g If it is difficult to substitute for a good in the short run, but easy in the long run, then _____ . Group of answer choices the elasticity of demand is more elastic in the short un elasticity changes along the demand curve the elasticity of demand is more elastic in the long run the good is an inferior good

Answer:

the beta be for the other stock in your portfolio is 1.73

Explanation:

The computation of the beta be for the other stock in your portfolio is shown below:

Given that

risk free asset contains the beta of 0

And,  

market beta = 1

Now  

1 = 1 ÷ 3 × 0 + 1 ÷ 3 × 1.27 + 1 ÷ 3 × beta

The beta of other stock = 1.73

hence, the beta be for the other stock in your portfolio is 1.73

Here we assume that one-third should be invested in all 3 things each

Answer:

c

Explanation:

As a result of an increase in efficiency in production, there would be an increase in supply. As a result, there would be an outward shift of the supply curve. When the supply curve shifts outward, supply increases and prices of drugs fall.

On the other hand, if there is an inward shift of the supply curve, the supply of drugs would fall and the price of drugs would increase

Please check the attached image showing a graph of a decrease in supply

Answer:

$27.63 million

Explanation:

Total equity = Common stock + Retained earnings

Common stock = Total equity - Retained earnings

Common stock = (Total assets - Total liabilities) - Retained earnings

Common stock = ($165.097 million - $102.335 million) - $35.132 million

Common stock = $62.762 million - $35.132 million

Common stock = $27.63 million

Answer:

The manager should hire more labor and rent less capital.

Explanation:

Given:

MPL = Marginal product of labor units per hour = 5

MPC = marginal product of capital units per machine = 40

PL = Wage per hour = $20, or 20

PC = Rental price of capital per machine = $120, or120

Po = Price of output per unit = $5

The condition for the profit maximization for a firm is as follows:

MPL / PL = MPC / PC ……………………………. (1)

From equation (1), we have:

MPL / PL = 5 / 20 = 0.25

MPC / PC = 40 / 120 = 0.33

Since 0.25 = MPL / PL < MPC / PC = 0.33, it implies that these conditions are NOT consistent with equation (1).

In order to maximize profit, more labor should be hired while less capital should be rented until these conditions are consistent with equation (1).

Therefore, we have:

To maximize profit, the manager should hire more labor and rent less capital.

Answer:

Net income under variable costing $80,000

Explanation:

The computation of the net income using direct/variable costing is shown below:

Net income under absorption costing $60,000

Add fixed cost under applied $20,000

Net income under variable costing $80,000

Working

Beginning inventory 13000

Less ending inventory -8000

Decrease in inventory 5000

Now under applied inventory $20,000

Answer:

$350

Explanation:

Call option is profitable when Stock price expires above the Strike price of the option.

Strike price of call = $60

Stock price at expiration = $66

Total profit = Size*(Stock price-Strike price) - Premium paid

Total profit = 100*($66-$60) - $250

Total profit = 100*$6 - $250

Total profit = $600 - $250

Total profit = $350

Thus, the amount of profit (ignoring brokerage fees) is $350.

Answer:

a. $153.71

Explanation:

First, calculate the yearly dividend

First-year dividend = $2.80 x ( 1 + 21% ) = $3.388

Second-year dividend = $3.388 x ( 1 + 21% ) = $4.099

Third-year dividend = $4.099 x ( 1 + 21% ) = $4.960

Fourth-year dividend = $4.960 x ( 1 + 21% ) = $6.002

Now calculate hte terminal value of the dividend payment after 4 years

Terminal value = Fourth year dividend x ( 1 + Growth rate after year 4 ) / ( Required rate of return - Growth rate after year 4 ) = $6.002 x ( 1 + 5% ) / ( 8.30% - 5% ) = $190.97

Now use the following fromula to calcula the value of the bond

Value of the bond = ( First-year dividend / ( 1 + Required rate of return )^1 ) + ( Second-year dividend / ( 1 + Required rate of return )^2 ) + ( Third-year dividend / ( 1 + Required rate of return )^3 ) + ( Fourth-year dividend / ( 1 + Required rate of return )^4 ) + ( Terminal Value / ( 1 + Required rate of return )^4 )

Value of the bond = ( $3.388 / ( 1 + 8.3% )^1 ) + ( $4.099 / ( 1 + 8.3% )^2 ) + ( $4.960 / ( 1 + 8.3% )^3 ) + ( $6.002 / ( 1 + 8.3% )^4 ) + ( $190.97 / ( 1 + 8.3% )^4 )

Value of the bond = $3.128 + $3.495 + $3.905 + $4.363 + $138.820

Value of the bond = $153.711

Value of the bond = $153.71

Answer:

Telecom Stock

If the price of the Telecom stock goes up by 9% during the next year, your rate of return will be:

= 10.4%

Explanation:

a) Data and Calculations:

Current market price = $62 per share

Investment in stock = $12,400

Margin account =        $6,200

Loan =                         $6,200 ($12,400 - $6,200)

Units of stock bought on margin = 200 ($12,400/$62)

Margin account interest rate = 7.6%

Growth rate of stock price = 9%

Expected market price of the stock = $67.58 ($62 * 1.09)

Expected value of stock = $13,516 (200 * $67.58)

Interest on loan =                  $471.20 ($6,200 * 7.6%)

Principal & loan amount  $12,400

Return on the stock =          $644.80

Rate of return = 10.4% ($644.80/$6,200 * 100)

Answer:

Explanation:

There are various ways in which professional, responsible, ethical and

effective business practice should be conducted. Five of them are:

1. Payment of fair wages and salaries to employees

2. Equal treatment among workers

3. Accountability and responsibility on business decisions made from top to bottom or managers to workers

4. Provision of quality goods and services to the masses

5. Transparency, including adequate internal controls, monitoring, and evaluation.

Answer:

developing the economy

Answer:

the amount of net income during the year is $9.3 million

Explanation:

The computation of the net income is shown below:

= Increased in the retained earnings + dividend declared

= $6.9 million + $2.4 million

= $9.3 million

Hence, the amount of net income during the year is $9.3 million

The same should be considered and relevant

Answer:

Over-applied Overhead  $134,000

Explanation:

The computation of the overhead applied or under applied overhead is given below:

Depreciation $233,000  

Property tax $21,000  

indirect labor $80,000  

Supervisory salaries $202,000  

utilities    $58,000  

Insurance  $32,000  

Rental of space $301,000  

Indirect material $79,000  

Total OH incurred   $1,006,000  

OH applied       $1,140,000  

(80000 hours at 14.25 per hour) ($997,500 ÷ 70,000)  

Over-applied Overhead  $134,000

Answer:

D

Explanation:

post hoc ergo propter hoc fallacy is a Latin word which means - after this, therefore because of this.

It is an example of a fallacy where if an event B occurs after an event A. So, people associate the occurrence of event B with A.

In this question, a person believes that because he watched his favourite movie (event A), he won the lottery (event B). He has come to associate watching his favourite movie as a prerequisite with winning the lottery. this is not necessarily true

Answer:

Dr Real property taxes $548,423,468

Dr Sales tax $517,559,000

Dr Federal and state aid $433,229,570

Dr Departmental income $151,405,650

Dr Other revenues $159,394,093

Dr Budgetary fund balance $15,000,000

Cr General government and support $49,275,122

Cr Home and community services $614,816,681

Cr Health services $149,224,687

Cr Education $29,833,371

Cr Public safety, corrections, courts $223,582,214

Cr Roads, transportation, parks facilities $217,729,956

Cr Miscellaneous and fixed $540,549,750

Explanation:

Preparation of the journal entry to record the budget

Dr Real property taxes $548,423,468

Dr Sales tax $517,559,000

Dr Federal and state aid $433,229,570

Dr Departmental income $151,405,650

Dr Other revenues $159,394,093

Dr Budgetary fund balance $15,000,000

Cr General government and support $49,275,122

Cr Home and community services $614,816,681

Cr Health services $149,224,687

Cr Education $29,833,371

Cr Public safety, corrections, courts $223,582,214

Cr Roads, transportation, parks facilities $217,729,956

Cr Miscellaneous and fixed $540,549,750

(To record budget)

Step 1: Ask the Customer to Submit a Credit Application.

Step 2: Check Business Credit Rating.

Step 3: Set Credit Limit and Repayment Terms.

Answer:

1. Credit Application from Your Customer. Your credit application doesn’t need to be complicated, but …

2. Bank and Trade References. Checking bank and trade references is a very common practice, and …

3. Check Business Credit Using Credit Bureaus. There are a number of commercial credit bureaus that …

Explanation:

Answer and Explanation:

Gain trust: Business relationship is sealed with trust. If you are able to make a business partner trust you, you are sure to keep doing business with them. Do not try to take advantage of them and be sure they ate not thinking in that direction.

Show interest in people: keeping up with people and always showing that you actually care, and want to assist in any way you can is a sure way to seal a client for life. Be family.

Work hard: you can not build business relationships if you are not a person that delivers. It doesn't matter if you are a nice person that always cares, if you cannot bring results and be trusted to deliver you cannot have any useful business relationship. This is the most important strategy.

Networking: networking is a popular form of building business relationships. Formal occasions, conferences, informal hangout spots, the gym are all places where you can meet new people and start a business relationship.

Answer:

a. $0 will be reported as capital gain, while $7,500 will be reported as ordinary gain.

b. $1,000 will be reported as capital gain, while $8,000 will be reported as ordinary gain.

Explanation:

Note: This question is not complete as part 'a' of the requirement is omitted. The complete question with the part 'a' of the requirement is therefore provided before answering the question as follows:

Since its formation, Roof Corporation has incurred the following net Section 1231 gains and losses.

Year 1  $ (12,000)    Net Section 1231 loss

Year 2      10,500      Net Section 1231 gain

Year 3    (14,000)     Net Section 1231 loss

a. In year 4, Roof sold one asset and recognized a $7,500 net Section 1231 gain. How much of this gain is treated as capital, and how much is ordinary?

b. In year 5, Roof sold one asset and recognized a $9,000 net Section 1231 gain. How much of this gain is treated as capital, and how much is ordinary?

Explanation of the answer is now provided as follows:

When section 1231 losses exceed section 1231 profits in the prior five years, the excess loss (unapplied loss) is applied against the current year's section 1231 gain.

The amount that is reported as ordinary income is the amount of the loss that is applied against the current year's section 1231 gain.

Long-term capital gain is the excess of the current year's section 1231 gain over the the recaptured section 1231 loss from the prior five years.

You have to start with the earliest year to apply section 1231 losses from the previous five years to the current year's section 1231 gain.

Therefore, we have:

a. In year 4, Roof sold one asset and recognized a $7,500 net Section 1231 gain. How much of this gain is treated as capital, and how much is ordinary?

As a result of the loss from the previous year that is applied to the extent of $7,500, the whole of the $7,500 net Section 1231 gain will be recorded as ordinary gain.

Therefore, $0 will be reported as capital gain, while $7,500 will be reported as ordinary gain.

b. In year 5, Roof sold one asset and recognized a $9,000 net Section 1231 gain. How much of this gain is treated as capital, and how much is ordinary?

Unapplied losses in previous years can be calculated as follows:

Details                                                       Amount ($)  

Net Section 1231 loss in Year 3                  (14,000)    

Net Section 1231 gain in Year 4                   7,500

Net Section 1231 loss in Year 1                  (12,000)

Net Section 1231 gain in Year 2                 10,500  

Unapplied losses in previous years        (8,000)  

Because there are unapplied losses of $8,000 from previous years, $8,000 will be reported as ordinary gain.

Therefore, the amount to be reported as capital gain can be calculated as follows:

Amount to be reported as capital gain = Gain in Year 5 – Amount to be reported as ordinary gain = $9,000 - $8,000 = $1,000

Therefore, $1,000 will be reported as capital gain, while $8,000 will be reported as ordinary gain.

Answer: d.) manage assets in a way that maximizes returns

Explanation:

Finance refers to the activities which are associated with debt, credit, investment, banking, capital markets, etc.

Finance has to do with the management of money and the acquisition of needed funds. The primary purpose of finance is to manage assets in a way that maximizes returns.

Answer:

$13.80

Explanation:

Calculation to determine the offering price

Using this formula

Offering Price = NAV/1-load

Let plug in the formula

Offering Price = $12.70/1-0.08

Offering Price =$12.70/0.92

Offering Price = $13.80

Therefore the offering price is $13.80

Answer and Explanation:

The computation of the present value in each situation is as follows:

As we know that

Present value = Future value ÷ (1 + rate of interest)^time period

When the rate is 3.5%, the present value is

= $15,000 ÷ (1 + 3.5%)^5

= $12,630

When the rate is 7.5%, the present value is

= $15,000 ÷ (1 + 7.5%)^5

= $10,448.38

And, When the rate is 11.5%, the present value is

= $15,000 ÷ (1 + 11.5%)^5

= $8,703.96

Answer:

14865.93

Explanation:

Calculation to Estimate the present value of the tax benefits from depreciation.

First step is to calculate the Annual depreciation expense

Annual depreciation expense = [100000 - 5000]/10

Annual depreciation expense = 9500

Second step is to calculate the Tax benefit

Tax benefit = 9500(.30)

Tax benefit = 2850

Now let calculate the PV of tax benefit

Using financial calculator

PMT = 2850

FV = 0

N = 10

i = 14

PV=?

Hence

PV = 14865.93

Therefore the present value of the tax benefits from depreciation is 14865.93

Answer:

work rules.

Explanation:

In the United States of America, the American Federation of Labor (AFL) was established by union members as an association or umbrella body for trade unions on the 8th of December, 1886 in Columbus, Ohio. It was formed due to the dispute that arose with craft unions while they were still part of the Knights of labour.

Establishing work rules pertaining to apprenticeship standards, union member tasks, and which job duties union members would be required to do was one of the most important activities of the AFL.

Answer:

Total budget = $500,000

Down payment = $100,000

Loan amount = $400,000

Case 1

Annual rate = 4.5%

Number of payment = (30*12 month) 360

Loan amount = $400,000

Monthly payment = PMT(Rate, Nper, Value of loan)

Monthly payment = PMT(4.5%, 360, 400,000)

Monthly payment = $2,026.74

Case 2

Annual rate = 4%

Number of payment = (15*12 month)180

Loan amount = $400,000

Monthly payment = PMT(Rate, Nper, Value of loan)

Monthly payment = PMT(4%, 180, 400,000)

Monthly payment = $2,958.75

Answer:

b) expensed during the period

Explanation:

Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis.

Typically, process costing uses more than one Work in Process Inventory account because costing is done at each stage of the production or manufacturing process.

Generally Accepted Accounting Principles (GAAP) can be defined as the set of commonly used accounting standards in the U.S.

This ultimately implies that, the United States of America, Generally Accepted Accounting Principles (GAAP) is the accounting principles, procedures and standard issued by the Financial Accounting Standards Board (FASB) and adopted by the United States of America, Securities and Exchange Commission (SEC).

Under U.S Generally Accepted Accounting Principles (GAAP), when using process costing, non-manufacturing (administrative and selling) costs are expensed on the income statement of the company during the accounting period they were incurred.

Answer:

b) expensed during the period

Explanation:

When using process costing, nonmanufacturing costs are expensed during the period.

Answer:

a. The number of units that must be started to allow for loss due to scrap is 566 units.

b. The number of units that this would save in terms of the scrap allowance is 63 units.

c. The scrap is costing the company $1,160 per day.

Explanation:

a. If the desired daily output is 450 units, how many units must be started to allow for loss due to scrap?

Let x represent the original quantity.

Therefore, we have:

Scrap from the first step operation = 0.10x

Remaining quantity after the first step operation = Original quantity - Scrap of the first step operation = x – 0.10x = (1 – 0.10)x = 0.90x

Scrap from the second step operation = Remaining quantity after the first step operation * 0.06 = 0.90x * 0.06 = 0.054x

Remaining quantity after the second step operation = Remaining quantity after the first step operation - Scrap from the second step operation = 0.90x - 0.054x = (0.90 - 0.054)x = 0.846x

Scrap from the third step operation = Remaining quantity after the second step operation * 0.06 = 0.846x * 0.06 = 0.05076x

Remaining quantity after the third step operation = Remaining quantity after the second step operation - Scrap from the third step operation = 0.846x - 0.05076x = (0.846 - 0.05076)x = 0.79524x

Since the desired daily output is 450 units, we can solve for x as follows:

0.79524x = 450

x = 450 / 0.79524 = 565.866908103214, or 566 units

Therefore, the number of units that must be started to allow for loss due to scrap is 566 units.

b. If the scrap rate for each step could be cut in half, how many units would this save in terms of the scrap allowance?

Scrap rate of first operation is = 10%/2 = 5%, or 0.05

Scrap rate of second and third operations = 6%/2 = 3%, or 0.03 each

Let x also represent the original quantity.

Therefore, we have:

Scrap from the first step operation = 0.05x

Remaining quantity after the first step operation = Original quantity - Scrap of the first step operation = x - 0.05x = (1 – 0.05)x = 0.95x

Scrap from the second step operation = Remaining quantity after the first step operation * 0.03 = 0.95x * 0.03 = 0.0285x

Remaining quantity after the second step operation = Remaining quantity after the first step operation - Scrap from the second step operation = 0.95x - 0.0285x = (0.95 - 0.0285)x = 0.9215x

Scrap from the third step operation = Remaining quantity after the second step operation * 0.03 = 0.9215x * 0.03 = 0.027645x

Remaining quantity after the third step operation = Remaining quantity after the second step operation - Scrap from the third step operation = 0.9215x - 0.027645x = (0.9215 - 0.027645)x = 0.893855x

Since the desired daily output is 450 units, we can solve for x as follows:

0.893855x = 450

x = 450 / 0.893855 = 503.437358408243, or 503 units

Number units to save = Calculated x from part a above - Calculated x in part 2 here = 566 – 503 = 63

Therefore, the number of units that this would save in terms of the scrap allowance is 63 units.

c. If the scrap represents a cost of $10 per unit, how much is it costing the company per day for the original scrap rate?

Quantity to be introduced at the original scrap rate = Calculated x from part a above = 566

Remaining quantity after the third step operation = 450

Scrap = Quantity to be introduced at the original scrap rate - Remaining quantity after the third step operation = 566 – 450 = 166 units

Total cost of scrap = Scrap * Cost of each unit of scrap = 166 * $10 = $1,160

Therefore, the scrap is costing the company $1,160 per day.

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Answer:

a. True

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright. Thus, he or she supervises and ensures his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.

Generally, managers working in international businesses are expected to evaluate the attractiveness of a country as a market or location for a facility or investment before going ahead to the endorse and approve it for any business having long-term plan, goals and objectives in mind.

Some examples of the factors a manager should look out for in determining the attractiveness of a country includes freedom of expression, government policies, power supply, taxation, ease of doing business, climate, etc.

Answer:

The answer is "[tex]3.69\%[/tex]"

Explanation:

Dividend Share [tex]= \$3.50[/tex]

stock purchasing Price[tex]= 94.85[/tex]

[tex]\text{Dividend yield} = \frac{Dividend}{Purchase price}\\\\[/tex]

[tex]=\frac{3.50}{94.85}\\\\=0.036900369 \approx 3.69\%[/tex]

Answer:

222

Explanation:

Answer:

2.4 years

Explanation:

Years  Cash   Cumulative Cashflow

1          8000         8000

2         6000         14000

3          5000        19000

4          4000        25000

5          5000        30000

           30000

Payback period = 2 years + (16,000 - 14,000) / 5,000

Payback period = 2 years + 0.4 years

Payback period = 2.4 years