Alpaca Corporation had revenues of $270,000 in its first year of operations. The company has not collected on $18,700 of its sales and still owes $26,300 on $80,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $14,500 in salaries. Owners invested $25,000 in the business and $25,000 was borrowed on a five-year note. The company paid $2,400 in interest that was the amount owed for the year, and paid $5,400 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%.Compute net income for the first year for Alpaca Corporation:
a) $ 183,092
b) $ 186,186
c) $ 225,000
d) $ 204,600
Answers
Answer:
net income after taxes $102,240
Explanation:
net income:
total revenues $270,000
- cost of goods sold ($80,000)
gross profit $190,000
- salaries ($14,500)
- interest expense ($2,400)
- insurance expense ($2,700)
net income before taxes $170,400
- income taxes ($68,160)
net income after taxes $102,240
Related Questions
Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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Using what you know about equity theory, expectancy theory, and organizational justice, explain why Stephen and Bianca have different perceptions of what fairness means when it comes to implementing summer hours.
Answers
Stephen and Bianca's different perceptions of fairness can be explained by the interplay of equity theory, expectancy theory, and organizational justice. By understanding these concepts, organizations can strive to create fair and equitable policies that motivate employees and foster a positive work environment.
What are the perceptions of fairness of these two peopleStephen and Bianca's different perceptions of fairness when it comes to implementing summer hours can be explained by the concepts of equity theory, expectancy theory, and organizational justice.
Equity theory suggests that individuals compare their inputs (e.g. effort, time, skills) and outcomes (e.g. rewards, recognition) to those of others to determine if they are being treated fairly. If the ratio of inputs to outcomes is perceived as unfair, individuals may experience feelings of anger or resentment.
Expectancy theory suggests that individuals are motivated to work harder when they believe that their effort will lead to higher performance and greater rewards. If individuals do not believe that their effort will be rewarded fairly, they may be less motivated to work hard.
Organizational justice refers to the perceived fairness of workplace policies and procedures. If Stephen and Bianca perceive the implementation of summer hours to be unfair, they may be less likely to view the organization as a fair and just place to work.
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practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each
Answers
Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.
Academics:
Short-term goals:
Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:
Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.
Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.
Career Preparation:
Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.
Long-term goals:
Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.
Family:
Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.
Long-term goals:
Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.
Hobbies:
Short-term goals:
Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.
Long-term goals:
Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.
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Given the figures below...
a. What geographical characteristics are common to states with the lowest energy usage per person?
b. Were there any temperatures above 80°F in the United States on the date shown in the contour map? If so, where?
Answers
a. States with the lowest energy usage per person in the United States often have mild climates and/or access to renewable energy sources. Specifically, they may have:
Lower average temperatures, reducing the need for heating and coolingAccess to renewable energy sources, such as hydroelectric or wind powerA smaller population density, leading to less energy consumption for transportation and infrastructureb. There was no state with temperatures above 80°F in the United States on the date shown in the contour map.
What is the energy usage about?States with low energy usage per person in the United States often have specific geographical characteristics and access to renewable energy sources. Here are some examples:
New York: New York has the fourth-lowest energy usage per person in the United States. The state has implemented energy efficiency policies, such as building codes and incentives for energy-efficient appliances. It also has access to hydroelectric power from the Niagara Falls.
Lastly, Vermont: Vermont has the second-lowest energy usage per person in the United States. Like Maine, Vermont's colder climate reduces the need for air conditioning. The state also has a high percentage of renewable energy sources, including hydroelectric power and solar energy.
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The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was ________.
Answers
The answer is 60,000$ debit, The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was 60,000$.
Is debit positive or negative?Debit is the positive side of a balance sheet account and the negative side of a result item. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the reduction of a liability or revenue. A credit is the reverse of a debit.
Does debit imply that I owe money?Your account is in credit if it has a balance that reads "we owe you." You owe us indicates a debt balance. Your credit will be used to pay future expenses if you pay your monthly Direct Debit invoices in installments.
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in the cash book, every cash receipt is______ and every cash payment is_______
Answers
how bill of rights affect you as a young person
Answers
There are several significant ways that the Bill of Rights impacts young people. The Bill of Privileges, which comprises the first ten amendments to the U.S. Constitution, specifies the fundamental liberties and privileges to which all citizens are entitled.
Due to age-related prejudice and barriers to exercising their rights, young people's potential is restricted. Thus, the full enjoyment of fundamental rights and freedoms by youth is referred to as the human rights of youth.
Future generations will shape society. Simply maintaining the status quo of society is all that is required of the younger generation. The youngster develops leadership skills and has the potential to positively impact others' lives when they devote their thoughts and efforts to resolving social concerns.
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One important way in which banks make economic growth possible is by
A)
selling savings bonds.
B)
cashing payroll checks.
C)
lending money to business startups.
D)
offering checking and savings accounts.
Answers
Answer:
c). Lending money to business startups.
Explanation:
Banks receive deposits from customers, retains a small fraction, and loan out the big proposition to other customers. This way, banks pull together resources for businesses and households to borrow for consumption and expansion. Therefore, banks are intermediaries for the supply and demand for credit.
Banks help in economic development by availing capital for start-ups and growth through loans. They use customers' deposits to create credit facilities for businesses.
You just purchased a bond that matures in 5 years. The bond has a face value of $1,000 and an 8% annual coupon. The bond has a current yield of 8.21%. What is the bond's yield to maturity?
Answers
Answer:
Your answer is given below:
Explanation:
Information provided:
Face value= future value= $1,000
Time= 5 years
Coupon rate= 8%
Coupon payment= 0.08*1,000= $80
Current yield= 8.21%
Current yield is calculated using the below formula:
Current Yield= Annual interest/Current price
0.0821= $80/ Current price
Current price= $80/ 0.0821
= $974.42
The yield to maturity is calculated by entering the below in a financial calculator:
FV= 1,000
PV= -974.42
N= 5
PMT= 80
Press the CPT key and I/Y to compute the yield to maturity.
The value obtained is 8.6517.
Therefore, the yield to maturity is 8.65%.
If an increase in the price of good x causes a decrease in the demand for good y, we can conclude that:_________
Answers
Answer:
the price of good Y will Increase and goods are complimentary
This is like highschool economics,
There should be quizlet flash cards for this
If an increase in the price of good x causes a decrease in the demand for good y, we can conclude that then, both X and Y goods are complementary goods.
What are substitute goods?Similar products that a client may employ for the same purpose are substitute goods. If the product they prefer is offered, your customers might buy it, but they might also look at alternatives if the price, the product's availability, or its quality changes. The demand for an item is frequently affected by these changes as well.
A complementary good or service is one that is utilized in conjunction with another good or service. Typically, the complimentary product has little to no value when ingested by itself. However, when combined with another good or service, it raises the bid's overall worth.
When two goods are complementary, a rise in the price of one good will result in a decline in the demand for the other good. The demand curve is also affected by the costs of related or replacement commodities.
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-5/12 - (-9/3) how do i do this
Answers
Explanation:
\(-5/12 - (-9/3)\)
Brief Exercise 22-07 Sunland Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,020 in the first quarter, and $5,140 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,120 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.
Answers
Answer:
So whats the question???
Explanation:
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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Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?
Answers
The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:
(1 + R) = (1 + r)(1 + h)
r = [(1 + .17) / (1 + .036)] - 1
r = .12934, or 12.93%
An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.
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which is the best definition of the purpose of a business?
Answers
Answer:
The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents.
It could also mean that people who create businesses want to sell their products to make money.
Question 7 of 10
Yuki is setting up a display in the hardware store where he works. What does
this activity most likely involve?
A. Stacking cartons of merchandise in a safe location
B. Arranging items on shelves at eye level
C. Sorting nuts and bolts from smallest to largest
D. Creating a special exhibit of featured products
Answers
Answer:
D. Creating a special exhibit of featured products
Explanation:
Just did a quiz. a pex
Yuki is setting up a display in the hardware store where he works. Creating a special exhibit of featured products this activity most likely involves. The correct option is D.
What is the importance of an exhibition?Exhibitions and events are effective marketing strategies. They provide you a chance to advertise your goods or services to an audience that may be unfamiliar with you or your business. Additionally, they provide a chance to network with both current and new clients. Continue reading to learn about more advantages of exhibitions.
Your product displays play a crucial role in attracting customers. You can easily draw customers in and emphasize your product's standout characteristics with a well-designed POP display. One risk of shopping is being lost in the sea of merchandise.
Thus, the ideal selection is option D.
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What are the differences between first-generation OD and second-generation OD? What are the major changes between these two generations of OD practice? What do you think have been the losses or gains in the second generation of OD practice?
Answers
The main difference between the two generations of OD is that the first generation focuses on individual development, while the second generation focuses on the development of the entire organization.
1st generation:
We focus on personal growth through T Group. Management Practices and Employee Participation.
- Behavioral surveys, survey feedback and sociotechnical systems.
Second generation:
It highlighted larger system-wide concerns such as culture, change management, and organizational development. I think there are some gains and losses. OD is not a one-size-fits-all approach. Different organizations therefore require different approaches. It is a win in the sense that they are new and improved because there are new experiences and research programs and scholars build on previous practices.
But it's a loss. Perhaps his OD practices in the 1st gen work best for a particular company, but are overlooked or heavily altered for the 'benefits' of the 2nd gen and never tried. because they won't try. In defining these groups, “first generation” refers to foreign-born individuals who have at least one foreign-born parent. People born in the Netherlands from at least one of their foreign-born parents belong to the 'second generation' (CBS, 2000).
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In the economic environment of 2010-2014, the U.S. experienced a slow-growing economy with record low interest rates. In what ways does this type of economic environment diminish the importance of working capital management to the firm
Answers
Answer:
Throughout the clarification section elsewhere here, the description of the query is mentioned.
Explanation:
During the year 2007, the eruption including its sub-prime crisis struck the U.S., which escalated to a full-fledged financial crisis. Whilst also 2010-2014, the United States government had not fully recovered from the crisis, as well as the unemployment number was still high. It would still be trying to do it anyway. This consequently led towards a low demographic demand and therefore a decline in supply, that contributed to little company growth.' This inevitably eventually led to a heavy budget.We recognize that maintenance of working capital applies to investments in existing assets such as inventory that are repossessed within the next year or shorter and therefore are necessary for the day-to-day activities of the company. It also serves as a buffer against liquidity tightening restricting access to extra money. Even though short-term yields were already low, interest rates are low, making it extremely difficult to raise financial operating expenses, businesses are now struggling to retain their investment returns intact. The value of the maintenance of capital expenditures is thus reduced.Rafael transfers the following assets to Crane Corporation in exchange for all of its stock.
Note: Assume that neither Rafael nor Crane plans to make any special tax elections at the time of incorporation.
Assets Rafael's Adjusted Basis Fair Market Value
Inventory $60,000 $100,000
Equipment 150,000 105,000
Shelving 80,000 65,000
Note: If an amount is zero, enter "0". Do not round any division.
a. Rafael's realized _________________ is $ _________________ . Of this amount, $ _________________ is recognized.
b. Assuming no election is made, Rafael's basis in the stock is $ _________________ .
c. Crane's basis is $ _________________ for inventory, $ _________________ for equipment, and $ _________________ for shelving.
d. If Rafael plans to hold his stock for a substantial period of time, he and Crane may elect to allow Crane _________________ a carryover basis in the assets received. Its basis in the assets would also change to $ _________________ for inventory, $ _________________ for equipment, and $ _________________ for shelving.
Answers
Answer:
Im doing the answer in the comments!!
Explanation:
For what reason did Middle English most likely develop? people learned to speak languages other than English people gave up their languages to begin speaking English people tried to make everyone around them speak English people who spoke English met people who spoke other languages
Answers
The reason Middle English had to develop was due to the fact that people tried to make everyone around them speak English
How did Middle English develop?The Norman Conquest of 1066, when William the Conqueror (after known as William I of England) conquered the island of Britain from his base in northern France and established there with his nobles and court, marked the beginning of the change from Old English to Middle English.
There are many causes, but the Norman conquest of Britain in 1066 was a significant one. An early form of French that was used by the Normans swiftly replaced the native tongue as the official language of England for political and legal purposes.
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The store IKEA provides many
Answers
The store IKEA provides many products to as many people as possible.
What is IKEA's strategy?IKEA's strategy is based on providing a wide range of well-designed, functional products at affordable prices. They aim to offer a unique shopping experience, which includes a showroom-style store layout that encourages customers to browse and explore their products.
One of the key aspects of their strategy is their use of flat-pack furniture, which allows them to keep costs low by reducing transportation and storage costs. This also makes it easier for customers to transport the furniture home and assemble it themselves, further reducing costs.
Therefore, IKEA's strategy is focused on providing value to its customers through affordable, well-designed products, a unique shopping experience, and a commitment to sustainability.
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Solutions for lack of accurate and timely information?
Solutions for information overload?
Answers
Information overload is a rising issue for organisations all over the world, and improving employee experience is a top concern for the majority of them. The problem is that, despite the fact that information overload is a well-known issue, it appears that most firms have yet to find effective methods to address it, which is rather concerning.
Information overload in the workplace refers to the large volume of irrelevant information that circulates among employees. In today's job, it is difficult to prevent information overload. Most businesses, from start-ups to huge corporations, are experiencing information overload.
It is also critical to deliver correct and timely information. People and organizations will make poor judgements in the absence of accurate, reliable, and timely information.
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You and your colleagues have just been hired as the marketing team for an alternative music radio station that will launch in one month, targeting a core group of men and women aged 18–24. The general manager has asked you to develop the “ideal” media plan for launching the station. (For this initial draft, you may ignore budget concerns). Your challenge is to develop a highly innovative, carefully targeted plan for the first six months of operation, keeping in mind that too much exposure will turn away the alternative music crowd, but too little exposure will yield too few listeners. Assume that advertising will begin two weeks before the day of the launch. Where will you advertise? How will you time your advertising?
Questions to Consider:
· Do nontraditional media (e.g., text messages) invade privacy? “Commercial pollution”? Why or why not?
· When a campaign uses multiple media vehicles, how can you measure the effectiveness of each individually?
Answers
To develop the "ideal" media plan for launching an alternative music radio station targeting 18-24 year olds, it is necessary for the marketing team to conduct market research to identify the advertising channel and timing of the publicity.
How to choose the ideal advertising channel?It is necessary that the advertisements of a company are aligned with the public that it wants to reach. Analyzing the information in the question, the first step that marketers should identify would be the communication channels and media that their target audience uses most.
Assuming that young people aged 18 to 24 who listen to alternative music use forums to exchange ideas about music, perhaps exposure of radio advertising on this platform could reach the target audience while remaining exclusive.
Therefore, all marketing communications must be primarily aligned with the needs and desires of the potential consumer in order to be successful. Advertising needs to engage, create value for the consumer and cause the desire to consume a certain product or service.
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Which of the following are low- or no-cost means of advertising a job opening? (Check all that apply)
- College placement office
- Trade association
- Word of mouth
Answers
Word of mouth is a low- or no-cost means of advertising a job opening. Thus, option 'C' is the correct option.
What is a job advertisement?A notification that a particular work opportunity is open is known as job advertising. It is written in an enticing style and includes details about the employment opportunity as well as your business and the perks you provide. Especially if you have a sizable following on social media, it may be a terrific location to market your position.
On social sites, you are free to post a job advertisement. You could launch a PPC (pay-per-click) or PPA (pay-per-applicant) campaign if free advertising doesn't get the desired response, but that may get pricey very fast. Many employment boards provide introductory discounts for your initial posting.
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What is YTM of a bond that matures in 23 years with semiannual coupon payments if quoted price is 103.203, par value $2,000 coupon rate of 6.81%?
Answers
The YTM is 6.54% for the required period of time. YTM means yield to maturity.
What is the meaning of YTM?A rate of return estimate is the yield to maturity (YTM). It is assumed that the bond buyer would keep the bond until it matures and that they will reinvest all interest payments at the same interest rate. Consequently, the coupon rate is taken into account while calculating yield to maturity. YTM is another name for the yield on redemption.
According to given question
Face value=$ 2000
Current price= 2000*(103.203/100)=2064.06
Time=23*2=46
Coupon=6.81*2000*5=68.1
YTM=[(68.1+((2000-2064.06)/46))/(2000+2064.06)/2)*2
YTM=6.54%
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True or False: In a set of numerical data, the value for Q3 can never be smaller than the value for Q1.
Answers
Write the quadratic equation in standard form that corresponds to the graph shown below.
Answers
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
Answers
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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Present owners of a network good receivegreater benefits as new buyers purchase the good. How do network externalities help a monopoly retain its market power? By exploiting network externalities, a firm can become a natural monopoly. If there are strong network externalities associated with a good, other goods are poor substitutes for it. Goods with network externalities are more likely to receive a government patent.
Answers
Answer:
How network externalities help a monopoly retain its market power:
By exploiting network externalities, a firm can become a natural monopoly.
Explanation:
In economics, Network externality describes a situation whereby the demand for a product depends on the demand of other consumers buying that product. This implies that the value of the product to the consumer is increased because others are joining as buyers. The present owners of a network product will actually gain more benefits as new buyers purchase the good because the fixed costs of rendering the service or providing the good are not increased with increasing buyers, but remain the same over a relevant range.