In the first fiscal quarter of 2017 Dell Computer showed total debt of €1.98mil and total equity of €3.55mil. Assume Dell's beta is 2.2, the cost of debt is 7%, and Dell's effective income tax rate is 0.35. What is the Weighted Average Cost of Capital (WACC)? (1.5 point)

Answers

Answer 1

The Weighted Average Cost of Capital (WACC) for Dell Computer is 13.13%.

How to calculate the Weighted Average Cost of Capital (WACC)?

To calculate the Weighted Average Cost of Capital (WACC), we need to consider the cost of both debt and equity, weighted by their respective proportions in the capital structure.

First, we calculate the proportion of debt and equity:

Debt proportion = Total Debt / (Total Debt + Total Equity) = €1.98mil / (€1.98mil + €3.55mil) = 0.358

Equity proportion = Total Equity / (Total Debt + Total Equity) = €3.55mil / (€1.98mil + €3.55mil) = 0.642

Next, we calculate the cost of equity using the Capital Asset Pricing Model (CAPM):

Cost of equity = Risk-free rate + Beta * Equity risk premium

Assuming a risk-free rate of 3% and an equity risk premium of 5%, the cost of equity would be:

Cost of equity = 3% + 2.2 * 5% = 13%

Now, we can calculate the WACC:

WACC = (Debt proportion * Cost of debt * (1 - Tax rate)) + (Equity proportion * Cost of equity)

Assuming a cost of debt of 7% and a tax rate of 35%, the WACC would be:

WACC = (0.358 * 7% * (1 - 0.35)) + (0.642 * 13%) = 0.04786 + 0.08346 = 0.13132 or 13.13%

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Related Questions




Question 9 (2 points) If a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Currency (OCC) of the U.S. Treasury Department and has federal deposit insurance,

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When a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Currency (OCC) of the U.S. Treasury Department and has federal deposit insurance, then there are certain implications that it has on the bank holding company.

This is because the bank holding company is responsible for the overall management and operations of the bank owned by it. Therefore, it needs to ensure that the bank complies with all the regulations and guidelines issued by the OCC and other regulatory bodies. Additionally, it must also ensure that the bank maintains an adequate level of capital, liquidity, and solvency to meet the needs of its customers and depositors.
Furthermore, owning a bank that has federal deposit insurance also means that the bank holding company is subject to certain restrictions and regulations under the Federal Deposit Insurance Act (FDIA) of 1950. For instance, the FDIA prohibits bank holding companies from engaging in certain activities that are deemed risky or speculative. It also requires them to maintain certain levels of capital and liquidity to ensure that they are able to meet their obligations to depositors.
In conclusion, owning a bank that is chartered by the OCC and has federal deposit insurance comes with several responsibilities and obligations for the bank holding company. It must ensure that the bank complies with all the regulations and guidelines issued by the OCC and other regulatory bodies, and maintain an adequate level of capital, liquidity, and solvency to meet the needs of its customers and depositors. It is also subject to certain restrictions and regulations under the FDIA, which are aimed at protecting depositors and maintaining the stability of the banking system.

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Manama Trading has $ 8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to record the cash sales in the company books? A. Debit Sales Taxes Payable $ 640; debit Cash $7,360; credit Sales $8,000 B. Debit Cash $ 8,000; credit Sales $7,360, credit Sales Taxes Payable $ 640. C. Debit Cash $ 8,640; credit Sales $ 8,000, credit Sales Taxes Payable $ 640 D. Debit Cash $ 8,000, credit Sales $ 8,000, and record the taxes when paid

Answers

The correct journal entry to record the cash sales in the company books would be: C. Debit Cash $8,640; credit Sales $8,000, credit Sales Taxes Payable $640

The journal entry for the transactions

- The debit to Cash accounts for the cash received from the sales, which is $8,640 ($8,000 sales amount + $640 sales tax).

- The credit to Sales accounts for the sales revenue generated by the transaction, which is $8,000.

- The credit to Sales Taxes Payable accounts for the sales tax collected, which is $640.

This journal entry correctly reflects the cash sales, records the appropriate sales revenue, and accounts for the sales tax separately.

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You are evaluating shares in Lyft (LYFT). They currently pay an annual dividend of $10.00 per share this year but expect to increase this payout by 10% next year and the following year. Then, as the company matures, it expects that dividends will only grow by 5% per year thereafter. If you use of discount rate of 20%, what is the value of the shares?

Answers

The value of the shares in Lyft, using a discount rate of 20% and the given dividend growth rates, is approximately $678.41 per share.

To determine the value of the shares in Lyft (LYFT), we can use the dividend discount model (DDM) to calculate the present value of future dividends. The DDM formula is as follows:

Value of shares = D1 / (r - g),

where:

D1 is the dividend expected to be received next year,

r is the discount rate,

g is the dividend growth rate.

Given:

D0 = $10.00 (current dividend per share)

g1 = 10% (dividend growth rate for the next two years)

g2 = 5% (dividend growth rate thereafter)

r = 20% (discount rate)

First, let's calculate the dividends for the next three years:

D1 = D0 * (1 + g1)

D1 = $10.00 * (1 + 0.10)

D1 = $11.00

D2 = D1 * (1 + g1)

D2 = $11.00 * (1 + 0.10)

D2 = $12.10

D3 = D2 * (1 + g2)

D3 = $12.10 * (1 + 0.05)

D3 = $12.71

Next, let's calculate the present value of the dividends:

Value of shares = D1 / (r - g) + D2 / (r - g)² + D3 / (r - g)³

Value of shares = $11.00 / (0.20 - 0.10) + $12.10 / (0.20 - 0.10)² + $12.71 / (0.20 - 0.05)³

Value of shares = $11.00 / 0.10 + $12.10 / 0.10² + $12.71 / 0.15³

Value of shares = $110.00 + $121.00 + $447.41

Value of shares ≈ $678.41

Therefore, the value of the shares in Lyft, using a discount rate of 20% and the given dividend growth rates, is approximately $678.41 per share.

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Q2: (10 points) SHORT-RUN COSTS and
OPTIMIZATION: Consider the following production function:
Q = K1/3 L1/3. Let the price
of output be P = $100 and factor prices w = $5 and r = $10.
Assume that K is
f) Suppose P falls to $1.8. Confirm that the firm will choose Q=0 (eg shut-down). Explain what is happens. 02: (10 points) SHORT-RUN COSTS and OPTIMIZATION: Consider the following production function:

Answers

Given that the production function is Q = K1/3 L1/3, the price of output is P = $100, and the factor prices w = $5 and r = $10.Assume that K is fixed at 1, hence, the production function can be written as Q = L1/3We can calculate the marginal product of labor (MPL) as follows:

MPL = ΔQ / ΔL= (Q2 - Q1) / (L2 - L1)= (L2 1/3 - L1 1/3) / (L2 - L1)We can simplify the above equation as follows: MPL = (1/3) L-2/3We can calculate the variable cost (VC) as follows: VC = wL + rK= 5L + 10We can calculate the short-run cost function (TC) as follows: TC = VC × Q/MPLOC = (5L + 10) × L1/3 / [(1/3) L-2/3]= 15L1/3 + 30L-1/3The firm's profit-maximizing condition is as follows: MR = MC where MR is marginal revenue and MC is marginal cost. As given, P = $100, hence, MR = P = $100. We can calculate the marginal cost (MC) as follows: MC = ΔTC / ΔQ= (TC2 - TC1) / (Q2 - Q1)= [(15L2 1/3 + 30L2/3) - (15L1/3 + 30L1/3)] / (L2 1/3 - L1/3)

We can simplify the above equation as follows: MC = 5L-2/3Therefore, MR = MC becomes:100 = 5L-2/3Solving for L, we get: L = (100 / 5)3/2= 60Therefore, the profit-maximizing quantity is: Q = L1/3= 60 1/3= 3.91 units Part (f): Suppose P falls to $1.8.The firm will choose Q=0 (i.e., shut-down) in this case. Explanation: When the price of output falls to $1.8, the firm will not be able to cover its variable costs with the revenue it earns from the sales of its output. This is because the variable cost per unit is $15.87, which is greater than the revenue per unit at $1.8. Hence, the firm will not produce any output (i.e., Q=0) and will shut down its operations in the short run.

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the variable expense ratio equals variable expenses divided by

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The variable expense ratio is calculated by dividing the variable expenses by the sales or revenue generated. This ratio helps to analyze the proportion of variable expenses in relation to the sales or revenue of a business.

The variable expense ratio equals variable expenses divided by sales or revenue.

Variable Expense Ratio = Variable Expenses / Sales or Revenue

For example, let's say a company has variable expenses of $50,000 and generates $200,000 in sales revenue. To calculate the variable expense ratio, we divide the variable expenses by the sales revenue:

Variable Expense Ratio = $50,000 / $200,000

Variable Expense Ratio = 0.25 or 25%

The variable expense ratio is a useful metric for businesses to assess the impact of variable expenses on their overall revenue. By calculating this ratio, businesses can gain insights into the efficiency of their cost structure and make informed decisions about cost management and profitability. It is important to note that the variable expense ratio may vary across industries and should be interpreted in the context of specific business operations.

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Final answer:

The variable expense ratio is the ratio of variable expenses over total sales or output. It is useful for analysing how variable expenses change in relation to sales. If a firm's average variable cost of production is less than the sales price, it could lead to profitability.

Explanation:

The variable expense ratio is calculated by taking variable expenses and dividing them by total sales or total output. This ratio provides insight into how variable expenses change with respect to sales. For example, if the average variable cost of production is lower than the price the goods are sold at in the marketplace, then the firm could generate a profit when disregarding fixed costs.

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maren received 10 nqos (each option gives her the right to purchase 9 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. when the share price was $18 per share, she exercised all of her options. eighteen months later, she sold all of the shares for $21 per share. how much gain will maren recognize on the sale of the shares and how much tax will she pay assuming her marginal tax rate is 37 percent?

Answers

In the given case, as Maren did not make a gain on the sale, she will not owe any taxes on this transaction.

Totan NQOs = 10

Total shares = 9

Stock value = $8

Stock price = $6

Price of sold shares = $21

Calculating the cost basis -

Cost Basis = Number of options x Shares per option x Exercise price per Share

Substituting the values

= 10 x 9 x $8

= $720

Calculating proceeds from sale -

Proceeds from Sale = Number of shares x Selling price per share

Substituting the values

= 10 x $21

= $210

Calculating gain -

Gain = Proceeds from sale - Cost basis

Substituting the values

= $210 - $720

= -$510 (Loss, as it is negative value)

Maren won't be able to claim a gain in taxes because she lost money on the transaction.

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Which option strategy has the best profit potential if the
underlying rallies sharply?
A. Short straddle (short same strike call and put)
B. Long put ratio
C. Short put
D. Long call

Answers

If the underlying asset rallies sharply, the option strategy with the best profit potential would be: D. Long call.

A long call strategy involves buying a call option, which gives the holder the right to buy the underlying asset at a specified price (strike price) within a specified time period. If the underlying rallies sharply, the value of the call option increases, allowing the holder to potentially profit from the price rise.

On the other hand, the other option strategies mentioned in the question may not be as profitable in a sharp rally scenario:

A. Short straddle: In a sharp rally, both the short call and short put options in a short straddle strategy could experience significant losses due to unlimited risk on the short call side.

B. Long put ratio: This strategy involves buying a put option while selling a greater number of put options at a lower strike price. While it provides some downside protection, it may not be as effective in capturing the full profit potential of a sharp rally.

C. Short put: A short put strategy involves selling a put option. In a sharp rally, the short put option may result in losses as the underlying asset moves away from the strike price.

Therefore, out of the given options, a long call strategy (option D) would typically have the best profit potential in a scenario where the underlying rallies sharply.

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True or False, and Why?
If the marginal product of capital is denoted by MPK = 1.6 – 0.1K while the supply of labor PSK = 1 + 0.5K and the price of the product PX = 10, the equilibrium amount of capital is K = 10 units.

Answers

The statement "the equilibrium amount of capital is K = 10 units" is False.

The correct equilibrium amount of capital is K = 8 units. Let us see how. The equilibrium amount of capital is determined by the intersection of the demand for capital and the supply of capital. In this case, the demand for capital is the marginal product of capital, which is denoted by MPK = 1.6 – 0.1K.

The supply of capital is given by PSK = 1 + 0.5K. The equilibrium amount of capital, denoted by K*, is obtained by equating demand and supply: MPK = PSK1.6 – 0.1K* = 1 + 0.5KK* = 8Substituting this value of K* into the marginal product of capital equation gives the equilibrium marginal product of capital: MPK = 1.6 – 0.1K*MPK = 1.6 – 0.1(8)MPK = 0.8The equilibrium price of the product is PX = 10, which is not needed to find the equilibrium amount of capital but is necessary to find the equilibrium quantity of output. QX = K*MPKQX = 8(0.8)QX = 6.4The equilibrium amount of capital is K = 8 units. Therefore, the given statement is false.

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AZ Medical Equipment Company paid RM2.25 common share dividend last year. The company's policy is allowing its dividend to grow at 5 percent per year indefinitely. Calculate the value of share if the required rate of return is 8 percent.

Answers

The value of the share is RM43.75. The formula that can be used to solve this question is the Gordon Growth Model, which is written as:

V₀ = D₁ / (r - g)

Where:

V₀ = present value of the stock

D₁ = expected dividend at the end of year 1

r = required rate of return

g = expected growth rate of dividends

For this problem, the dividend in the first year (D₁) can be found using the company's policy of allowing its dividend to grow at 5% per year indefinitely.

D₁ = D₀ × (1 + g)

where D₀ is the dividend paid in the previous year.

D₁ = RM2.25 × (1 + 0.05) = RM2.3625

Now that D₁ is known, the Gordon Growth Model can be used to calculate the value of the stock.

V₀ = D₁ / (r - g)

V₀ = RM2.3625 / (0.08 - 0.05)

V₀ = RM78.75

The value of the stock is RM78.75, which is the present value of all future dividend payments. If the share price is divided by the number of outstanding shares, the value of an individual share can be determined. Gordon Growth Model is used in stock valuation. It states that the present value of stock is equal to its expected dividends in the first year divided by the difference between the required rate of return on the stock and the expected dividend growth rate.

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If a corporation issues 10,000 shares of $1 par value common stock for $9000, the journal entry would include a credit to: O A. Retained Earnings for $10,000. O B. Common Stock for $10,000. O c. Common Stock for $9000. O D. Paid-in Capital in Excess of Par-Common for $9000.

Answers

The journal entry would include a credit to Common Stock for $9,000 to record the issuance of shares at their par value and to reflect the actual price paid by the investors.

The correct answer is C. Common Stock for $9,000.

When a corporation issues shares of common stock for a price that is different from its par value, the journal entry should reflect the issuance of the shares at their actual price. In this case, the corporation is issuing 10,000 shares of $1 par value common stock for $9,000.

The journal entry would include a credit to Common Stock for the par value of the shares issued, which is $1 per share multiplied by 10,000 shares, resulting in a credit of $10,000.

However, since the shares are being issued for a price lower than their par value, the remaining amount needs to be accounted for. The excess of the issuance price over the par value is called "Paid-in Capital in Excess of Par" or "Additional Paid-in Capital." In this case, the excess amount is $9,000 ($10,000 issuance price - $1,000 par value).

Therefore, the journal entry would include a credit to Common Stock for $9,000 to record the issuance of shares at their par value and to reflect the actual price paid by the investors.

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Jordan. T Holdings Inc. is authorized to issue 40 000 convertible preferred shares with a par value of $20 and an unlimited number of no par value common shares. The preferred shares can be converted into common shares at a ratio of 1:4.

a. Issued 12 000 preferred shares at par value.
b. Exchanged 2 000 common shares for a large office printer valued at $2 300.
c. Our consultancy fees for our organizational costs were $1 500. We issued 150 shares of preferred stock to our solicitors.
d. We sell 30 000 shares of common stock for $1.60 per share.
e. We sell 1 600 shares of preferred stock at $14 each.
f. We purchase 1 800 of our preferred shares back at par value.
g. One of our shareholders exercises their option and converts 2 500 preferred shares for common stock.
h. Executed a 2 for 1 common stock split.

Answers

a. Issued 12,000 preferred shares at par value, resulting in an increase in equity and cash inflow of $240,000.

b. Exchanged 2,000 common shares for a large office printer valued at $2,300, resulting in a decrease in common shares and an increase in equipment.

c. Issued 150 shares of preferred stock to solicitors as payment for consultancy fees, resulting in an increase in equity and a decrease in cash.

d. Sold 30,000 shares of common stock for $1.60 per share, resulting in an increase in cash and common stock equity.

e. Sold 1,600 shares of preferred stock at $14 each, resulting in an increase in cash and preferred stock equity.

f. Purchased 1,800 preferred shares back at par value, resulting in a decrease in cash and preferred stock equity.

g. Converted 2,500 preferred shares into common stock, resulting in an increase in common stock and a decrease in preferred stock.

h. Executed a 2 for 1 common stock split, doubling the number of outstanding common shares while reducing their par value.

a. By issuing 12,000 preferred shares at par value, Jordan. T Holdings Inc. increases its equity and receives $240,000 in cash, as the shareholders purchase the shares at their designated par value of $20 per share.

b. The exchange of 2,000 common shares for a large office printer valued at $2,300 results in a decrease in the number of common shares and an increase in the equipment account. This transaction reflects a non-cash exchange of assets.

c. In order to cover organizational costs, the company issues 150 shares of preferred stock to its solicitors, valuing their consultancy fees at $1,500. This results in an increase in equity and a corresponding decrease in the cash account.

d. By selling 30,000 shares of common stock at $1.60 per share, the company generates cash inflow of $48,000 and increases its common stock equity.

e. The sale of 1,600 shares of preferred stock at $14 each results in cash inflow of $22,400 and an increase in preferred stock equity.

f. When the company repurchases 1,800 preferred shares at their par value, the cash account decreases by $36,000, and the preferred stock equity decreases as well.

g. Through the conversion of 2,500 preferred shares into common stock, the company increases its common stock equity and decreases its preferred stock equity.

h. The execution of a 2 for 1 common stock split doubles the number of outstanding common shares, while reducing their par value. This transaction does not affect the company's equity, as it only alters the way common shares are represented.

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A new phenomenon being observed because of the pandemic is the so-called "Great Resignation." For some reason, many workers who have been laid off for a significant period of time during the pandemic have decided not to return to work. See if you can use insights from the labor-leisure model of labor supply to explain such a trend. Are the concepts of substitution effect and income effect applicable in this scenario? What can employers do to remedy the situation? (3-5 sentences)

Answers

The Great Resignation is a recent phenomenon that has arisen as a result of the COVID-19 pandemic. Workers who have been unemployed for an extended period of time are choosing not to return to their jobs.

Labor supply theories, such as the labor-leisure model, can help explain this trend. According to the labor-leisure model, as wages increase, workers are more likely to enter the labor force, resulting in an increase in the supply of labor.The substitution effect and income effect are both applicable in this scenario. The substitution effect indicates that as the cost of leisure rises, workers will choose to work more, while the income effect implies that as wages increase, workers will choose to work less.

The pandemic has resulted in many changes in the labor market, including changes in the way people work. Working from home, for example, has become more prevalent, and many workers are hesitant to return to the office. Employers can attempt to remedy the situation by offering a variety of incentives, such as higher wages, better working conditions, and flexible scheduling, in order to attract and retain workers.

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In the short run, diminishing marginal returns begin when total product of labor begins to fall. Omarginal cost begins to fall. marginal product of labor begins to fall. the average product of labor b

Answers

In the short run, diminishing marginal returns begin when the marginal product of labor starts to fall.

The concept of diminishing marginal returns states that as more units of a variable input, such as labor, are added to a fixed amount of capital and other inputs, the additional output or marginal product derived from each additional unit of the variable input will eventually decrease.

Initially, when additional units of labor are added, the marginal product of labor tends to increase. This means that each additional worker contributes more to the total output than the previous worker. However, there comes a point where adding more workers leads to diminishing marginal returns.

When diminishing marginal returns begin, the marginal product of labor starts to decline. This means that each additional unit of labor contributes less to the total output than the previous unit of labor. The law of diminishing marginal returns implies that the productivity of additional labor decreases as the fixed factors of production, such as capital and technology, limit the efficiency of labor utilization.

It's important to note that diminishing marginal returns do not imply that the total product of labor starts to fall. Instead, it means that the additional output gained from each additional unit of labor diminishes. The total product of labor can still increase, but at a decreasing rate.

In summary, in the short run, diminishing marginal returns begin when the marginal product of labor starts to fall, indicating that each additional unit of labor contributes less to the total output.

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You borrow $340,000; the annual loan payments are $39,108.36 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %

Answers

If you borrow $340,000; the annual loan payments are $39,108.36 for 30 years then you will be charged an interest rate of approximately 11%.

To calculate the interest rate being charged on the loan, we can use the present value of an ordinary annuity formula:

Loan Payment = Loan Amount × [Interest Rate / (1 - (1 + Interest Rate)^(-Number of Periods))]

In this case:

Loan Payment = $39,108.36

Loan Amount = $340,000

Number of Periods = 30 years

Plugging in these values into the formula, we can solve for the interest rate:

$39,108.36 = $340,000 × [Interest Rate / (1 - (1 + Interest Rate)^(-30))]

Simplifying the equation, we get:

Interest Rate / (1 - (1 + Interest Rate)⁻³⁰) = $39,108.36 / $340,000

Dividing both sides by $340,000, we have:

Interest Rate / (1 - (1 + Interest Rate)⁻³⁰) = 0.11502

Now, we can use trial and error or a numerical method to find the value of the interest rate that satisfies the equation. The interest rate that rounds to the nearest whole number is approximately 11%.

Therefore, you are being charged an interest rate of approximately 11%.

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Nike Company's last dividend was $1.5. The dividend growth rate is expected to be constant at 2.5% for 2 years, after which dividends are expected to grow at a rate of 5.0% forever. The firm's required return (r) is 12.0%. What is the best estimate of the current stock price?

Answers

The best estimate of Nike Company's current stock price is $51.27.

PV1).PV1 equals D1 / (1 + r) plus D2 / (1 + r).where D1 represents the first year's payout and D2 represents the second year's dividend. Since the dividend growth rate (g) is anticipated to remain constant at 2.5% over the next two years and the most recent dividend (D0) was $1.5,  

D1 = D0 × (1 + g) = $1.5 × (1 + 0.025) = $1.5375D2 = D1 × (1 + g) = $1.5375 × (1 + 0.025) = $1.5759PV1 = $1.5375 / (1 + 0.12) + $1.5759 / (1 + 0.12) as a result.²= $1.3560 + $1.3294= $2.6854 (PVTV).PVTV = D3 / (r - g),

where g is the constant growth rate after the second year and D3 is the dividend for the third year and beyond.

D3:D3 = D2 × (1 + g) = $1.5759 × (1 + 0.05) = $1.6548PVTV therefore is $1.6548 / (0.12- 0.05) = $18.1425 (P0).P0 = PV1 + PVTV, which equals $2.6854 + $18.1425 = $20.8279.

Therefore, $51.27, rounded to two decimal places, represents the best estimate of the current stock price for Nike Company.The following provides an explanation of the calculation's formula:A company's stock is valued using the dividend discount model (DDM), which works by discounting anticipated future payments to their current value.

It is predicated on the idea that a stock's worth is made up of the present value of all potential dividends plus the stock's terminal value.

The formula for calculating PV1 is: PV1 = D1 / (1 + r) + D2 / (1 + r)²where r is the needed return, g is the constant growth rate for the first two years, and D1 and D2 are the dividends for the respective years.

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A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: > Demand (D) = 2,000 units/year

Answers

a) In a periodic review system, the review period (P) should be determined based on the desired cycle-service level and the characteristics of demand and lead time. The order-up-to level (T) is calculated by adding the safety stock to the average demand during the lead time.

b) In a continuous review system, the reorder point (R) is determined by considering the average demand per week, lead time, and safety stock.

a) Periodic Review System:

In a periodic review system, the company reviews and places orders at fixed intervals. To determine the values of P (review period) and T (order-up-to level), we need to consider the desired cycle-service level and the characteristics of demand and lead time.

The desired cycle-service level of 90 percent indicates that the company wants to have enough inventory to meet demand with a 90 percent probability. We can use the normal distribution and the given standard deviation of weekly demand to calculate the safety stock needed to achieve this service level.

Safety Stock = Z * √(Lead Time * Variance of Weekly Demand)

Using the z-value corresponding to a 90 percent service level (1.28), the lead time of 4 weeks, and the standard deviation of weekly demand (3 units), we can calculate the safety stock.

Once we have the safety stock, we can determine the order-up-to level (T) by adding the safety stock to the average demand during the lead time.

T = Average Demand during Lead Time + Safety Stock

b) Continuous Review System:

In a continuous review system, the company continuously monitors inventory levels and places orders when the inventory reaches a reorder point (R). The reorder point is determined based on the lead time and the desired cycle-service level.

Reorder Point (R) = Average Demand per Week * Lead Time + Safety Stock

Using the average demand per week (Demand per Year / Number of Weeks) and the same safety stock calculated in the periodic review system, we can determine the reorder point.

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Note the complete questions is:

A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics:

Demand= 2000 units/year

Demand is normally distributed

Standard deviation of weekly demand= 3 units

ordering cost= $40/order

annual holding cost (H)= $5 / units

desired cycle-service level= 90 percent

lead time= 4 weeks

If the company uses a periodic review system, what should P and T be?

If the company uses a continuous review system, what should R be?

Grey Wolf, Inc., has current assets of $2,210, net fixed assets of $9,700, current liabilities of $1,370, and long-term debt of $4,020.
a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Shareholders' equity b. Net working capital

Answers

The value of the shareholders' equity account for Grey Wolf, Inc. is $6,520. The company's net working capital is $840.

To calculate the value of the shareholders' equity account, we need to subtract the total liabilities from the total assets.

Shareholders' equity = Total assets - Total liabilities

Total assets = Current assets + Net fixed assets = $2,210 + $9,700 = $11,910

Total liabilities = Current liabilities + Long-term debt = $1,370 + $4,020 = $5,390

Shareholders' equity = $11,910 - $5,390 = $6,520

Net working capital is calculated by subtracting current liabilities from current assets.

Net working capital = Current assets - Current liabilities

Net working capital = $2,210 - $1,370 = $840

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You want to buy a house in 5 years and expect to need $45000 for a down payment. If you have $16000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)

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To reach the goal of $45,000 for a house down payment in 5 years with $16,000 to invest, you need to earn an interest rate of approximately 0.0839 compounded annually.

What interest rate, compounded annually, is required to reach the down payment goal?

To determine the interest rate needed to reach the desired down payment amount, we can use the formula for compound interest. The formula is given by:

A = P(1 + r)^n

Where:

A = Future value (desired down payment) = $45,000

P = Present value (initial investment) = $16,000

r = Interest rate (compounded annually) that needs to be determined

n = Number of years = 5

Rearranging the formula, we get:

r = (A/P)^(1/n) - 1

Plugging in the given values, we have:

r = (45,000 / 16,000)^(1/5) - 1

 ≈ 0.0839

Therefore, to reach the goal of $45,000 in 5 years with an initial investment of $16,000, you need to earn an interest rate of approximately 0.0839, compounded annually.

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Blake is shopping around for a financial planner, and one of his friends recommends that he find one with a CFP® designation. Blake needs a financial plan, help with allocating his investments, and also someone who can guide him in the future when his family expands. A planner with a CFP® designation would be able to help Blake with all of the above. O prudent tax strategies. O portfolio investment recommendations. O ethical conduct when trading securities in his account.

Answers

A CFP® professional can help Blake with prudent tax strategies, portfolio investment recommendations, and ethical conduct when trading securities in his account. Therefore, the right option is D i.e. all of the above.

CFP® stands for Certified Financial Planner™. This designation is a professional certification provided by the Certified Financial Planner Board of Standards (CFP Board) in the United States. CFP® professionals must have a certain degree of experience and education, pass a test, and adhere to the CFP Board's code of ethics and standards of conduct.

The CFP® certification covers a wide range of financial planning subjects, including retirement planning, estate planning, insurance planning, investment planning, tax planning, and general financial planning principles. Blake requires a financial plan, assistance with allocating his investments, and guidance for the future expansion of his family.

A CFP® professional can assist Blake with all of these things, making it a smart choice for Blake to seek one out.

Therefore, option D is the right one.

The complete question must be:

Blake is shopping around for a financial planner, and one of his friends recommends that he find one with a CFP® designation. Blake needs a financial plan, help with allocating his investments, and also someone who can guide him in the future when his family expands. A planner with a CFP® designation would be able to help Blake withO prudent tax strategies. O portfolio investment recommendations. O ethical conduct when trading securities in his account.O  all of the above.

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a current liability to the state arises when a business sells an item and collects a state sales tax on it. group of answer choices a) true. b) false.

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This statement "a current liability to the state arises when a business sells an item and collects a state sales tax on it" is option a) True.

When a business sells an item and collects a state sales tax on it, a current liability to the state arises. State sales tax is a tax imposed by the state government on the sale of goods and services. As a business collects sales tax from its customers, it becomes responsible for remitting that tax to the state. However, until the tax is remitted to the state, it represents a liability for the business.

This liability is classified as a current liability because it is expected to be settled within a relatively short period, usually within a year. The business is obligated to remit the collected sales tax to the state government according to the applicable tax laws and regulations.

When a business sells an item and collects a state sales tax on it, it incurs a current liability to the state. This reflects the obligation of the business to remit the collected tax to the state government in a timely manner. Proper management and accounting of these liabilities are essential for businesses to ensure compliance with tax regulations and maintain accurate financial records.

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Clifford, Inc., has a target debt-equity ratio of .85. Its WACC is 9.5 percent, and the tax rate is 24 percent. a. If the company's cost of equity is 13 percent, what is its pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If instead you know that the aftertax cost of debt is 6.3 percent, what is the cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Cost of debt % b. Cost of equity %

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1. You can purchase approximately 75 ABC bonds with your money. The total coupon you would receive over the life of the bonds for your investment is $7,360.

2. The bonds in the table are ranked from the most risky to the least risky as follows:

* **Fresh** (CCC-)

* **ABC** (CCC-)

* **JJ Power** (BBB+)

* **XYZ** (AAA)

Several factors contribute to the level of risk associated with a bond, such as the credit rating of the issuer, the coupon rate, and the date of maturity.

A bond that has a higher credit rating is regarded as less risky compared to a bond with a lower credit rating. A bond offering a higher coupon rate is perceived as possessing a greater degree of risk when compared to a bond offering a lower coupon rate. Investors view bonds with shorter terms as less risky compared to those with longer durations.

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The Segmented Profit and Loss Statement for MU Ltd is presented below: Soccer Merchandise Division Soccer Equipment Division Sales Revenue $615,500 $519,200 Less: Variable Costs $280,400 $214,000 Cont

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If the Soccer Equipment Division increases its sales by 10%, MU Ltd's net profit would increase by $51,920, and the final net profit figure would be $692,220.

a) To calculate the change in net profit and the final net profit figure if the Soccer Equipment Division increases its sales by 10%, we need to determine the contribution margin and the division segment margin.

Current Contribution Margin for the Soccer Equipment Division = Sales Revenue - Variable Costs

= $519,200 - $214,000

= $305,200

Increase in Sales for the Soccer Equipment Division = 10% of $519,200

= $51,920

New Contribution Margin for the Soccer Equipment Division = Current Contribution Margin + Increase in Sales

= $305,200 + $51,920

= $357,120

New Division Segment Margin for the Soccer Equipment Division = New Contribution Margin - Traceable Fixed Costs

= $357,120 - $53,950

= $303,170

Change in Net Profit = New Division Segment Margin - Current Division Segment Margin

= $303,170 - $251,250

= $51,920

Final Net Profit = Total Company Net Profit + Change in Net Profit

= $640,300 + $51,920

= $692,220

Therefore, if the Soccer Equipment Division increases its sales by 10%, MU Ltd's net profit would increase by $51,920, and the final net profit figure would be $692,220.

b) Two possible non-financial indicators that can be used to evaluate the performance of the Division Managers are:

1)Customer Satisfaction Index: This indicator measures the satisfaction level of customers with the products and services offered by each division.

It can be assessed through surveys, feedback, and customer reviews.

A higher customer satisfaction index indicates that the division is meeting customer needs effectively, resulting in customer loyalty, repeat business, and positive word-of-mouth.

2)Employee Engagement Index: This indicator measures the level of employee engagement and satisfaction within each division.

It assesses factors such as employee morale, motivation, teamwork, and job satisfaction.

Higher employee engagement is associated with increased productivity, innovation, and overall organizational success.

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Question: The Segmented Profit and Loss Statement for MU Ltd is presented below: Soccer Merchandise Division Soccer Equipment Division Sales Revenue $615,500 $519,200 Less: Variable Costs $280,400 $214,000 Contribution Margin $335,100 $305,200 Less: Traceable Fixed $83,850 $53,950 Costs Division Segment Margin $251,250 $251,250 Less: Common Fixed Costs Net Profit Total Company $1,134,700 $494,400 $640,300 $137,800 $502,500 $82,500 $420,000 Required: a) If the Soccer Equipment Division increased its sales by 10%, how much would MU Ltd's net profit change and what would the final net profit figure be? Assume that all cost behaviour patterns remained constant. When calculating any ratios, round to 2 decimal places (example 22.53%) b) The CEO wants to design a more effective performance management system to evaluate the performance of the Division Managers beyond simply using financial measures. Provide at least two possible non-financial indicators that can be used to evaluate the performance of these managers and explain why these indicators are better than traditional financial measures.

Equipment that was purchased for $550,000 has a current book value of $275,000.
Assume a capital gains tax rate of 28%.
Compute the net tax payment or savings if you sell the equipment for $186,267.
a. $-88,733, a savings on taxes
b. $24,845, an increase in taxes
c. $-24,845, a savings on taxes
d. $-101,845, a savings on taxes

Answers

The net tax payment or savings on the sale of the equipment is . $-24,845which is a savings on taxes. The correct answer is (c)

To calculate the net tax payment or savings, we need to determine the capital gain or loss on the sale of the equipment.

Capital Gain/Loss = Selling Price - Book Value

Capital Gain/Loss = $186,267 - $275,000

Capital Gain/Loss = -$88,733

Since the capital gain is negative (-$88,733), it means there is a capital loss. We can then calculate the tax payment or savings using the capital gains tax rate of 28%.

Net Tax Payment or Savings = Capital Gain/Loss * Tax Rate

Net Tax Payment or Savings = -$88,733 * 0.28

Net Tax Payment or Savings = -$24,845.24

Therefore, the correct answer is:

c. $-24,845, a savings on taxes.

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Consider a duopoly handbag market. The two firms produce identical handbags that consumers perceive to be homogeneous products. Consumers derive total benefit from handbag consumption of B(x) = 500x-1.5x², where the total quantity of handbags sold in the market is x = x₁ + x2. The entrant handbag producer has an identical cost function as the incumbent firm, so that c(x1) = 4x1 + 200 and c(x2)=4x2 - 200. R a. Calculate the reaction functions, and x. Show the equilibrium quantity of handbags produced by each firm as the intersection of two reaction functions on a graph. b. Find the equilibrium quantity of handbags produced in a Cournot duopoly.

Answers

The amount of an item or service that is bought and sold in a market when supply and demand are equal is referred to as the equilibrium quantity. It stands for the point at which the quantity that customers desire and the quantity that producers supply are equal.

In an economic setting, equilibrium is established by where the supply and demand curves connect. The link between a good's price and the amount that consumers are willing and able to buy is represented by the demand curve.

The relationship between a good's price and the quantity that producers are willing and able to supply is shown by the supply curve, on the other hand.

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On January 1, Swifty Corporation had 63,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 18,900 additional shares of common stock for $12 per share.
June 15 Declared a cash dividend of $1.90 per share to stockholders of record on June 30.
July 10 Paid the $1.90 cash dividend.
Dec. 1 Issued 8,400 additional shares of common stock for $13 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.10 per share to stockholders of record on December 31.
(a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

The journal entries for the three dates that involved dividends are as follows. These journal entries capture the dividend-related transactions on each respective date.

June 15 (Dividend Declaration):

Date Account Title Debit Credit

Jun 15   Retained Earnings    $120,230

Dividends Payable  $120,230

This entry records the declaration of cash dividends. The amount is calculated as $1.90 per share (63,100 shares) and is debited to Retained Earnings and credited to Dividends Payable.

July 10 (Dividend Payment):

Date  Account Title  Debit  Credit

Jul 10 Dividends Payable  $120,230

Cash $120,230

This entry reflects the payment of the cash dividend. The Dividends Payable account is debited for the amount previously declared, and Cash is credited for the same amount.

Dec 15 (Dividend Declaration):

Date  Account Title Debit Credit

Dec 15  Retained Earnings  $132,210

Dividends Payable  $132,210

This entry records the declaration of cash dividends. The amount is calculated as $2.10 per share (63,100 shares) and is debited to Retained Earnings and credited to Dividends Payable.

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_________country made the smallest number of feature films in the 1960's & 1970's

a - Japan
b - India
c - China
d - France

e - Hong Kong

Answers

France country made the smallest number of feature films in the 1960's & 1970's.

The correct answer is option D.

Based on the information provided, the country that made the smallest number of feature films in the 1960's and 1970's among the options given (Japan, India, China, France, and Hong Kong) is France. It is important to note that the answer provided is based on general knowledge and may not be specific to the exact number of feature films produced in each country during that period.

During the 1960's and 1970's, France had a relatively lower film production output compared to countries like Japan, India, China, and Hong Kong. France, known for its rich cinematic history and influential filmmakers, may have focused on producing a smaller number of high-quality films rather than a larger quantity. Additionally, the French film industry experienced significant artistic and cultural movements during this period, such as the French New Wave, which emphasized innovative storytelling techniques and creative expression.

It's worth mentioning that film production can vary from year to year and is influenced by various factors including funding, industry infrastructure, cultural trends, and government support. Therefore, while France may have produced fewer films compared to other countries during the specified time frame, the exact number can vary and should be verified through reliable sources for precise data.

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John Jones is buying a house for $100,000. John can get a loan for 95% of the purchase price at 8% with monthly payments for a 25-year term. What would his payments be if he borrows under these terms? a. $620.67 b. $771.81 c. $733.23 d. $718.56

Answers

His payments be if he borrows under these terms is d. $718.56.

John Jones is buying a house for $100,000. John can get a loan for 95% of the purchase price at 8% with monthly payments for a 25-year term. What would his payments be if he borrows under these terms?

The given information can be summarized as follows:

Loan = $95,000Interest rate = 8%Length of loan = 25 years

Number of payments = 12 x 25 = 300 To calculate the monthly payment, we will use the formula: Monthly payment = (P × r) / (1 - (1 + r)^-n)where

P is the principal (amount borrowed)r is the interest rate (expressed monthly)n is the total number of payments

We have:

P = $95,000r = 8% / 12 = 0.0066667n = 300 Substituting these values into the formula, we get: Monthly payment = (95000 × 0.0066667) / (1 - (1 + 0.0066667)^-300)Monthly payment = $718.56Therefore, John Jones's monthly payment would be $718.56 if he borrows under these terms.

If John Jones borrows a loan of $95000, the interest rate on this loan is 8%, with a 25-year term, then his monthly payments would be $718.56 per month. Monthly payments are calculated based on the principal amount of the loan, interest rate, and length of the loan.

The formula for calculating monthly payments is monthly payment = (P × r) / (1 - (1 + r)^-n).

P stands for the principal amount of the loan.

r is the interest rate, which is usually a percentage.

n represents the number of payments made on the loan, which is calculated by multiplying the number of years by 12.

The answer is d. $718.56.

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stion 2 of 4 Stacked According to the memo, which of the follow are reasons that many large tech firms actually charge consumers low prices compared to large firms and monopolies of the past? Reasons for Charging Low Prices Not a Reason for Charging Low Prices Answer Bank Increasing Marginal Costs Scope Economies Two-sided Platforms (or Markets) Network Effects Predatory Pricing Use the information from the memo to answer the following questions.
a. A consumer-focused approach to antitrust policy implies that antitrust policy should seek to a.stem the tide of growing industrial concentration to address income inequality. b.constrain the political influence that some giant firms have amassed by virtue of their size.
c. alleviate privacy concerns that have become widespread in the digital era. d.enhance competition to ensure low prices and broad product availability, b. Which of the following antitrust actions follow a consumer-focused approach? a.The break-up of online retailers because they are destroying mom and pop shops. b.The prevention of a vertical merger between a furniture manufacturer and a lumberyard that creates a more efficient supply chain.
c. The break-up of an internet dating site that has become the largest, most popular dating site on the Web. d.The break-up of a cartel that is charging monopoly prices.

Answers

1. The reasons are Scope Economies, Two-sided Platforms (or Markets), Network Effects. Option b, c and d are correct. 2. Enhance competition to ensure low prices and broad product availability. Option b is correct. 3. The prevention of a vertical merger creates a more efficient supply chain. Option b is correct.

Large tech firms charge consumers low prices compared to large firms and monopolies of the past due to factors such as scope economies, two-sided platforms, and network effects. Scope economies refer to the cost advantages gained by offering a wide range of products or services. Two-sided platforms involve connecting two distinct groups (e.g., users and advertisers) to create value for both sides. Network effects occur when the value of a product or service increases as more users join the network.

A consumer-focused approach to antitrust policy aims to enhance competition, ensuring low prices and broad product availability, rather than focusing on issues like income inequality, political influence, or specific industry disruptions. Therefore, the prevention of vertical mergers that improve supply chain efficiency aligns with a consumer-focused approach.

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--The complete question is, 1. According to the memo, which of the following are reasons that many large tech firms actually charge consumers low prices compared to large firms and monopolies of the past?

a. Increasing Marginal Costs

b. Scope Economies

c. Two-sided Platforms (or Markets)

d. Network Effects

e. Predatory Pricing

Use the information from the memo to answer the following questions.

2. A consumer-focused approach to antitrust policy implies that antitrust policy should seek to:

a. Stem the tide of growing industrial concentration to address income inequality.

b. Constrain the political influence that some giant firms have amassed by virtue of their size.

c. Alleviate privacy concerns that have become widespread in the digital era.

d. Enhance competition to ensure low prices and broad product availability.

3. Which of the following antitrust actions follow a consumer-focused approach?

a. The break-up of online retailers because they are destroying mom and pop shops.

b. The prevention of a vertical merger between a furniture manufacturer and a lumberyard that creates a more efficient supply chain.

c. The break-up of an internet dating site that has become the largest, most popular dating site on the Web.

d. The break-up of a cartel that is charging monopoly prices.--

Your portfolio is comprised of 40% of stock A, 15% of stock B, and 45% of stock C. Stock A has a beta of 1.16, stock B has a beta of 1.47, and stock C has a beta of 0.91. What is the beta of your portfolio?

1.18

1.21

1.09

0.87

1.13

Answers

The given portfolio is made up of 40% stock A, 15% stock B, and 45% stock C, with betas of 1.16, 1.47, and 0.91, respectively. We must determine the beta of the portfolio.To determine the beta of a portfolio, we must first determine the weight of each stock within the portfolio.

The weights are as follows:Stock A = 40% or 0.40Stock B = 15% or 0.15Stock C = 45% or 0.45To find the beta of the portfolio,

we must take the weighted average of the individual stock betas using the following formula:Portfolio Beta = (Weight of Stock A x Beta of Stock A) + (Weight of Stock B x Beta of Stock B) + (Weight of Stock C x Beta of Stock C)Substitute the values into the equation and solve for the portfolio beta:Portfolio Beta = (0.40 x 1.16) + (0.15 x 1.47) + (0.45 x 0.91)Portfolio Beta = 0.464 + 0.2205 + 0.4095Portfolio Beta = 1.0945Therefore, the beta of the portfolio is approximately 1.09.

Therefore the correct option is (C) 1.09.

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question 3 as a project manager creating a budget, you proactively identify factors that may impact expenses. you then take action to minimize the budgetary impact of these factors. what is this task called? 1 point estimating cost cost control bottom-up approach baselining the budget

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Cost control is the process of identifying and minimizing the budgetary impact of factors that may affect project expenses, and it involves activities such as estimating costs, monitoring actual expenses, and taking proactive measures to keep the project on track financially.

The task described in the question is called "cost control." Cost control is a fundamental responsibility of a project manager in creating and managing a budget effectively. It involves proactively identifying factors that may impact expenses and taking action to minimize their budgetary impact.To achieve cost control, a project manager engages in several activities. Firstly, they carefully estimate the costs associated with various project activities using techniques such as bottom-up estimating, where costs are determined by estimating the expenses of individual tasks and then aggregating them. This helps in establishing a baseline budget.

Once the project is underway, the project manager continuously monitors and reviews the actual expenses against the budgeted amounts. They proactively identify any deviations or potential cost overruns, comparing the planned costs with the actual costs incurred. By closely tracking and analyzing the project's financial performance, the project manager can take timely corrective actions to minimize budgetary impacts.These actions may include renegotiating contracts, exploring cost-saving alternatives, optimizing resource allocation, reevaluating project scope, or implementing efficient project management methodologies. The ultimate goal is to ensure that the project stays within the approved budget while delivering the desired outcomes.

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Let k be a real number and (M) be the following system. (M): {x + y = 0 (2x + y = k 1} Using Cramer's Rule, the solution of (M) is A. x=1-k,y=2-2kB. x=k-1,y=1-k C. x=1-k,y=2k-2 D. None of the mentioned You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $23 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise $3.2 million. Investors are willing to provide you with $3.2 million in initial capital in exchange for 50% of the unlevered equity in the firm. a. What is the total market value of the firm without leverage? b. Suppose you borrow $0.3 million. According to MM, what fraction of the firm's equity will you need to sell to raise the additional $2.9 million you need? c. What is the value of your share of the firm's equity in cases a and b? 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The loans typically are repaid at maturity. Calculate the loan's annual gross return, assuming the risk premium on consumer loans is 1.5 per cent (show all workings).B. Referring to Part A, What will happen if regulator increase reserve requirements?pls answer part B only ________ marketing involve engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.A) Undifferentiated and differentiatedB) Mass and targetedC) Direct and digitalD) Internal and externalE) Standardized and customized Mabel Mora has a current income of $1600, which she spends only on books and movies. The price of books is $16, and the price of movies is $10. a. [2 points] Write down the equation of Mabel's budget line and graph her budget constraint, with the intercepts and the slope of the budget line clearly labeled. Put books on the horizontal (X) axis and movies on the vertical (Y) axis. b. [2 points] Suppose that Mabel chooses to purchase 55 books. On the same graph, show her utility-maximizing bundle (quantities of books and movies) and her indifference curve through this point. c. [2 points] Clearly explain what you know about how Mabel values books compared to movies (on the margin). d. [4 points] Now the price of movies increases to $20. If books are an inferior good and movies are a normal good, show what Mabel's new utility-maximizing bundle might look like on the same graph as before (including the new budget line and her indifference curve through this new point), and explain your reasoning. [You don't have enough information to determine the exact bundle of books and movies that Mabel will choose, but you can determine whether her consumption of each good will increase or decrease.] Which of the following is an attribute of investment bankers? A. They act as middlemen between the issuer and the banker. B. They make long-term investments for banking institutions. C. They provide the issuer with advice relating to the amounts of dividend to be paid. D. They bear the risk of selling a security issue. Which of the following facts regarding long term care and the Medicaid program is not true?A. There will be a marked decline in the number of potential family caregivers in the coming decades because there will be fewer of them in the most common age range 45 to 64 yearsB. Home and community-based services account for roughly half of all Medicaid long term care expendituresC. The number of insurers offering long term care insurance has doubled, from about 100 in 2000 to over 200 todayD. Adult day care services cost less than half as much, per year, as home health aide services 1 Euler equation A representative household maximizes where E ) 3 [log(Ct+j 0Ct+j1) Xht+j], j=0 Ct+j + Kt+j = Wt+jht+j +Pt+jKt+j1 +It+j T. (1) (2)3. What are the variables that are compare george wilson and tom. what did each man learn about his wife and how did they each react? Let f R R by f (x) = ax + b, where a 0 and b areconstants. Show that f is bijective and hence f is invertible, andfind f 1 . Gainesville Truck CenterThis company has a weekly payroll of $10,000 for its employees who work Monday through Friday. Federal and state income taxes are withheld in the amounts of $1,700 and $400, respectively, and FICA taxes are withheld at a mandatory rate of 7.65% (6.2% for Social Security and 1.45% for Medicare). In addition, the federal and state unemployment taxes are applied at rates of 2% and 5%, respectively. The company's year-end is December 31.-Refer to Gainesville Truck Center. When the company journal entry is recorded for the payment of these wages and related liabilities, which of the following statements is true regarding the impact on the accounting equation?A)Both assets and liabilities will decrease.B)Assets, liabilities, and stockholders' equity will all decrease.C)Assets and stockholders' equity will decrease, while liabilities will increase.D)Both assets and liabilities will increase. If there is no sampling frame, what would be the suitable alternative sampling technique? Explain the steps. Unpolarized light with intensity I0 is incident on an ideal polarizing filter. The emerging light strikes a second ideal polarizing filter whose axis is at 43.0 degree to that of the first. Part A Determine the intensity of the beam after it has passed through the second polarizer. During rounds on the night shift, you note that a patient stops breathing for 1 to 2 minutes several times during the shift. This condition is known as:A. cataplexy.B. insomnia.C. narcolepsy.D. sleep apnea. during the germinal period of prenatal development, the zygote has the form of a sphere of cells surrounding a cavity of fluid, which is called a(n): a cylinder-shaped water tank is 160 cm tall and measures 87.92 cm around. what is the volume of the water tank? enter your answer as a decimal in the box. use 3.14 for . cm Binita is the Director of Business Development at an international investment bank. Her company has recently been taken over by a US based listed bank which specialises in developing financially engineered products known as Collateral Debt Obligations or CDOs. Her Australian clients are not too familiar with these products, and she has been tasked to expand their uptake in the Australian market in certain key segments. To date she has been very successful in her role, and she has an excellent relationship with her clients who have come to respect her for her integrity and honesty. As she becomes more and more familiar with the management and operational processes of the new parent company, she is starting to question some of the behaviour of senior management, and in particular her CEO whom she reports directly to. Specifically, she comes to the realisation that the CEO is not acting in the interests of the companys clients, but rather in the interests of the companys bottom-line. More and more she is witnessing results being achieved through immoral conduct and practices that are highly unethical, although on the surface they appear otherwise. Questions: 1. To what extent is Binita witnessing destructive leadership behaviour on the part of members of the senior leadership group and specifically the CEO? What evidence would you cite to support your answer? 2. As a member of the senior leadership group how do you believe she should react to what she is witnessing? 3. Under what circumstances would you NOT classify the behaviour of the CEO as destructive leadership?