Answer:
Mainframe computers
Explanation:
Mainframe computers are typically large in size with large storage space, reliability, and high processing power.
They are usually used by large corporations for data processing applications such as financial transactions, industry statistics, Customer statistics, and enterprise resource planning.
Mainframe computers are different from supercomputers in the aspect of processing power. Supercomputers has have leading edge processing power.
While supercomputers are used to solve scientific and engineering problems, mainframes are mostly used for financial transactions.
KL Electronics has paid a quarterly dividend of $.42 per share for the past two years.This quarter,the firm plans to pay $.42 plus an additional $.05 per share.The firm has stated that it is uncertain whether it will pay $.42 or $.47 per share next quarter.Which one of the following is the best description of the additional $.05 that is being paid this quarter?
A) Liquidating dividend
B) Special dividend
C) Extra dividend
D) Stock dividend
E) Normal dividend
Answer:
The answer is C. Extra Dividend
Explanation:
As being stated above(in the answer section), the answer is extra dividend.
Extra Dividend is the form of dividend paid to shareholders in addition to the normal regular dividend. This usually happens during the period of unexpected high profit.
Also, this is paid after the year-end.
If this dividend was paid in form of additional stock being given to the shareholders, then it will be called stock dividend.
If Newble paid dividends of $100 million in 2016 and made no stock issues, what must have been net income during the year?
Answer: $310 million
Explanation:
The net income is used to pay dividends as well as being added to equity at the end of the period. If no new stock was issued then the net income would be the increase in equity plus dividends.
Increase in Equity = Equity 2016 - Equity 2015
Equity 2016 = Total assets 2016 - total liabilities 2016
= ( 420 + 1,420) - ( 240 + 920)
= $680 million
Equity 2015 = Total assets 2015 - total liabilities 2015
= ( 310 + 1,200) - ( 210 + 830)
= $470 million
Increase in Equity = 680 - 470
= $210 million
Net Income = Increase in equity + dividends
= 210 + 100
= $310 million
Which of the following persons trade for their own account on the floor of an options exchange?
I. Market Maker
II. Registered Options Trader
III. Order Book Official
IV. Floor Broker
Answer:
II. Registered Options Trader
Explanation:
A registered options trader is a type of floor trader that only trades securities for their own account. Registered options traders are not necessarily required to be market makers (large investment banks or other financial institutions that buy and sell securities and charge a spread).
Find a numerical equation relating planned aggregate expenditure to output and to the real interest rate. [i.e. write down the PAE equation]
Answer:
The answer is "0.12".
Explanation:
In the given question, some of the information missing. so, the missing information and its solution can be defined as follows:
Missing information:
[tex]C=14,400+0.75(Y-T)-50,000r\\I^P=7,000-24,000r\\G=8,500\\NX=2,000\\T=9,000\\Y^d=65,080[/tex]
Formula:
[tex]\bold{PAE = C + I + G + NX}[/tex]
solution:
[tex]\to PAE = 14400 + 0.75 \times (Y - 9000) -50000r + 7000 - 24000r+ 10500\\\\[/tex]
[tex]= 14400 + 0.75Y - 6750 -50000r + 7000 - 24000r+ 10500\\\\= 25150 -74000r + 0.75Y \\[/tex]
Calculating the value of r:
let [tex]Y = Y^d = PAE[/tex]
[tex]\to 65080 = 25150 - 74000r + 0.75 \times 65080\\\\ \to 65080 = 25150 - 74000r + 48,810 \\\\\to 74000r= 25150 + 48,810 - 65,080\\\\\to 74000r= 8,880\\\\\to r =\frac{8,880}{74000} \\\\\to r= 0.12[/tex]
Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was reported in the current year's income statement
Answer:
$1400
Explanation:
Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.
The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:
Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400
Depreciation expense = $1400
The bottom 80 percent of families in Alpha receive approximately what percentage of total income?
Answer:
5 percent
Explanation:
I inferred you're referring to a question (The bottom 20 percent of families in Alpha receive approximately what percentage of total income?) related to cummulative income. According to information found on the graph provided, note that the y-axis represents the total income and the x-axis represents the population.
Thus, we could infer from the data that 20 percent of families in Alpha receive 5 percent of their total income.
When Deer Valley Resort Co. (DVRC) was developing its ski resort in the Wasatch Mountains near Park City, Utah, it sold parcels of land in the resort village to third parties. Each sales contract reserved the right of approval over the conduct of certain businesses on the property including ski rentals. For fifteen years, DVRC permitted Christy Sports, LLC, to rent skis in competition with DVRC's ski rental outlet. When DVRC opened a new mid-mountain ski-rental outlet, it revoked Christy's permission to rent skis. This meant that most skiers who flew into Salt Lake City and shuttled to Deer Valley had few choices: they could carry their ski equipment with them on their flights, take a shuttle into Park City and look for cheaper ski rentals there, or rent from DVRC. Christy filed a suit in a federal district court against DVRC. Was DVRC's action an attempt to monopolize in violation of Section 2 of the Sherman Act
Answer:
No it wasn't a violation of Section 2 of the Sherman Act.
Explanation:
This is an actual court case which was ruled in favor of DVRC. The court used an analogy to compare DVRC with Disneyland, where the theme park owners would not allow competition within their premises. Even though DVRC sold the land parcel to Christy Sports, a restrictive covenant was imposed at the time of the sale where DVRC could decide freely which third party businesses could operate there. Since the covenant is legal, there is no reason why DVRC will not enforce it.
Service variability means that the quality of services does not depend on who provides them. True False
Answer: False
Explanation:
Service variability means that the quality of services depends on who provides them. Also where it was provided, when it was provided, and how it was provided are taken into consideration.
Service variability are changes in the quality of identical service that are beung provided by different vendors. It should be noted that the difference in change is due to the nature of the service, delivery method used and the individual providing the service.
How would the value of a firm be affected by the following events? a.The introduction of a new product designed to increase the firm’s cash inflows is delayed by one year. The size of the expected cash flows is not affected.
Available Options Are:
A.The introduction of a new product designed to increase the firm’s cash inflows is delayed by one year. The size of the expected cash flows is not affected.
B. A firm announces to the press that its cash earnings for the coming year will be 10% higher than previously forecast.
C. A utility company acquires a natural gas exploration company. After the acquisition, 50 percent of the new company's assets are from the original utility company and 50 percent from the new exploration company.
Answer with Explanation:
The value of the firm can be calculated as under:
Value of Firm = Present Value of Net Cash Inflows
Option A: If the future net cash inflow is delayed then this means that the future net cash flow will lose money value which means that the present value of the net cash inflows will be reduced and this will reduce the value of the company.
Option B: The cash inflow has increased by 10% which means that the present value of net cash flow would be increased and thus the value of the firm will also increase.
Option C: Now here, if the decision is in the money which means that the decision increased the future cash inflows or created synergy value or in simple words the acquisition has generated additional profits for the company. Then this is the case of increased cash inflow generated which will increase the value of the company. And if the synergy is not created enough to compensate the additional amount paid to acquire the company then this will reduce the value of the firm as it will not generate enough profits as planned by the management.
Programs allowing for the direct pass-through of losses and income to investors include all of the following EXCEPT:
A) REITs.
B) oil and gas drilling direct participation programs.
C) S corporations.
D) new construction real estate direct participation programs.
Answer:
A) REITs (Real Estate Investment Trust).
Explanation:
Note that a Real Estate Investment Trust (REIT) is a company that gathers the capital of several investors to secure a real estate property, thus, they allow each individual investors to earn dividends from thier real estate investments.
The Real estate investment trust program often allows the passing through of income but not for losses, in a sense the real estate investors bear any losses that maay arise.
The COGS reflected on the income statement is the same COGS we use in the development of a MCS. True False
Answer:
False
Explanation:
In marginal costing systems (MCS), the cost of goods sold (COGS) is made up of only variable costs. This helps in determining the contribution margin, which is the difference between sales revenue and variable costs of production.
However, the cost of goods sold reflected on the income statement is not only the variable costs. They include all the products' costs based on absorption costing, which is used in income statement preparation under the financial accounting system. Marginal costing system is simply a cost accounting technique for internal or managerial usage.
Under SEC rules, filing of the Form 144, required when selling restricted stock, is the responsibility of the:________. A. issuer B. broker-dealer C. seller D. transfer agent
Answer: C. seller
Explanation:
The filing of SEC Form 144 is the responsibility of a representative of the company that wishes to sell the stock. The company can be represented by an executive officer, a director, or a recognised affiliate of the company.
This form is filled when the restricted stock to be sold either exceeds 5,000 in number or would command a price greater than $50,000.
Tyson Inc. is currently trading at $18 per share. The company is expected to pay a dividend of $1.63/per share next year. The dividend is expected to growth 2.5% per year into perpetuity, and the cost of equity is currently 10.5%. Using Gordon growth what is the present value of Tyson Inc, and given you answer should you buy or sell the stock
Answer:
$20.38 buy
Explanation:
The computation of present value is shown below:-
Fair Value according to Gordon Model = Expected Div ÷ (Required Return - Growth rate)
= $1.63 ÷ (10.5% - 2.5%)
= $1.63 ÷ 8%
= $20.38
Fair Price = $ 20.38 and Actual Price = $18.00
As Fair Price is greater than the Actual Price so, the stock is under priced. Therefore advice to buy.
Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes
Answer:
value judgments and opinions
Explanation:
Normative Economics is a term that describes a form of contemporary economics which concentrates on the expected economic ideals or standards in relation to the advancement of all aspect of the economy.
Hence, Normative economics can be said to involve value judgment and opinions of what the economy as a whole should be.
Therefore, the right answer is "value judgment and opinion."
Consider the market for economics textbooks. Explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied. a. The market price of editorial services increases. This will cause a(n) A. increase in supply. B. increase in quantity supplied. C. decrease in supply.
Answer:
a. The market price of editorial services increases. This will cause a(n)
C. decrease in supply.
Explanation:
The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks. As a result, it decreases the quantity supplied. The producers or publishers of economics textbook may not be able to pass the increased cost to consumers. They may not even have the resources to publish more books with an increased cost of editorial services. It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.
On February 15, Jewel Company buys 7,300 shares of Marcelo Corp. common stock at $28.56 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.18 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.33 per share less a brokerage fee of $250. The journal entry to record the dividend on April 15 is:______.A) Debit Cash $8,614; credit Dividend Revenue $8,614.B) Debit Cash $8,614; credit Interest Revenue $8,614.C) Debit Cash $8,614; credit Gain on Sale of Investments $8,614.D) Debit Cash $7,865; credit Dividend Revenue $7,865.E) Debit Cash $7,865; credit Interest Revenue $7,865.
Answer:
A. Debit Cash $8,614; credit Dividend Revenue $8,614.
Explanation:
The journal entry for recording the dividend as on April 15 is shown below:
On April 15
Cash Dr (7,300 shares × $1.18 per share) $8,614
To Dividend revenue $8,614
(Being the dividend is recorded)
For recording this here we debited the cash as it increased the assets and credited the dividend revenue as the revenue is also increased
Therefore the correct option is A.
You just obtained a loan of $15,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is the amount of each payment
Answer:
I prepared an amortization schedule using excel. You will need to make 48 monthly payments of $371.24
Which of the following goods would you expect to have the largest income elasticity of demand?
a. rice.
b. toothpaste.
c. beer.
d. stereo equipment.
e. newspapers.
Answer:
stereo equipment.
hope this helps
Goods that can be considered to have the largest income elasticity of demand among the given option is D:stereo equipment.
Income elasticity of demand can be regarded as economic measure that shows the responsiveness of the quantity demand for a good/service as well as change in income.Among the given option, stereo equipment will have the largest income elasticity of demand because is serve as luxury and it cost compare with other options.Therefore, option D is correct
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https://brainly.com/question/15010897?referrer=searchResults
If a buyer or a seller sues to enforce a purchase agreement, the prevailing party will probably be entitled to:
Answer:
Attorney's fees
Explanation:
In a purchase agreement where a buyer is to make payment for goods purchased by a seller, and there is a dispute that requires enforcement of the purchase agreement.
The party that prevails will be entitled to payment of legal fees incurred during the legal process.
This is usually written in purchase agreement forms. So when there is a dispute the prevailing party will have its legal fees paid by the other party
A restaurant at a popular Colorado casino provides priority service to player’s card holders. The restaurant has 10 tables or booths where customers may be seated. The service time (time a booth or table is occupied) averages 42 minutes once a party is seated. The customer arrival rate is 8 parties per hour, with the parties being equally divided between card holders and people without player’s cards. What is the average time that parties WITHOUT player’s cards wait to be seated?A) Approx. 55 secondsB) Approx. 2 hoursC) Approx. 40 minutesD) Approx. 24 seconds
Answer: Option A -- Approx. 55 seconds
Explanation:
It should be noted that, after proper calculations, the average time that parties WITHOUT player’s cards wait to be seated is Approximate 55 seconds. Therefore, Approx. 40minutes, 2hours and 24 seconds are wrong.
____ projects are a set of projects where the acceptance of one project means that other projects cannot be accepted.
Answer:
Mutually exclusive
Explanation:
Mutually exclusive projects are projects where if you accept one project, the other project has to be rejected.
For example, a company has $250,000 to invest in a project. It can either choose to build a warehouse or buy an equipment. Both projects cost $250,000. Because of the limited capital, only one project can be chosen. This is an example of a mutually exclusive project
Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.
a. An Australian company buys steel from a U.S. firm.
b. The Federal Reserve buys $2 billion worth of euros.
c. Profits are earned by a U.S. based mining company operating in Mexico.
d. An English company purchases a U.S. confectionary manufacturer.
Answer: The transactions along with the money flow are as follows:
Explanation:
a. When an Australian company purchases steel from the U.S firm then the U. S firm receives the payment for its sale of goods.
b. The purchase of foreign currency will in turn be the payment to the foreigners.
c. The profit earned by the U.S based company is factor income. It is the payment obtained from the foreigners.
d. The English company is buying the assets from the U.S. confectionery manufacturer. This will involve the private sale as well as the purchase of the assets and payment from foreigners.
What is the tax equivalent yield for a City of Mesa 2.5% muni bond for an investor in the 35% tax bracket?
Answer:
Tax equivalent yield = 38.5%
Explanation:
Return on a municipal bond = 2.5%
Since municipal bonds are non taxable, for a similar taxable bond, tax equivalent yield is :
Tax equivalent yield = Yield on municipal bond / (1 - tax rate)
Tax equivalent yield = 2.5% / ( 1 - 0.35)
Tax equivalent yield = 0.025 / 0.65
Tax equivalent yield = 0.03846154
Tax equivalent yield = 38.5%
Which factor does not shift the demand for bonds Question 3 options: Expected inflation Liquidity Expected return Government deficit
Answer:
Government deficit
Explanation:
Bonds are financial instruments, and financial instruments are affected by various factors, for their demand and supply.
If there is a government deficit and bonds are completely private and not treasury bonds then there would be no effect on the demand of bonds.
Expected inflation causes the interest rate on bonds to increase, accordingly the demand for bonds increase.
Liquidity of a financial instrument affects a lot.
Highly liquid bonds are highly demanded and vice-e-versa.
Expected return affects the demand, if return expectations are high then demands are also high, if expected return is low, then demands are also low.
Should a company that wants to retain older workers consider an actuarial increase for those who work beyond normal retirement age? Is the benefits model relevant here? Think about the factors that are used in calculating a formula-based DBP.
Answer:
Yes an actuarial increase is necessary
Yes the benefits model is important
Explanation:
The actuarial increase is necessary because individuals who work past normal retirement age get increase in benefits paid. The implication of this is that benefits are increased to compensate for shorter time frame for payment of pension.
The defined benefits model is important because it can be used in calculation of retirement benefits for individuals that work past normal retirement age. The defined benefits model calculates retirement benefits based on factors such as earnings history of employee, age or duration of service. Three methods of defined benefits formula include:
flat benefit forrmula: benefits are calculated by multiplying number of years of service by a flat rate
Unit benefit formula: benefits are determined by tenure of service and salary earnings of employee
Variable benefits formula: benefits vary according to market performance
If investors are expecting a dividend cut, then the announcement of the decreased dividend payment will:
The options available are:
a. cause the stock price to decline by more than the dividend amount
b. not affect the stock price as long as the announcement was in line with expectations
c. cause the stock price to increase if the cut was greater than anticipated
d. the signal that the next dividend will be cut even further
Answer:
b. not affect the stock price as long as the announcement was in line with expectations
Explanation:
Given that the announcement will be made in line with the expectation of the investors, then the announcement of the decreased dividend payment will have no effect on the stock price. Thus, it will neither cause the price of the stock to decline not to rise since the investors are already aware of the market situation and there is no reason to make panic sales or enthusiastic buys.
Hence, the correct answer is option B.
A buyer of $7,800 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:
Answer: $156
Explanation:
It should be noted that credit terms 2/15 simply means that there will be a 2% discount when the customer majes payment within 15 days from the invoice date.
By not taking advantage of the cash discount, the buyer lost the discount of:
= 2% × sales price
= 2% × $7800
= 0.02 × $7800
= $156
The goal of expansionary fiscal policy with respect to output is to: Multiple Choice increase spending and shift aggregate demand to the right in an effort to reach full employment output. increase spending and aggregate demand to get back to an output level the government is comfortable with. decrease government spending in an attempt to get the private economy back on track. increase spending and shift aggregate demand to the left in an effort to reach full employment output.
Answer:
Increase spending and shift aggregate demand to the right in an effort to reach full employment output.
Explanation:
The goal of expansionary fiscal policy with respect to output is to reduce the problem of unemployment. In order to let this work, the government must increase its spending or Decrease the tax rate. This will make the Aggregate Demand Curve to the right which is a proof of increasing real Gross Domestic Product (GDP) as well as gradual reduction of unemployment.
Can a local businessman pay a police officer $50 a week to watch his business more closely? Group of answer choices
Answer: b. No, Public Officials cannot give consideration on duties they are already supposed to perform.
Explanation:
The options are:
a. Yes, as long as the contract is registered with the Secretary of State
b. No, Public Officials cannot give consideration on duties they are already supposed to perform
c. Yes, as long as 50$ is reasonable amount to watch the business
d. Yes, as long as a court reviews the contract within 30 days
e. No, unless a court approves the agreement.
From the question, we are asked whether local businessman can pay a police officer $50 a week to watch his business more closely. This is not true as Public Officials cannot give consideration on duties they are already supposed to perform.
The role of the police is to ensure that lives and properties are always safe and they're pair by the government for the role, therefore, they shouldn't be offered money to do what they're naturally expected to do.
SEC Rule 10b-18 allows an issuer to buy its shares in the open market:________.A. at any price that is reasonably related to the current marketB. at the highest independent bid or the last reported sale price, whichever is higherC. at the lowest independent offer or the last reported sale price, whichever is lowerD. under no circumstances, since this is considered to be market manipulation
Answer:
B. at the highest independent bid or the last reported sale price, whichever is higher
Explanation:
SEC Rule 10b-18 was issued to create a safe harbor that reduces a company's possible legal liabilities related to repurchasing their own stock. Companies can decide to follow it or not, but if they follow it, they must comply with specific requirements that depend on the company's size and trading activities. Even if companies follow all the requirements of this "safe harbor", all legal liabilities are not eliminated, instead some specific provisions will not be considered to have been violated by the company.
The conditions related to this rule include
Manner of purchase conditionsTiming conditionsPrice conditionsVolume conditions