Prices οf Bοnd X and Bοnd Y in 13 years (at maturity): Bοnd X: $1,552.70, Bοnd Y: $600.00 (its price at maturity will be equal tο its face value)
Hοw dο bοnds wοrk?A bοnd is a type οf security that is used by businesses οr gοvernments tο bοrrοw mοney frοm investοrs. Bοnds are anοther name fοr fixed incοme securities. An investοr lends mοney tο a bοrrοwer, like a business οr the gοvernment. In essence, gοvernments and businesses issue bοnds when they need tο raise mοney. They frequently bοrrοw mοney using bοnds.
Evaluating:
Tο calculate the price οf each bοnd tοday, we can use the bοnd pricing fοrmula:
Price οf bοnd = (Cοupοn payment / (1 + YTM/2)ₜ) + (Cοupοn payment / [tex](1 + YTM/2)^{(t+1)})[/tex] + ... + (Cοupοn payment + Face value / [tex](1 + YTM/2)^{(n\cdot 2)})[/tex]
Where,
(Cοupοn rate × Face value) / 2 represents the cοupοn payment.
YTM = Yield tο maturity
t = Number οf semiannual periοds until the next cοupοn payment
n = Number οf semiannual periοds until maturity
Fοr Bοnd X:
Cοupοn payment = (6.8% × $1,000) / 2
= $34
YTM = 6.2% / 2 = 3.1%
t = 1 (since it makes semiannual payments)
n = 13× 2
= 26
Price οf Bοnd X tοday = ($34 / (1 + 0.031)¹) + ($34 / (1 + 0.031)²) + ... + ($34 / (1 + 0.031)²⁶) + ($1,000 / (1 + 0.031)²⁶)
= $1,137.44
Fοr Bοnd Y:
Cοupοn payment = (6.2% × $1,000) / 2
= $31
YTM = 6.8% / 2 = 3.4%
t = 1 (since it makes semiannual payments)
n = 13× 2 = 26
Price οf Bοnd Y tοday = ($31 / (1 + 0.034)¹) + ($31 / (1 + 0.034)²) + ... + ($31 / (1 + 0.034)²⁶) + ($1,000 / (1 + 0.034)²⁶)
= $887.91
If interest rates remain unchanged, the price οf Bοnd X and Bοnd Y οne year frοm nοw will be:
Fοr Bοnd X:
Cοupοn payment = (6.8% × $1,000) / 2 = $34
YTM = 6.2% / 2 = 3.1%
t = 1 (since it makes semiannual payments)
n = 12× 2
= 24
Price οf Bοnd X in οne year = ($34 / (1 + 0.031)¹) + ($34 / (1 + 0.031)²) + ... + ($34 / (1 + 0.031)²⁴) + ($1,000 / (1 + 0.031)²⁴)
= $1,151.94
Fοr Bοnd Y:
Cοupοn payment = (6.2% × $1,000) / 2
= $31
YTM = 6.8% / 2
= 3.4%
t = 1 (since it makes semiannual payments)
n = 12 × 2
= 24
Price οf Bοnd Y in οne year = ($31 / (1 + 0.034)¹) + ($31 / (1 + 0.034)²)+ ... + ($31 / (1 + 0.034)²⁴) + ($1,000 / (1 + 0.034)²⁴)
= $901.43
Similarly, the prices οf Bοnd X and Bοnd Y in three years, eight years, 12 years, and 13 years (at maturity) can be calculated using the same fοrmulas by adjusting the values οf t and n accοrdingly:
Prices οf Bοnd X and Bοnd Y in three years:
Bοnd X: $1,175.23
Bοnd Y: $842.95
Price οf Bοnd X and Bοnd Y in eight years:
Bοnd X: $1,364.15
Bοnd Y: $731.60
Prices οf Bοnd X and Bοnd Y in 12 years:
Bοnd X: $1,530.50
Bοnd Y: $617.44
Prices οf Bοnd X and Bοnd Y in 13 years (at maturity):
Bοnd X: $1,552.70
Bοnd Y: $600.00 (since it is a discοunt bοnd, its price at maturity will be equal tο its face value)
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Suppose that Great Britain is a major export market for your firm, a U.S. based MNC. If the British pound depreciates against the U.S. dollar, a. Your firm will be able to charge more in dollar terms while keeping pound prices stable b. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. d. b and c) are both correct.
If the British pound depreciates against the U.S. dollar, it means that the pound is weaker relative to the dollar. This can have several implications for a U.S. based MNC that exports to Great Britain:
d. b and c) are both correct.What happens to the MNC when British pound depreciates against the U.S. dollarb. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. If the pound depreciates, it means that it will take more pounds to buy the same amount of dollars. This can make U.S. goods more expensive in the U.K. market, which can reduce demand and market share.
c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. If your firm wants to maintain its market share in Great Britain, it may have to lower its dollar prices to keep its pound prices stable. This can reduce profit margins, but it can help maintain sales volume.
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If a company which is included in the OEX pays a stock dividend, which of the following is true regarding the index option contract?I There is a reduction in the index valueII The index value remains the sameIII There is an increase in the number of shares covered by the contractIV The contract multiplier remains the sameAI and IIIBI and IVCII and IIIDII and IV
The Best answer is D. Stock indexes are not reduced for stock splits, stock dividends, or cash dividends. Since the aggregate value of all of that company's shares is included in the index, a stock split or dividend has no effect.
In economics, stock refers to a type of financial asset that represents a claim on a portion of a company's ownership. A stock, also known as a share, represents fractional ownership in a corporation, and the holder of the stock is entitled to a portion of the company's profits and assets.
Stocks are traded on stock exchanges and the price of the stock fluctuates based on the demand and supply in the market. Investors purchase stocks with the expectation of earning a return on their investment through an increase in the stock price or through dividends paid by the company. The issuance and trading of stocks are an important part of a country's economy as it provides companies with the opportunity to raise capital and expand their operations.
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on january 1, 2025, hi and lois company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. the bonds provide the bondholders with a 10% yield. they are dated january 1, 2025, and mature january 1, 2030, with interest received on january 1 of each year. hi donald e. kieso; jerry j. weygandt; terry d. warfield. intermediate accounting, 18th edition (p. 16-58). kindle edition.
Part a. Journal entry for the date of bond purchase is made.
Part b. Bond amortization schedule is prepared.
Define the term Bond amortization schedule?In a table known as a bond amortization schedule, the amount of interest paid, interest accrued, and discount as well as premium amortization for a bond are all displayed for each subsequent period. Bond issuers frequently utilize the table to help them account for all these instruments throughout time.Part a. Journal entry for the date of bond purchase.
Bonds purchased at premium - January 1, 2020,
Dr Bonds receivable - 300,000
Dr Premium on bonds receivable - 22,744.44
Cr Cash 322,744.44
Part b. Bond amortization schedule.
Date Interest Cash Premium Unamortized Carrying
revenue received amortization premium value
1/1/20 - -322,744.44 - 22,744.44 277,255.56
1/1/21 32,274.44 36,000 3,725.56 19,018.88 280,981.12
1/1/22 31,901.89 36,000 4,098.11 14,920.77 285,079.23
1/1/23 31,492.08 36,000 4,507.92 10,412.85 289,587.15
1/1/24 31,041.23 36,000 4,958.77 5,454.08 294,545.92
1/1/25 30,545.92 336,000 5,454.08 0 0
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The correct question is-
On January 1, 2020, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Hi and Lois Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
Instructions
a. Prepare the journal entry at the date of the bond purchase.
b. Prepare a bond amortization schedule.
Please rank these in order of riskier investments (meaning start from low risky, to high risky investments):
- Commodities
- Company shares
- Foreign exchange
- Please answer with a detailed explanation and sufficient proofs, otherwise, your answer will be rejected automatically.
By the risk of investment foreign exchange is considered as the highest than commodities and then company shares.
How foreign exchange has the highest investment risks?It is regarded as the riskiest of the 3 investments because currency prices can vary quickly and are susceptible to a wide range of events, including political unrest and changes in interest rates.
Describe foreign exchange.The act of converting one currency into a different one at a predetermined rate defined as the foreign exchange market is known as foreign exchange (Forex or FX). The market dynamics of demand and supply determine the fluctuating exchange rates for practically all currencies.
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Our class is designed around the ________________ approach to marketing research which is seen as a complement to the ongoing/ information systems approach to marketing research.
Simply said, marketing research is a type of activity that uses information to link the marketer with consumers, customers, and the general public.
The six processes that make up the marketing research process are problem identification, problem formulation, formulation of the research design, fieldwork, preparation and analysis of the data, and report development and presentation. The data is utilized to identify and categories marketing possibilities and issues. It is also used to develop, improve, and assess marketing initiatives, as well as track marketing results. It contributes to a better comprehension of marketing as a process. The following steps are part of the marketing research process; Step 1: Define the issue. Step 2: Create a solution strategy for the issue. Step 3: Formulating the research design. Step 4: Data collection or fieldwork. Step 5: Gathering and Analyzing Data. Step 6: Writing and presenting the report.
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In the following situation, indicate what type of unemployment Melanie is facing. Is it frictional, structural or cyclical? When Melanie and her co-workers refused to accept pay cuts, her employer outsourced her programming tasks for workers in another country. This phenomenon is occurring throughout the programming industry. Melanie is experiencing ____ unemployment. O cyclicalO structuralO frictional
Option B is correct, Melanie is experiencing structural unemployment.
When an industry undergoes a significant transformation that pushes its employees off the job market, structural unemployment results. In the extract, the structural change involves the way employers look for employees. In order to obtain lower-cost labour, they decide to outsource the employment to developing nations. Melanie was so forced to leave the workforce.
Unemployment that is temporary refers to a type of unemployment that is brought about by an individual's personal preferences rather than by outside forces. Our understanding of Melanie's unemployment from the passage is that she turned down many job opportunities.
Because of the country's overall poor economic state, cyclical unemployment occurs. As a result, there was a sharp decline in market demand for goods, which led to many companies being compelled to lay off workers since they couldn't afford to pay them.
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identifying and profiling the first customer, estimating potential demand from that customer, and identifying subsequent customer segments and needs to grow the company are goals of market research for .
The correct answer to the question above is "market research for a new company."
These are the goals of market research for a new company:identifying and profiling the first customerestimating potential demand from that customeridentifying subsequent customer segments needs to grow the companyMarket research is the process of determining the viability of a new service or product through research. The researcher used to gather information and better understand a company's target market.Learn more about market research at: https://brainly.com/question/28590582
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FILL IN THE BLANK. _____ are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership. group of answer choices
In order to employ collective ownership to gain greater economies of scale and economic power, cooperatives are groups formed by people or businesses with similar objectives.
What sort of business are cooperatives?A cooperative's organizational structure can be characterized as being based on democratic principles, wherein both the owners of the business and the members make decisions.
As a result, in this company, members pick a board of directors from among themselves to govern their cooperative.
Therefore, cooperatives are enterprises or organizations founded by people with shared objectives in order to leverage collective ownership to achieve greater economies of scale and economic power.
What does a company organization look like?A business organization is an entity established for the purpose of carrying on business. Such a structure is founded on the laws controlling business incorporation, property rights, and contract and exchange systems.
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which of the following would be considered to be an operating expense for a computer manufacturing firm? question 28 options: accountant's wages assembly line wages disk drives memory chips speakers\
Assembly line wages would be considered an operating expense for a computer manufacturing firm; so the correct option is 'B'.
Operating expenses are the day-to-day expenses incurred by a business to keep it running, and they are directly related to the production and sale of goods or services. Assembly line wages are part of the labor costs associated with the production process, which is an essential part of the business's operations.
In contrast, accountant's wages would be considered an administrative expense, and the cost of disk drives, memory chips, and speakers would be considered the cost of goods sold or the cost of goods manufactured.
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Which of the following is an asset?a. Mortgage payableb. Investmentsc. Common stockd. Retained earnings
Money invested by the business's owner is what makes up owner's equity. Plus, the earnings of the business since its commencement.
Prepaid insurance is insurance that has been paid in full in advance, leaving the company with a receivable since the payment is not yet due. With time, it will be charged to an expense account. Notes; Liabilities and capital contra accounts are categorized as Payable, Unearned Revenue, and Owner Withdrawals. As a result, choice C—prepaid insurance—is accurate. The four components that go into calculating shareholders' equity are outstanding shares, additional paid-in capital, retained earnings, and treasury stock. An organization has enough resources to cover its liabilities on the off occasion that investors view it favorably. Owner's equity is made up of funds that the business's owner has invested. Additionally, the company's earnings since it started.
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In the strategic groups discussed in the preceding pharmaceutical case, each of the following is a differential relevant to the proprietary group of firms except which one?
Multiple Choice
very low percentage of "winning" drug discoveries
focus on the discovery and development of new drugs
patent protection for drugs making it to the marketplace
large R&D expenditures
large-scale manufacturing
In the strategic groups discussed in the preceding pharmaceutical case, the differential that is not relevant to the proprietary group of firms is "large-scale manufacturing." Therefore the correct option is D.
The proprietary group of firms is characterized by a focus on the discovery and development of new drugs, patent protection for drugs making it to the marketplace, large R&D expenditures, and a very low percentage of "winning" drug discoveries. These firms are not typically involved in large-scale manufacturing, as their focus is on the research and development of new drugs. Therefore, "large-scale manufacturing" is not a relevant differential for the proprietary group of firms.
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Which of the following is the most relevant internal psychological process associated with the problem recognition stage of the consumer decision-making process?
motivation
A: Motivation is the most relevant internal psychological process associated with the problem recognition stage of the consumer decision-making process.
Problem recognition occurs when a consumer becomes aware of a discrepancy between their current state and their desired state. This awareness creates a need or want that motivates the consumer to take action to resolve the problem. Motivation is the driving force behind problem recognition, as it energizes the consumer to search for solutions and consider different options. Other internal psychological processes such as perception, learning, and attitudes may also play a role in this stage, but motivation is the most relevant as it triggers the need recognition process.
"
Complete question
Which of the following is the most relevant internal psychological process associated with the problem recognition stage of the consumer decision-making process?
A: Motivation
B: Perception
C: Learning
D: Attitudes
"
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a combination of activities that represent everything a firm can do to influence demand for its good, service, or idea; often referred to as the four Ps of marketing.
The combination of activities that represent everything a firm can do to influence demand for its good, service, or idea is often referred to as the "four Ps of marketing."
The four Ps are product, price, promotion, and place.
Product refers to the features, design, quality, packaging, and branding of the product or service.Price refers to the amount the customer pays for the product or service.Promotion refers to the various ways in which the product or service is advertised and communicated to the customer, including advertising, sales promotion, public relations, and personal selling.Place refers to the channels through which the product or service is distributed and sold, including online, retail stores, wholesalers, or direct sales.By manipulating these variables, firms can create a marketing mix that is tailored to the needs and preferences of their target market and maximize the chances of success for their product or service.
"
Complete question
a combination of activities that represent everything a firm can do to influence demand for its good, service, or idea; often referred to as _____ .
"
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true/false. Let an investor be considering two risky portfolios: A and B to construct a complete portfolio C with a risk-free asset. The reward-to-variability ratio of portfolio A is 0.12 and reward to variability ratio of portfolio B is 0.14.
A. Higher reward-to-variability ratio of portfolio B implies that its capital allocation line has a lower slope than that for the capital allocation line for A.
Let's say an investor is thinking about combining two hazardous portfolios, A and B, with a risk-free asset to create portfolio C. Portfolio A has a reward-to-variability ratio of 0.12, whereas portfolio B has a reward-to-variability ratio of 0.14. This statement is false.
The reward-to-variability ratio is a measure of the expected return per unit of risk of a portfolio. In this scenario, portfolio B has a higher reward-to-variability ratio than portfolio A, which means that it is expected to generate a higher return per unit of risk than portfolio A.
The capital allocation line (CAL) is a graphical representation of the risk-return tradeoff for a combination of risky assets and risk-free assets. The slope of the CAL represents the reward-to-variability ratio of the optimal risky portfolio. Therefore, a higher reward-to-variability ratio implies a steeper slope of the CAL, not a lower slope as stated in the statement.
In this case, since portfolio B has a higher reward-to-variability ratio than portfolio A, its CAL would have a steeper slope than that of portfolio A. This means that the optimal combination of portfolio B and the risk-free asset would have a higher expected return per unit of risk than the optimal combination of portfolio A and the risk-free asset.
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e) describe two economic impacts (excluding costs related to climate change resulting from co2 emissions or the cost of gasoline at the pump) that result from an increased number
The melting of ice sheets, the collapse of the Asian monsoon, and rising sea levels are the other tipping points.
The Tripping Point in a climatic system is a threshold that is exceeded and can result in changes in the state of the system. Examples of potential points include those of the physical climatic system, such as the global carbon cycle, and these include changes in land use and global oceanography as well as the integrity of biodiversity. The carbon cycles, rising temperature records, and geologically quick rates of climate change are all factors that contribute to the atmospheric tripping point. Due to an increase in CO2 emissions, which in turn is leading to an increase in greenhouse gases, this is reflecting on the planet's heat and temperature records.
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select the group of items that can be determined using information. multiple choice question. the best-selling product by month compared to sports season and city team wins and losses the full list of products on shelves that are about to expire. the best-selling product, best customer, and worst-selling product
The answer is all of the above can be determined using information as business intelligence.
What is the greatest way to define business?A company or inventive entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit or nonprofit enterprises. Limited liability companies, sole proprietorships, corporations, and partnerships are all different sorts of businesses.
What is a business basic definition?A business is an entrepreneurial entity or organization that engages in professional activities. They might be industrial, commercial, or something else. Businesses that are for profit operate with the goal of making a profit, whereas those that are nonprofit operate with a charity purpose in mind.
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consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects ________
Consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects work in the same direction to increase quantity demanded.
A demand curve is a graphical representation of the relationship between the price of a product and the quantity demanded by consumers. It is a downward-sloping curve that shows how much consumers are willing to buy at different price points. As the price of a product decreases, the quantity demanded increases, and as the price increases, the quantity demanded decreases.
The demand curve is based on the principle that as the price of a product decreases, consumers are more willing to buy, leading to an increase in demand. Conversely, as the price increases, demand decreases. The demand curve helps businesses determine the optimal price to set for their products and services to maximize profits while meeting consumer demand,
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TRUE/FALSE. Step 3 of the revenue recognition model requires that the seller set the price of the sale at the amount the seller expects to receive from the customer.
True the third step of the revenue recognition model requires that the seller set the price of the sale at the amount the seller expects to receive from the customer which is known as transaction price.
What is revenue recognition model ?
The revenue recognition model is a set of accounting principles that outlines how and when revenue should be recognized or recorded in a company's financial statements.
It is important because revenue recognition affects a company's reported financial results, and incorrect revenue recognition can lead to misleading financial statements.
It is true that the third step in this process is determining the transaction price.
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it is easier for a foreign firm to do business in which of the following country among others? group of answer choices japan brazil chile england
The answer is England, with a percentage of 83.5% in regards to ease of doing business, it is easier for a foreign firm to do business in England.
Which definition of business fits the bill the best?As an organization or enterprising entity engaged in commercial, industrial, or professional activity, a business is, by definition, such. Businesses can be either for-profit corporations or nonprofit institutions. In addition to sole proprietorships, corporations, and partnerships, limited liability firms are another type of business.
What does business actually stand for?A business's goal is to provide value to consumers, who then exchange that value for money or other acceptable forms of payment. The funds should, at the very least, cover the owner's basic necessities and the expenditures of running the business.
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the department of public works (dpw) is
A. an enterprise fund providing solid waste management services and education programs to kent and surrounding counties. B. established by the board of commissioners and overseen by the board of public works, the department has two divisions: administration and solid waste operations.
C. the solid waste division has four primary functions: recycling and resource recovery, waste to energy, landfill and transfer station, and closed landfill remediation and environmental compliance. D. dpw administration provides support to the solid waste division through accounting, communications, and reporting.
A. Kent and the surrounding counties receive solid waste management services and activities from the department of public works (dpw), an enterprise fund.
What function does the Department of Public Works perform?The national Department of Public Works (DPW) creates and upholds laws and ordinances governing the built environment and the usage of fixed assets in the public sector.
What does a public works director do?A comprehensive public works program should be managed and directed. Organize, implement, and maintain departmental objectives, goals, and policies. Make necessary revisions based on an analysis and assessment of programs, policies, and operational requirements. Identify delicate issues, concerns, and needs that exist in the community and inside organizations.
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Now suppose that a contract that specifies an exact amount of work e cannot be written, for example because the landowner is not able to continually observe the farmer to see if she is working. The landowner, instead offers the farmer a share contract, according to which the farmer gets to keep a part of the production for herself. The income of the farmer is now equal to the part of the produce that the farmer will be able to keep. So the farmer's income is equal to y=sx, where s is the share that she gets to keep, and so 0
The farmer's utility function can now be written as [tex]\mathrm{U = sx - 1/2 e^2}[/tex].
What is utility function?The advantages attained or satisfaction felt as a result of using products or services are referred to as utility. The utility function quantifies the preferences that consumers have when consuming goods and services. For instance, if a customer prefers apples to oranges no matter how much is consumed, the utility function could be written as U(apples) > U. (oranges).
The utility function prioritises consumer preferences when ranking their consumption of goods and services. The difference in utility when the rate of consumption changes is measured by marginal utility (i.e., how much more satisfaction is gained by consuming another unit of a good or service).
We had the formula
[tex]\mathrm{U = Y - 1/2 \ e^2}[/tex]
But here given that y = sx
So substitute the the value and we have
[tex]\mathrm{U = sx - 1/2 e^2}[/tex]
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Complete question:
Ariana asks Selena if she can borrow a dress for an upcoming date that she has. Selena agrees to let Ariana borrow the dress. When Ariana comes to Selena's house to select a dress, Selena refuses to give it to her. Which of the following statements is true of this situation?
A. Selena does not have to allow Ariana to borrow the dress because a bargained for exchange has not occurred.
B. Ariana has committed a breach of contract.
C. Selena has made a promise to Ariana, so she must loan her the dress.
D. Ariana has made a counteroffer, which terminates the contract.
E. All of the required elements to form a valid contract are present, so Selena and Ariana have entered into a binding contract.
The following statement is true of this situation: A. Selena does not have to allow Ariana to borrow the dress because a bargained for exchange has not occurred.
What is contract?For a contract to be legally binding, there must be a bargained-for exchange between the parties involved. In this situation, Selena has agreed to let Ariana borrow the dress, but the exchange has not yet taken place.
Without an exchange, there is no consideration, and therefore, no valid contract has been formed. As a result, Selena is not obligated to loan the dress to Ariana.
Therefore the correct option is A.
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A summary with estimates as to when, where, and how much money will come into and go out of a business
A summary of a business's estimates of when, where, and how much money will come into and go out of the business is known as a 'cash flow forecast'.
Cash flow forecast is a projection of the expected inflows and outflows of cash over a given period, usually a month, quarter, or year. The forecast typically includes all sources of cash inflow, such as sales revenue and investments, and all expected outflows, such as salaries, rent, and loan payments.
By analyzing the cash flow forecast, a business can identify potential cash shortages and take steps to address them before they become a problem. This helps businesses to better manage their finances, make informed decisions about investments, and plan for future growth.
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Which of the following statements about functional strategy is BEST?
A) Functional strategies are not impacted by the mission statement; instead they are impacted by the overall business strategy.
B) Functional strategies determine the overall business strategy.
C) Many functional-level strategies could readily be described as cross-functional.
D) A firm's operations and supply chain strategy is more important than their marketing, finance and engineering strategies
Cross-functionality might easily be used to several functional-level techniques. (Choice c)
What does the term "functional strategy" mean?The method a business functional uses to accomplish corporate and company unit goals and plans by maximising resource productivity is known as a functional strategy. It deals with a somewhat constrained plan that lays out the goals for a certain business function. Different functional domains in an organisation are addressed by a functional strategy. These include finance, marketing, and technology. The functional level strategy of an organisation determines its success. Each department in your business, whether it be production or advertising, should cooperate with each other.
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ou are required to prepare Cash Book Exercise The following transaction Jun 01 Cash med by The P&O LLC company during the month of June 2018 (debt balance) ved from him $25. Co by check $1,175, do Jun 05 Received from David & Co a check amounting to saod, decount allowed to him $10. * chased stationary for cash $170 Jun 15 cash, $1,200 Jun 15 Cash sales for brst half of the month, 12.450 $1.250 Jun 16: Deposted * Jun 18 Wendrawn from bank for personal expenses $100 Jun 19 issued a check amounting to $1,630 to James & Co and discount received from him $20. Jun 21 Drew from bank use, $420 Purchased Jun 24 Received a check mounting to $1.435 from Herry & Co and allowed him a discount of $15. Henry's check was deposited into bank immediately Jun 25 Paid a check to Jacob inc amounting to $385 and received a discount of $15 Jun 27: Bought furniture for cash for office use. $380 Jun 29 Paid office Jun 30 Cash by check $350 for the second half of the month $4.550. * * Jun 30: Paid salaries by check $760 * Jun 30: Withdrew from bank for office use $470. Record the above transactions in a cash book of P&G LLC and balance the cash book.Record the above transactions in a cash book of P&GLLC and balance the cash and bank columns of the cash book
The cash and Bank balances of P&GLLC are $1905 and $0 respectively.
What do we record in the cash book?All cash transactions are meticulously recorded in a cash book in accounting. Contrast this with a cash account, which is an account that may be found in a general ledger. While a cash book can function as both a diary and a ledger, a cash account is more like a ledger in structure.
Given
The following transaction Jun 01 Cash med by The P&O LLC company during the month of June 2018 (debt balance) ved from him $25. Co by check $1,175, do Jun 05 Received from David & Co a check amounting to said, discount allowed to him $10. * chased stationary for cash $170 Jun 15 cash, $1,200 Jun 15 Cash sales for the first half of the month, 12.450 $1.250 Jun 16: Deposited * Jun 18 Wendrawn from the bank for personal expenses $100 Jun 19 issued a check amounting to $1,630 to James & Co and discount received from him $20. Jun 21 Drew from bank use, $420 Purchased Jun 24 Received a check amounting to $1.435 from Herry & Co and allowed him a discount of $15. Henry's check was deposited into the bank immediately Jun 25 Paid a check to Jacob inc amounting to $385 and received a discount of $15 Jun 27: Bought furniture for cash for office use. $380 Jun 29 Paid office Jun 30 Cash by check $350 for the second half of the month $4.550. * * Jun 30: Paid salaries by check $760 * Jun 30: Withdrew from the bank for office use $470. Record the above transactions in a cash book of P&G LLC and balance the cash book.
Required to calculate the cash book of P&GLLC and balance the cash and bank columns of the cash book.
The Following calculation is shown in the file given attached below.
Thus, the cash and Bank balances of P&GLLC are $1905 and $0 respectively
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The difference between a Long Care Partnership Plan and a Non-Partnership Plan is which of the following?- Pre-existing conditions- Level of benefits- Assets protection- Elimination period
The difference between a Long Care Partnership Plan and a Non-Partnership Plan is - Assets protection.
What exactly does asset protection entail?Financial planning often includes an asset protection strategy to shield one's assets from creditors' claims. In compliance with debtor-creditor legislation, both private individuals and corporate entities use asset protection strategies to restrict creditors' access to certain valued assets.
Asset protection is a corpus of statutory and common law that deals with defending the assets of people and corporate entities against civil money judgments. It consists of a number of legal strategies. Asset protection planning's objective is to shield assets from claims made by creditors without lying or evading taxes.
What kinds of things are protected assets?Among the most widely used asset protection techniques are limited liability companies, limited family partnerships, asset protection trusts, offshore trusts, tenancy by the entirety, and the transfer of property ownership.
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The headline in an independent paper that services a large metropolitan area stated that 33% (p=0.33) of houses cost more than $300,000. Sayed read the headline and decided to compute a confidence interval for the proportion of all houses in that area that cost more than $300,000. His 99% confidence interval was based on a simple random sample of 100 houses from the area, and the limits of the interval were from 0.27 to 0.29. Select the statement that represents the correct interpretation of the confidence interval. 99% of houses sampled from the metro area will cost between $270,000 and $290,000. Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%. Between 27% and 29% of houses sampled in the metro area will cost more than $300,000. There is a 99% chance that the proportion of houses that cost more than $300,000 is between 27 % to 29%. Sayed is certain that the true proportion of houses that cost more than $300,000 is between 27% to 29%.
The correct interpretation of the confidence interval is: Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%.
A confidence interval is a range of values which are used to estimate an unknown population parameter based on a sample of data.
In this case, Sayed used a simple random sample of 100 houses from the metropolitan area to estimate the proportin of all houses in the area that cost more than $300,000.
The 99% confidence interval that Sayed calculated was from 0.27 to 0.29, it means that if Sayed repeated his sampling many times and calculated a 99% confidence interval each time, then about 99% of those intervals would contain the true proportion of houses in the area that cost more than $300,000.
Therefore, it can say that Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%. Note that this interpretation does not mean that 99% of houses sampled from the metro area cost between $270,000 and $290,000 or that there is a 99% chance that the proportion of houses that cost more than $300,000 is between 27% to 29%.
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There is only one labor market in Profunctia. All workers have the same skills, and all firms hire workers with these skills. Use the accompanying diagram, which shows the supply of and demand for labor, to answer the following questions.
What is the equilibrium wage rate in Profunctia?
The equilibrium wage rate in the labor market of the Profunctia for all workers of $10. The point where labor supply and demand converge is the equilibrium price wage rate.
Explain the term equilibrium wage rate?Up until the moment where the additional expense of employing someone equals the additional sales generated by selling their output, employees are recruited.
The concept of equilibrium wages is intimately connected to supply and demand forces in the market. As we have already shown, in fully competitive markets, supply and demand decide how much a good or service costs. The labor markets still hold true to this instance. According to the supply and demand for labor, wages change.Employment and equilibrium salaries are directly related in a market that is competitive. In such a perfectly competitive economy, the intersection of the labor supply and demand curves represents the pay equilibrium. According to traditional economic theory, the employment rate will be at its highest if salaries are entirely flexible. In addition to structural and cyclical unemployment, flexible wage rates guarantee that everyone in society has a job.Thus, the equilibrium wage rate in the labor market of the Profunctia for all workers of $10.
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FILL THE BLANK When Pizza Company sells three $100 gift cards at the beginning of the month, it should record a $300 debit to _____ and a $300 credit to _____.
When Pizza Company sells three $100 gift cards payable at the beginning of the month, it should record a $300 debit to cash and a $300 credit to deferred revenue.
Accounts payable is a balance sheet item with a typical credit balance that is represented on the liability side of the balance sheet. It aids users of the financial statement in understanding the trade creditors of the company.
A current liability account called accounts payable is used to track any money you owe to other people. Banks, company, or even a person you borrowed money from could be considered third parties.
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Tell the two most important conditions required for osmosis by completing this statement: Osmosis will occur for a given cell if ______________ and if __________________.
c) Give general meanings of isotonic, hypotonic and hypertonic, not specific to cells.
d) Complete each statement below:
A 2 M solution of substance S is ______________ to a 1 M solution of S.
A 25% solution of substance S is ______________ to a 43% solution of S.
A 4 mg/ml solution of substance S is ______________ to a 4 mg/ml solution of
The differential in solute content on each side of the cell membrane and the membrane's need to be selectively permeable are the two most crucial requirements for osmosis.
The differential in solute content on each side of the cell membrane and the membrane's need to be selectively permeable are the two most crucial requirements for osmosis.
c) Isotonic refers to a situation in which a membrane's solute concentration is the same on both sides. Hypotonic indicates that water moves into a cell or membrane when the concentration of solutes is lower outside of the cell or membrane. d) Substance S is hypertonic to a solution at a concentration of 2 M. To a 43% solution of substance S, a 25% solution of S is hypotonic. An S solution at 4 mg/ml is isotonic with a S solution at 4 mg/ml.
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