Decision makers who search for _______ solutions use ideas they've tried before or follow the advice of others who have faced similar problems. A. custom-made B. ready-made C. unique D. original
Answers
Option B, is ready-made. Decision-makers who search for ready-made solutions use ideas they've tried before or follow the advice of others who have faced similar problems. Ready-made solutions are pre-built and pre-tested by professionals to serve as templates for specific issues.
They're readily available in the market for customers to buy and use according to their requirements. Decision-makers typically prefer ready-made solutions to save time and effort in the decision-making process. When decision-makers are uncertain about a problem or the effectiveness of their decisions, they frequently seek ready-made solutions. It's because they believe that ready-made solutions have been tried and tested by others, which reduces the risk of poor decisions.
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Related Questions
What is the best definition of technology?
Technology is replacing human workers with mechanical or electronic devices.
Technology is applying scientific knowledge to find answers and fix problems.
Technology is using fewer resources to manufacture goods more efficiently.
Technology is hiring workers from all over the world to manufacture goods.
Answers
Answer:
technology is applying scientific knowledge to find answers and fix problems.
Explanation:
thats what i think. sorry if its wrong
Answer:
EDG: A-Technology is applying scientific knowledge to find answers and fix problems.
Explanation:
A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable
Answers
A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
What is a promissory note?A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.
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Mrs. Cook carries limits of liability of $100,00/$300,000/$50,000 on her personal automobile policy. After an accident, Mrs. Cook's insurer paid $80,000 in bodily injury damages and her defense costs were $40,000. What amount did the insurer pay as a result of this accident?
Answers
Answer: $120,000
Explanation:
Based on the information given, the amount that the insurer will pay as a result of this accident will be gotten by adding the amount of bodily injury damages and the defense costs. This will be:
= $80000 + $40000
= $120,000
Therefore, the insurer will pay $120,000.
Explain what a trade war is
Answers
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
52. With respect to the bank reconciliation which is correct?
A. Subtract outstanding checks from the company's balance.
B. Add deposits in-transit to the company's balance.
C. Add service charge to the company's balance.
D. Subtract NSF checks from the company's balance.
E. Subtract interest earned from the bank's balance.
Answers
When doing a bank reconciliation, the correct procedure is to D. Subtract NSF checks from the company's balance.
What is an NSF check?They stand for Not Sufficient Balance.They mean that the person who deposited the check did not have enough money in their account to honor the check.As a result, the company would not get that money so this amount needs to be subtracted from the company account to show that the company never received this money.
In conclusion, option D is correct.
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your company is manufacturing a new product , you need to establish a product quality control process. what are three things you must do to create/ establish. your product quality control process? (choose 3). 1.) developing the product website and social media campaign ? 2.) setting up your test market strategy ? 3.) review the results of internal quality assurance testing ? 4.) establish the method to use or testing product quality ? 5.) determine what standards have to be met based on the product and industry ? 6.) publish your test results in a popular professional journal?
Answers
Answer:5,4,and1
Explanation:
Describe how the three factors of individual values, organizational factors, and opportunity may have contributed to the misconduct.
Answers
Answer:AAA
Explanation:A
The scandal that occurred at the air force is showed to have been caused by organizational pressure which forced candidates at the academy to cheat so as to pass their tests. So, the organizational factor is consider on the situation.
What do you mean by the Organizational factor?Operational characteristics, procedures, or conditions within an organisation can be considered of as organizational influencing factors.
Structure and philosophy, team resources and administrative support, as well as communication and coordination systems, are all organizational elements that may effect collaboration.
Therefore, the scandal that occurred at the air force is showed to have been caused by organizational pressure which forced candidates at the academy to cheat so as to pass their tests. So, the organizational factor is consider on the situation.
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Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answers
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
Michelle is washing her older model car and is approached by a man who offers to bill her insurance company for replacing her windshield. He will bill the company but not replace the glass, and they w
Answers
Michelle is washing her car when approached by a man who offers to bill her insurance company for replacing her windshield. He will bill the company but not replace the glass, and they will split the payment. This is insurance fraud.
Insurance fraud refers to the act of providing false information to an insurance company, intending to receive a financial benefit from them. In the given scenario, the man who offered to bill Michelle's insurance company for replacing her windshield is engaging in insurance fraud, which is illegal. He plans to submit a false claim to the insurance company and split the payment with Michelle.
The consequences of engaging in insurance fraud are serious. Michelle could be fined or even imprisoned for being involved in fraudulent activities. This activity could also lead to an increase in her insurance premiums in the future, which could be a financial burden for her.
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Hotel Floyd is a 16-room boutique hotel located in the Blue Ridge Mountains of Virginia features bamboo floors, eco- friendly paints, geothermal heating and cooling, low flush toilets, custom made local art and furniture, custom lighting to minimize energy consumption, and the only public electric car charging station in the area. These are the examples
of the hotel's emphasis on:
Select one:
• a. planet only in the triple bottom line
b. profit only in the triple bottom line
• c. people, profit and planet in the triple bottom line
• d. people only in the triple bottom line
Answers
Hotel Floyd's emphasis on features such as bamboo floors, eco-friendly paints, geothermal heating and cooling, low flush toilets, custom made local art and furniture, custom lighting to minimize energy consumption, and the only public electric car charging station in the area showcases a commitment to the triple bottom line, which includes people, profit, and planet.
In terms of people, the hotel demonstrates a focus on sustainability by implementing eco-friendly practices that promote the well-being of guests and the local community. This includes providing a healthy and comfortable environment with features like bamboo floors and geothermal heating and cooling, which contribute to improved indoor air quality and reduced energy consumption. Additionally, the hotel supports local artists and craftsmen by showcasing their work through custom-made art and furniture, thereby fostering a sense of community and supporting the local economy.
Regarding profit, Hotel Floyd recognizes the value of sustainable practices as a competitive advantage. By implementing energy-efficient measures like custom lighting and geothermal systems, the hotel can reduce operational costs in the long run. Additionally, being the only hotel in the area with an electric car charging station can attract environmentally conscious guests who value sustainable transportation options, thereby increasing revenue and market share.
Finally, the hotel's commitment to the planet is evident through its eco-friendly initiatives. The use of low flush toilets helps conserve water, reducing the hotel's environmental footprint. Furthermore, by offering the only public electric car charging station in the area, Hotel Floyd encourages the adoption of electric vehicles, promoting cleaner transportation alternatives and contributing to a reduction in greenhouse gas emissions.
In conclusion, Hotel Floyd's emphasis on sustainable features and practices demonstrates its commitment to the triple bottom line, encompassing people, profit, and planet. By considering the well-being of guests, pursuing economic benefits through sustainable practices, and prioritizing environmental responsibility, the hotel exemplifies a holistic approach to business that considers social, financial, and environmental factors.
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what are some choices you have made/could make that would influence your future choices and options?
i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).
Answers
Answer:
I would have good company.
I would ensure that I have good communication skills.
I would have a mentor in my choice of career/study or life in general.
I would have a personal relationship with God.
Explanation:
In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.
what is the double entry system?
Answers
Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?
Answers
Answer:
Debit Supplies Expenses $850 and Credit supplies $850
Explanation:
Kimdly check attached picture for explanation
Although Zappos has around 900,000 unique products in its warehouse, company executives think there is room for more. Zappos is utilizing ______ for this promotion.
Answers
Answer: email marketing
Explanation:
Email marketing is the act of promoting a business, a product or anything worth promoting or an exchange of mail. This emails are sent to existing and prospective customers either telling them of this new product or promoting existing goods and services. Zappos utilizes email marketing for this promotion.
Which of the following is an example of a situation where a duty of care
exists?
O A. A property owner in relation to a trespasser of whose presence the
owner is unaware
B. A factory where an employee ignores warning signs to enter a
dangerous area without permission
O C. An airport where an individual has fled from security on foot and
entered the airstrip
D. A daycare employee with a child whose parents are late to pick
him up
Answers
Answer:
D. A daycare employee with a child whose parents are late to pick him up
Explanation:
g identify which offering process is typically used for treasury debt securities? group of answer choices a. brokered b. competitive c. direct listing d. negotiated
Answers
Competitive (Auction) is a government-identified offering method that is commonly utilized for treasury debt securities.
What are treasury debt securities?United States Treasury securities, often known as Treasuries or Treasury, are government debt instruments issued by the United States Department of Treasury to fund government expenditure rather than taxation.
Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities are the four forms of marketable Treasury securities. The government auctions off these securities through the Federal Reserve Bank of New York, after which they can be sold in secondary markets.
Treasury securities are backed by the full confidence and credit of the United States, which implies that the government guarantees to repay them using any legally possible methods. Despite the fact that the United States is a sovereign authority with no recourse, its track record of repayment has earned Treasury securities a reputation as one of the world's lowest-risk investments. Treasuries have a unique niche in the financial system because of their low risk, where they are utilized as cash equivalents by institutions, businesses, and affluent investors.
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Choose the option that best completes the following statement.Considering the strategies used to adjust capacity, levelproduction sets production at a fixed rate to meet average demandis commonly used when demand fluctuations are NOT extremeis feasible for unskilled jobs or in areas with large temporarylabor pools requires maintaining strong ties with possiblesuppliers and firsthand knowledge of their work Which of thefollowing is NOT generally an option in ensuring supply meetsdemand in the sales and operations aggregate planning process:building new facilities or purchasing new equipment buildingup or depleting inventory levels subcontracting out work hiringor laying off workers
Answers
While strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
The option that is NOT generally an option in ensuring supply meets demand in the sales and operations aggregate planning process is "building new facilities or purchasing new equipment."
In the sales and operations aggregate planning process, the aim is to align production capacity with the anticipated demand in the most efficient and cost-effective manner. The strategies mentioned in the statement, such as level production, building up or depleting inventory levels, subcontracting out work, and hiring or laying off workers, are commonly employed to manage capacity and meet demand fluctuations.
Building new facilities or purchasing new equipment is not generally considered an option in the aggregate planning process because it involves significant capital investments and takes a considerable amount of time to implement. These options are typically long-term decisions that require careful analysis and planning beyond the scope of aggregate planning, which focuses on medium-term capacity adjustments.
Instead of building new facilities or purchasing equipment, aggregate planning aims to optimize the utilization of existing resources and adjust capacity through more flexible means such as inventory management, subcontracting, and adjusting the workforce size. These options provide a more agile and cost-effective approach to aligning supply with demand.
In conclusion, while strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
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Companies purchase inventory that is primarily in finished form and ready for resale to customers.a. Trueb. False
Answers
The given statement "Companies purchase inventory that is primarily in finished form and ready for resale to customers" is true because Companies purchase inventory that is primarily in finished form and ready for resale to customers, such as goods that have already been manufactured and packaged for sale.
Inventory refers to the goods that a company has on hand and available for sale to customers. Companies typically purchase inventory that is already in finished form and ready for resale, rather than raw materials or unfinished goods that require further processing. Examples of finished goods inventory include products that have been manufactured, packaged, and are ready for shipment to customers.
For companies that engage in retail sales, finished goods inventory is a critical component of their business operations, as it allows them to meet customer demand and generate revenue. Effective inventory management is essential for ensuring that a company has the right products available at the right time, while minimizing costs and reducing the risk of excess or obsolete inventory.
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5G in Digital supply chain and operations management: Fostering flexibility, end-to-end connectivity and real-time visibility through internet-of-everything
Answers
The emergence of 5G technology in digital supply chain and operations management brings significant advancements in fostering flexibility, end-to-end connectivity, and real-time visibility through the Internet of Everything (IoE). Furthermore, 5G technology enables the implementation of emerging technologies such as autonomous vehicles, robotics, and artificial intelligence, which can revolutionize supply chain processes and drive efficiency gains.
One key benefit of 5G in the digital supply chain is the enhanced flexibility it provides. With faster data transmission speeds and lower latency, 5G enables real-time responsiveness and agility in supply chain operations. This allows businesses to quickly adapt to changing customer demands, market conditions, and unforeseen disruptions. For example, inventory levels can be continuously monitored and adjusted in real-time, ensuring efficient inventory management and reducing stockouts or excess inventory.
Moreover, 5G facilitates end-to-end connectivity across the entire supply chain network. It enables seamless communication and data exchange between various stakeholders, including suppliers, manufacturers, distributors, and customers. This connectivity promotes collaboration, visibility, and synchronization of activities throughout the supply chain. For instance, manufacturers can receive real-time demand signals from retailers, allowing them to adjust production schedules and optimize inventory levels accordingly.
The IoE, enabled by 5G, further enhances real-time visibility and control over supply chain operations. Through interconnected devices, sensors, and systems, businesses can collect and analyze vast amounts of data at every stage of the supply chain. This data-driven visibility provides insights into operational performance, quality control, and predictive analytics, enabling proactive decision-making and continuous improvement.
In summary, the integration of 5G technology in the digital supply chain and operations management landscape offers significant advantages. It empowers businesses with increased flexibility, seamless connectivity, and real-time visibility, ultimately leading to improved operational efficiency, customer satisfaction, and competitive advantage.
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How can a person become a dentist
Answers
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
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Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answers
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
In low-income countries, the municipal solid waste stream tends to have more _______ and less _______ than in high-income countries
Answers
In low-income countries, the municipal solid waste stream tends to have more organic waste and less recyclables than in high-income countries.
Municipal solid waste (MSW) is a term that refers to the solid waste produced by households, businesses, and institutions such as schools and hospitals, among other sources.
MSW includes a wide range of items, including everyday items like food waste, paper, and packaging materials, as well as larger items like appliances, furniture, and branches, and is often categorized as household or commercial waste.
Due to socioeconomic factors, the waste composition differs significantly between high- and low-income countries. Low-income countries, for example, are more likely to have waste streams that are predominantly organic and unrecyclable, while high-income countries' waste streams are more likely to contain recyclables and materials that can be utilized as energy resources.
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________________________ equalizes the prices of internationally traded goods across countries.
Answers
Answer:purchasing power parity
Explanation:
A random sample of 10 students contains the following observations, in hours, for time spent studying in the week before the final exam: 28, 57, 42, 35, 61, 39, 55, 46, 49, 38. Assuming a normal population distribution, determine the 99% confidence interval for the mean time of study before the exam.
$
Answers
The 99% confidence interval for the mean time spent studying before the final exam, based on the given random sample of 10 students, is approximately (33.63, 55.97) hours.
To calculate the confidence interval, we first need to find the sample mean and the standard deviation. The sample mean is the average time spent studying, which can be calculated by summing up all the observations and dividing by the sample size (10 in this case). In this example, the sample mean is (28 + 57 + 42 + 35 + 61 + 39 + 55 + 46 + 49 + 38) / 10 = 45. The sample standard deviation measures the variability of the observations around the mean. For this sample, the standard deviation is approximately 9.92.
Next, we use the t-distribution because the sample size is small (less than 30) and the population standard deviation is unknown. With a sample size of 10 and a 99% confidence level, we need to find the critical value from the t-distribution table. The critical value for a 99% confidence level and 9 degrees of freedom is approximately 3.250.
Finally, we can calculate the margin of error by multiplying the critical value with the standard deviation divided by the square root of the sample size: 3.250 * (9.92 / sqrt(10)) ≈ 11.35. The confidence interval is then calculated by subtracting and adding the margin of error from the sample mean: 45 - 11.35 = 33.65 (lower bound) and 45 + 11.35 = 55.97 (upper bound). Therefore, we can say with 99% confidence that the mean time spent studying before the final exam falls within the range of approximately 33.63 to 55.97 hours.
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All of the following characterize both perfectly competitive and monopolistically competitive markets EXCEPT: Price is equal to average revenue. Price is equal to average revenue. A Individual firms produce output where marginal cost equals marginal revenue. Individual firms produce output where marginal cost equals marginal revenue. B Firms can affect the selling price of their product. Firms can affect the selling price of their product. C The market has a large number of firms. The market has a large number of firms. D Firms can easily enter or exit the market.
Answers
Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta
A.Start a moderate portfolio and shift to high risk later in life.
in luce
B.Invest only in national companies.
C.Buy 100% international stocks.
D. Choose a high-risk portfolio now and change it, if needed, in the future.
Answers
Answer:
A.Start a moderate portfolio and shift to high risk later in life.
Explanation:
Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.
In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.
marcos co. is considering a project that will increase residual income by $15,000. the project has a 12% return on investment (roi) which exceeds the company's 10% required rate of return. marcos co. currently has an overall 15% roi in the department where this project would be implemented. which of the following statements regarding this potential investment are true?
Answers
The project should be accepted by the company because it increases overall residual income. The department manager may not want to accept the project because it will lower the overall ROI for the department.
Return on investment (ROI) is calculated with the aid of dividing the income earned on funding via the price of that funding. as an instance, funding with an income of $ hundred and a price of $one hundred might have an ROI of 1, or one hundred% while expressed as a percentage. return on investment or go back on fees is a ratio between net earnings and funding. An excessive ROI way the funding's gains evaluate favorably to its fee. As an overall performance measure, ROI is used to assess the performance of an investment or to examine the efficiencies of several specific investments. go back on investment (ROI) A calculation of the economic cost of funding as opposed to its cost. The ROI formula is: (income minus cost) / cost. in case you made $10,000 from a $1,000 attempt, your return on funding (ROI) would be zero. nine, or ninety%.
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Edwards and Everett, Inc. had the following items in its capital structure at December 31, 2020:
Common stock options, issued in 2019, exercisable for 22,000 shares, beginning in 2022, at a "strike" price of $20 per share. The cash that would be received from the option-holders from a hypothetical exercise of the options at December 31, 2020 would be sufficient for Edwards & Everett to acquire 13,400 shares of its own common stock (as treasury stock).
Treasury stock, common, 20,000 shares, acquired on November 30, 2019 …...
$
280,000
Additional paid-in-capital ....................................................................................
760,000
Common stock, $10 stated value, issued January 2, 2019
(current market value, $17 per share) ..................................................................
1,200,000
Preferred stock, 10%, $8 par value, convertible into 146,000 common
shares no earlier than 2020, issued at par value on July 1, 2020
(current market value, $8 per share) ....................................................................
1,660,000
Stock warrants, issued in 2019 in exchange for legal services at the company’s formation, convertible into 1,300 shares of common stock at the
discretion of the warrant-holders, but not earlier than 2022. A
hypothetical conversion of the warrants at December 31, 2020 would
require a $14,000 cash payment from the warrant-holders, which would
be sufficient for Edwards & Everett to acquire 300 shares of its own
common stock (as treasury stock)........................................................................
20,000
Edwards & Everett’s net income for 2020 was $783,000; the company’s Board of Directors has not yet declared a dividend for 2020 for the preferred shareholders.
What earnings per share did Edwards and Everett, Inc. report for the year ended December 31, 2020? Prepare a schedule to support your answer.
Answers
For the year ending December 31, 2020, Edwards and Everett, Inc. reported earnings per share of $6.04.
To calculate the earnings per share (EPS) for Edwards and Everett, Inc. for the year ended December 31, 2020, we need to first determine the weighted average number of common shares outstanding.
Common stock outstanding on January 2, 2019 (issued) = $1,200,000 / $10 = 120,000 shares
Common stock options exercisable = 22,000 shares
Treasury stock acquired on November 30, 2019 = (20,000) shares (negative because it is a reduction in outstanding shares)
Weighted average number of common shares outstanding = (120,000 + 22,000 - 20,000) / 2 = 61,000 shares
Next, we need to calculate the net income available to common shareholders. Since there are no dividends declared for the preferred shareholders, we can assume that the entire net income is available to the common shareholders.
Net income available to common shareholders = $783,000
Finally, we can calculate the earnings per share:
EPS = Net income available to common shareholders / Weighted average number of common shares outstanding
EPS = $783,000 / 61,000 shares
EPS = $12.84 per share
Therefore, Edwards and Everett, Inc. reported earnings per share of $12.84 for the year ended December 31, 2020.
To calculate the earnings per share (EPS) for Edwards and Everett, Inc. for the year ended December 31, 2020, we need to calculate.
1. Calculate the weighted average number of common shares outstanding.
2. Calculate the diluted shares due to stock options and warrants.
3. Calculate the net income available for common stockholders.
4. Divide the net income by the weighted average number of shares outstanding (including diluted shares).
1: Calculate the weighted average number of common shares outstanding.
Common stock: $1,200,000 / $10 (stated value) = 120,000 shares
2: Calculate the diluted shares due to stock options and warrants.
Stock options: 22,000 shares (exercise) - 13,400 shares (buyback) = 8,600 shares
Stock warrants: 1,300 shares (conversion) - 300 shares (buyback) = 1,000 shares
Total diluted shares: 8,600 (options) + 1,000 (warrants) = 9,600 shares
3: Calculate the net income available for common stockholders.
Net income for 2020: $783,000
No preferred dividends declared, so no adjustment needed.
4: Divide the net income by the weighted average number of shares outstanding (including diluted shares).
Total shares outstanding: 120,000 (common stock) + 9,600 (diluted shares) = 129,600 shares
Earnings per share (EPS): $783,000 (net income) / 129,600 (total shares outstanding) = $6.04 per share
Answer: Edwards and Everett, Inc. reported earnings per share of $6.04 for the year ended December 31, 2020.
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The Ritz-Carlton hotel in St. Louis has 140 standard rooms. It offers a $110 discount fare targeting leisure travelers and regular fare $200 targeting business travelers. Demand for low fare rooms arrives early and is abundant. The demand for high fare rooms follows a normal distribution with mean 40 and standard deviation 10.
a) What is the optimal booking limit for the low-fare customers?
b) Assume demand for regular-fare rooms is price insensitive (demand stays the same regardless of the regular fare). What value of the regular fare would make a booking limit of 70 optimal
Answers
The optimal booking limit for low-fare customers is 70 rooms. To determine the optimal booking limit for low-fare customers, we need to compare the demand for low-fare rooms with the available capacity.
Since the demand for low-fare rooms is abundant, we can set the booking limit to the maximum capacity available, which is 140 rooms.
b) To find the regular fare that would make a booking limit of 70 optimal, we need to consider price sensitivity. Since demand for regular-fare rooms is assumed to be price insensitive, it means the demand will remain the same regardless of the regular fare. Therefore, the value of the regular fare does not affect the optimal booking limit, and we can still set it to 70 rooms.
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assume an economy has automatic stabilizers in place that include a progressive tax structure and a transfer payment system. then in a period of economic recession with high unemployment, we would expect:
Answers
Option b: In a time of rapid economic expansion and high inflation, we would anticipate a decline in the government's budget deficits.
In order to support individuals in need and infuse much-needed funds into the economy, welfare payments would rise while tax rates would fall. However, given the state of the economy, we would also anticipate a general decline in government revenue. Given that social security benefits are a crucial part of the transfer payment system, it is unlikely that government spending on these programmes would decrease. Depending on the state of the economy as a whole and governmental actions, the national debt may or may not decrease.
Overall, even though revenues can be affected, the automatic stabilisers in place should help those in need feel some level of security and support the economy during a recession. We would anticipate that tax revenues would decline and unemployment benefits would increase during an economic downturn characterised by high unemployment and the presence of automatic stabilisers such a progressive tax system and a transfer payment system.
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Complete question:
Assume an economy has automatic stabilizers that include a progressive tax structure and a transfer payment system. Then in a period of high economic growth and high inflation, we would expect:
A. The national debt to become larger
B. The government budget deficits to fall
C. The tax revenues to fall and unemployment compensation to rise
D. Average tax rates and welfare payments to decline