Changes in the form of business organizations and ownerships
created a conflict of interest between many interested groups,
explain and how accounting solved this problem?
Answers
The history of business ownership and organization has always been characterized by a desire for continuous improvement and adaptation to new environments and conditions. As new business entities arose, they brought with them their own unique set of advantages, challenges, and limitations.
This transformation led to various stakeholders' conflict of interest since the formation of different businesses led to distinct objectives and goals being set by different business owners. As a result, in several ways, there has been a divergence of interests among the involved groups.Business ownership changes can occur as a result of several factors such as regulation, technology advancements, financial concerns, legal considerations, and competition. As the nature of business ownership and organization shifted, depending on their objectives and priorities.
Some of the primary sources of tension and conflicts of interest among stakeholders include the need for transparency and accountability, the identification and allocation of risks and rewards, and the sharing of profits and losses among different stakeholders.One way in which accounting resolved the conflicts of interest was by instituting a standard for accounting and financial reporting that all companies must follow. This standard enabled stakeholders to receive trustworthy, reliable information about the financial status of a business, allowing them to make informed decisions based on factual evidence.
Accounting also allows for the creation of financial statements that report the company's financial position, performance, and cash flow. The implementation of the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) has been instrumental in reducing conflicts of interest between different stakeholders by providing a consistent approach to accounting practices.In conclusion, as business ownership and organization change, different stakeholders' interests conflict with one another.
Accounting practices and principles provide a consistent framework for financial reporting, enabling stakeholders to have a better understanding of a business's financial status and making informed decisions.
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Can Some people give me brainliest I'll give ya'll all my points when I see it
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Answer:
Explanation: why u delete all your questions that u answered for me?
Gamma Company had the following inventory activity during April. Gamma uses a periodic inventory system and the FIFO cost flow assumption.
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Number of Units Available for Sale: 3,520 units
Inventory on April 30th: 1,050 units
Cost of Goods Sold: $58,948.20
To calculate the required numbers, we need to track the units and costs associated with the inventory activity. Let's perform the calculations step by step.
Number of Units Available for Sale:
Beginning Inventory: 920 units
Purchases: 1,200 units + 1,400 units = 2,600 units
Total Units Available for Sale = Beginning Inventory + Purchases = 920 + 2,600 = 3,520 units
Cost of Units Available for Sale:
To calculate the cost of units available for sale, we need to multiply the number of units by their respective costs.
Cost of Beginning Inventory: 920 units × $22 = $20,240
Cost of Purchases: 1,200 units × $24 + 1,400 units × $25 = $28,800 + $35,000 = $63,800
Total Cost of Units Available for Sale = Cost of Beginning Inventory + Cost of Purchases = $20,240 + $63,800 = $84,040
Inventory on April 30th:
Based on the physical count, there were 1,050 units on hand as of April 30th.
Cost of Goods Sold:
To calculate the cost of goods sold, we need to subtract the inventory on April 30th from the total units available for sale and calculate the cost accordingly.
Cost of Goods Sold = (Total Units Available for Sale - Inventory on April 30th) × Cost per unit
Cost per unit can be determined by dividing the total cost of units available for sale by the total units available for sale.
Cost per unit = Total Cost of Units Available for Sale / Total Units Available for Sale
Cost per unit = $84,040 / 3,520 units ≈ $23.86 (rounded to two decimal places)
Cost of Goods Sold = (3,520 units - 1,050 units) × $23.86 ≈ 2,470 units × $23.86 ≈ $58,948.20
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Gamma Company had the following inventory activity during April. Gamma uses a periodic inventory system and the FIFO cost flow assumption. Unit Date Cost, $ 22 1-Apr Beginning Inventory Purchase Purchase Units 920 1,200 1,400 17-Apr 24 24-Apr 25 Based on a physical count, Gamma determined there were 1,050 units on hand as of April 30th Calculate the following numbers and put your answers in the spaces provided below: # of Total Units Cost Available for Sale Inventory, April 30th Goods Sold
Chrome,Edge,Safari,and Firefox are all
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Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
Johan buys a watch for $100 ata vintage store Later, the store learns that the watch was wom by Sean Connery in a James Bond movie and wishes to rescind the sales contract they had with John Which of the following statements is true in this regard? A) The store cannot rescind or vold the contract 5) The store can rescind the contract immediately and refund $100 to John The store can declare the contract vold and pay John no money. D) The store can recover from John the difference between the value of the watch and the amount paid by John
Answers
The correct option in this regard is (A) The store cannot rescind or void the contract.
In this situation, the correct option is (A) because the concept of "mistake" in contract law does not typically apply to the discovery of an item's increased value after the contract has been entered into.
When Johan purchased the watch for $100 from the vintage store, a valid contract was formed between them. The fact that the store later discovers the watch's historical significance does not provide sufficient grounds for rescinding or voiding the contract.
In contract law, for a contract to be rescinded or voided, certain conditions must be met. These conditions usually include elements such as fraud, misrepresentation, duress, mistake, or incapacity.
However, in this scenario, none of these conditions are present. The store's lack of knowledge about the watch's true value does not constitute a mistake that would allow them to rescind the contract.
Once a valid contract has been formed, it is generally binding on both parties involved. This means that Johan has the right to keep the watch and the store is obligated to uphold their end of the contract, which is to sell the watch to Johan for the agreed-upon price of $100.
The store cannot unilaterally cancel the contract or demand additional money from Johan based on their discovery of the watch's increased value.
Therefore, option (A) is the correct statement in this situation, as the store cannot rescind or void the contract and must honor the sale to Johan for $100.
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In general, business writing should be _____.
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Business writing is important in the business community. The writing style and material must be specific in order to elicit a meaningful reaction and be expressive in nature.
What is a company definition in a nutshell?
A business is described as a company or organisation that engages in commercial, industrial, or professional activity. Companies can be either for-profit or non-profit organisations. Limited liability firms, sole proprietorships, corporations, and partnerships are all examples of business structures. The introduction to the business plan provides a basic summary of the business plan, including a brief company description, aims and objectives, and the reason for launching the firm.
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Apple used easy-to-open, clean-lined, well- designed packaging for all of its products. It is one of the distinguishing marks of its branding. By designing and creating such distinctive and pleasing packaging, what does Appel inspire in its customers?
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Brand loyalty is what apple does by well- designed packaging for all of its products. It is one of the distinguishing marks of its branding.
What is meant by design packaging?Form, structure, materials, color, imagery, typography, and regulatory information are all connected with auxiliary design aspects in packaging design to create a product that is fit for marketing.
However, there are a lot of factors to consider when creating a packaging because design must have a purpose. It must safeguard what's within. It must make storage and distribution simple. On a shelf stacked with other products, it must advertise who it is and bring attention to itself.
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If you know you are at risk of becoming unemployed, you should _____. a. wait until you officially lose the job to worry b. get additional education to learn new skills c. spend all your money while you are still making it d. ignore the economy, because it is always changing
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Answer:
B is the smartest option
The correct option is B. If you know you are at risk of becoming unemployed, you should get additional education to learn new skills.
When done properly, skill development can lower unemployment and underemployment, boost productivity, and raise living standards. It makes economic sense to assist people in expanding and updating their skill sets.
What is the importance of skills?Enhances communication, time management, and negotiation abilities, as well as the ability to expand one's professional network. Talent Development: Skills are something that can be learned. People can find, develop, and nurture their intrinsic talent in the preferred sector with the aid of skill training.
Fundamentally, skills development helps people to pick up new talents in order to find employment and possibly launch a lifetime career. Youth are especially vulnerable to unemployment in our country, which affects 29% of the population; 55.2% of those between the ages of 15 and 24 are jobless.
The best choice is B. If you are aware that you could lose your job, you should continue your education to pick up new skills.
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The law of demand states that:
O A. demand for a.product rises when its price falls.
B. demand for a product rises when its supply falls.
C. demand for a product falls when its price falls.
D. demand for a product rises when its supply rises.
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The Spearman-Brown formula is used:a. to correct a test-retest reliability coefficient.b. to correct a split-half reliability coefficient. c. when the items are all of the same difficulty level.d. when the items are of differing levels of difficulty.
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The Spearman-Brown formula is a statistical tool used to b) correct a split-half reliability coefficient.
Split-half reliability is a measure of internal consistency that involves dividing a test into two halves and comparing the scores of each half to determine how consistently the test measures a particular construct. The Spearman-Brown formula is used to estimate the reliability of the full-length test based on the reliability of the two halves.
When the items on a test are of differing levels of difficulty, the Spearman-Brown formula can be used to adjust for the fact that the two halves may not be perfectly equivalent. By increasing the length of the test, the formula can account for the variability in difficulty between the two halves and provide a more accurate estimate of the test's reliability.
However, it should be noted that the Spearman-Brown formula is not appropriate for correcting a test-retest reliability coefficient. Test-retest reliability is a measure of consistency over time and is influenced by factors such as memory and practice effects. To correct for these factors, other statistical tools such as the intraclass correlation coefficient or Cohen's kappa may be more appropriate.
Therefore, the correct answer is b) correct a split-half reliability coefficient.
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if a paper mill shuts down its operations for three months so that it produces nothing, which part of its cost is reduced to zero?
Answers
The variable cost of a paper mill is reduced to zero if it stops production for three months.
What is a variable cost?A variable cost is a type of business expense that varies depending on how much a company produces or sells. Variable expenses grow and fall with changes in production, depending on a company's amount of sales.
Examples of variable costs include raw material and packaging costs for manufacturing companies, as well as credit card transaction fees and shipping costs for retail businesses, which fluctuate with sales. A fixed cost can be contrasted with a variable cost.
What Is the Total Variable Cost Formula?
Every unit of production should ideally have the same amount of variable expenses because they scale together. As a result, the total output quantity can be multiplied by the unit variable cost to determine total variable costs.
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In a(n) __________, an inexperienced worker learns by working alongside an experienced employee to master the skills and procedures of a craft
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In a(n) apprenticeship, an inexperienced worker learns by working alongside an experienced employee to master the skills and procedures of a craft
Mackenzie is working on the yearly budget for her gift shop. She is very nervous because some months have been busier than others. She has also had some expenses that she wasn’t expecting but she hopes that the profits from some of the bigger sales she made will offset that. To her surprise, once she completes her budget, Mackenzie realized that her revenues and expenses for her gift shop were equal. Which term BEST describes Mackenzie’s budget?
0 deficit budget
0 balanced budget
0 depreciation
0perishability
Answers
If to her surprise, once she completes her budget, Mackenzie realized that her revenues and expenses for her gift shop were equal. The term BEST describes Mackenzie’s budget is: B. balanced budget.
What is balanced budget?A balanced budget can be defined as the type of budget in which both the revenue and expenses are equal which implies that their no either budget surplus or budget deficit.
A budget can be said to be surplus budget when the revenue is higher or greater that the expenditure and as well a budget can be classified as deficit budget when the expenditure or total amount spent is higher than the revenue.
This scenario best illustrate balanced budget based on the fact that we were told she realized that the revenues and expenses were equal.
Therefore we can conclude that the correct option is B.
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Airbnb stakeholder governance strategic issues and how they can
be replaced with new strategic management.
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Airbnb, an online marketplace and hospitality service, has changed the face of the traditional hospitality sector. The company provides guests with a range of lodging options that include apartments, homes, villas, and other exotic locations.
Airbnb has become the preferred accommodation option for travelers due to its cost-effectiveness, comfort, and flexibility. However, the company is faced with strategic governance issues related to its stakeholders, including customers, hosts, and regulators, among others.
One of the significant governance issues facing Airbnb is the lack of control over the quality of services provided by the hosts. Airbnb relies on its hosts to provide quality services to its guests, and the company cannot guarantee that the hosts meet its standards. As a result, Airbnb faces the risk of negative publicity if guests are not satisfied with the quality of the services provided by the hosts. Furthermore, the regulatory environment is another significant issue that Airbnb faces. The company has faced regulatory hurdles in different cities around the world, with some governments considering it an illegal operation.
Another issue facing Airbnb is the lack of diversity in its host community. The majority of Airbnb hosts are White and middle-class, which makes the company vulnerable to charges of discrimination. Airbnb has tried to address this issue by implementing anti-discrimination policies and programs to promote diversity, but the company still faces criticism on this front. Finally, another issue facing Airbnb is its impact on the housing market. Some critics argue that Airbnb contributes to rising housing costs, as hosts remove rental properties from the long-term rental market, reducing the supply of affordable rental properties.
To replace these governance issues, Airbnb needs to adopt a new strategic management approach. One way of doing this is by strengthening its relationships with its stakeholders, including customers, hosts, and regulators. This can be done by implementing quality control measures that ensure the hosts provide quality services to guests and complying with local regulations. Additionally, Airbnb can promote diversity in its host community by launching targeted marketing campaigns that encourage hosts from different backgrounds to join the platform. Airbnb can also partner with local governments and housing advocacy groups to address concerns about the impact of short-term rentals on the housing market. In conclusion, by adopting a new strategic management approach, Airbnb can address its governance issues and improve its reputation.
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A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business
Answers
Answer:
From my understanding,I don't think so
Explanation:
because of the coronavirus from where I'm living those that are selling face mask and hand sanitizer are benefiting more from it than others
Which of the following is not an example of professional behavior
?
Answers
Identify a decision you have made recently. In a paragraph of 125 words, explain the process you used to make the decision. Share how you feel about the decision you made: Was it successful? Was it the best possible decision? Describe how using the seven-step decision-making process might have changed the outcome of your decision.
Answers
I recently made a business decision, on whether to start a car wash firm or to sell stationeries. my decision was to try to decide on the problems and solutions associated with each business, and the viability.
Decision making processWhen making a reсent decisiоn, I started by identifying thе рroblem аnd gathеring informаtion. Тhen, I brainstormed possiblе sоlutiоns аnd еvaluatеd eаch onе based on its feаsibility, cost, аnd potеntial outcome. Aftеr weighing thе prоs аnd cоns, I сhose thе sоlutiоn that seemed to be thе most effeсtive аnd aligned with my values. I fеlt cоnfident in my decisiоn аnd implеmеntеd it, taking note оf аny feedbaсk or adjustments that might be necessаry.
Looking baсk, using thе seven-steр decisiоn-making proсess could hаve hеlpеd me make an even morе informеd аnd effeсtive decisiоn. The proсess involvеs defining thе рroblem, sеtting goals, identifying altеrnativеs, evаluаting altеrnativеs, seleсting thе best аlternаtive, imрlementing thе decisiоn, аnd evаluаting thе results. Вy going through eаch steр in morе detail, I might hаve been аble to cоnsider additional fаctors аnd oрtions, leading to an even better outcome. Anyway, I am sаtisfied with thе decisiоn I made аnd believe it was suссessful given thе informаtion аnd resources availаble to me at thе time.
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The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $561,000.
Answers
Answer:
April May June
Beginning cash balance 182,000 264,650 434,150
Cash collections from credit sales 577,750 622,700 621,650
Total cash available 759,750 887,350 1,055,800
Purchases -289,000 -302,000 -282,000
Wages, taxes and expenses -137,000 -129,000 -179,000
Interest -15,600 -15,600 -15,600
Equipment purchases -53,500 -6,600 -248,000
Total cash disbursements -495,100 -453,200 -724,600
Ending cash balance $264,650 $434,150 $331,200
Explanation:
cash collections:
March = (60% x $561,000) + (35% x $689,000) = $577,750
April = (60% x $689,000) + (35% x $598,000) = $622,700
May = (60% x $598,000) + (35% x $751,000) = $621,650
You can best show a business your interest in their job position through:
A.)social media
b.) an application
c.) a resume
d.) a cover letter
Answers
Answer:
d.) a cover letter
Explanation:
The best way to show a company/business your interest in the job position is through the cover letter. This is a letter that goes in front of your resume when applying for a job and is where the applicant usually explains who they are and why they want the job. This cover letter is the first thing that the employer will see and should tell them why you want the job and why you are the best choice for that job in order to convince them into interviewing or hiring you.
Who is the author of Carlo Gambino Paul's book?
Answers
what's predictive analytics?
Answers
Predictive analytics is a branch of advanced analytics that uses current and historical data to forecast activity, behavior and trends.
Predictive analytics is a powerful tool for businesses to identify potential opportunities and risks, optimize customer relationships, and improve decision-making. It uses current and historical data to forecast activity, behavior, and trends using a variety of statistical techniques from data mining, predictive modeling, and machine learning. Predictive analytics can help businesses anticipate customer financial statements needs and make more informed decisions, allowing them to stay ahead of the competition and maximize profits. Additionally, predictive analytics can be used to optimize processes and increase efficiency, as well as to identify potential areas of growth and new opportunities. In short, predictive analytics is an invaluable tool for businesses of all sizes that can help them make more informed decisions, increase profits, and stay ahead of the competition.
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An annuity owner receives the same guaranteed payment every month. what type of annuity is it?
Answers
It is Fixed annuities.
The three primary annuity kinds are immediate or deferred variable annuities, fixed annuities, and fixed indexed annuities. When you will start receiving payments is indicated by the immediate and postponed classes. Fixed annuities ensure that the purchase money will receive a minimum amount of interest. The amount of income paid does not change from one payment to the next. A fixed annuity is a sort of insurance contract that guarantees the purchaser will receive a certain interest rate on their account contributions. A variable annuity, on the other hand, offers interest payments that may change according to the performance of an investment portfolio that the account owner has chosen.
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Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $4 million, $7 million, $11 million, and $15 million. After the fourth year, free cash flow is projected to grow at a constant 6%. Brandtly's WACC is 10%, the market value of its debt and preferred stock totals $50 million; and it has 15 million shares of common stock outstanding. Write out your answers completely. For example, 13 million should be entered as 13,000,000. What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your
Answers
Answer:
Brandtly Industries
The present value of the free cash flows projected during the next 4 years is $27,924,000 in total, details for each year are below:
Explanation:
a) Data and Calculation of the Present Value of the Free Cash Flows:
Present Value of Projected Free Cash Flows
Free Cash Flow Discount Factor PV
Year 1: $4,000,000 0.909 $3,636,000
Year 2: $7,000,000 0.826 $5,782,000
Year 3: $11,000,000 0.751 $8,261,000
Year 4: $15,000,000 0.683 $10,245,000
Total $37,000,000 $27,924,000
b) To get the present value of the free cash flow for each year for Brandtly Industries, we discounted the free cash flow with their discount factors from the present value table at 10%, which is the weighted average cost of capital as given in the question.
The summation of the present values gives the total free cash flows projected for the next four years.
the accuracy between an external and an internal thread is specified in trade handbooks and manufacturer’s tables as a ____.
Answers
The accuracy between an external and an internal thread is specified in trade handbooks and manufacturer’s tables as a class.
What is external and internal thread?
An external thread is a type of screw thread where the threads are on the outside surface of a cylinder or cone. Internal threads, on the other hand, have threads that are on the inside of a hollow cylindrical or conical surface. This internal thread on the inside of the nut that engages with the screw thread is complementary to the screw thread.
What is the accuracy of external and internal thread?
The accuracy of external and internal threads is specified in trade handbooks and manufacturer’s tables as a class. In order to determine the proper class of fit, you'll need to know the maximum and minimum pitch diameter of both the internal and external threads.External threads, or screws, are classified by the number of turns per inch, the diameter of the thread, and the length of the thread.Internal threads are classified in a similar way, but instead of being based on the number of turns per inch, they are based on the diameter of the hole that the screw thread is meant to fit into. The fit between a screw thread and its matching hole is determined by the class of fit, which is specified in trade handbooks and manufacturer's tables.The class of fit is usually indicated by a number and a letter. The number refers to the tolerance, or how much variation is allowed, and the letter refers to the pitch diameter tolerance, which determines the fit between the external and internal threads.
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A machine has an initial cost of P 40 000 and an annual maintenance cost of P 5 000. Its useful life is 10yrs and salvage value of P 8000. The annual benefit from purchasing the machine is P 16 000. The effective annual interest rate is 12%. What is the machine's benefit-cost ratio? Answer:
Answers
To calculate the machine's benefit-cost ratio, we need to determine the total costs and total benefits over its useful life. the machine's benefit-cost ratio is approximately 1.951.
Here's how we can calculate it:
Total Costs:
a. Initial cost: P40,000
b. Annual maintenance cost: P5,000
c. Salvage value: P8,000
The total costs over the machine's useful life can be calculated as follows:
Total Costs = Initial cost + (Annual maintenance cost * Number of years) - Salvage value
Total Costs = P40,000 + (P5,000 * 10) - P8,000
= P40,000 + P50,000 - P8,000
= P82,000
Total Benefits:
The annual benefit from purchasing the machine is P16,000. Since the machine's useful life is 10 years, the total benefits can be calculated as:
Total Benefits = Annual benefit * Number of years
Total Benefits = P16,000 * 10
= P160,000
Benefit-Cost Ratio:
The benefit-cost ratio is the ratio of total benefits to total costs.
Benefit-Cost Ratio = Total Benefits / Total Costs
Benefit-Cost Ratio = P160,000 / P82,000
= 1.951
Therefore, the machine's benefit-cost ratio is approximately 1.951.
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What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?
A. The borrower can ask for fees and penalties to be eliminated.
B. The borrower can ask for a reduction of the interest rate.
C. The borrower can ask to be absolved of some of the debt.
D. The borrower can ask for the monthly payment to be reduced.
Answers
The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
What happens if the borrower fails to repay the loan?A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).
When the repayment is overdue, the lender can seize the asset of the borrower and when a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
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Answer:
C. The borrower can ask to be absolved of some of the debt
Explanation:
broadband, inc. has estimated preliminary cash flows for a project and found that the npv for those cash flows is $1,000,000. the company now plans to perform a scenario analysis on the cash flow and npv estimates. it will use an npv of $ as the base case. multiple choice question.
Answers
The company now plans to perform a scenario analysis on the cash flow and NPV estimates. It will use an NPV of $1,000,000 as the base case.
What is preliminary cash?A company's preliminary cash is an estimate of the cash flows it anticipates from a specific project. These projections are created before the project starts and are predicated on predictions of the project's projected future earnings and costs. The project's potential profitability is assessed using preliminary cash flows, which are also used to calculate the project's net present value (NPV). Because they enable businesses to make well-informed choices about whether to invest in a specific project, preliminary cash flows are crucial. They give businesses the ability to weigh the project's potential risks and benefits and decide whether the anticipated cash flows will be enough to recover the initial investment and turn a profit over time.
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CASE STUDY ANNUAL WORTH ANALYSIS-THEN AND NOW Background and Information Mohamad, owner of an residential furnished apartment's in Dubai, performed an economic analysis 3 years ago when he decided to place an new eefficient central AC unit for each apartments instead of old split units windows type in each room. The estimates used and the annual worth analysis at MARR = 15% are summarized below. Two different AC brands were compared. LG York -26,000 -36,000 Cost and installation, S Annual maintenance cost, $ per year -800 -300 Salvage value, S 2,000 3,000 Electrical power savings, $ per year 25,000 35,000 Useful life, years 7 10 The spreadsheet in below sheet is the one Mohamad used to make the decision. York was the clear choice due to its substantially larger AW value, hence York AC units were installed. MARR 15% Years Investment and salvage 0-$26,000 Repair savings $0 $25,000 $25,000 Investment and salvage -$36,000 York Annual Repair maintenance savings $0 -$300 $0 $35,000 1 $0 $0 2 $0 $0 -$300 $35,000 3 $0 $25,000 $0 -$300 $35,000 4 $0 $25,000 $0 -$300 $35,000 5 $0 $25,000 $0 -$300 $35,000 6 $0 $25,000 $0 -$300 $35,000 7 $2,000 $25,000 $0 -$300 $35,000 8 $0 -$300 $35,000 9 $0 -$300 $35,000 10 $3,000 -$300 $35,000 -$6,068 $25,000 -$7,025 -$300 $35,000 AW element Total AW LG Annual maintenance $0 -$800 -$800 -$800 -$800 -$800 -$800 -$800 -$800 $18,131.35 $27,674.68 During a quick review (year 3 of operation), it was obvious that the maintenance costs and repair savings have not followed (and will not follow) the estimates made 3 years ago. In fact, the maintenance contract cost is going from $300 this year (year 3) to $1200 per year next year and will then increase 13% per year for the next 7 years. Also, the electrical power savings for the last 3 years were $31,312 (year 1), $27,565 (year 2), and $30,493( year3), as best as Mohamad can determine. He believes savings will decrease by $2,199 per year hereafter. Finally, these 3-year-old AC units are worth nothing on the market now, so the salvage is zero, not $3000. Q1 - With these new estimates, What is the AW of the Investment and Salvage value for YORK AC unit? Q2 - With these new estimates, What is the FW of the Investment and Salvage value for YORK AC unit? Q3 - With these new estimates, what is the recalculated AW maintenance cost for the YORK AC units? Q4 - With these new estimates, what is the recalculated PW maintenance cost for the YORK AC units? Q5 - With these new estimates, what is the recalculated Total AW for YORK AC units. Q6 - With these new estimates, what is the recalculated Total FW for YORK AC units. Q7 - With these new estimates, what is the recalculated Total PW for YORK AC units. Q8 - If these estimates had been made 3 years ago, would YORK still have been the economic choice, why explain your answer Q9 - What is difference in capital recovery amount for the YORK units with these new estimates? Q10 - If MARR is changed to 10% for the upcoming 7 years what will be the Total PW for the YORK units?
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Q1 - With these new estimates, the salvage value for YORK AC units is zero (0), as mentioned in the case study. Q2 - To calculate the Future Worth (FW) of the Investment and Salvage value for YORK AC units, we need the salvage value, the useful life, and the MARR.
Since the salvage value is zero and the useful life is 10 years, we can use the formula for FW: FW = Salvage Value / (1 + MARR)^n FW = 0 / (1 + 0.15)^10 = 0 Therefore, the FW of the Investment and Salvage value for YORK AC units is zero. Q3 - The recalculated Annual Worth (AW) maintenance cost for the YORK AC units can be determined using the new estimates provided. According to the case study, the maintenance contract cost is going from $300 in year 3 to $1200 per year in the next year (year 4) and will increase by 13% per year for the following 7 years. To calculate the AW maintenance cost, we can use the following formula: AW = (Annual Maintenance Cost - Salvage Value) / (1 + MARR) + (Annual Maintenance Cost - Salvage Value) / (1 + MARR)^2 + ... Using the given information: AW maintenance cost = ($300 - $0) / (1 + 0.15) + ($1200 - $0) / (1 + 0.15)^2 + ($1200 * 1.13 - $0) / (1 + 0.15)^3 + ... Q4 - The recalculated Present Worth (PW) maintenance cost for the YORK AC units can be calculated by summing the present values of each year's maintenance cost. The formula for PW is similar to AW, but without dividing by (1 + MARR)^n. The PW maintenance cost can be calculated as follows: PW maintenance cost = ($300 - $0) + ($1200 - $0) / (1 + 0.15) + ($1200 * 1.13 - $0) / (1 + 0.15)^2 + ... Q5 - The recalculated Total AW for YORK AC units can be obtained by subtracting the FW (which is zero) from the sum of the AW maintenance cost and the AW of electrical power savings. The formula for Total AW is: Total AW = AW maintenance cost + AW of electrical power savings - FW Q6 - The recalculated Total FW for YORK AC units will be zero, as the salvage value is zero and there are no other cash flows contributing to FW. Q7 - The recalculated Total PW for YORK AC units can be calculated by subtracting the salvage value (which is zero) from the sum of the PW maintenance cost and the PW of electrical power savings. The formula for Total PW is: Total PW = PW maintenance cost + PW of electrical power savings - Salvage Value Q8 - If these estimates had been made 3 years ago, YORK may not have been the economic choice. The decision to choose YORK AC units was based on the initial estimates, which have now changed significantly. The maintenance costs have increased, electrical power savings have decreased, and the salvage value is now zero. Q10 - To calculate the Total PW for the YORK units with a MARR of 10% for the upcoming 7 years, you would need the new estimates for electrical power savings and maintenance costs at the 10% MARR rate. With this information, you can apply the same calculations as mentioned earlier for Total PW, taking into account the revised values for electrical power savings and maintenance costs.
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An economy in the steady state has a marginal product of capital of 9 percent, a rate of depreciation of 3 percent, a population growth rate n of 1 percent, and rate of technological progress of g = 1 percent. According to the text, this economy could _____ in order to achieve the Golden Rule capital per effective worker.
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The economy could invest 34.78% of its output per effective worker in capital per effective worker to achieve the Golden Rule capital per effective worker.
Golden Rule Capital:The Golden Rule capital per effective worker is the level of capital per effective worker that maximizes consumption over time. It is the level of capital per effective worker that allows for the highest possible consumption in every period of time.To achieve this, the economy must increase its investment in capital per effective worker.
This investment will increase the productivity of the economy, allowing for more output to be produced for every unit of labor input.
As the productivity of the economy increases, the economy will be able to produce more goods and services, which will lead to higher consumption levels over time.In order to calculate the level of investment required to achieve the Golden Rule capital per effective worker, we need to use the following formula:
k* = (1/3 + n + g) / (1 + n) * y
Where : k* = the level of capital per effective worker that maximizes consumption over time
y = output per effective worker
k = capital per effective worker
n = population growth rate
t = technological progress rate
g = marginal product of capital - rate of depreciation
Given the values of the marginal product of capital (g) = 9%, the rate of depreciation = 3%, the population growth rate (n) = 1%, and the rate of technological progress (t) = 1%, we can calculate the level of investment required to achieve the Golden Rule capital per effective worker as:
k* = (1/3 + 0.01 + 0.01) / (1 + 0.01) * y
k* = 0.3478 * y
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1. Propose ways to address the problem of structural unemployment 2. Which of the market structures would grocery shops and convenience stores be classified in? Are they able to practice price discrimination? 3. Demand and supply function for good X is given as follows: Q-1600-20P; Q.--800+40P a) Find the equilibrium price b) How will demand and supply change if: a. A ceiling price is set at $30 b. A floor price is set at $50 c) Explain why governments institute price ceilings and floors.
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Ways to address the problem of structural unemployment:
a) Enhancing education and retraining programs: Providing opportunities for individuals to acquire new skills or upgrade existing skills can help them adapt to changing job requirements and improve their employability in emerging industries.
b) Promoting entrepreneurship and innovation: Encouraging entrepreneurship can lead to the creation of new businesses and job opportunities, while innovation can drive productivity and industry growth.
c) Implementing labor market policies: Developing policies that support job matching, such as job placement services and job-matching platforms, can help connect job seekers with available opportunities.
d) Supporting regional economic development: Focusing on the development of specific industries or regions can help stimulate job creation and economic growth in areas affected by structural unemployment.
e) Collaboration between government, educational institutions, and businesses: Strengthening partnerships to align education and training programs with industry needs can improve the transition of individuals into employment.
Grocery shops and convenience stores are typically classified under the market structure of monopolistic competition. In this market structure, there are many sellers offering differentiated products, but there is still some level of market power as each seller can differentiate their products through branding, location, or product variety. While grocery shops and convenience stores may engage in some level of product differentiation, they may not have significant pricing power to practice extensive price discrimination. Price discrimination typically requires the ability to segment customers based on their willingness to pay and charge different prices accordingly.
a) Equilibrium price: To find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied. Setting Qd (demand) equal to Qs (supply) gives us:
1600 - 20P = 800 + 40P
Simplifying the equation, we get:
60P = 800
P = 800/60 = $13.33 (rounded to the nearest cent)
Therefore, the equilibrium price is approximately $13.33.
b) Impact of price ceilings and floors:
a. Ceiling price set at $30: If a price ceiling of $30 is set, it is below the equilibrium price of $13.33. This will create excess demand as quantity demanded exceeds quantity supplied. Shortages may occur, and consumers may face difficulty in purchasing the product at the capped price.
b. Floor price set at $50: If a floor price of $50 is set, it is above the equilibrium price of $13.33. This will create excess supply as quantity supplied exceeds quantity demanded. Surpluses may occur, and suppliers may struggle to sell the product at the higher price.
c) Reasons for price ceilings and floors:
Governments institute price ceilings to protect consumers from excessively high prices and ensure affordability of essential goods or services. It is often implemented in markets where there may be limited competition or market power that could lead to price exploitation.
Price floors, on the other hand, are instituted to protect producers or suppliers from extremely low prices that may threaten their profitability or sustainability. Price floors can be used to stabilize incomes, support specific industries or sectors, or ensure fair wages for labor.
Both price ceilings and floors are interventions used to address market failures or social concerns in specific industries or markets.
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prepare a double entry ledger entries January 3 took out of the cash till$50 and put into the business by cheque Jan 4 the proprietor put a further$5000 in to business by cheque .please I need it quick
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Explanation:
In the first entry, $50 is taken out of the cash till and put into the business as drawings. The effect is a decrease in the cash balance and an increase in the drawings account.
In the second entry, the proprietor puts a further $5000 into the business by cheque. The effect is an increase in the capital account and an increase in the bank balance.
It's important to note that "Drawings" and "Capital" are the accounts used to record the personal transactions of the business owner in this case, it is assumed that the business is a proprietorship. Other forms of business may have different accounts to record the personal transactions of the owne