Program trading is defined as automated trading generated by computer algorithms designed to react rapidly to changes in market prices. Is it ethical for investment banking houses to operate such systems when they may generate trade activity ahead of their brokerage customers, to which they owe a fiduciary duty?Suppose that you are an employee of a printing firm that was hired to proofread proxies that contained unannounced tender offers (and unnamed targets). Should you trade on this information, and would it be considered illegal?

Answers

Answer 1

Answer:

no

Explanation:

no


Related Questions

Q2. With the help of book please elaborate What is the difference between a corporate strategy and a competitive strategy? Give three examples of each. (Words limit up to 150)

Answers

Answer and Explanation:

Competitive and corporate strategy are very important for the success and good management of a business. Competitive strategy is one that allows a company to promote elements capable of making it different from its competitors. Examples of competitive strategy are offering lower prices, higher quality products and negotiation between customers.

Corporate strategy, on the other hand, is one that allows the company to generate elements that will increase its profit and strengthen its capacity to be more competitive. Examples of this type of strategy are the acquisition of subsidiary companies, the merger of competing companies and the restructuring of the company.

The​ "Truth in Savings​ Law" requires banks to advertise their rates on investments such as CDs and savings accounts as annual percentage yields​ (APY).
a) true
b) false

Answers

I think this is true I hope this help you

The following transactions occur for the Hamilton Manufacturers. (a) Provide services to customers on account for $4,600. (b) Purchase equipment by signing a note with the bank for $10,200. (c) Pay advertising of $1,000 for the current month.

Answers

Answer:

Question wants to know how the Accounting equation is affected by these transactions.

a. Provide services to customers on account for $4,600.

Assets will increase by $4,600.

Equity will increased by $4,600

This is because, Accounts receivable will increase on account of these services being offered on account and it is an Asset account.

This transaction also brings in revenue which is an equity account so Equity will increase as well.

b. Purchase equipment by signing a note with the bank for $10,200.

Assets will increase by $10,200

Liabilities will increase by $10,200

Equipment is an asset which is why assets are increasing. This purchase was funded by a Note which is a liability so liabilities increase as well.

c.  Pay advertising of $1,000 for the current month.

Assets decrease by $1,000.

Equity decrease by $1,000.

The advertising was paid for by cash so cash (asset) will reduce as a result. Advertising is an expense and expenses reduce revenue which is in equity so Equity reduces as well.

The Taylor Rule specifies that the federal funds rate target should be equal to:_________ a) equilibrium federal funds rate + inflation rate +1 b) interest rate - expected inflation rate. c) 1.5 (inflation rate) + 0.5 (GDP gap) + 1. d) 0.5 (inflation rate) +1.5 (GDP gap) + 1

Answers

Answer:A

Explanation:The Taylor Rule specifies that the federal funds rate target should be equal to O equilibrium federal funds rate + inflation rate +1 interest rate - expected inflation rate. 1.5 (inflation rate) + 0.5 (GDP gap) + 1. 0.5 (inflation rate) +1.5 (GDP gap) + 1

Assess the implications for Alaska of specialising in seafood​

Answers

Answer:

ring db socialistukal all am cm all am so all all cm all si di cmm cm iam

The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities have the same positive interest rate.
a. An annuity that pays $1,000 at the end of each year
b. An annuity that pays $500 at the end of every six months
c. An annuity that pays $1,000 at the beginning of each year
d. An annuity that pays $500 at the beginning of every six months
An ordinary annuity selling at $7,715. 86 today promises to make equal payments at the end of each year for the next three years (N). If the annuity's appropriate interest rate (I) remains at 5. 00% during this time, what will be the value of the annual annuity payment (PMT)?
a. $4,108. 33
b. 2673.54
c. 3541.66
d. 2833.33

Answers

Answer:

1. c. An annuity that pays $1000 at the beginning of each year

2. d. 2833.33

Explanation:

1. Based on the information given 10-year annuities has the greatest PRESENT VALUE (PV) Assuming that all annuities have the same positive interest rate will be

AN ANNUITY THAT PAYS $1000 AT THE BEGINNING OF EACH YEAR

2. Calculation to determine what will be the value of the annual annuity payment (PMT).

Using finanical calculator

put in calculator -

FV 0

PV ($7,715. 86)

I 4%

N 3 years

PMT=?

Hence,

PMT=$2833.33

Therefore the value of the annual annuity payment (PMT) is $2833.33

Top Knot, Inc. is expected to pay a $2.50 per share dividend next year. The dividends are anticipated to maintain a 5% growth rate forever. If the stock currently sells for $48 per share, what is the cost of equity

Answers

Answer:

10.21

Explanation:

Dividend= 2.50

The growth rate is 5%

The current stock price is $48

Therefore the cost of equity can be calculated as follows

= 2.50/48 +5/100

= 0.0521 + 0.05

= 0.1021×100

= 10.21

Hence the cost of equity is 10.21

Conrad Company reported the following balances at June 30, 2018:
Sales Revenue $16,200
Sales Returns and Allowances 600
Sales Discounts 300
Cost of Goods Sold 7,500
Net sales for the month is:___.
a. $15,600.
b. $16,200.
c. $7,800.
d. $15,300.

Answers

Answer:

d. $15,300

Explanation:

Calculation to determine what Net sales for the month is

Using this formula

Net sales=Sales Revenue -Sales Returns and Allowances-Sales Discounts

Let plug in the formula

Net sales=$16,200-$600-$300

Net sales=$15,300

Therefore Net sales for the month is $15,300

Your company has a policy to use long-term debt to finance inventory and receivables.
A. This is a restrictive short-term financing policy
B. This policy has higher carrying cost
C. This policy has higher shortage cost
D. This policy leads to higher default risk

Answers

Answer:

D. This policy leads to higher default risk.

Explanation:

Financing a company's long term debt by its current assets is risky. Current assets are used to run day to day business operations. If the current assets fall below minimum level the working capital of the firm will decline resulting in risk to business operations continuity.

Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open up and put money into a Roth IRA in your child's name so that she can benefit from many years of compounding

Answers

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income.  This means that only a child that has earned income can have an IRA opened for him or her.  As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

Wallaby Kite Company, a small Melbourne firm that sells kites on the Web, wants a master budget for the three months beginning January 1, 2012. It desires an ending minimum cash balance of $20,000 each month. Sales are forecast at an average wholesale selling price of $8 per kite. Merchandise costs average $4 per kite. All sales are on credit, payable within 30 days, but experience has shown that 60 percent of current sales are collected in the current month, 30 percent in the next month, and 10 percent in the month thereafter. Bad debts are negligible.
In January, Wallaby Kite is beginning just-in-time (JIT) deliveries from suppliers, which means that purchases will equal expected sales. On January 1, purchases will cease until inventory decreases to $24,000, after which time purchases will equal sales. Purchases during any given month are paid in full during the following month. Monthly operating expenses are as follows:
Wages and salaries....$60,000
Insurance expired...........500
Depreciation.................1,000
Miscellaneous.............10,000
$1,000/month + 10% of quarterly sales over
Rent...........................$40,000
Cash dividends of $6,000 are to be paid quarterly, beginning January 15, and are declared on the 15th of the previous month. All operating expenses are paid as incurred, except insurance, depreciation, and rent. Rent of $1,000 is paid at the beginning of each month, and the additional 10 percent of sales is paid quarterly on the 10th of the month following the end of the quarter. The next rent settlement date is January 10.
The company plans to buy some new fixtures for $12,000 cash in March.
Money can be borrowed and repaid in multiples of $2,000. Management wants to minimize borrowing and repay rapidly. Simple interest of 10 percent per annum is computed monthly but paid when the principal is repaid. Assume that borrowing occurs at the beginning, and repayments at the end, of the months in question. Compute interest to the nearest dollar.

Answers

Answer:

ask brainly lol

Explanation:

During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $10,000. Required:

Answers

Answer:

Uncollectible amounts $12,000 debit

_____ Allowance for uncollectible amounts $12,000 credit

(Being the record of uncollectible)

Allowance for uncollectible amounts $10,000 debit

______ Accounts receivables $100,000 credit

(To record write off 2021)

Balance of the Allowance accounts:

$12,500 - 10,000 = 2,500

Allowance uncollectible amounts $15,000 debit

_____ Accounts receivables $15,000 credit

(To record write off 2022)

Explanation:

•The concluding part of the above question is record the adjusting entry for uncollectible accounts on December 31 2021

• Record write off of accounts receivables in 2022

Sales $160,000

Collection $110,000

AR $50,000

The above is multiplied by 25% unexpected uncontrollable amount : $12,500

The Allowance method will not recognize the additional uncollectible amount expense when doing a writer off. It will only do it when the company does the adjusting entry considering their rates and ageing of their accounts

On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following transactions during the month:
Oct. 1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $30,600.
Oct. 2 Paid rent on office and equipment for the month, $2,750.
Oct. 3 Purchased supplies on account, $2,350.
Oct. 4 Paid creditor on account, $890.
Oct. 5 Earned sales commissions, receiving cash, $15,800.
Oct. 6 Paid automobile expenses (including rental charge) for month, $1,600, and miscellaneous expenses, $680.
Oct. 7 Paid office salaries, $2,000.
Oct. 8 Determined that the cost of supplies used was $1,150.
Oct. 9 Paid dividends, $2,800.
Required –
1. Journalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles.
2. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance.
3. Construct an unadjusted trial balance as of October 31, 20Y6.
4. Determine the following:
a. Amount of total revenue recorded in the ledger.
b. Amount of total expenses recorded in the ledger.
c. Amount of net income for October.
5. Determine the increase or decrease in retained earnings for October.

Answers

Answer:

Affordable Realty

1. Journal Entries:

Oct. 1 Debit Cash $30,600

Credit Common Stock $30,600

To record the capital contribution of Jay Crowley.

Oct. 2 Debit Rent Expense $2,750

Credit Cash $2,750

To record the payment for monthly rent.

Oct. 3 Debit Supplies $2,350

Credit Accounts Payable $2,350

To record the purchase of supplies on account.

Oct. 4 Debit Accounts Payable $890

Credit Cash $890

To record the payment on account.

Oct. 5 Debit Cash $15,800

Credit Service Revenue $15,800

To record the receipt of sales commission for cash.

Oct. 6 Debit Automobile expenses $1,600

Debit Miscellaneous expenses, $680

Credit Cash $2,280

To record the payment of expenses.

Oct. 7 Debit Office salaries expenses $2,000

Credit Cash $2,000

To record the payment of office salaries for the month.

Oct. 8 Debit Supplies Expense $1,150

Credit Supplies $1,150

To record the supplies expenses for the month.

Oct. 9 Debit Cash Dividends, $2,800

Credit Cash $2,800

To record the payment of dividends.

2. T-accounts:

Cash

Date     Account Titles              Debit     Credit

Oct. 1   Common Stock       $30,600

Oct. 2  Rent Expense                            $2,750

Oct. 4  Accounts Payable                           890

Oct. 5  Service Revenue       15,800

Oct. 6  Automobile expenses                 1,600

Oct. 6  Miscellaneous expenses              680

Oct. 7  Office salaries expense             2,000

Oct. 9  Cash Dividends                          2,800

Oct. 31 Balance                                  $35,680

Common Stock

Date     Account Titles              Debit     Credit

Oct. 1   Cash                                          $30,600

Supplies

Date     Account Titles              Debit     Credit

Oct. 3  Accounts Payable     $2,350

Oct. 8  Supplies Expense                        $1,150

Oct. 31 Balance                                       $1,200

Accounts Payable

Date     Account Titles              Debit     Credit

Oct. 3   Supplies                                     $2,350

Oct. 4   Cash                             $890

Oct. 31  Balance                     $1,460

Service Revenue

Date     Account Titles              Debit     Credit

Oct. 5   Cash                                         $15,800

Rent Expense

Date     Account Titles              Debit     Credit

Oct. 2   Cash                           $2,750

Supplies Expense

Date     Account Titles              Debit     Credit

Oct. 8   Supplies                      $1,150

Automobile Expense

Date     Account Titles              Debit     Credit

Oct. 6   Cash                             $1,600

Miscellaneous Expense

Date     Account Titles              Debit     Credit

Oct. 6   Cash                             $680

Office Salaries Expense

Date     Account Titles              Debit     Credit

Oct. 7   Cash                         $2,000

Cash Dividends

Date     Account Titles              Debit     Credit

Oct. 9   Cash                           $2,800

3. Unadjusted Trial Balance as of October 31, 20Y6

Account Titles                  Debit       Credit

Cash                             $35,680

Supplies                            1,200

Common stock                             $30,600

Accounts payable                              1,460

Service revenue                              15,800

Rent expense                   2,750

Supplies expense              1,150

Automobile expense        1,600

Miscellaneous expense     680

Office salaries expense 2,000

Cash dividends              2,800

Total                           $47,860   $47,860

4. a. Amount of total revenue recorded in the ledger = $15,800

b. Amount of total expenses = $10,980

c. Amount of net income for October = $4,820 ($15,800 - $10,980)

5. Increase in retained earnings for October = $2,020 ($4,820 - $2,800)

Explanation:

a) Data and Analysis:

Oct. 1 Cash $30,600 Common Stock $30,600

Oct. 2 Rent Expense $2,750 Cash $2,750

Oct. 3 Supplies $2,350 Accounts Payable $2,350

Oct. 4 Accounts Payable $890 Cash $890

Oct. 5 Cash $15,800 Service Revenue $15,800

Oct. 6 Automobile expenses $1,600 Miscellaneous expenses, $680 Cash $2,280

Oct. 7 Office salaries expense, $2,000 Cash $2,000

Oct. 8 Supplies Expense $1,150 Supplies $1,150

Oct. 9 Cash Dividends, $2,800 Cash $2,800

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $34 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally:
Per Unit 21,000 Units
Per Year
Direct materials $ 14 $ 294,000
Direct labor 12 252,000
Variable manufacturing overhead 2 42,000
Fixed manufacturing overhead, traceable 9 * 189,000
Fixed manufacturing overhead, allocated 12 252,000
Total cost $ 49 $ 1,029,000
*One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value).
1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial (disadvantage) ..................
2. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $210,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial advantage ...................

Answers

Answer:

1. Financial disadvantage ($63,000)

2. Financial advantage $147,000

Explanation:

1. Calculation to determine what would be the financial advantage (disadvantage)

Per Unit

Differential

Costs 21,000 Units

Make Buy Make Buy

Cost of purchasing

$0 $34 $0 $714,000

($34*21,000 Units=$714,000)

Direct materials

$14 $294,000 $0 $0

Direct labor

$12 $0 $252,000 $0

Variable manufacturing overhead

$2 $0 $42,000 $0

Fixed manufacturing overhead, traceable1

$3 $0 $63,000 $0

($9 per unit × 1/3=$3)

Fixed manufacturing overhead, common

$0 $0 $0 $0

Total costs $31 $34 $651,000 $714,000

Financial (disadvantage) of buying the carburetors $ (3) $ (63,000)

($31-$34=$3)

($651,000-$714,000=-$63,000)

Based on the above information the company should REJECT the offer and they should CONTINUE TO PRODUCE the carburetors internally.

Therefore the FINANCIAL DISADVANTAGE of buying 21,000 carburetors from the outside supplier is ($63,000)

2. Calculation to determine the financial advantage (disadvantage)

Make Buy

Cost of purchasing $0 $714,000

($34*21,000 Units=$714,000)

Cost of making $651,000 $0

($294,000+$252,000+$42,000+$63,000)

Opportunity cost—segment margin foregone on a potential new product line $210,000 $0

Total cost $861,000 $714,000

Financial advantage of buying the carburetors $147,000

($861,000-$714,000=$147,000)

Based on the above calculation, the company should ACCEPT the offer and thereby PURCHASE the carburetors from the outside supplier.

Therefore what would be FINANCIAL ADVANTAGE of buying 21,000 carburetors from the outside supplier is $147,000

Angle Company started business on January 1. During the year, the company purchased merchandise with an invoice price of $500,000. Angle also paid $20,000 freight on the merchandise. During the year, Angle also returned $80,000 of the merchandise to its suppliers. All purchases were paid for in a timely manner, and a $10,000 cash discount was taken. $418,000 of the merchandise was sold for $627,000. What is the December 31 balance in the Inventory account

Answers

Answer:

$12,000

Explanation:

Given the above information, the ending balance in inventory account is computed as seen below

= Merchandise purchased - merchandise withdrawn - Merchandise returned to suppliers + Cash discount taken

= $500,000 - $418,000 - $80,000 + $10,000

= $12,000

Therefore, the balance on the inventory account as at December 31 is $12,000

Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here:
Required:
Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.)
Division X Division Y Division Z
Revenues $1,006,000
Operating income $105,600 $104,900
Operating assets $419,800 $298,200
Margin % 14.00 % %
Turnover turn(s) 1.00 turn(s) 3.00 turn(s)
ROI % % %
Residual income $28,690

Answers

Answer:

DIVISION X

Revenues = $1006000

Operating income = $105600

Operating assets = $419800

Margin = (Income*100/Revenue) = $105600*100/$1006000 = 10.50%

Turnover = (Turnover/Assets) = $1006000/$419800 = 2.4 times

ROI = (income*100/assets) = 105600*100/419800 = 25.15%

Residual Income = (105600-419800*12%) = $55224

DIVISION Y

Revenues = $298200*1 = $298200

Operating income = $298200*14% = $41748

Operating assets = $298200

Margin = 14%

Turnover = 1 times

ROI = (income*100/assets) = $41748*100/$298200 = 14%

Residual Income = (41748-298200*12%) = $5964

DIVISION Z

Revenues = $635083.33 * 3 = $1905250

Operating income = $104900

Operating assets = (104900-28690)*100/12 = $635083.33

Margin =  (Income*100/Revenue) = $104900*100/$1905250 = 5.51%

Turnover = 3 times

ROI = (income*100/assets = 5.51% * 3 = 16.53%

Residual Income = $28690

Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 102,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 25 $ 10 Direct labor 22 21 Variable manufacturing overhead 17 7 Traceable fixed manufacturing overhead 18 20 Variable selling expenses 14 10 Common fixed expenses 17 12 Total cost per unit $ 113 $ 80 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 9. Assume that Cane expects to produce and sell 82,000 Alphas during the current year. A supplier has offered to manufacture and deliver 82,000 Alphas to Cane for a price of $88 per unit. What is the financial advantage (disadvantage) of buying 82,000 units from the supplier instead of making those units

Answers

Answer:

Cane Company

The financial advantage of buying 82,000 units from the supplier instead of making those units is:

= $656,000.

Explanation:

a) Data and Calculations:

                                                               Alpha       Beta

Selling price                                             $130        $90

Annual production capacity              102,000    102,000 units

Direct materials per unit                          $25            $10

Direct labor                                                 22              21

Variable manufacturing overhead             17                7

Traceable fixed manufacturing overhead 18             20

Variable selling expenses                          14              10

Common fixed expenses                           17              12

Total cost per unit                                  $ 113         $ 80

Cost of Alphas                                     Make          Buy        Difference

Direct materials per unit                          $25      

Direct labor                                                 22          

Variable manufacturing overhead             17      

Traceable fixed manufacturing overhead 18        

Variable selling expenses                          14        

Total cost per unit                                  $ 96        $ 88           $ 8

Expected production/sales and purchase 82,000  82,000    82,000

Total cost or producing or buying    $7,872,00   $7,216,000  $656,000

radar plumbers do plumbing for household.Their service for the year bought in an income of R86000 .They paid out R36 200 for material ,R12400 for water and electricity,R3 800 for telephone and R18 900 for other expenses.. calculate whether the business make profit or loss​

Answers

Answer:

the business is making a profit of R14700

Explanation:

A business earns a profit if total cost is less than revenue and a business earns a loss of total cost exceeds revenue

total cost = R36 200 + ,R12400 + ,R3 800 + R18 900 = 71,300

total revenue =  R86000

revenue exceeds cost, so a profit is being made

profit =  R86000 -  71,300 = R14,700

An employee attends work while she should be hospitalized due to the fear of losing her job. Although the situation only affects one employee, it may result in a serious health emergency, fulfilling what facet of moral intensity

Answers

Answer:

Magnitude of consequences

Explanation:

The entire quantity of harm (gain) that occurs from the planned conduct is referred to as the scale of outcomes, and moral intensity rises as the level of suffering rises.

The amount of emotion a man feels for the implications of a moral choice is referred to as moral intensity. When a person's moral intensity is strong, his or her morality awareness and judgement are usually enhanced, leading to judgments not to participate in immoral action.

The social media policy requires that colleagues: __________

a. Never post CVS Health confidential information or personal information about our patients, customers or your colleagues online.
b. Never take or post photos of any workspace or store that may contain confidential information.
c. Never take or post pictures of patients or customers without their consent.
d. All of the above

Answers

Answer:

d. All of the above

Explanation:

In the case of the social policy, it required that colleagues should never post the confidential information or personal information related to the patients, never take or post the photos that have confidental information, and never take or post the photos without their wish

So as per the given situation, the last option is correct

A measure of risk-adjusted performance that is often used is the Sharpe ratio. The Sharpe ratio is calculated as the risk premium of an asset divided by its standard deviation. The standard deviations and returns of the funds over the past 10 years are listed here. Calculate the Sharpe ratio for each of these funds. Assume that the expected return and standard deviation of the company stock will be 16 percent and 58 percent. Calculate the Sharpe ratio for the company stock. How appropriate is the Sharpe ratio for these assets? When would you use the Sharpe ratio?

10-YEAR ANNUAL RETURN STANDARD DEVIATION
Bledsoe S&P 500 Index Fund 10.15% 23.85%
Bledsoe Small Cap Fund 14.83 29.62
Bledsoe Large Company Stock Fund 11.08 26.13
Bledsoe Bond Fund 8.15 10.34

Answers

Answer:

Explanation:

Sharpe ratio is the measure of the excess return per unit of risk in an investment asset or trading strategy.

To calculate the Sharpe of the following annual return using the formula:

Sharpe ratio = [tex]\dfrac{R_p-R_f}{\sigma _p}[/tex]

where;

[tex]R_p[/tex] = return of portfolio asset

From the given information, the risk-free rate [tex]R_f[/tex] wasn't given, So let's assume that the risk-free rate  [tex]R_f[/tex] = 3.2%

For Bledsoe S&P 500 Index fund

Sharpe Ratio = [tex]\dfrac{10.15\%-3.2\%}{23.85\%}[/tex]

= 0.2914

Small-cap Funs Sharpe Ratio = [tex]\dfrac{14.83\%-3.2\%}{29.62\%}[/tex]

= 0.3926

Large company stock Fund Sharpe Ratio = [tex]\dfrac{11.08\%-3.2\%}{26.13\%}[/tex]

= 0.3016

Bond Fund Sharpe Ratio = [tex]\dfrac{8.15\%-3.2\%}{26.13\%}[/tex]

= 0.1894

                          10-Year                    Standard       Sharpe Ratio

                           Annual Return        deviation

Bledsoe S&P -      10.15%                    23.85%           0.2914    

500 Index fund

Small Cap Fund     14.83%                  29.62%           0.3926

Large Company -   11.08%                       26.13%         0.3016

Stock Fund      

Bond Fund              8.15%                        10.34%          0.1894      

As depicted in the table above, the small-cap fund has the highest return per unit of risk, and company stock has the lowest return per unit of risk.

The ratio is clearly appropriate for the index funds. The whole risk is reflected by the Sharpe ratio, which is believed to be completely diversified, and systemic risk is reduced.

It is good for other stock funds since the overall risk is crucial for small investors who cannot readily diversify.

It is also acceptable to invest in bond funds since we may compare their Sharpe ratio to stock funds and take a financial investment decision.

We would take and make use of the Sharpe ratio when:

Comparing various assets with differing risks, then the Sharpe ratio would be applied to alter the "unit."We are concerned about any type of volatility.

Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million on July 1, 2021, at a price of $1,810 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31.
Prepare the journal entry to record interest at the effective interest rate at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2018, if it uses the direct method?

Answers

Answer:

Part 1

Journal entry to record interest at the effective interest rate at December 31.

Debit : Interest expense $181.45

Credit : Bond Payable $181.45

Part 2

the amount(s) related to the bonds that would be recorded in statement of cash flows

Cash flow from Operating Activities - Interest expense $181.45

Cash flow from Financing Activities - Repayment of Bond $18.55

Explanation:

The bond amortization table is the only tool that can supply us with further information about the Bond Interest, Bond Capital Repayment and Balance after Installment.

We can simply construct an amortization by entering the following data in the financial calculator,

FV = $1,840 million

PV = - $1,810 million

PMT = ($1,810 million x 9%) ÷ 2 = $81.45

I/YR = 10 %

P/YR = 2

N = 3.14

then, SHIFT Amort gives,

Bond Amortization table (extract)

Date                              Principle         Interest            Balance

December 31, 2018       $18.55           $181.45              $1.828

The balance sheet value of a firm's inventory is $60,000. Suppose that the firm purchases supplies at a cost of $3,500 and adds them to inventory. A day later, the market value of the recently purchased supplies changes to $1,000.
Assuming no other changes to inventory, and using the historical cost method, what is the final balance sheet value of inventory?
Note: Students with prior accounting experience should not apply the monthly "lower of cost or market" adjustment. This is a day-to-day fluctuation.

Answers

Answer:

$63,500

Explanation:

Calculatuon to determine the Final balance sheet value of inventory using the historical cost method

Using this formula

Final balance sheet value of inventory=Balance sheet value of firm's inventory+Supplies

Let plug in the formula

Final balance sheet value of inventory= $60,000+$3,500

Final balance sheet value of inventory= $63,500

Therefore Final balance sheet value of inventory is $63,500

34. A written review request to the insurance carrier is the only way to
resolve incorrectly processed claims.

Answers

Answer:

False. That is one of many.

Explanation:

False. That is one of many.

If a firm is privately owned, and its stock is not traded in public markets, then we cannot measure its beta for use in the CAPM model, we cannot observe its stock price for use in the dividend growth model, and we don't know what the risk premium is for use in the bond-yield-plus-risk-premium method. All this makes it especially difficult to estimate the cost of equity for a private company. True False

Answers

Answer: True

Explanation:

Beta enables us to be able to calculate the risk of a stock in relation to how the market is moving. This is known as the systematic risk. Beta, needs to be calculated on based on the trading data of the stock.

If the stock is not publicly traded, it would not have the trading data required to find the beta. As we cannot get the beta, we would be unable it to calculate the return on stock and therefore the dividend growth model.

Here are selected 2017 transactions of Akron Corporation.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,000 and had a useful life of 10 years with no salvage value
June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $36,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash
Dec. 31 Sold a delivery truck for $9,000 cash. The truck cost $25,000 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $4,000 salvage value.

Required:
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Akron Corporation uses straight-line depreciation.

Answers

Answer:

Akron Corporation

Journal Entries:

Jan. 1 Debit Assets Disposal $62,000

Credit Equipment $62,000

To transfer the cost of equipment to the Assets Disposal account.

Debit Accumulated Depreciation $62,000

Credit Assets Disposal $62,000

To transfer the accumulated depreciation to the Assets Disposal account.

June 30 Debit Assets Disposal $36,000

Credit Computer $36,000

To transfer the cost of the computer to the Assets Disposal account.

Debit Accumulated Depreciation $30,000

Credit  Assets Disposal $30,000

To transfer the accumulated depreciation to the Assets Disposal account.

Debit Cash $5,000

Credit Assets Disposal $5,000

To record the proceeds from the disposal.

Dec. 31 Debit Accumulated Depreciation $12,600

Credit Assets Disposal $12,600

To transfer the accumulated depreciation to the Assets Disposal account.

Debit Assets Disposal $25,000

Credit Delivery Truck $25,000

To transfer the cost of the delivery truck to the Assets Disposal account.

Debit Cash $9,000

Credit Assets Disposal $9,000

To record the proceeds from the disposal.

Dec. 31 Debit Loss on Disposal of Assets $4,400

Credit Assets Disposal $4,400

To record the loss from the disposal of assets.

Explanation:

a) Data and Analysis:

Jan. 1 Accumulated Depreciation $62,000 Assets Disposal $62,000 Assets Disposal $62,000 Equipment $62,000

June 30  Assets Disposal $36,000 Computer $36,000 Accumulated Depreciation $30,000 Assets Disposal $30,000 Cash $5,000 Assets Disposal $5,000

Dec. 31 Accumulated Depreciation $12,600 Assets Disposal $12,600 Assets Disposal $25,000 Delivery Truck $25,000 Cash $9,000 Assets Disposal $9,000

Dec. 31 Loss on Disposal of Assets $4,400 Assets Disposal $4,400

Price Quantity Demanded Quantity Supplied $4 10 000 Tickets 8 000 Tickets $8 8 000 Tickets 8 000 Tickets $12 6 000 Tickets 8 000 Tickets $16 4 000 Tickets 8 000 Tickets $20 2 000 Tickets 8 000 Tickets a) Draw the demand and supply curves. What is unusual about this supply curve? What might this be true? b) What are the equilibrium price and quantity of tickets?​

Answers

Answer:

a) Draw the demand and supply curves. I have attached the supply and demand curves below

What is unusual about this supply curve? What might this be true? What is inusual is that the supply curve is vertical, which means that the supply for this market is perfectly inelastic. A perfectly inelastic supply occurs when supply does not respond to price, it stays at the same quantity regardless of price level and price changes.

b) What are the equilibrium price and quantity of tickets?​

The equilibrium price is $8 and the equilibrium quantity is 8 000 tickets. The reason is that at the price of $8 both the quantity supplied and demanded is equal to 8 000 tickets.

X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used. Multiple choice question. Debit Purchases $300; credit Cash $300. Debit Merchandise Inventory $300; credit Cash $300. Debit Merchandise Inventory $300; credit Sales $300. Credit Merchandise Inventory $300; debit Cash $300.

Answers

Answer:

Debit Merchandise Inventory $300; credit Cash $300

Explanation:

The journal entry to record the given transaction is shown below:

Merchandise inventory Dr $300

    To Cash $300

(being cash paid is recorded)

Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets

Curley Publishers Inc. projected sales of 51,000 diaries for 2016. The estimated January 1, 2016, inventory is 3,600 units, and the desired December 31, 2016, inventory is 5,000 units. What is the budgeted production (in units) for 2016

Answers

Answer:

47,900

Explanation:

The projected sales for curley publishers is 51,000

The beginning inventory is 3,600

The ending inventory is 5,000

The budgeted projection units in 2016 can be calculated as follows

= 51,000+5000

= 51,500-3600

= 47,900

Hence budgeted projection units is 47,900

Your company has decided to give employees yearly mental health days, in addition to the sick leave and vacation days that already exist. The company sends out an e-mail to employees explaining the new benefit and urges them to take care of themselves and to understand the importance of good mental health. The leaders of this company probably think of leadership as which of the following?

a. relationship
b. skill
c. influence
d. process

Answers

Answer:

A relationship because he/she is reaching out personaly

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