Answer:
renting an apartment
Explanation:
A lease refers to a business agreement that allows for a resource to be used by the lessee (user) to compensate the lessor (owner). Land, houses, and automobiles are commonly leased assets. In addition, manufacturing or business machinery is rented.
A lease agreement , generally speaking, relates to a contract around two sides, the leaseholder and the tenant. The lessor is indeed the rightful holder of the commodity; in exchange for periodic rental pays, the lessee gets the opportunity to use the resource.
The lessee, therefore, intends to comply with different conditions with respect to their being the estate or facilities. Thus, from the above we can conclude that the correct option is E.
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead):
Plus Max
Units produced 200 16,000
Batch size (units) 10 400
Number of setups 20 40
Direct labor hours per unit 5 5
Total direct labor hours 1,000 80,000
Cost per setup $1,080
Total setup cost $64,800
With traditional two-stage allocation of overhead costs, using direct labor hours as the allocation base, the setup cost portion of overhead that is allocated to each unit of product for Plus and Max, respectively is:
Final answer:
The setup cost allocated to each unit of Plus and Max products is $3.60, calculated by dividing total setup cost by total direct labor hours and then multiplying by the direct labor hours per unit.
Explanation:
The student's question pertains to the allocation of setup costs to products in a traditional two-stage cost allocation system using direct labor hours as the basis. To find the setup cost allocated to each unit of product Plus and Max, we need to divide the total setup cost by the total direct labor hours and then allocate that cost per labor hour to each product based on the number of direct labor hours per unit.
First, calculate the setup cost per labor hour: $64,800 / (1,000 Plus hours + 80,000 Max hours) equals $0.72 per labor hour. Now, allocate this per hour cost to each unit of product by multiplying by the amount of direct labor hours per unit, which in both cases is 5. Thus, the setup cost allocated to each unit of Plus and Max is $0.72 x 5, which equals $3.60.
This simple numerical example is similar to the provided reference information, which discusses how total costs consist of fixed plus variable costs and how the average total cost (ATC) is affected by different production scales and methods, similar to the setup costs associated with Plus and Max.
Final answer:
The setup cost portion of overhead allocated to each unit of product for both Plus and Max is $4.00, calculated by using direct labor hours as the allocation base for traditional two-stage overhead costing.
Explanation:
In order to calculate the setup cost portion of factory overhead that is allocated to each unit of product for Plus and Max using a traditional two-stage allocation method with direct labor hours as the allocation base, we first need to determine the total direct labor hours and the overhead allocation rate per labor hour.
The total direct labor hours are given as 1,000 for Plus and 80,000 for Max, which sums up to 81,000 hours. The overhead allocation rate per labor hour is calculated by dividing the total setup cost ($64,800) by the total direct labor hours (81,000 hours), resulting in an allocation rate of $0.80 per direct labor hour.
To find the setup cost allocated to each unit of Plus and Max, we multiply the allocation rate by the direct labor hours per unit, which is 5 hours for both products. Hence, the setup cost allocated to each unit is $4.00 for Plus (5 hours × $0.80) and $4.00 for Max (5 hours × $0.80).
Thus, the setup cost portion of overhead allocated to each unit of product for Plus and Max is $4.00 respectively, based on direct labor hours.
Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negotiate a commercial real estate deal. Based on what you know about high and low context differences between the United States and China, what should you avoid doing?
Multiple Choice:A. discussing non-business-related topicsB. relying on situational cuesC. quickly getting down to businessD. shaking hands after the negotiations are completeE. dressing in formal attire
In China, a high-context culture, it's important to avoid quickly getting down to business, instead focusing on building relationships and trust.
Explanation:When traveling to China from the United States to negotiate a commercial real estate deal, it is important to be aware of the cultural differences between high and low context cultures. In this scenario, the answer is C. quickly getting down to business. High-context cultures, like China, value relationships and trust-building, which often involve non-business related interactions and a slower approach to business dealings. Therefore, as a Starbucks executive, you should avoid the tendency of low-context cultures like the U.S., which is to quickly get down to business without adequate relationship-building. Other professional behaviors such as dressing in formal attire and shaking hands after negotiations could be appropriate depending on the specific circumstances and the preferences of the Chinese counterparts.
SIROM Scientific Solutions has $12 million of outstanding equity and $4 million of bank debt. The bank debt costs 4% per year. The estimated equity beta is 1. If the market risk premium is 8% and the risk-free rate is 4%, compute the weighted average cost of capital if the firm's tax rate is 30%.
A) 9.70 %
B) 8.73 %
C) 10.67%
D) 9.22%
Answer:
WACC = 9.7%
Explanation:
First lets calculate CAPM to identify the return on equity.
CAPM = Risk free rate + Beta(Market Premium)
CAPM = 4 + 1(8) = 12%
WACC
= weight of equity * return on equity + weight of debt * return on debt * (1 - tax)
This gives,
=(12/12+4) * 0.12 + [(4/12+4) * 0.04 * (1 - 0.30)]
WACC = 0.09 + 0.007 = 9.7%
Hope that helps.
Answer: A) 9.7%
Explanation:
Bank debt cost= bank rate debt
Cost equity = free risk rate + equity beta × market risk premium.
Weight in equity = outstanding equity / (outstanding equity + debt)
Weight in debt = 1 - weight in equity.
WACC = weight in equity × cost of equity + weight in debt × cost of debt × (1 - tax rate)
Cost of equity = 0.04 + 1 × 0.08= 0.12
weight in equity= 12 / (4 + 12) = 0.75 weight in debt = 1 - 0.75 = 0.25
WACC= 0.75 × 0.12 + 0.25 × 0.04 × (1 - 0.30) = 0.097 * 100 = 9.7%
Otto Enterprises has a bond issue outstanding with a coupon of 8 percent that matures in 15 years. The bond is currently priced at $923.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?a. 8.67%b. 9.93%c. 9.16%d. 8.93%e. 8.45%
Answer:
Year Cashflow DF@7% PV DF@9% PV
$ $ $
0 (923.60) 1 (923.60) 1 (923.60)
1-15 80 9.1079 728.63 8.0607 644.86
15 1,000 0.3624 362.40 0.2745 274.50
NPV 167.43 NPV (4.24)
Kd = LR + NPV1/NPV1+NPV2 x (HR – LR)
Kd = 7 + 167.43/167.43 + 4.24 x (9 – 7)
Kd = 7 + 167.43/171.67 x 2
Kd = 8.95%
The yield to maturity is approximately 8.95%
The correct answer is D
Explanation:
The yield to maturity of the bond is calculated by applying internal rate of return formula. The current market price of the bond is the cashflow for year 0. The coupon on the bond (R = 8% x $1,000) is the cashflow for year 1 to 15 and the cashflow for year 15 is the face value.
All cashflows are discounted at 7% and 9% discount rates. The net present values were obtained by deducting the present value in year 0 from the present value of year 1 to 15.
Finally, the yield to maturity is calculated by applying the interpolation formula stated above, where LR denotes the lower discount rate, HR represents the higher discount rate, NPV1 refers to the positive NPV and NPV2 refers to the negative NPV.
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,800 helmets, using 2,774 kilograms of plastic. The plastic cost the company $18,308. According to the standard cost card, each helmet should require 0.67 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,800 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,800 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?
Answer:
1. Standard quantity of kilograms
= 0.67 kg x 3,800
= 2,546 kg
2. Standard material cost allowed to make 3,800 helmets
= 0.67 x $7 x 3,800
= $17,822
3. Material spending variance $
Standard material cost 17,822
Less: Actual material cost 18,308
486(U)
4. Material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($7 - $6.599855804) x 2774 kg
= $1,110(F)
Actual price
= Actual material cost
Actual quantity purchased
= $18,308
2,774 kg
= $6.599855804
Material usage variance
= (Standard quantity - Actual quantity used) x Standard price
= (2,546 - 2,774) x $7
= $1,596(U)
Explanation:
Material spending variance is the difference between standard material cost and actual material cost. Material price variance is the difference between standard price and actual price multiplied by actual quantity purchased. Material usage variance is the difference between standard quantity and actual quantity used multiplied by standard price. Actual price is actual material cost divided by actual quantity purchased. Standard quantity is calculated as standard quantity per unit multiplied by actual output.
A property is sold for $150,000 with the buyer agrees to assume an existing loan of $98,000 and executing a second note and deed of trust to the seller for $30,000. The purchase contract states that the unpaid balance of any existing loan is approximate and at closing any differences shall be reflected in cash. If the buyers closing costs are $2,500 and the remaining balance of the first loan is $89,800, what is the total cash due from the buyer at closing?
Final answer:
To calculate the total cash due from the buyer at closing, subtract the existing loan amount and second note and deed of trust from the purchase price, subtract the remaining balance of the first loan, and add the buyer's closing costs.
Explanation:
To calculate the total cash due from the buyer at closing, we need to consider the purchase price, the existing loan amount, the second note and deed of trust, and the buyer's closing costs. First, we subtract the existing loan amount of $98,000 and the second note and deed of trust of $30,000 from the purchase price of $150,000. This leaves us with $22,000. Then, we subtract the remaining balance of the first loan, which is $89,800. Finally, we add the buyer's closing costs of $2,500 to get the total cash due from the buyer at closing, which is $35,500.
Multinational forces interact with a variety of entities requiring unified actions. These entities include, but are not limited to, _____.
a. for profit relief agencies
b. non state actors
c. local media agencies
d. intergovernmental organizations (IGOs)
Answer:
d. intergovernmental organizations (IGOs)
Explanation:
Multinational forces cannot interact with for-profit relief agencies or local media agencies that require unified actions. The reason behind not choosing those agencies is that the agencies cannot command as a unified action. Multinational forces can only interact with the international government organization. Therefore, option D is the correct answer.
Through which of the following strategies has the Navy adopted, which advanced the concept of combat operations in littoral waters
Answer:
The correct answer is letter "C": "From the Sea" and later "Forward from the Sea".
Explanation:
The U.S. Navy published in 1992 "...From the Sea" where they stated their vision on the naval service for the 21st century. Later on, in 1994, the Navy reshaped their initial guidelines with "Forward ... From the Sea" keeping core values like operational primacy, leadership, teamwork, and pride to ensure national security.
d) Forward...From the Sea; The strategy that advanced the concept of combat operations in littoral waters for the Navy is Forward...From the Sea. This approach enhances power projection, adaptability, and capability in near-shore environments. It is crucial for addressing threats in congested and contested maritime regions.
Combat Operations in Littoral Waters:
The strategy that advanced the concept of combat operations in littoral waters for the Navy is Forward...From the Sea. This strategic concept was developed to enhance the Navy's ability to project power and conduct operations in coastal regions, maximizing the effectiveness of naval and Marine Corps forces in littoral, or near-shore, environments.
The Forward...From the Sea strategy emphasizes the importance of power projection from the sea, adaptability in volatile coastal regions, and the ability to conduct a wide range of military operations. This approach is crucial for addressing threats and maintaining security in littoral waters, which are often characterized by congested and contested maritime domains.
Examples of Littoral Warfare:
Island hopping in the Pacific during World War II, where the U.S. Navy and Marine Corps captured strategically located islands to push towards Japan.Modern operations that involve amphibious assaults, naval gunfire support, and joint operations with allied navies in coastal regions.Complete Question:
Through which of the following strategies has the Navy adopted, which advanced the concept of combat operations in littoral waters?
a) Joint Vision 2020
b) Air-Sea Battle
c) From the Sea
d) Forward...From the Sea
Sales revenue $900,000 Cost of goods sold 625,000 Sales discounts 30,000 Sales returns and allowances 15,000 Operating expenses 99,000 Interest revenue 6,500 What is the gross profit?
A. $130,000
B. $120,000
C. $230,000
D. $300,000
Answer:
Correct answer is C, $230,000
Explanation:
Gross profit is the amount we derived after we deduct cost of goods sold to the net sales revenue.
First, we must compute the Net sales revenue.
Sales Revenue $900,000
Less:
Sales discounts $30,000
Sales returns and allowances $15,000
Net Sales $855,000
Next, We deduct cost of goods sold to net sales revenue in order for us to arrive the gross profit of the period.
Net sales $855,000
Less
Cost of goods sold $625,000
GROSS PROFIT MARGIN $230,000
Answer:
The gross profit is: C.$230,000.
Explanation:
The gross profit is determined by deducting Cost of good sold from Net sales.
Net Sales is net amount of sales in the period, that is, after taken away Sales Discounts, Sales returns and allowances from Gross Sales. So, we have Net Sales calculated as $900,000 - $30,000 - $15,000 = $855,000.
As a result, Gross profit = Net Sales - Cost of good sold = $855,000 - $625,000 = $230,000.
Operating expenses and Interest revenue is irrelevant in Gross profit determination. These expense item and income item will be taken into account when calculating Net Profit.
Thus, the answer is C.$230,000.
BSU Inc. wants to purchase a new machine for $35,500, excluding $1,400 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $2,200, and BSU Inc. expects to sell it for that amount. The new machine would decrease operating costs by $7,500 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value.
(a) Determine the cash payback period. (Round cash payback period to 1 decimal place, e.g. 10.5.)
(b) Determine the approximate internal rate of return. (Round answer to 0 decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
(c) Assuming the company has a required rate of return of 6%, determine whether the new machine should be purchased.
The cash payback period for the new machine is 4.6 years. The exact internal rate of return (IRR) may require additional data to calculate. However, the new machine should be purchased if the IRR exceeds the firm's required rate of return of 6%.
Explanation:The subject of this question is related to the basic principles of financial management, specifically concepts of capital budgeting. Let's address each question individually:
a. The cash payback period refers to the time it takes for a company to recover its initial investment. In this case, the cash outflow is the cost of the new machine plus installation costs minus the resale value of the old machine, which amounts to $35,500 + $1,400 - $2,200 = $34,700. We decrease the operating costs by $7,500 each year. Thus the cash payback period is $34,700 / $7,500 = 4.6 years.
b. Internal Rate of Return, or IRR, refers to the discount rate at which the net present value of the cash flows equals zero. It is often computed iteratively or using computer algorithms. Without a factor table or other direct means of calculating, accurate determination might not be feasible without additional data. However, note that the IRR is generally used to compare returns with other investment alternatives on a per year basis.
c. The company will purchase the new machine if the IRR exceeds the required rate of return (6%) because it shows that the machine is expected to generate a return greater than the minimum required return by the firm. As long as the IRR is higher than 6%, purchasing the machine is financially justifiable.
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Which statement most accurately describes the FDIC's auditor independence requirements? a.FDIC independence requirements incorporate requirements for attorneys and actuaries.b.FDIC independence requirements mirror the AICPA and DOL independence rules.c. Certain FDIC policy statements address auditor independence.d.The FDIC has not adopted regulations that incorporate SEC independence rules.
Answer:
c. Certain FDIC policy statements address auditor independence.
Explanation:
Options A and B are wrong because option A suggests that the requirements are for attorneys and actuaries, while option B tells the FDIC rules are copying from AICPA and DOL independence rules. In both cases, it contradicts from FDIC's auditor independence. Option "D" is wrong because FDIC has originally adopted regulations that incorporate SEC rules.
Since all the options are wrong, the option "C" is correct because some of the FDIC policies are addressing the auditors' independence.
The statement that most accurately describes the FDIC's auditor independence requirements is that the certain FDIC policy statements address auditor independence.
What makes an audits effective?In order for an audits to be effective, the external auditors appointed must be independent in both fact and appearance.
The external auditors must perform all necessary procedures to comply with auditing and attestation standards.
Therefore, the Option C is correct.
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You have noticed that paying higher wages attracts more productive employees. However, you are concerned that there may be a limit to this relationship. Some experimentation has convinced you that the relationship between daily wages paid (x) and profits can be modelled by the equation Profit = 50x − 0.5x2 + .001x3 + 200. The range of wages you are willing to consider is from $0 to $500 per day. Determine the level of wages that will maximize profit.
Answer:
The level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Explanation:
For this case we have the following function:
[tex] p(x)= 50x -0.5x^2 +0.001x^3 +200[/tex]
Where x represent the daily wages paid [tex]0 \leq x \leq 500[/tex], and p(x) the profit, the objective is maximize this function, and in order to do this the first step is derivate the function respect to x and we got this:
[tex]\frac{dp}{dx}=50-x+0.003x^2[/tex]
As we can see we have a quadratic equation now we need to set up equal the derivate obtained to 0 and then solve for the critical points, like this:
[tex]\frac{dp}{dx}=0.003x^2 -x +50 =0[/tex]
We can use the quadratic formula given by:
[tex]x =\frac{-b \pm \sqrt{b^2 -4ac}}{2a}[/tex]
And for this case a=0.003 , b=-1 , c =50
Replacing this we got :
[tex]x =\frac{-(-1) \pm \sqrt{(-1)^2 -4(0.003)(50)}}{2(0.003)}[/tex]
[tex] x = \frac{1 \pm \frac{\sqrt{10}}{5}}{0.006}[/tex]
And we got:
[tex] x_1 =61.257 , x_2= 272.076[/tex]
Now we need to find the second derivate, like this:
[tex] \frac{d^2p}{dx^2}=0.006x-1[/tex]
And we can replace the values obtained:
[tex]0.006(61.257)-1 =-0.632 <0[/tex]
So then 61.257 is a maximum.
[tex]0.006(272.076)-1 =0.632 >0[/tex]
So then 272.076 is a minimum.
So then the level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Final answer:
The student should calculate the derivative of the profit function, set it to zero to find critical points, and identify which of these maximizes the profit under the given wage constraint.
Explanation:
The student is tasked with finding the level of daily wages that will maximize the company's profit, given the profit function Profit = 50x - 0.5x2 + 0.001x3 + 200, where x represents the daily wage between $0 to $500. To find the wage that maximizes profit, we need to calculate the derivative of the profit function with respect to x and set it to zero to find the critical points. Then we can examine these points within the context of the wage constraints to determine the optimal wage level.
Calculate the derivative of the profit function: d(Profit)/dx = 50 - x + 0.003x2.Set the derivative equal to zero: 0 = 50 - x + 0.003x2.Solve for x to find critical points that fall within the wage range of $0 to $500.Analyze the critical points and choose the one that maximizes profit, considering the constraint.When selecting a software developer, which of the following should contractors possess (Select all that apply)?
A. Domain experience in developing comparable software systems
B. Maturity level four
C. Successful past performance record
D. Demonstrable mature software development capability and processes
When selecting a software developer, contractors should look for domain experience in developing similar software, a successful past performance record, and evidence of mature software development capability and processes. Maturity level four might not be a universally applicable requirement.
When selecting a software developer, contractors should ideally look for certain qualities. Option 'A' is vital because domain experience in developing comparable software systems can provide an indicator of the developer's ability to deliver similar projects successfully. Option 'C', a successful past performance record, is an evidence of the developer's competence. And option 'D', which is a demonstrable mature software development capability and processes, shows the developer's consistency and professionalism in the software development field. However, Option 'B', Maturity level four, may not always be a necessary requirement as it is a specific process maturity measurement in certain methodologies like CMMI, it may not apply in all situations.
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Sheila has just finished writing a press release regarding a new product developed by her firm. She intends to email the release to local radio stations and newspapers, and certain national magazines, in hopes that they will find the information newsworthy and decide run a story about the new product. This activity is part of her firm's __________ efforts.
A.public relations.
B. institutional advertising.
C. secondary advertising
D. interactive marketing
Answer:
Letter A is correct. Public relations.
Explanation:
Public relations in an organization is characterized as a communication strategy between the organization and its potential audience in order to manage effective communication and build relationships that benefit the company and the consumer.
Public relations professionals focus their efforts on creating a positive reputation for the organization through paid or unpaid communication that can take place via newspapers, magazines, the internet, tv shows, social engagements, events, and the like. that is beneficial for the reputation of the company to be built in accordance with predetermined parameters required by stakeholders.
Even though the research and development team of Orbiton Computer Inc. came up with promising technological innovations, the innovations couldn't be commercialized because the employees on the floor lacked the skills to implement or execute them. Thus, Orbiton Computer's failure can be attributed to the lack of
A. internal capabilities. B. market responsiveness. C. organizational suitability. D. technological feasibility.
Answer:
C
Explanation:
An organizational suitability statement for employees points out the reasons why the organization think their experience and skills are suitable for the position they are applying for in the organisation.
A suitability statement, known as a personal statement, shows a summary of the key skills and experience you possess for a given job
Thus Orbiton Computer's failure can be attributed to the lack of organizational suitability meaning the employees are not suitable and dont have the required skills for this job. They need to find the adequate skills for the job.
In recent years, the Federal government’s top three uses of funds were approximately _____ % for income security and pensions, ______ % for health, and _____ % for national defense.
Answer:
The correct numbers for the blank spaces are: 23; 21,7; 18,8.
Explanation:
According to the Congressional Budget Office, in 2009 the United States Government destined 18,8% of the national budget to national defense, 23% for social security (retirement benefits), 21,7% in health care (Medicaid and Medicare), 5,3% in Interest of Federal Debt, and 33,8% in other spending such as education, public transportation, and housing.
Which method of analysis does not classify variables as dependent or independent?
A) regression analysis
B) discriminant analysis
C) cluster analysis
D) analysis of variance
Answer:
C) cluster analysis
Explanation:
Regression analysis. The regression analysis determines the relationship between the two variables. Thus, one of these quantities (X) is given in advance(dependent) and is not random. The second value (U) is the independent and random number. The randomness of the second quantity can be explained for two reasons. First: Measuring the random number U, which depends on the number X, is associated with certain errors; second: The value of U may depend on other uncontrollable factors, in addition to being dependent on the value of the corresponding X value. In this case, we need to talk about the distribution of the random variable U against each value of the X variable. The main purpose of the regression analysis is to build a mathematical model that takes into account the factors affecting the physical process using experimental data and evaluating its accuracy. The least squares method is used for statistical estimation of the mathematical model's suitability to experimental data.
Discriminant analysis is a method used in statistics, pattern recognition, and machine learning to find a linear combination of attributes that define or distinguish two or more classes or events. The resulting combination can be used as a linear classifier or more often to reduce the size before classifying. LDA is closely related to variance analysis (ANOVA) and regression analysis, which try to express a dependent variable as a linear combination of other properties or dimensions. However, while variance analysis uses qualitative independent variables and a continuous dependent variable, discriminant analysis has continuous independent variables and a qualitative dependent variable.
Cluster analysis or clustering is a problem of grouping a number of objects. In this problem, objects must be in some way more similar to those in other groups to accommodate the same clusters (clusters). One of the main problems with data transmission is a common technique used in statistical data analysis. It is also used in machine learning, pattern recognition, image analysis, data retrieval, bioinformatics, data compression and computer graphics.
One-way analysis of variance (ANOVA) is used to calculate the significance of the difference between three and more independent means in a normally distributed series. ANOVA compares the arithmetic means of three or more groups alone; ANOVA result is also significant when at least one of these comparisons is significant. To measure the significance it will have the relation to the regression analysis that's why there will be dependent and independent variables as well.
Answer:
Cluster analysis does not require the use of dependent and independent variable.
The correct answer is C
Explanation:
Regression measures the relationship between two or more variables. It examines the relationship between dependent and independent variable.
Discriminant analysis is a technique used by researchers to measure the relationship between the dependent variable and one or more in dependent variables.
Cluster analysis is a technique that is used for exploratory research. It does not involve the use of dependent and independent variable.
Analysis of variance is used for measuring the influence that independent variable has on the dependent variable in regression analysis.
(Stock Market) Write a program to help a local stock trading company automate its systems. The company invests only in the stock market. At the end of each trading day, the company would like to generate and post the listing of its stocks so that investors can see how their holdings performed that day. We assume that the company invests in, say, 10 different stocks. The desired output is to produce two listings, one sorted by stock symbol and another sorted by percent gain from highest to lowest. The input data is provided in a file in the following format:
(A) symbol opening
(B) Price closing
(C) Price today
(D) High today
(E) Low prev
(F) Close volume
Answer:
Check attached file
Explanation:
#include
#include
#include
#include
using namespace std;
class stockType
public:
stockType();
stockType(string stockSymbol,double OPrice,double CPrice,double THPrice,double TLPrice,double YCPrice,int shares);
void setStockSysmbol(string stockSymbol);
void setOPrice(double OPrice);
void setCPrice(double CPrice);
void setTHPrice(double THPrice);
void setTLPrice(double TLPrice);
void setYCPrice(double YCPrice);
void setShares(int shares);
string getStockSysmbol();
double getOPrice();
double getCPrice();
double getTHPrice();
double getTLPrice();
double getYCPrice();
int getShares();
friend istream& operator>> (istream& is, stockType& a);
friend ostream& operator< (ostream&="" os,="" const="" stocktype&="">
bool operator ==(stockType s)
if(stockSymbol.compare(s.getStockSysmbol())==0)
return true;
else
return false;
Assume the following information:Selling price per unit $200Contribution margin ratio 50%Total fixed costs $275,000How many units must be sold to generate a profit of $50,000?
a. 3,250 unitsb. 2,500 unitsc. 2,750 unitsd. 4,000 units
Answer:
Level of sales (dollars) to earn profit of $50,000
= Fixed cost + desired profit
Contribution margin ratio
= $275,000 + $50,000
0.5
= $650,000
Number of units to earn profit of $50,000
= Level of sales
Selling price
= $650,000
$200
= 3,250 units
The correct answer is A
Explanation:
First and foremost, the level of sales (dollars) to earn $50,000 profit is calculated, which is the ratio of fixed cost and desired profit to contribution margin ratio. Then, we will calculate the number of units to be sold in order to earn $50,000 profit by dividing the level of sales by selling price.
Final answer:
To generate a profit of $50,000 with a selling price of $200, a contribution margin ratio of 50%, and total fixed costs of $275,000, 3,250 units must be sold. This is calculated using the profit equation with the contribution margin per unit, which comes out to $100 per unit in this case.
Explanation:
To determine how many units need to be sold to generate a profit of $50,000 given a selling price per unit of $200, a contribution margin ratio of 50%, and total fixed costs of $275,000, we must first calculate the contribution margin per unit and then use the profit equation to find the required quantity of units. The contribution margin per unit can be found by multiplying the selling price per unit by the contribution margin ratio: $200 × 50% = $100 per unit.
The profit equation is given by: Profit = (Contribution margin per unit × Quantity of units sold) - Fixed costs. To achieve the desired profit of $50,000, we rearrange this equation to solve for the quantity of units sold: Quantity of units sold = (Profit + Fixed costs) / Contribution margin per unit. Plugging in the values, we get Quantity of units sold = ($50,000 + $275,000) / $100 = 3,250 units. Therefore, the correct answer is option (a) 3,250 units.
Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise on account from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Botham. 3. On April 7, purchased equipment on account for $26,000. 4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise. 5. On April 15, paid the amount due to Botham Company in full.
Answer:
Explanation:
The journal entries are shown below:
On April 5
Inventory A/c Dr $23,000
To Account payable A/c $23,000
(Being the inventory purchased is recorded)
On April 6
Inventory A/c Dr $900
To Cash A/c $900
(Being the freight cost is paid)
On April 7
Equipment A/c Dr $26,000
To Account payable A/c $26,000
(Being the equipment is purchased on credit)
On April 8
Account payable A/c Dr $3,000
To Inventory A/c $3,000
(Being the returned inventory is recorded)
On April 15
Account payable A/c Dr $20,000 ($23,000 - $3,000)
To Inventory A/c $400 ($20,000 × 2%)
To Cash A/c $19,600
(Being the amount due is paid)
In its 2018 fiscal year, the data storage company, NetApp Inc., reported that it had 267.9 million shares of common stock outstanding, trading at a price of about $68 per share. On the firm's balance sheet, the value of common stock equity was reported as $2.067 billion. NetApp's market/book ratio was ________.
(A) 7.7
(B) 68
(C) 8.8
(D) greater than 100
Answer:
option (C) 8.8
Explanation:
Data provided in the question:
Common stock outstanding = 267.9 million shares
Market price = $68 per share
Value of common stock equity reported = $2.067 billion
Now,
Market value = Market price × Number of Common stock outstanding
= $68 × 267.9 million
= $18,217.2 million
= $18,217,200,000
Book value = $2.067 billion = $2,067,000,000
therefore,
NetApp's market/book ratio = $18,217,200,000 ÷ $2,067,000,000
= 8.81 ≈ 8.8
Hence,
Answer is option (C) 8.8
The market/book ratio for NetApp Inc. is calculated by dividing its total market value ($18.217 billion) by its book value of equity ($2.067 billion), resulting in a ratio of approximately 8.8.
Explanation:The market/book ratio of NetApp Inc. can be calculated by dividing the total market value by the book value of equity. The total market value is found by multiplying the number of shares outstanding by the price per share, which is 267.9 million shares times $68 per share, resulting in approximately $18.217 billion. The book value of equity is given as $2.067 billion. Therefore, the market/book ratio is $18.217 billion divided by $2.067 billion, which equals approximately 8.8.
. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False
The correct answer is; False, as of 2020.
Further Explanation:
In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.
For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.
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Manufacturing is considering three capital investment proposals. At this time, Britton only has funds available to pursue one of the three investments. LOADING...(Click the icon to review the proposals.) Which investment should Britton pursue at this time? Why?
Answer:
The right project will be sorted by the use of the Profitability Index.
Explanation:
Since all three capital investment proposals have a positive Net Present Value, we have to use profitability index to ascertain which project is most profitable by following the steps below.
1. Divide the N.P.V of each project by the initial investment of the project
2. Rank the answer from the highest ratio to the least.
3. The project with the highest Profitability Index is to be selected for the investment.
Suppose a study finds that college students who received financial aid have a greater tendency to graduate than do college students who do not receive financial aid. What is the identification problem that the authors must solve? If the authors conclude on the basis of the data that receiving financial aid increases the ability of college students to graduate, are they correct? What would be the best solution to the identification problem? Explain.
Answer:
Consider the following explanation
Explanation:
1 First he has,reasonably detailed knowledge of the market in question
2.The second general approach is to use advanced statistical analysis to identify the data
3.Author must collect data not only related to financial aid and college graduates but also on the many variables that can effect these variables .
4.Once the data are collected (which is often much more difficult than it sounds!), the author can then use some advanced statistical techniques to estimate the parameters, including one technique called multiple regression analysis.
If the author has done all these above things on the data ,then i think that his conclusion will be correct.
The best solution to the identification problem is it requires knowledge of the various variables that effect both the financial aid and college graduates so that advanced statistical estimation can be undertaken, In either case, however, knowledge of financial aid and college graduates alone is not sufficient to identify the data and drawing conclusions on the basis of it.
The authors must solve the identification problem of selection bias. They may not be correct in concluding that financial aid increases graduation rates based on the data alone. The best solution to the identification problem is a randomized controlled experiment.
Explanation:The identification problem that the authors must solve in this study is the issue of selection bias. In other words, they need to determine whether the difference in graduation rates between college students who received financial aid and those who did not is solely due to the financial aid or if there are other factors at play.
If the authors conclude that receiving financial aid increases the ability of college students to graduate based on the data alone, they may not be correct. The data may be confounded by other variables, such as the students' socioeconomic background or academic abilities, which could be influencing both the likelihood of receiving financial aid and the graduation rate.
The best solution to the identification problem would be to use a randomized controlled experiment. This would involve randomly assigning some eligible students to receive financial aid and others not to receive financial aid. By comparing the graduation rates between the two groups, the authors can more confidently attribute any differences to the impact of financial aid.
The yield to maturity on a coupon bond is _____.(A) always greater than the coupon rate.(B) the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the current yield.(C) the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the yield to maturity.(D) only equal to the internal rate of return of a bond when the bond is priced at par.(E) greater than both the current yield and coupon rate when the bond is priced at a premium to par.
The yield to maturity on a coupon bond is the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the yield to maturity. This takes into account both interest payments and any capital gain or loss.
Explanation:The yield to maturity on a coupon bond is (C) the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the yield to maturity. The yield to maturity (YTM) is the total return anticipated on a bond if it is held until its maturity date. It is comparable to the internal rate of return of a bond.
YTM takes into account both the interest payments received periodically, which can be assumed to be reinvested at the same rate, and any capital gain or loss. For example, if a bond with a face value of $1000 is purchased at a discount for $900 and gives a coupon payment of $100 yearly before maturing in 3 years, the YTM will factor in both the yearly coupon payments and the $100 gain upon maturity.
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The yield to maturity on a coupon bond is the C. rate an investor earns if they hold the bond to the maturity date and reinvest all coupons at the yield to maturity.
Explanation:The yield to maturity on a coupon bond is the rate an investor earns if they hold the bond to the maturity date and reinvest all coupons at the yield to maturity. This is option (C) from the given choices. The yield to maturity takes into account the bond's current price, coupon rate, and time to maturity, and reflects the total return an investor can expect to receive.
YTM considers interest payments received periodically, which can be assumed to be reinvested at the same rate, and any capital gain or loss. For example, if a bond with a face value of $1000 is purchased at a discount for $900 and gives a coupon payment of $100 yearly before maturing in 3 years, the YTM will factor in both the yearly coupon payments and the $100 gain upon maturity.
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Marina, Inc., acquires 1 million shares of its own $1 par value common stock at $70 per share. It later resells the 1 million shares of treasury stock for $75. We record the $5 difference per share as a:a. gain in the income statement,b. revenue in the income statement,c. credit to Additional Paid-in Capital,d. credit to Common Stock.
Answer:
c. credit to Additional Paid-in Capital
Explanation:
The journal entry to record the difference is shown below:
Cash A/c Dr $75 million
To Treasury stock A/c $70 million (1 million shares × $70 per share)
To Additional paid in capital - in excess of par $5 million
(Being the issuance of treasury stocks is reported and the amount remaining is credited to the additional paid-in capital account)
Government contracts require that contractors perform at high levels of quality, and ask that the contractors specify in their proposals the specific quality standards with which their processes will be compliant. (Recognize the role of standards and specifications in the SE Processes.) a. Trueb. False
Answer:
a. True
Explanation:
Government uses contracts to hire people or companies to provide goods and services needed for different purposes and they establish all the terms under which contractors are hired and the obligations that they have to fulfill. The government requires in these contracts that the contractors meet certain quality standards to be able to get a good and/or service that is adequate to its needs. Also, the proposal contractors present need to include how they are going to provide the service and/or good and the standards that they will comply with so it could be determine by the Government if that is what is required and could be enforced in the future as it will be included in the contract. According to that, the statement is true.
The unemployment rate:A. shows the percentage of the labor force that is considered unemployed.B. is the amount of people in the population that are not working.C. shows the percentage of the population that is considered unemployed.D. is the amount of the labor force that is not working.Suppose an economy is given by the following: Population = 293 million Labor force = 123 million The number of people employed = 116.2 million The number of people unemployed = 6.8 millionGiven the information above, the unemployment rate is ______%.(Enter your response rounded to one decimal place.)
The unemployment rate measures the percentage of the labor force that is unemployed. In this case, the rate is 5.5%.
Explanation:The unemployment rate is a measure that shows the percentage of the labor force that is considered unemployed. In this case, the labor force consists of 123 million people and the number of unemployed individuals is 6.8 million. To calculate the unemployment rate, divide the number of unemployed people by the labor force and multiply by 100. The unemployment rate in this scenario is 5.5%.
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The unemployment rate is the percentage of people in the labor force who do not have a job. In this case, the unemployment rate is 5.5%.
Explanation:The unemployment rate is a key economic indicator that measures the percentage of the labor force without a job and actively seeking employment. It reflects the health of the job market and overall economy. The rate is calculated by dividing the number of unemployed individuals by the total labor force and is often reported monthly by government agencies.
Thus, this rate is defined as the percentage of people in the labor force who do not have a job. In this case, the labor force is 123 million and the number of unemployed people is 6.8 million. To calculate the unemployment rate, we divide the number of unemployed by the labor force and multiply by 100. So the unemployment rate is (6.8 million / 123 million) * 100 = 5.5%.
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Positive externalities exist because ________ benefits are ________ than ________ benefits.a. internal; greater ; external b. internal; greater ; social c. internal; less; external d. external; greater ;social e. internal ; less; social
Answer:
c. Internal benefits are less than external benefits
Explanation:
Lets first understand what a positive externality is. Positive externality is the effects of an activity that has greater and/or additional benefits to the society as a whole as compared to the benefits enjoyed by the individual responsible for creating such a positive impact. One of the common examples of positive externality is getting education, when we get education that provides us benefits on a personal level but it also helps you reach to a position where you can educate others and/or the society in general. This means that educating yourself not only benefits you but also has a positive influence in the society.
Similarly, if you walk to work every day, this will make you more healthy and will reduce congestion in the city and benefit every body else as well.
Assume a factory that currently employs 25 workers is considering adding another 5 workers to its payroll. Economists would classify this as:A) a long run decisionB) a short run decisionC) neither a short run or long run decisionD) both a short run and long run decision
D: It is both a short run and long run decision.
Explanation:
Whether its a short run or long run decision, it is determined by when the benefit will accrue to the entity.
Thus employing 5 more workers in the short run is going to help the entity whiles in the long run also they are going to be a developed staff which will benefit the entity in the long run.
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