Cash-paying buyers bought products on February 10. $28,000 is deducted from Cash. Sales Revenue receives the same amount. The Cost of Goods Sold account is debited $23,000 and the Inventory account is credited the same amount.
February 1: MasterCard Receivable $75,000
Sales $75,000
Sales Cost $62,000
Inventory $62,000 Credit Card Cost $1,550
MasterCard Receivable $1,550
MasterCard sales were recorded on February 1. Sales Revenue is deducted and Accounts Receivable (MasterCard) is credited for $75,000. The Inventory account is credited and the Cost of Goods Sold account is debited $62,000 for the sold merchandise. MasterCard charges 2.5% of sales ($75,000 * 2.5% = $1,875) to the Credit Card Expense account. Since the fee is not paid immediately, it increases Accounts Receivable (MasterCard).
February 10: $28,000.
Sales $28,000
Sales Cost $23,000
Stock $23,000
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(answer needed asap)Snow Ltd is a small company that sells and
hires ski clothing to students going on school trips. Until now
they have operated on a cash basis. However, in the face of
competition f
Snow Ltd is a small company that sells and hires ski clothing to students going on school trips. In the face of competition from larger companies and the potential to increase sales, the company has decided to adopt a credit policy.
Snow Ltd is a small company that sells and hires ski clothing to students going on school trips. Until now, they have operated on a cash basis. However, in the face of competition from larger companies and the potential to increase sales, the company has decided to adopt a credit policy. They can generate more revenue and increase sales by allowing customers to buy on credit. Additionally, it will help to increase the customer base and provide a more convenient payment option for the customers. Although the company will incur more costs for credit checking and administration, it will increase its profitability and cash flow in the long run. On the other hand, the company may face challenges such as bad debts if the customers do not pay on time or at all. Therefore, they should have a clear credit policy in place, which includes credit terms, payment terms, credit limits, and credit control procedures. They should also conduct a credit check on the customers to ensure they are creditworthy and can afford to pay. Furthermore, they should monitor the customers' payment behavior and follow up with them if they do not pay on time. By doing so, the company can minimize the risk of bad debts and improve its cash flow.
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.All to quality to be Washington real estate commissioner all of the following require expect
A.an appointment by the governor.
B. least 5 years real estate experience.
C.by the local border
D.the a ability to serve six years term
To qualify to be Washington real estate commissioner, all of the following requirements must be met:
A. An appointment by the governor.
B. At least 5 years of real estate experience.
C. Approval by the local board.
D. The ability to serve a six-year term.
These four criteria need to be fulfilled in order to become the Washington real estate commissioner. First, the appointment by the governor signifies that the commissioner is chosen by the state's highest executive authority. Second, a minimum of 5 years of real estate experience ensures that the commissioner possesses a strong background and understanding of the industry. Third, the approval by the local board implies that there is a process of evaluation and assessment by a governing body responsible for overseeing real estate matters within the local jurisdiction. Lastly, the ability to serve a six-year term indicates the expected commitment and duration of service for the commissioner in their role. By meeting all of these requirements, an individual can qualify to serve as the Washington real estate commissioner and carry out the responsibilities associated with the position.
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Do you believe that it is fair for cities to make laws stating that essential workers within the retail arena must be paid an additional $4.00 or $5.00 per hour?
Yes, it is fair for cities to make laws stating that essential workers within the retail arena must be paid an additional $4.00 or $5.00 per hour.
In recent times, essential workers in the retail industry have played a critical role in ensuring the smooth functioning of our cities, even during challenging circumstances like the COVID-19 pandemic. These workers have faced increased health risks and put in extra effort to keep essential goods and services accessible to the public. Considering their invaluable contributions and the potential hardships they face, it is indeed fair for cities to implement laws mandating a higher wage for these essential workers.
By providing an additional $4.00 or $5.00 per hour, cities acknowledge the essential workers' efforts and aim to compensate them fairly for the vital services they provide. This extra compensation can help ease financial burdens, cover additional expenses related to safety measures, or provide much-needed support during these challenging times. It recognizes the sacrifices made by essential workers, many of whom had to work long hours, face potential exposure to the virus, and adapt to rapidly changing circumstances.
Moreover, implementing such laws can also have positive economic effects. When essential workers are fairly compensated, it can boost their morale, productivity, and job satisfaction. This, in turn, can contribute to a more stable and efficient retail sector, benefiting both the workers and the businesses. Additionally, increased wages for essential workers can stimulate local economies as these workers tend to spend their earnings in the communities where they live and work.
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for each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax.
The four types of environmental policies are command-and-control policies (regulation), tradable permit systems, corrective subsidies, and corrective taxes.
Command-and-control policies are regulations that set specific standards for pollution levels and require companies to meet those standards. Tradable permit systems allow companies to buy and sell permits that allow them to emit a certain amount of pollution.
Corrective subsidies are payments given to companies or individuals who engage in environmentally friendly practices. Corrective taxes are taxes placed on companies that emit pollution, with the goal of reducing the amount of pollution they produce. To determine which type of policy is being used, it is important to consider the specific measures being taken and the overall goal of the policy.
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Assume that a country is endowed with 8 units of all reserve. There is no oll substitute available. How long the oil reserve will last if (a) the marginal willingness to pay for oil in each period is given by P=8-0.579. (b) the marginal cost of extraction of oil is constant at $4 per unit, and (c) discount rate is 1%?
The equation of marginal willingness to pay for oil is given by P = 8 - 0.579. Let us calculate the Present Value of the oil price by discounting the marginal willingness to pay by the discount rate. The correct option is A.
Given data are marginal cost of extraction of oil = $4 per unit, reserve of oil = 8 units, and discount rate = 1%. The equation of marginal willingness to pay for oil is given by P = 8 - 0.579. Let us calculate the Present Value of the oil price by discounting the marginal willingness to pay by the discount rate.
Now, let us calculate the number of years the oil reserve will last. We use the formula for calculating the Economic Life of a Resource. Economic Life of a Resource = (Total Stock/Annual Flow) * [1 - (1 + r)-n]/r Where Total Stock = 8 units, Annual Flow = Marginal Cost = $4 per unit, r = 1%, and n = number of years.
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According to John Dunlop, an effective industrial relations system Multiple Choice involves participants with no common ideology eliminates conflict does not use tools such as collective bargaining О has no environmental context.
John Dunlop contends that a successful industrial relations system excludes methods like collective bargaining and engages players who do not share a same philosophy.
A framework for comprehending and evaluating industrial relations systems was put forth by John Dunlop, a noted expert in the topic. Dunlop asserts that a successful industrial relations system consists of a number of essential components. First of all, it incorporates people who do not share a single philosophy, bringing together many stakeholders with various perspectives and interests, including employers, employees, and government representatives.
Second, Dunlop claimed that mechanisms like collective bargaining are not the only thing an efficient industrial relations system needs. Although collective bargaining is a key tool for negotiating between employers and employees, Dunlop stressed the necessity for a wider range of organisations and mechanisms to resolve problems and conflicts at work.
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in professional sports, the commissioner has discretionary power in all of the following areas except:
Professional sports are sports played by professionals or paid athletes. These sports include basketball, football, baseball, soccer, tennis, golf, and many others.
The professional sports league has a commissioner, who has been elected or appointed to oversee the entire operation of the league. The commissioner has discretionary powers in several areas except one.The commissioner of a professional sports league is responsible for many things. One of the significant responsibilities of the commissioner is to act as an impartial arbitrator in cases of conflict. The commissioner has the power to sanction teams and players who breach the league's code of conduct, which can be detrimental to the league's overall reputation. Other discretionary powers of the commissioner include rule enforcement, league expansion, player contracts, salary caps, and the selection of team locations and logos, among others.However, there is one area where the commissioner does not have discretionary powers. That area is the authority to overturn a decision made by game officials during the game. The commissioner cannot overturn a decision made by game officials unless there is a compelling reason to do so, such as a violation of league rules. The commissioner's discretionary powers are crucial to the smooth operation of professional sports leagues. They help ensure the integrity of the league and provide a level playing field for all teams and players.
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The Change Analysis Paper (Milestone 1) is due this week. This paper should focus on evidence that demonstrates how the management of the organizations integrated one or more of the six images of managing change, how effective the change was, and what organizational management could have done differently to increase the probability of successfully implementing the strategic change initiative. Again, this is a compare and contrast paper, to include information about both companies in your team report. Research two publicly traded companies and compare and contrast their methods of handling a significant change in their organizations. Analyze and write about images of change in those organizations in a Change Analysis Paper ‐ Images of Change (Milestone 1, include four references). This component is due in Week 3
The Change Analysis Paper (Milestone 1) requires a thorough examination of two publicly traded companies and their approaches to managing significant organizational change.
The paper should focus on evidence that showcases how the management of these organizations integrated one or more of the six images of managing change, the effectiveness of the change, and potential strategies that could have improved the implementation of the change initiative.
To successfully complete this assignment, it is crucial to conduct comprehensive research on the selected companies and gather relevant information about their change initiatives. The paper should compare and contrast the methods employed by each company, highlighting the similarities and differences in their approaches to change management.
Furthermore, the analysis should delve into the specific images of change applied by each organization. The six images of managing change include director, navigator, caretaker, coach, interpreter, and nurturer. By examining which images were utilized, the paper can provide insights into the strategies employed by the companies and their effectiveness in facilitating change.
In addition to analyzing the companies' change initiatives, the paper should address any potential areas for improvement or alternative approaches that could have increased the probability of successful implementation. Drawing on scholarly references and industry sources will provide a solid foundation for the analysis and enhance its credibility.
By thoroughly investigating these aspects and incorporating the required four references, the Change Analysis Paper will offer a comprehensive comparison and evaluation of how the selected companies managed significant organizational change.
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Suppose that an auto company owned entirely by German citizens opens a new factory in Johor. What sort of foreign investment would this represent?
An auto company owned entirely by German citizens opens a new factory in Johor. This represents a German foreign direct investment (FDI) in Malaysia.
How is this investment categorized?If an auto company owned entirely by German citizens opens a new factory in Johor, it would represent a foreign direct investment (FDI) by Germany in Malaysia. Foreign direct investment refers to the investment made by a company or individual from one country into another country, with the purpose of establishing a lasting interest and significant control in a business enterprise located in the host country.
In this case, the German company's decision to open a factory in Johor indicates its intention to establish a long-term presence and exert control over the operations of the factory in Malaysia.
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Crane Company had sales in 2022 of $1,572,000 on 52,400 units. Variable costs totalled $576,400, and fixed costs totalled $874,700.
A new raw material is available that will decrease the variable costs per unit by 20% (or $2.20). However, to process the new raw material, fixed operating costs will increase by $31,000. Management feel that one half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 10% increase in the number of units sold.
Prepare a CVP income statement for 2022: (Round per unit cost to 2 decimal places, e.g. 15.25.)
(a) Assuming the changes have not been made:
CRANE COMPANY
CVP Income Statement (Unchanged)
choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022
Total
Per Unit
select a CVP income statement item Operating incomeFixed costsVariable costsSalesContribution margin
$enter a dollar amount $enter a dollar amount rounded to 2 decimal places
select a CVP income statement item Contribution marginVariable costsOperating incomeSalesFixed costs
enter a dollar amount
enter a dollar amount rounded to 2 decimal places
select a summarizing line for the first part Variable costsSalesFixed costsOperating incomeContribution margin
enter a total amount for the first part $enter a total amount per unit rounded to 2 decimal places
select a CVP income statement item SalesContribution marginVariable costsFixed costsOperating income
enter a dollar amount
select a closing name for this statement Variable costsFixed costsContribution marginOperating incomeSales
$enter a total amount for this statement
(b) Assuming that changes are made as described.
CRANE COMPANY
CVP Income Statement (with changes)
choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022
Total
Per Unit
select a CVP income statement item Operating incomeContribution marginFixed costsSalesVariable costs
$enter a dollar amount $enter a dollar amount rounded to 2 decimal places
select a CVP income statement item Variable costsFixed costsSalesContribution marginOperating income
enter a dollar amount
enter a dollar amount rounded to 2 decimal places
select a summarizing line for the first part Variable costsFixed costsContribution marginSalesOperating income
enter a total amount for the first part $enter a total amount per unit rounded to 2 decimal places
select a CVP income statement item SalesContribution marginOperating incomeFixed costsVariable costs
enter a dollar amount
select a closing name for this statement Operating incomeVariable costsFixed costsSalesContribution margin
$enter a total amount for this statement
a. Sales $1,572,000 $30.00, Variable costs $576,400 $11.00, Contribution margin $995,600 $19.00, Fixed costs $874,700, Operating income $120,900. b. Sales $1,729,200 $32.90, Variable costs $465,920 $8.90, Contribution margin $1,263,280 $24.00, Fixed costs $905,700, Operating income $357,580.
(a) Assuming the changes have not been made:
CRANE COMPANY
CVP Income Statement (Unchanged)
For the Year Ended December 31, 2022
Total
Per Unit
Sales $1,572,000 $30.00
Variable costs $576,400 $11.00
Contribution margin $995,600 $19.00
Fixed costs $874,700
Operating income $120,900
(b) Assuming that changes are made as described:
CRANE COMPANY
CVP Income Statement (with changes)
For the Year Ended December 31, 2022
Total
Per Unit
Sales $1,729,200 $32.90
Variable costs $465,920 $8.90
Contribution margin $1,263,280 $24.00
Fixed costs $905,700
Operating income $357,580
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- explain Wilcox and shepherd four reasons why businesses in
markets will fail to not consider the scarcity of resources and
explain each one of them ?
- what's meant by internalizing cost according
Wilcox and Shepherd identified four reasons why businesses in markets may fail to consider the scarcity of resources. These reasons include lack of information, incorrect pricing signals, time lags, and externalities.
Lack of information refers to situations where businesses may not have complete or accurate information about the availability or scarcity of resources. This can lead to inefficient resource allocation and failure to consider the true cost of using resources.
Incorrect pricing signals occur when the prices of resources do not reflect their true scarcity. Market prices may not accurately reflect the long-term sustainability of resource use, leading businesses to underestimate the scarcity and overconsume resources.
Time lags refer to the delay in recognizing the impact of resource depletion or scarcity. It takes time for businesses to realize the consequences of resource depletion and adjust their strategies accordingly. During this time lag, businesses may continue to exploit resources without considering their limited availability.
Externalities are the costs or benefits that are not reflected in market prices. Businesses may not fully account for the external costs associated with resource use, such as environmental damage or social impacts. This can result in overuse or depletion of resources without considering the broader social and environmental implications.
Internalizing costs refers to the concept of businesses incorporating the full costs of their activities, including external costs, into their decision-making processes. By internalizing costs, businesses consider the broader impacts of their actions and take responsibility for the external costs they impose on society or the environment.
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Every day, you and your best pal watch a TV show at the same time. To choose the next TV series that you're going to binge-watch during the era of social distancing you decide to use skHype™, a video-conferencing software, to play matching-pennies. On command, you each display the face of your coin. If the faces match (i.e. "heads, heads" or "tails, tails"), you win and your preferred show is chosen; if they do not match (i.e. "heads, tails" or "tails, heads") your friend wins and their preferred show is chosen. The payoff matrix is the following: Your BFF H T H 1,-1 -1, 1 T -1,1 1, -1 a) [5] Find the pure strategy Nash equilibria of this game. b) [5] If you always choose to play "heads", how will your friend respond? What is the payoff that you would expect to win, on average? c) [5] If you always choose to play "tails", how will your friend respond? What is the payoff that you would expect to win, on average? d) [10] Clearly state and derive the mixed strategy Nash equilibrium.
The given scenario involves a game of matching-pennies played between you and your friend to determine the next TV series to binge-watch during social distancing. The payoff matrix represents the outcomes of the game. The task is to find the pure strategy Nash equilibria, analyze the strategies when you always choose "heads" or "tails," and derive the mixed strategy Nash equilibrium.
a) The pure strategy Nash equilibria occur when both players choose the strategy that maximizes their payoff given the other player's strategy. In this case, there are two pure strategy Nash equilibria: (H, T) and (T, H), where each player has an equal probability of winning.
b) If you always choose to play "heads," your friend will respond by always playing "tails" since it maximizes their payoff. In this scenario, your expected payoff would be -1 on average since your friend always wins.
c) Similarly, if you always choose to play "tails," your friend will respond by always playing "heads" to maximize their payoff. In this case, your expected payoff would also be -1 on average.
d) The mixed strategy Nash equilibrium occurs when both players randomize their strategies. In this game, if you choose "heads" with probability p and "tails" with probability 1-p, your friend will respond by also choosing "heads" with probability q and "tails" with probability 1-q. The probabilities p and q will satisfy the condition that each player is indifferent between their choices.
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Meredith's Appliance Store has the following data for the items in its inventory at the end of the accounting period: Item Number of Units Historical Cost per Unit Selling Price per Unit Disposal Costs Window air conditioner 25 $180 $150 $45 Dishwasher 22 225 230 20 Refrigerator 35 420 450 25 Microwave 15 220 190 15 28 180 260 40 Washer (clothing) Dryer (clothing) 18 210 275 50 Required: 1. Compute the carrying value of Meredith's ending inventory using the lower of cost or market rule applied on an item-by-item basis. 2. Prepare the journal entry required to value the inventory at lower of cost or market. (Inventory adjustment to market value)
To compute the carrying value of Meredith's ending inventory using the lower of cost or market (LCM) we compare the historical cost per unit and the market value per unit for each item.
Here's the calculation for each item:
Window air conditioner:
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit) = 25 * Minimum($180, $150) = 25 * $150 = $3,750
Dishwasher:
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit) = 22 * Minimum($225, $230) = 22 * $225= $4,950
Refrigerator:
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit) = 35 * Minimum($420, $450) =35 * $420= $14,700
Microwave:
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit)= 15 * Minimum($220, $190)= 15 * $190= $2,850
Washer (clothing):
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit)= 18 * Minimum($210, $275)= 18 * $210= $3,780
Dryer (clothing):
Carrying value = Number of Units * Minimum(Historical Cost per Unit, Market Value per Unit)= 28 * Minimum($180, $260)= 28 * $180= $5,040
Journal Entry:
[Debit] Cost of Goods Sold
[Credit] Inventory
The amount of the adjustment is the difference between the historical cost and the carrying value for each item:
Window air conditioner:
[Debit] Cost of Goods Sold $450
[Credit] Inventory $450
Dishwasher: [Debit] Cost of Goods Sold $0
Refrigerator: [Debit] Cost of Goods Sold $0
Microwave: [Debit] Cost of Goods Sold $0
Washer (clothing): [Debit] Cost of Goods Sold $0
Dryer (clothing): [Debit] Cost of Goods Sold $0
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Developing a "Category Profile" includes all of the following steps EXCEPT:O Category segmentation. O Assess external market. O Identify spend characteristics. O Define spend category.
The steps that are involved in creating a Category Profile include Category Segmentation, Assess External Market, Identify Spend Characteristics, and Define Spend Category. Therefore, it is important to know that all the steps mentioned are included except none.
The "Category Profile" is a tool for procurement teams to help them better understand the purchasing categories. This profile usually includes information about the current state of the market, spend characteristics, and other relevant information. The following are the four steps involved in creating a Category Profile:Category Segmentation, Assess External Market, Identify Spend Characteristics, and Define Spend Category.The Category Profile is a crucial element in the procurement process. It helps procurement teams to identify the categories that are critical to their organization and the suppliers who are capable of providing the goods and services they require. The profile is usually based on a thorough analysis of market trends, supplier performance, and spend data. The Category Profile provides a detailed view of the market and the supplier base, which helps procurement teams to identify opportunities for cost savings and other efficiencies.However, among the four steps involved in creating a Category Profile, one of the steps is not included. The steps that are involved in creating a Category Profile include Category Segmentation, Assess External Market, Identify Spend Characteristics, and Define Spend Category. Therefore, it is important to know that all the steps mentioned are included except none.
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Following are several figures reported for PT and SS as of
December 31, 20x5:
Following are several figures reported for PT and SS as of December 31, 20x5: PT SS P400,000 P200,000 Inventory Sales 800,000 600,000 Investment income Not given Cost of goods sold 400,000 300,000 Ope
The figures reported for PT and SS as of December 31, 20x5 include inventory, sales, cost of goods sold, and investment income. The specific amounts are provided.
As of December 31, 20x5, the figures reported for PT and SS are as follows:
PT:
Inventory: P400,000
Sales: P800,000
Cost of goods sold: P400,000
SS:
Inventory: P200,000
Sales: P600,000
Cost of goods sold: P300,000
The figures indicate the financial status of PT and SS at the given date. Inventory represents the value of goods held by the organizations for future sales. Sales represent the total revenue generated from the sale of goods. Cost of goods sold represents the expenses incurred in producing or purchasing the goods sold. However, the investment income for PT and additional operational figures for both PT and SS are not provided in the given information. These figures are essential for a comprehensive analysis of the financial performance and operations of the organizations.
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This is regarding the Black-Scholes-Merton model
where r=0.15, sigma=0.3, S0=2 and B0=1, and the maturity date
(T) is 1 year.
Φ(ST) =S^9 + 9S
What is the price at time 0 of the MH derivative?
The price at time 0 of the MH derivative, based on the given parameters and payoff function Φ(ST), cannot be determined without additional information about the strike price and the specific form of the MH derivative.
In the given scenario, the payoff function Φ(ST) is defined as Φ(ST) = S^9 + 9S. However, the strike price for the MH derivative is not provided, which is necessary to calculate the option price using the Black-Scholes-Merton model. Additionally, the specific form of the MH derivative is not mentioned, which affects the pricing formula to be applied. Without this information, it is not possible to determine the price of the MH derivative at time 0. The pricing of a derivative instrument depends on various factors such as the underlying asset, strike price, maturity, and specific contract terms. Please provide additional details or specify the pricing formula for the MH derivative to obtain a more accurate price estimation.
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Gazal Company leases a machine from Areen Corp. under an agreement which meets the criteria to be a finance lease for Gazal. The six-year lease requires payment of $102,000 at the beginning of each year, including $15,000 per year for maintenance, insurance, and taxes. The incremental borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lessee. The present value of an annuity due of 1 for six years at 10% is 4.79079. The present value of an annuity due of 1 for six years at 8% is 4.99271, Gazal should record the leased asset at: A $434,366. B. $416,799. DC. $488,661. D. $509,256.
The present value of the lease payments at 10% can be calculated as follows:present value = $102,000 * 4.
to determine the correct amount at which gazal company should record the leased asset, we need to calculate the present value of lease payments.the lease agreement requires gazal company to make annual payments of $102,000 at the beginning of each year, which includes $15,000 for maintenance, insurance, and taxes. we need to calculate the present value of these payments using the appropriate discount rate.
the present value of an annuity due of 1 for six years at 10% is given as 4.79079. 79079 = $489,387.58
however, it is important to note that the present value of the lease payments should be adjusted to exclude the $15,000 component for maintenance, insurance, and taxes. , we need to subtract the present value of the maintenance payments as well.the present value of an annuity due of 1 for six years at 8% is given as 4.99271. hence, the present value of the maintenance payments at 8% can be calculated as:
present value of maintenance = $15,000 * 4.99271 = $74,890.65now, we can subtract the present value of the maintenance payments from the total present value of the lease payments:
leased asset value = present value - present value of maintenance = $489,387.58 - $74,890.65 = $414,496.93
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Which Jungian archetype is more relevant to the company LYFT and
why? Please talk about both sides of the coin regarding destructing
and constructing archetype parts.
500 words please
The Magician archetype is relevant to LYFT because it represents the company's transformative and innovative approach to transportation.
However, it's crucial to acknowledge the potential negative consequences and proactively address them to ensure a balanced and responsible approach to growth and societal impact.
LYFT, a ride-sharing company, can be associated with the Jungian archetype of the "Magician." The Magician archetype represents transformation, innovation, and the ability to create change. It aligns with LYFT's core mission of revolutionizing transportation by utilizing technology and creating a new paradigm in the industry.
On the constructive side, the Magician archetype reflects LYFT's ability to disrupt traditional transportation systems and provide an innovative solution to the needs of modern urban dwellers. LYFT's technological platform enables convenient, efficient, and accessible transportation, empowering individuals to move freely and seamlessly within their communities. This archetype also symbolizes LYFT's emphasis on progress, adaptability, and the capacity to evolve its services in response to changing market demands.
However, the destructive aspect of the Magician archetype should also be considered. LYFT's disruptive influence can have unintended consequences, such as increasing traffic congestion, negatively impacting public transportation systems, and potentially displacing traditional taxi drivers. The rapid expansion of ride-sharing services can also raise concerns about labor practices, regulatory compliance, and the long-term viability of the gig economy model.
To navigate these challenges, LYFT must remain conscious of the potential negative consequences of its actions and actively work towards mitigating them. It can do this by collaborating with municipalities to address traffic concerns, promoting responsible and sustainable transportation practices, and ensuring fair compensation and working conditions for its drivers. By integrating the constructive and destructive elements of the Magician archetype, LYFT can continue to innovate and transform the transportation landscape while responsibly managing the impact of its operations.
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Laureen Mauer's salary a year ago was $50,000. If inflation during the year was 4 percent in Tampa where she lives, how much of a decine in her purchasing p occurred? Enter the dollar answer as a posi
To calculate the decline in Laureen Mauer's purchasing power, we need to account for the inflation rate.
Given that the inflation rate was 4 percent, we can calculate the decrease in her purchasing power as follows: Inflation in dollars = Salary a year ago * Inflation rate = $50,000 * 0.04 = $2,000 Therefore, Laureen Mauer's purchasing power declined by $2,000.Subtract the increase in prices from the initial salary to find the decline in purchasing power: Decline in purchasing power = Salary a year ago - Increase in prices Decline in purchasing power = $50,000 - $2,000 Decline in purchasing power = $48,000.
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when it comes to learning from failure in the innovation process, pixar president ed catmull said,
Ed Catmull, president of Pixar, stated when it comes to learning from failure in the innovation process, "Mistakes are an inevitable part of innovation.
There's no development without failure."Therefore, to grow and improve, it is necessary to make mistakes in the innovation process. Mistakes are beneficial in learning, and they provide a stepping stone for success. By reflecting on the mistakes, you can understand the reasons for the error and the best ways to avoid it in the future. Ed Catmull advises that the key is to accept failure and learn from it. It is essential to create a safe working environment where individuals are encouraged to share their ideas, express their opinions, and make mistakes. Pixar makes use of various methods to promote this culture of innovation, including employee evaluations, brainstorming, and group collaborations. In conclusion, Ed Catmull emphasizes that failure is a necessary component of the innovation process, and it should be embraced as an opportunity to learn and improve.
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About Engineering Economy
Explain with a system modeling process diagram!
Provide an explanation of the implementation model in Quality Management such as the implementation model with the PDCA method.
Explain in your opinion what Economic Order Quantity (EOQ) is, and why is EOQ important and necessary for a company?
An medical equipment company requires a supply of 240,000 units of material
The price of the material needed is Rp. 2,000 / unit
In addition, the cost of ordering each time a material order is Rp. 150,000 For storage costs estimated at 25% of the average inventory
Question :
Calculate and determine:
a. Economic Order Quantity
b. How many times do you need to order in a year?
c. How many days do you order once a year?
Economic Order Quantity (EOQ) is calculated to be approximately 1,200 units. The company needs to place orders 200 times in a year, and they should order the material once every 1.825 days. These calculations help the company optimize inventory management, minimize costs, and ensure a smooth.
Economic Order Quantity (EOQ) is a calculation used in inventory management to determine the ideal order quantity that minimizes the total cost associated with ordering and holding inventory. It is based on the assumption that demand for a product is constant and known, and that the cost per unit supply chain/ and ordering cost remain consistent.
To calculate EOQ, the formula is as follows:
EOQ = sqrt((2 * Demand * Ordering Cost) / Holding Cost per Unit)
In the given scenario, the demand for the material is 240,000 units, the cost per unit is Rp. 2,000, and the ordering cost is Rp. 150,000. The holding cost is estimated at 25% of the average inventory cost.
a. Economic Order Quantity (EOQ):
EOQ = sqrt((2 * 240,000 * 150,000) / (2,000 * 0.25))
= sqrt(720,000,000 / 500)
= sqrt(1,440,000)
≈ 1,200 units
b. Number of times to order in a year:
The annual demand is 240,000 units, and the EOQ is 1,200 units. Therefore, the number of orders required in a year would be:
Number of orders = Annual demand / EOQ
= 240,000 / 1,200
= 200 times
c. Number of days between orders:
The company orders the material once a year, so the number of days between orders would be:
Number of days = 365 days / Number of orders
= 365 / 200
≈ 1.825 days
In summary, the Economic Order Quantity (EOQ) is calculated to be approximately 1,200 units. The company needs to place orders 200 times in a year, and they should order the material once every 1.825 days. These calculations help the company optimize inventory management, minimize costs, and ensure a smooth supply chain operation.
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31.In a letter of credit transaction, the seller takes far more risk than the buyer. True or false
32.Strategy is defined in our class as "a firm's theory of how to compete successfully.true or false
False. In a letter of credit transaction, both the buyer and the seller assume certain risks. The buyer is at risk of paying for goods that do not meet the agreed-upon specifications or are not delivered as expected. The seller, on the other hand, faces the risk of not receiving payment or encountering delays in payment. The letter of credit serves as a financial instrument that provides some level of protection for both parties involved in the transaction by ensuring that the payment is made upon fulfillment of specific conditions.
True. In the class context mentioned, strategy is defined as "a firm's theory of how to compete successfully." Strategy encompasses the decisions and actions a firm takes to achieve a competitive advantage and fulfill its long-term objectives. It involves analyzing the firm's internal capabilities and external environment to develop a unique position in the market. This theory of successful competition guides the firm in making choices regarding its target market, value proposition, resource allocation, and competitive tactics. By formulating and executing an effective strategy, a firm aims to outperform competitors and achieve sustainable success.
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What is six potential impacts on automotive industry in Malaysia
during pandemic covid-19? Make a 6 paragraph. (100 MARKS)
The COVID-19 pandemic has had a significant impact on various sectors, including the automotive industry in Malaysia. Here are six potential impacts on the automotive industry in Malaysia during the pandemic:
Decline in Vehicle Sales: With the implementation of lockdowns and movement restrictions, consumer spending and purchasing power were significantly affected. This led to a decline in vehicle sales as people postponed or canceled their plans to buy new cars. The automotive industry in Malaysia witnessed a sharp decline in demand, resulting in lower sales and revenue for manufacturers and dealers.
Disruption in Supply Chains: The pandemic caused disruptions in global supply chains, including the automotive industry. Malaysia heavily relies on imported components and parts for vehicle manufacturing. Lockdown measures and restrictions on international trade disrupted the supply chains, leading to shortages of essential components and delays in production. This disrupted production schedules and affected the overall efficiency of the industry.
Production Challenges: The implementation of strict health and safety protocols to contain the spread of the virus posed significant challenges for automotive manufacturers. Maintaining physical distancing, implementing additional sanitization measures, and ensuring the safety of the workforce required adjustments in production processes. These measures, along with labor shortages due to quarantine or fear of infection, resulted in reduced production capacity and output.
Financial Stress for Industry Players: The decline in vehicle sales and disruptions in supply chains put financial stress on automotive industry players in Malaysia. Reduced revenue and increased costs due to safety measures and production adjustments strained the financial stability of manufacturers, suppliers, and dealerships. Many companies faced liquidity challenges, job cuts, and even closures, impacting the overall industry ecosystem.
Shift in Consumer Preferences: The pandemic and associated economic uncertainties altered consumer preferences and behavior. People became more conscious of their spending and prioritized essential needs. This shift in consumer behavior resulted in a higher demand for more affordable and fuel-efficient vehicles. Electric vehicles and hybrid models also gained some traction as people showed interest in environmentally friendly options.
Increased Focus on Online Sales and Services: As physical showrooms and dealerships faced restrictions or reduced footfall, the industry saw an accelerated shift towards online sales and services. Automotive companies started leveraging digital platforms for marketing, virtual showrooms, and contactless transactions. Online platforms became essential for communication, sales inquiries, and even vehicle servicing, providing a new avenue for the industry to engage with customers.
These six potential impacts on the automotive industry in Malaysia during the COVID-19 pandemic highlight the challenges and changes faced by industry players. However, it is important to note that the situation is dynamic, and the industry is adapting to the new normal by exploring innovative solutions and strategies to navigate these challenges and ensure a sustainable future.
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Pegasus Telecommunications Ltd (PTL) is considering rolling out a new cable Internet service, PTL is a taxable publicly listed corporation operating in Australia. PTL’s management is in the process of analyzing the project using the NPV method, and as a junior analyst you have been asked to gather the relevant information. For each of the following items explain briefly (no more than 1 sentence) why that item is or is not relevant to the NPV computation
A. PTL headquarters allocate central company costs to departments at a rate of $5,000 per employee per year
B. PTL’s bank will charge an interest of 12% p.a. compounded monthly on the loan required to purchase the necessary hardware
NPV or Net Present Value is a financial calculation that shows the present value of cash inflows and outflows of a project. This method uses a discounted cash flow approach to determine whether an investment will yield positive or negative results.
The following are brief explanations of why each of the given items is or is not relevant to the NPV calculation for Pegasus Telecommunications Ltd (PTL): A. PTL headquarters allocate central company costs to departments at a rate of $5,000 per employee per year:This item is relevant to the NPV calculation because it's an additional cost that needs to be included in the analysis. Since the company has allocated costs per employee, this amount must be added to the cash outflows of the project.B. PTL’s bank will charge an interest of 12% p.a. compounded monthly on the loan required to purchase the necessary hardware:This item is relevant to the NPV calculation because it affects the cash outflows of the project.
The interest charged by the bank will be added to the cost of purchasing the hardware. This higher cash outflow will reduce the NPV of the project.
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Which of the following statements is not one of the factors that are taken into account in deciding whether or not goods are of acceptable merchantable quality?
The statement that is not considered one of the factors that determine if goods are of acceptable merchantable quality is "The reputation of the manufacturer.
"What is merchantable quality?Merchantable quality refers to the quality of goods that are fit for the purpose for which they were intended, as well as the marketable and salable aspects of the goods. It also involves the standard of the quality that a reasonable person would anticipate in comparable goods sold by other merchants in the market. Additionally, it is the vendor's warranty or guarantee that the product conforms to the required standards.Factors considered in determining if goods are of acceptable merchantable qualityThe factors that are taken into account in deciding whether or not goods are of acceptable merchantable quality are:Quality: The goods must be of sufficient quality and free from defects that would render them unsuitable for their intended use.Appearance: The goods must be of acceptable appearance, packaging, labeling, and display.Safety: The goods must be safe for their intended use and any other reasonably foreseeable uses, taking into account the information available from the manufacturer, the nature of the goods, and any other relevant information.Price: The price charged for the goods must be reasonable and consistent with the price charged by other merchants for comparable goods in the market.
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The income earned by the buyer is not one of the factors that are taken into account in deciding whether goods are of acceptable merchantable quality. Thus, option C is correct.
When deciding if a product is of merchantable quality, the following elements are frequently taken into account:The cost of the items: The cost of the goods is important because it establishes expectations for the quality of the goods. In general, consumers assume that products costing more would be of higher quality.The way the things were described: The written or verbal description offered by the seller should accurately depict the goods. If the products don't fit the description, it can compromise their marketability.The buyer's income is not often taken into account when deciding whether a product is of merchantable quality. Instead, attention should be paid to the precise features and qualities of the goods itself as well as any explicit promises made by the seller.
Therefore, option C is correct.
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The complete question is:
Which of the following statements is not one of the factors that are taken into account into deciding whether goods are of ‘acceptable merchantable quality’?
The price paid for the goods.The way the goods were described.The income earned by the buyer.The purpose of the goods as made known to the sellerQUESTION 1.300.000 Patent accountable Patient service revenue a Provision for contractual adjustments 400,000 b. 100.000 Provision for contractual adjustments Patient accounts receivable 25.000 e Provision for uncollectible accounts Allowance for uncollectible receivables d Provision for charity care 200.000 Patient accounts receivable 2 Inventories 56,000 Accounts payable 3 2,140,000 200.000 Health care services General expenses Administrative expenses Accounts payable 90,000 Cash-ursing education Cash 30,000 Unrestricted fund balance 30,000 Unrestricted fund balance designated for nursing educ Premium revenue Cash Allowance for uncollectible receivables 13,000 Patient accounts receivable 1.900,000 Accounts payable Cash Health care services 30.000 20,000 General expenses Inventories 40.000 10,000 Depreciation expense-building Depreciation expense-equipment Accumulated depreciation building Accumulate depreciation-quipmene 100,000 10. Bonds payable Interest expense 120.000 Cash Bonds payable 100,000 Cument portion of bonds payable 11. Health care services 50,000 Claims payable 12. Provision for contractual adjustments 40.000 Required 1. Post the journal entries to the accounts 2. Prepare the Statement of Revenues, Expenses, and Changes in Net Position 5 6. 7. 8 Estimated third-party payer settlements 1.300.000 400.000 100,000 200.000 56,000 2.430.000 30.000 30,000 300,000 300.000 2.200.000 2.213.000 1.900.000 50.000 40.000 50,000 220.000 100.000 50.000 40.000
1. Journal Entries to the accounts :
Date Account Titles Debit Credit
1 Patient service revenue $3,000,000
Provision for contractual adjustments $400,000
Estimated third-party payer settlements $1,300,000
Accounts Receivable - Patients $2,300,000
2 Provision for contractual adjustments $100,000
Patient accounts receivable $25,000
Allowance for uncollectible accounts $75,000
3 Provision for uncollectible accounts $200,000
Allowance for uncollectible receivables $200,000
4 Inventories $56,000
Accounts payable $56,000
5 Health care services $2,140,000
General expenses $200,000
Administrative expenses $90,000
Accounts payable $2,430,000
6 Cash $30,000
Unrestricted fund balance $30,000
Unrestricted fund balance designated for nursing educ $30,000
Cash-ursing education $30,000
7 Premium revenue $1,900,000
Allowance for uncollectible receivables $13,000
Patient accounts receivable $1,913,000
8 Health care services $30,000
Cash $30,000
9 Accounts payable $20,000
Inventories $40,000
Cash $60,000
10 Depreciation expense-building $100,000
Depreciation expense-equipment $10,000
Accumulated depreciation building $100,000
Accumulated depreciation equipment $10,000
11 Bonds payable $100,000
Interest expense $120,000
Cash $220,000
12 Health care services $50,000
Claims payable $50,000
13 Provision for contractual adjustments $40,000
Estimated third-party payer settlements $40,000
2. Statement of Revenues, Expenses, and Changes in Net Position:
Total Revenues $4,900,000
Less:
Contractual adjustments $500,000
Provision for contractual adjustments $540,000
Provision for uncollectible accounts $200,000
Charity care $200,000
Net patient service revenue $3,460,000
Operating Expenses
Salaries and benefits $1,180,000
Supplies $800,000
Depreciation $110,000
Interest expense $120,000
Total operating expenses $2,210,000
Operating income $1,250,000
Other revenue (expenses)
Interest revenue $0
Net non-operating revenue (expense) $0
Change in net position $1,250,000
Net position – beginning of year $7,000,000
Net position – end of year $8,250,000
Note: It should be noted that to arrive at the Net Patient Service Revenue, we have to add up the Patient service revenue, Provision for contractual adjustments, and estimated third-party payer settlements.
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Calculate the yield to maturity (YTM) for a zero coupon bond, if
the bond are traded for 86160 SEK today and the time to expiration
is 3 year(s). The face value of the bond is 100000 SEK. (Answers
are
YTM = (100000 / 86160)^(1/3) - 1YTM = (1.1608)^(1/3) - 1YTM = 0.0388 or 3.88%Therefore, the yield to maturity for the given zero coupon bond is 3.88%.
Yield to maturity (YTM) for a zero coupon bond is calculated using the following formula:
YTM = (Face value / Bond price)^(1/n) - 1
where,Face value = 100000 SEK
Bond price = 86160 SEK
Time to expiration = 3 years = Time to maturity in terms of number of periods = 3 periods as the bond matures in 3 years
Now, substituting the given values in the formula, we get:
YTM = (100000 / 86160)^(1/3) - 1YTM = (1.1608)^(1/3) - 1YTM = 0.0388 or 3.88%Therefore, the yield to maturity for the given zero coupon bond is 3.88%.
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Jim, a single taxpayer, bought his home 20 years ago for $25,000. He has lived in the home continuously since he purchased it. In 2020, he sells his home for $300,000. What is Jim's taxable gain on the sale?
Group of answer choices
$25,000
$125,000
$275,000
$0
Jim's taxable gain on the sale of his home would be $50,000.
To calculate Jim's taxable gain on the sale of his home, we need to consider the concept of capital gains and the tax rules related to the sale of a primary residence.
In the case of a primary residence, individuals may be eligible for a tax exclusion known as the "Home Sale Exclusion" or "Principal Residence Exclusion." This exclusion allows taxpayers to exclude a certain amount of the gain from the sale of their home from their taxable income.
For a single taxpayer like Jim, the Home Sale Exclusion allows him to exclude up to $250,000 of the gain from the sale of his primary residence. However, to qualify for this exclusion, certain criteria must be met, such as owning and using the home as a primary residence for at least two out of the five years preceding the sale.
Given that Jim has owned and lived in the home continuously for 20 years, he meets the criteria for the Home Sale Exclusion. Therefore, he can exclude up to $250,000 of the gain from the sale of his home from his taxable income.
Since the gain on the sale of Jim's home is $300,000, and he can exclude $250,000 under the Home Sale Exclusion, the taxable gain would be the remaining amount:
Taxable gain = Gain on sale - Exclusion amount
= $300,000 - $250,000
= $50,000
Therefore, Jim's taxable gain on the sale of his home would be $50,000.
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(a) Suppose that the economy is characterised by the following equations:
C= 20 + 0.8Yd
I = 20
G = 80
T = 40
Where C is consumption, I is investment, G is government spending, Yd is disposable income and T denotes taxes. Note that values are in £.
Using the product market model, estimate:
(i) the multiplier
(ii) equilibrium GDP (Y)
(iii) disposable income (Yd)
(iv) consumption spending (C)
(b) Using the standard IS-LM model, discuss the effects of a decline in interest rate on output and its composition. Use appropriate diagrams for your answer.
(a) (i) MultiplierThe formula for the multiplier is given as follows:1 / (1 – MPC)where MPC is the marginal propensity to consume, which is 0.8 in this case.
Multiplier = 1/(1-0.8) = 5(ii) Equilibrium GDP (Y)The formula for equilibrium GDP is given as follows:Y = C + I + G + NXwhere NX = 0 (given)Y = C + I + G = 20 + 0.8Yd + 20 + 80Y = 120 + 0.8YdSolving for Y,Y = (120 + 0.8Yd)/0.2 = 600 + 4Yd(iii) Disposable income (Yd)The formula for disposable income is given as follows:Yd = Y – TA 40 tax means that T/Y = 40/YTherefore, Yd = Y – T = Y – (40/Y)Yd = Y – 40(iv) Consumption spending (C)C = 20 + 0.8Yd = 20 + 0.8(Y – 40) = 20 + 0.8Y – 32 = 0.8Y – 12
(b) The decline in interest rate will have the following effects on output and its composition:The decline in interest rates shifts the IS curve to the right as shown in the diagram below:Figure: Effects of a decline in interest rate on the IS curveDue to the shift in the IS curve, the new equilibrium level of output is higher than the initial equilibrium level of output. This is shown in the diagram below:Figure: Effects of a decline in interest rate on output and its compositionThe decline in interest rate increases investment (I), which increases output and decreases the interest rate. The decrease in interest rates also reduces the cost of borrowing, which increases consumption spending (C).The increase in output is the result of an increase in both consumption spending and investment spending.
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Which of the following alternatives represents the correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022?
a. 11 600
b. 0
c. (11 600)
d. (16 100)
e. 16 100
The correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022 is (11 600).
Explanation: Statement of cash flows A statement of cash flows shows the inflows and outflows of cash and cash equivalents of a business for a given period, typically a month or a year. A statement of cash flows can be divided into three sections: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. The statement of cash flows reveals how cash and cash equivalents have been created or consumed during a given period. The correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022 is (11 600). This is based on the following calculation: Loans advanced to directors = R23 200 Loans received from directors = R11 600 Net loans advanced to directors = R11 600. The net amount of the loan is included as a decrease in cash inflows in the cash flow from operating activities section.
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