Answers
Question:
Jackson Corporation has expected return of 12% during recession, 20% during normal, and 40% during boom state of economy. Probability of recession, normal and boom states of economy is 0.25, 0.50, and 0.25 respectively. Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)
Answer:
23.00
Explanation:
Given:
For Jackson Corporation:
Expected return during recession = 12%
Expected return during normal = 20%
Expected return during boom = 40%
For Economy:
Probability of recession = 0.25
Probability of normal = 0.50
Probability of boom = 0.25
Required:
Find the expected return for Jackson Corporation.
To find expected return, use the expression below:
Expected return = (Probability of Recession * Returns at Recession) + (Probability of Normal * Returns at Normal) + (Probability of Boom * Returns at Boom)
Using the expression above, expected return for Jackson corporation will be calculated as:
Expected return = (25×12%)+(0.50×20%)+(0.25×40%)
= 3 + 10 + 10
= 23%
Expected return for Jackson corporation is 23.00
Related Questions
We have identified how to educate Sally with the tubo tax upgrade so she understands the benefit of the upgrade. Use what
we have learned about Sally's priorities to develop a statement that generates value in this situation.
Answers
TurboTax from Intuit is an application suite to complete American income tax forms.
What is turbo tax and what are its advantages?TurboTax, together with H&R Block Tax Software and TaxAct, is the industry leader in its product category. TurboTax was created in 1984 by Michael A. Chipman of Chipsoft and was acquired by Intuit in 1993.TurboTax, together with H&R Block Tax Software and TaxAct, is the industry champion in its product category. Advantages include a guarantee of 100% accurate calculations for business returns, a guarantee of TurboTax audit support for business returns, and a satisfaction guarantee. You can use TurboTax Online for free until you opt to print or online file your tax return.
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Which of the following shows how the year end adjustment to recognize supplies expense will affect A company’s financial statements
Answers
The year-end adjustment to recognize supplies expense will have an impact on A Company's financial statements.
Firstly, the income statement will reflect a decrease in net income, as the supplies expense is recognized, reducing the company's profitability for the year. This adjustment will also affect the balance sheet, specifically the asset side, as the supplies inventory will decrease due to the expense recognition. This reduction in supplies will lower the company's total assets. Additionally, the adjustment will affect the statement of cash flows, primarily in the operating activities section. The recognition of supplies expense will decrease the company's cash flow from operations, as it reflects an outflow of funds used to purchase supplies.For such more questions on year-end adjustment
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Suppose a firm's tax rate is 35 %. a. What effect would a $ 9.97 million operating expense have on this year's earnings? What effect would it have on next year's earnings? g
Answers
Answer:
Dnndjdndjdj
Explanation:
Type the correct answer in the box. Spell all words correctly.
Which business model is used by some of the software development companies that create apps for smart phones?
Some software companies that develop apps for smart phones make use of the BLANK
business model to attract and retain customers.
Answers
Answer:
freemium
Explanation:
Some software companies that develop apps for smartphones make use of the Freemium business model to attract and retain customers.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business model refers to a strategy to seek growth in business and to retain customers by generating high levels of customer satisfaction for them and helps to achieve loyalty and cretes goodwill in the market which helps in strengthening the position of the business.
Freemium is a business model used by software companies as it provides an advanced strategy that helps businesses to attract and retain customers by providing them with value-added services.
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1. True or False? Current ratio is sometimes referred to as the liquidity ratio s pointe
and calculated by dividing current assets by current liabilities,
True
False
Answers
Answer:
I think it's true
Explanation:
I hope this can help
Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to convince the farmer to allow him to have dirtier air?
Answers
9. You are the manager of College Computers, a manufacturer of customized
computers that meet the specifications required by the local university. Over 90
percent of your clientele consists of college students. College Computers is not
the only firm that builds computers to meet this university's specifications;
indeed, it competes with many manufacturers online and through traditional
retail outlets. To attract its large student clientele, College Computers runs a
weekly ad in the student paper advertising its "free service after the sale" policy
in an attempt to differentiate itself from the competition. The weekly demand
for computers produced by College Computers is given by
Q = 1000 - P
and its weekly cost of producing computers is
C = 2 000 + Q²
If other firms in the dustry sell PCs at $600, what price and quantity of
computers should you produce to maximize your firm's profits? What long run
adjustments should you anticipate? Explain. [5 marks]
Answers
To maximise its profit in the market, the company will offer 80 PCs for $360.
CALCULATION
The market for college computers is intensely competitive. The weekly demand curve for computers in colleges is (Q) = 800 - 2P.
P = 400 - 0.5QTotal weekly earnings (TR) = P*Q
TR = 400Q - 0.5Q2MR = 'partialTR / 'MR = 400 - QThe cost of making computers each week is C(Q) = 1200 + 2Q2.
MC = partialC(Q) divided by partialQMC = 4QWhen MR = MC, the company will make the most money. Comparing marginal income with marginal expenditure.
400 - Q = 4QAdd "Q" to both sides.400 = 5QQ=80 computer systems80 units is the ideal output for college computers.
The will decide on the best price at,
P = 400 - 0.5 (80)P = 400 - 40P=$360 for each computer.Total weekly earnings (TR) = 360 * 80
TR = $28800TC = 1200 + 2(80)2TC = 1200 + 12800TC = $14000Total revenue from college computers = TR - TC
Profit: 28800 minus 14,000Gain = $14,800Therefore to maximise its profit in the market, the company will offer 80 PCs for $360.
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1. Costs and benefits aren't always measured in dollars and cents. Assume
your gym teacher just told you to "drop and give me 20!" You have already
completed one set of 20 pushups. What non-money costs might you
experience if you give the gym teacher what she wants and do another set of
pushups? Answer this question in the form of one or more complete
sentences.
Answers
Answer:
The non-monetary costs you might experience are the calories, time, and the energy that you will burn by doing additional 20 pushups.
Explanation:
As for the benefits, you will lose some calories and gain better physique, strengthening your core. The benefits will certainly outweigh the costs, unless the person drops dead while doing the second act, but your gym teacher should know better. Another point is that not all costs and benefits can be quantified in monetary terms, or "measured in dollars and cents," which the above example has adequately illustrated.
An aging of a company's accounts receivable indicates that estimate of the uncollectible accounts totals $4,731. If Allowance for Doubtful Accounts has a $810 credit balance, the adjustment to record the bad debt expense for the period will require a:________.
a. debit to Allowance for Doubtful Accounts for $3,921.
b. debit to Bad Debt Expense for $3,921.
c. credit to Allowance for Doubtful for $4,731.
d. debit to Allowance for Doubtful Accounts for $4,731
Answers
Answer:
b. debit to bad debt expense for $3,921
Explanation:
Bad debt are debts owed to a business and which cannot be collected. Theses debts occurs during the course of business transaction and are caused by fraud, a company avoiding its obligation to pay or trade disagreements.
With regards to the above, the adjustment to bad debts expense will be the difference between accounts receivable and doubtful accounts.
Bad debts expense = $4,731 - $810 = $3,921
Which of the following is likely to increase the value of a country's currency?
Answers
Higher interest rates in a country can increase the value of that country's currency relative to nations offering lower interest rates. Political and economic stability and the demand for a country's goods and services are also prime factors in currency valuation.
what you have learned about integrated marketing
Answers
Answer:
that it is an approach to creating a unified and seamless experience for consumers to interact with the brand/enterprise
Explanation:
What is the diagnostic phase of a sales meeting called?
O implementation
O gaining attention
O call to action
O needs assessment
Answers
The diagnostic phase of a sales meeting is called "needs assessment".
What happens in the diagnostic phase?During this phase, the salesperson focuses on understanding the customer's specific needs and requirements.
This involves asking questions and actively listening to the customer's responses in order to gain a deeper understanding of their situation and identify potential solutions that the salesperson can offer.
By conducting a thorough needs assessment, the salesperson can tailor their presentation and recommendations to meet the customer's specific needs and ultimately increase the likelihood of closing the sale.
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Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.
Answers
The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.
What does a graph with a market supply curve's vertical axis mean?In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
What products have vertical supply curves as examples?A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.
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what is a living will?
A. legal documents that gives directives on how things should be given to beneficiaries when you die.
B. legal document that begins with “this is my last will and testament”
C. legal document that states end of life medical care
D. legal document that names executors and provides codicils.
Answers
Answer:
I think it's B)
Explanation:
sorry if I get it wrong
Answer:
c is the correct answer
Explanation:
Suresh Company reports the following segment (department) income results for the year. Department M Department N Department O Department P Department T TotalSales $ 63,000 $ 35,000 $ 56,000 $ 42,000 $ 28,000 $ 224,000ExpensesAvoidable 9,800 36,400 22,400 14,000 37,800 120,400Unavoidable 51,800 12,600 4,200 29,400 9,800 107,800Total expenses 61,600 49,000 26,600 43,400 47,600 228,200Income (loss) $ 1,400 $ (14,000) $ 29,400 $ (1,400) $ (19,600) $ (4,200) a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated?
Answers
Suresh Company should eliminate the department N and T has sales dollar lower than Avoidable expenses, therefore those department will be eliminated.
What are avoidable and unavoidable costs and expenses?Costs that can be avoided if a decision is made to change the direction of a project or business are known as avoidable costs. One firm with numerous product lines can decide to discontinue one of them, saving money on labor and material costs. Depending on the decision we make, an avoidable expense may even be completely removed. Unavoidable expenses are irrelevant costs; costs that can be avoided are relevant costs.
The department with less sales than avoidable expenses eliminated
Dept M Dept N Dept O Dept P Dept T Total
Sales $63,000 $0 $56,000 $42,000 $0 $161,000
Expenses
Avoidable: $9,800 $0 $22,400 $14,000 $0 $46,200
Unavoidable $51,800 $12,600 $4,200 $29,400 $9,800 $107,800
Total
expenses $61,600 $12,600 $26,600 $43,400 $9,800 $107,800
Net income
(loss) $1,400 ($12,600) $29,400 ($1,400) ($9,800) $7,000
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Think of a potential product you might buy or create to sell in your store. Describe this product and estimate how many you think you can reasonably sell your first year in business.
Answers
The product that I will sell in my store is Coffee, I will prepare (create) the coffee in store and will sell it, I will be able to sell almost 200 coffee cups per day which makes 73,000 cups per year.
What is a Business?Business is a trade in which a person purchases or makes the inventory and sell it for profit, the strategies are made and acted accordingly to maximize the profit.
The potential business will be a coffee shop where I will sell the coffee that will be prepared in my store, according to a survey an average coffee shop sells 230 cups of coffee everyday, being pessimist and a new coffee shop I am estimating to sell 200 cups of coffee per day which makes 73,000 cups of coffee per year. This coffee cup is estimated to be sold for $3 each and will cost $2 so a profit of $1 will be available on each cup of sale.
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Suppose the data have a bell-shaped distribution with a mean of 25 and a standard deviation of 5. Use the empirical rule to determine the percentage of data within each of the following ranges.
(a) 15 to 35 approximately 68% approximately 95% almost all
(b) 10 to 40 approximately 68% approximately 95% almost all
(c) 20 to 30 approximately 68% approximately 95% almost all
Answers
Answer:
a) 15 to 35 approximately 95%
(b) 10 to 40 approximately almost all
(c) 20 to 30 approximately 68%
Explanation:
The data have a bell-shaped distribution which means the data is equally distributed on both sides of the mean.
We have the mean at 25 and a standard deviation of 5 which means that the interval is for each of the values of 5 .
The mean would be u and
The first value would be u ±σ = 25 ± 5= 20 and 30 (68 % )
The second value will be u ± 2σ= 25± 10 = 15 and 35 (95%)
The third value will be u ± 3σ= 25 ± 15 = 10 and 40 (99.7 % almost all)
In the figure below the light blue region gives u ±σ on both sides of the mean
, dark blue gives u ± 2σ values on both sides of the mean and grey gives
u ± 3 σ values on both sides of the mean.
It is obvious that 68 % of the data is contained in the u ±σ light blue region, 95 % of the data in the u ± 2σ dark blue including light blue and 99.7 % in the u ± 3σ all colored regions.
The RIASEC model is one way to classify people by their personality type. The model suggests that employees will have more career satisfaction, job knowledge, and longevity if their occupations match their personality type.
a. True
b. False
Answers
Answer:
True
Explanation:
The SDS ( RIASEC MODEL) is a direct product of a theory of personality types and environmental models developed by John Holland.
It proves that you can use your three-letter Summary Code to locate occupations (or fields of study, or leisure activities) that correspond best with your personality and thus are most likely to satisfy you.
"Sorry to put you through that test. We're more like a team of investors than operational partners even Seth and Jia, who started the restaurant 30 years ago. So we need to be sure you'll run the restaurant ethically. Everybody did love Julio, but he was a mess. We'd never hire him back. We'd like to hire you, but on a probationary basis for three months. What do you need to get started
Answers
Explanation:
Analyzing all the information related to the question above, a good strategy for an effective start would be to adopt good work practices such as organization and ethics, which were information provided by investors about what they expect from the new manager. That is why it is necessary to establish an effective and positive communication with employees and customers of the restaurant, be an ethical professional who meets the requirements and policies proposed by the company, etc.
A good strategy also to start in the internship regime and make a good impression for investors would be to talk with the establishment's prominent employees about the best practices to be adopted in the restaurant to be successful.
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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1. A creditor's claim to the property of an individual or business is called
a. an equity
b. an asset
ca liability
d. a credit
Answers
Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
what is consumer surplus
Answers
what was the key to getting support for converting from petroleum to synthetic lubricants?
Answers
Demonstrating superior performance, R&D, strategic partnerships, and emphasizing environmental benefits were key to gaining support for the transition to synthetic lubricants.
In order to gain support for converting from petroleum to synthetic lubricants, several key factors played a significant role.
One key factor was the ability to demonstrate the benefits and advantages of synthetic lubricants over petroleum-based alternatives. Synthetic lubricants offer superior performance, including improved viscosity index, thermal stability, oxidation resistance, and better lubricating properties at extreme temperatures.
By highlighting these advantages, companies could persuade stakeholders, such as manufacturers, fleet operators, and consumers, to embrace the switch.
Additionally, conducting comprehensive research and development to continually improve synthetic lubricant technology was crucial. This allowed manufacturers to address any initial skepticism, build confidence in the product, and showcase its long-term value and reliability.
Proven performance through testing and case studies played a vital role in convincing potential users and gaining their support.
Moreover, establishing strategic partnerships with industry leaders, including automotive manufacturers, machinery manufacturers, and major consumers of lubricants, was instrumental in garnering support for the conversion.
Collaboration with these stakeholders helped demonstrate the compatibility of synthetic lubricants with their equipment, validate their effectiveness, and create a favorable environment for adoption.
Furthermore, educating the market about the environmental advantages of synthetic lubricants was key. Synthetic lubricants often have a lower environmental impact, reduced emissions, and increased energy efficiency compared to petroleum-based counterparts.
Emphasizing these eco-friendly aspects resonated with environmentally conscious consumers and regulatory bodies, leading to greater acceptance and support.
In summary, the key to obtaining support for converting to synthetic lubricants involved showcasing their superior performance, conducting robust research and development, forging strategic partnerships, and highlighting their environmental benefits.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Answers
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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when requesting vendor bids, the project management team prepares a ______, a document specifying all the system requirements and soliciting a formal plan from each vendor contacted.
Answers
When requesting vendor bids, the project management team prepares a request of proposal, a document specifying all the system requirements and soliciting a formal plan from each vendor contacted.
In the field of business, a vendor bid can be described as a kind of system in which bids are accepted for a property that an owner wants to sell.
A request for a proposal that contains all the necessary requirements that are expected from a particular vendor are mentioned in the request of the proposal. Based on the request of the proposal, the management team of a business can decides which vendor to choose for the selling of the asset. Hence, a request of proposal is essential for soliciting a formal vendor bid.
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You have $50,000 in your account. Assuming no additional deposits are made and your account earns 8 percent per year, how long will it take for the account to have a balance of $500,000?
Answers
Answer:
29 years
Explanation:
50,000 + 8% = 54,150
it will take you 29 years in total
to be exact 504,882
Answer:
29.92 years
Explanation:
A = Ai * (1 + r)^n
500,000 = 50,000*(1 + 0.08)^n
divide by 50000
10 = 1.08^n
log of both sides
log(10) = n*log(1.08)
n = log(10) / log(1.08)
n = 29.9188 years
What will be the cost of capital, after tax, for a company with 60% debt and 40% equity split if they have the following:
9% cost of debt
6% cost of equity
30% tax rate
Answers
The cost of capital for the company given its cost of debt, equity and tax rate is 6.18%.
What is the cost of capital?The cost of capital is the rate at which a company gets finances to run its businesses. The cost of capital can be determined by calculating the weighted average cost of capital.
Weighted average cost of capital = (cost of equity x weight of equity) + [cost of debt x weight of debt x (1 - t)]
Where: t = tax rate
Weighted average cost of capital = (0.4 x 6%) + [0.6 x 9 x (1 - 0.3)]
Weighted average cost of capital = 2,4% + 3.78 = 6.18%
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A farmer has allowed people to come onto the farmers property to hunt for deer. The farmer gave verbal permission to some people and written permission to others. In real estate, such permission is generally considered to be?
Answers
In real estate, such permission is generally considered to be called an Official permission.
What word means official permission or approval?The term official permission is known to be a kind of an authorization that is given to a person.
Note that this is known to be an approval to be able to use a property or not. Therefore, based on the above, one can say that In real estate, such permission is generally considered to be called an Official permission.
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