XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price dividend paid at years end
2007 $330 $5
2008 $340 $5
2009 $320 $5
2010 $325 $5
An investor buys 3 shares of XYZ at the beginning of 2007, buys another 2 shares at the beginning of 2008, sells 1 share at the beginning of 2009, and sells all 4 remaining shares at the beginning of 2010. Requirement 1: What are the arithmetic and geometric average time-weighted rates of return for the investor? (Round your answers to 2 decimal places. Omit the "%" sign in your response.) Arithmetic mean Geometric mean % % Requirement 2: (a) What is the dollar-weighted rate of return? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places. Omit the "%" sign in your response.) Rate of return %
Answers
The arithmetic mean rate of return is 1.00%, the geometric mean rate of return is -2.00%, and the dollar-weighted rate of return is -20.89%
To calculate the time-weighted rates of return, we need to find the ending value of the investment and the holding period return for each period:
Year | Shares | Beginning Value | Dividend | Ending Value | Holding Period Return
2007 | 3 | $990 | $15 | $1,035 | (1,035 - 990 - 15) / 990 = 0.03
2008 | 5 | $1,700 | $25 | $1,790 | (1,790 - 1,700 - 25) / 1,700 = 0.03
2009 | 4 | $1,280 | $20 | $1,305 | (1,305 - 1,280 - 20) / 1,280 = 0.02
2010 | 0 | $0 | $0 | $0 | (0 - 1,305 - 20) / (1,305 + 20) = -0.011
Arithmetic mean = (0.03 + 0.03 + 0.02 - 0.011) / 4 = 0.0185 = 1.85%
Geometric mean =
[(1 + 0.03) × (1 + 0.03) × (1 + 0.02) × (1 - 0.011)]\(^(1/4)\) - 1 = 0.0109 = 1.09%
To calculate the dollar-weighted rate of return, we need to find the initial and ending values of the investment, and the cash flows for each period:
Year | Shares | Beginning Price | Beginning Value | Dividend | Cash Flow | Ending Price | Ending Value | Holding Period Return
\(2007 | 3 | $330 | $990 | $15 | -$1,005 | $340 | $1,020 | (1,020 - 990 - 15) / (990 + 1,005)\)= 0.0142
\(2008 | 5 | $340 | $1,700 | $25 | -$1,725 | $320 | $1,600 | (1,600 - 1,700 - 25) /\) (1,700 + 1,725) = -0.0739
\(2009 | 4 | $320 | $1,280 | $20 | -$20 | $325 | $1,300 | (1,300 - 1,280 - 20) / (1,280 + 20)\) = 0.0169
\(2010 | 0 | $325 | $0 | $0 | $1,300 | $0 | $0 |\)
0 = -$450
Initial value = $990 + $1,700 = $2,690
Ending value = $0
Dollar-weighted rate of return = (0 - 2,690 - (-450)) / 2,690 = -0.2089 = -20.89%
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Related Questions
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
Why has globalization led to an
increasing income gap between rich and poor countries?
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
B. The reduced production costs provided by low wages in developing countries enable companies to make larger profits.
C. Reduced transportation costs have enabled developed countries to extract more natural resources from their colonies.
D. Countries with well-established infrastructure and productive capacities have more competitive industries.
Answers
Answer:
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
Explanation:
One way globalization can increase inequality is through the effects of increasing specialization and trade. Although trade based on comparative advantage has the potential to stimulate economic growth and lift per capita incomes, it can also lead to a rise in relative poverty.
Answer:
Countries with well-established infrastructure and productive capacities have more competitive industries.
Explanation:
took test
Spanner company is a retailer that uses the periodic inventory system. on march 1, it had 100 units of product m at a cost of $1590. On march 6 spanner purchased 200 units of m for $3600. on march 10 it purchased 125 units of m for $3000. on march 15 it sold 200 units of m for $6000. calculate the march cost of goods sold and ending inventory at march 31 using (A) first in-first out (B) last in first out and (C) the weighted-average cost method. round your final answer to the nearest dollar.
Answers
(A) First-in, first-out (FIFO) Method:
COGS = (100 units x $15.90) + (100 units x $18.00) + (100 units x $24.00) = $4,290
Ending Inventory = (125 units x $24.00) + (200 units x $18.00) = $6,150
(B) Last-in, first-out (LIFO) Method:
COGS = (200 units x $24.00) + (100 units x $18.00) + (100 units x $15.90) = $6,030
Ending Inventory = (125 units x $24.00) + (100 units x $15.90) = $3,962.50 (rounded to $3,963)
(C) Weighted-average cost method:
COGS = 200 units x $19.30 + 100 units x $15.90 + 100 units x $24.00 = $4,860
Ending Inventory = 125 units x $19.30 = $2,412.50 (rounded to $2,413)
What is Cost of Good Sold?The direct costs of producing or acquiring the goods that a company sells to its customers over a given time frame are referred to as the Cost of Goods Sold (COGS) in accounting. It includes the costs of the goods' materials, labor, and overhead.
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one of the relationship maintenance mechanisms endorsed by prep is:
Answers
One of the relationship maintenance mechanisms endorsed by PREP (Prevention and Relationship Enhancement Program) is the use of communication skills training.
PREP is a program designed to help couples develop and maintain healthy, satisfying relationships. It promotes the use of various strategies and mechanisms to strengthen relationships. One of the key mechanisms endorsed by PREP is communication skills training. This involves teaching couples effective communication techniques, such as active listening, expressing feelings and needs, and resolving conflicts constructively. By improving communication skills, couples can better understand each other, express their needs and concerns, and work together to maintain a strong and healthy relationship.
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Ali make a profit of $50.00 on a shirt. He bought it for $72.00. How much did Ali sell it for?
Answers
Answer:
$122
Explanation:
Given that Ali bought a shirt and profited from it, we can expect that Ali sold the original shirt for more than its value.
Reselling Price: 72 + 50 = 122
Final Profit: 122 - 72 = 50
profit=50.00
cp=72.00
loss =?
we know that,
profit =cp-sp
50.00=,72.00-sp
72.00+50.00
SP=122
I WILL MARK BRAINIST IF CORRECT!
Developmental milestones are sequential which means that :
Each stage builds on the one before
Children should achieve each stage at an exact stage
It's easy to identify children with special needs
Children always follow the order of the stages exactly
Answers
Answer:
Children should achieve stage at an exact stage.
Answer:
I think it's D
Explanation:
I'm not fully sure but it seems right but do tell if it isn't
What does a computer forensic specialist do?
Design home security systems
Design large security systems for businesses
Work in network and computer security
Hack into computer systems
Answers
Answer:
a computer forensics specialist is an information technology professional who collects and analyzes data from computers and electronic media to be used as legal evidence in criminal investigations.
Explanation:
3rd sentence
Research that distributes _____ and _____ equally to participants without prejudice is just.
Answers
Ethical research distributes benefit and risk equally to participants without prejudice is just.
Research ethics is the application of fundamental ethical principles to research activities such as research design and implementation, respect for society and others, use of resources and research outputs, scientific misconduct, and research regulation.
There are several reasons why research ethics are important.
They advance research goals such as knowledge expansion.They promote collaborative work values such as mutual respect and fairness. This is critical because scientific research requires collaboration among researchers and groups.They imply that researchers can face consequences for their actions. Many researchers are funded by the government, and regulations governing conflicts of interest, misconduct, and research involving humans or animals are required to ensure that funds are spent wisely.They ensure that the public can have faith in research. People must believe in research in order to support and fund it.They advocate for important social and moral values, such as the principle of not causing harm to others.Learn more about research ethics here:
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Which of the following is not a reason why a high dependency rate leads to low levels of social welfare?
A. Resources are disproportionately spent on the oldest members of society.
B. Dependents contribute little to the national economy.
C. Dependents contribute little to the tax base.
D. The average age of the national population is too low to support economic and social growth.
Please select the best answer from the choices provided.
Answers
Resources are disproportionately spent on the oldest members of society is not a reason why a high dependency rate leads to low levels of social welfare.
Whenever we talk about resources, we're talking about all the things that are available to us in our surroundings that are both economically and culturally viable, technologically accessible, and assist us meet our needs and desires. Renewable and non-renewable resources can be generally categorised based on their availability. On the basis of their level of development and usage, they may also be divided into real and prospective categories. They can also be divided into biotic and abiotic categories according to their origin, and regional and omnipresent categories according to their dispersion. With time and the advancement of technology, an object becomes a resource. Increasing money, ensuring a system works well, or improving wellbeing are all advantages of resource use.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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which line from the fellowship of the ring shows an element of fantasy?
Answers
The line that shows element of fellowship is "I wish it need not have happened in my time," said by Frodo.
One line from J.R.R. Tolkien's "The Fellowship of the Ring" that vividly demonstrates an element of fantasy is:
"'I wish it need not have happened in my time,' said Frodo. 'So do I,' said Gandalf, 'and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us.'"
This quote encapsulates the fantastical nature of the story by presenting a conversation between Frodo Baggins, a hobbit, and Gandalf the Grey, a wise wizard. The exchange reflects the fundamental premise of the novel, where beings from different races and magical entities coexist in a world filled with mythical creatures, ancient powers, and epic quests.
The mention of Gandalf, a powerful wizard, immediately transports the reader into a realm of fantasy. Wizards are iconic figures in fantasy literature, representing the embodiment of arcane knowledge, mystical abilities, and otherworldly wisdom. Gandalf's presence signifies the existence of magic within this fantastical universe.
Additionally, the dialogue highlights the extraordinary circumstances that characters like Frodo and Gandalf find themselves in. Their discussion about the occurrence of significant events in their respective lifetimes suggests that their world is one where epic adventures, great conflicts, and world-altering quests are not uncommon.
Such events are characteristic of fantasy narratives, where protagonists are often thrust into extraordinary situations that test their courage, resilience, and moral choices.
Overall, this line from "The Fellowship of the Ring" showcases the presence of magical beings, fantastical elements, and the grand scale of the story, all of which contribute to the essence of fantasy in Tolkien's masterpiece.
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The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:
Answers
Answer:
Electronic Signatures in Global and National Commerce Act (ESIGN)
Explanation:
The act with its definition and remedial steps for mistakenly created e-commerce contracts is" Electronic Signatures in Global and National Commerce Act (ESIGN)."
The United States Congress passed the Electronic Signatures in Global and National Commerce Act (ESIGN) in 2000. It has its definition by defining some keywords or phrases such as "Electronic," "Electronic Record," Electronic Signature," etc., under section 106 of the act.
It also states the remedial steps for mistakenly created e-commerce contracts under another section.
Does a monopolistically competitive firm tend to have a more elastic or less elastic demand than a monopoly? explain why.
Answers
A monopolistically competitive firm will have a more elastic demand than a monopoly because there will likely be more close substitutes.
What is monopoly, in a nutshell?A market setup where there is only one seller and one sort of items offered. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.
What benefit does monopoly provide?Monopolies have the benefit of guaranteeing a steady supply of a good that is too expensive to sell in a competitive market. A few negatives of monopolies include price-fixing, inferior products, a lack of incentive for innovation, and cost-push inflation.
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HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
which of the following is more like laws and regulations a.standard
b.wages
c.prices
d.resources
Answers
Answer:
a. standard
Explanation:
A standard is more like laws and regulations because it defines the level of quality or minimum requirements that is acceptable in a business firm. Thus, all of the activities and operations of the business firm are developed and designed to the set standard.
This ultimately implies that, standard are set by the management or top executive based on certain criteria and it is expected that all the various parts of the business, as well as the people working there are operating at par with it.
For example, the Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.
According to the Occupational Safety and Health Administration (OSHA), safety precautions such as wearing a personal protective equipment e.g masks (respirators), ear plugs, safety boots, gloves, helmet, etc. are very important and essential to be used by workers while working in a hazard prone environment or industries.
1. Two of the goals for this course are to help students (1) form coherent moral evaluations about business situations and (2) act with integrity in business situations. Consider one of these goals - formation or integrity - and explain what it is and how it has been addressed by the course content so far. What else do you think the course needs to address in order to advance the goal you are considering
Answers
The two objectives of the course are related, as an individual encouraged to form coherent moral assessments of business situations is more likely to act with integrity in business.
How important is business ethics?It is essential that each professional maintain an ethical posture in all spheres of their life, especially in the workplace, as ethics contributes to the improvement of the micro and macro environment such as:
Strengthening organizational cultureProductivityDevelopmentMotivationStakeholder perceptionTherefore, business-related integrity is essential for every employee and leader as it will increase reliability and generate greater added value over an organization's processes, products and services.
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Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.
Answers
Answer:
Working in public sector requires alertness, assertiveness, intelligence, and emotional stability in any individual
Explanation:
Career in public sector services require lot of efforts and determination along with passion for working for the betterment of the society.
A person must love to take up challenges of every day life, must be compassionate towards their fellow country mate, must be intellectual, emotionally intelligent and along with that must have control on their feeling, vocals speeches, or any social media remarks.
Is Vegeta the prince of all saiyans or the king of all saiyans
Answers
Answer: the prince
Explanation: Vegeta first appears in chapter #204 "Sayonara, Son Goku", published in Weekly Shōnen Jump magazine on November 7, 1988, seeking the wish-granting Dragon Balls to gain immortality. Vegeta is the prince of an extraterrestrial warrior race known as the Saiyans.
In addition to competition for food, what is another example of a density dependent process that can affect population growth rates?
Answers
Predation, inter- and intraspecific competition, waste buildup, and diseases including parasitic diseases are the most density-dependent biological (biotic) factors. Generally speaking, a population's mortality rate increases with population density.
What is Density-dependent regulation?When population growth rates are controlled by population density, this is known as density-dependent processes in population ecology.
Predation, intra- and interspecific competition, waste accumulation, and diseases including parasitic diseases are the most density-dependent biological (biotic) factors.
Normal mortality rates increase with population density.
The reproduction rates of the individuals, for instance, will often be lower during intra- and interspecific competition, slowing the rate of population expansion.
Because the predator has a harder time discovering its food supply, low prey density also raises the mortality of the prey.
Results from a study on the giant intestinal roundworm (Ascaris lumbricoides), a parasite of humans and other mammals, provide as an illustration of density-dependent control.
The information indicates that the parasite is less fertile in denser populations since there were fewer eggs present.
The fact that females would be smaller in groups with increased density due to scarce resources and hence lay fewer eggs is one explanation for this phenomena.
In a 2009 study, the concept that female weight had any bearing on the outcome was evaluated and refuted.
There is still more research that needs to be done to determine the exact reason why this organism's fecundity is density-dependent.
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Please help worth bonus points!
Answers
Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answers
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
collateral programs, such as an employee fitness program, are one strategy organizations employ to help employees manage stress. a. true b. false
Answers
The answer to the question is true. Organizations use auxiliary programs, like a fitness program for employees, to assist staff in managing stress.
All professions experience job stress at some point, but health care workers are particularly vulnerable. Because of their particular work environment, health-care workers make up a significant population that might be harmed by workplace stress.
The study was conducted at Felege-Hiwot Referral Hospital in Bahir Dar, Northwest Ethiopia, to assess the degree of job stress among medical personnel and its contributing variables. Methods. In the Felege-Hiwot Referral Hospital, a cross-sectional institutional research with randomly chosen healthcare personnel was done.
Trained data collectors and the supervisor used a self-administered structured questionnaire to gather the data. After being input into EPI-info version 7, the obtained data were exported to SPSS version 20 for analysis. To evaluate the relationships between the dependent and explanatory variables, logistic regression was used.
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Can anyone here help me with a P.O.B sba??
Please
Answers
Answer:
que
Explanation:
The production possibilities frontier is a graphic representation of
Answers
In what type of economy do individuals and firms determine what will be produced?
Mixed
Traditional
Market
Command
Answers
Answer:
market
Explanation:
Suppose Wacken, Limited, just issued a dividend of $1.85 per share on its common stock. The company paid dividends of $1.50, $1.59, $1.66, and $1.77 per share in the last four years.
a. If the stock currently sells for $45, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What if you use the geometric average growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a. Cost of equity____%
b. Cost of equity____%
Answers
The Cost of equity using the arithmetic average growth rate in dividends is 9.16% and using the geometric average growth rate in dividends is 8.84%
.a. Cost of equity using the arithmetic average growth rate in dividends:Given dividend payout:$1.50, $1.59, $1.66, $1.77, $1.85Given Selling price of stock, P=$45We need to estimate the cost of equity. It can be found using the Gordon Growth Model formula:g = (D1 / P) + g, whereg = the company's annual dividend growth rate,D1 = the expected dividend in one year from now,P = the current stock priceWe can estimate the growth rate using the arithmetic average growth rate formula:
Arithmetic average growth rate = [($1.85/$1.50)^(1/4)] - 1Arithmetic average growth rate ≈ 5.58%Expected dividend in one year = $1.85 (Given in question)Cost of equity capital = [($1.85 / $45) + 5.58%] x 100%Cost of equity ≈ 9.16%b. Cost of equity using the geometric average growth rate in dividends:Geometric average growth rate = [(1.50 x 1.59 x 1.66 x 1.77 x 1.85)^(1/5)] - 1Geometric average growth rate ≈ 5.44%Cost of equity capital = [($1.85 / $45) + 5.44%] x 100%Cost of equity ≈ 8.84%
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Which is NOT a characteristic of a successful entrepreneur?
Answers
Answer: Procastination, not being innovative
Explanation:
There many characteristics that are not traits of a successful entrepreneur;
- Laziness and procastination; an entrepreneur is one who doesn't give in easily regarding laziness or procastination
- Inability to innovative; what makes an entrepreneur standout is innovation most times, doing things differently from the rest leads to success
Answer:
Ambiguous
Explanation:
You don't need to be ambiguous to be be successful.
4. identify at least three poka-yokes in day to day life (5) a. what are the embedded tests? (5 points) b. how might you improve these poka-yokes? (10 points
Answers
Poka-yokes are mechanisms or steps in a process that are implemented to prevent errors from occurring. An embedded test, also known as a diagnostic test, is a test that is integrated into a product to detect and diagnose problems.
Here are three examples of poka-yokes that are commonly found in everyday life:
1. A keyless car ignition system that requires the car to be in the park before starting the engine. This poka-yoke prevents the car from being accidentally driven while still in gear.
2. A toaster with a lever that pops up when the toast is done. This poka-yoke prevents the user from burning their toast.
3. A microwave that beeps when the door is left open. This poka-yoke prevents the user from accidentally microwaving food with the door open.
To improve these poka-yokes, one could conduct usability testing and gather feedback from users to identify any areas for improvement.
For example, a user might find the keyless ignition system confusing and suggest adding visual cues to indicate when the car is in the park. Or a user might find the toaster lever too stiff and suggest making it easier to push down. By incorporating user feedback, manufacturers can improve the effectiveness of their poka-yokes and reduce the likelihood of errors or accidents.
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Matthew, Inc., owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee's operations and decision making. On January 1, 2021, the balance in the Investment in Lindman account is $422,000. Amortization associated with this acquisition is $15,000 per year. In 2021, Lindman earns an income of $138,000 and declares cash dividends of $46,000. Previously, in 2020, Lindman had sold inventory costing $35,000 to Matthew for $50,000. Matthew consumed all but 25 percent of this merchandise during 2020 and used the rest during 2021. Lindman sold additional inventory costing $42,900 to Matthew for $65,000 in 2021. Matthew did not consume 40 percent of these 2021 purchases from Lindman until 2022.
a. What amount of equity method income would Matthew recognize in 2021 from its ownership interest in Lindman?
b. What is the equity method balance in the Investment in Lindman account at the end of 2021?
Answers
(a) Matthew, Inc. would recognize equity method income of $26,400 in 2021. (b) The equity method balance in the Investment in Lindman account at the end of 2021 is $478,020.
a. To calculate the equity method income for 2021, we first need to determine the share of Lindman's net income attributable to Matthew, Inc. Since Matthew owns 30% of Lindman, its share of net income is calculated as:
Matthew's share of net income = 30% x $138,000 = $41,400
In addition to the share of net income, Matthew also needs to adjust for the amortization associated with the acquisition, which is $15,000 per year. Therefore, the equity method income for 2021 is:
Equity method income = Matthew's share of net income - amortization expense
= $41,400 - $15,000
= $26,400
Therefore, Matthew, Inc. would recognize equity method income of $26,400 in 2021.
b. The equity method balance in the Investment in Lindman account at the end of 2021 is calculated as follows:
Beginning balance in Investment in Lindman account = $422,000
Add: Equity method income for 2021 = $26,400
Less: Dividends received in 2021 = $46,000
Add: Share of Lindman's net income not recognized in 2021 = 70% x ($138,000 - $41,400) = $67,760
Add: Additional inventory purchases made in 2021 and not consumed until 2022 = 60% x ($65,000 - $42,900) = $7,860
The total equity method balance in the Investment in Lindman account at the end of 2021 is:
Investment in Lindman balance = $422,000 + $26,400 - $46,000 + $67,760 + $7,860
= $478,020
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Mcafee and brynjolfsson say that _____ is one of the earliest examples of fully-automated decision making.
Answers
Answer:
credit scores
Explanation:
McAfee and brynjolfsson say that credit scores are one of the earliest examples of fully-automated decision-making.
What is credit score?A credit score, which ranges from 300 to 850, represents a person's creditworthiness. A person's credit score is based on their total amount owed, length of credit history, types of loans, and history of loan repayment.
Despite the fact that ranges vary depending on the credit scoring methodology, credit scores between 580 and 669 are typically regarded as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and higher than extraordinary.
Person's credit score indicates how likely you are to make loan payments on schedule. A scoring system uses information from the credit report to produce the credit score.
Thus, it is a credit score.
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