A late penalty of 10% will apply to new answers. Intro A share of stock trades at $144 and has a P/E ratio of 34. B Attempt 1/10 for 9 pts Part 1 What are earnings per share (EPS)?

It is the cornerstone of a company's strategy and helps businesses remain competitive.

The five essential sections of a comprehensive business plan are explained below. Business Overview The first part of your business plan is the business overview. It's a brief summary of your company, including what it does, its structure, mission, and vision statements, management team, and any significant achievements.

Sales and Marketing The sales and marketing section should explain your go-to-market strategy. You'll need to detail who your target customers are and how you plan to reach them. Furthermore, you'll need to describe your product or service and how it fits into the market. Finally, your sales and marketing plan should also include details on how you plan to price your product.

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The effective annual return is 7.56%.The correct answer is C) 7.04%.

Given: Samir purchased shares of a chartered bank for $75 a share. The shares paid a dividend of $2.50 each year. The dividends were reinvested. After 3 years Samir sold the shares for $92 each.

To find: What was his effective annual return?

Solution:

Dividend paid by the shares = $2.50 per share per annum.

Number of shares purchased = 1

Cost of 1 share = $75

Cost of all shares purchased = 1 × $75

= $75

Initial investment by Samir = $75

After one year:

Samir received a dividend of $2.50 and he reinvested that amount.

Therefore, the number of shares he owned at the end of the first year was:

$2.50 / $75

= 0.033

Shares purchased = 0.033 × 1

= 0.033

Total number of shares = 1.033Cost of 1 share

= $75

Cost of all shares purchased

= 1.033 × $75

= $77.48

After two years:

Samir received a dividend of $2.50 and he reinvested that amount.

Therefore, the number of shares he owned at the end of the second year was:

$2.50 / $75 = 0.033

Shares purchased = 0.033 × 1.033 = 0.034

Total number of shares = 1.067

Cost of 1 share = $75

Cost of all shares purchased = 1.067 × $75

= $80.02

After three years: Samir received a dividend of $2.50 and he reinvested that amount.

Therefore, the number of shares he owned at the end of the third year was:

$2.50 / $75 = 0.033

Shares purchased = 0.033 × 1.067 = 0.036

Total number of shares = 1.103

Cost of 1 share = $75

Cost of all shares purchased = 1.103 × $75

= $82.73

The selling price of the shares = $92 each.

Selling price of 1 share = $92

Number of shares sold = 1

Total selling price = 1 × $92 = $92.00

Therefore, Total capital after 3 years = $92.00

Now, we can calculate the effective annual return using the below formula:

Effective Annual Return = [(Total Capital / Initial Investment) ^ (1 / Number of Years)] - 1

Effective Annual Return = [(92/75)^(1/3)]-1

Effective Annual Return = [1.2266^(1/3)]-1

Effective Annual Return = 1.0756-1

Effective Annual Return = 0.0756

Effective Annual Return = 7.56%

Hence, the effective annual return is 7.56%.The correct option is C) 7.04%.

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EBQ (Economic Batch Quantity) EBQ (Economic Batch Quantity) is defined as the optimum size of batch that is to be ordered to minimize the total costs associated with the purchase, transportation, and storage of inventory. This quantity is usually calculated by the use of mathematical formulas, and is based on the tradeoff between the ordering costs and the carrying costs.

In addition, this quantity is usually determined by the use of statistical techniques such as regression analysis and forecasting methods.

CVP (Cost-Volume-Profit) Analysis is a management accounting tool that is used to analyze the relationship between the fixed costs, variable costs, and the level of sales volume. Some of the key assumptions that underlie this analysis include the assumption that the selling price is constant per unit, the assumption that the variable costs are constant per unit, the assumption that the total fixed costs are constant over the relevant range, and the assumption that the sales mix is constant over the relevant range.

CVP Analysis is widely used in the business world to make various kinds of decisions such as pricing decisions, product mix decisions, and cost control decisions. For example, a company might use CVP Analysis to determine the selling price of its products, or to determine the optimal product mix that will maximize its profits.

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An expansion in the value level will cause a movement up along the aggregate demand curve.

The option (A) is correct.

As per the standard aggregate demand-aggregate supply (AD-AS) model, the total interest bend addresses the connection between the general cost level and the amount of genuine Gross domestic product requested in an economy. The total interest bend has a descending slant, demonstrating a reverse connection between the cost level and the amount of genuine Gross domestic product requested.

At the point when the cost level increments, it lessens the buying force of purchasers and builds the expense of creation for firms. Thus, the amount of genuine Gross domestic product requested diminishes, and there is a development up along the total interest bends to a lower level of result and consumption.

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This question is not complete, Here I am attaching the complete question:

An increase in the price level will cause a ______________ the aggregate demand curve.

(A) movement up along

(B) rightward shift of

(C) leftward shift of

The Matching Concept is defined as the process of matching costs (efforts) with their associated revenues (accomplishments). Option C.

The Matching Concept is a fundamental accounting principle that requires expenses to be recorded when they are incurred and revenues to be recorded when they are earned. This principle seeks to ensure that accounting activities break into separate periods or fiscal years and match the accounting procedures used during one period to the next.

By doing so, the matching principle ensures that accounting entries are matched to reliable sources. Answer (C) Is the process of matching costs (efforts) with their associated revenues (accomplishments).

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The price of the bond is [tex]\$1,003.80[/tex].

[tex]\[\text{{Price}} = \frac{{C}}{{(1 + r)^1}} + \frac{{C}}{{(1 + r)^2}} + \ldots + \frac{{C}}{{(1 + r)^n}} + \frac{{M}}{{(1 + r)^n}}\][/tex]

Where:

[tex]\begin{{align*}}C & = \text{{Coupon payment}} \\r & = \text{{Yield to maturity rate per period}} \\n & = \text{{Number of periods}} \\M & = \text{{Face value or principal payment}}\end{{align*}}[/tex]

In this case, the bond has a $1,000 face value, an [tex]8\%[/tex] coupon rate, semiannual coupons, and two years to maturity. The coupon payment per period is calculated as [tex]$\frac{{8\% \times \$1,000}}{{2}} = \$40$.[/tex]

The yield to maturity rate is given as [tex]5\%[/tex] APR, compounded semiannually. To find the periodic yield rate, we divide it by the number of compounding periods per year:

[tex]\[\text{{Periodic Yield Rate}} = \frac{{5\%}}{{2}} = \frac{{0.05}}{{2}} = 0.025\][/tex]

Using this information, we can calculate the bond's price:

[tex]\[\text{{Price}} = \frac{{\$40}}{{1.025^1}} + \frac{{\$40}}{{1.025^2}} + \frac{{\$1,000}}{{1.025^2}}\][/tex]

Calculating the values:

[tex]\[\text{{Price}} = \$39.02 + \$37.86 + \$926.92 = \$1,003.80\][/tex]

Therefore, the price of the bond is [tex]\$1,003.80[/tex].

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1.1 The given equation is: Dt+1= Dt+1-Dt=Gt -Tt+ t Where,Dt = real government debt at time t,Dt+1 = real government debt at time t+1,Gt = real government expenditure at time t,Tt = real tax revenue at time t,r = real interest rateThe above equation represents the change in the government debt from time t to time t+1. It states that the change in the government debt between time t and time t+1 is equal to the difference between real government expenditure (Gt) and real tax revenue (Tt), plus the interest rate on government debt (r) multiplied by the initial value of the debt at time t.The equation must hold because it represents the government's budget constraint, which implies that the government cannot spend more than its revenue (taxes) and must borrow the difference between its spending and revenue. The equation also implies that the government's debt at time t+1 depends on its debt at time t, its spending, its revenue, and the interest rate it pays on its debt.1.2

The law of motion for the debt-to-GDP ratio is given by the following equation:dt = P(8 - a) + dt+1Where,dt = Debt-to-GDP ratio at time t,dt+1 = Debt-to-GDP ratio at time t+1,Gt = Real government expenditure at time t,Tt = Real tax revenue at time t,P = Primary surplus,G = Real GDP,a = Growth rate of real GDP The primary surplus (P) is the difference between real tax revenue (Tt) and real government expenditure (Gt), excluding interest payments on government debt. The law of motion for the debt-to-GDP ratio states that the debt-to-GDP r atio at time t+1 is equal to the product of the primary surplus (P) and a constant (8-a), plus the debt-to-GDP ratio at time t. The constant (8-a) represents the inverse of the growth rate of real GDP, which is the maximum rate at which the debt-to-GDP ratio can decline without a primary surplus.

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The medical model of addiction portrays addiction as a disease. Addiction is a mental condition that involves altered brain function and compulsive drug-seeking behaviors.

In recent times, research has shown that addiction is a chronic and relapsing disease, which means that it is characterized by a cycle of recovery and relapse. This cycle is similar to the cycle of other chronic diseases such as diabetes, asthma, or hypertension.

According to this model, addiction is a medical issue, which means that it should be treated as a disease that requires professional medical treatment. The medical model views addiction as a complex disorder that involves biological, psychological, and social factors

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The net income for Pisces is $32,700.

In the given question, we need to find out the net income (or loss) for four different corporations.

To find the answer, we first need to find out the amount of increase or decrease in the stockholders' equity during the year.

Increased or decreased stockholders' equity = End of the year total assets – End of the year total liabilities – Beginning of the year total assets + Beginning of the year total liabilities

Aries: As given, no additional common stock was issued and no dividends were paid.

So, increased or decreased stockholders' equity = $120,300 – $50,500 – $75,200 + $30,100

= $24,700

Therefore, the net income for Aries is $24,700.

Gemini: As given, no additional common stock was issued, but dividends of $4,400 were paid.

Increased or decreased stockholders' equity = $120,300 – $50,500 – $75,200 + $30,100= $24,700

So, the net income for Gemini is $24,700 – $4,400

= $20,300.

Leo: As given, additional common stock of $9,200 was issued, but no dividends were paid.

So, increased or decreased stockholders' equity = $120,300 – $50,500 – $75,200 + $30,100

= $24,700 + $9,200

= $33,900

Therefore, the net income for Leo is $33,900.

Pisces: As given, additional common stock of $13,200 was issued, and dividends of $5,200 were paid.

Increased or decreased stockholders' equity = $120,300 – $50,500 – $75,200 + $30,100

= $24,700 + $13,200 – $5,200

= $32,700

Therefore, the net income for Pisces is $32,700.

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Therefore, the net income, profit margin, return on assets, and return on equity for 2022 are $23,500, 42.72%, 7.94%, and 27.33% respectively.

The calculations of net income, profit margin, return on assets, and return on equity for 2022 are as follows:

Calculation of Net Income:

Net income is calculated by subtracting operating expenses, interest expenses, and income tax from gross profit.

Net Income = Gross Profit - Operating Expenses - Interest Expense - Income Tax

Net Income for 2022 = 41,000 - 11,500 - 4,500 - 1,500 = $23,500

Calculation of Profit Margin:

Profit Margin can be calculated as a ratio of net income to revenues.

Profit Margin = (Net Income / Revenues) × 100Profit Margin for 2022 = (23,500 / 55,000) × 100 = 42.72%

Calculation of Return on Assets:

Return on Assets can be calculated as a ratio of net income to total assets.

Return on Assets = (Net Income / Total Assets) × 100

Return on Assets for 2022 = (23,500 / ((150,000 + 185,000) / 2)) × 100 = 7.94%Calculation of Return on Equity:

Return on Equity can be calculated as a ratio of net income to total equity.

Return on Equity = (Net Income / Total Equity) × 100

Return on Equity for 2022 = (23,500 / ((90,000 + 86,000) / 2)) × 100 = 27.33%

Therefore, the net income, profit margin, return on assets, and return on equity for 2022 are $23,500, 42.72%, 7.94%, and 27.33% respectively.

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The adjusted balances for Derlak Enterprises for the year 2020 are $66,300 for accounts payable, $21,100 for accounts receivable, and $4,000 for accumulated amortization. Derlak Enterprises is a service providing company that manages its business operations in accordance with the accrual accounting system.

In this context, the financial statements of the company are prepared by following the accrual accounting principle, which implies that revenue is recognized when earned and expenses are recognized when incurred. The statement of financial position or balance sheet represents the financial position of the company as of a particular date (December 31, 2020).

The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below: 2020 2019 Accounts payable $ 66,300 $ 11,500

Accounts Receivable $ 21,100 $ 13,100

Accumulated Amortization $ 4,000 $ 3,300

The adjusted balances indicate the ending balances of the accounts as of December 31, 2020. Accounts payable amount is $66,300, which represents the amount that Derlak Enterprises owes to its suppliers as of December 31, 2020. The balance of accounts receivable is $21,100, which represents the amount that Derlak Enterprises will collect from its customers in the future.

Accumulated amortization balance is $4,000, which represents the cumulative amount of amortization charged against long-term assets such as plant and equipment. Thus, the adjusted balances for Derlak Enterprises for the year 2020 are $66,300 for accounts payable, $21,100 for accounts receivable, and $4,000 for accumulated amortization.

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Advice for Winters (Bridges): Foster a culture of mentorship and knowledge sharing at Hudson College to ensure smooth succession planning.

Encourage senior employees to guide and develop junior staff, creating a pipeline of future leaders.

Connecting the advice to Hudson College's needs: Emphasize the importance of long-term sustainability and growth for the college. By nurturing talent internally and preparing successors for key positions, Hudson College can ensure a seamless transition of leadership and maintain its reputation and success.

To change the culture at Hudson College, implement the following recommendations:

1. Establish formal mentorship programs that pair experienced employees with potential successors.

2. Encourage knowledge sharing through regular training sessions, workshops, and collaborative projects.

3. Recognize and reward employees who actively participate in succession planning efforts.

4. Include succession planning as a key performance indicator and incorporate it into the performance appraisal process.

5. Develop career paths and growth opportunities for employees, showcasing the benefits of staying with the organization.

A talent management strategy addresses questions and challenges related to identifying, attracting, developing, and retaining top talent within an organization. It focuses on aligning talent with organizational goals, nurturing their potential, and creating opportunities for growth. A talent management strategy is appropriate when an organization wants to cultivate a strong workforce, ensure business continuity, and proactively plan for future leadership needs. It is not appropriate when an organization has a short-term focus, limited resources, or does not prioritize talent development and succession planning.

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ASAP stands for "as soon as possible." It is a commonly used acronym to indicate urgency or promptness in completing a task or providing a response to a request.

In the given scenario, Yolo Corporation is experiencing financial difficulty in 2020 and has decided to go into note receivable discounting to ease some of its financial burdens.

Note receivable discounting is a financing technique in which a company sells its notes receivable to a financial institution or a third-party investor at a discounted price to obtain cash upfront. This is done to receive immediate cash in hand, which can then be used to pay off any outstanding debts or to invest in the company's growth.

Yolo Corporation may choose to discount its notes receivable if it needs to obtain immediate cash for an upcoming project or investment opportunity. However, it is important to note that note receivable discounting comes with a cost, which is the discount rate. The discount rate is the percentage of the note's face value that the financial institution or third-party investor charges to purchase the note.

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The relative values of the two sample likelihoods are:L1:L2 = 1:4.63 x 10⁻¹⁶ or L1 << L2.

:If the cement was left out then the mean core strength will be 3000 psi.If the cement was not left out then the mean core strength will be 3500 psi.In either case, the standard deviation of the normally distributed core strengths would be 450 psi.

The values of the four cores are: 3000, 3300, 2800, and 3500.

Now, we need to find the relative values of the two sample likelihoods. We can use the likelihood ratio test for this purpose.  The likelihood ratio test statistic is given by:LR = (L1/L2)Where, L1 is the likelihood of the model with the smaller number of parameters and L2 is the likelihood of the model with the larger number of parameters.

Here, the two models are:1) Mean core strength is 3000 psi 2) Mean core strength is 3500 psi.The likelihoods of these two models can be calculated as follows:

For model 1, the likelihood can be calculated as:L1 = (1/√2πσ)⁴ * exp[-(3000-3000)²/(2σ²)] * exp[-(3300-3000)²/(2σ²)] * exp[-(2800-3000)²/(2σ²)] * exp[-(3500-3000)²/(2σ²)]

For model 2, the likelihood can be calculated as:L2 = (1/√2πσ)⁴ * exp[-(3000-3500)²/(2σ²)] * exp[-(3300-3500)²/(2σ²)] * exp[-(2800-3500)²/(2σ²)] * exp[-(3500-3500)²/(2σ²)]

Substituting the values of L1 and L2, we get:LR = L1/L2

= exp[(3000-3500)²/(2σ²)] * exp[(3300-3500)²/(2σ²)] * exp[(2800-3500)²/(2σ²)] * exp[(3500-3000)²/(2σ²)]

= exp[-250000/(2*450²)] * exp[-2500/(2*450²)] * exp[-490000/(2*450²)] * exp[-250000/(2*450²)]

= 4.63 x 10⁻¹⁶. Therefore, the relative values of the two sample likelihoods are:L1:L2 = 1:4.63 x 10⁻¹⁶ or L1 << L2.

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Complete Question : There is circumstantial evidence that a fraction of the cement was inadvertently left out of one batch of concrete now in place in a tall retaining wall. Core data has been obtained. If the cement has been left out; the mean core strength will now be 3000 psi; ifnot; it will be 3500 psi. In either case, the standard deviation of the (normally distributed) core strengths would be 450 psi. What are the relative values of the two sample likelihoods if the sample of four cores yielded values of 3000, 3300,2800, and 35002

Cash flow from assets measures how much cash is generated or consumed by a company's assets. The formula for calculating cash flow from assets is Cash flow from assets = cash flow to creditors + cash flow to stockholders. Therefore, the cash flow from assets for Federal Corporation is $66,900.

Cash flow to creditors = interest – net new borrowing cash flow to stockholders = dividends paid – net new equity raised. Given information, Sales=$350,000;

Next, calculate taxes using the formula: Taxes = Tax rate x (Sales - Costs of goods sold - Depreciation)Taxes = 20% x ($350,000 - $170,000 - $34,000)Taxes = $30,400

Therefore, the cash flow from assets for Federal Corporation is $66,900.

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Good business writing is most in demand today because technology has increased the volume of written communication.

Business writing is the act of writing concise, clear, and effective communication messages that are delivered via email, letters, memos, reports, and other channels. Business writing is critical to all industries, from small startups to multinational corporations. It is used to communicate with employees, customers, suppliers, partners, and other stakeholders, making it a vital aspect of every company.

Demand is the desire for a product or service by a buyer or consumer. It refers to the amount of a product or service that people want to buy or receive at a given price. Demand is a critical factor in determining the success of a business because it drives sales, revenue, and profits. Businesses must be aware of changes in demand and adjust their strategies accordingly.

Good business writing is most in demand today because technology has increased the volume of written communication. With the rise of digital communication, businesses are producing and exchanging more written content than ever before. Emails, memos, reports, and other documents must be written clearly, concisely, and effectively to ensure that they are easily understood and interpreted by their intended audiences.Good business writing is crucial for effective communication between employees, customers, and suppliers. It can help businesses to enhance their reputation, improve their productivity, increase their sales, and reduce their costs. As a result, good business writing is in high demand in today's economy.

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To connect with me, you can follow these steps:

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Accounting duties can be categorized into three main areas: financial accounting, managerial accounting, and tax accounting.

Let's determine the area of accounting for each of the listed duties:

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Close budgetary entries  should be the first step in closing for an entity that uses fund accounting. Thea answer is OPTION C.

The method used by university business officials and staff to modify (increase/decrease) their operating budgets or move budgeted cash across accounts, departments, funds, or operational units is known as a budget entry. A journal entry that is made at the conclusion of the accounting period is a closing entry.

It entails transferring information from floating accounts on the income statement to floating accounts on the balance sheet. Retained earnings finally get all balances from the income statement. Budgeting is the act of estimating a company's income and spending for a given time period. Examples include the sales budget created to estimate the company's sales and the production budget created to predict the company's output, among others.

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Selling techniques refer to the methods or strategies that salespeople use to persuade potential customers to buy a particular product or service. In the case of toothpaste, salespeople use various techniques to attract customers and convince them to choose their product over others.

One selling technique is to highlight the benefits of the toothpaste. For instance, salespeople can emphasize that their toothpaste has cavity-fighting ingredients, teeth whitening capabilities, and fresh breath effects. By highlighting the benefits, salespeople show potential customers why their product is superior to others.

Another technique that salespeople use is to offer free samples or product demonstrations. This approach allows customers to experience the benefits of the product first-hand and increases the chances that they will purchase the product in the future.

Salespeople can also use testimonials or endorsements from dentists or celebrities to persuade customers to buy their product. This technique works because customers are more likely to trust a product that has been endorsed by a reputable professional or well-known personality.

Additionally, creating a sense of urgency can also be an effective selling technique. For example, salespeople can offer limited-time discounts or promotions to create a sense of urgency that encourages customers to make a purchase right away.

Another technique is to provide excellent customer service. By providing exceptional service, salespeople can build a rapport with customers and create a positive image of their product. Good customer service can also lead to repeat customers and positive word-of-mouth advertising.

Finally, salespeople can leverage technology to sell their toothpaste product. By creating engaging social media posts, online advertisements, and website content, salespeople can reach a wider audience and increase brand awareness.

In conclusion, toothpaste salespeople use various selling techniques to persuade potential customers to purchase their product. These techniques include highlighting the product's benefits, offering free samples, providing endorsements, creating a sense of urgency, offering excellent customer service, and leveraging technology. By using these techniques, salespeople can increase brand awareness, attract new customers, and generate more sales.

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a. The individual firm supply functions:

b. The industry supply function is the sum of the quantities supplied by all individual firms in the market, and it may exhibit kinks or changes in slope at the prices where firms enter or exit the market.

c. The long-run equilibrium price of widgets will be determined by setting the market demand equal to the total quantity supplied by all firms, and the number of firms producing widgets will depend on the equilibrium quantity supplied and market demand at that price.

a. The individual firm supply functions for each type of firm are as follows:

For firms of type A (SA(p)): Set CA(w) = p and solve for w. The resulting supply function will depend on the value of n.

For firms of type B (SB(p)): Set CB(w) = p and solve for w. The resulting supply function will depend on the value of m.

At certain prices, there may be no firms producing if the cost of production exceeds the price (i.e., when p < min(CA(w), CB(w))). There may also be prices at which some firms produce but others do not, depending on the cost functions and price levels.

b. The industry supply function is obtained by summing up the quantities supplied by all individual firms in the market at each price level. To graph the industry supply function, plot the total quantity supplied on the vertical axis and the price on the horizontal axis. The industry supply curve may exhibit kinks or changes in slope at the prices where some firms enter or exit the market.

c. In the long-run equilibrium, the price of widgets will be such that the quantity supplied by all firms in the market matches the market demand. To determine the long-run equilibrium price, set the market demand D(p) equal to the total quantity supplied by all firms. Solve for p, which will be the long-run equilibrium price.

The number of firms producing widgets in the long run equilibrium will depend on the quantity supplied by each firm and the market demand. The total quantity supplied by all firms should match the market demand at the long-run equilibrium price.

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The worksheet to consolidate these two companies as of December 31, 2018:

Holtz Corporation

Devine, Inc.

Total

Sales

$787,000

$392,000

$1,179,000

Cost of goods sold

$282,000

$105,000

$387,000

Operating expenses

$346,000

$117,000

$463,000

Dividend income

$16,000

$0

$16,000

Net income

$175,000

$170,000

$345,000

Retained earnings, 1/1/18

$727,000

$330,000

$1,057,000

Net income (above)

$175,000

$170,000

$345,000

Dividends declared

$50,000

$20,000

$70,000

Retained earnings, 12/31/18

$902,000

$500,000

$1,402,000

Current assets

$379,500

$162,000

$541,500

Investment in Devine, Inc

$512,000

$0

$512,000

Buildings and equipment (net)

$785,000

$422,000

$1,207,000

Trademarks

$148,000

$206,000

$354,000

Total assets

$1,824,500

$790,000

$2,614,500

Liabilities

$652,500

$210,000

$862,500

Common stock

$320,000

$100,000

$420,000

Retained earnings, 12/31/18 (above)

$902,000

$500,000

$1,402,000

Total liabilities and equities

$1,824,500

$790,000

$2,614,500

The 2018 consolidated income statement for Holtz and Devine:

Sales

$1,179,000

Cost of goods sold

$387,000

Operating expenses

$463,000

Dividend income

$16,000

Net income

$345,000

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The Complete Question

The Holtz Corporation Acquired 80 Percent Of The 100,000 Outstanding Voting Shares Of Devine, Inc., For $6.40 Per Share On January 1, 2017. The Remaining 20 Percent Of Devine’s Shares Also Traded Actively At $6.40 Per Share Before And After Holtz’s Acquisition. An Appraisal Made On That Date Determined That All Book Values Appropriately Reflected The Fair

The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.40 per share on January 1, 2017. The remaining 20 percent of Devine’s shares also traded actively at $6.40 per share before and after Holtz’s acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine’s underlying accounts except that a building with a 5-year future life was undervalued by $62,000 and a fully amortized trademark with an estimated 10-year remaining life had a $67,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $260,000.

Following are the separate financial statements for the year ending December 31, 2018:

Holtz

Corporation  Devine,

Inc.

Sales $ (787,000 )  $ (392,000 )

Cost of goods sold  282,000    105,000

Operating expenses  346,000    117,000

Dividend income  (16,000 )   0

Net income $ (175,000 )  $ (170,000 )

Retained earnings, 1/1/18 $ (727,000 )  $ (330,000 )

Net income (above)  (175,000 )   (170,000 )

Dividends declared  50,000    20,000

Retained earnings, 12/31/18 $ (852,000 )  $ (480,000 )

Current assets $ 379,500   $ 162,000

Investment in Devine, Inc  512,000    0

Buildings and equipment (net)  785,000    422,000

Trademarks  148,000    206,000

Total assets $ 1,824,500   $ 790,000

Liabilities $ (652,500 )  $ (210,000 )

Common stock  (320,000 )   (100,000 )

Retained earnings, 12/31/18 (above)  (852,000 )   (480,000 )

Total liabilities and equities $ (1,824,500 )  $ (790,000 )

At year-end, there were no intra-entity receivables or payables.

1) Prepare a worksheet to consolidate these two companies as of December 31, 2018.

2) Prepare a 2018 consolidated income statement for Holtz and Devine.

Employment will be lower in a perfectly competitive industry than in an imperfectly competitive industry.

In a perfectly competitive industry, there are many firms competing in the market, and each firm is a price taker, meaning they have no control over the market price. In this type of industry, there is free entry and exit of firms, and there are no barriers to entry.

On the other hand, in an imperfectly competitive industry, there are fewer firms, and each firm has some degree of market power, allowing them to influence the market price. Imperfectly competitive industries can include monopolistic competition, oligopoly, or monopoly.

In a perfectly competitive industry, firms operate at the lowest point on their average total cost curve, which means they are producing at the most efficient level. As a result, they may have lower costs and lower profit margins, which can lead to lower employment levels.

In an imperfectly competitive industry, firms may have more control over prices and can potentially earn higher profits. This may allow them to operate at higher levels of output and employment compared to perfectly competitive industries.

In summary, employment will generally be lower in a perfectly competitive industry compared to an imperfectly competitive industry. This is because perfect competition tends to result in firms operating at the most efficient level, which can lead to lower employment levels.

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Explanation :

Shareholder (an investor with financial acumen): "If you have set aside $20B in retained earnings for the new 787 factory, why are you borrowing $5B and not just the $2B needed

Boeing has revealed a plan to build a new $52B factory in South Carolina, opening a third production line for the 787 Dreamliner. As a part of financing the new factory, the company has announced a cut of 20% in the annual cash dividend from $6.84 to $5.47 per share starting in 2019.

However, the availability of retained earnings for dividends on December 31 is restricted by $50B owing to the planned new 787 factory. The shareholders attending the meeting submitted a written question regarding the borrowing of $5B by the company to finance the new factory when they have already set aside $20B in retained earnings for it.

The borrowed $5B is needed for the construction of the factory. Boeing has retained earnings of $20B that can be used for various purposes, including dividends and strategic acquisitions. Borrowing the money instead of using all the retained earnings makes sense because the company wants to keep some amount of cash on hand for other investments, possible future crises or any strategic initiatives the company may take.

Furthermore, using all the retained earnings can hamper the company's flexibility and liquidity, which can be detrimental to the interests of the shareholders. Hence, borrowing $5B is a logical decision.

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The revised expected return on equity is -6.39%.

To calculate the expected return on a company's equity using a three-factor model, the following equation can be used: R_i = R_f + β_i, m(R_m - R_f) + β_i, g RP + β_i, o RP where R_i is the expected return on the equity, R_f is the risk-free rate, β_i, m, β_i, g, and β_i, o are the betas for the market, GNP, and oil respectively, R_m is the expected market return, g RP is the percentage change in GNP, and o RP is the oil price return.

Given the following information, we can calculate the expected return: R_f = 5%R_m = 6%gRP = 2%oRP = -5%Beta_m = 0.8Beta_g = 0.3Beta_o = -0.1Expected return on equity = 15%Plug in the values into the formula above to calculate the expected return:15% = 5% + 0.8(6% - 5%) + 0.3(2%) - 0.1(-5%)Simplify and solve:15% = 5.4% + 0.6% + 0.6% + 0.5%15% = 7.1%Therefore, the expected return on equity is 7.1%.

Now, let's assume that the market falls by 8%, GNP contracts by 0.3%, and the oil price grows by 9%. We can use the same formula with the new values to calculate the revised expected return on equity: R_f = 5%R_m = -8%gRP = -0.3%oRP = 9%Beta_m = 0.8Beta_g = 0.3Beta_o = -0.1Expected return on equity = ?Plug in the new values into the formula above: Expected return on equity = 5% + 0.8(-8% - 5%) + 0.3(-0.3%) - 0.1(9%)Simplify and solve: Expected return on equity = 5% - 10.4% - 0.09% - 0.9%Expected return on equity = -6.39%Therefore, the revised expected return on equity is -6.39%.

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To calculate the exact level of change in the government budget balance that will bring the economy back to its natural rate of output, we need more information regarding the specific values of the government spending multiplier and the tax multiplier. These multipliers determine the impact of changes in government spending and taxes on the overall output of the economy.

Once we have the values of these multipliers, we can calculate the required change in the government budget balance by using the following formula:

Once we have the change in the budget balance, we can analyze the effect of this policy action on the IS-LM graph. By increasing government spending or decreasing taxes, the IS curve will shift to the right, indicating an increase in output. The LM curve may also shift depending on the specific monetary policy actions taken by the central bank in response to the fiscal policy measures.

Without specific values or information regarding the government spending and tax multipliers, it is not possible to provide an exact calculation or graph.

In general, economics has an understanding as a science that studies how humans fulfill their life needs by using available resources. All forms of business and human effort in meeting the needs of life in order to obtain life welfare

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The cause of the reduction in the unemployment rate after Obama took office in 2008 was the stimulus package that increased employment. A stimulus package is a set of monetary and fiscal policies implemented by the government to stimulate economic growth during a recession.

The American Recovery and Reinvestment Act (ARRA) of 2009 was the stimulus package created under the Obama administration. It was a $787 billion package that focused on infrastructure projects, education, and health care, among other things.

As a result, it helped create jobs, lower the unemployment rate, and restore economic stability.
During the Great Recession of 2008, the unemployment rate reached a high of 10%. It was the highest rate since the 1980s.

However, after Obama took office, there was a significant reduction in the unemployment rate. One of the primary reasons for this was the stimulus package that increased employment. The package helped create jobs by investing in infrastructure projects, such as bridges, roads, and public transportation. It also invested in green energy projects, education, and health care.

The stimulus package worked because it injected money into the economy, which increased consumer spending, business investments, and economic growth. As a result, companies were able to hire more people, and more people were able to find jobs. The unemployment rate went from a high of 10% in 2009 to 4.7% in 2016.

In conclusion, the reduction in the unemployment rate after Obama took office in 2008 was due to the stimulus package that increased employment. The package invested in infrastructure projects, green energy, education, and health care, which created jobs and helped restore economic stability.

The package worked because it injected money into the economy, which increased consumer spending, business investments, and economic growth. As a result, more people were able to find jobs, and the unemployment rate decreased significantly.

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If you hedged with futures, you would eventually receive 403,440 USD for the goods.

we need to determine the value of the Canadian dollars you will receive at the future exchange rate.

Here's the calculation:

Determining the number of futures contracts needed:

  Transaction size in CAD = 520,000 CAD

  Futures contract size = 125,000 CAD

  Number of futures contracts = Transaction size / Futures contract size

=520,000 CAD / 125,000 CAD

= 4.16 contracts (round up to the nearest whole number)

 = 5 contracts (since futures contracts come in increments of 125,000 CAD)

Calculating the future exchange rate using the given data:

  Spot exchange rate = 0.762 USD/CAD (Now)

  Futures exchange rate = 0.777 USD/CAD (3 months from now)

Calculating the amount you will receive in USD:

  Amount in CAD = Transaction size in CAD

  Amount in USD = Amount in CAD * Futures exchange rate

               = 520,000 CAD * 0.777 USD/CAD

               = 403,440 USD

Therefore, if you hedged with futures, you would eventually receive 403,440 USD for the goods.

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The value of b in terms of c and d for which the given integral is zero is [tex]\(b = \frac{\frac{1}{2}(c^2 - d^2)}{d - c}\).[/tex]

To find the value of b in terms of c and d for which the given integral is equal to zero, let's evaluate the integrals separately:

[tex]\(\int_{c}^{d} (x+b)\ dx = 0\)[/tex]

we can evaluate the integral and solve for b.

Expanding the integral expression, we have:

[tex]\(\int_{c}^{d} x\ dx + \int_{c}^{d} b\ dx = 0\)[/tex]

The integral of x with respect to x is:

[tex]\(\frac{1}{2}x^2\)[/tex]

Thus, we can rewrite the equation as:

[tex]\(\frac{1}{2}d^2 + bd - \frac{1}{2}c^2 - bc = 0\)[/tex]

To solve for b, we rearrange the equation:

[tex]\(bd - bc = \frac{1}{2}c^2 - \frac{1}{2}d^2\)[/tex]

Factoring out b:

[tex]\(b(d - c) = \frac{1}{2}(c^2 - d^2)\)[/tex]

Now, we can solve for b:

[tex]\(b = \frac{\frac{1}{2}(c^2 - d^2)}{d - c}\)[/tex]

Therefore, the value of b in terms of c and d is:

[tex]\(b = \frac{\frac{1}{2}(c^2 - d^2)}{d - c}\)[/tex]

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The correct question is:

If 0 < c < d, then find the value of b (in terms of c and d) for which [tex]\displaystyle { \int_{c}^{d} (x+b)\ dx = 0[/tex]

6) The value of the year 5 payment is $13,206.

7) The amount that JFF will have at the end of the fourth year to pay for the expansion is $305,618

Question 6: Given that,Fishing Designs has arranged to borrow $10,000 today at 13% interest. The loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4.

At the end of year 5, the remainder will be paid.The outstanding balance after the fourth payment can be calculated using the present value of an annuity formula as shown below;

PV = P * [(1 - (1+i)^-n)/i]

Where,

P = 3000

i = 13%/year

n = 4 years.

Substituting the values, we get;

PV = 3000[(1 - (1.13)^-4)/(0.13)]

PV = 9000.25

Therefore, the outstanding balance after the fourth payment is $9,000.25.

Then, we can find the payment that will be made at the end of year 5 using the present value formula.PV = FV/(1+i)^n

Where,FV = the future value that will be paid after the fifth year.

Substituting the values, we get;

9000.25 = FV/(1.13)^5

Therefore, the future value of the fifth-year payment is $13,205.88, which will be paid at the end of the fifth year.

Question 7: Given that,The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4 years.

In anticipation of the expansion, JFF invests money into a mutual fund that earns 6% compounded annually to finance the expansion. At the end of year 1, they invest $70,000.

They increase the amount of their investment by $34,000 each year.

To find the amount that will be available at the end of the fourth year to finance the expansion, we can use the future value formula as shown below;

FV = PV(1+i)^n + PMT[((1+i)^n - 1)/i]

Where,PV = $70,000

i = 6%/year

n = 4 years

PMT = $34,000

Substituting the values, we get;

FV = 70000(1+0.06)^4 + 34000[((1+0.06)^4 - 1)/0.06]

FV = 305,617.64

Therefore, the amount that JFF will have at the end of the fourth year to pay for the expansion is $305,618 (rounded to the nearest dollar).

Hence, the answer is $305,618.

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