Jawaban
Bookeeping involves the recording, on a regular basis, of a company's financial transactions. ... With proper Bookkeeping, companles are able to track all information on its books to make key operating, investing, and financing decisions. Bookkepers are individuals who manage all financial data for companies.
Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $4 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 8.0%. What is Ford's weighted average cost of capital if its tax rate is 30%
Answer:
Explanation:
Cost of equity (Re) = Risk free rate + Equity rate*Market risk premium
Cost of equity (Re) = 0.03+(1.7*0.08)
Cost of equity (Re) = 0.03 + 0.136
Cost of equity (Re) = 0.166
Cost of preferred stock (Rpfd) = Dividend/stock price
Cost of preferred stock (Rpfd) = 4/30
Cost of preferred stock (Rpfd) = 0.1333
==> 6 billion + 2 billion + 13 billion = 21 billion
Debt % = 13 billion / 21 billion = 0.619 \
Equity % = 6 billion / 21 billion = 0.286
Preferred stock % = 2 billion / 21 billion = 0.095
Debt capital (Rd) = Its comes from yield to maturity of 8%
Tax rate= 30%
WACC = Re*E% + Rpfd*P% + Rd(1-Tc)D%
WACC = (0.166)*(0.286) + (0.1333)*(0.095) + (0.08)*(1-0.3))*(0.619)
WACC = 0.047476 + 0.0126635 + 0.034664
WACC = 0.0948035
WACC = 9.48%
So, Ford's weighted average cost of capital is 9.48%
Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to the nearest whole percent.) Maturity (years) Price of Bond 1 $ 943.40 2 898.47 3 847.62 4 792.16
Answer:
Bond 1 : 4.38%
Bond 2 : 5.91%
Bond 3 : 6.07%
Bond 4 : 7.21%
Explanation:
The face value of the bond is assumed to be $1,000
Price of Bond 1 : 943.40 = 1000 / (1 + x1) ^1
x1 = 4.38%
Price of Bond 2 : 898.47 = 1000 / (1 + x1) ^2
x1 = 5.91%
Price of Bond 3 : 847.62 = 1000 / (1 + x1) ^3
x1 = 6.07%
Price of Bond 1 : 792.16 = 1000 / (1 + x1) ^4
x1 = 7.21%
假設你目前正經營一項事業，你預計將在海外開設一個營運據點。 1. 請自行設定你的事業內容，並予以說明。 2. 請自行設定你預計在海外何處開設營運據點，以及營運據點的功能為何（如負責銷售或生產）。請說明你的設定，以及解釋為何選擇在該國設置據點。 3. 請蒐集資料分析在你所選擇的國家設置營運據點，在營運時，可能需要注意的政治風險有哪些，對你的事業可能會產生什麼樣的影響？ ※政治風險包含的層面很廣，包含當地政府對於資金匯回的管制、匯兌管制、對污染及勞工權益的態度、對外國企業的額外賦稅規定、當地消費者的態度（如傾向於買國貨）、當地政府的運作不效率或腐敗，以及戰爭等。
the question is
Suppose you are currently running a business and you expect to open an operating base overseas. 1. Please set your own business content and explain it. 2. Please set yourself where you plan to open an operation base overseas and what the functions of the operation base are (such as responsible for sales or production). Please explain your settings and explain why you chose to set up a base in this country. 3. Please collect data and analyze the establishment of an operating base in the country of your choice. What are the political risks that you may need to pay attention to when operating, and what impact may it have on your business? ※Political risks include a wide range of levels, including local government's control of fund repatriation, exchange control, attitudes to pollution and labor rights, additional tax regulations for foreign companies, and local consumers' attitudes (such as tending to buy domestic products) , Inefficiency or corruption of local government operations, and wars.
Which of the following is NOT one of Modigliani and Miller's set of conditions referred to as perfect capital markets?
A. All investors hold the efficient portfolio of assets.
B. There are no taxes, transaction costs, or issuance costs associated with security trading.
C. A firm's financing decisions do not change the cash flows generated by its investments, nor do they reveal new information about them.
D. Investors and firms can trade the same set of securities at competitive market prices equal to the present value of their future cash flows.
Answer:
c
Explanation:
here are their assumptions
All expectations on expected cash flows are homogenous bonds and shares are traded in perfect markets - there are no transaction costs. two investments with identical cash flows, terms and risk must trade at the same price investors can borrow and lend at the risk free rate there are no agency cost investing and financing decisions are independent of each otherThe option, NOT one of Modigliani and Miller's set of conditions often referred to as perfect capital markets, is A. All investors hold the efficient portfolio of assets.
Modigliani and Miller's theory is based on the assumptions that there are no taxes, transaction, issuance, and bankruptcy costs in security trading. It relies on the symmetry of market information and the same borrowing cost for investors and companies. These assumptions do not apply in the real world.
Thus, the wrong option is A. All investors hold the efficient portfolio of assets.
Learn more about Modigliani and Miller's set of conditions here: https://brainly.com/question/15580530
Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is planning to begin producing electric vehicles that are equipped with fully autonomous driving technology in two years. Jon is concerned that customers in Spain are not receptive to fully autonomous cars as recent country-wide research shows that the company ranks 17th (out of 20 countries surveyed) on the autonomous vehicle readiness index. Customers in Spain do not seem to be willing to adopt these technologies yet. Which of the following PESTEL dimensions should Jon most closely follow in order to assess whether customers' attitudes towards autonomous technologies will begin to change in the near future?
a) Technological
b) Economic
c) Sociocultural
d) Ecological
e) Legal
Answer:
c) Sociocultural
Explanation:
The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.
Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.
These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.
An economy produces wind turbines, pizza, automobiles, and haircuts. Consumers purchase pizza and haircuts, as well as T-shirts made in another country. Firms purchase wind turbines, as well as x-ray machines made in another country. The government purchases automobiles. An increase in the price of x-ray machines will increase the _____ price index. An increase in the price of T-shirts will increase the _____ price index.
Answer:
An increase in the price of x-ray machines will increase the _Inflation____ price index. An increase in the price of T-shirts will increase the __Inflation___ price index.
Explanation:
Given -
The price of the X ray machine and the T-shirt is rising and people's income is stable. In this scenario, the purchasing ability of a person declines and he/she will not be able to buy these two commodities thereby increasing the inflation price index.
An increase in the price of x-ray machines will increase the _Inflation____ price index. An increase in the price of T-shirts will increase the __Inflation___ price index.
The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregate supply curve Unselected housing bubble collapse that caused a leftward shift of the aggregate demand curve Unselected supply shock that caused a leftward shift of the long-run aggregate supply curve Unselected I DON'T KNOW YET
Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve
Explanation:
One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).
OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.
This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.
Interview a business owner in your local community on the negative impact of crime on his/her business and provide evidence of the interview.
Rich receives a 3.5% commission for selling cleaning supplies. What is his commission on sales of $122,591?
Answer:
$4290.69
Explanation:
Given :-
Rate = 3.5%
Amount = $122,591
To find = commission
=> 3.5% (122,591)
=> 3.5/100 (122,591)
=> 0.035 (122,591)
=> 4290.685
= 4290.69 [Since amount can not have 3 decimal places, we have to estimate it]
Therefore the commission received is $4290.69
Frederick Taylor, the founder of scientific management, examined labor efficiency and effectiveness. His goal was to change: Group of answer choices the motivation factors that relate to job satisfaction and the hygiene factors that relate to job dissatisfaction. the work conditions related to satisfaction of the need for psychological growth. the relationship between technology and labor efficiency. the relationship between management and labor from one of conflict to one of cooperation.
Answer:
the relationship between management and labor from one of conflict to one of cooperation.
Explanation:
The goal of Frederick Taylor and scientific management is to increase labor efficiency. He proposed specialization and training in order to have more efficient workers that can produce more per hour. At the same time, Taylor advocated for higher pay if efficiency and productivity increased. For example, if a worker produces 100 units, he/she should be paid twice than a worker that produces only 50 units.
the reasons why socio economic issues pose a challenge to businesses
Answer:
Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.
Explanation:
In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000 During the year. Dinty wrote off $32,000 of accounts receivable they had attempted to collect and failed. Credit sales for the year were $2, 200,000, and cash collections from credit customers totaled $1, 950,000.
What bed debt expense would Dinty report in its first-year income statement?
A. $50,000.
B. $12,000.
C. $114.000.
D. Can't be determined from the given information.
What accounts receivable balance would Dinty report in its first year-end balance sheet?.
A. $196,000.
B. $211000.
C. $230,000.
D. None of the above is correct
Dim's adjusting entry for bad debts at year-end, which of these would be included?
A. Debit to bed debt expense for SI 14.000
B. Credit to allowance for uncollectible accounts for $82,000
C. Debit to accounts receivable for $32,000
D. All of the above are correct.
Answer and Explanation:
The computation is shown below:
a. The bad debt expense is
= change in allowance balance + wrote offs
= $82000 + $32000
= $112,000
b. the account receivable balance that should be reported is
= credit sales - cash collection - wrote offs
= $2,200,000 - $1,950,000 - $32,000
= $218,000
c. The adusting entry should be
Bad debt expense Dr $114,000
To allowance for doubtful debts $114,000
(Being bad debt expense is recorded)
here the correct option is a.
Shadow Corp. estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Shadow computes a total of $26,880 in estimated losses from uncollectible accounts as of December 31, 2021 based on its aging analysis. Its Accounts Receivable account has a balance of $902,400 and its Allowance for Uncollectible Accounts has a credit balance of $3,840 before adjustment at December 31, 2021. How much bad debt expense will Shadow Corp report in 2021
Answer:
the bad debt expense reported is $23,040
Explanation:
The computation of the bad debt expense reported is shown below:
= Estimated losses arise from uncollectible accounts - credit balance of allowance for uncollectible accounts
= $26,880 - $3,840
= $23,040
Hence, the bad debt expense reported is $23,040
The above formula should be used for calculating the bad debt expense
Discuss the meaning of taxation
Answer:
the meaning of taxation is the levying of tax.
How do I do this? I’m confused
Answer:
hello ! i don't have sure if my answer is right because to be sincere i'm not the best in math, but i'm gonna answer it because i wanna try to help you, so i'm sorry if it's not right, but my intentions are good.
my answer is 212,000
Explanation:
i found out 5% of 2,000=100
then 100X2000=200000
1200+200000= 212000
impact of lockdown on business
Explanation:
Impact on lockdown on business It has been very tough time for buisness as far as we know buisness hasnt last long enough and there has been very huge losses.
The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:
A) increased use of the cost leadership strategy.
B) increased diversity within the organization.
C) increased empowerment of employees.
D) increased productivity by using technologically-intensive manufacturing technologies.
E) increased flat organization structure.
Answer: D. Increased productivity by using technologically-intensive manufacturing technologies.
Explanation:
Technology has made work easier in many industies. Artificial intelligence has made things much easier, involving lots of robots and reducing human efforts, which tends to make things faster and smarter. People who work in industies of industrialized countries can compete with those of developed world by technology, because both party make use of technology, so the input and output from their industry would be same based on the facilities they use.
Andrea Arenas is the owner of 2 Places at 1 Time, a concierge company. She and her staff of 60 perform everyday services, such as walking the dog, picking up cleaning, waiting for the repairman, and going to the post office, for people who are too busy to perform these simple acts. One way she tries to ensure ___________ of services for her regular customers is to make sure that the same well-trained person is always assigned to work for them.
Answer:
consistency.
Explanation:
A service can be defined as an intangible (immaterial), non-physical activities, satisfactions or benefits that are offered for sale by a business service or provided to accompany the sales of a product. Thus, it's an action that involves offering something to a service taker or customer in return for an amount of money as payment.
Basically, a service is expected to have certain characteristics and these includes;
I. Intangibility.
II. Heterogeneity.
III. Perishability.
IV. Lack of ownership.
V. Inseparability.
VI. Variability.
VIII. Quality management.
In this scenario, one of the ways Andrea Arenas tries to ensure consistency of services for her regular customers is to ensure that the same well-trained person (employee) is always assigned to work for them.
This ultimately implies that, she ensures her regular customers get the same level of quality service at all times by assigning a well-trained person (employee) to work for them.
Zumwalt Corporation's Class S bonds have a 12-year maturity, $1,000 par value, and a 5.75% coupon paid semiannually (2.875% each 6 months), and those bonds sell at their par value. Zumwalt's Class A bonds have the same risk, maturity, and par value, but the A bonds pay a 5.75% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? (hint: Bonds with same risk should have same effective rate of return, or YTM).
Answer:
$993.23
Explanation:
Note that the yield to maturity for the Class S bond is 5.75% because when a bond sells at par its coupon rate and yield should be the same.
However, Class A, pays annual coupons and the fact they both have the same level of risk means that yields are the same, however, S's yield is 5.75% compounded semiannually, in the case of A we need an equivalent yield but compounded once a year since annual coupons are to be made, as a result, for A we would convert the yield to an equivalent effective annual yield
EAR=(1+yield/2)^2-1
there are 2 semiannual periods in a year, that is the reason for 2 in the formula above
EAR=(1+5.75%/2)^2-1
EAR=5.83%
The price of bond A is the present value of 12 annual coupons and face value discounted at 5.83% effective annual yield
annual coupon= 5.75%*$1,000
annual coupon=$57.50
bond price=$57.50/(1+5.83%)^1+$57.50/(1+5.83%)^2+$57.50/(1+5.83%)^3+$57.50/(1+5.83%)^4+$57.50/(1+5.83%)^5+$57.50/(1+5.83%)^6+$57.50/(1+5.83%)^7+$57.50/(1+5.83%)^8+$57.50/(1+5.83%)^9+$57.50/(1+5.83%)^10+$57.50/(1+5.83%)^11+($1000+$57.50)/(1+5.83%)^12
bond price=$993.23
A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposable foam food containers per month at 5 cents per food container for a two-year period. Per the contract, payment of $250 was due once a month. The restaurant was also responsible for paying shipping charges, which were payable on a quarterly basis. Finally, the contract stated that if any of the containers were discovered to be damaged, they could be returned for a full refund. However, the contract was silent with regard to the return of any containers that were not damaged. In the last month of its contract with the manufacturer, the restaurant decided to switch to biodegradable, recycled cardboard food containers because its take-out customers complained about the harmful effects of disposable foam products on the environment. The restaurant asked the manufacturer not to ship the final shipment, but the manufacturer refused. The restaurant had not yet made the $250 payment for the final shipment of containers, but it did owe the manufacturer delivery charges for its final quarter. The restaurant returned all of the containers to the manufacturer. In addition, the restaurant sent an envelope with cash for the final shipping charges. In the envelope, the restaurant included a brief memo stating that the cash included was for payment in full, including all food containers and shipping charges. The manufacturer's accounting department received the envelope, read the memo, and deposited the cash. The manufacturer then sued the restaurant for the final payment of $250. Which of the following legal concepts would be the strongest argument against payment of $250?
A. Novation
B. Good-faith modification
C. Estoppel
D. Accord and satisfaction
Answer:
Option B
Explanation:
Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.
Hence, option B is correct
A bank agreed to lend a merchant $10,000 for one year at 8% interest. The loan proceeds were to be disbursed within two weeks. The merchant intended to use the loan proceeds to purchase a specific shipment of carpets for resale at an expected profit of $5,000 but said nothing about these plans to the bank. The bank failed to disburse the proceeds and refused to assure the merchant that it would do so. The merchant was able to secure a loan from another lender at 10% interest for one year. However, by the time the merchant started the application process for a substitute loan, it was too late to pursue the opportunity to buy the shipment of carpets. In an action against the bank for breach of contract, which of the following amounts is the merchant likely to recover?
Answers:
A. Nothing, because damages lost opportunities are not recoverable.
B. Nothing, because the parties failed to tacitly agree that the merchant would be entitled to damages in the event of a breach by the bank.
C. The difference in cost over time between a loan at 10% and a loan at 8%.
D. $5,000, the merchant's foreseeable loss.
Answer: C. The difference in cost over time between a loan at 10% and a loan at 8%.
Explanation:
The first bank cannot be held liable for damages relating to the loss of the opportunity to buy the carpets because they were not informed of it and so could not have made a decision based on it.
Another thing they cannot be held liable for is the merchant's inability to get another loan in time because it is assumed that there are other banks that the merchant could have gone to. What they can be held liable for however, is the difference in the types of loans.
The merchant had to get a loan with a higher interest rate because they couldn't honor their agreement so they will pay the difference in interest between their loan and the one the merchant was able to get.
You have just won $20,000 in the state lottery, which promises to pay you $1,000 (tax free) every year for the next twenty years. The interest rate is 5%. In reality, you receive the first payment of $1,000 today, which is worth $ nothing today. (Round your response to the nearest penny.) The value of the second$1,000 payment is worth __________ $
Answer:
$952.38
Explanation:
The net present value is given by the expression as shown below:
[tex]NPV=\frac{Future value}{(1+r)^{n} }[/tex]
Plugging the values in the above expression,
r=0.05
Future value =$1,000
n=1
[tex]NPV=\frac{1000}{(1+0.05)^{1} }\\NPV=952.38[/tex]
The value of the second$1,000 payment is worth $ 952.38
Benny spends all of his money buying wine and cheese. The marginal utility of the last bottle of wine he bought is 60, and the marginal utility of the last block of cheese he bought is 30. The price of wine is $3, and the price of cheese is $2. Benny: Group of answer choices is buying wine and cheese in the utility-maximizing amounts. should buy more wine and less cheese. should buy more cheese and less wine. is spending too much money on wine and cheese.
Answer:
should buy more wine and less cheese
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
The consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per good = marginal utility / price of the good
Wine = 60 / $3 = 20
Cheese = 30 / $2 = 15
Wine has a higher utility per good when compared with cheese. Benny should buy more wine and less cheese
vhegg The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, youshould go ahead and do so. The most you should pay to complete development is $2.0 million.
Answer:
Yes; $2.0 million
Explanation:
Yes, YOU SHOULD GO AHEAD and do so reason been that the TOTAL LOSS would then be the amount of $3 million calculated as [( -$5million)+(-$1 million)+$3 million=-$3 million] instead of the amount of $5 million which therefore means that The MOST YOU SHOULD PAY in order to complete the development would be the amount of $2 million calculated as ($5 Million-$3 Million).
Which of the following statement about capital market stakeholders is true Group of answer choices oftentimes capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other Offering cash dividends to stockholders will please all the capital market stakeholders within groups, capital market stakeholders are always agree with each others for all the firms, capital market stakeholders are the most important stakeholders for firms to cater to
Answer: Often times capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other
Explanation:
The various stakeholders a company will often times find that they are clashing with each other as they try to push their agenda at the expense of other stakeholders.
Capital market stakeholders for instance, provide capital to the business and so would prefer if it kept costs as low as possible so that they the capital providers can get an adequate return. Product market stakeholders such as suppliers would be trying to increase their prices so as to make more money and this would go against the wishes of the capital providers leading to a disagreement between both classes.
what is democracy????
Explanation:
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Answer:
A system in which government is selected by the citizens....
Excise tax is levied in the __ of goods and services
Answer:
its probably buying
Explanation:
How much do alcohol related crashes cost Florida every year
like $44 millon
hopes it help
Economic fine-tuning is the (usually frequent) use of Group of answer choices fiscal policy that both balances the budget and counteracts even small undesirable movements in economic activity. monetary and fiscal policies to counteract even small undesirable movements in economic activity. only fiscal policy to counteract even small undesirable movements in economic activity. monetary policy that is based on a predetermined steady growth rate in the money supply to counteract even small undesirable movements in economic activity.
Answer:
monetary and fiscal policies to counteract even small undesirable movements in economic activity.
Explanation:
Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
An investor bought 10 XYZ May 50 puts a few weeks ago. The options expire May 21st. It is April 10th, and she wants to exercise them now. However, she must wait until May 20th. The most likely reason for this is the
(A) option's exercise style is American.
(B) the broker-dealer has placed a temporary hold on the account.
(C) investor has exceeded the options position limits.
(D) option's exercise style is European
Answer:
D
Explanation: