Answer:
3.5%
Explanation:
the yield to maturity of a zero coupon bond is calculated using the following formula:
YTM = (face value / current market value)¹/ⁿ - 1
YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%
the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100
evaluating how the company will sustain the ability to change and improve is part of the _____ perspective of the balanced scorecard.
Evaluating how the company will sustain the ability to change and improve is part of the learning and growth perspective of the balanced scorecard.
What is a balanced scorecard?
A balanced scorecard is a tool for strategy performance management. It is a well-structured report that managers can use to keep tabs on how the employees under their supervision are carrying out their duties and how these decisions are having an impact on the business.
The crucial elements of a balanced scorecard are:
its focus on the strategic agenda of the organization or coalition in question; a focused set of measurements to track performance against objectives; a combination of financial and non-financial data items (originally divided into four "perspectives" - Financial, Customer, Internal Process, and Learning & Growth); and, a portfolio of initiatives intended to affect the performance of the measures/objectives.To learn more about a balanced scorecard from the given link
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evaluating how the company will sustain the ability to change and improve is part of the _____ perspective of the balanced scorecard.
he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation:
In the United States , the 401(k) plan or individual retirement account is a defined ____ plan.
Answer: “defined contribution plan"
The best way for a sophomore man to start-up
Doug is filing singly. His net taxable income is $80,575. Every week, $304 is withheld from his earnings for income tax. Based on the table below, what can Doug expect when his taxes are due? Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars. a. Doug will receive a refund of $123. b. Doug will receive a refund of $2,977. c. Doug will owe an additional $1,125. d. Doug will owe an additional $731. Please select the best answer from the choices provided A B C D
Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars Doug will owe an additional $731. The correct option is D.
How are tax liabilities calculated?Your gross tax liability is equal to your taxable income less your tax deductions. Your total income tax liability is equal to your gross tax liability less any tax credits you are eligible for.
Given
the amount of taxes is $16,539
Every week =$304 income withdrawal for tax.
Required to calculate the amount of taxes =?
The total amount of tax in a year = 304 x 52 = $15,808
amount of taxes = amount of taxes - amount already deposited
amount of taxes = 16539 - 15808 = $731
Thus, Doug will owe an additional $731. The total amount of tax owed to federal, state, and local governments by individuals and organizations in a given period is referred to as tax liability. Tax liabilities are short-term liabilities that are recorded on a balance sheet and paid within a year.
Thus, the ideal selection is D.
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Answer: D
Explanation:
ik
Get in the habit of using the term "we" rather than "I" when
referencing ideas/research throughout the presentation and the Q/A. True or false ?
The answer is true. Through a presentation, a speaker imparts knowledge to an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, foster goodwill, or propose a novel concept or service.
Speeches, introductions, lectures, and demonstrations are all examples of presentations. Divide your audience into these three categories to better focus your message: You must include an introduction, a body, and a conclusion in audience presentation. An intriguing start. Explain why your audience will find what you're about to talk about in your introduction valuable or important while providing a brief summary of it. Give the supporting information in a body.
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Click this link to view O-NET's Work Styles section for Registered Nurses. Note that common work styles are listed
toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common
work styles needed by Registered Nurses? Check all that apply.
dependability
artistry
prevention
integrity
concern for others
stress tolerance
Answer:
dependability
integrity
concern for others
stress tolerance
Explanation:
there u go
O-NET's Work Styles common work styles needed by Registered Nurses are the dependability, integrity, concern for others, and stress tolerance. Thus, option (a), (d), (e) and (f) is correct.
What is O-NET's Work Styles?The term O-NET's Work Styles refers to the work perform on the working place. It was the included the achievement efforts, initiative, persistence, detail-oriented and supportive. It was the every business are the follow the O-NET's Work Styles of the work as completing the project.
O-NET's Work Styles common work styles was the required on the Registered Nurses. It was the common work style was the included such as dependability, concern for others, stress tolerance, and the integrity. It was also included that the detail-oriented and the idea-oriented.
As a result, the conclusion of the O-NET's Work Style's common work styles are the aforementioned. Therefore, option (a), (d), (e) and (f) is correct.
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On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residence for $460,000 because he accepted a new job in another state. Consequently, Alan occupied the home for only 150 days. How much gain must Alan recognize
Answer:
Recognized gain = $60000
Explanation:
Below is the calculation:
Price of personal resident = $400000
Selling price = $460000
Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.
Recognized gain = $460000 - $400000
Recognized gain = $60000
Financial data for Amazures, Inc. is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2019 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($1.60 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan Cash 2,875,400 86,300 16,986,900 9,785,900 12,479,200 1,876,000 147,956,800 3,754,100 2,148,600 52,789,300 24,768,200 146,795,100 7,986,800 37,600 547,600 ???
1. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet?
2. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet?
3. What did Amazures record as Total Assets on December 31, 2019 balance sheet?
4. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet?
5. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of $1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019).
Answer:
1. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet?
$51,680,300 - $35,802,400 = $15,877,9002. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet?
$32,031,600 - $24,768,200 = $7,263,4003. What did Amazures record as Total Assets on December 31, 2019 balance sheet?
$51,680,3004. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet?
$19,648,7005. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of $1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019).
$7,986,800 + $2,286,200 - $1,231,125 = $9,041,875If we use this new information to recalculate questions 1 - 4, then:
total equity = $20,703,775liabilities do not changetotal assets = $52,735,375current assets = $16,932,975Explanation:
I had to organize the accounts:
Assets:
Cash 2,449,400
Net accounts receivable 2,111,000
Inventory 11,317,500
Net fixed assets 35,802,400
Total assets = $51,680,300
Liabilities:
Accounts payable 2,875,400
Accruals 86,300
Short-term bank loan 547,600
Current portion of Long-term debt 3,754,100
Long-term debt (excluding current portion) 24,768,200
total liabilities = $32,031,600
Equity:
Common stock ($1.60 par value) 1,876,000
Additional paid in capital 9,785,900
Retained earnings 7,986,800
Total equity = $19,648,700
Total liabilities + equity = $51,680,300
ending inventory = beginning inventory + purchases - COGS = 12,479,200 + 146,795,100 - 147,956,800 = 11,317,500
net accounts receivable = gross accounts receivable - returns and allowances = 2,148,600 - 37,600 = 2,111,000
For an open economy under a floating exchange rate regime, _________________________.
a.) Monetary policy is highly effective.
b.) Fiscal policy is highly effective.
c.) Monetary policy is ineffective.
d.) B and C.
price elasticity of demand for electricity
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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Advise the management of ABC Ltd.
about the various groups that can
be created in an organisation
= Effective group, Formal group, Informal group
Explanation:
Effective group, Formal group, Informal group is the correct answer
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
What is an organization?An organization refers to a collection of people, who are involved and work together in pursuing or achieving a defined objectives. It is a type of social system which comprises human relationships in a forma manner.
In organization there is division of work among employees and the tasks are given so that the ultimate goal of the company or an organization can be achieved.
An organization has a proper hierarchy of people and follow a proper formal structure to achieve the goals of the organization.
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
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Discuss the economic landscape in Philippines?
Answer:
Low economic mobility, poverty and income inequality, poor health care and nutrition.
Explanation:
The selection of delegates to the national convention produces _____.
eligen a los presidentes
Joe works at a local grocery store. On Monday, he notices the price of oranges is $1/lb and people buy 50 lbs. On Friday, he notices the price has risen to $1.20/lb and people buy 60 lbs. "The price has risen and the quantity demanded has risen as well! The law of demand must be incorrect!" Joe proclaims.
Is his conclusion correct? Why or why not?
Joe's conclusion is not correct. This is because there might be other factors that is affecting the quantity demanded for oranges other than the price of oranges.
What is the law of demand?The law of demand is an economic theory that postulates that other things remaining equal, there is a negative relationship between the price of a good and the quantity demanded for the good.
This means that it is expected that the quantity demanded of oranges should decrease when the price of oranges increases. And if the price of oranges decreases, the quantity demanded would increase.
If the quantity demanded of oranges increases with the price of oranges, there might be other factors responsible for this phenomena For example, there might have been a new study that says that eating oranges boosts the immune system. This would make more people want to buy oranges regardless of the increase in price. As an other example, it might be expected that the price of oranges would increase further. This would make people purchase more oranges.
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In 2019, Jose paid the following amounts for his son to attend Big State University: Tuition $15,000 Room and board 10,500 Books 1,500 A car to use at school 6,150 Student football tickets 315 Spending money 4,640 How much of the above is a qualified higher education expense for purposes of his Qualified Tuition Program
Answer:
$27,000
Explanation:
Calculation for how much of the above is a qualified higher education expense for purposes of his Qualified Tuition Program
Using this formula
Qualified higher education expense=Tution+Room and Board+and Books
Where,
Tuition= $15,000
Room and board= $10,500
Books= $1,500
Let plug in the formula
Qualified higher education expense=$15,000+$10,500+$1500
Qualified higher education expense=$27,000
Therefore how much of the above that is a qualified higher education expense for purposes of his Qualified Tuition Program will be $27,000.
Vaughn Corporation had 303,000 shares of common stock outstanding on January 1, 2017. On May 1, Vaughn issued 31,200 shares.
Required:
a. Compute the weighted-average number of shares outstanding if the 31,200 shares were issued for cash.
b. Compute the weighted-average number of shares outstanding if the 29,700 shares were issued in a stock dividend.
Answer and Explanation:
The computation of the weighted-average number of shares outstanding in each cases is as follows:
a. At the time when the shares are issued at cash
= (303,000 × 12 ÷ 12) + (31,200 × 8 ÷ 12)
= 303,000 + 20,800
= 323,800 shares
b. At the time when the shares are issued in the stock dividend
= (303,000 × 12 ÷ 12) + (29,700 × 12 ÷ 12)
= 303,000 + 29,700
= 332,700 shares
Experience is one way an aptitude can be learned ?
True or false ?
Answer:
True
Explanation:
Because it's written in book
IM SO LOST HELP ASAP PLS
To compute the overhead controllable variance, we need to compare the actual variable overhead costs to the budgeted variable overhead costs:
What is Costing ?Actual variable overhead costs = $36,000 + $64,000 + $16,875 + $13,000 = $129,875
Budgeted variable overhead costs = $15,000 + $5,400 + $116,400 = $136,800
Overhead controllable variance = Budgeted variable overhead costs - Actual variable overhead costs
= $136,800 - $129,875
= $6,925
Since the budgeted variable overhead costs were higher than the actual variable overhead costs, the overhead controllable variance is favorable.
To compute the overhead volume variance, we need to compare the budgeted fixed overhead costs to the applied fixed overhead costs:
Budgeted fixed overhead costs = $37,500 + $25,000 + $48,500 = $111,000
Applied fixed overhead costs = $37,500 + $25,000 + $52,000 = $114,500
Overhead volume variance = Budgeted fixed overhead costs - Applied fixed overhead costs
= $111,000 - $114,500
= -$3,500
Since the applied fixed overhead costs were higher than the budgeted fixed overhead costs, the overhead volume variance is unfavorable.
Overhead variance report:
Mariana Company
Overhead Variance Report
For the Month Ended May 31, 2023
Actual Activity Level: 22,500 Units
Overhead Controllable Variance
Budgeted variable overhead costs (based on 20,000 units) $136,800
Actual variable overhead costs $129,875
Overhead controllable variance $6,925 F
Overhead Volume Variance
Budgeted fixed overhead costs (based on 20,000 units) $111,000
Applied fixed overhead costs $114,500
Overhead volume variance $3,500 U
Total Overhead Variance
Budgeted overhead costs $247,800
Actual overhead costs $244,375
Total overhead variance $3,425 F
Explanation:
The overhead controllable variance is favorable because the actual variable overhead costs were lower than the budgeted variable overhead costs.
The overhead volume variance is unfavorable because the applied fixed overhead costs were higher than the budgeted fixed overhead costs due to operating at a higher production level than planned. The total overhead variance is favorable, but only slightly, due to the favorable controllable variance partially offsetting the unfavorable volume variance .
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A company recognizes an expense when it
OA. records the amount in its financial records
OB. sells the good or service involved in the expense
OC. makes the purchase involved in the expense
OD. records the transaction in the vendor file
SUB
In accounting, the company recognizes an expense when it records the amount in its financial records. The Option A.
When does a company recognize an expense?Expenses are mostly recognized by a company when they are incurred most especially when the payment is made. This means that an expense is recognized when the goods or services related to it are consumed or utilized or when asset loses value.
In accounting terms, expenses are recorded in the financial records through the use of the matching principle which requires that expenses be recognized in the same period as the revenue they help generate. This ensures that a company's financial statements accurately reflect the true profitability of the business.
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A construction worker was working at the construction site of a new building. An open elevator, which had been installed in the building by the elevator manufacturer, was used to haul workers and building materials between floors. While the worker was riding the elevator, it stalled between floors due to a manufacturing defect in the elevator. The worker called for assistance and was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.
In an action by the worker against the elevator manufacturer to recover for his back injury, is the worker likely to obtain a judgment for 100% of his damages?
Answer:
No, because the worker was not in danger while on the stalled elevator.
Explanation:
Product liability is defined as the liability that the producer of a good bears for putting a defective or dangerous product in the hands of the consumer.
For any injury done to the consumer, the producer is liable.
However in this scenario when the elevator stalled he was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.
The injury was not as a result of product defect. So the worker is not likely to obtain a judgment for 100% of his damages.
As a project manager, you review your budget and notice one vendor is costing more than anticipated. You shift funds and recalibrate the budget to offset this increased vendor cost. What is the budgeting term for this task?
A. Contingency budgeting
B. Reserve analysis
C. Setting the baseline
D. Reforecasting
When you engage in this action as a project manager, this is known as reforecasting.
What is reforecasting?It refers to changing the amounts ascribed to budgetary items. It is usually done due to a change in projected spending or income.The vendor in question is costing more than anticipated which means that there is an increase in spending. By shifting funds and recalibrating the budget, you are reforecasting.
In conclusion, option D is correct.
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TRUE OR FALSE empirical studies on hypercompetition show unanimously that industries are becoming increasingly turbulent and competitive advantage increasingly short-lived
False. The results of empirical studies on hypercompetition are mixed and do not always agree. According to some research, industries are becoming more turbulent, and competitive advantages are lasting for fewer years.
The phrase "hypercompetition" refers to a highly dynamic and ever-changing business environment that is characterised by fierce competition and transient competitive advantages. Increased globalisation, technological development, and the rising significance of intangible assets like intellectual property are said to be the causes. Since its initial introduction in the 1990s, the idea of hypercompetition has received much research in the areas of strategy, management, and marketing. The idea of hypercompetition is still debatable despite its widespread use, with some academics and practitioners disputing its veracity and others contending that it marks a fundamental change in the nature of competition. Overall, research into and discussion of the effects of hypercompetition on firms and industries continue to be significant.
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On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $150 million. The income tax rate is 25%.
Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share.
In 2017, $50 million of 8% bonds, convertible into 6 million common shares, were issued at face value.
Required:
Compute Berclair’s basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Do not round intermediate calculations.)
Answer:
Diluted earnings per share = Basic earnings per share = $0.6474 per share
Explanation:
To compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021, we need to calculate the weighted average number of shares outstanding and the earnings available to common shareholders.
Weighted average number of shares outstanding:
Common stock outstanding on December 31, 2020: 200 million shares
Common stock purchased as treasury stock on March 1, 2021: (24 million) shares
Common stock dividend issued on July 1, 2021: 200 million shares x 5% = 10 million shares
Common stock sold from treasury on October 1, 2021: 4 million shares
Weighted average number of common shares outstanding: 200 million + 10 million - 24 million + 4 million = 190 million shares
Earnings available to common shareholders:
Net income: $150 million
Dividends on preferred stock: 3 million shares x $100 par value x 9% = $27 million
Earnings available to common shareholders: $150 million - $27 million = $123 million
Basic earnings per share:
Basic earnings per share = Earnings available to common shareholders / Weighted average number of common shares outstanding
Basic earnings per share = $123 million / 190 million shares
Basic earnings per share = $0.6474 per share
Diluted earnings per share:
To calculate diluted earnings per share, we need to consider the impact of the convertible bonds and the incentive stock options.
Convertible bonds:
The $50 million convertible bonds can be converted into 6 million common shares. Since the bonds were issued at face value, there is no interest expense to adjust for. The dilutive effect of the convertible bonds is calculated as follows:
Potential dilutive shares = Face value of bonds / Average market price of common shares during the year
Potential dilutive shares = $50 million / $70 per share = 0.714 million shares
Incentive stock options:
The incentive stock options can be exercised for 30 million common shares at an exercise price of $56 per share. Since the market price of the common shares is higher than the exercise price, the incentive stock options are dilutive. The dilutive effect of the incentive stock options is calculated as follows:
Potential dilutive shares = (Number of incentive stock options x (Market price per share - Exercise price per share)) / Average market price of common shares during the year
Potential dilutive shares = (30 million x ($70 - $56)) / $70 = 6.429 million shares
Since the potential dilutive shares from the convertible bonds and the incentive stock options are less than the earnings available to common shareholders, the diluted earnings per share is the same as the basic earnings per share:
Diluted earnings per share = Basic earnings per share = $0.6474 per share
Based on the given information, the basic EPS for Berclair Inc. for the year ended December 31, 2021, is $0.75, and the diluted EPS is $0.69.
What is the weighted average number of common shares?The weighted average number of common shares outstanding is calculated by taking the sum of the number of shares outstanding at the beginning and end of the period and multiplying by the time period each was outstanding.
Calculate the weighted average number of common shares outstanding:
The weighted average number of common shares outstanding = [(Number of common shares outstanding at beginning of year x Number of months outstanding) + (Number of common shares outstanding at end of year x Number of months outstanding)] / 12
= [(200 million x 12) + (176 million x 3)] / 12
= 196 million
the weighted average number of diluted common shares outstanding:
The weighted average number of diluted common shares outstanding = Weighted average number of common shares outstanding + Incremental shares from stock options + Incremental shares from convertible bonds
Incremental shares from stock options = (Market price per share - Exercise price per share) x Number of options / Average market price per share
= ($70 - $56) x 30 million / $70
= 12.857 million
Incremental shares from convertible bonds = (Convertible bond principal / Conversion price per share) x (1 - tax rate)
= ($50 million / $100 per share) x (1 - 0.25)
= 3.75 million
The weighted average number of diluted common shares outstanding
= 196 million + 12.857 million + 3.75 million
= 212.607 million
Calculate net income:
Net income = $150 million
Calculate the preferred dividends:
Preferred dividends = Number of preferred shares x Par value x Annual dividend rate
= 3 million x $100 x 9%
= $2.7 million
Calculate the amount of income available to common shareholders:
Income available to common shareholders = Net income - Preferred dividends + Preferred dividends not declared
= $150 million - $2.7 million + $0
= $147.3 million
Calculate the basic EPS:
Basic EPS = Income available to common shareholders / Weighted average number of common shares outstanding
= $147.3 million / 196 million
= $0.75
Calculate the diluted EPS:
Diluted EPS = Income available to common shareholders / Weighted average number of diluted common shares outstanding
= $147.3 million / 212.607 million
= $0.69
Therefore, the basic EPS for Berclair Inc. for the year ended December 31, 2021, is $0.75, and the diluted EPS is $0.69.
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For the just completed year, Hanna Company had net income of $41,500. Balances in the companys current asset and current liability accounts at the beginning and end of the year were as follows:
December 31
End of Year Beginning of Year
Current assets:
Cash and cash equivalents $ 57,000 $ 78,000
Accounts receivable $ 162,000 $ 188,000
Inventory $ 442,000 $ 370,000
Prepaid expenses $ 11,500 $ 14,000
Current liabilities:
Accounts payable $ 370,000 $ 384,000
Accrued liabilities $ 8,500 $ 12,000
Income taxes payable $ 36,000 $ 27,000
The Accumulated Depreciation account had total credits of $48,000 during the year. Hanna Company did not record any gains or losses during the year.
Required: Use the indirect method to determine the net cash provided by (or used in) operating activities for the year.
Answer:
$37,500
Explanation:
The computation of the net cash provided or used by operating activities are as follows
Cash flow from operating activities
Net income $41,500
Add: depreciation expenses $48,000
Add: Decrease in account receivable ($162,000 - $188,000) $26,000
Less: Increase in inventory ($442,000 - $370,000) -$72,000
Add: Decrease in prepaid expenses ($11,500 - $14,000) $2,500
Less: Decrease in account payable ($370,000 - $384,000) -$14,000
Less: Decrease in accrued liabilities ($8,500 - $12,000) -$3,500
Add: Increase in income tax payable ($36,000 - $27,000) $9,000
Cash flow provided by operating activities $37,500
The negative sign indicates the cash outflow and the positive sign indicated the cash inflow
How does the scientific method apply to marketing? Explain, citing an example from the video
The scientific method is applicable to marketing because you can invest in a brand, but contradictory evidence can demolish a consumer's beliefs.
What do you mean by scientific method?Across testing and research, the scientific method affirms facts in an unbiased manner.
When you approach marketing as an experiment, you can learn why your efforts are successful as well as make more accurate predictions about what might work.
By using the scientific method, you can produce results that are based on data and unbiased.
Therefore, Because you can invest in a brand, but contradictory evidence can demolish a consumer's beliefs, the scientific method is applicable to marketing.
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All of the following rollovers are allowed EXCEPT
Answer:
what is the question for
Tabor Ceramics makes ceramic vases for a chain of department stores. The output and cost figures over the past four weeks are shown here. Labor costs Br10 an hour, and materials are Br 4. Calculate the (a) labor productivity (in hrs), (b) material productivity, and (c) multifactor productivity for each week. Comment on the results. Week 1 2 3 4 Units of output 2000 4000 5000 7000 Number of workers 4 4 5 6 Hours per week per worker 40 48 56 70 Material cost 286 570 720 1000
a) labor productivity (in hrs) is 1166.67
b) material productivity is 7
c) multifactor productivity is 11.67
What is productivity?
Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is commonly defined as the ratio of an aggregate output to a single or aggregate input used in a manufacturing process, i.e. output per unit of input, usually over a given time period.
a) labor productivity (in hrs) = 2000/4
= 500 4000/4
= 1000 5000/5
= 1000 7000/6
= 1166.67
b) material productivity = 2000/286
= 6.99 4000/570
= 6.98 5000/720
= 6.94 7000/1000
= 7
c) multifactor productivity = (2000*1000)/(4*286)
= 17.37 (4000*1000)/(4*570)
= 17.54 (5000*1000)/(5*720)
= 17.51 (7000*1000)/(6*1000)
= 11.67
The labor productivity and material productivity are relatively stable over the four weeks, while multifactor productivity decreases from Week 1 to Week 4.
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a study of long-distance phone calls made from general electric reveled the length of the calls, in minutes, follows the normal probability distribution. the mean length of time per call was 4.5 minutes and the standard deviation was 0.70 minutes. what is the probability that calls last between 4.0 and 6.0 minutes?
The probability that calls last between 4.0 and 6.0 minutes is approximately 0.7441, or 74.41%.
To find the probability that calls last between 4.0 and 6.0 minutes, we need to calculate the area under the normal curve between these two values.
First, we need to standardize the values using the Z-score formula: Z = (X - μ) / σ, where X is the value, μ is the mean, and σ is the standard deviation.
For 4.0 minutes:
Z1 = (4.0 - 4.5) / 0.70 = -0.71
For 6.0 minutes:
Z2 = (6.0 - 4.5) / 0.70 = 2.14
Next, we need to find the cumulative probabilities associated with these Z-scores using a standard normal distribution table or a statistical software.
The probability associated with Z1 is P(Z ≤ -0.71), and the probability associated with Z2 is P(Z ≤ 2.14).
Using a standard normal distribution table, we can find these probabilities:
P(Z ≤ -0.71) ≈ 0.2389
P(Z ≤ 2.14) ≈ 0.9830
To find the probability that calls last between 4.0 and 6.0 minutes, we subtract the lower probability from the higher probability:
P(4.0 ≤ X ≤ 6.0) = P(Z ≤ 2.14) - P(Z ≤ -0.71)
≈ 0.9830 - 0.2389
≈ 0.7441
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The correlation between the fund returns is 0.1560. What is the expected return and standard deviation for the minimum-variance portfolio of the two risky funds?
Answer:
The answer is given below
Explanation:
The question is not complete. Given that:
\(E(r_s)=11\%,E(r_b)=8\%, \sigma(r_s)=33\%,\sigma(r_b)=25\%\), ρ = 0.1560
From the covariance matrix, Cov (B, S) = \(\rho*\sigma_b*\sigma_s=0..1560*33*25=128.7\)
The minimum-variance portfolio is gotten using the formula:
\(w_{min}(S)=\frac{\sigma_B^2-Cov(B,S)}{\sigma_S^2+\sigma_B^2-2Cov(B,S)}=\frac{(25^2)-128.7}{33^2+25^2-2(128.7)}=\frac{625-128.7}{225+1089-257.4}=0.4697\\\\w_{min}(B)=\frac{\sigma_S^2-Cov(B,S)}{\sigma_S^2+\sigma_B^2-2Cov(B,S)}=\frac{(33^2)-128.7}{33^2+25^2-2(128.7)}=\frac{1089-128.7}{225+1089-257.4}=0.9089\)
the expected return for the minimum-variance portfolio is:
\(E(r_{min})=w_{min}S*E(r_s)+w_{min}B*E(r_b)=11*0.4697+0.9089*8=12.44\%\)
the standard deviation for the minimum-variance portfolio is:
\(\sigma_{min}=[w_S^2\sigma_s^2+w_B^2\sigma_B^2+2w_Bw_SCov(B,S)]^\frac{1}{2} =[0.4687^2*33^2+0.9089^2*25^2+2*0.9089*0.4687*128.7]^\frac{1}{2}=29.41\%\)