Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided.
a. James is an architect who has been laid off owing to a slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. James is facing structural unemployment.
b. Eric is an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular. He is confident he can get a new job and has already rejected a number of offers.
c. Eric is facing cyclical unemployment. Craig lost his job several months ago. He is having a hard time finding a job that pays him more than unemployment insurance does.
d. Sarah is a recent economics graduate who is entering a difficult labor market, owing to a continued recession. She is continuing to look for work but is finding it difficult.
e. Hamid has just graduated as a lawyer from an esteemed law school. He confident of getting a job and has already refused a few lower paid jobs.
Answers
Answer:
A)CYCLICAL UNEMPLOYMENT
B)FRICTIONAL UNEMPLOYMENT
C)cyclical unemployment
D)CYCLICAL UNEMPLOYMENT
E)FRICTIONAL UNEMPLOYMENT
Explanation:
Employment can be regarded as term that describes the situation of people that are employable and looking for a job but cannot secure one.
Cyclical unemployment is regarded as the components of employment which is as a result of cycles coming up from upturn and down turn of economy
Frictional unemployment can be regarded as search unemployment, it exist at period one is seeking for employment.
Related Questions
What can a government do to best redistribute wealth?
A. Put tariffs and duties in place to collect revenue.
B. Offer government-owned lands for sale to the public.
C. Encourage the creation of small businesses by means of grants.
D. Adopt of a progressive tax system.
Answers
True or false When a law practice receives a payment from a client for services rendered the transaction will be recorded in the business cash payments journal.
Answers
Answer:
True or false When a law practice receives a payment from a client for services rendered the transaction will be recorded in the business cash payments journal.
Explanation:
It is true!!!!!!
According to the video, what are some qualities needed by Municipal Clerks? Check all that apply. confidence college degree patience high school diploma leadership skills organizational skills multitasking skills
Answers
Answer:
C, patience
D, high school diploma
F, organizational skills
G, multitasking skills
Explanation:
ed2022
Answer:
C, D, F, G
Explanation:
Think of a time when you were leading a group project. What kinds of problems emerged? How did you hanlde them? How might those skills tranfer to managing a restaurant?
Answers
When leading a group project the most rising problem is deadlines and team coordination this can be handled by effective communication.
What is a group?
A group is referred to as a collection of people who come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achive something.
Working in a group was quite difficult as every individual have own perspective which causes differences of opinion and disagreement within the group.
This agreement can be solved by building effective communication and better relationships with group members in order to achieve the goal.
This will be helpful in the Restaurant business by dealing with customers and timely delivery of the demanded dish or service to them.
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The group within an organization that is responsible for monitoring and evaluating the internal control system is called the
Answers
Answer:
Audit committee
Explanation:
Internal control is a system of ensuring that an organization's policies and procedures are complied with by its staff in order to protect the company's assets, ensure fraud is eliminated and also ensure financial integrity.
The audit committee ensures that the system of internal control implemented by the management is effective, hence its able to manage the risk inherent in the organization. The committee is also responsible for monitoring and evaluating the system of internal control in an organization inorder to ensure its effectiveness.
Which of the following events would cause a bank to reduce a depositor's account?
The depositor orders new checks through the bank at a cost of $50.
The bank collects a note receivable and related interest on the depositor's behalf.
There are outstanding checks drawn on the account at month-end.
There are deposits in transit on the account at month-end.
The bank corrects an error from previous month by adding $75 to the depositor account
Answers
Answer:
There are two events that would reduce a depositor's account:
- the depositor orders new checks through the bank for $50
- there are outstanding checks drawn on the account at the month-end
Explanation:
These situations will decrease the depositor's account balance by $50 and for the amount of the outstanding checks (which amounts were not stated).
Transaction data for Crane Real Estate Agency are presented as follows.
Oct. 1 James Crane begins business as a real estate agent with a cash investment of $22,050.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,793, on account.
6 Sells a house and lot for C. Rouse; bills C. Rouse $5,292 for realty services performed.
27 Pays $1,617 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $3,675 in salary for October.
Required:
Prepare the debit-credit analysis for each transaction.
Answers
The debit-credit analysis for each transaction for Crane Real Estate Agency is as follows:
Transaction Analysis:Debit Credit
Oct. 1 Cash $22,050 Common Equity $22,050
Oct. 2 No debit-credit analysis involved.
Oct. 3 Office furniture $2,793 Accounts Payable $2,793
Oct. 6 Accounts Receivable (C. Rouse) $5,292 Service Revenue $5,292
Oct. 27 Accounts Payable $1,617 Cash $1,617
Oct. 30 Salary Expense $3,675 Cash $3,675
What is Transaction Analysis:Transaction analysis is a financial accounting practice that enables the identification of the various accounts affected by each business transaction.
Transaction analysis also shows the impact of transactions on the accounting equation, which states that assets are equal to liabilities and equity.
Thus, each transaction is analyzed to show its impact on the accounting equation with a debit and a credit.
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Parbonetti Corporation recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 depreciation. The company had no amortization charges, it had $3,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate sales and cash flows in the future, Parbonetti Corporation was required to spend $750 to buy new fixed assets and invest $250 in net operating working capital.
Required:
How much free cash flow did Wells generate?
Answers
How much free cash flow did Wells generate is $1,770
First step is to Determine the Operating income (EBIT)
Sales $8,250
Less Operating costs excluding depreciation ($4,500)
Less Depreciation ($950)
Operating income (EBIT)$2,800
($8,250-$4,500-$950)
Now let determine How much free cash flow did Wells generate using this formula
FCF = EBIT(1 -Tax rate) + Depreciation- Required capital expenditures -Required addition to net operating working capital
Let plug in the formula
FCF = $2,800×(1-0.35)+$950 -$750 -$250
FCF = $2,800×(0.65)+$950 -$750 -$250
FCF = $1,820 + $950 -$750 -$250
FCF = $1,770
Inconclusion How much free cash flow did Wells generate is $1,770
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A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.
In which of the following economic markets is the cable company operating?
Answers
Due to the fact that the firm is the only one that is operating in the community, the economic markets operated here is monopolistic.
What is a monopolistic market?
This is a type of market that has only one company that is in charge of offering products or services to the public.
The market here is a cable tv and internet company that provides services to the community.
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21
Select the correct answer from each drop-down menu.
What are the elements of a compensation package?
An employee's
compensation includes basic pay, performance-based pay, incentives, stock options, and bonuses.
compensation includes insurance, and retirement programs.
Answers
An employee's compensation includes basic pay, performance-based pay, incentives, stock options, and bonuses - This is the correct answer, as these are all elements of a compensation package.
What is compensation?Compensation is the financial remuneration given to employees in exchange for services rendered. It can take many different forms, including wages, salaries, bonuses, commissions, and other forms of non-monetary benefits. Compensation is typically based on the level of responsibility, job performance, and market conditions.
Compensation includes insurance, and retirement programs - This is not the correct answer, as these are not elements of a compensation package, but rather benefits that are typically offered in addition to the compensation package.
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Compute activity-based costing rates from the following budgeted data for Upton Golf Co.
Answers
Answer:
Explanation:
I don't know how to say it
Please answer in one minute will mark BRAINLIST
Answers
Answer:
it's b reckless. ... ...
Answer:
b
Explanation:
reckless
Pick the false statement from below. Multiple Choice Expectations of lower inflation rates in the future tend to lower the slope of the term structure of interest rates. The term structure of interest rates includes both an inflation premium and an interest rate risk premium. The term structure of interest rates and the time to maturity are always directly related. The real rate of return has minimal, if any, effect on the slope of the term structure of interest rates. The interest rate risk premium increases as the time to maturity increases.
Answers
Answer: The term structure of interest rates and the time to maturity are always directly related.
Explanation:
The term structure of interest rates shows the relationship between interest rates and the different maturity periods of bonds. Normally, these move in the same direction i.e., the higher the maturity period, the higher the interest rate.
This however is not a given. It might be expected for instance that interest rates might drop in future. In such a situation, the interest might reduce with a longer maturity period which would depict an inverse relationship instead of a direct one.
The following is an alphabetical list of Blue Spruce’s Bakery’s adjusted account balances at the end of the company’s fiscal year on November 30, 2021:
Accounts payable $32,710 Merchandise inventory $34,360
Accounts receivable 13,670 Mortgage payable 106,000
Accumulated depreciation—building 61,200 Prepaid insurance 4,500
Accumulated depreciation—equipment 19,880 Property tax expense 3,500
Building 175,000 Purchases 627,700
B. Hachey, capital 104,480 Purchase discounts 6,300
B. Hachey, drawings 12,000 Purchase returns and allowances 13,315
Cash 20,700 Rent revenue 3,400
Depreciation expense 14,900 Salaries expense 121,600
Equipment 57,000 Salaries payable 8,500
Freight in 5,110 Sales 872,000
Freight out 8,200 Sales discounts 8,300
Insurance expense 9,000 Sales returns and allowances 9,845
Interest expense 5,700 Unearned revenue 3,000
Land 79,000 Utilities expense 20,700
1.Prepare a multiple-step income statement for the November 30, 2021, year end
2.Prepare a statement of owner’s equity for the November 30, 2021, year end.
3.Prepare a classified balance sheet for the November 30, 2021, year end
4. Prepare the closing journal entries.
5.Post closing entries to the Merchandise Inventory and capital accounts. Check that the balances in these accounts are the same as the amounts on the balance sheet.
Additional information:
1. Blue Spruce’s Bakery uses a periodic inventory system.
2. Of the mortgage payable, $9,200 is due on March 31, 2022.
3. A physical count determined that merchandise inventory on hand at November 30, 2021, was $37,370.
4. The owner made no capital contributions during the year.
Prepare a multiple step income statement for the Nov 30, 2024 year end.
Answers
1. The preparation of the multiple-step income statement for Blue Spruce's Bakery for the year ended November 30, 2021, is as follows:
Blue Spruce's Bakery
Multiple-step Income StatementFor the year ended November 30, 2021
Sales $872,000
Sales discounts (8,300)
Sales returns and allowances (9,845)
Net sales revenue $853,855
Cost of goods sold:
Merchandise inventory $34,360
Purchases 627,700
Freight in 5,110
Purchase discounts (6,300)
Purchase returns & allowances (13,315)
Cost of goods available (sale) $647,555
Merchandise inventory (37,370) $610,185
Gross profit $243,670
Operating Expenses:
Property tax expense $3,500
Depreciation expense 14,900
Salaries expense 121,600
Freight out 8,200
Insurance expense 9,000
Utilities expense 20,700 $177,900
Operating Income $65,770
Rent revenue 3,400
Income before interest $69,170
Interest expense (5,700)
Net Income $63,470
2. The preparation of a statement of owner's equity for Blue Spruce's Bakery for the year ended November 30, 2021, is as follows:
Blue Spruce's Bakery
Statement of Owner's EquityFor the year ended November 30, 2021
B. Hachey, capital $104,480
B. Hachey, drawings (12,000)
Net income 63,470
Ending balance $155,950
3. The preparation of a classified balance sheet for Blue Spruce's Bakery as of November 30, 2021, is as follows:
Blue Spruce's Bakery
Balance SheetAs of November 30, 2021
AssetsCurrent Assets:
Cash $20,700
Accounts receivable 13,670
Merchandise inventory 37,370
Prepaid insurance 4,500
Total current assets $76,240
Long-term Assets:
Building $175,000
Accumulated depreciation 61,200 $113,800
Equipment 57,000
Accumulated depreciation 19,880 37,120
Land 79,000 $229,920
Total assets $306,160
Liabilities and EquityCurrent Liabilities:
Accounts payable $32,710
Salaries payable 8,500
Unearned revenue 3,000
Mortgage payable 9,200
Total current liabilities $53,410
Long-term Liabilities:
Mortgage payable 96,800
Total liabilities $150,210
Owner's Equity $155,950
Total liabilities and equity $306,160
4. The closing journal entries are as follows:
Closing Journal Entries:Account Titles Debit Credit
Sales $872,000
Income Summary $872,000
To close the gross sales to the income summary.Account Titles Debit Credit
Income Summary $18,145
Sales discounts $8,300
Sales returns and allowances $9,845
To close sales discounts, returns, and allowances to the income summary.Account Titles Debit Credit
Rent revenue $3,400
Income Summary $3,400
To close the rent revenue to the income summary.Account Titles Debit Credit
Income Summary $647,555
Merchandise inventory $34,360
Purchases 627,700
Freight in 5,110
To close the beginning inventory, purchases, and freight-in to the income summary.Account Titles Debit Credit
Purchase discounts $6,300
Purchase returns & allowances 13,315
Income Summary $19,615
To close purchases discounts, returns, and allowances to the income summary.Account Titles Debit Credit
Income Summary $183,600
Property tax expense $3,500
Depreciation expense 14,900
Salaries expense 121,600
Freight out 8,200
Insurance expense 9,000
Utilities expense 20,700
Interest expense 5,700
To close expenses to the income summary.5. The post-closing entries to the Merchandise Inventory and Capital accounts are as follows:
Post-Closing Entries:Account Titles Debit Credit
Merchandise inventory $37,370
Income Summary $37,370
To record the closing merchandise balance.Statement of Equity $12,000
Owner's drawings $12,000
To close the owner's drawings to the statement of equity.Income Summary $63,470
Statement of Equity $63,470
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To begin, you must choose a topic for your conference. You may choose a topic for an academic conference based on your area of study, a professional or trade event focused on your career, or a fan conference celebrating a popular genre or piece of entertainment. Read through the resources in the Supporting Materials section to learn more about each of these types of conventions to help inform your choice.
Answers
If I were to choose a topic for a conference, I would lean towards an academic conference focused on a specific aspect of literature or literary theory.
This choice aligns with my passion for literature and my desire to engage in critical discussions surrounding it.
One possible topic could be "Exploring the Intersection of Identity and Literature." This conference would delve into how literature reflects and shapes individual and collective identities. It would encompass various themes such as gender, race, sexuality, nationality, and class, exploring how these factors influence the construction of characters and narratives. The conference would provide a platform for scholars, researchers, and students to present papers, exchange ideas, and engage in thought-provoking discussions.
This topic is relevant in today's diverse and multicultural society, allowing for exploration of how literature contributes to our understanding of identity, representation, and social dynamics. It would provide a platform to analyze both canonical and contemporary works, examining the ways in which authors navigate and challenge societal norms and conventions.
By organizing such a conference, attendees would have the opportunity to gain insights into the complex relationship between literature and identity, fostering a deeper appreciation for diverse voices and narratives. It would also serve as a platform for interdisciplinary dialogue, bringing together scholars from various disciplines, including literature, cultural studies, sociology, and psychology.
Overall, this conference would contribute to the ongoing discourse on identity and literature, fostering a deeper understanding of how literature reflects, critiques, and influences the construction of individual and collective identities.
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you will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and it’s function
Answers
The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.
What is the role of department of Homeland Security?To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.
All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.
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Expenses have a future benefit to the company. O True O False
Answers
Answer:true
Explanation:
mackenzie, an agent for lindsay, signs an agreement with kirk on lindsay's behalf but neglects to tell her that the agreement requires the payment of a certain tax. the government prosecutes lindsay for failing to pay the tax. she is
Answers
She is Liable, because liable to mckenzie, liable to lindsey.
What does being liable mean?accountable; required by law or equity (see equity sense 3). The business's debts are the responsibility of both owners and are vulnerable to appropriation or attachment. All of his assets are subject to debt repayment.To deem something means to judge it to possess specific qualities. An act is considered to be a crime if it is classified as such by the law. If someone is found to be responsible for damages, they must be paid.Libel is a form of defamation that mainly refers to remarks made about someone without justification that subject them to ridicule from the public. In contrast, the term "liable" implies someone who is legally accountable for anything, such as an unpaid bill.To learn more about defamation refer,
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For the current year, Bubbles Office Supply had earned $600 of interest on investments. As of December 31, none of this interest had been received or recorded. Demonstrate the required half of the adjusting entry by choosing the correct statement below:
a. Credit Interest receivable for $600.
b. Debit Interest revenue for $600.
c. Debit Cash for $600.
d. Debit Interest receivable for $600.'
Answers
Answer:debit interest receivable for 600
Explanation:
Part II: Write Your Own Credit Applicant Profiles
Write three fictional profiles:
1. Someone who would benefit from opening a credit card account.
2. Someone who should not open a credit card account.
3. Someone who could go either way on whether opening a credit card account is a good idea right now or not.
Write the profiles in a random order because a partner will determine (in Part 111 "Test a Classmate") which profile fits which scenario and write their explanation in the Partner Response box later.
hey there! can someone please help me write three stories for these scenarios? thank you so much! :)
Answers
Profile 1: A person who would gain from opening a credit card account.
Name: Emily ThompsonAge: 25Occupation: Recent college graduate, entry-level jobProfile 2: Person who should not open a credit card account.
Name: John AndersonAge: 45Occupation: Self-employed freelancerProfile 3: A person who could go either way on if opening a credit card account is a good idea right now or not.
Name: Sarah JohnsonAge: 30Occupation: Mid-level professionalWhat is the Credit Applicant ProfilesProfile 1: Financial Situation: No credit history due to recent employment. Managing expenses well and building credit score is her goal. She'll use a credit card responsibly to build credit. Emily is financially stable and dependable with payments.
Profile 2: Financial Situation: Past financial struggles. He has a history of financial problems. Don't open a credit card account now to avoid overspending. John should prioritize improving his financial habits, reducing debt, and establishing a stable foundation before getting a credit card.
Profile 3: Financial Situation: Stable job with consistent income. She has credit cards but struggles with balances. She needs to evaluate her spending habits and develop better financial discipline while acknowledging the benefits of a credit card. If Sarah can plan to pay off debt and control credit card use, opening an account is an option.
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Identify the cultural differences between Greece and Switzerland as per the GLOBE project
Answers
your answer is here
A downward-sloping yield curve generally indicates which of the following
(I) higher current short-term interest rates
(II) higher inflation expectations in future years
(III) a strong possibly of a recession within the next year
a) (I) and (III).
b) (II).
c) (III) only.
d) all are correct.
Answers
Answer:
a
Explanation:
A yield curve is a graph that plots the interest rate of bonds at a set point in time.
When the yield curve is downward sloping, it is expected that short term interest rate would be higher than the long term interest rate.
A downward sloping yield curve can be an indictor of coming recession.
A recession is when the GDP of a country for two consecutive quarters is negative. In a period of recession, interest rate is usually lower.
A downward sloping yield curve can also be an indicator that there is an expectation of lower inflation rate in coming years.
If the yield curve is upward sloping, the short term interest rate would be lower than the long term interest rate
A flat yield curve is an indicator that interest rate would be constant
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 14,100 units. Beginning work in process $0 2. Started 5,100 units that are 60% Materials 73,920 complete as to conversion Labor 30,180 costs and 100% complete as Manufacturing overhead 21,300 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1) materials and (2) conversion costs.
Answers
Answer:
Equivalent units of production for
1. Materials = 19,200
2. Conversion costs = 17,160
Explanation:
Please find attached solution to the above question.
The equivalent units of material and conversion costs are 19,200 and 17,160 respectively.
The equivalent units of material and conversion costs are 19,200 and 17,160 respectively.
Direct labor and overhead costs that are spent as a result of converting raw materials into finished goods are included in conversion costs. According to the definition of overhead costs, these are outlaid that cannot be directly linked to the production process but are nonetheless necessary for operations, such as the power or other services needed to keep a manufacturing facility open all day. The expenses of direct labor employed in determining prime costs are the same.
The efficiency of manufacturing processes may also be measured using conversion costs, which include overhead expenditures that are not included in prime cost estimates. Conversion costs are another tool operations managers employ to identify potential waste points in the production process.
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Correctly match the following with: export goods, import goods, export services, import services, investment income inflows, investment income outflows, transfer inflows, transfer outflows, capital inflows, and capital outflows.
Answers
Answer:
1. Import goods
2. Transfer outflow
3. Export services
This is what I know so far. Hope this helps.
In the prepare phase of your analysis, you described the data sources you used. According to the Case Study Roadmap, this description should include where the data is located and how it is organized. It should also consider issues with bias or credibility, problems with the data, and how you verified its integrity. Finally, your description should explain how the data helped you answer your questions. Take a moment to review your description now. What steps could you take to make it even more descriptive? 1 point
Answers
To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:
Specify the location of the dataDetail the organization of the dataAddress bias and credibilitySome steps to make the data sources more descriptiveSpecify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.
Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.
Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.
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Creative and innovative
Answers
A creative innovation is bringing about something unique and different.
What is creativity?Creativity is the ability to imagine something unique or new that have not been in existence.
It could also be a modification to what have been existing before.
Therefore, A creative innovation is bringing about something unique and different.
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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 32 $54 $1,728 Sale No. 1 10 Purchase No. 1 28 60 1,680 Sale No. 2 32 Purchase No. 2 20 57 1,140 Totals 80 $4,548 42 Assuming Quebec, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:
Answers
By using the FIFO periodic inventory procedures, the ending inventory cost is $2,220.
How do we derive the ending inventory cost?The computation of the ending inventory cost is as follows:
Units Unit Cost Total Cost Units Sold
Beginning Inventory 32 $54 $1,728
Sale No. 1 10
Purchase No. 1 28 60 1,680
Sale No. 2 32
Purchase No. 2 20 57 1,140
Totals 80 $4,548 42
Ending Inventory using the FIFO periodic inventory system:
Units of ending inventory:
= 80 - 42
= 38
Units are from: Units Unit Cost Total Cost
Purchase No. 1 18 60 $1,080
Purchase No. 2 20 57 1,140
Ending Inventory 38 $2,220
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a. The Marketing Department has estimated sales as follows for the remainder of the year (in units):
July
August
30,000 October
70,000
November
September 50,000
December
The selling price of the beach umbrellas is $12 per unit.
b. All sales are on account. Based on past experience, sales are collected in the following pattern:
20,000
10,000
10,000
30% in the month of sale
65% in the month following sale
5% uncollectible
Sales for June totaled $300,000.
c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requ
end of June.
d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, th
the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory
beginning and end of the quarter will be:
Answers
The Marketing Department projects the following sales for the remaining months of the year (in units): 30,000 in July, 50,000 in August, 70,000 in September, 30,000 in October, and 10,000 in December. The remaining sales for the year will total $1,080,000 at a selling price of $12 per unit.
b. According to prior sales data, 20% of June's sales will be collected in the month of the sale, 65% of sales will be collected in the month after the sale, and 5% of sales will be uncollectible. Thus, $240,000 will be the entire amount collected in June.
c. The business keeps completed products inventories equivalent to 15% of the sales for the following month. As a result, the final completed products inventory for June will be $90,000.
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A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
Answers
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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All of the following are examples of primary market research EXCEPT
A.
Direct-mail surveys
B.
Free product samples
C. Focus groups
D.
Promotional e-mail campaigns