The only example of a power DENIED to state governments would be coining and printing money. This is a power given to the U.S. Congress in Article I, Section 8 of the U.S. Constitution.
The Odessa Independent Phone Company (OIPC) is currently engaged in a rate case that will set rates for its Midland-Odessa area customer base. OIPC has total assets of $20 million. The Texas Public Utility Commission has determined that an 11 percent return on assets is fair. OIPC has estimated its annual demand function as follows: P = $3,514 - $0.08Q Its total cost function (not including the cost of capital) is TC = $2,300,000+ $130Q OIPC has proposed a rate of $250 per year for each customer. If this rate is approved, OIPC will earn a 12.98 percent return on assets. If the commission wants to limit the return on assets to 11 percent, OIPC can either charge per year for each customer and serve fewer customers than under its proposed rate of $250, or it can charge per year for each customer and serve more customers than under its proposed rate of $250.
OIPC can provide service to 36,600 consumers for $245 annually and yet generate an 11% return on assets.
How do you calculate number of customers that OIPC can serve step by step?To determine the number of customers that OIPC can serve at a rate of $245 per year while still earning an 11% return on assets, we can use the following steps:
Calculate the total revenue that OIPC would earn at a rate of $245 per year: Total revenue = Number of customers * Rate per customer = Q * $245
Calculate the total cost that OIPC would incur at this rate: Total cost = Fixed cost + Variable cost * Quantity = $2,300,000 + $130 * Q
Calculate the profit that OIPC would earn at this rate: Profit = Total revenue - Total cost = (Q * $245) - ($2,300,000 + $130 * Q)
Calculate the return on assets (ROA) that OIPC would earn at this rate: ROA = Profit / Total assets = (Q * $245 - $2,300,000 - $130 * Q) / $20,000,000
Solve for the number of customers (Q) that would result in an ROA of 11%.
We can rearrange the formula for ROA to solve for Q:
Q = ($20,000,000 * 11% - $2,300,000) / ($245 - $130)
Plugging in the values, we get:
Q = (20,000,000 * 0.11 - 2,300,000) / (245 - 130) = 36,600
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Bookies Inc. sells paperbacks to airport stores. The books cost $1 in material and $1.50 in conversion costs. Selling commission to salespeople average .$50 per book. Fixed overhead costs are $10,000 per month for facility rental, $2,000 per month for accounting, and $3,000 per month for base salary of salespeople. Selling prices average $7.50 per month. How many books must be sold each month to make a profit of $10,000?
Consequently, in order for Bookies Inc. to earn a $10,000 profit each month, 5,556 books must be sold.
How is cost of products sold determined?The formula for calculating cost of goods sold, or COGS, is (Starting Inventory + Purchases) - (Ending Inventory) = COGS.
We must first establish the total cost per book in order to compute the number of books that must be sold each month in order to generate a profit of $10,000:
Total cost per book = material cost + conversion cost + selling commission
Total cost per book = $1 + $1.50 + $0.50
Total cost per book = $3
Next, we need to calculate the total monthly fixed costs:
Total monthly fixed costs = facility rental + accounting + base salary of salespeople
Total monthly fixed costs = $10,000 + $2,000 + $3,000
Total monthly fixed costs = $15,000
Now we can calculate the contribution margin per book:
Contribution margin per book = selling price - total cost per book
Contribution margin per book = $7.50 - $3
Contribution margin per book = $4.50
We need to bring in enough money to cover our fixed costs and our desired profit in order to create a profit of $10,000:
Revenue needed = total monthly fixed costs + desired profit
Revenue needed = $15,000 + $10,000
Revenue needed = $25,000
Lastly, we can determine how many books must be sold to reach the necessary revenue:
Number of books = revenue needed / contribution margin per book
Number of books = $25,000 / $4.50
Number of books = 5,556
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what is large office
Answer:
Large office is big organisations with many clerical workers.
I hope it will help you ((:
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
Economic policy is a classic example of government playing a role in economics. Discuss 1 positive role and 1 negative
role that you feel government plays in economics.
The positive role of the government in economics is maintains competition in the marketplace and redistributes income. The negative role of the government in economics is lack of efficiency.
What is government?Government refers to the authority which rules the entire nation. It is the association of the people working together to serve the nation and act for the welfare of the nation. The government also functions to save the nation from the outsiders.
The government creates the social and legal structure that governs how the economy runs, ensures market competition, distributes public amenities and services, and redistributes money.
The drawbacks of the government's economic role include an absence of competition, which can result in a dearth of efficiency and innovation.
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How to do a journal entry for this worksheet?
The Journal entries for the respective entries are given below.
What are the journal entries?A. July 1
Petty Cash Fund Dr. $745
Cash Cr. $745
B. Replenishing the Petty Cash Fund on an unspecified date:
Store Supplies Expense Dr. $57
Miscellaneous Selling Expense Dr. $88
Cash Cr. $145
Petty Cash Fund Cr. $145
C. December 31
Store Supplies Expense Dr. $X (amount of missing funds)
Miscellaneous Selling Expense Dr. $Y (amount of missing funds)
Cash Cr. $119
Petty Cash Fund Cr. $X + $Y (sum of missing funds)
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Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound. Also recall the interest rates affect exchange rates. What do you predict will happen to the foreign exchange rate if interest rates in the United States increase more than in the UK? (In other words, which currency will become stronger?) How would such a change affect US exports to the UK? Would it be less expensive for an American tourist to take a vacation to London after the interest rate change? Be sure to clearly explain and justify your reasoning.
Answer:
Exchange Rate and Interest Rate
1. If interest rates in the United States increase more than in the UK, the exchange rate of the US dollars will increase relative to the UK pounds, thus causing the UK pounds to become stronger than the US dollars.
2. US exports to the UK would become cheaper in UK.
3. It would be more expensive for an American tourist to take a vacation to London after the interest rate change because they would need more money to handle the differences.
Explanation:
Generally, higher interest rates in an economy offer investors some higher returns when compared to other countries. These higher interest rates attract foreign capital and cause the exchange rate to rise. When this happens, the cost of goods and services in the country with the higher interest and exchange rates. The opposite becomes the case when the interest and exchange rates are lower relative to other countries.
If interest rates in the United States increase more than in the UK, the United states currency would become stronger or appreciate against the British Pound.
As a result of the increase in the value of the US currency, export to the UK would decline because export would become more expensive. It would be less expensive for American tourist to take a vacation to London.
Exchange rate is the rate at which one currency is exchanged for another currency.
If interest rates in the United States increase more than in the UK, there would be an increase in foreign investments in the US. As a result, the demand for the dollar would increase and this would lead to an appreciation of the dollar against the GBP.
As a result of the appreciation of the dollar, export goods to the UK becomes more expensive and imports to the US from the UK becomes cheaper.
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Consumers spend the least amount of time-consuming news delivered in which format?
A.television
B.print
C.digital
D.radio
Answer: A. television. and D. Radio.
Wally's Party Warehouse provides wholesale party equipment and materials to Party Shops. In 2019, Wally's Party sold 30 bounce houses at $30,000 each. The bounce houses carry a 3-year warranty for defects. Wally estimates that repair costs will average 2% of the total selling price. The estimated warranty liability at the beginning of the year was $26,000. Claims of $19,000 were actually incurred during the year to honor warranties.
What was the balance in the Warranty Liability account at the end of the year?
Answer:
he is probably a b!tsh for wasting money and I hope he is poor now
Explanation:
I had 1000 papers, she has 3. You know what else she has? She licked a lollipop at lunch and got caught. How many papers does she have now?
Based on the information provided, it is expected that she has 4 papers now.
What is this question about?This is a reasoning question that requires you to use logic and inferences to provide a logical answer.
How many papers does the girl have now?It is known at the beginning she had 3 papers and then it is mentioned she got caught, in this situation a possible inference is that when she got caught she received an extra paper. Therefore by using addition we can conclude she has 4 papers now (3+1 = 4).
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Which phrase best completes the list?
Characteristics of Short-Term Savings Strategies
Earn low rates of interest
Include savings accounts at banks
?
O A. Are used mostly for retirement savings
O B. Are used to pay for expenses as they arise
O C. Include keeping money in your home
O D. Have a high risk of losing initial investments
Answer:
B
Explanation:
The Characteristics of Short-Term Savings Strategies Earn low rates of interest Include savings accounts at banks are used to pay for expenses as they arise. The correct option is (B).
What do you mean by the Short term savings?Short-term objectives typically have a five-year time frame. With a specific objective in mind or to establish a safety net in case an unforeseen expense arises, you might open a short-term savings account. Examples of short-term objectives a reserve account.
Depending on the investment firm, short-term investments typically offer an investment period of less than a year. This benefit is strongly connected to benefit. You can withdraw from short-term investments at any time, especially in an emergency, due to their flexibility.
Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years.
Therefore, the Characteristics of Short-Term Savings Strategies Earn low rates of interest Include savings accounts at banks are used to pay for expenses as they arise.
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What is the economic order quantity if annual demand is 100 units, the order placement cost is $25, and the holding cost per unit per year is $50
The economic order quantity if annual demand is 100 units is: 10 units.
Economic order quantityUsing this formula
Economic order quantity =√2×Annual demand× Order placement cost/ Holding cost
Let plug in the formula
Economic order quantity=√2×100×$25/$50
Economic order quantity=√5,000/50
Economic order quantity=√100
Economic order quantity=10 units
Inconclusion the economic order quantity if annual demand is 100 units is: 10 units.
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Why should businesses take on the task of training the hard-core unemployed?
As part of their contributions to corporate social responsibility, businesses must provide training to hard-core unemployed groups.
As part of their obligations to the society in which they operate in order to generate profits, every profit-making business organization must fulfill a corporate social responsibility .
Providing the unemployed with basic skills training increases their likelihood of finding employment in a variety of sectors of the economy. It falls under the umbrella of corporate social responsibility because it is a welfare activity.
As a result, the significance of corporate social responsibility has been discussed previously.
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TRUE/FALSE?
The functions reporting to the CFO sometimes are grouped together and referred to as corporate finance.
Answer:
true, defiantily true
Explanation:
if this helps can i have brainliest when u get the chance...thnx
What unique things would separate you from other applications applying for this money
The unique things that would separate the person from other people that are applying include
well-written essaygood educational backgroundvolunteering work that the person may have engaged in.What are the required things that the person applying should have?Good educational backgroundVolunteering works would be an added advantageA well-written essayHave good characters and there should be no previous issues that show that the person had broken a law.Therefore, the above statement would be beneficial for the person applying for the money.
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what is your analysis on walmart financial health as of january 2021 compare to 2022
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $282,000, total variable expenses were $214,320, and fixed expenses were $36,900. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,700? (Do not round intermediate calculations.)
Answer:
1. Company’s contribution margin (CM) ratio = 24%
2. Estimated change in the company’s net operating income = $408
Explanation:
1. What is the company’s contribution margin (CM) ratio?
Contribution margin (CM) = Total sales - Total variable expenses = $282,000 - $214,320 = $67,680
Contribution margin (CM) ratio = Contribution margin / Total sales = $67,680 / $282,000 = 0.24, or 24%
2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,700? (Do not round intermediate calculations.)
Estimated change in the company’s net operating income = Increase total in sales * Contribution margin (CM) ratio = $1.700 * 24% = $408
What is E-Procurement? [2 Marks] 1b. What are the Benefits of E-Procurement? [8 Marks] 2. You have have been appointed as an ICT personnel in an organisation mit
E-procurement is the exchange of goods and services between businesses, consumers, and the government over the Internet and other information and networking platforms including enterprise resource planning and electronic data interchange.
benefits of the electronic procurement procedure.
E-procurement helps you save money by avoiding duplicative purchases, taking advantage of volume discounts, and avoiding expenses related to paper-based systems (for example, the cost of stamps to mail your paperwork).Openness in spending By performing your procurement electronically, you can guarantee that your procurement methods follow your policies because it will be simpler to produce and analyze reports on your procurement systems.Greater Productivity E-procurement takes less time than conventional procurement once you've gotten the hang of the technology. Reusable tender submission is made simpler by having your records maintained online. Meanwhile, using templates allows for quicker completion of papers.To know more about E-procurement refer to: https://brainly.com/question/17214482
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Assignment: Create a Marketing Plan
Your targeted marketing and advertising actions are outlined in a marketing plan for a set time period, often the following 12 months.
The purpose of a marketing planA marketing strategy can assist you in identifying your target market and the advantages your product or service can provide for it. determine how you might entice new clients. Encourage your current clients to keep using your product or service.
What are the five marketing strategies?The five marketing Ps—Product, Pricing, Promotion, Place, and People—serve as a framework for marketing initiatives and help keep marketers focused where they should be.
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B) A manufacturing unit A makes 15 colour television
sets and 80 black and white television sets in a
month another unit B makes 40 colour T.V. sets
and 100 black and white sets in a month. Repre-
sent this information into matrix form and find the
production of each unit in 7 months.
7*|15 80 | =|105 560|
7*|15 80 | =|105 560||40 100| |280 700|
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌
While representing the information into matrix form and the production of each unit in 7 months is 7*|15 80 | =|105 560|, |40 100| |280 700|
What do you mean by production?Production is the process of combining various inputs, both materials such as metal, wood, glass, or plastics and immaterial materials such as plans, or knowledge to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.
The area of economics that focuses on production is called production theory, and it is closely related to the consumption or consumer theory of economics. The production process and output directly result from productively utilizing the original inputs or factors of production. Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental production factors.
These primary inputs are not significantly altered in the output process, nor do they become a whole component of the product.
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Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2014 and 2015 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders' equity has risen from $1,800,000 to $7,200,000. Use the statements to discover how and why this happened. The company paid total dividends of $210,000 during fiscal 2015.
Mountain Air Ski Resorts, Inc. Balance Sheet (partial)
Stockholder's Equity 2014 2015
Common stock ($1.00 par)
authorized 4,600,000 shares
outstanding 1,600,000 shares 2015 $1,600,000
outstanding 480,000 shares 2014 $480,000
Paid-in capital in excess of par 520,000 4,100,000
Retained earnings 800,000 1,500,000
Total stockholder's equity $1,800,000 $7,200,000
a. Mountain Air's net income for fiscal 2015 is $_____. Round to the nearest dollar.
b. The number of new shares issued is shares _____. Round to the nearest integer.
c. The price per share of the new stock sold during 2015 is $_____. Round to the nearest cent.
d. The original price of the shares was $_____. (Round to the nearest cent.)
a. Mountain Air's net income for fiscal 2015 is $910,000.
b. The number of new shares issued is 1,120,000.
c. The price per share of the new stock sold during 2015 is $4.20.
d. The original price of the shares was $2.08.
a. The net income is
= $1,500,000 - $800,000 + $210,000
= $910,000
b. The number of New Share issued is
= 1,600,000 - 480,000
= 1,120,000
c. The price of the new stock per share sold is
Par Value 1,120,000
Add: Paid In excess Of par (4,100,000 - 520,000) 3,580,000
Net Proceeds from issuance of shares 4,700,000
Number of New Share Issued 1,120,000
Now
The Average price per share of the new stock sold is
= 4,700,000 ÷ 1,120,000
= $4.20
d. The original price of the share is
The original issuance price is
= (Paid-in-capital account + common stock account) ÷ original shares
= (520,000 + 480,000) ÷ 480,000
= $2.08
Therefore we can conclude that
a. Mountain Air's net income for fiscal 2015 is $910,000.
b. The number of new shares issued is 1,120,000.
c. The price per share of the new stock sold during 2015 is $4.20.
d. The original price of the shares was $2.08.
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Which of the following costs is not relevant when deciding whether to keep or replace a piece of equipment?
A. The opportunity cost that arises when selecting one alternative over the other
B. The differential costs between the two alternatives
C. The incremental cost of replacing the equipment
D. The original cost of the asset that would be replaced
A cost that is not relevant when deciding whether to keep or replace a piece of equipment is D. The original cost of the asset that would be replaced.
What costs are considered when replacing fixed assets?When a fixed asset is to be replaced, there are several costs that are considered to ensure that the right decision on the replacement of the fixed asset, is made. One of them is the opportunity cost that a company might incur if they picked one replacement over another replacement. This opportunity cost might be too much.
There is also the differential costs between the alternatives that are being chosen between replacing the equipment, or leaving it as is. The incremental cost is also considered as well. However, the original cost of the asset to be replaced is not considered. This cost has already been incurred and so is a sunk cost.
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Prince Paper has budgeted the following amounts for its next fiscal year: Total fixed expenses $500,000 Selling price per unit $75 Variable expenses per unit $25 If Price Paper spends an additional $12,500 on advertising, sales volume should increase by 2,300 units. What effect will this have on operating income?
Answer:
Increase in Operating Income of $102,500.
Explanation:
Consider the incremental effects as follows
Sales (2,300 × $75) $172,500
Less Variable Costs ( 2,300 × $25) ($57,500)
Contribution $115,000
Less Fixed Costs ($12,500)
Change in Operating Income $102,500
Therefore,
The effect is an Increase in Operating Income of $102,500.
To be useful, the information outputs of a system should be:______
a. relevant, reliable, timely, and accurate.
b. reliable, flexible, understandable and timeless.
c. such that one report meets all different users needs.
d. distributed only to management personnel.
Answer:
a.relevant,reliable,timely and accurate
Provide a brief outline of how you contrast the perception of Dr Ajiri and Dr Oputa concerning what constitutes a better management or leadership approach. (10 marks)
When compared to Dr. Oputa, Dr. Ajiri is seen as having The way in which managers exert their authority and see to it that their goals are met in the workplace is known as their management or leadership style.
Which of management and leadership differs most significantly?Controlling a team or a collection of people or things helps management achieve its objectives. In order for an organization to succeed, a person must have the ability to motivate, influence, and inspire others. This is known as leadership. Power and control do not distinguish between leaders and managers; rather, influence and inspiration do.
Which two leadership philosophies predominate?The study of leadership has three main methods or schools of thought. The psychological or trait approach, the contextual or contingency approach, and behavioral approach come next.
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What is revising?
please help ur gurl out
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
Which career is likely to earn the highest salary
These are the professions that receive high salaries in our country, in Turkey.
Under the allowance method, when a specific account is written off.
Under the allowance method, when a specific account is written off, then the allowance account is debited and the accounts receivable account is credited.
What is Accounting?
This refers to the management and processing of financial records about economic entities in a well-documented form.
Hence, we can note that in accounting, under the allowance method, once a specific account is written off, then the allowance account is debited and the accounts receivable account is credited.
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what is the role of HR in the organization?
Answer:
department charged with finding, screening, recruiting and training job applicants as well as administering employee-benefit programmes
Explanation:
It is HRM's responsibility to ensure good working environment for the employee.
How can creating a customer profile help entrepreneurs identify their target market
Creating a customer profile helps identify markets because the information on it is too persuade the buyer, customer or Purchaser. I'm in 6th grade don't judge x