Answer:
Quasi Contract:
In the case of Lindquist Ford, Inc. v. Middleton Motors, Inc., 557 F.3d 469 (7th Cir. 2009) the trial court settled money damages to Lindquist. The Court of Appeals reversed the result that the trial court had mismanaged the mutual law theories of quantum meruit and unjust augmentation and imprisoned for a new trial. The trial court settled damages to Lindquist and Miller for Miller's salary.
Explanation:
The necessities to improve on the quasi-contract theory are as follows:
The party looking for damages discussed a benefit on the other party. That party also discussed the benefit with the sensible expectation of being paid. The party was not performing as a volunteer in providing this benefit. The party getting the benefit would be irrationally enriched if permitted to retain the benefit without disbursing for it.All of these necessities must be encountered in order for a quasi-contract judgment to be awarded.
The necessities under unjust improvement are as follows:
A benefit discussed upon the perpetrator by the plaintiff. Appreciation by the respondent of the fact of such benefit. Acceptance and retention by the respondent of the benefit, under conditions such that it would be discriminatory to retain the advantage without payment of the worth thereof.Lindquist met the essentials required for unjust enhancement and the court fund in their favor.
The necessities under quantum merit are as follows:
The complainant must prove that the respondent requested the plaintiff's services. It was reasonable for the applicant to expect reimbursement for the services. Lindquist met the elements compulsory for quantum meruit and the court found in their favor.The condition most likely to be doubtful in this case is whether or not the party seeking compensations actually discussed a benefit upon the other party, or whether Lindquist essentially conferred a benefit upon Middleton through the management of Miller. The court resolute through indication presented that Lindquist and Miller had a reasonable anticipation to payment for services rendered and that Middleton received a benefit from Miller's services
Final answer:
In Lindquist Ford, Inc. v. Middleton Motors, Inc., the court would need to determine if the requirements for a quasi-contract have been met, especially whether it is inequitable for Middleton to retain management benefits without payment.
Explanation:
In the case of Lindquist Ford, Inc. v. Middleton Motors, Inc., the concept of a quasi-contract is discussed. A quasi-contract, also known as an implied-in-law contract, is designed to prevent unjust enrichment. It is not a true contract, but rather a legal substitute formed to impose equity between two parties.
To recover on a theory of quasi-contract, certain requirements must be met: (1) a benefit conferred upon the defendant by the plaintiff, (2) the defendant's appreciation or knowledge of the benefit, and (3) the defendant's acceptance or retention of the benefit under circumstances making it inequitable for them to retain the benefit without paying for it.
In the situation with Lindquist and Middleton, the most disputed requirement is likely to be whether it is inequitable for Middleton to retain the benefit of Miller's management without paying. Since the parties did not finalize an agreement and Miller was fired without being paid, determining the equity of the situation could be challenging.
One important unintended consequence of the Smoot-Hawley Tariff Act was to:
a.lessen the severity of the Great Depression by increasing exports.
b.provide the federal government with an effective tool for exercising monetary policy.
c.increase the efficiency of domestic automobile production.
d.increase the severity of the Great Depression by causing other countries to retaliate, and thus leading to a decline in exports.
e.increase the U.S. government budget deficit by $15 million
Answer:
d. increase the severity of the Great Depression by causing other countries to retaliate, and thus leading to a decline in exports.
Explanation:
Although the main purpose of the Smoot-Hawley Tariff Act was to impose tariffs on imported goods, it followed with reciprocally respond. Since foreign countries were hindered in exporting to the US, they imposed tariffs on the US afterward.
Above all, all economists and historians agreed that this act increased the negative effects of the Great Depression.
What is the preferred method of controlling environmentally hazardous materials during manufacturing, operations, and disposal?
A. Source reduction or elimination is the most highly preferred control strategy.
B. Treatment of hazardous wastes is preferred over recycling because of lower manufacturing costs.
C. Disposal is the preferred method because of new technologies and improved landfill processes.
D. Recycling is preferred over source reduction because reuse of hazardous substances costs less than substituting alternate processes.
Answer:
b,
Explanation:
treatment of hazardous waste is preferred to the other options, in a sense they all have side effect. But if waste are treated it reduces the rate of pollution.
The most preferable method to control environmentally hazardous materials is source reduction or elimination, which involves changing manufacturing processes to produce less or no hazardous materials.
The preferred method for controlling environmentally hazardous materials during manufacturing, operations, and disposal is source reduction or elimination. This control strategy is higher on the environmental hierarchy than treatment, recycling, and disposal. While these other methods can also help to mitigate the impact of hazardous materials on the environment, they are less preferable because they do not eliminate the problem at its root. Source reduction involves altering the manufacturing process to lower or eliminate the production of hazardous materials, thereby preventing environmental harm before it begins.
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The Scrum Team should choose at least one high priority process improvement, identified during the Sprint Retrospective, and place it in the Product Backlog.
A. True
B .False
Answer:
B-False
Explanation:
After the retrospective discussion all the improvement items discussed are placed in the Product Backlog. To ensure continuous improvement, the next sprint backlog ( & not the current one) should include at least one high priority process improvement which was identified in the previous Sprint Retrospective meeting.
The Scrum Team should choose at least one high priority process improvement identified during the Sprint Retrospective and place it in the Product Backlog.
Explanation:The statement is true:
The Scrum Team should identify high priority process improvements during the Sprint Retrospective.These identified improvements should be placed in the Product Backlog.This allows the improvements to be prioritized, planned, and implemented in future sprints.Learn more about Scrum process improvement here:https://brainly.com/question/33442740
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Workers are compensated by firms with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000, workers at one steel plant were paid $20 per hour and in addition received health benefits at the rate of $4 per hour. Also suppose that by 2010 workers at that plant were paid $21 per hour but received $9 in health insurance benefits. By what percentage did the wage change at this plant from 2000 to 2010?
Answer:
The percentage by which wage changes from 2000 to 2010 is 2.26 %.
Explanation:
This problem requires us to calculate the wage change from 2000 to 2010 in percent. The wage rate in 2000 and 2010 is given that is 24 dollars (20+4) and 30 (21 + 9). To calculate the rate of change we will use following formula.
Growth Rate = (Present/ past)^ (1/n") -1
" n is period range
(Putting values)
= (30/24)^ (1/10) -1
= 2.26 %
Cobe Company has already manufactured 17,000 units of Product A at a cost of $25 per unit. The 17,000 units can be sold at this stage for $450,000. Alternatively, the units can be further processed at a $280,000 total additional cost and be converted into 5,800 units of Product B and 11,100 units of Product C. Per unit selling price for Product B is $100 and for Product C is $56.
Answer:
It is more convenient to continue processing.
Explanation:
Giving the following information:
Cobe Company has already manufactured 17,000 units of Product A for $25 per unit. The 17,000 units can be sold at this stage for $450,000. Alternatively, the units can be further processed at a $280,000 total additional cost and be converted into 5,800 units of Product B and 11,100 units of Product C. Per unit selling price for Product B is $100 and for Product C is $56.
We need to determine whether it is more convenient to sell the units now, or continue processing.
Sell now:
Income= 450,000 - (17,000*25)= $25,000
Continue processing:
Income= sales produc B + sales product C - joint cost - Product A cost
Income= 5,800*100 + 11,100*56 - 280,000 - (17,000*25)= $496,600
It is more convenient to continue processing.
What factors have limited the ability of local law enforcement agencies to respond to the growing threat of computer crime? Answer A. lack of training B. lack of diagnostic equipment C. lack of specialized personnel D. all of the above 2. When files are deleted from a hard drive: Answer A. they are gone forever B. the entry in the file allocation table is marked as empty and the files are ignored on the hard drive C. the entry in the file allocation table is marked as empty and the files are removed from the hard drive D. they cannot be restored without a laboratory 3. The DOJ operates the National INFOSEC Education and Training Program.. TRUE OR FALSE 4. What principle should guide the analysis of storage devices? Answer A. protect the original evidence B. be able to explain every action you take C. be aware of the limits of your ability to search legally D. all of the above 5. The "Monkey Wrench Gang," a 1975 book written by Edward Abbey inspired the development of what group: Answer A. World Church of the Creator B. Earth/Environmental Liberation Front C. Symbonese Liberation Army D. Weather Underground 6. Which federal agency houses the Customs Cyber Smuggling Center (3C)? Answer A. ICE B. DOE C. The Secret Service D. US Postal Inspectors 7. Which of the following is an exception contained in Title III? Answer A. the extension of an office computer exception B. the unattended computer exception C. the computer trespasser exception D. all of the above 8. ALF was originally organized in Arizona during the 80s. TRUE OR FALSE 9. Which of the following basic steps in risk analysis should be performed second? Answer A. assessment and evaluation B. identify threats C. determine cost-effective strategy D. implement firewalls 10. The Internet was made the recruitment of members easier than prior to the dawn of the information age. TRUE OR FALSE
Answer and Explanation:
B. lack of diagnostic equipment
2) A. they are gone forever
3) TRUE
4) C. be aware of the limits of your ability to search legally
5) C. Symbonese Liberation Army
6) B. DOE
7) D. all of the above
8) TRUE
9) D. implement firewalls
10) FALSE
Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a $16,000 loan he made to the S corporation, and he has a $11,000 suspended loss from the S corporation. In 2019, Jamaal contributed $14,000 to the S corporation, and the S corporation had ordinary income of $10,000. Assume that Jamaal owns 40 percent of the S corporation. How much net income or loss does Jamaal report this year from the S corporation?
Answer:
-$7,000
Explanation:
Net loss reported by Jamaal this year from the S corporation:
= Ordinary income - suspended loss from the S corporation
= (40 percent of the S corporation × Ordinary income) - suspended loss from the S corporation
= (40% × $10,000) - $11,000
= $4,000 - $11,000
= -$7,000
Jamaal may deduct the $11000 loss carryover against his debt basis,
which was increased by his $14,000 contribution,
and his $4,000 share of S corporation income.
Divine Apparel has 3,100 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)1) Record the declaration of cash dividends.2) Record the entry on date of record.3) Record the payment of cash dividends
Final answer:
To record the cash dividends transactions, follow these steps: 1) Record the declaration of cash dividends. 2) Record the entry on the date of record. 3) Record the payment of cash dividends.
Explanation:
To record the cash dividends transactions, we need to follow the following steps:
Record the declaration of cash dividends: On October 1, we will debit Retained Earnings for the total amount of cash dividends, $0.75 per share, multiplied by the number of shares outstanding, 3,100. This would decrease Retained Earnings and create a liability called Dividends Payable.Record the entry on the date of record: On October 15, we do not need to record any journal entry since this is just a record-keeping date which determines who the shareholders are that will receive the dividends.Record the payment of cash dividends: On October 31, we will debit Dividends Payable for the total amount of cash dividends, $0.75 per share, multiplied by the number of shares outstanding, 3,100. We will also credit Cash for the same amount. This will decrease the liability of Dividends Payable and provide a decrease in assets with the cash payment.Exercise 12-15B Direct: Computing cash flows LO P5 Case X: Compute cash received from customers: Sales $ 515,000 Accounts receivable, December 31, 2017 27,200 Accounts receivable, December 31, 2018 33,600 Case Y: Compute cash paid for rent: Rent expense $ 139,800 Rent payable, December 31, 2017 7,800 Rent payable, December 31, 2018 6,200 Case Z: Compute cash paid for inventory: Cost of goods sold $ 525,000 Inventory, December 31, 2017 158,600 Accounts payable, December 31, 2017 66,700 Inventory, December 31, 2018 130,400 Accounts payable, December 31, 2018 82,000 For each of the above three separate cases, use the information provided about the calendar-year 2018 operations of Sahim Company to compute the required cash flow information.
Answer:
1. $508,600
2. $141,400
3. $481,500
Explanation:
Case X:
Cash Received From Customers:
= Sales + Opening Account Receivable - Closing Account Receivable
= 515,000 + 27,200 - 33,600
= $508,600
Case Y:
Cash Paid For Rent:
= Opening Rent Payable + Rent Expenses - Closing Rent Payable
= 7,800 + 139,800 - 6,200
= $141,400
Case Z:
Purchase = Cost of Goods Sold + Closing Inventory - Opening Inventory
= 525,000 + 130,400 - 158,600
= $496,800
Cash Paid For Merchandise:
= Opening Account Payable + Purchase - Closing Account Payable
= 66,700 + 496,800 - 82,000
= $481,500
Final answer:
To calculate the required cash flow information for each case, you can use the given information. For Case X, compute cash received from customers by subtracting the increase in accounts receivable from sales. For Case Y, compute cash paid for rent by subtracting the decrease in rent payable from rent expense. For Case Z, compute cash paid for inventory by subtracting the increase in accounts payable from cost of goods sold and subtracting the increase in inventory.
Explanation:
For Case X: Compute cash received from customers:
Sales: $515,000
Accounts receivable, December 31, 2017: $27,200
Accounts receivable, December 31, 2018: $33,600
To calculate cash received from customers, we need to subtract the increase in accounts receivable from sales:
Cash received from customers = Sales - Increase in accounts receivable
= $515,000 - ($33,600 - $27,200) = $515,000 - $6,400 = $508,600
For Case Y: Compute cash paid for rent:
Rent expense: $139,800
Rent payable, December 31, 2017: $7,800
Rent payable, December 31, 2018: $6,200
To calculate cash paid for rent, we need to subtract the decrease in rent payable from rent expense:
Cash paid for rent = Rent expense - Decrease in rent payable
= $139,800 - ($6,200 - $7,800) = $139,800 - $1,600 = $138,200
For Case Z: Compute cash paid for inventory:
Cost of goods sold: $525,000
Inventory, December 31, 2017: $158,600
Accounts payable, December 31, 2017: $66,700
Inventory, December 31, 2018: $130,400
Accounts payable, December 31, 2018: $82,000
To calculate cash paid for inventory, we need to subtract the increase in accounts payable from cost of goods sold and subtract the increase in inventory:
Cash paid for inventory = Cost of goods sold - Increase in accounts payable + Decrease in inventory
= $525,000 - ($82,000 - $66,700) + ($158,600 - $130,400) = $525,000 - $15,300 + $28,200 = $537,900
Payments to principal on a mortgage
a. represent the cost to the individual for taking out the loan.
b. increase the market value of the home.
c. decrease the market value of the home.
d. decrease liabilities, thereby increasing home equity and wealth.
e. decrease liabilities, thereby decreasing home equity and wealth.
Answer:
A
Explanation:
Principal us the amount of the loan collected and when paying back the loan the principal and interest is paid in return
Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Answer:Interest payment = $1,350,000, Total cash paid = $57,000,000
Explanation:
Coupon Face value = $30,000,000, coupon interest rate = 9% = 9÷100 = 0.09, period = 10 years since the payment is semi - annually , period is multiplied by 2 = 10 ×2 =20, semi annually = 6/12
To calculate the interest payment, we use the formula
Face value of the bond × coupon interest rate × semi- annual payment
= 30,000,000 × 0.09 × 6/12
= $1,350,000
To calculate the total cash paid to investors over the life of the bond, we use
Interest payment × period
Since period = 20
1,350,000 × 20
= $27,000,000
Therefore the total cash paid = $30,000,000 + $27,000,000
= $57,000,000
Campbell Inc receive a premium more cash than the principal amount from the purchaser .The purchaser is willing to pay more because the purchaser of the bond will receive interest payment of $1,350,000
Presented below is information for Metlock Company.
1. Beginning-of-the-year Accounts Receivable balance was $22,700.
2. Net sales (all on account) for the year were $101,600. Metlock does not offer cash discounts.
3. Collections on accounts receivable during the year were $82,300.
Prepare (summary) journal entries to record the items noted above
Answer:
The Journal entries are as follows:
(1) For Opening Balance Journal entry Not Required
(2) Net sales (all on account) for the year were $101,600. Metlock does not offer cash discounts,
Accounts Receivable A/c Dr. $101,600
To Sales A/c $101,600
(To record sales on account)
(3) Collections on accounts receivable during the year were $82,300,
Cash A/c Dr. $82,300
To Accounts Receivable $82,300
(To record the receipt of accounts receivable)
Suppose you buy a new iClicker 2 from the Illinois bookstore for $29.99. Your friend was lucky and found a used iClicker 2 online for 10. Assume that iClickers are also produced in the U.S. How much does U.S. GDP increase by?
Answer:
U.S. GDP increase by $29.99
Explanation:
given data
buy new iClicker 2 from bookstore for $29.99
used iClicker 2 online = 10
to find out
How much does U.S. GDP increase by
solution
we know that GDP is only include value of good and service produce during the certain period of time
and here we buy new iClicker 2 from the Illinois bookstore at $29.99 is only part of U.S. GDP
but when used iClicker 2 online is at $10 is not the part of U.S. GDP
so we can say U.S. GDP increase by only at $29.99
so U.S. GDP increase by $29.99
Your savings account currently has a balance of $32,300. You opened the savings account two years ago and have not added to the initial amount you deposited. If your savings have been earning an annual interest rate of 2 percent, compounded annually, what was the amount of your original deposit?
Answer:
Original deposit= $31,045.75
Explanation:
Giving the following information:
Your savings account currently has a balance of $32,300.
You opened the savings account two years ago.
Interest rate= 2 percent, compounded annually
To calculate the original sum we need to use the following formula:
PV= FV/(1+i)^n
PV= 32,300/(1.02^2)= $31,045.75
Net income was $450,000. Beginning and ending stockholders' equity was $4,000,000 and $4,800,000, respectively. Beginning total assets = $6,000,000 and ending total assets = $6,600,000. What was the return on assets (ROA)?
A. 6.188%
B. 7.143%
C. 7.5%
D. 10.227%
Answer:
The correct answer is B. 7.143 %.
Explanation:
Return on assets is a profitability ratio that provides how much profit a company is able to generate from its assets. In other words, return on assets (ROA) measures how efficient a company's management is in generating earnings from their economic resources or assets on their balance sheet. ROA is shown as a percentage, and the higher the number, the more efficient a company's management is at managing its balance sheet to generate income.
The formula to calculate it is given below.
ROA = Net Income/Average total asset * 100
= 450,000/ 6,300,000*
= 7.14 %
*= (6,000,000 + 6,300,000)/2
Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October:
Trees processed: 310 trees
Production: paper 180,000 sheets
pencil casings 180,000
Sales: paper 170,000 at $0.20 per page
pencil casings 177,500 at $0.24 per casing
The cost of purchasing 310 trees and processing them up to the split-off point to yield 180,000 sheets of paper and 180,000 pencil casings is $12,500. Bismite's accounting department reported no beginning inventory.
What are the paper's and the pencil's approximate weighted cost proportions using the sales value at split-off method, respectively?
Answer:
Paper = 0.45 and Pencil = 0.55
Explanation:
For computing the weighatge cost proportions, first we have to determine the sales value at split off point which is shown below:
For paper, it would be
= 180,000 × $0.20
= $36,000
For pencil, it would be
= 180,000 × $0.24
= $43,200
Now the total sales would be
= $36,000 + $43,200
= $79,200
Now the weightage would be
For paper = Paper sales ÷ Total sales
= $36,000 ÷ $79,200
= 0.45
For pencil = Paper sales ÷ Total sales
= $43,200 ÷ $79,200
= 0.55
To calculate the approximate weighted cost proportions of paper and pencil casings using the sales value at split-off method, divide the sales value of each product by the total sales value of both products.
Explanation:In order to determine the approximate weighted cost proportions of paper and pencil casings using the sales value at split-off method, we need to consider the sales value of each product and divide it by the total sales value of both products.
The sales value of paper is $0.20 per page, and the sales value of pencil casings is $0.24 per casing.
Using the given sales figures, the total sales value for paper is $34,000 (170,000 pages x $0.20 per page), and the total sales value for pencil casings is $42,600 (177,500 casings x $0.24 per casing).
The approximate weighted cost proportion of paper can be calculated by dividing the sales value of paper by the total sales value of both products: $34,000 / ($34,000 + $42,600) = 0.444.
The approximate weighted cost proportion of pencil casings can be calculated by dividing the sales value of pencil casings by the total sales value of both products: $42,600 / ($34,000 + $42,600) = 0.556.
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Karl and Leonard want to make trail mix. In order to get the right balance of ingredients for their tastes they bought 2 pounds of raisins at $ 3.95 per pound comma 3 pounds of peanuts for $ 2.08 per pound comma and 5 pounds of chocolate chips for $ 3.25 per pound. Determine the cost per pound of the trail mix.
Answer:
Cost per pound of the trail mix: $
Raisins 2 pounds @ $3.95 each = 7.90
Peanuts 3 pounds @ $2.08 each = 6.24
Chocolate 5 pounds @ $3.25 each = 16.25
Total 10 pounds 30.39
Cost per pound of the trail mix = $30.39/10 pounds
Cost per pound of the trail mix = $3.039 per pound
Explanation:
In this case, we need to determine the total cost of the trail mix, which is the quantity of each ingredient multiplied by price per ingredient. Then, we will calculate the cost per pound of the trail mix, which is the total cost divided by the total pounds of ingredients.
El valor de cada libra de mix de frutos secos preparado por Karl and Leonard is $1.625
To know the value per pound of the trail mix that Karl and Leonard made, it is necessary to carry out the following operations.
Calculate the total price of the quantities of nuts they bought by multiplying the value of each one by the number of pounds they bought.
2 pounds × $ 3.95 = $ 7.93 pounds × $ 2.08 = $ 6.245 pounds × $ 3.25 = $ 16.25Now it is necessary to know how many pounds of the mix of nuts they have by adding all the ingredients, for them the number of pounds of each ingredient must be added
2 pounds + 3 pounds + 5 pounds = 10 pounds
Finally, to know the value of each pound of trail mixed, it is necessary to divide the total value of the mix into the total number of pounds.
$ 16.25 ÷ 10 pounds = $ 1.625
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American car dealers are still not completely back on their feet from a recent economic downturn. In order to help American car companies like Ford and GM gain more sales, Senator Joseph Ellis has proposed that all automobiles imported from Japan and Germany should pay an extra $2,000 per vehicle to enter the United States. (This would not affect cars from foreign car companies like Toyota and BMW that are built in factories in the United States, only those cars that are actually transported from overseas into the United States.Type of trade barrier: _________________________The trade barrier meant to protect _________________________.Argument for why you would or would not recommend this proposal:_________
Answer:
The answer is Tariffs.
Explanation:
To put it simply, tariffs are taxes put upon imported goods from foreign countries.
However, imported means actual and physical goods that are physically transported from one country to another.
These tariffs are imposed to protect the local industries/goods and services. Tariffs increase the price of imported goods which are usually cheaper than the locally produced goods, thus increasing the demand for the local goods.
I would recommend this as certain financially stronger foreign corporations do various illegal and unethical practices such as Dumping (selling below the production cost) which can be harmful for the local industries in the long term.
Moreover, a nation should focus more on developing entrepreneur capacities within their own countries rather than majorly relying on imported goods.
In addition, local small and medium businesses contribute to the employment more. Making it much important to protect the local industries.
Raising the reserve ratio __________ the ability of banks to create money (make loans) and decreases a bank’s ability to make a profit..
Answer:
Lowers
Explanation:
Required reserve ratio refers to the portion of deposits with banks that will be kept with central banks. If there is an increase in the required reserve ratio then the banks have to keep more amount of deposits with the central bank which reduces the bank's ability to give loans and create money.
Because with an increase in the reserve ratio, the less amount of deposits available with the banks for giving loans.
George has been looking into buying a bond for his portfolio. His greatest investment objective is total return. Which of the following bonds would be the BEST choice for George with this objective in mind?
A. A bond which has a price of $850, a Yield to Maturity of 4%, and a Current Yield of 3.75%
B. A bond which has a price of $875, a Yield to Maturity of 3.95%, and a Current Yield of 3.80%
C. A bond which has a price of $825, a Yield to Maturity of 3.5%, and a Current Yield of 3.45%
D. A bond which has a price of $925, a Yield to Maturity of 3.75%, and a Current Yield of 3.65%
Answer:
A. A bond which has a price of $850, a Yield to Maturity of 4%, and a Current Yield of 3.75%
Explanation:
Since George is focussed on achieving a high total return for his portfolio, he will consider adding a bond whose yield to maturity (YTM) is the highest. Among these options, option A would be ideal since it has a 4% YTM; he would probably not consider if the price of $850 is high or not . This is the annual interest rate paid on the bond investment.
A strategic business unit (SBU): Question 4 options: competes with the same companies as the other SBUs in the parent organization shares the same mission with all the other SBUs in the parent organization controls its business independent of other SBUs in the organization usually benefits from the combined corporate raw materials purchases still has strategic planning performed back at corporate headquarters
Answer:
The correct answer is letter "C": controls its business independent of other SBUs in the organization.
Explanation:
A Strategic Business Unit or SBU is a division of a larger company that is managed by itself, having its own vision, mission, and goals. Even if the SBU is an independent unit of the business that has its own competitors, it is an important part of the whole company.
A home buyer bought a house for $245,000. The buyer paid 20 percent down but decided to finance closing costs of 3 percent of the mortgage amount. If the borrower took out a 30-year fixed-rate mortgage at a 5 percent annual interest rate, how much interest will the borrower pay over the life of the mortgage
Answer:
Interest = $188,264.78
Explanation:
given data
present value = $245,000
rate = 20 %
finance closing costs = 3 percent
time = 30 year
fixed rate mortgage = 5 % annual = [tex]\frac{0.05}{12}[/tex] monthly
to find out
interest will the borrower pay
solution
we will apply here present value of annuity formula for find annuity that is
present value annuity = Annuity × [tex]\frac{1-(1+r)^{-t}}{r}[/tex] ..........1
put here value we get
$245,000 × 0.80 × 1.03 = Annuity × [tex]\frac{1-(1+\frac{0.05}{12})^{-30*12}}{\frac{0.05}{12}}[/tex]
solve it we get
$201,880 = annuity × [tex]\frac{0.7762}{0.0042}[/tex]
annuity = $1,083.74
so now we get interest that is
interest = annuity × 360 - present value annuity ..............2
interest = $1,083.74 × 360 - ( $245,000 × 0.80 × 1.03 )
Interest = $188,264.78
Assume that the following asset values (in millions of dollars) exist in Ironmania:
Category
Value
Federal Reserve Notes in circulation
$ 700
Money market mutual funds (MMMFs) held by individuals
400
Corporate bonds
300
Iron ore deposits
50
Currency in commercial banks
100
Savings deposits, including money market deposit accounts (MMDAs)
140
Checkable deposits
1,500
Small-denominated (less than $100,000) time deposits
100
Coins in circulation
40
Instructions: Enter your answers as whole numbers.
a. What is M1 in Ironmania? $ _________million.
b. What is M2 in Ironmania? $_________ million.
Answer:
a. $2,240
b. $2,880
Explanation:
The computations are shown below:
a. For M1:
= Notes in circulation + Check-able deposits + Coins in circulation
= $700 + $1,500 + $40
= $2,240
b. For M2:
= M1 + saving deposits + time deposit + Money market mutual funds (MMMFs) held by individuals
= $2,240 + $140 + $100 + $400
= $2,880
All other information which is given is not relevant. Hence, ignored it
Gwen recently purchased a new video card, and after she installed it, she realized she did not have the correct connections and was not able to power the video card. What connectors should Gwen look for when purchasing a new power supply?
Answer:
The correct answer is: 8-pin PCI-E connector and 6-pin PCI-E connector.
Explanation:
One of the components that consume more power of a computer is the video card. Depending on the different models and brands of graphic cards available there are in the market, the external power for the video card requires a 6-pin or 8-pin PCI-Express power connector.
The Program Manager just received approval of his proposed acquisition strategy with one exception: he has been directed to make maximum use of existing Air Force software. Which ofthe best software acquisition practices is most applicable to his situation?
a. Use system based software design
b. Inspect requirements and design
c. Assess reuse risks and cost
d. Use metrics to manage
Answer:
Option (C) is the correct answer.
Explanation:
According to the scenario, the program manager has been directed to use existing software whose one of the main aspects to check is the risk included in reusing the software.
Assessing the cost of reusing the software is also one of the main aspects to check.
Hence the most appropriate answer is option (C).
while other options are not that appropriate because it is directed to use the existing software that means the design and metrics are already given with the existing software.
Purchasing Power Parity (PPP) theory states that A. the exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels. B. as the purchasing power of a currency sharply declines (due to hyperinflation) that currency will depreciate against stable currencies. C. the prices of standard commodity baskets in two countries are not related. D. both a) and b)
Answer:
The correct answer is A and B
Explanation:
PPP stands for Purchasing Power Parity, which is a theory that states or define as the exchange rate among the currencies of 2 countries, which should be equal to the ratio of the price levels of the countries.
It is grounded on The Law of One Price, which states all the identical goods have the same price.
As the purchasing power of the currency which sharply decrease because of hyperinflation, that currency will be depreciated against the stable currencies.
Thom Corporation is considering an investment opportunity with the following expected net cash inflows:
Year 1, $ 230,000; Year 2, $ 370,000; Year 3, $ 360,000.
The company uses a discount rate of 13%, and the initial cost of the investment is $ 720,000.
Present Value of $1:
| 10% | 11% | 12% | 13% | 14% | 15%
1 | 0.909 | 0.901 | 0.893 | 0.885 | 0.877 | 0.870
2 | 0.826 | 0.812 | 0.797 | 0.783 | 0.769 | 0.756
3 | 0.751 | 0.731 | 0.712 | 0.693 | 0.675 | 0.658
4 | 0.683 | 0.659 | 0.636 | 0.613 | 0.592 | 0.572
5 | 0.621 | 0.593 | 0.567 | 0.543 | 0.519 | 0.497
The IRR of the project will be ________.
A. between 13% and 14%
B. less than 13%
C. between 14% and 15%
D. more than 13%
Answer:
C. between 14% and 15%
Explanation:
IRR (internal rate of return) is the rate whereas the net present value (NPV) of project is zero.
We can easily calculate IRR in excel by the formula = IRR(-720000,230000,370000,360000) = 14.73%
However, this exercise want you to do the calculation manually, so we have to do as followings:
- calculate NPV of each year cash inflow with every present value of $1 according to every discount rate
- The sum up of all NPV of 3 years cash inflow with the initial investment
- Any sum up nearest to zero, then the applied rate is the IRR
For example 1: we do for rate 14%
NPV of Cash inflow Year 1 = 230,000*0.877= 201.710
NPV of Cash inflow Year 2 = 370,000*0.769= 284,530
NPV of Cash inflow Year 3 = 360,000*0.675= 243,000
So NPV of investment = 201.710 + 284,530 +243,000 – 720,000= 9,240
For example 2: we do for rate 15%
NPV of Cash inflow Year 1 = 230,000*0.870= 200,100
NPV of Cash inflow Year 2 = 370,000*0.756= 279,720
NPV of Cash inflow Year 3 = 360,000*0.658= 238,880
So NPV of investment = 200,100+ 279,720 + 238,880 – 720,000= (3,300)
The NPV of investment turn from $9,240 to (3,300) when rate change from 14% to 15%; thus IRR is between 14% and 15%
An increase in the amount of household wealth in an economy would ________ the average standard of living and would ________ the spending power experienced by the typical person.a. raise; have little effect onb. raise; improvec. raise; reduced. have no effect on; improvee. lower; reduce
Answer: raise; have little effect on is the correct option
Explanation:Wealth is understood as ownership of economic capital. It is viewed as a
dimension of people’s economic (or material) well-being, alongside income and
consumption. There are other concepts of capital that are important to people’s well-being
and complement the concept of economic capital, such as human capital, social capital
and collectively-held assets. However, while they may have considerable economic value to
the people that possess (or have access to) them, they are not material assets and liabilities
over which people can exercise ownership rights.
Information on household wealth is important at both the macro and micro levels.
Wealth is one of the key components of the economic system. It is a source of finance for
future consumption, for reducing vulnerability to shocks and to other unexpected
developments, and for undertaking business and other economic activities. At both the
macro and micro levels, household wealth statistics play a vital role in informing responses
to a wide range of policy and research questions. However, the perspectives and insights
provided at each level are also quite different. The primary focus
at the macro level is on the household sector’s wealth, its relation with the other sectors of
the economy, and its role within the broader economic system; conversely, the primary
focus at the micro level is on the wealth of individual households and its distribution
across different types of households.
Jack, a Caucasian male, works as a tennis coach with Shaquita, an African-American female. There is a well-known stereotype in the tennis community that women can’t serve as fast as men can. Based on the summaries of these two studies, which of the following statements would be most likely to decrease the speed of Shaquita’s serve because of the effects of stereotype threat?A) Shaquita, did you know that women make 99% of the decisions about which appliances to buy?
B) Shaquita . . . that’s an interesting name. So many of the women around here have boring names like "Mary" or "Sue."
C) Wow, Shaquita, did you see what Jim sold last month? Just remember, if you want your full commission this month, you’ve got to meet this week’s large appliance goals.
D) I expect all of the people on my sales team to do equally well—now let’s get out there and move some merchandise!
The correct question should be: "Jack, a Caucasian male, works in the sales department of a large home goods store with Shaquita, an African-American female. There is a well-known stereotype in the sales community that women sell less than men do. This stereotype is often accompanied by the idea that African-Americans sell less than Caucasians. Based on the summaries of these two studies, which of the following statements would be most likely to increase Shaquita’s sales of large appliances because of the effects of stereotype threat?"
Answer:
A) Shaquita, did you know that women make 99% of the decisions about which appliances to buy?
D) I expect all of the people on my sales team to do equally well, now let’s get out there and move some merchandise!
Explanation:
Stereotype threat occurs when a person who fits into a particular stereotyped group is worried about his or her action confirming that stereotype. This may end up affecting the person's performance on a task.
Both statements in options A and D chosen above, are likely to boost Shaquita's confidence and encourage her to improve her sales of large appliances.
Stereotype threat can impact performance of stereotyped groups; emphasizing stereotypes can have negative effects.
Stereotype threat is a phenomenon where individuals from stereotyped groups underperform in situations where stereotypes are activated. In the context of the question, a statement like C) Wow, Shaquita, did you see what Jim sold last month? Just remember, if you want your full commission this month, you’ve got to meet this week’s large appliance goals. would most likely decrease the speed of Shaquita’s serve due to the effects of stereotype threat by emphasizing the stereotype that women, like her, cannot serve as fast as men.
Elkins Corporation uses the perpetual inventory method. On March 1, it purchased $20,000 of inventory, terms 2/10, n/30. On March 3, Elkins returned goods that cost $2,000.
On March 9, Elkins paid the supplier. On March 9, Elkins should credit :
a. purchase discounts for $400.
b. inventory for $400.
c. purchase discounts for $360.
d. inventory for $360.
Answer:
d. inventory for $360.
Explanation:
The journal entry is shown below:
Account payable A/c Dr $18,000
To Cash A/c $17,640
To Inventory A/c $360
(Being the payment is recorded)
The computation of the account payable
= Purchased goods - returned goods
= $20,000 - $2,000
= $18,000
And, the discount would be
= Accounts payable × percentage given
= $18,000 × 2%
= $360
The remaining amount would be credited to the cash account.