Lower-stage public employer personnel who take moves mentioned in regulation are recognized as Street-Level Bureaucrats.
These are public personnel who have interaction immediately with residents and feature good sized discretion withinside the execution in their work (1980:3). Examples are teachers, police officers, widespread practitioners and social employees. These street-stage bureaucrats enforce public policies. Street-stage bureaucrats act as liaisons among authorities coverage-makers and residents and those civil servants enforce coverage selections made with the aid of using senior.Street-Level Bureaucrats in Perspective.
“Street-stage bureaucrats” are public provider employees “who have interaction immediately with residents withinside the direction in their jobs, and who've good sized discretion withinside the execution in their work. A few examples include police officers, border guards, social employees and public faculty teachers. These civil servants have direct touch with individuals of the overall public, in assessment with civil servants who do coverage evaluation or financial evaluation, who do now no longer meet the public.
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you would like to buy shares of sirius satellite radio (siri). the current ask and bid quotes are $4.34 and $4.31, respectively. you place a market buy order for 630 shares that executes at these quoted prices. how much money did it cost to buy these shares? (round your answer to 2 decimal places.)
To buy these shares, the cost of money will be $2,734.20.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock that doesn't pay dividends doesn't include its shareholders in the distribution of profits.
The calculation is as follows:
According to the data provided in the question
Current ask price = $4.34
Bid quotes = $4.31
Number of markets buy order = 630 shares
As concerned with the above data, the cost to buy these shares equal to
= Number of market buy orders × Current ask price
= 630 shares × $4.34
= $2,734.20
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on january 1, a company issued 10%, 20-year bonds with a face amount of $80 million for $73,581,280 to yield 11%. interest is paid semiannually. what was interest expense at the effective interest rate on june 30, the first interest date? (enter your answers in whole dollars. round percentage answers to 1 decimal place (e.g., 0.0234 should be entered as 2.3).)
Therefore, $3,288,743 in interest expenses at the applicable rate on June 30 will be debited from the interest expense account.
First, we must comprehend the information that is unique to the inquiry.
The bonds have a face value of $90,000,000.
Bond cost equals $82,218, 585.
Discount rate = 7%
In addition, the bond's interest must be paid every two years.
Second, based on the face value, we determine the semi-annual interest.
= Coupon rate times $90,000 times the semi-annual period
= 6/12 x 0.07 x $90,000,000
= $3,150,000
Thirdly, we determine the semi-annual interest issued at this time's market bond price.
= The outstanding balance x the effective rate (/2 because it is semi-annual).
= 8/2 x $82, 218,585
= $3, 288,743
In light of the foregoing, the interest expenditure at the applicable rate on June 30 will be $3,288,743, which will be charged to the interest cost account. The difference between this rate and the calculated face amount (138,743) will be credited to the discount on bonds payable.
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zara's store managers place orders that reflect their localized needs. however, order fulfillment is ultimately the responsibility of the commercial team in headquarters because:
Zara's store manager placed order that reflect in their localized needs. However, order fulfillment an ultimately is the responsibility of the commercial team in headquarters, because store managers does not have visibility into regional demands but the commercial team does.
A store manager is responsible for overseeing the daily operations of a store, their duties include motivating sales teams, creating business strategies, developing promotional material, and training new staff. Also known as a store supervisor.
What skills do you need for store managers?
These seven retail manager skills are essential for any store
Multi-tasking.Decision-making.Leadership.Motivation.Organizational skills.Effective communication.Making the first sale of the day.Learn more about store manager here:- https://brainly.com/question/28219371
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one of the allegations in a recent fraud was that confirmations of account balances to various banks were determined to be forgeries. auditing standards state that an audit rarely involves the authentication of documentation, nor is the auditor trained as or expected to be an expert in such authentication. what steps could the auditors have taken to ensure that bank confirmations were reliable?
The following steps could auditor have taken to ensure that bank confirmations were reliable
designing external assuranceauditor's use of appropriate assuranceAttsation is the process of obtaining and evaluating direct communications from third parties in response to requests for information on specific issues affecting statements related to the financial statements.
Auditing Standard #8, Audit Risk, describes the audit risk model. It assesses inherent and control risks, determines an acceptable level of detection risk, and develops an assurance program to achieve a reasonably low level of assurance risk using appropriate assurance at the level of Assertion.
It explains the concept of designing. The auditor should: Assess the risk of material misstatement at the assertion level. ISA 500, “Audit Evidence,” states that the reliability of audit evidence is affected by its source and nature, and the individual circumstances in which it was obtained.
but note that the following generalizations regarding the reliability of audit evidence may be helpful:
• Audit evidence is more reliable when obtained from independent sources outside the organization.
• Audit evidence obtained directly from the auditor is more reliable than audit evidence obtained indirectly or by inference.
• Audit evidence is more reliable when it is in document form.
• Original audit evidence is more reliable than photocopy or fax audit evidence.
Accordingly, audit evidence in the form of original written responses to requests for confirmation from third parties unrelated to the audited entity should be viewed separately. Significantly reduces the risk of misrepresentation of related claims to an acceptably low level.
Auditor may request external confirmation of the terms of any contract the company has with a third party or of her transactions. The Other examples of situations in which external confirmation can be used are: • Bank balances and other information from bankers.
• Customer Balance.
• Investments purchase
• Vendor balance.
he reliability of audit evidence obtained from external assurance depends, among other things, on the auditor's use of appropriate assurance procedures in designing external assurance requirements, performing external assurance procedures, and evaluating their results.
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item 3 george jefferson established a trust fund that will provide $221,500 per year in scholarships. the trust fund earns an annual return of 3.8 percent. how much money did mr. jefferson contribute to the fund assuming that only income is distributed?
$6,050,000 was contributed by Jefferson to the trust.
Selling goods & services is how a business makes money. Profit and both fixed and variable costs incurred during product manufacturing are included in revenue. The distinction between profit and fixed costs is known as margin.
How does contribution margin compare to gross margin?
Contribution margin is the profit that remains after variable costs are deducted from revenue, while gross margin is the profit that remains after the cost of goods sold is deducted from revenue.
What exactly is contribution margin and why is it so crucial?
It is a bookkeeping term that assists entrepreneurs and chiefs with following item productivity.Understanding the contribution margin is critical because it indicates how much of a product's revenue can be used to cover fixed costs and increase the company's profit.
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in the first quarter of 2019, what were the weekly earnings of high school graduates without a college degree?
The weekly earnings of a high school graduate without a college degree in the first quarter of 2019 was $ 739 per week.
How does education affect pay?In the United States, the pay rate that a person gets is often directly correlated with the level of education that they have. What this means is that if for instance a person has a college degree, they can generally expect to be paid more than a person with only a high school diploma.
From the table, we can see that a person who has a high school diploma, or has graduated high school, will earn a total of $ 739 per week in the first quarter of 2019. In that same period, a person who has a college degree will get an average of $ 1, 213. This is why people incur the student loans that they do, in order to attend college.
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the population of new york city would have totaled 1.2 million in 1860 if it had included the then-independent city of
The population of New York City would have totaled 1.2 million in 1860 if it had included the then-independent city of Brooklyn.
Many of the state's new immigrants settled in the cities in the early 1900s.
They came there to discover jobs in the towns' growing factories and corporations.
Immigrants settled particularly in towns in the Northeast and Midwest. The result became speedy urbanization, or an increase of cities, in those areas.
The percentage of the population residing in cities came to be the most important in California, the Midwest, and the Northeast.
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an economy that is undergoing industrialization, is growing faster than developed economies, and has capital markets that usually entail greater risk is referred to as a(n)
An undergoing industrialization and growing faster than developed economies is an emerging market economy.
An economy that is evolving into a developed market economy is an emerging market economy. These often have a monetary union, equity markets, and banking system, which means they are industrialising, and because of their quick growth and can provide investors with higher profits.
Key traits of such an economy are economic expansion, growing per capita income, accessibility to overseas investors, and a reliable legal regime. As a market economy develops, it frequently becomes more integrated with the larger economy. Thus, it may see higher trade volume, more liquid local debt and equity markets, and foreign direct investment all of which generally involve more risk.
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gunther posted an expensive item on an online auction site. dominic offers the highest bid and sends payment to gunther. gunther then refuses to send the product to dominic. gunther has committed:
Gunther has committed online auction fraud.
Online auction fraud typically occurs when a buyer is misled about the items or services they are purchasing on an online auction site, or when a seller is not paid for the things they are selling or is paid using fake debit or credit cards. Methods for combating online auction fraud are:
Keep proof: Maintain a copy of the transaction by taking screenshots of it on the website and storing them safely.Check the auction website: As soon as you can, get in touch with the auction site. They will begin their own internal processes to investigate by flagging the transaction or the listing.Review the terms and conditions of the auction site. See how the auction handles situations like yours in its policy.To learn more about fraud refer:
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expected sales $ 10,000 units direct material and labor costs $ 150 per unit variable manufacturing overhead $ 20 per unit fixed manufacturing overhead $ 300,000 fixed selling and administrative expenses $ 150,000 average operating assets $ 2,000,000 required return on investment 20% what is the amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product?
The amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product will be 20%.
A managerial accounting technique known as "absorption cost," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.
According to generally accepted accounting principles (GAAP), absorption costing is necessary for external reporting.
Total sales values = Total cost + Return on investment
Return on investment = 20% × 2,000,000 = 400,000.
Profit per unit = 400,000/10,000 units = 40 per unit
Total production cost = Variable cost + Fixed production overhead
= ((150 + 20) × 10,000 + ( 300,000)
= 2,000,000
Cost per unit = 2,000,000/10,000= 200
mark-up in (%) = profit per unit/ cost per unit
= (40/200)× 100 = 20%
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true or false: under the pecking order hypothesis, a firm will raise capital by using its net income, selling its marketable securities, issuing debt, and then issuing stock as the last resort. false true
According to the pecking order hypothesis, a company will first use net income to obtain money, then sell its marketable securities, issue debt, and then issue stock as a last resort. The statement is true.
Give a brief account on pecking order hypothesis.According to the pecking order theory, businesses prioritize their financing options (internal financing to equity financing) and reserve equity financing as a last resort. Priority is given to internal resources, and when they are exhausted, debt is issued. When it makes no sense to do so, equity is issued. According to this theory, organizations follow a hierarchy of financing options and favor internal funding when it is available. If external financing is needed, debt is favoured above equity.
The pecking order hypothesis clarifies the function of the private equity sector and, more significantly, emphasizes the causes for its existence, regardless of a company's size or level of development. Unlike conventional financiers, who often just provide financial support to businesses, the private equity sector also provides information to the entire financial system and management capabilities to businesses. These characteristics distinguish this sector from credit or banking institutions.
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how would you align human resource plans in a project portfolio to an organization's strategic objectives?
Comprehend the business strategy; evaluate the existing situation;
Plan and implement the HR strategy; these are the some of the align HR in organizational strategic plan.
How do you align the HR plan to the organizational strategic plan?A company's long-term plan for how it will deploy its resources to support commercial operations is called an organizational strategy. It offers direction on how a business might accomplish its goals. These tactics are used by businesses to fulfill their objectives and create strategic plans.
Achieving the organization's objective depends on properly integrating the HR strategy with the business strategy.
Alignment connects strategy and execution through communication. In order to align strategies, HR must:
Comprehend the business strategy;
evaluate the existing situation;
Plan and implement the HR strategy;
Measure and evaluate results;
Make any necessary adjustments.
You may define priorities and give your company direction by developing an organizational plan. It outlines your definition of success and prioritizes the kinds of actions necessary to turn that definition into reality.
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assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to:
Assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to appreciate by 2%.
What Kinds of Financial Markets Are There?The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed vs. OTC markets, primary vs. secondary markets, capital markets, money markets, and listed vs. money markets.
How Do the Financial Markets Function?All financial markets operate primarily by bringing together buyers and sellers of some asset or contract and allowing them to transact with one another, despite encompassing a wide range of asset classes and having a variety of structures and laws. A process for price discovery or an auction is frequently used for this.
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a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called
Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).
A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.
Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
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some popular social media management systems are becoming more difficult to manage becausesome popular social media management systems are becoming more difficult to manage because
Media Management is a branch of Business Administration concerned with the organisation and supervision of teams of media experts, various mass communication channels and technologies, media and entertainment productions, and other activities.
Conceptualizing, conceiving, designing, producing, editing, and directing media projects; or the operation, maintenance, and/or oversight of media facilities, production, and distribution-related operations are examples of functions. Creating marketing communications strategies for organisations of all sizes and industries. A media strategy for launching a new high-speed rail, for example, can include media creation, advertising, events, product showrooms, and partnerships with media representatives and influencers. Media management is a discipline of business administration that focuses on the growth.
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7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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what are standard operating procedures? group of answer choices explanation of how tasks should be done federal model code for food service industry's generic guidelines for tasks employee manual received at the time of hire
Standard operating procedures means the indicate how things should be done to attain service goals.
Standard operating procedures.
Standard operating procedure defines the procedure specific to your operation that describes the activities necessary to complete tasks in accordance with industry regulations, provincial laws or even just your own standards for running your business.
Given,
Here we need to define the process of Standard operating procedures.
Standard operating procedures also known as SOPs explains what employees must know and do when they perform work, and they are used to implement standards.
SOP rules must review and update whenever necessary. Sometimes this involves the addressing a specific step and sometimes an entire task. We need corrective actions to enforce SOPs include informal coaching sessions, special conversations, or discussions during performance appraisal meetings.
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as a result of a tariff t imposed on speedboats, the price domestic consumers pay for speedboats probably will likely be:
As a end result of a tariff T imposed on speedboats, the fee that overseas suppliers will receive probably will be: P1. P3.
How do I discover out my tariff revenue?Tariff revenue alternate on a given import flow is computed surely as the closing ad-valorem tariff improved by means of the final import cost minus the preliminary ad-valorem tariff extended by way of the initial import value.
Why are tariffs imposed on goods?Tariffs have three primary functions: to serve as a source of revenue, to protect home industries, and to remedy change distortions (punitive function). The income feature comes from the fact that the profits from tariffs affords governments with a supply of funding.
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discuss the importance of market for successful business
Answer:
Explanation: Market is important for a business because it helps the public to be aware of the products that your company is selling. It can also influence the customers into buying the product. It maintains a connection between your company and the public.
Answer:
The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision.
Explanation:
Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition, etc.
surplus is: a. a better measure of the value that buyers and sellers get from participating in a market than price itself. cross out b. maximized for individuals whose reservation price equals the market price. undo c. negative for those who do not participate in a market. cross out d. all of these are true.
No single buyer or seller may affect that price. Price takers are people or businesses that must accept the market price as given.
What is it called when a firm has no ability to influence market prices?Monopoly power is another name for market power. A "price taker" business is one that competes. As a result, a firm in a market with competition cannot alter the price of a good. Due to the modest size of any competing firm in relation to the market, they have no impact on pricing. Firms with market power, on the other hand, are also referred to as "price makers."A consumer or firm that takes the market price as given has no ability to influence that price.Markets inherently tend toward supply and demand equilibrium as a result of buyer and seller activity. Suppliers are unable to sell all of the product they desire at the market rate if there is a surplus. A state of extra supply is another name for a surplus. The surplus prompts the sellers to lower their pricing.To Learn more About market price Refer to:
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what dividend yield would be reported in the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40?
The dividend yield for the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40 is 10%.
Dividend yield
Dividend yield refers financial ratio that tells you the percentage of a company's share price that it pays out in dividends each year.
Given,
Here we need to find the dividend yield would be reported in the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40.
Through the given question, we know that,
Dividend per quarter = $1
Recent stock price = $40.
So, the dividend for one year is 4 x $1 = $4.
So, the dividend yield for the recent price is
=> 40/4
=> 10%.
Therefore, the dividend yield is 10%.
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In computing the present value of the lease payments, the lessee should Entry field with incorrect answer use its incremental borrowing rate in all cases. Use the implicit rate in all cases. Use the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. Use both its incremental borrowing rate and the implicit rate of the lessor, assuming that the implicit rate is known to the lessee
The lessee should use either its incremental borrowing rate or implicit rate of lessor, whichever is lower, assuming that implicit rate is known to the lessee.
What is incremental borrowing rate?The incremental borrowing rate is defined as " rate of interest that a lessee would have to pay to borrow on collateralized basis for similar term an amount equivalent to the lease payments in similar economic situation" in ASC 842, one of the new lease accounting standards. According to ASC 842, lessees should use the implicit rate in a lease to assess the obligation for a lease by estimating the present value of future lease payments. A business must utilize the "incremental borrowing rate" if it is unable to ascertain the implicit rate in a lease. Knowing how to determine the incremental borrowing rate is crucial since it frequently happens that the implicit rate is unavailable.
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if the rate on one-year t-bills currently is 6 percent, what is the repayment probability for each of the following two securities? assume that if the loan is defaulted, no payments are expected. what is the market-determined risk premium for the corresponding probability of default for each security? a. one-year aa rated bond yielding 9.5 percent? b. one-year bb rated bond yielding 13.5 percent?
the market-determined risk premium for the corresponding probability of a One-year AA-rated bond yielding 9.5 percent is 3.5%
the market-determined risk premium for the corresponding probability of a One-year BB-rated bond yielding 13.5 percent is 7.5%
Probability is a way to express how likely something is to happen in terms of a percentage. By dividing the total number of events by the number of favorable events, the probability is computed.
Probability is equal to the sum of the positive and negative events.
Possible values:
Bonds with an AA rating yield 9.5%.
Bonds with a BBB rating yield 13.5%.
Rate = 6%
a. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 9.5)
P = (1 + 0.06) / (1 + 0.095)
P = 1.06 / 1.095
Probability of Repayment = 0.968 or 96.8%
The following formula is used to compute the market risk premium:
Bond yielding at an AA rating minus the risk premium determined by the market
Risk premium as decided by the market = 9.5% - 6%
Risk premium as decided by the market = 0.095 – 0.06
Risk premium as determined by the market: 0.035 or 3.5%
b. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 13.5)
P = (1 + 0.06) / (1 + 0.135)
P = 1.06 / 1.135
Probability of Repayment = 0.9339 or 93.39%
The following formula is used to compute the market risk premium:
Bond yielding at a BB rating minus the risk premium determined by the market
Risk premium as decided by the market = 13.5% - 6%
Risk premium as decided by the market = 0.135 – 0.06
Risk premium as assessed by the market = 0.075 or 7.5%
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Which of these is a disadvantage to only using cash to make purchases?
Cash advances require a lot of paperwork and are generally difficult to get is a disadvantage to only using cash to make purchases.
cash is felony gentle—forex or coins—that may be used to change items, debt, or offerings. every so often it also includes the fee of belongings that may be effortlessly converted into cash immediately, as reported with the aid of an employer.
Cash is the quantity of real cash an enterprise has at its disposal. it's miles are labeled on the balance sheet as a modern asset, which means it's miles in all likelihood for use within the subsequent 365 days, and is commonly held in bank money owed. money or its equal (consisting of a check) paid for goods or services at the time of purchase or delivery. coins. it's a shop of price. coins is extra than only a charge instrument. It permits humans to preserve money for saving functions without default chance. it is useful for a small man or woman-to-character presents and bills.Learn more about cash here: https://brainly.com/question/24179665
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following is not a disadvantage to cash advances on a credit card?
a.
Cash advances are similar to loans in that they need to be paid back with interest.
b.
Cash advances require a lot of paperwork and are generally difficult to get.
c.
Cash advances are often the last thing to be paid when paying off your credit card.
d.
Cash advances often come with an interest rate much higher than your credit card.
the main way differ from agents is that they do not develop long-term relationships with the buyers or sellers they assist. a. brokers b. sales discounters c. wholesalers d. rack jobbers
In contrast to merchant wholesalers, agents and brokers do not actually buy or acquire ownership of the goods they buy and sell.
The Corrcet answer is C. wholesalers.
What do merchant wholesalers do?Branches of the Merchant Wholesalers in the durable goods industry supply other companies with capital or durable items. In general, merchant wholesalers take ownership to the products they offer, meaning they buy and sell products on their own behalf.In order to distribute goods at a wholesale level, wholesale trade agents and brokers act on behalf of buyers and sellers. Instead of taking title to the products they are selling, they make money by charging commissions and fees for their services.Agents normally represent either the buyer or seller on a permanent basis; brokers bring parties together temporarily. Instead, brokers bring buyers and sellers together and negotiate the parameters of the transaction.To Learn more About wholesalers refer to :
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which of the following activities would be considered a project? a.) schedule benchmark tests for each grading period b.) maintain student attendance records c.) enroll and register new students d.) organize an all-staff event to introduce a new principal
Organizing an all-staff event to introduce a new principal would be considered a project.
A principal is money that you at the start agreed to pay lower back. a hobby is a value of borrowing the important. normally, any charge made on a vehicle mortgage might be carried out first to any prices which can be due (as an example, past due prices).
The primary is the quantity of a debt that was first borrowed, and which remains unpaid. This amount no longer consist of any amassed unpaid interest related to the debt. The time period also can talk to the chief participant in a contract or other commercial enterprise transaction.
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if on november 26, 2017, the dow jones industrial average closed at 12,743.40, which was down 237.44 that day. what was the return (in percent) of the stock market that day?
-1.83% is the return (in percent) of the stock market that day which was asked.
12,743.40 was the final price, which was lower.
It denotes that the initial cost was
$12,743.40 + $237.44
= $12,980.44.
The return percentage will be the
100x the return / initial cost
=- - 237.44/12,980.44 x 100
= - 0.018291574 x 100
= - 1.83%
The NASDAQ exchange is a prime illustration of a stock exchange. The National Association of Securities founded the NASDAQ stock exchange on February 4th, 1971. Four days later, the NASDAQ stock exchange's first trading day was announced.
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on december 1, victoria company signed a 90-day, 4% note payable, with a face value of $10,200. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.) multiple choice $102 $0 $408 $68 $34
Principal amount = $10,200
Rate of Interest = 4%
Time period = 90 days
Therefore,
Amount of interest expense accrued =
= Principal * Rate of interest * Time period
= $10,200 * 0.04 * 90/360 [ given to use 360 days a year ]
= $408 * 90/360
= $102
Notes payable are long term and short term liabilities, depending on it's due date, that indicates the amount a company owes to it's creditors. For example loan from bank or friends or suppliers.
Long term = payable beyond 12 months, usually within 5 years
Short term = payable within 12 months.
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If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of nfl game tickets would?.
If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of NFL game tickets would increase by less than $5.
A $5 tax imposed by the government results in a 1% increase for sellers and a 1% increase for purchasers in pricing. As a result, the price that consumers pay won't go up by the whole $5.
Revenues from taxes on income and profits, social security contributions, taxes on goods and services, payroll taxes, levies on the ownership and transfer of property, and other taxes are all considered to be taxes.
The amount of output that is taxed by the government is represented by total tax revenue as a proportion of GDP. It can be used as a gauge for the extent of governmental resource management in the economy. The total amount of tax revenue collected expressed as a percentage of GDP is used to calculate the tax burden.
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the risk-free rate is 7%. the expected market rate of return is 15%. if you expect a stock with a beta of 1.3 to offer a rate of return of 12%. according to the textbook capm you should
Since the stock is expensive, option (b) is the appropriate response.
What exactly is CAPM stand for?The capital asset pricing model (CAPM), which generates anticipated returns on capital investments, is an idealized description of how securities are valued in financial markets. Through risk assessment and estimation, the model provides a mechanism for determining expected return on equity.
E(R₁) = Rf + β(E(Rм) - Rf),
Where
E(R₁)= capital asset expected return
Rf = Risk - free of interest
β = sensitivity
E(Rм) = Expected return of the market
Given information
E(R₁) = 12%
Rf = 7%
β = 1.3
E(Rм) = 15%
Now we need to calculate what will be the expected return according to the CAPM model.
E(R₁) = 7% + 1.3 ( 15% -7%)
E(R₁) = 17.4%
The security must be sold short since, according to the CAPM model, the expected return on the stock, 17.4%, is higher than the offered return on the stock, 12.0%.
Since the stock is expensive, option (b) is the appropriate response.
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