The wealth gap refers to the discrepancy in total assets between races and ethnicities, as opposed to the wage gap, which refers to the difference in earnings from labor among different races and ethnicities.
Describe wealth gap and method to reduce it?The term "income gap" refers to the difference in earnings between two groups, such as the 1 percent and the 99 percent, white and black Americans, or, more generally, the haves and the have-nots.
While the income gap only considers income, the wealth gap also considers assets and net worth (assets minus debts).
Some step to reduce the wealth gap are-
Despite the existence of fair housing laws, discriminatory lending practices still have an impact. People of color, for instance, continue to experience higher interest rates, lower loan approval rates, lower homeownership rates, and lower levels of personal wealth.Historical discrimination in the U. S. Racial injustices still exist today in large part due to housing policy, including the once-legal practice of redlining.Nevertheless, the effectiveness of the 24th Amendment and civil rights-era legislation depended on enforcement, which has been patchy over the past 50 years, and continues to do so.Although there are strict laws in place, there is still inequality because of societal and cultural attitudes and practices.
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for a customer to be part of a market, what three things are required?
Answer:
For a customer to be part of a market, what three things are required? To be a part of a market, a customer must be willing to purchase a product, have the resources to purchase the product, and want to purchase the product.
Explanation:
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A financial institution buys a $500 million cap of 7 percent at a premium of 0.75 percent of face value. In addition, it sells $500 million floor of 3 percent at a premium of 0.70 percent of face value. If interest rate rise to 7.25%, what is the net profit of the financial institution? $1,000,000 -$1,250,000 -$250,000 $0 $1,250,00
The net profit of the financial institution will be -$2,500,000. The correct answer is c.
In this case, the financial institution buys a $500 million cap at a premium of 0.75 percent of face value. This means that the financial institution pays $500 million + ($500 million x 0.0075) = $503.75 million for the cap. The cap sets a maximum interest rate of 7 percent. The financial institution also sells a $500 million floor at a premium of 0.70 percent of face value. This means that the financial institution receives $500 million + ($500 million x 0.007) = $503 million for the floor. The floor sets a minimum interest rate of 3 percent.
Now, if the interest rates rise to 7.25 percent, the financial institution will have to pay the difference between the cap and the current interest rate to the seller of the cap. This means that the financial institution will have to pay $500 million x (0.0075 + 0.0025) = $5 million to the seller of the cap. On the other hand, the financial institution will receive the difference between the floor and the current interest rate from the buyer of the floor.
This means that the financial institution will receive $500 million x (0.0075 - 0.0025) = $2.5 million from the buyer of the floor. Therefore, the net profit of the financial institution will be $2.5 million - $5 million = -$2.5 million or -$2,500,000. The correct answer is -$2,500,000.
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The following information is from the records of Armadillo Camera Shop:
Accounts receivable, December 31, 2017
$81,000 (debit)
Net credit sales for 2017
160,000
Accounts written off as uncollectible during 2017
17,000
Cash sales during 2017 41,000
The company uses the direct writeminus−off method for bad debts. What is the amount of bad debts expense?
A. $62,000
B. $41,000
C. $17,000
D. $81,000
The company uses the direct writeminus−off method for bad debts, the amount of bad debts expense: $17,000. The correct option is C.
To find the amount of bad debts expense, we first need to calculate the total credit sales made during 2017. We can do this by subtracting the cash sales ($41,000) from the net credit sales ($160,000), which gives us a total credit sales of $119,000 ($160,000 - $41,000).
Next, we need to determine the amount of accounts receivable that were written off as uncollectible during 2017. The question states that $17,000 of accounts were written off, which means that $17,000 of the accounts receivable balance at the end of the year (December 31, 2017) is no longer collectible.
Using the direct write-off method, bad debts expense is recognized when an account is written off as uncollectible. Therefore, the amount of bad debts expense for the year is equal to the amount of accounts written off, which is $17,000. Therefore, the correct answer is option C - $17,000.
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8. for your business idea, what factors you can your team eliminate, reduce, raise, and create. describe why the factors that you selected for the value curve are important to customers.
In order to create a successful business idea, it is important to consider the factors that can be eliminated, reduced, raised, and created. By doing so, businesses can create a unique value curve that can attract customers and set them apart from their competitors.
One factor that can be eliminated is complexity. By simplifying the product or service, customers can easily understand and use it, which can increase customer satisfaction. Another factor that can be reduced is cost. By reducing the cost, businesses can offer their products or services at a more affordable price, which can appeal to customers who are price-sensitive.
One factor that can be raised is the quality of the product or service. By improving the quality, customers can have a better experience, which can lead to customer loyalty and word-of-mouth referrals. Another factor that can be created is convenience. By offering a convenient solution, customers can save time and effort, which can increase customer satisfaction.
The factors that have been selected for the value curve are important to customers because they address the customers' needs and wants. Customers want a product or service that is simple, affordable, of high quality, and convenient. By creating a value curve that addresses these factors, businesses can attract and retain customers, leading to long-term success.
In conclusion, the factors that can be eliminated, reduced, raised, and created are essential in creating a unique value curve that can attract and retain customers. By addressing the needs and wants of customers, businesses can create a successful business idea that can lead to long-term success.
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For each of the following requirements, create a new pivot table in a new worksheet. Name each new worksheet as "Req 1," "Req 2," etc. Format the dollar amounts in each pivot table or pivot chart using the accounting format with zero decimal places. Format non-currency numbers in each pivot table or pivot chart using the accounting format with zero decimal places.
From 2013 – 2016, what was the total spending in each of the four calendar years? Is spending trending up, trending down, or remaining stable?
In each of the years 2013 - 2016, how much was spent in each of the three categories of government (Education, General Government, and Public Works)? What does the pivot table show you?
How much in expenditures did Somerville have in each "Item Class" in the General Government category for each of the years 2013 – 2016? What insights can you draw from the pivot table?
Using the budget worksheet included in the Excel data file, prepare a budget variance report that compares actual spending by "Item Class" in 2016 for the General Government category. Use cell references for the actual spending totals. Use conditional formatting (use the "Shapes, 3 Signs" style) to denote the direction of the percentage variances. You will want to denote any variance that is more than +/−10% with a red diamond, between +/−3 – 9.99% with a yellow diamond, and less than +/−3% with a green circle.
Note: You can refer to cells in a pivot table from another worksheet, but you cannot copy the referenced cell – so you have to point to each cell individually.
Analyze the budget variance report you prepared in Step 4. What variances do you think should be investigated? Why?
To address this question, the first step is to create a new worksheet for each requirement and name them accordingly.
For each pivot table or chart, the dollar amounts should be formatted using the accounting format with zero decimal places. Non-currency numbers should also be formatted in the same way.
Once this is done, the budget variance report can be analyzed to identify any variances that need to be investigated. There are several factors that could contribute to variances in a budget, such as unexpected expenses, changes in market conditions, or errors in forecasting.
For example, if there is a significant variance in the sales revenue, this could indicate that the sales team may not be meeting their targets or that there is an issue with the product or service being offered. Similarly, if there is a variance in the cost of goods sold, this could be due to changes in the cost of raw materials or production processes.
In order to investigate these variances further, it may be necessary to gather more data, conduct a more detailed analysis, or speak to relevant stakeholders to get a better understanding of the situation.
By doing so, it may be possible to identify the root cause of the variance and take corrective action to address it. Overall, a thorough analysis of the budget variance report can help identify areas where improvements can be made to achieve better financial outcomes.
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true/false. An interest rate of 2 percent is not sustainable because: the supply of bonds in the bond market will rise and the interest rate will rise.
An interest rate of 2 percent is sustainable if it reflects the current market conditions and economic factors so the given statement is false.
However, if the interest rate remains at 2 percent for a prolonged period of time, it may lead to an increase in the supply of bonds in the bond market, which can lead to an increase in interest rates. This is because as the supply of bonds increases, the demand for those bonds decreases, leading to a decrease in their price and an increase in their yield, or interest rate.
Additionally, if inflation rates rise, this may also lead to an increase in interest rates to keep up with the rising costs of goods and services. Therefore, while a 2 percent interest rate may be sustainable in the short-term, it is important for economic factors to be continually monitored to ensure that interest rates remain at a sustainable level in the long-term.
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Due to _, government outlays have risen quickly since 2000.
a.less tax revenue
b.an aging population
c.increased government borrowing
d.economic expansion
e.lower interest payments on current government debt
"b. An aging population." Governments around the world have experienced a significant increase in their outlays since the turn of the century, and one of the main drivers of this trend is the aging population.
As people get older, they require more social services and healthcare, which puts pressure on governments to increase their spending.
In many countries, the aging population is also putting pressure on government pension systems, as more people are living longer and drawing benefits for longer periods of time. This has led to the need for governments to reform their pension systems, which can be a politically difficult process.
Other factors that have contributed to the rise in government outlays include increased spending on national security and defense, higher education costs, and rising healthcare costs. However, the aging population is widely regarded as one of the most significant drivers of this trend.
Overall, governments are facing significant challenges in managing their finances in the face of rising demand for social services and the need to balance budgets. Policymakers will need to find creative solutions to these challenges if they hope to maintain the long-term stability of their economies.
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Assume you live in an M&M world (i.e. all the assumptions of the Modigliani and Miller (M&M) model are true, including the absence of taxes.) Currently, it is date 0. You own the equity of a company that, starting at date 1, will either (a) generate 300 with certainty every year forever or (b) generate 100 with certainty every year forever. There is a 50% probability that (a) will occur, and a 50% probability that (b) will occur. Today, that is, we don’t know the future cash flows, but we will know them with certainty next year.Assume there is no systematic risk associated with these cash flows and that the risk-free rate is 10% (hint: Ask yourself how these assumptions affect your calculation of the return on equity using the CAPM model). There are 1000 shares outstanding.Suppose the company is 100% equity financed. What is the value of the company’s equity? What is the share price?
The value of the company's equity $2,000, and the share price is $2 in an M&M world
In an M&M world, the value of a company's equity can be calculated using the risk-free rate and expected cash flows. Given that there is a 50% probability of generating 300 per year and a 50% probability of generating 100 per year, the expected cash flow is (0.5 * 300) + (0.5 * 100) = 150 + 50 = 200 per year. As there is no systematic risk and the risk-free rate is 10%, the company's equity value can be determined using the perpetuity formula:
Equity Value = Expected Cash Flow / Risk-free Rate = 200 / 0.1 = 2,000
With 1,000 shares outstanding, the share price can be calculated as:
Share Price = Equity Value / Shares Outstanding = 2,000 / 1,000 = $2 per share
So, the value of the company's equity is $2,000, and the share price is $2 in an M&M world with no taxes and risk-free cash flows.
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An increase in production in the short run definitely results in an increase in:
a.) Average total costs
b.) Marginal costs
c.) Total costs
d.) Average fixed costs
An increase in production in the short run can result in different effects on different costs. The answer to the question depends on which cost is being considered. Hence, the correct answer is option B. marginal costs.
If we look at the average total costs, then the answer would be "it depends." In the short run, the fixed costs are usually considered fixed and cannot be changed, so an increase in production can lead to spreading these fixed costs over a larger output, thus decreasing the average fixed costs. If we look at the marginal costs, then the answer would be "b) Marginal costs." Marginal costs represent the cost of producing one additional unit of output, and in the short run, an increase in production will almost always result in an increase in marginal costs.
If we look at the total costs, then the answer would be "c) Total costs." An increase in production will increase the total costs because the variable costs will increase as more output is produced. Lastly, if we look at the average fixed costs, then the answer would be "a decrease." In conclusion, an increase in production in the short run can result in an increase in marginal costs and total costs, a decrease in average fixed costs, and it depends on the effect on average total costs.
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LOW GDP is not necessarily an indicator of an economy in poor health. For one thing, a ___country may have a low GDP but a high ______ For another thing, an economy with a low GDP but a strong ____ is healthier than an economy with a comparable GDP that is stagnant or declining. A. nominal GDP growth rate B. largeC. wealthyD. real GDP growth rate E. inflation rate
A low GDP is not necessarily an indicator of an economy in poor health. For one thing, a small country may have a low GDP but a high standard of living. For another thing, an economy with a low GDP but a strong real GDP growth rate is healthier than an economy with a comparable GDP that is stagnant or declining.
This means that even though the total value of goods and services produced is relatively low, the quality of life for its citizens is high. The real GDP growth rate takes inflation into account, providing a more accurate representation of the economy's health. A positive real GDP growth rate indicates that the economy is expanding, whereas a stagnant or declining GDP may suggest economic struggles.
In conclusion, it's important to consider factors like the size of the country, the standard of living, and the real GDP growth rate when evaluating an economy's health. A low GDP alone does not necessarily imply a poorly performing economy.
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According to growth accounting studies, investing in research and education?
a) Is less effective than the on job training.
b) Does not achieve as much growth as technology improvement would.
c) Is the best way to achieve greater technological progress.
According to growth accounting studies, investing in research and education is often considered the best way to achieve greater technological progress.
This means that option (c) is the most accurate choice. Research and education play a crucial role in developing new knowledge, skills, and technologies, which can drive economic growth and productivity improvements.
By investing in research and education, individuals and organizations can acquire new insights, develop innovative solutions, and improve their overall capabilities. While on-the-job training and technology improvement are also important factors for growth, research and education are often recognized as fundamental drivers of long-term technological progress and economic development.
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Prepare journal entries to record the following merchandising transactions of Walker's, which uses the perpetual inventory system and the gross method. (Hint It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Thompson) Jul. 1 Purchased merchandise from Thompson Company for $7,200 under credit teras of 1/15, n/3, Fos shipping point, involce dated uly 1 u1. 2 Soldwerchandise to Mitchell Co. for $1,588 under credit teres of 2/1e, n/te, ras shipping poist, invoice dated July 2. The merchandise had cost $9ee. ul. 3 Paid $36s cash for freight charges on the purchase of July 1 ul. 8 Sold merchandise that had cost $1,709 for 32,909 cash. ul. 9 Purchased serchandise from Mannion Co. for $2,800 under credit terms of 2/1s, n/6, FOS destinat ion, invoice dated July 9. Jul. 11 Received a $6e0 credit randun from Hannion Co. for the return of part of the serchandise purchased on July 9. ul. 12 Recelved the balance due from Mitchell Co. for the invoice dated July 2, net of the discount Jul. 16 Paid the balance due to Thoapson Company within the discount period ul. 19 Sold merchandise that cost $1,700 to Sanchez Co. for $2,400 under credit terms of 2/15, n/6e, FOB shipping point, Invoice dated July 19 ul. 21 Issued a $5ee credit nesorandus to Sanchez Co. for an allowance on goods sold on July 19. ul. 24 Paid Mannion Co. the balance due, net of discount Jul· 30 Received the balance fro. Sanchez Co. for the invoice datrd July 19, net of distant ul. 31 Sold merchandise that cost 14,900 to Mitchell Co. for $8,200 under credit teres of 2/1, nve, ros shippig point, Involce dated July 3 General General Schedule ofIncome Statement Impact on Requirement Journal Trial Balance Receivables Payables Prepare a multiple-step income statement through the calculation of gross profit. Partial Income Statement
The journal entries for merchandising transactions of Walker's are recorded using the perpetual inventory system and gross method. A partial income statement is prepared to calculate the gross profit which is $6,128.
Journal Entries
Jul. 1: Accounts Payable-Thompson $7,200
Merchandise Inventory $7,200
Jul. 2: Accounts Receivable-Mitchell Co. $1,588
Sales Revenue $1,588
Cost of Goods Sold $960 (calculated as $9,000 x 10.67%)
Jul. 3: Freight-In $360
Cash $360
Jul. 8: Cash $3,209
Sales Revenue $3,209
Cost of Goods Sold $1,709
Jul. 9: Merchandise Inventory $2,800
Accounts Payable-Mannion Co. $2,800
Jul. 11: Accounts Payable-Mannion Co. $60
Cash $60
Jul. 12: Cash $1,558.64 (calculated as $1,588 - ($1,588 x 2%))
Sales Discounts $29.36 (calculated as $1,588 x 2%)
Accounts Receivable-Mitchell Co. $1,588
Jul. 16: Accounts Payable-Thompson Co. $7,056 (calculated as $7,200 - ($7,200 x 1%))
Purchase Discounts $144 (calculated as $7,200 x 1%)
Cash $6,912
Jul. 19: Accounts Receivable-Sanchez Co. $2,400
Sales Revenue $2,400
Cost of Goods Sold $1,700
Jul. 21: Sales Returns and Allowances $500 (credit memo amount)
Accounts Receivable-Sanchez Co. $500 (credit memo amount)
Jul. 24: Accounts Payable-Mannion Co. $2,744 (calculated as $2,800 - ($2,800 x 2%))
Purchase Discounts $56 (calculated as $2,800 x 2%)
Cash $2,688
Jul. 30: Cash $2,367.20 (calculated as $2,400 - ($2,400 x 2%))
Sales Discounts $32.80 (calculated as $2,400 x 2%)
Accounts Receivable-Mitchell Co. $2,400
To calculate the impact on the income statement, we need to first prepare a schedule of income statement accounts
Sales Revenue:
July 2: $1,588
July 8: $3,209
July 19: $2,400
July 31: $8,200
Total Sales Revenue: $15,397
Cost of Goods Sold
July 2: $960
July 8: $1,709
July 19: $1,700
July 31: $4,900
Total Cost of Goods Sold: $9,269
Gross Profit: $6,128
To calculate the impact on the trial balance, we need to adjust the accounts affected by the journal entries above. The final trial balance should reflect the following balances
Accounts Receivable: $4,228 ($1,588 + $2,400 + $240 - $500)
Accounts Payable: $7,464 ($7,200 - $144 + $2,744 - $60)
Merchandise Inventory: $7,551 ($7,200 + $2,800 - $1,700)
Sales Revenue: $15,397
Sales Discounts: $62.16 ($29.36 + $32.80)
Sales Returns and Allowances: $500
Purchase Discounts: $200 ($144 + $56)
Cost of Goods Sold: $9
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In the short run, a firm should operate when it is losing money, so long as the firm’s marginal revenue is above average variable cost. In this situation, continued operation enables a firm to cover all of its variable cost and some of its fixed cost with any remaining revenue.
(If the company cannot cover all of its variable cost, it is losing more money by continued operation than by shutting down in the short run. This situation is described in the last line of the table.)
A firm should operate in the short run when losing money if its marginal revenue is above average variable cost: as it enables the firm to cover variable costs and some fixed costs, thus minimizing losses.
In the short run, a firm should continue to operate even if it is losing money, as long as the marginal revenue exceeds the average variable cost. This situation allows the firm to cover all of its variable costs and contribute towards some of its fixed costs with the remaining revenue. By doing so, the firm minimizes its losses in the short run, as opposed to shutting down and bearing the full burden of its fixed costs.
If a company cannot cover all of its variable costs, it is losing more money by continuing to operate than by temporarily shutting down in the short run. In this case, the firm's marginal revenue is not enough to cover the average variable cost, making it economically unviable to continue operations. The firm should reevaluate its cost structure, pricing strategy, and market conditions to determine if it can become profitable in the long run.
In summary, a firm should operate in the short run when losing money if its marginal revenue is above average variable cost, as it enables the firm to cover variable costs and some fixed costs, thus minimizing losses. If it cannot cover all variable costs, it is more advantageous to shut down in the short run and reassess the firm's position in the market.
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the april 30 bank statement for kmaxx company and the april ledger account for cash are summarized here: bank statement checks deposits other balance balance, april 1 $ 6,300 april 5
It appears that Kmaxx Company has a cash account that is being reconciled against their bank statement for the month of April. The bank statement reflects the activity for the month, including checks written and deposits made, as well as any other transactions that may have occurred.
On April 1, the balance in the bank account was $6,300. This is the starting point for the reconciliation process. From there, any checks that were written during the month are deducted from the balance, and any deposits that were made are added. It's not clear from the information provided what the total amount of checks and deposits were for the month, but based on the fact that the balance on the bank statement is different from the balance in the cash account ledger, it's likely that there were some discrepancies that need to be resolved.
The cash account ledger is a record of all transactions that have occurred in the cash account during the month. It should match the activity reflected on the bank statement, but in this case, it appears that there are some differences. In order to reconcile the two accounts, it will be necessary to review all of the transactions that occurred during the month and compare them to the bank statement. Any discrepancies should be noted and investigated, and adjustments made as necessary to bring the two accounts into agreement.
Overall, the process of reconciling the cash account against the bank statement is an important step in ensuring the accuracy of the company's financial records and should be done on a regular basis.
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Compare Reread lines 16-20 "Fatal Car Crashes Drop for 16-year-Olds,Rise For Older Teens. " According to Allison Aubrey, what is one interpretation for the fact that there's been an increase in fatal car crashes among 18- year-olds? How does this interpretation conflict with the quotation in lines 133-135 of "is 16 too young to drive a car
Allison Aubrey provides an interpretation for the increase in fatal car crashes among 18-year-olds.
According to her, the decrease in the number of fatal car crashes among 16-year-olds is due to the improved restrictions and stricter laws put in place by states, while the increase in the number of fatal car crashes among 18-year-olds is because they aren't covered by the same laws.According to the text, "Fatal Car Crashes Drop for 16-year-Olds, Rise for Older Teens," by Allison Aubrey, there has been a significant decrease in fatal car crashes among 16-year-olds, but there has also been a significant increase in fatal car crashes among 18-year-olds.
Aubrey implies that the decrease in the number of fatal car crashes among 16-year-olds is due to the improved restrictions and stricter laws put in place by states to help reduce accidents and improve safety.However, the interpretation of this fact contradicts the quotation in lines 133-135 of "Is 16 too young to drive a car?" The author of "Is 16 too young to drive a car?" states that 16-year-olds are too young to drive cars and that raising the driving age to 18 or 21 will help reduce the number of fatal car crashes among teens.
Meanwhile, Aubrey implies that 18-year-olds are involved in more fatal car crashes because they aren't covered by the same laws as 16-year-olds. Hence, this interpretation of the increase in fatal car crashes among 18-year-olds conflicts with the quotation in lines 133-135 of "Is 16 too young to drive a car?"
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. Gain realized on a like-kind exchange is excluded from income in all of the following circumstances except:
A.
When boot is given.
B.
When boot is received.
C.
When a liability is assumed.
D.
Both b and c.
The correct answer for your question is: D. Both B and C. Gain realized on a like-kind exchange is excluded from income in most circumstances.
However, there are exceptions where gains are not excluded from income. This means that gain realized on a like-kind exchange is NOT excluded from income when: B. Boot is received: If a taxpayer receives "boot," which is any additional property or cash received in the exchange that is not considered like-kind, the gain must be recognized as income to the extent of the boot received. C. When a liability is assumed: If a taxpayer assumes a liability in the exchange, such as taking on a mortgage or loan, the gain may be recognized as income to the extent of the difference between the liability assumed and the liability given up.
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When nations and corporations were ranked by GNI and total sales, respectively, for 2016, how many had GNI greater than the total annual sales of Walmart Stores?
Multiple Choice
32
59
73
24
The answer to this multiple-choice question cannot be determined with certainty based on the information provided. Option E none of these
To determine the number of nations and corporations with a Gross National Income (GNI) greater than the total annual sales of Walmart Stores in 2016, we need to find the GNI of Walmart Stores for that year.
According to Walmart's 2016 annual report, the company had total revenue of $485.9 billion. However, revenue is not the same as GNI, which is the total income earned by a country's residents and businesses.
To estimate Walmart's GNI for 2016, we can look at the company's net income, which is the amount of profit it earned after subtracting expenses. According to Walmart's 2016 annual report, its net income for that year was $13.6 billion.
However, this only represents the income earned by Walmart as a corporation, and not the income earned by its employees and other businesses that rely on Walmart's operations.
Based on this information, it is likely that many nations had a GNI greater than Walmart's estimated GNI for 2016, and it is possible that some corporations also had higher total sales. However, without more specific data, it is difficult to determine exactly how many nations and corporations fit these criteria. Option E none of these.
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True/False : database management catalog uses histograms to understand the output from selection operation
The given statement is false because the database management catalog is used by database administrators to manage the database schema, security, and other aspects of the database. It does not use histograms to understand the output from selection operations.
Histograms are used by the query optimizer to estimate the selectivity of predicates in the query and to choose an efficient execution plan. The optimizer uses histograms to understand the distribution of values in the columns that are involved in the query predicates.
This information helps the optimizer to estimate the number of rows that will be returned by the query and to choose the most efficient access method and join order. The database management catalog may contain information about the statistics and histograms for the tables and indexes in the database, but it does not use them directly to understand the output from selection operations.
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Evaluate the overall performance and financial structure of Pearson Air Conditioning & Service.,2. What are the strengths and weaknesses in this firm’s management of accounts receivable and inventory?,3. Should the firm reduce or expand the amount of its bank borrowing?,4. Evaluate Pearson’s management of accounts payable.,5. Calculate Pearson’s cash conversion period. Interpret your computation.,6. How could Pearson Air Conditioning & Service improve its working-capital situation?
Pearson Air Conditioning & Service demonstrates a stable financial structure and overall performance. However, it's essential to evaluate aspects like accounts receivable, inventory, bank borrowing, and accounts payable to better understand their position.
The strengths in managing accounts receivable and inventory include timely collections and efficient stock control. Weaknesses may involve delayed payments from customers and excessive inventory, leading to higher carrying costs. To improve, Pearson should adopt stricter credit policies and implement inventory optimization techniques.
Regarding bank borrowing, Pearson should analyze their debt-to-equity ratio and interest coverage to determine if expansion or reduction is appropriate. Maintaining a balanced debt level ensures financial stability and favorable credit ratings.
In managing accounts payable, Pearson should aim to negotiate better credit terms with suppliers, ensuring timely payments without straining cash flows. Prompt payments also help build strong relationships with suppliers.
To calculate Pearson's cash conversion period, combine the days sales outstanding, days inventory outstanding, and subtract days payable outstanding. Interpretation of this computation helps gauge the firm's effectiveness in managing its working capital cycle.
To improve its working-capital situation, Pearson should focus on enhancing accounts receivable collections, optimizing inventory levels, managing bank borrowing, and negotiating better credit terms with suppliers. Implementing these strategies will lead to a more efficient and financially stable business.
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The COO at Stevens Distribution asks the top managers to redesign their organization to reduce the number of managers. This will helpa. centralize authority.b. create a mechanistic structure.c. maintain an entrepreneurial culture.d. initiate a tall organizational structure.e. minimize the chain of command.
The COO at Stevens Distribution asks the top managers to redesign their organization to reduce the number of managers. This will help to centralizing authority and minimizing the chain of command.
Correct option is A and D.
Redesigning an organization to reduce the number of managers is an important step in aligning the company’s structure with its goals. This approach can be beneficial in many ways, such as centralizing authority and minimizing the chain of command. By reducing the number of managers, the organization can create a more mechanistic structure where decision-making is more centralized and efficient.
This type of structure can also help maintain an entrepreneurial culture, as it encourages employees to take charge and make decisions quickly. Additionally, a reduced number of managers will create a tall organizational structure, where fewer layers of management are present, allowing for faster communication.
Correct option is A and D.
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fill in the blank. quaker oats brand equity is a ____________ in the ready-to-eat cereal market.
Quaker Oats brand equity is a dominant force in the ready-to-eat cereal market. With over 140 years of history, Quaker Oats has established itself as a trusted and reliable brand for consumers seeking wholesome and nutritious breakfast options. Quaker Oats' brand equity is built on a foundation of quality, innovation, and customer loyalty.
Quaker Oats has consistently delivered high-quality products that meet the changing needs and preferences of consumers. Through its innovative product development and marketing efforts, Quaker Oats has successfully adapted to changing market trends, including the increasing demand for healthier and more sustainable food options. Its diverse product portfolio includes a wide range of cereals, granolas, and instant oatmeal products that cater to different tastes and dietary requirements.
Quaker Oats' brand equity is also strengthened by its strong customer loyalty. Over the years, the brand has built a loyal customer base that trusts and values its products. The brand's marketing campaigns, such as the iconic "Quaker man" mascot and the "Quaker Oats, it's the right thing to do" slogan, have also contributed to its enduring popularity. In conclusion, Quaker Oats' brand equity is a valuable asset in the ready-to-eat cereal market. Its strong reputation for quality, innovation, and customer loyalty makes it a formidable competitor in the industry.
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you invest $700 in a security with a beta of 1.4 and $300 in another security with a beta of 0.8. the beta of the resulting portfolio is
Beta is a measure of a security's sensitivity to market movements and is used to assess the risk associated with investing in that security. In this scenario, you've invested $700 in a security with a beta of 1.4 and $300 in another security with a beta of 0.8.
To calculate the beta of the resulting portfolio, you'll first need to determine the proportion of your investments in each security. For the first security, the proportion is $700/($700+$300) = 0.7. For the second security, the proportion is $300/($700+$300) = 0.3.
Next, multiply the proportion of each security by its respective beta: (0.7 x 1.4) + (0.3 x 0.8). This equals 0.98 + 0.24, which equals 1.22.
Therefore, the beta of your resulting portfolio is 1.22. This means your portfolio's expected return is 1.22 times more sensitive to market movements compared to a benchmark index, such as the S&P 500. A beta greater than 1 indicates a higher level of risk and potential reward, while a beta less than 1 suggests lower risk and reward.
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On January 2, Wabash Construction Company, a general contractor, executed a written contract with Anderson Brick, Inc., a subcontractor. The contract relates to a major "strip mall" building project in Morgantown, and Wabash faces a deadline of October 31 in its contract with The Mackie Consortium, L.L.C., the owners of the new mall. In the agreement between Wabash and Anderson, the parties stipulate that "time is of the essence" in terms of performance of the bricklaying work, and that the deadline for Anderson’s completion of the bricklaying work is July 15. There is also a "liquidated damages" clause in the contract between Wabash and Anderson, indicating that if the work is not completed by July 15, Anderson will pay $2,000 in damages for every day the bricklaying is not completed beyond July 15.Anderson does not complete the bricklaying work by July 15. In fact, the project is not finished until August 30, and Wabash now claims liquidated damages from Anderson in the amount of $92,000 (representing 46 days beyond the July 15 deadline, multiplied by $2,000 per day.) Anderson refuses to pay the $92,000, and Wabash sues.At trial, Anderson’s attorney seeks to introduce the following evidence: 1) the testimony of Henry Anderson, Anderson’s owner, who is willing to testify under oath that at the time of the signing of the contract, Wabash’s general manager, Fred Stein, said "Pay no attention to the July 15 deadline in the contract; if you need more time, all you have to do is ask;" and 2) a crumpled index card, purportedly in Fred Stein’s handwriting, indicating "no ‘hard and fast’ deadline on Anderson brick work."Should the trial court judge admit the foregoing evidence?
The trial court judge should consider the admissibility of the evidence presented by Anderson's attorney in accordance with the rules of evidence and relevant case law.
First, the testimony of Henry Anderson regarding the alleged statement made by Wabash's general manager, Fred Stein, is hearsay evidence. Hearsay is an out-of-court statement offered to prove the truth of the matter asserted in the statement. In general, hearsay is inadmissible in court unless it falls within an exception to the hearsay rule. Anderson's attorney may argue that the statement falls within the exception for admissions of a party opponent, but the judge will need to determine if the statement was made by Stein, if it was against his interest, and if it was made in connection with the contract between Wabash and Anderson. The judge may also consider whether the statement was ambiguous or whether it contradicts the express terms of the written contract. Ultimately, the judge will need to weigh the probative value of the evidence against the risk of unfair prejudice or confusion to the jury.
In sum, the trial court judge should consider the admissibility of the evidence offered by Anderson's attorney in light of the rules of evidence and relevant case law, and should make a determination based on the probative value of the evidence and the risk of unfair prejudice or confusion to the jury.
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the break-even point can be expressed as sales in ___ or ____
The break-even point can be expressed as sales in dollars or units.
The break-even point is the point at which a business neither makes a profit nor incurs a loss. It is the point where the total revenue earned is equal to the total costs incurred. The break-even point can be calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin is the amount by which the selling price exceeds the variable cost per unit. Once the break-even point is calculated, it can be expressed as a dollar amount or a unit amount, depending on the needs of the business.
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Shim Interiors has a target debt-equity ratio of .40. Its cost of equity is 13.5 percent and its pretax cost of debt is 5.5 percent. Its tax rate is 21 percent. What is the company's WACC? Multiple Choice 9.97% 5.10% 10.88% 6.96% 11.21%
To calculate the company's weighted average cost of capital (WACC), we need to use the following formula:
WACC = (E/V x Re) + (D/V x Rd x (1 - T))
where:
E = market value of the company's equity
D = market value of the company's debt
V = E + D
Re = cost of equity
Rd = pretax cost of debt
T = tax rate
First, we need to calculate the market value of the company's equity and debt:
Assuming the total value of the company is $1,000, we can calculate the market value of equity and debt as:
Market value of equity = $1,000 x (1 - 0.40) = $600
Market value of debt = $1,000 x 0.40 = $400
Next, we can plug in the given values into the WACC formula:
WACC = ($600/$1,000 x 0.135) + ($400/$1,000 x 0.055 x (1 - 0.21))
WACC = (0.6 x 0.135) + (0.4 x 0.04355)
WACC = 0.081 + 0.01742
WACC = 0.09842 or 9.84%
Therefore, the company's WACC is approximately 9.84%, which is closest to option A, 9.97%.
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Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021.
Edison purchased the equipment from International Machines at a cost of $135,990. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information:
Lease term 2 years (8 quarterly periods)
Quarterly rental payments $18,200 at the beginning of each period
Economic life of asset 2 years
Fair market value of asset $135,990
Implicit interest rate 8% (Also lessee's incremental borrowing rate)\
Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis.
The first step in preparing the lease amortization schedule is to calculate the present value of the minimum lease payments. Using the lessee's incremental borrowing rate of 8%, the present value of the lease payments is $32,287.
The lease amortization schedule for Manufacturers Southern is as follows: Date Lease Payment Interest Expense Lease Liability Equipment
1/1/21 - - $135,990 $135,990
3/31/21 $18,200 $8,639 $127,751 -
6/30/21 $18,200 $8,220 $117,771 -
9/30/21 $18,200 $7,779 $107,350 -
12/31/21 $18,200 $7,316 $96,466 -
12/31/21 $32,287 $1,971 - $32,287
At the end of the lease term, the lease liability will be reduced to zero, and the equipment will have a net book value of zero. The interest expense is calculated using the effective interest method, which uses the beginning lease liability balance multiplied by the incremental borrowing rate.The appropriate journal entries for Manufacturers Southern are as follows: 1/1/21: Lease Receivable $32,287, Equipment $135,990, Lease Liability $168,277
3/31/21: Lease Receivable $18,200, Interest Expense $8,639, Lease Liability $9,561
6/30/21: Lease Receivable $18,200, Interest Expense $8,220, Lease Liability $10,341
9/30/21: Lease Receivable $18,200, Interest Expense $7,779, Lease Liability $11,162
12/31/21: Lease Receivable $18,200, Interest Expense $7,316, Lease Liability $11,884
12/31/21: Cash $32,287, Lease Receivable $32,287
The lease receivable account is used to record the amortization of the lease liability over the lease term, and the lease liability account is used to record the present value of the lease payments. The equipment account is used to record the cost of the leased asset, and the interest expense account is used to record the interest cost of the lease liability. The cash account is used to record the payment of the residual value to the lessor at the end of the lease term.
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True/False: total output may continue to rise even though marginal physical product is negative.
This statement "Total output may continue to rise even though marginal physical product is negative" is True.
Total output may continue to rise even though marginal physical product (MPP) is negative. Marginal physical product refers to the change in total output when an additional unit of input (such as labor or capital) is employed. When MPP is positive, it indicates that adding an extra unit of input will result in an increase in total output. However, as more input units are added, the MPP may eventually become negative due to the law of diminishing returns.
The law of diminishing returns states that as more units of input are employed, there will be a point at which the incremental output gained from each additional unit starts to decline. Once MPP becomes negative, it implies that adding more units of input actually decreases the total output. However, total output can continue to rise if the negative MPP is relatively small compared to the total output generated thus far.
For example, imagine a factory that initially increases its total output with each new worker added. Eventually, adding more workers causes overcrowding and inefficiencies, leading to a negative MPP. Yet, if the decrease in output caused by the negative MPP is smaller than the increase in output from the previous workers, the total output will still continue to rise, albeit at a slower pace.
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Dense Company's income statement showed revenues of $275,000 and operating expenses of $135,000. Accounts receivable decreased by $40,000 and accounts payable increased by $35,000 during the year. Compute cash receipts from customers and cash payments for operating expenses using the direct method.
Cash receipts from customers $
Cash payments for operating expenses $
Cash receipts from customers: $235,000
Cash payments for operating expenses: $170,000
To compute cash receipts from customers, we need to adjust the revenue figure by the decrease in accounts receivable. This means that the company received $40,000 less from customers during the year than it had anticipated.
Cash receipts from customers = Revenues - Decrease in accounts receivable
Cash receipts from customers = $275,000 - $40,000
Cash receipts from customers = $235,000
To compute cash payments for operating expenses, we need to adjust the operating expenses figure by the increase in accounts payable. This means that the company paid $35,000 more for operating expenses during the year than it had anticipated.
Cash payments for operating expenses = Operating expenses + Increase in accounts payable
Cash payments for operating expenses = $135,000 + $35,000
Cash payments for operating expenses = $170,000
Therefore, the company received $235,000 in cash from customers and paid $170,000 in cash for operating expenses during the year.
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Maslow’s Hierarchy of Needs and Alderfer’s ERG Theory are similar because both of them:1) Suggest that individuals are motivated by a specific set of needs.2) Suggest that punishment is more effective than rewards at motivating behavior.3) Suggest that people can only be motivated by a reward from a need level that has not yet been met.4) Suggest that individuals must meet their needs in order.
Maslow's Hierarchy of Needs and Alderfer's ERG Theory are similar because both suggest that individuals are motivated by a specific set of needs (Option 1). However, they differ in their approach to the order in which these needs are met.
Maslow's theory suggests that individuals must satisfy lower-level needs before moving on to higher-level needs, while Alderfer's theory suggests that individuals may work on multiple needs simultaneously and that progress in one area may compensate for deficiencies in another area.
Neither theory suggests that punishment is more effective than rewards at motivating behavior (Option 2), and both suggest that individuals can be motivated by rewards from any level of need, not just those that have not yet been met (Option 3). So, options 2 and 3 are incorrect.
Therefore, the correct answer is option 1: Both theories suggest that individuals are motivated by a specific set of needs.
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the firm increased the price of its product, but its revenue collected from the sales of the product fell. this leads us to conclude that the demand for the firm's product is
Based on the given scenario, we can conclude that the demand for the firm's product is elastic. Elasticity of demand measures the responsiveness of quantity demanded to a change in price.
When the price of a product increases and the revenue collected from the sales of that product falls, it means that the increase in price has caused a decrease in the quantity demanded that is greater than the percentage increase in price.In other words, the demand for the product is sensitive to changes in price. This could occur when there are substitute products that are readily available or when the product is considered a luxury rather than a necessity. In such cases, consumers are likely to reduce their purchases of the product as the price increases, and this leads to a reduction in revenue for the firm.Therefore, the firm needs to carefully consider the price elasticity of demand for its product and set its prices accordingly to maximize its revenue. If the demand for the product is elastic, the firm may need to reduce its prices to increase the quantity demanded and overall revenue.
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