n 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 billion and services worth $255 billion. It sent $1.2 billion in famine relief to Africa, and received $3 billion to support its first democratic election efforts. What was the current account balance in Vesey for 2010 in US Dollars?

Answers

Answer 1
Final answer:

The current account balance of Vesey in 2010 was -$268.2 billion. This figure was obtained by summing the credits (exports and incoming transfers) and subtracting the debits (imports and outgoing transfers).

Explanation:

To determine the current account balance of Vesey in 2010, we need to sum the exports of goods and services and the received government support, and subtract the imports of goods and services and the sent famine relief. In other words, the exports (+ received financial support) are credits while the imports (+ sent financial support) are debits on the current account.

Therefore, the current account balance for Vesey is $312 billion (goods exported) + $198 billion (services exported) + $3 billion (received support) - $525 billion (goods imported) - $255 billion (services imported) - $1.2 billion (sent relief) = -$268.2 billion.

This means that Vesey had a current account deficit of $268.2 billion in 2010.

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Related Questions

A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear and output is equal to 500 units, what is the firm's degree of operating leverage?

A. 5
B. 4
C. 3
D. None of the above is correct.

Answers

Answer:

option (A) 5

Explanation:

Data provided in the question:

Total fixed cost = $40,000

Selling price = $250 per unit

Average variable cost = $150

Output = 500 units

Now,

Firm's degree of operating leverage

= {output × ( Selling price - Variable cost )} ÷ {output × ( Selling price - Variable cost )-Total fixed cost}

on substituting the respective values, we get

= [tex]\frac{500\times( 250 - 150 )}{500\times(250 - 150 ) - 40,000}[/tex]

= 50,000 ÷ [ 50,000 - 40,000 ]

= 50,000 ÷ 10,000

= 5

Hence,

The correct answer is option (A) 5

Suppose that the position of a​ nation's long-run aggregate supply​ (LRAS) curve has not​ changed, but its​ long-run equilibrium price level has increasedincreased. FACTOR
(a) A rise in the value of the domestic currency relative to other world currencies
(b) An increase in the quantity of money in circulation
(c) An increase in the labor force participation rate
(d) A decrease in taxes
(e) A rise in real incomes of countries that are key trading partners of this nation
(f) Increased​ long-run economic growth

Of the factors given​ above, which could account for the price level increaseincrease with constant​ LRAS?

(A) Factors​ a, c, and f.
(B) Factors c and f.
(C) Factors​ b, d, and e.
(D) Factors​ b, c,​ d, and f.

Answers

Answer: (D) Factors B, C, D & F

Explanation:

Factor B: An increase in the quantity of money in circulation implies inflation. This will definitely cause a rise in the price level of goods and services in the nation.

Factor C: An increase in the labour force participation rate implies an increase in the quantity supply of labour. This implies an increase (general increase, not per labourer) in the price paid for labour (wages and salaries) in the nation.

Factor D: A decrease in production taxes paid by firms will encourage more production. This increase in supply of goods and services produced will result in an increased price level. The LRAS curve still won't shift. It will remain constant but along the curve, price level and quantity level will have increased.

On the other hand - for individuals - a decrease in income tax implies higher purchasing power (higher income-after-tax). This will in turn raise the prices of the goods and services purchased by individuals.

Factor F: Increased long run economic growth means increased productivity (or Gross Domestic Product) in the economy. This usually has the effect of raising inflation rate which directly impacts price level in the economy/nation.

For the wrong answers, here is the reason why they are wrong:

Factor (A)

A rise in the value of domestic currency, relative to other world currencies, does the damage of (or has the effect of) reducing the quantity of goods imported from this country by other countries. This will in turn reduce the quantity of goods exported by this country and hence, quantity produced will reduce in this country. This, instead of increasing price level, will reduce it.

Factor (E)

A rise in real incomes in trade partner countries does not mean that the extra real incomes will be used to purchase products from this country or to engage on foreign trade with this country.

You are welcome.

Under Armour, Inc. is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009â2013.2009 2010 2011 2012 2013Profit margin (%) 5.6 6.5 6.7 7.1 7.1 Retention ratio (%) 100.0 100.0 100.0 100.0 100.0 Asset turnover (X) 1.6 1.6 1.6 1.6 1.5 Financial leverage (X) 1.7 1.7 1.9 1.8 1.9 Growth rate in sales (%) 18.7 24.8 39.0 25.2 27.7 Calculate Under Armourâs annual sustainable growth rate for the years 2009 through 2013. (Round your answers to 1 decimal place.)

Answers

Final answer:

The sustainable growth rate (SGR) can be calculated using the formula SGR=(Retention ratio*Return on Equity). ROE is derived from the combination of profit margin, asset turnover, and financial leverage. By applying the provided data for Under Armour, Inc. ranging from 2009 to 2013, calculated values range from 15.1% to 20.3%

Explanation:

The sustainable growth rate (SGR) for a company is the rate at which the company can grow its sales, earnings, and dividends while maintaining its current financial structure. It's typically calculated using the formula: SGR=(Retention ratio*Return on Equity), given as a percentage. The return on equity (ROE) can be derived from the combination of profit margin, asset turnover, and financial leverage (the formula for which is ROE=Profit margin*Asset turnover*Financial leverage).

Now, applying the given data:

2009: SGR = 100.0% * (5.6% * 1.6 * 1.7) = 15.2%2010: SGR = 100.0% * (6.5% * 1.6 * 1.7) = 17.7%2011: SGR = 100.0% * (6.7% * 1.6 * 1.9) = 20.3%2012: SGR = 100.0% * (7.1% * 1.6 * 1.8) = 20.4%2013: SGR = 100.0% * (7.1% * 1.5 * 1.9) = 20.2%

These values are approximate and should be rounded to the nearest decimal point in any professional financial report.

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Excess reserves A. are reserves banks keep above the legal requirement. B. are reserves banks keep to meet the reserve requirement. C. are loans made at above market interest rates. D. are the deposits that banks do not use to make loans. Suppose the required reserve ratio is 1313​% and a bank has the following balance​ sheet: Assets Liabilities Reserves ​$2 comma 0002,000 Deposits ​$10 comma 00010,000 Loans ​$8 comma 0008,000 This bank keeps required reserves of ​$nothing and excess reserves of ​$nothing. ​(Enter your responses as​ integers.)

Answers

Answer:

The correct answer is A

Required reserve is $1,300

Excess reserve is $700

Explanation:

Excess reserve is the capital reserve that is held by the financial institutions or the banks in excess or more of what is needed by the creditors, internal controls or the regulators.

So, it is the reserves banks need to keep above the legal requirements.

The required reserve is computed as:

Required reserve = Reserve ratio × Deposits

= 13% × 10,000

= $1,300

Excess reserve is computed as:

Excess reserve = Reserves - Required reserve

= $2,000 - $1,300

= $ 700

Final answer:

Excess reserves are funds that banks hold over and above the legal requirement set by the Federal Reserve. Based on the 13% reserve ratio and the bank's balance sheet, the required reserves are $1,300 and the excess reserves are $700.

Explanation:

In response to your question, the excess reserves are reserves that banks hold in addition to the legal requirement. This means they surpass what's mandated by the Federal Reserve, and is not used for loans or investments. So, option A is correct in stating that excess reserves are the reserves banks keep above the legal requirement.

Looking at the bank's balance sheet with reserves of $2,000 and deposits of $10,000, you can calculate the required and excess reserves. Given that the required reserve ratio is 13%, the required reserves would be 13% of $10,000 which equals $1,300. Since the actual reserves are $2,000, the excess reserves would be $2,000 - $1,300 which equals $700.

So, the bank keeps required reserves of ​$1300 and excess reserves of ​$700.

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Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 11.8​%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 15 comma 000 in the account in five ​years' time?

Answers

Answer:

$184.67 each month

Explanation:

Giving the following information:

Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 11.8​%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 15,000 in the account in five ​years' time?

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

n= 5*12= 60

i= 0.118/12= 0.00983

FV= 15,000

A=(15,000*0.00983)/[(1.00983^60)-1]= $184.67

Final answer:

Howard should save $184.67 from each monthly paycheck.

Explanation:

To calculate how much Howard should save from each monthly paycheck, we need to use the formula for future value of an ordinary annuity:

FV = P * ((1 + r)^n - 1) / r

Where FV is the future value, P is the monthly deposit, r is the monthly interest rate (which is 11.8% divided by 12), and n is the number of months (which is 5 years times 12 months). Rearranging the formula to solve for P, we get:

P = FV * r / ((1 + r)^n - 1)

Plugging in the values, the calculation is:

P = $15000 * (0.118 / 12) / ((1 + (0.118 / 12))^(5 * 12) - 1) = $184.67

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The component of a firm's service quality information system that is used specifically to assess employee performance is:
a. employee surveys.
b. customer focus group interviews.
c. solicitation of customer complaints.
d. total market service quality survey.
e. mystery shopping.

Answers

Answer:d. total market service quality survey.

Explanation:

The analysis of the total market service quality survey helps to provide details information on the product performance, personal contributions to success, company competitor performance, and other market related results.

Employee survey will not give information on the product nor customers evaluation, customer focused interview will miss out other vital information like competitors market performance, solicitation of customers complain may be bias and mystery shopping may not be adequate to be used for evaluation.

Acme Company has an agreement with a major credit card company which calls for cash to be received immediately upon deposit of Acme customers' credit card sales receipts. The credit card company receives 3.5% of card sales as its fee. If Acme has $2,000 in credit card sales, which of the following statements is true?a. Acme debits Cash $2,000b. Acme debits Cash $1,930c. Acme debits Accounts Receivable - Credit Card Co $2,000d. Acme debits Accounts Receivable - Credit Card Co $1,930e. Acme credits Sales $1,930

Answers

Answer:

b. Acme debits Cash $1,930

Explanation:

Before passing the journal entry, first we have to do the calculations which his shown below

= Credit card sales - Credit card sales × fee percentage

= $2,000 - $2,000 × 3.5%

= $2,000 - $70

= $1,930

The journal entries are shown below:

Cash A/c Dr $1,930

          To Sales A/c $1,930

(Being cash is received after applying the fee percentage)

Grouper Corporation had 141,600 shares of stock outstanding on January 1, 2017. On May 1, 2017, Grouper issued 68,400 shares. On July 1, Grouper purchased 10,320 treasury shares, which were reissued on October 1. Compute Grouper’s weighted-average number of shares outstanding for 2017. Weighted-average number of shares outstanding

Answers

Answer:

184,620 shares

Explanation:

The computation of the weighted-average number of shares outstanding is shown below:

On January 1, 2017 to May 1, 2017

= 141,600 shares × 4 months ÷ 12 months

= 47,200 shares

On May 1, 2017 to July 1, 2017

= 141,600 shares + 68,400 shares  × 2 months ÷ 12 months

= 35,000 shares

On July 1, 2017 to October 1, 2017

= 141,600 shares + 68,400 shares - 10,320 shares   × 3 months ÷ 12 months

= 49,920 shares

On October 1, 2017 to December 31, 2017

= 141,600 shares + 68,400 shares - 10,320 shares + 10,320 shares  × 3 months ÷ 12 months

= 52,500 shares

So, the Weighted-average number of shares outstanding would be

= 47,200 shares + 35,000 shares + 49,920 shares + 52,500 shares

= 184,620 shares

They really don’t purchase much, but they like the recreation the outing provides. Which type of shopping activity is this? Group of answer choices acquisitional shopping epistemic shopping experiential shopping impulsive shopping habitual shopping

Answers

Answer:

experiential shopping

Explanation:

Experiential Shopping is done in order to avoid the boredom and get engaged in an activity, basically for moving out of the room and finally having a view and enjoying it. The goods are purchased without any planning, and only because you saw them and you like them.

This is done in order to recreate peace.

This is done by people to create happiness and internal satisfaction. Shopping do not provide happiness to them unlike impulsive shopping, but the mere thought to go out and enjoy do provides them the happiness they intend to have.

Answer:

Andrea Amati invent?

A. The viol

B. The violin

C. The flute sanfijasionasi

D. The lute

Explanation:s dkgsjlg

Andrea Amati invent?

A. The viol

B. The violin

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C. The flute

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D. The lute

On January 1, 2021, Lyle's Limeade issues 3%, 20-year bonds with a face amount of $80,000 for $69,058, priced to yield 4%. Interest is paid semiannually.What amount of interest expense will be recorded in the December 31, 2021, annual income statement?

Answers

Answer:

The interest expense of $2,765.94 is recorded in the annual income statement.

Explanation:

As the interest is paid semiannually, so the first interest will be in June, it is computed by using the method of effective interest rate :

Interest expense = Amount × Rate / 2

=$69,058 × 0.04 / 2

= $1,381.16

Now, Computing the amount of the above interest expense that amortizes the bond discount as:

= Face value × issued at 3% / 2

= 80,000× 0.03 / 2

= $1,200

= $1,381.16 - $1,200

= $181.16

The difference is added to the carrying value of the bond which is:

= Difference amount + Carrying amount

= $181.16+ $69,058

= $69,239.16

The interest for 6 months ending on December 31 is computed as:

= $69,239.16 ×0.04 / 2

= $1,384.78

Total interest expense at 12/31/12 would be:

= June 30 expense + December 31 expense

= $1,381.16 + $1,384.78

= $2,765.94

Final answer:

The interest expense Lyle's Limeade would record in the December 31, 2021, annual income statement, based on its bond issued at discount, would be $2,789.94.

Explanation:

Lle's Limeyade issued a 3% bond whose face value is $80,000. However, this bond was sold for less than its face value at $69,058, meaning that the bond was issued at a discount. This happens when the market interest rate (4% in this case) is higher than the bond's coupon interest rate (3%). Interest expense for a bond issued at a discount is calculated using the market interest rate at the time the bond was issued multiplied by the bond's book value at the beginning of the year.

Since the interest is paid semiannually, you would use 2% (4%/2) as the rate for each 6-month period. Therefore, if this bond was issued on January 1, 2021, the interest expense recorded in the December 31, 2021, annual income statement would be the sum of the interest expenses of the two 6-month periods in 2021.

The interest for the first six months would be $69,058 (book value at beginning of 2021) * 2% = $1,381.16. Then, the book value at the beginning of the second period would be $69,058 (initial book value) + $1,381.16 (first period interest) = $70,439.16. So, the interest expense for the second six months is $70,439.16 * 2% = $1,408.78.

So, the total interest expense that would be recorded in the December 31, 2021, annual income statement would be $1,381.16 (first six months interest) + $1,408.78 (second six months interest) = $2,789.94.

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What is the payback period for an investment project with an upfront cost of $1,000,000, but benefits of $400,000 per year forever? (Note: Enter the number of years as your answer, but do not enter "years", just the number.)

Answers

Answer:

2.5

Explanation:

Upfront cost = $1,000,000

Yearly benefits = $400,000

The payback period is the time that a business takes to repay the amount investment. That is, the time it takes to break even.

In this case, since benefits are steady and no further incurred costs are mentioned. The payback period (t) is given by:

[tex]t=\frac{\$1,000,000}{\$400,000} \\t=2.5\ years[/tex]

Which pricing policy is probably "best" for a profit-oriented, low-cost producer who is introducing a new product into a market with elastic demand and is expecting strong competition very soon after product introduction?

A. Skimming pricing

B. Introductory price dealing

C. Meeting competition pricing

D. Penetration pricing

E. Status-quo pricing

Answers

Answer:

D

Explanation:

Penetration pricing strategy is setting an initial low price in other to gain market share and switch consumers from competitors. As a new entrant into the market with Low cost production, penetration pricing  strategy should be introduced.

The softbank telecommunications and internet corporation prides itself on being a forward-thinking, innovative company.To market its various products, Softbank coordinates many marketing tools such as sales promotions, digital marketing, advertising, public relations campaigns, and even some guerrilla marketing with its corporate and marketing strategic message. What impact does a coordinated message have on Softbank's target markets?
a. it reinforces the company's culture and marketing message across a variety of platforms and creates a more efficient and effective means to impact customers' perceptions and behavior.
b. it communicates messages across a variety of platforms and creates fractured marketing communication that impacts customers' perceptions and behavior.
c. it delivers a variety of messages across various platforms and creates confusion among its target market customers' perceptions and behavior.

Answers

Answer:

(A). It reinforces the company's culture and marketing message across a variety of platforms and creates a more efficient and effective means to impact customers' perceptions and behavior.

Explanation:

Coordination ensures resources are fully utilized and wastages are reduced. As such, it leads to efficiency and effectiveness in an organization.

Coordination in marketing ensures a consistent message across all the organization's marketing platforms.

By coordinating its corporate and strategic message with its marketing tools, Softbank Telecommunications and Internet Corporation, focuses on achieving its goals and objectives, while also communicating its values and culture to its customers in various target markets.

Final answer:

A coordinated message reinforces Softbank's culture and marketing message across platforms, creating an efficient and effective means to impact customers' perceptions and behavior.

Explanation:

A coordinated message has a positive impact on Softbank's target markets because it reinforces the company's culture and marketing message across a variety of platforms. This creates a more efficient and effective means to impact customers' perceptions and behavior. By using various marketing tools such as sales promotions, digital marketing, advertising, public relations campaigns, and guerrilla marketing, Softbank ensures a consistent and cohesive message that resonates with its target market.

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Given here is the December 31, 2013, preclosing trial balance for the City of Hudson Golf Course Enterprise Fund.Compute as of December 31, 2013, (a) total net position; (b) net investment in capital assets, net of related debt; (c)restricted net position: and (d) unrestricted net position.Oty of HudsonGolf Course Enterprise FundPredoslng Trial BalanceDecember", 208Debits (teatsCash 5 15,045Accounts receivable 37,000Estimated uncolectble accounts S 5,000Cash—restricted for debt service 150,000Cash—restricted for customer deposits 23,000Land 900,000Equipment 325,000Accumdated depreciation—eminent 105,000Buildngs 1,500,000Accumdated depreciation—builtings 650,000Accounts payable 20,000Customers’ deposits payable 23,000Interest payable on customer deposits 835Revenue bonds payable 1,000,000Accmed interest payabFrevenue bonds 6,500Net position, January 1, 2013 940,740

Answers

Answer:

Explanation:

a) For total net position :

Particulars                                                                  Amount

total net assets

revenue from rentals                                                        $ 800,000.00

personal service expense                    $ 380,000.00

Utilities expense                                   $ 63,000.00

repairs and maintenace respense      $ 47,000.00

depreciation expense-equipment       $ 15,000.00

depreciation expense-building            $ 50,000.00

interest expense                                   $ 40,030.00

uncollectible accounts expense          $ 5,000.00

supplies expense                                  $ 1,000.00             $ 601,030.00

increase in net assets                                                          $ 198,970.00

add net assets in beginning of the yr                                 $ 940,740.00

Total ending net assets                                                       $ 1,139,710.00

b) net investment in capital assets, net of related debt:

Particulars                                                                               Amount

Net capital assests                                                                 $ 900,000.00

land                                                                                           $ 325,000.00

equipment                                                                                $ 1,500,000.00

accumulated depreciation-equipment                                 $ 105,000.00

accumulated depreciation-buildings                                     $ 650,000.00        $ 1,970,000.00

less revenues bonds payable                                                                              $ 1,000,000.00

net assets invested in capital assets, net of related debt                                $ 970,000.00

c) For restricted net position

Particulars                                                                                    Amount

Restricted assets            

cash restricted fordebt service            $ 150,000.00

cash restricted for customer deposit  $ 23,000.00                   $ 173,000.00

liabilities payable from restricted assets

customers deposits payable                                               $ 23,000.00

restricted net assets                                                              $ 150,000.00

d) For unrestricted net position

Particulars                                                                                     Amount

net assets, unrestricted

total nets assets, end of year                                                     $ 1, 139,710.00

less net assets invested in capital assets, net of related        $ 970,000.00

less net assets, restricted                                                            $ 150,000.00

Net assets, unrestricted                                                               $ 19,710.00

Makai Metals Corporation has 9.4 million shares of common stock outstandin par value $1,000 each. The common stock currently sells for $42 per share a maturity and sell for 113 percent of par. The market risk premium is 8.2 perce rate is 35 percent. a. What is the firm's market value capital structure?

Answers

Answer:

Please see attachment

Explanation:

Please see attachment

This year Jack intends to file a married-joint return. Jack received $167,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012.b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income.What AGI would Jack report under these circumstances?

Answers

Final answer:

Jack's adjusted gross income (AGI) would be calculated by adding his salary ($167,500) and partnership income ($8,800) to get $176,300, then subtracting deductible alimony payments ($28,300) to arrive at an AGI of $148,000.

Explanation:

To calculate Jack's adjusted gross income (AGI), we must consider all sources of income and allowable deductions. First, we sum up all income sources:

Salary: $167,500Partnership income: $8,800

This gives us a total income of $167,500 + $8,800 = $176,300.

Next, we subtract the deductions for AGI Jack is eligible to claim:

Alimony paid (since the divorce was in 2012, it is deductible): -$28,300

However, the moving expenses and interest on loans for qualified tuition costs are not deductible for AGI, as these types of deductions have been suspended or changed in recent tax reforms (unless the moving expenses are for certain members of the Armed Forces). As a result, we do not subtract the $4,300 moving expenses or the $5,000 interest for tuition costs from total income.

Finally, we calculate Jack's AGI:

Total income: $176,300
Minus deductible alimony: $28,300
Adjusted Gross Income (AGI): $148,000

Jack's Adjusted Gross Income (AGI) is calculated by adding his salary and partnership income, and then subtracting allowable deductions like interest on student loans, moving expenses, and alimony. The resulting AGI is $138,700.

Calculation of Adjusted Gross Income (AGI) for Jack

To calculate Jack's Adjusted Gross Income (AGI), we need to consider his total income and then subtract allowable deductions.

Total Income: Jack received a salary of $167,500 and reported an additional $8,800 from a half share of profits from a partnership.

Add these amounts to get the Total Income:

Salary: $167,500

Partnership Income: $8,800

Total Income: $167,500 + $8,800 = $176,300

Deductions:

Interest on qualified student loans: $5,000

Moving expenses: $4,300

Alimony paid (deductible if the divorce occurred before 2019, such as in Jack's case): $28,300

The total deductions are calculated as:

$5,000 + $4,300 + $28,300 = $37,600

Finally, subtract the total deductions from the total income to get the AGI:

AGI = $176,300 - $37,600 = $138,700

Therefore, Jack will report an Adjusted Gross Income (AGI) of $138,700 in his married-joint return

________ management is a systematic, structured approach to improvement, in which people critically examine, rethink, and redesign business processes in order to achieve dramatic improvements in one or more performance measures, such as quality, cycle time, or cost.
A. Business process
B. Business activity
C. Application service
D. Business service
E. Application performance\

Answers

Answer: (A) Business process management

Explanation:

 The business process management is one of the systematic and structure approach for monitoring, executing, designing and also control the process in the business management.

The main aim of the business process management is that it helps in improve the overall operation of the business management. It also control the workflow and also reduce the expenditure of the business.

It also achieve the various dramatic improvement by measuring the performance, quality and the cost. Therefore, Option (A) is correct.

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:
Work in Process, January 1 $ 53,800
Work in Process, December 31 38,900
Total Factory overhead 7,400
Direct materials used 14,400
Direct labor used 28,400"

Answers

Answer:

COGS= $65,100

Explanation:

Giving the following information:

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,800 + 14,400 + 28,400 + 7,400 - 38,900= 65,100

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= $65,100

There are three methods for estimating the cost of common stock from reinvested earnings (not newly issued stock): the CAPM method, the DCF method, and the bond-yield-plus-risk-premium method. However, only the CAPM method always provides an accurate and reliable estimate. True or false?

Answers

Answer:

False

Explanation:

Capital Asset Pricing Model(CAPM) of calculating cost of equity is not the accurate and reliable method making this statement false.

CAPM formula ; r = risk free rate + beta (Market return - risk free rate)

Its assumptions are have limitations as the beta is difficult to estimate since it is unstable and changes from time to time. Additionally, it is difficult to determine the correct risk free rate to use in the calculation.

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,900,000 Net operating income $ 4,900,000 Average operating assets $ 36,200,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to 2 decimal places.)

Answers

Answer:

1. The margin for Alyeska Services Company: 27.37%

2. The turnover for Alyeska Services Company= 49.45%

3. The return on investment (ROI) for Alyeska Services Company = 13.54%

Explanation:

Please find the below for detailed explanations and calculations:

1. The margin for Alyeska Services Company = Net operating income / Sales = 4,900,000/17,900,000 = 27,37%;

2. The turnover for Alyeska Services Company= Sales / Average operating income = 17,900,000/36,200,000 =  49.45%;

3. The return on investment (ROI) for Alyeska Services Company = Net operating income/Average operating income= 4,900,000/36,200,000=  13.54%

Among the following choices, an operations manager might best evaluate political risk of a country by looking at which type of country ranking?
a. based on magnitude of government social programs
b. based on corruption based on competitiveness
c. based on cost of doing business
d. based on average duration between presidential/prime minister elections

Answers

Answer:

b. based on corruption based on competitiveness

Explanation:

Competing globally and enhancing a nation’s position internationally are characteristically linked to the welfare of citizens. In fact, in today’s world, improving the welfare of citizens has become a priority for responsible governments and those which aspire to be global actors.

Liberalization, globalization of business, and access to information have induced governments in many parts of the world to demonstrate to their constituencies that they are responsive and committed to fostering a healthy economy.

The rise of Walmart as one of the world's largest corporations has brought the concept of:

A) reverse auctions
B) target return on investment pricing
C) price points
D) high/low pricing
E) everyday low pricing

Answers

Answer:

correct option is E) everyday low pricing

Explanation:

solution

Rise of Walmart brought the concept of Everyday low pricing  as we all aware everyone need good quality product in low price and Walmart is one the world largest corporation that give almost everyday attractive offer to their customers Incredible Prices on many different quality brands

they giver offer according to trends for autumn winter to attract all customers

so we can that here correct option is E) everyday low pricing

Given a relevant range, which ONE of the following statements is TRUE? Group of answer choices
a. A fixed cost is fixed in total and decreases per unit as the number of units increases.
b. A variable cost is fixed in total and decreases per unit as the number of units increases.
c. A variable cost is variable in total and decreases per unit as the number of units increases.
d. A variable cost is variable in total and increases per unit as the number of units increases.

Answers

Final answer:

The correct statement regarding costs within a relevant range is that a variable cost is variable in total and decreases per unit as the number of units increases. Fixed costs remain constant in total, while variable costs such as labor and raw materials vary directly with the level of output.

Explanation:

When discussing costs within a relevant range, it is important to understand how different types of costs behave in relation to production levels. Answer choice (a) states that a fixed cost is fixed in total and decreases per unit as the number of units increases. This is correct, as fixed costs, such as rent or salaries, do not change with the level of output; therefore, when more units are produced, the cost allocated to each unit of product becomes less.

Answer choices (b) and (d) incorrectly describe variable costs. Variable costs change in total depending on the level of production, but they do not decrease per unit as the number of units increases, nor do they increase per unit as the output increases. Instead, as indicated in choice (c), a variable cost is variable in total and decreases per unit as the volume of production increases, due to economies of scale and the spreading of fixed costs over more units. Therefore, option (c) is the correct answer.

Labor and raw materials are examples of variable costs because they vary directly with the level of output. The more goods or services produced, the more labor and raw materials are generally required, thus increasing the variable costs.

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:
Vulcan Flyovers Operating Data For the Month Ended July 31
Actual Results Flexible Budget Planning Budget
Flights (q) 55 55 53
Revenue ($350.00q) $ 16,200 $ 19,250 $ 18,550
Expenses:
Wages and salaries ($3,700 $86.00q) 8,398 8,430 8,258
Fuel ($33.00q) 1,979 1,815 1,749
Airport fees ($870 $32.00q) 2,510 2,630 2,566
Aircraft depreciation ($9.00q) 495 495 477
Office expenses ($230 $1.00q) 453 285 283
Total expense 13,835 13,655 13,333
Net operating income $ 2,365 $ 5,595 $ 5,217
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.
Required:
Complete the fexible budget perfromance for july:
(a) Revenue and spending variance.
(b) Activity variances.

Answers

Final answer:

The flexible budget performance for July can be analyzed by calculating the revenue and spending variances as well as the activity variances. The revenue variance is -$3,050 and the spending variance is $180. The net operating income activity variance is -$2,852.

Explanation:

The flexible budget performance for July can be calculated by analyzing the revenue and spending variances as well as the activity variances.

(a) Revenue and Spending Variances:

The revenue variance can be calculated by finding the difference between the actual revenue and the flexible budget revenue. In this case, the revenue variance is $16,200 - $19,250 = -$3,050. The spending variances can be calculated by finding the difference between the actual expenses and the flexible budget expenses for each category. The total spending variance is $13,835 - $13,655 = $180.

(b) Activity Variances:

The activity variances can be calculated by finding the difference between the actual results and the planning budget results. The net operating income activity variance is $2,365 - $5,217 = -$2,852.

Hampton Corporation's common stock dividends are expected to grow by 8% per year. Recently, the firm paid a $3.00 common stock dividend. Hampton has a beta of 1.40. The expected return on the S&P 500 index is 12.5% and the rate of return on U.S. Treasury securities is 7%. Using this information and the CAPM, what is the stock's intrinsic value?
a) $72
b) $66.67
c) $24
d) $48.36
e) $25.92

Answers

Answer:

d) $48.36

Explanation:

For computing the intrinsic value, first we have to compute the cost of equity by using CAPM Model which is shown below:

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 7% + 1.4 × (12.5% - 7%)

= 7% + 1.4 × 5.5%

= 7% + 7.7%

= 14.70%

Now the intrinsic value would be

In this question, we apply the Gordon model which is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,  

Current year dividend

= $3 + $3 × 8%

= $3 + 0.24

= $3.24

The other items rate would remain the same

Now put these values to the above formula  

So, the value would equal to

= 3.24 ÷ (14.70% - 8%)

= $48.36

Final answer:

The intrinsic value of Hampton Corporation's common stock as per the Capital Asset Pricing Model (CAPM) is calculated to be $48.36.

Explanation:

To calculate the intrinsic value of Hampton Corporation's common stock using the Capital Asset Pricing Model (CAPM), we first need to determine the required rate of return. We use the formula: Risk-free rate + Beta*(Market rate of return - Risk-free rate), in this case is 7% + 1.4*(12.5% - 7%) = 14.3%.

Next, we calculate the expected dividend in the next year, which would be the recent dividend paid grown by the growth rate. That gives us $3.00 * 1.08 = $3.24.

The intrinsic value is calculated using the Gordon Growth Model which is the expected dividends divided by required rate of return minus the growth rate. Hence, the intrinsic value will be $3.24 / (14.3% - 8%) = $48.36.

Therefore, the option d) $48.36 is the correct answer.

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Which of the following best describes the concept of laissez-faire?

a.

Government should not intervene in the economy.
b.

Government should actively intervene in the economy whenever it judges the action to be beneficial.
c.

Government should intervene in the economy only to promote short-term economic stability.
d.

Government should intervene in the economy only to maximize long-term growth rates.
e.

Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.

Answers

Answer:

a.  Government should not intervene in the economy.

Explanation:

The concept of laissez-faire arose during the economic liberalism movement and promotes that the government should not intervene in the economy. According to laissez-faire, the main economic role of the government was to regulate and protect rights to private property.

Therefore, the answer is a.  Government should not intervene in the economy.

Final answer:

Laissez-faire is a principle of economic liberalism where government intervention in the economy is minimized, allowing individual economic interests to guide the market. It's best described by the statement: Government should not intervene in the economy.

Explanation:

The concept of laissez-faire is best described by option a: Government should not intervene in the economy. Originating from the French phrase that literally means 'let do', laissez-faire is a fundamental principle associated with economic liberalism, where the role of the government in the economy is minimized.

This economic ideology assumes that when individuals are free to pursue their own economic interests, the result is beneficial for society as a whole. In a laissez-faire system, the market is guided by the invisible hand of supply and demand, not by government intervention.

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JacksonJackson Bank lends JabbourJabbour Clothing Company ​$125 comma 000125,000 on September 1. JabbourJabbour signs a ​$125 comma 000125,000​, ​6%, six-month note. The journal entry made by JabbourJabbour on December​ 31, its fiscal​ year-end, is

Answers

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

           To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

A company works 320 days per year and has an annual demand of 2080 units of product desires to set an reorder point that will cover demand during lead time. If the lead time is 4 working days, what should the reorder point be? Group of answer choices

6.5 units
14 units
20 units
26 units
160 units

Answers

Answer:

D. Re-order point = 26 days

Explanation:

Given,

Annual Demand, D = 2,080 units

Number of working days = 320 days

Lead time = 4 days

We know,

Re-order point = (Annual demand/Number of working days)*Lead Time

Re-order point = (Annual demand/Number of working days)*Lead Time

Re-order point = (2,080/320)*4

Re-order point = (6.5*4)

Re-order point = 26 days

Therefore, the answer choice is D.

As there is no maximum and average lead time and no replenishment stock, I exclude the safety stock from the re-order point calculation.

How does a bond issuer decide on the appropriate coupon rate to set on its bonds?

Explain the difference between the coupon rate and the required return on a bond.

Answers

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Raytheon's State College location had a gross income of $20,000,000 in 2018. In 2018 they also paid $3,000,000 in employee salaries, $4,000,000 in operating and maintenance costs, $800,000 in depreciation expense, and $210,000 in insurance for manufacturing facilities. Calculate the net income of Raytheon State College for 2018.

Answers

Answer:

$11,990,000

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The computation of the net income is shown below:

= Gross income - employee salaries - operating and maintenance costs - depreciation expense -  insurance for manufacturing facilities

= $20,000,000 - $3,000,000 - $4,000,000 - $800,000 - $210,000

= $11,990,000

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