Answer:
Board Members
Explanation:
The Board Members are appointed as Stewards for the company by the owners (shareholders). They have a sole role of making sure that the shareholders get a favorable return on their capital with out upsetting the triple bottom line that is People, Profit and Planet (Environment).
Corporate Governance established through regulations or other codes of such as the King IV ensure that each and every board member exercise their required expertise to the benefit of the Company.
Consider the following facts for health haven?
Requirements
1. How much are cash dividends?
2. What was the amount of the cash receipt from the sale of plant assets?
Requirement 1. How much are cash dividends?
Cash dividends are $______.
Requirement 2. What was the amount of the cash receipt from the sale of plant assets?
The cash receipt from the sale plant assets is $:_________.
Answer:
attached below is the missing part of the question
$17000
Explanation:
1) calculate the cash dividends
= beginning earnings + net income for the period - ending retained earnings
= $44000 + $57000 - $68000 = $33000
2 ) calculate the amount of cash receipt from the sale of plant assets
first we will calculate the dep on sale of plant products
= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation
= 22500 + 12000 - 24500 = $10000
next we calculate the cost of sale of plant assets
= beginning plant asset + acquisition new plant assets - ending plant asset
= $123500 + $29000 - $131500 = $21000
Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets
= 21000 - 10000 + 6000 = $17000
The gestation period for cats has an approximate mean of 64 days and a standard deviation of 3 days. The distribution of the gestation period is approximately Normal.
a. What proportion of kittens have a gestation period of less than 68 days?
b. What proportion of kittens have a gestation period between 61 and 70 days?
c. What gestation period corresponds to the top 10% of gestation periods?
d. What gestation period corresponds to the 25th percentile?
Answer:
a. P(X<68) = 0.9082
b. P(61 < X< 70) = 0.8185
c. the gestation period that corresponds to the top 10% of gestation periods = 67.846
d. the gestation period that corresponds to the 25th percentile = 61.977
Explanation:
Given that:
population mean [tex]\mu[/tex] = 64
standard deviation [tex]\sigma[/tex] = 3
a. What proportion of kittens have a gestation period of less than 68 days?
here the sample mean x = 68
The standard normal distribution for the z score is
[tex]z = \dfrac{x -\mu}{\sigma}[/tex]
[tex]z = \dfrac{68 -64}{3}[/tex]
[tex]z = \dfrac{4}{3}[/tex]
z = 1.33
The proportion of the kittens having a gestation period of less than 68 days is:
P(X<68) = P(Z< 1.33)
Using the z - tables
P(X<68) = 0.9082
b. What proportion of kittens have a gestation period between 61 and 70 days?
here ; sample mean x₁ = 61 and x₂ = 70
the standard normal distribution for the z score is:
[tex]z_1 = \dfrac{61 -64}{3}[/tex]
[tex]z_1 = \dfrac{-3}{3}[/tex]
[tex]z_1 =-1[/tex]
[tex]z_2 = \dfrac{70-64}{3}[/tex]
[tex]z_2= \dfrac{6}{3}[/tex]
[tex]z_2= 2[/tex]
So, the proportion of kittens having a gestation period between 61 and 70 days is:
P(61 < X< 70) = P(-1 < Z < 2)
P(61 < X< 70) = P(Z < 2) - P( Z< -1)
From z tables
P(61 < X< 70) = 0.9772 - 0.1587
P(61 < X< 70) = 0.8185
c. What gestation period corresponds to the top 10% of gestation periods?
i.e
P(X >[tex]x_o[/tex] ) = 0.1
P(X < [tex]x_o[/tex] ) = 1 - 0.1
P(X >[tex]x_o[/tex] ) = 0.9
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =0.9[/tex]
Using the Excel Function : =NORMINV (0.9)
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =1.282[/tex]
⇒ [tex]\dfrac{x - \mu}{\sigma}=1.282[/tex]
[tex]{x - \mu}=1.282 \times \sigma[/tex]
[tex]x =1.282 \times \sigma + \mu[/tex]
given that:
[tex]\mu = 64 \\ \sigma =3[/tex]
x = 1.282 × 3 + 64
x = 67.846
The gestation period that corresponds to the top 10% of gestation periods = 67.846
d. What gestation period corresponds to the 25th percentile?
At 25 percentile, using the EXCEL FUNCTION = NORMINV(0.25;64;3)
the gestation period that corresponds to the 25th percentile = 61.977
What ethical issues are faced by public managers who deal with contractors and with regulations of private-sector activities
Answer:
Some of these ethical issues are
1. Wages or incentives
2. Discrimination among employees
3. Issues on health and safety of employees
4. And other internal issues that may come up in the company or organization.
Explanation:
While dealing with contractors, a public manager is likely to have the issues above with contractors so he has to learn to tolerate and must also not show any form of discrimination against any employee or show any preferential treatment to any selected worker. He has to employ tact's when dealing with contractors as well as when he is dealing with his employees.
With respect to the consideration clause which of the following would be considered consideration on the part of the applicant for insurance?
a. notice of policy cancellation.
b. payment of prmium.
c. promise to renew the policy at the end of the policy.
d. providing warranties on the application.
Answer: b. payment of premium.
Explanation:
The Consideration clause is the condition set by the Insurance company for its coverage of a person. In other words, it is what the person is expected to do for the Insurance company to enable it to discharge its responsibilities of being able to cover a client.
In general, this is the payment of premiums along with the statements made by the applicant about themselves in the application to the insurance company.
If premiums continue being paid, the company will cover the person all else equal.
A customer owns 200 shares of ABC, purchased 2 years ago at $50 per share. The current market value of ABC stock is $60 per share. If the customer gifts the stock to a charity, the result is:
Answer:
A $,2,000 short term capital gain
Explanation:
Investors in shares and other securities speculate on the price of the securities they hold. When prices rose it is a good opportunity bro sell and make profit.
This gain is often larger than what they would make from dividend payments.
In this instance he sold shares at $60 each and bought them back at $50.
The gain on this transaction is
Gain = (200 * 60) - (200 * 50)
Gain = $2,000
This is a short term gain and a holding period is not established for this transaction
what term is used for the amount of time an activity can be delayed without delaying the early start date
Complete Question:
What term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities?
Answer:
Free slack.
Explanation:
Free slack is a term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities.
Generally, in the execution of a project, when a task is delayed it normally affects the start or finishing time of the other tasks (successors) in a project. The amount of time that is permitted for an activity to be delayed without delaying the early start date of any immediately following (succeeding) activities refers to the free slack or having an adverse effect on entire project.
Why is it that incidental beneficiaries cannot enforce rights under a contract? Should they be able to enforce such rights?
Answer:
He cannot enforce or demand for any right in a contract as he was not even supposed to gain anything in the first place.
Explanation:
This is because they get unintended benefits from contracts. Incidental beneficiaries benefits from a contract even though that benefit is not part of why the contract was made. So these rights cannot even be enforced because none of the parties involved went into the contract for the sake of the incidental beneficiary. An incidental beneficiary only gets to benefit out of mere luck from two other parties therefore he cannot enforce or demand for any right. He is just a third party.
In order to be sure a project meeting runs according to plan, the project manager should develop an agenda in advance and deliver it to participants as they arrive at the meeting.
A. True
B. False
Answer:
B. False
Explanation:
Meetings must be planned in advance, and therefore, the agenda must be delivered to the participants in advance before the meeting in order for all participants to know what the meeting will be about and for them to prepare themselves for it. This way all participants can organize themselves and their schedules better.
An effective strategic manager will always view the organizational structure as an impediment to strategy implementation.A. TrueB. False
Answer:
B. False
Explanation:
It is false to say that an effective strategic manager will always view the organizational structure as an impediment to strategy implementation. Organizational structure is very important because it provides clarity and good guidance to the issues of human resources. It is important for strategy implementation as it promotes operational efficiency.
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of the corresponding call option is $2.65. According to the put-call parity theorem, if the risk-free rate of interest is 6% and there are 90 days until expiration, the value of the put should be ____________.
Answer: $4.24
Explanation:
According to the Put-Call Parity, the value would be expressed by;
Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)
T is 90 days out of 365 so = 90/365
= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)
= $4.24
Answer:
-22.42
Explanation:
Given,
Stock = $26, Call = $2.65, Exercise price = $28, Risk-free rate = 6%, Time = 0.24657 (90 / 365)
The put-call parity formula is [tex]$ C+Ke^{-rT} = P+S_0 $[/tex] where:
C = Call Price, K = Exercise Price, r = Risk-Free Rate, T = Time to Expiration,
P = Put Price, and [tex]$S_0$[/tex] = Stock Price
Subtracting [tex]$S_0$[/tex] from both sides, we get
[tex]$ P=C+Ke^{-rT} -S_0 $[/tex]
[tex]$P= 2.65 + 28 e^{-(6)(0.24657)}-26 $[/tex]
[tex]$P= 2.65 + 28 e^{-(1.47942)}-26 $[/tex]
[tex]$P= 2.65 + (28) (0.033157)-26 $[/tex]
= -22.42
1. Costs and benefits aren't always measured in dollars and cents. Assume
your gym teacher just told you to "drop and give me 20!" You have already
completed one set of 20 pushups. What non-money costs might you
experience if you give the gym teacher what she wants and do another set of
pushups? Answer this question in the form of one or more complete
sentences.
Answer:
The non-monetary costs you might experience are the calories, time, and the energy that you will burn by doing additional 20 pushups.
Explanation:
As for the benefits, you will lose some calories and gain better physique, strengthening your core. The benefits will certainly outweigh the costs, unless the person drops dead while doing the second act, but your gym teacher should know better. Another point is that not all costs and benefits can be quantified in monetary terms, or "measured in dollars and cents," which the above example has adequately illustrated.
What rules should brokers follow to decrease the possibility of lawsuits?
a) Property inspection rules
b) Office policy rules
c) Licensing rules
d) Agency disclosure rules
Answer:
Property inspection rules
Explanation:
Property inspection rules ensure that routine inspection is carried out on a property to ensure it is well cared for.
When a buyer of real estate makes a purchase and realises that the property has defects that were not disclosed initially, he can sir the seller and the broker.
To avoid this the broker should ensure that property inspection rules are followed.
The tenant should also be aware of the inspection and have access to the result. This will give him adequate knowledge of the defects of the property prior to purchase.
With this fore knowledge it is less likely the buyer will sue for undisclosed defects.
What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 6%
Answer:
21%
Explanation:
We can calculate the expected return of a firm by add dividend yield and growth rate but in this question, the growth rate is not given therefore we will find growth rate first with the available data
DATA
Payout ratio = 0.4
Return on equity = 25%
Dividend yield = 6%
Solution
Growth rate = Return on equity x retention ratio
Growth rate = Return on equity x (1 - payout ratio)
Growth rate = 25% x (1-0.4)
Growth rate = 25% x 0.6
Growth rate = 15%
Expected return = Dividend yield + growth rate
Expected return = 6% + 15%
Expected return = 21%
Determining the Proceeds from Bond IssuesMadison Corporation is authorized to issue $500,000 of 5-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019.Required:
Determine the proceeds that the company will receive if it sells the following: 1. The bonds to yield 12%. 2. The bonds to yield 10%.
Answer:
1.
Bond Price = $481599.8724 rounded off to $481599.78
2.
Bond Price = $519304.3373 rounded off to $519304.34
Explanation:
1.
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 500000 * 0.11 * 0.5 = 27500
Total periods (n)= 5 * 2 =10
r or YTM = 0.12 * 0.5 = 0.06
The formula to calculate the price of the bonds today is attached.
Bond Price = 27500 * [( 1 - (1+0.06)^-10) / 0.06] + 500000 / (1+0.06)^10
Bond Price = $481599.8724 rounded off to $481599.78
2.
Coupon Payment (C) = 500000 * 0.11 * 0.5 = 27500
Total periods (n)= 5 * 2 =10
r or YTM = 0.10 * 0.5 = 0.05
The formula to calculate the price of the bonds today is attached.
Bond Price = 27500 * [( 1 - (1+0.05)^-10) / 0.05] + 500000 / (1+0.05)^10
Bond Price = $519304.3373 rounded off to $519304.34
One argument for the idea that customer demands for local customization are on the decline worldwide is that
Answer: customer tastes have converged worldwide.
Explanation:
The options to the question are:
A. governments across the world are standardizing their legal procedures.
B. customer tastes have converged worldwide.
C. high costs of local customization are deterring companies from doing so.
D. managers worldwide ignore the differences in consumer tastes and preferences.
E. local and indigenous industries are increasingly filling up available demand
Local customisation is simply the implementation of creative ideas with a particular brand. argument for the idea that customer demands for local customization are on the decline worldwide is that customer tastes have converged worldwide.
A nephew has been given a durable power of attorney over his uncle's brokerage account. Upon the death of the uncle, the power of attorney:________.
Answer:
B. is terminated
Explanation:
These are options for the question
A. remains in force
B. is terminated
C. transfers to the executor of the uncle's estate
D. transfers to the registered representative servicing the uncle's account
From the question, we were informed about that a nephew has been given a durable power of attorney over his uncle's brokerage account.
Then in the case of the death of the uncle, the power of attorney is terminated.
Power of attorney which is a written documents that gives legal appointment of person or organization to perform an action on behalf of another person. It could be on properties or materials. But since the uncle of that nephew is dead then it brings end to the power of the Anthony on the nephew.
It should be noted that only "Principal" can override the power of attorney.
Amazon stock prices gave a realized return of 15%, 12%, 12%, and 15% over four successive quarters. What is the annual realized return for Amazon for the year?
Answer:
Annual realized rate = 0.135 or 13.5%
Explanation:
The annual realized return on the stock can be calculated by taking the weighted average of the quarterly realized returns provided by the stock. As the returns are quarterly, each return will be allocated a weight of 1/4 or 0.25 or 25%. Thus, the annual realized rate will be,
Annual Realized rate = 0.25 * 0.15 + 0.25 * 0.12 + 0.25 * 0.12 + 0.25 * 0.15
Annual realized rate = 0.135 or 13.5%
Why might prevention costs be referred to as an investment while failure costs might be referred to as true costs
Answer: Prevention cost is used to protect equipments and assets and as such is an investment.
Explanation:
Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.
Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.
How much would $10,000 due in 20 years be worth today if the discount rate were 6.5%?
Answer:
PV= $2,837.97
Explanation:
Giving the following information:
Future value= $10,000
Number of periods= 20 years
Interest rate= 6.5% compounded annually
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 10,000/(1.065^20)
PV= $2,837.97
Which of the following are factors that provide legal and ethical constraints in business communication?
a) Stakeholder interests
b) Codes of ethics
c) Team synergy
d) High-touch issues
Answer:
a) Stakeholder interests
b) Codes of ethics
Explanation:
Legally a firm is to act in the best interest of its shareholders at all times. This therefore applies to Business communication which should be done only in a way that will best serve stakeholder interest with anything else being a potential breach of legality.
The firm's Code of Ethics is meant to lead the firm in an ethical manner and so they must abide by it in Business communication to ensure that the process is ethical by their own definition.
Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstanding as of January 1st, 2019; 24,000 fully vested (as of 2013) stock options (each option allows for one common share at a $50 exercise price): Foxhound bought back 20,000 common shares on October 1st, 2019. The average market price of the shares throughout the year was $60 per share. Which of the following is the Basic EPS for Foxhound at the end of 2019? (Round to the nearest penny
A. $9.00
B. $7.58
C. $10.00
D. 7.30
Answer:
B. $7.58
Explanation:
earnings per share = (net income - preferred dividends) / weighted average of shares outstanding
shares outstanding:
January 1: 100,000 x 12/12 = 100,000
October 1: -20,000 x 3/12 = -5,000
weighted average = 95,000
EPS = $720,000 / 95,000 = $7.5789 =$7.58
Stock options are not included in the basic EPS calculation.
Which publicly funded program distributes, free of charge, surplus agricultural products to low-income households
Answer:
commodity foods program
Explanation:
the commodity food program is a way of improving on the diets of low income earners by providing them with nutritious USDA food.
The low income earners in this category includes pregnant women, children, the elderly and infants. This program health to improve their diets as well as their overall health
As the __________ substitute for low-skill labor becomes available, the demand curve for low-skill labor will shift to the left.
Answer:
technology
Explanation:
As technology begin to replace low skilled workers, the demand for low skilled labour begins to fall. A fall in demand results in a leftward shift of the demand curve
Blanchard talks about servant leadership, and Jim Collins talks about Level 5 executives. What do servant leaders and Level 5 executives have in common
Answer: Both types of leaders have humility as a core personal characteristic
Explanation:
Servant leadership is a form of leadership philosophy whereby the lender's main goal is to serve and the leaders are humble. Level 5 leaders are humble and incredibly ambitious.
Therefore, servant leaders and Level 5 executives have in common is that both types of leaders have humility as a core personal characteristic
Compute conversion costs given the following data: direct materials, $350,300; direct labor, $205,100; factory overhead, $177,000 and selling expenses, $45,700.
a. $543,800.
b. $384,200.
c. $187,900.
d. $731,700.
Answer:
$382,100
Explanation:
The computation of the conversion cost is shown below;
Conversion cost is
= direct labor cost + factory overhead cost
where,
Direct labor cost is $205,100
And, the factory overhead cost is $177,000
Now place these values to the above formula
So, the conversion cost is
= $205,100 + $177,000
= $382,100
This is the answer but the same is not provided in the given options
Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. What is this agreement called?
Answer:
Net listing.
Explanation:
In this scenario, Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. This agreement is called net listing.
Net listing can be defined as an arrangement between a broker and a property owner, in which the owner of a property sets a minimum selling price at which the property would be sold while the any other amount above the minimum amount would be kept by the broker as commission.
Under a net listing, since the minimum selling price chosen by the owner of the property, Patsy is $150,000, assuming Broker Al sold the property for $200,000; he would pay Patsy the sum of $150,000 and keep the additional profit of $50,000 as his commission.
Suppose the supply and demand for a certain textbook are given by supply: demand: where p is the price and q is the quantity. Find the demand quantity and the supply quantity at a price of $. The number of books that are demanded at a price of $ is nothing and the number of books supplied at a price of $ is nothing. (Round to the nearest whole number as needed.) Enter your answer in each of the answer boxes.
Answer:
9 books4 booksExplanation:
1. With the given demand function, slot the price into the function to find the quantity;
p = - 1/3 q2 + 30
5 = - 1/3 q^2 + 30
1/3q^2 = 25
q^2 = 25/(1/3)
q^2 = 75
q = √75
= 8.66
= 9 books
2. p = 1/3 * q^2
5 = 1/3 * q^2
q^2 = 5/(1/3)
q^2 = 15
q = √15
q = 3.87
= 4 books
Adventure Holiday sells thousands of tour packages each month through its various branches. A branch manager's salary would be a(n) _________ of selling a tour package.
Answer:
Direct cost
Explanation:
Since in the question it is mentioned that the Adventure holiday sells thousand number of tour packages each month with the help of various branches.
So here the salary of a branch manager should be considered as a direct cost as it is related to the tour package sale and hence the same is to be considered
It is directly attributed to the object of cost
When an appraiser assumes that no one is being forced to sell at a reduced price because of an impending divorce or similar situation; and that both buyer and seller are well-informed customers, he is more than likely hired to determine
Answer:
market value
Explanation:
In situations such as this one, the appraiser is usually hired to determine the market value of the property/asset that the individual is trying to sell. Market value is a term used in economics that describes the actual current value of an asset or a company on the financial market, according to market participants. In other words, this is the current price that other similar assets are selling for and what buyers seem to be willing to pay.
Under U.S. GAAP, property, plant, and equipment is reported at ______ value; under IFRS, property, plant, and equipment is reported at _____ value.
Answer: Book; Fair
Explanation:
Under U.S. GAAP, property, plant, and equipment is reported at book value; under IFRS, property, plant, and equipment is reported at fair value.
An asset's book value is simply equal to the carrying value of the asset on the balance sheet. It should be noted that the book value is calculated when the asset is put against the accumulated depreciation.
The fair value has to do with the estimation of several assets and liabilities which are listed on an organization's books.