balance of payments by importing less expensive goods. In general, import restrictions are not a good idea since they can result in negative effects on both the exporting and importing countries actions.
Canada, Jamaica, Australia, and Colombia are all signatories to the World Trade Organization (WTO) agreement, which stipulates that each member country must maintain an open, fair, and predictable global trading system. Canada's decision to restrict/block imports contradicts this agreement, which is why other countries criticized Canada.
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"Question 52A ______ is a written description of a new venture,including its objectives and the steps for achievingthem.A. mission statementB. sales pitchC. elevator pitchD. business"
Business plan is a written description of a new venture, including its objective and the steps for achieving them. Thus, correct answer is D.
A business plan is a written document that describes in detail how a company, typically a new one, is going to achieve its objectives. A business plan lays out a written description of the new company, its products or services, its business model, its strategy for making money, and its management team.
A well-crafted business plan contains the following key components: Executive summary, Company description, Market analysis, Service or product line, Marketing and sales, Financial projections, Funding request, Management team, and Appendix.
A business plan is essential for any startup or expanding company since it serves as a roadmap and allows business owners to track their progress. The business plan assists in the creation of short and long-term goals while also assisting in the development of a cohesive strategy to achieve those goals. The business plan aids in the calculation of a company's potential revenue and financial growth.
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Donna owns a hair salon. Though Donna pays stylists good wages, she finds it difficult to retain talented employees. Her business remains profitable, but since her customers tend to prefer to stick with their favorite stylists, turnover has caused her to lose several valuable clients. Donna is dealing with which type of resource?A. financialB. humanC. informationalD. physical
Donna is dealing with human resources. She is facing difficulty in retaining talented employees in her hair salon, which is causing her to lose valuable clients. The answer is option B.
Resources refer to any entity or factor, which can be used in the creation of wealth. This includes, but is not limited to, land, labor, capital, and entrepreneurship. These resources are available to businesses, individuals, and governments, and can be used to produce goods and services.
Based on this definition, we can categorize resources into four types as follows:
Human resource: This refers to the people who are employed by the organization. They are the ones who bring their knowledge, skills, and abilities to the workplace to create wealth.
Financial resources: This includes the money that a business uses to buy or rent equipment, pay employees, and cover other expenses. Without adequate financial resources, a business may struggle to survive.
Physical resources: This refers to the tangible assets that a business owns, such as land, buildings, and equipment. These assets are used to produce goods and services.
Informational resources: This includes any knowledge, data, or expertise that a business or individual possesses. These resources can be used to make informed decisions, develop new products, or improve existing ones.
So, the answer is option B.
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you own a portfolio that has $2,200 invested in stock a and $3,300 invested in stock b. assume the expected returns on these stocks are 12 percent and 18 percent, respectively. what is the expected return on the portfolio? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The expected return on the portfolio can be calculated by weighting the expected returns of the individual stocks by their respective portfolio weights:
Expected return of individual stock = (weight of stock A x expected return of stock A) + (weight of stock B x expected return of stock B)
Expected return = (2200/5500 x 0.12) + (3300/5500 x 0.18)
Expected return = 0.06981818 + 0.11890909
Expected return = 0.18872727 or 18.87% (rounded to 2 decimal places)
Therefore, the expected return on the portfolio is 18.87%.
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1. some have argued that advertising is morally suspect in part because it manufactures in us desires that are not original to us. arrington considers and rejects this objection to advertising. why does he argue this objection is not compelling?
In his essay "Advertising: What It Does, How It Works," philosopher Edward J. Arrington considers the objection that advertising is morally suspect because it creates desires in us that are not our own.
He argues that this objection is not compelling because it relies on a flawed conception of desire.
Arrington suggests that desires are not simply innate, pre-existing states that we either possess or lack. Rather, desires are formed and shaped by a range of factors, including our social and cultural environment. Advertising, then, is not so much creating desires out of nothing, as it is tapping into existing desires and shaping them in particular ways.
Moreover, Arrington argues that the objection to advertising is based on a false assumption that there is some authentic, original self that is being manipulated by advertising. He suggests that our selves are not fixed or static, but rather are constantly being shaped and reshaped by our experiences and interactions with the world around us.
In this way, Arrington rejects the objection that advertising is morally suspect because it manufactures desires that are not original to us. Instead, he suggests that advertising is simply one of many forces that shape our desires, and that it is up to us as individuals to critically evaluate and reflect upon the desires that we have.
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he cost components of a heater include $30 for the compressor, $10 for the sheet molded compound frame, and $75 per unit for assembly. the factory machines and tools cost is $60,000. the company expects to produce 1,000 heaters in the coming year. what cost function best represents these costs? y
The cost function that best represents the costs of producing the heaters is C(x) = 30x + 10x + 75x + 60,000, where, C(x) = total cost and x = number of units produced.
The first three terms represent the direct costs of producing each heater, which are the cost of the compressor, the sheet molded compound frame, and the assembly cost. Since these costs are directly proportional to the number of units produced, we can multiply each cost by the number of units produced (x) to get the total direct cost.
The last term represents the factory machines and tools cost, which is a fixed cost that does not vary with the number of units produced. Therefore, we can simply add this cost to the total direct cost to get the total cost function.
The cost function that best represents the costs of producing the heaters is a linear function that includes both fixed and variable costs. The fixed cost consists of the factory machines and tools cost, while the variable cost includes the direct costs of producing each unit.
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