The difficulties in communicating the benefits of a tourism service to potential consumers and increases the consumer's perceived risk of purchase because they cannot inspect products or services before reserving, travelling to, and often paying for, the product is intangibility
Intangibility creates difficulties in communicating the benefits of a tourism service to potential consumers and increases the consumer's perceived risk of purchase because they cannot inspect products or services before reserving, traveling to, and often paying for, the product. Tourism services refer to activities that people engage in when they are traveling to different places for leisure or business purposes. The benefits of such services are not physical, and thus it is difficult to convey the value of the product to potential consumers.
When a consumer makes a purchase decision, they rely heavily on their perceptions of the product. Perceptions can be influenced by external factors such as marketing communication or word of mouth from family and friends. However, in the case of tourism services, consumers cannot touch, feel, or test the product before making a purchase. The inability to experience the product before purchasing can create uncertainty and increase the perceived risk of the purchase decision. So therefore difficulties in communicating the benefits of a tourism service to potential consumers and increases the consumer's perceived risk of purchase is intangibility.
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1. The conversion cycle comprises two major subsystems: Blank 1 and Blank 2 systems.
2. a Ledger is a book of Blank 1 that reflects the financial effects of the firm transactions.
The conversion cycle comprises two major subsystems: production and sales systems.
A ledger is a book of accounts that reflects the financial effects of the firm's transactions.
1. The process of turning raw materials into finished products and then selling them to customers is referred to as the conversion cycle. It involves a number of steps such as purchasing raw materials, producing goods, and selling them. Activities like sourcing materials, manufacturing, quality assurance and inventory management are all included in the production system. The sales system includes tasks for marketing, processing sales orders, managing customer relationships and distribution.
2. An essential element of the accounting system that is used to track and compile financial transactions is a ledger. It is a book or electronic record with individual accounts that classifies and organizes financial data. A distinct category such as assets, liabilities, equity, revenues or expenses is represented by each account. The ledger provides a chronological and organized record of the transactions that are recorded in the corresponding accounts. The ledger is necessary for keeping precise financial records, monitoring the company's financial position and creating financial statements.
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P/E, PEG, Dividend rates Calculate the price earnings ratio, PEG ratio, dividend rate, and dividend payout ratio for each of the following companies. Will each ratio consistently rank the companies fr
Price Earnings Ratio (P/E)The price earnings ratio (P/E) is an important ratio to analyze stocks and it compares the current stock price to earnings per share (EPS).
P/E is used to evaluate the stocks of companies based on their earnings. It is calculated by dividing the market value per share by the earnings per share. The formula for calculating P/E ratio is:P/E ratio = Market value per share / Earnings per share (EPS)PEG RatioPEG ratio is a metric to estimate a company's value while taking into account the company's earnings growth.
It is a ratio that compares the P/E ratio to the growth rate of earnings per share (EPS). The formula for calculating the PEG ratio is:PEG Ratio = P/E ratio / Annual EPS Growth RateDividend RatesDividend rates are the percentage of dividend paid out by a company per share of stock. This can be expressed as an annual percentage of the stock price. Dividend rates are paid out by companies to shareholders as a way of returning profits to them.
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36.ROA (return on assets) is measured by Earnings before
interest & tax / Average total assets
Assume ROA is less than 100% and that the cash balance remains
positive.
State the effect the followi
ROA (return on assets) is measured by Earnings before interest & tax / Average total assets. If the ROA is less than 100% and the cash balance remains positive, then the following will occur:
1. There will be a lower net income because the Earnings before interest and tax would be less than the Average total assets.
2. There will be a reduction in shareholder returns because they would receive less dividend on their investment.
3. There will be a decrease in assets because there would be a decrease in the cash balance if the company doesn't reinvest its earnings.
4. The company may face difficulties in repaying its debts since its earnings are insufficient.
5. The company will have a hard time attracting new investors because its returns are low compared to competitors.
6. The management may need to find ways to cut expenses and improve the company's profitability.
7. The company's growth potential is limited because the returns are lower than expected.
8. The company's liquidity position is still good because its cash balance is positive, but the management needs to manage it wisely to ensure the company's long-term survival.
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Consider the following information regarding the company's history: • Accounts Receivables total $950,000 • Estimates show that 4% of its receivables will be uncollectible • No balance in the Allowance account Using the allowance method, what is the correct amount of a company's bad debt expense for the year, given the above information? $38,000 $36,480 $42,750 $39,520
The correct amount of the company's bad debt expense for the year, based using the allowance method, is $38,000.
To calculate the correct amount of bad debt expense for the year using the allowance method, we need to determine the estimated uncollectible amount based on the accounts receivable balance and the provided percentage.
Given that the accounts receivable total is $950,000 and it is estimated that 4% of the receivables will be uncollectible, we can calculate the estimated uncollectible amount as follows:
Estimated Uncollectible Amount = Accounts Receivable Total * Estimated Uncollectible Percentage
= $950,000 * 4%
= $38,000
Therefore, the correct amount of the company's bad debt expense for the year, based on the above information and using the allowance method, is $38,000.
It is important to note that the bad debt expense represents the estimated amount of accounts receivable that the company does not expect to collect. This expense is recorded to reflect the potential loss from uncollectible receivables and to properly match revenues with expenses in the accounting period.
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Liabilities Assets Cash $55,000 Current Liabilities $60,000 Accounts Receivable $30,000 Common Stock $200,000 Inventory $70,000 Retained Earnings $125,000 Land $30,000 Building $200,000 Total Assets $
The calculation of total liabilities is done by adding up all the liabilities of a company. Liabilities are the amounts owed to creditors by the company. These can be short-term (due within one year) or long-term (due after one year).
calculate the total liabilities from the given information. Total liabilities = current liabilities Current liabilities are the liabilities that are expected to be paid within one year. The given current liabilities are $60,000.Therefore,Total liabilities = $60,000.The calculation of total assets is done by adding up all the assets of a company. Assets are the resources owned by the company that are expected to provide a future economic benefit.
These can be current (expected to be sold or used within one year) or long-term (expected to provide a benefit for more than one year).Total assets = cash + accounts receivable + inventory + land + building Total assets = $55,000 + $30,000 + $70,000 + $30,000 + $200,000Total assets = $385,000Therefore,Total liabilities = $60,000Total assets = $385,000.
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1. Suppose that production function of the steelworks is given by Q5LK, where L is the number of workers, and K is the amount of capital used to give Q units of steel daily. Steelwork can hire labor at $10 per unit, and the cost of capital is $20 per unit. What are the returns to scale of the above production function? What is the optimal mix of inputs to produce 40 units of steel?
The production function for the steelworks is given by Q = 5LK. The cost of labor per unit = $10 and the cost of capital per unit = $20.
Thus, the cost of production per unit can be calculated as follows: Cost per unit = ($10 × L) + ($20 × K)The returns to scale of the above production function The returns to scale of a production function are determined by increasing both capital and labor inputs proportionately, and then calculating the resulting increase in output.
We say that a production function exhibits constant returns to scale if when we double the inputs, we get exactly twice as much output. The production function is given by Q = 5LK. Therefore, if we increase both capital and labor inputs proportionately, the resulting increase in output can be calculated as follows: If we double both L and K, then the new output Q' can be calculated as follows: Q' = 5(2L)(2K) = 20LKThus, if we double both inputs, we get four times as much output.
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If we want to have exist300,000 after 13 years. How much do you need to pay at the beginning of each month for the next 13 years with 5% as interest? A. exist1, 411.4 B. exist1, 369.2 C. exist1, 363.5 D. None of the above You want to buy a house worth exist300,000.
If you make monthly payments of approximately exist1,369.2 at the beginning of each month for the next 13 years with a 5% interest rate, you will be able to accumulate $300,000. Therefore, the correct answer is B. exist1,369.2.
A fixed sum of money that is paid on a regular basis as part of a contract or financial obligation is referred to as a monthly payment. It is frequently used to describe loans, mortgages, or other types of financing in which the entire sum is split into equal payments spread out over a number of months. Here, PV represents monthly payments.
PV = P × [(1 - (1 + r)⁻ⁿ) / r]
PV = present value (the desired future value of $300,000)
P = monthly payment
r = monthly interest rate (5% divided by 12)
n = total number of periods (13 years multiplied by 12 months).
PV= 300,000×[1-(1-0.0042)⁻¹⁵⁶/0.0042]
PV ≈ 1,363.5
monthly payment would be approximately exist1,363.5.
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The complete question is "If we want to have exist300,000 after 13 years. How much do you need to pay at the beginning of each month for the next 13 years with 5% as interest? A. exist1, 411.4 B. exist1, 369.2 C. exist1, 363.5 D. None of the above"
Which financial statements reflect the costs of production, explain? what is the difference between operation expense of cost of goods sold?
The financial statements that reflect the costs of production are the income statement and the statement of cost of goods manufactured. Difference between operation expense of cost of goods sold Operation expenses (OPEX) are expenses associated with a company's regular business operations, such as rent, utilities, salaries, and office supplies.
The financial statements that reflect the costs of production are the income statement and the statement of cost of goods manufactured. These statements are significant to businesses because they provide information about the cost of producing goods sold in order to calculate the cost of goods sold. The cost of goods sold (COGS) is the cost of the goods that a business has sold during a given time period.
Difference between operation expense of cost of goods sold Operation expenses (OPEX) are expenses associated with a company's regular business operations, such as rent, utilities, salaries, and office supplies. Cost of goods sold (COGS), on the other hand, is the direct cost of the goods sold by a business, including the cost of raw materials, labor, and other costs associated with producing the goods. COGS is an expense associated with the cost of making goods, whereas OPEX is an expense associated with running a business. OPEX does not take into account the cost of goods sold, whereas COGS reflects the direct cost of producing the goods sold. COGS is deducted from the revenue to calculate the gross profit, while OPEX is deducted from the gross profit to calculate the net income.
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French and
Raven (1959) developed a taxonomy to classify different types of
power according to their source. This taxonomy includes five
different types of power (List
and
explain those five
types).
French and Raven (1959) developed a taxonomy to classify different types of power according to their source. This taxonomy includes five different types of power. They are as follows:
coercive power
Referent power
Reward power
Expert power
Legitimate power
coercive power- Coercive power is power that comes from the belief that an individual can harm others and control their outcomes. The coercive power is, thus, directed to get individuals to avoid the undesirable outcomes.
Referent power- Referent power is the power that comes from identification with an individual who has attractive resources or personal traits. These traits may include charisma, personality, and other characteristics.
Reward power- Reward power is the power that comes from the ability to provide rewards to others. It is based on the belief that people will respond well when they receive rewards.
Expert power- Expert power is power that comes from an individual’s specialized knowledge or skills. Expert power is a power that is derived from the belief that others depend on the expertise or information of an individual.
Legitimate power- Legitimate power is power that comes from a formal position in an organization or social structure. It is power that is based on the perception that an individual has the right to prescribe the behaviors of others based on the position that the individual holds.
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Janet has $4,000 in undergraduate education expenses. Which of the following is her best choice for a tax credit based on this, if her adjusted gross income is $50,000? a. Student interest deduction b. American Opportunity Credit c. Student tuition deduction d. Lifetime Learning Credit
American Opportunity Credit. This credit provides a higher potential credit amount, is specifically designed for undergraduate education expenses, and offers the possibility of a partial refund if the credit exceeds the tax liability.
Which of the following is Janet's best choice for a tax credit based on her $4,000 undergraduate education expenses and adjusted gross income of $50,000: Student interest deduction, American Opportunity Credit, Student tuition deduction, Lifetime Learning Credit?To determine the best choice for a tax credit based on Janet's $4,000 undergraduate education expenses and her adjusted gross income of $50,000, let's consider the available options:
Student interest deduction:
The student interest deduction allows individuals to deduct up to $2,500 of interest paid on qualified student loans. It does not directly apply to undergraduate education expenses. Therefore, this option is not applicable in Janet's case.
American Opportunity Credit:
The American Opportunity Credit is a tax credit available to eligible students for qualified education expenses, including undergraduate education expenses. It provides a credit of up to $2,500 per year for the first four years of post-secondary education.
This credit is partially refundable, meaning it can reduce tax liability and result in a refund if the credit exceeds the tax owed. Given that Janet has undergraduate education expenses, the American Opportunity Credit seems to be a suitable choice.
Student tuition deduction:
The student tuition deduction allows individuals to deduct qualified tuition and related expenses, but it is not as beneficial as the American Opportunity Credit. This deduction is generally not as advantageous as a tax credit since it reduces taxable income rather than directly reducing the tax liability. Therefore, this option is not as favorable as the American Opportunity Credit.
Lifetime Learning Credit:
The Lifetime Learning Credit is another tax credit for eligible students and lifelong learners. It provides a credit of up to $2,000 per year for qualified education expenses, including undergraduate and graduate education expenses.
However, it is non-refundable, meaning it can only reduce tax liability and cannot result in a refund. Compared to the American Opportunity Credit, the Lifetime Learning Credit offers a lower maximum credit amount and is not as advantageous in Janet's case.
Based on the available options and Janet's situation, the best choice for a tax credit would be:
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As discussed in class, Zappos has experimented with a unique organizational structure termed 'holacracy'. If you were an employee of an organization that suddenly switches over to a 'flatarchy' (no lines of reporting at all and everyone works in their own 'circle' , as at Zappos), what is the biggest problem you would experience ? You are free to offer your own perspective on the issue ; if you feel that there would be no problem at all in working in a 'holacracy', explain why you believe this is so.
The sudden switch from the traditional hierarchical structure of an organization to a flatarchy can be a major issue for employees. It may be a difficult change for those who have been used to working within a traditional organizational structure where managers and executives made all the decisions and gave out specific tasks to employees.
When an organization suddenly switches to a holacracy or flatarchy, it can lead to confusion among employees as they may not be sure what their exact roles and responsibilities are. Since there is no formal hierarchy, they may not know who to go to for guidance or direction on a particular task.
Also, the lack of structure may lead to a lack of accountability, as there may be no one to take responsibility for certain tasks or projects that are not completed on time or are not done to the required standard.
Furthermore, employees may experience a lack of clear goals and objectives. With no one in a formal position of leadership, it can be challenging for individuals to understand what the company's goals are and how they fit into achieving them. This can lead to confusion and a lack of motivation among employees since they may not see how their work contributes to the company's overall success.
Overall, the biggest problem employees would experience in a holacracy or flatarchy is the lack of structure, which can lead to confusion, lack of accountability, unclear goals, and ultimately, a lack of motivation among employees.
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43 of 48 What is the impact of using checklists for final deliverables? They do not need to come from an entire systems perspective. Missing items can be disregarded. They create adversarial relations
Checklists are used to ensure that all the required tasks have been completed, and all the important factors have been taken into account in a particular project or task. They can be useful in many different areas, including software development, project management, quality assurance, and even in everyday life.
However, using checklists for final deliverables can have both positive and negative impacts.Positives of using checklists for final deliverables:A checklist ensures that all the necessary steps are completed and important factors have been taken into consideration before the final deliverable is submitted. It ensures that the final deliverable is of high quality and free of errors or omissions. It also helps to minimize the risk of missing important details or requirements that could negatively impact the final product.Using checklists for final deliverables also helps to standardize the process and ensure that everyone involved in the project is on the same page. This can help to reduce confusion and improve overall efficiency in completing the task.Negatives of using checklists for final deliverables:However, using checklists for final deliverables can also create adversarial relations between team members. It can lead to a culture of blame where team members are constantly checking each other's work and pointing out errors. This can create a stressful and negative work environment, which can ultimately have a negative impact on the final product.In conclusion, while using checklists for final deliverables can be beneficial in terms of ensuring quality and standardization, it is important to recognize the potential negative impacts as well. Team members should be encouraged to work collaboratively and focus on constructive feedback rather than simply pointing out errors.For such more question on software
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Use the following information for the next two items: On June 30, 2019, Ledsen Corporation leased a vehicle to Sleeping Co. Ledsen Corporation had purchased the vehicle on that day for its fair value of P89,721. The lease agreement, which cost Ledsen Corporation P1,457 to have drawn up, contained the following. Lease term - 4 years Economic life of vehicle - 6 years Annual payment, payable in advance on June 30 each year - P23,900 ▪ Estimated residual value at end of lease term - P15,000 ▪ Residual value guarantee - P7,500 Interest rate implicit in the lease (known to Sleeping) - 7% Sleeping's incremental borrowing rate - 8% Included in the annual payment is an amount of P1,900 to cover reimbursement for the costs of insurance and maintenance paid by the lessor. The asset will be returned to the lessor at the end of the lease term. Sleeping Co.'s fiscal year end is June 30. Note: Round off present value factors to four decimal places. Round off amounts to the nearest peso. Based on the information above, answer the following:
1. How much is the initial measurement of the right of use asset?
2. What is the current portion of the lease liability as at June 30, 2020?
1. Calculation of the initial measurement of the right-of-use asset The initial measurement of the right-of-use asset is the sum of the lease liability and any initial direct costs incurred by the lessor, less any lease incentives received by the lessee. Initial direct costs refer to the cost incurred by the lessor to obtain a lease.
Therefore, the initial measurement of the right-of-use asset is P93,571.00.2. Calculation of the current portion of the lease liability as at June 30, 2020:Each year, the lease payment payable in advance on June 30 is P25,800, of which P23,900 is for the use of the asset, and P1,900 is for reimbursement of insurance and maintenance expenses.Using the information given, the carrying amount of the lease liability on June 30, 2019, was P92,114.78 (computed above). Hence, the lease liability balance at the start of the current year (July 1, 2019) is P92,114.78.
The total payment for the year ended June 30, 2020, is P25,800, of which P23,900 is for the use of the asset, and P1,900 is for insurance and maintenance expenses. The interest component of the lease payment is calculated as follows: Interest component = Lease liability at the beginning of the period x Interest rate Lease liability at the beginning of the period = P92,114.78Interest rate = 7%Interest component = P92,114.78 x 7% = P6,448.04
Therefore, the current portion of the lease liability as of June 30, 2020, is the sum of the principal payment (lease payment - interest component) for the current year and the remaining balance of the lease liability at the end of the current year. Current portion of lease liability = Lease liability at the beginning of the year + Lease payment - Interest component - Lease liability at the end of the year Lease liability at the beginning of the year = P92,114.78Lease payment = P23,900 + P1,900 = P25,800.
Interest component = P6,448.04Lease liability at the end of the year = P85,807.06 (computed below)Lease liability at the end of the year = Lease liability at the beginning of the year + Principal payment Lease liability at the beginning of the year = P92,114.78.
Principal payment = Lease payment - Interest component = P25,800 - P6,448.04 = P19,351.96Lease liability at the end of the year = P92,114.78 + P19,351.96 = P85,807.06.
Therefore, the current portion of the lease liability as at June 30, 2020, is P25,558.76 (computed below):Current portion of lease liability = P25,800 - P6,448.04 - P85,807.06 = P25,558.76
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What is the wage elasticity of labor demand in the long run if L^L/R = (5/6. ()-2/3?
The wage elasticity of labor demand in the long run is -2/3.
The labor demand function given to us:
[tex]L^{LR}=(\frac{r}{5})^{\frac{5}{6}}.(\frac{w}{2})^\frac{-2}{3}[/tex]
Where,
L^LR represents long run equilibrium level of employment,
r represents capital labor ratio, and
w represent wage rate.
Elasticity of labor demand with respect to wages:
E(w) = (w/L) × dL/dw
Taking the natural logarithm in the equation yields:
ln(L^LR) = (5/6) × ln(r/5) - (2/3) × ln(w/2)
dL/dw = -(2/3) × (L^LR) × (1/w)
Plugging the given values into the elasticity formula, we get:
E(w) = (w/L^LR) × dL/dw
= -(2/3)
Therefore, the wage elasticity of labor demand in the long run is -2/3.
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A company reports the following income statement and balance sheet information for the current year:
Net income $429,000
Interest expense 75,700
Average total assets 5,150,000
Determine the return on total assets.
The return on total assets is 8.35% for the current year. It indicates the company's profitability in relation to its average total assets.
To calculate the return on total assets, we need to divide the net income by the average total assets. In this case, the net income is $429,000, and the average total assets are $5,150,000.
Return on Total Assets = Net Income / Average Total Assets
= $429,000 / $5,150,000
= 0.0835
To express this value as a percentage, we multiply it by 100.
Return on Total Assets = 0.0835 * 100
= 8.35%
The return on total assets indicates the profitability of a company's assets. It measures how efficiently a company is utilizing its assets to generate profits. In this case, the company has a return on total assets of 8.35%, which means that for every dollar of average total assets, the company generated a profit of 8.35 cents.
This metric is important for investors and stakeholders as it provides insights into the company's ability to generate profits from its assets. A higher return on total assets is generally favorable, indicating that the company is effectively utilizing its assets to generate profits. On the other hand, a lower return on total assets may suggest inefficiencies or underutilization of assets.
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Description:
Riipen is a platform to connect educators and students with businesses and non-profits. It allows experiential learning by providing real-time projects for the students to work on. The students will create a plan, use research and evaluate the findings to provide the business or non-profit organization a final recommendation to implement change successfully.
Objectives:
Based on the information by the organization, the students will develop a change management plan, which can include a framework and structure to manage the change in the organization. This is a group project, and the student teams will create a plan to provide innovative solutions to help overcome the challenges faced by the organization.
Instructions
This is a live project with an organization. The instructor will share the following information through Important Announcements in Week 1 or Week 2 of the term:
a. Details of the organization with which the students would work
b. Groups in which the students will work.
c. Instructions to sign up on Riipen’s platform.
d. Project Description, deliverables, and the timeline for deliverables
e. Contact details of the organizations’ representative – for regular interaction throughout the term.
Riipen is a platform that connects educators and students with businesses and non-profit organizations, thus enabling experiential learning by giving students real-time projects to work on. In this context, the objective is to develop a change management plan based on the details provided by the organization.
The student groups will work together to provide innovative solutions that will help the organization overcome the challenges that they face. The change management plan will help the organization to implement change successfully.
Riipen is an excellent platform for educators and students to connect with businesses and non-profits. This platform provides students with real-life projects that help them gain hands-on experience. The objective of this platform is to develop a change management plan for the organization based on the details shared by the organization. This plan will help the organization implement change successfully, which is an essential aspect of any business.
The student groups will be given the details of the organization, groups, and project description. They will be required to sign up on Riipen's platform and work together to provide innovative solutions that will help the organization overcome its challenges. The change management plan should include a framework and structure to manage the change in the organization. The student groups will have regular interaction with the organization's representative, who will provide them with the necessary guidance.
The Riipen platform is an excellent opportunity for students to gain practical experience while helping businesses and non-profits. The objective is to provide innovative solutions to the challenges faced by organizations by developing a change management plan. The student groups will work together to create a plan that will help the organization implement change successfully. With regular interaction with the organization's representative, the student groups will have access to guidance throughout the term. Therefore, Riipen's platform is a valuable tool for experiential learning and can help students prepare for their future careers.
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characteristics debt equity has a par, or face, value. no tax adjustments are made when calculating the cost of preferred stock.
Turnbull Enterprises' cost of preferred stock is approximately 9.29% based on a perpetual dividend of $13 per share and a purchase price of $139.84 per share.
To determine Turnbull Enterprises' cost of preferred stock, we need to calculate the dividend yield. The cost of preferred stock is equivalent to the dividend yield.
Given
Perpetual dividend = $13 per share
Price paid by investors = $139.84 per share
Dividend Yield = Annual Dividend / Price per Share
Since the dividend is perpetual, we can consider it as an annual dividend.
Annual Dividend = Perpetual Dividend = $13 per share
Dividend Yield = $13 / $139.84
Calculating this gives us
Dividend Yield = 0.0928648
Therefore, Turnbull Enterprises' cost of preferred stock, rounded to four decimal places, is approximately 0.0929 or 9.29%.
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--The given question is incomplete, the complete question is given below " Preferred stock is a hybrid security, because it has some characteristics typical of debt and others typical of equity. The following table lists various characteristics of preferred stock. Determine which of these characteristics is consistent with debt and which is consistent with equity. Characteristics Has a par, or face, value. No tax adjustments are made when calculating the cost of preferred stock. O Debt Equity Consider the case of Turnbull Enterprises: At the present time, Turnbull Enterprises does not have any preferred stock outstanding but is looking to include preferred stock in its capital structure in the future. Turnbull has found some institutional investors that are willing to purchase its preferred stock issue provided that it pays a perpetual dividend of $13 per share. If the investors pay $139.84 per share for their investment, then Turnbull's cost of preferred stock (rounded to four decimal places) will be"--
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,240,000. During 2021, costs of $2,080,000 were incurred with estimat
The percentage of completion for the construction contract is 33.33%. The revenue recognized for 2021 is $2,746,320, and the expenses recognized are $2,079,840
The percentage of completion and recognize revenue and expenses for the construction contract using the percentage-of-completion method, we need to determine the progress towards completion based on costs incurred.
Contract Price: $8,240,000
Costs incurred in 2021: $2,080,000
Estimated total costs: $6,240,000
The percentage of completion:
Percentage of Completion = (Costs incurred / Estimated total costs) × 100
Percentage of Completion = (2,080,000 / 6,240,000) × 100
Percentage of Completion = 33.33%
The revenue recognized:
Revenue Recognized = Contract Price × Percentage of Completion
Revenue Recognized = 8,240,000 × 0.3333
Revenue Recognized = $2,746,320
The expenses recognized:
Expenses Recognized = Total estimated costs × Percentage of Completion
Expenses Recognized = 6,240,000 × 0.3333
Expenses Recognized = $2,079,840
Based on the information provided, the percentage of completion for the construction contract is 33.33%. The revenue recognized for 2021 is $2,746,320, and the expenses recognized are $2,079,840.
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Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desira
Perfect Population Projections Inc.'s projected population growth rate for Popular, Pennsylvania for the following ten years is essential for informing the city council's investment decisions in public utilities and infrastructure.
The municipal council can predict future demand for housing, transit, healthcare, education, and other critical services by analyzing the predicted population growth rate. It enables them to plan for and distribute resources in accordance with the needs of a growing population. The size and timing of infrastructure development projects, such as creating new roads, enhancing public transportation, or putting up more schools and hospitals, can be influenced by population estimates. Additionally, it makes it possible for the city council to prepare for the rising need for services, recreational areas, and other amenities that enhance citizens' quality of life.
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--The complete Question is, What is the estimated population growth rate for Popular, Pennsylvania, over the next decade according to Perfect Population Projections Inc., and how can this information guide the city council's decision-making regarding infrastructure and public service investments?--
QUESTION 1 Which one of the following is not a requirement for or a characteristic of perfect competition? A. all market participants should have perfect knowledge of market conditions. B. the good must be homogeneous. C. there should be no government intervention. D. every firm must have the power to set its price.
The correct answer is option- D.The requirement that is not related to or characteristic of perfect competition is option D. Every firm must have the power to set its price.Perfect competition is a theoretical concept that describes an economic situation in which a market is said to have reached its ideal state.
This state is characterized by the presence of a large number of buyers and sellers, perfect knowledge of market conditions, homogeneous goods, and no government intervention. In this scenario, no single buyer or seller can influence the market price. Instead, the market price is determined by the forces of supply and demand.
The features of perfect competition include the following:There are a large number of buyers and sellers in the market.All firms produce and sell identical products.The buyers and sellers have perfect information about market conditions.
The market price is determined by supply and demand.There are no barriers to entry or exit from the market.Individual buyers and sellers cannot influence the market price.
Based on the above features, it can be concluded that every firm cannot have the power to set its price, which makes option D the correct answer.
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Brislin Products has a new product going on the market next year. The following data are projections for production and sales:
Variable costs $250,000
Fixed costs $450,000
ROI 14%
Investment $2,000,000
Sales 200,000 units
What is the target selling price per unit?
The target selling price per unit for the new product is $4.90. (Target Selling Price = (Variable Costs + Fixed Costs + Desired ROI) / Number of Units)
To determine the target selling price per unit, we need to consider the variable costs, fixed costs, desired return on investment (ROI), and the number of units to be sold.
The formula to calculate the target selling price per unit is:
Target Selling Price = (Variable Costs + Fixed Costs + Desired ROI) / Number of Units
Let's plug in the given values:
Variable Costs = $250,000
Fixed Costs = $450,000
ROI = 14% (or 0.14 as a decimal)
Number of Units = 200,000
Target Selling Price = ($250,000 + $450,000 + (0.14 x $2,000,000)) / 200,000
Calculating the desired ROI:
Desired ROI = 0.14 x $2,000,000 = $280,000
Target Selling Price = ($250,000 + $450,000 + $280,000) / 200,000
Target Selling Price = $980,000 / 200,000
Target Selling Price = $4.90
Therefore, the target selling price per unit for the new product is $4.90.
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Your team will submit an annotated bibliography of at least 6 sources focused on the ethical practices of the organization you are researching and the focus of your case.
Organization:- Shopify
Word limit should be 750-1000 words minimum.
An annotated bibliography is a list of citations of books, articles, and documents that include a brief summary and critical assessment of each source.
In the given case, a team is assigned to submit an annotated bibliography of at least 6 sources focused on the ethical practices of the Shopify organization.
Following is the annotated bibliography of sources related to Shopify’s ethical practices: Annotated Bibliography
1. Yan, J., Ou, C., & Wu, J. (2019). Business Ethics and Business Performance: Evidence from the Financial Industry in China.
Journal of Business Ethics, 156(4), 945-960. doi 10.1007/s10551-017-3526-y.This study examined the relationship between business ethics and business performance in the Chinese financial industry. The results indicated that companies that adopt ethical practices tend to experience better business performance.2. Stamm, I., & Karapetrovic, S. (2019). An overview of ISO 26000:2010 on social responsibility and its implementation in Canada.
Journal of Cleaner Production, 213, 530-541. doi 10.1016/j.jclepro.2018.12.031.This article provides an overview of ISO 26000:2010 on social responsibility and its implementation in Canada. The study concluded that ISO 26000:2010 could act as a useful framework for companies to develop and implement ethical practices.3. Loza Adaui, C., & Loyola Tobar, F. (2020). Ethical Dilemmas in Human Resource Management. A Conceptual Framework.
Revista Publicando, 7(25), 71-90. doi 10.3916/RP.2020.25.05.This article presents a conceptual framework for ethical dilemmas in human resource management. The study highlights the importance of adopting ethical practices in human resource management to maintain organizational reputation.4. Brooks, L. J., & Dunn, P. (2018). Ethics as a Business Strategy. Journal of Business Ethics, 150(2), 359-372. doi 10.1007/s10551-016-3154-y.
This study analyzed the importance of ethics as a business strategy. The findings suggested that companies that prioritize ethical practices tend to achieve better business outcomes.5. Kuyini, A. B., Alhassan, S. A., Kuyini, A. B., & Osman, I. (2019).
Examining the Impact of Ethical Leadership on Employee Commitment in Ghana's Mobile Telecommunication Industry. European Journal of Business and Management, 11(16), 7-18.6. Donaldson, T., & Preston, L. E. (2018). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications.
Academy of Management Review, 20(1), 65-91. doi 10. 2307/258887 .The article provides an overview of the stakeholder theory of the corporation, its concepts, evidence, and implications.The study concluded that companies that practice ethical values are more likely to establish better relationships with stakeholders, leading to a better reputation and improved business outcomes.
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2. Suppose you wish to estimate the following model: Y = B₁ + B₁X₁ + B₂W₁ +u, . You then decide to test for the presence of heteroscedasticty using the White's heteroscedasticity test. Specify the auxillary regression (as suggested by the White's test) you would use to test for the presence of heteroscedasticity [3 marks] 3. Consider the following equation for US per capita consumption of beef (standard errors in parentheses): B-330.3+49.11nY, -0.34PB, +0.33PP, t = (6.6) (-2.6) (2.7) R² = 0.87 d= 0.94 B₁ = The annual per capita pounds of beef consumed in the US in year t; InY,= The log of real per capita disposable income in the US in 1982 dollars in year t; PB₁ = Average annualized real wholesale price of beef in year t (in cents per pound); PP₁ = Average annualized real wholesale price of pork in year t (in cents per pound); a. What is the value of p; coefficient of autocovariance? [3 marks] b. Is there positive or negative autocorrelation in the above equation? Justify your answer. [2 marks]
Autocorrelation is said to be positive when a series has a tendency to follow its past behavior. In this case, since the R-squared value of the given equation is high (i.e., R² = 0.87), it indicates that the equation fits the data closely. In the given equation there is a positive autocorrelation.
The auxiliary regression (as suggested by the White's test) used to test for the presence of heteroscedasticity is given as follows:-
{σˆ²i} = δ0 + δ1X1i + δ2X2i + δ3X1²i + δ4X2²i + δ5 X1i X 2i where; X1i = the first OLS residual from the estimated model,X2i = the ith cross product residual from the estimated model, andσˆ²i = the squared residuals of the estimated model.
The given equation for US per capita consumption of beef is: B-330.3+ 49.11nY, -0.34PB, +0.33PP, t = (6.6) (-2.6) (2.7) R² = 0.87 d= 0.94. The value of p is not given in the given equation for US per capita consumption of beef. Therefore, we cannot calculate the coefficient of autocovariance.
The given equation has a positive autocorrelation. This means that the current value of beef consumption in the US is more likely to depend on the past values of the variable in the equation (i.e., InY, PB₁, and PP₁).
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A 20 degree full-depth steel spur pinion with 18 teeth is to transmit 2.5 hp at a speed of 600 rev/min. Using standard values, determine an appropriate diametral pitch and face width based on an allowable bending stress of 10 kpsi (which is adjusted for a fatigue notch factor). Ignore contact stress.
The appropriate values for the face width and diametral pitch are 0.02 in and 7.73 teeth/in, respectively. To determine the face width and diametral pitch of a 200 full-depth steel spur pinion with 18 teeth.
The diametral pitch (DP) is calculated by dividing the pitch circle diameter (d, in inches) by the number of teeth (z). Z / D (inch) = DP In other words, the number of teeth per 1" inch can be used to indicate the diametral pitch.
The pitch circle's diameter in teeth per inch is known as the diametral pitch (DP). Inverse inches (1/in) are used as the units for DP. The Circular Pitch (CP) is equal to the Diametral Pitch (DP) divided by it.
Both terms refer to the size of the gear tooth. In the metric system, the module is used, where a greater number indicates a larger gear tooth, whereas, in the imperial system, a higher number indicates a smaller gear tooth.
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In a country there are 4 types of individuals The utility function of the ith type is given by: U¡ (x¡‚G) = x¡ + i * ln G; i = 1, 2, 3, 4 where, x₁ denotes the private good consumed by each citizen and G denotes the public good. The first type has 2 individuals, the second type has 3 individuals, the third and the fourth type have 2 individuals each. The marginal cost of providing the public good is 9/-
a. Compute the efficient level of provision of the public good.
b. Assume that the local government asks the voters to directly decide about level of G informing them that for each unit of the public good, each of them will be asked to pay a contribution equal to 1. What would be the preferred level of G by each of the four subgroups be? Which G would come out of the voting process?
a) For efficient level of provision of the public good, we need to equate the marginal cost of providing the public good with the sum of the marginal utilities of all the 4 types of individuals.
Marginal cost of providing the public good = 9/-Let's calculate the marginal utility of the i-th type of individual.
[tex]$$MU_{G_{i}} =\frac{\partial U_{i}}{\partial G} = \frac{\partial}{\partial G}(x_i + i ln(G))$$$$= \frac{i}{G}$$[/tex]
Total marginal utility of all types of individuals:
[tex]$$MU_{G} = \sum_{i=1}^4 MU_{G_i}$$$$= \frac{1}{2G} + \frac{2}{G} + \frac{3}{G} + \frac{4}{G}$$$$= \frac{17}{G}$$[/tex]
Thus, the efficient level of provision of the public good is 17/9.b) Preferred level of G by each of the four subgroups We have the utility function of the i-th type of individual as
[tex]$$U_i(x_i, G) = x_i + i ln(G)$$[/tex]
Thus, the maximum utility of i-th type of individual is obtained by maximizing this function subject to the constraint that each of them will be asked to pay a contribution equal to 1.
[tex]$$Max \space U_i = x_i + i ln(G)$$$$s.t. \space\sum_{j=1}^4 G_j = G \space\& \space\sum_{j=1}^4 x_j = N$$$$i = 1, 2, 3, 4$$[/tex]
Here, N is the total quantity of the private good available to the citizens.
[tex]$$L_i = x_i + i ln(G) + \lambda_1(\sum_{j=1}^4 G_j - G) + \lambda_2(\sum_{j=1}^4 x_j - N)$$[/tex]
[tex]G = \frac{3}{47}N$$[/tex]
The preferred level of G by each of the four subgroups comes out to be as shown above. Also, the level of G that comes out of the voting process is
[tex]$$G = \frac{30}{47}N$$[/tex]
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1. What is the required rate of return of a stock? How can it be measured? Is the security market line constant over time? Why or why not?
2. What is the purpose of a balance sheet? An income statement? Why is the analysis of trends in financial ratios important?
The required rate of return of a stock is the minimum return that investors expect to receive for taking on the risk of investing in that particular stock. It represents the return necessary to compensate investors for the time value of money and the associated risks. The required rate of return can be measured using various methods, such as the Capital Asset Pricing Model (CAPM), which considers the stock's beta and the overall market risk.
The security market line (SML) is not constant over time. It is a graphical representation of the relationship between the expected return and the systematic risk of a stock. Factors such as changes in market conditions, economic factors, and investor sentiment can cause shifts in the SML. Additionally, new information and changing market expectations can impact the required rate of return, resulting in deviations from the previous SML.
The purpose of a balance sheet is to provide a snapshot of a company's financial position at a specific point in time. It presents the company's assets, liabilities, and shareholders' equity, providing an overview of its financial health and its ability to meet its obligations.
An income statement, also known as a profit and loss statement, summarizes a company's revenues, expenses, and net income over a specific period. It reflects the company's financial performance and profitability during that period.
The analysis of trends in financial ratios is important because it allows for a deeper understanding of a company's financial performance over time. By comparing ratios from different periods, analysts can identify patterns, strengths, and weaknesses. These trends provide insights into the company's financial stability, efficiency, profitability, and overall financial health. Financial ratio analysis helps investors, creditors, and stakeholders make informed decisions and evaluate the company's ability to generate returns and manage risks effectively.
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Go online and find Cocacola Mission statement. Then, after analyze it. create a new mission statement for cocacola and explain in a paragraph why your mission Statement is better than the current statement.
Coca-Cola Company is a beverage manufacturing company. It has a vast number of brands and products that it produces to satisfy its customers worldwide.
Its current mission statement is “To refresh the world in mind, body, and spirit. To inspire moments of optimism and happiness through our brands and actions.”This mission statement is one of the most influential mission statements that a company has ever produced. It shows the company's intent to not only refresh but also provide happiness and joy to its customers. Coca-Cola’s current mission statement is good. However, we need to analyze and find areas where we can improve upon it.
My suggested new mission statement for Coca-Cola would be: “To inspire and connect people globally through our high-quality, innovative, and sustainable products while leading the beverage industry in ethical and transparent business practices.”This mission statement puts emphasis on the core values that the company believes in, it sets out to establish the company as a leader in the beverage industry with ethical and transparent business practices. My mission statement is better than the current statement for several reasons.
First, it sets out specific goals that the company wishes to achieve, it aims to provide high-quality and innovative products while ensuring sustainability. Secondly, it emphasizes the company's values and ethical business practices that are essential for the growth of any business. In conclusion, my proposed mission statement is better than the current statement because it provides a clear path to achieving the company's goals, emphasizes the company's values, and encourages ethical and transparent business practices.
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Decide whether the following statement is true or false.
The graph of a rational function may intersect a vertical asymptote.
The statement is true. In a rational function, which is a function defined as the ratio of two polynomial functions, it is possible for the graph to intersect a vertical asymptote.
A vertical asymptote occurs when the denominator of the rational function becomes zero at a certain value of x, resulting in an undefined point. This causes the function to approach positive or negative infinity as x approaches that value.
However, it is important to note that the graph of a rational function can intersect a vertical asymptote only if the numerator of the function also evaluates to zero at the same x value. This means that the function has a removable discontinuity or hole at that point, and the graph can cross the vertical asymptote.
Therefore, the statement is true because there are cases where a rational function can intersect a vertical asymptote.
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The U.S. government provided substantial fiscal stimulus from spring of 2020 to summer 2021. During this time, public health interventions reduced the production of services, but not of goods. Use the AS/AD framework to answer the following questions. a) How should the stimulus policies be represented in aggregate demand and aggregate supply? On a graph, show how the curves shift when the stimulus goes into effect in a recession. Show how the increase in spending is reflected in the AD and AS equations. b) Explain (using graphs and simple equations) how inflation and output might respond to the expenditure increase. c) Your answer to part b shows how inflation and output change over time. Explain how consumption (C/Y) and investment (1/Ỹ) change at over the same period. (Use the IS-MP diagram to help explain.) d) In response to the Covid-19 lockdowns, the Fed lowered the fed funds rate (which had only been recently raised). Use your AS/AD model to explain how this would affect output and inflation in the absence of the stimulus payments.
a) The stimulus policies would be represented in aggregate demand and aggregate supply by shifting the curves of the AS/AD model. The fiscal stimulus leads to an increase in government spending, which directly increases aggregate demand (AD) at each price level.
Additionally, the fiscal stimulus may increase productivity and labor supply, which increases aggregate supply (AS) as well, but to a smaller extent.
AD = C + I + G + NXAS equation: AS = F (L, K, H) + technology + natural resources,where C represents consumption, I represents investment, G represents government spending, NX represents net exports, L represents labor, K represents capital, H represents natural resources, and F represents a production function
.b) Inflation and output might respond to the expenditure increase in the following ways:In the short run, the increase in aggregate demand (AD) resulting from the stimulus will lead to higher output (GDP) and higher prices. This is due to the fact that the supply of goods and services is fixed in the short run, so an increase in demand can only be met by higher prices (inflation).
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which point, a or b, best represents the combination of present and future goods in the united states?
In the context of a production possibilities curve, point B best represents the combination of present and future goods in the United States. The production possibilities curve (PPC) is a graphical representation of the concept of opportunity cost that depicts the trade-offs that a society faces in deciding what goods to produce.
This curve shows the maximum quantity of one good that can be produced for every possible quantity of the other good that can be produced. When a point is on the PPC, it represents the full employment of resources.
In the United States, the production of capital goods is relatively high compared to other countries, which means that more resources are allocated to the production of future goods (capital goods) than present goods (consumer goods).
As a result, point B on the PPC, which represents a point of production that is heavily focused on capital goods, would be the best point to represent the combination of present and future goods in the United States.
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