The incorrect statement about the markets of Trajan is: the structure was shaped like a pyramid in honor of the pharaoh Khufu. (Option g)
The markets of Trajan, also known as Trajan's Market, were a complex of buildings in ancient Rome. They were constructed under the reign of Emperor Trajan in the early 2nd century AD. The markets of Trajan were a multilevel structure containing stores and businesses, providing a commercial center for the city.
The architect responsible for designing the markets of Trajan was Apollodorus of Damascus, known for his architectural works during the Roman Empire. The project was completed in 112 AD and is considered one of the remarkable achievements of Roman architecture and urban planning.
However, the statement suggesting that the structure was shaped like a pyramid in honor of the pharaoh Khufu is incorrect. The markets of Trajan were not designed in the shape of a pyramid but rather consisted of a series of interconnected buildings and terraces.
The correct question is:
Which of the following statements about the markets of Trajan is incorrect?
a. it was a structure containing stores and businesses.
b. it was a structure containing stores and businesses.
c. the project was completed in 112 ad.
d. the project was completed in 112 ad.
e. the architect was apollodorus of damascus.
f. the architect was apollodorus of damascus.
g. the structure was shaped like a pyramid in honor of the pharaoh khufu.
To know more about Trajan follow the link:
https://brainly.com/question/11868161
#SPJ4
Soon after the payment of the fortieth installment of a loan of $ 200,000.00 in 120 equal monthly installments, at the effective rate equal to 8.70%, you decide to amortize part of the outstanding balance at once, with an additional payment, in order to reduce by ten months the total term, in the same payment system, maintaining the interest rate and the value of the monthly payments.
Calculate the percentage of the initial debt balance that must be amortized in this operation, that is, with this additional payment.
To reduce the total term by ten months while maintaining the interest rate and monthly payments, you need to amortize 5.50% of the initial debt balance.
The first step is to calculate the remaining balance after the fortieth payment. This can be done using the following formula:
Remaining balance =[tex]Principal * (1 - (1 + i)^-n)[/tex]
where:
Principal = $200,000
i = Effective interest rate = 8.70%
n = Number of payments = 120 - 40 = 80
Plugging in these values, we get:
Remaining balance =[tex]$200,000 * (1 - (1 + 0.087)^-80) = $110,048.61[/tex]
The next step is to calculate the monthly payment. This can be done using the following formula:
Monthly payment =[tex]Principal * i * (1 + i)^n / (1 - (1 + i)^-n)[/tex]
Plugging in the values from above, we get:
Monthly payment = [tex]$200,000 * 0.087 * (1 + 0.087)^{120 / (1 - (1 + 0.087)^-120) =[/tex][tex]$1,746.13[/tex]
Now, we need to calculate the number of payments that will be required if the loan is amortized over 110 months. This can be done using the following formula:
Number of payments = ln(1 - (Remaining balance / Principal)) / ln(1 + i)
Plugging in the values from above, we get:
Number of payments = [tex]ln(1 - $110,048.61 / $200,000) / ln(1 + 0.087) = 110[/tex]
So, we need to reduce the number of payments by 10. This means that we need to amortize $110,048.61 / 10 = $11,004.86 in order to reduce the total term by ten months.
The percentage of the initial debt balance that must be amortized is:
Percentage =[tex]$11,004.86 / $200,000 = 5.50%[/tex]
Therefore, you need to amortize 5.50% of the initial debt balance in order to reduce the total term by ten months.
To know more about Amortization visit here:
https://brainly.com/question/30370771
#SPJ4
Imagine we have a duopoly that are competing by simultaneously setting prices. The market demand curve faced by these two firms is: p = 240 - 2q1 - 292 Firm 1 has a constant marginal cost of $20. Firm 2 has a constant marginal cost of $40. What is the Market Price that will be charged by these firms??
In a duopoly, two firms are competing by simultaneously setting prices in a market. The market price that will be charged by these firms depends on various factors, such as market demand and the firms' marginal costs. In this scenario, Firm 1 and Firm 2 face a market demand curve and have different marginal costs. Let's delve into the details to determine the market price that will be charged by these firms.
To find the market price charged by the duopoly firms, we need to analyze the interaction between the market demand curve and the firms' marginal costs. In this case, the market demand curve is represented by the equation p = 240 - 2q₁- 292, where p is the price and q1 is the quantity produced by Firm 1.
To begin, we can set up the duopoly pricing game and solve it using the concept of Cournot competition. In this model, firms set their quantities simultaneously based on their beliefs about how their competitors will behave. However, for simplicity, we will assume that both firms set prices instead of quantities.
Let's denote the price set by Firm 1 as p₁ and the price set by Firm 2 as p₂. The total market quantity demanded is the sum of the quantities demanded by both firms, which can be represented as: q = q₁ + q₂.
Since we are assuming that firms set prices, the quantities demanded by consumers will depend on the prices set by the firms. To find the quantities demanded, we need to solve the market demand equation for q₁ and q₂ in terms of p₁ and p₂.
Rearranging the market demand equation, we get:
p₁ = 240 - 2q₁ - 292
p₂ = 240 - 2q₂ - 292
Next, we need to consider the firms' marginal costs. Firm 1 has a constant marginal cost of $20, and Firm 2 has a constant marginal cost of $40.
Given these marginal costs, the firms will choose their prices to maximize their profits. The profit for Firm 1 can be calculated as: π₁ = (p₁ - 20) * q₁, and the profit for Firm 2 can be calculated as: π₂ = (p₂ - 40) * q₂.
To find the market price, we need to determine the prices set by the firms that maximize their respective profits. This can be done by solving the profit maximization problem for each firm, taking into account the reaction of the other firm.
The specific details of solving the profit maximization problem and finding the optimal prices are beyond the scope of this explanation. However, by solving the equations for profit maximization, we can determine the equilibrium prices that the firms will charge in the duopoly market.
Therefore, to find the market price that will be charged by these firms, we need to solve the profit maximization problem considering the market demand curve, the firms' marginal costs, and the interaction between the firms' pricing strategies.
It's important to note that the solution to this problem will depend on the specific assumptions and parameters of the model. Solving the equations will yield the equilibrium prices set by the firms, which will determine the market price in the duopoly.
In conclusion, to determine the market price charged by the duopoly firms, we need to solve the profit maximization problem considering the market demand curve and the firms' marginal costs. By finding the equilibrium prices set by the firms, we can determine the market price in this duopoly scenario.
To know more about Market Price here
https://brainly.com/question/31964955
#SPJ4
Managers in organizations that consistently communicated concern for workers' well-being and that focused on treating employees fairly reported feeling better about themselves and their role in the or
Research has established that a manager's attitude towards employee well-being can significantly impact the work environment's productivity and efficiency.
Managers in companies that have consistently demonstrated concern for workers' well-being and have focused on treating employees equitably have reported feeling better about themselves and their role in the organization. Being treated well by their managers improves employee engagement and loyalty to the company, resulting in higher work satisfaction. It also results in fewer employees taking sick leave, being absent, or quitting their jobs.
Managers who focus on promoting and maintaining their employees' well-being create a more positive work culture and are more likely to motivate employees to perform to the best of their abilities, which can lead to higher job satisfaction and employee retention.
Therefore, it is beneficial for a company to have a positive work environment that encourages and motivates its employees. By doing so, the company can create a culture of productivity and efficiency that enables it to compete with its competitors and build a reputation of being a desirable workplace.
In conclusion, managers who consistently demonstrate concern for their employees' well-being create a positive work environment and improve their employees' job satisfaction, ultimately leading to a more productive workplace.
Learn more about work environment's productivity here.
https://brainly.com/question/28498743
#SPJ11
Which of the following is NOT considered a best practice in application design, security and control. 2 pt O Using a negative security model O Applying defense-in-depth O Using a positive security mod
The option that is NOT considered a best practice in application design, security, and control is: O Using a positive security model
It is not regarded as best practise to use a positive security paradigm, where all access is permitted by default and only expressly mentioned rights are removed or restricted. This strategy increases the risk of unauthorized access because it makes the assumption that everything is acceptable unless specifically prohibited.
The best practises for improving application design, security, and control, on the other hand, include using a negative security model (where access is specifically listed and all other access is excluded by default), implementing defense-in-depth (using multiple layers of security measures), and running with the least privilege (granting only the minimal privileges required to complete tasks).
Learn more about the security model:
brainly.com/question/31503917
#SPJ4
ABM Services paid a $2.15 annual dividend on a day it closed at a price of $94 per share. What
was the yield?
ffgcjxudurfururififjdudhe shdu
Grand Corporation reported pretax book income of $603,000. Tax depreciation exceeded book depreciation by $402,000. In addition, the company received $301,500 of tax-exempt municipal bond interest. The company’s prior-year tax return showed taxable income of $50,250. Compute the company's current income tax expense or benefit.
The company's current income tax expense is positive.
To calculate the current income tax expense or benefit, we need to consider the taxable income based on book income and make adjustments for tax depreciation, book depreciation, and tax-exempt municipal bond interest.
The taxable income based on book income is $603,000. Since tax depreciation exceeded book depreciation by $402,000, we need to add this amount to the taxable income. However, the company received $301,500 of tax-exempt municipal bond interest, which needs to be subtracted from the taxable income.
Therefore, the adjusted taxable income is $603,000 + $402,000 - $301,500 = $703,500.
Comparing this to the prior-year taxable income of $50,250, we can determine whether the company has an expense or benefit. In this case, the current taxable income is higher than the prior-year taxable income, resulting in an income tax expense.
You can learn more about income tax at
https://brainly.com/question/30157668
#SPJ11
The price of tuna is R16 a tin, and the price of two minute noodles is R10 a pack. Gabriella currently receives a marginal utility of 80 from consuming tuna and 50 from consuming noodles. To maximize her utility, Gabriella should: A. not change her consumption. B. buy less tuna and more packs of noodles, because she receives more utility per Rand spent on noodles. C. buy more tuna (and fewer noodles) because she receives more marginal utility from tuna. D. consume only noodles and not buy any tuna, because noodles are better value. E. use all her income to buy tuna, because although it is more expensive it brings her greater utility.
Gabriella should buy less tuna and more packs of noodles, because she receives more utility per Rand spent on noodles. So the correct option is B. buy less tuna and more packs of noodles, because she receives more utility per Rand spent on noodles.
The Law of Diminishing Marginal Utility is a law that states that the marginal utility of each additional unit of a good consumed decreases as the total number of units consumed increases. Gabriella gets more marginal utility from consuming a single unit of tuna than she does from consuming a single pack of noodles.
The total utility Gabriella receives from consuming more than one unit of tuna decreases because of the Law of Diminishing Marginal Utility.Gabriella can maximize her utility by buying fewer units of tuna and more packs of noodles since the marginal utility per Rand spent on noodles is higher. It means that by spending the same amount of money on noodles as on tuna, Gabriella can receive more marginal utility.
To know more about Marginal Utility visit:-
https://brainly.com/question/30841513
#SPJ11
A stock is selling for $37.50 and is expected to pay a dividend of $3 at the end of the year. I investors expect a return of 14%, what must be the sustainable growth rate? a. 4% b. 7% c. 6% d. 5%
The dividend growth rate is 6%. The correct answer is c. 6%.
To determine the dividend growth rate, we can use the formula for the required rate of return:
Required Rate of Return = Dividend Yield + Dividend Growth Rate
Given:
Stock Price = $37.50
Dividend = $3
Required Rate of Return = 14%
Dividend Yield = Dividend / Stock Price
Dividend Yield = $3 / $37.50
Dividend Yield = 0.08
Required Rate of Return = Dividend Yield + Dividend Growth Rate
14% = 0.08 + Dividend Growth Rate
Dividend Growth Rate = 14% - 0.08
Dividend Growth Rate = 0.14 - 0.08
Dividend Growth Rate = 0.06
Therefore, the dividend growth rate is 6%. The correct answer is c. 6%.
The correct question is:
A stock is selling for $37.50 and is expected to pay a dividend of $3 at the end of the year. If investors expect a return of 14%, what is the dividend growth rate?
a. 4% b. 7% c. 6% d. 5%
To know more about dividend growth rate follow the link:
https://brainly.com/question/18650705
#SPJ4
most top executives began their careers as which type of expert?
Most top executives began their careers as functional or technical experts. They gained specialized knowledge and skills in a particular field, such as marketing, finance, operations, or engineering, before moving up to leadership roles in their organizations.
Functional or technical experts are individuals who possess specialized knowledge and skills in a particular field. They typically have advanced degrees, certifications, and practical experience in their field, making them well-versed in the complexities of their profession. These experts serve as the foundation of their organizations and act as subject matter experts in their respective fields.
They are responsible for analyzing data, identifying trends, making informed decisions, and driving innovation in their organizations. In conclusion, most top executives begin their careers as functional or technical experts and later move up to leadership roles in their organizations.
To know more about marketing refer to:
https://brainly.com/question/25369230
#SPJ11
At the outset of the COVID-19 pandemic the demand for face masks increased markedly around the globe resulting in retailers. In addition, the sales of hand sanitisers, personal protective equipment (PPE) and cleaning and fumigating and similar products swelled across several international markets since the COVID-19 outbreak began in March 2020. According to data released by Grecques Consulting Pty, an international research firm based in the US, face masks sales grew by a year-on-year increase of 400% in April 2020. However, in December of 2020, the price of face masks retraced back to its pre- COVID-19 level. 5.1 (10 marks) With the aid of diagrams, critically evaluate changes in the market type for the face masks industry post the initial COVID-19 shock in March 2020. 5.2 (10 marks) Critically discuss how price elasticity of demand of face masks was affected, including its impact on revenue at the outset of the pandemic relative to the later in that year, when the price of masks returned to its pre- COVID-19 level.
5.1) The face masks industry initially transitioned from a normal market to a seller's market due to increased demand during the COVID-19 pandemic, but later returned to a more competitive market as supply caught up.
5.2) The price elasticity of demand for face masks was initially low, resulting in increased revenue during the peak demand period, but became more elastic when prices returned to pre-pandemic levels, potentially leading to a decrease in revenue.
5.1) Changes in Market Type for the Face Masks Industry:
Initially, the face masks industry experienced a significant increase in demand due to the COVID-19 pandemic. This surge in demand resulted in shortages and panic buying, leading to a temporary shift in the market type. The market transitioned from a normal market to a seller's market, characterized by scarcity and increased prices.
Diagrammatically, this change can be represented by an upward shift in the demand curve (D1 to D2) due to increased demand, while the supply curve (S) remains relatively stable. The new equilibrium point (E2) reflects a higher price and quantity compared to the pre-pandemic equilibrium (E1).
However, as the pandemic progressed and the production of face masks increased to meet the rising demand, the market gradually returned to a more competitive market type. The supply of face masks caught up with demand, resulting in price stabilization and a return to pre-pandemic price levels.
This transition can be depicted diagrammatically by a downward shift in the demand curve (D2 to D3) as demand decreases or plateaus, while the supply curve (S) remains stable. The new equilibrium point (E3) reflects a lower price and quantity compared to the peak demand period.
5.2) Price Elasticity of Demand and Revenue Impact:
During the initial phase of the pandemic, the price elasticity of demand for face masks was relatively low due to the urgent need and limited substitutes. Consumers were willing to pay higher prices to acquire masks for protection, resulting in inelastic demand.
As a result, the increase in price led to a significant increase in total revenue for face masks manufacturers and retailers. The large year-on-year sales growth of 400% in April 2020 mentioned in the question indicates the substantial revenue impact during the peak demand period.
However, as the market stabilized and supply caught up with demand, the price of face masks returned to pre-pandemic levels. At this stage, the price elasticity of demand became more elastic, as consumers had more options and substitutes available. The impact on revenue would depend on the extent of the decrease in price and the corresponding change in quantity demanded.
Overall, the initial surge in demand for face masks resulted in inelastic demand and increased revenue. As the market stabilized, the price elasticity of demand became more elastic, potentially leading to a decrease in revenue unless volume sales compensated for the lower price.
To learn more about competitive market refer here:
https://brainly.com/question/13961518
#SPJ11
municipal dealer b is preparing to publish an advertisement online which will promote the enhanced facilities of your firm in the municipal securities arena. this advertisement must be
A municipal dealer is a securities dealer who focuses on selling securities that are issued by the local or state government and he is preparing to publish an advertisement online. The advertisement should be informative, accurate, and non-deceptive.
When it comes to selling securities, a municipal dealer is a specialized broker-dealer who concentrates on selling municipal securities. In order to promote the enhanced facilities of your firm in the municipal securities arena, Municipal Dealer B is preparing to publish an advertisement online.
This advertisement should not exceed 200 words. It should be compelling, persuasive and designed to attract potential investors. A well-written advertisement should include information about the benefits of investing in municipal securities. It should also highlight the services that are offered by your firm.
When writing this advertisement, Municipal Dealer B should make sure that they comply with the rules and regulations that are set by the SEC. Furthermore, the advertisement should not make false or misleading statements about the securities that are being sold. In summary, a well-written advertisement that highlights the benefits of investing in municipal securities and the services that are offered by your firm can be an effective way to attract potential investors.
Know more about investors here:
https://brainly.com/question/31259789
#SPJ11
Conducting an effective performance appraisal meeting is always easier if the rater begins the meeting with a criticism of the employee and moves forward from there. is always easier if the rate limits the number of opportunities the employee has to speak. is facilitated if the rater has empathy for the employee. is easier if they rater completes the performance appraisal form as he talks to the employee during the actual performance appraisal meeting.
Answer:
is facilitated if the rater has empathy for the employee.
Explanation:
A performance evaluation is a tool of the HR department used in organizations with the objective of evaluating how an employee or a team conducts their work, how their actions affect positively or negatively in the achievement of organizational objectives and goals, that is, it is a way of analyzing whether a collaborator's work meets the company's expectations.
Therefore, there are some issues that can hinder this evaluation, such as some existing bias due to some situation, which may cause the performance evaluation to not be fully consistent with reality.
So when the appraiser has empathy for the employee, the assessment is facilitated, as there is greater understanding and search for solutions for the employee to develop and improve situations that were not so positive in the assessment.
An investment offers $3,850 per year for 15 years, with the first payment occurring one year from now. a. If the required return is 6 percent, what is the value of the investment? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value be if the payments occurred for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What would the value be if the payments occurred for 75 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) a. Present value of 15 annual payments b. Present value of 40 annual payments c. Present value of 75 annual payments d. Present value of annual payments forever
a. Present value of 15 annual payments = $40,893.75
b. Present value of 40 annual payments = $78,695.61
c. Present value of 75 annual payments =$109,569.03
d. Present value of annual payments forever = $64,166.67
To calculate the present value of the investment, the formula for the present value of an annuity:
PV = PMT × [(1 - (1 + r)²(-n)) / r]
Where:
PV = Present value
PMT = Annual payment
r = Required rate of return
n = Number of years
a. Present value of 15 annual payments:
PMT = $3,850
r = 6% = 0.06
n = 15
PV = $3,850 × [(1 - (1 + 0.06)²(-15)) / 0.06]
PV = $40,893.75
b. Present value of 40 annual payments:
PMT = $3,850
r = 6% = 0.06
n = 40
PV = $3,850 × [(1 - (1 + 0.06)²(-40)) / 0.06]
PV ≈ $78,695.61
c. Present value of 75 annual payments:
PMT = $3,850
r = 6% = 0.06
n = 75
PV = $3,850 × [(1 - (1 + 0.06)²(-75)) / 0.06]
PV ≈ $109,569.03
d. Present value of annual payments forever:
A perpetuity, and the formula for the present value of a perpetuity is:
PV = PMT / r
PMT = $3,850
r = 6% = 0.06
PV = $3,850 / 0.06
PV ≈ $64,166.67
To know more about value here
https://brainly.com/question/30145972
#SPJ4
The preferred ethical path is to take a course of action that avoids casting doubt on one's decisions. Verifiability ensures that information is complete, neutral and free from error. A characteristic of liabilities is their capacity to reduce future assets.
The preferred ethical path is to take a course of action that avoids casting doubt on one's decisions. Verifiability ensures that information is complete, neutral and free from error. A characteristic of liabilities is their capacity to reduce future assets.The preferred ethical path in decision-making is to take a course of action that does not give rise to any doubts. An ethical decision-maker should always focus on making decisions that are based on facts and are not influenced by personal bias or any other form of manipulation.
Furthermore, ethical decision-makers should always maintain confidentiality to ensure that sensitive information is not exposed to unauthorized parties. Verifiability, on the other hand, is critical in ensuring that information is complete, neutral and free from error. When information is verifiable, it can be confirmed and validated by third parties, which helps to minimize the chances of errors. Verifiable information is critical in decision-making as it enables decision-makers to rely on facts, rather than assumptions.A characteristic of liabilities is their capacity to reduce future assets. Liabilities refer to obligations that a company owes to third parties. These obligations can arise from borrowing or purchasing goods and services on credit. A company's liabilities have the capacity to reduce future assets, such as cash reserves, as they must be paid off at some point. As such, it is important for companies to manage their liabilities effectively to minimize their impact on future assets. Effective liability management involves balancing the amount of debt owed with the company's ability to pay it back while still maintaining adequate cash reserves.
To know more about ethical path visi:
https://brainly.com/question/28086224
#SPJ11
Your small business is considering purchasing one of two different computers. Computer A costs $820 today and will increase after-tax revenues by $91, $254, and $734 over years 1-3 respectively. Computer B costs $690 today and will increase after-tax revenues by $451, $246, and $89 over years 1-3 respectively. If your firm’s financing rate is 12%, what is the cross over rate between these two computers and which should you choose?
considering a financing rate of 12%, the preferable option would be Computer A.
To find the crossover rate between the two computers, we need to determine the discount rate at which the net present value (NPV) of the cash flows from each computer is equal. We can calculate the NPV for each computer using the given after-tax revenue figures and the financing rate of 12%.
For Computer A:
NPV_A = -$820 + ($91 / (1 + 0.12)^1) + ($254 / (1 + 0.12)^2) + ($734 / (1 + 0.12)^3)
NPV_A = -$820 + $81.25 + $184.66 + $445.46
NPV_A = $16.37
For Computer B:
NPV_B = -$690 + ($451 / (1 + 0.12)^1) + ($246 / (1 + 0.12)^2) + ($89 / (1 + 0.12)^3)
NPV_B = -$690 + $402.68 + $184.66 + $58.99
NPV_B = -$43.67
To determine the crossover rate, we need to find the discount rate at which NPV_A = NPV_B. Since the NPV of Computer A is positive and the NPV of Computer B is negative, there is a crossover point between the two.
Using a financial calculator or spreadsheet software, we can find that the crossover rate is approximately 5.8%. This means that if the financing rate is below 5.8%, Computer A would be the better choice, and if the financing rate is above 5.8%, Computer B would be the better choice.
Therefore, considering a financing rate of 12%, the preferable option would be Computer A.
Learn more about discount rates here
brainly.com/question/9841818
#SPJ11
Government have been mandating deductions from both employers and employees to fund various social programs. Discuss the features of these deductions and what are their advantages and disadvantages?
Cost-Volume-Profit (CVP) analysis is used by companies to determine the optimal volume of sales and costs to maximize profits. Discuss, using examples, how this would work in a not-for-profit organization.
Why might smaller companies prefer to use techniques such as cash payback and accounting rate of return over discounted cash flow techniques?
The government has been mandating deductions from both employers and employees to fund various social programs. These deductions are usually done in the form of payroll taxes or social security taxes.
There are several features of these deductions, and in this answer, I will explain their advantages and disadvantages. Features of payroll taxes or social security taxesThese deductions are mandatory and non-voluntary. Every employer and employee must pay them, regardless of whether they want to or not. The rates are determined by the government, and they are usually a fixed percentage of the employee's income.
These taxes are collected by the employer, who is responsible for remitting them to the government. The funds are then used to finance various social programs such as healthcare, unemployment insurance, and social security. The Advantages of Payroll TaxesThe main advantage of payroll taxes is that they provide a stable source of funding for social programs.
To know more about social security taxes please refer:
https://brainly.com/question/13255138
#SPJ11
3. What makes an audit evidence persuasive? When collecting
persuasive audit evidence, who are we trying to persuade? Give an
example of audit evidence that is relevant but not
reliable.
Audit evidence is considered persuasive based on its relevance and reliability. The following factors contribute to the persuasiveness of audit evidence:
Independence and objectivity: Audit evidence from sources that are independent and objective is generally more persuasive.
Appropriateness: The extent to which the audit evidence aligns with the audit objective and provides sufficient support for the audit conclusions.
Sufficiency: The quantity of audit evidence obtained should be sufficient to form a reasonable basis for the auditor's opinion.
Consistency: Audit evidence that is consistent across different sources and corroborates other evidence increases its persuasiveness.
Source reliability: Audit evidence from reliable and credible sources is more persuasive than evidence from sources that lack credibility.
When collecting persuasive audit evidence, auditors are primarily trying to persuade themselves, the audit team, and other relevant stakeholders (e.g., shareholders, regulators, and financial statement users) of the reliability of the financial statements and the accuracy of the audit opinion. Persuasive audit evidence helps auditors form a professional judgment and provide assurance on the financial statements.
An example of audit evidence that is relevant but not reliable could be oral representations from management regarding a specific financial transaction. While the information may be relevant to the audit, it may lack reliability because it is not supported by documentary evidence or corroborating sources. Oral representations can be subjective and prone to misinterpretation or manipulation, making them less reliable compared to written documentation or objective data.
To know more about auditor here
https://brainly.com/question/26048609
#SPJ11
eBook Problem Walk-Through A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 7 years at $1,232.25, and currently sell at a price of $1,398.53. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.
YTM: 6.64 % (check)
YTC:
The nominal yield to maturity (YTM) and the nominal yield to call (YTC) for a firm's bonds with a maturity of 14 years and the given details can be calculated as follows:
NOMINAL YIELD TO MATURITY(YTM)Nominal Yield to Maturity is the annual rate of return that an investor can earn on a bond if they hold it until its maturity and the issuer of the bond does not default on its payment.
It is also called the coupon rate. The YTM for the given bonds can be calculated as follows:
Given,
Face value of bond = $1000
Semiannual coupon rate = 11%
Maturity of bond = 14 years
Callable in 7 years at $1,232.25
Bond price = $1,398.53
To calculate YTM, we need to find the yield rate that makes the present value of the bond's cash flows equal to the current bond price. i.e. 1398.53 = (55/1+r) + (55/1+r)^2 + ... + (55+1000/1+r)^28
Where,r = Yield Rate Solving the above equation using Excel sheet or any financial calculator,
we get Yield Rate, YTM = 6.64%
NOMINAL YIELD TO CALL(YTC)Nominal Yield to Call is the annual rate of return that an investor can earn on a bond if it is called before its maturity. It is also called call yield.
The YTC for the given bonds can be calculated as follows:
Given,
Call price = $1,232.25To calculate YTC, we need to find the yield rate that makes the present value of the bond's cash flows equal to the call price (i.e. $1232.25) when the bond is called at the end of 7 years.
i.e. 1232.25 = (55/1+r) + (55/1+r)^2 + ... + (55+1000/1+r)^14 for n=7
Where,r = Yield Rate Solving the above equation using Excel sheet or any financial calculator, we get Yield Rate, YTC = 7.69%
Therefore, the Nominal Yield to Maturity (YTM) and the Nominal Yield to Call (YTC) are 6.64% and 7.69% respectively.
To know more about Maturity visit :
https://brainly.com/question/28265519
#SPJ11
(50%) Consider a duopoly market with two firms. The market inverse demand function is p = 100 – 2Q, where Q = q₁ +q2 is the sum of the two firms' output. The cost functions of the two firms are TC₁ = C₁q₁ and TC₂ = C₂q2. - (A) (15%) Derive the two firms reaction functions. How does q₁ respond (increases or decrease) to a change in q2? (B) (15%) Find the Cournot-Nash equilibrium outputs of the two firms, q1 and q2, as functions of cost. (C) (10%) In part (B), how does firm 1's equilibrium output level (q1) change with c₁ (increasing or decreasing)? How does it change with c₂? (D) (10%) Suppose now the firms have a fixed cost, F. The cost functions become TC₁ = F + C₁q₁ and TC₂ = F + C₂q2. Derive the reaction functions of the two firms. How does q₁ respond (increases or decrease) to a change in F?
The total output of the two firms is Q = q₁ + q₂ The inverse demand function of the market is p = 100 – 2Q.
The revenue for the firm i is given byRi = pi × qi= (100 – 2Q) qi= (100 – 2q₁ – 2q₂) q_i So the profit of the firms isπ₁ = TR₁ – TC₁= [p(Q) q₁] – TC₁= (100 – 2q₁ – 2q₂) q₁ – C₁q₁= (100 – 2Q) q₁ – C₁q₁ – 2q₁q₂= (100 – C₁ – 2q₂) q₁ – 2q₁q₂So, the first order condition for profit maximization for firm 1 can be written as∂π₁/∂q₁ = 0= (100 – C₁ – 2q₂) – 4q₁= (100 – C₁ – 2q₂)/4 – q₁/4Therefore, the reaction function for firm 1 isq₁ = (100 – C₁ – 2q₂)/4Part B: (15%) Find the Cournot-equilibrium outputs of the two firms, q1 and q2, as functions of cost.
the Cournot-Nash equilibrium, substitute the reaction function of firm 1 in the reaction function of firm 2 and solve for q2:q₂ = (100 – C₂ – 2q₁)/4= (100 – C₂ – 2(100 – C₁ – 2q₂)/4)/4Simplifying,4q₂ = (100 – C₂)/3 – (2C₁)/3 – (4/3)q₂Rearranging,10q₂/3 = 100/3 – C₁/3 – C₂/3The Cournot-Nash equilibrium can be obtained by substituting this value of q₂ in either of the reaction functions.
To know more about market visit:
https://brainly.com/question/14418904
#SPJ11
A director is hired to to manage a team that has had issues with productivity, efficiency, and morale. she takes time to get to know each of her employees personally, learning their strengths, weaknesses, and ambitions. she spends part of a day with each employee letting them train her on their jobs, so she can understand their day to day challenges. she quickly promotes experienced employees to line manager roles and publicly credits team members' important successes. she forms cross departmental alliances that benefit her cteam and improve the quality of work for the whole department. Her team becomes more efficient ,happier and better at solving problems. identify the type of political power demonstrated by the COO
The political power demonstrated by the COO in the given scenario is referent power.
Referent power is the capacity of a leader to persuade his or her followers to follow him or her based on the leader's personal characteristics and behaviors that attract the followers.
In the given scenario, the director took the time to get to know each of her employees personally and learn about their strengths, weaknesses, and ambitions.
She spent time with each employee to understand their day-to-day challenges and promoted experienced employees to line manager roles, and publicly credited team members for their important successes.
All of these actions of the director made her employees feel respected and appreciated, resulting in the creation of a stronger connection with the director. The director's actions can be seen as referent power as she is leading by example, creating a more positive workplace culture, which motivates the employees to work harder, be happier, and better at solving problems. As a result, her team becomes more efficient and effective.
Learn more about referent power here:-
https://brainly.com/question/12453678
#SPJ11
comment on the following claim: ‘Price discrimination
always increases economic efficiency relative to what it would be
achieved by a single, uniform monopoly price’.
Price discrimination is a pricing strategy whereby a company sells identical goods to different buyers at different prices. It is often used by monopolies or businesses that have market power in order to increase their profits.
However, whether or not price discrimination always increases economic efficiency relative to what would be achieved by a single, uniform monopoly price is a matter of debate. Price discrimination can increase economic efficiency in some cases by allowing companies to charge higher prices to buyers who are willing to pay more for a good or service while offering lower prices to buyers who are less willing to pay.
This can increase revenue and profits for the company, which can lead to increased investment and innovation. Additionally, price discrimination can increase consumer surplus by offering lower prices to buyers who are less willing to pay, which can increase their access to goods and services.
To know more about Price discrimination please refer:
https://brainly.com/question/25565797
#SPJ11
A hotel's F&B department will host a banquet for 100 guests. The guests are to be charged $75.00 per person for food and $35.00 per person for alcoholic beverages. The service charge for the event will be 20%. What is the amount of food and beverage income (revenue) that will result from hosting this event? a. $13,200 b. $11,000
c. $8,400 d. $16,300
When a hotel's F&B department is going to host a banquet for 100 guests, and the guests are charged $75.00 per person for food and $35.00 per person for alcoholic beverages, the service charge for the event will be 20%. Let's calculate the amount of food and beverage income (revenue) that will result from hosting this event.
So, First, we will calculate the amount of income from the food and beverages sold:$75.00 × 100 guests = $7,500.00 for food$35.00 × 100 guests = $3,500.00 for alcoholic beverages. Then, calculate the total amount of income received before service charge:
Total income from food and beverages = $7,500.00 + $3,500.00 = $11,000.00To find out the amount of income received after the service charge, we will calculate 20% of the total income:20% of $11,000.00 = $2,200.00Now, we will add the service charge to the total income:
Total income + Service charge = $11,000.00 + $2,200.00 = $13,200.00Therefore, the amount of food and beverage income (revenue) that will result from hosting this event is $13,200.
Thus, the option (a) is correct. I hope this helps! More about the F&B department: Food and Beverage (F&B) department is responsible for the management of food service and drinks in hospitality organizations, which includes hotels, pubs, lounges, and eateries. The F&B department is vital for a hotel since it significantly contributes to the success of the hotel. F&B department’s objective is to provide high-quality food and drinks to the guests and customers of the hotel.
Additionally, the department is also responsible for planning and organizing events, including buffets, banquets, and conferences. The department oversees the procurement of raw materials and the preparation and delivery of food and beverages to customers.
To know more about hosting visit :
https://brainly.com/question/32223514
#SPJ11
Standardized, reusable containers have obvious benefits for shipping. What is the purpose of these devices within the plant? Can you think of any other areas where standardization has benefited companies?
To safeguard certain quantities, standardized containers are frequently employed. Additionally, they result in less wasteful space and weight, lower disposal costs, and require less effort to load, unpack, and prepare products.
Reusable containers were first sought in the automobile sector to standardize pack sizes and promote uniformity. It is easier to fit more on the trailer since the same product arrive consistently and no longer had variations in packaging. In the automobile sector, the majority of containers used for shipping are reusable, which also results in considerable cost savings compared to buying throw-away packaging.
There are many different sorts of things that may be shipped in a typical shipping container. The availability of the container for shipment and the location are just two of the numerous variables that affect the price of transporting a container. Although the cost of a shipping container may be lower in a metropolis than in a rural region, delivery costs may still be prohibitive.
Learn more about Packaging here:
https://brainly.com/question/27465093
#SPJ4
For the year just ended (at t=0), Central Georgia Bank (CGB) had net income per share of $6.55 and paid an annual dividend of $4.25 per share. Analysts expect earnings and dividends to grow at 6.70% per year for the foreseeable future. Assume that investors expect a rate of return of 12.00% on CGB stock. Using the constant growth model, what should be the current price of this stock? [Enter your answer with two decimal places. Do not enter a dollar sign ($). For example, enter as: 135.33]
Based on the above, the current price of CGB stock should be about $80.19.
What is the current price?To calculate the current price of Central Georgia Bank (CGB) stock using the constant growth model, we need to use the formula:
Stock Price = Dividend per Share/ Required Rate of Return − Growth Rate
Also written as:
P = D / (r - g)
Where"
Net income per share = $6.55Dividend per share = $4.25Dividend growth rate = 6.70%Required rate of return = 12.00%So, to calculate the current price of CGB stock:
D = $4.25 (dividend per share)r = 12.00% (required rate of return)g = 6.70% (growth rate of dividends)P = $4.25 / (0.12 - 0.067)
P ≈ $4.25 / 0.053
P ≈ $80.19
Therefore, the current price of CGB stock should be about $80.19.
Learn more about current price from
https://brainly.com/question/14363232
#SPJ4
Explain the legal system in British Columbia / Canada and link
with the Starbucks company.
The legal system in British Columbia, Canada operates within the framework of Canadian law, which is based on common law principles. It consists of federal and provincial laws, statutes, and regulations that govern various aspects of civil and criminal matters.
British Columbia has its own provincial court system, which includes trial courts, appellate courts, and the highest court in the province, the British Columbia Court of Appeal.
As for the connection with Starbucks, being a multinational company, Starbucks operates in British Columbia and is subject to the legal system and regulations of the province and the country as a whole. This includes compliance with labor laws, taxation regulations, consumer protection laws, and other relevant legislation that govern business operations.
Starbucks, like any other company operating in British Columbia, must adhere to employment standards, health and safety regulations, and fair business practices outlined in the legal framework. In case of legal disputes or conflicts, Starbucks would be subject to the jurisdiction of the British Columbia courts and would need to follow the established legal processes and procedures.
For more detailed and specific information on the legal system in British Columbia and its connection with Starbucks, it is recommended to refer to legal resources, official government websites, and consult legal professionals familiar with Canadian and British Columbia law.
learn more about Canadian law here:
https://brainly.com/question/30405060
#SPJ11
Sunland Manufacturing incurs unit costs of $7.00 ($5.00 variable
and $2.00 fixed) in making a sub-assembly part for its finished
product. A supplier offers to make 16,700 of the parts for $5.60
per un
Based on the cost analysis, it would be advantageous for Sunland Manufacturing to accept the supplier's offer of producing 16,700 sub-assembly parts for $5.60 per unit.
To determine whether Sunland Manufacturing should make or buy the sub-assembly parts, we need to compare the costs of producing them in-house versus purchasing them from the supplier.
In-house production cost:
Variable cost per unit: $5.00
Fixed cost per unit: $2.00
Total cost per unit: $5.00 + $2.00 = $7.00
Supplier's offer:
Cost per unit: $5.60
Quantity offered: 16,700 units
To calculate the total cost of the supplier's offer, we multiply the cost per unit by the quantity offered:
Total cost from the supplier: $5.60 * 16,700 = $93,520
Comparing the total cost from the supplier with the in-house production cost, we can make the following analysis:
Total cost from the supplier: $93,520
Total cost of in-house production: $7.00 * 16,700 = $116,900
Since the total cost from the supplier, $93,520, is lower than the total cost of in-house production, $116,900, it would be more cost-effective for Sunland Manufacturing to buy the sub-assembly parts from the supplier rather than producing them in-house.
By choosing the supplier's offer, Sunland Manufacturing can save $116,900 - $93,520 = $23,380 in total costs.
for more such questions on supplier's
https://brainly.com/question/14885967
#SPJ11
Land was purchased by issuing common stock. This transaction would be reported on the statement of cash fows as a(n) O A. investing activity. O B. financing activity. O C. noncash investing and financing activity. O D. operating activity
The transaction of purchasing land by issuing common stock would be reported on the statement of cash flows as a: C. noncash investing and financing activity.
The statement of cash flows classifies cash flows into three categories: operating activities, investing activities, and financing activities. Operating activities include cash flows from the company's primary business operations, while investing activities involve cash flows related to the acquisition or sale of long-term assets. Financing activities, on the other hand, include cash flows from activities that raise capital or repay debts. In this case, since land was purchased by issuing common stock, it involves a noncash transaction where no actual cash was exchanged. Therefore, it would be reported as a noncash investing and financing activity on the statement of cash flows.
Learn more about investing activities here: brainly.com/question/13079061
#SPJ11
why are relations between the united states and china so important for the world as a whole? how does the relationship between the two superpowers affect the global economy? what does it mean for the world from a political standpoint?
The relations between the United States and China are crucial for the world due to several reasons.
Both countries are major global powers, and their interactions significantly impact the global economy, security, and political landscape. The economic relationship between the two superpowers is particularly significant. The United States and China are the world's two largest economies, and their trade and investment ties have far-reaching implications. Any disruptions or conflicts in their relationship can lead to ripple effects on the global economy, affecting markets, supply chains, and employment worldwide.The political dynamics between the United States and China shape the global geopolitical landscape. Their interactions influence the balance of power, regional stability, and international cooperation on critical issues such as climate change, nuclear proliferation, and human rights. Cooperation between these two powers is often necessary to address complex global challenges effectively.The United States and China's relationship also sets the tone for other nations, as their actions and policies can influence the behavior of other countries. Tensions or conflicts between the two powers can create divisions within the international community, leading to the formation of alliances and realignments that may have long-term implications for global politics.The relationship between the United States and China carries significant weight for the world. Their economic interdependence and political interactions shape the global economy, influence international cooperation, and set the stage for other nations, making it essential to foster stable and constructive relations between these two superpowers.For more such questions on Crucial
https://brainly.com/question/31810836
#SPJ11
The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 28,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $67,100 consisted of $49,000 of direct materials costs and $18,100 of conversion costs.
During the month, the forming department started 370,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 45% complete as to conversion. Units completed in the forming department are transferred to the painting department.
Cost information for the forming department is as follows:
Beginning work in process inventory $ 67,100
Direct materials added during the month 1,440,600
Conversion added during the month 997,100
1. Calculate the equivalent units of production for the forming department.
Direct Materials
Conversion
2. Calculate the costs per equivalent unit of production for the forming department.
Direct Materials per EUP
Conversion per EUP
3. Using the weighted-average method, assign costs to the forming department’s output—specifically, its units transferred to painting and its ending work in process inventory.
Cost Assignment and Reconciliation
Cost of units transferred out EUP Cost per EUP Total cost
Direct materials 361,000
Conversion 361,000
Total costs transferred out
Costs of ending work in process EUP Cost per EUP Total cost
Direct materials $0.00 0.00
Conversion $0.00 0.00
Total cost of ending work in process
Total costs assigned
1. Equivalent units of production for the forming department Direct materials = Beginning inventory + Direct materials added during the month.
= 28,000 + 1,440,600 = 1,468,600Conversion
= Beginning inventory + Conversion added during the month
= 28,000 + 997,100
= 1,025,100Equivalent units of production
= Units completed and transferred out + Ending inventory * Percentage of completion
= (1,370,000) + (40,000 * 85%) = 1,701,000Direct materials
= (1,370,000) + (40,000 * 85%)
= 1,701,000Conversion = (1,370,000) + (40,000 * 45%) = 1,388,000Therefore, equivalent units of production for the forming department are:Direct materials
= 1,701,000Conversion
= 1,388,0002.
Costs per equivalent unit of production for the forming department Direct Materials Cost per EUP
= Total direct materials cost / Equivalent units of production
= $1,489,600 / 1,701,000
= $0.8752Conversion Cost per EUP = Total conversion cost /Total costs transferred out$2,197,910Costs of ending work in processEUPCost per EUPTotal costDirect.
materials40,000$0.8752$35,008Conversion40,000$0.7311$29,244Total cost of ending work in process$64,252Total costs assigned
= Total cost of ending work in process + Total costs transferred out
= $64,252 + $2,197,910 = $2,262,162Therefore, the total costs assigned to the forming department’s output are $2,262,162.4
To know more about production visit:
https://brainly.com/question/29675824
#SPJ11
one important term that we evaluate in economics is that of scarcity. how does the role of scarcity affect decisions that you have to make?
In economics, the term scarcity is one of the most important. The role of scarcity affects the decisions that we have to make.
Scarcity is a situation in which resources are limited, but human wants are infinite. Because resources are limited, we must make decisions about how to allocate them.
The choices that we make will determine how resources are used and which wants are satisfied.For instance, an individual may have limited funds and must choose between purchasing groceries or new shoes. The decision to purchase groceries may be a necessity as food is needed to survive.
However, the individual may also want to buy new shoes. In this situation, the individual must evaluate the opportunity cost of their decision.
Learn more about scarcity at:
https://brainly.com/question/32474632
#SPJ11